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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <name>County of Clark NV</name>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>Port of Seattle WA</name>
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          <maturityDt>2034-03-01</maturityDt>
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      <invstOrSec>
        <name>Akron Bath Copley Joint Township Hospital District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Southington CT</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Capital Trust Agency, Inc.</name>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
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        <name>City of Jacksonville FL</name>
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        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2020A</title>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
        <lei>N/A</lei>
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        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Avondale School District</name>
        <lei>N/A</lei>
        <title>Avondale School District</title>
        <cusip>054375TF7</cusip>
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          <isin value="US054375TF71"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission</title>
        <cusip>67756DZN9</cusip>
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        <balance>425000.00000000</balance>
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      <invstOrSec>
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        <name>State of New Jersey</name>
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          <isin value="US646039YN18"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Windler Public Improvement Authority</name>
        <lei>N/A</lei>
        <title>Windler Public Improvement Authority, Limited Tax</title>
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          <isin value="US973405AC70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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, Series 2021B-2</title>
        <cusip>13057GAF6</cusip>
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          <isin value="US13057GAF63"/>
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        <balance>260000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>244037.82000000</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>2.37500000</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, Series J</title>
        <cusip>650009B44</cusip>
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          <isin value="US650009B447"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5213.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westchester County Local Development Corp.</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>Westchester County Local Development Corp., Purchase Senior Learning Community, Inc. Project</title>
        <cusip>95737TEX0</cusip>
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          <isin value="US95737TEX00"/>
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        <balance>3025000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2803793.55000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.20000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northeast Ohio Medical University</name>
        <lei>N/A</lei>
        <title>Northeast Ohio Medical University, Series 2021A</title>
        <cusip>66433RBC1</cusip>
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          <isin value="US66433RBC16"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151819.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Community College District/CA</name>
        <lei>N/A</lei>
        <title>Los Angeles Community College District, Election of 2008, Series G</title>
        <cusip>54438CSH6</cusip>
        <identifiers>
          <isin value="US54438CSH69"/>
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        <balance>145000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>151753.17000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
        <cusip>57584Y2T5</cusip>
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          <isin value="US57584Y2T50"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>511537.55000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hudson Yards Infrastructure Corp.</name>
        <lei>549300EE2HJ67TPURL87</lei>
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        <cusip>44420RAV2</cusip>
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          <isin value="US44420RAV24"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1663842.15000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <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, Series 2021B-3</title>
        <cusip>13057GAG4</cusip>
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          <isin value="US13057GAG47"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>142071.56000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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>
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          <isin value="US65818PNL93"/>
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        <balance>560000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Jacksonville FL</name>
        <lei>549300XQE0JVN9WV0J40</lei>
        <title>City of Jacksonville, Series 2022A</title>
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          <isin value="US469487TF92"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268102.31000000</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>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Placer Wastewater Authority/CA</name>
        <lei>549300FGO2EDNXECW829</lei>
        <title>South Placer Wastewater Authority</title>
        <cusip>839423CE8</cusip>
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          <isin value="US839423CE85"/>
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        <balance>10000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Illinois University</name>
        <lei>N/A</lei>
        <title>Northern Illinois University, Auxiliary Facilities System</title>
        <cusip>665245YV2</cusip>
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          <isin value="US665245YV26"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
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        <cusip>67756DD45</cusip>
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          <isin value="US67756DD450"/>
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        <balance>100000.00000000</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>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of New Mexico</name>
        <lei>549300H4YLM23QKOGK29</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Sedona AZ Excise Tax Revenue</name>
        <lei>N/A</lei>
        <title>City of Sedona</title>
        <cusip>81567LDD7</cusip>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
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      <invstOrSec>
        <name>Oklahoma County Finance Authority</name>
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      <invstOrSec>
        <name>River Islands Public Financing Authority</name>
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        <name>Lower Colorado River Authority</name>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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          <isin value="US592647HM69"/>
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        <fairValLevel>2</fairValLevel>
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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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          <isin value="US20282EAK29"/>
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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>2029-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
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          <isin value="US20282EAF34"/>
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          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Cuyahoga OH</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-05-15</maturityDt>
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        <name>City of Henderson KY</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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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>California Enterprise Development Authority</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>Ontario Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Ontario Public Financing Authority</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Military Installation Development Authority</name>
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          <maturityDt>2041-06-01</maturityDt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <isin value="US74442EHH62"/>
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          <maturityDt>2026-06-15</maturityDt>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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          <isin value="US917467BY75"/>
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          <maturityDt>2033-10-15</maturityDt>
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      <invstOrSec>
        <name>Western Michigan University</name>
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          <isin value="US958638XV54"/>
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        <curCd>USD</curCd>
        <valUSD>398797.32000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hillsboro School District No. 1J</name>
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          <isin value="US939307JM79"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Milledgeville &amp; Baldwin County Development Authority</name>
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          <isin value="US60039GAU76"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2020AA</title>
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          <isin value="US6461367L99"/>
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        <balance>1125000.00000000</balance>
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        <valUSD>1113754.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Future Tax Secured, Series 2021D</title>
        <cusip>64971XWJ3</cusip>
        <identifiers>
          <isin value="US64971XWJ35"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3054693.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ontario Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Ontario Public Financing Authority</title>
        <cusip>68304RCW8</cusip>
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          <isin value="US68304RCW88"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>165267.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>Maryland Health and Higher Educational Facilities Authority, Stevenson University Issue, Series 2021A</title>
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          <isin value="US57421CBY93"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2032-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <isin value="US19645UGE82"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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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        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority</title>
        <cusip>60416JFQ8</cusip>
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          <isin value="US60416JFQ85"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Butler County Port Authority</name>
        <lei>549300LIKUQ3LQUKO260</lei>
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          <isin value="US12355RAM88"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2040-05-15</maturityDt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WWX00"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Duluth Economic Development Authority, Benedictine Health System, Series 2021A</title>
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          <isin value="US26444VAE02"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Salem Hospital Facility Authority</name>
        <lei>N/A</lei>
        <title>Salem Hospital Facility Authority</title>
        <cusip>794458GH6</cusip>
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          <isin value="US794458GH67"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2032-05-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
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          <isin value="US64972GFQ29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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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="US89657PHZ99"/>
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          <maturityDt>2027-02-01</maturityDt>
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      <invstOrSec>
        <name>Tyler Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US902273WZ00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
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          <isin value="US93978HUS20"/>
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        <valUSD>2824985.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority</title>
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          <isin value="US594479HN00"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bergen County Improvement Authority (The)</name>
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          <isin value="US083778PF10"/>
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        <curCd>USD</curCd>
        <valUSD>1184626.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of New Hanover NC</name>
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          <isin value="US64480PER64"/>
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        <curCd>USD</curCd>
        <valUSD>246038.91000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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        <title>New Jersey Transportation Trust Fund Authority, Transportation Program, Series 2020AA</title>
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        <valUSD>1068966.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Louisiana</name>
        <lei>N/A</lei>
        <title>State of Louisiana, State Highway Improvement, Series 2013-A</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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        <title>Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Series 2020A</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Baytown Municipal Development District</name>
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        <title>Baytown Municipal Development District</title>
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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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        <name>Spartanburg County Tourist Public Facilities Corp.</name>
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          <isin value="US847111BE03"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Maine Municipal Bond Bank</name>
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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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      <invstOrSec>
        <name>New York State Environmental Facilities Corp.</name>
        <lei>549300QJ33JJW73OQO60</lei>
        <title>New York State Environmental Facilities Corp., State Clean Water and Drinking Water Revolving Funds, New York City Municipal Water Finance Authority</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health and Educational Facilities Authority, Hope Christian Schools</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Energy Northwest</name>
        <lei>N/A</lei>
        <title>Energy Northwest</title>
        <cusip>29270MEL3</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>County of Lancaster PA</name>
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        <name>Public Finance Authority</name>
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        <name>North Texas Tollway Authority</name>
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        <name>Port of Seattle WA</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>Maricopa County Industrial Development Authority</name>
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      <invstOrSec>
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        <name>Crown Point Multi School Building Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California Public Finance Authority</name>
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        <name>Virginia Small Business Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Conroe Local Government Corp.</name>
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        <name>Allegheny County Higher Education Building Authority</name>
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        <name>State of Georgia</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
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          <isin value="US04052BRH95"/>
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        <name>Lee County School District/GA</name>
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        <name>Clovis Unified School District</name>
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        <name>JEA Electric System Revenue</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <assetCat>DBT</assetCat>
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        <name>Wildwood Utility Dependent District</name>
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      <invstOrSec>
        <name>Northern Illinois University</name>
        <lei>N/A</lei>
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          <isin value="US665245YW09"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Hospital Facilities Authority of Multnomah County Oregon</name>
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          <isin value="US62551PDD69"/>
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        <balance>5800000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
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          <annualizedRt>0.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US667826CQ22"/>
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        <name>N/A</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
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        <name>Weber Basin Water Conservancy District</name>
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        <name>Indiana Finance Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>New York State Thruway Authority</name>
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        <name>Third Creek Metropolitan District No. 1</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Butler County Port Authority</name>
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          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WVS24"/>
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        <curCd>USD</curCd>
        <valUSD>391640.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
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          <isin value="US13080SJ471"/>
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        <curCd>USD</curCd>
        <valUSD>110528.85000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rampart Range Metropolitan District No. 5</name>
        <lei>N/A</lei>
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          <isin value="US75157WAA09"/>
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        <curCd>USD</curCd>
        <valUSD>456924.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Salem Hospital Facility Authority</name>
        <lei>N/A</lei>
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        <cusip>794458GG8</cusip>
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          <isin value="US794458GG84"/>
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        <curCd>USD</curCd>
        <valUSD>195494.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission</title>
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          <isin value="US67756DZM19"/>
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        <balance>445000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>497543.46000000</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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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Valparaiso IN</name>
        <lei>N/A</lei>
        <title>City of Valparaiso</title>
        <cusip>920286AA9</cusip>
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          <isin value="US920286AA93"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>160603.76000000</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>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>USCPI</title>
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          <other otherDesc="Inhouse Asset ID" value="2166649SD"/>
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      <invstOrSec>
        <name>City of Sedona AZ Excise Tax Revenue</name>
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        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
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          <maturityDt>2031-10-01</maturityDt>
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        <name>State of Maryland</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Fairview School District</name>
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        <name>Trinity River Authority</name>
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        <name>Northern Michigan University</name>
        <lei>549300Y2Q94GGNQC7X56</lei>
        <title>Northern Michigan University</title>
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        <name>City of New York NY</name>
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      <invstOrSec>
        <name>City of El Paso TX Water &amp; Sewer Revenue</name>
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      <invstOrSec>
        <name>Wellsville Central School District/NY</name>
        <lei>N/A</lei>
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          <maturityDt>2023-06-15</maturityDt>
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      <invstOrSec>
        <name>City of Santa Rosa CA Wastewater Revenue</name>
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          <maturityDt>2023-09-01</maturityDt>
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      <invstOrSec>
        <name>University of Central Florida Housing Facility Revenue</name>
        <lei>N/A</lei>
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          <isin value="US341576CT15"/>
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          <maturityDt>2024-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Island Park Union Free School District</name>
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          <isin value="US464488EQ47"/>
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          <maturityDt>2033-07-15</maturityDt>
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        <name>Lee County Industrial Development Authority/FL</name>
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          <maturityDt>2026-10-01</maturityDt>
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      <invstOrSec>
        <name>San Antonio Water System</name>
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          <isin value="US79642GKE16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montana State Board of Regents</name>
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          <isin value="US61212LRL52"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-15</maturityDt>
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        <name>San Marcos Redevelopment Agency Successor Agency</name>
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        <name>California Public Finance Authority</name>
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          <maturityDt>2036-11-15</maturityDt>
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        <name>Eastern Michigan University</name>
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        <name>Watervliet Public Schools</name>
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        <name>District of Columbia</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Vista Unified School District</name>
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        <name>State of Illinois</name>
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      <invstOrSec>
        <name>San Antonio Education Facilities Corp.</name>
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        <name>Ontario Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Ontario Public Financing Authority</title>
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          <isin value="US68304RCT59"/>
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      <invstOrSec>
        <name>Contra Costa County Public Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US21226PPU65"/>
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          <maturityDt>2036-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45470ECH62"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland Department of Transportation</name>
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        <title>State of Maryland Department of Transportation</title>
        <cusip>574204N33</cusip>
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          <isin value="US574204N335"/>
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        <curCd>USD</curCd>
        <valUSD>520116.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Mesquite TX Waterworks &amp; Sewer System Revenue</name>
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        <title>City of Mesquite</title>
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          <isin value="US590775DG44"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Berks County Industrial Development Authority, Tower Health Project</title>
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          <isin value="US08451PAK75"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Portland TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>County of Carroll KY</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <name>Northern Michigan University</name>
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        <name>San Antonio Education Facilities Corp.</name>
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          <isin value="US796247DX95"/>
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        <name>Montgomery County Higher Education and Health Authority</name>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <name>Western Michigan University</name>
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          <maturityDt>2036-11-15</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AB220"/>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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      <invstOrSec>
        <name>Borough of Matanuska-Susitna AK</name>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>New Hampshire Business Finance Authority</name>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Marion OR</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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          <isin value="US67756DD948"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lake Ridge School Building Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Broward County FL Water &amp; Sewer Utility Revenue</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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        <name>Los Angeles County Public Works Financing Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Bexar County Hospital District</name>
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        <name>Polk School District</name>
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          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp., Morningside Ministries Project</title>
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          <isin value="US64542UFX72"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
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      <invstOrSec>
        <name>Minnesota Municipal Gas Agency</name>
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          <isin value="US60406UAL17"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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          <isin value="US97712D2S47"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US08451PAH47"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
        <lei>N/A</lei>
        <title>Utility Debt Securitization Authority</title>
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          <isin value="US91802RAQ20"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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          <isin value="US09182NCB47"/>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Variable</couponKind>
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        <name>Central Plains Energy Project</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Stafford CT</name>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <name>Public Finance Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>Utah Charter School Finance Authority</name>
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      <invstOrSec>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>California Enterprise Development Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Broome County Local Development Corp.</name>
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        <name>Albany-Dougherty Inner City Authority</name>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>St. Johns County Industrial Development Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>District of Columbia</name>
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        <name>City of Greeley CO</name>
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        <name>North Texas Tollway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Illinois Finance Authority</name>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax Revenue</name>
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        <name>Indiana Finance Authority</name>
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        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US709221WE15"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
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          <isin value="US56045R3X50"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Bainbridge GA Combined Utility Revenue</name>
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        <title>City of Bainbridge</title>
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          <isin value="US056832AH15"/>
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        <balance>235000.00000000</balance>
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        <valUSD>248044.22000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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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="US20282EAJ55"/>
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        <valUSD>987158.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vista Unified School District</name>
        <lei>N/A</lei>
        <title>Vista Unified School District</title>
        <cusip>928346QM0</cusip>
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          <isin value="US928346QM01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Vista Unified School District</name>
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          <maturityDt>2034-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-15</maturityDt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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          <isin value="US649519ER29"/>
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          <maturityDt>2044-02-15</maturityDt>
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        <name>Loving Municipal School District No. 10</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>University of North Carolina at Chapel Hill</name>
        <lei>N/A</lei>
        <title>University of North Carolina, Hospital at Chapel Hill</title>
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          <isin value="US91471FAX33"/>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax Revenue</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>City of Henderson KY</name>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <name>City of Chicago IL Waterworks Revenue</name>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>Massachusetts Development Finance Agency</name>
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          <maturityDt>2031-01-01</maturityDt>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542QCE17"/>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
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          <isin value="US49120ABB44"/>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Palm Beach County Health Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Allegheny County Higher Education Building Authority</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>JPMorgan Institutional Tax Free Money Market Fund</name>
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        <name>Military Installation Development Authority</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Arizona Board of Regents</name>
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        <name>City of Grand Forks ND</name>
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        <name>County of Duplin NC</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>N/A</name>
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      <invstOrSec>
        <name>New York Convention Center Development Corp.</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority</title>
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          <isin value="US45505MJL19"/>
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        <curCd>USD</curCd>
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          <maturityDt>2030-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <name>Linn &amp; Benton Counties School District No. 8J Greater Albany</name>
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        <name>California Public Finance Authority</name>
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        <name>Mida Golf and Equestrian Center Public Infrastructure District</name>
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        <name>San Joaquin County Transportation Authority Measure K Sales Tax Revenue</name>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Florida Gulf Coast University Financing Corp.</name>
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          <isin value="US34073XGF96"/>
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        <name>Long Island Power Authority</name>
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        <name>Public Finance Authority</name>
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          <isin value="US74442EGR53"/>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Allegheny County Higher Education Building Authority</name>
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      <invstOrSec>
        <name>City of Austin TX Airport System Revenue</name>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp.</title>
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      <invstOrSec>
        <name>City of San Luis AZ</name>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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          <isin value="US13049RBT23"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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      <invstOrSec>
        <name>Lafayette Public Power Authority</name>
        <lei>N/A</lei>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>City of Pompano Beach FL</name>
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        <name>Northeast Ohio Medical University</name>
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        <name>District of Columbia</name>
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        <name>Metropolitan Transportation Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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        <name>Oklahoma County Finance 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>N/A</name>
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        <name>City of Portland OR Sewer System Revenue</name>
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        <name>City of Culver City CA Wastewater Revenue</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>N/A</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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        <name>City of Los Angeles Department of Airports</name>
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        <name>Oklahoma County Finance Authority</name>
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        <title>Oklahoma County Finance Authority, Educational Facilities, Lease Midwest City-Del City Public Schools Project</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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        <name>New York State Environmental Facilities Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Baytown Municipal Development District</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Washington Health Care Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Maryland</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Pima AZ</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Commonwealth Financing Authority</name>
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        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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        <name>Washington State Housing Finance Commission</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>County of Coffee TN</name>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>Lompoc Valley Medical Center</name>
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        <name>Clayton County Development Authority</name>
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        <name>County of Summit OH</name>
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        <name>County of Clark NV</name>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
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        <name>South San Francisco Public Facilities Financing Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>Board of Regents of the University of Texas System</name>
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          <isin value="US91514ABL89"/>
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        <name>Western Michigan University</name>
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        <name>City of Houston TX Combined Utility System Revenue</name>
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          <isin value="US4424362G59"/>
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        <name>Ohio Turnpike &amp; Infrastructure Commission</name>
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        <name>South San Francisco Public Facilities Financing Authority</name>
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        <name>Rhode Island Turnpike &amp; Bridge Authority</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
        <cusip>20282EAE6</cusip>
        <identifiers>
          <isin value="US20282EAE68"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>525525.60000000</valUSD>
        <pctVal>0.091007691398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Milledgeville &amp; Baldwin County Development Authority</name>
        <lei>N/A</lei>
        <title>Milledgeville and Baldwin County Development Authority, College and State University Projects</title>
        <cusip>60039GBB8</cusip>
        <identifiers>
          <isin value="US60039GBB86"/>
        </identifiers>
        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1864654.08000000</valUSD>
        <pctVal>0.322910745124</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust I</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
