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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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      <invstOrSec>
        <name>Trinity River Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, DePauw University</title>
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        <name>District of Columbia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Clark NV</name>
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        <title>County of Clark, Southern California Edison Co.</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>N/A</name>
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        <title>USCPI</title>
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          <other otherDesc="Inhouse Asset ID" value="5057419SD"/>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>Port of Seattle WA</name>
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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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        <name>Town of Southington CT</name>
        <lei>N/A</lei>
        <title>Town of Southington, Series 2020C</title>
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          <couponKind>Fixed</couponKind>
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        <name>Capital Trust Agency, Inc.</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, St Luke's Hospital</title>
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      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
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        <name>City of Jacksonville FL</name>
        <lei>549300XQE0JVN9WV0J40</lei>
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        <name>Town of Queen Creek AZ Excise Tax Revenue</name>
        <lei>N/A</lei>
        <title>Town of Queen Creek, Excise Tax</title>
        <cusip>74823YBP9</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Golden State Tobacco Securitization Corp.</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Minnesota Higher Education Facilities Authority</name>
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      <invstOrSec>
        <name>Windler Public Improvement Authority</name>
        <lei>N/A</lei>
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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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        <curCd>USD</curCd>
        <valUSD>234152.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
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          <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>5084.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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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        <valUSD>2806222.93000000</valUSD>
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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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          <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>136463.43000000</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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          <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>147036.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Salem Community Corp.</title>
        <cusip>57584Y2T5</cusip>
        <identifiers>
          <isin value="US57584Y2T50"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>478727.95000000</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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        <name>Hudson Yards Infrastructure Corp.</name>
        <lei>549300EE2HJ67TPURL87</lei>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>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>
        <identifiers>
          <isin value="US13057GAG47"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <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>
        <cusip>65818PNL9</cusip>
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          <isin value="US65818PNL93"/>
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        <balance>560000.00000000</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>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Placer Wastewater Authority/CA</name>
        <lei>549300FGO2EDNXECW829</lei>
        <title>South Placer Wastewater Authority</title>
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          <isin value="US839423CE85"/>
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        <balance>10000.00000000</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>2024-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Industrial Development Authority of the County of Pima (The)</name>
        <lei>549300QDTQ25545R4K19</lei>
        <title>Industrial Development Authority of the County of Pima (The)</title>
        <cusip>72178AAM4</cusip>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-11-15</maturityDt>
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          <annualizedRt>5.12500000</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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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-10-01</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, Cleveland Institute of Music 2</title>
        <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>
        <issuerCat>MUN</issuerCat>
        <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>
        <title>State of New Mexico</title>
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          <isin value="US647293SP54"/>
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        <balance>755000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2031-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma County Finance Authority</name>
        <lei>549300KPR05JUN0F1289</lei>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Commonwealth Financing Authority</name>
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        <name>N/A</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Hillsboro School District No. 1J</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Ontario Public Financing Authority</name>
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          <isin value="US68304RCW88"/>
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        <name>Moorhead Independent School District No. 152</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Salem Hospital Facility Authority</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>Jefferson County School District R-1</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Michigan Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-02-01</maturityDt>
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        <name>County of New Hanover NC</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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        <name>State of Louisiana</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>N/A</name>
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      <invstOrSec>
        <name>Spartanburg County Tourist Public Facilities Corp.</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>California Municipal Finance Authority</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Energy Northwest</name>
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        <name>County of Lancaster PA</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, DePauw University</title>
        <cusip>45470ECN3</cusip>
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          <isin value="US45470ECN31"/>
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        <balance>230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>238398.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing and Finance Association, Series 2021A</title>
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        <identifiers>
          <isin value="US45129WQD55"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>794776.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204FSS5</cusip>
        <identifiers>
          <isin value="US45204FSS55"/>
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        <balance>200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199649.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Clayton County Development Authority</name>
        <lei>549300MRIVF01QB6RF86</lei>
        <title>Clayton County Development Authority, CSU Foundation Real Estate II LLC</title>
        <cusip>184150GB0</cusip>
        <identifiers>
          <isin value="US184150GB01"/>
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        <balance>125000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>133360.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Triad Educational Services, Inc., Series 2021A</title>
        <cusip>74442EHP8</cusip>
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          <isin value="US74442EHP88"/>
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        <balance>280000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>225453.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, Second Tier</title>
        <cusip>66285WXA9</cusip>
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          <isin value="US66285WXA97"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>414499.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Industrial Development Authority of the City of St Louis Missouri (The)</name>
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        <title>Industrial Development Authority of the City of St Louis Missouri (The), Innovation District</title>
        <cusip>85233LAH6</cusip>
        <identifiers>
          <isin value="US85233LAH69"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>370356.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Port of Seattle WA</name>
        <lei>549300T9UCDUJ3GZL429</lei>
        <title>Port of Seattle, Intermediate Lien</title>
        <cusip>735389VR6</cusip>
        <identifiers>
          <isin value="US735389VR63"/>
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        <balance>3750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3825411.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
        <title>Utah Infrastructure Agency</title>
        <cusip>917467CG5</cusip>
        <identifiers>
          <isin value="US917467CG50"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>97137.83000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Butler County Port Authority</name>
        <lei>549300LIKUQ3LQUKO260</lei>
        <title>Butler County Port Authority, Community First Solutions</title>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100609.88000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Mayflower Retirement Community, Series 2021A</title>
        <cusip>34061WBG8</cusip>
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          <isin value="US34061WBG87"/>
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        <curCd>USD</curCd>
        <valUSD>1225160.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority, University of St. Thomas</title>
        <cusip>60416JEY2</cusip>
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          <isin value="US60416JEY29"/>
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        <balance>245000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>257694.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>St. Tammany Parish Hospital Service District No. 1</name>
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          <isin value="US793556CD19"/>
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        <valUSD>15379.08000000</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>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Sacramento Municipal Utility District</name>
        <lei>E3GSVR6ZOU1MX2V7HF33</lei>
        <title>Sacramento Municipal Utility District Financing Authority, Cosumnes Project</title>
        <cusip>786009CC2</cusip>
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          <isin value="US786009CC25"/>
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        <balance>1290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1349121.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Hazard KY</name>
        <lei>N/A</lei>
        <title>City of Hazard, Appalachian Regional Healthcare, Inc.</title>
        <cusip>421381AU8</cusip>
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          <isin value="US421381AU84"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>734041.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Borough of Matanuska-Susitna AK</name>
        <lei>N/A</lei>
        <title>Borough of Matanuska-Susitna, Goose Creek Correctional Center Project</title>
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          <isin value="US576553CD11"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15379.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2024-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Tarrant TX</name>
        <lei>N/A</lei>
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        <valUSD>546549.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2033-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Charleston SC Waterworks &amp; Sewer System Revenue</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990GAZ54"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
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          <isin value="US13057GAE98"/>
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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>3.12500000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
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          <isin value="US928104MU98"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Denver Health &amp; Hospital Authority</name>
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          <isin value="US24918EEH99"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Conroe Local Government Corp.</name>
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          <isin value="US208419AA93"/>
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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>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Allegheny County Higher Education Building Authority</name>
        <lei>N/A</lei>
        <title>Allegheny County Higher Education Building Authority, Chatham University</title>
        <cusip>01728RPR4</cusip>
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          <isin value="US01728RPR48"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99185.87000000</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>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
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          <isin value="US373384Z662"/>
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        <valUSD>134999.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Pinecrest Academy of Northern Nevada Project, Series 2022A</title>
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          <maturityDt>2029-07-15</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>North Carolina Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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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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        <title>Clovis Unified School District</title>
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        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
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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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        <name>Illinois Finance Authority</name>
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        <name>Wildwood Utility Dependent District</name>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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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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          <maturityDt>2027-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Murfreesboro TN</name>
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        <valUSD>792099.26000000</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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ohio Water Development Authority</name>
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        <title>Ohio Water Development Authority</title>
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          <isin value="US67765QHK58"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <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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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>0.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Northwest Independent School District</name>
        <lei>N/A</lei>
        <title>Northwest Independent School District</title>
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          <isin value="US667826CQ22"/>
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        <valUSD>3988314.73000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Los Angeles Department of Water &amp; Power</name>
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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>2029-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <title>North Carolina Capital Facilities Finance Agency, High Point University</title>
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        <valUSD>965512.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Weber Basin Water Conservancy District</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Mater Academy Miami-Dade Osceola County Facilities, Series 2022A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Municipal Finance Authority</name>
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        <title>California Municipal Finance Authority, Lutheran University</title>
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        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
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        <name>Trinity River Authority</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
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        <name>University of Colorado</name>
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        <title>University of Colorado, Enterprise System, Series 2021C-3B</title>
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          <isin value="US91417NDA00"/>
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        <name>Camden County Improvement Authority (The)</name>
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        <name>New York State Thruway Authority</name>
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        <name>Public Finance Authority</name>
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          <maturityDt>2029-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port of Seattle WA</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Hillsborough County Industrial Development Authority</name>
        <lei>N/A</lei>
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          <couponKind>Variable</couponKind>
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        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
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        <name>Florida Development Finance Corp.</name>
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        <name>Silver Bow County School District No. 1</name>
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        <name>Rampart Range Metropolitan District No. 5</name>
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        <name>Salem Hospital Facility Authority</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>California Public Finance Authority</name>
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      <invstOrSec>
        <name>San Antonio Education Facilities Corp.</name>
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          <isin value="US796247DX95"/>
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        <fairValLevel>2</fairValLevel>
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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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        <fairValLevel>2</fairValLevel>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
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          <isin value="US613603YW39"/>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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      <invstOrSec>
        <name>Western Michigan University</name>
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          <isin value="US958638XU71"/>
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          <maturityDt>2036-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>Pinal County Electric District No. 3</name>
        <lei>N/A</lei>
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          <isin value="US722021CE06"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>District of Columbia</name>
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          <isin value="US25476FUC03"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>426739.72000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mission Viejo Community Development Financing Authority</name>
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          <isin value="US60519NCN57"/>
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        <name>City of New York NY</name>
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          <isin value="US64966MRW19"/>
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        <name>Borough of Matanuska-Susitna AK</name>
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          <isin value="US576553BS98"/>
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        <name>New Hampshire Business Finance Authority</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority, St Luke's Hospital</title>
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          <isin value="US63609XAN03"/>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Aviation</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Dominion Water &amp; Sanitation District</name>
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        <name>County of Marion OR</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Lake Ridge School Building Corp.</name>
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        <name>Broward County FL Water &amp; Sewer Utility Revenue</name>
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      <invstOrSec>
        <name>Los Angeles County Public Works Financing Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of Montgomery MD</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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          <isin value="US917467CF77"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-10-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Health Care Facilities Authority of Sayre</name>
        <lei>N/A</lei>
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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>2024-12-01</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Duluth Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US26444VAD29"/>
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        <curCd>USD</curCd>
        <valUSD>95761.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bexar County Hospital District</name>
        <lei>N/A</lei>
        <title>Bexar County Hospital District</title>
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          <isin value="US088365FN69"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Polk School District</name>
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        <title>Polk County School District, Sales Tax</title>
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        <valUSD>337491.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Minnesota Municipal Gas Agency</name>
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          <isin value="US60406UAL17"/>
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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>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <title>Wisconsin Health &amp; Educational Facilities Authority, Marquette University</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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        <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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          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utility Debt Securitization Authority</name>
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        <title>Utility Debt Securitization Authority</title>
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          <maturityDt>2041-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Township of Hampton PA</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Central Plains Energy Project</name>
        <lei>SVQOT7V5CPLIGNP5BE29</lei>
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        <name>Town of Stafford CT</name>
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        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
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        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., IDEA Florida, Inc.</title>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2029-06-15</maturityDt>
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        <name>Capital Trust Agency, Inc.</name>
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        <title>Capital Trust Agency, Inc., Legends Academy Project</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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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>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Public Finance Authority</name>
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          <isin value="US74442PWM30"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority, Smith Crossing</title>
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          <isin value="US45204FPS82"/>
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        <balance>135000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>118643.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
        <lei>N/A</lei>
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          <isin value="US126292AQ42"/>
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        <curCd>USD</curCd>
        <valUSD>141490.58000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.65000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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        <title>Build NYC Resource Corp., New World Preparatory Charter School Project, Series 2021A</title>
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          <isin value="US12008ERQ16"/>
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        <curCd>USD</curCd>
        <valUSD>134329.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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        <title>Massachusetts Development Finance Agency, Salem Community Corp.</title>
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          <isin value="US57584Y2W89"/>
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        <curCd>USD</curCd>
        <valUSD>87867.56000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Scotland Health Care System, Series 2021A</title>
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          <isin value="US74444KCC62"/>
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        <balance>695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>711392.13000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Briggs Elementary School District</name>
        <lei>N/A</lei>
        <title>Briggs Elementary School District</title>
        <cusip>109066CW8</cusip>
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          <isin value="US109066CW83"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5085.02000000</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>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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="US20282EAG17"/>
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        <curCd>USD</curCd>
        <valUSD>392385.11000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Savannah Economic Development Authority</name>
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        <assetCat>DBT</assetCat>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Duplin NC</name>
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          <maturityDt>2029-06-01</maturityDt>
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        <name>Utah Charter School Finance Authority</name>
        <lei>N/A</lei>
        <title>Utah Charter School Finance Authority, Wallace Stegner Academy</title>
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          <isin value="US91754TS533"/>
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          <maturityDt>2032-06-15</maturityDt>
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        <name>State of Illinois</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>City &amp; County of Denver CO Airport System Revenue</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US207758M832"/>
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          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>State of Colorado</name>
        <lei>N/A</lei>
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          <isin value="US196711TR61"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
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          <isin value="US546399NE26"/>
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        <curCd>USD</curCd>
        <valUSD>257804.43000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990ACS24"/>
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        <curCd>USD</curCd>
        <valUSD>1016520.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Denton Independent School District</name>
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          <isin value="US249002GX89"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>503086.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Loving Municipal School District No. 10</name>
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          <isin value="US547413DW18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Georgia Ports Authority</name>
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          <isin value="US373586HV17"/>
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          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of New York NY</name>
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          <isin value="US64966QVL12"/>
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        <balance>1000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <curCd>USD</curCd>
        <valUSD>5926794.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Fund, Graphic Packaging International, LLC Coated Recycled Board Machine Project</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2061-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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      <invstOrSec>
        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
        <title>Central Texas Regional Mobility Authority, Senior Lien, Series 2021D</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York Liberty Development Corp.</name>
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          <isin value="US649519EQ46"/>
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          <maturityDt>2041-02-15</maturityDt>
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        <name>Waterview II Metropolitan District</name>
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          <isin value="US94222GAA76"/>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>California Enterprise Development Authority</name>
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        <name>Public Finance Authority</name>
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        <title>Public Finance Authority, Roseman University of Health</title>
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        <name>Windler Public Improvement Authority</name>
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        <name>Michigan Finance Authority</name>
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        <title>Michigan Finance Authority, Lawrence Technological University</title>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Macombs Facility Project, Series 2021A</title>
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        <assetCat>DBT</assetCat>
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        <name>Yamhill County Hospital Authority</name>
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      <invstOrSec>
        <name>Loving Municipal School District No. 10</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Broome County Local Development Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Albany-Dougherty Inner City Authority</name>
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        <title>Albany-Dougherty Inner City Authority, USG Real Estate Foundation XI LLC</title>
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          <maturityDt>2032-07-01</maturityDt>
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      <invstOrSec>
        <name>Kentucky Bond Development Corp.</name>
        <lei>N/A</lei>
        <title>Kentucky Bond Development Corp., Centre College</title>
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          <isin value="US49120ABA60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority, Northwestern Memorial Healthcare</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>County of El Paso TX</name>
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      <invstOrSec>
        <name>St. Johns County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>St Johns County Industrial Development Authority, Life Care Ponte Vedra, Series 2021A</title>
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          <isin value="US79041LAJ70"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <title>Health &amp; Educational Facilities Authority of the State of Missouri, Lake Regional Health System</title>
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          <isin value="US60637AUP55"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-15</maturityDt>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Greeley CO</name>
        <lei>N/A</lei>
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        <name>North Texas Tollway Authority</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health &amp; Educational Facilities Authority of the State of Missouri, Lake Regional Health System</title>
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          <isin value="US60637AUL42"/>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Washington and Jane Smith Community - Orland Park</title>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Triad Math &amp; Science Academy Co.</title>
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          <isin value="US74442EHM57"/>
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        <name>San Francisco Bay Area Rapid Transit District Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>San Francisco Bay Area Rapid Transit District, Sales Tax, Series A</title>
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          <isin value="US797669WA21"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, DePauw University</title>
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          <isin value="US45470ECM57"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
        <title>Florida Higher Educational Facilities Financial Authority, Rollins College Project</title>
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          <isin value="US34073TNK96"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Turnpike Commission Oil Franchise Tax Revenue</name>
        <lei>N/A</lei>
        <title>Pennsylvania Turnpike Commission Oil Franchise Tax, Series 2021B</title>
        <cusip>709221WE1</cusip>
        <identifiers>
          <isin value="US709221WE15"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Community Choice Financing Authority</name>
        <lei>549300X8VKJ215S2R571</lei>
        <title>California Community Choice Financing Authority, Clean Energy Project</title>
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          <isin value="US13013JAP12"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine Municipal Bond Bank</name>
        <lei>N/A</lei>
        <title>Maine Municipal Bond Bank</title>
        <cusip>56045R3X5</cusip>
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          <isin value="US56045R3X50"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>867673.52000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <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>
        <cusip>20282EAJ5</cusip>
        <identifiers>
          <isin value="US20282EAJ55"/>
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        <balance>880000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>920085.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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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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        <balance>1150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1234776.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vista Unified School District</name>
        <lei>N/A</lei>
        <title>Vista Unified School District</title>
        <cusip>928346QL2</cusip>
        <identifiers>
          <isin value="US928346QL28"/>
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        <balance>1225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1320253.31000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Main Street Natural Gas, Inc.</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
        <title>Main Street Natural Gas, Inc., Gas Supply, Series 2021A</title>
        <cusip>56035DDH2</cusip>
        <identifiers>
          <isin value="US56035DDH26"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>966065.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health &amp; Educational Facilities Authority of the State of Missouri, Lake Regional Health System</title>
        <cusip>60637AUN0</cusip>
        <identifiers>
          <isin value="US60637AUN08"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>508224.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp., Secured by Port Authority</title>
        <cusip>649519ER2</cusip>
        <identifiers>
          <isin value="US649519ER29"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>657694.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Loving Municipal School District No. 10</name>
        <lei>N/A</lei>
        <title>Loving Municipal School District No. 10</title>
        <cusip>547413DX9</cusip>
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          <isin value="US547413DX90"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>317428.86000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission, Bitter Lake Village Associates 1 LP</title>
        <cusip>93978PJU2</cusip>
        <identifiers>
          <isin value="US93978PJU21"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>250000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.21999935</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>University of North Carolina at Chapel Hill</name>
        <lei>N/A</lei>
        <title>University of North Carolina at Chapel Hill, Hospitals</title>
        <cusip>91471FAX3</cusip>
        <identifiers>
          <isin value="US91471FAX33"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>575000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.62000140</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSCDA Community Improvement Authority</name>
        <lei>N/A</lei>
        <title>CSCDA Community Improvement Authority, Essential Housing, Orange Portfolio</title>
        <cusip>126292BA8</cusip>
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          <isin value="US126292BA80"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1011053.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
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          <annualizedRt>2.80000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Henderson KY</name>
        <lei>549300UJ32J1O26W1T80</lei>
        <title>City of Henderson, Series 2022B</title>
        <cusip>425099AD0</cusip>
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          <isin value="US425099AD06"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>419938.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority, North Texas Tollway System</title>
        <cusip>66285WUX2</cusip>
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          <isin value="US66285WUX28"/>
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        <balance>550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>575610.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Chicago IL Waterworks Revenue</name>
        <lei>N/A</lei>
        <title>City of Chicago, Waterworks, Second Lien</title>
        <cusip>167736A98</cusip>
        <identifiers>
          <isin value="US167736A989"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400000.00000000</valUSD>
        <pctVal>0.080162724310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>City of Memphis TN Electric System Revenue</name>
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          <isin value="US586158PV38"/>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Houston TX Airport System Revenue</name>
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          <isin value="US442349GA89"/>
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          <maturityDt>2041-07-15</maturityDt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-05-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>N/A</name>
        <lei>N/A</lei>
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              <counterpartyName>LCH Clearnet</counterpartyName>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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          <isin value="US64542QCE17"/>
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        <name>Savannah Economic Development Authority</name>
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        <name>Kentucky Bond Development Corp.</name>
        <lei>N/A</lei>
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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>City of New York NY</name>
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        <name>Loving Municipal School District No. 10</name>
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        <name>Allegheny County Higher Education Building Authority</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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          <isin value="US888808HC92"/>
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      <invstOrSec>
        <name>Florida Atlantic University Finance Corp.</name>
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        <name>State of California</name>
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        <name>County of Cabarrus NC</name>
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        <name>San Francisco City &amp; County Airport Commission San Francisco International Airport</name>
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      <invstOrSec>
        <name>JPMorgan Institutional Tax Free Money Market Fund</name>
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        <issuerCat>RF</issuerCat>
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        <name>Military Installation Development Authority</name>
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          <isin value="US599772AD28"/>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
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      <invstOrSec>
        <name>City of Pompano Beach FL</name>
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        <name>Arizona Board of Regents</name>
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        <name>State of Illinois</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Massachusetts Health &amp; Educational Facilities Authority</name>
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        <name>Oklahoma Turnpike Authority</name>
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        <name>City of Fort Smith AR Water &amp; Sewer Revenue</name>
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        <name>Baytown Municipal Development District</name>
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        <name>N/A</name>
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        <title>USCPI</title>
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        <name>Sales Tax Asset Receivable Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>City of Alexandria LA Utilities Revenue</name>
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        <name>Kentucky Public Energy Authority</name>
        <lei>N/A</lei>
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        <name>Public Finance Authority</name>
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          <isin value="US544495D683"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Convention Center Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US649451GW53"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-11-15</maturityDt>
          <couponKind>None</couponKind>
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        <name>Los Angeles Department of Water &amp; Power</name>
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          <isin value="US544495Y994"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Wastewater Utility</title>
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          <isin value="US45505MJL19"/>
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        <balance>380000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Local Government Environmental Facilities &amp; Community Development Authority</name>
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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>Linn &amp; Benton Counties School District No. 8J Greater Albany</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tri-County Metropolitan Transportation District of Oregon</name>
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        <name>Sanger Unified School District</name>
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        <name>State of Illinois</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Public Finance Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Mida Golf and Equestrian Center Public Infrastructure District</name>
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        <name>State of California</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
        <lei>25490090A3RLJHITY273</lei>
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        <name>Orange County Community Facilities District</name>
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        <name>Camden County Improvement Authority (The)</name>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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          <isin value="US207758J879"/>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74442EHF07"/>
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          <maturityDt>2024-06-15</maturityDt>
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      <invstOrSec>
        <name>Borough of Bergenfield NJ</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-08-01</maturityDt>
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      <invstOrSec>
        <name>San Joaquin County Transportation Authority Measure K Sales Tax Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Gulf Coast University Financing Corp.</name>
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          <isin value="US34073XGF96"/>
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          <maturityDt>2032-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Long Island Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
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        <name>Arapahoe County School District No. 5 Cherry Creek</name>
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        <name>Alabama Public School and College Authority</name>
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        <name>Lower Neches Valley Authority Industrial Development Corp.</name>
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        <name>Ohio Higher Educational Facility Commission</name>
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        <name>Iowa Finance Authority</name>
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        <name>Onekama Consolidated Schools</name>
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        <name>Allegheny County Higher Education Building Authority</name>
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        <name>City of Austin TX Airport System Revenue</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>City of San Luis AZ</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Lafayette Public Power Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>City of Portland OR Sewer System Revenue</name>
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        <name>City of Sedona AZ Excise Tax Revenue</name>
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        <name>Ohio Water Development Authority</name>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>Fort Wayne Community School Building Corp.</name>
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        <name>Washington Suburban Sanitary Commission</name>
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        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
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        <name>Salem Hospital Facility Authority</name>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Allegheny County Higher Education Building Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>City of Culver City CA Wastewater Revenue</name>
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        <name>Loving Municipal School District No. 10</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>County of Boone KY</name>
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        <name>Fort Wayne Redevelopment Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-06-01</maturityDt>
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          <annualizedRt>1.75000000</annualizedRt>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <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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          <isin value="US67868UFX63"/>
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        <curCd>USD</curCd>
        <valUSD>523495.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
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          <isin value="US93978HUR47"/>
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        <curCd>USD</curCd>
        <valUSD>1568815.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Maryland</name>
        <lei>N/A</lei>
        <title>State of Maryland</title>
        <cusip>574193UU0</cusip>
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          <isin value="US574193UU01"/>
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        <balance>590000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Oregon</name>
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          <isin value="US68609B5V53"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400000.00000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.63999975</annualizedRt>
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      <invstOrSec>
        <name>County of Pima AZ</name>
        <lei>N/A</lei>
        <title>County of Pima</title>
        <cusip>721882EP9</cusip>
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          <isin value="US721882EP92"/>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4992.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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          <isin value="US20282EAH99"/>
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        <curCd>USD</curCd>
        <valUSD>519665.05000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
        <title>Washington State Housing Finance Commission, Rockwood Retirement Communities Project, Series 2020A</title>
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          <isin value="US939783C950"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp., State Sales Tax</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lompoc Valley Medical Center</name>
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        <title>Lompoc Valley Medical Center</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Clayton County Development Authority</name>
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        <title>Clayton County Development Authority, Clayton State University</title>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Summit OH</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Clark NV</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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        <title>Metropolitan Washington Airports Authority Dulles Toll Road</title>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Educational Facilities, River City Science Academy Projects, Series 2022B</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45204FST39"/>
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        <balance>200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2027-11-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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          <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>508509.70000000</valUSD>
        <pctVal>0.101908807225</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>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust I</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
