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        <name>OKALOOSA CNTY FLA</name>
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        <name>HEIGHTS COMMUNITY DEVELOPMENT DISTRICT (THE) (FL)</name>
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        <name>IOWA FIN AUTH</name>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)</name>
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        <name>GARDENS AT HAMMOCK BEACH CMNTY DEV DIST FLA</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>CCP MET DIST NO 3 COLO</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-12-01</maturityDt>
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        <name>GUAM GOVERNMENT WATERWORKS AUTHORITY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>DELAWARE ST HEALTH FACS AUTH</name>
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        <name>HOUSTON TEX</name>
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        <name>WEST MEADOW MET DIST COLO</name>
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        <name>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (VA)</name>
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        <name>EDGEWATER EAST COMMUNITY DEVELOPMENT DISTRICT (FL)</name>
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        <name>HARRIS COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORP (TX)</name>
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        <name>CROSSINGS CMNTY DEV DIST FLA</name>
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        <name>CAPITAL TR AUTH FLA</name>
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        <name>LINCOLNWOOD ILL</name>
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        <name>HAMILTON (OH), COUNTY OF</name>
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        <name>OMAHA NEB ARPT AUTH</name>
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        <name>DUTCHESS CNTY N Y LOC DEV CORP</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP</name>
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        <name>LANTERNS MET DIST NO 3 COLO</name>
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        <name>PUBLIC FINANCE AUTHORITY (WI)</name>
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        <name>A.B. WON PAT INTERNATIONAL AIRPORT AUTHORITY</name>
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        <name>BLACK DESERT PUBLIC INFRASTRUCTURE DISTRICT (UT)</name>
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        <name>NATIONAL FIN AUTH N H</name>
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        <name>MATTAWAN MICH CONS SCH DIST</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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        <name>LOWRY CROSSING TEX</name>
        <lei>N/A</lei>
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          <isin value="US54877WAC01"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-15</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>LAVON TEX</name>
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          <isin value="US51946PCG72"/>
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        <name>PORT GTR CINCINNATI DEV AUTH OHIO</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>SHAWNEE COUNTY PUBLIC BUILDING COMMISSION (KS)</name>
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          <isin value="US820561BA58"/>
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        <balance>175000.00000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>COOK CNTY ILL</name>
        <lei>N/A</lei>
        <title>IL COOMFH 6.5 01/01/2045</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>MOBILE INDUSTRIAL DEVELOPMENT BOARD (AL)</name>
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        <balance>5000000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
          <annualizedRt>3.43000000</annualizedRt>
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        <name>BRIDGEVILLE (DE), TOWN OF</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>HEMPSTEAD TOWN N Y LOC DEV CORP</name>
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        <name>PENNSYLVANIA HOUSING FINANCE AGENCY (PA)</name>
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        <name>APPLE VALLEY MINN</name>
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        <name>ANNA TEX</name>
        <lei>N/A</lei>
        <title>TX ANNGEN 5.35 09/15/2046</title>
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          <maturityDt>2046-09-15</maturityDt>
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        <name>PUBLIC FINANCE AUTHORITY (WI)</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>WI PUBFIN 5 11/15/2041</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>CONNERTON EAST CMNTY DEV DIST FLA</name>
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        <name>WEST VLGS IMPT DIST FLA</name>
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        <name>CHICAGO PARK DISTRICT (IL)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>TROUT CREEK COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (CA)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>COLUMBIA CNTY GA HOSP AUTH</name>
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        <name>NATIONAL FIN AUTH N H</name>
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        <name>AMERICAN AIRLINES INC</name>
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        <name>MISSION TEX ECONOMIC DEVELOPMENT CORP</name>
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        <name>TEMPE ARIZ INDL DEV AUTH</name>
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        <name>REUNION EAST COMMUNITY DEVELOPMENT DISTRICT (FL)</name>
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        <name>CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY (CA)</name>
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        <name>SAINT JAMES (LA), PARISH OF</name>
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        <name>ST. LOUIS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (MO)</name>
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        <name>BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL)</name>
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        <name>PUERTO RICO, COMMONWEALTH OF</name>
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        <fairValLevel>2</fairValLevel>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY (THE) (AZ)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>POWHATAN COUNTY ECONOMIC DEVELOPMENT AUTHORITY (VA)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>KANSAS CITY MO INDL DEV AUTH</name>
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        <name>NATIONAL FIN AUTH N H</name>
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        <name>GEISINGER AUTHORITY</name>
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        <name>BLACK BELT ENERGY GAS DISTRICT (THE) (AL)</name>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MA)</name>
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        <name>SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)</name>
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        <name>KYLE TEX</name>
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        <name>PHILADELPHIA PA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VERMONT ECONOMIC DEV AUTH</name>
        <lei>N/A</lei>
        <title>VT VTSPOL 04/01/2036</title>
        <cusip>924157AA8</cusip>
        <identifiers>
          <isin value="US924157AA83"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>WARREN CNTY OHIO</name>
        <lei>N/A</lei>
        <title>OH WARMED 5 05/15/2049</title>
        <cusip>935158BE4</cusip>
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          <isin value="US935158BE42"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-05-15</maturityDt>
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      <invstOrSec>
        <name>TEMPE ARIZ INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>AZ TEMDEV 5.62 12/01/2055</title>
        <cusip>87972MBZ4</cusip>
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          <isin value="US87972MBZ41"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>WESTVIEW SOUTH CMNTY DEV DIST FLA</name>
        <lei>N/A</lei>
        <title>FL WVSDEV 5.38 05/01/2043</title>
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          <isin value="US961566AB22"/>
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        <balance>1225000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>WISCONSIN ST HEALTH &amp; EDL FACS AUTH</name>
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        <title>WI WISMED 5.38 06/01/2050</title>
        <cusip>97712JSA2</cusip>
        <identifiers>
          <isin value="US97712JSA24"/>
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        <balance>950000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>CELEBRATION POINTE CMNTY DEV DIST NO 1 FLA</name>
        <lei>N/A</lei>
        <title>FL CPNDEV 4 05/01/2053</title>
        <cusip>15102HAK3</cusip>
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          <isin value="US15102HAK32"/>
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      <invstOrSec>
        <name>GEISINGER AUTHORITY</name>
        <lei>N/A</lei>
        <title>PA GEIMED 4 02/15/2047</title>
        <cusip>368497HQ9</cusip>
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          <isin value="US368497HQ95"/>
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        <balance>1080000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>PORT GTR CINCINNATI DEV AUTH OHIO</name>
        <lei>549300IK2RCZBY62ST97</lei>
        <title>OH PRTDEV 3.75 12/01/2031</title>
        <cusip>734195BQ2</cusip>
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          <isin value="US734195BQ24"/>
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        <balance>320000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CALIFORNIA MUNICIPAL FINANCE AUTHORITY (CA)</name>
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        <title>CA CASFIN 5.38 11/01/2045</title>
        <cusip>13048V3F3</cusip>
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          <isin value="US13048V3F35"/>
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        <balance>775000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>SAINT PAUL HOUSING AND REDEVELOPMENT AUTHORITY (MN)</name>
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        <name>CROSSWINDS EAST CMNTY DEV DIST FLA</name>
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        <title>FL CEADEV 5.75 05/01/2054</title>
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        <name>ATLANTA DEVELOPMENT AUTHORITY (THE) (GA)</name>
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        <name>WINROCK TOWN CENTER (NM)</name>
        <lei>N/A</lei>
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        <name>PARKLAND PRESV CMNTY DEV DIST FLA</name>
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          <isin value="US701403AC10"/>
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        <name>POUDRE HEIGHTS VY MET DIST COLO</name>
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          <isin value="US73856AAA79"/>
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        <name>FULTON COUNTY DEVELOPMENT AUTHORITY (GA)</name>
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        <name>FLORIDA DEV FIN CORP</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>FL FLSMED 5 08/01/2047</title>
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        <name>KYLE TEX</name>
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        <name>NORTH PKWY MUN MGMT DIST NO 1 TEX</name>
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        <name>CSCDA COMMUNITY IMPROVEMENT AUTHORITY (CA)</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP</name>
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        <name>POMPANO BEACH FLA</name>
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        <name>IDAHO FALLS IDAHO AUD DIST</name>
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        <name>MARICOPA CNTY ARIZ INDL DEV AUTH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>SAINT PAUL HOUSING AND REDEVELOPMENT AUTHORITY (MN)</name>
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        <name>HENDERSON NEV LOC IMPT DISTS</name>
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        <name>PUBLIC FINANCE AUTHORITY (WI)</name>
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        <name>MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY (PA)</name>
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        <name>MAIN STREET NATURAL GAS INC (GA)</name>
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        <name>BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL)</name>
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        <name>NORMANDY CMNTY DEV DIST FLA</name>
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        <name>COLORADO HEALTH FACILITIES AUTHORITY (CO)</name>
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        <name>NATIONAL FIN AUTH N H</name>
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        <name>UTAH TRANSIT AUTHORITY (UT)</name>
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        <name>FRANKLIN (OH), COUNTY OF</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>MONONGALIA CNTY W VA</name>
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        <name>SALT LAKE CITY UTAH</name>
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        <name>DALLAS CENTER GRIMES COMMUNITY SCHOOL (IA)</name>
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        <name>EAST WALLER CNTY MGMT DIST TEX</name>
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        <name>WAKARA RIDGE PUB INFRASTRUCTURE DIST UTAH</name>
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        <name>MANGROVE PT &amp; MANGROVE MANOR CMNTY DEV DIST FLA</name>
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        <name>BABCOCK RANCH COMMUNITY INDEPENDENT SPECIAL DISTRICT (FL)</name>
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        <name>LANGLEY SOUTH COMMUNITY DEVELOPMENT DISTRICT (FL)</name>
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        <name>PALISADE COLO MET DIST NO 2</name>
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        <name>MOUNTAIN BROOK MET DIST COLO</name>
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        <name>TANEY CNTY MO INDL DEV AUTH</name>
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        <name>COLUMBUS REGIONAL AIRPORT AUTHORITY (OH)</name>
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        <name>NATIONAL FIN AUTH N H</name>
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        <name>MISSOURI ST HEALTH &amp; EDL FACS AUTH</name>
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        <name>MARBLE FALLS TEX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>LOUISIANA PUBLIC FACILITIES AUTHORITY (LA)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MARYLAND ST HEALTH &amp; HIGHER EDL FACS AUTH</name>
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        <name>VIRGINIA BEACH VA DEV AUTH</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>MINNEAPOLIS &amp; ST PAUL MINN MET ARPTS COMMN</name>
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        <name>MILITARY INSTALLATION DEVELOPMENT AUTHORITY (UT)</name>
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        <name>MISSOURI STATE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY (MO)</name>
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        <name>SHELBY COUNTY HEALTH EDUCATIONAL &amp; HOUSING FACILITY BOARD (TN)</name>
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        <name>MAYOR AND CITY COUNCIL OF BALTIMORE (MD)</name>
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        <name>OLD HICKORY CMNTY DEV DIST FLA</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VIRGINIA BEACH CITY DEVELOPMENT AUTHORITY (VA)</name>
        <lei>N/A</lei>
        <title>VA VBHDEV 7 09/01/2053</title>
        <cusip>92774NBB5</cusip>
        <identifiers>
          <isin value="US92774NBB55"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2191001.40000000</valUSD>
        <pctVal>0.230525643013</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY (SC)</name>
        <lei>5493006X47I9VG3DL112</lei>
        <title>SC SCSMED 5.5 11/15/2044</title>
        <cusip>83704HAL1</cusip>
        <identifiers>
          <isin value="US83704HAL15"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1035888.80000000</valUSD>
        <pctVal>0.108990770937</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAYOR AND CITY COUNCIL OF BALTIMORE (MD)</name>
        <lei>5493006QYFB72E0IOO54</lei>
        <title>MD BALGEN 3.05 06/01/2028</title>
        <cusip>05923TCJ6</cusip>
        <identifiers>
          <isin value="US05923TCJ60"/>
        </identifiers>
        <balance>185000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182731.57000000</valUSD>
        <pctVal>0.019226054658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OKALOOSA CNTY FLA</name>
        <lei>N/A</lei>
        <title>FL OKADEV 5.5 05/15/2045</title>
        <cusip>678226AB7</cusip>
        <identifiers>
          <isin value="US678226AB73"/>
        </identifiers>
        <balance>1240000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1278837.67000000</valUSD>
        <pctVal>0.134552573168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HALIFAX HOSPITAL MEDICAL CENTER (FL)</name>
        <lei>549300H6HDJUXLEMUW23</lei>
        <title>FL HALMED 5 06/01/2036</title>
        <cusip>405815LG4</cusip>
        <identifiers>
          <isin value="US405815LG47"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2001885.40000000</valUSD>
        <pctVal>0.210627852211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BRIDGEWATER NORTH CMNTY DEV DIST FLA</name>
        <lei>N/A</lei>
        <title>FL BNCDEV 4 05/01/2042</title>
        <cusip>10865PAC1</cusip>
        <identifiers>
          <isin value="US10865PAC14"/>
        </identifiers>
        <balance>1710000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1529639.80000000</valUSD>
        <pctVal>0.160940654110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUERTO RICO SALES TAX FINANCING CORP</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>PR PRCGEN 4.55 07/01/2040</title>
        <cusip>74529JPV1</cusip>
        <identifiers>
          <isin value="US74529JPV16"/>
        </identifiers>
        <balance>1170000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1171773.60000000</valUSD>
        <pctVal>0.123287854862</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COLORADO HEALTH FACILITIES AUTHORITY (CO)</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>CO COSMED 5 01/01/2037</title>
        <cusip>19648FAZ7</cusip>
        <identifiers>
          <isin value="US19648FAZ71"/>
        </identifiers>
        <balance>1400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1402213.82000000</valUSD>
        <pctVal>0.147533562734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY COUNTY HOSPITAL DEVELOPMENT AUTHORITY (PA)</name>
        <lei>54930046B973R604OG22</lei>
        <title>PA ALLMED 5 04/01/2047</title>
        <cusip>01728A4A1</cusip>
        <identifiers>
          <isin value="US01728A4A18"/>
        </identifiers>
        <balance>1855000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1866982.19000000</valUSD>
        <pctVal>0.196434046022</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-04-01</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>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-06-23</ncom:dateSigned>
      <ncom:nameOfApplicant>First Trust Exchange-Traded Fund III</ncom:nameOfApplicant>
      <ncom:signature>Derek Maltbie</ncom:signature>
      <ncom:signerName>Derek Maltbie</ncom:signerName>
      <ncom:title>Treasurer, Chief Financial Officer and Chief Accounting Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
