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        <name>NAPA VLY CA UNIF SCH DIST</name>
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        <name>DETROIT MI SWR DISP SYS REVENU</name>
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        <name>LA JOYA TX INDEP SCH DIST</name>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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        <name>WARRIOR RUN PA SCH DIST MONTOU</name>
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        <name>Fidelity Treasury Only Portfolio</name>
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        <name>DIXON CA UNIF SCH DIST</name>
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        <name>WEST KERN CA CMNTY CLG DIST CO</name>
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        <name>CRAWFORD IL HOSP DIST</name>
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      <invstOrSec>
        <name>EUCLID OH CITY SCH DIST COPS</name>
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          <maturityDt>2039-12-01</maturityDt>
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      <invstOrSec>
        <name>S WSTRN CA CMNTY CLG DIST</name>
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          <maturityDt>2021-01-15</maturityDt>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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          <isin value="US103707BB04"/>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VANPORT TWP PA MUNI AUTH SWR R</name>
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          <maturityDt>2021-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ARLINGTON TX SPL TAX REVENUE</name>
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          <isin value="US04184RBQ20"/>
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          <maturityDt>2038-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>KENTUCKY ST ASSET/LIABILITY CO</name>
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          <isin value="US491189EG77"/>
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        <curCd>USD</curCd>
        <valUSD>127995.40000000</valUSD>
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          <maturityDt>2025-11-01</maturityDt>
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          <annualizedRt>1.01000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ERIE PA SWR AUTH</name>
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          <isin value="US295533QD82"/>
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        <curCd>USD</curCd>
        <valUSD>589057.60000000</valUSD>
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          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>KENTUCKY ST ASSET/LIABILITY CO</name>
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          <isin value="US491189EF94"/>
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        <curCd>USD</curCd>
        <valUSD>997170.00000000</valUSD>
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          <maturityDt>2021-11-01</maturityDt>
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          <annualizedRt>0.98000000</annualizedRt>
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        <name>ALTOONA IA</name>
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          <isin value="US021753XZ64"/>
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          <maturityDt>2024-06-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>RIVERSIDE CNTY CA REDEV SUCCES</name>
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          <isin value="US76913AGN72"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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          <isin value="US74514LD200"/>
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        <curCd>USD</curCd>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>NORTH POCONO PA SCH DIST</name>
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          <isin value="US661684QP88"/>
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        <name>COMPTON CA UNIF SCH DIST COPS</name>
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        <name>GROSSMONT CA HLTHCARE DIST</name>
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          <maturityDt>2032-07-15</maturityDt>
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        <name>NEW ORLEANS LA AVIATION BRD SP</name>
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        <name>CONOTTON VLY OH UN LOCAL SCH D</name>
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        <name>CAMPBELL CNTY TN</name>
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        <name>ONTARIO CA MONTCLAIR SCH DIST</name>
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        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>MISSISSIPPI ST DEV BANK SPL OB</name>
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      <invstOrSec>
        <name>KLICKITAT CNTY WA PUBLIC UTILI</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LONG BRANCH NJ BRD OF EDU</name>
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        <name>RENO NV CAPITAL IMPT REVENUE</name>
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        <name>NIAGARA FALLS NY CITY SCH DIST</name>
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        <name>NEW BRITAIN CT</name>
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        <name>CUPERTINO CA UNION SCH DIST</name>
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        <name>CAPE CORAL FL UTILITY IMPT ASS</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <maturityDt>2023-12-15</maturityDt>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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          <isin value="US74381MCP86"/>
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          <maturityDt>2035-09-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CHICAGO IL WSTWTR TRANSMISSION</name>
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        <name>MASSACHUSETTS ST SPL OBLG DEDI</name>
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          <isin value="US576002BH15"/>
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        <name>NORTH CAROLINA ST TURNPIKE AUT</name>
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        <name>MASSACHUSETTS ST</name>
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          <isin value="US57582PCV04"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-05-01</maturityDt>
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        <name>SAN LEANDRO CA UNIF SCH DIST</name>
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        <name>OYSTER BAY NY</name>
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        <name>STATE PUBLIC SCH BLDG AUTH PA</name>
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        <name>SOUTH SLOANS LAKE MET DIST #2</name>
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        <name>GUADALUPE CA UNION SCH DIST</name>
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        <name>UNIV OF CENTRAL ARKANSAS AR RE</name>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI STUDENT HSG</name>
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          <maturityDt>2040-07-01</maturityDt>
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      <invstOrSec>
        <name>GLOUCESTER CNTY NJ IMPT AUTH</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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          <isin value="US52109HJS31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>SHREVEPORT LA WTR &amp; SWR REVENU</name>
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          <isin value="US825485WM36"/>
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        <curCd>USD</curCd>
        <valUSD>630220.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
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          <isin value="US767000EZ17"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-12-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N TX TOLLWAY AUTH REVENUE</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
        <title>North Texas Tollway Authority</title>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HAYWARD CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Hayward Unified School District</title>
        <cusip>4212904T1</cusip>
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          <isin value="US4212904T17"/>
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        <balance>570000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRAND JUNCTION CO REGL ARPT AU</name>
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          <isin value="US385785AG57"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>609780.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
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      <invstOrSec>
        <name>STATE PUBLIC SCH BLDG AUTH PA</name>
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          <isin value="US85732GTQ37"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
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        <name>VAUXMONT MET DIST CO</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-15</maturityDt>
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        <name>COOK CNTY IL SCH DIST #94</name>
        <lei>N/A</lei>
        <title>Cook County School District No 94</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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        <name>RACINE WI WTRWKS REVENUE</name>
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          <isin value="US750055MF94"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2030-09-01</maturityDt>
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        <name>ABAG CA FIN AUTH FOR NONPROFIT</name>
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        <title>Abag Finance Authority for Nonprofit Corps</title>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <title>Chicago Board of Education</title>
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        <name>S JERSEY NJ TRANSPRTN AUTH TRA</name>
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        <name>Imperial Community College District</name>
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          <maturityDt>2037-08-01</maturityDt>
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        <name>LAZY NINE TX MUNI UTILITY DIST</name>
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        <name>COATESVILLE PA AREA SCH DIST</name>
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        <name>GRAND RIVER CO HOSP DIST</name>
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      <invstOrSec>
        <name>S W HOUSTON TX REDEV AUTH TAX</name>
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      <invstOrSec>
        <name>PORT NEW ORLEANS LA BRD OF COM</name>
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        <name>WSTRN IL UNIV</name>
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          <isin value="US958366L951"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>CALIFORNIA ST MUNI FIN AUTH ST</name>
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          <isin value="US13049YCM12"/>
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        <name>PARAMOUNT CA UNIF SCH DIST</name>
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        <name>BOZEMAN MT TAX INCR URBAN RENE</name>
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          <isin value="US103707BC86"/>
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      <invstOrSec>
        <name>EUCLID OH CITY SCH DIST COPS</name>
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        <name>S W HOUSTON TX REDEV AUTH TAX</name>
        <lei>N/A</lei>
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          <isin value="US845045BR37"/>
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        <name>OCEANSIDE CA UNIF SCH DIST</name>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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      <invstOrSec>
        <name>NEW BRITAIN CT</name>
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      <invstOrSec>
        <name>LELAND MI PUBLIC SCH DIST</name>
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        <name>BIBB CNTY AL BRD EDU SPL TAX S</name>
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        <name>LA SALLE CNTY TX</name>
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          <isin value="US504678CL54"/>
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        <curCd>USD</curCd>
        <valUSD>636620.00000000</valUSD>
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          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>LA SALLE &amp; BUREAU CNTYS IL TWP</name>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>JURUPA CA PUBLIC FING AUTH SPL</name>
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          <isin value="US482085EB92"/>
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        <name>CALIFORNIA ST MUNI FIN AUTH LO</name>
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          <isin value="US13050NAK72"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-06-01</maturityDt>
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        <name>RUSSELLVILLE AL</name>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>PROVIDENCE RI PUBLIC BLDGS AUT</name>
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          <maturityDt>2036-06-15</maturityDt>
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        <name>NEW YORK ST CONVENTION CENTERD</name>
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        <debtSec>
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          <couponKind>None</couponKind>
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        <name>MADISON MACOUPIN ETC CNTYS ILC</name>
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          <maturityDt>2032-11-01</maturityDt>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH</name>
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        <name>GREATER OUACHITA WTR CO INC LA</name>
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        <name>GRAND RIVER CO HOSP DIST</name>
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        <name>CAMBRIA CNTY PA</name>
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        <name>UNION CNTY IL</name>
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          <isin value="US906179EF93"/>
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      <invstOrSec>
        <name>SALES TAX SECURITIZATION CORP</name>
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          <maturityDt>2037-01-01</maturityDt>
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      <invstOrSec>
        <name>UNIV OF WEST ALABAMA AL UNIV R</name>
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          <isin value="US915235EQ44"/>
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        <valUSD>395482.50000000</valUSD>
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          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>UTAH ST TRANSIT AUTH SALES TAX</name>
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          <isin value="US917565KD47"/>
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        <curCd>USD</curCd>
        <valUSD>306400.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRANDVILLE MI PUBLIC SCH DIST</name>
        <lei>N/A</lei>
        <title>Grandville Public Schools</title>
        <cusip>386892RQ8</cusip>
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          <isin value="US386892RQ88"/>
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        <curCd>USD</curCd>
        <valUSD>242936.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>HARTFORD CT</name>
        <lei>N/A</lei>
        <title>City of Hartford CT</title>
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          <isin value="US416415GV38"/>
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        <curCd>USD</curCd>
        <valUSD>71109.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BIBB CNTY AL BRD EDU SPL TAX S</name>
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          <isin value="US08867MBB19"/>
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        <balance>425000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500569.25000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SANGER CA UNIF SCH DIST</name>
        <lei>N/A</lei>
        <title>Sanger Unified School District</title>
        <cusip>800851LG0</cusip>
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          <isin value="US800851LG02"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278297.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PHILADELPHIA PA SCH DIST</name>
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        <title>School District of Philadelphia/The</title>
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          <isin value="US717883GD83"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>144078.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST ECON DEV AUTH</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority</title>
        <cusip>645916Z67</cusip>
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          <isin value="US645916Z671"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116532.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>ALTOONA IA</name>
        <lei>N/A</lei>
        <title>City of Altoona IA</title>
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          <isin value="US021753XX17"/>
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        <curCd>USD</curCd>
        <valUSD>334966.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CITY OF HARTFORD CT</name>
        <lei>N/A</lei>
        <title>CITY OF HARTFORD CT</title>
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          <isin value="US416415HB64"/>
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        <curCd>USD</curCd>
        <valUSD>27659.75000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>GALVESTON CNTY TX MUNI UTILITY</name>
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          <isin value="US36423GCG01"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <maturityDt>2024-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>OXNARD CA WTR REVENUE</name>
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        <title>City of Oxnard CA Water System Revenue</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2035-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>BELLEVUE WA CONVENTION CENTER</name>
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        <title>Bellevue Convention Center Authority</title>
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          <isin value="US079369CU68"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-02-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>NEW JERSEY ST EDUCTNL FACS AUT</name>
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        <title>New Jersey Educational Facilities Authority</title>
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          <isin value="US6460666Q86"/>
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        <name>MASSACHUSETTS ST</name>
        <lei>5493001N1YCXNI1O7K10</lei>
        <title>Commonwealth of Massachusetts</title>
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          <isin value="US57582NYY56"/>
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        <balance>415000.00000000</balance>
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        <valUSD>565757.05000000</valUSD>
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          <maturityDt>2028-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>SAINT LOUIS MO ARPT REVENUE</name>
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          <isin value="US791638D894"/>
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        <valUSD>124872.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <lei>N/A</lei>
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        <name>SACRAMENTO CITY CA UNIF SCH DI</name>
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        <name>NIAGARA FALLS NY CITY SCH DIST</name>
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      <invstOrSec>
        <name>ST LOUIS MO MUNI LIBRARY DIST</name>
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          <isin value="US85236UAM27"/>
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        <curCd>USD</curCd>
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          <maturityDt>2032-03-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>SANTA RITA CA UNION SCH DIST</name>
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          <isin value="US802564FU30"/>
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        <valUSD>554033.00000000</valUSD>
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        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SYRACUSE NY</name>
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          <isin value="US8717027D29"/>
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        <curCd>USD</curCd>
        <valUSD>1098218.40000000</valUSD>
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          <maturityDt>2034-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>S W HOUSTON TX REDEV AUTH TAX</name>
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          <isin value="US845045BM40"/>
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          <maturityDt>2028-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>DUARTE CA UNIF SCH DIST</name>
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          <isin value="US263597NC61"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261ACH86"/>
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          <maturityDt>2029-11-15</maturityDt>
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      <invstOrSec>
        <name>GOVERNORS IL ST UNIV COPS</name>
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          <isin value="US38378LCH87"/>
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        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
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      <invstOrSec>
        <name>ONEIDA CO NY LOCAL DEV CORP RE</name>
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          <isin value="US682440BH45"/>
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        <name>MIAMI FL PKG SYS REVENUE</name>
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        <name>MADISON CNTY IL CMNTY UNIT SCH</name>
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        <name>CHICAGO IL PARK DIST</name>
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        <name>ILLINOIS ST SALES TAX REVENUE</name>
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        <name>SANGAMON CNTY IL SCH DIST #186</name>
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      <invstOrSec>
        <name>PARK CREEK CO MET DIST REVENUE</name>
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          <maturityDt>2020-12-01</maturityDt>
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      <invstOrSec>
        <name>East Orange Board Of Education</name>
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          <isin value="US274146CG22"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
        <lei>N/A</lei>
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        <curCd>USD</curCd>
        <valUSD>137009.40000000</valUSD>
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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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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>RHODE ISLAND ST HLTH &amp; EDUCTNL</name>
        <lei>N/A</lei>
        <title>Rhode Island Health and Educational Building Corp</title>
        <cusip>762196SZ7</cusip>
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          <isin value="US762196SZ73"/>
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        <curCd>USD</curCd>
        <valUSD>467091.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>COATESVILLE PA AREA SCH DIST B</name>
        <lei>N/A</lei>
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          <isin value="US190693AD30"/>
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        <curCd>USD</curCd>
        <valUSD>440704.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RENSSELAER CITY NY SCH DIST CO</name>
        <lei>N/A</lei>
        <title>Rensselaer City School District</title>
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          <isin value="US760088BB91"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>310475.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</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>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>RIO BLANCO CNTY CO SCH DIST #R</name>
        <lei>N/A</lei>
        <title>Rio Blanco County School District No Re-1 Meeker</title>
        <cusip>767000EX6</cusip>
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          <isin value="US767000EX68"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>199243.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US646136TK77"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>178924.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MAINE ST FIN AUTH LOAN REVENUE</name>
        <lei>N/A</lei>
        <title>Finance Authority of Maine</title>
        <cusip>56042TAW8</cusip>
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          <isin value="US56042TAW80"/>
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        <balance>155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186841.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SEASIDE OR TRANSIENT LODGING T</name>
        <lei>N/A</lei>
        <title>City of Seaside OR Transient Lodging Tax Revenue</title>
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          <isin value="US812513AN92"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>500240.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>S SANGAMON IL WTR COMMISSION</name>
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          <isin value="US840120CC16"/>
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        <curCd>USD</curCd>
        <valUSD>1159770.00000000</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>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUFFOLK CNTY NY</name>
        <lei>N/A</lei>
        <title>County of Suffolk NY</title>
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          <isin value="US86476PWC84"/>
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        <curCd>USD</curCd>
        <valUSD>452312.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CRAWFORD IL HOSP DIST</name>
        <lei>N/A</lei>
        <title>Crawford Hospital District</title>
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          <isin value="US225022CH30"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>528610.50000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>GADSDEN AL</name>
        <lei>N/A</lei>
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          <isin value="US362460VP94"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>KELSEYVILLE CA UNIF SCH DIST</name>
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          <isin value="US488224DN31"/>
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          <maturityDt>2031-08-01</maturityDt>
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        <name>COLORADO EDUCTNL &amp; CULTURAL AU</name>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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          <isin value="US64542YBA38"/>
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        <name>MET TRANSPRTN AUTH NY REVENUE</name>
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          <isin value="US59261AD382"/>
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          <maturityDt>2044-11-15</maturityDt>
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        <name>SALINAS CA UNION HIGH SCH DIST</name>
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        <name>ROSEVILLE CA JT UNION HIGH SCH</name>
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          <isin value="US777857AL77"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499785.00000000</valUSD>
        <pctVal>0.396597794880</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.12500000</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>2020-09-24</ncom:dateSigned>
      <ncom:nameOfApplicant>IndexIQ Active ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Adefolahan Oyefeso</ncom:signature>
      <ncom:signerName>Adefolahan Oyefeso</ncom:signerName>
      <ncom:title>Director and Vice President, IndexIQ</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
