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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>Dutchess County Resource Recovery Agency</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Nassau County Tobacco Settlement Corp.</name>
        <lei>N/A</lei>
        <title>Nassau County Tobacco Settlement Corp.</title>
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          <isin value="US63166MCA53"/>
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        <curCd>USD</curCd>
        <valUSD>759936.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
        <cusip>650116CW4</cusip>
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          <isin value="US650116CW45"/>
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        <balance>2110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2634633.35000000</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>2036-08-01</maturityDt>
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          <annualizedRt>5.37500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Suffolk Tobacco Asset Securitization Corp.</title>
        <cusip>864809CG1</cusip>
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          <isin value="US864809CG10"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1003497.70000000</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>2024-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.01500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority</title>
        <cusip>40065FAZ7</cusip>
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          <isin value="US40065FAZ71"/>
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        <balance>1230000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1328390.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
        <cusip>650116CZ7</cusip>
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          <isin value="US650116CZ75"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3686273.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York Convention Center Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Convention Center Development Corp.</title>
        <cusip>649451DM0</cusip>
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          <isin value="US649451DM09"/>
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        <balance>1620000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1855063.46000000</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>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp.</title>
        <cusip>12008ELM6</cusip>
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          <isin value="US12008ELM65"/>
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        <balance>1520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1746245.46000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Building Aid</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority Building Aid</title>
        <cusip>64972H5Z1</cusip>
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          <isin value="US64972H5Z11"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5415808.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Development Authority of the North Country</name>
        <lei>549300I7O6PLGTEK6C94</lei>
        <title>Development Authority of the North Country</title>
        <cusip>658792DW3</cusip>
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          <isin value="US658792DW30"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>684129.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Westchester County Local Development Corp.</name>
        <lei>549300KOSU8OC75V9238</lei>
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        <cusip>95737TDT0</cusip>
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          <isin value="US95737TDT07"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1132787.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp.</title>
        <cusip>649519DW2</cusip>
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          <isin value="US649519DW23"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-11-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Niagara Frontier Transportation Authority</name>
        <lei>2549006J37UHUDTNJV60</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Great Neck North Water Authority</name>
        <lei>N/A</lei>
        <title>Great Neck North Water Authority</title>
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          <isin value="US391003CD03"/>
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        <balance>250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Liberty Development Corp.</name>
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          <isin value="US531127CM87"/>
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          <maturityDt>2037-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Port Authority of Guam</name>
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        <invCountry>GU</invCountry>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>Village of Valley Stream</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US61075TRR13"/>
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        <balance>1000000.00000000</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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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
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          <isin value="US64972CWZ21"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
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          <annualizedRt>3.40000000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
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          <isin value="US745235U411"/>
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        <curCd>USD</curCd>
        <valUSD>3010212.50000000</valUSD>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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          <isin value="US542691CP38"/>
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        <curCd>USD</curCd>
        <valUSD>2313718.00000000</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>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
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          <isin value="US64972CU270"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</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.</title>
        <cusip>12008ENK8</cusip>
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          <isin value="US12008ENK81"/>
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        <curCd>USD</curCd>
        <valUSD>1651274.10000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Amherst Development Corp.</name>
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        <cusip>031358BR4</cusip>
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          <isin value="US031358BR43"/>
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        <curCd>USD</curCd>
        <valUSD>2355454.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Suffolk</name>
        <lei>N/A</lei>
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          <isin value="US86476PXT01"/>
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        <balance>725000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>759606.43000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Yonkers Industrial Development Agency</name>
        <lei>N/A</lei>
        <title>Yonkers Industrial Development Agency</title>
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          <isin value="US986094AR14"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3429624.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GGG10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Amherst Development Corp.</name>
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          <isin value="US03135NAP69"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Buffalo &amp; Erie County Industrial Land Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of New York</name>
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          <maturityDt>2040-08-01</maturityDt>
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        <name>Virgin Islands Public Finance Authority</name>
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        <invCountry>VI</invCountry>
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          <maturityDt>2029-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Niagara Frontier Transportation Authority</name>
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          <maturityDt>2028-04-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>County of Suffolk</name>
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        <name>Suffolk County Economic Development Corp.</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>Albany Capital Resource Corp.</name>
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        <name>Oneida County Local Development Corp.</name>
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        <name>Rensselaer City School District</name>
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          <maturityDt>2035-06-01</maturityDt>
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        <name>Virgin Islands Public Finance Authority</name>
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        <invCountry>VI</invCountry>
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        <name>New York Liberty Development Corp.</name>
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        <name>Oneida County Local Development Corp.</name>
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        <name>City of New York</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>Guam Power Authority</name>
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        <name>Puerto Rico Public Buildings Authority</name>
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        <name>Trust for Cultural Resources of The City of New York (The)</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Albany Capital Resource Corp.</name>
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      <invstOrSec>
        <name>Amherst Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US03135NAQ43"/>
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      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp.</title>
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          <maturityDt>2022-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116BN54"/>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Hempstead</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-06-15</maturityDt>
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          <annualizedRt>2.25000000</annualizedRt>
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        <name>Commonwealth of Puerto Rico</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Niagara Frontier Transportation Authority</name>
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          <isin value="US653544EA03"/>
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        <name>Guam Government Waterworks Authority</name>
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        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-02-15</maturityDt>
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        <name>Brookhaven Local Development Corp.</name>
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        <name>Children's Trust Fund</name>
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        <invCountry>PR</invCountry>
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          <maturityDt>2043-05-15</maturityDt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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        <name>Puerto Rico Highway &amp; Transportation Authority</name>
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          <maturityDt>2023-07-01</maturityDt>
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        <name>Ogdensburg Bridge and Port Authority</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Albany Capital Resource Corp.</name>
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        <name>Southold Local Development Corp.</name>
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        <name>Long Island Power Authority</name>
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        <invCountry>US</invCountry>
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        <name>New York City Industrial Development Agency</name>
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      <invstOrSec>
        <name>Yonkers Economic Development Corp.</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <isin value="US88033M5N34"/>
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        <name>Onondaga County Water Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>County of Rockland</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Long Island Power Authority</name>
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        <name>Eaton Vance New York Municipal Bond Fund</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Virgin Islands Public Finance Authority</name>
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        <name>Long Island Power Authority</name>
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        <name>Rensselaer Housing Authority</name>
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        <name>Dutchess County Local Development Corp.</name>
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          <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>New York Liberty Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Liberty Development Corp.</title>
        <cusip>649519CM5</cusip>
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          <isin value="US649519CM59"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1524402.60000000</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>2044-03-15</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>City of New York</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>City of New York</title>
        <cusip>64966QPH7</cusip>
        <identifiers>
          <isin value="US64966QPH73"/>
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        <balance>4930000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5675246.90000000</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>2044-08-01</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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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64983QA74</cusip>
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          <isin value="US64983QA741"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200054.26000000</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>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Niagara Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Niagara Tobacco Asset Securitization Corp.</title>
        <cusip>653364BP3</cusip>
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          <isin value="US653364BP30"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>539808.10000000</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>2040-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
        <title>New York State Thruway Authority</title>
        <cusip>650009Q55</cusip>
        <identifiers>
          <isin value="US650009Q551"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4583026.80000000</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>2036-01-01</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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      <invstOrSec>
        <name>Town of Oyster Bay</name>
        <lei>N/A</lei>
        <title>Town of Oyster Bay</title>
        <cusip>692160PZ1</cusip>
        <identifiers>
          <isin value="US692160PZ10"/>
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        <balance>3440000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3893221.38000000</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>2026-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <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>
        <name>Puerto Rico Convention Center District Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Convention Center District Authority</title>
        <cusip>745266BD7</cusip>
        <identifiers>
          <isin value="US745266BD78"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>400931.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>New York City Water &amp; Sewer System</title>
        <cusip>64972GSW5</cusip>
        <identifiers>
          <isin value="US64972GSW59"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3431020.80000000</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>2049-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>649907HZ8</cusip>
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          <isin value="US649907HZ83"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413724.12000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Dobbs Ferry Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Dobbs Ferry Local Development Corp.</title>
        <cusip>256048AB5</cusip>
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          <isin value="US256048AB58"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1095715.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico Electric Power Authority</title>
        <cusip>74526QV66</cusip>
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          <isin value="US74526QV668"/>
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        <balance>5630000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5538512.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Public Buildings Authority</title>
        <cusip>7452354F5</cusip>
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          <isin value="US7452354F58"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>997500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>Y</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Brookhaven Local Development Corp.</name>
        <lei>549300384JET720NAQ98</lei>
        <title>Brookhaven Local Development Corp.</title>
        <cusip>113168BD9</cusip>
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          <isin value="US113168BD94"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1258746.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tompkins County Development Corp.</name>
        <lei>N/A</lei>
        <title>Tompkins County Development Corp.</title>
        <cusip>890090AH6</cusip>
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          <isin value="US890090AH63"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>100201.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Albany County Airport Authority</name>
        <lei>N/A</lei>
        <title>Albany County Airport Authority</title>
        <cusip>012123MS1</cusip>
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          <isin value="US012123MS19"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>958713.52000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nassau County Local Economic Assistance Corp.</name>
        <lei>549300FCI13UFG0Y6Y37</lei>
        <title>Nassau County Local Economic Assistance Corp.</title>
        <cusip>63166LCZ2</cusip>
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          <isin value="US63166LCZ22"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>276439.88000000</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>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>649906J88</cusip>
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          <isin value="US649906J888"/>
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        <balance>390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>400067.27000000</valUSD>
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        <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>
        <name>Jefferson County Civic Facility Development Corp.</name>
        <lei>N/A</lei>
        <title>Jefferson County Civic Facility Development Corp.</title>
        <cusip>47325RAT6</cusip>
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          <isin value="US47325RAT68"/>
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        <balance>880000.00000000</balance>
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        <name>Build NYC Resource Corp.</name>
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        <name>Monroe County Industrial Development Corp.</name>
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        <name>New York Power Authority</name>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CY01"/>
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        <name>New York State Dormitory Authority</name>
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          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Syracuse Regional Airport Authority</name>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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          <maturityDt>2048-09-15</maturityDt>
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        <name>Albany Industrial Development Agency</name>
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          <maturityDt>2027-04-01</maturityDt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>New York Transportation Development Corp.</name>
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        <invCountry>PR</invCountry>
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      <invstOrSec>
        <name>Great Neck North Water Authority</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BlackRock New York Municipal Income Trust</name>
        <lei>PJKTUMDJPIZ89SB71052</lei>
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          <isin value="US09248L1061"/>
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        <balance>12602.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Troy Capital Resource Corp.</name>
        <lei>N/A</lei>
        <title>Troy Capital Resource Corp.</title>
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          <isin value="US897579BD95"/>
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        <balance>1000000.00000000</balance>
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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>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Suffolk Tobacco Asset Securitization Corp.</title>
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          <isin value="US864809AM06"/>
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        <balance>1120000.00000000</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>2044-06-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Development Authority of the North Country</name>
        <lei>549300I7O6PLGTEK6C94</lei>
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          <isin value="US658792DS28"/>
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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>2040-09-01</maturityDt>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>Riverhead Industrial Development Agency</name>
        <lei>N/A</lei>
        <title>Riverhead Industrial Development Agency</title>
        <cusip>76876RAM3</cusip>
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          <isin value="US76876RAM34"/>
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        <curCd>USD</curCd>
        <valUSD>790131.56000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp.</title>
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          <isin value="US12008ENH52"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1672117.95000000</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>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
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          <isin value="US64972GBW33"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990CPX3</cusip>
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          <isin value="US64990CPX38"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990CPZ8</cusip>
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          <isin value="US64990CPZ85"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York City Transitional Finance Authority Future Tax Secured</name>
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        <cusip>64971XC63</cusip>
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          <isin value="US64971XC631"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Plattsburgh</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dutchess County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Dutchess County Local Development Corp.</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Virgin Islands Public Finance Authority</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>VI</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59261AK551"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Monroe County Water Authority</name>
        <lei>N/A</lei>
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        <name>Harrison Central School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
        <lei>549300SQWVHKBRF8D702</lei>
        <title>New York City Housing Development Corp.</title>
        <cusip>64970WAW1</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <annualizedRt>3.25000000</annualizedRt>
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      <invstOrSec>
        <name>County of Rockland</name>
        <lei>N/A</lei>
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          <isin value="US77355PXM03"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-05-01</maturityDt>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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        <cusip>5426903C4</cusip>
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          <isin value="US5426903C46"/>
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        <curCd>USD</curCd>
        <valUSD>2226007.00000000</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>2044-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Glens Falls</name>
        <lei>N/A</lei>
        <title>City of Glens Falls</title>
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          <isin value="US378820MY79"/>
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        <curCd>USD</curCd>
        <valUSD>277274.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TSASC, Inc.</name>
        <lei>N/A</lei>
        <title>TSASC, Inc.</title>
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          <isin value="US898526FF00"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2301614.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Great Neck North Water Authority</name>
        <lei>N/A</lei>
        <title>Great Neck North Water Authority</title>
        <cusip>391003CF5</cusip>
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          <isin value="US391003CF50"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278994.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Onondaga County Trust for Cultural Resources</name>
        <lei>N/A</lei>
        <title>Onondaga County Trust for Cultural Resources</title>
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          <isin value="US68276FDN78"/>
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        <balance>5165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6062392.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Onondaga Civic Development Corp.</name>
        <lei>N/A</lei>
        <title>Onondaga Civic Development Corp.</title>
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          <isin value="US682832DM91"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>275220.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116CV61"/>
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        <balance>1540000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Yonkers</name>
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        <balance>1700000.00000000</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>2036-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990BHD8</cusip>
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          <isin value="US64990BHD82"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113188.92000000</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>2035-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York &amp; New Jersey</title>
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          <isin value="US73358W3G73"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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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>2039-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GVJ83"/>
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        <name>Puerto Rico Public Buildings Authority</name>
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        <title>Puerto Rico Public Buildings Authority</title>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-07-01</maturityDt>
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        <name>Port Authority of New York &amp; New Jersey</name>
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          <maturityDt>2038-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2048-05-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
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          <isin value="US864809BV95"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>New York Counties Tobacco Trust IV</name>
        <lei>N/A</lei>
        <title>New York Counties Tobacco Trust IV</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Guam Power Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
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          <isin value="US864809CE61"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-01</maturityDt>
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          <annualizedRt>0.57000000</annualizedRt>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
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          <isin value="US864809BW78"/>
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        <curCd>USD</curCd>
        <valUSD>1172998.60000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Syracuse Regional Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US871740AP18"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</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="US64990GJS21"/>
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        <balance>9675000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11142429.50000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
        <lei>N/A</lei>
        <title>Children's Trust Fund</title>
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          <isin value="US16876QBJ76"/>
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        <curCd>USD</curCd>
        <valUSD>403357.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oneida County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Oneida County Local Development Corp.</title>
        <cusip>682440BD3</cusip>
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          <isin value="US682440BD31"/>
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        <balance>1585000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1827547.48000000</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>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Ogdensburg</name>
        <lei>N/A</lei>
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          <isin value="US676482JB93"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47960.97000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Broome County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Broome County Local Development Corp.</title>
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          <isin value="US114731AV40"/>
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        <balance>4265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4837200.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corp.</title>
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          <isin value="US61075TWQ74"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>848435.10000000</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>2046-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Westchester Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Westchester Tobacco Asset Securitization Corp.</title>
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          <isin value="US957480BR65"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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        <name>City of Buffalo</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Poughkeepsie</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-04-29</maturityDt>
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          <annualizedRt>2.50000000</annualizedRt>
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        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp.</title>
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          <isin value="US12008EMX12"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Rockland</name>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
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          <isin value="US864809CC06"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Westchester County Local Development Corp.</name>
        <lei>549300KOSU8OC75V9238</lei>
        <title>Westchester County Local Development Corp.</title>
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          <isin value="US95737TCD63"/>
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        <balance>2500000.00000000</balance>
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        <name>New York Counties Tobacco Trust V</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Westchester County Local Development Corp.</name>
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      <invstOrSec>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Dutchess County Local Development Corp.</name>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Niagara Frontier Transportation Authority</name>
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        <name>New York State Thruway Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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        <name>City of Glens Falls</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Jefferson County Civic Facility Development Corp.</name>
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        <name>Puerto Rico Municipal Finance Agency</name>
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          <maturityDt>2022-08-01</maturityDt>
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        <name>New York City Industrial Development Agency</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>St Lawrence County Industrial Development Agency</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Long Island Power Authority</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New York City Housing Development Corp.</name>
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        <name>Onondaga County Trust for Cultural Resources</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Chautauqua Tobacco Asset Securitization Corp.</name>
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        <name>Suffolk Tobacco Asset Securitization Corp.</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Albany Capital Resource Corp.</name>
        <lei>N/A</lei>
        <title>Albany Capital Resource Corp.</title>
        <cusip>012432CL2</cusip>
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          <isin value="US012432CL22"/>
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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>2031-05-01</maturityDt>
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      <invstOrSec>
        <name>Onondaga County Trust for Cultural Resources</name>
        <lei>N/A</lei>
        <title>Onondaga County Trust for Cultural Resources</title>
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          <isin value="US68276FDR82"/>
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        <curCd>USD</curCd>
        <valUSD>4649932.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe County Water Authority</name>
        <lei>N/A</lei>
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        <cusip>610763RF3</cusip>
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          <isin value="US610763RF31"/>
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        <curCd>USD</curCd>
        <valUSD>2213488.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TSASC, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US898526FR48"/>
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        <balance>8390000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9049203.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Development Authority of the North Country</name>
        <lei>549300I7O6PLGTEK6C94</lei>
        <title>Development Authority of the North Country</title>
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          <isin value="US658792DQ61"/>
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        <balance>535000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>572571.71000000</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>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.37500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Dutchess County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Dutchess County Local Development Corp.</title>
        <cusip>267045CW0</cusip>
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          <isin value="US267045CW02"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1067199.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Syracuse Regional Airport Authority</name>
        <lei>N/A</lei>
        <title>Syracuse Regional Airport Authority</title>
        <cusip>871740AL0</cusip>
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          <isin value="US871740AL04"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1275020.00000000</valUSD>
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        <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>
        <name>Puerto Rico Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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          <isin value="US74526QSU75"/>
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        <balance>265000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>268670.22000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tompkins County Development Corp.</name>
        <lei>N/A</lei>
        <title>Tompkins County Development Corp.</title>
        <cusip>890090AM5</cusip>
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          <isin value="US890090AM58"/>
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        <balance>690000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>749042.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Broome County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Broome County Local Development Corp.</title>
        <cusip>114731AU6</cusip>
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          <isin value="US114731AU66"/>
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        <balance>2550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2641990.23000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corp.</title>
        <cusip>61075TUH9</cusip>
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          <isin value="US61075TUH93"/>
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        <balance>2400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2667170.64000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
        <lei>549300GROJFKMNLWEK84</lei>
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          <isin value="US12008EBT29"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>City of Plattsburgh</name>
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        <balance>510000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tender Option Bond Trust Receipts/Certificates</name>
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          <isin value="US88034XZ623"/>
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        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
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          <isin value="US650116AQ94"/>
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        <name>Monroe County Industrial Development Corp.</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corp.</title>
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          <maturityDt>2043-07-01</maturityDt>
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        <name>New York Liberty Development Corp.</name>
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        <title>New York Liberty Development Corp.</title>
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          <isin value="US649519CL76"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2043-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rockland Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Rockland Tobacco Asset Securitization Corp.</title>
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          <isin value="US773684AN57"/>
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        <balance>13000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1993049.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>Trust for Cultural Resources of The City of New York (The)</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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        <name>Long Island Power Authority</name>
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          <maturityDt>2040-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Suffolk</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-10-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York State Dormitory Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Niagara Frontier Transportation Authority</name>
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        <name>Albany Housing Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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      <invstOrSec>
        <name>Dutchess County Local Development Corp.</name>
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        <name>New York Liberty Development Corp.</name>
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        <name>New York Transportation Development Corp.</name>
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          <maturityDt>2050-01-01</maturityDt>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Onondaga</name>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>County of Suffolk</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Hudson Yards Infrastructure Corp.</name>
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          <maturityDt>2047-02-15</maturityDt>
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        <name>New York Counties Tobacco Trust IV</name>
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        <name>Oneida County Local Development Corp.</name>
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        <name>New York Convention Center Development Corp.</name>
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        <name>Guam Government Waterworks Authority</name>
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        <name>Niagara Falls Public Water Authority</name>
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        <name>BlackRock Liquidity Funds MuniCash</name>
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        <name>Niagara Frontier Transportation Authority</name>
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        <name>New York City Housing Development Corp.</name>
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        <name>GDB Debt Recovery Authority of Puerto Rico</name>
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        <invCountry>PR</invCountry>
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        <name>Nuveen New York AMT-Free Quality Municipal Income Fund</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Dutchess County Resource Recovery Agency</name>
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        <name>Brookhaven Local Development Corp.</name>
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        <name>Onondaga County Water Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>New York Power Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <invCountry>GU</invCountry>
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        <name>City of Yonkers</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
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        <name>Village of Valley Stream</name>
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          <maturityDt>2033-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Build NYC Resource Corp.</name>
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        <name>City of Yonkers</name>
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          <maturityDt>2036-02-15</maturityDt>
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        <name>New York City Industrial Development Agency</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Battery Park City Authority</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>New York City Housing Development Corp.</name>
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        <name>Buffalo &amp; Erie County Industrial Land Development Corp.</name>
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        <name>New York City Water &amp; Sewer System</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Hudson Yards Infrastructure Corp.</name>
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        <name>City of Yonkers</name>
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        <name>New York State Bridge Authority</name>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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      <invstOrSec>
        <name>Puerto Rico Municipal Finance Agency</name>
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        <invCountry>PR</invCountry>
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        <name>City of Yonkers</name>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lackawanna City School District</name>
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          <maturityDt>2032-06-15</maturityDt>
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        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59259N7G27"/>
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        <name>Virgin Islands Public Finance Authority</name>
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        <invCountry>VI</invCountry>
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        <name>Dutchess County Local Development Corp.</name>
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        <name>Yonkers Economic Development Corp.</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Suffolk Tobacco Asset Securitization Corp.</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Brookhaven Local Development Corp.</name>
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        <name>Huntington Local Development Corp.</name>
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        <name>Hempstead Town Local Development Corp.</name>
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        <name>New York City Water &amp; Sewer System</name>
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        <name>Suffolk County Economic Development Corp.</name>
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          <maturityDt>2033-07-01</maturityDt>
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      <invstOrSec>
        <name>New York State Bridge Authority</name>
        <lei>N/A</lei>
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          <isin value="US649807CX08"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Yonkers</name>
        <lei>N/A</lei>
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          <isin value="US986082XH39"/>
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        <curCd>USD</curCd>
        <valUSD>1696744.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp.</name>
        <lei>N/A</lei>
        <title>Monroe County Industrial Development Corp.</title>
        <cusip>61075TUG1</cusip>
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          <isin value="US61075TUG11"/>
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        <curCd>USD</curCd>
        <valUSD>2800479.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Buffalo &amp; Fort Erie Public Bridge Authority</name>
        <lei>N/A</lei>
        <title>Buffalo &amp; Fort Erie Public Bridge Authority</title>
        <cusip>119427BU5</cusip>
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          <isin value="US119427BU55"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1770025.80000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Buffalo &amp; Erie County Industrial Land Development Corp.</name>
        <lei>N/A</lei>
        <title>Buffalo &amp; Erie County Industrial Land Development Corp.</title>
        <cusip>11943KDD1</cusip>
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          <isin value="US11943KDD19"/>
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        <curCd>USD</curCd>
        <valUSD>4458418.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Niagara Frontier Transportation Authority</name>
        <lei>2549006J37UHUDTNJV60</lei>
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          <isin value="US653544CZ71"/>
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        <balance>225000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239736.49000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Suffolk Tobacco Asset Securitization Corp.</title>
        <cusip>864809CD8</cusip>
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          <isin value="US864809CD88"/>
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        <balance>24290000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3977864.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Albany Capital Resource Corp.</name>
        <lei>N/A</lei>
        <title>Albany Capital Resource Corp.</title>
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          <isin value="US012432BV13"/>
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        <balance>150000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164667.08000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990EAA55"/>
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        <balance>8000000.00000000</balance>
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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>2040-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.12999840</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Albany County Airport Authority</name>
        <lei>N/A</lei>
        <title>Albany County Airport Authority</title>
        <cusip>012123LD5</cusip>
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          <isin value="US012123LD58"/>
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        <balance>1750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2126111.58000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-12-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Long Island Power Authority</name>
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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>2046-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Schenectady Metroplex Development Authority</name>
        <lei>N/A</lei>
        <title>Schenectady Metroplex Development Authority</title>
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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>2033-08-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Puerto Rico Electric Power Authority</name>
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        <curCd>USD</curCd>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-01</maturityDt>
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        <name>Trust for Cultural Resources of The City of New York (The)</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Syracuse Regional Airport Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-07-01</maturityDt>
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        <name>New York State Housing Finance Agency</name>
        <lei>5493000LS7KCDB02O506</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Puerto Rico Public Buildings Authority</name>
        <lei>N/A</lei>
        <title>Puerto Rico Public Buildings Authority</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
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          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Hempstead Town Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Hempstead Town Local Development Corp.</title>
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      <invstOrSec>
        <name>Suffolk Tobacco Asset Securitization Corp.</name>
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        <name>Commonwealth of Puerto Rico</name>
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        <name>Guam Government Waterworks Authority</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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          <isin value="US650110AE94"/>
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        <name>Metropolitan Transportation Authority</name>
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        <name>N/A</name>
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        <name>Harrison Central School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>Dutchess County Local Development Corp.</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Erie Tobacco Asset Securitization Corp.</name>
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      <invstOrSec>
        <name>Yonkers Economic Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US98608MAE12"/>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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          <isin value="US64990CEC10"/>
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          <maturityDt>2043-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Broome County Local Development Corp.</name>
        <lei>N/A</lei>
        <title>Broome County Local Development Corp.</title>
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          <isin value="US114731AT93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>Territory of Guam</name>
        <lei>N/A</lei>
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          <isin value="US40065HDU14"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990GYB2</cusip>
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          <isin value="US64990GYB21"/>
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        <balance>9830000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11292735.46000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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          <isin value="US12008EAL02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Genesee Valley Central School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US650110AD12"/>
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        <curCd>USD</curCd>
        <valUSD>5733297.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-31</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Buffalo &amp; Erie County Industrial Land Development Corp.</name>
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          <isin value="US11943KEA60"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Brookhaven Local Development Corp.</name>
        <lei>549300384JET720NAQ98</lei>
        <title>Brookhaven Local Development Corp.</title>
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          <isin value="US113168BG26"/>
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        <balance>6250000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Tompkins County Development Corp.</name>
        <lei>N/A</lei>
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        <cusip>890090AF0</cusip>
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          <maturityDt>2042-07-01</maturityDt>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Village of Valley Stream</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>New York City Transitional Finance Authority</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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        <name>Amherst Development Corp.</name>
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      <invstOrSec>
        <name>Brookhaven Local Development Corp.</name>
        <lei>549300384JET720NAQ98</lei>
        <title>Brookhaven Local Development Corp.</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-11-01</maturityDt>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
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      <invstOrSec>
        <name>New York City Housing Development Corp.</name>
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      <invstOrSec>
        <name>City of Buffalo</name>
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          <maturityDt>2027-04-01</maturityDt>
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      <invstOrSec>
        <name>New York Counties Tobacco Trust IV</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2045-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Suffolk County Economic Development Corp.</name>
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          <isin value="US86476RCZ55"/>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Oyster Bay</name>
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          <maturityDt>2028-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Convention Center Development Corp.</name>
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          <isin value="US649451HV61"/>
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          <maturityDt>2041-11-15</maturityDt>
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        <name>New York Transportation Development Corp.</name>
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          <isin value="US650116DA16"/>
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          <maturityDt>2045-10-01</maturityDt>
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        <name>Monroe County Industrial Development Corp.</name>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <invCountry>GU</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Syracuse Industrial Development Agency</name>
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        <name>New York City Transitional Finance Authority Building Aid</name>
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        <name>New York State Bridge Authority</name>
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        <name>MTA Hudson Rail Yards Trust Obligations</name>
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        <invCountry>PR</invCountry>
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      <invstOrSec>
        <name>Build NYC Resource Corp.</name>
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        <name>City of Poughkeepsie</name>
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      <invstOrSec>
        <name>Oneida County Local Development Corp.</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>New York City Housing Development Corp.</name>
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        <name>Albany Capital Resource Corp.</name>
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        <name>Build NYC Resource Corp.</name>
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        <name>New York City Housing Development Corp.</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Riverhead Industrial Development Agency</name>
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        <name>Westchester County Local Development Corp.</name>
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          <maturityDt>2031-06-01</maturityDt>
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        <name>New York City Industrial Development Agency</name>
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          <maturityDt>2047-03-01</maturityDt>
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        <name>Village of Valley Stream</name>
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          <maturityDt>2035-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Hempstead Town Local Development Corp.</name>
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          <maturityDt>2048-07-01</maturityDt>
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        <name>Dutchess County Local Development Corp.</name>
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          <maturityDt>2034-02-15</maturityDt>
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      <invstOrSec>
        <name>Nassau County Tobacco Settlement Corp.</name>
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        <invCountry>PR</invCountry>
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        <name>New York Counties Tobacco Trust VI</name>
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        <name>Monroe County Industrial Development Corp.</name>
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        <name>New York City Water &amp; Sewer System</name>
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        <name>Dutchess County Local Development Corp.</name>
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        <name>Oneida County Local Development Corp.</name>
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        <name>Suffolk County Economic Development Corp.</name>
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        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp.</title>
        <cusip>650116DM5</cusip>
        <identifiers>
          <isin value="US650116DM53"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1251821.40000000</valUSD>
        <pctVal>0.091387471296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</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>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority</title>
        <cusip>59261AZB6</cusip>
        <identifiers>
          <isin value="US59261AZB69"/>
        </identifiers>
        <balance>5350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5484706.58000000</valUSD>
        <pctVal>0.400403336409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990GYA4</cusip>
        <identifiers>
          <isin value="US64990GYA48"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>791771.70000000</valUSD>
        <pctVal>0.057802186084</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</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>2021-11-30</ncom:dateSigned>
      <ncom:nameOfApplicant>MAINSTAY FUNDS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Jack Benintende</ncom:signature>
      <ncom:signerName>Jack Benintende</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
