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        <name>WISCONSIN HEALTH AND EDUCATIONAL FACILITIES AUTHORITY</name>
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        <name>GOLDEN STATE TOBACCO SECURITIZATION</name>
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        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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        <name>PORT OF GREATER CINCINNATI DEVELOPMENT AUTHORITY</name>
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        <name>ARKANSAS DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>AM Bidco</name>
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        <name>INDIANA HOUSING FINANCE AUTHOR</name>
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        <name>THE ATLANTA DEVELOPMENT AUTHORITY</name>
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        <name>DENTON ESSENTIAL INVESTMENTS PUBLIC FACILITY CORP</name>
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        <name>MAIN STREET NATURAL GAS INC</name>
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        <name>MIDTOWN MIAMI COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>NEW YORK LIBERTY DEVELOPMENT CORPORATION</name>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
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        <curCd>USD</curCd>
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        <issuerCat>USGSE</issuerCat>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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      <invstOrSec>
        <name>NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY</name>
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        <curCd>USD</curCd>
        <valUSD>1592762.600000</valUSD>
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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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          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>NEW ORLEANS AVIATION BOARD</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <name>THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF KINGSPORT TENNESSEE</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
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        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
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        <invCountry>PR</invCountry>
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        <name>LAKEWOOD RANCH STEWARDSHIP DISTRICT</name>
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        <name>AURORA HIGHLANDS COMMUNITY AUTHORITY BOARD</name>
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        <name>SUNRISE COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>MIDA MOUNTAIN VILLAGE PUBLIC INFRASTRUCTURE DISTRICT</name>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>COUNTY OF GRAND FORKS</name>
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        <name>COMMONWEALTH FINANCING AUTHORITY</name>
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        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE</name>
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        <assetCat>LON</assetCat>
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          <couponKind>Fixed</couponKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL PROJECTS FINANCE AUTHORITY/FL</name>
        <lei>N/A</lei>
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        <cusip>140427BN4</cusip>
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          <isin value="US140427BN43"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>CONNECTICUT STATE HEALTH &amp; EDUCATIONAL FACILITIES AUTHORITY</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
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        <cusip>20775DL75</cusip>
        <identifiers>
          <isin value="US20775DL756"/>
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        <curCd>USD</curCd>
        <valUSD>20000000.000000</valUSD>
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          <couponKind>Variable</couponKind>
          <annualizedRt>1.25</annualizedRt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
        <lei>549300BOPCVLBA552Z14</lei>
        <title>CALIFORNIA HOUSING FINANCE AGENCY</title>
        <cusip>BA000RHM1</cusip>
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          <other otherDesc="Internal ID" value="WHLNDD9P9"/>
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        <curCd>USD</curCd>
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          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION</name>
        <lei>549300ROY505NVTMMI25</lei>
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        <cusip>87638QVF3</cusip>
        <identifiers>
          <isin value="US87638QVF35"/>
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        <balance>25000000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Variable</couponKind>
          <annualizedRt>1.45</annualizedRt>
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      <invstOrSec>
        <name>ENERGY SOUTHEAST A COOPERATIVE DISTRICT</name>
        <lei>2549001SMMZ81MXBXZ89</lei>
        <title>ENERGY S E AL A COOPERATIVE DI ESDPWR 04/54 ADJUSTABLE VAR</title>
        <cusip>292723AY9</cusip>
        <identifiers>
          <isin value="US292723AY90"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>708692CA4</cusip>
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          <isin value="US708692CA49"/>
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        <balance>1200000.000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Variable</couponKind>
          <annualizedRt>5.45</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>IOWA FINANCE AUTHORITY</title>
        <cusip>BA000TSW3</cusip>
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          <other otherDesc="Internal ID" value="WHLNZZ9H4"/>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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      <invstOrSec>
        <name>CITY OF PILOT POINT TX</name>
        <lei>N/A</lei>
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        <cusip>721614AZ8</cusip>
        <identifiers>
          <isin value="US721614AZ81"/>
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        <balance>350000.000000</balance>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>FHLMC PASS THRU POOLS</name>
        <lei>N/A</lei>
        <title>FED HM LN PC POOL WE6084 FR 02/40 FIXED 4.9</title>
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        <curCd>USD</curCd>
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        <name>ILLINOIS FINANCE AUTHORITY</name>
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        <name>CALIFORNIA HOUSING FINANCE AGENCY</name>
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        <name>FHLMC MULTIFAMILY VRD CERTIFICATES</name>
        <lei>N/A</lei>
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        <name>ANGELINE COMMUNITY DEVELOPMENT DISTRICT</name>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>BLACK BELT ENERGY GAS DIST AL BBEUTL 10/35 FIXED 5</title>
        <cusip>09182TGM3</cusip>
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        <name>VIRGINIA SMALL BUSINESS FING AUTH HOSP R</name>
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        <title>VIRGINIA ST SMALL BUSINESS FIN VASMED 06/42 FIXED 5</title>
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        <curCd>USD</curCd>
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        <securityLending>
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        <name>IOWA FINANCE AUTHORITY</name>
        <lei>549300NQVL49BTHOW391</lei>
        <title>IOWA ST FIN AUTH MIDWSTRN DISA IASGEN 12/50 ADJUSTABLE VAR</title>
        <cusip>46246SAW5</cusip>
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        <balance>1200000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1280172.240000</valUSD>
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      <invstOrSec>
        <name>INDIANAPOLIS LOCAL PUBLIC IMPROVEMENT BOND BANK</name>
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        <name>NUVEEN MUNICIPAL CREDIT INCOME FUND</name>
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        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
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        <name>CITY OF CHICAGO</name>
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        <curCd>USD</curCd>
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        <name>BUCKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <curCd>USD</curCd>
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        <curCd>USD</curCd>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <curCd>USD</curCd>
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          <annualizedRt>5.25</annualizedRt>
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        <securityLending>
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        <curCd>USD</curCd>
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          <couponKind>Fixed</couponKind>
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        <name>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</name>
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        <issuerCat>MUN</issuerCat>
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        <name>CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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        <name>FRANKLIN COUNTY CONVENTION FACILITIES AUTHORITY HOTEL PROJECT REVENUE</name>
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        <name>MARYLAND ST HEALTH &amp; HIGHER EDL FACS AUTH REV</name>
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        <name>COUNTY OF ALLEN OH HOSPITAL FACILITIES REVENUE</name>
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      <invstOrSec>
        <name>IOWA TOBACCO SETTLEMENT AUTHORITY</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</name>
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        <name>SALES TAX SECURITIZATION CORPORATION</name>
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        <name>LEHIGH CNTY PA</name>
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        <name>BRADLEY HEIGHTS METROPOLITAN DISTRICT NO 2</name>
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        <name>MONTGOMERY CNTY PA HIGHER ED &amp; HLTH</name>
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        <name>COUNTY OF GRAND FORKS</name>
        <lei>N/A</lei>
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        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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        <name>TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION</name>
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      <invstOrSec>
        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <balance>5500000.000000</balance>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY FUTURE TAX SECURED REVENUE</name>
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        <name>CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY</name>
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        <name>CITY OF CHICAGO</name>
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        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <name>AUSTIN HOUSING FINANCE CORPORATION</name>
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        <name>FLORIDA HIGHER EDUCATIONAL FACILITIES FINANCING AUTHORITY</name>
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        <name>MANOR HOUSING PUBLIC FACILITY CORP</name>
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        <name>CITY OF PILOT POINT TX</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>CALHOUN COUNTY NAVIGATION INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>GILBERTS SPECIAL SERVICE AREA NO 25</name>
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        <name>CLIFTON HIGHER EDUCATION FINAN</name>
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        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>KALAMAZOO MICH ECONOMIC DEV CORP REV</name>
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      <invstOrSec>
        <name>CHARLOTTE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL</name>
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      <invstOrSec>
        <name>BUILD NYC RESOURCE CORPORATION</name>
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        <name>NEW HAMPSHIRE BUSINESS FINANCE AUTHORITY</name>
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        <name>FREDDIE MAC GOLD POOL</name>
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      <invstOrSec>
        <name>NUVEEN AMT-FREE MUNICIPAL CREDIT INCOME FUND</name>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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        <name>PUBLIC ENERGY AUTHORITY OF KENTUCKY INC</name>
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        <name>THE INDUSTRIAL DEVELOPMENT BOARD OF THE CITY OF KINGSPORT TENNESSEE</name>
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        <name>GREATER ORLANDO AVIATION AUTHORITY</name>
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      <invstOrSec>
        <name>CITY OF HOUSTON TX AIRPORT SYSTEM REVENUE</name>
        <lei>N/A</lei>
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          <isin value="US442349HW90"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      </invstOrSec>
      <invstOrSec>
        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>ARIZONA ST INDL DEV AUTH SENIO AZSNUR 01/59 INTERAPREC VAR</title>
        <cusip>04052TDE2</cusip>
        <identifiers>
          <isin value="US04052TDE29"/>
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        <balance>2467809.540000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1280026.650000</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>2059-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MICHIGAN FINANCE AUTHORITY</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>MICHIGAN ST FIN AUTH REVENUE MISFIN 06/65 ZEROCPNOID 0</title>
        <cusip>59447TM26</cusip>
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          <isin value="US59447TM263"/>
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        <balance>30650000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2957519.650000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPRING VALLEY COMMUNITY INFRASTRUCTURE DISTRICT NO 1</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>NUVEEN CALIFORNIA QUALITY MUNICIPAL INCOME FUND</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION</name>
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        <assetCat>DBT</assetCat>
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      <invstOrSec>
        <name>CLACKAMAS CNTY ORE HOSP FAC AUTH REV</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>OHIO WATER DEVELOPMENT AUTHORITY WATER POLLUTION CONTROL LOAN FUND</name>
        <lei>N/A</lei>
        <title>OHIO ST WTR DEV AUTH WTR POLL OHSPOL 06/33 FIXED 4.75</title>
        <cusip>67766WXM9</cusip>
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          <isin value="US67766WXM99"/>
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        <balance>2585000.000000</balance>
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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>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.75</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MONONGALIA COUNTY OF</name>
        <lei>N/A</lei>
        <title>MONONGALIA CNTY WV COMMISSION MONGEN 06/43 FIXED OID 5.75</title>
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          <isin value="US61022DAC11"/>
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        <balance>875000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>927477.160000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75</annualizedRt>
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      <invstOrSec>
        <name>CALIFORNIA COMMUNITY HOUSING AGENCY</name>
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      <invstOrSec>
        <name>COUNTY OF BERNALILLO NM</name>
        <lei>549300HH7LOB1GPMU667</lei>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>WASHINGTON STATE HOUSING FINANCE COMMISSION</name>
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          <couponKind>Fixed</couponKind>
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        <name>MAIN STREET NATURAL GAS INC</name>
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        <balance>2300000.000000</balance>
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        <curCd>USD</curCd>
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        <name>FLORIDA DEVELOPMENT FINANCE CORPORATION</name>
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        <curCd>USD</curCd>
        <valUSD>6811952.700000</valUSD>
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        <assetCat>DBT</assetCat>
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        <name>ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US040523AL66"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <name>COLORADO BRIDGE &amp; TUNNEL ENTERPRISE</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
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      <invstOrSec>
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      <invstOrSec>
        <name>BRAZORIA COUNTY INDUSTRIAL DEVELOPMENT CORP</name>
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        <name>COLORADO HEALTH FACILITIES AUTHORITY</name>
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      <invstOrSec>
        <name>CHILDRENS TRUST FD TOBACCO SETTLMNT</name>
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      <invstOrSec>
        <name>CHICAGO BOARD OF EDUCATION</name>
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      <invstOrSec>
        <name>TOBACCO SECURITIZATION AUTH SOUTHN CAL T</name>
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      <invstOrSec>
        <name>ILLINOIS FINANCE AUTHORITY</name>
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        <assetCat>DBT</assetCat>
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        <name>VILLAGE COMMUNITY DEVELOPMENT DISTRICT NO 15</name>
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        <name>PUBLIC FINANCE AUTHORITY</name>
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        <name>CITY OF MOUNT VERNON IN</name>
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        <name>MONONGALIA COUNTY OF</name>
        <lei>N/A</lei>
        <title>MONONGALIA CNTY WV COMMISSION MONGEN 06/33 FIXED OID 5</title>
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      <invstOrSec>
        <name>PUBLIC FINANCE AUTHORITY</name>
        <lei>5493004S6D3NA627K012</lei>
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      <invstOrSec>
        <name>CAPE GIRARDEAU COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <name>MARYLAND ST HEALTH &amp; HIGHER EDL FACS AUTH REV</name>
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        <name>INDIANA FINANCE AUTHORITY</name>
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      <invstOrSec>
        <name>CHICAGO BOARD OF EDUCATION</name>
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      <invstOrSec>
        <name>REFLECTION BAY COMMUNITY DEVELOPMENT DISTRICT</name>
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      <invstOrSec>
        <name>KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY</name>
        <lei>N/A</lei>
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          <isin value="US49126TBA97"/>
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        <curCd>USD</curCd>
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      <invstOrSec>
        <name>NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORP</name>
        <lei>N/A</lei>
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        <balance>7300000.000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDA CORMONT PUBLIC INFRASTRUCTURE DISTRICT</name>
        <lei>N/A</lei>
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        <balance>1350000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>MASSACHUSETTS DEVELOPMENT FINANCE AGENCY</name>
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        <balance>1500000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <name>PUERTO RICO GOVT</name>
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        <balance>9200000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>
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          <couponKind>Variable</couponKind>
          <annualizedRt>0</annualizedRt>
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      <invstOrSec>
        <name>BERKS COUNTY MUNICIPAL AUTHORITY</name>
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        <balance>770000.000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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          <annualizedRt>6</annualizedRt>
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        <name>OHIO AIR QUALITY DEVELOPMENT AUTHORITY</name>
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        <curCd>USD</curCd>
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        <name>RIVER ISLANDS PUBLIC FINANCING AUTHORITY</name>
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        <curCd>USD</curCd>
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        <name>OHIO HOUSING FINANCE AGENCY</name>
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        <name>OKLAHOMA DEVELOPMENT FINANCE AUTHORITY</name>
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        <name>DENTON CNTY TEX</name>
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        <name>BLACK BELT ENERGY GAS DISTRICT</name>
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        <name>DOMINION WATER &amp; SANITATION DISTRICT</name>
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        <assetCat>DBT</assetCat>
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        <name>SARASOTA COUNTY PUBLIC HOSPITAL DISTRICT</name>
        <lei>549300JY4SF4DU1YDF85</lei>
        <title>SARASOTA CNTY FL PUBLIC HOSP D SARMED 07/41 FIXED 5</title>
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        <curCd>USD</curCd>
        <valUSD>5092666.500000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COLORADO STATE</name>
        <lei>N/A</lei>
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          <isin value="US19668QJF37"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/PA</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY PA INDL DEV AU MONDEV 11/44 FIXED 5</title>
        <cusip>613609N28</cusip>
        <identifiers>
          <isin value="US613609N288"/>
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        <curCd>USD</curCd>
        <valUSD>1239485.910000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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      <invstOrSec>
        <name>TEXAS TRANSPORTATION FINANCE CORP</name>
        <lei>N/A</lei>
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          <isin value="US88283PAL13"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9332745.030000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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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>VIRGINIA BEACH DEVELOPMENT AUTHORITY</name>
        <lei>N/A</lei>
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        <cusip>92774NBB5</cusip>
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          <isin value="US92774NBB55"/>
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        <balance>3500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3820765.900000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7</annualizedRt>
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      <invstOrSec>
        <name>PUBLIC ENERGY AUTHORITY OF KENTUCKY INC</name>
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          <isin value="US74440DFC39"/>
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        <balance>1750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1853458.950000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>CLEAR CREEK TRANSIT METROPOLITAN DISTRICT NO 2</name>
        <lei>N/A</lei>
        <title>CLEAR CREEK TRANSIT MET DIST TRSFAC 12/50 FIXED 5</title>
        <cusip>184542AC2</cusip>
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          <isin value="US184542AC29"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COUNTY OF OSCEOLA FL TRANSPORTATION REVENUE</name>
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        <title>OSCEOLA CNTY FL TRANSPRTN REVE OSCTRN 10/35 ZEROCPNOID 0</title>
        <cusip>688031EQ2</cusip>
        <identifiers>
          <isin value="US688031EQ27"/>
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        <balance>1250000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>832310.630000</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>2035-10-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FULTON COUNTY RESIDENTIAL CARE</name>
        <lei>N/A</lei>
        <title>FULTON CNTY GA RSDL CARE FACS FULMED 04/56 FIXED 4</title>
        <cusip>360058FR7</cusip>
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          <isin value="US360058FR78"/>
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        <balance>2000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1539647.800000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CSCDA COMMUNITY IMPROVEMENT AUTHORITY</name>
        <lei>N/A</lei>
        <title>CSCDA CMNTY IMPT AUTH CA ESSEN CDAHSG 10/46 FIXED 3.4</title>
        <cusip>126292AJ0</cusip>
        <identifiers>
          <isin value="US126292AJ09"/>
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        <balance>790000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>628878.240000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>3.4</annualizedRt>
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      <invstOrSec>
        <name>SVB FINANCIAL TRUST</name>
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        <title>SVB FINL TR</title>
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        <balance>122000.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7930.000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>TOLL ROAD INVESTORS PARTNERSHIP II LP</name>
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        <curCd>USD</curCd>
        <valUSD>1980049.270000</valUSD>
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          <couponKind>None</couponKind>
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        <name>NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY</name>
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        <curCd>USD</curCd>
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        <name>NEW MEXICO MORTGAGE FINANCE AUTHORITY</name>
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        <name>COLORADO INTERNATIONAL CENTER METROPOLITAN DISTRICT NO 7</name>
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        <name>LONGS PEAK METROPOLITAN DISTRICT</name>
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        <name>BALDWIN COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</name>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <name>PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHORITY</name>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isLoanByFund>N</isLoanByFund>
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    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Total returns do not deduct sales loads and redemption fees." noteItem="B.5.a"/>

      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.c.vi"/>
      <explntrNote note="A negative balance, which may be due to such circumstances as a net overdraft as of the reporting period-end, is reported as $0 in Item B.2.f - Cash and cash equivalents not reported in Parts C and D.  This is done in order to conform to the technical constraints of the XML type, which do not allow negative values in B.2.f." noteItem="B.2.f"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.d.iii"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.e.iii"/>
      <explntrNote note="The form requires the filer to report ISO country codes and certain supranational entities are not on the ISO country code list.  Instruments issued by or economic exposure to a supranational entity may be disclosed as N/A." noteItem="C.5.a"/>
      <explntrNote note="To the extent an instrument's maturity date, termination date, expiration date, or settlement date does not exist or is not available as of period end, and is required for reporting, the registrant will disclose 12/31/2500." noteItem="C.11.f.ii"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-05-26</ncom:dateSigned>
      <ncom:nameOfApplicant>PIMCO Flexible Municipal Income Fund</ncom:nameOfApplicant>
      <ncom:signature>/s/ Bijal Parikh</ncom:signature>
      <ncom:signerName>Bijal Parikh</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
