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        <name>Michigan St Trunk Line</name>
        <lei>CADMV8WVNQO7XM117W54</lei>
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        <name>New York Ny</name>
        <lei>549300ABYZD2SFD5JB29</lei>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Chicago Il</name>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Francisco Calif City &amp;cnty Arpts Commn Intl Arpt Rev</name>
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          <isin value="US79766DGF06"/>
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        <valUSD>5489288.50000000</valUSD>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Massachusetts St Sch Bldg Auth Sales Tax Revenue</name>
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          <isin value="US576000YW78"/>
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        <debtSec>
          <maturityDt>2045-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Sacramento City Ca Unif Sch Dist</name>
        <lei>N/A</lei>
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        <name>San Diego Cnty Ca Regl Arpt Auth Airport Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>San Francisco Ca Bay Area Rapid Transit Dist</name>
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        <name>South Carolina St Public Svc Auth Revenue</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035AV73</cusip>
        <identifiers>
          <isin value="US88035AV734"/>
        </identifiers>
        <balance>-4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4000000.00000000</valUSD>
        <pctVal>-2.69492931783</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.22000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035AXT3</cusip>
        <identifiers>
          <isin value="US88035AXT32"/>
        </identifiers>
        <balance>-3400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3400000.00000000</valUSD>
        <pctVal>-2.29068992016</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.21000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035AZA2</cusip>
        <identifiers>
          <isin value="US88035AZA23"/>
        </identifiers>
        <balance>-4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4000000.00000000</valUSD>
        <pctVal>-2.69492931783</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035D3Z6</cusip>
        <identifiers>
          <isin value="US88035D3Z69"/>
        </identifiers>
        <balance>-2400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2400000.00000000</valUSD>
        <pctVal>-1.61695759070</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DAU9</cusip>
        <identifiers>
          <isin value="US88035DAU90"/>
        </identifiers>
        <balance>-3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3000000.00000000</valUSD>
        <pctVal>-2.02119698837</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.45000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DBM6</cusip>
        <identifiers>
          <isin value="US88035DBM65"/>
        </identifiers>
        <balance>-3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3750000.00000000</valUSD>
        <pctVal>-2.52649623547</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.29000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DBS3</cusip>
        <identifiers>
          <isin value="US88035DBS36"/>
        </identifiers>
        <balance>-2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2250000.00000000</valUSD>
        <pctVal>-1.51589774128</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.22000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DDD4</cusip>
        <identifiers>
          <isin value="US88035DDD49"/>
        </identifiers>
        <balance>-3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3600000.00000000</valUSD>
        <pctVal>-2.42543638605</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DNS0</cusip>
        <identifiers>
          <isin value="US88035DNS08"/>
        </identifiers>
        <balance>-2520000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2520000.00000000</valUSD>
        <pctVal>-1.69780547023</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.19000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DNU5</cusip>
        <identifiers>
          <isin value="US88035DNU53"/>
        </identifiers>
        <balance>-8000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-8000000.00000000</valUSD>
        <pctVal>-5.38985863567</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DSE6</cusip>
        <identifiers>
          <isin value="US88035DSE66"/>
        </identifiers>
        <balance>-3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3750000.00000000</valUSD>
        <pctVal>-2.52649623547</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.03000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DVM4</cusip>
        <identifiers>
          <isin value="US88035DVM46"/>
        </identifiers>
        <balance>-4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4000000.00000000</valUSD>
        <pctVal>-2.69492931783</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.21000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DXC4</cusip>
        <identifiers>
          <isin value="US88035DXC46"/>
        </identifiers>
        <balance>-6000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-6000000.00000000</valUSD>
        <pctVal>-4.04239397675</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.05000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DZF5</cusip>
        <identifiers>
          <isin value="US88035DZF58"/>
        </identifiers>
        <balance>-1015000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1015000.00000000</valUSD>
        <pctVal>-0.68383831440</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DZH1</cusip>
        <identifiers>
          <isin value="US88035DZH15"/>
        </identifiers>
        <balance>-1275000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1275000.00000000</valUSD>
        <pctVal>-0.85900872006</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.18000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035EBS1</cusip>
        <identifiers>
          <isin value="US88035EBS19"/>
        </identifiers>
        <balance>-2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2000000.00000000</valUSD>
        <pctVal>-1.34746465891</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.27000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035FP20</cusip>
        <identifiers>
          <isin value="US88035FP206"/>
        </identifiers>
        <balance>-3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3750000.00000000</valUSD>
        <pctVal>-2.52649623547</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-05-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.20000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GGN2</cusip>
        <identifiers>
          <isin value="US88035GGN25"/>
        </identifiers>
        <balance>-1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1600000.00000000</valUSD>
        <pctVal>-1.07797172713</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
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        <name>Bny Mellon Strategic Municipals Inc</name>
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      <invstOrSec>
        <name>Pioneer Municipal High Income Advantage Fund Inc</name>
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      <invstOrSec>
        <name>Blackrock Liquidity Funds Municash</name>
        <lei>549300RWBJ885673DL84</lei>
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      <invstOrSec>
        <name>Blackrock Muniholdings Fund Inc</name>
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        <name>Blackrock Muniholdings New York Quality Fund Inc</name>
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      <invstOrSec>
        <name>Blackrock Muniyield Michigan Quality Fund Inc</name>
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        <name>Western Asset Managed Municipals Fund Inc</name>
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        <name>Blackrock Muniyield Quality Fund Inc</name>
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        <name>Blackrock Muniassets Fund Inc</name>
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        <name>Blackrock Muniholdings California Quality Fund Inc</name>
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        <name>Blackrock Muniholdings Quality Fund Ii Inc</name>
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        <name>Blackrock Municipal Income Fund Inc</name>
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        <name>Blackrock Munivest Fund Inc</name>
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        <name>Blackrock Munivest Fund Ii Inc</name>
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        <name>Blackrock Muniyield Fund Inc</name>
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        <name>Blackrock Muniyield Quality Fund Iii Inc</name>
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        <name>Blackrock Muniyield New York Quality Fund Inc</name>
        <lei>158AYFGDRFUGVL3TD012</lei>
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        <name>Nuveen California Quality Municipal Income Fund</name>
        <lei>549300ZT6V9X5U9BHR46</lei>
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        <name>Nuveen Quality Municipal Income Fund</name>
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        <name>Neuberger Berman Municipal Fund Inc</name>
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        <name>Nuveen Amt-free Quality Municipal Income Fund</name>
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        <name>Nuveen New York Municipal Value Fund</name>
        <lei>549300NZ3QOSIW1ZM615</lei>
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        <name>Nuveen Municipal Value Fund Inc</name>
        <lei>549300TFLBQ7LJSP8B20</lei>
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        <name>Nuveen Amt-free Municipal Value Fund</name>
        <lei>5493002K5IM2S29FUR04</lei>
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        <name>Nuveen Amt-free Municipal Credit Income Fund</name>
        <lei>549300LBMO1C0IG71T03</lei>
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    <signature>
      <ncom:dateSigned>2024-10-30</ncom:dateSigned>
      <ncom:nameOfApplicant>RiverNorth Managed Duration Municipal Income Fund II Inc.</ncom:nameOfApplicant>
      <ncom:signature>Jonathan M. Mohrhardt</ncom:signature>
      <ncom:signerName>Jonathan M. Mohrhardt</ncom:signerName>
      <ncom:title>Treasurer &amp; Chief Financial Officer</ncom:title>
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  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
