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        <name>Capital Region Airport Commission</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>Florida Gulf Coast University Financing Corp.</name>
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        <name>Conroe Local Government Corp.</name>
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        <name>San Antonio Water System</name>
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        <name>Commonwealth of Kentucky</name>
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        <name>Indiana Finance Authority</name>
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        <name>University of Arkansas</name>
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        <name>Florida Atlantic University Finance Corp.</name>
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        <title>Florida Atlantic University Finance Corp., Student Housing Project</title>
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        <name>City of Lehi UT Sales Tax Revenue</name>
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        <name>Main Street Natural Gas, Inc.</name>
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      <invstOrSec>
        <name>Swarthmore Borough Authority</name>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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      <invstOrSec>
        <name>Montgomery County Public Facilities Authority/AL</name>
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        <name>Public Finance Authority</name>
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          <maturityDt>2054-06-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Minneapolis MN</name>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Note</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Inhouse Sedol" value="TYH2COS"/>
          <other otherDesc="Future Ticker" value="TYH2 Comdty"/>
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      <invstOrSec>
        <name>Lancaster Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US51434NAR98"/>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204EZA99"/>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>State of Illinois</name>
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        <name>Florida Atlantic University Finance Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>UAB Medicine Finance Authority</name>
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        <name>Ennis Independent School District</name>
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        <name>Bay Area Toll Authority</name>
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      <invstOrSec>
        <name>Western Michigan University</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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      <invstOrSec>
        <name>City of El Paso TX</name>
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      <invstOrSec>
        <name>Cypress-Fairbanks Independent School District</name>
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          <isin value="US2327603C00"/>
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        <name>Arizona Industrial Development Authority</name>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
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        <name>Abington School District</name>
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        <name>District of Columbia</name>
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        <name>Michigan State Housing Development Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>East Bay Municipal Utility District Wastewater System Revenue</name>
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        <name>Idaho Health Facilities Authority</name>
        <lei>549300X43KY1C2WW0J97</lei>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>Village of Midlothian IL</name>
        <lei>N/A</lei>
        <title>Village of Midlothian</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2024-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Greenfield Middle School Building Corp.</name>
        <lei>N/A</lei>
        <title>Greenfield Middle School Building Corp., Ad Valorem Property Tax First Mortgage</title>
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          <isin value="US39501PGH38"/>
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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>2031-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Grand River Dam Authority</name>
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        <title>Grand River Dam Authority</title>
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          <isin value="US386442VE40"/>
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        <balance>10000.00000000</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>
        <debtSec>
          <maturityDt>2022-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
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          <isin value="US68607DQG33"/>
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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>2022-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Cincinnati</name>
        <lei>549300E0RD3ICJ858L23</lei>
        <title>University of Cincinnati, General Receipts</title>
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          <isin value="US914119F983"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rapid City Area School District No. 51-4/SD</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Minnesota Housing Finance Agency</name>
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        <balance>355000.00000000</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>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Reno NV</name>
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        <title>City of Reno, Sales Tax, Senior Lien, ReTrac-Reno Transportation Rail Access Corridor Project, Series B</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Riverside Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Riverside Public Financing Authority, Riverside Pavement Rehabilitation Project</title>
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          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
        <title>Dallas Fort Worth International Airport</title>
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          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Triad Educational Services, Inc.</title>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Campbell Union High School District</name>
        <lei>N/A</lei>
        <title>County of Santa Clara, Campbell Union High School District</title>
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        <name>University of Arizona (The)</name>
        <lei>N/A</lei>
        <title>University of Arizona (The)</title>
        <cusip>040484NT0</cusip>
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          <isin value="US040484NT03"/>
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        <name>Highland Park Independent School District/Dallas County</name>
        <lei>N/A</lei>
        <title>Highland Park Independent School District, Dallas County, Unlimited Tax</title>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Burke NC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US13059TFA25"/>
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      <invstOrSec>
        <name>Town of New Canaan CT</name>
        <lei>N/A</lei>
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        <name>Washington State Housing Finance Commission</name>
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        <name>County of Sarasota FL Utility System Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
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        <name>Vermont Student Assistance Corp.</name>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
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      <invstOrSec>
        <name>City of Burlington VT</name>
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          <maturityDt>2039-11-01</maturityDt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp./LA</name>
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        <name>City of Lynnwood WA Utility Revenue</name>
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        <name>Delaware State Health Facilities Authority</name>
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        <name>County of Warren OH</name>
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        <name>Transport Metropolitan District No. 3</name>
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        <name>Indiana Finance Authority</name>
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        <name>Duluth Independent School District No. 709</name>
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        <name>Moulton-Niguel Water District</name>
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      <invstOrSec>
        <name>City of South Miami Health Facilities Authority, Inc.</name>
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      <invstOrSec>
        <name>Brighton Crossing Metropolitan District No. 6</name>
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      <invstOrSec>
        <name>Hoffman Estates Park District</name>
        <lei>N/A</lei>
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        <name>New Jersey Economic Development Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Greenville City School District</name>
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          <maturityDt>2041-01-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Mississippi Development Bank</name>
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          <maturityDt>2033-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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          <maturityDt>2051-06-01</maturityDt>
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        <name>Truckee Meadows Water Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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          <maturityDt>2033-03-01</maturityDt>
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        <name>South Monterey County Joint Union High School District</name>
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        <name>District of Columbia</name>
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        <name>Mifflinburg Area School District</name>
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        <name>County of Hillsborough FL</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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          <isin value="US888808HR61"/>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Ingleside Independent School District/TX</name>
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        <name>North Carolina Housing Finance Agency</name>
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        <name>Rim of the World Unified School District</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Eastern Municipal Water District Financing Authority</name>
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          <maturityDt>2038-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Iowa Finance Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Atlantic County Improvement Authority (The)</name>
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        <name>Orange County Convention Center/Orlando</name>
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        <name>Illinois State Toll Highway Authority</name>
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          <maturityDt>2031-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Western Michigan University</name>
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          <isin value="US958638XR43"/>
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        <name>City of Eugene OR Electric Utility System Revenue</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>District of Columbia</name>
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        <name>Public Finance Authority</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>City &amp; County Honolulu HI Wastewater System Revenue</name>
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        <name>City of Lucas TX</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Niles Community Schools/MI</name>
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        <name>El Monte City School District/CA</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>Michigan Finance Authority</name>
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      <invstOrSec>
        <name>City of Greenwood SC Combined Public Utility Revenue</name>
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          <isin value="US397316MZ04"/>
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      <invstOrSec>
        <name>South Broward Hospital District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Los Angeles County Metropolitan Transportation Authority</name>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>Pennsylvania Economic Development Financing Authority, Waste Management, Inc., Project</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>2.80000080</annualizedRt>
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      <invstOrSec>
        <name>University of Delaware</name>
        <lei>KPIOJCFMR70NWLS6O145</lei>
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          <isin value="US914245DV49"/>
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        <balance>500000.00000000</balance>
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          <maturityDt>2045-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Governmental Utility Authority</name>
        <lei>N/A</lei>
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          <isin value="US34281PUW12"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>New York State Urban Development Corp.</name>
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          <isin value="US6500357Y83"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-03-15</maturityDt>
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        <name>Indiana Municipal Power Agency</name>
        <lei>AX0ZCCVOQ71Z4RXBL233</lei>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>County of Hardin OH</name>
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        <name>Lancaster County Hospital Authority/PA</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>City of Cleveland TN</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Montgomery Water Works &amp; Sanitary Sewer Board</name>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2022-08-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Huntington Beach Union High School District</name>
        <lei>N/A</lei>
        <title>Huntington Beach Union High School District</title>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>City of Oak Ridge TN</name>
        <lei>N/A</lei>
        <title>City of Oak Ridge</title>
        <cusip>671783UQ9</cusip>
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          <isin value="US671783UQ98"/>
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        <valUSD>816560.14000000</valUSD>
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        <invCountry>US</invCountry>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Cleveland TN</name>
        <lei>N/A</lei>
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          <isin value="US186523CX20"/>
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        <curCd>USD</curCd>
        <valUSD>357041.67000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>North Dakota Housing Finance Agency</name>
        <lei>549300DVQAGW0B16JX70</lei>
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          <isin value="US658909FV39"/>
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        <curCd>USD</curCd>
        <valUSD>134551.87000000</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>2034-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>Port Authority of New York and New Jersey, Consolidated</title>
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          <isin value="US73358WVP66"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>55379.90000000</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>2024-05-01</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>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide</title>
        <cusip>13077DBD3</cusip>
        <identifiers>
          <isin value="US13077DBD30"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36484.08000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
        <title>Tennessee State School Bond Authority, Higher Educational Facilities Second Program, Series B</title>
        <cusip>880558HW4</cusip>
        <identifiers>
          <isin value="US880558HW48"/>
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        <balance>35000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>40987.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Los Angeles Department of Airports</name>
        <lei>N/A</lei>
        <title>City of Los Angeles Department of Airports, International Airport Subordinate</title>
        <cusip>5444352P4</cusip>
        <identifiers>
          <isin value="US5444352P40"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1326779.75000000</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>2038-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>New York City Water and Sewer System, Second General Resolution, Fiscal Year 2012</title>
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          <isin value="US64972F5Q57"/>
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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>2039-06-15</maturityDt>
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        <name>Public Finance Authority</name>
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          <maturityDt>2053-11-15</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Children's National Medical Center</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Sparkill-Palisades Fire District</name>
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        <title>Town of Orangetown, Rockland County, Sparkill-Palisades Fire District</title>
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        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
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        <name>New Jersey Economic Development Authority</name>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
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        <name>City &amp; County of Honolulu HI</name>
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        <invCountry>US</invCountry>
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        <name>State of Colorado</name>
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        <title>State of Colorado</title>
        <cusip>196711TV7</cusip>
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        <name>Montgomery County Industrial Development Authority/PA</name>
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        <name>Washington Metropolitan Area Transit Authority</name>
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          <maturityDt>2051-05-01</maturityDt>
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        <name>Utah Infrastructure Agency</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Yes Prep Public Schools, Inc.</title>
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          <maturityDt>2035-04-01</maturityDt>
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        <name>State of Illinois</name>
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        <name>University of North Dakota</name>
        <lei>N/A</lei>
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        <name>Massachusetts Development Finance Agency</name>
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          <maturityDt>2040-07-01</maturityDt>
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        <name>Vermont Student Assistance Corp.</name>
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          <maturityDt>2022-06-15</maturityDt>
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        <name>State of Connecticut Special Tax Revenue</name>
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        <name>Buffalo &amp; Erie County Industrial Land Development Corp.</name>
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        <name>Merrillville Building Corp.</name>
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        <name>Licking Heights Local School District</name>
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        <name>Lancaster County Hospital Authority/PA</name>
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          <isin value="US514045Q304"/>
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      <invstOrSec>
        <name>County of Pulaski AR</name>
        <lei>N/A</lei>
        <title>County of Pulaski, Arkansas Children's Hospital</title>
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          <isin value="US745392JD36"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montgomery County Housing Opportunities Commission</name>
        <lei>549300HDL0LLRHMDL092</lei>
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          <isin value="US6133492F58"/>
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      <invstOrSec>
        <name>Riverside County Transportation Commission</name>
        <lei>5493003G0IESJS57M350</lei>
        <title>Riverside County Transportation Commission, Sales Tax</title>
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          <isin value="US769125GH21"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Municipal Water District</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District, Wastewater System</title>
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          <isin value="US662835YY75"/>
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        <valUSD>17526.78000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Colorado Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Colorado Department of Transportation Headquarters Facilities, Headquarters Facilities Lease Purchase Agreement</title>
        <cusip>19645TBR7</cusip>
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          <isin value="US19645TBR77"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Newark Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Newark Higher Education Finance Corp., The Hughen Center, Inc.</title>
        <cusip>650346DQ9</cusip>
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          <isin value="US650346DQ93"/>
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        <curCd>USD</curCd>
        <valUSD>152181.82000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montana Facility Finance Authority</name>
        <lei>N/A</lei>
        <title>Montana Facility Finance Authority, SCL Health System</title>
        <cusip>61204KMY4</cusip>
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          <isin value="US61204KMY46"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of South Jordan UT</name>
        <lei>N/A</lei>
        <title>City of South Jordan, Sales Tax</title>
        <cusip>83854RDX8</cusip>
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          <isin value="US83854RDX89"/>
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        <balance>25000.00000000</balance>
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        <valUSD>31702.20000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Presence Health Network</title>
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          <isin value="US45204E6G87"/>
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        <balance>20000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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        <invCountry>US</invCountry>
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        <name>Eastern Municipal Water District Financing Authority</name>
        <lei>N/A</lei>
        <title>Eastern Municipal Water District Financing Authority, Water and Wastewater System</title>
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          <isin value="US27677SBM44"/>
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        <invCountry>US</invCountry>
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        <name>Rapid City Area School District No. 51-4/SD</name>
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        <title>Rapid City Area School District No. 51-4, Limited Tax, Capital Outlay</title>
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          <isin value="US753351ML67"/>
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        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Green Dot Public School Projects, Series 2018A</title>
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          <isin value="US13059TFC80"/>
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        <name>Northeast Ohio Medical University</name>
        <lei>N/A</lei>
        <title>Northeast Ohio Medical University</title>
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          <isin value="US66433RBE71"/>
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        <name>Campbell Union High School District</name>
        <lei>N/A</lei>
        <title>County of Santa Clara, Campbell Union High School District</title>
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        <name>State of Louisiana</name>
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        <title>State of Louisiana</title>
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        <name>Western Michigan University</name>
        <lei>N/A</lei>
        <title>Western Michigan University, Tax Exempt</title>
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          <isin value="US958638YA09"/>
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        <assetCat>DBT</assetCat>
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        <name>Westchester Tobacco Asset Securitization Corp.</name>
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        <name>Douglas County Hospital Authority No. 2</name>
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      <invstOrSec>
        <name>Greenfield Middle School Building Corp.</name>
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      <invstOrSec>
        <name>University of Massachusetts Building Authority</name>
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        <name>Southeast Alabama Gas Supply District (The)</name>
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        <name>New Jersey Turnpike Authority</name>
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        <lei>N/A</lei>
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        <name>Public Finance Authority</name>
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        <name>City of Salt Lake City UT Airport Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cleveland-Cuyahoga County Port Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Grand Rapids Charter Township Economic Development Corp.</name>
        <lei>N/A</lei>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>Commonwealth of Massachusetts Transportation Fund Revenue</name>
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        <name>Florida Gulf Coast University Financing Corp.</name>
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        <name>Georgia Housing &amp; Finance Authority</name>
        <lei>549300I628IMF9PWV724</lei>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>Clarksville Redevelopment Authority</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Village of Midlothian IL</name>
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        <name>County of Victoria TX</name>
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        <name>City of Tampa FL</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Lake County Community Consolidated School District No. 3 Beach Park</name>
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        <name>Indiana Finance Authority</name>
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        <name>Carroll City-County Hospital Authority</name>
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        <name>Public Power Generation Agency</name>
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        <name>New York City Water &amp; Sewer System</name>
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      <invstOrSec>
        <name>Glynn-Brunswick Memorial Hospital Authority</name>
        <lei>N/A</lei>
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          <isin value="US380037HC85"/>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Burlington VT</name>
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          <maturityDt>2037-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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          <isin value="US64971XDN57"/>
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          <maturityDt>2039-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Plano Independent School District</name>
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          <maturityDt>2026-02-15</maturityDt>
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        <name>City of Cleveland TN</name>
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        <name>Indiana Finance Authority</name>
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        <name>South Dakota Housing Development Authority</name>
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        <name>State of New Jersey</name>
        <lei>N/A</lei>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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        <name>State of Colorado</name>
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        <name>Suffolk County Economic Development Corp.</name>
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        <name>City of Greenwood SC Combined Public Utility Revenue</name>
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        <name>City of Greenwood SC Combined Public Utility Revenue</name>
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        <name>CSCDA Community Improvement Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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      <invstOrSec>
        <name>Utility Debt Securitization Authority</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>City of Rochester MN</name>
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        <name>South Dakota Housing Development Authority</name>
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          <maturityDt>2045-11-01</maturityDt>
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        <name>Minnesota Housing Finance Agency</name>
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          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Lafayette Consolidated Government</name>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Bryan TX Electric System Revenue</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-07-01</maturityDt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp.</title>
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          <isin value="US888808HQ88"/>
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          <maturityDt>2046-06-01</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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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Metropolitan Transit Authority of Harris County Sales &amp; Use Tax Revenue</name>
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        <cusip>41422EES8</cusip>
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        <name>City of Houston TX Airport System Revenue</name>
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        <name>Village of Midlothian IL</name>
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        <name>Mississippi Development Bank</name>
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        <name>Central Plains Energy Project</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Idea Public Schools, Series 2016B</title>
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      <invstOrSec>
        <name>City of Ruston LA</name>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Greenwood SC Combined Public Utility Revenue</name>
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          <isin value="US397316NB27"/>
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        <name>South Carolina State Housing Finance &amp; Development Authority</name>
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          <maturityDt>2047-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Oregon Department of Transportation</name>
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          <isin value="US68607DUN38"/>
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          <maturityDt>2042-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
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        <title>Arizona Industrial Development Authority, Great Lakes Senior Living Communities LLC Project</title>
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          <isin value="US04052TAW53"/>
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      <invstOrSec>
        <name>West Mifflin School District</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Atlantic County Improvement Authority (The)</name>
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        <name>State of Illinois Sales Tax Revenue</name>
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        <name>Indiana Finance Authority</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
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        <name>California State University</name>
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        <name>Central Texas Regional Mobility Authority</name>
        <lei>N/A</lei>
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        <name>Vermont Municipal Bond Bank</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Huntington Beach Union High School District</name>
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        <name>Massachusetts Housing Finance Agency</name>
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        <name>New Hampshire Business Finance Authority</name>
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        <name>California Public Finance Authority</name>
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        <name>Killeen Independent School District</name>
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        <name>Maricopa County Unified School District No. 11-Peoria</name>
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        <name>California School Finance Authority</name>
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        <name>El Paso County Hospital District</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>Alta Loma School District</name>
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        <name>Florida Gulf Coast University Financing Corp.</name>
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        <name>Aurora Independent School District No. 2711</name>
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        <name>California State University</name>
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        <name>Central Dauphin School District</name>
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        <name>Delaware City School District</name>
        <lei>N/A</lei>
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        <name>West Cornwall Township Municipal Authority</name>
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        <name>City of Raleigh NC</name>
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        <name>Village of Arlington Heights IL</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <name>Montgomery Water Works &amp; Sanitary Sewer Board</name>
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        <name>Downtown Development Authority of The City of Dalton</name>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
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        <name>Delaware State Health Facilities Authority</name>
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        <name>Stafford Municipal School District</name>
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        <name>Northern Illinois University</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <lei>N/A</lei>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>Indiana Finance Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>City of Pawtucket RI</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Community Unit School District No. 427 DeKalb and Kane Counties Illinois</name>
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        <name>Denver Health &amp; Hospital Authority</name>
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        <name>Pennsylvania Housing Finance Agency</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Lancaster County Hospital Authority/PA</name>
        <lei>N/A</lei>
        <title>Lancaster County Hospital Authority, Health Center, Masonic Villages Project</title>
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          <isin value="US514045Q221"/>
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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>Sparkill-Palisades Fire District</name>
        <lei>N/A</lei>
        <title>Town of Orangetown, Rockland County, Sparkill-Palisades Fire District</title>
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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>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>64578EME4</cusip>
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          <isin value="US64578EME40"/>
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        <valUSD>3247272.56000000</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>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152P88</cusip>
        <identifiers>
          <isin value="US452152P882"/>
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        <balance>325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>365207.28000000</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>2024-11-01</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>Tooele County Municipal Building Authority</name>
        <lei>N/A</lei>
        <title>Tooele County Municipal Building Authority, Cross-Over Lease</title>
        <cusip>890342BG2</cusip>
        <identifiers>
          <isin value="US890342BG28"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28222.07000000</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>2042-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
        <title>New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2017</title>
        <cusip>64971W7C8</cusip>
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          <isin value="US64971W7C82"/>
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        <balance>375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>425340.71000000</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>2044-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Ohio</name>
        <lei>5493005LEB5E170OMX59</lei>
        <title>State of Ohio, Higher Education</title>
        <cusip>677522F90</cusip>
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          <isin value="US677522F902"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1824884.10000000</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>2033-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Miami-Dade FL</name>
        <lei>549300QG0NBD9HULR263</lei>
        <title>County of Miami-Dade, Subordinate Special Obligation</title>
        <cusip>59333NYW7</cusip>
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          <isin value="US59333NYW72"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>116942.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Crossing Metropolitan District No. 2</name>
        <lei>N/A</lei>
        <title>Colorado Crossing Metropolitan District No. 2, Limited Tax</title>
        <cusip>19645YAD8</cusip>
        <identifiers>
          <isin value="US19645YAD85"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2150721.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
        <lei>549300IWTBCMX5JB3277</lei>
        <title>Health and Educational Facilities Authority of the State of Missouri, SSM Health System</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Ohio Higher Educational Facility Commission</name>
        <lei>5493007MQT6NGNN6BR81</lei>
        <title>Ohio Higher Educational Facility Commission, University of Dayton 2020 Project</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>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Winnebago &amp; Boone Counties School District No. 205 Rockford</name>
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        <cusip>974535LW4</cusip>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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        <name>Northampton County General Purpose Authority</name>
        <lei>N/A</lei>
        <title>Northampton County General Purpose Authority, Moravian College Project</title>
        <cusip>66353LCY1</cusip>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>64990BUN1</cusip>
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        <balance>15000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Equitable School Revolving Fund</title>
        <cusip>04052FBU8</cusip>
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          <isin value="US04052FBU84"/>
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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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          <maturityDt>2045-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, National Public Radio, Inc.</title>
        <cusip>25483VRC0</cusip>
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          <isin value="US25483VRC09"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>27709.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2024-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>San Lorenzo Valley Unified School District/CA</name>
        <lei>N/A</lei>
        <title>San Lorenzo Valley Unified School District, Election of 2020</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2045-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Cook County Forest Preserve District</name>
        <lei>N/A</lei>
        <title>Cook County Forest Preserve District, Limited Tax</title>
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          <isin value="US213201RF59"/>
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        <balance>295000.00000000</balance>
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        <name>Allegheny County Hospital Development Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of New York Mortgage Agency</name>
        <lei>549300ZQWNLLIG564027</lei>
        <title>State of New York Mortgage Agency, Homeowner Mortgage</title>
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          <isin value="US649883R726"/>
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        <curCd>USD</curCd>
        <valUSD>216566.14000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project</title>
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        <identifiers>
          <isin value="US5463983E65"/>
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        <balance>1055000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1191502.34000000</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>2047-05-15</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>
      <invstOrSec>
        <name>Berks County Municipal Authority (The)</name>
        <lei>N/A</lei>
        <title>Berks County Municipal Authority (The), Tower Health Project</title>
        <cusip>084538JC2</cusip>
        <identifiers>
          <isin value="US084538JC28"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2333843.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Kipp DC Project</title>
        <cusip>25483VTR5</cusip>
        <identifiers>
          <isin value="US25483VTR59"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29583.68000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>City of El Paso TX</name>
        <lei>N/A</lei>
        <title>City of EI Paso, Combination Tax</title>
        <cusip>283734VR9</cusip>
        <identifiers>
          <isin value="US283734VR90"/>
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        <balance>475000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>510081.08000000</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>2040-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>County of El Paso CO</name>
        <lei>N/A</lei>
        <title>County of El Paso, The Colorado College Project</title>
        <cusip>28337LEE4</cusip>
        <identifiers>
          <isin value="US28337LEE48"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>321990.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>East Bay Municipal Utility District Water System Revenue</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District, Water System</title>
        <cusip>271014ZV7</cusip>
        <identifiers>
          <isin value="US271014ZV70"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>593477.50000000</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>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Marin General Hospital Project, Green Bond, Series 2018A</title>
        <cusip>13080SUG7</cusip>
        <identifiers>
          <isin value="US13080SUG73"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1547354.40000000</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>2045-08-01</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>Spartanburg County School District No. 7</name>
        <lei>N/A</lei>
        <title>Spartanburg County School District No. 7</title>
        <cusip>847082MJ0</cusip>
        <identifiers>
          <isin value="US847082MJ00"/>
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        <balance>1970000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2476369.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Philadelphia Authority for Industrial Development</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development, MAST Community Charter School II Project</title>
        <cusip>71780CAJ9</cusip>
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          <isin value="US71780CAJ99"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>382644.05000000</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>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Atlanta Rapid Transit Authority</name>
        <lei>5493006NVWO3NVLK0F49</lei>
        <title>Metropolitan Atlanta Rapid Transit Authority, Sales Tax, Third Indenture</title>
        <cusip>591745B86</cusip>
        <identifiers>
          <isin value="US591745B869"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>140627.61000000</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>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>Vermont Student Assistance Corp., Education Loan</title>
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          <isin value="US92428CLM46"/>
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        <balance>765000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Idea Public Schools</title>
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          <isin value="US187145BZ90"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santa Maria Joint Union High School District</name>
        <lei>5493006E0NB791MBEL10</lei>
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          <isin value="US802309KU74"/>
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        <curCd>USD</curCd>
        <valUSD>1151007.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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      <invstOrSec>
        <name>UAB Medicine Finance Authority</name>
        <lei>N/A</lei>
        <title>UAB Medicine Finance Authority</title>
        <cusip>902562CH8</cusip>
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          <isin value="US902562CH89"/>
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        <balance>30000.00000000</balance>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania</title>
        <cusip>709144PB9</cusip>
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          <isin value="US709144PB94"/>
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        <balance>1200000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
        <title>City of Baltimore, Water Projects</title>
        <cusip>059231R51</cusip>
        <identifiers>
          <isin value="US059231R515"/>
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        <balance>270000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323398.71000000</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>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor System</name>
        <lei>N/A</lei>
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        <name>East Central Regional Wastewater Treatment Facilities Operation Board</name>
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        <name>Texas Water Development Board</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>University of North Carolina at Chapel Hill</name>
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        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Greenwood Metropolitan District/SC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Temple TX</name>
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          <isin value="US880064X620"/>
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        <name>Texas Water Development Board</name>
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          <isin value="US882854Z395"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Special Obligation, Water and Sewer System Project</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-12-01</maturityDt>
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      <invstOrSec>
        <name>Miami University/Oxford OH</name>
        <lei>N/A</lei>
        <title>Miami University, General Receipts</title>
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        <name>Community Unit School District No. 427 DeKalb and Kane Counties Illinois</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Will County School District No. 86 Joliet</name>
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        <name>San Lorenzo Valley Unified School District/CA</name>
        <lei>N/A</lei>
        <title>San Lorenzo Valley Unified School District, Election of 2020</title>
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        <name>Huntington Beach Union High School District</name>
        <lei>N/A</lei>
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        <name>North Dakota Housing Finance Agency</name>
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        <name>Raindance Metropolitan District No. 1 Non-Potable Water System Revenue</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
        <lei>N/A</lei>
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        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
        <title>Los Angeles Unified School District, Election of 2008</title>
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        <name>City of Goshen IN</name>
        <lei>N/A</lei>
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        <name>Public Power Generation Agency</name>
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        <name>Pike County School District Finance Corp.</name>
        <lei>N/A</lei>
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        <name>Aurora Independent School District No. 2711</name>
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        <name>Oklahoma Development Finance Authority</name>
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        <name>Whitehall District Schools</name>
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        <name>Pasadena Independent School District</name>
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        <name>Village of Hoffman Estates IL</name>
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        <name>New York State Environmental Facilities Corp.</name>
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        <name>Franklin-Mckinley School District</name>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
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          <isin value="US79467BCJ26"/>
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          <maturityDt>2043-01-01</maturityDt>
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      <invstOrSec>
        <name>Las Vegas Convention &amp; Visitors Authority</name>
        <lei>N/A</lei>
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          <isin value="US51771FAU03"/>
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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>2049-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US64990GSL76"/>
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          <couponKind>Fixed</couponKind>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
        <title>California Health Facilities Financing Authority, On Lok Senior Health Service</title>
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          <isin value="US13032UYJ14"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <title>Connecticut State Health and Educational Facilities Authority, Sacred Heart University</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Utah Infrastructure Agency</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>County of Franklin OH</name>
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        <name>American Municipal Power, Inc.</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>Massachusetts Housing Finance Agency, Single Family Housing</title>
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          <maturityDt>2043-12-01</maturityDt>
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        <name>Lancaster Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Lancaster Industrial Development Authority, Landis Homes Retirement Community Project</title>
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        <name>City of Rockford IL</name>
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        <name>Norfolk Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Norfolk Economic Development Authority, Sentara Healthcare</title>
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        <name>City of Tallahassee FL Utility System Revenue</name>
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        <title>City of Tallahassee, Utility System</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Southcoast Health System Obligated Group Issue</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <lei>N/A</lei>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
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          <isin value="US592190NL22"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Lowell MA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Colorado Health Facilities Authority</name>
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          <isin value="US19648FKT02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
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          <isin value="US594698RM61"/>
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        <balance>750000.00000000</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>
        <debtSec>
          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Trussville AL</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Village of Midlothian IL</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Round Rock Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US779240LH15"/>
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        <name>County of Cook IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lafayette Consolidated Government</name>
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        <invCountry>US</invCountry>
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        <name>Athens City School District</name>
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        <name>County of Galveston TX</name>
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        <name>County of Adams CO</name>
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        <name>Frisco Independent School District</name>
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        <name>Monroe County Industrial Development Corp./NY</name>
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        <name>County of Burke NC</name>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>Washington Health Care Facilities Authority, Seattle Cancer Care Alliance</title>
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        <name>Florida Governmental Utility Authority</name>
        <lei>N/A</lei>
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        <name>Santa Clara Valley Transportation Authority</name>
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          <maturityDt>2035-07-15</maturityDt>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Central Plains Energy Project</name>
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        <name>Kentucky Turnpike Authority</name>
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        <name>Georgia Higher Education Facilities Authority</name>
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        <name>University of Massachusetts Building Authority</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
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        <name>Public Finance Authority</name>
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          <maturityDt>2040-12-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Dalton Whitfield County Joint Development Authority</name>
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        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
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        <name>University of Utah (The)</name>
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        <name>Pierce &amp; Lewis Counties School District No. 404</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>DuPage &amp; Cook Counties Township High School District No. 86 Hinsdale</name>
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        <name>County of Williamson TN</name>
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        <name>City of Port St. Lucie FL Utility System Revenue</name>
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        <name>Red Oak Independent School District</name>
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      </invstOrSec>
      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
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          <isin value="US92428CLL62"/>
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        <valUSD>576452.97000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Village of Tuxedo Park NY</name>
        <lei>N/A</lei>
        <title>Village of Tuxedo Park, Public Improvement</title>
        <cusip>901136EZ0</cusip>
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          <isin value="US901136EZ01"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52168.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Transport Metropolitan District No. 3</name>
        <lei>N/A</lei>
        <title>Transport Metropolitan District No. 3, Limited Tax</title>
        <cusip>89386FAB9</cusip>
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          <isin value="US89386FAB94"/>
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        <balance>1700000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1904280.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Houston TX Combined Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Houston, Combined Utility System, Junior Lien</title>
        <cusip>4424362G5</cusip>
        <identifiers>
          <isin value="US4424362G59"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3681995.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Dedicated Tax Fund</title>
        <cusip>59259N5Q2</cusip>
        <identifiers>
          <isin value="US59259N5Q27"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>29969.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="WNH2COS"/>
          <other otherDesc="Future Ticker" value="WNH2 Comdty"/>
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        <balance>-11.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-59516.39000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>United States of America</issuerName>
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            <expDate>2022-03-22</expDate>
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            <unrealizedAppr>-59516.39000000</unrealizedAppr>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Orange County Health Facilities Authority</name>
        <lei>N/A</lei>
        <title>Orange County Health Facilities Authority, Orlando Health Obligated Group</title>
        <cusip>68450LER2</cusip>
        <identifiers>
          <isin value="US68450LER24"/>
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        <balance>215000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>236902.22000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Medical Care Commission</name>
        <lei>549300FH6KOXGCHQYG81</lei>
        <title>North Carolina Medical Care Commission, Caromont Health</title>
        <cusip>65820HN90</cusip>
        <identifiers>
          <isin value="US65820HN902"/>
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        <balance>1095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1289720.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-02-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.00000040</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Greenville City School District</name>
        <lei>N/A</lei>
        <title>Greenville City School District, School Improvement</title>
        <cusip>396352FC5</cusip>
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          <isin value="US396352FC56"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1004136.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of King WA Sewer Revenue</name>
        <lei>N/A</lei>
        <title>County of King, Sewer, Series 2102C</title>
        <cusip>495289D72</cusip>
        <identifiers>
          <isin value="US495289D721"/>
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        <balance>40000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41117.12000000</valUSD>
        <pctVal>0.005888446577</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut</title>
        <cusip>20772J2Q4</cusip>
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          <isin value="US20772J2Q42"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>30036.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Claremont McKenna College, Series 2015A</title>
        <cusip>130179DN1</cusip>
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          <isin value="US130179DN18"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>554027.05000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Lakeland FL</name>
        <lei>XRPK4ZALF4437WO3JQ94</lei>
        <title>City of Lakeland, Capital Improvement, Series 2021A</title>
        <cusip>511662DA3</cusip>
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        <balance>200000.00000000</balance>
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        <valUSD>291720.38000000</valUSD>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Private Colleges &amp; Universities Authority</name>
        <lei>N/A</lei>
        <title>Private Colleges and Universities Authority, Emory University</title>
        <cusip>74265LU22</cusip>
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          <isin value="US74265LU229"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>893153.48000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Vermont Housing Finance Agency</name>
        <lei>549300RD7EYN90K0W008</lei>
        <title>Vermont Housing Finance Agency, Multiple Purpose</title>
        <cusip>924190KG5</cusip>
        <identifiers>
          <isin value="US924190KG50"/>
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        <balance>140000.00000000</balance>
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        <valUSD>149757.83000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>County of Warren OH</name>
        <lei>N/A</lei>
        <title>County of Warren, Healthcare Facilities, Otterbein Homes Obligated Group</title>
        <cusip>93515PCM7</cusip>
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          <isin value="US93515PCM77"/>
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        <balance>35000.00000000</balance>
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        <valUSD>40348.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Broadway Park North Metropolitan District No. 2</name>
        <lei>N/A</lei>
        <title>Broadway Park North Metropolitan District No. 2, Limited Tax</title>
        <cusip>111561AC0</cusip>
        <identifiers>
          <isin value="US111561AC02"/>
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        <balance>650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>712042.37000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Texas Woman's University</name>
        <lei>N/A</lei>
        <title>Texas Woman's University, Financing System</title>
        <cusip>882874GG9</cusip>
        <identifiers>
          <isin value="US882874GG91"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11315.07000000</valUSD>
        <pctVal>0.001620448738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>George L Smith II Congress Center Authority</name>
        <lei>N/A</lei>
        <title>George L Smith II Congress Center Authority, Convention Center Hotel Second</title>
        <cusip>37255MAF2</cusip>
        <identifiers>
          <isin value="US37255MAF23"/>
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        <balance>1145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1331459.36000000</valUSD>
        <pctVal>0.190680361656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
        <cusip>79467BBT1</cusip>
        <identifiers>
          <isin value="US79467BBT17"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4089993.95000000</valUSD>
        <pctVal>0.585734382129</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>Michigan State Building Authority, Facilities Program</title>
        <cusip>594615FU5</cusip>
        <identifiers>
          <isin value="US594615FU57"/>
        </identifiers>
        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56469.92000000</valUSD>
        <pctVal>0.008087144896</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp., State Sales Tax</title>
        <cusip>64985TAL5</cusip>
        <identifiers>
          <isin value="US64985TAL52"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2533095.40000000</valUSD>
        <pctVal>0.362768524142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</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>Capital Region Airport Commission</name>
        <lei>N/A</lei>
        <title>Capital Region Airport Commission, Richmond International Airport, Series 2016A</title>
        <cusip>140442FU3</cusip>
        <identifiers>
          <isin value="US140442FU33"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>391640.38000000</valUSD>
        <pctVal>0.056087426729</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2021-12-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust II</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
