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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>
        <lei>N/A</lei>
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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>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>County of Clark NV</name>
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          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Connecticut, Special Tax Transportation Infrastructure Purposes</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montgomery County Public Facilities Authority/AL</name>
        <lei>N/A</lei>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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          <isin value="US744396FN78"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2054-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Minneapolis MN</name>
        <lei>54930069TEI1INHRHS55</lei>
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        <valUSD>3273736.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <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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          <isin value="US51434NAR98"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority, Southern Illinois Healthcare Enterprises, Inc., Series 2017C</title>
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          <isin value="US45204EZA99"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
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        <name>State of Illinois</name>
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          <maturityDt>2028-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Florida Atlantic University Finance Corp.</name>
        <lei>N/A</lei>
        <title>Florida Atlantic University Finance Corp., Student Housing Project</title>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>County of Cambria PA</name>
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          <maturityDt>2035-08-01</maturityDt>
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        <name>Massachusetts Development Finance Agency</name>
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        <title>Massachusetts Development Finance Agency, Boston College Issue</title>
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        <name>UAB Medicine Finance Authority</name>
        <lei>N/A</lei>
        <title>UAB Medicine Finance Authority</title>
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          <isin value="US902562CF24"/>
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          <maturityDt>2035-09-01</maturityDt>
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        <name>Ennis Independent School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <name>Metropolitan St. Louis Sewer District</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Grand Forks ND</name>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Bay Area Toll Authority</name>
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        <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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        <fairValLevel>2</fairValLevel>
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        <name>City of El Paso TX</name>
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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>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Macombs Facility Project, Series 2021A</title>
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          <isin value="US04052BQG22"/>
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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>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-08-15</maturityDt>
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      <invstOrSec>
        <name>Abington School District</name>
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        <fairValLevel>2</fairValLevel>
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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>Village of Bolingbrook IL</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>City of Laredo TX</name>
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        <name>Idaho Health Facilities Authority</name>
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        <name>Public Finance Authority</name>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>Greenfield Middle School Building Corp.</name>
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          <isin value="US39501PGH38"/>
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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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        <name>Grand River Dam Authority</name>
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        <name>State of Oregon Department of Transportation</name>
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        <name>University of Cincinnati</name>
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        <name>Rapid City Area School District No. 51-4/SD</name>
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        <name>Minnesota Housing Finance Agency</name>
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        <name>City of Reno NV</name>
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        <name>Riverside Public Financing Authority</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Public Finance Authority</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Campbell Union High School District</name>
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        <name>University of Arizona (The)</name>
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        <name>Highland Park Independent School District/Dallas County</name>
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        <name>County of Burke NC</name>
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      <invstOrSec>
        <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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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Town of New Canaan CT</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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          <isin value="US93978TVD89"/>
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          <maturityDt>2046-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>County of Sarasota FL Utility System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US803321PH52"/>
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        <valUSD>30252.06000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2038-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
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          <isin value="US64613AAC62"/>
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        <curCd>USD</curCd>
        <valUSD>682038.64000000</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>2048-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
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          <isin value="US92428CLN29"/>
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        <curCd>USD</curCd>
        <valUSD>277776.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
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        <cusip>343137DM4</cusip>
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          <isin value="US343137DM43"/>
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        <curCd>USD</curCd>
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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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Burlington VT</name>
        <lei>N/A</lei>
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          <isin value="US122062F314"/>
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        <curCd>USD</curCd>
        <valUSD>493904.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp./LA</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2013A</title>
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          <isin value="US88880PCN24"/>
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        <curCd>USD</curCd>
        <valUSD>1066890.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>City of Lynnwood WA Utility Revenue</name>
        <lei>N/A</lei>
        <title>City of Lynnwood, Utility System</title>
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          <isin value="US551702CP69"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Delaware State Health Facilities Authority</name>
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        <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 Warren OH</name>
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          <maturityDt>2039-07-01</maturityDt>
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      <invstOrSec>
        <name>Transport Metropolitan District No. 3</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Moulton-Niguel Water District</name>
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        <name>City of South Miami Health Facilities Authority, Inc.</name>
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        <name>Brighton Crossing Metropolitan District No. 6</name>
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        <name>Hoffman Estates Park District</name>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, School Facilities Construction</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
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        <title>Mississippi Development Bank, Lafayette County School District Project</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
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      <invstOrSec>
        <name>Truckee Meadows Water Authority</name>
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          <isin value="US897825GN90"/>
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        <curCd>USD</curCd>
        <valUSD>17146.59000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</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>
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        <title>Illinois Finance Authority, Southern Illinois Healthcare Enterprises, Inc.</title>
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          <isin value="US45204EYZ59"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>345723.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Monterey County Joint Union High School District</name>
        <lei>N/A</lei>
        <title>South Monterey County Joint Union High School District, Election of 2018</title>
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          <isin value="US83887TBJ88"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Rocketship Obligated Group</title>
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          <isin value="US25483VYA69"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>278718.58000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mifflinburg Area School District</name>
        <lei>N/A</lei>
        <title>Mifflinburg Area School District</title>
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          <isin value="US598575HL55"/>
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        <balance>335000.00000000</balance>
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          <maturityDt>2039-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Hillsborough FL</name>
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        <title>County of Hillsborough, Parks and Recreation Program</title>
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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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp.</title>
        <cusip>888808HR6</cusip>
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          <isin value="US888808HR61"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1710143.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <title>New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement</title>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Ingleside Independent School District/TX</name>
        <lei>N/A</lei>
        <title>Ingleside Independent School District, Unlimited Tax</title>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina Housing Finance Agency</name>
        <lei>EC4EE0PS5OP5O69B5C39</lei>
        <title>North Carolina Housing Finance Agency, Homeownership</title>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>Rim of the World Unified School District</name>
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        <title>Rim of the World Unified School District</title>
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          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
        <cusip>452152M65</cusip>
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        <balance>20000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-11-01</maturityDt>
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          <annualizedRt>4.12500000</annualizedRt>
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        <name>Sparkill-Palisades Fire District</name>
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          <maturityDt>2043-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Pearland TX</name>
        <lei>549300UYAWZP0LF3EF82</lei>
        <title>City of Pearland, Certificates of Obligation</title>
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        <balance>35000.00000000</balance>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2032-03-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Connecticut Housing Finance Authority</name>
        <lei>5493003DXX0NRJKSH186</lei>
        <title>Connecticut Housing Finance Authority, Housing Mortgage Finance Program</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <name>Los Angeles Community College District/CA</name>
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        <name>Berkley School District</name>
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        <name>Greenway Independent School District No. 316</name>
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        <name>St. Louis County Reorganized School District No. R-6</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Atlantic County Improvement Authority (The)</name>
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        <name>Illinois State Toll Highway Authority</name>
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          <maturityDt>2031-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <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>New Jersey Transportation Trust Fund Authority</name>
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        <name>District of Columbia</name>
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        <name>Calexico Unified School District</name>
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        <name>Public Finance Authority</name>
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        <name>City &amp; County Honolulu HI Wastewater System Revenue</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Aurora Independent School District No. 2711</name>
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        <name>University of Connecticut</name>
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      <invstOrSec>
        <name>Monroe County School District/FL</name>
        <lei>N/A</lei>
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        <name>State of Illinois</name>
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        <name>Upper Merion Area School District/PA</name>
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          <annualizedRt>5.00000000</annualizedRt>
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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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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Connecticut</name>
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          <isin value="US20772J6Q06"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Hidalgo TX</name>
        <lei>N/A</lei>
        <title>County of Hidalgo</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Portsmouth VA</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series 2018A</title>
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          <isin value="US613603YV55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
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      <invstOrSec>
        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide</title>
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          <isin value="US13077C3U68"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority, St. Andrews School Project</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-07-01</maturityDt>
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        <name>Illinois State Toll Highway Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Oklahoma Development Finance Authority</name>
        <lei>549300PXGPHUWC32DJ91</lei>
        <title>Oklahoma Development Finance Authority, Health System, OU Medicine Project, Series 2018B</title>
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          <maturityDt>2048-08-15</maturityDt>
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        <name>Niles Community Schools/MI</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>City of North Charleston SC</name>
        <lei>549300Y9QXZ4L5X8SP87</lei>
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        <name>Sparkill-Palisades Fire District</name>
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        <name>El Monte City School District/CA</name>
        <lei>N/A</lei>
        <title>El Monte City School District</title>
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          <maturityDt>2023-04-01</maturityDt>
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        <name>Indiana Finance Authority</name>
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        <name>Clint Independent School District</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>San Diego Unified School District/CA</name>
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        <name>Energy Northwest</name>
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        <name>Calexico Unified School District</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>City of Greenwood SC Combined Public Utility Revenue</name>
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        <name>Florida Governmental Utility Authority</name>
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        <name>New York State Urban Development Corp.</name>
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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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          <maturityDt>2050-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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          <isin value="US59261AJR95"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Hardin OH</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-05-01</maturityDt>
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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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        <cusip>650116CQ7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Cleveland TN</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2039-06-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <cusip>71884WCJ8</cusip>
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          <isin value="US71884WCJ80"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Montgomery Water Works &amp; Sanitary Sewer Board</name>
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        <name>California School Finance Authority</name>
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        <name>Huntington Beach Union High School District</name>
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        <name>California State University</name>
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        <name>Tennessee State School Bond Authority</name>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <name>North Carolina Capital Facilities Finance Agency</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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        <name>Newark Higher Education Finance Corp.</name>
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        <name>Montana Facility Finance Authority</name>
        <lei>N/A</lei>
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        <name>City of South Jordan UT</name>
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        <name>Illinois Finance Authority</name>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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        <name>Eastern Municipal Water District Financing Authority</name>
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        <name>Rapid City Area School District No. 51-4/SD</name>
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        <name>California School Finance Authority</name>
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        <name>Western Michigan University</name>
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        <name>Huntington Beach Union High School District</name>
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        <name>California Public Finance Authority</name>
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        <name>DuBois Hospital Authority</name>
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        <name>Volusia County Educational Facility Authority</name>
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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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        <name>Gary Community School Corp.</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Greenfield Middle School Building Corp.</name>
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        <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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      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
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        <name>Public Finance Authority</name>
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      <invstOrSec>
        <name>City of Salt Lake City UT Airport Revenue</name>
        <lei>N/A</lei>
        <title>City of Salt Lake,  International Airport</title>
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          <isin value="US795576GR28"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cleveland-Cuyahoga County Port Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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          <isin value="US57421CCJ18"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Grand Rapids Charter Township Economic Development Corp.</name>
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        <title>Grand Rapids Charter Township Economic Development Corp., Porter Hills Presbyterian Village Project</title>
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          <isin value="US386211BD77"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2044-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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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>CSCDA Community Improvement 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>
        <lei>N/A</lei>
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        <name>Georgia Housing &amp; Finance Authority</name>
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        <name>Montgomery County Industrial Development Authority/PA</name>
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        <name>Mount San Antonio Community College District</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Governmental Utility Authority</name>
        <lei>N/A</lei>
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          <isin value="US34281PUU55"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
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          <isin value="US97712D2B12"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
        <lei>N/A</lei>
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          <isin value="US64971XLC01"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Clarksville Redevelopment Authority</name>
        <lei>N/A</lei>
        <title>Clarksville Redevelopment Authority</title>
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          <isin value="US18239RAX35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US246387RR77"/>
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        <valUSD>557605.70000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina Ports Authority</name>
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          <isin value="US837123GK80"/>
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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>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Harris TX</name>
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          <isin value="US414005WB09"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maine State Housing Authority</name>
        <lei>549300SO05LH6D240016</lei>
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          <isin value="US56052FEA93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Harris Montgomery Counties Municipal Utility District No. 386</name>
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          <isin value="US41456PHZ36"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of New Jersey</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>County of Union OH</name>
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          <maturityDt>2041-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Salem Hospital Facility Authority</name>
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      <invstOrSec>
        <name>Grand Rapids Public Schools</name>
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        <name>Public Finance Authority</name>
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        <name>City of Bainbridge GA Combined Utility Revenue</name>
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        <name>Greenway Independent School District No. 316</name>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>Douglas County Hospital Authority No. 2</name>
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      <invstOrSec>
        <name>City of Grand Rapids MI Sanitary Sewer System Revenue</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>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>West Virginia Hospital Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US956622N914"/>
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      <invstOrSec>
        <name>County of Du Page IL</name>
        <lei>N/A</lei>
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          <maturityDt>2047-05-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
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          <isin value="US57584YFF16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Rapid City Area School District No. 51-4/SD</name>
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          <maturityDt>2029-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Public Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US882669BK99"/>
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          <maturityDt>2035-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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      <invstOrSec>
        <name>City of Richmond VA</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Suffolk County Economic Development Corp.</name>
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        <name>Butler County Port Authority</name>
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        <name>University of Idaho</name>
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        <name>University of Idaho</name>
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          <isin value="US9143182R06"/>
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        <name>Los Angeles Department of Water &amp; Power System Revenue</name>
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        <name>Montgomery County Higher Education and Health Authority</name>
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        <name>County of Sarasota FL Utility System Revenue</name>
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        <name>State of Illinois</name>
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        <name>Glynn-Brunswick Memorial Hospital Authority</name>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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      <invstOrSec>
        <name>Plano Independent School District</name>
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        <name>Indiana Finance Authority</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>State of Colorado</name>
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        <name>Suffolk County Economic Development Corp.</name>
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          <maturityDt>2041-11-01</maturityDt>
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        <name>Triborough Bridge &amp; Tunnel Authority</name>
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        <name>City of Greenwood SC Combined Public Utility Revenue</name>
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        <name>Iowa Finance Authority</name>
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        <name>California School Finance Authority</name>
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        <name>San Antonio Education Facilities Corp.</name>
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        <name>Chester County Industrial Development Authority</name>
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        <name>Lafayette Consolidated Government</name>
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      <invstOrSec>
        <name>City of Bryan TX Electric System Revenue</name>
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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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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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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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        <fairValLevel>2</fairValLevel>
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        <name>City of Houston TX Airport System Revenue</name>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Mississippi Development Bank</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <name>City of Oak Ridge TN</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>
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        <name>Indiana Finance Authority</name>
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        <name>Leavenworth County Unified School District No. 464</name>
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        <name>CSCDA Community Improvement Authority</name>
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      <invstOrSec>
        <name>City of Jacksonville FL</name>
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      <invstOrSec>
        <name>Northeast Ohio Medical University</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Village of Midlothian IL</name>
        <lei>N/A</lei>
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        <debtSec>
          <maturityDt>2029-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
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          <isin value="US64972GUE24"/>
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          <maturityDt>2040-06-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>City of Cleveland TN</name>
        <lei>N/A</lei>
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          <isin value="US186523DF05"/>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority, Social Bonds-Learn Chapter School Project</title>
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          <isin value="US45204FLG80"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
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          <isin value="US592190NK49"/>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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          <isin value="US20282EAS54"/>
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          <maturityDt>2039-06-01</maturityDt>
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        <name>Monroe County Industrial Development Corp./NY</name>
        <lei>N/A</lei>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
        <title>California Public Finance Authority, Henry Mayo Newhall Hospital</title>
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          <isin value="US13057EAK01"/>
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        <name>South Dakota Board of Regents Housing &amp; Auxiliary Facilities System</name>
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          <isin value="US837542JW03"/>
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        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Higher Education and Health Authority, Thomas Jefferson University</title>
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        <name>City of Greenwood SC Combined Public Utility Revenue</name>
        <lei>N/A</lei>
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          <isin value="US397316NB27"/>
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        <name>South Carolina State Housing Finance &amp; Development Authority</name>
        <lei>N/A</lei>
        <title>South Carolina State Housing Finance and Development Authority</title>
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          <isin value="US83712DXJ08"/>
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        <name>State of Oregon Department of Transportation</name>
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        <name>Arizona Industrial Development Authority</name>
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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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          <maturityDt>2047-07-01</maturityDt>
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        <name>State of Illinois Sales Tax Revenue</name>
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          <maturityDt>2022-06-15</maturityDt>
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        <name>Indiana Finance Authority</name>
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          <maturityDt>2040-02-01</maturityDt>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>California State University</name>
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        <name>Central Texas Regional Mobility Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>Private Colleges &amp; Universities Authority</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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          <maturityDt>2026-08-15</maturityDt>
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        <name>City of Houston TX Airport System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Ultra Note</title>
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          <other otherDesc="Inhouse Sedol" value="UXYM2CM"/>
          <other otherDesc="Future Ticker" value="UXYM2 Comdty"/>
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        <name>Delaware State Health Facilities Authority</name>
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        <name>County of Hidalgo TX</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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        <name>Permanent University Fund - University of Texas System</name>
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        <invCountry>US</invCountry>
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        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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        <name>State of Illinois</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 Hampshire Business Finance Authority</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>Development Authority for Fulton County</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Tooele County Municipal Building Authority</name>
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        <name>Public Finance Authority</name>
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        <name>Colorado Crossing Metropolitan District No. 2</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>District of Columbia</name>
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      <invstOrSec>
        <name>San Lorenzo Valley Unified School District/CA</name>
        <lei>N/A</lei>
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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>
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          <isin value="US213201RF59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
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          <isin value="US928104NZ76"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
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          <isin value="US25483VPE82"/>
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        <curCd>USD</curCd>
        <valUSD>532669.55000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health and Educational Facilities Authority, Three Pillars Senior Living Communities</title>
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          <isin value="US97712D7S91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southeast Alabama Gas Supply District (The)</name>
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          <isin value="US84131TAF93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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      <invstOrSec>
        <name>King County School District No. 414 Lake Washington</name>
        <lei>N/A</lei>
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          <isin value="US495260H467"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Indiana Finance Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Calallen Independent School District</name>
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        <name>Maryland State Transportation Authority</name>
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        <name>JPMorgan Institutional Tax Free Money Market Fund</name>
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        <name>Greenway Independent School District No. 316</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Central Dauphin School District</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>Michigan Strategic Fund</name>
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        <name>University of Arkansas</name>
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        <name>Lakeville Independent School District No. 194</name>
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        <name>University of Michigan</name>
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        <name>Miami-Dade County Health Facilities Authority</name>
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        <name>Kentwood Economic Development Corp.</name>
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        <name>City of Woodbury MN</name>
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        <name>California School Finance Authority</name>
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        <name>Tompkins County Development Corp.</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Berks County Municipal Authority (The)</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>1151824.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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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        <curCd>USD</curCd>
        <valUSD>34713.67000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</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>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania</title>
        <cusip>709144PB9</cusip>
        <identifiers>
          <isin value="US709144PB94"/>
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        <balance>1200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1306510.20000000</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>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309734.23000000</valUSD>
        <pctVal>0.046188649187</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <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>North Texas Municipal Water District Upper East Fork Wastewater Interceptor System</name>
        <lei>N/A</lei>
        <title>North Texas Municipal Water District, Upper East Fork Wastewater Interceptor System</title>
        <cusip>662842MY6</cusip>
        <identifiers>
          <isin value="US662842MY62"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11656.89000000</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>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>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury Ultra Bond</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="WNM2COS"/>
          <other otherDesc="Future Ticker" value="WNM2 Comdty"/>
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        <balance>-11.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-24375.76000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <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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              <otherRefInst>
                <issuerName>United States of America</issuerName>
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                  <isin value="N/A"/>
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            <unrealizedAppr>-24375.76000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lynchburg Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Lynchburg Economic Development Authority, Central Health, Inc.</title>
        <cusip>55123TBP6</cusip>
        <identifiers>
          <isin value="US55123TBP66"/>
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        <balance>1140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1270076.62000000</valUSD>
        <pctVal>0.189398257476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>East Central Regional Wastewater Treatment Facilities Operation Board</name>
        <lei>N/A</lei>
        <title>East Central Regional Wastewater Treatment Facilities Operation Board</title>
        <cusip>27149TAV3</cusip>
        <identifiers>
          <isin value="US27149TAV35"/>
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        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>35717.78000000</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>2028-10-01</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>
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      <invstOrSec>
        <name>County of Montgomery OH</name>
        <lei>N/A</lei>
        <title>County of Montgomery, Dayton Children's Hospital</title>
        <cusip>613520PD1</cusip>
        <identifiers>
          <isin value="US613520PD17"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1668816.60000000</valUSD>
        <pctVal>0.248859754687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Greensboro NC Combined Water &amp; Sewer System Revenue</name>
        <lei>N/A</lei>
        <title>City of Greensboro, Combined Water and Sewer System, Green Bond</title>
        <cusip>395468JS1</cusip>
        <identifiers>
          <isin value="US395468JS16"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11507.43000000</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>2027-06-01</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>County of Warren OH</name>
        <lei>N/A</lei>
        <title>County of Warren, Healthcare Facilities, Otterbein Homes Obligated Group</title>
        <cusip>93515PCL9</cusip>
        <identifiers>
          <isin value="US93515PCL94"/>
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        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>128255.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Water Implementation Fund</title>
        <cusip>882854Z62</cusip>
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          <isin value="US882854Z627"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2394525.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pompano Beach FL</name>
        <lei>N/A</lei>
        <title>City of Pompano Beach, John Knox Village Project</title>
        <cusip>732203BH6</cusip>
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          <isin value="US732203BH60"/>
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        <balance>3400000.00000000</balance>
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        <valUSD>3501310.82000000</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>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Green Dot Public School Projects, Series 2018A</title>
        <cusip>13059TFF1</cusip>
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          <isin value="US13059TFF12"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>220333.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
        <title>Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility, MRC Stevenson Oaks Project</title>
        <cusip>87638RKG1</cusip>
        <identifiers>
          <isin value="US87638RKG10"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Illinois Sales Tax</title>
        <cusip>452227LV1</cusip>
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          <isin value="US452227LV18"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16869.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
        <title>California State Public Works Board, Riverside Campus</title>
        <cusip>13068LV77</cusip>
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          <isin value="US13068LV773"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11688.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
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      <invstOrSec>
        <name>Florida State University Housing Facility Revenue</name>
        <lei>N/A</lei>
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          <isin value="US34157REG11"/>
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      <invstOrSec>
        <name>City of Pompano Beach FL</name>
        <lei>N/A</lei>
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          <maturityDt>2027-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>1.45000000</annualizedRt>
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      <invstOrSec>
        <name>City of Austin TX</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Vermont Student Assistance Corp.</name>
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          <isin value="US92428CLQ59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
        <title>Virginia Resources Authority, Infrastructure Moral Obligation, Pooled Financing Program</title>
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          <isin value="US92818L5L28"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-11-01</maturityDt>
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      <invstOrSec>
        <name>Greenwood Metropolitan District/SC</name>
        <lei>N/A</lei>
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          <maturityDt>2027-10-01</maturityDt>
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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>
        <lei>N/A</lei>
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          <maturityDt>2037-10-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Mississippi Development Bank</name>
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        <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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        <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>
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        <name>Huntington Beach Union High School District</name>
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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>
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      <invstOrSec>
        <name>Los Angeles Unified School District/CA</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2046-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Goshen IN</name>
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          <isin value="US38327MAA53"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Garland TX</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-02-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Power Generation Agency</name>
        <lei>N/A</lei>
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          <isin value="US744434EF40"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Pike County School District Finance Corp.</name>
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        <title>Pike County School District Finance Corp., School Building</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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        <name>Greeneville Health &amp; Educational Facilities Board</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Aurora Independent School District No. 2711</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
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        <name>City of Hopkins MN</name>
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        <fairValLevel>2</fairValLevel>
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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>Utah Infrastructure Agency</name>
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        <name>Montgomery County Industrial Development Authority/PA</name>
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        <name>Alaska Industrial Development &amp; Export Authority</name>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery Water Works &amp; Sanitary Sewer Board</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Montana Board of Housing</name>
        <lei>N/A</lei>
        <title>Montana Board of Housing, Single Family Homeownership</title>
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          <isin value="US61212RX763"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wisconsin Housing &amp; Economic Development Authority</name>
        <lei>549300AT0SEG8YQT2K79</lei>
        <title>Wisconsin Housing and Economic Development Authority, Home Ownership</title>
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          <isin value="US97689QHL32"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington Health Care Facilities Authority</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>Washington Health Care Facilities Authority, Commonspirit Health</title>
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          <isin value="US93978HVJ12"/>
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        <curCd>USD</curCd>
        <valUSD>1187010.30000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Douglas County Hospital Authority No. 2</name>
        <lei>N/A</lei>
        <title>Douglas County Hospital Authority No. 2, Children's Hospital Obligated Group</title>
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          <isin value="US259230PE43"/>
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        <curCd>USD</curCd>
        <valUSD>651590.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
        <title>Virginia Resources Authority, Infrastructure Pooled Financing Program</title>
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          <isin value="US92818MKD10"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-11-01</maturityDt>
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      <invstOrSec>
        <name>N/A</name>
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          <other otherDesc="Inhouse Sedol" value="TYM2COS"/>
          <other otherDesc="Future Ticker" value="TYM2 Comdty"/>
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        <fairValLevel>1</fairValLevel>
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              <counterpartyName>CME Clearing House</counterpartyName>
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      <invstOrSec>
        <name>Franklin-Mckinley School District</name>
        <lei>N/A</lei>
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          <isin value="US3538562P13"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-08-01</maturityDt>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
        <lei>N/A</lei>
        <title>Metropolitan Government Nashville and Davidson County, Health and Educational Facilities Board, Vanderbilt University Medical Center</title>
        <cusip>592041WF0</cusip>
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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>
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        <name>Illinois Finance Authority</name>
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        <name>New York State Dormitory Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>County of Franklin OH</name>
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      <invstOrSec>
        <name>American Municipal Power, Inc.</name>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
        <title>Massachusetts Housing Finance Agency, Single Family Housing</title>
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          <isin value="US57586P8H28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <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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          <isin value="US51434NAQ16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rockford IL</name>
        <lei>N/A</lei>
        <title>City of Rockford, Waterworks System, Series 2018B</title>
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          <isin value="US77316QB655"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Norfolk Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Norfolk Economic Development Authority, Sentara Healthcare</title>
        <cusip>65588TAT6</cusip>
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          <isin value="US65588TAT60"/>
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        <balance>4375000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4817230.25000000</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>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Tallahassee FL Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Tallahassee, Utility System</title>
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          <isin value="US874461JD97"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Southcoast Health System Obligated Group Issue</title>
        <cusip>57584YG78</cusip>
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          <isin value="US57584YG788"/>
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        <balance>300000.00000000</balance>
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        <valUSD>372396.69000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>West Harris County Regional Water Authority</name>
        <lei>N/A</lei>
        <title>West Harris County Regional Water Authority</title>
        <cusip>95308RRF8</cusip>
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          <isin value="US95308RRF81"/>
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        <balance>1000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Nashville Airport Authority (The)</name>
        <lei>549300IC0HNF8TDXEE63</lei>
        <title>Metropolitan Nashville Airport Authority (The)</title>
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          <isin value="US592190NL22"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1180153.30000000</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>2049-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Lowell MA</name>
        <lei>549300GXJ4CE6FSCJA35</lei>
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        <invCountry>US</invCountry>
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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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        <name>Colorado Health Facilities Authority</name>
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        <title>Colorado Health Facilities Authority, Commonspirit Health</title>
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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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      <invstOrSec>
        <name>Michigan Strategic Fund</name>
        <lei>N/A</lei>
        <title>Michigan Strategic Fund, Holland Home Obligated Group</title>
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          <isin value="US594698RM61"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Trussville AL</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Village of Midlothian IL</name>
        <lei>N/A</lei>
        <title>Village of Midlothian</title>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Round Rock Independent School District</name>
        <lei>N/A</lei>
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        <name>County of Cook IL</name>
        <lei>5493004UMR7OX4YITE10</lei>
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        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Athens City School District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Galveston TX</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
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        <name>County of Adams CO</name>
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      <invstOrSec>
        <name>Frisco Independent School District</name>
        <lei>N/A</lei>
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        <name>Monroe County Industrial Development Corp./NY</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>County of Burke NC</name>
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          <maturityDt>2031-04-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Washington Health Care Facilities Authority</name>
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          <maturityDt>2045-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Florida Governmental Utility Authority</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Santa Clara Valley Transportation Authority</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Power Revenue</name>
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        <name>West Cornwall Township Municipal Authority</name>
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        <name>Central Plains Energy Project</name>
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        <name>Minnesota Housing Finance Agency</name>
        <lei>549300R89XDTQBK4GE22</lei>
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        <name>City of Lakeland FL</name>
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      <invstOrSec>
        <name>Kentucky Turnpike Authority</name>
        <lei>N/A</lei>
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          <isin value="US491552P902"/>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
        <lei>N/A</lei>
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          <maturityDt>2032-10-01</maturityDt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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          <isin value="US60635H2R94"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-02-01</maturityDt>
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      <invstOrSec>
        <name>County of Pinal AZ</name>
        <lei>N/A</lei>
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          <isin value="US72205REJ77"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Georgia Higher Education Facilities Authority</name>
        <lei>N/A</lei>
        <title>Georgia Higher Education Facilities Authority, USG Real Estate Foundation II LLC Projects</title>
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          <isin value="US373511JC91"/>
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          <maturityDt>2038-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
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          <isin value="US59259NR546"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Massachusetts Building Authority</name>
        <lei>6ILE2573NPR1XO2TR556</lei>
        <title>University of Massachusetts Building Authority</title>
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          <isin value="US914440QV70"/>
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        <valUSD>59307.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Marian University Project</title>
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          <isin value="US45506D4Y87"/>
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        <balance>1100000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Town of Bellingham MA</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Township of West Bradford PA</name>
        <lei>N/A</lei>
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        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority, Presbyterian Homes Obligated Group</title>
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        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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        <name>Colorado Health Facilities Authority</name>
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      <invstOrSec>
        <name>Dalton Whitfield County Joint Development Authority</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Berks County Industrial Development Authority, Tower Health Project</title>
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      <invstOrSec>
        <name>University of Utah (The)</name>
        <lei>N/A</lei>
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        <name>Pierce &amp; Lewis Counties School District No. 404</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Port St. Lucie FL Utility System Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Red Oak Independent School District</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Village of Tuxedo Park NY</name>
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        <name>Transport Metropolitan District No. 3</name>
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        <name>City of Houston TX Combined Utility System Revenue</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Orange County Health Facilities Authority</name>
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        <name>County of King WA Sewer Revenue</name>
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        <name>California Educational Facilities Authority</name>
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        <name>City of Lakeland FL</name>
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        <name>Private Colleges &amp; Universities Authority</name>
        <lei>N/A</lei>
        <title>Private Colleges and Universities Authority, Emory University</title>
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          <isin value="US74265LU229"/>
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        <curCd>USD</curCd>
        <valUSD>854597.33000000</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>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Vermont Housing Finance Agency</name>
        <lei>549300RD7EYN90K0W008</lei>
        <title>Vermont Housing Finance Agency, Multiple Purpose</title>
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          <isin value="US924190KG50"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>146220.48000000</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>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Warren OH</name>
        <lei>N/A</lei>
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          <isin value="US93515PCM77"/>
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        <curCd>USD</curCd>
        <valUSD>38994.84000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Broadway Park North Metropolitan District No. 2</name>
        <lei>N/A</lei>
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          <isin value="US111561AC02"/>
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        <curCd>USD</curCd>
        <valUSD>687671.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Woman's University</name>
        <lei>N/A</lei>
        <title>Texas Woman's University, Financing System</title>
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          <isin value="US882874GG91"/>
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        <valUSD>10899.97000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>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>
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          <isin value="US37255MAF23"/>
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        <valUSD>1165242.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
        <cusip>79467BBT1</cusip>
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          <isin value="US79467BBT17"/>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3928110.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>Michigan State Building Authority, Facilities Program</title>
        <cusip>594615FU5</cusip>
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          <isin value="US594615FU57"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54379.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2408148.00000000</valUSD>
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        <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>
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      <invstOrSec>
        <name>Capital Region Airport Commission</name>
        <lei>N/A</lei>
        <title>Capital Region Airport Commission, Richmond International Airport, Series 2016A</title>
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          <isin value="US140442FU33"/>
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        <curCd>USD</curCd>
        <valUSD>379607.66000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-03-30</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>
</edgarSubmission>
