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        <name>West Valley City Municipal Building Authority</name>
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        <name>Omaha School District</name>
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        <name>San Diego County Regional Transportation Commission</name>
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        <name>Birmingham Airport Authority</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Maricopa County Pollution Control Corp.</name>
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        <name>Peoria County Community Unit School District No. 309 Brimfield</name>
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        <name>Santa Barbara Unified School District</name>
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      <invstOrSec>
        <name>Glenview Park District</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>County of Loudoun VA</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Jackson Public Schools/MI</name>
        <lei>N/A</lei>
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          <isin value="US468312JB00"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Long Island Power Authority</name>
        <lei>1R46U5SYJ63KQXF39168</lei>
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          <isin value="US542691AE09"/>
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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>2025-09-01</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>
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          <isin value="US57584YA419"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Vernon CA Electric System Revenue</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Regional Transportation District</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Wagoner County School Development Authority</name>
        <lei>N/A</lei>
        <title>Wagoner County School Development Authority, Wagoner Public Schools Project</title>
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          <isin value="US93055DAH35"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-09-01</maturityDt>
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      <invstOrSec>
        <name>Madison-Macoupin Etc Counties Community College District No. 536/IL</name>
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          <isin value="US557738PE54"/>
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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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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Borough of North Slope AK</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Quaker Valley School District/PA</name>
        <lei>N/A</lei>
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        <name>Snohomish County Public Utility District No. 1</name>
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      <invstOrSec>
        <name>Maricopa County Pollution Control Corp.</name>
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        <name>State of Wisconsin</name>
        <lei>549300VTAT608CNZ5827</lei>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
        <title>Florida Higher Educational Facilities Financial Authority, Florida Institute of Technology</title>
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      <invstOrSec>
        <name>City of Cleveland OH Income Tax Revenue</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Winston-Salem State University Foundation LLC</name>
        <lei>N/A</lei>
        <title>Winston-Salem State University Foundation LLC, The Board of Governors of The University of North Carolina</title>
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      <invstOrSec>
        <name>Colorado Bridge Enterprise</name>
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        <name>University of Kansas Hospital Authority</name>
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        <name>California Infrastructure &amp; Economic Development Bank</name>
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      <invstOrSec>
        <name>Volusia County School Board</name>
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      <invstOrSec>
        <name>Carter County Public Facilities Authority</name>
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        <name>Cook County School District No. 69 Skokie</name>
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          <isin value="US213759HB28"/>
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        <name>Cook County School District No. 69 Skokie</name>
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          <isin value="US213759HF32"/>
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        <name>California Public Finance Authority</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <name>City &amp; County of San Francisco CA</name>
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        <name>Birmingham Airport Authority</name>
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        <name>Louisville/Jefferson County Metropolitan Government</name>
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        <name>Birmingham Airport Authority</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Wagoner County School Development Authority</name>
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        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
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      <invstOrSec>
        <name>Louisiana Public Facilities Authority</name>
        <lei>549300RQIPT5S4P4M065</lei>
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          <isin value="US546399JF47"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-04-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>University of Central Arkansas</name>
        <lei>N/A</lei>
        <title>University of Central Arkansas, Student Housing System, Series 2019C</title>
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          <isin value="US914115P956"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-01</maturityDt>
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      <invstOrSec>
        <name>Odessa Junior College District</name>
        <lei>N/A</lei>
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          <isin value="US676040JG44"/>
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        <balance>740000.00000000</balance>
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        <curCd>USD</curCd>
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          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Wichita KS</name>
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          <isin value="US967323AH92"/>
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        <curCd>USD</curCd>
        <valUSD>334387.95000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tennergy Corp./TN</name>
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        <title>Tennergy Corp., Gas Supply</title>
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          <isin value="US880397BW31"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7175063.35000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.99999960</annualizedRt>
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      <invstOrSec>
        <name>Kane County School District No. 131 Aurora East Side</name>
        <lei>N/A</lei>
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          <isin value="US484008PD30"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Franklin County Convention Facilities Authority</name>
        <lei>N/A</lei>
        <title>Franklin County Convention Facilities Authority, Greater Columbus Convention Center Hotel Expansion Project</title>
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          <isin value="US35317DAB10"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Northville Public Schools</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Oklahoma County Finance Authority</name>
        <lei>549300KPR05JUN0F1289</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Town of Oyster Bay NY</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>New York City Industrial Development Agency</name>
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          <maturityDt>2028-03-01</maturityDt>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>Iowa Finance Authority</name>
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        <title>Iowa Finance Authority, Health System</title>
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        <name>City of Los Angeles CA Wastewater System Revenue</name>
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        <name>Trust for Cultural Resources of The City of New York (The)</name>
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        <name>State of Illinois</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-11-01</maturityDt>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063C6D74"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Duluth Independent School District No. 709</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461363J89"/>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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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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          <isin value="US207758ZB29"/>
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          <maturityDt>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>Lewisville Independent School District, Unlimited Tax</title>
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          <isin value="US52882PCN69"/>
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        <balance>750000.00000000</balance>
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          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Atlanta Development Authority (The)</name>
        <lei>N/A</lei>
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          <isin value="US04780NJB47"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Abilene Independent School District</name>
        <lei>N/A</lei>
        <title>Abilene Independent School District, Unlimited Tax School Building</title>
        <cusip>003464LL6</cusip>
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          <isin value="US003464LL62"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Eagle CO</name>
        <lei>N/A</lei>
        <title>County of Eagle</title>
        <cusip>26947NCG3</cusip>
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          <isin value="US26947NCG34"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Cedar Park TX Utility System Revenue</name>
        <lei>N/A</lei>
        <title>City of Cedar Park, Utility System</title>
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          <isin value="US150462HS13"/>
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        <name>Cook County School District No. 99 Cicero</name>
        <lei>N/A</lei>
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        <name>Kane County School District No. 131 Aurora East Side</name>
        <lei>N/A</lei>
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        <name>City of Wichita KS Water &amp; Sewer Utility Revenue</name>
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          <isin value="US967338VK79"/>
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        <name>Gallatin County High School District No. 7 Bozeman</name>
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        <name>Quaker Valley School District/PA</name>
        <lei>N/A</lei>
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        <name>Southside Independent School District</name>
        <lei>N/A</lei>
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          <isin value="US844725TJ03"/>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
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          <isin value="US207758G313"/>
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      <invstOrSec>
        <name>Franklin County Convention Facilities Authority</name>
        <lei>N/A</lei>
        <title>Franklin County Convention Facilities Authority, Greater Columbus Convention Center Hotel Expansion Project</title>
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          <isin value="US35317DAE58"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Overland Park Development Corp.</name>
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        <name>Odessa Junior College District</name>
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        <name>Madison-Macoupin Etc Counties Community College District No. 536/IL</name>
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        <name>New York Transportation Development Corp.</name>
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        <name>Muskogee Industrial Trust</name>
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        <name>Territory of Guam</name>
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        <invCountry>GU</invCountry>
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        <name>Los Angeles Department of Water &amp; Power Water System Revenue</name>
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        <name>Passaic Valley Sewerage Commission</name>
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        <name>California Educational Facilities Authority</name>
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        <name>University of Oklahoma (The)</name>
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        <name>Development Authority for Fulton County</name>
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        <name>Irving Hospital Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Arkansas Development Finance Authority Public Safety Charges Revenue</name>
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        <name>Indiana Finance Authority</name>
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      <invstOrSec>
        <name>University of Oklahoma (The)</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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      <invstOrSec>
        <name>City of Shreveport LA Water &amp; Sewer Revenue</name>
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        <name>County of Northampton PA</name>
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          <maturityDt>2028-10-01</maturityDt>
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      <invstOrSec>
        <name>County of Westmoreland PA</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Dublin OH</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Vernon CA Electric System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Grand Parkway Transportation Corp.</name>
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        <title>Grand Parkway Transportation Corp., System Toll</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-02-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Passaic Valley Sewerage Commission</name>
        <lei>N/A</lei>
        <title>Passaic Valley Sewerage Commission, Sewer System</title>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago O'Hare International Airport</name>
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        <name>Birmingham Airport Authority</name>
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        <name>South Dakota Health &amp; Educational Facilities Authority</name>
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        <name>New Jersey Institute of Technology/NJ</name>
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        <name>Southeastern Pennsylvania Transportation Authority</name>
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        <name>Commonwealth Financing Authority</name>
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        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
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        <name>Madison-Macoupin Etc Counties Community College District No. 536/IL</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>City of Austin TX Airport System Revenue</name>
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      <invstOrSec>
        <name>Southeast Community College Area</name>
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        <name>New York City Industrial Development Agency</name>
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          <maturityDt>2031-03-01</maturityDt>
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        <name>Alaska Municipal Bond Bank Authority</name>
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        <name>Floral Park-Bellerose Union Free School District</name>
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        <name>Purdue University</name>
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        <name>Lewisville Independent School District</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Madison-Macoupin Etc Counties Community College District No. 536/IL</name>
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        <name>University of North Carolina at Chapel Hill</name>
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        <name>University of Colorado</name>
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        <name>University of California</name>
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      <invstOrSec>
        <name>Overland Park Development Corp.</name>
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        <name>Arlington Higher Education Finance Corp.</name>
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        <name>Chicago O'Hare International Airport</name>
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        <name>New Jersey Economic Development Authority</name>
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        <title>New Jersey Economic Development Authority, School Facilities Construction</title>
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          <isin value="US64577BK379"/>
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        <name>Atlanta Development Authority (The)</name>
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        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>Wisconsin Department of Transportation</name>
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          <maturityDt>2028-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kentucky Public Energy Authority</name>
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        <name>Port of Oakland</name>
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        <name>Charleroi Borough Authority Water System Revenue</name>
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        <name>Southeastern Pennsylvania Transportation Authority</name>
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        <name>Effingham Community Unit School District No. 40</name>
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        <name>Champaign County Community Unit School District No. 4 Champaign</name>
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        <name>Pasadena Independent School District</name>
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      <invstOrSec>
        <name>New York Convention Center Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US649451CS87"/>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Duluth Independent School District No. 709</name>
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        <name>Illinois Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-10-01</maturityDt>
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        <name>Penn Hills School District</name>
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          <maturityDt>2026-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
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        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
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        <name>New York State Dormitory Authority</name>
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        <title>New York State Dormitory Authority, St. John's University</title>
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        <name>City of Jamestown NY</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-06-01</maturityDt>
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        <name>New York Transportation Development 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>2028-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Newark NJ</name>
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        <name>County of Lake OH</name>
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        <name>California Municipal Finance Authority</name>
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        <name>University of Central Arkansas</name>
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        <name>School District of Philadelphia (The)</name>
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        <name>Chester County Health and Education Facilities Authority</name>
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        <name>Wyandotte County Unified School District No. 202 Turner</name>
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        <name>Purdue University</name>
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        <name>State of Wisconsin</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Development Authority for Fulton County</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>West Virginia Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-12-01</maturityDt>
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          <annualizedRt>2.62500120</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <isin value="US6461367R69"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-06-15</maturityDt>
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        <name>Sports &amp; Exhibition Authority of Pittsburgh and Allegheny County</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Texas Municipal Gas Acquisition and Supply Corp. I</name>
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        <cusip>88256CEX3</cusip>
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          <isin value="US88256CEX39"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <name>Carter County Public Facilities Authority</name>
        <lei>N/A</lei>
        <title>Carter County Public Facilities Authority, Educational Facilities Lease, Ardmore City Schools Project</title>
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          <isin value="US146201DG07"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
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        <title>Indiana Finance Authority, Indianapolis Power and Light Co. Project</title>
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        <curCd>USD</curCd>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>0.74999880</annualizedRt>
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        <name>Kentucky Municipal Power Agency</name>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Vernon CA Electric System Revenue</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Arkansas</name>
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        <title>University of Arkansas, Various Facility UAMS Campus</title>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Galveston TX</name>
        <lei>N/A</lei>
        <title>City of Galveston, Certificates of Obligation</title>
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        <name>New Jersey Institute of Technology/NJ</name>
        <lei>N/A</lei>
        <title>New Jersey Institute of Technology, Tax-Exempt</title>
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      <invstOrSec>
        <name>City of Cleveland OH Income Tax Revenue</name>
        <lei>N/A</lei>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Novato Unified School District/CA</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FNMA</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
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          <isin value="US31392DKJ09"/>
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        <curCd>USD</curCd>
        <valUSD>55908.66000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-25</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>Cook County Community School District No. 97 Oak Park</name>
        <lei>N/A</lei>
        <title>Cook County Community School District No. 97, Oak Park</title>
        <cusip>213287BY0</cusip>
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          <isin value="US213287BY02"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</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 Pooled Financing Program</title>
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          <isin value="US92818MAL46"/>
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        <balance>1235000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1435191.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Rogers AR</name>
        <lei>N/A</lei>
        <title>City of Rogers, Sales Tax</title>
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          <isin value="US775080FU33"/>
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        <balance>3855000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4476103.72000000</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>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Northampton PA</name>
        <lei>N/A</lei>
        <title>County of Northampton, Series A</title>
        <cusip>663532JR1</cusip>
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          <isin value="US663532JR10"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>824742.98000000</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>2026-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Southwest Higher Education Authority, Inc.</name>
        <lei>N/A</lei>
        <title>Southwest Higher Education Authority, Inc., Southern Methodist University Project</title>
        <cusip>845040LK8</cusip>
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          <isin value="US845040LK86"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>409798.24000000</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>2022-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Chester County Health and Education Facilities Authority</name>
        <lei>N/A</lei>
        <title>Chester County Health and Education Facilities Authority, Main Line Health System</title>
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          <isin value="US16557HEW16"/>
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        <balance>175000.00000000</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>2028-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>County of Montgomery MD</name>
        <lei>549300GNX5SDUEBKPK13</lei>
        <title>County of Montgomery, Consolidated Public Improvement, Series 2018A</title>
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          <isin value="US61334PAJ21"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3341834.16000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>University of Oklahoma (The)</name>
        <lei>N/A</lei>
        <title>University of Oklahoma (The), Tax Exempt</title>
        <cusip>91476PVV7</cusip>
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          <isin value="US91476PVV74"/>
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        <balance>1105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1355308.47000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut</title>
        <cusip>20772KNL9</cusip>
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          <isin value="US20772KNL97"/>
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        <balance>7060000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7679692.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of New Jersey</name>
        <lei>N/A</lei>
        <title>State of New Jersey, COVID-19 Emergency Bonds</title>
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          <isin value="US646039YJ06"/>
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        <balance>7330000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8123078.15000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2025-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Contra Costa Transportation Authority</name>
        <lei>549300SFTNA7H8BCAM10</lei>
        <title>Contra Costa County Transportation Authority, Sales Tax</title>
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          <isin value="US21221MEQ96"/>
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        <curCd>USD</curCd>
        <valUSD>2518652.99000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Lackawanna PA</name>
        <lei>549300FAS2IVO11LYX32</lei>
        <title>County of Lackawanna</title>
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        <balance>1480000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>University of Arkansas</name>
        <lei>549300FFADBQ3NEI2D96</lei>
        <title>University of Arkansas, Various Facility UAMS Campus</title>
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        <debtSec>
          <maturityDt>2026-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kane County School District No. 131 Aurora East Side</name>
        <lei>N/A</lei>
        <title>Kane County School District No. 131 Aurora East Side</title>
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        <balance>40000.00000000</balance>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Hereford Independent School District</name>
        <lei>N/A</lei>
        <title>Hereford Independent School District, School Building, Unlimited Tax</title>
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        <balance>1480000.00000000</balance>
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        <valUSD>1644435.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>State of Tennessee</name>
        <lei>N/A</lei>
        <title>State of Tennessee</title>
        <cusip>880541SS7</cusip>
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        <balance>7000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>Illinois Finance Authority</name>
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        <name>Long Island Power Authority</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>Alaska Municipal Bond Bank Authority</name>
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        <name>Pennsylvania Higher Educational Facilities Authority</name>
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        <name>University of Kansas Hospital Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Gerald R Ford International Airport Authority</name>
        <lei>N/A</lei>
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          <isin value="US373695AE54"/>
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      <invstOrSec>
        <name>County of Rutherford TN</name>
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      <invstOrSec>
        <name>Jackson Public Schools/MI</name>
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          <maturityDt>2025-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>San Francisco Unified School District</name>
        <lei>N/A</lei>
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          <isin value="US79771TJY47"/>
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          <maturityDt>2024-06-15</maturityDt>
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      <invstOrSec>
        <name>Hampton Bays Union Free School District</name>
        <lei>N/A</lei>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Greene MO</name>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>City of Newark NJ</name>
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        <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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        <name>Dahlonega Downtown Development Authority</name>
        <lei>N/A</lei>
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        <name>Cleveland County Educational Facilities Authority</name>
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        <name>Muskogee Industrial Trust</name>
        <lei>N/A</lei>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>City of Shreveport LA Water &amp; Sewer Revenue</name>
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        <name>Houston Community College System</name>
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        <name>Champaign County Community Unit School District No. 4 Champaign</name>
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        <name>Sports &amp; Exhibition Authority of Pittsburgh and Allegheny County</name>
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        <name>Territory of Guam</name>
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        <name>Avondale School District</name>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <name>State of California</name>
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        <name>Los Angeles Community College District/CA</name>
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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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          <isin value="US08451PAD33"/>
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        <curCd>USD</curCd>
        <valUSD>1064844.20000000</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>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Austin Community College District Public Facility Corp.</name>
        <lei>N/A</lei>
        <title>Austin Community College District Public Facility Corp., Lease, Highland Campus Parking Garage Project, Series 2018C</title>
        <cusip>052405EV5</cusip>
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          <isin value="US052405EV50"/>
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        <curCd>USD</curCd>
        <valUSD>288120.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Santa Barbara Unified School District</name>
        <lei>549300PQRSK15XOJN302</lei>
        <title>Santa Barbara Unified School District</title>
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          <isin value="US801315HN56"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57763.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Metropolitan Transportation Authority, Dedicated Tax Fund, Series Subseries 2017B-2</title>
        <cusip>59259N7D9</cusip>
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          <isin value="US59259N7D95"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4404863.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Carol Stream Park District</name>
        <lei>N/A</lei>
        <title>Carol Stream Park District</title>
        <cusip>143735VQ8</cusip>
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          <isin value="US143735VQ88"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223467.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Minnesota Higher Education Facilities Authority</name>
        <lei>549300DI4V4CIPMX7K35</lei>
        <title>Minnesota Higher Education Facilities Authority, College of St. Scholastica, Inc.</title>
        <cusip>60416JCN8</cusip>
        <identifiers>
          <isin value="US60416JCN81"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>200605.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of St Peters MO</name>
        <lei>N/A</lei>
        <title>City of St. Peters</title>
        <cusip>793187ES0</cusip>
        <identifiers>
          <isin value="US793187ES09"/>
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        <balance>545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>628519.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Northern Kentucky University</name>
        <lei>N/A</lei>
        <title>Northern Kentucky University</title>
        <cusip>665304EL1</cusip>
        <identifiers>
          <isin value="US665304EL12"/>
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        <balance>1310000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1403317.06000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-09-01</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>Grosse Pointe Public School System</name>
        <lei>N/A</lei>
        <title>Grosse Pointe Public School System</title>
        <cusip>399100KM7</cusip>
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          <isin value="US399100KM72"/>
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        <balance>765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>857655.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Allan Hancock Joint Community College District/CA</name>
        <lei>N/A</lei>
        <title>Allan Hancock Joint Community College District</title>
        <cusip>016730ER0</cusip>
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          <isin value="US016730ER08"/>
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        <balance>1050000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1069099.71000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Southeast Community College Area</name>
        <lei>N/A</lei>
        <title>Southeast Community College Area, Tax Supported</title>
        <cusip>84134TAG4</cusip>
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          <isin value="US84134TAG40"/>
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        <balance>275000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>320886.78000000</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>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hamilton TN</name>
        <lei>N/A</lei>
        <title>County of Hamilton</title>
        <cusip>407325AF6</cusip>
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          <isin value="US407325AF65"/>
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        <balance>2685000.00000000</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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        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency, Partners Healthcare System Issue</title>
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          <isin value="US57584X7A33"/>
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        <balance>10000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10001200.00000000</valUSD>
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        <assetCat>STIV</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>0.70000065</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lewisville Independent School District</name>
        <lei>N/A</lei>
        <title>Lewisville Independent School District, Unlimited Tax</title>
        <cusip>52882PCM8</cusip>
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          <isin value="US52882PCM86"/>
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        <balance>750000.00000000</balance>
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        <invCountry>US</invCountry>
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          <maturityDt>2025-08-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of California</name>
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        <title>State of California, Various Purpose</title>
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          <isin value="US13063C6A36"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Institute of Technology/NJ</name>
        <lei>N/A</lei>
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          <isin value="US64579RDC88"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Albany-Floyd County School Building Corp.</name>
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          <isin value="US641667PT13"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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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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          <isin value="US64577BK296"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Grady County School Finance Authority</name>
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      <invstOrSec>
        <name>New Hampshire Municipal Bond Bank</name>
        <lei>N/A</lei>
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        <name>City &amp; County of Honolulu HI</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Metropolitan Government Nashville &amp; Davidson County Industrial Development Board</name>
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        <name>State of Connecticut</name>
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      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
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        <name>Main Street Natural Gas, Inc.</name>
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        <name>Whittier Union High School District</name>
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        <name>Cook County High School District No. 209 Proviso Township</name>
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        <name>New York City Industrial Development Agency</name>
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        <name>Illinois Finance Authority</name>
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        <name>Carter County Public Facilities Authority</name>
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        <name>Syracuse Industrial Development Agency</name>
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        <name>Southwestern Illinois Development Authority</name>
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        <name>Sales Tax Asset Receivable Corp.</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>County of Miami-Dade FL Aviation Revenue</name>
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        <name>S &amp; S Consolidated Independent School District</name>
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        <name>State of Maryland Department of Transportation</name>
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      <invstOrSec>
        <name>Austin Community College District Public Facility Corp.</name>
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        <name>Cook County Community Consolidated School District No. 65 Evanston</name>
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        <name>Charleroi Borough Authority Water System Revenue</name>
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        <name>Sacramento Municipal Utility District</name>
        <lei>E3GSVR6ZOU1MX2V7HF33</lei>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>Wyandotte County Unified School District No. 202 Turner</name>
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        <name>Alaska Municipal Bond Bank Authority</name>
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        <cusip>01179RE90</cusip>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>Connecticut Housing Finance Authority</name>
        <lei>5493003DXX0NRJKSH186</lei>
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        <name>University of Central Arkansas</name>
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        <name>Irving Hospital Authority</name>
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        <name>Arkansas Development Finance Authority Public Safety Charges Revenue</name>
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        <name>West Valley City Municipal Building Authority</name>
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        <name>Volusia County School Board</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Novato Unified School District/CA</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Private Colleges &amp; Universities Authority</name>
        <lei>N/A</lei>
        <title>Private Colleges and Universities Authority, Emory University</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tennessee Energy Acquisition Corp.</name>
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        <title>Tennessee Energy Acquisition Corp., Gas Project</title>
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          <isin value="US880443HX79"/>
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          <maturityDt>2022-05-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Connecticut</name>
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          <isin value="US20772KKV07"/>
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        <curCd>USD</curCd>
        <valUSD>1159659.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Wichita Falls Independent School District</name>
        <lei>N/A</lei>
        <title>Wichita Falls Independent School District, Unlimited Tax</title>
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          <isin value="US967171QV40"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Muskogee Industrial Trust</name>
        <lei>N/A</lei>
        <title>Muskogee Industrial Trust, Muskogee Public Schools Project</title>
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          <isin value="US62813NAV82"/>
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        <curCd>USD</curCd>
        <valUSD>937667.22000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Evansville IN Sewage Works Revenue</name>
        <lei>N/A</lei>
        <title>City of Evansville, Sewage Works</title>
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          <isin value="US299461SG93"/>
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        <balance>985000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Port Authority</name>
        <lei>254900JRR8IDSSKWCL90</lei>
        <title>Massachusetts Port Authority, Series 2019-A</title>
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          <isin value="US575896SV84"/>
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        <balance>4840000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5090481.13000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2023-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Will County Forest Preserve District</name>
        <lei>N/A</lei>
        <title>Will County Forest Preservation District, Limited Tax</title>
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          <isin value="US968661HR26"/>
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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>2027-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Georgia</name>
        <lei>N/A</lei>
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          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cook County Community School District No. 97 Oak Park</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Regional Transportation District</name>
        <lei>N/A</lei>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>City of New York NY</name>
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        <name>City of Farmington NM</name>
        <lei>N/A</lei>
        <title>City of Farmington, San Juan Project, Series 2010A</title>
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        <name>State of California</name>
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          <maturityDt>2026-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chester County Health and Education Facilities Authority</name>
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        <invCountry>US</invCountry>
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        <name>JPMorgan Institutional Tax Free Money Market Fund</name>
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        <name>Maricopa County Industrial Development Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Schuylkill Valley School District</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Odessa Junior College District</name>
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        <name>San Francisco City &amp; County Public Utilities Commission Wastewater Revenue</name>
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        <name>Cook County School District No. 69 Skokie</name>
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        <name>New York City Industrial Development Agency</name>
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      <invstOrSec>
        <name>Tobacco Securitization Authority of Northern California</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>State of California</name>
        <lei>N/A</lei>
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          <isin value="US13063CQB99"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>University of Illinois</name>
        <lei>N/A</lei>
        <title>University of Illinois, Auxiliary Facilities System</title>
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          <isin value="US914353ZD27"/>
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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>2024-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wichita Falls Independent School District</name>
        <lei>N/A</lei>
        <title>Wichita Falls Independent School District, Unlimited Tax</title>
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          <isin value="US967171QS11"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1248998.41000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-02-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>California Health Facilities Financing Authority</name>
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          <isin value="US13032UBQ04"/>
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        <curCd>USD</curCd>
        <valUSD>2090910.33000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lower Colorado River Authority</name>
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        <title>Lower Colorado River Authority</title>
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          <isin value="US54811GWD86"/>
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        <curCd>USD</curCd>
        <valUSD>60527.20000000</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>2023-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Western Minnesota Municipal Power Agency</name>
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          <isin value="US958697JJ49"/>
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        <balance>1500000.00000000</balance>
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        <valUSD>1550889.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Port of Oakland</name>
        <lei>N/A</lei>
        <title>Port of Oakland</title>
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          <isin value="US735000UP40"/>
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        <balance>2725000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Northampton PA</name>
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          <isin value="US663532JS92"/>
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        <balance>1565000.00000000</balance>
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        <valUSD>1726195.63000000</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>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Boston MA</name>
        <lei>N/A</lei>
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          <isin value="US100853TR12"/>
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        <balance>7360000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Syracuse Industrial Development Agency</name>
        <lei>N/A</lei>
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          <isin value="US871683FB91"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Chesapeake Bay Bridge &amp; Tunnel District</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-11-01</maturityDt>
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        <name>County of Fairfax VA</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>West Valley City Municipal Building Authority</name>
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        <name>City of Aurora CO</name>
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        <name>New Jersey Institute of Technology/NJ</name>
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        <name>State of California</name>
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        <title>State of California, Various Purpose</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2027-05-01</maturityDt>
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        <name>Hereford Independent School District</name>
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        <name>Massachusetts Development Finance Agency</name>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Waukegan IL</name>
        <lei>N/A</lei>
        <title>City of Waukegan</title>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>School District of Philadelphia (The)</name>
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          <isin value="US717883XY38"/>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma County Finance Authority</name>
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        <title>Oklahoma County Finance Authority, Educational Facilities, Lease Midwest City-Del City Public Schools Project</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Novato Unified School District/CA</name>
        <lei>N/A</lei>
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          <isin value="US669878DU10"/>
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        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rhode Island Commerce Corp.</name>
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          <isin value="US762232AE66"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Upper St. Clair Township School District</name>
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          <isin value="US916507RM00"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chester County Health and Education Facilities Authority</name>
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          <isin value="US16557HEX98"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
        <title>Florida Higher Educational Facilities Financial Authority, Florida Institute of Technology</title>
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          <isin value="US34073TMM61"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-10-01</maturityDt>
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        <name>State of Montana</name>
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          <maturityDt>2022-08-01</maturityDt>
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        <name>City of Wichita KS</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Custer County Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Custer County Economic Development Authority, Thomas Fay Public Schools</title>
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        <name>City of Austin TX Airport System Revenue</name>
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          <isin value="US052398FH23"/>
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        <name>Birmingham Airport Authority</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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        <name>Peoria Public Building Commission</name>
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        <name>Alaska Municipal Bond Bank Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>DeKalb County Community Unit School District No. 428 DeKalb</name>
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        <name>Austin Community College District Public Facility Corp.</name>
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        <name>Medical Center Educational Building Corp.</name>
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        <name>Alameda County Transportation Commission</name>
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        <name>Wagoner County School Development Authority</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Wichita Falls Independent School District</name>
        <lei>N/A</lei>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>City of Portland OR Sewer System Revenue</name>
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        <name>San Francisco Bay Area Rapid Transit District</name>
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        <lei>N/A</lei>
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        <name>Champaign County Community Unit School District No. 4 Champaign</name>
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        <name>Allegheny County Sanitary Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>University of Michigan</name>
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        <name>New Jersey Institute of Technology/NJ</name>
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        <name>Seward County Unified School District No. 480 Liberal</name>
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        <name>Southeast Community College Area</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Schenectady County Capital Resource Corp.</name>
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        <name>North Carolina Medical Care Commission</name>
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        <name>Wauwatosa School District</name>
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          <isin value="US943517CD26"/>
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        <name>County of Orange NY</name>
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        <name>Dahlonega Downtown Development Authority</name>
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        <name>California Municipal Finance Authority</name>
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        <title>California Municipal Finance Authority, NorthBay Healthcare Group, Series 2017A</title>
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        <name>Penn Hills School District</name>
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        <name>Illinois Finance Authority</name>
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        <name>Charleroi Borough Authority Water System Revenue</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Southwest Higher Education Authority, Inc.</name>
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        <name>North Kansas City School District No. 74</name>
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        <name>Regional Transportation District</name>
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          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>








    </explntrNotes>
    <signature>
      <ncom:dateSigned>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>
