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        <name>San Antonio Education Facilities Corp.</name>
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      <invstOrSec>
        <name>State of Connecticut Special Tax Revenue</name>
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      <invstOrSec>
        <name>Montgomery County Public Facilities Authority/AL</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <maturityDt>2048-11-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Public Finance Authority</name>
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          <isin value="US74442CAL81"/>
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          <maturityDt>2025-06-01</maturityDt>
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      <invstOrSec>
        <name>Lancaster Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Lancaster Industrial Development Authority, Landis Homes Retirement Community Project</title>
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          <isin value="US51434NAR98"/>
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        <name>Illinois Finance Authority</name>
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          <isin value="US45204EZA99"/>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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          <isin value="US592041YW19"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-11-01</maturityDt>
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        <name>State of Illinois</name>
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        <title>State of Illinois</title>
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          <maturityDt>2028-11-01</maturityDt>
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        <name>Los Angeles Department of Water &amp; Power</name>
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        <name>Florida Atlantic University Finance Corp.</name>
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        <title>Florida Atlantic University Finance Corp., Student Housing Project</title>
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        <name>Illinois Finance Authority</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>City of Phoenix Civic Improvement Corp.</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>UAB Medicine Finance Authority</name>
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        <name>Waukee Community School District Infrastructure Sales Services &amp; Use Tax</name>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
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      <invstOrSec>
        <name>City of Grand Forks ND</name>
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        <name>New York State Dormitory Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bay Area Toll Authority</name>
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        <curCd>USD</curCd>
        <valUSD>36750.04000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of El Paso TX</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2051-07-01</maturityDt>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Abington School District</name>
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        <name>District of Columbia</name>
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        <name>Michigan State Housing Development Authority</name>
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        <name>Village of Bolingbrook IL</name>
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        <name>Massachusetts Development Finance Agency</name>
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        <name>East Bay Municipal Utility District Wastewater System Revenue</name>
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        <name>Idaho Health Facilities Authority</name>
        <lei>549300X43KY1C2WW0J97</lei>
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        <invCountry>US</invCountry>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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      <invstOrSec>
        <name>Greenfield Middle School Building Corp.</name>
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          <isin value="US39501PGH38"/>
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      <invstOrSec>
        <name>Maryland Economic Development Corp.</name>
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        <name>Grand River Dam Authority</name>
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      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
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        <name>Rapid City Area School District No. 51-4/SD</name>
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      <invstOrSec>
        <name>Riverside Public Financing Authority Loc Measure A Sales Tax Revenue</name>
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        <name>Dallas Fort Worth International Airport</name>
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        <name>Public Finance Authority</name>
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        <name>Campbell Union High School District</name>
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        <name>University of Arizona (The)</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Green Dot Public School Projects, Series 2018A</title>
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        <name>Town of New Canaan CT</name>
        <lei>N/A</lei>
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        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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      <invstOrSec>
        <name>County of Sarasota FL Utility System Revenue</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2048-10-01</maturityDt>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
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          <isin value="US92428CLN29"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
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          <isin value="US65000BAP31"/>
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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>2035-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Florida Department of Transportation Turnpike System Revenue</name>
        <lei>N/A</lei>
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        <cusip>343137DM4</cusip>
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          <isin value="US343137DM43"/>
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        <balance>55000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62799.07000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Burlington VT</name>
        <lei>N/A</lei>
        <title>City of Burlington, Public Improvement</title>
        <cusip>122062F31</cusip>
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          <isin value="US122062F314"/>
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        <balance>435000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>453179.17000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp./LA</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2013A</title>
        <cusip>88880PCN2</cusip>
        <identifiers>
          <isin value="US88880PCN24"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1032918.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Lynnwood WA Utility Revenue</name>
        <lei>N/A</lei>
        <title>City of Lynnwood, Utility System</title>
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          <isin value="US551702CP69"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>28611.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware State Health Facilities Authority</name>
        <lei>549300RXU7M05ZYSJG42</lei>
        <title>Delaware State Health Facilities Authority, Bayhealth Medical Center Project</title>
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          <isin value="US246388SK98"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25479.19000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
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        <title>Colorado Health Facilities Authority</title>
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          <isin value="US19648FDV31"/>
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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>2026-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Warren OH</name>
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        <name>Transport Metropolitan District No. 3</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp.</title>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois Finance Authority</name>
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        <name>Moulton-Niguel Water District</name>
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        <name>City of South Miami Health Facilities Authority, Inc.</name>
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        <name>Brighton Crossing Metropolitan District No. 6</name>
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        <name>Hoffman Estates Park District</name>
        <lei>N/A</lei>
        <title>Hoffman Estates Park District</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2044-12-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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        <cusip>650116CP9</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
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        <curCd>USD</curCd>
        <valUSD>20879.62000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-04-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Truckee Meadows Water Authority</name>
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          <isin value="US897825GN90"/>
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        <curCd>USD</curCd>
        <valUSD>16523.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Finance Authority</name>
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        <title>Illinois Finance Authority, Southern Illinois Healthcare Enterprises, Inc.</title>
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          <isin value="US45204EYZ59"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>325344.84000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
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        <title>District of Columbia, Rocketship Obligated Group</title>
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          <isin value="US25483VYA69"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>259605.63000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Mifflinburg Area School District</name>
        <lei>N/A</lei>
        <title>Mifflinburg Area School District</title>
        <cusip>598575HL5</cusip>
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          <isin value="US598575HL55"/>
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        <balance>335000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>344808.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Hillsborough FL</name>
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        <title>County of Hillsborough, Parks and Recreation Program</title>
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        <balance>2415000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>Commonwealth Financing Authority, Tobacco Master Settlement Payment</title>
        <cusip>20282EAK2</cusip>
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          <isin value="US20282EAK29"/>
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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>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018A</title>
        <cusip>888808HR6</cusip>
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          <isin value="US888808HR61"/>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2027-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Ingleside Independent School District/TX</name>
        <lei>N/A</lei>
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        <name>North Carolina Housing Finance Agency</name>
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        <name>Michigan Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
        <title>Michigan Finance Authority</title>
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          <maturityDt>2046-11-15</maturityDt>
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        <name>Rim of the World Unified School District</name>
        <lei>N/A</lei>
        <title>Rim of the World Unified School District</title>
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        <name>State of Illinois</name>
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          <maturityDt>2031-11-01</maturityDt>
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        <name>Sparkill-Palisades Fire District</name>
        <lei>N/A</lei>
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        <name>City of Pearland TX</name>
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        <name>Los Angeles Community College District/CA</name>
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        <name>Greenway Independent School District No. 316</name>
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        <name>Tennessee Energy Acquisition Corp.</name>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
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        <name>City of Lafayette IN Local Income Tax Revenue</name>
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        <name>Connecticut Housing Finance Authority</name>
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        <name>Minneapolis Special School District No. 1</name>
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        <name>California Municipal Finance Authority</name>
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        <name>Orange County Convention Center/Orlando</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>City of Eugene OR Electric Utility System Revenue</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>District of Columbia</name>
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        <name>Calexico Unified School District</name>
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        <title>Calexico Unified School District</title>
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        <name>Public Finance Authority</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>City &amp; County Honolulu HI Wastewater System Revenue</name>
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        <name>Maine Municipal Bond Bank</name>
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        <name>New Hope Cultural Education Facilities Finance Corp.</name>
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        <name>Aurora Independent School District No. 2711</name>
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        <name>University of Connecticut</name>
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        <name>Monroe County School District/FL</name>
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        <name>Upper Merion Area School District/PA</name>
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      <invstOrSec>
        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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      <invstOrSec>
        <name>State of Connecticut</name>
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        <title>State of Connecticut</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-04-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Hidalgo TX</name>
        <lei>N/A</lei>
        <title>County of Hidalgo</title>
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        <curCd>USD</curCd>
        <valUSD>88252.45000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>San Antonio Education Facilities Corp.</name>
        <lei>N/A</lei>
        <title>San Antonio Education Facilities Corp., University of the Incarnate Word, Series 2021A</title>
        <cusip>796247DK7</cusip>
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          <isin value="US796247DK74"/>
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        <valUSD>1637855.45000000</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>
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          <maturityDt>2051-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Kansas Power Pool</name>
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        <title>Kansas Power Pool</title>
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          <isin value="US485321BY87"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Portsmouth VA</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series 2018A</title>
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          <isin value="US613603YV55"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>California State University</name>
        <lei>N/A</lei>
        <title>California State University, Systemwide</title>
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          <isin value="US13077C3U68"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Delaware State Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Delaware State Economic Development Authority, St. Andrews School Project</title>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts Development Finance Agency</title>
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        <name>Illinois State Toll Highway Authority</name>
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          <maturityDt>2044-01-01</maturityDt>
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        <name>Oklahoma Development Finance Authority</name>
        <lei>549300PXGPHUWC32DJ91</lei>
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        <name>Niles Community Schools/MI</name>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health and Educational Facilities Authority, Rogers Memorial Hospital, Inc.</title>
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        <name>City of North Charleston SC</name>
        <lei>549300Y9QXZ4L5X8SP87</lei>
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        <name>Sparkill-Palisades Fire District</name>
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        <name>Berks County Industrial Development Authority</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>San Diego Unified School District/CA</name>
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        <name>California County Tobacco Securitization Agency</name>
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      <invstOrSec>
        <name>Metropolitan Transportation Authority</name>
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      <invstOrSec>
        <name>County of Hardin OH</name>
        <lei>N/A</lei>
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          <maturityDt>2040-05-01</maturityDt>
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        <name>Lancaster County Hospital Authority/PA</name>
        <lei>N/A</lei>
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          <isin value="US514045P801"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York Transportation Development Corp.</name>
        <lei>N/A</lei>
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        <cusip>650116CQ7</cusip>
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        <curCd>USD</curCd>
        <valUSD>1442349.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>City of Cleveland TN</name>
        <lei>N/A</lei>
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          <isin value="US186523DG87"/>
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        <curCd>USD</curCd>
        <valUSD>423060.92000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Phoenix Civic Improvement Corp.</name>
        <lei>N/A</lei>
        <title>City of Phoenix Civic Improvement Corp., Civic Plaza Expansion</title>
        <cusip>71884WCJ8</cusip>
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          <isin value="US71884WCJ80"/>
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        <curCd>USD</curCd>
        <valUSD>157544.09000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
        <title>California School Finance Authority, Green Dot Public School Projects, Series 2018A</title>
        <cusip>13059TEZ8</cusip>
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          <isin value="US13059TEZ84"/>
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        <curCd>USD</curCd>
        <valUSD>80347.72000000</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>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>City of Oak Ridge TN</name>
        <lei>N/A</lei>
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        <cusip>671783UQ9</cusip>
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          <isin value="US671783UQ98"/>
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        <balance>720000.00000000</balance>
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        <valUSD>743285.45000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Cleveland TN</name>
        <lei>N/A</lei>
        <title>City of Cleveland, Series 2018B</title>
        <cusip>186523CX2</cusip>
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          <isin value="US186523CX20"/>
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        <balance>285000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>323597.24000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>United Nations Development Corp.</name>
        <lei>N/A</lei>
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          <isin value="US911157LT03"/>
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          <maturityDt>2025-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California State University</name>
        <lei>N/A</lei>
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          <isin value="US13077DBD30"/>
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        <name>Tennessee State School Bond Authority</name>
        <lei>N/A</lei>
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          <isin value="US880558HW48"/>
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        <name>Florida Municipal Power Agency</name>
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          <isin value="US342816H818"/>
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        <name>Lexington County Health Services District, Inc.</name>
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          <isin value="US529050ER36"/>
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        <name>City of Los Angeles Department of Airports</name>
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        <name>New York City Municipal Water Finance Authority</name>
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        <name>City of Methuen MA</name>
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        <invCountry>US</invCountry>
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        <name>Maine Health &amp; Higher Educational Facilities Authority</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Sparkill-Palisades Fire District</name>
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        <name>Minnesota Higher Education Facilities Authority</name>
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        <name>District of Columbia</name>
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        <name>Lynchburg Economic Development Authority</name>
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        <name>New York City Transitional Finance Authority Building Aid Revenue</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Alaska Housing Finance Corp.</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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      <invstOrSec>
        <name>Erie City Water Authority</name>
        <lei>N/A</lei>
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          <isin value="US295542NU42"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</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>
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          <isin value="US16557HDY80"/>
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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>2036-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
        <title>North Carolina Capital Facilities Finance Agency, Meredith College</title>
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          <isin value="US65818PMC04"/>
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        <balance>805000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>867255.88000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health and Educational Facilities Authority, Thedacare, Inc.</title>
        <cusip>97712DKB1</cusip>
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          <isin value="US97712DKB19"/>
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        <curCd>USD</curCd>
        <valUSD>502411.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Illinois</name>
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        <title>State of Illinois</title>
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          <isin value="US452152XW61"/>
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        <curCd>USD</curCd>
        <valUSD>181489.79000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
        <title>North Carolina Capital Facilities Finance Agency, Meredith College</title>
        <cusip>65818PMB2</cusip>
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          <isin value="US65818PMB21"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113711.29000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Maricopa County Special Health Care District</name>
        <lei>N/A</lei>
        <title>Maricopa County Special Health Care District, Integrated Health Services</title>
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          <isin value="US56756TAP93"/>
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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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>School District of Philadelphia (The)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-09-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Oklahoma Turnpike Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of North Carolina</name>
        <lei>N/A</lei>
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        <name>Pennsylvania Housing Finance Agency</name>
        <lei>549300JZVUPNWP77SP29</lei>
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          <maturityDt>2040-04-01</maturityDt>
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          <annualizedRt>3.50000000</annualizedRt>
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        <name>City of Grand Forks ND</name>
        <lei>N/A</lei>
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          <maturityDt>2041-12-01</maturityDt>
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        <name>Washington Metropolitan Area Transit Authority</name>
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        <name>Colorado Educational &amp; Cultural Facilities Authority</name>
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        <name>Utah Infrastructure Agency</name>
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        <title>Utah Infrastructure Agency, Tax-Exempt Telecommunications</title>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Yes Prep Public Schools, Inc.</title>
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        <invCountry>US</invCountry>
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        <name>Buffalo &amp; Erie County Industrial Land Development Corp.</name>
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        <name>Illinois Finance Authority</name>
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        <name>Harris County Cultural Education Facilities Finance Corp.</name>
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        <name>Merrillville Building Corp.</name>
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        <name>Southeast Energy Authority A Cooperative District</name>
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      <invstOrSec>
        <name>Montana Facility Finance Authority</name>
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        <name>City of South Jordan UT Sales Tax Revenue</name>
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        <name>Eastern Municipal Water District Financing Authority</name>
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        <name>California School Finance Authority</name>
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        <name>Northeast Ohio Medical University</name>
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        <name>Campbell Union High School District</name>
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        <name>California Public Finance Authority</name>
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        <name>University of Arkansas</name>
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        <name>Utah Infrastructure Agency</name>
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        <name>City of South Miami Health Facilities Authority, Inc.</name>
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        <name>County of Middlesex NJ</name>
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        <name>City of Cleveland TN</name>
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        <name>Orange County Water District</name>
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        <name>DuBois Hospital Authority</name>
        <lei>N/A</lei>
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        <name>Indiana Finance Authority</name>
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        <name>Knox County Health Educational &amp; Housing Facility Board</name>
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        <name>Massachusetts Housing Finance Agency</name>
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        <name>Volusia County Educational Facility Authority</name>
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        <name>Westchester Tobacco Asset Securitization Corp.</name>
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        <name>Douglas County Hospital Authority No. 2</name>
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        <name>Gary Community School Corp.</name>
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        <name>Clifton Higher Education Finance Corp.</name>
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        <name>University of Southern Indiana Foundation</name>
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        <name>Greenfield Middle School Building Corp.</name>
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        <name>Delaware State Economic Development Authority</name>
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        <name>Public Finance Authority</name>
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        <name>City of Salt Lake City UT Airport Revenue</name>
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        <name>Grand Rapids Charter Township Economic Development Corp.</name>
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        <name>Industrial Development Authority of the City of Phoenix (The)</name>
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        <name>California Statewide Communities Development Authority</name>
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        <name>Florida Gulf Coast University Financing Corp.</name>
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        <name>Hartnell Community College District</name>
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        <name>Harris Montgomery Counties Municipal Utility District No. 386</name>
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        <name>Salem Hospital Facility Authority</name>
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        <name>Grand Rapids Public Schools</name>
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        <name>Public Finance Authority</name>
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        <name>City of Bainbridge GA Combined Utility Revenue</name>
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        <name>Greenway Independent School District No. 316</name>
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          <maturityDt>2031-02-01</maturityDt>
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        <name>Douglas County Hospital Authority No. 2</name>
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        <name>City of Grand Rapids MI Sanitary Sewer System Revenue</name>
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        <name>Michigan Finance Authority</name>
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        <name>Missouri Housing Development Commission</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Florida Development Finance Corp.</name>
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        <title>Florida Development Finance Corp.</title>
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        <name>Texas Public Finance Authority</name>
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          <isin value="US882669BK99"/>
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        <name>Metropolitan Transportation Authority</name>
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        <name>City of Richmond VA</name>
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        <name>Suffolk County Economic Development Corp.</name>
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          <maturityDt>2054-11-01</maturityDt>
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        <name>Butler County Port Authority</name>
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          <maturityDt>2046-05-15</maturityDt>
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        <name>Northampton County General Purpose Authority</name>
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        <name>University of Idaho</name>
        <lei>N/A</lei>
        <title>University of Idaho</title>
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          <isin value="US9143182R06"/>
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          <couponKind>Fixed</couponKind>
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        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
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        <name>County of Sarasota FL Utility System Revenue</name>
        <lei>N/A</lei>
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        <name>State of Illinois</name>
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        <name>Glynn-Brunswick Memorial Hospital Authority</name>
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        <name>Indiana Finance Authority</name>
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        <name>California School Finance Authority</name>
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        <name>Buckeye Tobacco Settlement Financing Authority</name>
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        <name>Utility Debt Securitization Authority</name>
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        <name>Westchester County Local Development Corp.</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Indiana Finance Authority</name>
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        <name>Fontana Redevelopment Agency Successor Agency</name>
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        <name>CSCDA Community Improvement Authority</name>
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          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe County Industrial Development Corp./NY</name>
        <lei>N/A</lei>
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          <isin value="US61075TSE90"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <title>Metropolitan Government Nashville and Davidson County Health and Educational Facilities Board, Trevecca Nazarene University Project, Series 2021B</title>
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          <isin value="US592029AR36"/>
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        <curCd>USD</curCd>
        <valUSD>1717502.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California Public Finance Authority</name>
        <lei>N/A</lei>
        <title>California Public Finance Authority, Henry Mayo Newhall Hospital</title>
        <cusip>13057EAK0</cusip>
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          <isin value="US13057EAK01"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Dakota Board of Regents Housing &amp; Auxiliary Facilities System</name>
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        <title>South Dakota Board of Regents Housing and Auxiliary Facilities System</title>
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          <isin value="US837542JW03"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Montgomery County Higher Education and Health Authority</name>
        <lei>N/A</lei>
        <title>Montgomery County Higher Education and Health Authority, Thomas Jefferson University</title>
        <cusip>613603A74</cusip>
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          <isin value="US613603A742"/>
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        <balance>1655000.00000000</balance>
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        <valUSD>1693295.05000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Carolina State Housing Finance &amp; Development Authority</name>
        <lei>N/A</lei>
        <title>South Carolina State Housing Finance and Development Authority, Series 2017A</title>
        <cusip>83712DXJ0</cusip>
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          <isin value="US83712DXJ08"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Oregon Department of Transportation</name>
        <lei>N/A</lei>
        <title>State of Oregon, Department of Transportation Highway User Subordinate Lien, Tax-Exempt</title>
        <cusip>68607DUN3</cusip>
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          <isin value="US68607DUN38"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Arizona Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Arizona Industrial Development Authority, Great Lakes Senior Living Communities LLC Project</title>
        <cusip>04052TAW5</cusip>
        <identifiers>
          <isin value="US04052TAW53"/>
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        <balance>4000000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Mifflin School District</name>
        <lei>N/A</lei>
        <title>West Mifflin School District, Limited Tax</title>
        <cusip>954498TR2</cusip>
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          <isin value="US954498TR21"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <name>Missouri Housing Development Commission</name>
        <lei>5493007FBL7WCV3NKY25</lei>
        <title>Missouri Housing Development Commission, Single Family Mortgage, First Place Homeownership Loan Program, Series 2015B-2</title>
        <cusip>60637BHH6</cusip>
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          <isin value="US60637BHH69"/>
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          <maturityDt>2045-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Atlantic County Improvement Authority (The)</name>
        <lei>N/A</lei>
        <title>Atlantic County Improvement Authority (The), Atlantic City Campus Phase II Project</title>
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          <isin value="US048501JQ46"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2047-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>State of Illinois Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Illinois, Sales Tax</title>
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          <isin value="US452227KH33"/>
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          <maturityDt>2022-06-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>Indiana Finance Authority, Butler University Project</title>
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          <isin value="US45506D3L75"/>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
        <title>Missouri Joint Municipal Electric Utility Commission</title>
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          <isin value="US606092LM46"/>
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        <name>Rhode Island Health and Educational Building Corp.</name>
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        <title>Rhode Island Health and Educational Building Corp., Public School Financing Program</title>
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        <name>City of Tampa FL</name>
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        <title>City of Tampa, The University of Tampa Project</title>
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        <invCountry>US</invCountry>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Shelby County Health Educational &amp; Housing Facilities Board</name>
        <lei>N/A</lei>
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        <name>George L Smith II Congress Center Authority</name>
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        <name>Millbrae Redevelopment Agency Successor Agency</name>
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        <name>Swarthmore Borough Authority</name>
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          <maturityDt>2041-09-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Housing Finance Agency</name>
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        <name>California Public Finance Authority</name>
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        <name>California School Finance Authority</name>
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        <name>American Municipal Power, Inc.</name>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <name>California State University</name>
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        <name>New York Liberty Development Corp.</name>
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          <maturityDt>2036-06-01</maturityDt>
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      <invstOrSec>
        <name>Northern Illinois University</name>
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        <name>Permanent University Fund - University of Texas System</name>
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          <maturityDt>2031-07-01</maturityDt>
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        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
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          <maturityDt>2040-04-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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          <maturityDt>2028-07-01</maturityDt>
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        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
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          <maturityDt>2037-06-01</maturityDt>
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        <name>Indiana Finance Authority</name>
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        <name>California Health Facilities Financing Authority</name>
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        <name>Black Belt Energy Gas District</name>
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        <name>California Municipal Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>City of Racine WI</name>
        <lei>N/A</lei>
        <title>City of Racine</title>
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          <isin value="US750022CR43"/>
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        <curCd>USD</curCd>
        <valUSD>30367.93000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2023-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Pennsylvania Housing Finance Agency</name>
        <lei>549300JZVUPNWP77SP29</lei>
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          <isin value="US7087964R50"/>
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        <curCd>USD</curCd>
        <valUSD>209235.98000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
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        <cusip>92428CLR3</cusip>
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          <isin value="US92428CLR33"/>
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        <balance>90000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90484.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>U.S. Treasury 10 Year Ultra Note</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Inhouse Sedol" value="UXYU2CM"/>
          <other otherDesc="Future Ticker" value="UXYU2 Comdty"/>
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        <balance>-143.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>191574.70000000</valUSD>
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        <assetCat>DIR</assetCat>
        <issuerConditional desc="Future" issuerCat="OTHER"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>CME Clearing House</counterpartyName>
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                <issuerName>United States of America</issuerName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Carolina Capital Facilities Finance Agency</name>
        <lei>549300PWNPSB7G58A235</lei>
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          <isin value="US65818PME69"/>
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        <balance>400000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
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          <isin value="US452151YE71"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22618.41000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lancaster County Hospital Authority/PA</name>
        <lei>N/A</lei>
        <title>Lancaster County Hospital Authority, Health Center, Masonic Villages Project</title>
        <cusip>514045Q22</cusip>
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          <isin value="US514045Q221"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552477.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Sparkill-Palisades Fire District</name>
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        <cusip>84652EAY0</cusip>
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        <curCd>USD</curCd>
        <valUSD>207895.28000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>64578EME4</cusip>
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          <isin value="US64578EME40"/>
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        <balance>2800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2843190.56000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
        <title>State of Illinois</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2024-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Tooele County Municipal Building Authority</name>
        <lei>N/A</lei>
        <title>Tooele County Municipal Building Authority, Cross-Over Lease</title>
        <cusip>890342BG2</cusip>
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          <isin value="US890342BG28"/>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <title>New York City Transitional Finance Authority, Future Tax Secured, Fiscal Year 2017</title>
        <cusip>64971W7C8</cusip>
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          <isin value="US64971W7C82"/>
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          <couponKind>Fixed</couponKind>
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        <name>County of Miami-Dade FL</name>
        <lei>549300QG0NBD9HULR263</lei>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Chicago O'Hare International Airport</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
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        <name>Colorado Crossing Metropolitan District No. 2</name>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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        <name>Winnebago &amp; Boone Counties School District No. 205 Rockford</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-02-01</maturityDt>
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      <invstOrSec>
        <name>Northampton County General Purpose Authority</name>
        <lei>N/A</lei>
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          <isin value="US66353LCY11"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
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          <isin value="US64990BUN18"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, National Public Radio, Inc.</title>
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          <isin value="US25483VRC09"/>
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        <valUSD>26418.17000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-04-01</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>San Lorenzo Valley Unified School District/CA</name>
        <lei>N/A</lei>
        <title>San Lorenzo Valley Unified School District, Election of 2020</title>
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        <identifiers>
          <isin value="US798543HC10"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Cook County Forest Preserve District</name>
        <lei>N/A</lei>
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          <isin value="US213201RF59"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California County Tobacco Securitization Agency</name>
        <lei>N/A</lei>
        <title>California County Tobacco Securitization Agency</title>
        <cusip>13016NHL1</cusip>
        <identifiers>
          <isin value="US13016NHL10"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Small Business Financing Authority</name>
        <lei>N/A</lei>
        <title>Virginia Small Business Financing Authority, Senior Lien</title>
        <cusip>928104NZ7</cusip>
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          <isin value="US928104NZ76"/>
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        <balance>2000000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>District of Columbia</name>
        <lei>549300HWFOZXPKGOX654</lei>
        <title>District of Columbia, Kipp DC Charter School</title>
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          <isin value="US25483VPE82"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <title>Wisconsin Health and Educational Facilities Authority, Three Pillars Senior Living Communities</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Southeast Alabama Gas Supply District (The)</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-04-01</maturityDt>
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        <name>King County School District No. 414 Lake Washington</name>
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          <isin value="US495260H467"/>
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        <balance>15000.00000000</balance>
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        <name>Florida Higher Educational Facilities Financial Authority</name>
        <lei>N/A</lei>
        <title>Florida Higher Educational Facilities Financial Authority</title>
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        <name>Indiana Finance Authority</name>
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        <name>Commonwealth of Massachusetts</name>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <name>Calallen Independent School District</name>
        <lei>N/A</lei>
        <title>Calallen Independent School District, School Building</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-02-15</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Arizona Industrial Development Authority</name>
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        <name>Onondaga Civic Development Corp.</name>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <name>District of Columbia</name>
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        <name>Florida Development Finance Corp.</name>
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        <name>New York State Urban Development Corp.</name>
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        <name>University of Michigan</name>
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        <name>Miami-Dade County Health Facilities Authority</name>
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        <name>County of King WA Sewer Revenue</name>
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        <name>Monroe County School District/FL</name>
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        <name>Kentwood Economic Development Corp.</name>
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          <isin value="US491740EZ50"/>
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        <name>City of Woodbury MN</name>
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        <name>Arizona Industrial Development Authority</name>
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        <name>California School Finance Authority</name>
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        <name>Tompkins County Development Corp.</name>
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        <name>Louisiana Public Facilities Authority</name>
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        <name>Berks County Municipal Authority (The)</name>
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        <name>District of Columbia</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of El Paso CO</name>
        <lei>N/A</lei>
        <title>County of El Paso, The Colorado College Project</title>
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          <isin value="US28337LEE48"/>
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        <curCd>USD</curCd>
        <valUSD>115942.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Bay Municipal Utility District Water System Revenue</name>
        <lei>N/A</lei>
        <title>East Bay Municipal Utility District, Water System</title>
        <cusip>271014ZV7</cusip>
        <identifiers>
          <isin value="US271014ZV70"/>
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        <balance>515000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>555817.51000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority, Marin General Hospital Project, Green Bond, Series 2018A</title>
        <cusip>13080SUG7</cusip>
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          <isin value="US13080SUG73"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1483220.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida Department of Management Services</name>
        <lei>N/A</lei>
        <title>Florida Department of Management Services</title>
        <cusip>34160PES4</cusip>
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          <isin value="US34160PES48"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1467840.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Fairview Heights IL</name>
        <lei>N/A</lei>
        <title>City of Fairview Heights</title>
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          <isin value="US305719DP86"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>26072.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2024-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Philadelphia Authority for Industrial Development</name>
        <lei>549300DIY68KQZEW7M79</lei>
        <title>Philadelphia Authority for Industrial Development, MAST Community Charter School II Project</title>
        <cusip>71780CAJ9</cusip>
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          <isin value="US71780CAJ99"/>
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        <balance>315000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>329133.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
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        <title>Vermont Student Assistance Corp., Education Loan, Series 2018A</title>
        <cusip>92428CLM4</cusip>
        <identifiers>
          <isin value="US92428CLM46"/>
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        <balance>625000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>629599.75000000</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>2030-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Clifton Higher Education Finance Corp.</name>
        <lei>N/A</lei>
        <title>Clifton Higher Education Finance Corp., Idea Public Schools</title>
        <cusip>187145BZ9</cusip>
        <identifiers>
          <isin value="US187145BZ90"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1294553.63000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>New York State Dormitory Authority</title>
        <cusip>64990GYB2</cusip>
        <identifiers>
          <isin value="US64990GYB21"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2518619.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Santa Maria Joint Union High School District</name>
        <lei>5493006E0NB791MBEL10</lei>
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        <identifiers>
          <isin value="US802309KU74"/>
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        <balance>2450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1147051.29000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-08-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UAB Medicine Finance Authority</name>
        <lei>N/A</lei>
        <title>UAB Medicine Finance Authority</title>
        <cusip>902562CH8</cusip>
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          <isin value="US902562CH89"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31872.91000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth of Pennsylvania</name>
        <lei>N/A</lei>
        <title>Commonwealth of Pennsylvania, Series 2018A</title>
        <cusip>709144PB9</cusip>
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          <isin value="US709144PB94"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
        <title>City of Baltimore, Water Projects</title>
        <cusip>059231R51</cusip>
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          <isin value="US059231R515"/>
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        <balance>270000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>North Texas Municipal Water District Upper East Fork Wastewater Interceptor System</name>
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          <isin value="US662842MY62"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2031-06-01</maturityDt>
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      <invstOrSec>
        <name>Lynchburg Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Lynchburg Economic Development Authority, Central Health, Inc.</title>
        <cusip>55123TBP6</cusip>
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          <isin value="US55123TBP66"/>
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        <balance>1140000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Montgomery OH</name>
        <lei>N/A</lei>
        <title>County of Montgomery, Dayton Children's Hospital</title>
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          <isin value="US613520PD17"/>
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        <balance>1500000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Warren OH</name>
        <lei>N/A</lei>
        <title>County of Warren, Healthcare Facilities, Otterbein Homes Obligated Group, Series 2016A</title>
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        <identifiers>
          <isin value="US93515PCL94"/>
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        <balance>115000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Deschutes County Hospital Facilities Authority</name>
        <lei>N/A</lei>
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        <balance>210000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Water Implementation Fund</title>
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          <isin value="US882854Z627"/>
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        <balance>2100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2183272.56000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Pompano Beach FL</name>
        <lei>N/A</lei>
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          <isin value="US732203BH60"/>
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        <curCd>USD</curCd>
        <valUSD>3018614.18000000</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>2051-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California School Finance Authority</name>
        <lei>N/A</lei>
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          <isin value="US13059TFF12"/>
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        <curCd>USD</curCd>
        <valUSD>204397.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
        <lei>549300ROY505NVTMMI25</lei>
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        <cusip>87638RKG1</cusip>
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          <isin value="US87638RKG10"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3190255.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Municipal Water Finance Authority</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>New York City Municipal Water Finance Authority</title>
        <cusip>64972GWZ3</cusip>
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          <isin value="US64972GWZ35"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2591987.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of Illinois Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Illinois, Sales Tax</title>
        <cusip>452227LV1</cusip>
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          <isin value="US452227LV18"/>
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        <balance>15000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16095.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority, Capital Improvement</title>
        <cusip>646066F54</cusip>
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          <isin value="US646066F544"/>
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        <balance>105000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>110832.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Florida State University Housing Facility Revenue</name>
        <lei>N/A</lei>
        <title>Florida State Board of Governors, International University Dormitory</title>
        <cusip>34157REG1</cusip>
        <identifiers>
          <isin value="US34157REG11"/>
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        <balance>30000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>30721.81000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Vermont Student Assistance Corp.</name>
        <lei>549300VHYVRSKNFRSZ91</lei>
        <title>Vermont Student Assistance Corp., Education Loan, Series 2018A</title>
        <cusip>92428CLQ5</cusip>
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          <isin value="US92428CLQ59"/>
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        <balance>115000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>115641.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virginia Resources Authority</name>
        <lei>N/A</lei>
        <title>Virginia Resources Authority, Infrastructure Moral Obligation, Pooled Financing Program</title>
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        <balance>5000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5014.68000000</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>2026-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Texas Water Development Board</name>
        <lei>N/A</lei>
        <title>Texas Water Development Board, Water Implementation Fund</title>
        <cusip>882854Z39</cusip>
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          <isin value="US882854Z395"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>California Statewide Communities Development Authority</name>
        <lei>549300KTNI2GCJNX2U48</lei>
        <title>California Statewide Communities Development Authority</title>
        <cusip>13080STR5</cusip>
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          <isin value="US13080STR57"/>
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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>2024-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Mississippi Development Bank</name>
        <lei>549300122LOI8CB50V38</lei>
        <title>Mississippi Development Bank, Special Obligation, Water and Sewer System Project</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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      <invstOrSec>
        <name>Miami University/Oxford OH</name>
        <lei>N/A</lei>
        <title>Miami University, General Receipts</title>
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          <isin value="US593791HN94"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2029-09-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Community Unit School District No. 427 DeKalb and Kane Counties Illinois</name>
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          <isin value="US240361RW73"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-02-01</maturityDt>
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        <name>Will County School District No. 86 Joliet</name>
        <lei>N/A</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2024-03-01</maturityDt>
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      <invstOrSec>
        <name>San Lorenzo Valley Unified School District/CA</name>
        <lei>N/A</lei>
        <title>San Lorenzo Valley Unified School District, Election of 2020</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Utah Infrastructure Agency</name>
        <lei>549300WD2FDRNXU16V82</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montgomery County Industrial Development Authority/PA</name>
        <lei>N/A</lei>
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          <isin value="US613609K540"/>
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          <maturityDt>2044-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lane Community College</name>
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        <title>Lane Community College</title>
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          <isin value="US515182EY52"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2038-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alaska Industrial Development &amp; Export Authority</name>
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        <title>Alaska Industrial Development and Export Authority, Tanana Chiefs Conference Project</title>
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          <isin value="US011903GK13"/>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Montana Board of Housing</name>
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          <isin value="US61212RX763"/>
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          <maturityDt>2038-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Wisconsin Housing &amp; Economic Development Authority</name>
        <lei>549300AT0SEG8YQT2K79</lei>
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          <isin value="US97689QHL32"/>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>Medford Hospital Facilities Authority</name>
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        <title>Medford Hospital Facilities Authority</title>
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          <isin value="US584283GK50"/>
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        <name>Douglas County Hospital Authority No. 2</name>
        <lei>N/A</lei>
        <title>Douglas County Hospital Authority No. 2, Children's Hospital Obligated Group</title>
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        <name>Virginia Resources Authority</name>
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        <name>City of New York NY</name>
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        <name>Franklin-Mckinley School District</name>
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        <title>Franklin-Mckinley School District, Election of 2020</title>
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        <name>Metropolitan Government Nashville &amp; Davidson County Health &amp; Educational Facilities Bonds</name>
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        <name>Sales Tax Securitization Corp.</name>
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        <name>Las Vegas Convention &amp; Visitors Authority</name>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>Utah Infrastructure Agency</name>
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      <invstOrSec>
        <name>County of Franklin OH</name>
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        <name>American Municipal Power, Inc.</name>
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          <maturityDt>2037-02-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
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          <isin value="US57586P8H28"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-12-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lancaster Industrial Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US51434NAQ16"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Rockford IL</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2022-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Norfolk Economic Development Authority</name>
        <lei>N/A</lei>
        <title>Norfolk Economic Development Authority, Sentara Healthcare</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Tallahassee FL Utility System Revenue</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2023-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
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        <name>West Harris County Regional Water Authority</name>
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        <name>Metropolitan Nashville Airport Authority (The)</name>
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        <name>Colorado Health Facilities Authority</name>
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        <name>Michigan Strategic Fund</name>
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        <name>County of Galveston TX</name>
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        <name>Louisiana Public Facilities Authority</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Kentucky Turnpike Authority</name>
        <lei>N/A</lei>
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          <isin value="US491552P902"/>
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      <invstOrSec>
        <name>Metropolitan Washington Airports Authority Aviation Revenue</name>
        <lei>N/A</lei>
        <title>Metropolitan Washington Airports Authority Aviation</title>
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          <isin value="US592647EJ67"/>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Health &amp; Educational Facilities Authority of the State of Missouri</name>
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      <invstOrSec>
        <name>County of Pinal AZ</name>
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      <invstOrSec>
        <name>Georgia Higher Education Facilities Authority</name>
        <lei>N/A</lei>
        <title>Georgia Higher Education Facilities Authority, USG Real Estate Foundation II LLC Projects</title>
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          <maturityDt>2038-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Metropolitan Transportation Authority</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>University of Massachusetts Building Authority</name>
        <lei>6ILE2573NPR1XO2TR556</lei>
        <title>University of Massachusetts Building Authority</title>
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        <valUSD>55770.94000000</valUSD>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Fresno Joint Powers Financing Authority</name>
        <lei>N/A</lei>
        <title>Fresno Joint Powers Financing Authority</title>
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          <isin value="US358184PN30"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <maturityDt>2034-09-15</maturityDt>
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        <name>Town of Bellingham MA</name>
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        <name>Public Finance Authority</name>
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        <name>Illinois Finance Authority</name>
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        <name>Washington State Housing Finance Commission</name>
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        <name>New York State Urban Development Corp.</name>
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        <title>New York State Urban Development Corp.</title>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Berks County Industrial Development Authority</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>City of Houston TX Airport System Revenue</name>
        <lei>N/A</lei>
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          <isin value="US442349FX91"/>
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        <name>University of Utah (The)</name>
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          <isin value="US915183J733"/>
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        <name>Pierce &amp; Lewis Counties School District No. 404</name>
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          <isin value="US720287EQ03"/>
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        <name>New York State Dormitory Authority</name>
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        <name>DuPage &amp; Cook Counties Township High School District No. 86 Hinsdale</name>
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      <invstOrSec>
        <name>City of Port St. Lucie FL Utility System Revenue</name>
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        <name>Red Oak Independent School District</name>
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        <name>Vermont Student Assistance Corp.</name>
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        <name>Village of Tuxedo Park NY</name>
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        <name>Transport Metropolitan District No. 3</name>
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        <name>City of Houston TX Combined Utility System Revenue</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Orange County Health Facilities Authority</name>
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        <name>Douglas County Hospital Authority No. 2</name>
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        <name>Washington Health Care Facilities Authority</name>
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        <name>County of King WA Sewer Revenue</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>State of Connecticut</name>
        <lei>5493007GRO6CU0IKP741</lei>
        <title>State of Connecticut</title>
        <cusip>20772J2Q4</cusip>
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          <isin value="US20772J2Q42"/>
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        <balance>25000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27687.89000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>California Educational Facilities Authority</name>
        <lei>N/A</lei>
        <title>California Educational Facilities Authority, Claremont McKenna College, Series 2015A</title>
        <cusip>130179DN1</cusip>
        <identifiers>
          <isin value="US130179DN18"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>533423.65000000</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>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>City of Lakeland FL</name>
        <lei>XRPK4ZALF4437WO3JQ94</lei>
        <title>City of Lakeland, Capital Improvement, Series 2021A</title>
        <cusip>511662DA3</cusip>
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          <isin value="US511662DA34"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>246308.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Private Colleges &amp; Universities Authority</name>
        <lei>N/A</lei>
        <title>Private Colleges and Universities Authority, Emory University</title>
        <cusip>74265LU22</cusip>
        <identifiers>
          <isin value="US74265LU229"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>772225.35000000</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>2041-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204ECZ9</cusip>
        <identifiers>
          <isin value="US45204ECZ97"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>272174.98000000</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>2025-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vermont Housing Finance Agency</name>
        <lei>549300RD7EYN90K0W008</lei>
        <title>Vermont Housing Finance Agency, Multiple Purpose</title>
        <cusip>924190KG5</cusip>
        <identifiers>
          <isin value="US924190KG50"/>
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        <balance>120000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>122431.61000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EJA9</cusip>
        <identifiers>
          <isin value="US74442EJA91"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1399774.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2057-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>County of Warren OH</name>
        <lei>N/A</lei>
        <title>County of Warren, Healthcare Facilities, Otterbein Homes Obligated Group</title>
        <cusip>93515PCM7</cusip>
        <identifiers>
          <isin value="US93515PCM77"/>
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        <balance>35000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>37403.03000000</valUSD>
        <pctVal>0.006392359996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Broadway Park North Metropolitan District No. 2</name>
        <lei>N/A</lei>
        <title>Broadway Park North Metropolitan District No. 2, Limited Tax</title>
        <cusip>111561AC0</cusip>
        <identifiers>
          <isin value="US111561AC02"/>
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        <balance>650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>642339.36000000</valUSD>
        <pctVal>0.109778925110</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Texas Woman's University</name>
        <lei>N/A</lei>
        <title>Texas Woman's University, Financing System</title>
        <cusip>882874GG9</cusip>
        <identifiers>
          <isin value="US882874GG91"/>
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        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10532.64000000</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>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>George L Smith II Congress Center Authority</name>
        <lei>N/A</lei>
        <title>George L Smith II Congress Center Authority, Convention Center Hotel Second</title>
        <cusip>37255MAF2</cusip>
        <identifiers>
          <isin value="US37255MAF23"/>
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        <balance>1145000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1098184.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sales Tax Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Sales Tax Securitization Corp.</title>
        <cusip>79467BBT1</cusip>
        <identifiers>
          <isin value="US79467BBT17"/>
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        <balance>3500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3773704.55000000</valUSD>
        <pctVal>0.644944487262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Michigan State Building Authority</name>
        <lei>N/A</lei>
        <title>Michigan State Building Authority, Facilities Program</title>
        <cusip>594615FU5</cusip>
        <identifiers>
          <isin value="US594615FU57"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52103.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ontario Public Financing Authority</name>
        <lei>N/A</lei>
        <title>Ontario Public Financing Authority</title>
        <cusip>68304RDD9</cusip>
        <identifiers>
          <isin value="US68304RDD98"/>
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        <balance>200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>228007.02000000</valUSD>
        <pctVal>0.038967510216</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York State Urban Development Corp.</name>
        <lei>54930039Y2EMGXN6LM88</lei>
        <title>New York State Urban Development Corp., State Sales Tax</title>
        <cusip>64985TAL5</cusip>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2238953.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Indianapolis Local Public Improvement Bond Bank</name>
        <lei>549300LX8ESJHDSESB87</lei>
        <title>Indianapolis Local Public Improvement Bond Bank</title>
        <cusip>45528UZ20</cusip>
        <identifiers>
          <isin value="US45528UZ200"/>
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        <balance>160000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>186554.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capital Region Airport Commission</name>
        <lei>N/A</lei>
        <title>Capital Region Airport Commission, Richmond International Airport, Series 2016A</title>
        <cusip>140442FU3</cusip>
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          <isin value="US140442FU33"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>356953.31000000</valUSD>
        <pctVal>0.061005059204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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








    </explntrNotes>
    <signature>
      <ncom:dateSigned>2022-06-30</ncom:dateSigned>
      <ncom:nameOfApplicant>JPMorgan Trust II</ncom:nameOfApplicant>
      <ncom:signature>Timothy J. Clemens</ncom:signature>
      <ncom:signerName>Timothy J. Clemens</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
