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        <name>LANCASTER PA INDL DEV AUTH</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
        <lei>N/A</lei>
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        <name>NEW JERSEY ST ECON DEV AUTH SP</name>
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        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64578CBU45"/>
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        <name>NEW JERSEY ST TRANSPRTN TRUST</name>
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          <isin value="US64613CEV63"/>
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          <maturityDt>2041-06-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>ADAMS CNTY PA GEN AUTH REV</name>
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          <isin value="US006114AD47"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2054-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Freddie Mac Multifamily</name>
        <lei>S6XOOCT0IEG5ABCC6L87</lei>
        <title>Freddie Mac Multifamily ML Certificates</title>
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          <isin value="US3137HASR81"/>
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        <curCd>USD</curCd>
        <valUSD>2023928.54000000</valUSD>
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        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-09-25</maturityDt>
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        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
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          <maturityDt>2045-07-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>COLBY KS HOSP LOAN ANTICIPATIO</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-07-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>MIAMI-DADE CNTY FL AVIATION RE</name>
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        <valUSD>957444.15000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-10-01</maturityDt>
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        <name>PUBLIC FIN AUTH WI EDU REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442EBX7</cusip>
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          <isin value="US74442EBX76"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-06-15</maturityDt>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <title>North Carolina Medical Care Commission</title>
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        <balance>2555000.00000000</balance>
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        <name>SOUTH CAROLINA ST JOBS-ECON DE</name>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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        <name>LAKEWOOD RANCH FL STEWARDSHIP</name>
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        <name>PATRIOTS ENERGY GROUP FING AGY</name>
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        <name>COLORADO ST EDUCTNL &amp; CULTURAL</name>
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        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
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        <title>New Hampshire Business Finance Authority</title>
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        <name>AKRON BATH COPLEY JT TWP OH HO</name>
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      <invstOrSec>
        <name>CELINA TX INDEP SCH DIST</name>
        <lei>N/A</lei>
        <title>Celina Independent School District</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Vanguard Tax-Exempt Bond Index ETF</name>
        <lei>N/A</lei>
        <title>Vanguard Tax-Exempt Bond Index ETF</title>
        <cusip>922907746</cusip>
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          <isin value="US9229077469"/>
          <ticker value="VTEB"/>
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        <balance>25000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1225250.00000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ARLINGTON TX HGR EDU FIN CORP</name>
        <lei>N/A</lei>
        <title>Arlington Higher Education Finance Corp</title>
        <cusip>041807DW5</cusip>
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          <isin value="US041807DW57"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1265767.82000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>PUERTO RICO SALES TAX FING COR</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</title>
        <cusip>74529JQG3</cusip>
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          <isin value="US74529JQG30"/>
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        <balance>51183000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15926063.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-07-01</maturityDt>
          <couponKind>None</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITAL TRUST AGY FL REVENUE</name>
        <lei>549300F49UWS7X0OGQ59</lei>
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          <isin value="US14052WDN48"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHESTER CNTY PA INDL DEV AUTH</name>
        <lei>N/A</lei>
        <title>Chester County Industrial Development Authority</title>
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          <isin value="US165588FP49"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>LAKEWOOD RANCH FL STEWARDSHIP</name>
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          <isin value="US51265KAZ12"/>
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        <curCd>USD</curCd>
        <valUSD>201002.12000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>Wisconsin Health &amp; Educational Facilities Authority</title>
        <cusip>97712JHF3</cusip>
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          <isin value="US97712JHF30"/>
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        <balance>1400000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HOUSTON TX ARPT SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Houston TX Airport System Revenue</title>
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          <isin value="US4423485T17"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-15</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45204FHU21"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH NH SENIOR LI</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US63608SAM44"/>
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        <name>NATIONAL FIN AUTH NH MUNI CTFS</name>
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        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US63607WAR51"/>
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        <name>M-S-R CA ENERGY AUTH GAS REVEN</name>
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        <name>MISSOURI ST HLTH &amp; EDUCTNL FAC</name>
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        <name>CAPITAL TRUST AGY FL REVENUE</name>
        <lei>549300F49UWS7X0OGQ59</lei>
        <title>Capital Trust Agency Inc</title>
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          <isin value="US14052WDK09"/>
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        <name>JULINGTON CREEK PLANTATION FLC</name>
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        <name>SAINT LOUIS CNTY MO INDL DEV A</name>
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        <title>St Louis County Industrial Development Authority</title>
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        <name>PUB FIN AUTH WI TAX INCREMENT</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74448EAA29"/>
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        <name>TENNERGY CORP TN GAS REVENUE</name>
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          <isin value="US880397BW31"/>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>BUCKEYE OH TOBACCO SETTLEMENT</name>
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        <title>Buckeye Tobacco Settlement Financing Authority</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>WISCONSIN ST HLTH &amp; EDUCTNL FA</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <name>ERIE CNTY NY TOBACCO ASSET SEC</name>
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          <isin value="US295095BC64"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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          <maturityDt>2050-07-01</maturityDt>
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        <name>NATIONAL FIN AUTH NH MF AFFORD</name>
        <lei>N/A</lei>
        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US63610CAA18"/>
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        <balance>2500000.00000000</balance>
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          <maturityDt>2042-04-28</maturityDt>
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        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
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          <maturityDt>2050-07-15</maturityDt>
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        <name>ILLINOIS ST</name>
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        <name>CUYAHOGA CNTY OH HOSP REVENUE</name>
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        <name>COBB CNTY GA KENNESTONE HOSP A</name>
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        <title>Cobb County Kennestone Hospital Authority</title>
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        <name>NATIONAL FIN AUTH NH REVENUE</name>
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        <name>NEW YORK ST ENVRNMNTL FACS COR</name>
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        <title>New York State Environmental Facilities Corp</title>
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        <invCountry>US</invCountry>
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          <maturityDt>2050-09-01</maturityDt>
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        <name>RAMPART RANGE CO MET DIST #5</name>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH NH SPL REVEN</name>
        <lei>N/A</lei>
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          <maturityDt>2031-12-01</maturityDt>
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      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE S</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
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          <isin value="US45202HAM51"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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        <name>MAIN STREET NATURAL GAS INC GA</name>
        <lei>549300NY5M0QVZ6X4U26</lei>
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          <isin value="US56035DJJ28"/>
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        <curCd>USD</curCd>
        <valUSD>7765701.27000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>EP ESSENTIAL HOUSING WF PFC TX</name>
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          <isin value="US29416AAA25"/>
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        <valUSD>1009922.49000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
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          <annualizedRt>4.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>SHELBY CNTY TENN HEALTH EDL &amp;</name>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SACRAMENTO CA SPL TAX</name>
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          <maturityDt>2050-09-01</maturityDt>
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        <name>KNOX CNTY TN HLTH EDUCTNL &amp; HS</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL FIN AUTH LEASE REVENU</name>
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          <isin value="US63610FBL94"/>
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          <maturityDt>2051-06-01</maturityDt>
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        <name>NATIONAL FIN AUTH NH AFFORDABL</name>
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        <title>New Hampshire Business Finance Authority</title>
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          <isin value="US63607DAF33"/>
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        <balance>2499252.50000000</balance>
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          <maturityDt>2041-06-20</maturityDt>
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          <annualizedRt>5.15000000</annualizedRt>
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        <name>COLORADO ST HLTH FACS AUTH REV</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>National Finance Authority</name>
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        <title>New Hampshire Business Finance Authority</title>
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        <name>CHICAGO IL BRD OF EDU</name>
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        <name>HARBOR POINT CT INFRASTRUCTURE</name>
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        <name>S MIAMI FL HLTH FACS AUTH</name>
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        <name>TOBACCO SECURITIZATION AUTH NT</name>
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        <name>ATLANTA GA ARPT REVENUE</name>
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        <name>GLENDALE AZ INDL DEV AUTH SENI</name>
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        <name>Freddie Mac Multifamily</name>
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        <name>SAINT PAUL MN PORT AUTH SOL WS</name>
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        <name>TOBACCO SETTLEMENT FING CORP R</name>
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        <name>ILLINOIS ST</name>
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        <name>ILLINOIS ST FIN AUTH REVENUE</name>
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        <title>Illinois Finance Authority</title>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <title>Michigan Finance Authority</title>
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        <name>NEW HOPE CULTURAL EDU FACS FIN</name>
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        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
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        <name>iShares National Muni Bond ETF</name>
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      <invstOrSec>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
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          <isin value="US74442PJV85"/>
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          <isin value="US167593X986"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isin value="US1675934S88"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-01-01</maturityDt>
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        <name>DIST OF COLUMBIA REVENUE</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NEW JERSEY ST ECON DEV AUTH RE</name>
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          <isin value="US6459182H50"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-10-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIAMI-DADE CNTY FL EDUCTNL FAC</name>
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        <title>Miami-Dade County Educational Facilities Authority</title>
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          <isin value="US59333APP02"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2041-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>BERKELEY CNTY SC ASSMNT REVENU</name>
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          <isin value="US084220AC61"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-11-01</maturityDt>
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        <name>ILLINOIS ST</name>
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          <isin value="US452153JV28"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>MICHIGAN ST FIN AUTH REVENUE</name>
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        <title>Michigan Finance Authority</title>
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          <isin value="US59447TL760"/>
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        <name>NEW YORK NY CITY TRANSITIONAL</name>
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          <maturityDt>2055-05-01</maturityDt>
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        <name>PORT SEATTLE WA INDL DEV CORP</name>
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        <name>MAINE ST FIN AUTH SOL WST DISP</name>
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        <name>TOBACCO SECURITIZATION AUTH ST</name>
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          <maturityDt>2054-06-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>CALIFORNIA CNTY CA TOBACCO SEC</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-01</maturityDt>
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        <name>National Finance Authority</name>
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      <invstOrSec>
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        <title>Chicago O'Hare International Airport</title>
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          <isin value="US1675934P40"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-01-01</maturityDt>
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      <invstOrSec>
        <name>PUBLIC FIN AUTH WI SPL REVENUE</name>
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          <isin value="US74447TAG76"/>
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          <isin value="US425099AB40"/>
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          <maturityDt>2052-01-01</maturityDt>
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          <annualizedRt>4.70000000</annualizedRt>
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        <name>ILLINOIS ST</name>
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          <isin value="US4521525Q05"/>
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        <valUSD>1969133.45000000</valUSD>
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          <maturityDt>2035-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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          <isin value="US64972JTU24"/>
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          <maturityDt>2053-05-01</maturityDt>
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        <name>SAINT JOHNS CNTY FL INDL DEV A</name>
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          <isin value="US79041LAP31"/>
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          <maturityDt>2046-12-15</maturityDt>
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          <isin value="US56042CAY12"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-12-01</maturityDt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>DETROIT MI</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>CENTRL PLAINS ENERGY PROJ NE G</name>
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          <isin value="US154872AY18"/>
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        <name>MISSISSIPPI ST BUSINESS FIN CO</name>
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          <isin value="US60527MBA62"/>
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        <name>WASHINGTON ST HSG FIN COMMISSI</name>
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        <title>Washington State Housing Finance Commission</title>
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        <name>VLG FL CDD #13 SPL ASSMNT REVE</name>
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        <name>CHICAGO IL O'HARE INTERNATIONA</name>
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      <invstOrSec>
        <name>BLACK BELT ENERGY GAS DIST AL</name>
        <lei>549300I8V0Z68JQCB679</lei>
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          <isin value="US09182TEV52"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>VIRGINIA BEACH VA DEV AUTH RSD</name>
        <lei>N/A</lei>
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          <isin value="US92774NBC39"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2059-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHICAGO IL WTRWKS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Chicago IL Waterworks Revenue</title>
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          <isin value="US167736U961"/>
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        <curCd>USD</curCd>
        <valUSD>757242.97000000</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>2053-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPARKS NV TOURISM IMPT DIST #1</name>
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          <isin value="US846562AD84"/>
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        <curCd>USD</curCd>
        <valUSD>274321.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>TENNERGY CORP TN GAS REVENUE</name>
        <lei>5493008K3JJFBSC4C235</lei>
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          <isin value="US880397CF98"/>
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        <balance>850000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>906594.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-10-01</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HARRIS CNTY TX INDL DEV CORP</name>
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          <isin value="US414189AK69"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-01</maturityDt>
          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>ARIZONA ST INDL DEV AUTH EDU R</name>
        <lei>N/A</lei>
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        <cusip>04052BRH9</cusip>
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          <isin value="US04052BRH95"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>NEW JERSEY ST TURNPIKE AUTH TU</name>
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        <title>New Jersey Turnpike Authority</title>
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          <isin value="US646140JD64"/>
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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>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>FLORIDA ST DEV FIN CORP EDUCTN</name>
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        <title>Florida Development Finance Corp</title>
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          <isin value="US34061UFY91"/>
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        <curCd>USD</curCd>
        <valUSD>890831.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>VanEck High Yield Muni ETF</name>
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        <title>VanEck High Yield Muni ETF</title>
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          <isin value="US92189H4092"/>
          <ticker value="HYD"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CHESTER CNTY PA INDL DEV AUTHS</name>
        <lei>N/A</lei>
        <title>Chester County Industrial Development Authority</title>
        <cusip>16559PBU8</cusip>
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          <isin value="US16559PBU84"/>
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        <balance>5000000.00000000</balance>
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        <name>DENVER CITY &amp; CNTY CO ARPT REV</name>
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          <isin value="US249182VE36"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74442PD28</cusip>
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          <isin value="US74442PD288"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-11-15</maturityDt>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>PUBLIC FIN AUTH WI REVENUE</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
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          <isin value="US74442PCQ63"/>
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        <name>VLG FL CDD #13 SPL ASSMNT REVE</name>
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          <isin value="US92708HAE45"/>
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          <maturityDt>2050-05-01</maturityDt>
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        <name>NEW JERSEY ST ECON DEV AUTH SP</name>
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        <title>New Jersey Economic Development Authority</title>
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          <isin value="US64578CAH43"/>
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        <name>NORTH CAROLINA ST MED CARE COM</name>
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        <title>North Carolina Medical Care Commission</title>
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        <invCountry>US</invCountry>
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        <name>PHOENIX AZ INDL DEV AUTH EDU R</name>
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        <title>Industrial Development Authority of the City of Phoenix Arizona/The</title>
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        <name>PUBLIC FIN AUTH WI CHRT SCH RE</name>
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        <name>INDIANAPOLIS IN LOCAL PUBLIC I</name>
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          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116CZ7</cusip>
        <identifiers>
          <isin value="US650116CZ75"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2483209.80000000</valUSD>
        <pctVal>0.288905456251</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK ST TRANSPRTN DEV CORP</name>
        <lei>N/A</lei>
        <title>New York Transportation Development Corp</title>
        <cusip>650116AV8</cusip>
        <identifiers>
          <isin value="US650116AV89"/>
        </identifiers>
        <balance>4480000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>4248534.47000000</valUSD>
        <pctVal>0.494289604307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SUFFOLK NY TOBACCO ASSET SECUR</name>
        <lei>N/A</lei>
        <title>Suffolk Tobacco Asset Securitization Corp</title>
        <cusip>864809CD8</cusip>
        <identifiers>
          <isin value="US864809CD88"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>81776.10000000</valUSD>
        <pctVal>0.009514122198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-06-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ILLINOIS ST FIN AUTH REVENUE</name>
        <lei>549300ZG6UBPNNNRN315</lei>
        <title>Illinois Finance Authority</title>
        <cusip>45204EU55</cusip>
        <identifiers>
          <isin value="US45204EU559"/>
        </identifiers>
        <balance>10000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>10231.80000000</valUSD>
        <pctVal>0.001190403987</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VLG FL CDD #13 SPL ASSMNT REVE</name>
        <lei>N/A</lei>
        <title>Village Community Development District No 13</title>
        <cusip>92708HAK0</cusip>
        <identifiers>
          <isin value="US92708HAK05"/>
        </identifiers>
        <balance>1165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>850988.45000000</valUSD>
        <pctVal>0.099007021642</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HOUSTON TX ARPT SYS REVENUE</name>
        <lei>N/A</lei>
        <title>City of Houston TX Airport System Revenue</title>
        <cusip>4423487S1</cusip>
        <identifiers>
          <isin value="US4423487S16"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2000262.45000000</valUSD>
        <pctVal>0.232717644614</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BUILD NYC RESOURCE CORP NY REV</name>
        <lei>549300GROJFKMNLWEK84</lei>
        <title>Build NYC Resource Corp</title>
        <cusip>12008ESB3</cusip>
        <identifiers>
          <isin value="US12008ESB38"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1142167.05000000</valUSD>
        <pctVal>0.132883775142</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WARREN CNTY OH HLTH CARE FACS</name>
        <lei>N/A</lei>
        <title>County of Warren OH</title>
        <cusip>93515PEM5</cusip>
        <identifiers>
          <isin value="US93515PEM59"/>
        </identifiers>
        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1380874.21000000</valUSD>
        <pctVal>0.160655814770</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VENICE FL</name>
        <lei>N/A</lei>
        <title>City of Venice FL</title>
        <cusip>922687AH1</cusip>
        <identifiers>
          <isin value="US922687AH14"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>877945.91000000</valUSD>
        <pctVal>0.102143348376</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC FIN AUTH WI ARPT FACS R</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority</title>
        <cusip>74443CAB9</cusip>
        <identifiers>
          <isin value="US74443CAB90"/>
        </identifiers>
        <balance>340000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>340283.37000000</valUSD>
        <pctVal>0.039589777015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KERRVILLE TX HLTH FACS DEV COR</name>
        <lei>N/A</lei>
        <title>Kerrville Health Facilities Development Corp</title>
        <cusip>492436AZ3</cusip>
        <identifiers>
          <isin value="US492436AZ36"/>
        </identifiers>
        <balance>3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3000430.98000000</valUSD>
        <pctVal>0.349080807117</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport</title>
        <cusip>167593M74</cusip>
        <identifiers>
          <isin value="US167593M740"/>
        </identifiers>
        <balance>3005000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2556021.98000000</valUSD>
        <pctVal>0.297376684128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CENTRL TX REGL MOBILITY AUTH R</name>
        <lei>N/A</lei>
        <title>Central Texas Regional Mobility Authority</title>
        <cusip>155498FP8</cusip>
        <identifiers>
          <isin value="US155498FP80"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>958914.71000000</valUSD>
        <pctVal>0.111563546422</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CONNECTICUT ST HLTH &amp; EDUCTNL</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority</title>
        <cusip>20775DYW6</cusip>
        <identifiers>
          <isin value="US20775DYW63"/>
        </identifiers>
        <balance>2005000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1914322.98000000</valUSD>
        <pctVal>0.222719141149</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO IL O'HARE INTERNATIONA</name>
        <lei>N/A</lei>
        <title>Chicago O'Hare International Airport</title>
        <cusip>1675934F6</cusip>
        <identifiers>
          <isin value="US1675934F67"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1025156.78000000</valUSD>
        <pctVal>0.119270384344</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>

    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-10-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Prudential Investment Portfolios 4</ncom:nameOfApplicant>
      <ncom:signature>Christian J. Kelly</ncom:signature>
      <ncom:signerName>Christian J. Kelly</ncom:signerName>
      <ncom:title>Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
