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        <name>Tea Area SD #41-5</name>
        <lei>549300IRZZH4RBPPRI18</lei>
        <title>GO Bonds Series 2022A</title>
        <cusip>87807WLB5</cusip>
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          <isin value="US87807WLB53"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chino Valley USD</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2022C</title>
        <cusip>169583JP7</cusip>
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          <isin value="US169583JP75"/>
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        <balance>600000.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-08-01</maturityDt>
          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>Pennsylvania State Univ</name>
        <lei>549300QDK4O4XCJ47X56</lei>
        <title>RB Series 2022A</title>
        <cusip>709235W68</cusip>
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          <isin value="US709235W684"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
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      <invstOrSec>
        <name>New York State Urban Development Corp</name>
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        <title>State Personal Income Tax RB Series 2020C</title>
        <cusip>650036CH7</cusip>
        <identifiers>
          <isin value="US650036CH74"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
        <lei>N/A</lei>
        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AN7</cusip>
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          <isin value="US841291AN73"/>
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        <balance>9500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-02-01</maturityDt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
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        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AQ0</cusip>
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          <isin value="US841291AQ05"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2007-02-01</maturityDt>
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          <annualizedRt>5.03000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
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        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AE7</cusip>
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          <isin value="US841291AE74"/>
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        <balance>15000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2000-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.36000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Auth</name>
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        <title>RB (Rochester Institute of Technology) Series 2022A</title>
        <cusip>65000BWJ3</cusip>
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          <isin value="US65000BWJ33"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>546853.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Jersey Transportation Auth</name>
        <lei>549300W8SZI2CAOKT956</lei>
        <title>Transportation System Refunding RB Series 2014A</title>
        <cusip>838536HF0</cusip>
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          <isin value="US838536HF02"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>999513.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>East Pierce Fire &amp; Rescue</name>
        <lei>N/A</lei>
        <title>ULT GO Bonds Series 2022</title>
        <cusip>274448BM0</cusip>
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          <isin value="US274448BM04"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>891345.12000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
        <lei>N/A</lei>
        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AM9</cusip>
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          <isin value="US841291AM90"/>
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        <balance>450000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>166500.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2017-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.23000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lake Worth Beach</name>
        <lei>N/A</lei>
        <title>Consolidated Utility RB Series 2022</title>
        <cusip>511350BV1</cusip>
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          <isin value="US511350BV12"/>
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        <balance>500000.00000000</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>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Massachusetts Development Finance Agency</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>RB (Boston Medical Center) Series 2023G</title>
        <cusip>57584Y4T3</cusip>
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          <isin value="US57584Y4T33"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>521269.55000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New York City Transitional Finance Auth</name>
        <lei>N/A</lei>
        <title>Future Tax Secured Sub Bonds Fiscal 2023 Series A1</title>
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          <isin value="US64971XX942"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Colorado Health Facilities Auth</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>RB (Intermountain Healthcare) Series 2022A</title>
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          <isin value="US19648FVG61"/>
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        <balance>200000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-05-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Carolina Public Service Auth</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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          <isin value="US837151RT83"/>
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        <balance>500000.00000000</balance>
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        <valUSD>499981.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Metropolitan Transportation Auth</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Transportation RB Series 2020C1</title>
        <cusip>59261AG50</cusip>
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          <isin value="US59261AG500"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Bullard ISD</name>
        <lei>N/A</lei>
        <title>ULT GO Bonds Series 2022</title>
        <cusip>120214RN3</cusip>
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          <isin value="US120214RN36"/>
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        <balance>350000.00000000</balance>
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        <valUSD>380578.52000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Park Creek Metropolitan District</name>
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          <isin value="US700387GW79"/>
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      </invstOrSec>
      <invstOrSec>
        <name>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
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        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AP2</cusip>
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          <isin value="US841291AP22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2006-02-01</maturityDt>
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        <name>New Jersey Turnpike Auth</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <cusip>646140ET6</cusip>
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          <isin value="US646140ET61"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isin value="US732203BH60"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2051-09-01</maturityDt>
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        <name>Pennsylvania State Turnpike Commission</name>
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          <isin value="US709224WR66"/>
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        <name>Louisiana Public Facilities Auth</name>
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        <name>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
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        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AK3</cusip>
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          <isin value="US841291AK35"/>
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          <maturityDt>2005-02-01</maturityDt>
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        <name>Connecticut Health &amp; Educational Facilities Auth</name>
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          <isin value="US20775DTQ50"/>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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        <name>Baltimore Cnty</name>
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        <title>Metropolitan District GO Bonds 78th Issue</title>
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          <maturityDt>2046-02-01</maturityDt>
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        <name>Chattanooga Health Educational &amp; Housing Facilities Board</name>
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        <name>Denver</name>
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          <maturityDt>2053-11-15</maturityDt>
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        <name>Greater Asheville Regional Airport Auth</name>
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        <name>New York City Transitional Finance Auth</name>
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        <title>Future Tax Secured Sub Bonds Fiscal 2017 Series E1</title>
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        <name>Great Lakes Water Auth</name>
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          <maturityDt>2047-07-01</maturityDt>
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        <name>Lynchburg Economic Development Auth</name>
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          <isin value="US55123TAU60"/>
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        <name>Chicago</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
        <title>2nd Lien Water RB Series 2014</title>
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        <name>New York State Dormitory Auth</name>
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        <title>State Personal Income Tax RB Series 2017A</title>
        <cusip>64990FQ23</cusip>
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        <balance>500000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Guam Waterworks Auth</name>
        <lei>N/A</lei>
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          <isin value="US40065FBR47"/>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Commonwealth Financing Auth</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement RB Series 2018</title>
        <cusip>20282EAR7</cusip>
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          <isin value="US20282EAR71"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>North Texas Tollway Auth</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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          <isin value="US66285WUY01"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New York State Dormitory Auth</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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          <isin value="US65000BNH77"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tampa</name>
        <lei>N/A</lei>
        <title>RB (Moffitt Cancer Center) Series 2020A</title>
        <cusip>875146BD3</cusip>
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          <isin value="US875146BD38"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52415.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>None</couponKind>
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        <name>Philadelphia</name>
        <lei>549300IVFOPB4AG7UL47</lei>
        <title>Water &amp; Wastewater RB Series 2019B</title>
        <cusip>717893N64</cusip>
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          <isin value="US717893N648"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Charlotte</name>
        <lei>5493001QNY6JJFWHQ568</lei>
        <title>Airport RB (Charlotte Douglas Intl) Series 2021B</title>
        <cusip>161036SU3</cusip>
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          <isin value="US161036SU36"/>
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        <balance>250000.00000000</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>2051-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Newark Higher Education Finance Corp</name>
        <lei>N/A</lei>
        <title>Education RB (The Hughen Center) Series 2022A</title>
        <cusip>650346FS3</cusip>
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          <isin value="US650346FS32"/>
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        <balance>500000.00000000</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>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
        <lei>N/A</lei>
        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AR8</cusip>
        <identifiers>
          <isin value="US841291AR87"/>
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        <balance>10000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3700.00000000</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>2008-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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      <invstOrSec>
        <name>Halifax Hospital Medical Center</name>
        <lei>549300H6HDJUXLEMUW23</lei>
        <title>Hospital Revenue &amp; Refunding Bonds Series 2016</title>
        <cusip>405815LG4</cusip>
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          <isin value="US405815LG47"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>514227.10000000</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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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Oklahoma Development Finance Auth</name>
        <lei>549300PXGPHUWC32DJ91</lei>
        <title>Health System RB (OU Medicine) Series 2018B</title>
        <cusip>67884XCN5</cusip>
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          <isin value="US67884XCN57"/>
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        <balance>500000.00000000</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>2057-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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      <invstOrSec>
        <name>Louisiana Public Facilities Auth</name>
        <lei>549300RQIPT5S4P4M065</lei>
        <title>RB Series 2020A</title>
        <cusip>546399PD2</cusip>
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          <isin value="US546399PD25"/>
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        <balance>60000.00000000</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>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Bonds Series 2018A</title>
        <cusip>888808HR6</cusip>
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          <isin value="US888808HR61"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>McKinney</name>
        <lei>N/A</lei>
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        <cusip>581714A44</cusip>
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          <isin value="US581714A448"/>
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        <balance>400000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Texas Transportation Commission</name>
        <lei>5493006JSGNPGVJS7691</lei>
        <title>Central Texas Turnpike System 2nd Tier Refunding RB Series 2015C</title>
        <cusip>88283KAX6</cusip>
        <identifiers>
          <isin value="US88283KAX63"/>
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        <balance>800000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>813014.48000000</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>2034-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Lynchburg Economic Development Auth</name>
        <lei>N/A</lei>
        <title>Hospital Refunding RB (Centra Health) Series 2021</title>
        <cusip>55123TBN1</cusip>
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          <isin value="US55123TBN19"/>
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        <balance>520000.00000000</balance>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Miami-Dade Cnty</name>
        <lei>N/A</lei>
        <title>Refunding RB Series 2022A</title>
        <cusip>59335KFB8</cusip>
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          <isin value="US59335KFB89"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>783026.33000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Tampa</name>
        <lei>N/A</lei>
        <title>Revenue &amp; Refunding Bonds (Univ of Tampa) Series 2020A</title>
        <cusip>875231LV2</cusip>
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          <isin value="US875231LV22"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>444134.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-04-01</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>Wisconsin Health &amp; Educational Facilities Auth</name>
        <lei>549300ISNGXS0VHGVD41</lei>
        <title>RB (Woodland Hill Sr Housing) Series 2014</title>
        <cusip>97712DGC4</cusip>
        <identifiers>
          <isin value="US97712DGC48"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>430177.65000000</valUSD>
        <pctVal>1.145742908654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</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>Beaverton SD #48J</name>
        <lei>N/A</lei>
        <title>GO Bonds Series 2022A</title>
        <cusip>938429Y35</cusip>
        <identifiers>
          <isin value="US938429Y351"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>143176.05000000</valUSD>
        <pctVal>0.381337672881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-06-15</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>Metropolitan Transportation Auth</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>Transportation RB Series 2020C1</title>
        <cusip>59261AG35</cusip>
        <identifiers>
          <isin value="US59261AG351"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>491373.05000000</valUSD>
        <pctVal>1.308731840302</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-11-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</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>South Central Minnesota Multi-Cnty Hsg &amp; Redevelopment Auth</name>
        <lei>N/A</lei>
        <title>Pooled Housing Development RB Series 1993</title>
        <cusip>841291AG2</cusip>
        <identifiers>
          <isin value="US841291AG23"/>
        </identifiers>
        <balance>30000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>11100.00000000</valUSD>
        <pctVal>0.029563940121</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2002-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.71000000</annualizedRt>
          <isDefault>Y</isDefault>
          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Gas Supply RB Series 2022D1</title>
        <cusip>09182NCB4</cusip>
        <identifiers>
          <isin value="US09182NCB47"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>999795.40000000</valUSD>
        <pctVal>2.662873093605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York City</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>GO Bonds Fiscal 2021 Series F1</title>
        <cusip>64966QVV9</cusip>
        <identifiers>
          <isin value="US64966QVV93"/>
        </identifiers>
        <balance>545000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>515244.58000000</valUSD>
        <pctVal>1.372311703682</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-03-01</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>South Carolina Public Service Auth</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>RB Series 2022E</title>
        <cusip>837151U31</cusip>
        <identifiers>
          <isin value="US837151U310"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>814781.33000000</valUSD>
        <pctVal>2.170103283960</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</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>Northern Illinois Univ</name>
        <lei>N/A</lei>
        <title>Auxiliary Facilities System RB Series 2021</title>
        <cusip>665245ZN9</cusip>
        <identifiers>
          <isin value="US665245ZN90"/>
        </identifiers>
        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>370523.00000000</valUSD>
        <pctVal>0.986857638334</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-10-01</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>Port Vancouver Washington</name>
        <lei>N/A</lei>
        <title>LT GO Bonds Series 2022A</title>
        <cusip>735524NR7</cusip>
        <identifiers>
          <isin value="US735524NR77"/>
        </identifiers>
        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>550560.50000000</valUSD>
        <pctVal>1.466372761718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-12-01</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>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Item B.3.C, credit spread risk, for this fund has been amended from the previous filing." noteItem="B.3.c"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees. The fund does not have sales loads or redemption fees." noteItem="B.5.a"/>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees. The fund does not have sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-05-31</ncom:dateSigned>
      <ncom:nameOfApplicant>SCHWAB INVESTMENTS</ncom:nameOfApplicant>
      <ncom:signature>Dana Smith</ncom:signature>
      <ncom:signerName>Dana Smith</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
