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        <name>NEW YORK ST DORM AUTH</name>
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        <name>CLINTON CNTY N Y CAP RES CORP</name>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK N Y</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <name>GUILDERLAND N Y INDL DEV AGY</name>
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        <name>NEW YORK ST URBAN DEV CORP</name>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>PUERTO RICO SALES TAX FINANCING CORP</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2058-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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          <isin value="US12008EPN03"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)</name>
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          <isin value="US64971XFW39"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>ALBANY N Y CAP RESOURCE CORP</name>
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          <maturityDt>2064-06-01</maturityDt>
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        <name>NEW YORK LIBERTY DEV CORP</name>
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          <maturityDt>2044-11-15</maturityDt>
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        <name>NEW YORK N Y CITY HSG DEV CORP</name>
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          <maturityDt>2054-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NEW YORK N Y CITY INDL DEV AGY</name>
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          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>NEW YORK ST DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <name>TRIBOROUGH BRDG &amp; TUNL AUTH N Y</name>
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        <name>MATCHING FD SPL PURP SECURITIZATION CORP VIRGIN IS</name>
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        <name>TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (NY)</name>
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        <name>DELTA AIR LINES INC</name>
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        <name>CHILDRENS TR FD P R</name>
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      <invstOrSec>
        <name>MONROE CNTY N Y INDL DEV CORP</name>
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        <name>CLINTON CNTY N Y CAP RES CORP</name>
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          <maturityDt>2043-07-01</maturityDt>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
        <lei>5493000TKYODLXADQD60</lei>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <curCd>USD</curCd>
        <valUSD>485375.00000000</valUSD>
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          <maturityDt>2052-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>NASSAU CNTY N Y LOC ECONOMIC ASSISTANCE &amp; FING CORP</name>
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        <fairValLevel>2</fairValLevel>
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        <name>NEW YORK ST DORM AUTH</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-08-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>PR PRCPWR 5 07/01/2032</title>
        <cusip>74526QKW1</cusip>
        <identifiers>
          <isin value="US74526QKW14"/>
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        <curCd>USD</curCd>
        <valUSD>747600.00000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>PUERTO RICO ELEC PWR AUTH</name>
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        <cusip>74526QVD1</cusip>
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          <isin value="US74526QVD14"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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        <name>NEW YORK N Y CITY HSG DEV CORP</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.80000000</annualizedRt>
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      <invstOrSec>
        <name>RIVERHEAD N Y INDL DEV AUTH</name>
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          <isin value="US76876RAT86"/>
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        <curCd>USD</curCd>
        <valUSD>2159052.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>NEW YORK TRANSN DEV CORP</name>
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          <isin value="US650116HU34"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1449390.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-12-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY)</name>
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          <isin value="US64972JGW27"/>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2053-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>BUILD NYC RESOURCE CORP N Y</name>
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        <title>NY BUIGEN 4 08/01/2042</title>
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        <balance>500000.00000000</balance>
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        <valUSD>445465.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-08-01</maturityDt>
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        <name>METROPOLITAN TRANSN AUTH N Y</name>
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        <name>NEW YORK CNTYS TOB TR V</name>
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        <name>NEW YORK ST DORM AUTH</name>
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        <name>NEW YORK N Y CITY HSG DEV CORP</name>
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        <name>DUTCHESS CNTY N Y LOC DEV CORP</name>
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        <name>NIAGARA N Y AREA DEV CORP</name>
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        <title>NY NIAPOL 4.75 11/01/2042</title>
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          <isin value="US653542AC49"/>
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          <maturityDt>2042-11-01</maturityDt>
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          <annualizedRt>4.75000000</annualizedRt>
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        <name>ONONDAGA N Y CIVIC DEV CORP</name>
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        <name>GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO</name>
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        <name>GDB DEBT RECOVERY AUTH OF COMWLTH PUERTO RICO</name>
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        <name>GLEN COVE N Y LOC ECONOMIC ASSISTANCE CORP</name>
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        <name>NEW YORK N Y CITY INDL DEV AGY</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</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>MONROE CNTY N Y INDL DEV CORP</name>
        <lei>N/A</lei>
        <title>NY MONDEV 5 07/01/2059</title>
        <cusip>61075TXW3</cusip>
        <identifiers>
          <isin value="US61075TXW34"/>
        </identifiers>
        <balance>350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>321349.00000000</valUSD>
        <pctVal>0.132316918348</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2059-07-01</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>METROPOLITAN TRANSN AUTH N Y</name>
        <lei>5493000TKYODLXADQD60</lei>
        <title>NY MTATRN 5.25 11/15/2055</title>
        <cusip>59261A5G8</cusip>
        <identifiers>
          <isin value="US59261A5G89"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1048380.00000000</valUSD>
        <pctVal>0.431675252944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-15</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>PUERTO RICO SALES TAX FINANCING CORP</name>
        <lei>549300EIUFISISP8X671</lei>
        <title>PR PRCGEN 4.55 07/01/2040</title>
        <cusip>74529JPV1</cusip>
        <identifiers>
          <isin value="US74529JPV16"/>
        </identifiers>
        <balance>444000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>446974.80000000</valUSD>
        <pctVal>0.184043915230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.55000000</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 DORM AUTH</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NY NYSHGR 5.5 05/15/2027</title>
        <cusip>64983QJA8</cusip>
        <identifiers>
          <isin value="US64983QJA85"/>
        </identifiers>
        <balance>2500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2603050.00000000</valUSD>
        <pctVal>1.071817725610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</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>NEW YORK N Y</name>
        <lei>549300ABYZD2SFD5JB29</lei>
        <title>NY NYC 5.25 02/01/2050</title>
        <cusip>64966SME3</cusip>
        <identifiers>
          <isin value="US64966SME36"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1067630.00000000</valUSD>
        <pctVal>0.439601528358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-02-01</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>NEW YORK ENERGY FIN DEV CORP</name>
        <lei>254900PRGXZMJ912RI65</lei>
        <title>NY NYEFAC 07/01/2056</title>
        <cusip>64947PAA4</cusip>
        <identifiers>
          <isin value="US64947PAA49"/>
        </identifiers>
        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2147520.00000000</valUSD>
        <pctVal>0.884251167708</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-01</maturityDt>
          <couponKind>Variable</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="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>2026-04-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Voyageur Mutual Funds</ncom:nameOfApplicant>
      <ncom:signature>Dan Geatens</ncom:signature>
      <ncom:signerName>Dan Geatens</ncom:signerName>
      <ncom:title>Division Director - Head of US Fund Administration</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
