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        <name>New York St Transprtn Dev Corp Spl Fac Revenue</name>
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        <debtSec>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Clark Cnty Nv Wtr Reclamation Dist</name>
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          <maturityDt>2049-07-01</maturityDt>
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        <name>Public Fin Auth Wi Toll Revenue</name>
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          <maturityDt>2065-12-31</maturityDt>
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        <name>Puerto Rico Cmwlth</name>
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          <maturityDt>2035-07-01</maturityDt>
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        <name>Puerto Rico Cmwlth Aqueduct &amp;swr Auth Revenue</name>
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        <name>Puerto Rico Sales Tax Fing Corp Sales Tax Revenue</name>
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        <name>Rockford Mi Public Sch Dist</name>
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        <name>Savannah Georgia Convention Ctr Auth Ga Convention Ctr Hotel</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035AE64</cusip>
        <identifiers>
          <isin value="US88035AE649"/>
        </identifiers>
        <balance>-3750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3750000.00000000</valUSD>
        <pctVal>-3.96436837586</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.48000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035AV73</cusip>
        <identifiers>
          <isin value="US88035AV734"/>
        </identifiers>
        <balance>-3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3200000.00000000</valUSD>
        <pctVal>-3.38292768073</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.48000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035D3X1</cusip>
        <identifiers>
          <isin value="US88035D3X12"/>
        </identifiers>
        <balance>-1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1600000.00000000</valUSD>
        <pctVal>-1.69146384036</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.45000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DSM8</cusip>
        <identifiers>
          <isin value="US88035DSM82"/>
        </identifiers>
        <balance>-4000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-4000000.00000000</valUSD>
        <pctVal>-4.22865960092</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.57000000</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>Tender Option Bond Trust Receipts / Ctfs</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035DZH1</cusip>
        <identifiers>
          <isin value="US88035DZH15"/>
        </identifiers>
        <balance>-1650000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1650000.00000000</valUSD>
        <pctVal>-1.74432208537</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-03-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.45000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035EBS1</cusip>
        <identifiers>
          <isin value="US88035EBS19"/>
        </identifiers>
        <balance>-2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2000000.00000000</valUSD>
        <pctVal>-2.11432980046</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.54000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GF60</cusip>
        <identifiers>
          <isin value="US88035GF601"/>
        </identifiers>
        <balance>-3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3600000.00000000</valUSD>
        <pctVal>-3.80579364082</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.47000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GGN2</cusip>
        <identifiers>
          <isin value="US88035GGN25"/>
        </identifiers>
        <balance>-1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1600000.00000000</valUSD>
        <pctVal>-1.69146384036</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.75000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GMW5</cusip>
        <identifiers>
          <isin value="US88035GMW59"/>
        </identifiers>
        <balance>-2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2250000.00000000</valUSD>
        <pctVal>-2.37862102551</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-11-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.45000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GR59</cusip>
        <identifiers>
          <isin value="US88035GR598"/>
        </identifiers>
        <balance>-3600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3600000.00000000</valUSD>
        <pctVal>-3.80579364082</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.54000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GUV8</cusip>
        <identifiers>
          <isin value="US88035GUV84"/>
        </identifiers>
        <balance>-1875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1875000.00000000</valUSD>
        <pctVal>-1.98218418793</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.45000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GXN3</cusip>
        <identifiers>
          <isin value="US88035GXN32"/>
        </identifiers>
        <balance>-3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3200000.00000000</valUSD>
        <pctVal>-3.38292768073</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.42000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035GZY7</cusip>
        <identifiers>
          <isin value="US88035GZY78"/>
        </identifiers>
        <balance>-2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2000000.00000000</valUSD>
        <pctVal>-2.11432980046</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.44000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035HPY6</cusip>
        <identifiers>
          <isin value="US88035HPY61"/>
        </identifiers>
        <balance>-3000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-3000000.00000000</valUSD>
        <pctVal>-3.17149470069</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.59000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035MBX2</cusip>
        <identifiers>
          <isin value="US88035MBX20"/>
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        <balance>-1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-1600000.00000000</valUSD>
        <pctVal>-1.69146384036</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.60000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035MLB9</cusip>
        <identifiers>
          <isin value="US88035MLB99"/>
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        <balance>-2250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2250000.00000000</valUSD>
        <pctVal>-2.37862102551</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.45000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035R7M0</cusip>
        <identifiers>
          <isin value="US88035R7M03"/>
        </identifiers>
        <balance>-2400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-2400000.00000000</valUSD>
        <pctVal>-2.53719576055</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-07-15</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.45000000</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>Tender Option Bond Trust Receipts / Ctfs Various States</name>
        <lei>N/A</lei>
        <title>Tender Option Bond Trust Receipts/Certificates</title>
        <cusip>88035RQQ0</cusip>
        <identifiers>
          <isin value="US88035RQQ01"/>
        </identifiers>
        <balance>-5600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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      <invstOrSec>
        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Tender Option Bond Trust Receipts / Ctfs Various States</name>
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        <name>Triborough Ny Bridge &amp; Tunnel Auth Revenues</name>
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          <maturityDt>2049-11-15</maturityDt>
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        <name>Virginia Small Business Fing Auth Priv Activity Revenue Sr</name>
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        <name>Washington Dc Met Area Transit Auth Dedicated Revenue</name>
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        <name>Alliancebernstein National Municipal Income Fund Inc</name>
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        <name>Blackrock Taxable Municipal Bond Trust</name>
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        <name>Blackrock Municipal 2030 Target Term Trust</name>
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        <name>New York St Dorm Auth Revenues Non St Supported Debt</name>
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        <name>Mfs High Yield Municipal Trust</name>
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        <name>Bny Mellon Municipal Bond Infrastructure Fund Inc</name>
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        <name>Bny Mellon Strategic Municipal Bond Fund Inc</name>
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        <name>San Francisco Ca City &amp;cnty Arpts Commn Intl Arpt Rev</name>
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        <name>Eaton Vance Municipal Bond Fund</name>
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        <name>Invesco Quality Municipal Income Trust</name>
        <lei>WLEGDSEH0E242WVNUY02</lei>
        <title>Invesco Quality Municipal Income Trust</title>
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        <name>Bny Mellon Strategic Municipals Inc</name>
        <lei>549300FH0LKMOBY7N332</lei>
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        <name>Blackrock Liquidity Funds Municash</name>
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      <invstOrSec>
        <name>Mfs Municipal Income Trust</name>
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      <invstOrSec>
        <name>Blackrock Muniholdings Fund Inc</name>
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      <invstOrSec>
        <name>Western Asset Managed Municipals Fund Inc</name>
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        <name>Blackrock Muniyield Quality Fund Inc</name>
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      <invstOrSec>
        <name>Blackrock Muniassets Fund Inc</name>
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        <name>Ishares National Muni Bond Etf</name>
        <lei>549300H21FUYFQW9N157</lei>
        <title>iShares National Muni Bond ETF</title>
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      <invstOrSec>
        <name>Blackrock Muniholdings California Quality Fund Inc</name>
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        <title>BlackRock MuniHoldings California Quality Fund, Inc.</title>
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          <isin value="US09254L1070"/>
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        <name>Blackrock Muniyield Quality Fund Iii Inc</name>
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        <name>Blackrock Muniyield New York Quality Fund Inc</name>
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        <title>BlackRock MuniYield New York Quality Fund, Inc.</title>
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          <isin value="US09255E1029"/>
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        <name>Neuberger Municipal Fund Inc</name>
        <lei>549300IIZWX8QVUHXO20</lei>
        <title>Neuberger Municipal Fund, Inc.</title>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Nuveen Pennsylvania Quality Municipal Income Fund</name>
        <lei>5493000C1CS4Q000GF67</lei>
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          <isin value="US6709721087"/>
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        <name>Nuveen New York Amt-free Quality Municipal Income Fund</name>
        <lei>549300V4X2BF3UXSCQ58</lei>
        <title>Nuveen New York AMT-Free Quality Municipal Income Fund</title>
        <cusip>670656107</cusip>
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        <name>Pimco California Municipal Income Fund</name>
        <lei>M4DHYCROG6SFNO22X437</lei>
        <title>PIMCO California Municipal Income Fund</title>
        <cusip>72200N106</cusip>
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        <name>Pimco Municipal Income Fund Ii</name>
        <lei>ZVT714KPY3QTZWRT1S41</lei>
        <title>PIMCO Municipal Income Fund II</title>
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        <name>Putnam Managed Municipal Income Trust</name>
        <lei>549300MCDIUT86HMWI73</lei>
        <title>Putnam Managed Municipal Income Trust</title>
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        <name>Putnam Municipal Opportunities Trust</name>
        <lei>549300M74BR4G95PSL96</lei>
        <title>Putnam Municipal Opportunities Trust</title>
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        <balance>60269.00000000</balance>
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        <name>Pimco New York Municipal Income Fund Ii</name>
        <lei>P1IBOVZHA4PI2PLT9Q65</lei>
        <title>PIMCO New York Municipal Income Fund II</title>
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        <name>Western Asset Intermediate Muni Fund</name>
        <lei>5493000MG5MROBD48K57</lei>
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        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US 10Yr Note Future</title>
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        <name>Chicago Board of Trade</name>
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        <name>Abrdn National Municipal Income Fund</name>
        <lei>NIC7ULNUGCUI836YP119</lei>
        <title>abrdn National Municipal Income Fund</title>
        <cusip>24610T108</cusip>
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          <isin value="US24610T1088"/>
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      <invstOrSec>
        <name>Invesco Advantage Municipal Income Trust Ii</name>
        <lei>DA89O2CSN0WUDR74HM71</lei>
        <title>Invesco Advantage Municipal Income Trust II</title>
        <cusip>46132E103</cusip>
        <identifiers>
          <isin value="US46132E1038"/>
        </identifiers>
        <balance>553.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4788.98000000</valUSD>
        <pctVal>0.005062741563</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Municipal Trust</name>
        <lei>GKS5Y4B1VKHV66WSPK53</lei>
        <title>Invesco Municipal Trust</title>
        <cusip>46131J103</cusip>
        <identifiers>
          <isin value="US46131J1034"/>
        </identifiers>
        <balance>261216.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2486776.32000000</valUSD>
        <pctVal>2.628932640227</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Invesco Municipal Opportunity Trust</name>
        <lei>WERC5RXCUSU16MOTZ848</lei>
        <title>Invesco Municipal Opportunity Trust</title>
        <cusip>46132C107</cusip>
        <identifiers>
          <isin value="US46132C1071"/>
        </identifiers>
        <balance>305366.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2904030.66000000</valUSD>
        <pctVal>3.070039282944</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-04-30</ncom:dateSigned>
      <ncom:nameOfApplicant>RiverNorth Flexible Municipal Income Fund Inc.</ncom:nameOfApplicant>
      <ncom:signature>Jonathan M. Mohrhardt</ncom:signature>
      <ncom:signerName>Jonathan M. Mohrhardt</ncom:signerName>
      <ncom:title>Treasurer &amp; Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
