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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Kokomo (City of), IN (Silver Birch at KOKOMO)</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
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        <name>Cook County School District No 102 La Grange</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maricopa (County of), AZ Industrial Development Authority (Banner Health Obligated Group)</name>
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        <cusip>56682HCC1</cusip>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Maryland Health &amp; Higher Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Chicago (City of), IL (O'Hare International Airport)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Black Belt Energy Gas District</name>
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        <name>Baldwin County Industrial Development Authority</name>
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        <name>Kentucky Public Energy Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Massachusetts Building Authority</name>
        <lei>6ILE2573NPR1XO2TR556</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>California Municipal Finance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) School Finance Authority (Alliance for College-Ready Public Schools)</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Mission Economic Development Corp. (Natgasoline)</name>
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        <cusip>605156AC2</cusip>
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          <isin value="US605156AC20"/>
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        <valUSD>125078.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-10-01</maturityDt>
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          <annualizedRt>4.62500000</annualizedRt>
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        <name>Cape Coral (City of), FL</name>
        <lei>N/A</lei>
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        <cusip>139372RP3</cusip>
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          <isin value="US139372RP32"/>
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        <curCd>USD</curCd>
        <valUSD>1390205.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Philadelphia (City of), PA Housing Authority (PHADC Acquition Program)</name>
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        <cusip>71783TAK6</cusip>
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          <isin value="US71783TAK60"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1610173.95000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>North Carolina (State of) Medical Care Commission (Vidant Health)</name>
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        <cusip>65821DSM4</cusip>
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        <curCd>USD</curCd>
        <valUSD>125025.14000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois (State of)</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <cusip>452152E49</cusip>
        <identifiers>
          <isin value="US452152E498"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>297619.92000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association)</name>
        <lei>549300ZVPWQIL3N5TL85</lei>
        <title>Washington (State of) Health Care Facilities Authority (Central Washington Health Services Association), Series 2015, Ref. RB</title>
        <cusip>93978HPZ2</cusip>
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        <valUSD>225032.83000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois (State of) Toll Highway Authority</name>
        <lei>549300ISBFGI8MJJKM98</lei>
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        <cusip>452252LX5</cusip>
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        <valUSD>330245.06000000</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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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>Public Finance Authority, Series 2026, RB</title>
        <cusip>74449CAD9</cusip>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>481723.90000000</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>2040-12-05</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.55000000</annualizedRt>
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        <name>Iowa (State of) Finance Authority (Alcoa, Inc.)</name>
        <lei>549300NQVL49BTHOW391</lei>
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        <cusip>46246SAE5</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
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        <name>Guam (Territory of) Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam (Territory of) Waterworks Authority, Series 2025 A, RB</title>
        <cusip>40065FEX8</cusip>
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          <isin value="US40065FEX87"/>
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        <balance>300000.00000000</balance>
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        <valUSD>324887.13000000</valUSD>
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        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Private Colleges &amp; Universities Authority (Mercer University)</name>
        <lei>N/A</lei>
        <title>Private Colleges &amp; Universities Authority (Mercer University), Series 2015, RB</title>
        <cusip>74265LG93</cusip>
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          <isin value="US74265LG939"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-10-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Kokomo (City of), IN (Silver Birch at KOKOMO)</name>
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        <cusip>500364AA2</cusip>
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          <isin value="US500364AA23"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Ohio Air Quality Development Authority</name>
        <lei>549300DZUU80AYOR6M80</lei>
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        <cusip>677525XD4</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-30</maturityDt>
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        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association, Series 2015, RB</title>
        <cusip>45129GCN3</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Colorado Health Facilities Authority</name>
        <lei>5493002JB6DRFRZPEQ21</lei>
        <title>Colorado Health Facilities Authority, Series 2019 A, Ref. RB</title>
        <cusip>19648FJZ8</cusip>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Franklin (County of), OH</name>
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        <fairValLevel>2</fairValLevel>
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        <name>M-S-R Energy Authority</name>
        <lei>549300UEMSS1JTK5YB98</lei>
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        <cusip>55374SAH3</cusip>
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          <isin value="US55374SAH31"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-11-01</maturityDt>
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      <invstOrSec>
        <name>Willow Creek Farms Municipal Utility District</name>
        <lei>N/A</lei>
        <title>Willow Creek Farms Municipal Utility District, Series 2025, GO Bonds</title>
        <cusip>97112ARS9</cusip>
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          <isin value="US97112ARS95"/>
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        <curCd>USD</curCd>
        <valUSD>242054.15000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>New York (State of) Dormitory Authority (White Plains Hospital Obligated Group)</name>
        <lei>549300C8XO7EXTX2XU71</lei>
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        <cusip>65000B7W2</cusip>
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          <isin value="US65000B7W22"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-10-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Tarrant County Cultural Education Facilities Finance Corp.</name>
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        <cusip>87638RFP7</cusip>
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          <isin value="US87638RFP73"/>
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        <curCd>USD</curCd>
        <valUSD>500029.80000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-11-15</maturityDt>
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        <name>Wisconsin (State of) Health &amp; Educational Facilities Authority (Ascension Health Credit Group)</name>
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        <cusip>97712DQU3</cusip>
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          <isin value="US97712DQU36"/>
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        <curCd>USD</curCd>
        <valUSD>150502.43000000</valUSD>
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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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        <name>Miami-Dade (County of), FL Expressway Authority</name>
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        <cusip>59334KFW3</cusip>
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          <isin value="US59334KFW36"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hampshire (State of) Business Finance Authority</name>
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        <cusip>63607WBN3</cusip>
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          <isin value="US63607WBN39"/>
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        <curCd>USD</curCd>
        <valUSD>140950.67000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-11-20</maturityDt>
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          <annualizedRt>4.22000000</annualizedRt>
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        <name>New York (State of) Dormitory Authority (Rosewell Park Cancer Insititute)</name>
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        <cusip>64985SMW0</cusip>
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          <isin value="US64985SMW07"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Board of Regents of the University of Texas System</name>
        <lei>TEHUYFNKZR6XVWLGEU86</lei>
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        <cusip>91514APH2</cusip>
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          <isin value="US91514APH22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>California Health Facilities Financing Authority</name>
        <lei>5493007RI8BUDOGHZ546</lei>
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        <cusip>13033L4C8</cusip>
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          <isin value="US13033L4C89"/>
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        <curCd>USD</curCd>
        <valUSD>50053.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York (City of), NY Transitional Finance Authority</name>
        <lei>N/A</lei>
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        <cusip>64971X4A3</cusip>
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          <isin value="US64971X4A36"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Houston (City of), TX</name>
        <lei>N/A</lei>
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        <cusip>442349JJ6</cusip>
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          <isin value="US442349JJ61"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>Willow Creek Farms Municipal Utility District</name>
        <lei>N/A</lei>
        <title>Willow Creek Farms Municipal Utility District, Series 2025, GO Bonds</title>
        <cusip>97112ARR1</cusip>
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          <isin value="US97112ARR13"/>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
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        <cusip>837033LB3</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>North Texas Tollway Authority</name>
        <lei>PQGZGRE0F2WPMYQQ1B78</lei>
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        <cusip>66285WVZ6</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hempstead Town Local Development Corp. (Molloy College)</name>
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        <cusip>424682HZ8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Southeast Energy Authority, A Cooperative District (No. 3)</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Hilliard School District</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey (State of) Housing &amp; Mortgage Finance Agency (Social Bonds)</name>
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        <cusip>64613AJP8</cusip>
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          <isin value="US64613AJP84"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Baltimore MD</name>
        <lei>N/A</lei>
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        <cusip>05922KWH8</cusip>
        <identifiers>
          <isin value="US05922KWH84"/>
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        <curCd>USD</curCd>
        <valUSD>199197.38000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City &amp; County of Broomfield CO</name>
        <lei>N/A</lei>
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        <cusip>114749FD1</cusip>
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          <isin value="US114749FD13"/>
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        <curCd>USD</curCd>
        <valUSD>1065483.50000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Dallas Fort Worth International Airport</name>
        <lei>N/A</lei>
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        <cusip>23503CGA9</cusip>
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          <isin value="US23503CGA99"/>
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        <curCd>USD</curCd>
        <valUSD>268169.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
        <title>South Carolina Public Service Authority, Series 2016, RB</title>
        <cusip>83715BDG9</cusip>
        <identifiers>
          <isin value="US83715BDG95"/>
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        <balance>370000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>370247.16000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Bexar County Health Facilities Development Corp.</name>
        <lei>N/A</lei>
        <title>Bexar County Health Facilities Development Corp., Series 2016, Ref. RB</title>
        <cusip>088354FL4</cusip>
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          <isin value="US088354FL49"/>
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        <curCd>USD</curCd>
        <valUSD>192092.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Hennepin (County of), MN</name>
        <lei>254900YDNULMQREFAU43</lei>
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        <cusip>425507GB0</cusip>
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          <isin value="US425507GB08"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Cook County School District No 102 La Grange</name>
        <lei>N/A</lei>
        <title>Cook County School District No 102 La Grange, Series 2025, GO Bonds</title>
        <cusip>214435NM7</cusip>
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        <valUSD>383454.87000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <cusip>83715BDE4</cusip>
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          <isin value="US83715BDE48"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington (State of) Housing Finance Commission (Transforming Age)</name>
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        <cusip>939783YY6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>New York (City of), NY</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Illinois</name>
        <lei>54930048FV8RWPR02D67</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey (State of) Economic Development Authority (Port Newark Container Terminal LLC)</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Idaho Housing &amp; Finance Association</name>
        <lei>5493002WM3NYB1LQB744</lei>
        <title>Idaho Housing &amp; Finance Association, Series 2022 A, RB</title>
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        <invCountry>US</invCountry>
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        <name>Illinois (State of) Toll Highway Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>State of Oregon Department of Transportation</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Wisconsin Health &amp; Educational Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Maryland Community Development Administration</name>
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        <valUSD>493255.10000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.37500000</annualizedRt>
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        <name>City of Newark NJ</name>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <name>Arlington Higher Education Finance Corp. (Basis Texas Charter Schools, Inc.)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>South Carolina Jobs-Economic Development Authority</name>
        <lei>5493006X47I9VG3DL112</lei>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-06-15</maturityDt>
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        <name>Houston (City of), TX</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.50000000</annualizedRt>
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        <name>Tulsa Municipal Airport Trust Trustees</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Finance Authority of Maine</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Delaware State Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Park Creek Metropolitan District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Greater Orlando Aviation Authority</name>
        <lei>549300CP6PUG5S184F61</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Pennsylvania (Commonwealth of) (Municipal Real Estate Funding, LLC)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>East Central Regional Wastewater Treatment Facilities Operation Board</name>
        <lei>N/A</lei>
        <title>East Central Regional Wastewater Treatment Facilities Operation Board, Series 2017, Ref. RB</title>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Wayne County Airport Authority</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>School District of Philadelphia (The)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida (State of) North Broward Hospital District</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Southeast Energy Authority, A Cooperative District (No. 2)</name>
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          <isin value="US84136HAU77"/>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Delray Beach FL Water &amp; Sewer Revenue</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>California (State of) Pollution Control Financing Authority (San Diego County Water Authority)</name>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Greater Orlando Aviation Authority</name>
        <lei>549300CP6PUG5S184F61</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Idaho (State of) Housing &amp; Finance Association</name>
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        <cusip>45130BCH4</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>New York Transportation Development Corp. (American Airlines, Inc. John F. Kennedy International Airport)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Phoenix (City of), AZ Industrial Development Authority (The) (Great Hearts Academies)</name>
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        <cusip>71885FEH6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Palm Beach (County of), FL Health Facilities Authority (ACTS Retirement-Life Communities, Inc.)</name>
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        <cusip>69650MAV1</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Monroe County Industrial Development Corp. (Rochester General Hospital (The))</name>
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        <cusip>61075TEB0</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Louisiana (State of) Local Government Environmental Facilities &amp; Community Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Port Washington WI</name>
        <lei>N/A</lei>
        <title>City of Port Washington WI, Series 2025, GO Bonds</title>
        <cusip>735609B40</cusip>
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          <isin value="US735609B401"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Sherman Independent School District</name>
        <lei>N/A</lei>
        <title>Sherman Independent School District, Series 2025, GO Bonds</title>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Utah Housing Corp.</name>
        <lei>549300YXWQEI0S47WI02</lei>
        <title>Utah Housing Corp., Series 2025 A, RB</title>
        <cusip>917437RU1</cusip>
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          <isin value="US917437RU11"/>
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        <balance>935000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
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          <isin value="US45505MHC38"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp.</name>
        <lei>N/A</lei>
        <title>New Hope Cultural Education Facilities Finance Corp., Series 2025, Ref. RB</title>
        <cusip>64542UHX5</cusip>
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          <isin value="US64542UHX54"/>
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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>
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        <name>Baltimore (City of), MD (Water)</name>
        <lei>N/A</lei>
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        <cusip>05922KYU7</cusip>
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          <isin value="US05922KYU77"/>
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        <curCd>USD</curCd>
        <valUSD>237063.22000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>State of Connecticut Special Tax Revenue</name>
        <lei>N/A</lei>
        <title>State of Connecticut Special Tax Revenue, Series 2025, Ref. RB</title>
        <cusip>2077582A0</cusip>
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          <isin value="US2077582A08"/>
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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>2043-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&amp;D Redevelopment)</name>
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        <title>New York Transportation Development Corp. (Delta Air Lines, Inc. LaGuardia Airport Terminals C&amp;D Redevelopment), Series 2020, RB</title>
        <cusip>650116DA1</cusip>
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          <isin value="US650116DA16"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.37500000</annualizedRt>
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      <invstOrSec>
        <name>Florida Development Finance Corp.</name>
        <lei>549300HC854CNBLMWC48</lei>
        <title>Florida Development Finance Corp., Series 2025, RB</title>
        <cusip>34061XAJ1</cusip>
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          <isin value="US34061XAJ19"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.45000000</annualizedRt>
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      <invstOrSec>
        <name>Westchester Tobacco Asset Securitization Corp.</name>
        <lei>N/A</lei>
        <title>Westchester Tobacco Asset Securitization Corp., Series 2016 B, Ref. RB</title>
        <cusip>957480BR6</cusip>
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          <isin value="US957480BR65"/>
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        <curCd>USD</curCd>
        <valUSD>402366.24000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Phoenix Civic Improvement Corp. (Green Bonds)</name>
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        <title>Phoenix Civic Improvement Corp. (Green Bonds), Series 2020, RB</title>
        <cusip>71883RQP1</cusip>
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          <isin value="US71883RQP19"/>
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        <balance>150000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>County of Okaloosa FL</name>
        <lei>N/A</lei>
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        <cusip>678226AA9</cusip>
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          <isin value="US678226AA90"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Puerto Rico (Commonwealth of)</name>
        <lei>549300X44HXPLJU48U63</lei>
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        <cusip>74514L3N5</cusip>
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          <isin value="US74514L3N58"/>
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        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Louisiana (State of) Local Government Environmental Facilities &amp; Community Development Authority (Green Bonds)</name>
        <lei>5493004WIZ1HV87IVF85</lei>
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        <cusip>54628CGB2</cusip>
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          <isin value="US54628CGB28"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.37500000</annualizedRt>
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        <name>Black Belt Energy Gas District</name>
        <lei>549300I8V0Z68JQCB679</lei>
        <title>Black Belt Energy Gas District, Series 2026, RB</title>
        <cusip>09182TKW6</cusip>
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          <isin value="US09182TKW61"/>
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        <valUSD>1032819.00000000</valUSD>
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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>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2015 A, Ref. RB</title>
        <cusip>888809BE9</cusip>
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          <isin value="US888809BE95"/>
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        <valUSD>80015.02000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Hampshire (State of) Health and Education Facilities Authority (Elliot Hospital)</name>
        <lei>549300CNCK7OT82W5653</lei>
        <title>New Hampshire (State of) Health and Education Facilities Authority (Elliot Hospital), Series 2016, Ref. RB</title>
        <cusip>6446148D4</cusip>
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          <isin value="US6446148D47"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Savannah Georgia Convention Center Authority</name>
        <lei>N/A</lei>
        <title>Savannah Georgia Convention Center Authority, Series 2025, RB</title>
        <cusip>804828AN1</cusip>
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          <isin value="US804828AN16"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>St. James (Parish of), LA (Nustar Logistics, L.P.)</name>
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        <title>St. James (Parish of), LA (Nustar Logistics, L.P.), Series 2010 2, RB</title>
        <cusip>790103AV7</cusip>
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          <isin value="US790103AV70"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
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        <name>Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation)</name>
        <lei>549300UZSVMFXJK08K70</lei>
        <title>Massachusetts (Commonwealth of) Development Finance Agency (Seven Hills Foundation), Series 2025, Ref. RB</title>
        <cusip>57585BMB1</cusip>
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          <isin value="US57585BMB17"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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        <name>La Paz (County of), AZ Industrial Development Authority (Charter School Solutions- Harmony Public Schools)</name>
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        <cusip>50376FAR8</cusip>
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          <isin value="US50376FAR82"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Lee's Summit (City of), MO Industrial Development Authority (John Knox Village Obligated Group)</name>
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        <cusip>524292BK4</cusip>
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          <isin value="US524292BK43"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Alaska Housing Finance Corp.</name>
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        <cusip>011839X69</cusip>
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          <isin value="US011839X692"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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        <name>Aquarion Water Authority</name>
        <lei>N/A</lei>
        <title>Aquarion Water Authority, Series 2026, RB</title>
        <cusip>03843TAR2</cusip>
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          <isin value="US03843TAR23"/>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-08-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>Sparks Tourism Improvement District No 1</name>
        <lei>N/A</lei>
        <title>Sparks Tourism Improvement District No 1, Series 2025, RB</title>
        <cusip>846562AF3</cusip>
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          <isin value="US846562AF33"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Chicago Midway International Airport</name>
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          <isin value="US167562VQ77"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)</name>
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          <isin value="US6459182D47"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Raindance Metropolitan District No. 2</name>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) Community Choice Financing Authority (Green Bonds)</name>
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        <cusip>13013JCM6</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Missouri (State of) Health &amp; Educational Facilities Authority (St. Louis University)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>University of Virginia</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Orleans Aviation Board</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Florida Municipal Power Agency</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Knoxville Industrial Development Board</name>
        <lei>N/A</lei>
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        <cusip>499790AA1</cusip>
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          <isin value="US499790AA14"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.25000000</annualizedRt>
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        <name>South Jersey Port Corp.</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Washington Health Care Facilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Hope Cultural Education Facilities Finance Corp. (Children Health System of Taxes)</name>
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        <cusip>645424BE1</cusip>
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          <isin value="US645424BE11"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Bellalago Educational Facilities Benefit District</name>
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          <isin value="US078302AT32"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>4.50000000</annualizedRt>
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        <name>Glendale Industrial Development Authority</name>
        <lei>N/A</lei>
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        <cusip>378286LY2</cusip>
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          <isin value="US378286LY28"/>
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        <curCd>USD</curCd>
        <valUSD>528993.80000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.)</name>
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        <title>California (State of) County Tobacco Securitization Agency (Los Angeles County Securitization Corp.), Series 2020 A, Ref. RB</title>
        <cusip>13016NEZ3</cusip>
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          <isin value="US13016NEZ33"/>
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        <curCd>USD</curCd>
        <valUSD>177308.74000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2049-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Washington State Housing Finance Commission</name>
        <lei>549300YL1HU59NREG764</lei>
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        <cusip>939783Z25</cusip>
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          <isin value="US939783Z258"/>
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        <valUSD>992307.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.87500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
        <lei>549300ZOQJ5U8YBS5Q35</lei>
        <title>Connecticut State Health &amp; Educational Facilities Authority, Series 2026, RB</title>
        <cusip>20775DX23</cusip>
        <identifiers>
          <isin value="US20775DX231"/>
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        <balance>1255000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1318048.94000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>West Virginia (State of) Economic Development Authority  (Commercial Metals Co.)</name>
        <lei>549300WW88TKKF5H1220</lei>
        <title>West Virginia (State of) Economic Development Authority  (Commercial Metals Co.), Series 2025, RB</title>
        <cusip>95648VBV0</cusip>
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          <isin value="US95648VBV09"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1020451.10000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.62500000</annualizedRt>
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      <invstOrSec>
        <name>City of Leander TX</name>
        <lei>N/A</lei>
        <title>City of Leander TX, Series 2025, GO Bonds</title>
        <cusip>521838Z88</cusip>
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          <isin value="US521838Z882"/>
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        <balance>500000.00000000</balance>
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        <valUSD>545426.85000000</valUSD>
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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>State of Hawaii Department of Budget &amp; Finance</name>
        <lei>N/A</lei>
        <title>State of Hawaii Department of Budget &amp; Finance, Series 2015, Ref. RB</title>
        <cusip>419800LT2</cusip>
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          <isin value="US419800LT24"/>
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        <balance>230000.00000000</balance>
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        <valUSD>222482.84000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New York Liberty Development Corp. (Goldman Sachs Headquarters)</name>
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        <cusip>531127AC2</cusip>
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          <isin value="US531127AC24"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>City of Whiting IN</name>
        <lei>N/A</lei>
        <title>City of Whiting IN, Series 2019, RB</title>
        <cusip>96634RBB7</cusip>
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          <isin value="US96634RBB78"/>
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        <balance>500000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-06-10</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Montgomery County Municipal Utility District No 95</name>
        <lei>N/A</lei>
        <title>Montgomery County Municipal Utility District No 95, Series 2017, GO Bonds</title>
        <cusip>61370NEX7</cusip>
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          <isin value="US61370NEX75"/>
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        <balance>380000.00000000</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>2037-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>6459182A0</cusip>
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          <isin value="US6459182A08"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>Silicon Valley Tobacco Securitization Authority (Santa Clara)</name>
        <lei>N/A</lei>
        <title>Silicon Valley Tobacco Securitization Authority (Santa Clara), Series 2007 A, RB</title>
        <cusip>82706TAA9</cusip>
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          <isin value="US82706TAA97"/>
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        <balance>220000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-06-01</maturityDt>
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          <annualizedRt>0.00000000</annualizedRt>
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        <name>Charlotte (County of), FL Industrial Development Authority (Town &amp; Country Utilities)</name>
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        <title>Charlotte (County of), FL Industrial Development Authority (Town &amp; Country Utilities), Series 2025, RB</title>
        <cusip>16080TAJ4</cusip>
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          <isin value="US16080TAJ43"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.12500000</annualizedRt>
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        <name>Baldwin County Industrial Development Authority</name>
        <lei>N/A</lei>
        <title>Baldwin County Industrial Development Authority, Series 2026, RB</title>
        <cusip>05786PAC7</cusip>
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          <isin value="US05786PAC77"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.30000000</annualizedRt>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Tulsa Municipal Airport Trust Trustees</name>
        <lei>N/A</lei>
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          <isin value="US899661EM05"/>
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        <fairValLevel>2</fairValLevel>
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        <name>American Municipal Power Inc.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port of Seattle WA</name>
        <lei>549300T9UCDUJ3GZL429</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>Lansing Board of Water &amp; Light</name>
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        <cusip>516391FP9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Capital Trust Authority</name>
        <lei>N/A</lei>
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          <isin value="US14055AAH59"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Southeast Energy Authority, A Cooperative District No. 1</name>
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        <cusip>84136FAH0</cusip>
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          <isin value="US84136FAH01"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Build NYC Resource Corp. (East Harlem Scholars Academy Charter School) (Social Bonds)</name>
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        <cusip>12008ETH9</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>California (State of) School Finance Authority (KIPP LA)</name>
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        <cusip>13059TEV7</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Illinois (State of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Austin TX</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Grand River Hospital District</name>
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        <fairValLevel>2</fairValLevel>
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        <name>District of Columbia Tobacco Settlement Financing Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>City of Joliet IL Waterworks &amp; Sewerage Revenue</name>
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    <signature>
      <ncom:dateSigned>2026-08-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Invesco Actively Managed Exchange-Traded Fund Trust</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
