<SEC-DOCUMENT>0001752724-20-063721.txt : 20200327
<SEC-HEADER>0001752724-20-063721.hdr.sgml : 20200327
<ACCEPTANCE-DATETIME>20200327145747
ACCESSION NUMBER:		0001752724-20-063721
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200131
FILED AS OF DATE:		20200327
PERIOD START:           	20200731

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BlackRock Taxable Municipal Bond Trust
		CENTRAL INDEX KEY:			0001493683
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22426
		FILM NUMBER:		20751017

	BUSINESS ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809
		BUSINESS PHONE:		800-441-7762

	MAIL ADDRESS:	
		STREET 1:		100 BELLEVUE PARKWAY
		CITY:			WILMINGTON
		STATE:			DE
		ZIP:			19809

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BlackRock Build America Bond Trust
		DATE OF NAME CHANGE:	20100608
</SEC-HEADER>
<DOCUMENT>
<TYPE>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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      <regFileNumber>811-22426</regFileNumber>
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      <repPdEnd>2020-07-31</repPdEnd>
      <repPdDate>2020-01-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>844779298.64</totLiabs>
      <netAssets>1462984937.36</netAssets>
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        <name>Westvaco Corp</name>
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        <name>OCHSNER CLINIC FOUNDATIO</name>
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        <name>Memphis-Shelby County Industrial Development Board</name>
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        <name>Public Finance Authority</name>
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        <name>RENSSELAER POLYTECHNIC I</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>BARCLAYS BANK PLC</name>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
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        <name>City of Sunrise FL Utility System Revenue</name>
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        <name>Alameda County Joint Powers Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <name>San Diego County Regional Airport Authority</name>
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        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
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          <maturityDt>2044-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Village Center Community Development District</name>
        <lei>N/A</lei>
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          <isin value="US92706NDD21"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-01</maturityDt>
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          <annualizedRt>5.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>State of California</name>
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          <maturityDt>2040-03-01</maturityDt>
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      <invstOrSec>
        <name>Riverside Community College District</name>
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        <valUSD>11283470.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.02000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
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          <isin value="US592643AA80"/>
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        <curCd>USD</curCd>
        <valUSD>15467978.55000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.46000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Regional Transportation District</name>
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          <isin value="US75913TGJ79"/>
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        <curCd>USD</curCd>
        <valUSD>35828250.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.67000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>County of Sonoma CA</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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          <annualizedRt>6.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Economic Development Authority</name>
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        <valUSD>6492331.85000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.43000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Chicago Board of Trade</name>
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          <other otherDesc="BlackRock Identifier" value="TYH020203"/>
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        <name>City of San Francisco CA Public Utilities Commission Water Revenue</name>
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        <cusip>79765RTK5</cusip>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>6.00000000</annualizedRt>
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        <name>Rancho Water District Financing Authority</name>
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        <title>RANCHO CA WTR DIST FING AUTH</title>
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          <isin value="US752111MF84"/>
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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>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.34000000</annualizedRt>
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        <name>Miami-Dade County Educational Facilities Authority</name>
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        <name>Town of Davie FL Water &amp; Sewer Revenue</name>
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        <name>Washington Convention &amp; Sports Authority</name>
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        <name>Southern Minnesota Municipal Power Agency</name>
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        <name>State of California</name>
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        <name>University of Missouri</name>
        <lei>G0G4PRB87K0V5MXIV248</lei>
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        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
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        <name>New York City Water &amp; Sewer System</name>
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        <issuerCat>MUN</issuerCat>
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      <invstOrSec>
        <name>Massachusetts Housing Finance Agency</name>
        <lei>549300NLJBK1VP6K2K81</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-12-01</maturityDt>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2041-06-15</maturityDt>
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      <invstOrSec>
        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Chicago O'Hare International Airport</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <cusip>167593AM4</cusip>
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          <isin value="US167593AM46"/>
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        <curCd>USD</curCd>
        <valUSD>30234354.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Salt River Project Agricultural Improvement &amp; Power District</name>
        <lei>SHB8HO6GKXJ83RX5OV39</lei>
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        <cusip>79575DE63</cusip>
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          <isin value="US79575DE631"/>
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        <balance>24545000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32169904.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.84000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
        <lei>549300S8NXV6YU61GG95</lei>
        <title>LOS ANGELES CA DEPT WTR &amp; PWR REVENUE</title>
        <cusip>544495UH5</cusip>
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          <isin value="US544495UH55"/>
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        <balance>37500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38140125.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.17000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>MUFG SECURITIES AMERICAS INC</name>
        <lei>K5HU16E3LMSVCCJJJ255</lei>
        <title>S0AZ15 RRP SAN ANTONIO TEX CUS RRP MBTB OPEN</title>
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          <other otherDesc="BlackRock Identifier" value="BRTS0AZ15"/>
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        <balance>-7525500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-7525500.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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              <counterpartyInfo lei="K5HU16E3LMSVCCJJJ255" name="MUFG SECURITIES AMERICAS INC"/>
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            <repurchaseCollateral>
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              <invstCatConditional desc="Municipal Bond" invstCat="Other instrument"/>
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        <name>Port Authority of New York &amp; New Jersey</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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          <isin value="US73358WXQ22"/>
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        <curCd>USD</curCd>
        <valUSD>20075570.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2065-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.81000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <invstOrSec>
        <name>Indiana Finance Authority</name>
        <lei>549300PS0PAS7NDSSI20</lei>
        <title>INDIANA ST FIN AUTH REVENUE</title>
        <cusip>455057SV2</cusip>
        <identifiers>
          <isin value="US455057SV27"/>
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        <balance>7900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>12082971.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.60000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Michigan State University</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST UNIV REVENUES</title>
        <cusip>594712UF6</cusip>
        <identifiers>
          <isin value="US594712UF67"/>
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        <balance>14575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16524552.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NEW JERSEY ST TRANSPRTN TRUST FUND AUTH</title>
        <cusip>646136XT3</cusip>
        <identifiers>
          <isin value="US646136XT31"/>
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        <balance>45900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>47590038.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
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        <name>COMMONSPIRIT HEALTH</name>
        <lei>4SXHN5XW08IBO0UG2V58</lei>
        <title>CommonSpirit Health</title>
        <cusip>20268JAB9</cusip>
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          <isin value="US20268JAB98"/>
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        <balance>433000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>449936.30000000</valUSD>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>University of Hawaii</name>
        <lei>N/A</lei>
        <title>UNIV OF HAWAII HI REVENUE</title>
        <cusip>91428LFT8</cusip>
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          <isin value="US91428LFT89"/>
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        <balance>30500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>31311605.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2040-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.03000000</annualizedRt>
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        <name>Chicago Transit Authority</name>
        <lei>549300CB8XLRGIPN3E12</lei>
        <title>CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE</title>
        <cusip>16772PAQ9</cusip>
        <identifiers>
          <isin value="US16772PAQ90"/>
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        <balance>16015000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21523199.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
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        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>NEW JERSEY ST TURNPIKE AUTH</title>
        <cusip>646139W35</cusip>
        <identifiers>
          <isin value="US646139W353"/>
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        <balance>6790000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11267665.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.41000000</annualizedRt>
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        <name>Oklahoma Municipal Power Authority</name>
        <lei>54930074Q1M8747DCS20</lei>
        <title>OKLAHOMA ST MUNI PWR AUTH</title>
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        <balance>3500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4971925.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.44000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Nassau County Tobacco Settlement Corp</name>
        <lei>N/A</lei>
        <title>NASSAU CNTY NY TOBACCO SETTLEMENT CORP</title>
        <cusip>63166MBX6</cusip>
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          <isin value="US63166MBX65"/>
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        <balance>9230558.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>9262034.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2021-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.83000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>CMWLTH FING AUTH PA</title>
        <cusip>20281PKT8</cusip>
        <identifiers>
          <isin value="US20281PKT83"/>
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        <balance>2210000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2496747.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.86000000</annualizedRt>
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          <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>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE</title>
        <cusip>74529JRH0</cusip>
        <identifiers>
          <isin value="US74529JRH04"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5428500.00000000</valUSD>
        <pctVal>0.371056451872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.33000000</annualizedRt>
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          <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>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US LONG BOND(CBT) MAR20 XCBT 20200320</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="BlackRock Identifier" value="USH020204"/>
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        <balance>-1795.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8036832.08000000</valUSD>
        <pctVal>-0.54934482746</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DIR</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>Chicago Board of Trade</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <indexBasketInfo>
                <indexName>US Treasury Long Bond</indexName>
                <indexIdentifier>USH0 Comdty</indexIdentifier>
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            <notionalAmt>-285501761.67</notionalAmt>
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            <unrealizedAppr>-8036832.08</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MUFG SECURITIES AMERICAS INC</name>
        <lei>K5HU16E3LMSVCCJJJ255</lei>
        <title>S0AZF4 RRP UTAH TRAN AUTH SALE RRP MBTB OPEN</title>
        <cusip>000000000</cusip>
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          <other otherDesc="BlackRock Identifier" value="BRTS0AZF4"/>
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        <curCd>USD</curCd>
        <valUSD>-29380000.00000000</valUSD>
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        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <cusip>646139X83</cusip>
        <identifiers>
          <isin value="US646139X831"/>
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        <balance>34000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54717560.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.10000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH LEASE REVENUE</title>
        <cusip>645913AA2</cusip>
        <identifiers>
          <isin value="US645913AA22"/>
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        <balance>20974000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>27227188.36000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.43000000</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>
        <name>New York City Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY MUNI WTR FINAUTH WTR &amp; SWR SYS REVENUE</title>
        <cusip>64972GVZ4</cusip>
        <identifiers>
          <isin value="US64972GVZ44"/>
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        <balance>530000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>538612.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12000000</annualizedRt>
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          <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>
        <name>Katy Independent School District</name>
        <lei>N/A</lei>
        <title>KATY TX INDEP SCH DIST</title>
        <cusip>486063MH0</cusip>
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          <isin value="US486063MH02"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5006800.00000000</valUSD>
        <pctVal>0.342231821541</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Michigan State University</name>
        <lei>N/A</lei>
        <title>MICHIGAN ST UNIV REVENUES</title>
        <cusip>594712PP0</cusip>
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          <isin value="US594712PP05"/>
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        <balance>5500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7104515.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.17000000</annualizedRt>
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      <invstOrSec>
        <name>North Texas Municipal Water District Water System Revenue</name>
        <lei>N/A</lei>
        <title>N TEXAS ST MUNI WTR DIST WTR SYS REVENUE</title>
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        <identifiers>
          <isin value="US662903MH36"/>
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        <balance>10000000.00000000</balance>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.01000000</annualizedRt>
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      <invstOrSec>
        <name>WEST VA HEALTH SYS OBL</name>
        <lei>N/A</lei>
        <title>West Virginia United Health System Obligated Group</title>
        <cusip>956708AA9</cusip>
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          <isin value="US956708AA97"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25450662.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
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          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>BAPTIST HEALTH OBL GRP</name>
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        <title>Baptist Health Obligated Group</title>
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          <isin value="US06684NAL38"/>
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        <curCd>USD</curCd>
        <valUSD>16494188.80000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.10000000</annualizedRt>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI REVENUE</title>
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          <isin value="US74442PMV49"/>
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        <curCd>USD</curCd>
        <valUSD>1441437.90000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2049-10-01</maturityDt>
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          <annualizedRt>6.13000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>San Diego County Regional Airport Authority</name>
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        <title>SAN DIEGO CNTY CA REGL ARPT AUTH</title>
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          <isin value="US79739GBD79"/>
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        <balance>32100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>32746173.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.63000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
        <lei>N/A</lei>
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        <balance>18075000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17885031.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.35000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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        <name>Municipal Electric Authority of Georgia</name>
        <lei>JA0WNILDDF2KUPS83B16</lei>
        <title>MUNI ELEC AUTH OF GEORGIA</title>
        <cusip>626207YS7</cusip>
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        <balance>9945000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14192012.25000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
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        <name>City of Chicago IL Wastewater Transmission Revenue</name>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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      <invstOrSec>
        <name>Palomar Community College District</name>
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      <invstOrSec>
        <name>Western Minnesota Municipal Power Agency</name>
        <lei>N/A</lei>
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        <name>Norman Y Mineta San Jose International Airport SJC</name>
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        <valUSD>10492000.00000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>BARCLAYS BANK PLC</name>
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          <transCat>Reverse repurchase</transCat>
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      <invstOrSec>
        <name>RBC CAPITAL MARKETS LLC</name>
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          <transCat>Reverse repurchase</transCat>
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        <name>Chicago Transit Authority</name>
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        <name>University of California</name>
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        <name>Missouri Joint Municipal Electric Utility Commission</name>
        <lei>N/A</lei>
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        <name>American Municipal Power Inc</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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        <name>New York City Water &amp; Sewer System</name>
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        <title>NEW YORK CITY NY MUNI WTR FIN AUTH WTR &amp; SWR SYS REVENUE</title>
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        <name>City of Austin TX</name>
        <lei>IW10PQVTU7HKS3JMW253</lei>
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        <name>Port Beaumont Navigation District</name>
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        <title>PORT BEAUMONT TX NAV DIST FAC REVENUE</title>
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        <name>Metropolitan Water District of Southern California</name>
        <lei>5493003GD0S0P56RLT45</lei>
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      <invstOrSec>
        <name>American Municipal Power Inc</name>
        <lei>EARKGGZJJEMVD66XQ486</lei>
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        <invCountry>US</invCountry>
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        <name>Wesleyan University</name>
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        <name>Indiana Municipal Power Agency</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>State of California</name>
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          <maturityDt>2040-11-01</maturityDt>
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          <annualizedRt>7.60000000</annualizedRt>
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        <name>BARCLAYS BANK PLC</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Commonwealth of Massachusetts Transportation Fund Revenue</name>
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        <name>Connecticut State Health &amp; Educational Facilities Authority</name>
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        <name>City of San Antonio TX Customer Facility Charge Revenue</name>
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        <name>Metropolitan Transportation Authority</name>
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        <name>Dallas Area Rapid Transit</name>
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        <name>Puerto Rico Commonwealth Aqueduct &amp; Sewer Authority</name>
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        <name>RBC CAPITAL MARKETS LLC</name>
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        <name>Chicago Board of Education</name>
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        <name>Los Angeles Community College District/CA</name>
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        <name>University of California</name>
        <lei>N/A</lei>
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        <name>BlackRock Liquidity Funds</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Utah Transit Authority</name>
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        <name>Michigan Tobacco Settlement Finance Authority</name>
        <lei>54930022O46HOX5J1D14</lei>
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          <maturityDt>2034-06-01</maturityDt>
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        <name>Camden County Improvement Authority/The</name>
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          <maturityDt>2034-07-01</maturityDt>
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        <name>Excelsior Academies Inc</name>
        <lei>N/A</lei>
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        <valUSD>652032.00000000</valUSD>
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        <name>BARCLAYS BANK PLC</name>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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      <invstOrSec>
        <name>California State Public Works Board</name>
        <lei>N/A</lei>
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        <name>Bay Area Toll Authority</name>
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        <valUSD>3306259.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Tobacco Settlement Finance Authority</name>
        <lei>N/A</lei>
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        <name>Orange County Local Transportation Authority</name>
        <lei>N/A</lei>
        <title>ORANGE CNTY CA LOCAL TRANSPRTN AUTH SALES TAX REVENUE</title>
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        <name>Mariemont City School District</name>
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        <name>PEACEHEALTH OBLIGATED GR</name>
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        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
        <title>WEFXD6 RRP ALAMEDA CNTY CALIF RRP BARBK OPEN</title>
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        <issuerCat>CORP</issuerCat>
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      <invstOrSec>
        <name>New York State Dormitory Authority</name>
        <lei>549300C8XO7EXTX2XU71</lei>
        <title>NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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      </invstOrSec>
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        <name>Northern Illinois Municipal Power Agency</name>
        <lei>VWCV6ROJUT9NS55JU583</lei>
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        <cusip>665250BY1</cusip>
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          <isin value="US665250BY14"/>
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        <curCd>USD</curCd>
        <valUSD>7641350.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.82000000</annualizedRt>
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      <invstOrSec>
        <name>Chicago Board of Education</name>
        <lei>54930099NR6T9V7LVB43</lei>
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        <cusip>167505NG7</cusip>
        <identifiers>
          <isin value="US167505NG79"/>
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        <balance>9465000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11081716.65000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.32000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Illinois Municipal Electric Agency</name>
        <lei>N/A</lei>
        <title>ILLINOIS ST MUNI ELEC AGY PWR SPLY</title>
        <cusip>452024HH8</cusip>
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          <isin value="US452024HH82"/>
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        <balance>15000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20669250.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.29000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Commonwealth Financing Authority</name>
        <lei>N/A</lei>
        <title>CMWLTH FING AUTH PA</title>
        <cusip>20281PKW1</cusip>
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          <isin value="US20281PKW13"/>
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        <balance>4920000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5704592.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.81000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>549300Q2EHQ6RJPQKP05</lei>
        <title>NEW YORK CITY NY MUNI WTR FIN AUTH WTR &amp; SWR SYS REVENUE</title>
        <cusip>64972FY26</cusip>
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          <isin value="US64972FY267"/>
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        <balance>20000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20775200.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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      <invstOrSec>
        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <transCat>Reverse repurchase</transCat>
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      <invstOrSec>
        <name>Rancho Water District Financing Authority</name>
        <lei>N/A</lei>
        <title>RANCHO CA WTR DIST FING AUTH</title>
        <cusip>752111ME1</cusip>
        <identifiers>
          <isin value="US752111ME10"/>
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        <balance>165000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>168722.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <debtSec>
          <maturityDt>2040-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.34000000</annualizedRt>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
        <lei>N/A</lei>
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        <cusip>74529JRL1</cusip>
        <identifiers>
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        <name>Chicago Board of Education</name>
        <lei>54930099NR6T9V7LVB43</lei>
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        <valUSD>2420226.30000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>Los Angeles Department of Water &amp; Power Power System Revenue</name>
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        <name>BARCLAYS BANK PLC</name>
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        <name>South Carolina Public Service Authority</name>
        <lei>EMBXY64GWKA9MZGFUD26</lei>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>RBC CAPITAL MARKETS LLC</name>
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        <name>Rutgers The State University of New Jersey</name>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>RBC CAPITAL MARKETS LLC</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>BARCLAYS BANK PLC</name>
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        <name>BARCLAYS BANK PLC</name>
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        <name>MONTEFIORE OBLIGATED GRP</name>
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        <name>Illinois Finance Authority</name>
        <lei>549300ZG6UBPNNNRN315</lei>
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        <name>Bay Area Toll Authority</name>
        <lei>5493001FUZGUQMIP5D78</lei>
        <title>BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE</title>
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        <invCountry>US</invCountry>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>New York City Water &amp; Sewer System</name>
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        <name>BARCLAYS BANK PLC</name>
        <lei>G5GSEF7VJP5I7OUK5573</lei>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
        <title>PUBLIC FIN AUTH WI HLTHCARE FACS REVENUE</title>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <name>BARCLAYS BANK PLC</name>
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        <name>Metropolitan Government of Nashville &amp; Davidson County Convention Center Auth</name>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>County of Clark Department of Aviation</name>
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        <name>Chicago O'Hare International Airport</name>
        <lei>T5UYO5SYLC8K73MJQX30</lei>
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        <name>Pennsylvania Economic Development Financing Authority</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST ECON DEV FING AUTH REVENUE</title>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>New York City Transitional Finance Authority Future Tax Secured Revenue</name>
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        <name>New York State Dormitory Authority</name>
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        <name>Chicago Board of Trade</name>
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        <name>Chicago Board of Education</name>
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        <name>Public Finance Authority</name>
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        <name>Sumter Landing Community Development District</name>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>Municipal Electric Authority of Georgia</name>
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        <name>Chicago Transit Authority</name>
        <lei>549300CB8XLRGIPN3E12</lei>
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        <name>RBC CAPITAL MARKETS LLC</name>
        <lei>549300LCO2FLSSVFFR64</lei>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>MUFG SECURITIES AMERICAS INC</name>
        <lei>K5HU16E3LMSVCCJJJ255</lei>
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        <name>Ohio University</name>
        <lei>549300P1K3IH2L5SFY61</lei>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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        <name>City of North Las Vegas NV</name>
        <lei>N/A</lei>
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        <name>Metropolitan Washington Airports Authority Dulles Toll Road Revenue</name>
        <lei>7HERAVJJLN8J1DZ6AZ19</lei>
        <title>MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE</title>
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        <name>Public Finance Authority</name>
        <lei>5493004S6D3NA627K012</lei>
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        <name>Tobacco Settlement Financing Corp/VA</name>
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        <name>Denver City &amp; County School District No 1</name>
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        <name>MUFG SECURITIES AMERICAS INC</name>
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            <repurchaseCollateral>
              <principalAmt>5000000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>5073000.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Municipal Bond" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MUFG SECURITIES AMERICAS INC</name>
        <lei>K5HU16E3LMSVCCJJJ255</lei>
        <title>S0AZB3 RRP CHICAGO ILL O HARE RRP MBTB OPEN</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="BlackRock Identifier" value="BRTS0AZB3"/>
        </identifiers>
        <balance>-25012000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>-25012000.00000000</valUSD>
        <pctVal>-1.70965533282</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>RA</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <repurchaseAgrmt>
          <transCat>Reverse repurchase</transCat>
          <notClearedCentCparty isCleared="N">
            <counterpartyInfos>
              <counterpartyInfo lei="K5HU16E3LMSVCCJJJ255" name="MUFG SECURITIES AMERICAS INC"/>
            </counterpartyInfos>
          </notClearedCentCparty>
          <isTriParty>N</isTriParty>
          <repurchaseRt>2.32000000</repurchaseRt>
          <maturityDt>2049-12-31</maturityDt>
          <repurchaseCollaterals>
            <repurchaseCollateral>
              <principalAmt>26000000.00000000</principalAmt>
              <principalCd>USD</principalCd>
              <collateralVal>26107380.00000000</collateralVal>
              <collateralCd>USD</collateralCd>
              <invstCatConditional desc="Municipal Bond" invstCat="Other instrument"/>
            </repurchaseCollateral>
          </repurchaseCollaterals>
        </repurchaseAgrmt>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COMMONSPIRIT HEALTH</name>
        <lei>4SXHN5XW08IBO0UG2V58</lei>
        <title>CommonSpirit Health</title>
        <cusip>20268JAC7</cusip>
        <identifiers>
          <isin value="US20268JAC71"/>
        </identifiers>
        <balance>5618000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6035361.33000000</valUSD>
        <pctVal>0.412537489339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.19000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New York City Water &amp; Sewer System</name>
        <lei>N/A</lei>
        <title>NEW YORK CITY NY MUNI WTR FINAUTH WTR &amp; SWR SYS REVENUE</title>
        <cusip>64972GWB6</cusip>
        <identifiers>
          <isin value="US64972GWB66"/>
        </identifiers>
        <balance>1915000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1945486.80000000</valUSD>
        <pctVal>0.132980644593</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.12000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-02-27</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Taxable Municipal Bond Trust</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
