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        <name>New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Subordinate Series 2017A</name>
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        <name>Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Refunding Series 2015</name>
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        <name>Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Series 2017</name>
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        <name>Hudson County Improvement Authority, New Jersey, County Secured Lease Revenue Bonds, Hudson County Vocational Technical Schools Project, Series 2016</name>
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        <name>New Jersey Economic Development Authority, Revenue Bonds, Provident Group - Kean Properties LLC - Kean University Student Housing Project, Series 2017</name>
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        <name>New Jersey Economic Development Authority, Revenue Bonds, West Campus Housing LLC - New Jersey City University Student Housing Project, Series 2015</name>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph's Healthcare System Obligated Group Issue, Refunding Series 2016</name>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Refunding Series 2016A</name>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Hackensack Meridian Health Obligated Group, Refunding Series 2017A</name>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Village Drive Healthcare Urban Renewal LLC, Series 2018</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1</name>
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        <name>Gloucester County Improvement Authority, New Jersey, Revenue Bonds, Rowan University Project, County Gauranteed Loan, Series 2019</name>
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        <name>New Jersey Higher Education Student Assistance Authority, Student Loan Revenue Bonds, Senior Series 2019B</name>
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        <name>Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Series 2019A</name>
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        <name>Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2</name>
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        <name>New Jersey Economic Development Authority, Water Facilities Revenue Bonds, Middlesex Water Company, Series 2019</name>
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        <name>New Jersey Economic Development Authority, Natural Gas Facilities Revenue Bonds, New Jersey Natural Gas Company Project, Refunding Series 2011A</name>
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      <invstOrSec>
        <name>Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Series 2019</name>
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          <isin value="US246317GV79"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-01-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Somers Point, New Jersey, General Obligation Bonds, Improvement Sewer Utility Series 2019</name>
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          <isin value="US834562GW40"/>
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          <annualizedRt>2.00000000</annualizedRt>
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      <invstOrSec>
        <name>Ocean City, New Jersey, General Obligation Bonds, General Improvement Series 2019</name>
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          <isin value="US674684SB28"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB</name>
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          <isin value="US6461365Q05"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <isin value="US6461365P22"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-15</maturityDt>
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        <name>South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Refunding Series 2019A</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Valley Health System Obligated Group, Series 2019</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Valley Health System Obligated Group, Series 2019</name>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2019A</name>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2019A</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2019A</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2019A</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <cusip>646108D49</cusip>
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        <name>Passaic County, New Jersey, General Obligation Bonds, General Improvement Series 2019A</name>
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        <title>Passaic County, New Jersey, General Obligation Bonds, General Improvement Series 2019A</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc. Project, Refunding Series 2019A</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc. Project, Refunding Series 2019A</title>
        <cusip>645780FL6</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
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        <name>New Jersey Economic Development Authority, Natural Gas Facilities Revenue Bonds, New Jersey Natural Gas Company Project, Refunding Series 2011C</name>
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      <invstOrSec>
        <name>Flemington-Raritan Regional School District, Hunterdon County, New Jersey, General Obligation Bonds, Series 2019</name>
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      <invstOrSec>
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        <name>New Jersey Educational Facilities Authority, Revenue Bonds, Stevens Institute of Technology Issue, Green Series 2020A</name>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority, Revenue Bonds, White Horse HMT Urban Renewal LLC Project, Series 2020</name>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Salem County Pollution Control Financing Authority, New Jersey, Revenue Bonds, Atlantic City Electric Company Project, Refunding Series 2020</name>
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        <title>Salem County Pollution Control Financing Authority, New Jersey, Revenue Bonds, Atlantic City Electric Company Project, Refunding Series 2020</title>
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          <isin value="US79410SBQ84"/>
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        <name>New Jersey Higher Education Student Assistance Authority, Student Loan Revenue Bonds, Senior Series 2020B</name>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Series 2020C</name>
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      <invstOrSec>
        <name>New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Series 2020E</name>
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        <cusip>64613ACX8</cusip>
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      <invstOrSec>
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        <lei>5493002ONULJL0FIGU24</lei>
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      <invstOrSec>
        <name>Hudson County Improvement Authority, New Jersey, County Secured Lease Revenue Bonds, Hudson County Courthouse Project, Series 2020</name>
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      <invstOrSec>
        <name>New Jersey State, General Obligation Bonds, Covid-19 Emergency Series 2020A</name>
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        <cusip>646039YQ4</cusip>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2020A</name>
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        <name>Atlantic County Improvement Authority, New Jersey, General Obligation Lease Revenue Bonds, Stockton University Atlantic City Campus Phase II, Series 2</name>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, RWJ Barnabas Health Obligated Group, Series 2021A</name>
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      <invstOrSec>
        <name>Jersey City, New Jersey, General Obligation Bonds, General Improvement Series 2022A</name>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2022A</name>
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      <invstOrSec>
        <name>South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Series 2022A</name>
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        <name>New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2022B</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <name>New Jersey Economic Development Authority, New Jersey, Transit Transportation Project Revenue Bonds, Portal North Bridge Project Series 2022A</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>64577XED4</cusip>
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        <name>New Jersey Economic Development Authority, New Jersey, Transit Transportation Project Revenue Bonds, Portal North Bridge Project Series 2022A</name>
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        <cusip>64577XEE2</cusip>
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        <name>Camden County Improvement Authority, New Jersey, School Revenue Bonds, KIPP: Cooper Norcross Academy 2022 Project, Social Series 2022</name>
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        <name>Newark, Essex County, New Jersey, Mass Transit Access Tax Revenue Bonds, Mulberry Pedestrian Bridge Redevelopment Project, Series 2022</name>
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        <name>New Jersey Transportation Trust Fund Authority, Transportation Program Bonds, Series 2022CC</name>
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      <invstOrSec>
        <name>New Jersey Infrastructure Bank, Environmental Infrastructure Bonds, Green Series 2022A-2</name>
        <lei>5493006ZE03IRA2BET07</lei>
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        <name>New Jersey Infrastructure Bank, Environmental Infrastructure Bonds, Green Series 2022A-2</name>
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        <name>Passaic County Improvement Authority, New Jersey, Charter School Revenue Bonds, Paterson Arts &amp; Science Charter School, Series 2023</name>
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        <name>New Jersey Economic Development Authority, Water Facilities Revenue Bonds, New Jersey-American Water Company Inc. Project, Refunding Series 2020B</name>
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        <cusip>645780FT9</cusip>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority, Transportation Program Bonds, Series 2023AA</name>
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        <cusip>64613CDQ8</cusip>
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        <name>Middlesex County Improvement Authority, New Jersey, General Obligation Lease Revenue Bonds, New Jersey Health + Life Science Exchange - H-1 Project Se</name>
        <lei>549300QDGS1CLXDHV188</lei>
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        <name>Middlesex County Improvement Authority, New Jersey, General Obligation Lease Revenue Bonds, New Jersey Health + Life Science Exchange - H-1 Project Se</name>
        <lei>549300QDGS1CLXDHV188</lei>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2023C</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <name>New Jersey Economic Development Authority, Revenue Bonds, Provident Group - Kean Properties LLC - Kean University Student Housing Project, Series 2017</name>
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        <name>Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Forty Second Series 2023</name>
        <lei>54930006MR4KZ4W74Z83</lei>
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        <name>Jersey City Board of Education, Hudson County, New Jersey, General Obligation Bonds, School Energy Savings Refunding Series 2023</name>
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        <name>New Brunswick Parking Authority, Middlesex County, New Jersey, Guaranteed Parking Revenue Bonds, Refunding Series 2016A</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey State, General Obligation Bonds, Various Purpose Series 2021</name>
        <lei>N/A</lei>
        <title>New Jersey State, General Obligation Bonds, Various Purpose Series 2021</title>
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          <isin value="US646039ZQ30"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Housing Revenue Bonds, Meadow Brook Apartments Project, Series 2006A</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <cusip>6461075Z1</cusip>
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          <isin value="US6461075Z13"/>
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        <valUSD>1635000.00000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>1.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Infrastructure Bank, Environmental Infrastructure Bonds, Green Series 2023A-W1</name>
        <lei>5493006ZE03IRA2BET07</lei>
        <title>New Jersey Infrastructure Bank, Environmental Infrastructure Bonds, Green Series 2023A-W1</title>
        <cusip>64580CNX1</cusip>
        <identifiers>
          <isin value="US64580CNX10"/>
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        <balance>1500000.00000000</balance>
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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>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Infrastructure Bank, Environmental Infrastructure Bonds, Green Series 2023A-W1</name>
        <lei>5493006ZE03IRA2BET07</lei>
        <title>New Jersey Infrastructure Bank, Environmental Infrastructure Bonds, Green Series 2023A-W1</title>
        <cusip>64580CPB7</cusip>
        <identifiers>
          <isin value="US64580CPB71"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>598977.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2023</title>
        <cusip>60956PH62</cusip>
        <identifiers>
          <isin value="US60956PH623"/>
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        <balance>575000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>673300.22000000</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>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2023</title>
        <cusip>60956PJ37</cusip>
        <identifiers>
          <isin value="US60956PJ371"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>564315.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2023</name>
        <lei>N/A</lei>
        <title>North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2023</title>
        <cusip>660043FC9</cusip>
        <identifiers>
          <isin value="US660043FC92"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>576383.25000000</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>2038-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2023</name>
        <lei>N/A</lei>
        <title>North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2023</title>
        <cusip>660043FD7</cusip>
        <identifiers>
          <isin value="US660043FD75"/>
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        <balance>750000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>859344.23000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2023</name>
        <lei>N/A</lei>
        <title>North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2023</title>
        <cusip>660043FJ4</cusip>
        <identifiers>
          <isin value="US660043FJ46"/>
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        <balance>375000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>408664.01000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bridgewater &amp; Raritan School District, Somerset County, New Jersey, General Obligation Bonds, Series 2024</name>
        <lei>N/A</lei>
        <title>Bridgewater &amp; Raritan School District, Somerset County, New Jersey, General Obligation Bonds, Series 2024</title>
        <cusip>108673RE6</cusip>
        <identifiers>
          <isin value="US108673RE69"/>
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        <balance>3995000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3998414.53000000</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>2045-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Passaic Valley Water Commission, New Jersey, Water System Revenue Bonds, Series 2023</name>
        <lei>N/A</lei>
        <title>Passaic Valley Water Commission, New Jersey, Water System Revenue Bonds, Series 2023</title>
        <cusip>702845LW6</cusip>
        <identifiers>
          <isin value="US702845LW66"/>
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        <balance>1425000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1388963.03000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Toms River Board of Education, Ocean County, New Jersey, General Obligation Bonds, Regional Schools Series 2019</name>
        <lei>N/A</lei>
        <title>Toms River Board of Education, Ocean County, New Jersey, General Obligation Bonds, Regional Schools Series 2019</title>
        <cusip>890125YE1</cusip>
        <identifiers>
          <isin value="US890125YE18"/>
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        <balance>190000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>188740.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey State, General Obligation Bonds, Various Purpose Series 2020</name>
        <lei>N/A</lei>
        <title>New Jersey State, General Obligation Bonds, Various Purpose Series 2020</title>
        <cusip>646039XP7</cusip>
        <identifiers>
          <isin value="US646039XP74"/>
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        <balance>1000000.00000000</balance>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey State, General Obligation Bonds, Various Purpose Series 2021</name>
        <lei>N/A</lei>
        <title>New Jersey State, General Obligation Bonds, Various Purpose Series 2021</title>
        <cusip>646039ZM2</cusip>
        <identifiers>
          <isin value="US646039ZM26"/>
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        <balance>1090000.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2040-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Refunding Series 2024B</name>
        <lei>549300DIIIT0MBXYHJ34</lei>
        <title>Delaware River and Bay Authority, Delaware and New Jersey, Revenue Bonds, Refunding Series 2024B</title>
        <cusip>246317KR1</cusip>
        <identifiers>
          <isin value="US246317KR12"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1137652.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Jersey Housing &amp; Mortgage Finance Agency, Multifamily Conduit Revenue Bonds, Riverview Towers Apartments, Series 2024B</name>
        <lei>5493002ONULJL0FIGU24</lei>
        <title>New Jersey Housing &amp; Mortgage Finance Agency, Multifamily Conduit Revenue Bonds, Riverview Towers Apartments, Series 2024B</title>
        <cusip>646127FN5</cusip>
        <identifiers>
          <isin value="US646127FN55"/>
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        <balance>520000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>573791.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2065-12-20</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Gloucester County Improvement Authority, New Jersey, Revenue Bonds, Rowan University Project, County Guaranteed Loan, Series 2024</name>
        <lei>N/A</lei>
        <title>Gloucester County Improvement Authority, New Jersey, Revenue Bonds, Rowan University Project, County Guaranteed Loan, Series 2024</title>
        <cusip>37970PLV2</cusip>
        <identifiers>
          <isin value="US37970PLV21"/>
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        <name>New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Series 2024K</name>
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        <name>New Jersey Higher Education Student Assistance Authority, Student Loan Revenue Bonds, Refunding Series 2024B</name>
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      <invstOrSec>
        <name>Madison Borough Board of Education, Morris County, New Jersey, General Obligation Bonds, School Series 2024</name>
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        <name>Cumberland County, New Jersey, General Obligation Bonds, General Improvement Series 2024</name>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Inspira Health Obligated Group Issue, Series 2024A</name>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Inspira Health Obligated Group Issue, Series 2024A</name>
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        <name>Casino Reinvestement Development Authority, New Jersey, Luxury Tax Revenue Bonds, Series 2024A</name>
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        <name>Gloucester County Improvement Authority, New Jersey, General Obligation Loan Revenue Bonds, Health Sciences Educational Facilities Projects Series 202</name>
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        <name>Holmdel Township, Monmouth, New Jersey, General Obligation Bonds, Series 2021</name>
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        <name>Woodridge Boro, New Jersey, General Obligation Bonds, General Improvement Series 2021</name>
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        <name>Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Forty-Fifth Series 2024</name>
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        <name>Middlesex County Improvement Authority, New Jersey, County Guaranteed Lease Revenue Bonds, Middlesex Regional Educational Services Commission Projects</name>
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        <name>Passaic County Improvement Authority, New Jersey, Guaranteed Revenue Bonds, Senior Housing Project Series 2024</name>
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        <name>Camden County Improvement Authority, New Jersey, County Guaranteed Loan Revenue Bonds, Refunding Capital Program Series 2024B</name>
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        <name>Camden County Improvement Authority, New Jersey, County Guaranteed Loan Revenue Bonds, Refunding Capital Program Series 2024B</name>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2023E-1</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Revenue Bonds, Series 2023E-1</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <name>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2024A</name>
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        <name>New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2024CC</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <name>South Jersey Transportation Authority, New Jersey, Transportation System Revenue Bonds, Series 2025A</name>
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        <name>New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Inspira Health Obligated Group Issue, Refunding Series 2016A</name>
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        <name>New Jersey Housing and Mortgage Finance Agency, Multifamily Conduit Revenue Bonds, Montgomery Gateway Apartments, Series 2025A</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <name>New Jersey Institute of Technology, New Jersey, General Obligation Bonds, Series 2025A</name>
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        <name>New Jersey Institute of Technology, New Jersey, General Obligation Bonds, Series 2025A</name>
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        <name>Bergen County Improvement Authority, New Jersey, County Guaranteed Governmental Pooled Project Notes, Series 2025A</name>
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        <name>New Jersey Higher Education Student Assistance Authority, Student Loan Revenue Bonds, Refunding Series 2025-1B</name>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority, Revenue Bonds, Princeton University, Series 2025A</name>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority, Turnpike Revenue Bonds, Series 2025A</name>
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        <name>Essex County Improvement Authority, New Jersey, Lease Revenue Bonds, Essex County Family Court Building Projects, County Guaranteed Series 2025</name>
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        <cusip>296807MM9</cusip>
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          <isin value="US296807MM90"/>
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      <invstOrSec>
        <name>Montclair State University, New Jersey, General Obligation Bonds, Series 2025A</name>
        <lei>549300LQ4GTF89QODQ90</lei>
        <title>Montclair State University, New Jersey, General Obligation Bonds, Series 2025A</title>
        <cusip>612232AG3</cusip>
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          <isin value="US612232AG38"/>
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        <name>Montclair State University, New Jersey, General Obligation Bonds, Series 2025A</name>
        <lei>549300LQ4GTF89QODQ90</lei>
        <title>Montclair State University, New Jersey, General Obligation Bonds, Series 2025A</title>
        <cusip>612232AH1</cusip>
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          <isin value="US612232AH11"/>
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        <name>Newark, New Jersey, General Obligation Bonds, Refunding Qualified  General Improvement Series 2025A</name>
        <lei>5493008RBPM01QHRYX34</lei>
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        <cusip>650367TH8</cusip>
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        <invCountry>US</invCountry>

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        <name>Montclair State University, New Jersey, General Obligation Bonds, Series 2025A</name>
        <lei>549300LQ4GTF89QODQ90</lei>
        <title>Montclair State University, New Jersey, General Obligation Bonds, Series 2025A</title>
        <cusip>612232AJ7</cusip>
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          <isin value="US612232AJ76"/>
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        <name>New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Social Series 2025M</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <name>Manalapan-Englishtown Regional Board of Education, New Jersey, General Obligation Bonds, School Series 2025</name>
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        <name>Manalapan-Englishtown Regional Board of Education, New Jersey, General Obligation Bonds, School Series 2025</name>
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        <name>Vineland Board of Education, Cumberland County, New Jersey, General Obligation Bonds, Energy Savings Refunding School Series 2025</name>
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      <invstOrSec>
        <name>Essex County, New Jersey, General Obligation Bonds, Bond Anticipation Notes, Series 2025</name>
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        <curCd>USD</curCd>
        <valUSD>1211612.30000000</valUSD>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Bergen County Improvement Authority, New Jersey, County Guaranteed Governmental Pooled Project Notes, Series 202</name>
        <lei>549300GA3U8F8Z1HOS09</lei>
        <title>Bergen County Improvement Authority, New Jersey, County Guaranteed Governmental Pooled Project Notes, Series 202</title>
        <cusip>083773ED9</cusip>
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          <isin value="US083773ED93"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-10-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>South Brunswick Township, Middlesex County, New Jersey, General Obligation Bonds, BAN Series 2025A</name>
        <lei>N/A</lei>
        <title>South Brunswick Township, Middlesex County, New Jersey, General Obligation Bonds, BAN Series 2025A</title>
        <cusip>8367855K7</cusip>
        <identifiers>
          <isin value="US8367855K70"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1009990.60000000</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>2026-10-19</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Parsippany-Troy Hills Township, New Jersey, General Obligation Bonds, General Improvement Series 2025</name>
        <lei>N/A</lei>
        <title>Parsippany-Troy Hills Township, New Jersey, General Obligation Bonds, General Improvement Series 2025</title>
        <cusip>701859T67</cusip>
        <identifiers>
          <isin value="US701859T677"/>
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        <balance>1605000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1624059.86000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Economic Development Authority, Charter School Revenue Bonds, Central Jersey College Prep Charter School Project, Series 2025</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Charter School Revenue Bonds, Central Jersey College Prep Charter School Project, Series 2025</title>
        <cusip>645912GC4</cusip>
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          <isin value="US645912GC41"/>
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        <balance>860000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>866454.39000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2060-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2025</name>
        <lei>N/A</lei>
        <title>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2025</title>
        <cusip>60956PT51</cusip>
        <identifiers>
          <isin value="US60956PT511"/>
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        <balance>1695000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1959780.36000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2025</name>
        <lei>N/A</lei>
        <title>Monmouth County Improvement Authority, New Jersey, Governmental Pooled Loan Revenue Bonds, Series 2025</title>
        <cusip>60956PT85</cusip>
        <identifiers>
          <isin value="US60956PT859"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2059901.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</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>Ewing Township, Mercer County, New Jersey, General Obligation Bonds, Bond Anticipation Notes Series 2025</name>
        <lei>N/A</lei>
        <title>Ewing Township, Mercer County, New Jersey, General Obligation Bonds, Bond Anticipation Notes Series 2025</title>
        <cusip>300551NG9</cusip>
        <identifiers>
          <isin value="US300551NG95"/>
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        <balance>5000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5070220.50000000</valUSD>
        <pctVal>1.299253549796</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-22</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Passaic County Improvement Authority, New Jersey, Lease Revenue Bonds, Little Falls Board of Education Project Series 2025</name>
        <lei>N/A</lei>
        <title>Passaic County Improvement Authority, New Jersey, Lease Revenue Bonds, Little Falls Board of Education Project Series 2025</title>
        <cusip>702750JA9</cusip>
        <identifiers>
          <isin value="US702750JA93"/>
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        <balance>500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>578604.45000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hudson County, New Jersey, Bond Anticipation Notes, Series 20256</name>
        <lei>N/A</lei>
        <title>Hudson County, New Jersey, Bond Anticipation Notes, Series 20256</title>
        <cusip>44372ADV4</cusip>
        <identifiers>
          <isin value="US44372ADV44"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3050407.50000000</valUSD>
        <pctVal>0.781672665459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-24</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hudson County Improvement Authority, New Jersey, County Guaranteed Pooled Notes, Series 2026A-1</name>
        <lei>N/A</lei>
        <title>Hudson County Improvement Authority, New Jersey, County Guaranteed Pooled Notes, Series 2026A-1</title>
        <cusip>443728GR5</cusip>
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          <isin value="US443728GR55"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1265092.50000000</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>2027-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-28</ncom:dateSigned>
      <ncom:nameOfApplicant>Nuveen Multistate Trust II</ncom:nameOfApplicant>
      <ncom:signature>Gina Spunder</ncom:signature>
      <ncom:signerName>Gina Spunder</ncom:signerName>
      <ncom:title>Director, Fund Financial Reporting</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
