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        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLEGHENY CNTY PA HOSP DEV AUTH REV</name>
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        <cusip>01728A3N4</cusip>
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          <isin value="US01728A3N48"/>
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        <curCd>USD</curCd>
        <valUSD>2623250.25000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLEGHENY CNTY PA PORT AUTH SPL REV</name>
        <lei>N/A</lei>
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          <isin value="US017343DV34"/>
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        <valUSD>1079528.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-03-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>ALLENTOWN PA CITY SCH DIST</name>
        <lei>N/A</lei>
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          <isin value="US018411UA41"/>
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        <curCd>USD</curCd>
        <valUSD>1851344.08000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-02-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>CHESTER CNTY PA</name>
        <lei>N/A</lei>
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          <isin value="US165573W289"/>
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        <curCd>USD</curCd>
        <valUSD>262505.53000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHESTER CNTY PA</name>
        <lei>N/A</lei>
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        <cusip>165573V94</cusip>
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          <isin value="US165573V943"/>
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        <balance>300000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>315313.05000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV</name>
        <lei>N/A</lei>
        <title>CMWLTH FING AUTH PA TOBACCO MA COMMONWEALTH FINANCING AUTHORITY</title>
        <cusip>20282EAJ5</cusip>
        <identifiers>
          <isin value="US20282EAJ55"/>
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        <balance>2500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2648208.50000000</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>2028-06-01</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>
        <name>COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV</name>
        <lei>N/A</lei>
        <title>CMWLTH FING AUTH PA TOBACCO MA COMMONWEALTH FINANCING AUTHORITY</title>
        <cusip>20282EAK2</cusip>
        <identifiers>
          <isin value="US20282EAK29"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>528622.30000000</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>2029-06-01</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>
        <name>CUMBERLAND CNTY PA MUN AUTH REV</name>
        <lei>N/A</lei>
        <title>CUMBERLAND CNTY PA MUNI AUTH CUMBERLAND COUNTY MUNICIPAL AUTHORITY</title>
        <cusip>230614NR6</cusip>
        <identifiers>
          <isin value="US230614NR62"/>
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        <balance>780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>843985.12000000</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>2029-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DELAWARE CNTY PA AUTH REV</name>
        <lei>N/A</lei>
        <title>DELAWARE CNTY PA AUTH DELAWARE COUNTY AUTHORITY</title>
        <cusip>245913MF2</cusip>
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          <isin value="US245913MF22"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>516519.90000000</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>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>DELAWARE CNTY PA AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US245913MG05"/>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>DELAWARE CNTY PA</name>
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          <maturityDt>2036-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV</name>
        <lei>N/A</lei>
        <title>DELAWARE RIVER PA JT TOLL BRID DELAWARE RIVER JOINT TOLL BRIDGE COMMISSION</title>
        <cusip>246343KZ9</cusip>
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        <name>DELAWARE RIV JT TOLL BRDG COMMN PA BRDG REV</name>
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        <name>DELAWARE RIV PORT AUTH PA &amp; NJ REV</name>
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        <name>DELAWARE RIV PORT AUTH PA &amp; NJ REV</name>
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          <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>DELAWARE VALLEY PA REGL FIN AUTH LOC GOVT REV</name>
        <lei>N/A</lei>
        <title>DELAWARE VLY PA REGL FIN AUTH DELAWARE VALLEY REGIONAL FINANCE AUTHORITY</title>
        <cusip>246579ME3</cusip>
        <identifiers>
          <isin value="US246579ME34"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1059993.10000000</valUSD>
        <pctVal>0.766894560064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DELAWARE VALLEY PA REGL FIN AUTH LOC GOVT REV</name>
        <lei>N/A</lei>
        <title>DELAWARE VLY PA REGL FIN AUTH DELAWARE VALLEY REGIONAL FINANCE AUTHORITY</title>
        <cusip>246579LY0</cusip>
        <identifiers>
          <isin value="US246579LY07"/>
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        <balance>1345000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1444509.15000000</valUSD>
        <pctVal>1.045088132269</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-09-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GEISINGER AUTH PA HEALTH SYS REV</name>
        <lei>N/A</lei>
        <title>GEISINGER PA AUTH HLTH SYS REV GEISINGER AUTHORITY</title>
        <cusip>368497JX2</cusip>
        <identifiers>
          <isin value="US368497JX29"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1012367.00000000</valUSD>
        <pctVal>0.732437546139</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2043-04-01</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>GUAM GOVT WTRWKS AUTH WTR &amp; WASTEWTR SYS REV</name>
        <lei>N/A</lei>
        <title>GUAM GOVT WTRWKS AUTH WTR &amp; WS GUAM GOVERNMENT WATERWORKS AUTHORITY</title>
        <cusip>40065FDW1</cusip>
        <identifiers>
          <isin value="US40065FDW14"/>
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        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1011372.12000000</valUSD>
        <pctVal>0.731717760265</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-07-01</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>LANCASTER CNTY PA HOSP AUTH REV</name>
        <lei>N/A</lei>
        <title>LANCASTER CNTY PA HOSP AUTH LANCASTER COUNTY HOSPITAL AUTHORITY/PA</title>
        <cusip>514045P23</cusip>
        <identifiers>
          <isin value="US514045P231"/>
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        <balance>1360000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1409842.78000000</valUSD>
        <pctVal>1.020007355262</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</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>LANCASTER PA HIGHER ED AUTH COLLEGE REV</name>
        <lei>N/A</lei>
        <title>LANCASTER PA HGR EDU AUTH LANCASTER HIGHER EDUCATION AUTHORITY</title>
        <cusip>514328HS5</cusip>
        <identifiers>
          <isin value="US514328HS55"/>
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        <balance>400000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>414016.96000000</valUSD>
        <pctVal>0.299537189815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-10-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LEHIGH CNTY PA GEN PURP AUTH CHARTER SCH REV</name>
        <lei>N/A</lei>
        <title>LEHIGH CNTY PA GEN PURPOSE AUT LEHIGH COUNTY GENERAL PURPOSE AUTHORITY</title>
        <cusip>52480EAH2</cusip>
        <identifiers>
          <isin value="US52480EAH27"/>
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        <balance>1225000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1258162.96000000</valUSD>
        <pctVal>0.910268500519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LUZERNE CNTY PA INDL DEV AUTH REV</name>
        <lei>N/A</lei>
        <title>LUZERNE CNTY PA INDL DEV AUTH LUZERNE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>550728AF6</cusip>
        <identifiers>
          <isin value="US550728AF65"/>
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        <balance>1700000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1595414.30000000</valUSD>
        <pctVal>1.154266520903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</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>LYCOMING CNTY PA AUTH COLLEGE REV</name>
        <lei>N/A</lei>
        <title>LYCOMING CNTY PA AUTH LYCOMING COUNTY AUTHORITY</title>
        <cusip>550802KR2</cusip>
        <identifiers>
          <isin value="US550802KR27"/>
        </identifiers>
        <balance>900000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>993842.91000000</valUSD>
        <pctVal>0.719035549606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CNTY PA HIGHER ED &amp; HEALTH AUTH REV</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY PA HGR EDU &amp; H MONTGOMERY COUNTY HIGHER EDUCATION AND HEALTH AUTH</title>
        <cusip>613603YK9</cusip>
        <identifiers>
          <isin value="US613603YK90"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1592134.35000000</valUSD>
        <pctVal>1.151893509407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-09-01</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>MONTGOMERY CNTY PA INDL DEV AUTH RETIREMENT CMNTY REV</name>
        <lei>N/A</lei>
        <title>MONTGOMERY CNTY PA INDL DEV AU MONTGOMERY COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY</title>
        <cusip>61360PCK4</cusip>
        <identifiers>
          <isin value="US61360PCK49"/>
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        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>758421.15000000</valUSD>
        <pctVal>0.548710226672</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-11-15</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>MT LEBANON PA HOSP AUTH REV</name>
        <lei>N/A</lei>
        <title>MOUNT LEBANON PA HOSP AUTH MOUNT LEBANON HOSPITAL AUTHORITY</title>
        <cusip>621820CW7</cusip>
        <identifiers>
          <isin value="US621820CW76"/>
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        <balance>350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>369665.70000000</valUSD>
        <pctVal>0.267449490352</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</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>
        <name>MT LEBANON PA HOSP AUTH REV</name>
        <lei>N/A</lei>
        <title>MOUNT LEBANON PA HOSP AUTH MOUNT LEBANON HOSPITAL AUTHORITY</title>
        <cusip>621820CU1</cusip>
        <identifiers>
          <isin value="US621820CU11"/>
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        <balance>400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>413333.16000000</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>5.00000000</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>
        <name>NORTHAMPTON CNTY PA GEN PURP AUTH REV</name>
        <lei>N/A</lei>
        <title>NORTHAMPTON CNTY PA GEN PURPOS NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY</title>
        <cusip>663507DH1</cusip>
        <identifiers>
          <isin value="US663507DH19"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1190651.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-15</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>
        <name>NORTHAMPTON CNTY PA GEN PURP AUTH HOSP REV</name>
        <lei>N/A</lei>
        <title>NORTHAMPTON CNTY PA GEN PURPOS NORTHAMPTON COUNTY GENERAL PURPOSE AUTHORITY</title>
        <cusip>66353RCW2</cusip>
        <identifiers>
          <isin value="US66353RCW25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1141455.10000000</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>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OCTORARA PA AREA SCH DIST</name>
        <lei>N/A</lei>
        <title>OCTORARA PA AREA SCH DIST OCTORARA AREA SCHOOL DISTRICT</title>
        <cusip>675740RX4</cusip>
        <identifiers>
          <isin value="US675740RX48"/>
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        <balance>900000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>939616.38000000</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>2029-04-01</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>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PENNSYLVANIA HIGHER ED ASSISTANCE AGY ED LN REV</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA HGR EDU ASSISTANC PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY</title>
        <cusip>70878CBG9</cusip>
        <identifiers>
          <isin value="US70878CBG96"/>
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        <balance>1875000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2057893.88000000</valUSD>
        <pctVal>1.488865938619</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>PENNSYLVANIA HIGHER ED ASSISTANCE AGY ED LN REV</name>
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        <lei>N/A</lei>
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        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PENNSYLVANIA ST CTFS PARTN</name>
        <lei>N/A</lei>
        <title>PENNSYLVANIA ST COPS COMMONWEALTH OF PENNSYLVANIA</title>
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        <fairValLevel>2</fairValLevel>
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        <name>PENNSYLVANIA ST CTFS PARTN</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH UPMC REV</name>
        <lei>N/A</lei>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV</name>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH REV</name>
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        <name>PENNSYLVANIA ECONOMIC DEV FING AUTH PKG SYS REV</name>
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        <title>PENNSYLVANIA ST ECON DEV FINGA PENNSYLVANIA ECONOMIC DEVELOPMENT FINANCING AUTHOR</title>
        <cusip>70870EFB0</cusip>
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      </invstOrSec>
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        <name>PHILADELPHIA PA HSG AUTH GTD REV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <name>PHILADELPHIA PA SCH DIST</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILADELPHIA PA WTR &amp; WASTEWTR REV</name>
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          <isin value="US7178933L36"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PHILADELPHIA PA WTR &amp; WASTEWTR REV</name>
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        <cusip>717893L41</cusip>
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          <isin value="US717893L410"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PHILADELPHIA PA WTR &amp; WASTEWTR REV</name>
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        <cusip>717893Y62</cusip>
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          <isin value="US717893Y629"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PHILADELPHIA PA WTR &amp; WASTEWTR REV</name>
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        <title>PHILADELPHIA PA WTR &amp; WSTWTR R CITY OF PHILADELPHIA PA WATER &amp; WASTEWATER REVENUE</title>
        <cusip>717893V32</cusip>
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          <isin value="US717893V328"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PHILADELPHIA PA WTR &amp; WASTEWTR REV</name>
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        <cusip>N/A</cusip>
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          <isin value="US717893E563"/>
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        <valUSD>313467.21000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PITTSBURGH &amp; ALLEGHENY CNTY PA SPORTS &amp; EXHIB AUTH HOTEL ROOM EXCISE TAX REV</name>
        <lei>N/A</lei>
        <title>PITTSBURGH &amp; ALLEGHENY CNTY PA SPORTS &amp; EXHIBITION AUTHORITY OF PITTSBURGH &amp; ALLE</title>
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          <isin value="US724791BW74"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1131071.50000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>PITTSBURGH &amp; ALLEGHENY CNTY PA SPORTS &amp; EXHIB AUTH PKG REV</name>
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          <isin value="US724792BD76"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH WTR &amp; SWR SYS REV</name>
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          <isin value="US725304ZC69"/>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH WTR &amp; SWR SYS REV</name>
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          <isin value="US725304ZE26"/>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH WTR &amp; SWR SYS REV</name>
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          <isin value="US725304VS57"/>
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        <name>PITTSBURGH PA WTR &amp; SWR AUTH WTR &amp; SWR SYS REV</name>
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        <name>QUAKER VALLEY PA SCH DIST</name>
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        <name>SOUTHEASTERN PA TRANSN AUTH REV</name>
        <lei>N/A</lei>
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          <isin value="US842039CT47"/>
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        <curCd>USD</curCd>
        <valUSD>755030.23000000</valUSD>
        <pctVal>0.546256929475</pctVal>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-03-01</maturityDt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isCashCollateral>N</isCashCollateral>
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        <name>SOUTHEASTERN PA TRANSN AUTH REV</name>
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          <isin value="US842039FD67"/>
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        <curCd>USD</curCd>
        <valUSD>1152174.80000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHEASTERN PA TRANSN AUTH REV</name>
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        <cusip>842039FC8</cusip>
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          <isin value="US842039FC84"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1156838.70000000</valUSD>
        <pctVal>0.836961397108</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</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>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>SEI DAILY INCOME TRUST GOVERNMENT FUND (#36)</title>
        <cusip>783965593</cusip>
        <identifiers>
          <isin value="US7839655930"/>
        </identifiers>
        <balance>429505.91000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>429505.91000000</valUSD>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHCENTRAL PA GEN AUTH REV</name>
        <lei>N/A</lei>
        <title>SOUTHCENTRL PA GEN AUTH REVENU GENERAL AUTHORITY OF SOUTHCENTRAL PENNSYLVANIA</title>
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          <isin value="US84129NNN56"/>
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        <balance>1250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1426041.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-01</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>
      <invstOrSec>
        <name>SWARTHMORE BORO AUTH PA COLLEGE REV</name>
        <lei>N/A</lei>
        <title>SWARTHMORE BORO PA AUTH SWARTHMORE BOROUGH AUTHORITY</title>
        <cusip>870000RH1</cusip>
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          <isin value="US870000RH16"/>
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        <curCd>USD</curCd>
        <valUSD>1183676.90000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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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>UNIV PITTSBURGH OF THE COMWLTH SYS OF HIGHER ED PA</name>
        <lei>N/A</lei>
        <title>UNIV OF PITTSBURGH PA OF THE C UNIVERSITY OF PITTSBURGH-OF THE COMMONWEALTH SYSTE</title>
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          <isin value="US91335VKX37"/>
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        <balance>2000000.00000000</balance>
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        <valUSD>2369852.80000000</valUSD>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <maturityDt>2034-02-15</maturityDt>
          <couponKind>Fixed</couponKind>
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          <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>WESTMORELAND CNTY PA MUN AUTH MUN SVC REV</name>
        <lei>N/A</lei>
        <title>WESTMORELAND CNTY PA MUNI AUTH WESTMORELAND COUNTY MUNICIPAL AUTHORITY</title>
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          <isin value="US961017SW14"/>
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        <balance>1500000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1735863.30000000</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>2037-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-28</ncom:dateSigned>
      <ncom:nameOfApplicant>SEI TAX EXEMPT TRUST</ncom:nameOfApplicant>
      <ncom:signature>Glenn Kurdziel</ncom:signature>
      <ncom:signerName>Glenn Kurdziel</ncom:signerName>
      <ncom:title>Controller and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
