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      <invstOrSec>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
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        <name>Morris County Improvement Authority</name>
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          <maturityDt>2035-03-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-01-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
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          <isin value="US645790NX02"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Camden County Improvement Authority/The</name>
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          <isin value="US13281QBP90"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-02-15</maturityDt>
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          <isin value="US73358XHY13"/>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>Morris County Improvement Authority</name>
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        <name>Puerto Rico Sales Tax Financing Corp Sales Tax Revenue</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Bergen County Improvement Authority/The</name>
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        <name>Morris County Improvement Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64578JAS50"/>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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          <isin value="US64579F8J56"/>
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        <name>City of Newark NJ Mass Transit Access Tax Revenue</name>
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          <isin value="US650360AB60"/>
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      <invstOrSec>
        <name>Monmouth County Improvement Authority/The</name>
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          <isin value="US60956PC756"/>
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        <name>City of East Orange NJ</name>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2036-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Passaic County Improvement Authority/The</name>
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        <name>Hudson County Improvement Authority</name>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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        <name>Passaic County Improvement Authority/The</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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      <invstOrSec>
        <name>City of Jersey City NJ</name>
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      <invstOrSec>
        <name>American Samoa Economic Development Authority</name>
        <lei>N/A</lei>
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          <isin value="US02936TAH41"/>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
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          <isin value="US645790CB01"/>
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          <maturityDt>2048-07-01</maturityDt>
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      <invstOrSec>
        <name>City of Summit NJ</name>
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          <isin value="US866203G486"/>
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          <maturityDt>2045-07-15</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
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        <cusip>646140ET6</cusip>
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          <isin value="US646140ET61"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-01-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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          <isin value="US64577XED49"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-11-01</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
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          <isin value="US645790BV73"/>
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        <valUSD>979484.00000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-07-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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          <isin value="US646080WM92"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-12-01</maturityDt>
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        <name>New Jersey Economic Development Authority</name>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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          <maturityDt>2028-12-15</maturityDt>
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        <name>Burlington County Bridge Commission</name>
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        <name>Puerto Rico Electric Power Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Delaware River Port Authority</name>
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        <name>Burlington County Bridge Commission</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Higher Education Student Assistance Authority</name>
        <lei>5493007OOYUHTF8GSL63</lei>
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          <isin value="US646080TH45"/>
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        <curCd>USD</curCd>
        <valUSD>343495.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE</title>
        <cusip>64578CCE9</cusip>
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          <isin value="US64578CCE93"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1542420.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-01</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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      <invstOrSec>
        <name>Delaware River Port Authority</name>
        <lei>549300OBM31KJO8JR048</lei>
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          <isin value="US246352GW25"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1110300.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-01-01</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Burlington County Bridge Commission</name>
        <lei>N/A</lei>
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          <isin value="US121646CK73"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1076000.00000000</valUSD>
        <pctVal>0.710751574271</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-10-01</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>Township of Chester NJ</name>
        <lei>N/A</lei>
        <title>CHESTER TWP NJ</title>
        <cusip>166263EU3</cusip>
        <identifiers>
          <isin value="US166263EU35"/>
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        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>912500.00000000</valUSD>
        <pctVal>0.602751683571</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</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>Essex County Improvement Authority</name>
        <lei>N/A</lei>
        <title>ESSEX CNTY NJ IMPT AUTH CHRT SCH REVENUE</title>
        <cusip>29681CBH0</cusip>
        <identifiers>
          <isin value="US29681CBH07"/>
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        <balance>1550000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1272999.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE</title>
        <cusip>64579F6K4</cusip>
        <identifiers>
          <isin value="US64579F6K48"/>
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        <balance>1155000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1176321.30000000</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>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Bayonne NJ</name>
        <lei>N/A</lei>
        <title>BAYONNE NJ</title>
        <cusip>072887S86</cusip>
        <identifiers>
          <isin value="US072887S861"/>
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        <balance>615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>634298.70000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE</title>
        <cusip>645790BW5</cusip>
        <identifiers>
          <isin value="US645790BW56"/>
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        <balance>835000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>745204.10000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.12500000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>NEW JERSEY ST EDUCTNL FACS AUTH REVENUE</title>
        <cusip>646066BF6</cusip>
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          <isin value="US646066BF60"/>
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        <balance>1765000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1790963.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
        <title>NEW JERSEY ST HSG &amp; MTGE FIN AGY REVENUE</title>
        <cusip>64613AGC0</cusip>
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          <isin value="US64613AGC09"/>
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        <balance>1975000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1975000.00000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Monroe Township Board of Education/Middlesex County</name>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.72900000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE</title>
        <cusip>64579F8G1</cusip>
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          <isin value="US64579F8G18"/>
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          <maturityDt>2039-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>County of Essex NJ</name>
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          <isin value="US2968042L09"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2033-08-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Commonwealth of Puerto Rico</name>
        <lei>549300X44HXPLJU48U63</lei>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Delaware River &amp; Bay Authority</name>
        <lei>549300DIIIT0MBXYHJ34</lei>
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          <isin value="US246317GU96"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morris County Improvement Authority</name>
        <lei>N/A</lei>
        <title>MORRIS CNTY NJ IMPT AUTH REVENUE</title>
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          <isin value="US618028NA83"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
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          <isin value="US838536HB97"/>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Delaware River Port Authority</name>
        <lei>549300OBM31KJO8JR048</lei>
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        <cusip>246352GZ5</cusip>
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          <isin value="US246352GZ55"/>
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        <curCd>USD</curCd>
        <valUSD>1375512.50000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      </invstOrSec>
      <invstOrSec>
        <name>Monmouth County Improvement Authority/The</name>
        <lei>N/A</lei>
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          <isin value="US60956PWY41"/>
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        <curCd>USD</curCd>
        <valUSD>93680.00000000</valUSD>
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        <invCountry>US</invCountry>
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          <maturityDt>2036-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlantic City NJ</name>
        <lei>N/A</lei>
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        <cusip>048339VX0</cusip>
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          <isin value="US048339VX07"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1572645.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-03-01</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>
      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE</title>
        <cusip>64579F6J7</cusip>
        <identifiers>
          <isin value="US64579F6J74"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50936.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Infrastructure Bank</name>
        <lei>5493006ZE03IRA2BET07</lei>
        <title>NEW JERSEY INFRASTRUCTURE BANK</title>
        <cusip>64580CNE3</cusip>
        <identifiers>
          <isin value="US64580CNE39"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1166500.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Infrastructure Bank</name>
        <lei>5493006ZE03IRA2BET07</lei>
        <title>NEW JERSEY INFRASTRUCTURE BANK</title>
        <cusip>64580CNG8</cusip>
        <identifiers>
          <isin value="US64580CNG86"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>567670.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-09-01</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>
      <invstOrSec>
        <name>Township of Piscataway NJ</name>
        <lei>N/A</lei>
        <title>PISCATAWAY TWP NJ</title>
        <cusip>724292XS1</cusip>
        <identifiers>
          <isin value="US724292XS11"/>
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        <balance>1600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1250016.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>NEW JERSEY ST TRANSPRTN TRUST FUND AUTH</title>
        <cusip>64613CBH0</cusip>
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          <isin value="US64613CBH07"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>992240.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE</title>
        <cusip>64578JAR7</cusip>
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          <isin value="US64578JAR77"/>
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        <balance>6500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5824455.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE</title>
        <cusip>6461395W1</cusip>
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          <isin value="US6461395W19"/>
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        <balance>2780000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2826843.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US73358WD275"/>
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        <valUSD>3247342.40000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-11-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <cusip>64613ABC5</cusip>
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          <isin value="US64613ABC53"/>
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        <balance>2350000.00000000</balance>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-10-01</maturityDt>
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          <annualizedRt>3.80000000</annualizedRt>
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      <invstOrSec>
        <name>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
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          <isin value="US838536MP29"/>
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      <invstOrSec>
        <name>City of Bayonne NJ</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-08-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>City of Trenton NJ</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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          <maturityDt>2026-12-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Morris County Improvement Authority</name>
        <lei>N/A</lei>
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          <isin value="US618028NB66"/>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-03-01</maturityDt>
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          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>City of Atlantic City NJ</name>
        <lei>N/A</lei>
        <title>ATLANTIC CITY NJ</title>
        <cusip>048339UH6</cusip>
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          <isin value="US048339UH65"/>
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        <balance>455000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>506801.75000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State of New Jersey</name>
        <lei>N/A</lei>
        <title>NEW JERSEY ST</title>
        <cusip>646039YY7</cusip>
        <identifiers>
          <isin value="US646039YY72"/>
        </identifiers>
        <balance>3635000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3419662.60000000</valUSD>
        <pctVal>2.258857413035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>NEW JERSEY ST EDUCTNL FACS AUTH REVENUE</title>
        <cusip>646066S35</cusip>
        <identifiers>
          <isin value="US646066S356"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1062700.00000000</valUSD>
        <pctVal>0.701966262061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE</title>
        <cusip>645780FT9</cusip>
        <identifiers>
          <isin value="US645780FT91"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>746752.50000000</valUSD>
        <pctVal>0.493267207217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2034-11-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Monmouth County Improvement Authority/The</name>
        <lei>N/A</lei>
        <title>MONMOUTH CNTY NJ IMPT AUTH REVENUE</title>
        <cusip>60956PC83</cusip>
        <identifiers>
          <isin value="US60956PC830"/>
        </identifiers>
        <balance>645000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>737131.80000000</valUSD>
        <pctVal>0.486912255850</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>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-08-16</ncom:dateSigned>
      <ncom:nameOfApplicant>EATON VANCE MUNICIPALS TRUST</ncom:nameOfApplicant>
      <ncom:signature>James Kirchner</ncom:signature>
      <ncom:signerName>James Kirchner</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
