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      <invstOrSec>
        <name>South Jersey Port Corp.</name>
        <lei>N/A</lei>
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          <isin value="US838530RH87"/>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Children's Trust Fund</name>
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          <isin value="US16876QBG38"/>
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        <curCd>USD</curCd>
        <valUSD>15230050.50000000</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>2043-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.62500000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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          <isin value="US64578EKB29"/>
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        <curCd>USD</curCd>
        <valUSD>3042982.20000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2047-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB</title>
        <cusip>888808HQ8</cusip>
        <identifiers>
          <isin value="US888808HQ88"/>
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        <curCd>USD</curCd>
        <valUSD>13259050.64000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018 A, Ref. RB</title>
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          <isin value="US888808HR61"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2046-06-01</maturityDt>
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        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US888808HT28"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>6461362T7</cusip>
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          <isin value="US6461362T70"/>
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        <balance>12000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8174490.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2037-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
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          <isin value="US6461364K44"/>
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        <curCd>USD</curCd>
        <valUSD>3867153.03000000</valUSD>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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        <name>Guam Housing Corp.</name>
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          <isin value="US40064MBC38"/>
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        <valUSD>10081.40000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Union (County of), NJ Improvement Authority</name>
        <lei>N/A</lei>
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          <isin value="US906347FE41"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>64577HMK4</cusip>
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          <isin value="US64577HMK40"/>
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        <name>Tobacco Settlement Financing Corp.</name>
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          <isin value="US88880RAL42"/>
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        <name>New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.)</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.), Series 2013, RB</title>
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          <isin value="US6459182H50"/>
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        <name>New Jersey (State of) Economic Development Authority (Leap Academy University Charter School, Inc.)</name>
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        <name>New Jersey (State of) Economic Development Authority (North Star Academy Charter School of Newark, Inc.)</name>
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        <invCountry>US</invCountry>
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          <maturityDt>2047-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds)</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds), Series 2020 A, RB</title>
        <cusip>6460666K1</cusip>
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          <isin value="US6460666K17"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2651357.40000000</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>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds)</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey (State of) Educational Facilities Authority (Stevens Institute of Technology) (Green Bonds), Series 2020 A, RB</title>
        <cusip>6460666J4</cusip>
        <identifiers>
          <isin value="US6460666J44"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3074008.50000000</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>2045-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.)</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority (Continental Airlines, Inc.), Series 1999, RB</title>
        <cusip>64578CAH4</cusip>
        <identifiers>
          <isin value="US64578CAH43"/>
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        <balance>1660000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1663257.58000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New York &amp; New Jersey (States of) Port Authority</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>New York &amp; New Jersey (States of) Port Authority, Series 2020 221, RB</title>
        <cusip>73358W5S9</cusip>
        <identifiers>
          <isin value="US73358W5S93"/>
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        <balance>4000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3881591.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-07-15</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 (State of) Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
        <title>New Jersey (State of) Housing &amp; Mortgage Finance Agency, Series 2020 E, Ref. RB</title>
        <cusip>64613ACW0</cusip>
        <identifiers>
          <isin value="US64613ACW09"/>
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        <balance>515000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>359521.71000000</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>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</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>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
        <title>South Jersey Transportation Authority, Series 2020 A, RB</title>
        <cusip>838536LN8</cusip>
        <identifiers>
          <isin value="US838536LN89"/>
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        <balance>2000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1835765.80000000</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>2050-11-01</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>
        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey (State of) Transportation Trust Fund Authority, Series 2020 AA, RB</title>
        <cusip>6461367J4</cusip>
        <identifiers>
          <isin value="US6461367J44"/>
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        <balance>3350000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3315422.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood)</name>
        <lei>N/A</lei>
        <title>Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood), Series 2020 A, RB</title>
        <cusip>29681CAN8</cusip>
        <identifiers>
          <isin value="US29681CAN83"/>
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        <balance>1500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1223102.85000000</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>2060-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Jersey (State of) Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
        <title>New Jersey (State of) Turnpike Authority, Series 2021 A, RB</title>
        <cusip>646140DJ9</cusip>
        <identifiers>
          <isin value="US646140DJ98"/>
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        <balance>5975000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>6114378.23000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York &amp; New Jersey (States of) Port Authority</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>New York &amp; New Jersey (States of) Port Authority, Two Hundred Twenty Three Series 2021, Ref. RB</title>
        <cusip>73358XAW2</cusip>
        <identifiers>
          <isin value="US73358XAW20"/>
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        <balance>1635000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1634507.05000000</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>2041-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New York &amp; New Jersey (States of) Port Authority</name>
        <lei>54930006MR4KZ4W74Z83</lei>
        <title>New York &amp; New Jersey (States of) Port Authority, Two Hundred Twenty Third Series 2021, Ref. RB</title>
        <cusip>73358XAX0</cusip>
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          <isin value="US73358XAX03"/>
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        <balance>1615000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1547458.44000000</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>2046-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing)</name>
        <lei>N/A</lei>
        <title>Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing), Series 2021 A, RB</title>
        <cusip>296806PM8</cusip>
        <identifiers>
          <isin value="US296806PM80"/>
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        <balance>1040000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>982760.69000000</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>2051-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey (State of) Higher Education Student Assistance Authority</name>
        <lei>5493007OOYUHTF8GSL63</lei>
        <title>New Jersey (State of) Higher Education Student Assistance Authority, Series 2021 C, RB</title>
        <cusip>646080VX6</cusip>
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          <isin value="US646080VX66"/>
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        <balance>500000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>361563.85000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Guam (Territory of)</name>
        <lei>N/A</lei>
        <title>Guam (Territory of), Series 2021 F, Ref. RB</title>
        <cusip>40065NCQ8</cusip>
        <identifiers>
          <isin value="US40065NCQ88"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2039478.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of)</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds</title>
        <cusip>74514L3G0</cusip>
        <identifiers>
          <isin value="US74514L3G08"/>
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        <balance>234098.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>239584.63000000</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>5.62500000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of)</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds</title>
        <cusip>74514L3H8</cusip>
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          <isin value="US74514L3H80"/>
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        <balance>230300.00000000</balance>
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        <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>5.62500000</annualizedRt>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of)</name>
        <lei>549300X44HXPLJU48U63</lei>
        <title>Puerto Rico (Commonwealth of), Series 2021 A-1, GO Bonds</title>
        <cusip>74514L3K1</cusip>
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          <isin value="US74514L3K10"/>
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        <balance>212115.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>217243.73000000</valUSD>
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        <name>New Jersey (State of) Economic Development Authority (Hatikvah International Academy Charter School)</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>AES PUERTO RICO Inc.</name>
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        <name>New Jersey (State of) Turnpike Authority</name>
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        <name>New Jersey (State of) Higher Education Student Assistance Authority</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <name>New Jersey (State of) Health Care Facilities Financing Authority (Inspira Health Obligated Group)</name>
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        <name>Virgin Islands (Government of) Public Finance Authority (Frenchman's Reef Hotel Development)</name>
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        <name>Essex (County of), NJ Improvement Authority (North Star Academy School of Newark, Inc.)</name>
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      <invstOrSec>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Guam (Territory of) Waterworks Authority</name>
        <lei>N/A</lei>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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          <isin value="US6461087J35"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-01</maturityDt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New York &amp; New Jersey (States of) Port Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-10-15</maturityDt>
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          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <cusip>64610ABD6</cusip>
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          <isin value="US64610ABD63"/>
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        <valUSD>1317578.47000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.95000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
        <title>New Jersey Transportation Trust Fund Authority, Series 2025, RB</title>
        <cusip>64613CHS0</cusip>
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          <isin value="US64613CHS08"/>
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        <balance>7000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7269508.40000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>645912GA8</cusip>
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          <isin value="US645912GA84"/>
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        <valUSD>692759.59000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2045-11-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey Economic Development Authority</name>
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        <valUSD>802540.88000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-11-01</maturityDt>
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          <annualizedRt>5.12500000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
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          <maturityDt>2060-11-01</maturityDt>
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      <invstOrSec>
        <name>Port Authority of New York &amp; New Jersey</name>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>6459182D4</cusip>
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          <isin value="US6459182D47"/>
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        <name>New Jersey (State of) Health Care Facilities Financing Authority (Virtua Health Inc.)</name>
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        <cusip>64579FYM9</cusip>
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          <maturityDt>2026-03-06</maturityDt>
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        <name>New Jersey (State of) Economic Development Authority (Institute for Advanced Study)</name>
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        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
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    <signature>
      <ncom:dateSigned>2026-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)</ncom:nameOfApplicant>
      <ncom:signature>Adrien Deberghes</ncom:signature>
      <ncom:signerName>Adrien Deberghes</ncom:signerName>
      <ncom:title>Principal Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
