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        <name>Puerto Rico (Commonwealth of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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          <isin value="US64577XCU81"/>
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      <invstOrSec>
        <name>Lavallette School District</name>
        <lei>N/A</lei>
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          <maturityDt>2025-02-01</maturityDt>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
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          <isin value="US888808HR61"/>
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          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey (State of) Educational Facilities Authority (Georgian Court University)</name>
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        <cusip>6460663Z1</cusip>
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          <isin value="US6460663Z13"/>
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        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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        <name>New Jersey (State of) Economic Development Authority</name>
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        <name>Children's Trust Fund</name>
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        <name>New Jersey (State of) Economic Development Authority (Middlesex Water Co.)</name>
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        <cusip>645780FK8</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>New York &amp; New Jersey (States of) Port Authority</name>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <name>New Jersey (State of) Economic Development Authority</name>
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        <name>Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing)</name>
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        <name>New Jersey (State of) Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
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          <maturityDt>2043-11-01</maturityDt>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <cusip>645912FL5</cusip>
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        <name>Virgin Islands (Government of) Water &amp; Power Authority (Electric System)</name>
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        <cusip>927688FK2</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2027-07-01</maturityDt>
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        <name>New Jersey (State of) Economic Development Authority (Elite Pharmaceuticals, Inc. - 2005)</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority (Elite Pharmaceuticals, Inc. - 2005), Series 2005 A, RB</title>
        <cusip>64577HPQ8</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
        <lei>N/A</lei>
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          <isin value="US14760RAP64"/>
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        <curCd>USD</curCd>
        <valUSD>1075384.20000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>New Jersey (State of) Building Authority</name>
        <lei>549300YJLPPJFRLYB368</lei>
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        <cusip>645771ZM1</cusip>
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          <isin value="US645771ZM12"/>
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        <curCd>USD</curCd>
        <valUSD>680671.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Newark (City of), NJ</name>
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          <isin value="US650367LU75"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-07-15</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <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 2019 A, Ref. RB</title>
        <cusip>646108D31</cusip>
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          <isin value="US646108D317"/>
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        <balance>510000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>520964.18000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority, Series 2015 WW, Ref. RB</title>
        <cusip>64577BJZ8</cusip>
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          <isin value="US64577BJZ85"/>
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        <balance>3000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3303262.20000000</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>2035-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Garden State Preservation Trust</name>
        <lei>N/A</lei>
        <title>Garden State Preservation Trust, Series 2005 A, RB</title>
        <cusip>365418BX9</cusip>
        <identifiers>
          <isin value="US365418BX94"/>
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        <balance>460000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>542040.26000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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      <invstOrSec>
        <name>Northern Mariana Islands (Commonwealth of) Ports Authority</name>
        <lei>N/A</lei>
        <title>Northern Mariana Islands (Commonwealth of) Ports Authority, Series 1998 A, RB</title>
        <cusip>665376AT6</cusip>
        <identifiers>
          <isin value="US665376AT60"/>
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        <balance>1325000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1315988.15000000</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>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.25000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority, Series 2012, Ref. RB</title>
        <cusip>645918J87</cusip>
        <identifiers>
          <isin value="US645918J879"/>
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        <balance>2095000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2121422.77000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <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 2011 I, RB</title>
        <cusip>646080NB3</cusip>
        <identifiers>
          <isin value="US646080NB39"/>
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        <balance>655000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>655758.49000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2018 B, Ref. RB</title>
        <cusip>888808HT2</cusip>
        <identifiers>
          <isin value="US888808HT28"/>
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        <balance>3400000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3788701.60000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Guam (Territory of) Power Authority</name>
        <lei>549300IPOV320QCKW060</lei>
        <title>Guam (Territory of) Power Authority, Series 2012 A, Ref. RB</title>
        <cusip>400653GQ8</cusip>
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          <isin value="US400653GQ89"/>
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        <balance>250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>255268.45000000</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>2030-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority, Series 2018 A, RB</title>
        <cusip>645912EX0</cusip>
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          <isin value="US645912EX06"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>New Jersey (State of) Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
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        <cusip>64580ACA7</cusip>
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          <isin value="US64580ACA79"/>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey (State of) Educational Facilities Authority (Georgian Court University)</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-07-01</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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        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <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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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Rutgers The State University of New Jersey</name>
        <lei>549300BOYDHNW8J60112</lei>
        <title>Rutgers The State University of New Jersey, Series 2013 L, Ref. RB</title>
        <cusip>783186RU5</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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        <name>New Jersey (State of) Economic Development Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-06-15</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
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          <isin value="US88880RAN08"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>None</couponKind>
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      <invstOrSec>
        <name>New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.)</name>
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        <title>New Jersey (State of) Economic Development Authority (Newark Downtown District Management Corp.), Series 2019, Ref. RB</title>
        <cusip>64577B5Z3</cusip>
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          <isin value="US64577B5Z37"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-06-15</maturityDt>
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        <name>Puerto Rico (Commonwealth of) Infrastructure Financing Authority</name>
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        <cusip>745220EY5</cusip>
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          <isin value="US745220EY59"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2037-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Educational Facilities Authority (Georgian Court University)</name>
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        <cusip>6460663W8</cusip>
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          <isin value="US6460663W81"/>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2033-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority (Black Horse EHT Urban Renewal LLC)</name>
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        <name>New Jersey (State of) Higher Education Student Assistance Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Newark (City of), NJ Housing Authority</name>
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          <annualizedRt>4.00000000</annualizedRt>
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        <name>Virgin Islands (Government of) Water &amp; Power Authority (Electric System)</name>
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        <cusip>927688FJ5</cusip>
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          <isin value="US927688FJ56"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Housing &amp; Mortgage Finance Agency</name>
        <lei>5493002ONULJL0FIGU24</lei>
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        <cusip>64613ABC5</cusip>
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          <maturityDt>2032-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.80000000</annualizedRt>
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        <name>South Jersey Transportation Authority</name>
        <lei>549300W8SZI2CAOKT956</lei>
        <title>South Jersey Transportation Authority, Series 2020 A, RB</title>
        <cusip>838536LN8</cusip>
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          <isin value="US838536LN89"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-11-01</maturityDt>
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          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
        <lei>N/A</lei>
        <title>Casino Reinvestment Development Authority, Inc., Series 2014, Ref. RB</title>
        <cusip>14760RAV3</cusip>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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      <invstOrSec>
        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority, Series 2018 A, RB</title>
        <cusip>64578EKB2</cusip>
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          <isin value="US64578EKB29"/>
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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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        <fairValLevel>2</fairValLevel>
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        <lei>5493006JS6QWDVU4R678</lei>
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          <isin value="US645918J952"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>New Jersey (State of) Higher Education Student Assistance Authority</name>
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          <isin value="US646080QB02"/>
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        <fairValLevel>2</fairValLevel>
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        <name>Essex (County of), NJ Utilities Authority</name>
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          <isin value="US296816EB35"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.12500000</annualizedRt>
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        <name>New Jersey (State of) Educational Facilities Authority (Georgian Court University)</name>
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        <cusip>6460663T5</cusip>
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          <isin value="US6460663T52"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2030-07-01</maturityDt>
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          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
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        <cusip>74526QT51</cusip>
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          <isin value="US74526QT514"/>
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        <curCd>USD</curCd>
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        <issuerCat>MUN</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2030-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey (State of)</name>
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          <isin value="US646039YS05"/>
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        <valUSD>4657596.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>New Jersey (State of) Educational Facilities Authority (Rider University)</name>
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        <cusip>646066Z60</cusip>
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          <isin value="US646066Z609"/>
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        <curCd>USD</curCd>
        <valUSD>426522.60000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</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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        <valUSD>1103791.10000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2047-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
        <lei>N/A</lei>
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        <cusip>14760RAW1</cusip>
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          <isin value="US14760RAW16"/>
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        <valUSD>3181289.70000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2044-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Essex (County of), NJ Improvement Authority (559 Broad/Hazelwood)</name>
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        <cusip>29681CAN8</cusip>
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          <isin value="US29681CAN83"/>
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        <valUSD>1575252.60000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2060-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing)</name>
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        <title>Essex (County of), NJ Improvement Authority (CHF-Newark LLC-NJIT Student Housing), Series 2021 A, RB</title>
        <cusip>296806PM8</cusip>
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          <isin value="US296806PM80"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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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        <invCountry>US</invCountry>
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          <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>6461363Q2</cusip>
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          <isin value="US6461363Q23"/>
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        <invCountry>US</invCountry>
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          <maturityDt>2031-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Guam Housing Corp.</name>
        <lei>N/A</lei>
        <title>Guam Housing Corp., Series 1998 A, RB</title>
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          <isin value="US40064MBC38"/>
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        <invCountry>US</invCountry>

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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <title>Casino Reinvestment Development Authority, Inc., Series 2004, RB</title>
        <cusip>14760PAU9</cusip>
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          <isin value="US14760PAU93"/>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2025-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Puerto Rico (Commonwealth of) Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <title>Puerto Rico (Commonwealth of) Industrial, Tourist, Educational, Medical &amp; Environmental Control Facilities Financing Authority (Ana G. Mendez Universi</title>
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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>2036-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Union (County of), NJ Improvement Authority</name>
        <lei>N/A</lei>
        <title>Union (County of), NJ Improvement Authority, Series 1998 A, RB</title>
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          <isin value="US906347FE41"/>
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        <curCd>USD</curCd>
        <valUSD>55198.39000000</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>2028-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Middlesex (County of), NJ Improvement Authority</name>
        <lei>549300QDGS1CLXDHV188</lei>
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        <cusip>596566KF5</cusip>
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          <isin value="US596566KF53"/>
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        <balance>20000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20081.00000000</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>2030-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey (State of) Educational Facilities Authority (New Jersey City University)</name>
        <lei>549300UTOO4X537XXG70</lei>
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        <cusip>646067DG0</cusip>
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          <isin value="US646067DG09"/>
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        <curCd>USD</curCd>
        <valUSD>865620.37000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2036-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
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        <cusip>74529JQH1</cusip>
        <identifiers>
          <isin value="US74529JQH13"/>
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        <balance>5771000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1358417.80000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
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      <invstOrSec>
        <name>Newark (City of), NJ</name>
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        <cusip>650367MJ1</cusip>
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          <isin value="US650367MJ12"/>
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        <balance>430000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>465140.55000000</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>2029-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
        <lei>N/A</lei>
        <title>Tobacco Settlement Financing Corp., Series 2006, RB</title>
        <cusip>88880RAL4</cusip>
        <identifiers>
          <isin value="US88880RAL42"/>
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        <balance>1100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>472781.21000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2035-05-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of) Infrastructure Financing Authority</name>
        <lei>549300G1ONPUNRBJUC88</lei>
        <title>Puerto Rico (Commonwealth of) Infrastructure Financing Authority, Series 2006 B, RB</title>
        <cusip>745220JM6</cusip>
        <identifiers>
          <isin value="US745220JM66"/>
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        <balance>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>298281.48000000</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>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Rutgers The State University of New Jersey</name>
        <lei>549300BOYDHNW8J60112</lei>
        <title>Rutgers The State University of New Jersey, Series 2013 J, Ref. RB</title>
        <cusip>783186QP7</cusip>
        <identifiers>
          <isin value="US783186QP75"/>
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        <balance>5380000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5633914.48000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-05-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey (State of)</name>
        <lei>N/A</lei>
        <title>New Jersey (State of), Series 2016, GO Bonds</title>
        <cusip>646039WR4</cusip>
        <identifiers>
          <isin value="US646039WR40"/>
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        <balance>5000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5796074.00000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Newark (City of), NJ Housing Authority</name>
        <lei>N/A</lei>
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        <cusip>65037RCK4</cusip>
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          <isin value="US65037RCK41"/>
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        <balance>760000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>894174.66000000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-01-01</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>64577B7Q1</cusip>
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          <isin value="US64577B7Q10"/>
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        <balance>1000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1071834.30000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <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 2019 C, Ref. RB</title>
        <cusip>646080UP4</cusip>
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          <isin value="US646080UP42"/>
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        <valUSD>983237.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2049-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.62500000</annualizedRt>
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          <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>
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          <isin value="US64578CAH43"/>
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        <balance>850000.00000000</balance>
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        <valUSD>870917.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
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        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <cusip>646136WK3</cusip>
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          <isin value="US646136WK31"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>New Brunswick (City of), NJ Parking Authority</name>
        <lei>N/A</lei>
        <title>New Brunswick (City of), NJ Parking Authority, Series 2012, Ref. RB</title>
        <cusip>642835MH2</cusip>
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          <isin value="US642835MH23"/>
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        <balance>445000.00000000</balance>
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        <valUSD>454046.81000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority, Series 2017 A, Ref. RB</title>
        <cusip>64578JBJ4</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2033-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority, Series 2018 A, RB</title>
        <cusip>645912EG7</cusip>
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          <isin value="US645912EG72"/>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>New Jersey (State of) Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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        <name>Essex (County of), NJ Improvement Authority</name>
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        <name>New Jersey (State of) Educational Facilities Authority (William Paterson University of New Jersey (The))</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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        <lei>5493006JS6QWDVU4R678</lei>
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        <name>Puerto Rico (Commonwealth of) Industrial Tourist Educational Medical &amp; Environmental Control Facilities Financing Authority</name>
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        <name>Rutgers The State University of New Jersey</name>
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        <name>Puerto Rico Public Finance Corp.</name>
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        <name>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>549300EIUFISISP8X671</lei>
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        <issuerCat>MUN</issuerCat>
        <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>Puerto Rico Sales Tax Financing Corp.</name>
        <lei>N/A</lei>
        <title>Puerto Rico Sales Tax Financing Corp., Series 2019 A, RB</title>
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        <name>New Jersey (State of) Economic Development Authority (The Goethals Bridge Replacement)</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <name>Virgin Islands (Government of) Water &amp; Power Authority (Electric System)</name>
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          <isin value="US927688FG18"/>
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          <maturityDt>2024-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>New Jersey (State of) Turnpike Authority</name>
        <lei>5493005YN67D71KSMI84</lei>
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        <cusip>646140DD2</cusip>
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          <isin value="US646140DD29"/>
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        <curCd>USD</curCd>
        <valUSD>2348880.80000000</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>2048-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <name>Garden State Preservation Trust</name>
        <lei>N/A</lei>
        <title>Garden State Preservation Trust, Series 2003 B, RB</title>
        <cusip>365418BE1</cusip>
        <identifiers>
          <isin value="US365418BE14"/>
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        <balance>140000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>127370.87000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-11-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <name>New Jersey (State of) Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2031-04-01</maturityDt>
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          <annualizedRt>6.50000000</annualizedRt>
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        <name>New Jersey (State of) Health Care Facilities Financing Authority (Barnabas Health Obligated Group)</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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          <isin value="US14760PAT21"/>
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          <maturityDt>2024-01-01</maturityDt>
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        <name>Salem (County of), NJ Pollution Control Financing Authority (Chambers)</name>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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          <maturityDt>2023-12-01</maturityDt>
          <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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          <isin value="US6461364K44"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2038-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.25000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <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>3219184.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</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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        <cusip>838536HF0</cusip>
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          <isin value="US838536HF02"/>
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        <balance>3650000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3920853.36000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
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        <cusip>74526QG30</cusip>
        <identifiers>
          <isin value="US74526QG305"/>
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        <balance>55033.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>60329.93000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>10.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>Y</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Puerto Rico (Commonwealth of) Electric Power Authority</name>
        <lei>5493003BRB67HF8ST418</lei>
        <title>Puerto Rico (Commonwealth of) Electric Power Authority, Series 2012 A, RB</title>
        <cusip>74526QV90</cusip>
        <identifiers>
          <isin value="US74526QV908"/>
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        <balance>45000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>46406.25000000</valUSD>
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        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.05000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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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 2010 A, RB</title>
        <cusip>6461362V2</cusip>
        <identifiers>
          <isin value="US6461362V27"/>
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        <balance>1200000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1025139.96000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-12-15</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.00000000</annualizedRt>
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        <securityLending>
          <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 2011 1, RB</title>
        <cusip>646080MW8</cusip>
        <identifiers>
          <isin value="US646080MW84"/>
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        <balance>1030000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1031213.34000000</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>2025-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Newark (City of), NJ</name>
        <lei>5493008RBPM01QHRYX34</lei>
        <title>Newark (City of), NJ, Series 2020 C, Ref. GO Bonds</title>
        <cusip>650367QQ1</cusip>
        <identifiers>
          <isin value="US650367QQ19"/>
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        <balance>305000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>336678.83000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2039-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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      <invstOrSec>
        <name>Salem (County of), NJ Improvement Authority (Finlaw State Office Building)</name>
        <lei>N/A</lei>
        <title>Salem (County of), NJ Improvement Authority (Finlaw State Office Building), Series 2021, Ref. RB</title>
        <cusip>794102GS6</cusip>
        <identifiers>
          <isin value="US794102GS64"/>
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        <balance>1905000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2106710.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Atlantic City (City of), NJ</name>
        <lei>N/A</lei>
        <title>Atlantic City (City of), NJ, Series 2017 A, Ref. GO Bonds</title>
        <cusip>048339VK8</cusip>
        <identifiers>
          <isin value="US048339VK85"/>
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        <balance>1250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1431350.13000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-03-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <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>575000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>551741.42000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.45000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hudson (County of), NJ Improvement Authority (Hudson County Courhouse)</name>
        <lei>N/A</lei>
        <title>Hudson (County of), NJ Improvement Authority (Hudson County Courhouse), Series 2020, RB</title>
        <cusip>443730QC3</cusip>
        <identifiers>
          <isin value="US443730QC31"/>
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        <balance>2250000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2542233.15000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>South Jersey Port Corp.</name>
        <lei>N/A</lei>
        <title>South Jersey Port Corp., Series 2016 S-1, Ref. RB</title>
        <cusip>838530QL0</cusip>
        <identifiers>
          <isin value="US838530QL09"/>
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        <balance>1350000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1480341.15000000</valUSD>
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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>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - Rowan University Student Housing)</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey (State of) Economic Development Authority (Provident Group - Rowan Properties LLC - Rowan University Student Housing), Series 2015 A, RB</title>
        <cusip>64577BHU1</cusip>
        <identifiers>
          <isin value="US64577BHU17"/>
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        <balance>50000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52359.62000000</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>2030-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>New Jersey (State of) Health Care Facilities Financing Authority (University Hospital)</name>
        <lei>N/A</lei>
        <title>New Jersey (State of) Health Care Facilities Financing Authority (University Hospital), Series 2015 A, RB</title>
        <cusip>64579F7P2</cusip>
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          <isin value="US64579F7P26"/>
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        <balance>2000000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>2195746.00000000</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>2046-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-03-30</ncom:dateSigned>
      <ncom:nameOfApplicant>AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)</ncom:nameOfApplicant>
      <ncom:signature>Sheri Morris</ncom:signature>
      <ncom:signerName>Sheri Morris</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
