Certain information contained in this President’s letter represents the opinion of the investment adviser which may change at any time. This information is not intended to be a forecast of future events, a guarantee of future results or investment advice. Current market conditions may not continue. Also, unless otherwise specifically noted, any discussion of the Funds’ holdings, the Funds’ performance, and the views of the investment adviser are as of October 31, 2019.

The story for 2019 is simple and familiar-slower economic growth has been combated by expansive monetary policy.

A comment on global growth: the two engines of the global economy, the U.S. and China, continue to move forward, albeit at a slower pace. The latest economic statistics from China are no cause for panic. China’s services sector is expanding robustly and manufacturing is struggling but not collapsing. My blog, China’s Economic Growth: Continuing Despite Headlines, shows this in two charts.

The biggest event in the markets this summer was the surge in bonds with negative interest rates in Europe. At the end of September, nearly $15 trillion worth of debt globally carried a negative yield.¹Despite moves by the European Central Bank to stimulate, not only is the European economy slowing down, but there are also concerns about just how effective central bank actions are. Looking forward, therefore, I think investors should assess their hedge against central bank uncertainty by considering, for example, their gold allocations. While high interest rate environments tend to be tough for gold (it does not pay any yield), against negative interest rates, gold and other hedges against central bank impotence should be strongly considered.

We encourage you to stay in touch with us through the videos, email subscriptions and research blogs available on our website, www.vaneck.com. I have started my own email subscription where I share interesting research—you can sign up on www.vaneck.com. Should you have any questions regarding fund performance, please contact us at 800.826.2333 or visit our website.

We sincerely thank you for investing in VanEck’s investment strategies. On the following pages, you will find financial statements for each of the funds for the fiscal half-year ended October 31, 2019. As always, we value your continued confidence in us and look forward to helping you meet your investment goals in the future.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Funds carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

As a shareholder of a Fund, you incur operating expenses, including management fees and other Fund expenses. This disclosure is intended to help you understand the ongoing costs (in dollars) of investing in your Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The disclosure is based on an investment of $1,000 invested at the beginning of the period and held for the entire period, May 1, 2019 to October 31, 2019.

The first line in the table below provides information about account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During the Period.”

The second line in the table below provides information about hypothetical account values and hypothetical expenses based on the Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

Principal Amount			Value
MUNICIPAL BONDS: 98.9%
Alabama: 0.9%
		Alabama Federal Aid Highway Finance Authority (RB)
$	540,000	4.00%, 09/01/24 (c)	$	596,425
	945,000	5.00%, 09/01/24 (c)		1,106,935
	400,000	5.00%, 09/01/24 (c)		465,896
		Alabama Federal Aid Highway Finance Authority, Series A (RB)
	940,000	5.00%, 09/01/26 (c)		1,139,271
	1,060,000	5.00%, 09/01/26 (c)		1,272,657
	10,000	5.00%, 09/01/26 (c)		12,097
	715,000	5.00%, 09/01/27 (c)		886,764
	250,000	5.00%, 09/01/27 (c)		309,193
	150,000	5.00%, 09/01/27		189,965
	460,000	5.00%, 09/01/27 (c)		572,571
	100,000	Alabama Federal Aid Highway Finance Authority, Series B (RB) 5.00%, 09/01/25		121,190
		Alabama Public School and College Authority, Series B (RB)
	535,000	5.00%, 07/01/24 (c)		623,992
	540,000	5.00%, 07/01/24 (c)		631,692
		Auburn University, Series A (RB)
	10,000	5.00%, 06/01/26 (c)		12,172
	25,000	5.00%, 06/01/26 (c)		30,541
	860,000	Board of Trustees of the University of Alabama, Series B (RB) 3.00%, 07/01/27 (c)		901,787
		County of Jefferson (RB)
	100,000	5.00%, 03/15/27 (c)		119,891
	600,000	5.00%, 03/15/27 (c)		730,116
	525,000	5.00%, 03/15/27 (c)		641,676
		Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series A (RB)
	530,000	3.00%, 02/01/26 (c)		549,409
	260,000	3.00%, 02/01/26 (c)		270,793
		Lower Alabama Gas District, Series A (RB)
	305,000	5.00%, 09/01/29		378,420
	375,000	5.00%, 09/01/31		476,494
	100,000	5.00%, 09/01/34		130,927
	675,000	State of Alabama, Series A (GO) 5.00%, 11/01/28 (c)		859,714
		UAB Medicine Finance Authority, Series B (RB)
	150,000	5.00%, 09/01/26 (c)		180,086
	225,000	5.00%, 09/01/26 (c)		271,872
	280,000	UAB Medicine Finance Authority, Series B-1 (RB) 5.00%, 03/01/27 (c)		342,121
	1,500,000	University of Alabama, Series A (RB) 3.00%, 07/01/29 (c)		1,557,375
		Water Works Board of the City of Birmingham, Series A (RB)
	595,000	5.00%, 01/01/27 (c)		721,467
	250,000	5.00%, 01/01/27 (c)		304,120
	775,000	5.00%, 01/01/27 (c)		953,351
				17,360,980

Principal Amount			Value
Alaska: 0.3%
		Alaska Housing Finance Corp., Series A (RB)
$	900,000	4.00%, 06/01/27 (c)	$	1,018,026
	125,000	4.00%, 06/01/27 (c)		141,710
	15,000	5.00%, 06/01/25 (c)		17,703
	590,000	5.00%, 06/01/27 (c)		716,809
		Matanuska-Susitna Borough, Goose Creek Correctional Center Project (RB)
	1,500,000	5.00%, 09/01/25 (c)		1,750,995
	300,000	5.25%, 09/01/25 (c)		359,481
	500,000	State of Alaska, International Airports System, Series B (RB) 5.00%, 10/01/25 (c)		583,700
	130,000	State of Alaska, Series A (GO) 5.00%, 08/01/25 (c)		153,764
		State of Alaska, Series B (GO)
	205,000	5.00%, 08/01/25 (c)		242,474
	1,125,000	5.00%, 08/01/25 (c)		1,335,476
				6,320,138
Arizona: 1.4%
		Arizona Transportation Board, Highway Revenue (RB)
	150,000	5.00%, 07/01/24 (c)		173,783
	110,000	5.00%, 07/01/24 (c)		127,675
	25,000	5.00%, 07/01/24 (c)		29,272
	1,050,000	5.00%, 07/01/26 (c)		1,274,878
	835,000	5.00%, 07/01/26 (c)		1,016,796
	35,000	Arizona Water Infrastructure Finance Authority, Series A (RB) 5.00%, 10/01/24 (c)		41,138
	750,000	Board of Regents, Arizona State University, Series A (RB) 5.00%, 07/01/25 (c)		894,780
	240,000	Board of Regents, Arizona State University, Series B (RB) 5.00%, 07/01/25 (c)		288,646
		Board of Regents, University of Arizona (RB)
	215,000	3.00%, 06/01/26 (c)		223,555
	165,000	5.00%, 06/01/26 (c)		198,216
	30,000	City of Chandler (GO) 5.00%, 07/01/24 (c)		35,087
	450,000	City of Glendale, Water and Sewer Revenue, Senior Lien (RB) 5.00%, 07/01/25 (c)		538,303
		City of Mesa, Utility System Revenue (RB)
	915,000	3.25%, 07/01/24 (c)		967,878
	730,000	3.25%, 07/01/24 (c)		776,333
	1,590,000	4.00%, 07/01/26 (c)		1,793,695
	705,000	5.00%, 07/01/26 (c)		863,928
	270,000	5.00%, 07/01/26 (c)		329,619
	355,000	City of Phoenix (GO) 5.00%, 07/01/26 (c)		437,129
		City of Phoenix Civic Improvement Corp., Junior Lien Wastewater System (RB)
	860,000	5.00%, 07/01/26 (c)		1,051,720
	120,000	5.00%, 07/01/26 (c)		145,700

Principal Amount			Value
Arizona: (continued)
$	620,000	5.00%, 07/01/26 (c)	$	756,022
	150,000	5.00%, 07/01/26 (c)		181,307
		City of Phoenix Civic Improvement Corp., Junior Lien Wastewater System, Series B (RB)
	1,250,000	4.00%, 07/01/24 (c)		1,389,650
	1,025,000	5.00%, 07/01/24 (c)		1,194,637
		City of Phoenix Civic Improvement Corp., Senior Lien Airport Revenue, Series B (RB)
	250,000	5.00%, 07/01/27 (c)		306,263
	100,000	5.00%, 07/01/27 (c)		123,040
	250,000	5.00%, 07/01/27 (c)		309,893
	500,000	City of Phoenix Civic Improvement Corp., Senior Lien Airport Revenue, Series D (RB) 5.00%, 07/01/27 (c)		611,810
		City of Phoenix Civic Improvement Corp., Subordinated Excise Tax Revenue, Series A (RB)
	1,870,000	5.00%, 07/01/24 (c)		2,187,058
	115,000	5.00%, 07/01/25 (c)		137,968
	1,250,000	City of Phoenix Civic Improvement Corp., Subordinated Excise Tax Revenue, Series B (RB) 5.00%, 07/01/26		1,547,450
	250,000	Maricopa County High School District No. 210 (GO) 5.00%, 07/01/27 (c)		307,710
		Maricopa County Industrial Development Authority, Banner Health, Series A (RB)
	20,000	3.13%, 01/01/27 (c)		20,895
	215,000	5.00%, 01/01/28		271,786
	710,000	5.00%, 01/01/29		913,046
		Maricopa County Special Health Care District, Series C (GO)
	190,000	5.00%, 07/01/25		227,821
	205,000	5.00%, 07/01/26		251,869
	25,000	Pima County, Sewer System (RB) 5.00%, 07/01/25		30,143
		Salt River Project Agricultural Improvement and Power District, Series A (RB)
	2,000,000	5.00%, 06/01/25 (c)		2,360,460
	130,000	5.00%, 01/01/26		158,835
	1,150,000	5.00%, 01/01/27 (c)		1,432,635
	250,000	5.00%, 01/01/28 (c)		312,393
	100,000	University of Arizona (RB) 5.00%, 06/01/26 (c)		120,493
				26,361,315
Arkansas: 0.1%
	770,000	City of Little Rock, Sewer Revenue (RB) 4.70%, 04/01/25 (c)		893,623
	1,095,000	State of Arkansas, Federal Highway Grant Anticipation (GO) 5.00%, 10/01/24 (c)		1,291,914
				2,185,537

Principal Amount			Value
California: 15.5%
		Alameda Corridor Transportation Authority, Second Subordinate Lien, Series B (RB) (AGM)
$	125,000	3.00%, 10/01/26 (c)	$	129,549
	705,000	4.00%, 10/01/26 (c)		781,937
	1,055,000	Alameda County Joint Powers Authority (RB) 5.00%, 12/01/26 (c)		1,300,129
		Anaheim Housing and Public Improvements Authority, Series A (RB)
	135,000	5.00%, 10/01/21 (c)		144,682
	245,000	5.00%, 10/01/21 (c)		262,378
	25,000	5.00%, 10/01/21 (c)		26,862
	45,000	5.00%, 10/01/21 (c)		48,343
	1,200,000	Anaheim Housing and Public Improvements Authority, Series B (RB) 5.00%, 04/01/23 (c)		1,345,452
	100,000	Bay Area Toll Authority, Series A (RB) 2.63%, 10/01/25 (c) (p)		107,026
	1,055,000	Bay Area Toll Authority, Series S-7 (RB) 4.00%, 04/01/27 (c)		1,210,032
	1,040,000	California Department of Water Resources, Central Valley Project Water System (RB) 5.00%, 12/01/24 (c)		1,236,882
		California Department of Water Resources, Central Valley Project Water System, Series AV (RB)
	750,000	4.00%, 06/01/26 (c)		864,592
	725,000	4.00%, 06/01/26 (c)		839,891
	100,000	California Health Facilities Financing Authority, Adventist Health System, Series A (RB) 4.00%, 03/01/26 (c)		112,582
		California Health Facilities Financing Authority, Cedars-Sinai Medical Center (RB)
	110,000	5.00%, 11/15/25 (c)		134,196
	100,000	5.00%, 11/15/25 (c)		122,640
	310,000	California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series A (RB) 5.00%, 08/15/26 (c)		380,792
	400,000	California Health Facilities Financing Authority, Cedars-Sinai Medical Center, Series B (RB) 3.00%, 08/15/26 (c)		418,240
	175,000	California Health Facilities Financing Authority, El Camino Hospital (RB) 3.75%, 02/01/27 (c)		189,035
	140,000	California Health Facilities Financing Authority, Kaiser Permanente, Series A (RB) 5.00%, 11/01/27		179,890
	160,000	California Health Facilities Financing Authority, Lucile Salter Packard Children Hospital, Series A (RB) 5.00%, 08/15/26 (c)		192,680

Principal Amount			Value
California: (continued)
		California Health Facilities Financing Authority, Providence Health and Services, Series A (RB)
$	45,000	5.00%, 10/01/24 (c)	$	53,216
	1,000,000	5.00%, 10/01/26 (c)		1,218,880
	300,000	California Health Facilities Financing Authority, Providence St. Joseph Health, Series B-3 (RB) 2.00%, 10/01/25 (c) (p)		312,210
	750,000	California Health Facilities Financing Authority, Stanford Health Care, Series A (RB) 5.00%, 11/15/27 (c)		950,415
	150,000	California Health Facilities Financing Authority, Sutter Health, Series A (RB) 5.00%, 11/15/27 (c)		188,175
		California Infrastructure and Economic Development Bank, Clean Water State (RB)
	100,000	5.00%, 10/01/25		122,748
	100,000	5.00%, 10/01/25		122,748
	130,000	5.00%, 04/01/26 (c)		158,224
	550,000	5.00%, 04/01/26 (c)		680,883
	935,000	5.00%, 04/01/26 (c)		1,154,173
	55,000	5.00%, 04/01/26 (c)		67,623
	150,000	5.00%, 10/01/26		188,811
	170,000	5.00%, 04/01/27 (c)		212,090
	840,000	California Municipal Finance Authority, Community Medical Centers, Series A (RB) 5.00%, 02/01/27 (c)		1,012,528
	790,000	California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB) 5.00%, 07/01/27 (c)		948,427
		California State Public Works Board, Department of Corrections and Rehabilitation, Series D (RB)
	1,290,000	3.00%, 09/01/27 (c)		1,368,845
	500,000	3.00%, 09/01/27 (c)		534,065
	250,000	5.00%, 09/01/24 (c)		292,203
	270,000	5.00%, 09/01/24 (c)		317,650
		California State Public Works Board, Department of Corrections and Rehabilitation, Series E (RB)
	655,000	2.50%, 10/01/26 (c)		682,896
	400,000	4.00%, 10/01/26 (c)		457,912
		California State Public Works Board, Department of Corrections and Rehabilitation, Series H (RB)
	270,000	3.00%, 12/01/25 (c)		288,079
	520,000	3.25%, 12/01/25 (c)		556,270
	345,000	3.38%, 12/01/25 (c)		370,840
	110,000	4.00%, 12/01/25 (c)		122,587
	100,000	5.00%, 12/01/25 (c)		121,409
		California State Public Works Board, Department of General Services, Series F (RB)
	75,000	5.00%, 05/01/25 (c)		89,134

Principal Amount			Value
California: (continued)
$	600,000	5.00%, 05/01/25 (c)	$	714,468
	930,000	5.00%, 05/01/25 (c)		1,109,592
		California State Public Works Board, Various Capital Projects, Series B (RB)
	120,000	5.00%, 10/01/27 (c)		150,047
	1,060,000	5.00%, 10/01/27 (c)		1,330,247
	1,045,000	5.00%, 10/01/27 (c)		1,316,784
		California State Public Works Board, Various Capital Projects, Series C (RB)
	100,000	3.38%, 03/01/27 (c)		108,866
	425,000	4.00%, 11/01/26 (c)		483,935
	45,000	5.00%, 11/01/26 (c)		55,295
	30,000	5.00%, 11/01/26 (c)		36,765
	30,000	5.00%, 11/01/26 (c)		37,003
	160,000	5.00%, 03/01/27		199,899
	1,000,000	California State Public Works Board, Various Capital Projects, Series D (RB) 5.00%, 10/01/26 (c)		1,227,070
	950,000	California State Public Works Board, Various Correctional Facilities, Series C (RB) 5.00%, 11/01/28 (c)		1,215,791
		California State University, Series A (RB)
	910,000	3.00%, 05/01/26 (c)		946,318
	400,000	4.00%, 05/01/26 (c)		452,208
	50,000	5.00%, 11/01/25		61,522
	450,000	5.00%, 11/01/25 (c)		552,523
	300,000	5.00%, 11/01/25 (c)		361,005
	15,000	5.00%, 11/01/25 (c)		18,281
	35,000	5.00%, 11/01/25 (c)		42,363
	110,000	5.00%, 11/01/25		135,348
	220,000	5.00%, 05/01/26 (c)		267,089
	160,000	5.00%, 05/01/26 (c)		198,696
	10,000	5.00%, 05/01/26 (c)		12,172
	510,000	5.00%, 05/01/27 (c)		633,813
	225,000	5.00%, 05/01/27 (c)		277,781
	1,015,000	5.00%, 05/01/27 (c)		1,279,235
	1,640,000	5.00%, 05/01/27 (c)		2,046,720
	525,000	California State Veterans, Series CL (GO) 3.50%, 12/01/24 (c)		557,760
		California Statewide Communities Development Authority, Enloe Medical Center (RB)
	635,000	3.00%, 02/15/26 (c)		677,659
	450,000	3.25%, 02/15/26 (c)		478,516
	725,000	5.00%, 02/15/26 (c)		891,119
	735,000	5.00%, 02/15/26 (c)		899,905
	500,000	California Statewide Communities Development Authority, Huntington Memorial Hospital, Series B (RB) 5.00%, 07/01/24 (c)		572,960
	100,000	California Statewide Communities Development Authority, Irvine East Campus Apartments (RB) 5.00%, 05/15/26		120,980

Principal Amount			Value
California: (continued)
		California Statewide Communities Development Authority, Methodist Hospital of Southern California (RB)
$	760,000	5.00%, 01/01/28 (c)	$	920,672
	315,000	5.00%, 01/01/28 (c)		383,238
	270,000	California Statewide Communities Development Authority, Series A (RB) 4.13%, 03/01/26 (c)		295,267
	300,000	Campbell Union High School District, Series B (GO) 5.00%, 08/01/26 (c)		364,791
	140,000	Chabot-Las Positas Community College District (GO) 4.00%, 08/01/26 (c)		156,667
	255,000	City and County of San Francisco, Series B (CP) 3.00%, 10/01/25 (c)		270,065
		City and County of San Francisco, Series R-1 (GO)
	40,000	5.00%, 06/15/23 (c)		45,676
	45,000	5.00%, 06/15/23 (c)		51,386
		City of Bakersfield, Wastewater Revenue, Series A (RB)
	240,000	5.00%, 09/15/20 (c)		247,896
	520,000	5.00%, 09/15/25 (c)		635,804
	15,000	5.00%, 09/15/25 (c)		18,160
	405,000	City of Los Angeles, Solid Waste Resources, Series A (RB) 4.00%, 02/01/28 (c)		472,258
		City of Los Angeles, Wastewater System, Series A (RB)
	30,000	5.00%, 06/01/25 (c)		36,341
	250,000	5.00%, 06/01/27 (c)		313,180
	1,250,000	City of San Jose, Refunding, Libraries, Parks and Public Safety Projects, Series C (GO) 5.00%, 03/01/29 (c)		1,614,275
	625,000	Coast Community College District (GO) 0.00%, 08/01/25 (c) ^		372,775
	20,000	Contra Costa Transportation Authority (RB) 5.00%, 03/01/25 (c)		23,834
	30,000	Contra Costa Water District (RB) 5.00%, 10/01/24 (c)		35,632
	250,000	Corona-Norco Unified School District, Series A (GO) 4.00%, 08/01/26 (c)		282,958
		County of Sacramento, Airport System, Series E (RB)
	275,000	5.00%, 07/01/27		348,606
	150,000	5.00%, 07/01/28 (c)		187,856
	150,000	County of San Diego, Edgemoor and RCS Refunding, Series A (CP) 5.00%, 10/15/24 (c)		177,018
		County of Santa Clara, Series C (GO)
	245,000	3.00%, 08/01/27 (c)		255,792
	125,000	5.00%, 08/01/27 (c)		160,244
	525,000	5.00%, 08/01/27 (c)		656,796

Principal Amount			Value
California: (continued)
$	620,000	Department of Airports of the City of Los Angeles, Series C (RB) 5.00%, 05/15/25 (c)	$	741,545
	120,000	Desert Community College District (GO) 5.00%, 08/01/27 (c)		149,927
	15,000	East Bay Municipal Utility District, Wastewater System, Series A (RB) 5.00%, 06/01/25		18,225
		East Bay Municipal Utility District, Water System, Series A (RB)
	175,000	4.00%, 06/01/25 (c)		195,613
	315,000	5.00%, 06/01/24 (c)		368,361
	20,000	5.00%, 06/01/25		24,299
	460,000	5.00%, 06/01/27 (c)		575,189
		East Bay Municipal Utility District, Water System, Series B (RB)
	220,000	5.00%, 06/01/27 (c)		276,855
	135,000	5.00%, 06/01/27 (c)		172,229
	2,590,000	East Side Union High School District, Series B (GO) (AGM) 3.00%, 08/01/27 (c)		2,684,898
		Eastern Municipal Water District, Financing Authority, Series B (RB)
	560,000	5.00%, 07/01/26 (c)		684,163
	145,000	5.00%, 07/01/26 (c)		177,593
		Eastern Municipal Water District, Water and Wastewater Revenue, Series A (RB)
	625,000	5.00%, 07/01/26 (c)		767,131
	250,000	5.00%, 07/01/26 (c)		305,705
	435,000	5.00%, 07/01/26 (c)		536,512
	25,000	5.00%, 07/01/26 (c)		31,039
	100,000	5.00%, 07/01/26 (c)		123,698
	250,000	El Camino Healthcare District (GO) 4.00%, 02/01/27 (c)		285,240
		El Dorado Irrigation District, Series C (RB)
	250,000	5.00%, 03/01/26 (c)		299,263
	520,000	5.00%, 03/01/26 (c)		630,349
	30,000	Emeryville Redevelopment Agency Successor Agency (AGM) (TA) 5.00%, 09/01/24 (c)		35,418
		Fontana Redevelopment Agency Successor Agency (TA)
	205,000	5.00%, 10/01/26		258,042
	760,000	5.00%, 10/01/27 (c)		952,455
		Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB)
	395,000	3.25%, 06/01/25 (c)		420,154
	330,000	3.25%, 06/01/25 (c)		349,625
	220,000	5.00%, 06/01/25 (c)		260,053
	155,000	5.00%, 06/01/25 (c)		182,094
		Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-1 (RB)
	1,050,000	5.00%, 06/01/26		1,240,312
	2,000,000	5.00%, 06/01/27 (c)		2,381,640

Principal Amount			Value
California: (continued)
$	2,500,000	5.00%, 06/01/28 (c)	$	2,991,125
	1,000,000	5.00%, 06/01/28 (c)		1,207,150
		Imperial Irrigation District, Electric System, Series C (RB)
	215,000	5.00%, 05/01/26 (c)		261,019
	1,165,000	5.00%, 05/01/26 (c)		1,421,207
	135,000	5.00%, 05/01/26 (c)		165,428
	105,000	Long Beach Unified School District (GO) 5.00%, 08/01/26 (c)		130,369
		Los Angeles Community College District, Series A (GO)
	1,140,000	4.00%, 08/01/24 (c)		1,262,972
	955,000	5.00%, 08/01/24 (c)		1,119,862
	175,000	5.00%, 08/01/24 (c)		204,859
	1,050,000	5.00%, 08/01/24 (c)		1,239,756
	710,000	5.00%, 08/01/24 (c)		836,870
	265,000	5.00%, 08/01/24 (c)		311,950
	1,490,000	5.00%, 08/01/24 (c)		1,750,973
		Los Angeles Community College District, Series G (GO)
	720,000	4.00%, 08/01/24 (c)		808,805
	170,000	5.00%, 08/01/24 (c)		200,722
		Los Angeles Community College District, Series I (GO)
	775,000	2.13%, 08/01/26 (c)		782,920
	170,000	4.00%, 08/01/26 (c)		194,001
	25,000	4.00%, 08/01/26		29,612
	135,000	4.00%, 08/01/26 (c)		159,224
		Los Angeles Community College District, Series J (GO)
	750,000	4.00%, 08/01/27 (c)		874,237
	400,000	4.00%, 08/01/27 (c)		469,212
	100,000	5.00%, 08/01/27 (c)		127,659
		Los Angeles County Metropolitan Transportation Authority, Series A (RB)
	50,000	4.00%, 07/01/26 (c)		57,632
	800,000	5.00%, 07/01/25 (c)		972,392
	165,000	5.00%, 06/01/26 (c)		202,848
	375,000	5.00%, 06/01/26 (c)		462,435
	115,000	5.00%, 06/01/26 (c)		142,770
	795,000	5.00%, 07/01/27 (c)		1,003,695
		Los Angeles County Public Works Financing Authority, Series B (RB)
	15,000	5.00%, 12/01/25 (c)		18,192
	435,000	5.00%, 12/01/25 (c)		532,114
		Los Angeles County Public Works Financing Authority, Series D (RB)
	830,000	5.00%, 12/01/25 (c)		1,001,237
	320,000	5.00%, 12/01/25 (c)		388,093
		Los Angeles Department of Water and Power, Series A (RB)
	735,000	3.25%, 01/01/25 (c)		778,828
	25,000	5.00%, 01/01/25 (c)		29,421
	30,000	5.00%, 01/01/25 (c)		35,683
	1,975,000	5.00%, 01/01/25 (c)		2,335,023
	245,000	5.00%, 01/01/26 (c)		299,250
	155,000	5.00%, 01/01/26 (c)		190,201
	30,000	5.00%, 01/01/26 (c)		37,044

Principal Amount			Value
California: (continued)
$	1,010,000	5.00%, 01/01/27 (c)	$	1,249,107
	500,000	5.00%, 01/01/28 (c)		631,095
	500,000	5.00%, 01/01/28 (c)		633,485
	115,000	5.00%, 01/01/28 (c)		148,893
		Los Angeles Department of Water and Power, Series B (RB)
	180,000	5.00%, 06/01/25 (c)		218,804
	35,000	5.00%, 01/01/26 (c)		43,119
	125,000	5.00%, 01/01/26 (c)		153,388
	1,000,000	5.00%, 01/01/27 (c)		1,233,690
	275,000	5.00%, 01/01/27 (c)		338,330
	110,000	5.00%, 07/01/27		141,291
		Los Angeles Department of Water and Power, Series C (RB)
	250,000	5.00%, 07/01/24 (c)		295,310
	100,000	5.00%, 07/01/24 (c)		117,924
	1,100,000	5.00%, 07/01/27 (c)		1,396,450
	500,000	5.00%, 07/01/27 (c)		622,715
	200,000	5.00%, 07/01/27 (c)		248,562
		Los Angeles Department of Water and Power, Series D (RB)
	245,000	5.00%, 07/01/24 (c)		285,633
	100,000	5.00%, 07/01/24 (c)		116,585
	1,015,000	5.00%, 07/01/24 (c)		1,195,416
	640,000	5.00%, 07/01/24 (c)		751,846
	185,000	Los Angeles Department of Water and Power, Series E (RB) 5.00%, 07/01/24 (c)		215,318
		Los Angeles Unified School District, Series A (GO)
	1,580,000	4.00%, 07/01/29 (c)		1,883,155
	20,000	5.00%, 07/01/21 (c)		21,230
	175,000	5.00%, 07/01/21 (c)		185,584
	25,000	5.00%, 07/01/25 (c)		29,946
	695,000	5.00%, 07/01/25 (c)		830,838
	105,000	5.00%, 07/01/25 (c)		126,345
	105,000	5.00%, 07/01/26		129,683
	550,000	5.00%, 07/01/27		693,561
		Los Angeles Unified School District, Series B (GO)
	1,200,000	2.00%, 07/01/26 (c)		1,201,296
	780,000	3.00%, 07/01/26 (c)		824,569
	855,000	3.00%, 07/01/26 (c)		896,083
	885,000	5.00%, 07/01/26 (c)		1,084,506
	1,035,000	5.00%, 07/01/26 (c)		1,257,421
		Los Angeles Unified School District, Series B-1 (GO)
	585,000	5.00%, 01/01/28 (c)		731,496
	345,000	5.00%, 01/01/28 (c)		433,893
		Metropolitan Water District of Southern California, Series A (RB)
	410,000	2.50%, 07/01/26		443,944
	990,000	2.50%, 07/01/27		1,079,011
	100,000	5.00%, 01/01/26 (c)		121,405
		Monterey Peninsula Community College District (GO)
	730,000	0.00%, 02/01/26 (c) ^		540,952
	975,000	0.00%, 02/01/26 (c) ^		695,643
	865,000	0.00%, 02/01/26 (c) ^		691,265
	865,000	0.00%, 02/01/26 (c) ^		665,349

Principal Amount			Value
California: (continued)
		Municipal Improvement Corp. of Los Angeles, Series B (RB)
$	135,000	5.00%, 11/01/26 (c)	$	167,829
	615,000	5.00%, 11/01/26 (c)		761,210
	275,000	5.00%, 11/01/26		344,127
	265,000	5.00%, 11/01/26 (c)		330,458
		Northern California Transmission Agency Project, Series A (RB)
	20,000	5.00%, 05/01/26 (c)		24,448
	40,000	5.00%, 05/01/26 (c)		49,328
	45,000	5.00%, 05/01/26 (c)		55,665
		Oakland Unified School District (GO)
	175,000	5.00%, 08/01/26 (c)		213,147
	450,000	5.00%, 08/01/26 (c)		545,490
	275,000	5.00%, 08/01/26 (c)		335,673
	495,000	5.00%, 08/01/26		609,310
	680,000	5.00%, 08/01/26 (c)		833,068
		Oakland Unified School District, Series A (GO)
	335,000	5.00%, 08/01/25 (c)		394,690
	400,000	5.00%, 08/01/25 (c)		473,120
	400,000	Oakland Unified School District, Series C (GO) 5.00%, 08/01/27 (c)		491,236
	1,355,000	Orange County Local Transportation Authority (RB) 5.00%, 02/15/29 (c)		1,772,272
	315,000	Palm Springs Unified School District (GO) 4.00%, 08/01/26 (c)		358,735
		Palm Springs Unified School District, Series D (GO)
	525,000	2.50%, 08/01/26 (c)		535,033
	160,000	3.00%, 08/01/26 (c)		171,482
	690,000	Palomar Community College District (GO) 5.00%, 05/01/25 (c)		818,057
	775,000	Palomar Health, Series B (GO) 5.00%, 08/01/26 (c)		932,395
	1,000,000	Peralta Community College District, Series A (GO) 5.00%, 08/01/24 (c)		1,166,600
	250,000	Pittsburg Successor Agency, Los Medanos Community, Series A (AGM) (TA) 5.00%, 09/01/26 (c)		303,773
	260,000	Placentia-Yorba Linda Unified School District, Series A (CP) (AGM) 4.00%, 10/01/25 (c)		291,697
	100,000	Poway Unified School District (GO) 5.00%, 08/01/24 (c)		117,011
		Public Utilities Commission of the City and County of San Francisco, Wastewater Revenue, Series A (RB)
	440,000	5.00%, 10/01/25 (c)		532,228
	475,000	5.00%, 10/01/25 (c)		575,766
		Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series A (RB)
	100,000	4.00%, 11/01/26 (c)		117,546

Principal Amount			Value
California: (continued)
$	55,000	5.00%, 05/01/25 (c)	$	66,106
	235,000	5.00%, 05/01/25 (c)		284,258
	230,000	5.00%, 05/01/25 (c)		277,530
	250,000	5.00%, 05/01/25 (c)		301,070
	155,000	5.00%, 11/01/25		190,213
	1,215,000	5.00%, 11/01/26 (c)		1,492,956
	25,000	5.00%, 11/01/26 (c)		30,892
	160,000	5.00%, 11/01/26 (c)		200,981
		Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series D (RB)
	585,000	5.00%, 11/01/27 (c)		738,293
	255,000	5.00%, 11/01/27 (c)		328,315
	300,000	Rancho Cucamonga Redevelopment Agency (AGM) (TA) 5.00%, 09/01/24 (c)		350,643
	650,000	Regents of the University of California, Medical Center Pooled Revenue, Series L (RB) 5.00%, 05/15/26 (c)		784,712
		Regents of the University of California, Series AO (RB)
	190,000	5.00%, 05/15/25 (c)		226,482
	510,000	5.00%, 05/15/25 (c)		608,823
	605,000	5.00%, 05/15/25 (c)		732,286
		Regents of the University of California, Series AR (RB)
	500,000	5.00%, 05/15/26 (c)		610,435
	750,000	5.00%, 05/15/26 (c)		922,327
		Regents of the University of California, Series I (RB)
	150,000	5.00%, 05/15/25 (c)		179,066
	1,115,000	5.00%, 05/15/25 (c)		1,337,643
	480,000	5.00%, 05/15/25 (c)		580,411
	980,000	5.00%, 05/15/25 (c)		1,180,332
	455,000	Regents of the University of California, Series K (RB) 5.00%, 05/15/26 (c)		558,267
	170,000	Riverside Community College District (GO) 5.00%, 08/01/25 (c)		205,027
	20,000	Riverside County Public Financing Authority, Capital Facilities Project (RB) 5.00%, 11/01/25		24,285
	160,000	Riverside County Public Financing Authority, Project Area No. 1, Desert Communities and Interstate 215 Corridor Projects (TA) 3.00%, 10/01/25 (c)		164,872
	730,000	Riverside County Transportation Commission, Series A (RB) 2.00%, 06/01/24 (c)		738,103
		Sacramento City Financing Authority, Master Lease Program Facilities (RB)
	650,000	3.38%, 12/01/25 (c)		709,728
	110,000	5.00%, 12/01/25 (c)		133,909
	10,000	5.00%, 12/01/25 (c)		12,096

Principal Amount			Value
California: (continued)
		Sacramento County Sanitation Districts Financing Authority, Series A (RB)
$	170,000	5.00%, 06/01/24 (c)	$	200,544
	250,000	5.00%, 06/01/24 (c)		292,228
	15,000	5.00%, 06/01/24 (c)		17,636
	20,000	Sacramento Municipal Utility District (RB) 5.00%, 07/01/25		24,396
	1,000,000	Sacramento Municipal Utility District, Series D (RB) 5.00%, 08/15/28		1,308,630
		San Diego Association of Governments, South Bay Expressway, Series A (RB)
	705,000	5.00%, 07/01/27 (c)		868,877
	500,000	5.00%, 07/01/27 (c)		619,365
		San Diego Community College District (GO)
	855,000	5.00%, 08/01/26 (c)		1,056,541
	65,000	5.00%, 08/01/26 (c)		80,719
		San Diego County Regional Transportation Commission, Series A (RB)
	700,000	5.00%, 04/01/26 (c)		853,545
	105,000	5.00%, 04/01/26 (c)		128,330
		San Diego County Water Authority, Series A (RB)
	100,000	5.00%, 05/01/25 (c)		120,015
	75,000	5.00%, 05/01/25 (c)		90,188
	500,000	5.00%, 05/01/26 (c)		610,660
	165,000	5.00%, 05/01/26 (c)		201,945
	150,000	5.00%, 05/01/26 (c)		184,025
	100,000	San Diego County Water Authority, Series B (RB) 5.00%, 05/01/26 (c)		121,266
		San Diego Public Facilities Financing Authority (RB)
	445,000	5.00%, 10/15/25 (c)		537,702
	365,000	5.00%, 10/15/25 (c)		442,665
		San Diego Public Facilities Financing Authority, Series A (RB)
	95,000	5.00%, 05/15/26 (c)		117,319
	135,000	5.00%, 05/15/26 (c)		167,925
	185,000	San Diego Public Facilities Financing Authority, Series B (RB) 5.00%, 08/01/26		231,505
		San Diego Regional Building Authority, Series A (RB)
	555,000	5.00%, 10/15/25 (c)		667,099
	325,000	5.00%, 10/15/25 (c)		389,980
	510,000	San Diego Unified School District, Series F (GO) 5.00%, 07/01/25 (c)		608,144
		San Diego Unified School District, Series I (GO)
	115,000	0.00%, 07/01/25 (c) ^		67,184
	220,000	0.00%, 07/01/25 (c) ^		134,587
	650,000	5.00%, 07/01/27 (c)		812,961

Principal Amount			Value
California: (continued)
		San Diego Unified School District, Series R-4 (GO)
$	40,000	5.00%, 07/01/25 (c)	$	48,253
	100,000	5.00%, 07/01/25		121,365
		San Diego Unified School District, Series R-5 (GO)
	20,000	4.00%, 07/01/26 (c)		23,333
	520,000	5.00%, 07/01/26 (c)		642,616
	50,000	5.00%, 07/01/26		62,332
	575,000	San Diego Unified School District, Series SR-1 (GO) 4.00%, 07/01/26 (c)		657,754
	100,000	San Francisco Bay Area Rapid Transit District, Series A (RB) 5.00%, 07/01/25		121,733
	210,000	San Francisco Bay Area Rapid Transit District, Series D (GO) 5.00%, 08/01/25 (c)		254,564
		San Francisco Community College District (GO)
	120,000	5.00%, 06/15/25 (c)		143,357
	665,000	5.00%, 06/15/25 (c)		798,419
	140,000	5.00%, 06/15/25		170,120
		San Francisco County Transportation Authority (RB)
	1,100,000	3.00%, 02/01/27 (c)		1,153,933
	500,000	3.00%, 02/01/27 (c)		523,820
	135,000	3.00%, 02/01/27 (c)		144,148
	325,000	4.00%, 02/01/27 (c)		387,627
		San Francisco Unified School District, Proposition A (GO)
	500,000	3.00%, 06/15/24 (c)		527,370
	445,000	3.25%, 06/15/24 (c)		466,235
	165,000	San Joaquin County Transportation Authority (RB) 5.00%, 03/01/27 (c)		204,989
		San Joaquin County, Administration Building Project (CP) (AGM)
	520,000	5.00%, 11/15/27 (c)		656,781
	500,000	5.00%, 11/15/27 (c)		635,520
	25,000	San Joaquin Delta Community College District, Series A (GO) 5.00%, 08/01/25 (c)		30,259
	25,000	San Jose Evergreen Community College District, Series A (GO) 5.00%, 09/01/24 (c)		29,631
	230,000	San Jose Redevelopment Agency, Series A (TA) 5.00%, 08/01/27 (c)		286,552
		San Marcos Unified School District (GO)
	400,000	4.00%, 08/01/27 (c)		459,376
	350,000	5.00%, 08/01/27 (c)		435,480
	515,000	5.00%, 08/01/27 (c)		650,471
	360,000	5.00%, 08/01/27 (c)		452,372
	300,000	San Mateo County Transit District, Series A (RB) 5.00%, 06/01/25 (c)		359,628

Principal Amount			Value
California: (continued)
$	20,000	San Mateo Joint Powers Financing Authority, Maple Street Correctional Center, Series A (RB) 5.00%, 06/15/24 (c)	$	23,493
	670,000	San Mateo Union High School District, Series C (GO) 4.00%, 09/01/26 (c)		759,244
		Santa Clara County Financing Authority, Multiple Facilities Projects, Series Q (RB)
	1,000,000	4.00%, 05/15/25 (c)		1,116,970
	760,000	4.00%, 05/15/25 (c)		850,455
		Santa Clara Unified School District (GO)
	1,715,000	3.00%, 07/01/26 (c)		1,798,057
	100,000	3.00%, 07/01/26 (c)		105,524
	25,000	Santa Clara Valley Water District, Series A (RB) 5.00%, 12/01/25 (c)		30,499
	500,000	Sequoia Union High School District (GO) 3.00%, 07/01/26 (c)		541,855
	20,000	Southern California Public Power Authority, APEX Power Project, Series A (RB) 5.00%, 07/01/21 (c)		21,291
		State of California (GO)
	120,000	4.00%, 09/01/26 (c)		137,772
	1,535,000	5.00%, 03/01/25 (c)		1,818,791
	470,000	State of California, Department of Water Resources, Central Valley Project, Series AS (RB) 5.00%, 12/01/24 (c)		561,537
		State of California, Department of Water Resources, Central Valley Project, Series AW (RB)
	275,000	5.00%, 12/01/26 (c)		340,698
	50,000	5.00%, 12/01/26 (c)		62,225
		State of California, Department of Water Resources, Central Valley Project, Series AX (RB)
	100,000	5.00%, 12/01/27 (c)		127,247
	915,000	5.00%, 12/01/27 (c)		1,167,833
	350,000	State of California, Department of Water Resources, Central Valley Project, Series BA (RB) (AGM) 5.00%, 06/01/29 (c)		457,401
	100,000	State of California, Series CL (GO) 3.75%, 12/01/24 (c)		106,953
		State of California, Various Purpose (GO)
	645,000	3.00%, 09/01/26 (c)		677,650
	1,575,000	3.13%, 04/01/29 (c)		1,681,092
	430,000	3.50%, 08/01/27		496,740
	105,000	4.00%, 02/01/25 (c)		116,453
	700,000	4.00%, 08/01/26 (c)		796,082
	130,000	4.00%, 08/01/26 (c)		147,117
	545,000	4.00%, 09/01/26		641,410
	645,000	4.00%, 09/01/26 (c)		737,654

Principal Amount			Value
California: (continued)
$	1,000,000	4.00%, 09/01/26 (c)	$	1,162,600
	650,000	4.00%, 09/01/26 (c)		743,372
	1,810,000	4.00%, 09/01/26 (c)		2,078,061
	250,000	4.00%, 09/01/26 (c)		284,673
	950,000	4.00%, 09/01/26 (c)		1,090,695
	100,000	4.00%, 11/01/27 (c)		116,962
	1,050,000	5.00%, 09/01/21 (c)		1,122,817
	355,000	5.00%, 09/01/21 (c)		379,885
	140,000	5.00%, 09/01/21 (c)		149,709
	390,000	5.00%, 09/01/21 (c)		417,117
	115,000	5.00%, 09/01/21 (c)		123,040
	1,065,000	5.00%, 09/01/23 (c)		1,218,605
	500,000	5.00%, 04/01/24 (c)		578,540
	265,000	5.00%, 08/01/24 (c)		310,747
	260,000	5.00%, 08/01/24 (c)		303,839
	710,000	5.00%, 10/01/24 (c)		839,547
	965,000	5.00%, 10/01/24 (c)		1,139,559
	200,000	5.00%, 10/01/24 (c)		236,074
	1,000,000	5.00%, 10/01/24 (c)		1,180,890
	25,000	5.00%, 10/01/24 (c)		29,549
	255,000	5.00%, 10/01/24 (c)		299,796
	205,000	5.00%, 10/01/24 (c)		242,298
	775,000	5.00%, 10/01/24 (c)		909,935
	1,105,000	5.00%, 10/01/24 (c)		1,306,618
	950,000	5.00%, 02/01/25 (c)		1,128,400
	20,000	5.00%, 02/01/25 (c)		23,823
	25,000	5.00%, 02/01/25 (c)		29,793
	250,000	5.00%, 02/01/25 (c)		296,110
	630,000	5.00%, 02/01/25 (c)		744,446
	1,000,000	5.00%, 02/01/25 (c)		1,190,020
	1,040,000	5.00%, 02/01/25 (c)		1,236,456
	890,000	5.00%, 03/01/25 (c)		1,064,137
	1,140,000	5.00%, 03/01/25 (c)		1,363,052
	1,050,000	5.00%, 03/01/25 (c)		1,254,246
	450,000	5.00%, 03/01/25 (c)		537,021
	400,000	5.00%, 03/01/25 (c)		475,084
	185,000	5.00%, 08/01/25 (c)		223,800
	1,660,000	5.00%, 08/01/25 (c)		2,003,039
	1,715,000	5.00%, 08/01/25 (c)		2,048,413
	1,425,000	5.00%, 08/01/25 (c)		1,712,479
	195,000	5.00%, 08/01/25		236,260
	1,035,000	5.00%, 08/01/25 (c)		1,250,156
	420,000	5.00%, 09/01/25 (c)		509,263
	25,000	5.00%, 09/01/25		30,360
	1,305,000	5.00%, 09/01/25 (c)		1,579,898
	30,000	5.00%, 09/01/25 (c)		36,357
	115,000	5.00%, 09/01/25		139,657
	1,300,000	5.00%, 09/01/25 (c)		1,565,733
	135,000	5.00%, 10/01/25		164,326
	750,000	5.00%, 04/01/26 (c)		910,800
	190,000	5.00%, 08/01/26 (c)		229,281
	600,000	5.00%, 08/01/26 (c)		728,448
	115,000	5.00%, 08/01/26 (c)		138,639
	150,000	5.00%, 08/01/26 (c)		184,605
	865,000	5.00%, 08/01/26		1,072,297
	1,535,000	5.00%, 08/01/26 (c)		1,881,710
	1,490,000	5.00%, 08/01/26 (c)		1,838,317
	955,000	5.00%, 08/01/26 (c)		1,170,706
	165,000	5.00%, 08/01/26 (c)		199,932

Principal Amount			Value
California: (continued)
$	510,000	5.00%, 08/01/26 (c)	$	622,496
	390,000	5.00%, 09/01/26 (c)		473,464
	1,000,000	5.00%, 09/01/26		1,242,050
	1,000,000	5.00%, 09/01/26 (c)		1,228,090
	475,000	5.00%, 09/01/26		589,974
	2,000,000	5.00%, 09/01/26 (c)		2,456,180
	250,000	5.00%, 09/01/26 (c)		305,680
	835,000	5.00%, 09/01/26 (c)		1,018,282
	15,000	5.00%, 09/01/26		18,631
	3,000,000	5.00%, 09/01/26 (c)		3,626,760
	500,000	5.00%, 09/01/26 (c)		616,190
	150,000	5.00%, 09/01/26 (c)		184,857
	320,000	5.00%, 09/01/26 (c)		390,240
	2,500,000	5.00%, 09/01/26 (c)		3,040,775
	4,555,000	5.00%, 04/01/27		5,719,668
	2,070,000	5.00%, 08/01/27 (c)		2,609,463
	1,920,000	5.00%, 08/01/27 (c)		2,409,638
	950,000	5.00%, 08/01/27 (c)		1,186,474
	1,000,000	5.00%, 11/01/27 (c)		1,261,250
	2,480,000	5.00%, 11/01/27 (c)		3,143,350
	2,645,000	5.00%, 11/01/27 (c)		3,310,535
	1,020,000	5.00%, 11/01/27 (c)		1,280,008
	710,000	5.00%, 04/01/28		909,183
	450,000	5.00%, 08/01/28		580,216
	1,445,000	5.00%, 08/01/28 (c)		1,815,642
	150,000	5.00%, 04/01/29 (c)		193,197
	3,500,000	5.00%, 04/01/29 (c)		4,471,005
	1,000,000	5.00%, 10/01/29		1,315,680
	3,000,000	5.00%, 10/01/29 (c)		3,913,200
	2,590,000	5.00%, 04/01/30		3,429,005
	380,000	5.00%, 04/01/31		509,690
	3,500,000	5.00%, 04/01/32		4,750,585
	250,000	5.25%, 08/01/25 (c)		304,340
	425,000	5.25%, 08/01/25 (c)		514,760
		Stockton Unified School District (GO)
	100,000	5.00%, 02/01/26 (c)		119,072
	100,000	5.00%, 02/01/26 (c)		120,306
	335,000	Successor Agency to the Redevelopment Agency of the City of San Diego, Series A (TA) 5.00%, 09/01/25 (c)		409,149
		Trustees of the California State University, Series A (RB)
	250,000	4.00%, 05/01/26 (c)		294,685
	410,000	5.00%, 05/01/26 (c)		505,460
	750,000	5.00%, 05/01/26 (c)		915,915
	830,000	5.00%, 05/01/26 (c)		1,027,374
		Tuolumne Wind Project Authority, Series A (RB)
	250,000	5.00%, 01/01/27 (c)		315,915
	125,000	5.00%, 01/01/27		158,511
		University of California, Series AO (RB)
	20,000	5.00%, 05/15/25 (c)		23,923
	100,000	5.00%, 05/15/25 (c)		119,908
	130,000	5.00%, 05/15/25 (c)		157,040
	10,000	University of California, Series AR (RB) 5.00%, 05/15/26 (c)		12,245
	200,000	University of California, Series AY (RB) 5.00%, 05/15/27 (c)		252,486

Principal Amount			Value
California: (continued)
		University of California, Series AZ (RB)
$	310,000	5.00%, 05/15/28 (c)	$	395,424
	275,000	5.00%, 05/15/28 (c)		358,113
		University of California, Series I (RB)
	1,395,000	5.00%, 05/15/25 (c)		1,669,424
	335,000	5.00%, 05/15/25 (c)		405,879
	170,000	University of California, Series O (RB) 5.00%, 05/15/28 (c)		213,362
	180,000	Walnut Energy Center Authority, Series A (RB) 5.00%, 07/01/24 (c)		208,705
		West Basin Municipal Water District, Series A (RB)
	155,000	5.00%, 02/01/26 (c)		190,720
	100,000	5.00%, 02/01/26 (c)		123,264
	20,000	West Contra Costa Unified School District, Series A (GO) 5.00%, 08/01/25 (c)		23,862
	500,000	Yosemite Community College District (GO) 5.00%, 08/01/25 (c)		601,790
				292,728,925
Colorado: 1.6%
	250,000	Adams 12 Five Star Schools, Series B (GO) 5.00%, 12/15/26 (c)		310,548
	540,000	Adams and Arapahoe Joint School District No. 28J, Series A (GO) (SAW) 5.00%, 12/01/26 (c)		664,627
		Adams and Weld Counties, School District No. 27J (GO) (SAW)
	365,000	4.00%, 12/01/25 (c)		411,837
	160,000	5.00%, 12/01/25 (c)		190,488
		Board of Governors of Colorado State University System (RB)
	935,000	5.00%, 03/01/28 (c)		1,168,254
	510,000	5.00%, 03/01/28 (c)		645,170
	1,050,000	Boulder Valley School District No. RE-2, Series B (GO) (SAW) 4.00%, 06/01/27 (c)		1,241,404
	150,000	City and County of Denver, Series A (RB) 5.00%, 08/01/26 (c)		183,981
	200,000	City and County of Denver, Series A-2 (RB) 0.00%, 08/01/26 (c) ^		125,926
		City of Aurora, Water Revenue, First Lien (RB)
	115,000	5.00%, 08/01/26 (c)		139,947
	490,000	5.00%, 08/01/26 (c)		597,820
		City of Colorado Springs, Utilities System, Series A-1 (RB)
	100,000	5.00%, 11/15/27 (c)		125,004
	120,000	5.00%, 11/15/27 (c)		150,403
	110,000	5.00%, 11/15/27 (c)		138,555

Principal Amount			Value
Colorado: (continued)
$	1,000,000	Colorado Health Facilities Authority, AdventHealth Obligated Group, Series B (RB) 5.00%, 11/19/26 (p)	$	1,227,120
	545,000	Colorado Health Facilities Authority, Adventist Health System, Series B (RB) 5.00%, 05/15/26 (c)		654,888
	2,245,000	Colorado Health Facilities Authority, Adventist Health System, Series C (RB) 5.00%, 11/15/26 (p)		2,754,256
	1,000,000	Colorado Health Facilities Authority, CommonSpirit Health, Series A-1 (RB) 5.00%, 08/01/29 (c)		1,235,180
	2,000,000	Colorado Health Facilities Authority, CommonSpirit Health, Series B-2 (RB) 5.00%, 02/01/26 (c) (p)		2,362,900
		Colorado Health Facilities Authority, NCMC, Inc. Project (RB)
	270,000	3.25%, 05/15/26 (c)		299,465
	160,000	4.00%, 05/15/26 (c)		185,118
	115,000	Colorado Higher Education, Series A (CP) 5.00%, 11/01/26		141,912
	295,000	Denver City and County School District No. 1 (GO) 5.00%, 12/01/25		359,699
		Garfield Pitkin and Eagle Counties School District No. Re-1 (GO)
	565,000	5.00%, 12/15/25 (c)		681,729
	975,000	5.00%, 12/15/25 (c)		1,178,502
	1,110,000	Jefferson County School District R-1 (GO) 5.00%, 12/15/28 (c)		1,426,095
		Mesa County Valley School District No. 51 (GO) (SAW)
	500,000	5.00%, 12/01/27 (c)		625,550
	500,000	5.00%, 12/01/27 (c)		629,470
		Park Creek Metropolitan District, Series A (RB)
	105,000	5.00%, 12/01/25 (c)		121,822
	560,000	5.00%, 12/01/25 (c)		653,447
	250,000	5.00%, 12/01/25 (c)		292,328
	980,000	Regents of the University of Colorado, Series A (RB) 5.00%, 06/01/25 (c)		1,165,877
	800,000	Regents of the University of Colorado, Series B (RB) 4.00%, 06/01/24 (c)		895,392
		Regents of the University of Colorado, Series B-1 (RB)
	600,000	2.75%, 06/01/26 (c)		631,518
	1,000,000	4.00%, 06/01/26 (c)		1,126,470
	540,000	4.00%, 06/01/26 (c)		609,574

Principal Amount			Value
Colorado: (continued)
		Regional Transportation District, Series B (RB)
$	100,000	5.00%, 11/01/27 (c)	$	124,331
	100,000	5.00%, 11/01/27 (c)		124,699
	410,000	State of Colorado, Series K (CP) 5.00%, 03/15/27 (c)		502,156
	190,000	State of Colorado, Series M (CP) 5.00%, 03/15/28 (c)		238,954
		University of Colorado, Series A-2 (RB)
	800,000	3.00%, 06/01/24 (c)		823,072
	500,000	4.00%, 06/01/28 (c)		575,740
	450,000	5.00%, 06/01/26		553,117
	250,000	5.00%, 06/01/27		314,273
	25,000	University of Colorado, Series B (RB) 5.00%, 06/01/24 (c)		29,162
		University of Colorado, Series B-1 (RB)
	860,000	2.25%, 06/01/26 (c)		888,784
	30,000	5.00%, 06/01/25		36,052
				29,562,616
Connecticut: 2.5%
	160,000	City of Hartford, Series C (GO) (AGM) 4.00%, 07/15/25 (c)		175,741
		Connecticut Housing Finance Authority, Series A-1 (RB)
	260,000	2.88%, 05/15/25 (c)		268,923
	2,000,000	3.65%, 11/15/26 (c)		2,140,000
	200,000	3.88%, 11/15/26 (c)		215,116
	500,000	Connecticut Housing Finance Authority, Series D-1 (RB) 3.20%, 11/15/26 (c)		522,245
	200,000	Connecticut Housing Finance Authority, Series F-1 (RB) 3.05%, 05/15/26 (c)		208,662
	250,000	Connecticut State Health and Educational Facilities Authority, Masonicare Issue, Series F (RB) 4.00%, 07/01/26 (c)		265,043
	2,200,000	Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB) 5.00%, 07/01/29 (c)		2,731,256
	20,000	Connecticut State Health and Educational Facilities Authority, Series A (RB) 5.00%, 07/01/24 (c)		23,342
	140,000	Connecticut State Health and Educational Facilities Authority, Trinity Health Credit Group (RB) 3.13%, 06/01/26 (c)		144,838
	1,195,000	Connecticut State Health and Educational Facilities Authority, Yale University Issue, Series A-2 (RB) 2.00%, 07/01/26 (p)		1,237,255
	305,000	Connecticut State, Special Tax Revenue, Transportation Infrastructure Purposes, Series A (RB) 5.00%, 09/01/24 (c)		351,973

Principal Amount			Value
Connecticut: (continued)
		South Central Connecticut Regional Water Authority, Series B (RB)
$	310,000	4.00%, 08/01/26 (c)	$	346,906
	500,000	4.00%, 08/01/26 (c)		560,790
	25,000	5.00%, 08/01/26 (c)		30,521
		State of Connecticut, Series A (GO)
	100,000	3.25%, 03/15/25 (c)		104,384
	230,000	3.25%, 03/15/26 (c)		237,544
	680,000	5.00%, 03/15/25 (c)		785,312
	755,000	5.00%, 03/15/25 (c)		885,094
	110,000	5.00%, 03/15/26 (c)		129,580
	780,000	5.00%, 03/15/26 (c)		933,707
	1,400,000	5.00%, 04/15/26		1,686,902
	680,000	5.00%, 04/15/27 (c)		828,512
		State of Connecticut, Series B (GO)
	30,000	4.00%, 11/15/24 (c)		32,779
	290,000	5.00%, 06/15/25 (c)		336,731
	625,000	5.00%, 06/15/25 (c)		733,806
	575,000	5.00%, 06/15/25 (c)		677,885
	150,000	5.00%, 11/15/25		179,324
	585,000	5.00%, 05/15/26		706,124
	785,000	5.00%, 04/15/27		964,098
	100,000	5.00%, 04/15/27		122,815
	705,000	State of Connecticut, Series C (GO) 4.00%, 06/15/28 (c)		794,697
	1,310,000	State of Connecticut, Series D (GO) 4.00%, 08/15/26 (c)		1,462,549
		State of Connecticut, Series E (GO)
	395,000	3.00%, 10/15/26 (c)		404,156
	585,000	4.00%, 09/01/24 (c)		636,217
	500,000	4.00%, 09/01/24 (c)		550,755
	100,000	5.00%, 08/01/25 (c)		117,742
	400,000	5.00%, 09/15/27		495,232
	1,000,000	5.00%, 09/15/28 (c)		1,246,090
		State of Connecticut, Series F (GO)
	335,000	3.25%, 11/15/25 (c)		353,217
	770,000	5.00%, 11/15/24 (c)		895,017
	420,000	5.00%, 11/15/25 (c)		493,013
	290,000	5.00%, 11/15/25 (c)		345,025
	400,000	5.00%, 11/15/25 (c)		472,656
	655,000	5.00%, 11/15/25		783,046
		State of Connecticut, Special Tax Obligation, Series A (RB)
	785,000	4.00%, 09/01/26 (c)		865,180
	320,000	5.00%, 09/01/24 (c)		367,386
	150,000	5.00%, 09/01/24 (c)		171,644
	470,000	5.00%, 09/01/24 (c)		547,949
	295,000	5.00%, 09/01/24 (c)		342,964
	220,000	5.00%, 09/01/24 (c)		255,105
	255,000	5.00%, 08/01/25 (c)		299,436
	590,000	5.00%, 08/01/25 (c)		691,144
	795,000	5.00%, 08/01/25 (c)		927,662
	55,000	5.00%, 08/01/25 (c)		65,490
	440,000	5.00%, 08/01/25		526,077
	335,000	5.00%, 08/01/25 (c)		396,201
	225,000	5.00%, 08/01/25 (c)		266,814
	100,000	5.00%, 09/01/25		119,821
	200,000	5.00%, 09/01/26 (c)		238,492
	10,000	5.00%, 09/01/26		12,223

Principal Amount			Value
Connecticut: (continued)
$	475,000	5.00%, 09/01/26 (c)	$	568,589
	190,000	5.00%, 01/01/28 (c)		231,278
		State of Connecticut, Special Tax Obligation, Series B (RB)
	335,000	5.00%, 09/01/26 (c)		406,774
	100,000	5.00%, 09/01/26 (c)		121,797
	470,000	5.00%, 10/01/26		575,482
	1,025,000	5.00%, 10/01/28		1,292,894
	135,000	State of Connecticut, Special Tax Obligation, Series C (RB) 5.00%, 10/01/26		165,298
		State of Connecticut, State Revolving Fund, Series A (RB)
	125,000	3.13%, 03/01/25 (c)		131,865
	1,000,000	5.00%, 05/01/27 (c)		1,231,280
	275,000	5.00%, 02/01/29 (c)		349,684
		University of Connecticut, Series A (RB)
	210,000	3.00%, 03/15/26 (c)		214,826
	200,000	5.00%, 02/15/25 (c)		231,092
	860,000	5.00%, 02/15/25 (c)		1,001,556
	100,000	5.00%, 02/15/25 (c)		116,182
	770,000	5.00%, 01/15/26		925,894
	265,000	5.00%, 03/15/26 (c)		313,561
	280,000	5.00%, 03/15/26 (c)		335,647
	435,000	5.00%, 03/15/26 (c)		519,747
	380,000	5.00%, 03/15/26 (c)		452,189
	745,000	5.00%, 01/15/27 (c)		903,454
	335,000	5.00%, 01/15/27 (c)		409,229
	1,060,000	5.00%, 01/15/27		1,298,574
	500,000	5.00%, 11/01/28 (c)		613,810
	500,000	5.00%, 11/01/28 (c)		617,610
				46,738,520
Delaware: 0.3%
	180,000	Delaware State Health Facilities Authority, Bayhealth Medical Center Project, Series A (RB) 3.00%, 07/01/27 (c)		188,933
		Delaware Transportation Authority (RB)
	30,000	4.00%, 07/01/25		34,448
	20,000	5.00%, 07/01/25		24,151
	220,000	5.00%, 07/01/26 (c)		271,212
		State of Delaware (GO)
	505,000	3.13%, 03/01/27 (c)		540,168
	500,000	4.00%, 03/01/27 (c)		582,955
	1,000,000	5.00%, 03/01/26		1,230,870
		State of Delaware, Series A (GO)
	545,000	2.13%, 03/01/26 (c)		567,476
	500,000	5.00%, 02/01/28 (c)		637,180
	500,000	5.00%, 02/01/28		642,955
	810,000	5.00%, 10/01/28		1,056,580
				5,776,928
District of Columbia: 1.2%
	130,000	District of Columbia, Children’s Hospital Obligated Group (RB) 5.00%, 01/15/26 (c)		153,303

Principal Amount			Value
District of Columbia: (continued)
		District of Columbia, Georgetown University Issue (RB)
$	645,000	5.00%, 04/01/27 (c)	$	787,668
	105,000	5.00%, 04/01/27 (c)		129,313
		District of Columbia, Series A (GO)
	30,000	5.00%, 06/01/25		36,124
	420,000	5.00%, 06/01/25 (c)		496,222
	20,000	5.00%, 12/01/25		24,413
	10,000	5.00%, 06/01/26		12,341
	290,000	5.00%, 06/01/26 (c)		349,261
	210,000	5.00%, 06/01/26 (c)		256,055
	30,000	5.00%, 06/01/26 (c)		36,404
	250,000	5.00%, 06/01/26 (c)		301,708
	580,000	5.00%, 06/01/27 (c)		710,796
	170,000	5.00%, 06/01/27 (c)		208,823
	750,000	5.00%, 06/01/28 (c)		933,825
		District of Columbia, Series C (GO)
	1,025,000	5.00%, 06/01/24 (c)		1,184,767
	280,000	5.00%, 06/01/24 (c)		324,584
		District of Columbia, Series D (GO)
	500,000	4.00%, 06/01/27 (c)		571,035
	100,000	5.00%, 06/01/24 (c)		116,503
	20,000	5.00%, 12/01/26 (c)		24,497
	160,000	5.00%, 12/01/26 (c)		197,621
	1,500,000	5.00%, 06/01/27 (c)		1,877,880
	500,000	5.00%, 06/01/27 (c)		614,185
	25,000	District of Columbia, Series E (GO) 5.00%, 12/01/26 (c)		30,621
	195,000	District of Columbia, Water and Sewer Authority, Subordinated Lien, Series A (RB) 5.00%, 04/01/26 (c)		233,721
		District of Columbia, Water and Sewer Authority, Subordinated Lien, Series B (RB)
	1,000,000	5.00%, 10/01/25 (c)		1,189,650
	1,010,000	5.00%, 10/01/25 (c)		1,217,878
	1,030,000	5.00%, 04/01/26 (c)		1,238,946
	100,000	5.00%, 04/01/26 (c)		120,588
		District of Columbia, Water and Sewer Authority, Subordinated Lien, Series C (RB)
	100,000	5.00%, 10/01/24 (c)		117,047
	200,000	5.00%, 10/01/24 (c)		235,238
	1,000,000	Metropolitan Washington Airports Authority, Airport System, Series A (RB) 5.00%, 10/01/28 (c)		1,232,580
		Washington Metropolitan Area Transit Authority, Series A-1 (RB)
	140,000	5.00%, 07/01/27 (c)		173,195
	330,000	5.00%, 07/01/27		414,774
		Washington Metropolitan Area Transit Authority, Series A-2 (RB)
	810,000	5.00%, 07/01/27 (c)		990,994
	550,000	5.00%, 07/01/27 (c)		675,191
	300,000	5.00%, 07/01/27 (c)		369,603

Principal Amount			Value
District of Columbia: (continued)
		Washington Metropolitan Area Transit Authority, Series B (RB)
$	1,070,000	5.00%, 07/01/27 (c)	$	1,313,553
	1,000,000	5.00%, 07/01/27 (c)		1,223,450
	650,000	5.00%, 07/01/27 (c)		804,121
	240,000	5.00%, 07/01/27		301,654
	555,000	5.00%, 07/01/27 (c)		688,866
				21,918,998
Florida: 4.3%
	10,000	Brevard County School District, Series C (CP) 5.00%, 07/01/25 (c)		11,722
	520,000	Central Florida Expressway Authority (RB) 3.00%, 07/01/27 (c)		543,327
	1,055,000	Central Florida Expressway Authority, Series A (RB) 3.00%, 07/01/26 (c)		1,101,030
		Central Florida Expressway Authority, Series B (RB)
	30,000	5.00%, 07/01/25		35,972
	115,000	5.00%, 07/01/26		140,475
	175,000	City of Cape Coral, Water and Sewer (RB) 5.00%, 10/01/27 (c)		216,307
		City of Gainesville, Utilities System, Series A (RB)
	200,000	5.00%, 10/01/26		247,694
	500,000	5.00%, 10/01/27 (c)		617,665
	195,000	5.00%, 10/01/27 (c)		241,925
	515,000	City of Jacksonville (RB) 5.00%, 10/01/24 (c)		595,067
		City of Jacksonville, Series A (RB)
	1,000,000	5.00%, 10/01/29 (c)		1,265,900
	1,000,000	5.00%, 10/01/29 (c)		1,272,460
	585,000	City of Jacksonville, Series B (RB) 5.00%, 10/01/27		732,256
		City of Jacksonville, Transportation Revenue (RB)
	100,000	3.00%, 10/01/25 (c)		104,092
	310,000	3.00%, 10/01/25 (c)		323,063
	450,000	3.25%, 10/01/25 (c)		470,169
	785,000	5.00%, 10/01/24 (c)		907,107
	210,000	5.00%, 10/01/25 (c)		249,568
	295,000	City of Lakeland, Department of Electric Utilities (RB) 5.00%, 04/01/26 (c)		358,859
	540,000	City of Lakeland, Lakeland Regional Health System (RB) 5.00%, 11/15/26 (c)		650,581
		City of Port St. Lucie, Utility System Revenue (RB)
	500,000	4.00%, 09/01/26 (c)		563,885
	585,000	5.00%, 09/01/26 (c)		711,225
	680,000	City of Tallahassee, Energy System Revenue (RB) 5.00%, 10/01/23 (c)		770,365

Principal Amount			Value
Florida: (continued)
$	100,000	County of Lee, Florida Transportation Facilities (RB) (AGM) 5.00%, 10/01/24 (c)	$	116,892
		County of Miami-Dade (RB)
	565,000	0.00%, 10/01/26 (c) ^		400,314
	400,000	0.00%, 10/01/26 (c) ^		269,260
	275,000	5.00%, 10/01/26		337,123
	510,000	5.00%, 10/01/26 (c)		621,466
	115,000	5.00%, 10/01/26 (c)		137,856
		County of Miami-Dade, Aviation Revenue, Series A (RB)
	750,000	5.00%, 10/01/26 (c)		900,307
	1,060,000	5.00%, 10/01/26 (c)		1,292,490
	290,000	County of Miami-Dade, Aviation Revenue, Series B (RB) 5.00%, 10/01/24 (c)		341,095
		County of Miami-Dade, Building Better Communities Program, Series A (GO)
	200,000	5.00%, 07/01/25		240,658
	100,000	5.00%, 07/01/25 (c)		118,822
	55,000	5.00%, 07/01/25		66,181
	280,000	5.00%, 07/01/26 (c)		337,070
	500,000	5.00%, 07/01/26 (c)		600,095
	1,000,000	5.00%, 07/01/26 (c)		1,214,900
	100,000	5.00%, 07/01/26 (c)		122,920
	575,000	5.00%, 07/01/26 (c)		704,214
		County of Miami-Dade, Building Better Communities Program, Series B (GO)
	485,000	3.00%, 07/01/24 (c)		505,671
	555,000	4.00%, 07/01/24 (c)		608,108
	125,000	4.00%, 07/01/24 (c)		136,709
	275,000	5.00%, 07/01/24 (c)		320,744
		County of Miami-Dade, Capital Asset Acquisition, Series B (RB)
	710,000	5.00%, 04/01/26 (c)		857,218
	1,000,000	5.00%, 04/01/26 (c)		1,211,400
	1,000,000	County of Miami-Dade, Educational Facilities Authority, Series A (RB) 5.00%, 04/01/25 (c)		1,163,770
		County of Miami-Dade, Expressway Authority Toll System, Series A (RB)
	25,000	5.00%, 07/01/26 (c)		29,391
	105,000	5.00%, 07/01/26 (c)		125,248
		County of Miami-Dade, Expressway Authority Toll System, Series B (RB)
	130,000	5.00%, 07/01/24 (c)		149,275
	275,000	5.00%, 07/01/24 (c)		317,111
	250,000	County of Miami-Dade, Florida Transit System (RB) 4.00%, 07/01/26 (c)		278,443
	1,000,000	County of Miami-Dade, Public Health Trust Program, Series A (GO) 3.38%, 07/01/28 (c)		1,075,520
		County of Miami-Dade, Water and Sewer System (RB)
	250,000	5.00%, 10/01/25 (c)		301,770
	270,000	5.00%, 10/01/25		326,765
	1,000,000	5.00%, 10/01/27 (c)		1,260,930

Principal Amount			Value
Florida: (continued)
		County of Miami-Dade, Water and Sewer System, Series B (RB)
$	370,000	3.00%, 10/01/27 (c)	$	379,590
	605,000	5.00%, 10/01/25 (c)		713,362
	125,000	Florida Department of Environmental Protection, Series A (RB) 5.00%, 07/01/27		156,905
		Florida Department of Management Services, Series A (CP)
	105,000	5.00%, 08/01/25		126,505
	1,025,000	5.00%, 09/01/27 (c)		1,291,018
	500,000	Florida Higher Educational Facilities Financial Authority, Nova Southeastern University Project (RB) 5.00%, 04/01/26 (c)		578,495
	455,000	Florida Housing Finance Corp., Series 1 (RB) 3.25%, 01/01/27 (c)		482,150
		Florida Municipal Power Agency, All-Requirements Power Supply, Series A (RB)
	635,000	3.00%, 10/01/26 (c)		671,728
	125,000	5.00%, 10/01/26 (c)		151,270
	195,000	5.00%, 10/01/26 (c)		237,619
	470,000	5.00%, 10/01/27		587,909
	145,000	Florida Municipal Power Agency, All-Requirements Power Supply, Series B (RB) 5.00%, 10/01/25 (c)		174,296
	680,000	Florida State Board of Education, Public Education Capital Outlay, Series B (GO) 3.00%, 06/01/24 (c)		721,738
	640,000	Florida State Board of Education, Public Education Capital Outlay, Series C (GO) 3.00%, 06/01/24 (c)		669,466
	1,000,000	Florida State Department of Transportation, Turnpike Enterprise, Series A (RB) 5.00%, 07/01/25 (c)		1,202,690
		Florida’s Turnpike Enterprise, Series B (RB)
	265,000	5.00%, 07/01/25 (c)		316,794
	110,000	5.00%, 07/01/25 (c)		132,296
	740,000	Florida’s Turnpike Enterprise, Series C (RB) 5.00%, 07/01/26 (c)		899,004
	995,000	Halifax Hospital Medical Center (RB) 3.38%, 06/01/26 (c)		1,039,287
		Hernando County School District, Series A (CP) (AGM)
	245,000	3.00%, 07/01/26 (c)		253,898
	450,000	3.00%, 07/01/26 (c)		467,527
	450,000	3.00%, 07/01/26 (c)		467,937
		JEA Electric System, Series B (RB)
	175,000	3.38%, 10/01/22 (c)		178,012
	695,000	5.00%, 10/01/27 (c)		843,355

Principal Amount			Value
Florida: (continued)
		JEA Electric System, Series Three B (RB)
$	850,000	5.00%, 10/01/27 (c)	$	1,047,922
	610,000	5.00%, 10/01/27 (c)		754,265
	350,000	5.00%, 10/01/27		431,956
	15,000	JEA Water and Sewer System, Series A (RB) 5.00%, 04/01/24 (c)		17,461
	1,750,000	Lee Memorial Health System, Series A-1 (RB) 5.00%, 04/01/29 (c)		2,166,395
		Manatee County School District (RB) (AGM)
	290,000	5.00%, 10/01/26		360,453
	160,000	5.00%, 04/01/27 (c)		197,350
		Miami Beach Redevelopment Agency, City Center and Historical Convention Village, Series A (TA)
	815,000	5.00%, 02/01/24 (c)		924,870
	610,000	5.00%, 02/01/24 (c)		687,976
	755,000	5.00%, 02/01/24 (c)		859,666
	640,000	5.00%, 02/01/24 (c)		733,542
	145,000	5.00%, 02/01/24 (c)		165,422
	425,000	Miami Beach Redevelopment Agency, City Center and Historical Convention Village, Series B (TA) 5.00%, 02/01/24 (c)		481,682
	1,020,000	Orange County Health Facilities Authority (RB) 5.00%, 08/01/23 (c)		1,143,512
	410,000	Orange County School Board, Series C (CP) 5.00%, 08/01/26 (c)		492,459
	310,000	Orange County School Board, Series D (CP) 5.00%, 08/01/25 (c)		366,293
		Orange County, Tourist Development Tax (RB)
	150,000	5.00%, 10/01/26		185,547
	110,000	5.00%, 10/01/27		138,713
	420,000	5.00%, 10/01/30		557,239
	120,000	Orlando Utilities Commission, Series A (RB) 5.00%, 10/01/27 (c)		149,378
	10,000	Palm Beach County Health Facilities Authority, Act Retirement-Life Communities, Inc. (RB) 5.00%, 11/15/26 (c)		11,739
		Palm Beach County School Board, Series A (CP)
	125,000	5.00%, 08/01/26		154,138
	120,000	5.00%, 08/01/27		151,096
	110,000	Palm Beach County School Board, Series C (CP) 5.00%, 08/01/28 (c)		140,308
	175,000	Reedy Creek Improvement District, Series A (GO) 5.00%, 06/01/27 (c)		217,338

Principal Amount			Value
Florida: (continued)
$	200,000	School Board of Duval County, Series B (CP) 5.00%, 07/01/25 (c)	$	236,342
	125,000	School Board of Miami-Dade County (GO) 3.25%, 03/15/27 (c)		132,430
	720,000	School Board of Miami-Dade County, Series B (CP) (AGM) 5.00%, 05/01/25 (c)		852,336
		School Board of Miami-Dade County, Series C (CP)
	1,020,000	3.25%, 02/01/21 (c)		1,031,873
	265,000	3.25%, 02/01/21 (c)		268,252
		School Board of Miami-Dade County, Series D (CP)
	140,000	4.00%, 02/01/26 (c)		154,958
	265,000	5.00%, 11/01/24 (c)		307,556
	165,000	5.00%, 02/01/26		200,351
	250,000	5.00%, 02/01/26 (c)		300,615
	200,000	School District of Broward County, Series A (CP) 5.00%, 07/01/26 (c)		239,896
		South Broward Hospital District (RB)
	500,000	4.00%, 05/01/26 (c)		551,965
	435,000	5.00%, 05/01/26 (c)		522,618
		South Florida Water Management District (CP)
	400,000	3.00%, 04/01/26 (c)		419,364
	150,000	5.00%, 04/01/26 (c)		181,554
		South Miami Health Facilities Authority (RB)
	1,000,000	5.00%, 08/15/27 (c)		1,220,370
	710,000	5.00%, 08/15/27 (c)		879,399
		State of Florida, Board of Education, Lottery Revenue, Series A (RB)
	100,000	5.00%, 07/01/25		120,451
	255,000	5.00%, 07/01/26		314,945
	100,000	State of Florida, Board of Education, Lottery Revenue, Series B (RB) 5.00%, 07/01/26		123,508
		State of Florida, Board of Education, Public Education Capital Outlay, Series A (GO)
	825,000	2.70%, 06/01/24 (c)		864,146
	650,000	4.00%, 06/01/28 (c)		760,578
	525,000	5.00%, 06/01/24 (c)		613,935
	815,000	5.00%, 06/01/25 (c)		979,907
	795,000	5.00%, 06/01/28 (c)		1,006,176
		State of Florida, Board of Education, Public Education Capital Outlay, Series B (GO)
	10,000	3.00%, 06/01/24 (c)		10,656
	125,000	5.00%, 06/01/24 (c)		146,175
	1,000,000	5.00%, 06/01/27 (c)		1,255,180
		State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO)
	500,000	3.00%, 06/01/24 (c)		523,020
	250,000	3.00%, 06/01/24 (c)		263,233

Principal Amount			Value
Florida: (continued)
$	1,750,000	3.00%, 06/01/29 (c)	$	1,868,667
	725,000	4.00%, 06/01/26 (c)		830,096
	500,000	4.00%, 06/01/26 (c)		574,950
	1,500,000	4.00%, 06/01/27 (c)		1,743,855
	20,000	5.00%, 06/01/24 (c)		23,388
	585,000	5.00%, 06/01/27		735,398
	145,000	5.00%, 06/01/28 (c)		184,224
		State of Florida, Board of Education, Public Education Capital Outlay, Series D (GO)
	20,000	4.00%, 06/01/26		23,342
	10,000	5.00%, 06/01/26 (c)		12,252
		State of Florida, Board of Education, Public Education Capital Outlay, Series E (GO)
	1,070,000	2.38%, 06/01/26 (c)		1,093,058
	500,000	3.00%, 06/01/25 (c)		530,600
	200,000	4.00%, 06/01/25 (c)		224,528
		State of Florida, Board of Education, Public Education Capital Outlay, Series F (GO)
	35,000	5.00%, 06/01/25 (c)		42,124
	35,000	5.00%, 06/01/26 (c)		42,881
		State of Florida, Department of Transportation, Full Faith and Credit, Right-of-Way Acquisition and Bridge Construction, Series A (GO)
	600,000	3.00%, 07/01/27 (c)		631,218
	555,000	3.00%, 07/01/27 (c)		598,479
	40,000	5.00%, 07/01/26 (c)		49,397
	750,000	State of Florida, Department of Transportation, Full Faith and Credit, Right-of-Way Acquisition and Bridge Construction, Series B (GO) 5.00%, 07/01/28 (c)		964,042
	555,000	State of Florida, Department of Transportation, Turnpike Revenue, Series B (RB) 2.63%, 07/01/25 (c)		585,519
		Tampa Bay, Water Utility System, Series A (RB)
	110,000	4.00%, 10/01/25 (c)		125,761
	15,000	5.00%, 10/01/25		18,182
		Volusia County School Board, Master Lease Program, Series B (CP)
	280,000	5.00%, 08/01/24 (c)		324,971
	15,000	5.00%, 08/01/24 (c)		17,439
		West Palm Beach Community Redevelopment Agency, City Center Community Redevelopment Area (TA)
	680,000	5.00%, 03/01/29 (c)		851,802
	680,000	5.00%, 03/01/29 (c)		854,427
				81,332,410
Georgia: 1.7%
	420,000	Augusta, Water and Sewer Revenue (RB) 3.00%, 10/01/27 (c)		442,247

Principal Amount			Value
Georgia: (continued)
$	1,000,000	City of Atlanta, Airport Passenger Facility Charge (RB) 5.00%, 07/01/29 (c)	$	1,259,920
		City of Atlanta, Public Improvement (GO)
	630,000	4.50%, 12/01/24 (c)		727,681
	25,000	4.88%, 12/01/24 (c)		29,442
	330,000	5.00%, 12/01/24 (c)		388,549
		City of Atlanta, Water and Wastewater (RB)
	200,000	4.00%, 11/01/29 (c)		235,342
	580,000	5.00%, 05/01/25 (c)		681,819
	1,050,000	5.00%, 05/01/25 (c)		1,232,301
	125,000	5.00%, 05/01/25 (c)		149,119
	295,000	5.00%, 05/01/25 (c)		348,711
	30,000	5.00%, 05/01/25 (c)		35,395
	990,000	5.00%, 05/01/25 (c)		1,165,458
	1,040,000	City of Austin, Water and Wastewater System (RB) 5.00%, 05/01/25 (c)		1,234,428
	250,000	Clarke County Hospital Authority, Series A (RB) 5.00%, 07/01/26 (c)		300,398
	750,000	Cobb County Kennestone Hospital Authority, Series A (RB) 5.00%, 04/01/27 (c)		898,110
	25,000	County of Forsyth, Series B (GO) 5.00%, 03/01/25 (c)		29,849
		Forsyth County School District (GO)
	1,000,000	5.00%, 02/01/28 (c)		1,265,910
	1,000,000	5.00%, 02/01/28 (c)		1,278,190
		Gainesville and Hall County Hospital Authority, Northeast Georgia Health System, Series A (RB)
	225,000	5.00%, 02/15/27 (c)		264,400
	100,000	5.00%, 02/15/27 (c)		119,866
		Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB)
	925,000	2.90%, 12/01/25 (c)		961,991
	285,000	3.00%, 06/01/24 (c)		296,223
	190,000	Glynn-Brunswick Memorial Hospital Authority (RB) 5.00%, 08/01/25 (c)		216,353
	15,000	Henry County School District (GO) (SAW) 5.00%, 08/01/25		18,091
		Metropolitan Atlanta Rapid Transit Authority, Series B (RB)
	300,000	5.00%, 07/01/26 (c)		363,129
	30,000	5.00%, 07/01/26 (c)		36,404
		Metropolitan Atlanta Rapid Transit Authority, Series C (RB)
	495,000	5.00%, 07/01/26 (c)		604,647
	235,000	5.00%, 07/01/26 (c)		288,145
	420,000	5.00%, 07/01/26		518,133
		Municipal Electric Authority of Georgia, Series A (RB)
	110,000	5.00%, 01/01/25 (c)		127,166

Principal Amount			Value
Georgia: (continued)
$	200,000	5.00%, 07/01/26 (c)	$	237,062
	1,090,000	5.00%, 07/01/26 (c)		1,301,449
	500,000	Private Colleges and Universities Authority, Emory University, Series A (RB) 5.00%, 09/01/29 (c)		646,245
		Richmond County Hospital Authority, University Health Services, Inc. Project (RB)
	345,000	3.00%, 07/01/26 (c)		358,969
	595,000	5.00%, 07/01/26 (c)		720,366
	375,000	5.00%, 07/01/26 (c)		449,220
		State of Georgia, Series A (GO)
	985,000	2.50%, 02/01/26 (c)		998,563
	125,000	5.00%, 02/01/26		153,458
	1,190,000	5.00%, 02/01/26 (c)		1,455,489
	680,000	5.00%, 02/01/26 (c)		826,615
	600,000	5.00%, 07/01/26		744,072
	1,200,000	5.00%, 02/01/27 (c)		1,476,816
	1,000,000	5.00%, 02/01/27		1,256,450
	350,000	5.00%, 02/01/27 (c)		436,142
	150,000	5.00%, 02/01/27 (c)		186,186
		State of Georgia, Series C (GO)
	3,000,000	5.00%, 07/01/27 (c)		3,755,460
	130,000	5.00%, 07/01/27		164,905
	1,010,000	State of Georgia, Series C-1 (GO) 5.00%, 02/01/26		1,239,937
	610,000	State of Georgia, Series E (GO) 5.00%, 12/01/25		745,780
				32,670,601
Hawaii: 1.2%
	35,000	City and County of Honolulu, Board of Water Supply, Series A (RB) 5.00%, 07/01/24 (c)		40,481
	675,000	City and County of Honolulu, Series A (GO) 5.00%, 10/01/25 (c)		806,807
		City and County of Honolulu, Series B (GO)
	10,000	5.00%, 10/01/25 (c)		11,932
	760,000	5.00%, 10/01/25 (c)		913,193
	1,010,000	5.00%, 10/01/25 (c)		1,217,464
	1,000,000	5.00%, 09/01/27 (c)		1,241,050
	1,000,000	City and County of Honolulu, Series C (GO) 5.00%, 10/01/29		1,314,610
		City and County of Honolulu, Wastewater System, Series A (RB)
	970,000	4.00%, 07/01/26 (c)		1,088,815
	1,015,000	5.00%, 07/01/26 (c)		1,224,323
	100,000	City and County of Honolulu, Wastewater System, Series B (RB) 4.00%, 07/01/26 (c)		111,706
	175,000	State of Hawaii, Department of Budget and Finance, Series A (RB) 5.00%, 07/01/25		208,154
	250,000	State of Hawaii, Series A (RB) 5.00%, 07/01/24 (c)		287,890

Principal Amount			Value
Hawaii: (continued)
$	295,000	State of Hawaii, Series B (RB) 5.00%, 07/01/26 (c)	$	360,210
	1,645,000	State of Hawaii, Series EO (GO) 5.00%, 08/01/24 (c)		1,913,398
	25,000	State of Hawaii, Series EQ (GO) 5.00%, 08/01/24 (c)		28,833
	50,000	State of Hawaii, Series ET (GO) 5.00%, 10/01/25		60,639
		State of Hawaii, Series EY (GO)
	120,000	5.00%, 10/01/25 (c)		144,649
	1,205,000	5.00%, 10/01/25 (c)		1,456,218
	500,000	State of Hawaii, Series EZ (GO) 5.00%, 10/01/25 (c)		604,240
	200,000	State of Hawaii, Series FB (GO) 4.00%, 04/01/26 (c)		230,510
	130,000	State of Hawaii, Series FE (GO) 5.00%, 10/01/25		157,661
		State of Hawaii, Series FH (GO)
	15,000	5.00%, 10/01/26 (c)		18,511
	375,000	5.00%, 10/01/26 (c)		464,186
		State of Hawaii, Series FK (GO)
	690,000	5.00%, 05/01/27 (c)		845,698
	130,000	5.00%, 05/01/27 (c)		159,861
		State of Hawaii, Series FN (GO)
	500,000	5.00%, 10/01/27 (c)		627,300
	105,000	5.00%, 10/01/27 (c)		132,756
		State of Hawaii, Series FT (GO)
	295,000	4.00%, 01/01/28 (c)		341,203
	250,000	5.00%, 01/01/26		304,790
	1,020,000	5.00%, 10/01/27 (c)		1,271,838
	150,000	5.00%, 01/01/28 (c)		187,338
	1,150,000	5.00%, 01/01/28 (c)		1,438,224
	1,300,000	State of Hawaii, Series FW (GO) 5.00%, 01/01/28		1,653,639
	160,000	State of Hawaii, Series HI (GO) 5.00%, 10/01/26		198,512
		University of Hawaii, Series E (RB)
	285,000	5.00%, 10/01/26 (c)		348,036
	240,000	5.00%, 10/01/26 (c)		292,356
				21,707,031
Idaho: 0.0%
	500,000	Ada and Boise Counties Independent School District (GO) 5.00%, 02/01/27 (c)		612,225
		Idaho Health Facilities Authority, Trinity Health Group, Series D (RB)
	115,000	5.00%, 06/01/22 (c)		124,698
	185,000	5.00%, 06/01/22 (c)		200,697
				937,620
Illinois: 4.3%
	235,000	Chicago Board of Education (ST) 5.75%, 04/01/27 (c)		282,815
	100,000	Chicago Board of Education, Series A (GO) 0.00%, 12/01/30 ^		70,866
	175,000	Chicago O’Hare International Airport, Series A (RB) 5.00%, 01/01/27 (c)		212,072

Principal Amount			Value
Illinois: (continued)
		Chicago O’Hare International Airport, Series B (RB)
$	575,000	5.00%, 01/01/25 (c)	$	667,736
	510,000	5.00%, 01/01/25 (c)		589,310
	135,000	5.00%, 01/01/25 (c)		155,687
	580,000	5.00%, 01/01/25 (c)		667,951
	315,000	5.00%, 01/01/25 (c)		368,572
	130,000	5.00%, 01/01/25 (c)		152,595
	470,000	5.00%, 01/01/27 (c)		563,962
	100,000	5.00%, 01/01/27 (c)		119,770
		Chicago O’Hare International Airport, Series C (RB)
	135,000	5.00%, 01/01/26 (c)		159,409
	545,000	5.00%, 01/01/26		656,561
	500,000	Chicago Transit Authority (RB) 5.00%, 06/01/26		596,175
	100,000	City of Chicago, Board of Education, Dedicated Capital Improvement Tax (ST) 5.75%, 04/01/27 (c)		120,637
	750,000	City of Chicago, Neighborhoods Alive 21 Program, Series B (GO) 5.50%, 01/01/25 (c)		852,952
		City of Chicago, Series A (GO)
	2,000,000	5.50%, 01/01/25 (c)		2,264,100
	800,000	5.63%, 01/01/27 (c)		943,328
	340,000	5.63%, 01/01/27 (c)		402,458
	510,000	City of Chicago, Series C (GO) 5.00%, 01/01/26 (c)		565,529
	100,000	City of Chicago, Series E (GO) 5.50%, 01/01/25 (c)		112,805
		City of Chicago, Wastewater Transmission Revenue, Second Lien (RB)
	125,000	5.00%, 01/01/24 (c)		139,101
	225,000	5.00%, 01/01/24 (c)		251,840
	1,260,000	5.00%, 01/01/24 (c)		1,416,152
	100,000	City of Chicago, Wastewater Transmission Revenue, Second Lien, Series B (RB) 5.00%, 01/01/26		117,827
		City of Chicago, Water Revenue, Second Lien (RB)
	120,000	5.00%, 11/01/24 (c)		135,737
	655,000	5.00%, 11/01/24 (c)		746,451
	75,000	5.00%, 11/01/24 (c)		85,845
	1,010,000	5.00%, 11/01/27 (c)		1,212,404
	180,000	5.25%, 11/01/27 (c)		218,162
		City of Chicago, Water Revenue, Second Lien, Series A-1 (RB)
	305,000	5.00%, 11/01/26 (c)		356,847
	420,000	5.00%, 11/01/26 (c)		492,538
		City of Springfield, Electric Revenue, Senior Lien (RB)
	420,000	5.00%, 03/01/25 (c)		482,567
	15,000	5.00%, 03/01/25 (c)		17,160
	775,000	5.00%, 03/01/25 (c)		905,153
	425,000	5.00%, 03/01/25 (c)		494,568

Principal Amount			Value
Illinois: (continued)
$	1,000,000	Community College District No. 512, Counties of Cook, Kane, Lake, and McHenry, Series B (GO) 5.00%, 12/01/27	$	1,258,500
	210,000	Community Unit School District No. 300, Kane, McHenry, Cook and DeKalb Counties (GO) 5.00%, 01/01/25 (c)		242,823
	325,000	County of Cook, Series A (GO) 5.00%, 11/15/26 (c)		380,568
		Illinois Finance Authority of Clean Water Initiative (RB)
	155,000	5.00%, 01/01/27 (c)		188,471
	115,000	5.00%, 01/01/27 (c)		141,266
		Illinois Finance Authority, Advocate Health Care Network (RB)
	225,000	5.00%, 08/01/24 (c)		256,516
	250,000	5.00%, 08/01/24 (c)		288,670
		Illinois Finance Authority, Clean Water Initiative (RB)
	165,000	4.00%, 01/01/26 (c)		185,290
	100,000	4.00%, 01/01/26 (c)		114,321
	135,000	5.00%, 01/01/26		163,517
	685,000	5.00%, 01/01/26 (c)		823,178
	400,000	5.00%, 01/01/27 (c)		496,080
		Illinois Finance Authority, Mercy Health Corp. (RB)
	80,000	4.00%, 06/01/26 (c)		86,562
	1,000,000	4.00%, 06/01/26 (c)		1,077,390
	160,000	4.00%, 06/01/26 (c)		173,718
	325,000	5.00%, 12/01/25		386,015
	250,000	5.00%, 06/01/26 (c)		290,858
	130,000	5.00%, 06/01/26 (c)		153,846
		Illinois Finance Authority, Northwestern Memorial Healthcare, Series A (RB)
	1,325,000	3.00%, 01/15/28 (c)		1,370,063
	280,000	5.00%, 07/15/27		350,599
	260,000	Illinois Finance Authority, Northwestern University (RB) 5.00%, 12/01/28		335,403
	100,000	Illinois Finance Authority, OSF Healthcare System, Series A (RB) 5.00%, 11/15/25 (c)		115,311
	1,010,000	Illinois Finance Authority, Presence Health Network, Series C (RB) 4.00%, 02/15/27 (c)		1,129,988
		Illinois Finance Authority, Rush University Medical Center Obligated Group, Series A (RB)
	100,000	5.00%, 05/15/25 (c)		115,038
	125,000	5.00%, 05/15/25 (c)		145,023
	195,000	5.00%, 05/15/25 (c)		229,104
	190,000	Illinois Finance Authority, University of Chicago, Series A (RB) 5.00%, 10/01/24 (c)		221,506
	500,000	Illinois Housing Development Authority, Series B (RB) 3.45%, 04/01/27 (c)		534,330

Principal Amount			Value
Illinois: (continued)
		Illinois Housing Development Authority, Series C (RB)
$	540,000	2.80%, 10/01/28 (c)	$	552,226
	220,000	3.10%, 02/01/26 (c)		226,587
	170,000	Illinois Municipal Electric Agency, Power Supply System, Series A (RB) 5.00%, 08/01/25 (c)		198,987
		Illinois State Toll Highway Authority, Series A (RB)
	290,000	4.00%, 01/01/26 (c)		320,378
	555,000	5.00%, 01/01/26 (c)		653,013
	760,000	5.00%, 01/01/26 (c)		891,138
	510,000	5.00%, 01/01/28 (c)		621,226
	175,000	5.00%, 01/01/29		221,473
	345,000	Illinois State Toll Highway Authority, Series B (RB) 5.00%, 01/01/24 (c)		394,501
		Illinois State Toll Highway Authority, Series C (RB)
	500,000	5.00%, 01/01/25 (c)		578,020
	100,000	5.00%, 01/01/25 (c)		116,706
		Kane, Cook, and Dupage Counties, School District No. U-46, Series A (GO)
	215,000	5.00%, 01/01/24 (c)		239,521
	120,000	5.00%, 01/01/24 (c)		134,563
		Kane, Cook, and Dupage Counties, School District No. U-46, Series D (GO)
	190,000	5.00%, 01/01/24 (c)		213,712
	450,000	5.00%, 01/01/24 (c)		503,851
	410,000	5.00%, 01/01/24 (c)		463,443
	1,055,000	5.00%, 01/01/24 (c)		1,188,215
	700,000	Kendall, Kane, and Will Counties Community Unit School District No. 308 (GO) 5.00%, 02/01/26 (c)		816,802
		Metropolitan Water Reclamation District of Greater Chicago, Series A (GO)
	425,000	5.00%, 12/01/26 (c)		511,742
	340,000	5.00%, 12/01/26		417,010
		Northern Illinois Municipal Power Agency, Series A (RB)
	1,130,000	4.00%, 12/01/26 (c)		1,254,989
	45,000	5.00%, 12/01/25		53,879
		Railsplitter Tobacco Settlement Authority (RB)
	1,795,000	5.00%, 06/01/26 (c)		2,163,280
	325,000	5.00%, 06/01/26		393,328
		Regional Transportation Authority of Illinois, Series A (RB)
	530,000	5.00%, 07/01/25		628,824
	500,000	5.00%, 07/01/27 (c)		609,085
	305,000	5.00%, 07/01/27 (c)		372,152
		Sales Tax Securitization Corp., Series A (RB)
	100,000	5.00%, 01/01/26		116,816

Principal Amount			Value
Illinois: (continued)
$	250,000	5.00%, 01/01/28 (c)	$	292,770
	570,000	5.00%, 01/01/28 (c)		666,091
	250,000	5.00%, 01/01/28 (c)		293,650
	880,000	5.00%, 01/01/28 (c)		1,048,370
	800,000	5.00%, 01/01/28 (c)		946,320
		State of Illinois (RB)
	300,000	3.00%, 06/15/26 (c)		280,755
	495,000	3.00%, 06/15/26 (c)		467,879
	710,000	3.00%, 06/15/26 (c)		685,832
	320,000	3.00%, 06/15/26 (c)		299,462
	680,000	3.00%, 06/15/26 (c)		651,012
	720,000	3.50%, 06/01/26 (c)		725,616
	1,120,000	3.50%, 06/01/26 (c)		1,120,426
	595,000	4.00%, 01/01/26 (c)		618,116
	1,000,000	4.00%, 06/01/26 (c)		1,029,700
	1,060,000	4.00%, 06/01/26 (c)		1,099,973
	2,895,000	4.00%, 06/01/26 (c)		2,987,322
	380,000	4.00%, 06/15/26 (c)		410,689
	750,000	4.13%, 11/01/26 (c)		786,952
	275,000	5.00%, 05/01/24 (c)		302,803
	130,000	5.00%, 01/01/26 (c)		144,154
	1,080,000	5.00%, 01/01/26		1,226,146
	1,025,000	5.00%, 01/01/26 (c)		1,134,019
	575,000	5.00%, 01/01/26 (c)		643,793
	185,000	5.00%, 01/01/26 (c)		208,140
	250,000	5.00%, 02/01/26		284,160
	1,050,000	5.00%, 06/01/26 (c)		1,187,854
	400,000	5.00%, 06/15/26 (c)		456,416
	2,010,000	5.00%, 02/01/27		2,300,726
	1,890,000	5.00%, 02/01/27 (c)		2,155,942
	150,000	6.00%, 05/01/25		175,770
	1,000,000	6.00%, 05/01/26		1,199,880
		State of Illinois, Series A (RB)
	185,000	5.00%, 06/15/26		212,811
	100,000	5.00%, 06/15/26 (c)		114,103
	1,000,000	5.00%, 05/01/28 (c)		1,133,960
	260,000	5.00%, 10/01/28		303,256
	1,200,000	5.25%, 12/01/27 (c)		1,391,964
	1,770,000	State of Illinois, Series C (GO) 5.00%, 11/01/27 (c)		2,008,242
		State of Illinois, Series D (GO)
	2,480,000	5.00%, 11/01/25		2,803,144
	500,000	5.00%, 06/15/26 (c)		563,225
	955,000	5.00%, 11/01/26		1,085,873
	2,200,000	5.00%, 11/01/27 (c)		2,518,296
	30,000	University of Illinois, Series A (RB) 4.00%, 04/01/25 (c)		32,457
				81,705,132
Indiana: 0.8%
	585,000	Ball State University, Series R (RB) 5.00%, 07/01/27		734,795
	15,000	Carmel Local Public Improvement Bond Bank (RB) 5.00%, 07/15/26 (c)		18,069
		Indiana Finance Authority Highway, Series C (RB)
	1,060,000	5.00%, 12/01/26 (c)		1,315,131
	160,000	5.00%, 12/01/26 (c)		199,040
	1,000,000	5.00%, 02/01/28 (c)		1,270,170
	420,000	5.00%, 06/01/28		538,524

Principal Amount			Value
Indiana: (continued)
$	130,000	Indiana Finance Authority, Series B (RB) 5.00%, 02/01/26 (c)	$	158,305
	610,000	Indiana Finance Authority, Series C (RB) 5.00%, 02/01/28 (c)		770,332
		Indiana Finance Authority, Series E (RB)
	100,000	5.00%, 08/01/26 (c)		122,776
	1,000,000	5.00%, 08/01/26 (c)		1,222,520
	160,000	5.00%, 08/01/26 (c)		197,504
	2,165,000	5.00%, 06/01/29		2,825,801
	125,000	Indiana Finance Authority, Stadium Project, Series A (RB) 5.00%, 08/01/25 (c)		150,026
	300,000	Indiana Housing and Community Development Authority, Single Family Mortgage, Series A-1 (RB) 2.85%, 07/01/25 (c)		305,277
		Indiana Municipal Power Agency, Series A (RB)
	1,650,000	5.00%, 07/01/26 (c)		1,978,795
	250,000	5.00%, 01/01/28 (c)		305,363
	205,000	Indiana Municipal Power Agency, Series C (RB) 5.00%, 07/01/26 (c)		250,073
	15,000	Indiana University, Series W-2 (RB) 5.00%, 08/01/24 (c)		17,605
	1,325,000	Indianapolis Local Public Improvement Bond Bank, Series A (RB) 5.00%, 02/01/29 (c)		1,686,977
	160,000	Indianapolis Local Public Improvement Bond Bank, Series C (RB) 4.00%, 01/01/28 (c)		183,594
	20,000	IPS Multi-School Building Corp. (RB) 5.00%, 01/15/25 (c)		23,492
	185,000	Trustees of the Indiana State University, Series A (RB) 5.00%, 06/01/26 (c)		227,744
	140,000	Zionsville Community Schools Building Corp., Series B (RB) 3.00%, 07/15/24 (c)		147,960
				14,649,873
Iowa: 0.4%
		Iowa Finance Authority (RB)
	110,000	5.00%, 08/01/26		136,362
	1,000,000	5.00%, 08/01/27 (c)		1,245,830
	1,000,000	5.00%, 08/01/27 (c)		1,263,110
	120,000	Iowa Finance Authority, Lifespace Communities, Inc., Series A (RB) 5.00%, 05/15/27 (c)		134,165
	3,700,000	PEFA, Inc. (RB) 5.00%, 06/01/26 (c) (p)		4,353,124
	125,000	State of Iowa, IJob Program, Series A (RB) 5.00%, 06/01/26 (c)		152,443

Principal Amount			Value
Iowa: (continued)
$	130,000	State of Iowa, Prison Infrastructure Fund, Series A (RB) 5.00%, 06/15/26	$	159,838
				7,444,872
Kansas: 0.7%
		Butler County Unified School District No. 385 (GO)
	300,000	4.00%, 09/01/27 (c)		344,358
	500,000	4.00%, 09/01/27 (c)		576,460
	500,000	5.00%, 09/01/27 (c)		612,645
	250,000	5.00%, 09/01/27 (c)		306,975
	540,000	City of Wichita, Series 811 (GO) 3.00%, 06/01/23 (c)		567,065
		County of Johnson, Internal Improvement, Series A (GO)
	750,000	4.00%, 09/01/27 (c)		857,452
	750,000	5.00%, 09/01/27 (c)		939,060
	210,000	Johnson and Miami Counties Unified School District No. 230 Spring Hills (GO) 4.00%, 09/01/26 (c)		234,368
	300,000	Johnson County Unified School District No. 512, Series A (GO) 4.00%, 10/01/25 (c)		334,104
		Kansas Development Finance Authority, National Bio and Agro-Defense Facility, Series G (RB)
	225,000	5.00%, 04/01/23 (c)		251,314
	140,000	5.00%, 04/01/23 (c)		155,852
	10,000	5.00%, 04/01/23 (c)		11,143
		Kansas Development Finance Authority, State of Kansas Projects, Series A (RB)
	380,000	5.00%, 05/01/23 (c)		425,349
	690,000	5.00%, 05/01/23 (c)		770,633
	125,000	Seward County Unified School District No. 480, Series B (GO) 5.00%, 09/01/25 (c)		147,976
		State of Kansas, Department of Transportation, Highway Revenue, Series A (RB)
	110,000	5.00%, 09/01/24 (c)		128,667
	740,000	5.00%, 09/01/24 (c)		868,235
	150,000	5.00%, 09/01/27 (c)		185,234
	720,000	5.00%, 09/01/27 (c)		894,154
	775,000	5.00%, 09/01/27 (c)		959,775
	400,000	5.00%, 09/01/27		506,236
	630,000	5.00%, 09/01/27 (c)		782,384
		State of Kansas, Department of Transportation, Highway Revenue, Series B (RB)
	120,000	5.00%, 09/01/25 (c)		142,984
	720,000	5.00%, 09/01/25 (c)		855,670
	765,000	5.00%, 09/01/25 (c)		914,527
	555,000	5.00%, 09/01/25 (c)		669,341
	295,000	5.00%, 09/01/25 (c)		354,678
	250,000	Wyandotte County, Unified School District No. 500, Series A (GO) 4.00%, 09/01/26 (c)		279,515
				14,076,154

Principal Amount			Value
Kentucky: 0.6%
$	125,000	Commonwealth of Kentucky State Property and Building Commission, Project No. 108, Series A (RB) 5.00%, 08/01/25 (c)	$	146,140
		Commonwealth of Kentucky State Property and Building Commission, Project No. 112, Series B (RB)
	1,020,000	5.00%, 11/01/26 (c)		1,219,165
	585,000	5.00%, 11/01/26 (c)		702,638
	450,000	5.00%, 11/01/26		544,333
		Kentucky Asset Liability Commission Project, Federal Highway Trust, First Series A (RB)
	20,000	5.00%, 09/01/25 (c)		23,762
	80,000	5.00%, 09/01/25		95,413
	595,000	Kentucky Bond Development Corp., Saint Elizabeth Medical Center, Inc. (RB) 3.00%, 05/01/26 (c)		617,408
		Kentucky Municipal Power Agency, Prairie State Project, Series A (RB)
	1,080,000	5.00%, 09/01/25 (c)		1,257,390
	200,000	5.00%, 09/01/25 (c)		235,186
	100,000	Kentucky State Property and Building Commission No. 119 (RB) 5.00%, 05/01/28		123,333
	165,000	Kentucky Turnpike Authority, Series A (RB) 5.00%, 07/01/26 (c)		197,845
		Kentucky Turnpike Authority, Series B (RB)
	800,000	5.00%, 07/01/26		965,944
	380,000	5.00%, 07/01/27		468,016
		Louisville and Jefferson County Metro Government, Norton Healthcare, Inc., Series A (RB)
	975,000	4.00%, 10/01/26 (c)		1,065,100
	55,000	5.00%, 10/01/26 (c)		66,224
	290,000	5.00%, 10/01/26 (c)		345,953
	105,000	Louisville and Jefferson County Metro Government, Water System (RB) 3.00%, 11/15/25 (c)		109,383
	20,000	Paducah Electric Plant Board, Series A (RB) (AGM) 5.00%, 10/01/26		24,299
	125,000	Turnpike Authority of Kentucky Economic Development Road, Revitalization Projects, Series B (RB) 5.00%, 07/01/26		150,929
		University of Kentucky, Series A (RB)
	770,000	3.00%, 04/01/26 (c)		795,741
	500,000	4.00%, 04/01/26 (c)		566,470
	745,000	University of Kentucky, Series B (RB) 5.00%, 04/01/25 (c)		882,579
				10,603,251
Louisiana: 0.8%
	250,000	East Baton Rouge Sewerage Commission, Series B (RB) 5.00%, 02/01/25 (c)		291,875

Principal Amount			Value
Louisiana: (continued)
$	2,635,000	Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/27 (c)	$	2,798,370
		Louisiana Local Government Environmental Facilities and Community Development Authority, Woman’s Hospital Foundation Project, Series A (RB)
	200,000	3.25%, 10/01/27 (c)		212,016
	990,000	5.00%, 10/01/27 (c)		1,211,542
	295,000	Louisiana Public Facilities Authority (RB) 5.00%, 07/01/25 (c)		341,495
	505,000	Louisiana Public Facilities Authority, Entergy Louisiana, LLC Project, Series B (RB) 3.50%, 06/01/21 (c)		513,610
		Louisiana Public Facilities Authority, Hurricane Recovery Program (RB)
	900,000	5.00%, 06/01/24 (c)		1,033,200
	535,000	5.00%, 06/01/24 (c)		616,047
	1,060,000	Louisiana State Citizens Property Insurance Corp., Series A (RB) 5.00%, 06/01/26		1,294,695
	350,000	State of Louisiana, Gasoline and Fuels Tax Revenue, Series B (RB) 5.00%, 05/01/24 (c)		403,697
		State of Louisiana, Series A (GO)
	150,000	3.50%, 04/01/27 (c)		162,534
	760,000	5.00%, 05/01/25 (c)		896,048
	760,000	5.00%, 03/01/26		926,144
	640,000	5.00%, 09/01/26 (c)		774,950
	565,000	5.00%, 04/01/27 (c)		693,492
		State of Louisiana, Series B (GO)
	200,000	5.00%, 08/01/26 (c)		243,740
	205,000	5.00%, 08/01/26 (c)		251,736
	875,000	5.00%, 10/01/26		1,080,415
	150,000	5.00%, 10/01/27		189,027
		State of Louisiana, Series C (GO)
	100,000	5.00%, 08/01/24 (c)		116,412
	710,000	5.00%, 08/01/24 (c)		828,336
		State of Louisiana, Series D (GO)
	200,000	3.00%, 09/01/26 (c)		211,932
	100,000	5.00%, 09/01/26 (c)		122,083
		State of Louisiana, Series D-1 (GO)
	125,000	5.00%, 12/01/24 (c)		145,610
	500,000	5.00%, 12/01/24 (c)		588,390
				15,947,396
Maine: 0.0%
	480,000	Maine Turnpike Authority (RB) 5.00%, 07/01/25 (c)		575,261
Maryland: 3.0%
		City of Baltimore, Consolidated Public Improvement, Series B (GO)
	1,250,000	5.00%, 10/15/25		1,516,775
	250,000	5.00%, 10/15/26		310,448

Principal Amount			Value
Maryland: (continued)
$	250,000	5.00%, 10/15/27 (c)	$	315,493
	280,000	5.00%, 10/15/27		354,572
	125,000	City of Baltimore, Convention Center Hotel (RB) 5.00%, 09/01/27 (c)		150,185
		County of Baltimore (GO)
	1,505,000	4.00%, 03/01/29 (c)		1,761,964
	1,415,000	5.00%, 03/01/26		1,734,917
	525,000	County of Harford, Series B (GO) 3.00%, 07/01/24 (c)		560,973
		County of Montgomery, Series A (GO)
	1,225,000	5.00%, 11/01/24 (c)		1,438,419
	875,000	5.00%, 11/01/24 (c)		1,029,402
	20,000	5.00%, 12/01/24 (c)		23,614
	300,000	5.00%, 12/01/24 (c)		355,626
		County of Montgomery, Series B (GO)
	275,000	4.00%, 12/01/23 (c)		305,176
	1,735,000	5.00%, 11/01/24 (c)		2,052,141
	350,000	5.00%, 11/01/24 (c)		413,024
	1,190,000	County of Montgomery, Series C (GO) 4.00%, 10/01/27 (c)		1,391,288
	15,000	Maryland Economic Development Corp., College Park Projects (RB) (AGM) 5.00%, 06/01/26 (c)		17,995
	255,000	Maryland Health and Higher Educational Facilities Authority, Lifebridge Health Issue (RB) 4.00%, 07/01/25 (c)		276,132
	550,000	Maryland Health and Higher Educational Facilities Authority, Medstar Health Issue (RB) 5.00%, 02/15/25 (c)		645,425
	950,000	Maryland Health and Higher Educational Facilities Authority, Meritus Medical Center (RB) 4.00%, 07/01/25 (c)		1,037,523
		Maryland Stadium Authority, Baltimore City Public School Construction and Revitalization Program (RB)
	750,000	5.00%, 05/01/26 (c)		902,347
	250,000	5.00%, 05/01/26 (c)		298,145
	240,000	5.00%, 05/01/26		293,095
	250,000	5.00%, 05/01/26 (c)		302,205
	1,000,000	Maryland Stadium Authority, Baltimore City Public School Construction and Revitalization Program, Series A (RB) 5.00%, 05/01/28 (c)		1,234,180
		Maryland State Department of Transportation (RB)
	500,000	3.00%, 09/01/27 (c)		532,200
	1,500,000	4.00%, 05/01/25 (c)		1,703,865
		Maryland State Transportation Authority (RB)
	300,000	3.00%, 07/01/27 (c)		313,287
	510,000	3.00%, 07/01/27 (c)		536,046

Principal Amount			Value
Maryland: (continued)
		Maryland Water Quality Financing Administration (RB)
$	1,095,000	2.80%, 03/01/24 (c)	$	1,155,860
	655,000	3.00%, 03/01/24 (c)		686,126
		Prince George’s County, Series A (GO)
	140,000	4.00%, 09/01/24 (c)		157,244
	1,000,000	4.00%, 07/15/28 (c)		1,185,290
	1,000,000	5.00%, 07/15/28		1,291,980
	1,150,000	5.00%, 07/15/28 (c)		1,477,520
		State of Maryland, Department of Transportation (RB) (SAW)
	3,000,000	2.13%, 10/01/27 (c)		2,943,690
	1,000,000	3.00%, 11/01/24 (c)		1,047,250
	855,000	3.13%, 05/01/25 (c)		903,880
	750,000	4.00%, 05/01/28 (c)		886,927
	295,000	5.00%, 11/01/24 (c)		347,183
	200,000	State of Maryland, Department of Transportation, Second Issue (RB) 3.13%, 06/01/23 (c)		207,936
	435,000	State of Maryland, Department of Transportation, Third Issue (RB) 3.00%, 12/15/23 (c)		451,995
		State of Maryland, State and Local Facilities Loan, First Series (GO)
	350,000	3.00%, 06/01/24 (c)		366,114
	420,000	5.00%, 06/01/24 (c)		489,485
		State of Maryland, State and Local Facilities Loan, First Series (GO)
	485,000	4.00%, 06/01/24 (c)		542,070
	2,385,000	5.00%, 03/15/28		3,059,883
	3,000,000	5.00%, 03/15/29 (c)		3,863,730
		State of Maryland, State and Local Facilities Loan, First Series A (GO)
	405,000	3.00%, 03/01/23 (c)		421,528
	250,000	3.13%, 03/15/28 (c)		266,285
	1,185,000	4.00%, 03/15/27 (c)		1,377,847
	850,000	5.00%, 03/15/26		1,043,145
	680,000	5.00%, 03/15/28		872,420
	100,000	State of Maryland, State and Local Facilities Loan, First Series B (GO) 4.00%, 08/01/26		117,314
		State of Maryland, State and Local Facilities Loan, Second Series (GO)
	530,000	4.00%, 08/01/28 (c)		620,020
	1,000,000	5.00%, 08/01/28 (c)		1,278,930
		State of Maryland, State and Local Facilities Loan, Second Series A (GO)
	350,000	2.75%, 08/01/23 (c)		368,896
	1,000,000	3.00%, 08/01/27 (c)		1,063,270
	215,000	4.00%, 08/01/23 (c)		235,070
		State of Maryland, State and Local Facilities Loan, Second Series B (GO)
	100,000	3.00%, 08/01/22 (c)		103,389
	955,000	4.00%, 08/01/22 (c)		1,022,366
	1,000,000	5.00%, 08/01/26		1,238,190
		Washington Suburban Sanitary District (GO)
	500,000	3.00%, 06/01/24 (c)		525,865
	115,000	3.00%, 06/01/24 (c)		121,798
	560,000	3.00%, 06/01/24 (c)		593,102

Principal Amount			Value
Maryland: (continued)
		Washington Suburban Sanitary District, Second Series (GO)
$	685,000	4.00%, 06/01/24 (c)	$	759,487
	750,000	5.00%, 06/01/26 (c)		904,200
	550,000	5.00%, 06/01/27 (c)		687,956
				56,491,703
Massachusetts: 3.1%
		Commonwealth of Massachusetts, Accelerated Bridge Program, Series A (RB)
	1,100,000	5.00%, 06/01/24 (c)		1,268,014
	1,000,000	5.00%, 06/15/24 (c)		1,164,580
	15,000	5.00%, 06/01/25 (c)		17,928
	20,000	5.00%, 06/01/25 (c)		23,888
		Commonwealth of Massachusetts, Rail Enhancement Program, Series A (RB)
	145,000	3.00%, 06/01/25 (c)		152,144
	745,000	5.00%, 06/01/25 (c)		885,120
		Commonwealth of Massachusetts, Series A (GO)
	290,000	3.00%, 03/01/24 (c)		299,950
	850,000	5.00%, 03/01/24 (c)		973,182
	1,445,000	5.00%, 07/01/25 (c)		1,725,070
	160,000	5.00%, 07/01/25 (c)		190,498
	1,000,000	5.00%, 03/01/26		1,225,410
	275,000	5.00%, 07/01/26 (c)		336,603
	1,000,000	5.00%, 07/01/26		1,235,080
		Commonwealth of Massachusetts, Series B (GO)
	600,000	5.00%, 07/01/26 (c)		727,656
	1,860,000	5.00%, 07/01/26 (c)		2,241,430
	155,000	5.00%, 07/01/26 (c)		189,226
	1,155,000	5.00%, 07/01/28		1,486,693
		Commonwealth of Massachusetts, Series C (GO)
	1,000,000	3.00%, 02/01/24 (c)		1,043,350
	205,000	5.00%, 05/01/23 (c)		230,209
	2,665,000	5.00%, 05/01/31		3,559,827
	100,000	Commonwealth of Massachusetts, Series D (GO) 3.00%, 09/01/25 (c)		104,645
		Commonwealth of Massachusetts, Series E (GO)
	1,275,000	3.00%, 11/01/27 (c)		1,343,263
	250,000	5.00%, 11/01/26		311,138
	100,000	5.00%, 11/01/27 (c)		125,247
	420,000	Commonwealth of Massachusetts, Series F (GO) 3.00%, 11/01/22 (c)		438,564
		Commonwealth of Massachusetts, Series I (GO)
	500,000	5.00%, 12/01/26 (c)		609,300
	10,000	5.00%, 12/01/26 (c)		12,403
		Commonwealth of Massachusetts, Transportation Fund Revenue, Series A (RB)
	450,000	4.00%, 12/01/27 (c)		514,723
	105,000	5.00%, 06/01/26		129,582
	20,000	5.00%, 06/01/26 (c)		24,607

Principal Amount			Value
Massachusetts: (continued)
		Massachusetts Bay Transportation Authority, Series A (RB)
$	810,000	0.00%, 07/01/26 (c) ^	$	666,646
	130,000	0.00%, 07/01/26 (c) ^		103,518
	1,160,000	0.00%, 07/01/26 (c) ^		865,731
	890,000	0.00%, 07/01/26 (c) ^		755,672
	210,000	2.00%, 07/01/26 (c)		215,456
	1,315,000	4.00%, 07/01/25 (c)		1,469,986
	800,000	Massachusetts Clean Water Trust, Series 18 (RB) 5.00%, 02/01/24 (c)		918,352
		Massachusetts Clean Water Trust, Series 19 (RB)
	500,000	5.00%, 02/01/26 (c)		602,885
	1,100,000	5.00%, 02/01/26 (c)		1,331,099
	940,000	5.00%, 02/01/26 (c)		1,142,429
	1,000,000	Massachusetts Clean Water Trust, Series 21 (RB) 5.00%, 08/01/28 (c)		1,259,680
		Massachusetts Department of Transportation, Metropolitan Highway System, Series A (RB) (SAW)
	1,000,000	5.00%, 01/01/29 (c)		1,254,000
	1,000,000	5.00%, 01/01/29		1,291,880
	255,000	Massachusetts Development Finance Agency, Beth Israel Lahey Health Issue, Series K (RB) 5.00%, 07/01/29 (c)		314,731
	1,905,000	Massachusetts Development Finance Agency, Boston Medical Center, Series E (RB) 5.00%, 07/01/26 (c)		2,208,886
	530,000	Massachusetts Development Finance Agency, Brandeis University, Series S-1 (RB) 5.00%, 10/01/27		672,416
		Massachusetts Development Finance Agency, CareGroup Issue, Series I (RB)
	910,000	3.00%, 07/01/26 (c)		949,703
	200,000	3.25%, 07/01/26 (c)		207,110
	1,000,000	5.00%, 07/01/26 (c)		1,212,900
	200,000	5.00%, 07/01/26 (c)		241,698
	130,000	Massachusetts Development Finance Agency, CareGroup Issue, Series J-2 (RB) (SBG) 5.00%, 07/01/28 (c)		159,514
		Massachusetts Development Finance Agency, Harvard University, Series A (RB)
	2,065,000	4.00%, 07/15/26 (c)		2,372,602
	700,000	5.00%, 07/15/26 (c)		868,805
	480,000	5.00%, 07/15/26 (c)		586,402
		Massachusetts Development Finance Agency, Lahey Health System Obligated Group Issue, Series F (RB)
	1,000,000	5.00%, 08/15/25 (c)		1,168,460
	125,000	5.00%, 08/15/25 (c)		147,984

Principal Amount			Value
Massachusetts: (continued)
		Massachusetts Development Finance Agency, Partners Healthcare System, Series Q (RB)
$	100,000	3.13%, 07/01/26 (c)	$	104,472
	115,000	5.00%, 07/01/26		141,621
	300,000	5.00%, 07/01/26 (c)		364,884
	750,000	Massachusetts Development Finance Agency, South Shore Hospital Issue Series I (RB) 4.00%, 07/01/26 (c)		803,340
	500,000	Massachusetts Development Finance Agency, Suffolk University (RB) 5.00%, 07/01/27 (c)		592,225
	100,000	Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series I (RB) 5.00%, 07/01/26 (c)		119,873
	330,000	Massachusetts Development Finance Agency, Wellforce Issue, Series A (RB) 5.00%, 07/01/27		401,683
	500,000	Massachusetts Housing Finance Agency, Series 178 (RB) 3.70%, 06/01/25 (c)		528,990
	1,000,000	Massachusetts School Building Authority, Dedicated Sales Tax, Series B (RB) 5.00%, 01/15/25 (c)		1,182,360
		Massachusetts School Building Authority, Dedicated Sales Tax, Series C (RB)
	15,000	5.00%, 08/15/25		18,147
	125,000	5.00%, 11/15/26 (c)		152,363
		Massachusetts State College Building Authority, Series A (RB)
	1,000,000	4.00%, 05/01/25 (c)		1,131,050
	500,000	5.00%, 05/01/25 (c)		587,540
	560,000	Massachusetts Water Pollution Abatement Trust (RB) 5.00%, 08/01/24 (c)		657,238
		Massachusetts Water Resources Authority, Series C (RB)
	685,000	5.00%, 08/01/26 (c)		833,104
	2,115,000	5.00%, 08/01/27 (c)		2,633,175
	730,000	University of Massachusetts Building Authority, Series 1 (RB) 5.00%, 11/01/25 (c)		883,986
	1,020,000	University of Massachusetts Building Authority, Series 3 (RB) 5.00%, 11/01/27 (c)		1,280,008
				57,993,934
Michigan: 1.9%
	285,000	Board of Governors of Wayne State University, Series A (RB) 5.00%, 05/15/26 (c)		342,516
	340,000	Board of Trustees of Michigan State University, Series B (RB) 5.00%, 02/15/29 (c)		429,508

Principal Amount			Value
Michigan: (continued)
		Great Lakes Water Authority, Sewage Disposal System, Second Lien, Series C (RB)
$	250,000	5.00%, 07/01/26 (c)	$	297,968
	250,000	5.00%, 07/01/26 (c)		298,493
		Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series B (RB)
	1,220,000	5.00%, 07/01/26 (c)		1,445,907
	1,500,000	5.00%, 07/01/26 (c)		1,787,805
	500,000	5.00%, 07/01/26 (c)		599,405
		Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series C (RB)
	1,025,000	5.00%, 07/01/26 (c)		1,223,245
	30,000	5.00%, 07/01/26 (c)		36,160
	130,000	Great Lakes Water Authority, Water Supply System, Second Lien, Series D (RB) 5.00%, 07/01/26 (c)		154,943
		Great Lakes Water Authority, Water Supply System, Senior Lien, Series C (RB)
	155,000	5.00%, 07/01/26 (c)		187,316
	875,000	5.00%, 07/01/26 (c)		1,059,441
	365,000	5.00%, 07/01/26		447,669
		Michigan Finance Authority, Beaumont Health Credit Group, Series A (RB)
	1,975,000	5.00%, 08/01/24 (c)		2,266,806
	1,790,000	5.00%, 08/01/24 (c)		2,075,827
		Michigan Finance Authority, Clean Water, Series B (RB)
	110,000	5.00%, 10/01/25		133,685
	100,000	5.00%, 10/01/26		124,518
		Michigan Finance Authority, Detroit Water and Sewerage Department, Senior Lien, Series C-3 (RB) (AGM)
	750,000	5.00%, 07/01/24 (c)		865,972
	405,000	5.00%, 07/01/24 (c)		468,617
	560,000	5.00%, 07/01/24 (c)		651,907
		Michigan Finance Authority, Detroit Water and Sewerage Department, Senior Lien, Series D-2 (RB) (AGM)
	935,000	5.00%, 07/01/24 (c)		1,086,395
	110,000	5.00%, 07/01/24 (c)		127,934
	1,450,000	Michigan Finance Authority, Detroit Water and Sewerage Department, Senior Lien, Series D-4 (RB) 5.00%, 07/01/24 (c)		1,675,910
	140,000	Michigan Finance Authority, Henry Ford Health System (RB) 3.00%, 11/15/26 (c)		142,267
		Michigan Finance Authority, Local Government Loan Program, Series C (RB)
	500,000	5.00%, 07/01/25 (c)		589,020
	250,000	5.00%, 07/01/25 (c)		295,293

Principal Amount			Value
Michigan: (continued)
		Michigan Finance Authority, Local Government Loan Program, Series H-1 (RB)
$	725,000	5.00%, 10/01/24 (c)	$	827,848
	140,000	5.00%, 11/15/26 (c)		170,745
		Michigan Finance Authority, Trinity Health Credit Group, Series MI (RB)
	105,000	5.00%, 06/01/22 (c)		113,909
	75,000	5.00%, 06/01/27 (c)		91,786
	1,205,000	5.50%, 06/01/25 (c)		1,460,580
	265,000	5.50%, 06/01/25 (c)		318,925
		Michigan State Building Authority, Series I (RB)
	15,000	5.00%, 10/15/25 (c)		17,826
	200,000	5.00%, 10/15/25 (c)		236,828
	360,000	5.00%, 10/15/25 (c)		431,266
	125,000	5.00%, 10/15/26 (c)		150,625
	120,000	5.00%, 10/15/26 (c)		144,143
	570,000	5.00%, 10/15/26 (c)		688,087
	1,080,000	5.00%, 10/15/26 (c)		1,310,429
	515,000	5.00%, 10/15/26 (c)		623,377
	100,000	Michigan State Hospital Finance Authority, Series B (RB) 5.00%, 12/01/26		123,706
	100,000	Michigan State Hospital Finance Authority, Series C (RB) 5.00%, 12/01/27		126,196
	960,000	Michigan State Housing Development Authority, Single-Family Mortgage, Series A (RB) 3.35%, 12/01/25 (c)		1,010,534
		Michigan State Housing Development Authority, Single-Family Mortgage, Series B (RB)
	1,640,000	3.10%, 06/01/26 (c)		1,711,143
	170,000	3.35%, 06/01/26 (c)		177,757
	770,000	Regents of the University of Michigan (RB) 5.00%, 04/01/26 (c)		929,983
	2,600,000	State of Michigan, Environmental Program (GO) 3.00%, 05/01/26 (c)		2,760,212
		State of Michigan, Environmental Program, Series A (GO)
	500,000	5.00%, 12/01/25 (c)		604,125
	10,000	5.00%, 12/01/25 (c)		12,115
		State of Michigan, Grant Anticipation (RB)
	300,000	5.00%, 03/15/26		365,913
	1,865,000	5.00%, 03/15/27		2,318,810
				35,541,395
Minnesota: 1.2%
		City of Maple Grove, Minnesota Health Care Facilities (RB)
	180,000	3.38%, 05/01/27 (c)		190,584
	460,000	3.50%, 05/01/27 (c)		488,644
	1,000,000	City of Minneapolis, Fairview Health Services, Series A (RB) 5.00%, 11/15/25 (c)		1,171,550

Principal Amount			Value
Minnesota: (continued)
$	520,000	City of St. Cloud, Minnesota Health Care, Series A (RB) 3.00%, 05/01/26 (c)	$	532,293
	335,000	City of St. Paul, Housing and Redevelopment Authority, Series A (RB) 4.00%, 07/01/25 (c)		362,761
		County of Hennepin, First Lien, Sales Tax, Series A (RB)
	760,000	5.00%, 12/15/23 (c)		875,847
	1,500,000	5.00%, 12/15/25		1,829,730
		Minneapolis St Paul Metropolitan Airports Commission, Series B (RB)
	135,000	4.00%, 01/01/26		155,582
	120,000	5.00%, 01/01/26		145,745
	515,000	5.00%, 01/01/27 (c)		631,457
	325,000	5.00%, 01/01/27 (c)		396,818
	750,000	Minnesota Public Facilities Authority, Series B (GO) 5.00%, 10/01/26		933,322
	1,000,000	Regents of the University of Minnesota, Series B (RB) 5.00%, 12/01/27 (c)		1,256,320
	450,000	Rosemount-Apple Valley-Eagan Independent School District No. 196 (GO) (SD CRED PROG) 5.00%, 02/01/26 (c)		548,280
	500,000	Roseville Independent School District No. 623 (GO) (SD CRED PROG) 5.00%, 02/01/27 (c)		609,490
		Sartell-St. Stephen Independent School District No. 748 (GO) (SD CRED PROG)
	750,000	5.00%, 02/01/25 (c)		891,675
	600,000	5.00%, 02/01/25 (c)		714,684
		State of Minnesota, State Trunk Highway, Series B (GO)
	555,000	2.25%, 08/01/26 (c)		556,954
	440,000	3.00%, 08/01/24 (c)		467,570
	500,000	3.00%, 08/01/26 (c)		543,845
	570,000	3.25%, 08/01/25 (c)		604,987
	185,000	4.00%, 08/01/26		217,421
	585,000	4.00%, 08/01/26 (c)		682,958
	120,000	State of Minnesota, State Trunk Highway, Series E (GO) 3.00%, 10/01/27 (c)		132,152
		State of Minnesota, Various Purpose, Series A (GO)
	1,025,000	5.00%, 08/01/27		1,299,187
	400,000	5.00%, 10/01/27 (c)		507,788
	1,000,000	5.00%, 08/01/29 (c)		1,295,460
		State of Minnesota, Various Purpose, Series D (GO)
	925,000	2.25%, 08/01/26 (c)		937,839
	1,000,000	3.00%, 10/01/27 (c)		1,084,650
	1,000,000	3.00%, 10/01/27 (c)		1,092,670
	805,000	University of Minnesota, Series B (RB) 5.00%, 12/01/27 (c)		1,022,704

Principal Amount			Value
Minnesota: (continued)
$	1,000,000	Virginia Independent School District No. 706, Series A (GO) (SD CRED PROG) 3.00%, 02/01/28 (c)	$	1,062,940
				23,243,907
Mississippi: 0.4%
	300,000	Mississippi Development Bank, Jackson Public School District, Series A (RB) 5.00%, 04/01/26 (c)		357,162
		State of Mississippi, Series A (GO)
	125,000	5.00%, 10/01/26		154,901
	1,335,000	5.00%, 10/01/27 (c)		1,650,634
	300,000	5.00%, 10/01/27 (c)		370,104
	500,000	5.00%, 10/01/27 (c)		619,485
	1,000,000	5.00%, 10/01/27 (c)		1,246,180
	650,000	5.00%, 10/01/27 (c)		807,761
		State of Mississippi, Series B (GO)
	155,000	5.00%, 12/01/26 (c)		187,962
	750,000	5.00%, 12/01/26 (c)		918,585
		State of Mississippi, Series C (GO)
	850,000	5.00%, 10/01/25		1,029,783
	845,000	5.00%, 10/01/25 (c)		1,019,036
	105,000	State of Mississippi, Series E (RB) 5.00%, 10/15/25		126,208
				8,487,801
Missouri: 0.8%
		City of Kansas City, Downtown Arena Project, Series E (RB)
	450,000	3.00%, 04/01/25 (c)		464,382
	890,000	5.00%, 04/01/25 (c)		1,036,289
	570,000	City of Kansas City, Sanitary Sewer System Revenue, Series A (RB) 5.00%, 01/01/25 (c)		672,948
	100,000	City of Springfield, Missouri Public Utility (RB) 4.00%, 08/01/25 (c)		111,718
		County of Jackson, Harry S. Truman Sports Complex Project (RB)
	10,000	5.00%, 12/01/24 (c)		11,639
	195,000	5.00%, 12/01/24 (c)		227,493
	110,000	Health and Educational Facilities Authority, Lutheran Senior Services Projects, Series A (RB) 5.00%, 02/01/24 (c)		121,198
		Metropolitan St. Louis Sewer District, Wastewater System, Series B (RB)
	490,000	5.00%, 05/01/25 (c)		577,764
	1,165,000	5.00%, 05/01/25 (c)		1,375,807
		Missouri Joint Municipal Electric Utility Commission, Iatan 2 Project, Series A (RB)
	310,000	5.00%, 01/01/24 (c)		349,575
	290,000	5.00%, 01/01/24 (c)		328,895
	215,000	5.00%, 01/01/24 (c)		244,924
	100,000	Missouri Joint Municipal Electric Utility Commission, Plum Point Project, Series A (RB) 5.00%, 01/01/25 (c)		117,224

Principal Amount			Value
Missouri: (continued)
$	395,000	Missouri Joint Municipal Electric Utility Commission, Power Project, Series A (RB) 5.00%, 06/01/25 (c)	$	462,814
	15,000	Missouri Joint Municipal Electric Utility Commission, Prairie State Project, Series A (RB) 4.00%, 06/01/26 (c)		16,784
		Platte County Park Hill School District (GO) (SAW)
	225,000	3.00%, 03/01/26 (c)		233,219
	105,000	3.00%, 03/01/26 (c)		109,337
		Springfield School District No. R-12 (GO) (SAW)
	1,035,000	4.00%, 03/01/28 (c)		1,218,060
	2,500,000	4.00%, 03/01/29 (c)		2,907,125
	500,000	4.00%, 03/01/29 (c)		583,980
	2,000,000	5.00%, 03/01/29 (c)		2,541,500
	1,000,000	St. Louis Land Clearance for Redevelopment Authority, Series A (RB) 4.25%, 06/01/26		1,087,990
				14,800,665
Nebraska: 0.5%
		Central Plains Energy Project, Gas Project Crossover, Series A (RB)
	220,000	5.00%, 09/01/26		260,146
	1,000,000	5.00%, 09/01/27		1,203,910
	300,000	5.00%, 09/01/32		383,859
	100,000	City of Lincoln, Electric System, Series A (RB) 5.00%, 09/01/25 (c)		118,720
		Douglas County Hospital Authority No. 2 (RB)
	500,000	3.00%, 05/15/26 (c)		515,325
	115,000	4.00%, 05/15/26 (c)		127,426
	245,000	Douglas County School District No. 0001 (GO) 3.00%, 12/15/24 (c)		253,249
	260,000	Metropolitan Utilities District of Omaha, Water System (RB) 3.25%, 12/01/25 (c)		272,917
	210,000	Nebraska Investment Finance Authority, Series C (RB) 3.45%, 09/01/27 (c)		224,883
	100,000	Omaha Public Power District, Electric System, Series A (RB) 5.00%, 12/01/27 (c)		123,634
	1,315,000	Omaha Public Power District, Electric System, Series B (RB) 5.00%, 08/01/24 (c)		1,547,295
		Public Power Generation Agency, Whelan Energy Unit 2, Series A (RB)
	1,295,000	3.00%, 07/01/26 (c)		1,336,919
	560,000	3.13%, 07/01/26 (c)		578,766
	1,400,000	5.00%, 01/01/25 (c)		1,616,062
				8,563,111

Principal Amount			Value
Nevada: 1.1%
		City of Las Vegas, Series C (GO)
$	125,000	5.00%, 03/01/26 (c)	$	149,611
	500,000	5.00%, 03/01/26 (c)		604,685
		Clark County Limited Tax Bond Bank, Series A (GO)
	120,000	5.00%, 11/01/25		145,554
	500,000	5.00%, 05/01/26 (c)		610,765
	300,000	Clark County Limited Tax Bond Bank, Series B (GO) 5.00%, 11/01/26 (c)		366,759
	1,000,000	Clark County Limited Tax Detention Center (GO) 4.00%, 06/01/29 (c)		1,149,960
		Clark County Limited Tax Flood Control (GO)
	890,000	4.00%, 05/01/25 (c)		985,372
	420,000	5.00%, 05/01/25 (c)		497,843
	980,000	5.00%, 05/01/25 (c)		1,152,852
		Clark County Limited Tax, Series A (GO)
	110,000	5.00%, 05/01/26 (c)		133,227
	150,000	5.00%, 06/01/28 (c)		187,530
	1,000,000	5.00%, 06/01/28 (c)		1,265,020
		Clark County Limited Tax, Series C (GO)
	500,000	3.00%, 07/01/27 (c)		518,870
	305,000	3.00%, 07/01/27 (c)		318,292
		Clark County School District, Series B (GO)
	250,000	4.00%, 11/01/26 (c)		284,143
	140,000	4.00%, 11/01/26 (c)		159,663
	975,000	5.00%, 11/01/26		1,210,492
		Clark County School District, Series C (GO)
	1,025,000	5.00%, 12/15/25 (c)		1,220,273
	200,000	5.00%, 12/15/25 (c)		238,142
	610,000	5.00%, 12/15/27 (c)		742,974
		Clark County School District, Series D (GO)
	200,000	4.00%, 12/15/25 (c)		221,152
	25,000	5.00%, 06/15/25		29,643
	760,000	5.00%, 12/15/25 (c)		901,672
		Clark County Water Reclamation District (GO)
	630,000	3.00%, 07/01/26 (c)		681,049
	220,000	5.00%, 07/01/26		271,876
		Las Vegas Valley Water District, Series A (GO)
	500,000	4.00%, 02/01/27 (c)		563,075
	190,000	5.00%, 06/01/26 (c)		233,227
		State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB) (AGM)
	325,000	3.38%, 06/01/28 (c)		348,884
	1,000,000	4.00%, 06/01/27 (c)		1,133,410
	760,000	4.00%, 06/01/28 (c)		873,628
	760,000	4.00%, 06/01/28 (c)		878,773
	20,000	5.00%, 12/01/25		24,347
	220,000	5.00%, 06/01/26 (c)		270,345

Principal Amount			Value
Nevada: (continued)
$	1,020,000	5.00%, 06/01/26 (c)	$	1,247,888
	270,000	5.00%, 06/01/26 (c)		329,330
	795,000	5.00%, 06/01/27 (c)		984,297
		Truckee Meadows Water Authority (RB)
	355,000	5.00%, 07/01/26 (c)		428,347
	30,000	5.00%, 07/01/26 (c)		36,362
				21,399,332
New Jersey: 3.4%
	500,000	Board of Education of the Toms River Regional School District (GO) 3.00%, 07/15/26 (c)		515,475
	800,000	Camden County, New Jersey Improvement Authority, Series A (RB) 5.00%, 02/15/24 (c)		902,232
	600,000	County of Union, Technical School Bonds, Series A (GO) 3.00%, 09/01/25 (c)		641,412
	335,000	New Brunswick Parking Authority, Series A (RB) 3.00%, 09/01/26 (c)		347,753
	755,000	New Jersey Economic Development Authority, Motor Vehicle Surcharges Revenue, Series A (RB) 3.13%, 07/01/27 (c)		785,744
		New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB)
	335,000	3.38%, 07/01/27 (c)		345,636
	440,000	4.00%, 07/01/27 (c)		468,151
	450,000	4.00%, 07/01/27 (c)		480,906
	365,000	5.00%, 07/01/27 (c)		421,243
	2,030,000	New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) 4.00%, 11/01/27		2,245,687
		New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB)
	130,000	4.00%, 11/01/25		142,496
	680,000	5.00%, 11/01/25		794,451
	380,000	New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB) 5.50%, 12/15/26 (c)		449,981
		New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB)
	1,140,000	4.75%, 12/15/26 (c)		1,282,865
	275,000	5.50%, 12/15/26 (c)		328,595
		New Jersey Economic Development Authority, School Facilities Construction, Series DDD (RB)
	1,175,000	5.00%, 06/15/27 (c)		1,355,221
	615,000	5.00%, 06/15/27 (c)		706,961
	340,000	5.00%, 06/15/27 (c)		393,547
	245,000	5.00%, 06/15/27		290,918
	250,000	5.00%, 06/15/27 (c)		291,518

Principal Amount			Value
New Jersey: (continued)
		New Jersey Economic Development Authority, School Facilities Construction, Series UU (RB)
$	240,000	5.00%, 06/15/24 (c)	$	267,173
	640,000	5.00%, 06/15/24 (c)		717,446
	555,000	5.00%, 06/15/24 (c)		624,059
		New Jersey Economic Development Authority, School Facilities Construction, Series WW (RB)
	285,000	5.00%, 06/15/25 (c)		319,055
	180,000	5.00%, 06/15/25 (c)		201,877
	440,000	5.25%, 06/15/25 (c)		507,857
	100,000	5.25%, 06/15/25 (c)		114,189
	250,000	5.25%, 06/15/25 (c)		285,688
		New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
	1,195,000	4.25%, 06/15/25 (c)		1,309,828
	565,000	4.38%, 06/15/25 (c)		620,715
		New Jersey Economic Development Authority, State House Project, Series B (RB)
	1,290,000	4.00%, 12/15/28 (c)		1,422,535
	1,400,000	5.00%, 06/15/26		1,644,790
	235,000	New Jersey Educational Facilities Authority, College of New Jersey, Series G (RB) 5.00%, 07/01/25 (c)		277,284
	230,000	New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB) 5.00%, 06/15/24 (c)		257,832
	400,000	New Jersey Educational Facilities Authority, Montclair State University Issue, Series B (RB) 5.00%, 07/01/26 (c)		486,852
	200,000	New Jersey Educational Facilities Authority, Princeton University, Series A (RB) 5.00%, 07/01/25 (c)		240,658
	1,000,000	New Jersey Educational Facilities Authority, Stockton University Issue, Series A (RB) 5.00%, 07/01/26 (c)		1,183,220
	1,000,000	New Jersey Health Care Facilities Financing Authority, Hackensack Meridian Health Obligated Group Issue, Series A (RB) 5.00%, 07/01/27 (c)		1,249,250
	20,000	New Jersey Health Care Facilities Financing Authority, Hospital Corp. (RB) 5.00%, 07/01/25		23,945
	200,000	New Jersey Health Care Facilities Financing Authority, Hospital Corp., Series A (RB) (AGM) 5.00%, 07/01/25 (c)		230,602

Principal Amount			Value
New Jersey: (continued)
		New Jersey Health Care Facilities Financing Authority, Inspira Health Obligated Group Issue, Series A (RB)
$	1,475,000	3.00%, 07/01/26 (c)	$	1,522,746
	360,000	3.38%, 07/01/27 (c)		380,376
	1,590,000	New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group Issue, Series A (RB) 4.00%, 07/01/26 (c)		1,775,776
		New Jersey Health Care Facilities Financing Authority, St. Joseph’s Healthcare System Obligated Group Issue (RB)
	115,000	3.00%, 07/01/26 (c)		115,485
	150,000	3.13%, 07/01/26 (c)		151,175
	1,055,000	New Jersey Housing and Mortgage Finance Agency, Series A (RB) 3.75%, 10/01/27 (c)		1,132,363
		New Jersey State Turnpike Authority, Series B (RB)
	2,900,000	5.00%, 01/01/28 (c)		3,569,146
	1,080,000	5.00%, 01/01/28 (c)		1,331,953
	115,000	5.00%, 01/01/28 (c)		142,245
		New Jersey Transportation Trust Fund Authority, Series A (RB)
	1,330,000	4.00%, 12/15/28 (c)		1,444,752
	435,000	5.00%, 06/15/26 (c)		508,036
	500,000	5.00%, 12/15/27		600,220
	1,250,000	5.00%, 12/15/28 (c)		1,458,637
	1,575,000	5.00%, 12/15/28 (c)		1,842,592
	500,000	5.00%, 12/15/28		601,615
		New Jersey Transportation Trust Fund Authority, Series A-1 (RB)
	780,000	4.10%, 06/15/26 (c)		850,918
	800,000	5.00%, 06/15/26 (c)		946,232
		New Jersey Transportation Trust Fund Authority, Series AA (RB)
	265,000	4.25%, 06/15/25 (c)		291,487
	320,000	4.63%, 06/15/25 (c)		352,883
	655,000	4.75%, 06/15/25 (c)		717,638
	500,000	5.00%, 06/15/25 (c)		577,560
	435,000	5.25%, 06/15/25 (c)		503,821
	300,000	5.25%, 06/15/25 (c)		349,239
	170,000	New Jersey Transportation Trust Fund Authority, Series C (RB) 5.25%, 12/15/24 (c)		193,290
	1,110,000	New Jersey Transportation Trust Fund Authority, Series D (RB) 5.00%, 12/15/24 (c)		1,243,111
		New Jersey Turnpike Authority, Series A (RB)
	135,000	4.00%, 01/01/27 (c)		151,830
	285,000	5.00%, 07/01/24 (c)		329,474
	375,000	5.00%, 01/01/26 (c)		443,460
	105,000	5.00%, 01/01/26 (c)		125,399
	30,000	5.00%, 01/01/26 (c)		35,693

Principal Amount			Value
New Jersey: (continued)
$	1,625,000	5.00%, 01/01/27 (c)	$	1,987,537
	270,000	5.00%, 01/01/27 (c)		326,179
		New Jersey Turnpike Authority, Series E (RB)
	340,000	5.00%, 01/01/25 (c)		397,433
	150,000	5.00%, 01/01/27		186,131
	200,000	5.00%, 01/01/28 (c)		247,382
	115,000	5.00%, 01/01/28 (c)		144,729
		New Jersey Turnpike Authority, Series G (RB) (AGM)
	2,130,000	4.00%, 01/01/28 (c)		2,437,189
	1,000,000	5.00%, 01/01/28 (c)		1,223,720
		State of New Jersey, Various Purposes (GO)
	700,000	5.00%, 06/01/25 (c)		812,532
	130,000	5.00%, 06/01/25 (c)		153,206
	625,000	5.00%, 06/01/27		765,056
	225,000	The State University of New Jersey, Rutgers, Series M (RB) 5.00%, 05/01/26 (c)		268,634
		Tobacco Settlement Financing Corp., Series A (RB)
	360,000	5.00%, 06/01/27		438,253
	1,250,000	5.00%, 06/01/28 (c)		1,505,525
	225,000	5.00%, 06/01/28 (c)		268,589
	2,000,000	5.00%, 06/01/28 (c)		2,416,320
	195,000	5.00%, 06/01/28 (c)		238,235
	500,000	5.00%, 06/01/28 (c)		607,275
				63,288,724
New Mexico: 0.4%
		Albuquerque Bernalillo County Water Utility Authority, Senior Lien (RB)
	500,000	2.85%, 07/01/25 (c)		531,325
	985,000	5.00%, 07/01/25 (c)		1,183,044
	285,000	Albuquerque Municipal School District No. 12 (GO) (SAW) 5.00%, 08/01/26		352,263
	2,400,000	New Mexico Finance Authority, State Transportation, Senior Lien, Series B-1 (RB) 5.00%, 06/15/24 (c)		2,790,312
	520,000	Regents of the University of New Mexico, Series A (RB) 2.50%, 06/01/26 (c)		537,358
	250,000	State of New Mexico, Series A (GO) 5.00%, 03/01/27		313,330
	1,245,000	University of New Mexico, Series B (RB) 2.75%, 06/01/26 (c)		1,300,701
				7,008,333
New York: 14.3%
	1,555,000	Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB) (AGM) 4.00%, 01/15/27 (c)		1,767,460
	500,000	City of New York Housing Development Corp., Series G-1 (RB) 3.10%, 11/01/25 (c)		520,715

Principal Amount			Value
New York: (continued)
$	100,000	City of New York, Series 1 (GO) 5.00%, 08/01/26	$	123,166
		City of New York, Series A (GO)
	470,000	4.00%, 08/01/26 (c)		526,513
	15,000	5.00%, 08/01/24 (c)		17,537
	770,000	5.00%, 08/01/25 (c)		922,483
	1,100,000	5.00%, 08/01/25 (c)		1,315,094
	1,810,000	5.00%, 08/01/26 (c)		2,197,611
	500,000	5.00%, 08/01/27 (c)		625,315
	100,000	5.00%, 08/01/27		125,496
		City of New York, Series B-1 (GO)
	395,000	5.00%, 12/01/26 (c)		482,903
	100,000	5.00%, 10/01/27 (c)		122,306
	1,000,000	5.00%, 10/01/29 (c)		1,283,880
	500,000	5.00%, 10/01/29 (c)		645,330
	920,000	5.25%, 10/01/27 (c)		1,161,794
		City of New York, Series C (GO)
	210,000	5.00%, 02/01/25 (c)		248,802
	735,000	5.00%, 08/01/26		905,270
	225,000	5.00%, 02/01/27 (c)		277,949
		City of New York, Series C and D (GO)
	100,000	5.00%, 08/01/25		120,481
	110,000	5.00%, 02/01/26 (c)		133,300
	1,050,000	5.00%, 02/01/26 (c)		1,278,070
	400,000	5.00%, 02/01/26 (c)		480,512
	500,000	5.00%, 08/01/26		615,830
	1,250,000	5.00%, 02/01/28 (c)		1,545,750
	820,000	5.00%, 02/01/28 (c)		1,037,243
		City of New York, Series E (GO)
	185,000	5.00%, 08/01/26		227,857
	540,000	5.00%, 08/01/26 (c)		655,641
	560,000	5.00%, 08/01/26		689,730
		City of New York, Series E-1 (GO)
	1,015,000	5.00%, 03/01/28 (c)		1,262,883
	1,000,000	5.25%, 03/01/28 (c)		1,262,510
	1,500,000	5.25%, 03/01/28 (c)		1,913,910
	250,000	City of New York, Series F-1 (GO) 5.00%, 04/01/28 (c)		309,790
	20,000	City of New York, Series J (GO) 5.00%, 08/01/24 (c)		23,162
	280,000	City of New York, Series J-7 (GO) 5.00%, 08/01/26		344,865
	175,000	City of New York, Series L-6 (GO) 5.00%, 04/01/28		222,507
		County of Nassau, Series B (GO)
	135,000	5.00%, 04/01/24 (c)		151,922
	300,000	5.00%, 04/01/24 (c)		341,814
	500,000	County of Nassau, Series C (GO) 5.00%, 10/01/27 (c)		613,470
	105,000	County of Suffolk, Series A (GO) (AGM) 5.00%, 02/01/26		126,313
	500,000	County of Suffolk, Series C (GO) 5.00%, 05/01/24 (c)		573,750
		Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB)
	325,000	3.00%, 07/01/26 (c)		345,319
	300,000	4.00%, 07/01/26 (c)		332,169
	500,000	5.00%, 07/01/26 (c)		592,925

Principal Amount			Value
New York: (continued)
$	1,000,000	5.00%, 07/01/26	$	1,221,520
	100,000	5.00%, 07/01/26 (c)		119,256
	275,000	5.00%, 07/01/26 (c)		332,720
	300,000	5.00%, 07/01/26 (c)		359,229
		Erie County Industrial Development Agency, City School District of the City of Buffalo Project, Series A (RB) (SAW)
	770,000	5.00%, 11/01/25 (c)		936,251
	100,000	5.00%, 11/01/25 (c)		122,004
		Hudson Yards Infrastructure Corp., Series A (RB)
	450,000	5.00%, 02/15/27 (c)		550,134
	280,000	5.00%, 02/15/27 (c)		344,915
		Long Island Power Authority (RB)
	750,000	5.00%, 09/01/27 (c)		917,752
	500,000	5.00%, 09/01/27 (c)		613,540
	250,000	5.00%, 09/01/27 (c)		308,085
	40,000	Long Island Power Authority, Series B (RB) 5.00%, 09/01/26 (c)		49,096
		Metropolitan Transportation Authority, Series A (RB)
	340,000	4.00%, 11/15/26 (c)		380,008
	150,000	4.00%, 11/15/26		176,043
	205,000	5.25%, 11/15/26 (c)		253,815
	100,000	5.25%, 11/15/26 (c)		124,286
	105,000	5.25%, 11/15/26 (c)		130,268
	125,000	5.25%, 11/15/26 (c)		155,778
	290,000	5.25%, 11/15/26 (c)		364,075
		Metropolitan Transportation Authority, Series A-1 (RB)
	240,000	5.00%, 05/15/25 (c)		285,012
	845,000	5.00%, 05/15/26 (c)		1,007,324
		Metropolitan Transportation Authority, Series A-2 (RB)
	485,000	5.00%, 11/15/25		583,833
	1,020,000	5.00%, 05/15/27 (c)		1,241,503
	125,000	5.00%, 05/15/27 (c)		154,583
		Metropolitan Transportation Authority, Series B (RB)
	215,000	4.00%, 11/15/26 (c)		240,095
	1,445,000	5.00%, 11/15/25		1,739,462
	30,000	5.00%, 11/15/25		36,094
	250,000	5.00%, 11/15/26		307,270
	825,000	5.00%, 11/15/27		1,033,783
	365,000	5.00%, 11/15/28		463,090
	450,000	Metropolitan Transportation Authority, Series B-1 (RB) 5.00%, 11/15/26 (c)		545,422
		Metropolitan Transportation Authority, Series B-2 (RB)
	2,030,000	4.00%, 11/15/27 (c)		2,328,877
	15,000	5.00%, 11/15/26 (c)		18,570
	1,050,000	5.00%, 11/15/27 (c)		1,302,378
	175,000	5.00%, 11/15/27 (c)		218,757
		Metropolitan Transportation Authority, Series C-1 (RB)
	1,000,000	4.00%, 05/15/28 (c)		1,143,840
	395,000	4.00%, 05/15/28 (c)		448,412

Principal Amount			Value
New York: (continued)
$	150,000	4.00%, 05/15/28 (c)	$	169,551
	1,590,000	5.00%, 11/15/25 (c)		1,900,034
	90,000	5.00%, 11/15/26 (c)		108,273
	115,000	5.00%, 11/15/26 (c)		140,682
	900,000	5.00%, 11/15/26 (c)		1,096,209
	350,000	5.00%, 11/15/27		438,574
	2,000,000	5.00%, 05/15/28 (c)		2,437,040
	430,000	5.00%, 05/15/28 (c)		536,446
	520,000	5.00%, 05/15/28 (c)		652,574
	1,425,000	5.00%, 05/15/28 (c)		1,753,562
	2,540,000	5.00%, 05/15/28 (c)		3,104,718
	1,035,000	Metropolitan Transportation Authority, Series C-2 (RB) 0.00%, 11/15/33 ^		720,815
		Metropolitan Transportation Authority, Series D (RB)
	265,000	3.13%, 11/15/26 (c)		273,231
	400,000	4.00%, 11/15/26 (c)		450,664
	200,000	5.00%, 11/15/26		245,816
	735,000	5.00%, 11/15/26 (c)		890,225
	1,680,000	5.00%, 11/15/26 (c)		2,025,862
	535,000	5.00%, 05/15/28 (c)		653,947
	1,040,000	5.00%, 05/15/28 (c)		1,287,042
		Metropolitan Transportation Authority, Series D-1 (RB)
	690,000	5.00%, 11/15/24 (c)		794,832
	105,000	5.00%, 11/15/24 (c)		121,901
	145,000	5.00%, 11/15/25 (c)		171,393
	1,000,000	5.00%, 11/15/25 (c)		1,187,780
	175,000	5.00%, 11/15/25 (c)		208,331
		Metropolitan Transportation Authority, Series F (RB)
	600,000	5.00%, 11/15/25 (c)		701,112
	235,000	5.00%, 11/15/25 (c)		279,128
	25,000	5.00%, 11/15/25		30,079
	20,000	Nassau County Interim Finance Authority, Series A (RB) 5.00%, 11/15/25		24,529
	200,000	Nassau County, New York General Improvement, Series A (GO) 5.00%, 04/01/24 (c)		228,422
		Nassau County, New York General Improvement, Series B (GO)
	1,095,000	5.00%, 04/01/24 (c)		1,250,610
	110,000	5.00%, 10/01/26 (c)		132,574
	265,000	New York City Housing Development Corp., Multi-Family Housing, Series G-1 (RB) 3.38%, 11/01/23 (c)		279,678
	310,000	New York City Housing Development Corp., Multi-Family Housing, Series H (RB) 2.95%, 05/01/25 (c) (p)		327,186
	955,000	New York City Municipal Water Finance Authority, Water and Sewer System, Series A (RB) 4.50%, 06/15/26 (c)		1,112,651

Principal Amount			Value
New York: (continued)
$	355,000	New York City Municipal Water Finance Authority, Water and Sewer System, Series EE (RB) 5.00%, 06/15/24 (c)	$	413,199
		New York City Municipal Water Finance Authority, Water and Sewer System, Series FF (RB)
	955,000	5.00%, 12/15/19 (c)		959,212
	510,000	5.00%, 06/15/25 (c)		613,918
		New York City Transitional Finance Authority, Building Aid Revenue, Series S-1 (RB) (SAW)
	500,000	5.00%, 07/15/21 (c)		531,730
	2,185,000	5.00%, 01/15/25 (c)		2,542,466
	100,000	5.00%, 01/15/25 (c)		118,166
	690,000	5.00%, 01/15/26 (c)		822,425
		New York City Transitional Finance Authority, Building Aid Revenue, Series S-2 (RB) (SAW)
	100,000	3.50%, 07/15/25 (c)		106,437
	135,000	5.00%, 07/15/25 (c)		162,298
	1,010,000	5.00%, 07/15/28 (c)		1,274,852
		New York City Transitional Finance Authority, Building Aid Revenue, Series S-4 (RB) (SAW)
	500,000	5.00%, 07/15/28 (c)		626,200
	100,000	5.00%, 07/15/28 (c)		126,223
	1,500,000	5.25%, 07/15/28 (c)		1,901,730
	200,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A (RB) 5.00%, 08/01/24 (c)		230,442
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB)
	2,645,000	4.00%, 05/01/26 (c)		3,006,968
	880,000	5.00%, 08/01/25 (c)		1,052,489
	135,000	5.00%, 08/01/25 (c)		160,993
	1,155,000	5.00%, 08/01/25 (c)		1,365,880
	225,000	5.00%, 08/01/25 (c)		265,327
	1,100,000	5.00%, 05/01/26 (c)		1,322,827
	125,000	5.00%, 05/01/26 (c)		148,839
	1,000,000	5.00%, 05/01/26 (c)		1,194,510
	1,500,000	5.00%, 05/01/26 (c)		1,796,985
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B (RB)
	260,000	5.00%, 08/01/24 (c)		302,812
	300,000	5.00%, 08/01/24 (c)		347,994
	10,000	5.00%, 08/01/24 (c)		11,706
	30,000	5.00%, 08/01/24 (c)		35,088
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB)
	115,000	4.00%, 08/01/27 (c)		130,476
	1,225,000	5.00%, 08/01/24 (c)		1,419,089
	100,000	5.00%, 08/01/24 (c)		115,221
	450,000	5.00%, 11/01/25 (c)		535,257
	185,000	5.00%, 11/01/25 (c)		221,895

Principal Amount			Value
New York: (continued)
$	785,000	5.00%, 11/01/25 (c)	$	936,945
	1,015,000	5.00%, 08/01/26 (c)		1,222,710
	300,000	5.00%, 08/01/26 (c)		363,660
	540,000	5.00%, 08/01/26 (c)		652,919
	1,750,000	5.00%, 08/01/26 (c)		2,136,470
	1,000,000	5.00%, 08/01/27 (c)		1,229,990
	350,000	5.00%, 08/01/27 (c)		428,071
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C (RB)
	100,000	5.00%, 05/01/25 (c)		119,639
	20,000	5.00%, 11/01/25 (c)		24,193
	2,500,000	5.00%, 05/01/27 (c)		3,077,900
	1,510,000	5.00%, 05/01/27 (c)		1,840,871
	100,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E (RB) 3.50%, 05/01/27 (c)		107,805
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB)
	100,000	3.00%, 02/01/26 (c)		104,095
	15,000	4.00%, 02/01/26		17,447
	155,000	5.00%, 02/01/25 (c)		180,609
	500,000	5.00%, 02/01/26 (c)		594,625
	720,000	5.00%, 02/01/26 (c)		862,942
	2,115,000	5.00%, 02/01/26 (c)		2,554,137
	1,500,000	5.00%, 02/01/26 (c)		1,804,230
	1,155,000	5.00%, 02/01/27 (c)		1,418,490
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series F (RB)
	685,000	4.00%, 02/01/26 (c)		772,207
	715,000	5.00%, 02/01/26 (c)		860,016
	830,000	5.00%, 02/01/26 (c)		994,780
		New York City Trust for Cultural Resources, The Museum of Modern Art, Series 1-E (RB)
	305,000	4.00%, 04/01/26		358,869
	745,000	4.00%, 10/01/26 (c)		865,370
	850,000	4.00%, 10/01/26 (c)		995,987
	1,000,000	New York City Water and Sewer System, Series AA (RB) 5.00%, 12/15/29 (c)		1,296,000
		New York City Water and Sewer System, Series BB (RB)
	310,000	5.00%, 06/15/27 (c)		381,582
	595,000	5.00%, 06/15/27 (c)		752,853
	750,000	New York City Water and Sewer System, Series DD (RB) 5.00%, 06/15/24 (c)		860,850
	135,000	New York City Water and Sewer System, Series EE (RB) 5.00%, 06/15/27 (c)		165,576
		New York City Water and Sewer System, Series FF (RB)
	195,000	5.00%, 06/15/25 (c)		233,877
	120,000	5.00%, 06/15/25 (c)		143,320

Principal Amount			Value
New York: (continued)
$	100,000	New York City Water and Sewer System, Series GG (RB) 5.00%, 06/15/25 (c)	$	119,937
		New York City Water and Sewer System, Series HH (RB)
	250,000	3.38%, 06/15/25 (c)		267,713
	25,000	5.00%, 06/15/25 (c)		30,128
	305,000	New York Convention Center Development Corp. (RB) 5.00%, 11/15/25 (c)		365,896
		New York State Dormitory Authority, Columbia University (RB)
	10,000	5.00%, 10/01/25		12,281
	110,000	5.00%, 04/01/26 (c)		136,484
	20,000	5.00%, 04/01/26 (c)		24,744
	100,000	5.00%, 10/01/26		126,101
	105,000	New York State Dormitory Authority, Columbia University, Series A (RB) 5.00%, 10/01/25		128,954
	25,000	New York State Dormitory Authority, Columbia University, Series B (RB) 5.00%, 10/01/27		32,280
		New York State Dormitory Authority, Cornell University, Series A (RB)
	200,000	4.00%, 07/01/26 (c)		227,810
	130,000	5.00%, 07/01/26		161,875
	230,000	5.00%, 07/01/26 (c)		282,028
	800,000	New York State Dormitory Authority, Fordham University (RB) 4.00%, 07/01/27 (c)		901,960
	770,000	New York State Dormitory Authority, Icahn School of Medicine at Mount Sinai, Series A (RB) 5.00%, 07/01/25 (c)		912,573
	105,000	New York State Dormitory Authority, Long Island Jewish Obligated Group, Series A (RB) 5.00%, 05/01/25 (c)		124,275
	170,000	New York State Dormitory Authority, New York NYU Hospitals Center, Series A (RB) 5.00%, 07/01/26		208,626
		New York State Dormitory Authority, New York State University, Series A (RB)
	30,000	5.00%, 07/01/25		36,099
	20,000	5.00%, 07/01/25 (c)		23,693
	15,000	5.00%, 07/01/25 (c)		18,030
	160,000	5.00%, 07/01/25 (c)		191,040
		New York State Dormitory Authority, New York State University, Series B (RB)
	200,000	5.00%, 07/01/25 (c)		236,056
	20,000	5.00%, 07/01/25 (c)		23,705
		New York State Dormitory Authority, New York University, Series A (RB)
	1,000,000	2.80%, 07/01/25 (c)		1,079,040
	260,000	5.00%, 07/01/26		323,183
	260,000	5.00%, 07/01/26 (c)		318,258

Principal Amount			Value
New York: (continued)
$	250,000	5.00%, 07/01/27 (c)	$	312,883
	250,000	5.00%, 07/01/27 (c)		316,540
	385,000	5.00%, 07/01/28 (c)		490,097
	100,000	5.00%, 07/01/29 (c)		131,506
		New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (SAW)
	1,325,000	5.00%, 10/01/26 (c)		1,620,978
	200,000	5.00%, 10/01/26 (c)		242,978
	620,000	5.00%, 10/01/27 (c)		777,052
	100,000	5.00%, 10/01/27 (c)		124,116
	55,000	New York State Dormitory Authority, School Districts Bond Financing Program, Series D (RB) (SAW) 5.00%, 10/01/25 (c)		65,570
	1,170,000	New York State Dormitory Authority, School Districts Bond Financing Program, Series G (RB) (SAW) 5.00%, 10/01/25		1,419,690
	525,000	New York State Dormitory Authority, Sloan-Kettering Cancer Center, Series 1 (RB) 4.00%, 07/01/27 (c)		604,590
		New York State Dormitory Authority, State Personal Income Tax, Series A (RB)
	475,000	4.00%, 02/15/27 (c)		539,096
	160,000	5.00%, 02/15/25 (c)		185,774
	15,000	5.00%, 02/15/25 (c)		17,753
	2,000,000	5.00%, 03/15/25 (c)		2,338,500
	195,000	5.00%, 03/15/25 (c)		227,239
	1,150,000	5.00%, 03/15/25 (c)		1,347,926
	150,000	5.00%, 03/15/25 (c)		177,915
	1,760,000	5.00%, 03/15/25 (c)		2,075,198
	1,040,000	5.00%, 08/15/26 (c)		1,277,713
	300,000	5.00%, 02/15/27 (c)		365,166
	1,375,000	5.00%, 02/15/27 (c)		1,698,730
	715,000	5.00%, 02/15/27 (c)		873,616
	1,500,000	5.00%, 03/15/29 (c)		1,900,620
	3,700,000	5.00%, 03/15/29 (c)		4,657,930
	1,500,000	5.00%, 03/15/29 (c)		1,893,900
		New York State Dormitory Authority, State Personal Income Tax, Series B (RB)
	1,025,000	5.00%, 02/15/25 (c)		1,203,135
	2,000,000	5.00%, 08/15/27 (c)		2,472,160
	640,000	5.00%, 08/15/27 (c)		803,994
	385,000	New York State Dormitory Authority, State Personal Income Tax, Series C (RB) 5.00%, 03/15/24 (c)		442,865
		New York State Dormitory Authority, State Personal Income Tax, Series D (RB)
	940,000	5.00%, 08/15/26 (c)		1,135,003
	315,000	5.00%, 08/15/26 (c)		385,469
	540,000	5.00%, 08/15/26 (c)		663,428

Principal Amount			Value
New York: (continued)
		New York State Dormitory Authority, State Personal Income Tax, Series E (RB)
$	510,000	5.00%, 02/15/25 (c)	$	600,132
	320,000	5.00%, 02/15/25 (c)		378,739
	350,000	5.00%, 09/15/25 (c)		415,590
	2,040,000	5.00%, 09/15/25 (c)		2,415,890
	100,000	5.00%, 09/15/25 (c)		120,689
	215,000	5.00%, 09/15/25 (c)		256,938
	175,000	5.25%, 09/15/25 (c)		209,146
		New York State Dormitory Authority, State Sales Tax, Series A (RB)
	115,000	5.00%, 03/15/24 (c)		131,703
	570,000	5.00%, 03/15/24 (c)		652,240
	715,000	5.00%, 03/15/24 (c)		815,879
	775,000	5.00%, 03/15/24 (c)		898,085
	100,000	5.00%, 03/15/24 (c)		115,743
	1,060,000	5.00%, 03/15/24 (c)		1,225,413
	20,000	5.00%, 03/15/25 (c)		23,767
	140,000	5.00%, 09/15/26 (c)		169,960
	25,000	5.00%, 09/15/26 (c)		30,169
	2,380,000	5.00%, 09/15/26 (c)		2,917,666
	1,010,000	5.00%, 09/15/26 (c)		1,248,077
	2,350,000	5.00%, 09/15/26 (c)		2,892,709
	1,000,000	5.00%, 03/15/27 (c)		1,216,250
	1,405,000	5.00%, 03/15/27 (c)		1,705,501
	305,000	5.00%, 03/15/27 (c)		375,467
	515,000	5.00%, 03/15/27 (c)		631,153
		New York State Dormitory Authority, State Sales Tax, Series B (RB)
	340,000	5.00%, 09/15/25 (c)		404,532
	1,640,000	5.00%, 09/15/25 (c)		1,945,286
	500,000	5.00%, 09/15/25 (c)		591,820
	120,000	5.00%, 09/15/25 (c)		145,204
	285,000	5.00%, 09/15/25 (c)		341,829
	170,000	5.00%, 09/15/25 (c)		204,078
	750,000	New York State Dormitory Authority, State Sales Tax, Series C (RB) 5.00%, 03/15/28 (c)		926,257
	2,500,000	New York State Dormitory Authority, State Sales Tax, Series E (RB) 5.00%, 03/15/26		3,072,000
		New York State Dormitory Authority, Supported Debt Montefiore, Series A (RB)
	950,000	5.00%, 08/01/26		1,148,987
	315,000	5.00%, 08/01/27		388,833
	1,000,000	5.00%, 08/01/28 (c)		1,217,190
	10,000	New York State Environmental Facilities Corp., Master Finance Program, Series B (RB) 5.00%, 05/15/24 (c)		11,621
		New York State Environmental Facilities Corp., Master Finance Program, Series D (RB)
	690,000	5.00%, 03/15/25 (c)		825,523
	110,000	5.00%, 03/15/25 (c)		131,831
	100,000	5.00%, 03/15/25 (c)		119,905

Principal Amount			Value
New York: (continued)
		New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series A (RB)
$	335,000	5.00%, 06/15/25 (c)	$	398,797
	15,000	5.00%, 06/15/25 (c)		17,957
	1,415,000	5.00%, 06/15/26 (c)		1,716,013
	765,000	5.00%, 06/15/26 (c)		932,818
	500,000	5.00%, 06/15/26 (c)		612,635
	150,000	5.00%, 06/15/27 (c)		184,466
		New York State Environmental Facilities Corp., Municipal Water Finance Authority Projects, Series E (RB)
	495,000	3.00%, 06/15/27 (c)		524,126
	500,000	5.00%, 06/15/27 (c)		616,370
	1,000,000	5.00%, 06/15/27 (c)		1,235,300
	500,000	5.00%, 06/15/27		632,365
		New York State Thruway Authority, Series A (RB)
	600,000	5.00%, 01/01/26 (c)		710,304
	650,000	5.00%, 01/01/26 (c)		775,021
		New York State Thruway Authority, Series K (RB)
	1,040,000	5.00%, 01/01/25 (c)		1,211,756
	1,000,000	5.00%, 01/01/25 (c)		1,167,300
		New York State Thruway Authority, Series L (RB)
	1,500,000	5.00%, 01/01/28 (c)		1,879,875
	1,000,000	5.00%, 01/01/28 (c)		1,248,700
		New York State Urban Development Corp., State Personal Income, Series A (RB)
	780,000	5.00%, 03/15/24 (c)		895,775
	115,000	5.00%, 03/15/24 (c)		130,988
	125,000	5.00%, 03/15/24 (c)		143,490
	1,010,000	5.00%, 09/15/25 (c)		1,201,122
	170,000	5.00%, 09/15/25 (c)		202,475
	140,000	5.00%, 09/15/25 (c)		167,222
	670,000	5.00%, 03/15/26 (c)		812,663
	1,200,000	5.00%, 03/15/26 (c)		1,465,608
	990,000	5.00%, 03/15/26		1,215,146
	750,000	5.00%, 03/15/27 (c)		923,865
	645,000	5.00%, 03/15/27		809,733
		New York State Urban Development Corp., State Personal Income, Series B (RB)
	740,000	5.00%, 03/15/24 (c)		850,201
	1,100,000	5.00%, 09/15/25 (c)		1,322,772
		New York State Urban Development Corp., State Personal Income, Series C (RB)
	2,500,000	5.00%, 03/15/27		3,138,500
	2,000,000	5.00%, 09/15/27 (c)		2,472,880
	350,000	5.00%, 09/15/27 (c)		434,238
		Port Authority of New York and New Jersey, Series 184 (RB)
	205,000	5.00%, 09/01/24 (c)		237,013
	230,000	5.00%, 09/01/24 (c)		266,296
	190,000	5.00%, 09/01/24 (c)		221,099

Principal Amount			Value
New York: (continued)
$	20,000	Port Authority of New York and New Jersey, Series 189 (RB) 5.00%, 05/01/25	$	24,050
		Port Authority of New York and New Jersey, Series 190 (RB)
	900,000	5.00%, 05/01/20 (c)		916,848
	100,000	5.00%, 05/01/20 (c)		101,917
		Port Authority of New York and New Jersey, Series 194 (RB)
	130,000	5.00%, 10/15/25 (c)		154,687
	100,000	5.00%, 10/15/25 (c)		119,136
		Port Authority of New York and New Jersey, Series 205 (RB)
	2,500,000	5.00%, 11/15/27 (c)		3,115,725
	1,000,000	5.00%, 11/15/27 (c)		1,254,310
	840,000	5.00%, 11/15/27 (c)		1,063,852
	500,000	Port Authority of New York and New Jersey, Series 209 (RB) 5.00%, 07/15/28 (c)		622,260
	500,000	Port Authority of New York and New Jersey, Series 211 (RB) 5.00%, 09/01/28 (c)		627,605
		Sales Tax Asset Receivable Corp., Series A (RB)
	335,000	3.00%, 10/15/24 (c)		359,147
	2,580,000	5.00%, 10/15/24 (c)		3,031,139
	1,200,000	5.00%, 10/15/24 (c)		1,412,988
	2,225,000	5.00%, 10/15/24 (c)		2,616,400
	130,000	5.00%, 10/15/24 (c)		153,278
	305,000	5.00%, 10/15/24 (c)		360,900
	790,000	State of New York Mortgage Agency, Series 191 (RB) 3.45%, 04/01/24 (c)		831,791
	470,000	State of New York Mortgage Agency, Series 192 (RB) 3.80%, 10/01/24 (c)		499,257
	615,000	State of New York Mortgage Agency, Series 195 (RB) 3.00%, 04/01/25 (c)		635,627
	775,000	State of New York Mortgage Agency, Series 197 (RB) 2.60%, 04/01/25 (c)		786,516
	830,000	State of New York Mortgage Agency, Series 208 (RB) 3.60%, 04/01/27 (c)		892,864
	10,000	Suffolk County Water Authority (RB) 4.00%, 06/01/25 (c)		11,313
	20,000	Triborough Bridge and Tunnel Authority, Series A (RB) 5.00%, 05/15/26 (c)		24,353
		Triborough Bridge and Tunnel Authority, Series B (RB)
	115,000	5.00%, 11/15/25		140,666
	1,070,000	5.00%, 05/15/27 (c)		1,317,256
	1,255,000	5.00%, 05/15/27 (c)		1,540,086
	1,550,000	5.00%, 05/15/27 (c)		1,916,141
	1,000,000	5.00%, 05/15/27 (c)		1,261,690
	1,035,000	5.00%, 05/15/27 (c)		1,292,073
	1,350,000	5.00%, 05/15/27 (c)		1,675,255
	1,000,000	5.00%, 11/15/31		1,375,840

Principal Amount			Value
New York: (continued)
		Triborough Bridge and Tunnel Authority, Series C (RB)
$	1,165,000	5.00%, 11/15/27	$	1,494,159
	500,000	5.00%, 11/15/28		655,300
	130,000	TSASC, Inc., Tobacco Settlement Bonds, Series A (RB) 5.00%, 06/01/27 (c)		157,693
		TSASC, Inc., Tobacco Settlement Bonds, Series A (RB)
	845,000	5.00%, 06/01/27 (c)		995,773
	185,000	5.00%, 06/01/27 (c)		223,180
		Utility Debt Securitization Authority (RB)
	1,210,000	3.00%, 12/15/25 (c)		1,279,430
	200,000	5.00%, 12/15/25 (c)		242,964
	1,685,000	5.00%, 12/15/25 (c)		2,035,042
		Utility Debt Securitization Authority, Series A (RB)
	140,000	5.00%, 06/15/23 (c)		159,012
	455,000	5.00%, 06/15/24 (c)		532,018
	360,000	5.00%, 06/15/25 (c)		431,842
	185,000	5.00%, 12/15/25 (c)		224,742
	425,000	5.00%, 06/15/26 (c)		522,435
	610,000	5.00%, 06/15/26 (c)		739,314
	500,000	5.00%, 06/15/26 (c)		601,725
	1,135,000	Utility Debt Securitization Authority, Series B (RB) 5.00%, 06/15/26 (c)		1,383,792
				269,598,568
North Carolina: 1.5%
	450,000	Cape Fear Public Utility Authority, Water and Sewer System (RB) 4.00%, 08/01/26 (c)		514,660
	100,000	Charlotte-Mecklenburg Hospital Authority, Carolinas Healthcare System, Series A (RB) 4.00%, 01/15/26 (c)		111,424
	590,000	County of Forsyth, Public Improvement, Series B (GO) 3.00%, 03/01/27 (c)		624,450
		County of Guilford (GO)
	135,000	4.00%, 03/01/26		157,521
	1,000,000	5.00%, 03/01/27		1,258,880
		County of Mecklenburg, Series A (GO)
	900,000	4.00%, 04/01/27 (c)		1,045,044
	1,000,000	4.00%, 04/01/27 (c)		1,170,510
		County of Mecklenburg, Series B (GO)
	250,000	2.00%, 12/01/26 (c)		246,958
	500,000	5.00%, 12/01/25		610,970
	1,300,000	County of New Hanover, New Hanover Regional Medical Center (RB) 5.00%, 10/01/27 (c)		1,532,427
	1,000,000	County of Wake (RB) 5.00%, 09/01/29 (c)		1,298,160
		County of Wake, Series A (RB)
	150,000	3.13%, 08/01/28 (c)		159,636
	500,000	5.00%, 12/01/26 (c)		615,815

Principal Amount			Value
North Carolina: (continued)
$	130,000	North Carolina Capital Facilities Finance Agency (RB) 5.00%, 07/01/26 (c)	$	159,912
	25,000	North Carolina Medical Care Commission, Duke University Health System, Series A (RB) 5.00%, 06/01/26		30,711
	10,000	North Carolina Medical Care Commission, Duke University Health System, Series D (RB) 4.00%, 06/01/26 (c)		11,370
	365,000	North Carolina Medical Care Commission, Health Care Facilities, Series A (RB) 5.00%, 06/01/27		457,944
	135,000	North Carolina Medical Care Commission, Vidant Health (RB) 5.00%, 06/01/25 (c)		157,791
	1,000,000	North Carolina Municipal Power Agency No. 1, Series A (RB) 5.00%, 01/01/30 (c)		1,290,810
		North Carolina Turnpike Authority, Triangle Expressway System (RB) (AGM)
	500,000	5.00%, 01/01/26		598,445
	500,000	5.00%, 01/01/27 (c)		597,475
	945,000	5.00%, 01/01/27 (c)		1,150,632
		North Carolina Turnpike Authority, Triangle Expressway System, Series A (RB)
	1,000,000	4.00%, 01/01/28 (c)		1,141,440
	360,000	4.00%, 01/01/28 (c)		411,919
	1,010,000	4.00%, 01/01/28 (c)		1,158,116
		State of North Carolina, Grant Anticipation Revenue Vehicle (RB)
	75,000	5.00%, 03/01/25 (c)		88,898
	2,500,000	5.00%, 03/01/29 (c)		3,195,900
		State of North Carolina, Series A (GO)
	380,000	3.00%, 06/01/28 (c)		405,065
	1,000,000	3.00%, 06/01/28 (c)		1,071,440
	500,000	5.00%, 06/01/26		618,835
	1,140,000	5.00%, 06/01/28 (c)		1,459,941
		State of North Carolina, Series B (RB)
	1,000,000	3.00%, 05/01/27 (c)		1,062,810
	1,140,000	5.00%, 06/01/26 (c)		1,405,814
	215,000	5.00%, 05/01/27		269,956
	1,000,000	5.00%, 05/01/27 (c)		1,243,900
	500,000	State of North Carolina, Series C (RB) 5.00%, 05/01/24 (c)		579,400
				27,914,979
North Dakota: 0.4%
	1,010,000	County of Ward, North Dakota Health Care Facilities, Series C (RB) 5.00%, 06/01/28 (c)		1,178,044
	2,000,000	North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series D (RB) (SAW) 3.55%, 01/01/28 (c)		2,138,200

Principal Amount			Value
North Dakota: (continued)
$	2,580,000	North Dakota Housing Finance Agency, Home Mortgage Finance Program, Series F (RB) 3.35%, 01/01/27 (c)	$	2,732,194
		North Dakota Public Finance Authority, Series A (RB)
	1,085,000	5.00%, 10/01/24 (c)		1,261,204
	900,000	5.00%, 10/01/24 (c)		1,052,487
				8,362,129
Ohio: 2.5%
	500,000	City of Cleveland, Bridges and Roadways Improvements, Series B-2 (RB) 5.00%, 04/01/28 (c)		624,055
		City of Columbus, Series 1 (GO)
	250,000	4.00%, 04/01/27		295,395
	200,000	4.00%, 10/01/27 (c)		232,658
	250,000	5.00%, 10/01/27 (c)		316,625
	750,000	5.00%, 10/01/27 (c)		946,057
		City of Columbus, Sewerage Revenue (RB)
	1,520,000	5.00%, 12/01/24 (c)		1,801,899
	250,000	5.00%, 12/01/24 (c)		292,560
	25,000	5.00%, 12/01/24 (c)		29,551
	500,000	5.00%, 12/01/24 (c)		589,235
		City of Columbus, Various Purpose, Series A (GO)
	300,000	3.00%, 07/01/25 (c)		321,414
	500,000	3.00%, 07/01/25 (c)		537,515
	750,000	3.00%, 07/01/25 (c)		815,377
	960,000	3.00%, 08/15/25 (c)		1,012,080
	750,000	3.10%, 07/01/25 (c)		800,302
	1,120,000	3.20%, 07/01/25 (c)		1,194,861
	1,100,000	4.00%, 08/15/25 (c)		1,257,509
	1,000,000	City of Columbus, Various Purpose, Series B (GO) 5.00%, 04/01/29 (c)		1,288,120
	10,000	Cleveland Municipal School District, Series A (GO) (SD CRED PROG) 5.00%, 06/01/23 (c)		11,169
		County of Allen, Mercy Health, Series A (RB)
	1,000,000	5.00%, 02/01/28 (c)		1,231,820
	115,000	5.00%, 02/01/28 (c)		143,551
		County of Butler (RB)
	400,000	4.00%, 11/15/27 (c)		442,856
	1,805,000	5.00%, 11/15/27 (c)		2,174,321
		County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
	100,000	5.00%, 02/15/27 (c)		116,121
	250,000	5.00%, 02/15/27 (c)		294,300
	350,000	County of Cuyahoga, Various Purpose Sales Tax (RB) 3.13%, 12/01/24 (c)		366,957
		County of Franklin, Series A (RB)
	145,000	5.00%, 11/01/27 (c)		178,853
	125,000	5.00%, 11/01/27 (c)		154,658
	120,000	5.00%, 11/01/27 (c)		148,962

Principal Amount			Value
Ohio: (continued)
$	340,000	County of Hamilton, Sales Tax, Series A (RB) 5.00%, 12/01/26 (c)	$	414,423
		County of Hamilton, Sewer System Revenue, Series A (RB)
	100,000	5.00%, 12/01/24 (c)		117,131
	375,000	5.00%, 12/01/24 (c)		439,425
	1,350,000	5.00%, 12/01/24 (c)		1,583,455
	165,000	County of Scioto, Southern Ohio Medical Center (RB) 3.38%, 02/15/26 (c)		171,595
		Cuyahoga Community College District (GO)
	500,000	4.00%, 06/01/26 (c)		562,730
	350,000	4.00%, 06/01/26 (c)		394,922
		Dayton City School District (GO) (SD CRED PROG)
	305,000	5.00%, 11/01/26		375,238
	35,000	5.00%, 11/01/28		44,512
	95,000	5.00%, 11/01/29		122,219
	50,000	Franklin County Convention Facilities Authority (RB) 5.00%, 12/01/24 (c)		58,377
	20,000	Kent State University (RB) 5.00%, 05/01/26 (c)		24,308
	30,000	Miami University (RB) 5.00%, 09/01/25		36,132
	1,000,000	Northeast Ohio Regional Sewer District (RB) 3.00%, 11/15/29 (c)		1,052,470
		Ohio Turnpike and Infrastructure Commission, Series A (RB)
	500,000	5.00%, 02/15/28 (c)		619,415
	500,000	5.00%, 02/15/28 (c)		623,785
	500,000	5.00%, 02/15/28 (c)		628,325
	1,020,000	Ohio Water Development Authority, Fresh Water (RB) 5.00%, 03/01/28 (c)		1,304,539
	125,000	Ohio Water Development Authority, Fresh Water, Series A (RB) 5.00%, 06/01/26 (c)		153,321
		Ohio Water Development Authority, Fresh Water, Series B (RB)
	140,000	5.00%, 06/01/26 (c)		169,466
	1,000,000	5.00%, 12/01/26 (c)		1,225,590
	200,000	5.00%, 12/01/26 (c)		245,706
		Ohio Water Development Authority, Water Pollution Control, Series A (RB)
	10,000	5.00%, 06/01/25		12,017
	2,355,000	5.00%, 06/01/27 (c)		2,906,447
		Ohio Water Development Authority, Water Pollution Control, Series B (RB)
	20,000	5.00%, 12/01/25 (c)		24,234
	40,000	5.00%, 12/01/25 (c)		48,616
		State of Ohio Hospital, Cleveland Clinic Health System, Series A (RB)
	760,000	4.00%, 01/01/28 (c)		865,936
	1,875,000	5.00%, 03/15/24 (c)		2,148,937

Principal Amount			Value
Ohio: (continued)
$	140,000	5.00%, 01/01/27	$	173,936
	130,000	5.00%, 01/01/28 (c)		160,659
	115,000	5.00%, 01/01/28 (c)		144,202
	110,000	5.00%, 01/01/28 (c)		138,820
	130,000	5.00%, 01/01/28 (c)		162,022
		State of Ohio, Capital Facilities Lease Appropriation Bonds, Series A (RB)
	700,000	5.00%, 04/01/25 (c)		827,022
	615,000	5.00%, 04/01/28 (c)		765,921
	1,005,000	5.00%, 04/01/28 (c)		1,244,562
	640,000	5.00%, 04/01/28 (c)		794,720
	25,000	State of Ohio, Common School, Series A (GO) 5.00%, 03/15/24 (c)		28,608
		State of Ohio, Common Schools, Series A (GO)
	1,500,000	5.00%, 03/15/23 (c)		1,684,785
	500,000	5.00%, 03/15/24 (c)		577,825
	960,000	5.00%, 09/15/26		1,189,862
	25,000	State of Ohio, Higher Education, Series A (GO) 5.00%, 08/01/25		30,290
	395,000	State of Ohio, Higher Education, Series C (GO) 5.00%, 08/01/27		498,676
	165,000	State of Ohio, Higher Educational Facility, Case Western Reserve University Project (RB) 3.25%, 12/01/25 (c)		172,602
	550,000	State of Ohio, Highway Capital Improvement, Series S (GO) 5.00%, 05/01/26 (c)		667,375
	1,000,000	State of Ohio, Highway Capital Improvement, Series T (GO) 5.00%, 05/01/27 (c)		1,231,280
	1,000,000	State of Ohio, Highway Capital Improvement, Series U (GO) 5.00%, 05/01/28		1,284,620
	350,000	State of Ohio, Infrastructure Project, Series 1 (RB) 5.00%, 06/15/26 (c)		427,514
	225,000	State of Ohio, Major New State Infrastructure Improvement Bonds (RB) 5.00%, 06/15/26 (c)		274,725
	100,000	State of Ohio, Major New State Infrastructure Improvement Bonds, Series B (GO) 4.00%, 03/01/24 (c)		111,299
	100,000	State of Ohio, Parks and Recreation Improvement, Series A (RB) 5.00%, 12/01/27 (c)		125,205
	500,000	State of Ohio, Parks and Recreation Improvement, Series C (RB) 5.00%, 12/01/26 (c)		612,430
	100,000	Village of Bluffton, Blanchard Valley Health System (RB) 4.00%, 12/01/27 (c)		109,780
				47,430,792

Principal Amount			Value
Oklahoma: 0.3%
		Canadian County Educational Facilities Authority (RB)
$	330,000	3.00%, 09/01/26 (c)	$	349,985
	1,000,000	5.00%, 09/01/26 (c)		1,213,650
		Grand River Dam Authority, Series A (RB)
	1,065,000	5.00%, 06/01/24 (c)		1,225,985
	150,000	5.00%, 06/01/24 (c)		172,986
	130,000	5.00%, 06/01/24 (c)		151,130
	320,000	5.00%, 06/01/26		392,426
	130,000	5.00%, 12/01/26 (c)		158,064
	100,000	5.00%, 12/01/26 (c)		122,060
	155,000	Oklahoma Capitol Improvement Authority (RB) 4.00%, 07/01/26 (c)		173,349
	15,000	Oklahoma Development Finance Authority, Integris Obligated Group, Series A (RB) 5.00%, 08/15/25 (c)		17,676
	565,000	Oklahoma Turnpike Authority, Series C (RB) 5.00%, 01/01/27 (c)		684,057
	100,000	Oklahoma Turnpike Authority, Series D (RB) 5.00%, 01/01/27		124,857
		Oklahoma Turnpike Authority, Series E (RB)
	100,000	5.00%, 01/01/27 (c)		123,068
	155,000	5.00%, 01/01/27 (c)		192,378
	530,000	Tulsa County Industrial Authority (RB) 5.00%, 09/01/25 (c)		633,276
	30,000	University of Oklahoma, Series C (RB) 5.00%, 07/01/25 (c)		35,320
				5,770,267
Oregon: 1.2%
	410,000	City of Eugene, Electric Utility System Revenue, Series A (RB) 4.00%, 08/01/26 (c)		464,243
	1,285,000	Corvallis School District No. 509J, Series B (GO) (SBG) 5.00%, 06/15/28 (c)		1,609,193
		Hillsboro School District No. 1J (GO) (SBG)
	590,000	5.00%, 06/15/27 (c)		723,210
	1,000,000	5.00%, 06/15/27 (c)		1,239,180
	375,000	Medford School District No. 549C (GO) (SBG) 5.00%, 06/15/25 (c)		448,185
		Multnomah and Clackamas Counties School District No. 10JT (GO) (SBG)
	930,000	0.00%, 06/15/27 (c) ^		612,554
	1,030,000	0.00%, 06/15/27 (c) ^		716,128
	500,000	Multnomah and Clackamas Counties School District No. 7J (GO) (SBG) 4.00%, 06/01/27 (c)		569,150
	130,000	Multnomah County School District No. 7, Series B (GO) (SBG) 0.00%, 06/15/25 (c) ^		89,103

Principal Amount			Value
Oregon: (continued)
		North Clackamas School District No. 12 (GO) (SBG)
$	510,000	5.00%, 06/15/24 (c)	$	592,860
	1,385,000	5.00%, 06/15/24 (c)		1,611,586
	200,000	Oregon Health and Science University, Series B (RB) 5.00%, 07/01/26 (c)		240,904
		Oregon State Facilities Authority, Samaritan Health Services Project, Series A (RB)
	195,000	5.00%, 10/01/26 (c)		228,031
	430,000	5.00%, 10/01/26 (c)		504,476
	25,000	Oregon State Lottery, Department of Administrative Services, Series B (RB) 5.00%, 04/01/24 (c)		29,027
	120,000	Oregon State Lottery, Department of Administrative Services, Series C (RB) 5.00%, 04/01/27 (c)		150,158
	115,000	Portland Community College District (GO) 5.00%, 06/15/26 (c)		140,777
		Salem-Keizer School District No. 24J (GO) (SBG)
	475,000	4.00%, 06/15/28 (c)		550,154
	515,000	5.00%, 06/15/28 (c)		652,165
	125,000	Sherwood School District No. 88J, Series B (GO) (SBG) 5.00%, 06/15/27 (c)		154,413
	690,000	State of Oregon, Department of Administrative Services, Lottery Revenue, Series A (RB) 5.00%, 04/01/27 (c)		859,581
		State of Oregon, Department of Administrative Services, Lottery Revenue, Series D (RB)
	690,000	5.00%, 04/01/25 (c)		819,154
	1,440,000	5.00%, 04/01/25 (c)		1,715,717
		State of Oregon, Department of Transportation, Highway User Tax, Senior Lien, Series A (RB)
	250,000	4.00%, 11/15/24 (c)		275,893
	160,000	5.00%, 11/15/24 (c)		187,110
	745,000	5.00%, 11/15/24 (c)		874,950
	2,100,000	5.00%, 11/15/24 (c)		2,461,557
	1,520,000	5.00%, 11/15/24 (c)		1,779,084
	450,000	State of Oregon, Higher Education, Series I (GO) 4.00%, 08/01/27 (c)		514,971
	145,000	State of Oregon, Seismic Project and Article XI-Q, Series A (GO) 5.00%, 05/01/27 (c)		179,307
	10,000	State of Oregon, Seismic Project and Article XI-Q, Series F (GO) 5.00%, 05/01/26 (c)		12,205

Principal Amount			Value
Oregon: (continued)
		Tri-County Metropolitan Transportation District of Oregon, Series A (RB)
$	320,000	3.25%, 04/01/28 (c)	$	338,979
	235,000	5.00%, 10/01/26		288,606
	350,000	Washington and Clackamas Counties, Tigard-Tualatin School District No. 23 (GO) (SBG) 5.00%, 06/15/26		431,826
				22,064,437
Pennsylvania: 4.4%
		Allegheny County Hospital Development Authority, Series A (RB)
	100,000	5.00%, 04/01/27		122,800
	120,000	5.00%, 04/01/28 (c)		145,286
	2,020,000	5.00%, 07/15/29 (c)		2,536,474
		Allegheny County Sanitary Authority, Sewer Revenue (RB) (AGM)
	100,000	4.00%, 12/01/26 (c)		112,664
	290,000	5.00%, 12/01/25 (c)		343,470
	10,000	5.00%, 12/01/25		12,200
	380,000	City of Philadelphia (GO) (AGM) 5.00%, 08/01/27 (c)		467,430
	1,000,000	City of Philadelphia, Pennsylvania Gas Works, Series 14 (RB) 5.00%, 10/01/26 (c)		1,199,470
		City of Philadelphia, Series A (GO)
	745,000	5.00%, 08/01/25 (c)		885,246
	285,000	5.00%, 08/01/25 (c)		341,091
	100,000	5.00%, 08/01/27 (c)		121,468
	750,000	5.00%, 08/01/27 (c)		917,100
	750,000	5.00%, 08/01/27 (c)		921,570
	110,000	City of Philadelphia, Water and Wastewater Revenue (RB) 5.00%, 10/01/25		133,126
	10,000	City of Philadelphia, Water and Wastewater Revenue, Series B (RB) 5.00%, 07/01/25 (c)		11,866
		Commonwealth Financing Authority, Series A (RB)
	200,000	5.00%, 06/01/25 (c)		230,892
	500,000	5.00%, 06/01/25 (c)		578,135
	1,000,000	5.00%, 06/01/28		1,235,250
	1,000,000	5.00%, 06/01/29		1,255,260
	1,000,000	5.00%, 06/01/30 (c)		1,254,940
	250,000	5.00%, 06/01/30 (c)		314,848
		Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB)
	415,000	5.00%, 06/01/28 (c)		507,835
	265,000	5.00%, 06/01/28 (c)		326,109
	775,000	5.00%, 06/01/28 (c)		957,381
		Commonwealth of Pennsylvania, First Series (GO)
	510,000	3.00%, 01/01/27 (c)		537,326
	600,000	4.00%, 01/01/27 (c)		679,698
	650,000	5.00%, 03/15/25 (c)		761,286
	1,045,000	5.00%, 03/15/25 (c)		1,216,098

Principal Amount			Value
Pennsylvania: (continued)
$	230,000	5.00%, 03/15/25 (c)	$	266,632
	200,000	5.00%, 03/15/25 (c)		237,338
	775,000	5.00%, 08/15/25		930,876
	935,000	5.00%, 09/15/25		1,125,525
	500,000	5.00%, 02/01/26 (c)		601,375
	1,605,000	5.00%, 09/15/26		1,963,364
		Commonwealth of Pennsylvania, Second Series (GO) (AGM)
	395,000	3.00%, 09/15/26 (c)		411,689
	1,160,000	3.00%, 09/15/26 (c)		1,199,950
	350,000	4.00%, 08/15/25 (c)		385,406
	170,000	4.00%, 09/15/26 (c)		189,242
	610,000	4.00%, 09/15/26 (c)		688,647
	945,000	5.00%, 08/15/25 (c)		1,107,729
	1,230,000	5.00%, 09/15/25		1,480,637
	1,775,000	5.00%, 09/15/26		2,171,322
	430,000	5.00%, 01/15/27 (c)		528,878
	695,000	County of Allegheny, Series C-75 (GO) 5.00%, 11/01/26 (c)		853,085
	750,000	County of Chester, Series A (GO) 4.00%, 07/15/26 (c)		869,280
		Dauphin County General Authority, Pinnacle Health System Project, Series A (RB)
	1,090,000	3.00%, 06/01/26 (c)		1,114,089
	450,000	4.00%, 06/01/26 (c)		497,421
	20,000	4.00%, 06/01/26 (c)		22,162
	475,000	5.00%, 06/01/26 (c)		559,170
	330,000	Lancaster County Hospital Authority University of Pennsylvania Health System, Series B (RB) 5.00%, 08/15/26		407,520
	525,000	Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series A (RB) 5.00%, 09/01/28 (c)		638,605
		Pennsylvania Economic Development Financing Authority, UPMC (RB)
	100,000	4.00%, 09/15/26 (c)		110,602
	215,000	4.00%, 09/15/26 (c)		238,340
	385,000	5.00%, 09/15/26 (c)		467,136
		Pennsylvania Economic Development Financing Authority, UPMC, Series A (RB)
	1,000,000	3.38%, 11/15/27 (c)		1,052,480
	205,000	4.00%, 11/15/27 (c)		230,596
	700,000	5.00%, 08/01/24 (c)		814,989
	125,000	Pennsylvania Higher Educational Facilities Authority, Commonwealth of Pennsylvania (RB) 5.00%, 05/01/26 (c)		146,403
		Pennsylvania Higher Educational Facilities Authority, Commonwealth of Pennsylvania, Series AT-1 (RB)
	775,000	4.00%, 06/15/26 (c)		855,654
	985,000	5.00%, 06/15/26 (c)		1,172,248

Principal Amount			Value
Pennsylvania: (continued)
		Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System, Series A (RB)
$	150,000	3.13%, 08/15/27 (c)	$	157,836
	725,000	4.00%, 08/15/26 (c)		829,675
	1,000,000	5.00%, 08/15/27 (c)		1,245,840
	270,000	5.00%, 08/15/27 (c)		329,662
	275,000	5.00%, 08/15/27 (c)		338,726
	1,040,000	Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System, Series C (RB) 5.00%, 08/15/25		1,253,668
	425,000	Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 119 (RB) 3.20%, 04/01/25 (c)		442,450
	700,000	Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 121 (RB) 2.80%, 10/01/25 (c)		717,038
	1,985,000	Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 122 (RB) 3.65%, 04/01/26 (c)		2,105,966
	1,730,000	Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 123B (RB) 3.45%, 10/01/26 (c)		1,839,215
	300,000	Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 124-B (RB) 3.20%, 10/01/26 (c)		314,199
	20,000	Pennsylvania State University, Series B (RB) 5.00%, 09/01/26 (c)		24,483
		Pennsylvania Turnpike Commission (RB)
	210,000	5.00%, 12/01/25		253,189
	175,000	5.00%, 12/01/25 (c)		208,647
	550,000	5.00%, 12/01/25 (c)		653,878
	110,000	5.00%, 12/01/26 (c)		135,852
	250,000	5.00%, 12/01/27 (c)		303,865
	1,000,000	5.00%, 12/01/27		1,233,760
	300,000	5.00%, 12/01/27 (c)		363,141
	450,000	Pennsylvania Turnpike Commission, Oil Franchise Tax Subordinate (RB) 5.00%, 12/01/26 (c)		547,582
		Pennsylvania Turnpike Commission, Second Series B (RB)
	1,085,000	3.00%, 06/01/26 (c)		1,118,646
	720,000	3.00%, 06/01/26 (c)		745,538
	690,000	4.00%, 06/01/26 (c)		754,066
		Pennsylvania Turnpike Commission, Series A (RB)
	15,000	5.00%, 12/01/26 (c)		17,838
	750,000	5.00%, 12/01/26 (c)		910,590
	310,000	5.00%, 12/01/26 (c)		378,293
	500,000	5.00%, 12/01/29 (c)		632,400

Principal Amount			Value
Pennsylvania: (continued)
$	300,000	Pennsylvania Turnpike Commission, Series A-1 (RB) 5.00%, 06/01/25 (c)	$	352,395
		Pennsylvania Turnpike Commission, Series A-2 (RB)
	790,000	5.00%, 06/01/26 (c)		933,022
	175,000	5.00%, 12/01/27 (c)		216,704
	100,000	5.00%, 12/01/27 (c)		125,055
	510,000	Pennsylvania Turnpike Commission, Series B (RB) (AGM) 5.00%, 06/01/27 (c)		618,905
	760,000	Pennsylvania Turnpike Commission, Series B-1 (RB) 5.00%, 06/01/27 (c)		917,746
		Pennsylvania Turnpike Commission, Series B-2 (RB)
	205,000	5.00%, 06/01/27 (c)		246,699
	910,000	5.00%, 06/01/27 (c)		1,108,635
	430,000	Pennsylvania Turnpike Commission, Series C (RB) 5.00%, 12/01/24 (c)		500,215
	110,000	Philadelphia Authority for Industrial Development, Children’s Hospital of Philadelphia Project (RB) 4.00%, 07/01/27 (c)		124,434
	930,000	Philadelphia Authority for Industrial Development, Temple University, First Series (RB) 5.00%, 04/01/25 (c)		1,073,527
	10,000	Philadelphia Authority for Industrial Development, Temple University, Second Series (RB) 5.00%, 04/01/25 (c)		11,605
		Philadelphia Gas Works Co., Fourteenth Series (RB)
	680,000	5.00%, 10/01/25		811,009
	680,000	5.00%, 10/01/26 (c)		809,975
	1,090,000	5.00%, 10/01/26 (c)		1,300,708
	735,000	5.00%, 10/01/26 (c)		879,427
		Pittsburgh Water and Sewer Authority, Series B (RB) (AGM)
	1,460,000	5.00%, 09/01/31		1,915,067
	2,000,000	5.00%, 09/01/32		2,655,180
	1,500,000	5.00%, 09/01/33		2,015,520
	170,000	Reading School District of Berks County (GO) (AGM) (SAW) 5.00%, 03/01/27 (c)		201,929
		School District of Philadelphia, Series A (GO) (SAW)
	410,000	5.00%, 09/01/28 (c)		499,450
	450,000	5.00%, 09/01/28 (c)		551,245
	250,000	5.00%, 09/01/28 (c)		307,250
	485,000	School District of Philadelphia, Series F (GO) (SAW) 5.00%, 09/01/26 (c)		572,397
	220,000	School District of the City of Erie, Series A (GO) (AGM) (SAW) 5.00%, 04/01/29 (c)		271,924

Principal Amount			Value
Pennsylvania: (continued)
$	845,000	Southeastern Pennsylvania Transportation Authority (RB) 5.00%, 06/01/27 (c)	$	1,052,160
		State Public School Building Authority, The School District of Philadelphia Project, Series A (RB) (AGM) (SAW)
	260,000	5.00%, 12/01/26 (c)		305,375
	1,000,000	5.00%, 12/01/26 (c)		1,212,440
	965,000	Westmoreland County Municipal Authority (RB) 5.00%, 08/15/25 (c)		1,144,654
				82,055,404
Rhode Island: 0.2%
		Rhode Island Commerce Corp., Department of Transportation, Series B (RB)
	380,000	5.00%, 06/15/26 (c)		457,087
	230,000	5.00%, 06/15/26 (c)		279,179
	125,000	5.00%, 06/15/26		152,276
		Rhode Island Health and Educational Building Corp., Pooled Issue, Series A (RB)
	1,000,000	4.00%, 05/15/26 (c)		1,135,580
	110,000	5.00%, 05/15/26 (c)		132,747
	385,000	Rhode Island Health and Educational Building Corp., Providence Public Buildings Authority Issue, Series A (RB) (AGM) 5.00%, 05/15/25 (c)		453,053
	345,000	State of Rhode Island and Providence Plantations, Series A (GO) 3.00%, 04/01/28 (c)		363,454
	250,000	State of Rhode Island and Providence Plantations, Series B (GO) 5.00%, 08/01/27 (c)		309,200
		State of Rhode Island and Providence Plantations, Series D (GO)
	180,000	5.00%, 08/01/24 (c)		210,258
	250,000	5.00%, 08/01/24 (c)		292,403
				3,785,237
South Carolina: 0.7%
		Aiken County Consolidated School District, Series A (GO)
	535,000	4.00%, 04/01/29 (c)		622,783
	1,000,000	4.00%, 04/01/29 (c)		1,167,590
		Charleston Educational Excellence Finance Corp. (RB)
	150,000	5.00%, 12/01/24 (c)		175,137
	25,000	5.00%, 12/01/24 (c)		29,411
	185,000	County of York (GO) (SAW) 5.00%, 04/01/24 (c)		215,094
		Greenwood Fifty Schools Facilities, Inc., Greenwood School District No. 50 (RB)
	100,000	3.00%, 06/01/26 (c)		104,473
	135,000	3.13%, 06/01/26 (c)		141,649
	175,000	3.25%, 06/01/26 (c)		184,356
	250,000	5.00%, 06/01/26 (c)		303,353

Principal Amount			Value
South Carolina: (continued)
$	480,000	Kershaw County Public School District (RB) 3.38%, 12/01/25 (c)	$	509,299
		Lancaster County School District (GO)
	325,000	3.25%, 03/01/27 (c)		344,923
	1,000,000	4.00%, 03/01/27 (c)		1,172,010
	100,000	Lexington County Health Services District, Inc. (RB) (AGM) 5.00%, 11/01/27 (c)		122,415
	250,000	Lexington County School District No. 2 (GO) 3.00%, 03/01/26 (c)		257,290
	100,000	SCAGO Educational Facilities Corp. for Pickens School District (RB) 3.50%, 06/01/25 (c)		106,768
		South Carolina Public Service Authority, Series A (RB)
	140,000	3.13%, 06/01/26 (c)		145,473
	235,000	5.00%, 06/01/25 (c)		277,027
	200,000	5.00%, 06/01/26 (c)		240,338
	1,145,000	5.00%, 06/01/26 (c)		1,361,600
	205,000	5.00%, 06/01/26 (c)		245,326
	185,000	5.00%, 06/01/26 (c)		220,492
		South Carolina Public Service Authority, Series C (RB)
	1,560,000	5.00%, 12/01/24 (c)		1,803,204
	110,000	5.00%, 12/01/24 (c)		127,692
	390,000	5.00%, 12/01/24 (c)		456,444
	1,000,000	South Carolina State, Clemson University, Series A (GO) (SAW) 4.00%, 10/01/27 (c)		1,170,580
	655,000	South Carolina Transportation Infrastructure Bank, Series A (RB) 2.25%, 10/01/25 (c)		644,802
		York County, South Carolina Fort Mill School District No. 4, Series B (GO)
	500,000	3.00%, 03/01/27 (c)		518,840
	325,000	3.00%, 03/01/27 (c)		338,816
				13,007,185
South Dakota: 0.1%
		South Dakota Health and Educational Facilities Authority (RB)
	1,000,000	4.00%, 09/01/27 (c)		1,090,640
	255,000	5.00%, 09/01/27 (c)		312,462
	100,000	5.00%, 09/01/27 (c)		121,929
				1,525,031
Tennessee: 1.1%
		Greeneville Health and Educational Facilities Board, Ballad Health, Series A (RB)
	1,000,000	5.00%, 07/01/23 (c)		1,111,920
	815,000	5.00%, 07/01/23 (c)		906,826
	550,000	5.00%, 07/01/23 (c)		612,793
		Knox County Health Educational and Housing Facility Board (RB)
	700,000	5.00%, 04/01/27 (c)		824,565
	490,000	5.00%, 04/01/27 (c)		578,264

Principal Amount			Value
Tennessee: (continued)
$	150,000	Memphis-Shelby County Industrial Development Board (RB) 5.00%, 11/01/26 (c)	$	181,724
		Metropolitan Government of Nashville and Davidson County (GO)
	915,000	2.50%, 07/01/26 (c)		958,170
	580,000	4.00%, 07/01/26 (c)		657,505
	545,000	4.00%, 07/01/26 (c)		620,014
	335,000	4.00%, 07/01/27		397,655
	590,000	4.00%, 07/01/27 (c)		696,460
	1,205,000	4.00%, 07/01/27 (c)		1,381,388
	915,000	4.75%, 07/01/26		1,114,250
	290,000	5.00%, 01/01/26		353,556
	25,000	5.00%, 07/01/26 (c)		30,283
	235,000	5.00%, 07/01/26 (c)		285,318
		Metropolitan Government of Nashville and Davidson County, Health and Educational Facilities Board, Vanderbilt University Center, Series A (RB)
	130,000	5.00%, 07/01/26 (c)		152,926
	600,000	5.00%, 07/01/26 (c)		713,898
	400,000	Metropolitan Government of Nashville and Davidson County, Series C (GO) 5.00%, 07/01/25 (c)		478,900
		Shelby County, Tennessee Health, Educational and Housing Facility Board, Methodist Le Bonheur Healthcare, Series A (RB)
	100,000	5.00%, 05/01/26		121,708
	200,000	5.00%, 05/01/27 (c)		246,236
		State of Tennessee, Series A (GO)
	1,365,000	5.00%, 08/01/25 (c)		1,630,370
	500,000	5.00%, 08/01/26 (c)		609,060
	1,000,000	5.00%, 08/01/26 (c)		1,235,050
	780,000	5.00%, 08/01/26		968,635
	15,000	State of Tennessee, Series B (GO) 5.00%, 09/01/24 (c)		17,694
	495,000	Tennessee Housing Development Agency, Series 2 (RB) 3.50%, 07/01/27 (c)		536,699
	205,000	Tennessee Housing Development Agency, Series 2B (RB) 3.70%, 07/01/26 (c)		222,087
		Tennessee State School Bond Authority, Higher Education Facilities Second Program, Series A (RB)
	100,000	5.00%, 11/01/25		121,423
	285,000	5.00%, 11/01/27 (c)		356,099
	395,000	5.00%, 11/01/27 (c)		491,439
	365,000	5.00%, 11/01/27		463,594
	750,000	5.00%, 11/01/27 (c)		945,937
		Tennessee State School Bond Authority, Higher Education Facilities Second Program, Series B (RB)
	20,000	5.00%, 11/01/25 (c)		24,272
	40,000	5.00%, 11/01/25		48,569
				20,095,287

Principal Amount			Value
Texas: 9.5%
$	250,000	Alamo Community College District (GO) 5.00%, 08/15/26	$	308,363
		Aldine Independent School District, Series A (GO)
	1,030,000	4.00%, 02/15/27 (c)		1,167,917
	675,000	4.00%, 02/15/27 (c)		763,891
	140,000	5.00%, 02/15/25 (c)		165,463
	700,000	5.00%, 02/15/27 (c)		866,978
	1,000,000	5.00%, 02/15/27 (c)		1,237,540
		Allen Independent School District (GO)
	185,000	4.00%, 02/15/26 (c)		206,804
	135,000	5.00%, 02/15/26		164,430
	400,000	5.00%, 02/15/26 (c)		478,500
	1,000,000	Alvin Independent School District (GO) 4.00%, 02/15/28 (c)		1,140,520
	500,000	Alvin Independent School District, Series A (GO) 5.00%, 02/15/26 (c)		598,925
		Austin Convention Enterprises, Inc., Series A (RB)
	145,000	5.00%, 01/01/27 (c)		169,791
	770,000	5.00%, 01/01/27 (c)		904,311
	375,000	5.00%, 01/01/27 (c)		444,675
		Austin Convention Enterprises, Inc., Series B (RB)
	500,000	5.00%, 01/01/27 (c)		570,210
	500,000	5.00%, 01/01/27 (c)		573,440
	500,000	Austin Independent School District (GO) 4.00%, 08/01/26 (c)		565,915
	500,000	Austin Independent School District, Series B (GO) 5.00%, 08/01/26 (c)		613,910
	100,000	Austin Independent School District, Series C (GO) 5.00%, 08/01/26 (c)		121,629
	315,000	Beaumont Independent School District (GO) 3.00%, 02/15/26 (c)		331,626
		Bexar County Hospital District (GO)
	385,000	3.00%, 02/15/26 (c)		405,005
	115,000	4.00%, 02/15/26 (c)		128,491
	350,000	5.00%, 02/15/26		426,065
	1,000,000	5.00%, 02/15/26 (c)		1,200,490
	250,000	Birdville Independent School District, Series B (GO) 5.00%, 02/15/25 (c)		295,255
	545,000	Board of Regents of Texas A&M University System, Series A (RB) 5.50%, 07/01/25 (c)		667,625
	250,000	Board of Regents of the University of North Texas, Series A (RB) 5.00%, 04/15/27		312,188
		Board of Regents of the University of Texas System, Series A (RB)
	945,000	5.00%, 03/15/25 (c)		1,119,267
	575,000	5.00%, 07/01/25 (c)		681,496

Principal Amount			Value
Texas: (continued)
		Board of Regents of the University of Texas System, Series B (RB)
$	100,000	5.00%, 08/15/24 (c)	$	115,680
	125,000	5.00%, 07/01/26 (c)		153,740
	200,000	Board of Regents of the University of Texas System, Series D (RB) 5.00%, 08/15/25		242,082
	520,000	Board of Regents of the University of Texas System, Series E (RB) 5.00%, 08/15/27		657,467
		Board of Regents of the University of Texas System, Series J (RB)
	215,000	5.00%, 08/15/25		260,238
	25,000	5.00%, 08/15/26 (c)		30,854
	55,000	Board of Regents of University of Texas System, Permanent University Fund Bonds, Series B (RB) 5.00%, 07/01/25		66,248
	270,000	Board of Regents of University of Texas System, Series E (RB) 5.00%, 08/15/26		334,214
	330,000	Burleson Independent School District (GO) 3.50%, 02/01/26 (c)		353,229
		Central Texas Regional Mobility Authority, Senior Lien (RB)
	250,000	5.00%, 01/01/26 (c)		292,820
	625,000	5.00%, 01/01/26 (c)		735,537
	60,000	5.00%, 01/01/26 (c)		71,198
		Central Texas Regional Mobility Authority, Senior Lien, Series A (RB)
	100,000	5.00%, 07/01/25 (c)		115,224
	400,000	5.00%, 07/01/25 (c)		465,776
	30,000	Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24 (c)		34,208
	150,000	City of Arlington, Senior Lien Special Tax (AGM) (ST) 5.00%, 02/15/25 (c)		176,180
	15,000	City of Austin (GO) 5.00%, 09/01/25 (c)		18,053
	100,000	City of Austin, Airport System, Series A (RB) 5.00%, 11/15/26 (c)		119,817
	35,000	City of Austin, Electric Utility, Series A (RB) 5.00%, 11/15/25		42,425
		City of Austin, Water and Wastewater System (RB)
	995,000	5.00%, 11/15/26 (c)		1,210,557
	360,000	5.00%, 11/15/26 (c)		439,445
	235,000	5.00%, 11/15/27 (c)		296,053
		City of Dallas (GO)
	500,000	5.00%, 02/15/24 (c)		568,755
	1,140,000	5.00%, 02/15/24 (c)		1,307,204
	405,000	5.00%, 02/15/24 (c)		466,167
	420,000	5.00%, 02/15/25 (c)		488,956
	840,000	5.00%, 02/15/25 (c)		987,983
	500,000	5.00%, 02/15/27 (c)		619,550

Principal Amount			Value
Texas: (continued)
		City of Dallas, Series A (GO)
$	600,000	3.00%, 02/15/29 (c)	$	622,326
	1,000,000	4.00%, 02/15/29 (c)		1,157,320
		City of Dallas, Series B (GO)
	1,500,000	3.00%, 02/15/29 (c)		1,557,075
	500,000	4.00%, 02/15/29 (c)		574,765
		City of Dallas, Waterworks and Sewer System, Series A (RB)
	1,080,000	5.00%, 10/01/25 (c)		1,296,972
	540,000	5.00%, 10/01/25 (c)		650,203
	600,000	5.00%, 10/01/26 (c)		730,014
	565,000	5.00%, 10/01/26 (c)		689,142
	750,000	5.00%, 10/01/26 (c)		919,410
	965,000	City of Denton, Utility System (RB) 5.00%, 12/01/26 (c)		1,167,621
		City of El Paso (GO)
	110,000	4.00%, 08/15/26 (c)		122,938
	100,000	4.00%, 08/15/26 (c)		111,980
	455,000	City of El Paso, Water and Sewer Revenue (RB) 5.00%, 03/01/24 (c)		524,356
	130,000	City of Fort Worth (GO) 5.00%, 03/01/26		157,806
	545,000	City of Fort Worth, Series A (GO) 5.00%, 03/01/25 (c)		642,103
	135,000	City of Houston, Airport System, Series B (RB) 5.00%, 07/01/28 (c)		169,908
	125,000	City of Houston, Airport System, Series D (RB) 5.00%, 07/01/28 (c)		156,634
		City of Houston, Combined Utility System, First Lien, Series B (RB)
	180,000	5.00%, 11/15/26 (c)		217,231
	220,000	5.00%, 11/15/26 (c)		269,064
	555,000	5.00%, 11/15/26		688,816
	285,000	5.00%, 11/15/27		361,297
		City of Houston, Combined Utility System, First Lien, Series D (RB)
	45,000	5.00%, 11/15/24 (c)		53,136
	750,000	5.00%, 11/15/28 (c)		941,535
		City of Houston, Series A (GO)
	650,000	5.00%, 03/01/24 (c)		743,496
	1,000,000	5.00%, 03/01/24 (c)		1,146,000
	535,000	5.00%, 03/01/26 (c)		634,991
	180,000	5.00%, 03/01/26 (c)		214,956
	515,000	5.00%, 03/01/26 (c)		617,480
	520,000	5.00%, 03/01/27 (c)		631,540
	500,000	5.00%, 03/01/27 (c)		609,580
	105,000	City of Lubbock (GO) 5.00%, 02/15/25 (c)		123,980
		City of San Antonio, Electric and Gas Systems (RB)
	1,000,000	4.00%, 02/01/26		1,155,980
	500,000	4.00%, 08/01/26 (c)		563,025
	1,000,000	4.00%, 02/01/30		1,203,340
	100,000	5.00%, 02/01/26 (c)		119,523
	30,000	5.00%, 02/01/26		36,467
	110,000	5.00%, 08/01/26 (c)		133,258

Principal Amount			Value
Texas: (continued)
$	125,000	5.00%, 08/01/26 (c)	$	152,840
	1,055,000	5.00%, 08/01/26 (c)		1,298,473
	1,000,000	5.00%, 08/01/27 (c)		1,232,540
	100,000	5.00%, 08/01/27 (c)		123,008
	125,000	City of San Antonio, Electric and Gas Systems, Series A (RB) 5.00%, 02/01/26		151,948
		City of San Antonio, General Improvement (GO)
	1,070,000	5.00%, 02/01/24 (c)		1,231,302
	1,030,000	5.00%, 02/01/24 (c)		1,190,433
	1,000,000	5.00%, 08/01/29 (c)		1,278,930
	535,000	City of San Antonio, Water System, Series A (RB) 5.00%, 05/15/26 (c)		642,455
		Collin County Community College District (GO)
	500,000	3.25%, 08/15/27 (c)		530,805
	925,000	4.00%, 08/15/27 (c)		1,067,672
	1,015,000	5.00%, 08/15/27 (c)		1,272,952
	190,000	Colorado River Municipal Water District (RB) 5.00%, 01/01/28		240,350
		Conroe Independent School District (GO)
	35,000	5.00%, 02/15/25 (c)		41,122
	665,000	5.00%, 02/15/27 (c)		817,817
		County of Bexar (GO)
	150,000	4.00%, 06/15/25 (c)		166,673
	520,000	4.00%, 06/15/25 (c)		579,712
	1,000,000	5.00%, 06/15/26 (c)		1,205,070
	260,000	County of Dallas (GO) 5.00%, 08/15/26 (c)		319,935
	615,000	County of Denton (GO) 4.00%, 07/15/25 (c)		691,524
	750,000	County of Denton, Series A (GO) 4.00%, 07/15/28 (c)		886,552
		County of Fort Bend, Series B (GO)
	500,000	4.00%, 03/01/26 (c)		563,840
	20,000	5.00%, 03/01/26 (c)		24,154
	280,000	County of Harris, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 5.00%, 10/01/29		362,729
		County of Harris, Toll Road, Senior Lien, Series A (RB)
	385,000	5.00%, 08/15/25		463,386
	160,000	5.00%, 08/15/26 (c)		193,094
	670,000	5.00%, 08/15/26 (c)		805,548
	675,000	5.00%, 08/15/26 (c)		809,055
	695,000	5.00%, 08/15/26 (c)		844,001
	115,000	5.00%, 08/15/26		141,596
	195,000	5.00%, 08/15/26 (c)		239,951
	190,000	5.00%, 08/15/26 (c)		231,739
		County of Harris, Toll Road, Senior Lien, Series B (RB)
	160,000	5.00%, 08/15/25 (c)		188,200
	335,000	5.00%, 08/15/25 (c)		393,387
	190,000	5.00%, 08/15/25 (c)		227,227
	600,000	5.00%, 08/15/25 (c)		714,702

Principal Amount			Value
Texas: (continued)
		County of Harris, Unlimited Tax Road, Series A (GO)
$	1,115,000	5.00%, 10/01/25 (c)	$	1,336,952
	1,125,000	5.00%, 10/01/25 (c)		1,347,491
	25,000	5.00%, 10/01/25		30,177
	365,000	5.00%, 10/01/25 (c)		439,482
	250,000	County of Montgomery (GO) 5.00%, 03/01/26 (c)		303,273
		Cypress-Fairbanks Independent School District (GO)
	360,000	3.00%, 02/15/26 (c)		380,524
	590,000	5.00%, 02/15/25 (c)		695,250
	125,000	5.00%, 02/15/26 (c)		150,998
	710,000	Cypress-Fairbanks Independent School District, Series C (GO) 5.00%, 02/15/24 (c)		819,794
	835,000	Dallas Area Rapid Transit, Senior Lien (RB) 5.00%, 12/01/29 (c)		1,086,752
		Dallas Area Rapid Transit, Senior Lien, Series A (RB)
	185,000	5.00%, 12/01/24 (c)		218,404
	730,000	5.00%, 12/01/25 (c)		877,781
	560,000	5.00%, 12/01/25 (c)		666,204
	165,000	5.00%, 12/01/25 (c)		198,828
	545,000	5.00%, 12/01/25 (c)		660,971
	130,000	5.00%, 12/01/25 (c)		156,988
		Dallas County Utility and Reclamation District (GO)
	650,000	5.00%, 02/15/26		785,609
	340,000	5.00%, 02/15/28		427,859
	1,000,000	Dallas Independent School District (GO) 4.00%, 02/15/25 (c)		1,111,260
		Dallas Independent School District, Series A (GO)
	100,000	4.00%, 02/15/25 (c)		111,342
	10,000	5.00%, 08/15/24 (c)		11,688
	1,030,000	5.00%, 08/15/24 (c)		1,202,237
	100,000	Dripping Springs Independent School District (GO) 5.00%, 02/15/24 (c)		115,464
		Eagle Mountain and Saginaw Independent School District (GO)
	335,000	4.00%, 02/15/26 (c)		377,408
	10,000	5.00%, 02/15/26 (c)		11,987
	115,000	El Paso Independent School District (GO) 5.00%, 08/15/24 (c)		133,088
	265,000	El Paso Independent School District, Series A (GO) 3.00%, 08/15/25 (c)		279,912
	315,000	Forney Independent School District (GO) 5.00%, 08/15/25 (c)		371,656
		Fort Bend Independent School District (GO)
	635,000	4.00%, 08/15/27 (c)		736,429
	155,000	5.00%, 08/15/27 (c)		194,161

Principal Amount			Value
Texas: (continued)
		Fort Worth Independent School District (GO)
$	45,000	5.00%, 02/15/25 (c)	$	53,146
	500,000	5.00%, 02/15/26 (c)		605,230
	750,000	5.00%, 02/15/26		912,997
		Frisco Independent School District (GO)
	500,000	4.00%, 02/15/27 (c)		570,885
	1,000,000	4.00%, 02/15/27 (c)		1,145,710
		Garland Independent School District (GO)
	165,000	4.00%, 02/15/25 (c)		183,538
	120,000	5.00%, 02/15/25 (c)		142,414
	100,000	Grand Parkway Transportation Corp., Series A (RB) 5.00%, 04/01/28 (c)		125,712
	250,000	Grapevine-Colleyville Independent School District (GO) 5.00%, 08/15/25 (c)		297,795
		Harris County Flood Control District, Series A (GO)
	900,000	5.00%, 10/01/25 (c)		1,074,060
	210,000	5.00%, 10/01/27 (c)		259,302
	250,000	5.00%, 10/01/27 (c)		313,525
		Harris County Hospital District (RB)
	365,000	3.00%, 02/15/26 (c)		372,698
	570,000	3.13%, 02/15/26 (c)		583,332
	100,000	4.00%, 02/15/26 (c)		108,341
	100,000	4.00%, 02/15/26 (c)		108,188
		Harris County, Cultural Education Facilities Finance Corp., Baylor College of Medicine (RB)
	385,000	3.00%, 05/15/26 (c)		391,845
	730,000	3.00%, 05/15/26 (c)		740,585
	210,000	4.00%, 05/15/26 (c)		237,279
	295,000	5.00%, 05/15/26 (c)		355,773
	220,000	5.00%, 11/15/27		273,244
	160,000	Harris County, Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series A (RB) 5.00%, 12/01/24 (c)		187,003
	10,000	Harris County, Cultural Education Facilities Finance Corp., Series A (RB) 5.00%, 12/01/24 (c)		11,470
		Harris County, Cultural Education Facilities Finance Corp., TECO Project (RB)
	550,000	4.00%, 11/15/27 (c)		626,164
	300,000	5.00%, 11/15/27 (c)		371,238
	350,000	5.00%, 11/15/27 (c)		430,682
	270,000	Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital (RB) 5.00%, 10/01/25 (c)		323,571
		Harris County, Flood Control District, Series A (GO)
	275,000	5.00%, 10/01/25 (c)		329,742
	1,230,000	5.00%, 10/01/25 (c)		1,478,792

Principal Amount			Value
Texas: (continued)
		Harris County, Houston Sports Authority, Senior Lien, Series A (RB)
$	665,000	5.00%, 11/15/24 (c)	$	765,880
	100,000	5.00%, 11/15/24 (c)		114,897
	440,000	5.00%, 11/15/24 (c)		510,514
	445,000	5.00%, 11/15/24 (c)		513,721
	260,000	Harris County, Toll Road Senior Lien, Series A (RB) 5.00%, 02/15/28 (c)		320,858
		Hays Consolidated Independent School District (GO)
	800,000	4.00%, 02/15/27 (c)		899,592
	500,000	4.00%, 02/15/27 (c)		564,425
	605,000	Houston Independent School District (GO) 5.00%, 07/15/28 (c)		761,235
		Houston Independent School District, Limited Tax School House (GO)
	525,000	5.00%, 02/15/26		641,928
	1,780,000	5.00%, 02/15/27 (c)		2,166,509
	750,000	5.00%, 02/15/27 (c)		923,505
	900,000	5.00%, 02/15/27		1,125,414
		Houston Independent School District, Limited Tax School House, Series A (GO)
	1,105,000	4.00%, 02/15/26 (c)		1,239,434
	350,000	4.00%, 02/15/26 (c)		394,803
	100,000	5.00%, 02/15/26 (c)		121,819
	1,000,000	5.00%, 02/15/26 (c)		1,213,800
	135,000	5.00%, 02/15/26 (c)		162,872
	750,000	Houston, Public Improvement, Series A (GO) 5.00%, 03/01/24 (c)		861,712
	100,000	Humble Independent School District, Series A (GO) 4.00%, 02/15/25 (c)		113,117
	210,000	Humble Independent School District, Series C (GO) 4.00%, 02/15/26 (c)		234,497
		Katy Independent School District, Fort Bend, Harris and Waller Counties, Series A (GO)
	315,000	4.00%, 02/15/25 (c)		349,366
	280,000	5.00%, 02/15/25 (c)		331,083
	1,000,000	Killeen Independent School District (GO) 5.00%, 02/15/28 (c)		1,252,820
	100,000	Lamar Consolidated Indecent School District, Unlimited Tax, Series A (GO) 5.00%, 02/15/25 (c)		118,244
	310,000	Leander Independent School District (GO) 0.00%, 08/15/24 (c) ^		169,024
		Lewisville Independent School District, Series A (GO)
	100,000	4.00%, 08/15/25 (c)		114,500
	400,000	4.00%, 08/15/25 (c)		457,036
		Lewisville Independent School District, Series B (GO)
	550,000	5.00%, 08/15/25 (c)		655,072

Principal Amount			Value
Texas: (continued)
$	145,000	5.00%, 08/15/25 (c)	$	173,875
	195,000	5.00%, 08/15/25		234,942
	1,000,000	Lone Star College System (GO) 5.00%, 02/15/26 (c)		1,193,590
		Lower Colorado River Authority, LCRA Transmission Services Corp. Project (RB)
	320,000	5.00%, 05/15/26 (c)		383,178
	275,000	5.00%, 05/15/26 (c)		333,955
		Lower Colorado River Authority, Series B (RB)
	370,000	5.00%, 05/15/25 (c)		434,047
	380,000	5.00%, 05/15/25 (c)		445,687
	105,000	5.00%, 05/15/25 (c)		124,782
	500,000	Mansfield Independent School District (GO) 5.00%, 02/15/25 (c)		590,235
		Metropolitan Transit Authority of Harris County, Series A (RB)
	150,000	5.00%, 11/01/25		182,039
	75,000	5.00%, 11/01/26 (c)		93,017
		Montgomery Independent School District (GO)
	500,000	4.00%, 02/15/25 (c)		559,220
	100,000	5.00%, 02/15/25 (c)		118,132
	470,000	5.00%, 02/15/25 (c)		554,031
	1,100,000	New Hope Cultural Education Facilities Finance Corp., Cardinal Bay, Inc., Series B (RB) 4.00%, 07/01/26 (c)		1,097,921
		New Hope Cultural Education Facilities Finance Corp., Children’s Health System, Series A (RB)
	250,000	4.00%, 08/15/27 (c)		280,348
	250,000	5.00%, 08/15/27 (c)		306,915
		North Harris County Regional Water Authority (RB)
	45,000	5.00%, 12/15/25		54,391
	150,000	5.00%, 12/15/26 (c)		182,525
	55,000	5.00%, 12/15/26 (c)		67,513
	245,000	5.00%, 12/15/26 (c)		301,727
		North Texas Municipal Water District, Water System (RB)
	150,000	3.00%, 09/01/25 (c)		160,181
	820,000	5.00%, 09/01/25 (c)		967,461
	530,000	5.00%, 09/01/25 (c)		633,557
	50,000	5.00%, 09/01/25 (c)		59,743
	500,000	5.00%, 09/01/26 (c)		605,995
	715,000	5.00%, 09/01/26 (c)		861,310
	400,000	5.00%, 09/01/26 (c)		487,352
	45,000	5.00%, 09/01/26 (c)		54,683
		North Texas Tollway Authority, First Tier, Series A (RB)
	2,200,000	4.00%, 01/01/29 (c)		2,518,472
	410,000	5.00%, 01/01/24 (c)		469,315
	295,000	5.00%, 01/01/26 (c)		353,475
	425,000	5.00%, 01/01/26 (c)		507,518
	575,000	5.00%, 01/01/26 (c)		684,854
	500,000	5.00%, 01/01/26 (c)		592,240
	460,000	5.00%, 01/01/26 (c)		551,181

Principal Amount			Value
Texas: (continued)
$	635,000	5.00%, 01/01/26 (c)	$	758,292
	640,000	5.00%, 01/01/26 (c)		770,784
	100,000	North Texas Tollway Authority, First Tier, Series B (RB) 4.00%, 01/01/25 (c)		108,863
		North Texas Tollway Authority, Second Tier, Series A (RB)
	655,000	5.00%, 01/01/25 (c)		758,955
	560,000	5.00%, 01/01/25 (c)		658,090
		North Texas Tollway Authority, Second Tier, Series B (RB) (AGM)
	450,000	4.00%, 01/01/27 (c)		502,294
	685,000	5.00%, 01/01/24 (c)		775,749
	185,000	5.00%, 01/01/26 (c)		222,279
	875,000	5.00%, 01/01/26 (c)		1,044,479
	1,000,000	Northside Independent School District (GO) 5.00%, 08/15/27 (c)		1,238,290
		Northwest Independent School District (GO)
	25,000	5.00%, 02/15/25 (c)		29,390
	315,000	5.00%, 02/15/25 (c)		371,495
	105,000	5.00%, 02/15/25 (c)		124,274
		Northwest Independent School District, Series A (GO)
	545,000	4.00%, 08/15/28 (c)		626,924
	1,000,000	5.00%, 02/15/25 (c)		1,183,560
	270,000	Permanent University Fund, Texas A&M University System, Series A (RB) 5.25%, 07/01/25 (c)		323,487
		Pharr-San Juan-Alamo Independent School District (GO)
	100,000	3.25%, 02/01/25 (c)		104,812
	775,000	4.00%, 02/01/25 (c)		860,513
		Plano Independent School District, Series A (GO)
	1,995,000	5.00%, 02/15/26 (c)		2,411,257
	100,000	5.00%, 02/15/26 (c)		121,246
	500,000	San Antonio Independent School District (GO) 4.00%, 08/15/28 (c)		577,960
		San Antonio Water System, Junior Lien, Series A (RB)
	400,000	5.00%, 05/15/26 (c)		482,452
	650,000	5.00%, 05/15/26 (c)		787,273
	500,000	5.00%, 05/15/28 (c)		622,850
	200,000	San Antonio Water System, Junior Lien, Series B (RB) 5.00%, 05/15/25 (c)		233,564
		Socorro Independent School District, Series B (GO)
	225,000	4.00%, 08/15/27 (c)		257,137
	780,000	5.00%, 08/15/27 (c)		973,183
	800,000	5.00%, 08/15/27 (c)		993,256
		Spring Independent School District (GO)
	45,000	5.00%, 08/15/25 (c)		53,603
	1,000,000	5.00%, 08/15/25 (c)		1,199,760

Principal Amount			Value
Texas: (continued)
$	15,000	State of Texas, Finance Authority (GO) 5.00%, 10/01/26	$	18,622
		State of Texas, Finance Authority, Series A (GO)
	170,000	5.00%, 10/01/26		211,047
	130,000	5.00%, 10/01/27 (c)		162,003
		State of Texas, Transportation Commission, Highway Improvement (GO)
	20,000	5.00%, 04/01/24 (c)		23,114
	125,000	5.00%, 04/01/26 (c)		150,391
	70,000	5.00%, 04/01/26 (c)		84,024
		State of Texas, Transportation Commission, Highway
		Improvement, Series A (GO)
	1,000,000	5.00%, 04/01/26 (c)		1,203,130
	500,000	5.00%, 04/01/26 (c)		603,570
		State of Texas, Transportation Commission, Mobility Fund, Series A (GO)
	180,000	5.00%, 10/01/24 (c)		209,196
	150,000	5.00%, 10/01/25 (c)		181,272
	1,035,000	5.00%, 10/01/25 (c)		1,245,654
	150,000	5.00%, 10/01/27 (c)		185,465
		State of Texas, Transportation Commission, Mobility Fund, Series B (GO)
	240,000	5.00%, 10/01/27 (c)		296,743
	1,860,000	5.00%, 10/01/27 (c)		2,304,484
	105,000	State of Texas, Water Infrastructure Fund, Series B-1 (GO) 5.00%, 08/01/21 (c)		111,855
		Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott and White Health Project, Series A (RB)
	80,000	5.00%, 05/15/26 (c)		96,145
	855,000	5.00%, 05/15/26 (c)		1,031,797
	140,000	Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series A (RB) 5.00%, 07/01/28		174,657
	315,000	Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources System, Series A (RB) 5.00%, 02/15/26		382,401
		Tarrant Regional Water Control and Improvement District (RB)
	70,000	5.00%, 03/01/25 (c)		82,964
	260,000	5.00%, 03/01/25 (c)		307,302
	1,040,000	5.00%, 03/01/25 (c)		1,238,598
	1,020,000	5.00%, 03/01/25 (c)		1,211,505
		Texas A&M University, Series D (RB)
	10,000	4.00%, 05/15/26 (c)		11,501
	110,000	4.00%, 05/15/26 (c)		127,811
	295,000	5.00%, 05/15/26		363,056
		Texas A&M University, Series E (RB)
	25,000	5.00%, 05/15/25		30,036
	100,000	5.00%, 05/15/27 (c)		124,889

Principal Amount			Value
Texas: (continued)
$	545,000	Texas Public Finance Authority (GO) 5.00%, 10/01/26 (c)	$	673,402
		Texas State University System, Board of Regents, Series A (RB)
	160,000	5.00%, 03/15/25 (c)		190,144
	10,000	5.00%, 03/15/26		12,156
	100,000	5.00%, 03/15/27 (c)		123,597
	1,020,000	5.00%, 03/15/27 (c)		1,265,392
	125,000	Texas Transportation Commission, Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24 (c)		143,466
	1,115,000	Texas Transportation Commission, State Highway Fund, First Tier (RB) 5.00%, 10/01/26		1,375,932
		Texas Water Development Board (RB)
	125,000	5.00%, 04/15/26		153,189
	600,000	5.00%, 10/15/26 (c)		738,618
	370,000	5.00%, 10/15/26 (c)		457,542
	1,000,000	5.00%, 08/01/27 (c)		1,248,090
		Texas Water Development Board, Series A (RB)
	45,000	4.00%, 10/15/25 (c)		50,607
	400,000	4.00%, 10/15/27 (c)		459,064
	180,000	4.00%, 04/15/28 (c)		206,273
	600,000	4.00%, 04/15/28 (c)		693,720
	125,000	5.00%, 10/15/25 (c)		148,724
	1,160,000	5.00%, 10/15/25 (c)		1,395,538
	165,000	5.00%, 10/15/25 (c)		198,239
	250,000	5.00%, 10/15/27 (c)		314,033
	200,000	5.00%, 10/15/27 (c)		249,582
		Texas Water Development Board, Series B (RB)
	1,000,000	4.00%, 10/15/28 (c)		1,161,680
	1,000,000	5.00%, 10/15/28 (c)		1,265,930
		Trinity River Authority, Regional Wastewater System (RB)
	100,000	5.00%, 08/01/25		120,481
	180,000	5.00%, 08/01/26		221,699
	285,000	5.00%, 08/01/27 (c)		350,473
	670,000	5.00%, 08/01/27 (c)		831,805
		University of North Texas, Series A (RB)
	140,000	5.00%, 04/15/27 (c)		170,547
	75,000	5.00%, 04/15/27 (c)		92,436
	165,000	5.00%, 04/15/27 (c)		204,150
	155,000	University of Texas, Series B (RB) 5.00%, 08/15/26		191,864
	135,000	University of Texas, Series D (RB) 5.00%, 08/15/26		167,107
	200,000	University of Texas, Series J (RB) 5.00%, 08/15/26		247,566
		Via Metropolitan Transit Authority, Sales Tax (RB)
	275,000	5.00%, 01/15/27 (c)		335,698
	135,000	5.00%, 01/15/27 (c)		165,576
				179,485,307

Principal Amount			Value
Utah: 0.3%
$	395,000	Central Utah Water Conservancy District (RB) 4.00%, 10/01/27 (c)	$	453,618
	1,140,000	State of Utah (GO) 5.00%, 01/01/27 (c)		1,425,251
	365,000	University of Utah, Series A (RB) 5.00%, 08/01/27 (c)		454,126
	1,000,000	University of Utah, Series B-1 (RB) 5.00%, 08/01/26		1,238,190
		Utah Transit Authority, Subordinated Sales Tax (RB)
	130,000	0.00%, 06/15/26 (c) ^		88,479
	935,000	3.00%, 06/15/26 (c)		999,646
	850,000	4.00%, 06/15/26 (c)		962,939
		Utah Transit Authority, Subordinated Sales Tax, Series A (RB)
	255,000	5.00%, 06/15/25 (c)		301,749
	100,000	5.00%, 06/15/25 (c)		118,699
				6,042,697
Vermont: 0.1%
	1,100,000	Vermont Educational and Health Buildings Financing Agency, Series A (RB) 5.00%, 06/01/26 (c)		1,306,305
Virginia: 2.2%
	650,000	Arlington County, Series B (GO) 5.00%, 08/15/26 (c)		806,955
		City of Richmond, Public Utility Revenue, Series A (RB)
	1,520,000	5.00%, 01/15/26 (c)		1,835,491
	20,000	5.00%, 01/15/26		24,526
		Commonwealth of Virginia, Series B (GO) (SAW)
	500,000	5.00%, 06/01/25 (c)		599,975
	1,000,000	5.00%, 06/01/25 (c)		1,202,940
		County of Arlington (GO)
	1,990,000	4.00%, 06/15/29 (c)		2,347,583
	1,000,000	5.00%, 08/15/27 (c)		1,256,510
		County of Fairfax, Public Improvement, Series A (GO) (SAW)
	15,000	5.00%, 10/01/24 (c)		17,713
	1,000,000	5.00%, 10/01/25		1,217,230
	750,000	5.00%, 04/01/28 (c)		952,830
	1,755,000	5.00%, 04/01/29 (c)		2,270,549
	15,000	County of Fairfax, Public Improvement, Series B (GO) (SAW) 5.00%, 04/01/25 (c)		18,118
	25,000	County of Henrico, Water and Sewer Revenue (RB) 5.00%, 05/01/25		30,078
	155,000	Fairfax County Industrial Development Authority, Inova Health System Project, Series A (RB) 5.00%, 05/15/26 (c)		187,271
	165,000	Fairfax County Industrial Development Authority, Inova Health System Project, Series B (RB) 5.00%, 05/15/26		202,140

Principal Amount			Value
Virginia: (continued)
$	550,000	Fairfax County Water Authority (RB) 4.00%, 04/01/27 (c)	$	649,247
	260,000	Hampton Roads Sanitation District, Series A (RB) 5.00%, 08/01/26 (c)		320,385
		Upper Occoquan Sewage Authority (RB)
	200,000	5.00%, 07/01/25 (c)		239,692
	845,000	5.00%, 07/01/25 (c)		1,014,228
		Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series A (RB)
	110,000	5.00%, 02/01/26 (c)		134,098
	130,000	5.00%, 02/01/26		159,246
	110,000	Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series C (RB) 3.00%, 02/01/27 (c)		115,779
		Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series E (RB)
	145,000	5.00%, 02/01/26		177,621
	125,000	5.00%, 02/01/27		156,565
	2,000,000	5.00%, 02/01/28 (c)		2,512,460
	1,000,000	5.00%, 02/01/28 (c)		1,261,960
	120,000	5.00%, 02/01/28 (c)		152,207
		Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Series A (RB)
	775,000	3.00%, 09/01/27 (c)		811,836
	1,040,000	5.00%, 09/01/26 (c)		1,284,858
	1,000,000	5.00%, 09/01/26 (c)		1,233,120
		Virginia Commonwealth Transportation Board (RB)
	250,000	4.00%, 05/15/24 (c)		274,723
	15,000	5.00%, 05/15/24 (c)		17,468
	1,000,000	5.00%, 05/15/24 (c)		1,166,900
	1,000,000	5.00%, 05/15/26		1,230,700
	100,000	5.00%, 05/15/26 (c)		122,903
	20,000	5.00%, 09/15/26 (c)		24,724
	510,000	5.00%, 09/15/26 (c)		632,859
	1,000,000	5.00%, 05/15/27 (c)		1,253,130
		Virginia Commonwealth Transportation Board, Series A (RB)
	180,000	4.00%, 11/15/27 (c)		207,423
	120,000	5.00%, 11/15/27 (c)		150,308
	1,000,000	5.00%, 11/15/27 (c)		1,248,970
		Virginia Public Building Authority, Series A (RB)
	125,000	3.00%, 08/01/24 (c)		132,380
	475,000	3.00%, 08/01/24 (c)		503,424
	695,000	3.00%, 08/01/26 (c)		727,721
	400,000	3.00%, 08/01/28 (c)		421,192
	1,050,000	3.13%, 08/01/28 (c)		1,109,776
	250,000	4.00%, 08/01/27 (c)		289,975

Principal Amount			Value
Virginia: (continued)
$	680,000	5.00%, 08/01/25	$	822,202
	100,000	5.00%, 08/01/25		120,912
	325,000	5.00%, 08/01/26		403,123
	485,000	5.00%, 08/01/26		601,584
	700,000	5.00%, 08/01/28 (c)		894,103
		Virginia Public Building Authority, Series B (RB)
	25,000	5.00%, 08/01/25		30,228
	15,000	5.00%, 08/01/26		18,606
	400,000	Virginia Public Building Authority, Series C (RB) 4.00%, 08/01/24 (c)		451,316
		Virginia Public School Authority (RB) (SAW)
	750,000	5.00%, 08/01/26 (c)		923,572
	30,000	5.00%, 08/01/26 (c)		36,819
	30,000	5.00%, 08/01/26		37,146
	575,000	5.00%, 08/01/26 (c)		708,584
		Virginia Public School Authority, Series A (RB) (SAW)
	775,000	5.00%, 08/01/25 (c)		930,868
	365,000	5.00%, 08/01/25 (c)		440,205
	1,040,000	Virginia Resources Authority, Series C (RB) 4.00%, 11/01/26 (c)		1,183,281
	750,000	Virginia Small Business Financing Authority, Hampton University (RB) 5.25%, 10/01/24 (c)		876,382
				41,186,718
Washington: 3.9%
	600,000	Auburn School District No. 408 of King and Pierce Counties (GO) (SBG) 4.00%, 06/01/26 (c)		672,144
		Central Puget Sound Regional Transit Authority, Series S-1 (RB)
	590,000	5.00%, 11/01/25 (c)		706,761
	815,000	5.00%, 11/01/25 (c)		974,813
	830,000	5.00%, 11/01/25 (c)		987,152
	110,000	5.00%, 11/01/25 (c)		132,007
	15,000	5.00%, 11/01/25		18,213
	110,000	5.00%, 11/01/26 (c)		136,093
		City of Seattle, Drainage and Wastewater System (RB)
	525,000	4.00%, 04/01/26 (c)		591,328
	500,000	4.00%, 07/01/27 (c)		572,345
	915,000	City of Seattle, Municipal Light and Power Revenue, Series A (RB) 4.00%, 01/01/28 (c)		1,046,632
	135,000	City of Seattle, Municipal Light and Power Revenue, Series B (RB) 5.00%, 04/01/26 (c)		164,460
		City of Seattle, Water System Improvement (RB)
	115,000	4.00%, 02/01/27 (c)		132,106
	1,000,000	5.00%, 05/01/25 (c)		1,187,890
	20,000	5.00%, 08/01/26		24,764
	500,000	5.00%, 02/01/27 (c)		617,635

Principal Amount			Value
Washington: (continued)
$	15,000	City of Spokane, Water and Wastewater Revenue (RB) 5.00%, 12/01/24 (c)	$	17,765
		Energy Northwest, Colombia Generating Station Electric, Series A (RB)
	195,000	5.00%, 07/01/20 (c)		199,633
	235,000	5.00%, 07/01/25 (c)		279,843
	185,000	5.00%, 07/01/26 (c)		226,573
	1,330,000	5.00%, 07/01/27 (c)		1,639,158
	915,000	5.00%, 07/01/27 (c)		1,144,930
	125,000	5.00%, 07/01/28 (c)		157,396
		Energy Northwest, Colombia Generating Station Electric, Series C (RB)
	715,000	5.00%, 07/01/25 (c)		846,152
	1,000,000	5.00%, 07/01/28 (c)		1,256,020
		Energy Northwest, Project 1 Electric, Series A (RB)
	430,000	5.00%, 07/01/22 (c)		472,574
	340,000	5.00%, 07/01/25 (c)		407,289
	525,000	5.00%, 07/01/27 (c)		659,311
	675,000	Energy Northwest, Project 1 Electric, Series C (RB) 5.00%, 07/01/24 (c)		787,779
		Energy Northwest, Project 3 Electric, Series A (RB)
	105,000	5.00%, 07/01/25		126,474
	130,000	5.00%, 07/01/25 (c)		156,216
	1,455,000	5.00%, 07/01/26		1,792,866
	130,000	5.00%, 07/01/26 (c)		159,611
	270,000	Energy Northwest, Project 3 Electric, Series C (RB) 5.00%, 07/01/28		346,526
	760,000	FYI Properties (RB) 5.00%, 06/01/27		949,818
		Grant and Douglas Counties School District No. 144-101 (GO) (SBG)
	125,000	4.00%, 06/01/26 (c)		139,030
	520,000	4.00%, 06/01/26 (c)		588,458
	1,000,000	King County School District No. 210 (GO) (SBG) 4.00%, 12/01/27 (c)		1,146,300
		King County School District No. 401 (GO) (SBG)
	690,000	3.13%, 12/01/26 (c)		731,276
	900,000	5.00%, 12/01/26 (c)		1,102,302
		King County School District No. 405 (GO) (SBG)
	515,000	5.00%, 12/01/26 (c)		633,512
	360,000	5.00%, 12/01/26		447,804
	635,000	King County School District No. 411 (GO) (SBG) 4.00%, 06/01/26 (c)		724,929
	1,075,000	King County School District No. 414 (GO) (SBG) 5.00%, 06/01/27 (c)		1,327,582
	840,000	King County, Washington Limited Tax (GO) 4.00%, 07/01/27 (c)		977,777

Principal Amount			Value
Washington: (continued)
$	570,000	King County, Washington Limited Tax, Series A (GO) 5.00%, 01/01/25 (c)	$	671,688
		King County, Washington Limited Tax, Series E (GO)
	460,000	4.00%, 12/01/25 (c)		514,147
	500,000	5.00%, 12/01/25 (c)		605,115
	445,000	King County, Washington Sewer Revenue, Series B (RB) 5.00%, 07/01/24 (c)		517,989
		Kitsap County School District No. 401 (GO) (SBG)
	250,000	4.00%, 06/01/26 (c)		279,898
	15,000	4.00%, 06/01/26 (c)		17,218
	945,000	Klickitat County Public Utility District No. 1 (RB) 5.00%, 06/01/25 (c)		1,096,172
	1,085,000	Pasco School District No. 1, Franklin County (GO) (SBG) 5.00%, 12/01/27 (c)		1,360,232
		Pierce County School District No. 10 (GO) (SBG)
	640,000	5.00%, 12/01/24 (c)		741,568
	560,000	5.00%, 12/01/25 (c)		667,761
	25,000	5.00%, 12/01/25 (c)		29,881
	175,000	Pierce County School District No. 416 (GO) (SBG) 4.00%, 06/01/26 (c)		198,503
		Port of Seattle, Intermediate Lien (RB)
	30,000	5.00%, 02/01/26 (c)		35,809
	130,000	5.00%, 02/01/26 (c)		156,014
	395,000	Port of Seattle, Intermediate Lien, Series B (RB) 5.00%, 09/01/24 (c)		460,341
	500,000	Port of Tacoma, Series A (GO) 5.00%, 12/01/26 (c)		615,060
	565,000	Puyallup School District No. 3 (GO) (SBG) 5.00%, 06/01/27 (c)		693,989
	735,000	Snohomish County School District No. 201 (GO) (SBG) 5.00%, 12/01/25 (c)		888,211
	125,000	State of Washington, Motor Vehicle Fuel Tax, Series C (GO) 5.00%, 01/01/26 (c)		148,943
	825,000	State of Washington, Motor Vehicle Fuel Tax, Series R-A (GO) 5.00%, 08/01/26 (c)		999,479
		State of Washington, Motor Vehicle Fuel Tax, Series R-B (GO)
	135,000	5.00%, 08/01/26 (c)		164,199
	1,035,000	5.00%, 08/01/26 (c)		1,264,315
	720,000	State of Washington, Motor Vehicle Fuel Tax, Series R-C (GO) 5.00%, 01/01/26 (c)		856,310
	1,000,000	State of Washington, Motor Vehicle Fuel Tax, Series R-D (GO) 5.00%, 01/01/25 (c)		1,168,970

Principal Amount			Value
Washington: (continued)
$	10,000	State of Washington, Motor Vehicle Fuel Tax, Series R-F (GO) 5.00%, 01/01/25 (c)	$	11,839
	545,000	State of Washington, Motor Vehicle Fuel Tax, Series R-H (GO) 5.00%, 01/01/25 (c)		637,089
		State of Washington, Series A (GO)
	115,000	5.00%, 08/01/26 (c)		138,432
	955,000	5.00%, 08/01/26 (c)		1,151,778
	150,000	State of Washington, Series B (GO) 5.00%, 01/01/26 (c)		179,832
		State of Washington, Series C (GO)
	175,000	5.00%, 02/01/25 (c)		207,309
	720,000	5.00%, 02/01/25 (c)		836,410
	500,000	5.00%, 02/01/26 (c)		604,145
	1,725,000	5.00%, 08/01/27		2,174,880
	1,000,000	5.00%, 08/01/27 (c)		1,235,690
	170,000	5.00%, 02/01/28 (c)		214,234
		State of Washington, Series D (GO)
	100,000	5.00%, 02/01/27 (c)		121,998
	110,000	5.00%, 02/01/27		137,174
	1,000,000	5.00%, 08/01/27 (c)		1,239,260
		State of Washington, Various Purpose, Series A (GO)
	1,000,000	5.00%, 08/01/26 (c)		1,221,560
	245,000	5.00%, 08/01/26 (c)		297,991
	915,000	5.00%, 08/01/26 (c)		1,108,513
	200,000	5.00%, 08/01/26 (c)		243,258
	500,000	5.00%, 08/01/27 (c)		617,845
	500,000	5.00%, 08/01/27 (c)		614,765
	730,000	State of Washington, Various Purpose, Series A-1 (GO) 5.00%, 08/01/25 (c)		862,407
	20,000	State of Washington, Various Purpose, Series C (GO) 5.00%, 02/01/26 (c)		24,240
	25,000	State of Washington, Various Purpose, Series R-A (GO) 5.00%, 08/01/26 (c)		30,151
		State of Washington, Various Purpose, Series R-B (GO)
	20,000	5.00%, 01/01/26 (c)		23,831
	1,090,000	5.00%, 01/01/26 (c)		1,301,809
	105,000	5.00%, 01/01/26 (c)		126,833
	145,000	5.00%, 08/01/26 (c)		177,824
		State of Washington, Various Purpose, Series R-C (GO)
	360,000	5.00%, 01/01/25 (c)		423,932
	1,245,000	5.00%, 01/01/25 (c)		1,469,698
	1,000,000	5.00%, 08/01/27 (c)		1,229,530
	420,000	5.00%, 08/01/27 (c)		520,489
		State of Washington, Various Purpose, Series R-E (GO)
	630,000	5.00%, 01/01/25 (c)		734,737
	250,000	5.00%, 01/01/25 (c)		290,520
	720,000	5.00%, 01/01/25 (c)		852,394
	550,000	5.00%, 01/01/25 (c)		645,727
	220,000	Tacoma School District No. 10 (GO) (SBG) 5.00%, 12/01/25 (c)		263,505

Principal Amount			Value
Washington: (continued)
		Washington Health Care Facilities Authority, CommonSpirit Health, Series A-2 (RB)
$	1,000,000	5.00%, 08/01/29 (c)	$	1,206,920
	1,000,000	5.00%, 08/01/29 (c)		1,219,140
		Washington Health Care Facilities Authority, Providence St. Joseph Health, Series B (RB) (ACA)
	195,000	5.00%, 10/01/25		234,275
	225,000	5.00%, 10/01/28 (c)		278,969
	250,000	5.00%, 10/01/28 (c)		316,405
	760,000	Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 5.00%, 08/15/27 (c)		883,196
		Washington State Convention Center Public Facilities District (RB)
	1,510,000	5.00%, 07/01/28 (c)		1,860,879
	1,000,000	5.00%, 07/01/28 (c)		1,235,240
		Washington State University (RB)
	405,000	5.00%, 04/01/25 (c)		472,027
	325,000	5.00%, 04/01/25 (c)		378,056
	430,000	5.00%, 04/01/25 (c)		503,401
	820,000	5.00%, 04/01/25 (c)		957,055
				73,078,251
West Virginia: 0.2%
	270,000	State of West Virginia, Commissioner of Highways, Surface Transportation Improvements, Series A (RB) 5.00%, 09/01/27 (c)		336,037
	200,000	State of West Virginia, Series B (GO) 5.00%, 06/01/28 (c)		252,168
		West Virginia Hospital Finance Authority, West Virginia University Health System Obligated Group, Series A (RB)
	1,055,000	3.00%, 06/01/26 (c)		1,087,979
	240,000	4.00%, 06/01/26 (c)		263,683
	240,000	5.00%, 06/01/26 (c)		287,203
	1,045,000	5.00%, 06/01/26		1,261,085
				3,488,155
Wisconsin: 1.5%
	1,000,000	Central Brown County Water Authority, Series A (RB) 5.00%, 11/01/24 (c)		1,151,880
	155,000	City of Milwaukee, Series N2 (GO) 4.00%, 03/01/26		179,121
		City of Milwaukee, Series N4 (GO)
	200,000	5.00%, 04/01/26		244,606
	100,000	5.00%, 04/01/27		124,691
	350,000	Middleton-Cross Plains Area School District, Series A (GO) 3.25%, 03/01/27 (c)		367,262
		Public Finance Authority, KU Campus Development Corp.- Central District Development Project (RB)
	165,000	5.00%, 03/01/26 (c)		196,065
	180,000	5.00%, 03/01/26 (c)		214,627
	205,000	5.00%, 03/01/26 (c)		246,105

Principal Amount			Value
Wisconsin: (continued)
		Public Finance Authority, Renown Regional Medical Center Project, Series A (RB)
$	375,000	3.00%, 06/01/26 (c)	$	378,180
	560,000	5.00%, 06/01/25 (c)		649,706
		State of Wisconsin, Environmental Improvement Fund, Series A (RB)
	185,000	5.00%, 06/01/25 (c)		218,816
	100,000	5.00%, 06/01/25 (c)		118,122
	100,000	5.00%, 06/01/25		120,534
	185,000	5.00%, 06/01/25 (c)		221,734
	150,000	5.00%, 06/01/25 (c)		179,130
	220,000	5.00%, 06/01/25 (c)		262,029
		State of Wisconsin, General Fund Annual Appropriation, Series B (RB)
	10,000	5.00%, 05/01/26 (c)		12,075
	20,000	5.00%, 05/01/26 (c)		24,227
		State of Wisconsin, Series 1 (GO)
	15,000	5.00%, 05/01/25 (c)		17,967
	460,000	5.00%, 05/01/27 (c)		568,201
	250,000	5.00%, 05/01/27 (c)		311,053
	405,000	5.00%, 05/01/27 (c)		507,910
		State of Wisconsin, Series 2 (GO)
	510,000	5.00%, 05/01/26 (c)		627,963
	150,000	5.00%, 05/01/26 (c)		183,563
	635,000	5.00%, 11/01/26		787,419
	315,000	5.00%, 11/01/26		390,609
	500,000	5.00%, 05/01/27 (c)		627,050
		State of Wisconsin, Series 3 (GO)
	145,000	5.00%, 11/01/22 (c)		161,099
	385,000	5.00%, 11/01/22 (c)		427,835
	500,000	5.00%, 05/01/27 (c)		615,820
	450,000	5.00%, 05/01/27 (c)		555,849
	295,000	5.00%, 05/01/27 (c)		368,756
		State of Wisconsin, Series 4 (GO)
	40,000	5.00%, 11/01/24 (c)		47,053
	1,575,000	5.00%, 11/01/24 (c)		1,856,878
		State of Wisconsin, Series A (GO)
	100,000	4.00%, 05/01/26 (c)		112,895
	250,000	5.00%, 05/01/25 (c)		294,805
	1,170,000	5.00%, 05/01/25 (c)		1,372,246
	1,010,000	5.00%, 05/01/25 (c)		1,183,649
	210,000	State of Wisconsin, Series B (GO) 5.00%, 05/01/25 (c)		247,636
	500,000	State of Wisconsin, Series D (GO) 4.00%, 05/01/24 (c)		555,705
	500,000	Sun Prairie Area School District (GO) 4.00%, 03/01/25 (c)		556,920
		Wisconsin Department of Transportation, Series 1 (RB)
	565,000	5.00%, 07/01/24 (c)		650,795
	15,000	5.00%, 07/01/25 (c)		18,049
	500,000	5.00%, 07/01/26		617,540
		Wisconsin Department of Transportation, Series 2 (RB)
	480,000	5.00%, 07/01/27 (c)		592,138
	115,000	5.00%, 07/01/27 (c)		142,924
		Wisconsin Department of Transportation, Series A (RB)
	1,180,000	5.00%, 07/01/24 (c)		1,367,065

Principal Amount			Value
Wisconsin: (continued)
$	510,000	5.00%, 07/01/24 (c)	$	593,451
	140,000	5.00%, 07/01/24 (c)		163,426
		Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series A (RB)
	1,000,000	4.00%, 05/15/26 (c)		1,109,850
	1,500,000	4.00%, 05/15/26 (c)		1,653,990
	290,000	5.00%, 05/15/26 (c)		353,005
	35,000	5.00%, 05/15/26 (c)		42,479
	100,000	5.00%, 05/15/26 (c)		120,730
	500,000	Wisconsin Health and Educational Facilities Authority, Children’s Hospital of Wisconsin, Inc. (RB) 4.00%, 08/15/27 (c)		562,835
	125,000	Wisconsin Health and Educational Facilities Authority, Froedtert Health, Inc., Series A (RB) 5.00%, 04/01/27 (c)		149,864
	155,000	Wisconsin Health and Educational Facilities Authority, Hospital Sisters Services, Inc., Series A (RB) 5.00%, 11/15/24 (c)		180,876

Principal Amount			Value
Wisconsin: (continued)
$	1,000,000	Wisconsin Health and Educational Facilities Authority, ProHealth Care, Inc. Obligated Group (RB) 3.38%, 08/15/24 (c)	$	1,053,890
	855,000	Wisconsin Health and Educational Facilities Authority, Series B (RB) 3.15%, 09/01/25 (c)		862,917
				27,523,615
Wyoming: 0.1%
	1,000,000	County of Sweetwater, Idaho Power Company Project (RB) 1.70%, 07/15/26		990,260
Total Municipal Bonds: 98.9% (Cost: $1,779,369,863)				1,862,133,087
Other assets less liabilities: 1.1%				21,556,190
NET ASSETS: 100.0%			$	1,883,689,277

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
MUNICIPAL BONDS: 98.1%
Alabama: 1.9%
		Alabama Federal Aid Highway Finance Authority, Series A (RB)
$	235,000	4.00%, 09/01/27 (c)	$	264,641
	250,000	5.00%, 09/01/27 (c)		306,577
	260,000	Infirmary Health System, Inc., Series A (RB) 4.00%, 02/01/26 (c)		274,355
	1,085,000	Lower Alabama Gas District, Series A (RB) 5.00%, 09/01/46		1,534,667
	105,000	State of Alabama, Series A (GO) 5.00%, 11/01/28 (c)		131,726
	210,000	Tuscaloosa City Board of Education (RB) 4.00%, 08/01/26 (c)		227,428
		UAB Medicine Finance Authority, Series B (RB)
	110,000	4.00%, 09/01/26 (c)		121,116
	220,000	5.00%, 09/01/26 (c)		257,618
	280,000	UAB Medicine Finance Authority, Series B2 (RB) 4.00%, 03/01/27 (c)		304,402
	260,000	Water Works Board of the City of Birmingham, Series B (RB) 5.00%, 01/01/27 (c)		305,466
				3,727,996
Alaska: 0.1%
	215,000	Municipality Of Anchorage, Senior Lien, Series A (RB) 4.00%, 12/01/24 (c)		228,266
Arizona: 0.7%
	225,000	Arizona Health Facilities Authority, Series A (RB) 5.00%, 01/01/24 (c)		250,220
	215,000	City of Phoenix Civic Improvement Corp., Series D (RB) 4.00%, 07/01/27 (c)		239,211
		Maricopa County Industrial Development Authority, Banner Health, Series A (RB)
	350,000	4.00%, 01/01/27 (c)		386,340
	270,000	5.00%, 01/01/27 (c)		319,974
	220,000	Salt River Project Agricultural Improvement and Power District, Series A (RB) 5.00%, 06/01/25 (c)		255,171
				1,450,916
Arkansas: 0.1%
	130,000	City of Rogers, Sales and Use Tax, Series B (RB) 3.25%, 11/01/26 (c)		136,035
California: 17.0%
	300,000	Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series E (RB) 5.00%, 05/01/28 (c)		364,227

Principal Amount			Value
California: (continued)
$	500,000	Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series F (RB) 5.00%, 05/01/29 (c)	$	615,600
	315,000	Alameda Corridor Transportation Authority, Second Subordinate Lien, Series B (RB) (AGM) 4.00%, 10/01/26 (c)		346,232
	230,000	Anaheim Elementary School District (GO) 3.00%, 08/01/26 (c)		231,642
	150,000	Anaheim Public Financing Authority, Series A (RB) 5.00%, 05/01/24 (c)		171,845
	345,000	Antelope Valley Community College District (GO) 5.00%, 02/01/25 (c)		400,862
	220,000	Bay Area Toll Authority, Series S-6 (RB) 5.00%, 10/01/24 (c)		261,580
	315,000	Beverly Hills Unified School District (GO) 0.00%, 08/01/26 (c) ^		156,038
	250,000	California Community College Financing Authority, Orange Coast College Project (RB) 5.25%, 05/01/28 (c)		293,942
		California Health Facilities Financing Authority, Providence St. Joseph Health, Series A (RB)
	850,000	3.00%, 10/01/26 (c)		853,068
	680,000	3.00%, 10/01/26 (c)		685,800
		California Health Facilities Financing Authority, Series A (RB)
	350,000	4.00%, 03/01/26 (c)		376,715
	230,000	4.00%, 11/15/27 (c)		250,889
	250,000	5.00%, 11/15/25 (c)		293,395
		California Health Facilities Financing Authority, Series B (RB)
	300,000	4.00%, 11/15/26 (c)		334,371
	155,000	4.00%, 11/15/26 (c)		171,734
	350,000	5.00%, 11/15/26 (c)		425,075
	100,000	California Health Facilities Financing Authority, Stanford Health Care, Series A (RB) 5.00%, 11/15/27 (c)		123,787
	200,000	California Health Facilities Financing Authority, Sutter Health, Series A (RB) 5.00%, 11/15/27 (c)		247,742
	415,000	California Infrastructure and Economic Development Bank, Series A (RB) 4.00%, 11/01/23 (c)		441,647
	160,000	California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB) 4.00%, 07/01/27 (c)		172,456

Principal Amount			Value
California: (continued)
$	200,000	California Municipal Finance Authority, Orange County Civic Center Infrastructure Improvement Program-Phase I, Series A (RB) 4.00%, 06/01/27 (c)	$	220,874
	350,000	California Public Finance Authority, Henry Mayo Newhall Hospital (RB) 5.00%, 10/15/26 (c)		400,582
		California State University, Series A (RB)
	305,000	3.13%, 05/01/26 (c)		317,426
	250,000	4.00%, 05/01/26 (c)		274,275
	300,000	California Statewide Communities Development Authority, Adventist Health System/West, Series A (RB) 5.00%, 03/01/28 (c)		357,852
		California Statewide Communities Development Authority, Huntington Memorial Hospital, Series B (RB)
	120,000	4.00%, 07/01/24 (c)		126,512
	155,000	5.00%, 07/01/24 (c)		174,522
		California Statewide Communities Development Authority, John Muir Health, Series A (RB)
	150,000	4.00%, 08/15/26 (c)		163,260
	385,000	4.00%, 08/15/26 (c)		421,983
	20,000	4.00%, 08/15/26 (c)		22,059
	200,000	California Statewide Communities Development Authority, Marin General Hospital, Series A (RB) 4.00%, 08/01/23 (c)		208,084
	455,000	Centinela Valley Union High School District, Series B (GO) (AGM) 4.00%, 08/01/26 (c)		497,656
	275,000	Cerritos Community College District, Series A (GO) 5.00%, 08/01/24 (c)		316,536
	155,000	City of Los Angeles, Department of Airports, Series B (RB) 5.00%, 05/15/25 (c)		181,015
	170,000	City of Los Angeles, Department of Airports, Series C (RB) 5.00%, 05/15/29 (c)		216,396
	340,000	City of Los Angeles, Wastewater System, Series A (RB) 4.00%, 06/01/25 (c)		369,155
	750,000	City of San Jose, Disaster Preparedness, Public Safety and Infrastructure, Series A-1 (GO) (AGM) 5.00%, 03/01/29 (c)		959,062
	195,000	Cupertino Union School District, Series C (GO) 4.00%, 08/01/26 (c)		216,425
	300,000	Department of Veterans Affairs of the State of California, Home Purchase Program, Series B (RB) 3.38%, 06/01/26 (c)		312,537
	290,000	East Bay Municipal Utility District, Water System, Series B (RB) 4.00%, 06/01/25 (c)		317,730

Principal Amount			Value
California: (continued)
$	390,000	Eastern Municipal Water District, Water and Wastewater Revenue, Series A (RB) 5.00%, 07/01/26 (c)	$	461,760
	170,000	Elk Grove Unified School District (CP) 3.13%, 02/01/26 (c)		173,640
	300,000	Fairfield-Suisun Unified School District (GO) 2.75%, 08/01/26 (c)		302,706
	130,000	Glendale Community College District, Series A (GO) 4.00%, 08/01/27 (c)		143,913
		Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB)
	530,000	5.00%, 06/01/25 (c)		613,189
	125,000	5.00%, 06/01/25 (c)		145,480
	185,000	Hayward Area Recreation and Park District, Series A (GO) 4.00%, 08/01/27 (c)		206,179
	105,000	Imperial Irrigation District, Electric System, Series B-2 (RB) 5.00%, 11/01/26 (c)		125,568
	165,000	Imperial Irrigation District, Electric System, Series C (RB) 5.00%, 05/01/26 (c)		197,856
	185,000	Kaweah Delta Health Care District, Series B (RB) 5.00%, 06/01/25 (c)		208,110
		Livermore Valley Joint Unified School District (GO)
	215,000	3.00%, 08/01/26 (c)		217,855
	250,000	4.00%, 08/01/26 (c)		277,263
	1,000,000	Los Angeles County Metropolitan Transportation Authority, Series A (RB) (AGM) 5.00%, 07/01/28 (c)		1,236,140
		Los Angeles Department of Water and Power, Series A (RB)
	335,000	5.00%, 07/01/24 (c)		385,863
	105,000	5.00%, 01/01/26 (c)		124,740
	300,000	5.00%, 01/01/26 (c)		353,217
	340,000	5.00%, 01/01/26 (c)		403,753
	500,000	5.00%, 01/01/27 (c)		600,530
	540,000	5.00%, 01/01/27 (c)		657,245
	250,000	5.00%, 01/01/28 (c)		306,082
		Los Angeles Department of Water and Power, Series C (RB)
	275,000	5.00%, 07/01/27 (c)		333,935
	1,000,000	5.00%, 07/01/29 (c)		1,279,620
		Los Angeles Unified School District, Series A (GO)
	200,000	4.00%, 07/01/25 (c)		219,472
	335,000	5.00%, 07/01/25 (c)		393,950
	200,000	Marin Healthcare District, Series A (GO) 4.00%, 08/01/25 (c)		218,242
		Metropolitan Water District of Southern California, Series A (RB)
	345,000	5.00%, 07/01/25 (c)		407,341
	500,000	5.00%, 01/01/29 (c)		635,000

Principal Amount			Value
California: (continued)
$	530,000	Miracosta Community College District, Series A (GO) 4.00%, 08/01/27 (c)	$	593,828
	100,000	Montebello Unified School District, Series A (GO) 4.00%, 08/01/26 (c)		107,563
	110,000	Oakland Unified School District, Series A (GO) 5.00%, 08/01/25 (c)		127,910
	380,000	Oxnard School District, Series A (GO) 4.00%, 08/01/27 (c)		420,668
	110,000	Peralta Community College District, Series D (GO) 4.00%, 08/01/25 (c)		119,984
	125,000	Port of Los Angeles, Harbor Department, Series B (RB) 5.00%, 08/01/24 (c)		143,005
	250,000	Public Utilities Commission of the City and County of San Francisco, Wastewater Revenue, Series B (RB) 4.00%, 10/01/25 (c)		275,410
	265,000	Regents of the University of California, Medical Center Pooled Revenue, Series L (RB) 5.00%, 05/15/26 (c)		308,683
	250,000	Regents of the University of California, Series AR (RB) 4.00%, 05/15/26 (c)		278,983
	370,000	Riverside County Public Financing Authority, Capital Facilities Project (RB) 4.13%, 11/01/25 (c)		404,062
	250,000	San Diego Unified School District, Series G (GO) 4.00%, 07/01/25 (c)		273,658
		San Diego Unified School District, Series I (GO)
	380,000	0.00%, 07/01/25 (c) ^		184,083
	425,000	0.00%, 07/01/25 (c) ^		225,760
	215,000	3.13%, 07/01/27 (c)		221,263
	595,000	4.00%, 07/01/27 (c)		665,180
	230,000	San Francisco Bay Area Rapid Transit District, Series E (GO) 4.00%, 08/01/27 (c)		264,742
	150,000	San Francisco Municipal Transportation Agency (RB) 4.00%, 03/01/27 (c)		165,354
	250,000	Santa Clara County Financing Authority, Multiple Facilities Projects, Series Q (RB) 3.00%, 05/15/25 (c)		255,488
	250,000	Santa Monica Community College District, Series A (GO) 5.00%, 08/01/28 (c)		310,612
		State of California, Various Purpose (GO)
	105,000	4.00%, 09/01/26 (c)		115,696
	400,000	5.00%, 10/01/24 (c)		460,520
	700,000	5.00%, 09/01/26 (c)		833,133
	500,000	5.00%, 11/01/27 (c)		608,955
	935,000	5.00%, 10/01/28 (c)		1,161,420

Principal Amount			Value
California: (continued)
$	240,000	Victor Valley Community College District (GO) 4.00%, 08/01/26 (c)	$	263,210
	235,000	West Hollywood Public Financing Authority (RB) 4.00%, 04/01/26 (c)		257,713
	250,000	West Valley-Mission Community College District, Series A (GO) 4.00%, 08/01/29 (c)		286,067
				33,254,187
Colorado: 2.5%
	220,000	Adams and Weld Counties, School District No. 27J (GO) (SAW) 5.00%, 12/01/25 (c)		260,381
	550,000	Board of Governors of Colorado State University System (RB) 4.00%, 03/01/28 (c)		615,202
	230,000	City and County of Denver, Board of Water Commissioners, Series B (RB) 4.00%, 09/15/27 (c)		258,226
	285,000	City and County of Denver, Series A (CP) 4.00%, 06/01/26 (c)		308,230
	120,000	City of Colorado Springs, Utilities System, Series A (RB) 4.00%, 11/15/25 (c)		129,680
	750,000	City of Loveland, Electric and Communications Enterprise, Series A (RB) 5.00%, 12/01/28 (c)		907,425
	155,000	Colorado Educational and Cultural Facilities Authority, University of Denver Project, Series A (RB) 5.00%, 03/01/27 (c)		184,422
	320,000	Colorado Health Facilities Authority, Adventist Health System/Sunbelt Obligated Group, Series A (RB) 4.00%, 05/15/28 (c)		351,549
	280,000	Colorado Health Facilities Authority, Children Hospital, Series A (RB) 5.00%, 06/01/26 (c)		325,931
	500,000	Colorado Health Facilities Authority, CommonSpirit Health, Series A-2 (RB) 3.25%, 08/01/29 (c)		474,430
	225,000	Colorado Health Facilities Authority, Vail Valley Center Project (RB) 4.00%, 01/15/26 (c)		239,164
		Colorado High Performance Transportation Enterprise (RB)
	250,000	5.00%, 12/31/24 (c)		272,985
	250,000	5.00%, 12/31/24 (c)		273,708
	230,000	University of Colorado, Series A-2 (RB) 4.00%, 06/01/28 (c)		261,703
				4,863,036
Connecticut: 1.1%
	100,000	Connecticut Housing Finance Authority, Series A-1 (RB) 3.50%, 05/15/25 (c)		103,261

Principal Amount			Value
Connecticut: (continued)
$	300,000	Connecticut Housing Finance Authority, Series B-1 (RB) 4.00%, 05/15/27 (c)	$	318,654
	15,000	Connecticut Housing Finance Authority, Series C-1 (RB) 3.50%, 11/15/24 (c)		15,676
	250,000	Connecticut State Health and Educational Facilities Authority, Trinity Health Credit Group (RB) 5.00%, 06/01/26 (c)		290,822
	220,000	Metropolitan District, Clean Water Project, Series A (RB) 5.00%, 11/01/24 (c)		251,332
	230,000	State of Connecticut Health and Educational Facilities Authority, Quinnipiac University, Series L (RB) 4.13%, 07/01/25 (c)		247,153
	215,000	State of Connecticut, State Revolving Fund, Series A (RB) 5.00%, 05/01/27 (c)		262,018
		University of Connecticut, Series A (RB)
	250,000	4.00%, 11/01/28 (c)		280,483
	275,000	4.00%, 11/01/28 (c)		309,301
				2,078,700
Delaware: 0.2%
	150,000	County of New Castle (GO) 4.00%, 04/01/27 (c)		166,098
	115,000	Delaware State Health Facilities Authority, Bayhealth Medical Center Project, Series A (RB) 4.00%, 07/01/27 (c)		126,403
				292,501
District of Columbia: 0.5%
	250,000	District of Columbia, Children’s Hospital Obligated Group (RB) 5.00%, 01/15/26 (c)		286,677
		District of Columbia, Series A (GO)
	100,000	4.00%, 04/15/29 (c)		114,183
	250,000	5.00%, 06/01/27 (c)		303,375
		District of Columbia, Water and Sewer Authority, Subordinated Lien, Series A (RB)
	230,000	3.25%, 04/01/26 (c)		239,851
	100,000	5.00%, 04/01/26 (c)		118,565
				1,062,651
Florida: 4.0%
	345,000	Central Florida Expressway Authority (RB) 4.00%, 07/01/27 (c)		380,742
	250,000	City of Jacksonville, Series A (RB) 5.25%, 10/01/27 (c)		301,407
		City of Port St. Lucie, Southwest Annexation Special Assessment District No. 1 (SA)
	170,000	3.00%, 07/01/26 (c)		173,142
	200,000	3.25%, 07/01/26 (c)		204,802

Principal Amount			Value
Florida: (continued)
$	255,000	City of Tallahassee, Health Facilities Authority, Memorial Healthcare, Inc. Project, Series A (RB) 4.00%, 12/01/25 (c)	$	267,360
	345,000	City of Tampa, Baycare Health System, Series A (RB) 4.00%, 05/15/26 (c)		370,882
	900,000	Collier County Water and Sewer District (RB) 3.00%, 07/01/29 (c)		940,905
	805,000	County of Miami-Dade (RB) 4.00%, 10/01/26 (c)		882,755
	250,000	County of Miami-Dade, Capital Asset Acquisition, Series B (RB) 3.13%, 04/01/26 (c)		258,673
		County of Miami-Dade, Educational Facilities Authority, Series A (RB)
	240,000	4.00%, 04/01/25 (c)		255,391
	465,000	5.00%, 04/01/25 (c)		527,821
	510,000	County of Miami-Dade, Florida Transit System (RB) 4.00%, 07/01/28 (c)		567,487
	210,000	County of Miami-Dade, Water and Sewer System, Series A (RB) 4.00%, 10/01/27 (c)		231,972
		County of Miami-Dade, Water and Sewer System, Series B (RB)
	140,000	3.13%, 10/01/27 (c)		143,724
	360,000	4.00%, 10/01/27 (c)		403,294
	100,000	Florida Housing Finance Corp., Series 1 (RB) 3.20%, 07/01/28 (c)		102,481
	125,000	Greater Orlando Aviation Authority, Airport Facilities, Series B (RB) 5.00%, 10/01/26 (c)		147,606
	260,000	Halifax Hospital Medical Center (RB) 3.75%, 06/01/26 (c)		269,480
	140,000	JEA Electric System, Series Three A (RB) 3.75%, 04/01/20 (c)		140,484
	160,000	Miami Beach Redevelopment Agency, City Center and Historical Convention Village, Series B (AGM) (TA) 5.00%, 02/01/24 (c)		180,485
	135,000	Miami Beach Redevelopment Agency, Historic Convention Village, Series A (AGM) (TA) 5.00%, 02/01/24 (c)		153,160
	265,000	Orange County Health Facilities Authority (RB) 4.00%, 10/01/26 (c)		285,612
	355,000	Palm Beach County, Public Improvement, Professional Sports Franchise Facility Project, Series D (RB) 5.00%, 12/01/25 (c)		421,087
	170,000	State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO) 2.63%, 06/01/26 (c)		172,480
				7,783,232

Principal Amount			Value
Georgia: 1.9%
$	260,000	Burke County Development Authority, Series D (RB) 4.13%, 02/01/28 (c)	$	277,545
	150,000	County of Paulding, Water and Sewerage Revenue (RB) 3.00%, 12/01/26 (c)		151,058
	90,000	Dahlonega Downtown Development Authority (RB) 3.13%, 07/01/23 (c)		91,252
	185,000	Dalton-Whitfield County Joint Development Authority (RB) 4.00%, 02/15/28 (c)		202,669
	270,000	Development Authority of Rockdale County, Piedmont Healthcare, Inc. Project, Series A (RB) (SAW) 4.00%, 07/01/29 (c)		295,456
	115,000	Forsyth County School District (GO) 5.00%, 02/01/28 (c)		142,824
	350,000	Georgia Higher Education Facilities Authority, USG Real Estate Foundation I, LLC Project (RB) 4.13%, 06/15/25 (c)		380,933
	165,000	Georgia Housing and Finance Authority, Single Family Mortgage, Series A (RB) (AGM) (SAW) 3.35%, 06/01/28 (c)		173,113
	150,000	Georgia Housing and Finance Authority, Single Family Mortgage, Series A-1 (RB) 3.20%, 12/01/25 (c)		155,480
		Georgia Housing and Finance Authority, Single Family Mortgage, Series B (RB)
	150,000	3.55%, 12/01/26 (c)		157,166
	450,000	4.05%, 12/01/27 (c)		493,753
		Georgia Housing and Finance Authority, Single Family Mortgage, Series B-1 (RB)
	115,000	3.35%, 12/01/25 (c)		118,982
	120,000	3.35%, 12/01/25 (c)		124,156
	335,000	Gwinnett County School District (GO) (SAW) 5.00%, 02/01/29 (c)		422,991
	165,000	Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4, Series A (RB) 5.00%, 07/01/25 (c)		180,528
	150,000	Private Colleges and Universities Authority, Emory University, Series B (RB) 3.00%, 10/01/24 (c)		152,529
	100,000	State of Georgia, Series A (GO) 3.00%, 02/01/27 (c)		105,492
				3,625,927
Hawaii: 0.6%
	130,000	City and County of Honolulu, Series A (GO) 5.00%, 10/01/25 (c)		152,610

Principal Amount			Value
Hawaii: (continued)
		City and County of Honolulu, Series C (GO)
$	750,000	4.00%, 08/01/29 (c)	$	852,465
	200,000	5.00%, 08/01/29 (c)		249,992
				1,255,067
Illinois: 5.0%
	100,000	Chicago Board of Education (ST) 6.00%, 04/01/27 (c)		119,471
	250,000	Chicago Midway International Airport, Series B (RB) 5.00%, 01/01/26 (c)		287,455
	890,000	Chicago O’Hare International Airport, Series B (RB) (AGM) 4.00%, 01/01/29 (c)		983,735
		Chicago O’Hare International Airport, Series C (RB)
	165,000	5.00%, 01/01/26 (c)		192,903
	150,000	5.00%, 01/01/27 (c)		176,820
		Chicago O’Hare International Airport, Series D (RB)
	510,000	5.00%, 01/01/25 (c)		577,391
	150,000	5.00%, 01/01/27 (c)		174,710
	255,000	5.00%, 01/01/27 (c)		298,031
	250,000	Chicago O’Hare International Airport, Series F (RB) 5.00%, 01/01/27 (c)		291,182
	500,000	Chicago Transit Authority, Second Lien (RB) (AGM) 5.00%, 12/01/26 (c)		567,625
	250,000	City of Chicago, Neighborhoods Alive 21 Program, Series B (GO) 5.50%, 01/01/25 (c)		280,985
		City of Chicago, Series A (GO)
	1,000,000	5.00%, 01/01/29 (c)		1,133,700
	350,000	6.00%, 01/01/27 (c)		415,590
	250,000	City of Chicago, Water Revenue, Second Lien (RB) 5.00%, 11/01/27 (c)		293,785
		County of Cook (RB)
	150,000	4.00%, 11/15/27 (c)		165,044
	160,000	4.00%, 11/15/27 (c)		175,262
	115,000	County of Will (GO) 4.00%, 11/15/25 (c)		126,598
	230,000	Illinois Finance Authority, Advocate Health Care Network (RB) 4.13%, 05/01/25 (c)		245,799
	355,000	Illinois Finance Authority, DePaul University, Series A (RB) 3.00%, 10/01/26 (c)		361,177
	510,000	Illinois Finance Authority, Mercy Health Corp. (RB) 5.00%, 06/01/26 (c)		580,298
	300,000	Illinois Finance Authority, OSF Healthcare System, Series A (RB) 4.13%, 11/15/25 (c)		322,473
	180,000	Illinois Finance Authority, Series C (RB) 4.00%, 02/15/27 (c)		197,456
	140,000	Illinois Finance Authority, University of Chicago, Series A (RB) 5.00%, 10/01/25 (c)		162,529

Principal Amount			Value
Illinois: (continued)
$	370,000	Illinois State Toll Highway Authority, Series B (RB) 5.00%, 01/01/26 (c)	$	427,365
	165,000	Northern Illinois Municipal Power Agency, Series A (RB) 4.00%, 12/01/26 (c)		176,560
		State of Illinois, Series A (GO)
	630,000	5.00%, 05/01/28 (c)		707,307
	250,000	5.00%, 05/01/28 (c)		281,313
				9,722,564
Indiana: 0.6%
	240,000	Indiana Finance Authority, Stadium Project, Series A (RB) 5.25%, 08/01/25 (c)		286,327
	190,000	Indiana Municipal Power Agency, Series A (RB) 5.00%, 07/01/26 (c)		221,890
	120,000	Richmond Hospital Authority, Reid Hospital Project, Series A (RB) 5.00%, 01/01/25 (c)		133,361
	515,000	Trustees of Indiana University, Series A (RB) 4.00%, 06/01/25 (c)		559,460
				1,201,038
Iowa: 0.3%
		Iowa Higher Education Loan Authority (RB)
	300,000	5.00%, 12/01/26 (c)		357,837
	250,000	5.00%, 12/01/26 (c)		299,112
				656,949
Kansas: 0.4%
	180,000	Johnson County, Series A (GO) 4.00%, 09/01/27 (c)		204,176
		Sedgwick County Unified School District No. 260, Series B (GO)
	150,000	4.00%, 10/01/26 (c)		166,826
	300,000	5.00%, 10/01/26 (c)		352,059
	125,000	State of Kansas, Department of Transportation, Highway Revenue, Series A (RB) 5.00%, 09/01/27 (c)		153,391
				876,452
Kentucky: 1.0%
	500,000	Commonwealth of Kentucky, Series A (CP) 4.00%, 04/15/28 (c)		542,610
	600,000	Kentucky Bond Development Corp., Lexington Center Corp. Project (RB) 4.00%, 09/01/28 (c)		656,670
		Louisville and Jefferson County, Metropolitan Sewer District, Series A (RB)
	345,000	3.00%, 11/15/25 (c)		340,146
	235,000	3.25%, 11/15/26 (c)		237,686
	140,000	University of Kentucky, Series A (RB) 3.25%, 04/01/25 (c)		144,833
				1,921,945

Principal Amount			Value
Louisiana: 1.5%
		East Baton Rouge Sewerage Commission, Series B (RB)
$	235,000	4.00%, 02/01/25 (c)	$	254,049
	300,000	5.00%, 02/01/25 (c)		347,043
	230,000	Louisiana Local Government Environmental Facilities and Community Development Authority, Woman’s Hospital Foundation Project, Series A (RB) 4.00%, 10/01/27 (c)		246,705
		Louisiana Public Facilities Authority, Louisiana State University Nicholson Gateway Project (RB)
	315,000	5.00%, 07/01/26 (c)		358,886
	340,000	5.00%, 07/01/26 (c)		388,260
		Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project (RB)
	230,000	4.00%, 05/15/27 (c)		245,589
	280,000	4.25%, 05/15/25 (c)		300,840
	240,000	New Orleans Aviation Board, North Terminal Project, Series A (RB) 5.00%, 01/01/27 (c)		279,701
	500,000	State of Louisiana, Gasoline and Fuels Tax Revenue, Series A (RB) 4.50%, 05/01/25 (c)		555,220
				2,976,293
Maine: 0.2%
	250,000	Maine Municipal Bond Bank, Series C (RB) 5.00%, 11/01/27 (c)		307,080
Maryland: 1.7%
		City of Baltimore, Water Projects, Series A (RB) (SAW)
	225,000	4.00%, 07/01/29 (c)		250,776
	190,000	5.00%, 01/01/25 (c)		217,259
		County of Baltimore (GO)
	250,000	4.00%, 03/01/28 (c)		280,553
	610,000	4.00%, 03/01/28 (c)		694,570
	115,000	Maryland Health and Higher Educational Facilities Authority (RB) 4.00%, 07/01/24 (c)		121,913
	270,000	Maryland Health and Higher Educational Facilities Authority, Mercy Medical Center, Series A (RB) 4.00%, 07/01/26 (c)		285,660
		Maryland Health and Higher Educational Facilities Authority, Series A (RB)
	260,000	4.00%, 05/15/27 (c)		282,526
	220,000	5.00%, 07/01/26 (c)		255,112
	150,000	Maryland Health and Higher Educational Facilities Authority, Series D (RB) 4.00%, 01/01/28 (c)		162,902
	100,000	Prince George’s County, Regional Medical Center (CP) 3.25%, 10/01/27 (c)		102,302

Principal Amount			Value
Maryland: (continued)
$	270,000	Trinity Health Credit Group, Maryland Health and Higher Educational Facility, Series MD (RB) 4.00%, 06/01/27 (c)	$	295,879
	390,000	Washington Suburban Sanitary District (GO) 4.00%, 06/01/24 (c)		422,479
				3,371,931
Massachusetts: 4.1%
	160,000	Boston Water and Sewer Commission, Series B (RB) 3.00%, 11/01/23 (c)		161,035
	315,000	Commonwealth of Massachusetts, Accelerated Bridge Program, Series A (RB) 5.00%, 06/01/28 (c)		382,451
		Commonwealth of Massachusetts, Series A (GO)
	430,000	5.00%, 03/01/24 (c)		484,253
	275,000	5.00%, 04/01/27 (c)		328,922
	200,000	5.00%, 01/01/28 (c)		241,840
		Commonwealth of Massachusetts, Series E (GO)
	120,000	3.00%, 04/01/25 (c)		121,255
	275,000	3.25%, 09/01/25 (c)		284,784
	440,000	4.00%, 04/01/25 (c)		476,304
	375,000	4.00%, 09/01/25 (c)		409,669
	295,000	4.00%, 09/01/25 (c)		322,692
	245,000	Commonwealth of Massachusetts, Series G (GO) 3.00%, 09/01/26 (c)		247,504
	230,000	Commonwealth of Massachusetts, Series J (GO) 4.00%, 12/01/26 (c)		253,327
	100,000	Massachusetts Bay Transportation Authority, Series A (RB) 5.00%, 07/01/27 (c)		119,991
	280,000	Massachusetts Development Finance Agency, Boston Medical Center Issue, Series D (RB) 5.00%, 07/01/25 (c)		315,076
	250,000	Massachusetts Development Finance Agency, Boston Medical Center, Series E (RB) 4.00%, 07/01/26 (c)		267,820
	200,000	Massachusetts Development Finance Agency, Boston Student Housing Project (RB) 5.00%, 10/01/26 (c)		226,166
		Massachusetts Development Finance Agency, Dana-Farber Cancer Institute, Series N (RB)
	200,000	5.00%, 12/01/26 (c)		234,390
	290,000	5.00%, 12/01/26 (c)		347,191
	300,000	Massachusetts Development Finance Agency, Lahey Health System Obligated Group Issue, Series F (RB) 5.00%, 08/15/25 (c)		342,669

Principal Amount			Value
Massachusetts: (continued)
$	480,000	Massachusetts Development Finance Agency, Provident Commonwealth Education Resources II Issue, UMass Dartmouth Student Housing Project (RB) 5.00%, 10/01/28 (c)	$	558,571
	250,000	Massachusetts Development Finance Agency, Suffolk University (RB) 4.00%, 07/01/27 (c)		270,360
	250,000	Massachusetts Development Finance Agency, The Broad Institute Issue (RB) 4.00%, 10/01/27 (c)		278,720
	600,000	Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series L (RB) 3.63%, 07/01/27 (c)		630,576
	565,000	Massachusetts School Building Authority, Series C (RB) 5.00%, 08/15/25 (c)		665,011
	150,000	Massachusetts Water Resources Authority, Series D (RB) 3.00%, 08/01/26 (c)		152,633
				8,123,210
Michigan: 1.7%
	390,000	Great Lakes Water Authority, Water Supply System, Second Lien, Series B (RB) 5.00%, 07/01/26 (c)		454,900
	320,000	Great Lakes Water Authority, Water Supply System, Senior Lien, Series A (RB) 5.00%, 07/01/26 (c)		375,408
		Michigan Finance Authority, Henry Ford Health System (RB)
	225,000	4.00%, 11/15/26 (c)		243,054
	110,000	4.00%, 11/15/26 (c)		120,989
	135,000	Michigan Finance Authority, Henry Ford Health System, Series A (RB) 5.00%, 11/02/29 (c)		163,643
		Michigan Finance Authority, Trinity Health Credit Group, Series MI (RB)
	410,000	4.00%, 06/01/25 (c)		444,895
	150,000	4.00%, 06/01/27 (c)		162,338
	500,000	5.00%, 06/01/22 (c)		540,715
		Michigan State Housing Development Authority, Single-Family Mortgage, Series A (RB)
	100,000	3.70%, 12/01/25 (c)		105,930
	545,000	4.00%, 06/01/28 (c)		585,232
	190,000	Wayne County Airport Authority, Series A (RB) 5.00%, 12/01/27 (c)		226,205
				3,423,309
Minnesota: 0.2%
		City of Apple Valley, Minnesota Senior Living LLC Project, Series A (RB)
	175,000	4.25%, 01/01/22 (c)		176,785
	125,000	4.50%, 01/01/22 (c)		125,775

Principal Amount			Value
Minnesota: (continued)
$	100,000	City of Apple Valley, Minnesota Senior Living LLC Project, Series B (RB) 5.00%, 01/01/22 (c)	$	98,045
				400,605
Missouri: 0.7%
	330,000	City of Kansas City, Sanitary Sewer System Revenue, Series A (RB) 4.00%, 01/01/28 (c)		374,095
	315,000	Health and Educational Facilities Authority, BJC Health System, Series C (RB) 4.00%, 07/01/26 (c) (p)		340,707
	235,000	Health and Educational Facilities Authority, Mercy Health, Series C (RB) 4.00%, 11/15/27 (c)		260,906
	250,000	Health and Educational Facilities Authority, Mercy Health, Series F (RB) 4.00%, 11/15/24 (c)		265,700
	130,000	Health and Educational Facilities Authority, Saint Louis University (RB) 5.00%, 10/01/25 (c)		151,265
				1,392,673
Montana: 0.1%
	220,000	Montana Facility Finance Authority, Kalispell Regional Medical Center, Series B (RB) 4.13%, 07/01/28 (c)		231,735
Nebraska: 0.8%
	475,000	Central Plains Energy Project, Gas Project Crossover, Series A (RB) 5.00%, 09/01/37		633,769
	505,000	Nebraska Public Power District, Series A-2 (RB) 5.00%, 01/01/22 (c)		539,754
	480,000	Sarpy County Hospital Authority No. 1 (RB) 3.00%, 05/15/26 (c)		482,894
				1,656,417
Nevada: 0.8%
	390,000	City of Carson, Tahoe Regional Healthcare Project (RB) 5.00%, 09/01/27 (c)		454,225
	285,000	Clark County Limited Tax, Series A (GO) 5.00%, 06/01/28 (c)		344,083
	250,000	County of Washoe, Nevada Highway, Fuel Tax (RB) 5.00%, 02/01/29 (c)		305,172
	200,000	Las Vegas Convention and Visitors Authority, Series C (RB) 4.00%, 07/01/26 (c)		214,852
	100,000	Las Vegas Redevelopment Agency (TA) 5.00%, 06/15/26 (c)		113,065
	135,000	Las Vegas Valley Water District, Series A (GO) 4.00%, 02/01/27 (c)		149,693
				1,581,090

Principal Amount			Value
New Hampshire: 0.3%
$	265,000	New Hampshire Municipal Bond Bank, Series B (RB) 4.00%, 08/15/27 (c)	$	296,442
	200,000	New Hampshire Municipal Bond Bank, Series D (RB) 4.00%, 08/15/26 (c)		222,102
				518,544
New Jersey: 3.1%
		Atlantic County Improvement Authority, Series A (RB) (AGM)
	140,000	3.25%, 07/01/26 (c)		144,276
	165,000	4.00%, 07/01/26 (c)		177,773
	180,000	Board of Education of the Toms River Regional School District (GO) 3.00%, 07/15/26 (c)		184,390
	165,000	New Jersey Educational Facilities Authority, Princeton University, Series I (RB) 4.00%, 07/01/27 (c)		191,648
	320,000	New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB) 5.00%, 04/01/28 (c)		365,808
		New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group Issue, Series A (RB)
	130,000	5.00%, 07/01/24 (c)		148,543
	55,000	5.00%, 07/01/26 (c)		64,805
	235,000	New Jersey Transportation Trust Fund Authority, Series A (RB) 5.00%, 12/15/28 (c)		272,856
		New Jersey Transportation Trust Fund Authority, Series AA (RB)
	910,000	4.50%, 12/15/28 (c)		991,054
	485,000	4.75%, 06/15/25 (c)		528,102
	100,000	5.00%, 06/15/24 (c)		109,080
	190,000	5.00%, 06/15/25 (c)		210,526
	380,000	New Jersey Turnpike Authority, Series A (RB) 4.00%, 01/01/29 (c)		424,259
	100,000	New Jersey Turnpike Authority, Series B (RB) 5.00%, 01/01/28 (c)		121,084
	215,000	New Jersey Turnpike Authority, Series E (RB) 5.00%, 01/01/25 (c)		245,526
	210,000	New Jersey Turnpike Authority, Series G (RB) 4.00%, 01/01/28 (c)		233,722
		Rutgers, State University of New Jersey, Series M (RB)
	290,000	3.13%, 05/01/21 (c)		292,854
	125,000	3.13%, 05/01/21 (c)		126,114
		Tobacco Settlement Financing Corp., Series A (RB)
	205,000	5.00%, 06/01/28 (c)		233,630
	405,000	5.00%, 06/01/28 (c)		479,945

Principal
Amount			Value
New Jersey: (continued)
$	500,000	Tobacco Settlement Financing Corp., Series B (RB) 5.00%, 06/01/28 (c)	$	551,235
				6,097,230
New Mexico: 0.1%
	250,000	New Mexico Mortgage Finance Authority, Series C (RB) 3.60%, 07/01/28 (c)		262,643
New York: 16.0%
	1,000,000	Battery Park City Authority, Series A (RB) 4.00%, 11/01/29 (c)		1,153,950
	110,000	Brooklyn Arena Local Development Corp., Series A (RB) (AGM) 3.00%, 01/15/27 (c)		109,883
		Build NYC Resource Corp., New York Law School Project (RB)
	240,000	4.00%, 01/01/26 (c)		249,406
	500,000	5.00%, 01/01/26 (c)		558,075
	1,000,000	City of New York, Series A-1 (GO) (SBG) 3.00%, 08/01/29 (c)		1,009,040
	200,000	City of New York, Series B-1 (GO) 5.00%, 10/01/27 (c)		242,606
	100,000	City of New York, Series D-1 (GO) 5.00%, 12/01/28 (c)		123,628
	125,000	County of Nassau, Series C (GO) 5.00%, 04/01/26 (c)		145,120
	255,000	Dutchess County Local Development Corp., Health Quest System, Inc., Series B (RB) 5.00%, 07/01/26 (c)		295,558
	115,000	Dutchess County Local Development Corp., Marist College Project, Series A (RB) 5.00%, 07/01/25 (c)		132,165
		Hudson Yards Infrastructure Corp., Series A (RB)
	500,000	4.00%, 02/15/27 (c)		552,500
	1,160,000	5.00%, 02/15/27 (c)		1,386,652
	290,000	Jefferson County Civic Facility Development Corp., Samaritan Medical Center Project, Series A (RB) 4.00%, 11/01/27 (c)		302,937
	300,000	Long Island Power Authority (RB) 5.00%, 09/01/27 (c)		356,955
		Metropolitan Transportation Authority, Series A (RB)
	300,000	5.00%, 05/15/25 (c)		341,541
	715,000	5.00%, 11/15/28 (c)		863,827
	285,000	Metropolitan Transportation Authority, Series A-1 (RB) 5.00%, 05/15/26 (c)		334,530
		Metropolitan Transportation Authority, Series B (RB)
	465,000	4.00%, 11/15/26 (c)		515,894
	155,000	5.25%, 05/15/25 (c)		179,377
	1,000,000	Metropolitan Transportation Authority, Series C (RB) (AGM) 4.00%, 11/15/29 (c)		1,123,110

Principal Amount			Value
New York: (continued)
		Metropolitan Transportation Authority, Series C-1 (RB)
$	225,000	5.00%, 11/15/26 (c)	$	264,832
	370,000	5.25%, 11/15/26 (c)		440,400
	250,000	Metropolitan Transportation Authority, Series C-2 (RB) 0.00%, 11/15/40 ^		134,088
	250,000	Metropolitan Transportation Authority, Series D (RB) 4.00%, 05/15/28 (c)		276,223
	250,000	Metropolitan Transportation Authority, Series D-1 (RB) 5.25%, 11/15/24 (c)		288,827
		MTA Hudson Rail Yards Trust, Series A (RB)
	270,000	5.00%, 11/21/19 (c)		270,448
	145,000	5.00%, 11/15/23 (c)		161,033
	275,000	New York City Housing Development Corp., Multi-Family Housing, Series D (RB) 3.65%, 02/01/25 (c)		286,649
		New York City Housing Development Corp., Sustainable Neighborhood Bonds, Series G-1 (RB)
	425,000	3.45%, 11/01/25 (c)		445,255
	250,000	3.75%, 11/01/25 (c)		261,013
	375,000	New York City Municipal Water Finance Authority, Series BB-2 (RB) 5.00%, 06/15/25 (c)		435,757
	190,000	New York City Municipal Water Finance Authority, Series CC-1 (RB) 4.00%, 12/15/26 (c)		211,654
	175,000	New York City Municipal Water Finance Authority, Water and Sewer System, Series EE (RB) 4.00%, 06/15/27 (c)		195,552
	205,000	New York City Municipal Water Finance Authority, Water and Sewer System, Series FF (RB) 5.00%, 06/15/25 (c)		240,008
	235,000	New York City Transitional Finance Authority, Building Aid Revenue, Series S-1 (RB) (SAW) 4.00%, 01/15/26 (c)		257,043
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-1 (RB)
	315,000	4.00%, 05/01/26 (c)		347,577
	250,000	5.00%, 08/01/25 (c)		293,405
	260,000	5.00%, 08/01/28 (c)		317,299
	1,000,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-2 (RB) 5.00%, 05/01/29 (c)		1,251,070
	500,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series A-3 (RB) 5.00%, 08/01/27 (c)		602,105

Principal
Amount			Value
New York: (continued)
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series B-1 (RB)
$	400,000	4.00%, 08/01/27 (c)	$	443,976
	500,000	5.00%, 08/01/24 (c)		573,795
	250,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C-1 (RB) 4.00%, 05/01/29 (c)		285,852
	285,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series F-1 (RB) 5.00%, 05/01/27 (c)		339,817
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series F-3 (RB)
	175,000	3.00%, 02/01/26 (c)		179,366
	245,000	3.00%, 02/01/26 (c)		251,948
	200,000	New York City Water and Sewer System, Series AA (RB) 5.00%, 12/15/29 (c)		251,956
	500,000	New York City Water and Sewer System, Series CC-1 (RB) 5.00%, 12/15/26 (c)		604,665
	300,000	New York City Water and Sewer System, Series EE (RB) 5.00%, 06/15/29 (c)		374,460
	270,000	New York Convention Center Development Corp. (RB) 5.00%, 11/15/25 (c)		318,079
	230,000	New York Convention Center Development Corp., Series A (RB) 0.00%, 11/15/47 ^		101,699
	285,000	New York State Dormitory Authority, Icahn School of Medicine at Mount Sinai, Series A (RB) 5.00%, 03/15/29 (c)		350,348
		New York State Dormitory Authority, Memorial Sloan-Kettering Cancer Center, Series 1 (RB)
	205,000	4.00%, 07/01/27 (c)		233,532
	300,000	4.00%, 07/01/29 (c)		347,361
		New York State Dormitory Authority, New York University, Series A (RB)
	160,000	2.13%, 07/01/21 (c)		160,102
	375,000	4.00%, 07/01/26 (c)		418,057
	200,000	4.00%, 07/01/26 (c)		221,988
	600,000	5.00%, 07/01/28 (c)		749,574
	235,000	5.00%, 07/01/28 (c)		292,685
	390,000	5.00%, 07/01/28 (c)		484,255
	250,000	New York State Dormitory Authority, State Personal Income Tax, Series A (RB) 5.00%, 08/15/26 (c)		295,202
		New York State Dormitory Authority, State Sales Tax, Series A (RB)
	250,000	4.00%, 03/15/27 (c)		276,920
	800,000	4.00%, 03/15/27 (c)		884,256
	155,000	5.00%, 03/15/24 (c)		176,334

Principal
Amount			Value
New York: (continued)
$	150,000	5.00%, 03/15/27 (c)	$	178,077
	420,000	New York State Dormitory Authority, The New School, Series A (RB) 5.00%, 01/01/27 (c)		489,901
	225,000	New York State Housing Finance Agency, Series D (RB) 3.70%, 05/01/28 (c)		238,997
	195,000	New York State Housing Finance Agency, Series M (RB) 3.75%, 11/01/26 (c)		205,269
		New York State Urban Development Corp., State Personal Income, Series A (RB)
	115,000	5.00%, 09/15/25 (c)		135,331
	500,000	5.00%, 09/15/28 (c)		611,815
	450,000	Port Authority of New York and New Jersey, Series 194 (RB) 5.00%, 10/15/25 (c)		528,813
	485,000	Port Authority of New York and New Jersey, Series 212 (RB) 4.00%, 09/01/29 (c)		562,052
	700,000	Port Authority of New York and New Jersey, Series 213 (RB) 5.00%, 09/01/29 (c)		884,079
	190,000	State of New York Mortgage Agency, Series 203 (RB) 3.50%, 04/01/26 (c)		198,058
	300,000	Triborough Bridge and Tunnel Authority, Series A (RB) 5.00%, 05/15/26 (c)		354,711
	130,000	Triborough Bridge and Tunnel Authority, Series B-3 (RB) 5.00%, 11/15/25 (c)		153,997
		Utility Debt Securitization Authority (RB)
	160,000	5.00%, 12/15/25 (c)		191,571
	550,000	5.00%, 12/15/27 (c)		676,945
	370,000	Westchester County Local Development Corp., Medical Center (RB) 3.75%, 11/01/25 (c)		384,367
				31,367,202
North Carolina: 0.8%
	100,000	North Carolina Agricultural and Technical State University, Series A (RB) 5.00%, 10/01/25 (c)		115,791
	265,000	North Carolina Capital Facilities Finance Agency, Duke University Project, Series B (RB) 5.00%, 10/01/25 (c)		308,259
		North Carolina Housing Finance Agency Home Ownership, Series 39-B (RB)
	145,000	3.85%, 07/01/27 (c)		156,797
	340,000	4.00%, 07/01/27 (c)		364,674
	350,000	North Carolina Medical Care Commission, Duke University Health System, Series D (RB) 4.00%, 06/01/26 (c)		385,234

Principal
Amount			Value
North Carolina: (continued)
$	220,000	North Carolina Medical Care Commission, Novant Health Obligated Group, Series A (RB) 3.13%, 11/01/29 (c)	$	223,260
				1,554,015
Ohio: 2.7%
		American Municipal Power, Inc., Series A (RB)
	190,000	4.00%, 02/15/26 (c)		204,147
	220,000	5.00%, 02/15/26 (c)		253,669
	240,000	City of Chillicothe, Hospital Facilities, Adena Health System Obligated Group Project (RB) 4.00%, 12/01/27 (c)		259,764
	100,000	City of Cleveland, Airport System Revenue, Series B (RB) 5.00%, 07/01/28 (c)		119,398
	100,000	Clermont County Port Authority, West Clermont Local School District Project (RB) 4.25%, 12/01/25 (c)		107,218
	375,000	Columbus City School District (GO) 5.00%, 12/01/26 (c)		447,484
	150,000	County of Allen, Mercy Health, Series A (RB) 5.00%, 11/01/24 (c)		168,821
	260,000	County of Franklin (RB) 5.00%, 06/01/27 (c)		306,017
	1,000,000	County of Ross, Adena Health System Obligated Group Project (RB) 5.00%, 12/01/29 (c)		1,203,300
	150,000	Euclid City School District, Series A (GO) (SD CRED PROG) 4.00%, 01/15/26 (c)		160,748
	250,000	Hamilton County, Life Enriching Communities Project (RB) 5.00%, 01/01/26 (c)		278,213
	190,000	North Royalton City School District (GO) 5.00%, 06/01/25 (c)		219,347
		Northeast Ohio Regional Sewer District (RB)
	350,000	3.00%, 11/15/29 (c)		362,848
	565,000	5.00%, 11/15/24 (c)		647,479
	205,000	Ohio Housing Finance Agency, Series D (RB) 3.63%, 09/01/26 (c)		213,733
	250,000	State of Ohio, Higher Education, Series A (GO) 5.00%, 02/01/26 (c)		295,335
				5,247,521
Oklahoma: 0.4%
	250,000	Edmond Public Works Authority (RB) 4.00%, 07/01/27 (c)		274,148
	350,000	Oklahoma Turnpike Authority, Series A (RB) 4.00%, 01/01/26 (c)		382,543
	100,000	University of Oklahoma, Series C (RB) 4.00%, 07/01/25 (c)		108,735
				765,426

Principal
Amount			Value
Oregon: 1.2%
$	190,000	Lake Oswego School District No. 7J (GO) (SBG) 4.00%, 06/01/27 (c)	$	210,974
	295,000	Multnomah County School District No. 1J, Series B (GO) (SBG) 3.25%, 06/15/27 (c)		308,369
	175,000	North Clackamas School District No. 12, Series A (GO) (SBG) 0.00%, 06/15/27 (c) ^		85,174
	170,000	Oregon Health and Science University, Series B (RB) 4.00%, 07/01/26 (c)		184,889
	240,000	Salem Hospital Facility Authority, Series A (RB) 4.00%, 05/15/26 (c)		258,557
	510,000	Sherwood School District No. 88J, Series A (GO) (SBG) 0.00%, 06/15/28 (c) ^		170,422
		State of Oregon, Higher Education, Series G (GO)
	500,000	3.00%, 08/01/29 (c)		522,780
	500,000	3.00%, 08/01/29 (c)		524,455
				2,265,620
Pennsylvania: 5.5%
	685,000	Allegheny County Sanitary Authority, Sewer Revenue (RB) 5.00%, 06/01/28 (c)		827,994
	200,000	Berks County Industrial Development Authority (RB) 5.00%, 11/01/27 (c)		227,132
	180,000	Chester County Health and Education Facilities Authority, Main Line Health System, Series A (RB) 4.00%, 10/01/27 (c)		196,538
	505,000	City of Philadelphia, Series B (GO) 5.00%, 08/01/29 (c)		626,069
	1,170,000	Commonwealth of Pennsylvania, Series A (CP) (FHA) 4.00%, 01/30/28 (c)		1,288,860
	500,000	County of Allegheny, Series C-77 (GO) 5.00%, 11/01/28 (c)		610,305
		Delaware County Authority, Commonwealth of Pennsylvania, Series A (RB)
	140,000	3.75%, 04/01/27 (c)		149,463
	170,000	5.00%, 04/01/27 (c)		202,414
	230,000	Geisinger Authority, Health System, Series A-2 (RB) 4.00%, 02/15/27 (c)		252,213
	610,000	General Authority of Southcentral Pennsylvania, WellSpan Health Obligated Group, Series A (RB) 4.00%, 06/01/29 (c)		680,723
	145,000	Montgomery County Higher Education and Health Authority, Presbytery Homes, Inc. Project (RB) 5.00%, 12/01/24 (c)		159,153
	110,000	Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series A (RB) 5.00%, 09/01/28 (c)		131,968

Principal
Amount			Value
Pennsylvania: (continued)
$	150,000	Montgomery County Industrial Development Authority, ACTS Retirement-Life Communities, Inc. Obligated Group (RB) 5.00%, 11/15/26 (c)	$	174,726
	115,000	Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System (RB) 4.00%, 08/15/25 (c)		123,246
		Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 123 B (RB)
	195,000	3.20%, 10/01/25 (c)		198,851
	250,000	3.90%, 10/01/26 (c)		267,943
	455,000	4.00%, 10/01/26 (c)		485,917
	260,000	Pennsylvania Housing Finance Agency, Single Family Mortgage, Series 125 B (RB) 3.65%, 04/01/27 (c)		271,908
	250,000	Pennsylvania Turnpike Commission (RB) 4.00%, 12/01/27 (c)		276,463
	155,000	Pennsylvania Turnpike Commission, Motor License, Second Series (RB) 5.00%, 12/01/27 (c)		184,579
	650,000	Pennsylvania Turnpike Commission, Oil Franchise Tax Senior, Series A (RB) (AGM) 5.00%, 12/01/28 (c)		783,016
		Pennsylvania Turnpike Commission, Series A (RB) (AGM)
	125,000	4.00%, 12/01/26 (c)		138,035
	500,000	5.00%, 12/01/29 (c)		604,235
	150,000	Pennsylvania Turnpike Commission, Series A-1 (RB) 5.00%, 12/01/27 (c)		178,674
		Pennsylvania Turnpike Commission, Series B (RB)
	230,000	5.00%, 12/01/25 (c)		265,602
	100,000	5.00%, 12/01/25 (c)		116,912
	125,000	5.00%, 12/01/25 (c)		143,506
	205,000	5.00%, 12/01/25 (c)		238,032
	100,000	Philadelphia Authority for Industrial Development, Temple University, First Series (RB) 5.00%, 04/01/25 (c)		113,796
	305,000	Philadelphia Gas Works Co., Fifteenth Series (RB) 5.00%, 08/01/27 (c)		357,399
	100,000	School District of Philadelphia, Series F (GO) (SAW) 5.00%, 09/01/26 (c)		117,054
	220,000	State College Area School District (GO) (SAW) 5.00%, 03/15/25 (c)		253,977
	145,000	West View Municipal Authority Water Revenue (RB) 4.00%, 11/15/24 (c)		155,405
				10,802,108

Principal
Amount			Value
Rhode Island: 0.2%
$	310,000	Rhode Island Health and Educational Building Corp., Brown University Issue, Series A (RB) 4.00%, 09/01/27 (c)	$	347,361
South Carolina: 1.0%
	100,000	Brookland-Cayce School District No. 2, Lexington County (GO) 3.00%, 03/01/26 (c)		102,144
	195,000	Greenville Health System, Series B (RB) 5.00%, 05/01/24 (c)		217,392
	100,000	Lexington County School District No. 2 (GO) 3.00%, 03/01/26 (c)		102,334
		South Carolina Public Service Authority, Series A (RB)
	125,000	4.00%, 06/01/25 (c)		133,233
	205,000	5.00%, 06/01/25 (c)		232,156
		South Carolina Public Service Authority, Series C (RB)
	120,000	4.00%, 12/01/24 (c)		127,241
	200,000	5.00%, 12/01/24 (c)		225,440
	185,000	South Carolina Public Service Authority, Series E (RB) 5.25%, 12/01/25 (c)		213,581
	665,000	South Carolina Transportation Infrastructure Bank, Series A (RB) 3.00%, 10/01/25 (c)		681,977
				2,035,498
Tennessee: 1.3%
		Chattanooga-Hamilton County, Tennessee Hospital Authority, Series A (RB)
	250,000	5.00%, 10/01/24 (c)		277,620
	375,000	5.00%, 10/01/24 (c)		414,067
	125,000	Metropolitan Nashville Airport Authority, Series A (RB) 5.00%, 07/01/25 (c)		143,156
		Sullivan County (GO)
	250,000	3.75%, 05/01/26 (c)		262,045
	230,000	4.00%, 05/01/26 (c)		250,008
	500,000	Tennessee Housing Development Agency, Series 3 (RB) 2.95%, 01/01/29 (c)		495,335
	585,000	Tennessee State School Bond Authority, Higher Education Facilities Second Program, Series B (RB) 5.00%, 11/01/25 (c)		687,433
				2,529,664
Texas: 10.2%
	190,000	Aldine Independent School District (GO) 3.13%, 02/15/25 (c)		194,739
	350,000	Alvin Independent School District (GO) 3.38%, 02/15/28 (c)		370,877
	150,000	Board of Regents of the Houston University System, Series C (RB) 4.00%, 02/15/26 (c)		165,492
	650,000	Board of Regents of the University of Texas System, Series E (RB) 4.00%, 08/15/27 (c)		727,018

Principal Amount			Value
Texas: (continued)
$	250,000	Central Texas Regional Mobility Authority, Senior Lien (RB) 5.00%, 01/01/26 (c)	$	287,210
	250,000	Central Texas Regional Mobility Authority, Senior Lien, Series A (RB) 5.00%, 07/01/25 (c)		284,673
	175,000	Central Texas Turnpike System, Series B (RB) 5.00%, 08/15/24 (c)		199,631
	145,000	City of Arlington, Senior Lien Special Tax, Series A (AGM) (ST) 4.00%, 02/15/28 (c)		160,282
	280,000	City of Austin, Airport System, Series A (RB) 5.00%, 11/15/26 (c)		331,080
	260,000	City of Corpus Christi, Utility System, Series C (RB) 5.00%, 07/15/25 (c)		297,970
	190,000	City of Dallas (GO) (AGM) 3.25%, 02/15/27 (c)		198,803
	280,000	City of Denton (GO) 4.00%, 02/15/27 (c)		305,866
	285,000	City of El Paso (GO) 4.00%, 08/15/26 (c)		311,616
	440,000	City of Houston, Combined Utility System, First Lien, Series B (RB) 4.00%, 11/15/26 (c)		491,401
	220,000	City of Houston, Combined Utility System, First Lien, Series D (RB) 5.00%, 11/15/28 (c)		270,323
	265,000	Cleburne Independent School District (GO) 5.00%, 02/15/26 (c)		310,288
	250,000	College of the Mainland (GO) 3.75%, 08/15/28 (c)		269,590
	150,000	Collin County Community College District (GO) 3.50%, 08/15/22 (c)		153,575
	250,000	Coppell Independent School District (GO) 4.00%, 08/15/28 (c)		279,300
		County of Bexar, Combined Venue Tax (RB) (AGM)
	55,000	3.75%, 08/15/24 (c)		57,626
	220,000	4.00%, 06/15/26 (c)		243,487
	195,000	County of Harris, Cultural Education Facilities Finance Corp., Memorial Hermann Health System, Series A (RB) 3.13%, 07/01/26 (c)		201,605
	350,000	County of Harris, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 3.00%, 10/01/29 (c)		358,512
	185,000	County of Harris, Cultural Education Facilities Finance Corp., Thermal Utility Project (RB) 4.00%, 11/15/27 (c)		207,687
	400,000	County of Travis, Series A (GO) 5.00%, 03/01/29 (c)		502,112

Principal Amount			Value
Texas: (continued)
		Dallas Area Rapid Transit, Senior Lien, Series A (RB)
$	220,000	5.00%, 12/01/25 (c)	$	256,357
	175,000	5.00%, 12/01/25 (c)		205,466
		Frisco Independent School District (GO)
	200,000	4.00%, 02/15/25 (c)		216,880
	1,020,000	4.00%, 02/15/27 (c)		1,130,476
	250,000	Galena Park Independent School District (GO) 3.00%, 02/15/29 (c)		260,038
	640,000	Grand Parkway Transportation Corp., Series A (RB) 5.00%, 04/01/28 (c)		765,664
		Harris County, Toll Road Senior Lien, Series A (RB)
	150,000	4.00%, 02/15/28 (c)		170,516
	340,000	5.00%, 08/15/26 (c)		399,684
	215,000	Keller Independent School District (GO) 4.00%, 08/15/25 (c)		234,232
	200,000	Klein Independent School District (GO) 4.00%, 08/01/26 (c)		218,472
	305,000	Klein Independent School District, Series A (GO) 4.00%, 08/01/25 (c)		330,126
		Leander Independent School District, Series A (GO)
	125,000	0.00%, 08/16/26 (c) ^		49,738
	1,460,000	0.00%, 08/16/26 (c) ^		633,231
	300,000	2.75%, 12/02/19 (c)		300,102
	100,000	Leander Independent School District, Series D (GO) 0.00%, 08/15/24 (c) ^		46,410
		New Hope Cultural Education Facilities Finance Corp., Cardinal Bay, Inc., Series A-1 (RB)
	300,000	5.00%, 07/01/26 (c)		328,560
	520,000	5.00%, 07/01/26 (c)		572,759
	250,000	North Fort Bend Water Authority, Series A (RB) 4.00%, 12/15/29 (c)		283,638
	290,000	North Texas Tollway Authority, First Tier, Series A (RB) 4.00%, 01/01/26 (c)		317,031
	345,000	North Texas Tollway Authority, First Tier, Series B (RB) 5.00%, 01/01/23 (c)		379,452
	250,000	San Antonio Independent School District (GO) 4.00%, 08/15/28 (c)		286,282
	145,000	San Jacinto College District, Series B (GO) 3.38%, 02/15/26 (c)		151,505
	325,000	State of Texas, Series D (GO) 4.00%, 05/15/25 (c)		354,442
	450,000	State of Texas, Transportation Commission, Mobility Fund, Series A (GO) 5.00%, 10/01/24 (c)		519,682

Principal Amount			Value
Texas: (continued)
$	115,000	Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott and White Health Project, Series A (RB) 4.00%, 05/15/26 (c)	$	123,896
	250,000	Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series B (RB) 5.00%, 01/01/29 (c)		300,300
	220,000	Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources System, Series A (RB) 4.00%, 08/15/26 (c)		237,908
		Texas Transportation Commission, Central Texas Turnpike System, Series C (RB)
	150,000	5.00%, 08/15/24 (c)		167,627
	290,000	5.00%, 08/15/24 (c)		326,436
		Texas Water Development Board (RB)
	400,000	4.00%, 10/15/26 (c)		449,136
	485,000	5.00%, 10/15/26 (c)		573,876
		Texas Water Development Board, Series A (RB)
	325,000	4.00%, 04/15/28 (c)		362,459
	265,000	5.00%, 10/15/25 (c)		310,964
	840,000	5.00%, 04/15/28 (c)		1,023,128
	225,000	Texas Water Development Board, Series B (RB) 5.00%, 10/15/28 (c)		274,592
	250,000	West Harris County Regional Water Authority (RB) 3.00%, 12/15/29 (c)		243,033
				19,984,861
Utah: 0.7%
	360,000	Salt Lake City, International Airport, Series B (RB) 5.00%, 07/01/28 (c)		436,057
		Utah County, IHC Health Services, Inc., Series B (RB)
	210,000	3.00%, 05/15/26 (c)		212,617
	350,000	4.00%, 05/15/24 (c)		371,738
	220,000	Utah Transit Authority, Subordinated Sales Tax, Series A (RB) 5.00%, 06/15/25 (c)		257,213
				1,277,625
Vermont: 0.1%
	220,000	Vermont Educational and Health Buildings Financing Agency, Series B (RB) 5.00%, 06/01/26 (c)		254,630
Virginia: 0.7%
	260,000	Chesapeake Bay Bridge and Tunnel District, First Tier (RB) (AGM) 5.00%, 07/01/26 (c)		307,778
	250,000	Fairfax County Industrial Development Authority, Inova Health System Project, Series B (RB) 4.00%, 05/15/28 (c)		276,008

Principal Amount			Value
Virginia: (continued)
$	250,000	Norfolk Economic Development Authority, Series B (RB) 4.00%, 11/01/28 (c)	$	277,105
		Virginia Commonwealth Transportation Board (RB)
	105,000	3.00%, 05/15/26 (c)		107,850
	150,000	3.25%, 05/15/28 (c)		157,697
	195,000	Virginia Small Business Financing Authority, Hampton University (RB) 4.00%, 10/01/24 (c)		205,602
				1,332,040
Washington: 2.4%
		Central Puget Sound Regional Transit Authority, Series S-1 (RB)
	210,000	5.00%, 11/01/25 (c)		245,318
	245,000	5.00%, 11/01/25 (c)		290,835
	450,000	City of Seattle, Municipal Light and Power Improvement, Series A (RB) 4.00%, 01/01/28 (c)		497,412
	230,000	City of Seattle, Municipal Light and Power Improvement, Series C (RB) 4.00%, 09/01/27 (c)		257,439
	590,000	County of King, Housing Authority, Ballinger Commons Apartments (RB) 3.50%, 05/01/28 (c)		632,899
	360,000	Port of Seattle (GO) 5.00%, 01/01/27 (c)		433,508
		State of Washington, Various Purpose, Series A (GO)
	340,000	5.00%, 08/01/26 (c)		404,661
	200,000	5.00%, 08/01/27 (c)		243,906
	195,000	Tacoma School District No. 10 (GO) (SBG) 5.25%, 12/01/24 (c)		228,195
	475,000	University of Washington, Series A (RB) 4.00%, 12/01/26 (c)		526,870
	100,000	Washington Health Care Facilities Authority, CommonSpirit Health, Series A-2 (RB) 5.00%, 08/01/29 (c)		119,857
	435,000	Washington Health Care Facilities Authority, MultiCare Health System, Series A (RB) 5.00%, 08/15/25 (c)		500,681
	205,000	Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB) 4.00%, 08/15/27 (c)		214,713
	125,000	Washington State Convention Center Public Facilities District (RB) 4.00%, 07/01/28 (c)		134,968
				4,731,262
West Virginia: 0.7%
		State of West Virginia, Series B (GO)
	310,000	4.00%, 06/01/28 (c)		344,091
	100,000	5.00%, 06/01/28 (c)		122,651

Principal Amount			Value
West Virginia: (continued)
$	505,000	West Virginia Hospital Finance Authority, Cabell Huntington Hospital Obligated Group, Series A (RB) 4.00%, 01/01/29 (c)	$	543,834
		West Virginia Hospital Finance Authority, West Virginia University Health System Obligated Group, Series A (RB)
	160,000	3.25%, 06/01/26 (c)		163,544
	200,000	4.00%, 06/01/28 (c)		215,986
				1,390,106
Wisconsin: 0.9%
	250,000	Village of Mount Pleasant, Series A (TA) 5.00%, 04/01/28 (c)		296,532
		Wisconsin Health and Educational Facilities Authority, Ascension Senior Credit Group, Series A (RB)
	275,000	4.00%, 05/15/26 (c)		296,997
	410,000	4.50%, 05/15/26 (c)		464,874
	205,000	Wisconsin Health and Educational Facilities Authority, Froedtert Health, Inc., Series A (RB) 4.00%, 04/01/27 (c)		224,916

Principal Amount			Value
Wisconsin: (continued)
$	225,000	Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series A (RB) 3.50%, 02/15/26 (c)	$	229,538
		Wisconsin Health and Educational Facilities Authority, Marshfield Clinic Health System, Inc., Series C (RB)
	115,000	4.00%, 02/15/27 (c)		120,581
	105,000	4.00%, 02/15/27 (c)		111,096
				1,744,534
Wyoming: 0.1%
	90,000	Wyoming Community Development Authority Housing, Series 3 (RB) 3.70%, 06/01/24 (c)		93,464
	160,000	Wyoming Municipal Power Agency, Inc., Series A (RB) 5.00%, 01/01/27 (c)		185,744
				279,208
Total Municipal Bonds: 98.1% (Cost: $184,332,039)				192,388,903
Other assets less liabilities: 1.9%				3,694,437
NET ASSETS: 100.0%			$	196,083,340

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
MUNICIPAL BONDS: 98.7%
Alabama: 1.7%
$	250,000	Alabama Federal Aid Highway Finance Authority, Series A (RB) 5.00%, 09/01/22	$	276,835
	125,000	Alabama Federal Aid Highway Finance Authority, Series B (RB) 5.00%, 09/01/23		142,979
		Alabama Public School and College Authority, Series B (RB)
	285,000	5.00%, 01/01/21		297,754
	25,000	5.00%, 01/01/23		27,931
		Black Belt Energy Gas District, Series A (RB) (SAW)
	400,000	4.00%, 09/01/23 (c) (p)		430,168
	860,000	5.00%, 12/01/23		967,629
	375,000	Jefferson County (RB) 5.00%, 09/15/22		413,216
	250,000	Southeast Alabama Gas Supply District, Series A (RB) 4.00%, 03/01/24 (c) (p)		273,152
	450,000	UAB Medicine Finance Authority, Series B (RB) 5.00%, 09/01/23		511,641
				3,341,305
Alaska: 0.5%
	750,000	Alaska Municipal Bond Bank Authority, Series 3 (RB) 4.00%, 12/01/21		791,160
	125,000	Alaska Railroad Corp., Series B (RB) 5.00%, 08/01/23		140,789
				931,949
Arizona: 2.0%
	15,000	Arizona Health Facilities, Banner Health, Series A (RB) 5.00%, 01/01/23		16,724
	95,000	Arizona School Facilities Board, Series A (CP) 5.00%, 09/01/20		98,017
	225,000	Board of Regents of Arizona, University Projects, Series A (CP) 5.00%, 06/01/22		246,544
	250,000	City of Chandler (GO) 4.00%, 07/01/21		261,838
	125,000	City of Phoenix Civic Improvement Corp., Junior Lien Wastewater System (RB) 5.00%, 07/01/23		142,031
	870,000	City of Phoenix Civic Improvement Corp., Junior Lien Wastewater System, Series B (RB) 5.00%, 07/01/23		990,217
	200,000	City of Phoenix Civic Improvement Corp., Senior Lien Airport Revenue, Series B (RB) 5.00%, 07/01/24		234,060
	250,000	City of Phoenix Civic Improvement Corp., Series D (RB) 5.00%, 07/01/23		283,485

Principal Amount			Value
Arizona: (continued)
$	250,000	City of Tucson, Water System Revenue (RB) 5.00%, 07/01/21	$	265,848
	50,000	Maricopa County High School District No. 210 (GO) 5.00%, 07/01/22		55,006
	250,000	Maricopa County Industrial Development Authority, Series A (RB) 5.00%, 01/01/21		260,833
		Pima County (GO)
	15,000	4.00%, 07/01/22		16,110
	310,000	4.00%, 07/01/23		341,170
		State of Arizona (CP)
	105,000	5.00%, 10/01/21		112,587
	500,000	5.00%, 09/01/22		552,640
				3,877,110
California: 13.8%
	100,000	ABAG Finance Authority for Nonprofit Corporations, Series A (RB) 5.00%, 08/01/21		107,032
	250,000	Anaheim Housing and Public Improvements Authority, Series B (RB) 5.00%, 04/01/23 (c)		283,252
	475,000	Bay Area Toll Authority, Series G (RB) 2.00%, 10/01/23 (c) (p)		488,419
	500,000	Bay Area Toll Authority, Toll Bridge Revenue, Series E (RB) 2.00%, 10/01/20 (c) (p)		503,735
	500,000	California Health Facilities Financing Authority, St. Joseph Health System, Series C (RB) 5.00%, 10/18/22 (p)		555,445
	100,000	California Infrastructure and Economic Development Bank, Clean Water State (RB) 5.00%, 10/01/24		119,142
	325,000	California Municipal Finance Authority, Community Medical Centers, Series A (RB) 5.00%, 02/01/22		352,433
	360,000	California State Department of Water Resources, Central Valley Project (RB) 5.00%, 12/01/21		389,819
	720,000	California State Department of Water Resources, Power Supply Revenue, Series O (RB) 5.00%, 05/01/21		762,977
	1,215,000	California State Public Works Board, Series D (RB) 5.00%, 09/01/23		1,390,239
	450,000	California State Public Works Board, Various Capital Projects, Series B (RB) 5.00%, 10/01/22		500,089
	320,000	California State University, Series A (RB) 5.00%, 11/01/21		345,600
	70,000	California State University, Series B-2 (RB) 4.00%, 05/01/21 (c) (p)		72,907

Principal Amount			Value
California: (continued)
		California State, Various Purpose (GO)
$	600,000	5.00%, 09/01/23	$	687,750
	250,000	5.00%, 10/01/23		287,330
	100,000	City and County of San Francisco, Series B (CP) 5.00%, 04/01/25		120,607
	250,000	City and County of San Francisco, Series R-1 (GO) 5.00%, 06/15/21		266,175
	275,000	City of Bakersfield, Wastewater Revenue, Series A (RB) 5.00%, 09/15/21		295,738
	150,000	City of Los Angeles, Department of Airports, Series C (RB) 4.00%, 05/15/20		152,408
	500,000	Contra Costa Transportation Authority Sales Tax, Series A (RB) 5.00%, 03/01/21		526,800
	285,000	Department of Airports of the City of Los Angeles, Series C (RB) 5.00%, 05/15/22		313,338
	275,000	Elk Grove Unified School District (GO) 5.00%, 08/01/21		294,387
	500,000	Golden State Tobacco Securitization Corp., Enhanced Tobacco Settlement, Series A (RB) 5.00%, 06/01/22		548,275
		Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-1 (RB)
	700,000	5.00%, 06/01/21		738,885
	1,000,000	5.00%, 06/01/23		1,115,080
	500,000	Los Angeles Community College District, Series J (GO) 3.00%, 08/01/23		536,740
		Los Angeles Department of Water and Power, Series A (RB)
	35,000	5.00%, 07/01/21		37,350
	250,000	5.00%, 07/01/23		286,287
	115,000	Los Angeles Department of Water and Power, Series B (RB) 5.00%, 07/01/20		118,087
	200,000	Los Angeles Department of Water and Power, Series D (RB) 5.00%, 07/01/22		221,190
		Los Angeles Unified School District, Series A (GO)
	10,000	4.00%, 07/01/21		10,484
	60,000	5.00%, 07/01/21		63,885
	750,000	5.00%, 07/01/24		879,952
	130,000	Los Angeles Unified School District, Series B (GO) 5.00%, 07/01/23		147,913
	140,000	Los Angeles Unified School District, Series C (GO) 5.00%, 07/01/21		149,065
	35,000	Metropolitan Water District of Southern California, Series E (RB) 5.00%, 07/01/21		37,338

Principal Amount			Value
California: (continued)
$	125,000	Municipal Improvement Corp. of Los Angeles, Series A (RB) 5.00%, 11/01/23	$	144,261
	1,000,000	Northern California Energy Authority, Series A (RB) 4.00%, 07/01/24 (p)		1,088,970
		Oakland Unified School District (GO) (AGM)
	515,000	5.00%, 08/01/21		549,268
	430,000	5.00%, 08/01/23		489,194
	350,000	Oakland Unified School District, Series A (GO) 5.00%, 08/01/23		398,181
	100,000	Orange County Sanitation District (RB) 5.00%, 02/01/24		116,818
	930,000	Public Utilities Commission of the City and County of San Francisco, Wastewater Revenue, Series B (RB) 2.13%, 04/01/23 (c) (p)		957,407
	15,000	Public Utilities Commission of the City and County of San Francisco, Water Revenue, Series A (RB) 5.00%, 11/01/22		16,763
	240,000	Regents of the University of California, Medical Center Pooled Revenue, Series L (RB) 5.00%, 05/15/21		254,772
	420,000	Regents of the University of California, Series AO (RB) 5.00%, 05/15/21		445,851
	100,000	Riverside County Transportation Commission, Series A (RB) 5.00%, 06/01/21		106,364
	250,000	Riverside County Transportation Commission, Series B (RB) 5.00%, 06/01/25		304,197
	300,000	Sacramento County, Airport System, Series B (RB) 5.00%, 07/01/23		341,916
	15,000	Sacramento County, Sanitation District Financial Authority, Series A (RB) 5.00%, 12/01/21		16,239
	125,000	Sacramento Municipal Utility District, Series D (RB) 5.00%, 08/15/24		148,149
	25,000	San Diego Public Facilities Financing Authority (RB) 5.00%, 05/15/22		27,499
	100,000	San Francisco Community College District (GO) 5.00%, 06/15/24		117,912
	10,000	San Francisco State Building Authority, Civic Center Complex, Series A (RB) 5.00%, 12/01/21		10,826
	285,000	San Francisco Unified School District, Proposition A (GO) 2.00%, 06/15/22		292,686

Principal Amount			Value
California: (continued)
		State of California, Various Purpose (GO)
$	300,000	4.00%, 11/01/24	$	341,571
	300,000	5.00%, 09/01/21		321,360
	500,000	5.00%, 09/01/21		535,600
	145,000	5.00%, 08/01/22		160,412
	265,000	5.00%, 09/01/22		293,994
	450,000	5.00%, 10/01/22		500,638
	1,000,000	5.00%, 09/01/23		1,146,250
	500,000	5.00%, 09/01/23		573,125
	525,000	5.00%, 11/01/23		605,005
	100,000	5.00%, 03/01/24		116,345
	100,000	5.00%, 10/01/24		118,404
	250,000	5.00%, 11/01/24		296,740
	100,000	5.00%, 03/01/25		119,738
	1,500,000	5.00%, 08/01/25		1,817,385
	300,000	Stockton Unified School District (GO) 5.00%, 08/01/23		341,061
	500,000	University of California, Series AT (RB) 1.40%, 11/15/20 (c) (p)		502,045
				27,323,099
Colorado: 0.6%
	125,000	Boulder Valley School District No. RE-2, Series B (GO) (SAW) 4.00%, 12/01/23		139,033
	250,000	City of Aurora, Water Revenue, First Lien (RB) 5.00%, 08/01/22		275,785
	500,000	Colorado Higher Education, Series A (CP) 5.00%, 11/01/23		573,450
	125,000	Denver City and County School District No. 1 (GO) (SAW) 5.00%, 12/01/20		130,195
				1,118,463
Connecticut: 3.9%
	215,000	City of New Haven, Series A (GO) (AGM) 5.00%, 08/15/24		246,792
	1,000,000	Connecticut State Health and Educational Facilities Authority, Nuvance Health Issue, Series A (RB) 5.00%, 07/01/25		1,187,660
	390,000	State of Connecticut Health and Educational Facilities Authority, Yale University, Series C-2 (RB) 5.00%, 02/01/23 (p)		436,227
		State of Connecticut, Series A (GO)
	280,000	5.00%, 03/15/23		313,020
	265,000	5.00%, 04/15/23		296,996
		State of Connecticut, Series B (GO)
	375,000	4.00%, 05/15/23		407,374
	290,000	5.00%, 05/15/21		306,753
	125,000	State of Connecticut, Series C (GO)
		5.00%, 06/15/24		144,696
		State of Connecticut, Series D (GO)
	115,000	5.00%, 06/15/20		117,692
	300,000	5.00%, 08/15/23		339,567

Principal Amount			Value
Connecticut: (continued)
		State of Connecticut, Series E (GO)
$	175,000	5.00%, 09/01/22	$	192,602
	350,000	5.00%, 10/15/22		386,666
	290,000	State of Connecticut, Series G (GO) 3.00%, 11/01/20		295,246
		State of Connecticut, Special Tax Obligation, Series A (RB)
	305,000	5.00%, 01/01/22		328,933
	325,000	5.00%, 09/01/22		358,069
	300,000	5.00%, 01/01/23		333,984
	375,000	5.00%, 04/15/23		420,277
	300,000	5.00%, 08/01/23		340,002
	100,000	5.00%, 09/01/23		113,618
	175,000	5.00%, 09/01/23		198,832
	250,000	State of Connecticut, Special Tax Obligation, Series B (RB) 5.00%, 08/01/23		283,335
		University of Connecticut, Series A (RB)
	170,000	5.00%, 01/15/22		183,610
	370,000	5.00%, 02/15/24		425,703
				7,657,654
Delaware: 0.4%
	650,000	State of Delaware, Series B (GO) 5.00%, 07/01/23		740,818
District of Columbia: 1.1%
		District of Columbia, Series A (GO)
	1,020,000	5.00%, 06/01/21		1,081,271
	440,000	5.00%, 06/01/22		483,072
	120,000	District of Columbia, Series B (GO) 5.00%, 06/01/25		144,497
	225,000	Washington Metropolitan Area Transit Authority, Series A-1 (RB) 5.00%, 07/01/24		262,982
	100,000	Washington Metropolitan Area Transit Authority, Series B (RB) 5.00%, 07/01/25		120,148
				2,091,970
Florida: 5.2%
		Citizens Property Insurance Corp., Series A-1 (RB)
	300,000	5.00%, 12/01/21 (c)		323,172
	2,000,000	5.00%, 12/01/24 (c)		2,361,300
	265,000	City of Jacksonville, Series B (RB) 5.00%, 10/01/24		311,277
	110,000	County of Miami-Dade, Building Better Communities Program, Series B (GO) 5.00%, 07/01/20		112,768
		County of Miami-Dade, Expressway Authority Toll System, Series B (RB)
	50,000	5.00%, 07/01/20		51,198
	250,000	5.00%, 07/01/21		264,995
	665,000	5.00%, 07/01/22		725,901
		County of Miami-Dade, Water and Sewer System (RB)
	185,000	5.00%, 10/01/20		191,468
	495,000	5.00%, 10/01/23		566,869
	200,000	Hillsborough County (RB) 5.00%, 11/01/21		215,052

Principal Amount			Value
Florida: (continued)
$	710,000	Miami Beach Redevelopment Agency, City Center and Historical Convention Village, Series A (TA) 5.00%, 02/01/24	$	817,253
	85,000	Miami-Dade County, School Board Foundation, Inc., Series A (CP) 5.00%, 05/01/20		86,570
	100,000	Palm Beach County School Board, Series B (CP) 5.00%, 08/01/22		110,257
	270,000	School District of Broward County, Series A (CP) 5.00%, 07/01/22		296,509
	340,000	School District of Broward County, Series C (CP) 5.00%, 07/01/24		397,059
	450,000	State of Florida, Board of Education, Lottery Revenue, Series A (RB) 5.00%, 07/01/23		510,790
	1,150,000	State of Florida, Board of Education, Public Education Capital Outlay, Series A (GO) 5.00%, 06/01/24		1,345,925
	130,000	State of Florida, Board of Education, Public Education Capital Outlay, Series B (GO) 5.00%, 06/01/23		147,520
	125,000	State of Florida, Board of Education, Public Education Capital Outlay, Series C (GO) 5.00%, 06/01/22		137,270
		State of Florida, Board of Education, Public Education Capital Outlay, Series D (GO)
	275,000	5.00%, 06/01/21		291,698
	150,000	5.00%, 06/01/23		170,216
		State of Florida, Board of Education, Public Education Capital Outlay, Series E (GO)
	225,000	5.00%, 06/01/23		255,323
	100,000	5.00%, 06/01/24		117,037
		State of Florida, Department of Management Services, Series A (CP)
	275,000	5.00%, 08/01/22		303,443
	180,000	5.00%, 09/01/23		205,816
				10,316,686
Georgia: 2.9%
	500,000	Burke County Development Authority, Series F (RB) 3.00%, 02/01/23 (p)		513,125
	290,000	Georgia State Road and Tollway Authority, Series B (RB) 5.00%, 06/01/21		307,374
	500,000	Main Street Natural Gas, Inc., Series A (RB) 4.00%, 06/01/23 (c) (p)		540,705
	500,000	Main Street Natural Gas, Inc., Series C (RB) 4.00%, 06/01/23		544,230

Principal Amount			Value
Georgia: (continued)
$	1,000,000	Monroe County Industrial Development Agency (RB) 2.35%, 12/11/20 (p)	$	1,009,470
	200,000	Municipal Electric Authority of Georgia, Series A (RB) 4.00%, 01/01/21		206,022
	730,000	Richmond County, Board of Education (GO) (SAW) 5.00%, 10/01/21		782,319
		State of Georgia, Series A (GO)
	50,000	5.00%, 02/01/21		52,398
	160,000	5.00%, 02/01/23		179,726
	15,000	5.00%, 02/01/23		16,849
	1,000,000	State of Georgia, Series E (GO) 5.00%, 12/01/24		1,188,770
	460,000	State of Georgia, Series F (GO) 5.00%, 07/01/21		489,394
				5,830,382
Hawaii: 1.0%
	120,000	City and County of Honolulu, Series B (GO) 5.00%, 10/01/23		137,572
	115,000	City and County of Honolulu, Wastewater System, Series A (RB) 5.00%, 07/01/24		134,413
	120,000	State of Hawaii, Series EZ (GO) 5.00%, 10/01/23		137,572
	500,000	State of Hawaii, Series FB (GO) 5.00%, 04/01/21		526,665
	700,000	State of Hawaii, Series FE (GO) 5.00%, 10/01/23		802,501
	110,000	State of Hawaii, Series FN (GO) 5.00%, 10/01/24		129,898
	100,000	State of Hawaii, Series FT (GO) 5.00%, 01/01/23		111,922
				1,980,543
Idaho: 0.5%
	950,000	Idaho Health Facilities Authority, Trinity Health Credit Group, Series D (RB) 5.00%, 12/01/21		1,022,124
Illinois: 5.3%
		Chicago O’Hare International Airport, Series B (RB)
	100,000	5.00%, 01/01/22		107,891
	445,000	5.00%, 01/01/24		510,397
		Chicago O’Hare International Airport, Series C (RB)
	250,000	5.00%, 01/01/22		269,727
	100,000	5.00%, 01/01/22		107,891
	650,000	5.00%, 01/01/23		723,417
	115,000	5.00%, 01/01/24		131,900
		Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB)
	380,000	5.00%, 06/01/22		411,244
	350,000	5.00%, 06/01/23		389,354
		City of Chicago, Water Revenue, Second Lien (RB)
	500,000	3.15%, 11/01/24		534,640
	345,000	5.00%, 11/01/23		390,209

Principal Amount			Value
Illinois: (continued)
		City of Springfield, Electric Revenue, Senior Lien (RB)
$	165,000	5.00%, 03/01/23	$	183,501
	235,000	5.00%, 03/01/24		268,384
	130,000	5.00%, 03/01/25		152,212
		Illinois Finance Authority of Clean Water Initiative (RB)
	310,000	4.00%, 01/01/23		336,666
	340,000	5.00%, 07/01/22		373,946
	250,000	5.00%, 01/01/23		279,227
	155,000	5.00%, 01/01/24		178,255
	600,000	5.00%, 01/01/25		710,028
	250,000	Illinois Finance Authority, Series A (RB) 5.00%, 07/15/23		283,632
	120,000	McHenry County Conservation District (GO) 5.00%, 02/01/21		125,509
	250,000	Regional Transportation Authority of Illinois, Series A (RB) 5.00%, 07/01/24		289,012
	370,000	Sales Tax Securitization Corp., Series A (RB) 5.00%, 01/01/23		404,939
		State of Illinois (GO)
	460,000	5.00%, 01/01/21		475,548
	575,000	5.00%, 06/01/21		601,329
	350,000	5.00%, 06/01/22		374,745
	350,000	5.00%, 02/01/23		379,498
		State of Illinois, Series C (RB)
	250,000	4.00%, 06/15/21		257,525
	395,000	5.00%, 06/15/22		423,057
	470,000	State of Illinois, Series D (GO) 5.00%, 11/01/22		508,573
	300,000	State of Illinois, Toll Highway Authority, Series A (RB) 5.00%, 12/01/22		333,024
				10,515,280
Indiana: 0.2%
	110,000	Indiana Finance Authority, Indiana University Health Obligated Group, Series A (RB) 5.00%, 12/01/23		126,335
	250,000	Indiana Municipal Power Agency, Series A (RB) 5.00%, 01/01/22		269,950
				396,285
Iowa: 0.3%
	250,000	Iowa Finance Authority (RB) 5.00%, 08/01/23		285,300
	25,000	State of Iowa, IJob Program, Series A (RB) 5.00%, 06/01/22		27,434
	250,000	State of Iowa, Prison Infrastructure Fund (RB) 5.00%, 06/15/23		283,665
				596,399
Kansas: 0.6%
	350,000	Johnson County Unified School District No. 233, Series B (GO) 5.00%, 09/01/22		387,569

Principal Amount			Value
Kansas: (continued)
$	230,000	Kansas Development Finance Authority, National Bio and Agro-Defense Facility, Series G (RB) 5.00%, 04/01/22	$	250,585
	535,000	State of Kansas, Department of Transportation, Highway Revenue, Series A (RB) 5.00%, 09/01/22		592,427
				1,230,581
Kentucky: 1.4%
	220,000	Kentucky Municipal Power Agency, Prairie State Project, Series A (RB) 5.00%, 09/01/24		253,909
		Kentucky State Property and Building Commission No. 108, Series B (RB)
	15,000	5.00%, 08/01/21		15,952
	320,000	5.00%, 08/01/22		350,637
		Kentucky State Property and Building Commission No. 112, Series B (RB)
	570,000	5.00%, 11/01/22		628,989
	320,000	5.00%, 11/01/23		363,526
		Kentucky Turnpike Authority, Series A (RB)
	55,000	5.00%, 07/01/20		56,318
	20,000	5.00%, 07/01/21		21,200
		Kentucky Turnpike Authority, Series B (RB)
	310,000	5.00%, 07/01/22		339,239
	300,000	5.00%, 07/01/23		338,001
	125,000	5.00%, 07/01/24		144,445
	250,000	University of Kentucky, Series B (RB) 5.00%, 10/01/21		268,065
				2,780,281
Louisiana: 1.0%
	390,000	City of New Orleans (GO) 5.00%, 12/01/20		405,694
	70,000	City of New Orleans, Sewerage Service (RB) 5.00%, 06/01/22		76,143
	175,000	Louisiana Local Government Environmental Facilities and Community Development Authority, LCTCS Act 391 Project (RB) 5.00%, 10/01/22		192,889
		Louisiana State Citizens Property Insurance Corp. (RB)
	35,000	5.00%, 06/01/20		35,754
	310,000	5.00%, 06/01/21		328,172
	300,000	5.00%, 06/01/22		327,765
	590,000	5.00%, 06/01/23		664,871
				2,031,288
Maryland: 3.4%
	35,000	Anne Arundel County (GO) 5.00%, 04/01/23		39,505
	320,000	Maryland State Stadium Authority, Baltimore City Public Schools (RB) 5.00%, 05/01/23		360,870

Principal Amount			Value
Maryland: (continued)
$	145,000	Maryland Water Quality Financing Administration (RB) 5.00%, 03/01/21	$	152,357
	410,000	Montgomery County, Consolidated Public Improvement, Series B (GO) 5.00%, 12/01/23		472,648
	300,000	Montgomery County, Series A (GO) 5.00%, 11/01/22		334,035
	455,000	Montgomery County, Series B (GO) 5.00%, 11/01/23		523,186
	2,730,000	State of Maryland (GO) 5.00%, 03/15/24		3,172,396
		State of Maryland, Department of Transportation (RB)
	15,000	5.00%, 02/01/23		16,839
	165,000	5.00%, 09/01/24		194,373
	40,000	State of Maryland, Department of Transportation, Second Issue (RB) 5.00%, 06/01/21		42,422
		State of Maryland, Department of Transportation, Third Issue (RB)
	100,000	5.00%, 12/15/20		104,293
	200,000	5.00%, 12/15/23		230,834
	790,000	State of Maryland, State and Local Facilities Loan, First Series (GO) 5.00%, 06/01/22		867,546
	30,000	State of Maryland, State and Local Facilities Loan, First Series A (GO) 5.00%, 03/01/23		33,770
	145,000	State of Maryland, State and Local Facilities Loan, Second Series (GO) 5.00%, 08/01/22		160,121
				6,705,195
Massachusetts: 1.7%
		Commonwealth of Massachusetts, Federal Highway Grant Anticipation, Series A (RB)
	20,000	5.00%, 06/15/21 (c)		21,237
	150,000	5.00%, 06/15/23 (c)		170,235
	10,000	Commonwealth of Massachusetts, Series C (GO) 5.00%, 10/01/21		10,734
	900,000	Commonwealth of Massachusetts, Series D (GO) 5.00%, 07/01/23		1,023,318
	125,000	Massachusetts Bay Transportation Authority (RB) 4.00%, 12/01/21		132,416
		Massachusetts Development Finance Agency, Care Group, Series H-1 (RB)
	480,000	5.00%, 07/01/21		509,606
	500,000	5.00%, 07/01/22		548,400
	325,000	Massachusetts Development Finance Agency, Care Group, Series I (RB) 5.00%, 07/01/21		345,046
	10,000	Massachusetts Development Finance Agency, Harvard University, Series A (RB) 5.00%, 07/15/22		11,038

Principal Amount			Value
Massachusetts: (continued)
$	30,000	Massachusetts Development Finance Agency, Healthcare System, Series Q (RB) 5.00%, 07/01/22	$	32,954
		Massachusetts State Water Resources Authority, Series C (RB)
	250,000	5.00%, 08/01/22		276,000
	220,000	5.00%, 08/01/23		250,804
				3,331,788
Michigan: 1.1%
	295,000	Michigan Finance Authority, Beaumont Health Credit Group, Series A (RB) 5.00%, 08/01/22		324,586
	200,000	Michigan Finance Authority, Henry Ford Health System (RB) 5.00%, 11/15/21		214,530
	100,000	Michigan State Building Authority, Series I (RB) 5.00%, 04/15/23		112,867
	500,000	Michigan Strategic Fund, Detroit Edison Company Pollution Control Project, Series CC (RB) 1.45%, 09/01/21 (p)		498,830
	500,000	Regents of University of Michigan, Series A (RB) 5.00%, 04/01/23		564,890
	35,000	Royal Oak Hospital Finance Authority, William Beaumont Hospital Obligated Group, Series D (RB) 5.00%, 09/01/21		37,380
	175,000	State of Michigan, Grant Anticipation (RB) 5.00%, 03/15/24		202,631
	145,000	Wayne County Airport Authority, Series C (RB) 5.00%, 12/01/23		165,973
				2,121,687
Minnesota: 1.3%
	200,000	Duluth Independent School District No. 709, Series A (CP) (SD CRED PROG) 5.00%, 02/01/25		234,124
	480,000	Regents of University of Minnesota, Series B (RB) 5.00%, 12/01/22		535,920
	370,000	Rosemount-Apple Valley-Eagan Independent School District No. 196 (GO) (SD CRED PROG) 5.00%, 02/01/22		401,835
	290,000	State of Minnesota, 911 Services Revenue (RB) 5.00%, 06/01/21		307,562
	150,000	State of Minnesota, Various Purpose, Series A (GO) 5.00%, 08/01/21		160,062
		State of Minnesota, Various Purpose, Series D (GO)
	510,000	5.00%, 08/01/22		563,331
	380,000	5.00%, 08/01/22		419,737
				2,622,571

Principal Amount			Value
Mississippi: 0.1%
$	200,000	State of Mississippi, Series E (RB) 5.00%, 10/15/21	$	214,582
Missouri: 0.7%
	1,000,000	City of St. Louis, Missouri Airport, Series A (RB) (AGM) 5.00%, 07/01/23		1,133,170
	260,000	Health and Educational Facilities Authority, Saint Luke’s Health System, Inc. (RB) 5.00%, 11/15/22		288,306
				1,421,476
Nebraska: 1.1%
	500,000	Central Plains Energy Project, Gas Project Crossover, Series A (RB) 5.00%, 10/01/23 (c) (p)		557,200
	525,000	Metropolitan Utilities District of Omaha, Water System (RB) 5.00%, 12/01/21		566,228
	70,000	Nebraska Public Power District, Series A (RB) 5.00%, 01/01/21		73,058
	570,000	Omaha Public Power District, Electric System, Series B (RB) 5.00%, 02/01/21		597,115
		Public Power Generation Agency, Whelan Energy Unit 2, Series A (RB)
	100,000	5.00%, 01/01/22		107,624
	195,000	5.00%, 01/01/23		216,323
				2,117,548
Nevada: 1.3%
	230,000	Clark County Flood Control (GO) 5.00%, 11/01/22		255,732
	100,000	Clark County Limited Tax Bond Bank, Series A (GO) 5.00%, 11/01/23		114,732
	250,000	Clark County School District, Series D (GO) 5.00%, 06/15/23		281,300
	250,000	Clark County Water Reclamation District (GO) 5.00%, 07/01/22		275,375
	450,000	Clark County, Series B (GO) 5.00%, 11/01/23		516,294
	300,000	Las Vegas Valley Water District, Series A (GO) 5.00%, 06/01/22		329,127
	300,000	State of Nevada, Highway Improvement, Motor Vehicle Fuel Tax (RB) 5.00%, 12/01/24		355,653
	500,000	State of Nevada, Series B (GO) 5.00%, 11/01/21		538,105
				2,666,318
New Jersey: 3.2%
		New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB)
	125,000	5.00%, 11/01/23		140,605
	100,000	5.00%, 11/01/24		115,022

Principal Amount			Value
New Jersey: (continued)
$	160,000	New Jersey Economic Development Authority, Princeton University, Series B (RB) 5.00%, 07/01/22	$	176,418
	125,000	New Jersey Economic Development Authority, School Facilities Construction, Series UU (RB) 5.00%, 06/15/22		135,793
		New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
	90,000	5.00%, 06/15/20		91,928
	320,000	5.00%, 06/15/21		337,894
		New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB)
	330,000	5.00%, 06/15/22		358,492
	365,000	5.00%, 06/15/23		406,599
	35,000	New Jersey Health Care Facilities Financing Authority, Inspira Health Obligated Group Issue, Series A (RB) 5.00%, 07/01/20		35,886
		New Jersey Transportation Trust Fund Authority, Series A (RB)
	100,000	5.00%, 06/15/21		105,674
	890,000	5.00%, 06/15/24		1,021,658
		New Jersey Turnpike Authority, Series C (RB)
	100,000	5.00%, 01/01/21		104,380
	120,000	5.00%, 01/01/22		129,763
		State of New Jersey, Series T (GO)
	225,000	5.00%, 06/01/21		238,262
	335,000	5.00%, 06/01/22		366,450
		State of New Jersey, Various Purposes (GO)
	1,105,000	5.00%, 06/01/21		1,170,129
	800,000	5.00%, 06/01/22		875,104
	220,000	5.00%, 06/01/22		240,654
	290,000	Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/23		323,602
				6,374,313
New Mexico: 1.3%
	415,000	Albuquerque Bernalillo County Water Utility Authority, Senior Lien (RB) 5.00%, 07/01/21		441,307
	100,000	Albuquerque Bernalillo County Water Utility Authority, Subordinate Lien, Series B (RB) 5.00%, 07/01/24		116,881
	250,000	Farmington, New Mexico Pollution Control, San Juan Project, Series B (RB) 1.88%, 10/01/21 (p)		250,783
	325,000	New Mexico Finance Authority, Series D (RB) 5.00%, 06/01/22		356,554
	320,000	State of New Mexico, Series A (GO) 5.00%, 03/01/23		359,763

Principal Amount			Value
New Mexico: (continued)
		State of New Mexico, Series B (RB)
$	505,000	4.00%, 07/01/23	$	555,207
	340,000	5.00%, 03/01/23		382,248
	160,000	State of New Mexico, Severance Tax, Series B (RB) 5.00%, 07/01/21		170,061
				2,632,804
New York: 12.2%
	750,000	Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB) 5.00%, 07/15/23		838,777
		City of New York, Series A (GO)
	670,000	5.00%, 08/01/22		739,486
	375,000	5.00%, 08/01/22		413,891
	120,000	5.00%, 08/01/24		140,716
	320,000	City of New York, Series C and D (GO) 5.00%, 08/01/23		364,429
	100,000	City of Yonkers, Series C (GO) 5.00%, 10/01/23		114,643
	100,000	County of Nassau, Series B (GO) 5.00%, 04/01/22		109,000
	775,000	County of Nassau, Series C (GO) 5.00%, 10/01/22		858,677
	50,000	Erie County Industrial Development Agency, City School District of the City of Buffalo Project, Series A (RB) (SAW) 5.00%, 05/01/21		52,916
		Hudson Yards Infrastructure Corp., Series A (RB)
	100,000	3.00%, 02/15/22		104,234
	210,000	5.00%, 02/15/22		228,323
	100,000	5.00%, 02/15/23		112,368
	500,000	Long Island Power Authority, Series B (RB) 5.00%, 09/01/22		552,785
	30,000	Metropolitan Transportation Authority, Series A (RB) 5.00%, 11/15/22		33,446
		Metropolitan Transportation Authority, Series A-1 (RB)
	600,000	5.00%, 11/15/23		686,148
	500,000	5.00%, 11/15/24 (p)		584,015
		Metropolitan Transportation Authority, Series A-2 (RB)
	250,000	5.00%, 11/15/20		259,490
	15,000	5.00%, 11/15/21		16,115
		Metropolitan Transportation Authority, Series B (RB)
	135,000	5.00%, 11/15/21		145,033
	450,000	5.00%, 11/15/22		499,842
	10,000	5.00%, 11/15/22		11,130
	290,000	5.00%, 11/15/23		331,638
	250,000	5.00%, 11/15/23		285,895
	125,000	5.00%, 11/15/24		146,865
	500,000	Metropolitan Transportation Authority, Series C-1 (RB) 5.00%, 11/15/23		571,790

Principal Amount			Value
New York: (continued)
		Metropolitan Transportation Authority, Series D (RB)
$	255,000	5.00%, 11/15/21	$	273,952
	10,000	5.00%, 11/15/22		11,108
	200,000	Metropolitan Transportation Authority, Series F (RB) 5.00%, 11/15/23		228,716
	250,000	Monroe County Industrial Development Agency (RB) (SAW) 5.00%, 05/01/23		283,212
	640,000	New York City Housing Development Corp., Multi-Family Housing, Series C-2 (RB) 2.20%, 11/01/20 (c)		645,299
		New York City Transitional Finance Authority, Building Aid Revenue, Series S-1 (RB) (SAW)
	790,000	5.00%, 07/15/23		899,059
	250,000	5.00%, 07/15/24		293,167
	1,000,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series 1 (RB) 5.00%, 11/01/22		1,113,760
		New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series C (RB)
	90,000	5.00%, 11/01/20		93,443
	310,000	5.00%, 11/01/21		333,690
	60,000	New York City Transitional Finance Authority, Future Tax Secured Subordinate, Series E-1 (RB) 5.00%, 02/01/22		65,162
	500,000	New York City Transitional Finance Authority, Series S-3 (RB) (SAW) 5.00%, 07/15/21 (c)		532,605
	125,000	New York State Dormitory Authority, Columbia University (RB) 5.00%, 10/01/24		148,994
	240,000	New York State Dormitory Authority, Icahn School of Medicine at Mount Sinai, Series A (RB) 5.00%, 07/01/25		287,774
	300,000	New York State Dormitory Authority, New York City Issue, Series 1 (RB) (SAW) 5.00%, 01/15/23		336,294
		New York State Dormitory Authority, New York NYU Hospitals Center (RB)
	100,000	5.00%, 07/01/21		106,322
	100,000	5.00%, 07/01/22		109,956
		New York State Dormitory Authority, New York State University, Series A (RB)
	200,000	5.00%, 03/15/21		210,500
	325,000	5.00%, 07/01/22		357,809
	110,000	New York State Dormitory Authority, New York University, Series A (RB) 5.00%, 07/01/24		129,388

Principal Amount			Value
New York: (continued)
		New York State Dormitory Authority, School Districts Bond Financing Program, Series A (RB) (SAW)
$	250,000	5.00%, 10/01/22	$	277,220
	365,000	5.00%, 10/01/23		418,297
	675,000	New York State Dormitory Authority, State Personal Income Tax, Series A (RB) 5.00%, 02/15/23		758,963
	10,000	New York State Dormitory Authority, State Personal Income Tax, Series C (RB) 5.00%, 03/15/23		11,275
		New York State Dormitory Authority, State Personal Income Tax, Series D (RB)
	770,000	5.00%, 02/15/22		837,383
	815,000	5.00%, 02/15/23		916,378
		New York State Dormitory Authority, State Personal Income Tax, Series E (RB)
	900,000	4.00%, 03/15/21		935,100
	225,000	5.00%, 03/15/21		236,813
	350,000	5.00%, 03/15/25		418,768
		New York State Dormitory Authority, State Sales Tax, Series A (RB)
	250,000	5.00%, 03/15/21		263,125
	155,000	5.00%, 03/15/22		169,046
	100,000	5.00%, 03/15/24		116,442
	600,000	5.00%, 03/15/24		698,652
	100,000	New York State Dormitory Authority, State Sales Tax, Series B (RB) 5.00%, 03/15/23		112,851
		New York State Dormitory Authority, State Sales Tax, Series C (RB)
	155,000	5.00%, 03/15/24		180,485
	775,000	5.00%, 03/15/25		928,163
	250,000	New York State Housing Finance Agency, Series M (RB) 2.00%, 05/01/21		252,010
	200,000	New York State Thruway Authority, Series K (RB) 5.00%, 01/01/24		230,356
	165,000	New York State Thruway Authority, Series L (RB) 5.00%, 01/01/24		190,044
	790,000	New York State Urban Development Corp., State Personal Income, Series A (RB) 5.00%, 03/15/23		890,970
	20,000	Sales Tax Asset Receivable Corp., Series A (RB) 5.00%, 10/15/22		22,329
	75,000	Triborough Bridge and Tunnel Authority, Series C-1 (RB) 5.00%, 11/15/23		86,534
	500,000	TSASC, Inc., Tobacco Settlement Bonds, Series A (RB) 5.00%, 06/01/22		544,700
				24,157,766

Principal Amount			Value
North Carolina: 1.4%
		Charlotte-Mecklenburg Hospital Authority, Carolinas Healthcare System, Series A (RB)
$	115,000	4.00%, 01/15/23	$	124,783
	105,000	5.00%, 01/15/22		113,573
	340,000	City of Charlotte, North Carolina Water and Sewer System (RB) 5.00%, 07/01/22		374,605
	290,000	County of Durham (GO) 4.00%, 10/01/24		329,266
	150,000	Mecklenburg County, Series A (GO) 5.00%, 09/01/21		160,482
	350,000	Mecklenburg County, Series B (GO) 5.00%, 12/01/21		377,937
	500,000	State of North Carolina, Grant Anticipation Revenue Vehicle (RB) 5.00%, 03/01/23		561,430
	500,000	State of North Carolina, Series A (GO) 5.00%, 06/01/24		585,675
	140,000	State of North Carolina, Series C (RB) 5.00%, 05/01/23		158,291
	10,000	Wake County, Series A (RB) 5.00%, 12/01/20		10,413
				2,796,455
Ohio: 2.3%
		American Municipal Power, Inc., Series A (RB)
	145,000	5.00%, 02/15/21		151,808
	15,000	5.00%, 02/15/23		16,773
	260,000	City of Cleveland, Airport System Revenue, Series B (RB) (AGM) 5.00%, 01/01/23		289,710
	100,000	County of Hamilton, Sales Tax, Series A (RB) 5.00%, 12/01/21		107,874
	155,000	Hamilton County, Ohio Sales Tax Revenue, Series A (RB) 5.00%, 12/01/23		178,417
	200,000	Ohio Water Development Authority, Water Pollution Control, Series A (RB) 5.00%, 06/01/24		233,686
	150,000	Ohio Water Development Authority, Water Pollution Control, Series B (RB) 5.00%, 12/01/21		161,871
	520,000	State of Ohio, Higher Educational Facility, Case Western Reserve University Project (RB) 5.00%, 12/01/23		597,438
	260,000	State of Ohio, Highway Capital Improvement, Series R (GO) 5.00%, 05/01/22		284,791
	200,000	State of Ohio, Highway Capital Improvement, Series S (GO) 5.00%, 05/01/22		219,070
	675,000	State of Ohio, Highway Capital Improvement, Series T (GO) 5.00%, 11/01/22		751,788
	350,000	State of Ohio, Highway Capital Improvement, Series U (GO) 5.00%, 05/01/23		396,242

Principal Amount			Value
Ohio: (continued)
$	930,000	State of Ohio, Infrastructure Improvement, Series C (GO) 5.00%, 09/01/21	$	995,342
	20,000	State of Ohio, Infrastructure Project, Series 1 (RB) 5.00%, 12/15/22		22,287
	100,000	State of Ohio, Infrastructure Project, Series 1-A (RB) 5.00%, 12/15/23		114,939
				4,522,036
Oklahoma: 0.5%
	500,000	Oklahoma Development Finance Authority, Integris Obligated Group, Series A (RB) 5.00%, 08/15/22		549,815
	10,000	Oklahoma Water Resources Board, Clean Water Program (RB) 5.00%, 04/01/23		11,262
	350,000	Tulsa Public Facilities Authority (RB) 3.00%, 06/01/25		379,284
				940,361
Oregon: 0.6%
	250,000	City of Portland, Water System, First Lien, Series A (RB) 5.00%, 04/01/21		263,550
	200,000	Medford School District No. 549C (GO) (SBG) 5.00%, 12/15/20		208,586
	10,000	Oregon State Lottery, Department of Administrative Services, Series B (RB) 5.00%, 04/01/23		11,291
	285,000	Oregon State Lottery, Department of Administrative Services, Series C (RB) 5.00%, 04/01/23		321,782
	365,000	State of Oregon, Series A (GO) 5.00%, 05/01/22		399,332
	25,000	Washington County, Series B (GO) 5.00%, 03/01/23		28,150
				1,232,691
Pennsylvania: 3.9%
	385,000	Allegheny County Sanitary Authority, Sewer Revenue (RB) 5.00%, 12/01/22		428,740
	500,000	City of Philadelphia, Gas Works Revenue, Thirteenth Series (RB) 5.00%, 08/01/21		533,090
	310,000	City of Philadelphia, Water and Wastewater Revenue (RB) 5.00%, 10/01/22		344,035
	100,000	City of Philadelphia, Water and Wastewater Revenue, Series B (RB) 5.00%, 07/01/22		110,067
	250,000	Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB) 5.00%, 06/01/23		279,957
	380,000	Commonwealth of Pennsylvania (GO) 5.00%, 01/15/22		411,373

Principal Amount			Value
Pennsylvania: (continued)
$	150,000	Commonwealth of Pennsylvania, First Series (GO) 5.00%, 03/15/21	$	157,707
		Commonwealth of Pennsylvania, Second Series (GO)
	580,000	5.00%, 01/15/21		606,181
	250,000	5.00%, 08/15/22		275,920
	590,000	5.00%, 09/15/22		652,935
	370,000	5.00%, 01/15/23		413,401
	300,000	Delaware River Port Authority, Series B (RB) 5.00%, 01/01/25		356,499
	270,000	Lancaster County Hospital Authority, University of Pennsylvania Health System, Series B (RB) 5.00%, 08/15/22		297,759
	500,000	Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Series A (RB) 5.00%, 09/01/23		567,490
	150,000	Northampton County, General Purpose Authority (RB) 5.00%, 11/01/23		171,783
	310,000	Pennsylvania Economic Development Financing Authority, UPMC (RB) 5.00%, 03/15/24		357,805
	175,000	Pennsylvania Higher Educational Facilities Authority, Commonwealth of Pennsylvania, Series AT-1 (RB) 5.00%, 06/15/23		197,503
	350,000	Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System (RB) 5.00%, 08/15/21		373,418
		Pennsylvania State University, Series B (RB)
	315,000	5.00%, 09/01/21		337,192
	350,000	5.00%, 09/01/22		387,569
		School District of Philadelphia, Series F (GO) (SAW)
	100,000	5.00%, 09/01/22		110,029
	120,000	5.00%, 09/01/24		139,343
	115,000	Southeastern Pennsylvania Transportation Authority (RB) 5.00%, 06/01/23		129,894
				7,639,690
Rhode Island: 0.9%
		Rhode Island Commerce Corp., Department of Transportation, Series A (RB)
	25,000	5.00%, 06/15/21		26,501
	235,000	5.00%, 06/15/22		257,508
	1,000,000	Rhode Island Health and Educational Building Corp., Providence Public Buildings Authority Issue, Series A (RB) (AGM) 4.00%, 05/15/23		1,091,750
	70,000	State of Rhode Island and Providence Plantations, Series D (GO) 5.00%, 08/01/20		71,994

Principal Amount			Value
Rhode Island: (continued)
$	290,000	Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 06/01/22	$	314,238
				1,761,991
South Carolina: 2.1%
	510,000	County of Charleston, Series C (GO) (SAW) 5.00%, 11/01/24		604,258
	500,000	County of York (GO) (SAW) 5.00%, 04/01/24		582,740
	1,500,000	Patriots Energy Group Financing Agency, Series A (RB) 4.00%, 11/01/23 (c) (p)		1,633,365
	575,000	SCAGO Educational Facilities Corp. for Pickens School District (RB) 5.00%, 12/01/21		619,764
	350,000	State of South Carolina, Series B (GO) (SAW) 5.00%, 04/01/24		407,918
	330,000	York County, South Carolina Fort Mill School District No. 4, Series B (GO) 5.00%, 03/01/23		371,006
				4,219,051
Tennessee: 0.7%
	10,000	City of Chattanooga, Tennessee Electric System, Series A (RB) 5.00%, 09/01/20		10,317
	200,000	Metropolitan Government of Nashville and Davidson County (GO) 5.00%, 07/01/24		234,258
	200,000	Metropolitan Government of Nashville and Davidson County, Series A (GO) 5.00%, 07/01/23		227,326
	100,000	State of Tennessee, School Bond Authority, Series B (RB) 5.00%, 11/01/20		103,826
	500,000	Tennergy Corp., Series A (RB) 5.00%, 07/01/24 (c) (p)		576,130
	250,000	Tennessee Energy Acquisition Corp., Series A (RB) 4.00%, 02/01/23 (c) (p)		266,607
				1,418,464
Texas: 9.7%
	300,000	Aldine Independent School District, Series A (GO) 5.00%, 02/15/23		336,588
	50,000	Alvin Independent School District, Series C (GO) 5.00%, 02/15/21		52,446
		Austin Independent School District, Series B (GO)
	250,000	5.00%, 08/01/22		276,000
	680,000	5.00%, 08/01/24		798,415
	725,000	Bexar County Hospital District (GO) 5.00%, 02/15/24		839,383
	240,000	Board of Regents of the Texas State University System, Series A (RB) 5.00%, 03/15/22		261,214

Principal Amount			Value
Texas: (continued)
$	10,000	Board of Regents of the Texas State University System, Series D (RB) 5.00%, 08/15/22	$	11,054
	250,000	Board of Regents of the University of North Texas, Series A (RB) 5.00%, 04/15/22		273,170
	15,000	City of Austin, Electric Utility, Series A (RB) 5.00%, 11/15/22		16,695
	290,000	City of Austin, Water and Wastewater System (RB) 5.00%, 11/15/22		322,761
	310,000	City of Austin, Water and Wastewater System, Series A (RB) 5.00%, 05/15/22		339,434
		City of Dallas (GO)
	225,000	5.00%, 02/15/21		236,036
	500,000	5.00%, 02/15/22		542,090
	250,000	5.00%, 02/15/24		287,975
	105,000	City of Fort Worth (GO) 5.00%, 03/01/24		121,440
	350,000	City of Fort Worth, Series A (GO) 5.00%, 03/01/23		393,123
	65,000	City of Frisco, Series A (GO) 5.00%, 02/15/22		70,595
	250,000	City of Houston, Airport System, Series D (RB) 5.00%, 07/01/24		291,710
		City of Houston, Series A (GO)
	250,000	5.00%, 03/01/23		280,107
	125,000	5.00%, 03/01/23		140,054
	50,000	City of San Antonio, Electric and Gas Systems (RB) 5.00%, 02/01/22		54,221
		City of San Antonio, General Improvement (GO)
	65,000	5.00%, 02/01/21		68,059
	500,000	5.00%, 08/01/25		601,790
	115,000	Colorado River Municipal Water District (RB) 5.00%, 01/01/24		132,253
	150,000	Conroe Independent School District (GO) 5.00%, 02/15/23		168,243
	125,000	Cypress-Fairbanks Independent School District (GO) 5.00%, 02/15/24		144,551
	700,000	Cypress-Fairbanks Independent School District, Series C (GO) 5.00%, 02/15/23		785,134
	115,000	Dallas Area Rapid Transit, Senior Lien, Series A (RB) 5.00%, 12/01/22		128,250
	375,000	Dallas County, Texas Combination Tax and Parking Garage (GO) 5.00%, 08/15/23		427,432
	150,000	Dallas/Fort Worth International Airport, Series E (RB) 5.00%, 11/01/20		155,633

Principal Amount			Value
Texas: (continued)
		Fort Worth Independent School District (GO)
$	125,000	5.00%, 02/15/21	$	131,049
	100,000	5.00%, 02/15/22		108,630
	150,000	5.00%, 02/15/24		173,394
	500,000	Harris County, Cultural Education Facilities Finance Corp., Texas Children’s Hospital, Series A (RB) 5.00%, 10/01/24		585,755
	200,000	Harris County, Houston Sports Authority, Senior Lien, Series A (RB) 5.00%, 11/15/20		207,404
	320,000	Harris County, Series A (GO) 5.00%, 10/01/22		354,646
		Houston Independent School District, Limited Tax School House (GO)
	450,000	5.00%, 02/15/21		472,009
	440,000	5.00%, 02/15/22		478,183
	155,000	5.00%, 02/15/24		179,385
		Houston Independent School District, Limited Tax School House, Series A (GO)
	650,000	5.00%, 02/15/23		729,722
	165,000	5.00%, 02/15/24		190,958
	250,000	Judson Independent School District (GO) 5.00%, 02/01/25		297,925
	290,000	Metropolitan Transit Authority of Harris County, Series A (RB) 5.00%, 11/01/24		342,362
	160,000	New Hope Cultural Education Facilities Finance Corp., Children’s Health System, Series A (RB) 5.00%, 08/15/23		181,800
	70,000	North Texas Municipal Water District, Water System (RB) 5.00%, 09/01/20		72,217
	150,000	North Texas Tollway Authority, First Tier, Series A (RB) 5.00%, 01/01/25		177,755
	320,000	Northeast Independent School District (GO) 5.00%, 08/01/21		341,062
	390,000	Northwest Independent School District, Series B (GO) 5.00%, 02/15/23		437,432
	100,000	Permanent University Fund, Texas A&M University System, Series A (RB) 5.75%, 07/01/24		120,718
		Plano Independent School District (GO)
	125,000	5.00%, 02/15/21		131,114
	425,000	5.00%, 02/15/22		461,677
		San Antonio Independent School District (GO)
	150,000	5.00%, 02/15/21		157,337
	200,000	5.00%, 02/15/25		238,376
	90,000	San Antonio Water System, Junior Lien, Series A (RB) 5.00%, 05/15/20		91,813

Principal Amount			Value
Texas: (continued)
$	490,000	Spring Branch Independent School District, Series A (GO) 5.00%, 02/01/21	$	513,246
	250,000	Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources System, Series A (RB) 5.00%, 02/15/24		288,200
	300,000	Tarrant Regional Water Control and Improvement District (RB) 5.00%, 03/01/22		326,310
	710,000	Texas Transportation Commission, State Highway Fund, First Tier (RB) 5.00%, 10/01/23		813,085
		Texas Water Development Board (RB)
	350,000	5.00%, 08/01/23		398,870
	225,000	5.00%, 08/01/25		271,636
	340,000	Texas Water Development Board, Series A (RB) 5.00%, 04/15/23		383,748
	345,000	Trinity River Authority, Regional Wastewater System (RB) 3.00%, 08/01/22		361,732
	360,000	University of Texas, Series D (RB) 5.00%, 08/15/21		384,350
	275,000	University of Texas, Series H (RB) 5.00%, 08/15/23		313,890
				19,273,646
Utah: 0.6%
	500,000	State of Utah (GO) 5.00%, 07/01/23		569,475
	100,000	University of Utah, Series A (RB) 5.00%, 08/01/23		113,963
	385,000	Utah Transit Authority, Subordinated Sales Tax, Series A (RB) 5.00%, 06/15/22		422,399
				1,105,837
Virginia: 2.8%
	240,000	City of Alexandria, Series C (GO) (SAW) 5.00%, 07/01/23		273,254
	125,000	City of Richmond, Public Utility Revenue, Series A (RB) 5.00%, 01/15/25		148,844
	125,000	Fairfax County Industrial Development Authority, Inova Health System Project, Series A (RB) 5.00%, 05/15/24		145,563
	1,000,000	Louisa Industrial Development Authority, Virginia Electric and Power Company Project, Series A (RB) (SAW) 1.90%, 06/01/23 (p)		1,011,900
		Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series A (RB)
	365,000	5.00%, 02/01/22		396,233
	60,000	5.00%, 02/01/23		67,356

Principal Amount			Value
Virginia: (continued)
$	250,000	Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series B (RB) 5.00%, 02/01/22	$	271,392
	135,000	Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series C (RB) 5.00%, 02/01/24		156,300
	250,000	Virginia College Building Authority, 21st Century College and Equipment Programs Educational Facilities, Series E (RB) 5.00%, 02/01/23		280,565
	125,000	Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Series A (RB) 5.00%, 09/01/22		138,455
	215,000	Virginia College Building Authority, Educational Facilities, Public Higher Education Financing Program, Series B (RB) (SAW) 5.00%, 09/01/22		238,143
		Virginia Commonwealth Transportation Board (RB)
	150,000	5.00%, 09/15/22		166,226
	400,000	5.00%, 09/15/23		457,768
	325,000	5.00%, 09/15/24		383,123
	175,000	Virginia Commonwealth Transportation Board, Series C (RB) 5.00%, 05/15/23		198,174
		Virginia Public Building Authority, Series A (RB)
	160,000	5.00%, 08/01/23		182,277
	120,000	5.00%, 08/01/24		140,958
	425,000	Virginia Public School Authority, Series A (RB) (SAW) 5.00%, 08/01/24		499,439
	395,000	Virginia Resources Authority (RB) 5.00%, 10/01/22		438,486
				5,594,456
Washington: 1.3%
	25,000	Central Puget Sound Regional Transit Authority, Series S-1 (RB) 5.00%, 11/01/22		27,836
	100,000	County of King (GO) 5.00%, 07/01/24		117,228
		Energy Northwest, Colombia Generating Station Electric, Series A (RB)
	465,000	5.00%, 07/01/22		511,942
	100,000	5.00%, 07/01/23		113,741
	410,000	5.00%, 07/01/24		480,229

Principal Amount			Value
Washington: (continued)
$	50,000	Port of Seattle, Series B (RB) 5.00%, 03/01/23	$	56,074
	100,000	State of Washington, Certificates of Participation, State and Local Agency Real and Personal Property, Series A (CP) 5.00%, 07/01/21		106,236
	200,000	State of Washington, Series D (GO) 5.00%, 02/01/24		231,466
	750,000	State of Washington, Various Purpose, Series R-A (GO) 5.00%, 08/01/24		880,987
				2,525,739
West Virginia: 0.2%
	410,000	State of West Virginia, Commissioner of Highways, Surface Transportation Improvements, Series A (RB) 5.00%, 09/01/23		467,150
Wisconsin: 1.9%
	545,000	City of Madison, Series A (GO) 4.00%, 10/01/22		588,317
	100,000	City of Milwaukee, Series N2 (GO) 4.00%, 03/01/23		108,833
		City of Milwaukee, Series N4 (GO)
	225,000	5.00%, 04/01/24		261,392
	125,000	5.00%, 04/01/25		149,090
		State of Wisconsin, Series 1 (GO)
	125,000	5.00%, 11/01/21		134,588
	210,000	5.00%, 11/01/21		226,107
	500,000	5.00%, 11/01/22		556,100
		State of Wisconsin, Series A (GO)
	110,000	5.00%, 05/01/23 (c)		124,171
	750,000	5.00%, 05/01/23 (c)		846,622
	500,000	Wisconsin Department of Transportation, Series 1 (RB) 5.00%, 07/01/21		531,780
	120,000	Wisconsin Department of Transportation, Series 2 (RB) 5.00%, 07/01/24		140,674
	165,000	Wisconsin Health and Educational Facilities Authority, Hospital Sisters Services, Inc., Series A (RB) 5.00%, 11/15/23		188,272
				3,855,946
Total Municipal Bonds: 98.7% (Cost: $192,353,388)				195,501,778
Other assets less liabilities: 1.3%				2,619,596
NET ASSETS: 100.0%			$	198,121,374

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
MUNICIPAL BONDS: 97.8%
Alabama: 1.7%
		Alabama Industrial Development Authority, Solid Waste Disposal, Pine City Fiber Company Project (RB)
$	800,000	6.45%, 12/02/19 (c)	$	811,184
	2,415,000	6.45%, 12/02/19 (c)		2,448,762
		Alabama Special Care Facilities Financing Authority, Methodist Home for Aging (RB)
	550,000	5.25%, 06/01/25		592,471
	1,910,000	5.75%, 06/01/26 (c)		2,137,787
	2,750,000	6.00%, 06/01/26 (c)		3,109,205
	1,150,000	City of Hoover Industrial Development Board, United States Corp. (RB) (SD CRED PROG) 5.75%, 10/01/29 (c)		1,214,848
	1,390,000	Huntsville-Redstone Village Special Care Facilities Financing Authority (RB) 5.50%, 12/02/19 (c) (d) *		1,147,223
		Jefferson County, Alabama Sewer Revenue, Series D (RB)
	9,000,000	6.00%, 10/01/23 (c)		10,673,100
	9,000,000	6.50%, 10/01/23 (c)		10,804,410
		Jefferson County, Alabama Sewer Revenue, Series E (RB)
	60,000	0.00%, 10/01/23 (c) ^		22,499
	100,000	0.00%, 10/01/23 (c) ^		44,300
		Tuscaloosa County Industrial Development Authority, Hunt Refining Project, Series A (RB)
	11,500,000	4.50%, 05/01/29 (c)		12,685,765
	7,000,000	5.25%, 05/01/29 (c)		8,067,570
				53,759,124
Alaska: 0.4%
		Northern Tobacco Securitization Corp., Series A (RB)
	8,080,000	5.00%, 11/18/19 (c)		8,090,989
	4,680,000	5.00%, 11/18/19 (c)		4,686,365
	1,720,000	Northern Tobacco Securitization Corp., Series B (RB) 0.00%, 11/18/19 (c) ^		194,274
				12,971,628
American Samoa: 0.1%
		American Samoa Economic Development Authority, Series A (RB)
	250,000	6.50%, 09/01/28		279,313
	1,000,000	6.63%, 09/01/25 (c)		1,070,990
	500,000	7.13%, 09/01/28 (c)		562,355
				1,912,658
Arizona: 2.4%
		Arizona Industrial Development Authority, American Charter School Foundation Project (RB)
	2,940,000	6.00%, 07/01/27 (c)		3,353,540
	2,000,000	6.00%, 07/01/27 (c)		2,315,780

Principal Amount			Value
Arizona: (continued)
		Arizona Industrial Development Authority, Basis School Project, Series A (RB)
$	250,000	5.13%, 07/01/26 (c)	$	274,398
	500,000	5.25%, 07/01/26 (c)		545,035
	500,000	5.38%, 07/01/26 (c)		547,455
		Arizona Industrial Development Authority, Basis School Project, Series D (RB)
	515,000	5.00%, 07/01/27 (c)		557,127
	270,000	5.00%, 07/01/27 (c)		293,023
	500,000	Arizona Industrial Development Authority, Basis School Project, Series G (RB) (AGM) 5.00%, 07/01/27 (c)		542,635
		Arizona Industrial Development Authority, Doral Academy-Fire Mesa and Red Rock Campus, Series A (RB)
	300,000	5.00%, 07/15/27 (c)		326,109
	400,000	5.00%, 07/15/27 (c)		439,876
		Arizona Industrial Development Authority, Education Facility, Series A (RB)
	1,000,000	5.25%, 07/01/23 (c)		1,078,020
	2,800,000	5.50%, 07/01/23 (c)		3,012,296
	130,000	Arizona Industrial Development Authority, Great Lakes Living Communities, First Tier, Series A (RB) 5.00%, 07/01/29 (c)		145,245
		Arizona Industrial Development Authority, Great Lakes Living Communities, Third Tier, Series C (RB)
	2,500,000	5.00%, 07/01/29 (c)		2,679,875
	2,500,000	5.50%, 07/01/29 (c)		2,757,800
	1,000,000	Arizona Industrial Development Authority, Kazen Education Project (RB) 5.70%, 07/01/26 (c)		1,097,200
		Arizona Industrial Development Authority, Leman Academy of Excellence, Series A (RB)
	500,000	4.00%, 07/01/24 (c)		507,875
	500,000	5.00%, 07/01/24 (c)		517,850
		Glendale Industrial Development Authority, Beatitudes Campus Project (RB)
	250,000	4.00%, 11/15/24 (c)		260,868
	1,350,000	5.00%, 11/15/24 (c)		1,440,976
	1,000,000	5.00%, 11/15/24 (c)		1,081,700
		Glendale Industrial Development Authority, Glencroft Retirement Community Project (RB)
	600,000	5.00%, 11/15/26 (c)		639,474
	700,000	5.25%, 11/15/26 (c)		744,331
	425,000	5.25%, 11/15/26 (c)		450,589

Principal Amount			Value
Arizona: (continued)
		Industrial Development Authority of the City of Phoenix, Basis Schools, Inc. Project, Series A (RB)
$	500,000	4.00%, 07/01/25	$	530,105
	1,000,000	5.00%, 07/01/25 (c)		1,065,770
	1,500,000	5.00%, 07/01/25 (c)		1,624,125
	500,000	5.00%, 07/01/25 (c)		533,150
		Industrial Development Authority of the City of Phoenix, Downtown Student Housing, Series A (RB)
	500,000	5.00%, 07/01/28 (c)		582,325
	650,000	5.00%, 07/01/28 (c)		767,006
	3,000,000	Industrial Development Authority of the City of Phoenix, Guam Facilities Foundation, Inc. (RB) 5.38%, 02/01/24 (c)		3,062,820
	675,000	Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project (RB) 5.00%, 07/01/25 (c)		711,288
	750,000	Industrial Development Authority of the City of Phoenix, Legacy Traditional School Project, Series A (RB) 5.00%, 07/01/26 (c)		808,875
	1,000,000	Industrial Development Authority of the City of Phoenix, Oro Valley Project, Series A (RB) 5.25%, 07/01/22 (c)		1,030,460
	1,000,000	Maricopa County Industrial Development Authority, Benjamin Franklin Charter School Projects, Series A (RB) 6.00%, 07/01/28 (c)		1,139,060
	750,000	Maricopa County Industrial Development Authority, Paradise School Project (RB) 5.00%, 07/01/26 (c)		807,030
	400,000	Peoria Industrial Development Authority, Sierra Winds Life Care Community Project, Series A (RB) 5.00%, 11/15/24		410,900
		Pima County Industrial Development Authority, American Leadership Academy Project (RB)
	1,250,000	4.13%, 06/15/22 (c)		1,275,275
	2,000,000	4.75%, 06/15/22 (c)		2,050,780
	3,540,000	5.00%, 06/15/22 (c)		3,639,297
	3,000,000	5.00%, 06/15/22 (c)		3,095,430
	500,000	5.00%, 06/15/25 (c)		528,505
	750,000	5.00%, 06/15/25 (c)		788,887
	1,250,000	5.63%, 06/15/25 (c)		1,372,912
		Pima County Industrial Development Authority, Edkey Charter Schools Project (RB)
	250,000	5.25%, 07/01/26 (c)		235,848
	250,000	5.38%, 07/01/26 (c)		228,618
	250,000	5.50%, 07/01/26 (c)		229,978
	295,000	6.00%, 07/01/20 (c)		297,543
	1,000,000	6.00%, 07/01/20 (c)		994,550

Principal Amount			Value
Arizona: (continued)
$	2,000,000	Pinal County Industrial Development Authority, WOF SW GGP 1 LLC Project (RB) 7.25%, 10/01/23 (c)	$	2,203,100
		Salt Verde Financial Corp. (RB)
	5,540,000	5.00%, 12/01/32		7,186,543
	6,055,000	5.00%, 12/01/37		8,151,604
	290,000	5.25%, 12/01/23		329,620
	305,000	5.25%, 12/01/24		355,505
	265,000	5.25%, 12/01/25		316,362
	215,000	5.25%, 12/01/27		266,359
	245,000	5.25%, 12/01/28		308,688
	315,000	5.50%, 12/01/29		409,374
		Tempe Industrial Development Authority, Friendship Village (RB)
	355,000	5.00%, 12/01/26 (c)		391,001
	250,000	5.00%, 12/01/26 (c)		276,013
	1,025,000	Tempe Industrial Development Authority, Friendship Village of Tempe, Series A (RB) 6.25%, 12/01/21 (c)		1,094,925
		Tempe Industrial Development Authority, Mirabella at ASU Project, Series A (RB)
	1,000,000	6.00%, 10/01/27 (c)		1,151,970
	500,000	6.13%, 10/01/27 (c)		569,225
	2,100,000	6.13%, 10/01/27 (c)		2,398,368
				78,828,271
Arkansas: 0.5%
	15,000,000	Arkansas Development Finance Authority, Big River Steel Project (RB) 4.50%, 09/01/26 (c)		15,967,500
		Pulaski County Public Facilities Board, Carti Project (RB)
	715,000	5.25%, 07/01/23 (c)		737,630
	760,000	5.50%, 07/01/23 (c)		782,352
				17,487,482
California: 12.9%
		Alameda Corridor Transportation Authority, Second Subordinate Lien, Series B (RB)
	2,055,000	5.00%, 10/01/26 (c)		2,407,576
	5,000,000	5.00%, 10/01/26 (c)		5,839,650
	3,000,000	5.00%, 10/01/26 (c)		3,530,400
	1,650,000	5.00%, 10/01/26 (c)		1,937,265
		Anaheim Community Facilities District No. 08-1 (ST)
	500,000	4.00%, 09/01/23 (c)		533,025
	750,000	4.00%, 09/01/23 (c)		801,232
	200,000	4.00%, 09/01/23 (c)		214,874
		Antelope Valley Healthcare District, Series A (RB)
	300,000	5.00%, 03/01/26 (c)		318,606
	1,250,000	5.25%, 03/01/26 (c)		1,376,937
	500,000	California Community College Financing Authority, Orange Coast College Project (RB) 5.25%, 05/01/28 (c)		585,925

Principal Amount			Value
California: (continued)
$	2,000,000	California Community Housing Agency, Essential Housing, Series A (RB) 5.00%, 08/01/29 (c)	$	2,261,600
	2,900,000	California Community Housing Agency, Workforce Housing, Series A (RB) 5.00%, 04/01/29 (c)		3,221,552
		California County Tobacco Securitization Agency (RB)
	1,200,000	5.45%, 11/18/19 (c)		1,218,276
	3,555,000	5.60%, 11/18/19 (c)		3,580,489
	8,190,000	5.70%, 11/18/19 (c)		8,243,808
	30,000	California County Tobacco Securitization Agency, Alameda County Tobacco Asset Securitization Corp. (RB) 5.88%, 12/02/19 (c)		30,295
	205,000	California County Tobacco Securitization Agency, Gold Country Settlement Funding Corp. (RB) 5.25%, 11/18/19 (c)		205,029
		California County Tobacco Securitization Agency, Golden Gate Tobacco, Series A (RB)
	4,115,000	5.00%, 11/18/19 (c)		4,115,453
	15,000	5.00%, 11/18/19 (c)		15,002
	25,000	California County Tobacco Securitization Agency, Kern County Tobacco Funding Corp. (RB) 5.00%, 06/01/21		26,193
	3,700,000	California County Tobacco Securitization Agency, Series C (RB) 0.00%, 11/18/19 (c) ^		645,391
		California County Tobacco Securitization Agency, Sonoma County Securitization Corp. (RB)
	1,120,000	5.13%, 12/02/19 (c)		1,123,125
	2,000,000	5.25%, 12/02/19 (c)		2,005,600
	25,850,000	California County Tobacco Securitization Agency, Stanislaus County Tobacco, Series C (RB) 0.00%, 11/18/19 (c) ^		2,094,884
	17,250,000	California County Tobacco Securitization Agency, Stanislaus County Tobacco, Series D (RB) 0.00%, 11/18/19 (c) ^		995,670
		California Health Facilities Financing Authority, Children’s Hospital, Series A (RB)
	250,000	4.00%, 08/15/27 (c)		270,483
	500,000	4.20%, 08/15/27 (c)		549,945
	80,000	4.25%, 11/15/22 (c)		85,606
	460,000	5.00%, 08/15/27 (c)		549,268
	1,410,000	5.00%, 08/15/27 (c)		1,668,298

Principal Amount			Value
California: (continued)
		California Municipal Finance Authority, California Baptist University, Series A (RB)
$	500,000	5.50%, 11/01/25 (c)	$	574,880
	1,000,000	6.13%, 11/01/23 (c)		1,155,420
		California Municipal Finance Authority, CHF-Davis I-West Village Student Housing Project (RB)
	150,000	4.00%, 11/15/28 (c)		164,394
	500,000	5.00%, 11/15/28 (c)		601,210
		California Municipal Finance Authority, Eisenhower Medical Center, Series A (RB)
	250,000	5.00%, 07/01/27 (c)		298,763
	200,000	5.00%, 07/01/27 (c)		240,108
	900,000	California Municipal Finance Authority, Eisenhower Medical Center, Series B (RB) 5.00%, 07/01/27 (c)		1,045,629
		California Municipal Finance Authority, Julian Charter School Project, Series A (RB)
	320,000	5.00%, 03/01/25		329,152
	2,900,000	5.63%, 03/01/25 (c)		3,012,404
		California Municipal Finance Authority, LINXS APM Project, Series A (RB) (AGM)
	1,950,000	3.00%, 06/30/28 (c)		2,032,056
	650,000	3.25%, 06/30/28 (c)		684,125
	730,000	3.50%, 06/30/28 (c)		773,493
	3,500,000	4.00%, 06/30/28 (c)		3,730,685
	7,555,000	5.00%, 06/30/28 (c)		8,808,903
	2,040,000	5.00%, 06/30/28 (c)		2,437,739
	2,550,000	5.00%, 06/30/28 (c)		2,985,744
	500,000	5.00%, 06/30/28 (c)		612,035
	500,000	5.00%, 06/30/28 (c)		613,650
	200,000	5.00%, 06/30/28 (c)		239,832
	1,035,000	5.00%, 06/30/28 (c)		1,255,300
	1,600,000	California Municipal Finance Authority, LINXS APM Project, Series B (RB) (AGM) 5.00%, 06/01/28 (c)		1,862,528
		California Municipal Finance Authority, Northbay Healthcare Group, Series A (RB)
	230,000	5.25%, 11/01/26 (c)		264,265
	750,000	5.25%, 11/01/26 (c)		867,210
		California Municipal Finance Authority, Palmdale Aerospace Academy, Series A (RB)
	500,000	5.00%, 07/01/26 (c)		549,160
	1,000,000	5.00%, 07/01/28 (c)		1,115,910
	130,000	5.00%, 07/01/28 (c)		147,170
	1,250,000	5.00%, 11/15/29 (c)		1,497,737
	930,000	California Municipal Finance Authority, Rocketship Education, Series A (RB) 7.00%, 06/01/22 (c)		1,033,304

Principal Amount			Value
California: (continued)
$	1,500,000	California Municipal Finance Authority, Santa Rosa Academy Project, Series A (RB) 6.00%, 07/01/22 (c)	$	1,609,320
	250,000	California Municipal Finance Authority, UCR Dundee-Glasgow Student Housing Project (RB) 4.00%, 11/15/28 (c)		273,990
	1,000,000	California Municipal Finance Authority, United Airlines, Inc. Los Angeles International Airport Project (RB) 4.00%, 07/15/29		1,135,210
		California Pollution Control Financing Authority, Solid Waste Disposal (RB)
	10,500,000	7.50%, 07/01/22 (c)		10,980,795
	6,000,000	7.50%, 12/01/24 (c)		6,251,640
	6,300,000	7.50%, 12/01/29 (c)		6,121,647
	6,635,000	8.00%, 07/01/27 (c)		7,218,747
	400,000	California Public Finance Authority, Henry Mayo Newhall Hospital (RB) 5.00%, 10/15/26 (c)		451,652
		California Public Finance Authority, NCCD-Claremont Properties LLC, Series A (RB)
	300,000	5.00%, 07/01/27 (c)		301,173
	4,900,000	5.00%, 07/01/27 (c)		4,919,159
	345,000	5.00%, 07/01/27		347,149
	485,000	5.00%, 07/01/27 (c)		488,036
	400,000	California School Finance Authority, Bright Star Schools Obligated Group (RB) 5.00%, 06/01/27 (c)		427,524
		California School Finance Authority, Rocketship Education Obligated Group, Series A (RB)
	250,000	5.13%, 06/01/26 (c)		269,105
	250,000	5.25%, 06/01/26 (c)		269,400
	1,000,000	California Statewide Communities Development Authority, Baptist University, Series A (RB) 5.00%, 11/01/27 (c)		1,152,690
	250,000	California Statewide Communities Development Authority, College Housing (RB) 5.25%, 07/01/29 (c)		288,015
		California Statewide Communities Development Authority, Daughters of Charity Health System, Series A (RB)
	1,960,000	5.50%, 12/02/19 (c)		1,920,643
	375,000	5.75%, 12/02/19 (c)		373,155
	3,270,000	5.75%, 12/02/19 (c)		3,251,165
	1,445,000	5.75%, 12/02/19 (c)		1,441,893
	55,000	California Statewide Communities Development Authority, Daughters of Charity Health System, Series H (RB) 5.75%, 12/02/19 (c)		54,681

Principal Amount			Value
California: (continued)
		California Statewide Communities Development Authority, Independence Support, LLC Project (RB)
$	100,000	6.00%, 06/01/25 (d) *	$	57,000
	125,000	6.50%, 06/01/25 (c) (d) *		71,250
	1,000,000	California Statewide Communities Development Authority, Infrastructure Program, Series B (SA) 5.00%, 09/02/28 (c)		1,162,880
	385,000	California Statewide Communities Development Authority, Irvine East Campus Apartments (RB) 5.00%, 05/15/26 (c)		458,061
		California Statewide Communities Development Authority, Lancer Educational Student Housing Project, Series A (RB)
	500,000	5.00%, 06/01/29 (c)		575,045
	435,000	5.00%, 06/01/29 (c)		507,323
	75,000	California Statewide Communities Development Authority, Lancer Plaza Project (RB) 5.63%, 11/01/23 (c)		84,765
		California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB)
	1,010,000	4.90%, 11/18/19 (c)		1,030,957
	1,100,000	5.00%, 06/01/26 (c)		1,278,959
	350,000	5.00%, 06/01/26 (c)		408,261
	1,835,000	5.00%, 06/01/26 (c)		2,059,769
	1,595,000	5.00%, 06/01/26 (c)		1,811,856
	3,240,000	5.25%, 12/01/24 (c)		3,652,160
	4,880,000	5.25%, 12/01/24 (c)		5,407,577
	1,300,000	5.25%, 12/01/24 (c)		1,486,524
	7,380,000	5.25%, 06/01/26 (c)		8,329,511
	1,000,000	5.25%, 06/01/28 (c)		1,160,870
	7,940,000	5.50%, 12/01/24 (c)		8,850,639
	6,500,000	5.50%, 06/01/28 (c)		7,627,360
	1,325,000	California Statewide Communities Development Authority, Methodist Hospital of Southern California (RB) 4.25%, 01/01/28 (c)		1,453,790
		California Statewide Communities Development Authority, Provident Group Pomona Properties LLC, Series A (RB)
	3,130,000	5.00%, 06/01/26 (c)		3,495,490
	125,000	5.75%, 01/15/23 (c)		134,845
		California Statewide Financing Authority, Pooled Tobacco Securitization Program (RB)
	23,000,000	0.00%, 11/18/19 (c) ^		1,257,870
	7,350,000	0.00%, 11/18/19 (c) ^		1,430,089
	56,750,000	0.00%, 12/02/19 (c) ^		2,410,172
	3,175,000	6.00%, 12/02/19 (c)		3,193,320
	900,000	6.00%, 12/02/19 (c)		905,193

Principal Amount			Value
California: (continued)
$	120,000	Cathedral City, California Public Financing Authority, Series A (AMBAC) (TA) 4.50%, 12/02/19 (c)	$	120,169
	55,000	Chino Public Financing Authority (ST) 5.00%, 09/01/22 (c)		59,120
		City of Dublin, Community Facilities District No. 2015-1 (ST)
	500,000	5.00%, 09/01/26 (c)		577,915
	500,000	5.00%, 09/01/26 (c)		579,615
	500,000	5.00%, 09/01/26 (c)		584,400
	1,150,000	5.00%, 09/01/27 (c)		1,350,939
	1,840,000	5.00%, 09/01/27 (c)		2,135,283
	250,000	City of Fremont, Community Facilities District No. 1 (ST) 5.00%, 09/01/25 (c)		283,703
		City of Irvine, Community Facilities District No. 2013-3 (ST)
	1,000,000	4.00%, 09/01/23 (c)		1,066,930
	1,800,000	4.00%, 09/01/23 (c)		1,911,114
	250,000	4.00%, 09/01/23 (c)		269,453
	230,000	4.00%, 09/01/23 (c)		248,573
	250,000	4.00%, 09/01/23 (c)		269,835
	750,000	City of Irvine, Reassessment District No. 15-2 (SA) 5.00%, 09/02/25 (c)		848,812
	1,620,000	City of Long Beach, Marina System Revenue (RB) 5.00%, 05/15/25 (c)		1,826,177
	110,000	City of Marysville, Fremont-Rideout Health Group (RB) 5.25%, 01/01/21 (c)		115,369
	3,235,000	City of Oroville Hospital (RB) 5.25%, 04/01/29 (c)		3,800,510
	840,000	City of Rocklin, Community Facilities District No. 10 (ST) 5.00%, 09/01/25 (c)		953,543
		City of Roseville, Fiddyment Ranch Community Facilities District No. 1 (ST)
	500,000	3.75%, 09/01/27 (c)		525,775
	155,000	5.00%, 09/01/27 (c)		184,686
	135,000	5.00%, 09/01/27 (c)		160,430
	200,000	City of Roseville, Westpark Community Facility District No. 1 (ST) 5.00%, 09/01/25 (c)		227,988
	225,000	City of San Buenaventura, Community Memorial Health System (RB) 6.50%, 12/01/21		246,737
	1,060,000	City of San Clemente, Facilities District No. 2006-1 (ST) 5.00%, 09/01/25 (c)		1,200,938
	910,000	City of Upland, San Antonio Regional Hospital (CP) 5.00%, 01/01/28 (c)		1,047,337
	1,000,000	Compton Public Finance Authority (RB) 4.00%, 09/01/24 (c)		1,029,600

Principal Amount			Value
California: (continued)
$	1,300,000	Elk Grove Finance Authority (ST) 5.00%, 09/01/26 (c)	$	1,498,237
		Folsom Ranch Financing Authority (ST)
	1,000,000	5.00%, 09/01/27 (c)		1,163,520
	2,000,000	5.00%, 09/01/27 (c)		2,359,400
	1,100,000	5.00%, 09/01/27 (c)		1,313,279
		Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series A (RB)
	1,000,000	5.75%, 01/15/24 (c)		1,156,720
	2,500,000	6.00%, 01/15/24 (c)		2,929,125
		Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-1 (RB)
	100,000	3.95%, 07/15/27 (c)		108,093
	1,000,000	6.00%, 01/15/24 (c)		1,170,150
	350,000	Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-2 (RB) 3.50%, 07/15/29 (c)		366,884
	6,525,000	Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-3 (RB) 5.50%, 07/15/22 (c) (p)		7,240,727
	1,000,000	Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series C (RB) 6.50%, 01/15/24 (c)		1,180,980
		Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-1 (RB)
	3,045,000	3.50%, 06/01/22 (c)		3,109,463
	6,505,000	5.00%, 06/01/22 (c)		6,689,742
	2,630,000	5.00%, 06/01/25		3,052,141
	400,000	5.00%, 06/01/27		480,084
	4,000,000	5.00%, 06/01/28 (c)		4,805,600
	750,000	5.00%, 06/01/28 (c)		889,020
	3,815,000	5.25%, 06/01/22 (c)		3,938,949
		Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-2 (RB)
	12,750,000	5.00%, 06/01/22 (c)		13,112,100
	14,585,000	5.30%, 06/01/22 (c)		15,139,959
	83,895,000	Golden State Tobacco Securitization Corp., Tobacco Settlement, Series B (RB) 0.00%, 11/18/19 (c) ^		14,293,191
	250,000	Independent Cities Finance Authority, Mobil Home Park, Series A (RB) 3.75%, 10/15/26 (c)		254,440
	9,410,000	Inland Empire Tobacco Securitization Authority, Series C-2 (RB) 0.00%, 11/18/19 (c) ^		1,508,611
	51,150,000	Inland Empire Tobacco Securitization Authority, Series D (RB) 0.00%, 11/18/19 (c) ^		3,034,729
	25,000,000	Inland Empire Tobacco Securitization Authority, Series E (RB) 0.00%, 11/18/19 (c) ^		1,093,500

Principal Amount			Value
California: (continued)
$	25,000,000	Inland Empire Tobacco Securitization Authority, Series F (RB) 0.00%, 11/18/19 (c) ^	$	772,750
	1,000,000	Irvine Unified School District No. 09-1, Series D (ST) 5.00%, 09/01/27 (c)		1,151,320
	405,000	Lake Elsinore Public Financing Authority (ST) 5.00%, 09/01/25 (c)		459,084
	50,000	Lincoln Public Financing Authority, Twelve Bridges, Series B (SA) 6.00%, 09/02/21 (c)		54,283
		MSR Energy Authority, Series A (RB)
	170,000	6.13%, 11/01/29		216,684
	1,575,000	6.50%, 11/01/39		2,468,671
	1,500,000	7.00%, 11/01/34		2,296,320
		MSR Energy Authority, Series B (RB)
	1,680,000	6.13%, 11/01/29		2,144,873
	805,000	6.50%, 11/01/39		1,261,765
	3,500,000	7.00%, 11/01/34		5,358,080
		MSR Energy Authority, Series C (RB)
	700,000	6.13%, 11/01/29		892,647
	3,850,000	6.50%, 11/01/39		6,034,528
	3,105,000	7.00%, 11/01/34		4,753,382
		Orange County Community Facilities District No. 1, Series A (ST)
	975,000	4.25%, 08/15/25 (c)		1,052,639
	455,000	5.25%, 08/15/25 (c)		520,361
		Palomar Health (CP) (AGM)
	875,000	4.00%, 11/01/27 (c)		928,532
	1,500,000	4.00%, 11/01/27 (c)		1,579,485
	250,000	5.00%, 11/01/26 (c)		291,795
	500,000	5.00%, 11/01/26 (c)		576,180
	125,000	Palomar Pomerado Health, Series A (GO) 0.00%, 08/01/25 ^		111,391
	80,000	Patterson Public Financing Authority, Community Facilities District No. 2001-1, Series A (ST) 4.00%, 09/01/21		82,478
	1,000,000	Perris Union High School District Financing Authority (ST) 5.00%, 03/01/25 (c)		1,121,380
	750,000	Poway Unified School District Public Financing Authority, Series A (ST) 5.00%, 09/01/25 (c)		858,900
	180,000	Rancho Cordova Community Facilities District No. 2003-1 (ST) 4.00%, 09/01/26 (c)		193,324
		River Islands Public Financing Authority, Community Facilities District No. 2003-1, Series A-1 (AGM) (ST)
	500,000	5.00%, 09/01/26 (c)		564,530
	500,000	5.00%, 09/01/26 (c)		563,540
	500,000	5.00%, 09/01/26 (c)		568,840
	3,000,000	5.50%, 09/01/22 (c)		3,260,130

Principal Amount			Value
California: (continued)
		River Islands Public Financing Authority, Community Facilities District No. 2019-1 (ST)
$	1,000,000	4.00%, 09/01/26 (c)	$	1,009,240
	750,000	5.00%, 09/01/26 (c)		834,000
	500,000	Romoland School District No. 2004-1 (ST) 5.00%, 09/01/25 (c)		575,335
		Sacramento County, Community Facilities District No. 2005-2 (ST)
	495,000	5.00%, 09/01/26 (c)		568,413
	345,000	5.00%, 09/01/26 (c)		398,071
	3,120,000	San Buenaventura, Community Memorial Health System (RB) 7.50%, 12/01/21 (c)		3,448,349
	300,000	San Jacinto Unified School District Financing Authority (ST) 5.00%, 09/01/26 (c)		350,667
		San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series A (RB)
	145,000	0.00%, 01/15/32 ^		100,856
	105,000	0.00%, 01/15/36 ^		63,049
	1,750,000	5.00%, 01/15/25 (c)		1,986,897
	3,780,000	5.00%, 01/15/25 (c)		4,260,400
	500,000	5.00%, 01/15/25 (c)		581,215
	2,300,000	5.00%, 01/15/25 (c)		2,637,617
	200,000	San Joaquin Hills Transportation Corridor Agency, Junior Lien Toll Road, Series B (RB) 5.25%, 01/15/25 (c)		225,490
	1,815,000	San Mateo Union High School District, Series A (GO) 5.00%, 09/01/23 (c)		2,070,606
		Saugus Hart School Facilities Financing Authority, Community Facilities District No. 2006-1 (ST)
	500,000	5.00%, 03/01/26 (c)		568,930
	500,000	5.00%, 03/01/26 (c)		571,120
	9,000,000	Silicon Valley Tobacco Securitization Authority, Series A (RB) 0.00%, 12/02/19 (c) ^		3,588,750
	7,515,000	Silicon Valley Tobacco Securitization Authority, Series C (RB) 0.00%, 11/18/19 (c) ^		716,480
	29,250,000	Silicon Valley Tobacco Securitization Authority, Series D (RB) 0.00%, 11/18/19 (c) ^		2,162,160
		South California Tobacco Securitization Authority, Series A (RB)
	1,000,000	5.00%, 12/01/29 (c)		1,192,820
	500,000	5.00%, 12/01/29 (c)		609,485
	250,000	South California Tobacco Securitization Authority, Series B (RB) 2.25%, 06/01/29		254,758

Principal Amount			Value
California: (continued)
$	18,050,000	South California Tobacco Securitization Authority, Series C (RB) 0.00%, 11/18/19 (c) ^	$	2,621,040
	1,035,000	Thousand Oaks, California Community Facilities, District No. 1994-1 (ST) 5.38%, 09/01/22 (c)		1,093,001
		Tobacco Securitization Authority of Northern California, Series A-1 (RB)
	2,085,000	5.38%, 11/18/19 (c)		2,093,006
	6,025,000	5.50%, 11/18/19 (c)		6,048,437
	8,000,000	Tobacco Securitization Authority of Northern California, Series C (RB) 0.00%, 11/18/19 (c) ^		1,001,280
		Tobacco Securitization Authority of Southern California, Series A-1 (RB)
	5,455,000	5.00%, 11/18/19 (c)		5,461,000
	6,425,000	5.13%, 11/18/19 (c)		6,432,324
		Tobacco Securitization Authority of Southern California, Series B (RB)
	10,485,000	0.00%, 11/18/19 (c) ^		1,877,339
	15,000,000	0.00%, 11/18/19 (c) ^		3,344,850
	16,440,000	Tobacco Securitization Authority of Southern California, Series D (RB) 0.00%, 11/18/19 (c) ^		1,997,953
		Tustin Community Facilities District, Series A (ST)
	100,000	5.00%, 09/01/25 (c)		112,892
	100,000	5.00%, 09/01/25 (c)		113,296
	750,000	Val Verde Unified School District (ST) 5.00%, 03/01/25 (c)		845,707
	300,000	Vernon Electric System, Series A (RB) 5.13%, 12/02/19 (c)		301,053
		Western Hills Water District, Diablo Grande Community Facilities District No. 1 (ST)
	850,000	4.00%, 09/01/21		646,000
	530,000	5.30%, 09/01/22 (c)		402,800
	445,000	William S. Hart Union High School District No. 2015-1 (ST) 5.00%, 09/01/26 (c)		512,280
				416,563,041
Colorado: 2.3%
		Arista Metropolitan District in the City and County of Broomfield, Series A (GO)
	500,000	5.00%, 12/01/23 (c)		539,030
	750,000	5.13%, 12/01/23 (c)		805,515
	1,000,000	Aviation Station North Metropolitan District No. 2, Series A (GO) 5.00%, 09/01/24 (c)		1,063,800
	1,000,000	Base Village Metropolitan District No. 2, Series A (GO) 5.75%, 12/01/21 (c)		1,053,660
		Castle Oaks Metropolitan District No. 3 (GO)
	500,000	5.00%, 12/01/20 (c)		512,375
	500,000	5.00%, 12/01/20 (c)		514,255

Principal Amount			Value
Colorado: (continued)
		Centerra Metropolitan District No. 1 (TA)
$	500,000	5.00%, 12/01/22 (c)	$	526,715
	500,000	5.00%, 12/01/22 (c)		531,360
	500,000	5.00%, 12/01/22 (c)		540,215
	4,900,000	City and County of Denver, United Airlines, Inc. Project (RB) 5.00%, 10/01/23 (c)		5,360,845
	4,250,000	City of Fruita, Colorado Healthcare Canyons Hospital and Medical Center, Series B (RB) 5.50%, 01/01/28 (c)		4,753,030
	1,035,000	City of Lakewood, Colorado Plaza Metropolitan District No. 1 (TA) 5.00%, 12/01/22 (c)		1,084,204
		Colorado Educational and Cultural Facilities Authority, Loveland Classical Schools Project, Thompson School District R2-J (RB)
	1,000,000	5.00%, 07/01/26 (c)		1,055,500
	500,000	5.00%, 07/01/26 (c)		536,195
	750,000	Colorado Health Facilities Authority, Capella of Grand Junction Project (RB) 5.00%, 12/01/26 (c)		771,495
		Colorado Health Facilities Authority, Catholic Health Initiatives, Series A (RB)
	150,000	5.00%, 02/01/21 (c)		156,983
	1,390,000	5.00%, 02/01/21 (c)		1,454,704
	425,000	5.25%, 02/01/21 (c)		446,089
		Colorado Health Facilities Authority, Christian Living Neighborhoods Project (RB)
	350,000	4.00%, 01/01/29 (c)		371,777
	1,000,000	5.00%, 01/01/24 (c)		1,100,660
	105,000	5.00%, 01/01/24 (c)		116,843
	500,000	5.00%, 01/01/26 (c)		571,065
	3,600,000	Colorado Health Facilities Authority, Commonspirit Health, Series A-1 (RB) 4.00%, 08/01/29 (c)		3,897,180
	2,000,000	Colorado Health Facilities Authority, Commonspirit Health, Series A-2 (RB) 4.00%, 08/01/29 (c)		2,140,040
		Colorado Health Facilities Authority, Evangelical Lutheran Good Samaritan Society Project (RB)
	1,500,000	5.00%, 06/01/27 (c)		1,869,720
	335,000	5.00%, 06/01/27 (c)		417,571
	400,000	5.00%, 06/01/27 (c)		498,592
	1,700,000	Colorado Health Facilities Authority, Health and Residential, Volunteers of America Care Facilities (RB) 5.30%, 12/02/19 (c)		1,702,023
		Colorado Health Facilities Authority, Ralston Creek at Arvada Project, Series A (RB)
	2,100,000	5.75%, 11/01/25 (c)		2,162,286
	1,835,000	6.00%, 11/01/25 (c)		1,919,006

Principal Amount			Value
Colorado: (continued)
$	730,000	Colorado Health Facilities Authority, Ralston Creek at Arvada Project, Series B (RB) 4.00%, 11/01/20 (c)	$	732,037
	1,350,000	Colorado Health Facilities Authority, Sunny Vista Living Center Project (RB) 6.13%, 12/01/25 (c)		1,438,843
		Colorado Health Facilities Authority, The Evangelical Lutheran Good Samaritan Society Project (RB)
	1,695,000	5.00%, 06/01/22 (c)		1,857,364
	195,000	5.00%, 06/01/27 (c)		243,064
		Colorado High Performance Transportation Enterprise (RB)
	250,000	5.00%, 12/31/24 (c)		272,985
	250,000	5.00%, 12/31/24 (c)		273,708
	2,500,000	Colorado International Center, Metropolitan District No. 14 (GO) 5.88%, 12/01/23 (c)		2,733,425
		Copperleaf Metropolitan District No. 2 (GO)
	500,000	5.25%, 12/01/20 (c)		523,810
	500,000	5.75%, 12/01/20 (c)		523,855
		Creekwalk Marketplace Business Improvement District, Series A (RB)
	500,000	5.50%, 12/01/26 (c)		510,445
	500,000	5.75%, 12/01/26 (c)		510,320
		Crowfoot Valley Ranch Metropolitan District No. 2, Series A (GO)
	1,000,000	5.63%, 12/01/23 (c)		1,049,550
	1,500,000	5.75%, 12/01/23 (c)		1,572,660
		Denver Convention Center Hotel Authority (RB)
	250,000	5.00%, 12/01/26 (c)		284,460
	1,000,000	5.00%, 12/01/26 (c)		1,159,280
		Dominion Water and Sanitation District (RB)
	3,500,000	5.75%, 12/01/21 (c)		3,735,935
	500,000	6.00%, 12/01/21 (c)		535,770
		Eaton Area Park and Recreation District (GO)
	250,000	5.25%, 12/01/22 (c)		264,513
	310,000	5.50%, 12/01/22 (c)		329,871
	250,000	5.50%, 12/01/22 (c)		268,145
		Fountain Urban Renewal Authority, South Academy Highlands Project, Series A (TA)
	990,000	4.50%, 11/01/25 (c)		1,016,136
	2,345,000	5.25%, 11/01/25 (c)		2,475,499
	1,865,000	5.50%, 11/01/25 (c)		1,984,136
	1,000,000	Independence Metropolitan District No. 3, Series A (GO) 6.25%, 06/01/24 (c)		1,049,060
		Lambertson Farms Metropolitan District No. 1 (GO)
	500,000	5.75%, 12/15/23 (c)		521,870
	500,000	6.00%, 12/15/23 (c)		525,555
	1,000,000	Southglenn Metropolitan District (GO) 5.00%, 12/01/21 (c)		1,051,440

Principal Amount			Value
Colorado: (continued)
$	500,000	Southlands Metropolitan District No. 1, Series A-1 (GO) 5.00%, 12/01/27 (c)	$	561,305
		Sterling Ranch Community Authority Board, Colorado Limited Tax, Series A (RB)
	5,000,000	5.00%, 12/01/22 (c)		5,171,700
	500,000	5.00%, 12/01/22 (c)		522,905
	1,000,000	5.00%, 12/01/22 (c)		1,053,800
		Velocity Metropolitan District No. 3 (GO)
	500,000	5.13%, 12/01/23 (c)		532,925
	500,000	5.38%, 12/01/23 (c)		533,845
	1,500,000	5.50%, 12/01/23 (c)		1,600,905
				75,893,854
Connecticut: 0.3%
	630,000	Bridgeport Housing Authority, Energy Performance Equipment (RB) 5.60%, 11/12/19 (c)		630,063
	1,500,000	Connecticut State Health and Educational Facilities Authority, Church Home of Harford, Series A (RB) 5.00%, 09/01/26 (c)		1,627,890
	120,000	Connecticut State Health and Educational Facilities Authority, Masonicare Issue, Series F (RB) 4.00%, 07/01/26 (c)		127,220
	235,000	Connecticut State Health and Educational Facilities Authority, Stamford Hospital, Series I (RB) 4.50%, 07/01/20 (c)		238,896
		Connecticut State Health and Educational Facilities Authority, Stamford Hospital, Series J (RB)
	935,000	4.25%, 07/01/22 (c)		986,032
	655,000	4.50%, 07/01/22 (c)		684,279
	380,000	5.00%, 07/01/22 (c)		408,196
	470,000	5.00%, 07/01/22 (c)		501,100
	100,000	5.00%, 07/01/22 (c)		106,884
	1,040,000	Hartford Stadium Authority, Series A (RB) 4.00%, 02/01/25 (c)		878,509
		Mohegan Tribe of Indians of Connecticut, Gaming Authority, Series C (RB)
	250,000	5.75%, 02/01/24		266,995
	1,000,000	6.25%, 02/01/26 (c)		1,119,610
		Town of Hamden, Whitney Center Project (RB)
	250,000	5.00%, 01/01/26 (c)		268,603
	500,000	5.00%, 01/01/26 (c)		543,960
		Town of Hamden, Whitney Center Project, Series A (RB)
	410,000	7.63%, 01/01/20 (c)		414,116
	2,000,000	7.75%, 01/01/20 (c)		2,020,480
				10,822,833

Principal Amount			Value
Delaware: 0.0%
		Delaware Economic Development Authority, Aspira Chapter School, Series A (RB)
$	500,000	5.00%, 06/01/26 (c)	$	537,305
	250,000	5.00%, 06/01/26 (c)		272,918
	275,000	Delaware Economic Development Authority, Indian River Power, LLC Project (RB) 5.38%, 10/01/20 (c)		283,319
				1,093,542
District of Columbia: 1.1%
		District of Columbia Tobacco Settlement Financing Corp. (RB)
	60,800,000	0.00%, 11/18/19 (c) ^		6,446,624
	62,960,000	0.00%, 12/02/19 (c) ^		12,026,619
	49,000	6.50%, 05/15/33		56,007
		District of Columbia, Ingleside at Rock Creek Project, Series A (RB)
	665,000	4.13%, 07/01/24 (c)		698,922
	180,000	5.00%, 07/01/24 (c)		193,183
	1,000,000	5.00%, 07/01/24 (c)		1,068,070
	250,000	5.00%, 07/01/24 (c)		273,043
	665,000	5.00%, 07/01/24 (c)		718,466
	4,200,000	District of Columbia, National Center for Law Enforcement Issue, Series A (RB) 7.75%, 07/01/21 (c)		955,500
	1,130,000	District of Columbia, National Center for Law Enforcement Issue, Series B (RB) 6.38%, 12/02/19 (c)		257,075
		District of Columbia, Provident Group-Howard Properties, LLC Issue (RB)
	1,115,000	5.00%, 10/01/22 (c)		1,164,283
	395,000	5.00%, 10/01/22 (c)		410,350
	790,000	5.00%, 10/01/22 (c)		814,308
	985,000	6.25%, 04/01/21 (c)		1,026,705
	1,525,000	6.50%, 04/01/21 (c)		1,587,067
	1,450,000	6.50%, 04/01/21 (c)		1,511,248
	1,110,000	District of Columbia, The Howard University Issue, Series A (RB) 6.25%, 04/01/21 (c)		1,164,534
		Metropolitan Washington Airports Authority, Dulles Toll Road Revenue, Series A (RB)
	825,000	0.00%, 10/01/37 ^		443,058
	1,895,000	5.00%, 04/01/22 (c)		2,024,675
		Metropolitan Washington Airports Authority, Dulles Toll Road Revenue, Series B (RB)
	5,520,000	0.00%, 10/01/37 ^		3,125,314
	245,000	6.50%, 10/01/28 (c)		326,568
				36,291,619
Florida: 5.5%
	1,490,000	Alachua County, Florida Health Facilities Authority, Oak Hammock at the University of Florida Project, Series A (RB) 8.00%, 10/01/22 (c)		1,682,538

Principal Amount			Value
Florida: (continued)
		Alachua County, Florida Health Facilities Authority, Terraces at Bonita Springs Project, Series A (RB)
$	1,540,000	8.00%, 11/15/21 (c)	$	1,557,926
	1,005,000	8.13%, 11/15/21 (c)		1,011,543
		Alachua County, Health Facilities Authority, East Ridge Retirement Village, Inc. (RB)
	800,000	6.00%, 11/15/24 (c)		716,064
	1,000,000	6.25%, 11/15/24 (c)		870,790
		Cape Coral Health Facilities Authority, Gulf Care, Inc. Project (RB)
	385,000	5.40%, 07/01/25 (c)		412,231
	165,000	5.88%, 07/01/25 (c)		179,647
	1,335,000	6.00%, 07/01/25 (c)		1,454,122
	1,000,000	Capital Trust Agency, American Eagle Portfolio Project, Second Tier, Series B (RB) 6.00%, 07/01/25 (c)		940,480
	9,905,000	Capital Trust Agency, American Eagle Portfolio Project, Series A (RB) 5.88%, 01/01/29 (c)		10,693,537
		Capital Trust Agency, Educational Facilities, Pineapple Cove Classical Academy, Inc., Series A (RB)
	500,000	5.13%, 01/01/29 (c)		526,285
	500,000	5.25%, 01/01/29 (c)		525,560
	500,000	5.38%, 01/01/29 (c)		525,605
	500,000	Capital Trust Agency, Educational Facilities, Renaissance Charter School, Inc., Series A (RB) 5.25%, 06/15/27 (c)		532,545
	1,565,000	Capital Trust Agency, Elim Senior Housing, Inc. (RB) 5.63%, 08/01/24 (c)		1,641,356
		Capital Trust Agency, First Mortgage, Tallahassee Tapestry Housing Project, Series A (RB)
	1,005,000	7.00%, 12/01/25 (c)		1,042,034
	500,000	7.13%, 12/01/25 (c)		520,265
	1,250,000	Capital Trust Agency, Senior Living Facilities, Elim Senior Housing, Inc. (RB) 5.88%, 08/01/24 (c)		1,307,150
		Capital Trust Agency, Tapestry Walden, Series A (RB)
	975,000	6.75%, 07/01/27 (c)		1,036,474
	3,550,000	7.00%, 07/01/27 (c)		3,760,586
		Capital Trust Agency, Tuscan Gardens of Palm Coast Project, Series A (RB)
	3,220,000	7.00%, 04/01/22 (c)		3,244,118
	1,210,000	7.00%, 04/01/24 (c)		1,175,999
		Capital Trust Agency, University Bridge, LLC Student Housing Project, Series A (RB)
	2,200,000	4.00%, 12/01/28		2,208,536

Principal Amount			Value
Florida: (continued)
$	8,775,000	5.25%, 12/01/28 (c)	$	9,200,587
	2,500,000	5.25%, 12/01/28 (c)		2,649,825
	750,000	City of Jacksonville, Educational Facilities, Series B (RB) 5.00%, 06/01/28 (c)		830,940
	815,000	City of Orlando, Senior Tourist Development, Series A (RB) (AGM) 5.00%, 11/01/27 (c)		980,152
		City of Tallahassee, Health Facilities Authority, Memorial Healthcare, Inc. Project (RB)
	230,000	4.00%, 06/01/25 (c)		242,940
	300,000	5.00%, 06/01/25 (c)		335,142
	2,500,000	5.00%, 06/01/25 (c)		2,805,925
		City of Tallahassee, Health Facilities Authority, Memorial Healthcare, Inc. Project, Series A (RB)
	475,000	4.00%, 12/01/25 (c)		498,023
	3,540,000	5.00%, 12/01/25 (c)		3,963,101
		Collier County Industrial Development Authority, Arlington of Naples Project, Series A (RB)
	1,150,000	7.00%, 05/15/24		1,097,100
	2,500,000	8.13%, 05/15/24 (c)		2,385,600
		Florida Development Finance Corp., Florida Charter Foundation, Inc., Series A (RB)
	1,000,000	4.75%, 07/15/26 (c)		1,021,210
	500,000	6.00%, 06/15/27 (c)		532,935
	1,000,000	6.13%, 06/15/27 (c)		1,058,770
		Florida Development Finance Corp., Miami Arts Charter School Project, Series A (RB)
	360,000	5.63%, 06/15/24 (c)		355,241
	450,000	5.88%, 06/15/24 (c)		443,210
	695,000	6.00%, 06/15/24 (c)		682,844
		Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series A (RB)
	655,000	5.50%, 06/15/22		667,026
	1,000,000	5.75%, 06/15/24 (c)		1,084,850
	2,600,000	6.00%, 06/15/22 (c)		2,692,118
	500,000	6.00%, 06/15/25 (c)		553,255
	2,000,000	6.13%, 06/15/22 (c)		2,055,340
	685,000	6.13%, 06/15/25 (c)		750,048
	3,000,000	7.63%, 06/15/21 (c)		3,198,690
	5,250,000	Florida Development Finance Corp., Tuscan Isle ChampionsGate Project, Series A (RB) 6.38%, 06/01/23 (c)		3,990,000
	375,000	Florida Development Finance Corp., Tuscan Isle Senior Living Community Project, Series A (RB) 6.00%, 06/01/23 (c)		285,000
		Florida Development Finance Corp., Virgin Trains USA Passenger Rail Project, Series A (RB)
	9,400,000	6.25%, 01/01/20 (c) (p)		8,953,500
	12,950,000	6.38%, 01/01/20 (c) (p)		12,249,923
	19,000,000	6.50%, 01/01/20 (c) (p)		17,901,990

Principal Amount			Value
Florida: (continued)
$	500,000	Florida Higher Educational Facilities Financial Authority, Institute of Technology (RB) 4.00%, 10/01/29 (c)	$	526,425
		Florida Higher Educational Facilities Financial Authority, Jacksonville University Project, Series A1 (RB)
	750,000	4.50%, 06/01/28 (c)		825,525
	500,000	4.75%, 06/01/28 (c)		553,735
	750,000	5.00%, 06/01/28 (c)		836,820
		Highlands County Health Facilities Authority, Trousdale Foundation Properties, Series A (RB)
	1,860,000	6.00%, 04/01/28 (c)		2,072,728
	2,500,000	6.25%, 04/01/28 (c)		2,799,625
	1,500,000	Lake County, Village Veranda at Lady Lake Project, Series A-1 (RB) 7.13%, 01/01/27 (c)		1,546,665
	65,000	Lakes by the Bay South Community Development District (SA) 5.00%, 11/01/22 (c)		67,532
		Lee County Industrial Development Authority, Community Charter Schools, LLC Projects, Series A (RB)
	1,895,000	5.25%, 12/02/19 (c)		1,896,004
	3,500,000	5.38%, 12/02/19 (c)		3,500,560
	1,475,000	5.75%, 06/15/22 (c)		1,495,576
	300,000	Leon County Educational Facilities Authority, Heritage Grove Project (RB) (ACA) 5.13%, 12/02/19 (c)		299,985
		Miami Beach Health Facilities Authority, Mount Sinai Medical Center (RB)
	1,950,000	4.25%, 12/02/19 (c)		1,953,178
	925,000	5.00%, 11/15/24 (c)		1,029,044
	1,910,000	5.00%, 11/15/24 (c)		2,143,784
	250,000	Miami World Center Community Development District (SA) 5.25%, 11/01/27 (c)		274,423
		Miami-Dade County Industrial Development Authority, NCCD-Biscayne Properties LLC Project, Series A (RB)
	1,765,000	5.00%, 06/01/25 (c)		1,810,643
	1,390,000	5.00%, 06/01/25 (c)		1,416,340
	665,000	5.00%, 06/01/25 (c)		695,889
	4,000,000	5.00%, 06/01/25 (c)		4,141,320
		Mid-Bay Bridge Authority, First Senior Lien, Series A (RB)
	500,000	5.00%, 10/01/25 (c)		563,560
	500,000	5.00%, 10/01/25 (c)		569,925
	1,000,000	Mid-Bay Bridge Authority, Second Senior Lien, Series C (RB) 5.00%, 10/01/25 (c)		1,121,310
	545,000	Midtown Miami Community Development District, Infrastructure Project, Series B (SA) 4.25%, 05/01/23 (c)		569,449

Principal
Amount			Value
Florida: (continued)
		Midtown Miami Community Development District, Parking Garage Project, Series A (SA)
$	1,655,000	4.25%, 05/01/23 (c)	$	1,729,243
	1,480,000	5.00%, 05/01/23 (c)		1,561,341
	155,000	North Broward Hospital District, Series B (RB) 5.00%, 01/01/28 (c)		180,857
		Northern Palm Beach County Improvement District (RB)
	200,000	5.00%, 08/01/27 (c)		215,676
	200,000	5.00%, 08/01/27 (c)		217,072
	890,000	Orange County Industrial Development Authority, Series B (RB) 5.00%, 07/01/25 (c)		691,753
		Orlando, Florida Aviation Authority, JetBlue Airways Corp. Project (RB)
	1,740,000	5.00%, 05/15/23 (c)		1,857,259
	1,500,000	5.00%, 05/15/23 (c)		1,625,505
	1,500,000	Palm Beach County Health Facilities Authority, Sinai Residences of Boca Raton Project, Series A (RB) 7.50%, 06/01/22 (c)		1,683,810
		Palm Beach County, Palm Beach Atlantic University Housing Project, Series A (RB)
	2,500,000	5.00%, 04/01/29 (c)		2,756,150
	1,000,000	5.00%, 04/01/29 (c)		1,119,330
	190,000	Palm Cost Park Community Development District (SA) 5.70%, 12/02/19 (c)		190,065
	380,000	Sumter County, Florida Village Community Development District No. 8 (SA) 6.13%, 05/01/20 (c)		388,178
	835,000	Sumter County, Florida Village Community Development District No. 9 (SA) 5.50%, 05/01/22 (c)		885,376
	400,000	Town of Davie, Florida Educational Facilities, Nova Southeastern University Project, Series A (RB) 6.00%, 04/01/23 (c)		449,512
		Village Community Development District No. 12 (SA)
	245,000	3.25%, 05/01/26		253,080
	2,455,000	3.63%, 05/01/26 (c)		2,555,189
	2,460,000	3.88%, 05/01/26 (c)		2,540,590
	995,000	4.25%, 05/01/28 (c)		1,061,944
	1,250,000	4.38%, 05/01/28 (c)		1,337,337
	1,000,000	Volusia County Industrial Development Authority, Woodland Towers Project, Series C (RB) 7.25%, 07/01/24 (c)		1,002,590
				178,042,578

Principal
Amount			Value
Georgia: 0.9%
		Atlanta Development Authority, Senior Health Care Facilities, Series A-1 (RB)
$	1,000,000	6.50%, 01/01/28 (c)	$	1,069,260
	2,725,000	6.75%, 01/01/28 (c)		2,881,333
	6,000,000	7.00%, 01/01/28 (c)		6,371,580
	1,000,000	Burke County Development Authority, Series C (RB) (SAW) 4.13%, 02/01/28 (c)		1,067,480
	720,000	Burke County Development Authority, Series D (RB) 4.13%, 02/01/28 (c)		768,586
		Cobb County Development Authority, Provident Village at Creekside Project, Series A (RB)
	1,000,000	6.00%, 07/01/23 (c)		949,790
	1,000,000	6.00%, 07/01/23 (c)		995,740
	1,000,000	DeKalb County Housing Authority, Baptist Retirement Communities of Georgia, Inc. & Clairmont Crest, Inc., Series A (RB) 5.00%, 01/01/29 (c)		981,800
		Floyd County Development Authority, The Spires at Berry College Project, Series A (RB) (SBG)
	250,000	5.50%, 12/01/24 (c)		259,385
	1,000,000	6.25%, 12/01/24 (c)		1,041,730
	1,000,000	6.50%, 12/01/24 (c)		1,050,470
		Fulton County Residential Care Facilities for the Elderly, Canterbury Court Project, Series A (RB) (SD CRED PROG)
	500,000	5.00%, 04/01/26 (c)		539,650
	500,000	5.00%, 04/01/26 (c)		543,775
	246,000	Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28		283,087
		Macon-Bibb County Urban Development Authority, Academy for Classical Education, Inc., Series A (RB)
	250,000	5.75%, 06/15/27 (c)		258,223
	500,000	5.88%, 06/15/27 (c)		513,065
	1,000,000	6.00%, 06/15/27 (c)		1,021,340
		Marietta Development Authority, Life University, Inc. Project, Series A (RB)
	500,000	5.00%, 11/01/27 (c)		553,730
	750,000	5.00%, 11/01/27 (c)		843,967
	375,000	Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4, Series A (RB) 5.00%, 07/01/25 (c)		410,291
	1,000,000	Oconee County Industrial Development Authority, Series A-1 (RB) 6.25%, 12/01/25 (c)		1,061,770

Principal
Amount			Value
Georgia: (continued)
$	3,850,000	Rockdale County Development Authority, Pratt Paper LLC Project (RB) 4.00%, 01/01/28 (c)	$	4,086,544
				27,552,596
Guam: 0.5%
		A. B. Won Pat International Airport Authority, Series C (RB)
	635,000	5.00%, 10/01/21		663,238
	200,000	6.25%, 10/01/23 (c)		231,028
	1,100,000	Guam Economic Development and Commerce Authority (RB) 5.63%, 11/18/19 (c)		1,099,956
	1,100,000	Guam Government Department of Education, John F. Kennedy Project, Series A (CP) 6.88%, 12/01/20 (c)		1,129,095
	620,000	Guam Government Limited Obligation, Series A (RB) 5.00%, 12/01/26 (c)		693,154
		Guam Government Waterworks Authority, Water and Wastewater System (RB)
	1,375,000	5.00%, 07/01/26 (c)		1,553,062
	500,000	5.25%, 07/01/23 (c)		549,900
	3,530,000	5.50%, 07/01/23 (c)		3,879,082
		Guam Government, Business Privilege Tax, Series A (RB) (AGM)
	125,000	5.00%, 01/01/21		129,449
	500,000	5.00%, 01/01/22 (c)		528,735
	1,390,000	5.13%, 01/01/22 (c)		1,453,328
		Guam Government, Business Privilege Tax, Series B (RB)
	1,280,000	5.00%, 01/01/22 (c)		1,338,496
	330,000	5.00%, 01/01/22 (c)		343,827
		Guam Government, Business Privilege Tax, Series D (RB)
	585,000	5.00%, 11/15/25 (c)		649,707
	1,000,000	5.00%, 11/15/25 (c)		1,120,820
	500,000	5.00%, 11/15/25 (c)		562,560
		Guam Power Authority, Series A (RB)
	345,000	5.00%, 10/01/22 (c)		368,795
	500,000	5.00%, 10/01/27 (c)		570,670
				16,864,902
Hawaii: 0.4%
		Kuakini, Hawaii Health System, Series A (RB)
	985,000	6.30%, 12/02/19 (c)		988,113
	1,675,000	6.38%, 12/02/19 (c)		1,676,256
	3,430,000	State of Hawaii, Department of Budget and Finance (RB) 3.20%, 07/01/29 (c)		3,495,684
		State of Hawaii, Department of Budget and Finance, Series A (RB)
	1,150,000	5.00%, 01/01/25 (c)		1,176,668
	1,400,000	6.25%, 07/01/23 (c)		1,500,702
	2,085,000	6.63%, 07/01/23 (c)		2,233,473
	2,000,000	6.88%, 07/01/23 (c)		2,135,480
				13,206,376

Principal
Amount			Value
Idaho: 0.2%
		Idaho Health Facilities Authority, Madison Memorial Hospital Project (RB)
$	450,000	3.50%, 09/01/26 (c)	$	450,284
	1,135,000	5.00%, 09/01/26 (c)		1,269,112
		Idaho Health Facilities Authority, Terraces of Boise Project, Series A (RB)
	100,000	7.00%, 10/01/24		110,849
	900,000	7.38%, 10/01/24 (c)		994,023
	2,250,000	8.00%, 10/01/24 (c)		2,517,615
	1,000,000	8.13%, 10/01/24 (c)		1,121,990
				6,463,873
Illinois: 12.4%
		Chicago Board of Education, Series A (GO)
	465,000	0.00%, 12/01/27 ^		370,368
	230,000	0.00%, 12/01/28 ^		176,638
	30,000	0.00%, 12/01/30 ^		21,260
	6,115,000	5.00%, 12/01/21 (c)		6,344,679
	15,195,000	5.00%, 12/01/22 (c)		16,017,961
	300,000	5.00%, 12/01/23		334,167
	100,000	5.00%, 12/01/25		116,267
	250,000	5.00%, 12/01/28 (c)		288,548
	250,000	5.00%, 12/01/28 (c)		298,208
	435,000	5.25%, 12/01/21 (c)		453,509
	5,730,000	5.50%, 12/01/21 (c)		6,008,421
	110,000	5.50%, 12/01/25		128,148
	175,000	5.50%, 12/01/26		207,218
	285,000	5.50%, 12/01/26		331,398
	5,200,000	7.00%, 12/01/25 (c)		6,505,512
	14,020,000	7.00%, 12/01/25 (c)		17,051,825
	1,250,000	7.00%, 12/01/27 (c)		1,592,287
		Chicago Board of Education, Series B (GO)
	150,000	4.00%, 12/01/22 (c)		152,564
	1,675,000	5.00%, 12/01/22 (c)		1,778,749
	1,105,000	5.00%, 12/01/22 (c)		1,174,913
	1,500,000	5.00%, 12/01/27		1,743,855
	1,100,000	6.50%, 12/01/26 (c)		1,327,469
		Chicago Board of Education, Series C (GO)
	500,000	5.00%, 12/01/23		550,340
	2,000,000	5.00%, 12/01/27		2,325,140
	6,250,000	5.00%, 12/01/27 (c)		7,216,312
	250,000	5.00%, 12/01/27 (c)		285,338
	5,435,000	5.25%, 12/01/24 (c)		6,014,860
	4,370,000	5.25%, 12/01/24 (c)		4,804,990
	1,065,000	6.00%, 12/01/24 (c)		1,218,711
	750,000	Chicago Board of Education, Series D (GO) (AGM) 5.00%, 12/01/23 (c)		800,025
	2,055,000	Chicago Board of Education, Series E (GO) 5.13%, 12/01/24 (c)		2,274,186
		Chicago Board of Education, Series F (GO)
	2,000,000	5.00%, 12/01/20 (c)		2,045,720
	1,565,000	5.00%, 12/01/20		1,614,657

Principal
Amount			Value
Illinois: (continued)
$	8,500,000	Chicago Board of Education, Series H (GO) 5.00%, 12/01/27 (c)	$	9,484,555
	400,000	Chicago O’Hare International Airport (RB) 5.50%, 01/01/23 (c)		450,816
		Chicago School Reform Board of Trustees, Series A (GO)
	160,000	0.00%, 12/01/21 ^		152,246
	250,000	0.00%, 12/01/23 ^		225,923
	265,000	0.00%, 12/01/25 ^		226,366
	1,160,000	0.00%, 12/01/29 ^		857,414
		Chicago School Reform Board of Trustees, Series B-1 (GO)
	450,000	0.00%, 12/01/21 ^		428,193
	120,000	0.00%, 12/01/22 ^		111,330
	675,000	0.00%, 12/01/24 ^		593,872
	1,555,000	0.00%, 12/01/25 ^		1,328,297
	1,265,000	0.00%, 12/01/26 ^		1,042,664
	835,000	0.00%, 12/01/27 ^		665,069
	690,000	0.00%, 12/01/28 ^		529,913
	645,000	0.00%, 12/01/29 ^		476,752
	1,025,000	0.00%, 12/01/30 ^		726,376
	460,000	0.00%, 12/01/31 ^		313,412
	345,000	Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB) 5.00%, 06/01/21		363,278
		City of Chicago (GO)
	195,000	0.00%, 01/01/28 ^		155,025
	375,000	0.00%, 01/01/33 ^		245,696
	290,000	0.00%, 01/01/34 ^		182,717
		City of Chicago, Modern School Across Chicago Program, Series A (GO)
	915,000	5.00%, 12/01/20 (c)		944,436
	500,000	5.00%, 12/01/20 (c)		516,790
		City of Chicago, Neighborhoods Alive 21 Program, Series B (GO)
	235,000	5.00%, 01/01/25		262,960
	910,000	5.25%, 01/01/25 (c)		1,027,499
	945,000	5.25%, 01/01/25 (c)		1,068,899
	3,980,000	5.50%, 01/01/25 (c)		4,473,281
	855,000	5.50%, 01/01/25 (c)		972,366
	115,000	5.50%, 01/01/25 (c)		131,175
	1,585,000	City of Chicago, O’Hare International Airport, Senior Lien (RB) 5.75%, 01/01/23 (c)		1,784,409
		City of Chicago, Series A (GO)
	140,000	0.00%, 01/01/29 ^		107,103
	905,000	4.63%, 01/01/21 (c)		920,783
	125,000	5.00%, 12/02/19 (c)		125,360
	2,160,000	5.00%, 01/01/21 (c)		2,207,002
	370,000	5.00%, 01/01/21		385,858
	865,000	5.00%, 01/01/22 (c)		904,072
	1,015,000	5.00%, 01/01/22 (c)		1,061,599
	395,000	5.00%, 01/01/23		425,016
	640,000	5.00%, 01/01/24 (c)		694,195
	1,555,000	5.00%, 01/01/24 (c)		1,683,832
	2,935,000	5.00%, 01/01/24 (c)		3,173,322

Principal
Amount			Value
Illinois: (continued)
$	1,000,000	5.00%, 01/01/27	$	1,153,240
	2,000,000	5.00%, 01/01/29 (c)		2,253,280
	2,110,000	5.25%, 01/01/21 (c)		2,166,696
	600,000	5.25%, 01/01/24 (c)		657,756
	280,000	5.25%, 01/01/24 (c)		308,809
	1,120,000	5.25%, 01/01/24 (c)		1,229,883
	150,000	5.25%, 01/01/24 (c)		165,861
	1,150,000	5.25%, 01/01/24 (c)		1,273,855
	880,000	5.38%, 01/01/25 (c)		998,914
	605,000	5.50%, 01/01/25 (c)		677,431
	475,000	5.50%, 01/01/25 (c)		536,893
	1,320,000	5.50%, 01/01/25 (c)		1,494,306
	500,000	5.63%, 01/01/27 (c)		589,580
	1,000,000	5.63%, 01/01/27 (c)		1,188,390
	1,180,000	5.75%, 01/01/27 (c)		1,392,966
	6,505,000	6.00%, 01/01/27 (c)		7,724,037
	870,000	City of Chicago, Series B (GO) 5.00%, 01/01/23		936,111
		City of Chicago, Series C (GO)
	695,000	0.00%, 01/01/30 ^		491,052
	195,000	0.00%, 01/01/32 ^		126,567
	1,800,000	5.00%, 01/01/22 (c)		1,900,224
	1,235,000	5.00%, 01/01/22		1,300,764
	110,000	5.00%, 01/01/22 (c)		115,915
	195,000	5.00%, 01/01/22 (c)		205,370
	1,110,000	5.00%, 01/01/24		1,219,679
	1,760,000	5.00%, 01/01/25		1,969,405
	2,600,000	5.00%, 01/01/26 (c)		2,864,368
	380,000	5.00%, 01/01/26		432,657
		City of Chicago, Series D (GO)
	870,000	5.00%, 12/02/19 (c)		872,097
	345,000	5.00%, 12/02/19 (c)		345,831
	1,045,000	5.50%, 01/01/25 (c)		1,174,517
	710,000	5.50%, 01/01/25 (c)		793,837
	520,000	5.50%, 01/01/25 (c)		588,666
	2,715,000	5.50%, 01/01/25 (c)		3,068,764
		City of Chicago, Series E (GO)
	910,000	5.50%, 01/01/25 (c)		1,014,577
	915,000	5.50%, 01/01/25 (c)		1,032,166
	1,020,000	City of Chicago, Water Revenue, Second Lien (RB) (AMBAC) 5.75%, 11/01/30		1,274,786
		City of Harvey, Series A (GO)
	465,000	5.50%, 12/02/19 (c)		288,300
	3,600,000	5.63%, 12/02/19 (c) (d) *		2,232,000
	625,000	Cook County Community College District No. 508 (GO) 5.25%, 12/01/23 (c)		681,450
	1,020,000	Cook County, Illinois Recovery Zone Facility, Navistar International Corp. Project (RB) 6.75%, 10/15/20 (c)		1,053,201
		Illinois Finance Authority, Admiral Lake Project (RB)
	1,020,000	5.00%, 05/15/24 (c)		1,078,273
	380,000	5.13%, 05/15/24 (c)		399,730
	1,250,000	5.25%, 05/15/24 (c)		1,302,812
	1,000,000	5.25%, 05/15/24 (c)		1,051,350
	300,000	5.50%, 05/15/24 (c)		317,406

Principal
Amount			Value
Illinois: (continued)
$	15,000	Illinois Finance Authority, Central Baptist Village (RB) 5.38%, 12/02/19 (c)	$	15,008
		Illinois Finance Authority, CHF-Cook, LLC-Northeastern University, Series A (RB)
	1,000,000	5.00%, 07/01/25 (c)		963,670
	1,000,000	5.00%, 07/01/25 (c)		1,002,470
	1,000,000	5.00%, 07/01/25 (c)		1,012,410
		Illinois Finance Authority, Franciscan Communities, Inc., Series A (RB)
	705,000	4.75%, 05/15/23 (c)		743,373
	260,000	5.13%, 05/15/23 (c)		275,512
	860,000	5.25%, 05/15/23 (c)		913,681
		Illinois Finance Authority, Friendship Village of Schaumburg (RB)
	7,500,000	5.00%, 02/15/27 (c)		7,397,025
	2,560,000	5.00%, 02/15/27		2,620,979
	8,230,000	5.13%, 02/15/27 (c)		7,985,404
	100,000	Illinois Finance Authority, Greenfields of Geneva Project (RB) 7.10%, 11/01/27 (c)		100,785
		Illinois Finance Authority, Institute of Technology, Series A (RB)
	990,000	5.00%, 12/02/19 (c)		992,871
	2,610,000	5.00%, 12/02/19 (c)		2,617,647
	500,000	Illinois Finance Authority, Intrinsic School Project, Series A (RB) 6.00%, 12/01/25 (c)		529,115
		Illinois Finance Authority, Lutheran Home and Obligated Group (RB)
	500,000	5.50%, 05/15/22 (c)		526,115
	400,000	5.75%, 05/15/22 (c)		414,244
	1,000,000	Illinois Finance Authority, Montgomery Place (RB) 5.25%, 05/15/27 (c)		1,074,520
	1,555,000	Illinois Finance Authority, Navistar International Corp. Project (RB) 6.75%, 10/15/20 (c)		1,605,615
	1,000,000	Illinois Finance Authority, Norwegian American Hospital Inc. (RB) 7.75%, 09/15/20 (c)		1,057,200
		Illinois Finance Authority, Park Place of Elmhurst Project, Series A (RB)
	715,000	6.20%, 05/15/20 (c)		637,737
	230,000	6.24%, 05/15/20 (c)		204,139
	315,000	6.33%, 05/15/20 (c)		278,756
	535,000	6.44%, 05/15/20 (c)		473,026
	537,508	Illinois Finance Authority, Park Place of Elmhurst Project, Series B (RB) 5.63%, 05/15/20		496,883
	475,000	Illinois Finance Authority, Roosevelt University Project (RB) 5.50%, 12/02/19 (c)		475,570
		Illinois Finance Authority, Silver Cross Hospital and Medical Center, Series C (RB)
	230,000	5.00%, 08/15/25 (c)		261,315
	525,000	5.00%, 08/15/25 (c)		587,239

Principal
Amount			Value
Illinois: (continued)
$	880,000	Illinois Finance Authority, Three Crowns Park (RB) 5.25%, 02/15/24 (c)	$	949,837
	100,000	Illinois Finance Authority, Uno Chapter School Network, Inc. Project, Series B (RB) 7.13%, 10/01/21 (c)		106,459
	2,695,000	Illinois Finance Authority, Westminster Village, Series A (RB) (AGM) 5.25%, 05/01/25 (c)		2,937,280
		Illinois Sports Facilities Authority (RB) (AMBAC)
	690,000	0.00%, 06/15/26 ^		583,181
	1,000,000	5.00%, 06/15/24 (c)		1,129,130
		Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB)
	840,000	0.00%, 06/15/29 ^		641,777
	555,000	0.00%, 06/15/30 ^		407,459
	475,000	0.00%, 12/15/30 ^		341,715
	125,000	0.00%, 06/15/31 ^		88,003
	190,000	0.00%, 06/15/34 ^		119,390
	590,000	0.00%, 12/15/34 ^		363,947
	185,000	0.00%, 06/15/37 ^		103,115
	115,000	0.00%, 06/15/39 ^		58,919
	1,500,000	0.00%, 06/15/40 ^		737,955
	4,410,000	5.00%, 06/15/22 (c)		4,632,264
	3,230,000	5.00%, 12/15/25 (c)		3,508,329
	250,000	5.00%, 12/15/27 (c)		276,838
	400,000	5.50%, 06/15/20 (c)		405,608
	1,400,000	5.50%, 12/15/25 (c)		1,558,956
		Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB)
	1,080,000	0.00%, 06/15/28 ^		861,235
	1,065,000	0.00%, 12/15/41 ^		480,272
	720,000	0.00%, 12/15/50 ^		222,250
	15,515,000	0.00%, 12/15/51 ^		4,578,321
	740,000	0.00%, 12/15/54 ^		189,144
	6,780,000	4.25%, 06/15/22 (c)		6,884,073
	1,360,000	5.00%, 12/15/20		1,406,226
	1,450,000	5.00%, 06/15/22 (c)		1,558,982
	1,135,000	5.00%, 06/15/22 (c)		1,188,073
	290,000	5.00%, 06/15/22 (c)		310,761
	3,765,000	5.00%, 06/15/22 (c)		4,031,261
	335,000	5.00%, 12/15/22		362,400
	410,000	5.70%, 06/15/23		462,894
		Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B-2 (RB)
	6,400,000	5.00%, 06/15/20 (c)		6,470,400
	425,000	5.20%, 06/15/20 (c)		430,189
	5,965,000	5.25%, 06/15/20 (c)		6,039,622
	435,000	Northeastern Illinois University, Capital Improvement Project (CP) 4.00%, 10/01/22 (c)		369,359
	230,000	Southwestern Illinois Development Authority (RB) 5.35%, 12/02/19 (c)		168,907

Principal
Amount			Value
Illinois: (continued)
$	430,000	Southwestern Illinois Development Authority, United States Steel Corp. Project (RB) 5.75%, 08/01/22 (c)	$	444,470
		State of Illinois (RB)
	100,000	3.00%, 06/15/26 (c)		96,596
	175,000	3.50%, 06/01/26 (c)		175,067
	1,050,000	3.50%, 06/01/26 (c)		1,053,675
	935,000	3.50%, 06/01/26 (c)		942,293
	150,000	4.00%, 08/01/22 (c)		155,366
	500,000	4.00%, 01/01/26 (c)		519,425
	1,000,000	4.00%, 06/01/26 (c)		1,035,570
	220,000	4.00%, 06/01/26 (c)		228,296
	360,000	4.00%, 06/01/26 (c)		371,480
	460,000	4.00%, 06/01/26 (c)		471,385
	595,000	4.00%, 06/01/26 (c)		611,357
	270,000	4.00%, 06/01/26 (c)		278,019
	160,000	4.13%, 03/01/22 (c)		164,952
	485,000	4.13%, 11/01/26 (c)		508,896
	530,000	4.50%, 11/01/26 (c)		558,217
	155,000	5.00%, 01/01/20 (c)		155,665
	1,240,000	5.00%, 01/01/20 (c)		1,245,865
	100,000	5.00%, 01/01/21		103,380
	750,000	5.00%, 01/01/21		775,350
	100,000	5.00%, 04/01/21		104,101
	505,000	5.00%, 07/01/21		529,326
	1,000,000	5.00%, 02/01/22		1,061,950
	1,020,000	5.00%, 02/01/22		1,083,189
	250,000	5.00%, 03/01/22 (c)		261,860
	100,000	5.00%, 03/01/22 (c)		104,652
	305,000	5.00%, 03/01/22 (c)		318,460
	565,000	5.00%, 03/01/22		601,245
	140,000	5.00%, 03/01/22 (c)		147,931
	55,000	5.00%, 06/01/22		58,889
	100,000	5.00%, 07/01/22		107,286
	1,830,000	5.00%, 08/01/22 (c)		1,950,963
	1,465,000	5.00%, 08/01/22		1,574,890
	3,690,000	5.00%, 02/01/23		4,000,993
	3,235,000	5.00%, 02/01/23		3,507,646
	335,000	5.00%, 05/01/23		365,294
	250,000	5.00%, 07/01/23		273,610
	2,325,000	5.00%, 02/01/24 (c)		2,492,818
	350,000	5.00%, 02/01/24 (c)		382,774
	375,000	5.00%, 02/01/24 (c)		411,184
	2,195,000	5.00%, 02/01/24		2,416,739
	1,100,000	5.00%, 02/01/24 (c)		1,207,954
	1,105,000	5.00%, 02/01/24		1,216,627
	2,350,000	5.00%, 04/01/24 (c)		2,565,565
	585,000	5.00%, 04/01/24 (c)		641,575
	100,000	5.00%, 05/01/24 (c)		108,272
	175,000	5.00%, 05/01/24 (c)		189,754
	580,000	5.00%, 05/01/24		641,700
	2,005,000	5.00%, 05/01/24 (c)		2,197,159
	1,025,000	5.00%, 05/01/24 (c)		1,125,696
	275,000	5.00%, 05/01/24 (c)		299,519
	1,770,000	5.00%, 01/01/26 (c)		1,934,486
	2,750,000	5.00%, 02/01/26		3,125,760
	800,000	5.00%, 06/01/26 (c)		905,032
	125,000	5.00%, 06/01/26		142,726
	1,040,000	5.00%, 06/01/26 (c)		1,174,306

Principal
Amount			Value
Illinois: (continued)
$	625,000	5.00%, 11/01/26 (c)	$	710,763
	1,000,000	5.00%, 11/01/26 (c)		1,135,140
	2,220,000	5.00%, 02/01/27 (c)		2,532,376
	290,000	5.25%, 07/01/23 (c)		314,044
	1,550,000	5.25%, 07/01/23 (c)		1,689,159
	510,000	5.25%, 07/01/23 (c)		554,579
	700,000	5.25%, 02/01/24 (c)		769,223
	2,545,000	5.50%, 07/01/23 (c)		2,814,261
	1,165,000	5.50%, 07/01/23 (c)		1,287,045
	560,000	5.50%, 07/01/23 (c)		607,779
	445,000	5.50%, 01/01/30		543,572
		State of Illinois, Series A (GO)
	1,030,000	4.00%, 01/01/22 (c)		1,054,895
	100,000	4.00%, 01/01/22 (c)		102,053
	190,000	4.00%, 01/01/22 (c)		196,656
	320,000	4.00%, 01/01/22 (c)		328,611
	195,000	5.00%, 04/01/21		202,997
	1,000,000	5.00%, 01/01/22 (c)		1,042,750
	1,000,000	5.00%, 01/01/22 (c)		1,043,390
	110,000	5.00%, 04/01/23 (c)		116,672
	500,000	5.00%, 12/01/27 (c)		564,745
	500,000	5.00%, 12/01/27 (c)		567,895
	500,000	5.00%, 12/01/27		577,915
	1,000,000	5.00%, 05/01/28 (c)		1,134,950
	270,000	5.00%, 05/01/28 (c)		303,818
	365,000	5.00%, 05/01/28 (c)		409,789
	1,000,000	5.00%, 05/01/28 (c)		1,133,960
	1,045,000	5.00%, 05/01/28 (c)		1,202,032
	1,000,000	5.00%, 05/01/28 (c)		1,145,720
	215,000	5.25%, 05/01/22		231,035
	790,000	State of Illinois, Series B (GO) 5.25%, 01/01/21		818,953
	5,000,000	State of Illinois, Series C (GO) 5.00%, 11/01/27 (c)		5,673,000
		State of Illinois, Series D (GO)
	1,815,000	3.25%, 11/01/26		1,838,141
	4,070,000	5.00%, 11/01/23		4,492,018
	3,250,000	5.00%, 11/01/25		3,673,475
	2,190,000	5.00%, 11/01/26		2,490,118
	16,060,000	5.00%, 11/01/27 (c)		18,383,561
	6,000,000	5.00%, 11/01/27		6,882,180
	500,000	Village of Bolingbrook, Special Service Area No. 1 (ST) 5.25%, 03/01/28 (c)		525,765
	360,000	Village of Bridgeview (GO) 5.00%, 12/01/22 (c)		361,300
		Village of Bridgeview, Series A (GO)
	1,175,000	5.50%, 12/02/19 (c)		1,175,129
	4,260,000	5.50%, 06/01/24 (c)		4,332,974
		Will County Community High School District No. 210, Series B (GO)
	90,000	0.00%, 01/01/29 ^		67,621
	245,000	0.00%, 01/01/31 ^		169,724
	540,000	0.00%, 01/01/33 ^		342,095
				401,845,859
Indiana: 1.1%
		Allen County, Storypoint Fort Wayne Project, Series A-1 (RB)
	300,000	6.75%, 01/15/24 (c)		329,382
	225,000	6.88%, 01/15/24 (c)		246,731

Principal
Amount			Value
Indiana: (continued)
		Barrington of Carmel Project, Series A (RB)
$	896,784	7.13%, 11/15/22 (c)	$	23,765
	1,275,226	7.13%, 11/15/22 (c)		33,794
		City of Anderson, Anderson University (RB)
	215,000	4.75%, 10/01/22 (c)		226,496
	1,655,000	6.00%, 10/01/22 (c)		1,758,073
	2,710,000	6.00%, 10/01/22 (c)		2,878,779
	200,000	City of Crown Point, Indiana Economic Development, Series A (RB) 8.00%, 11/18/19 (c)		200,228
	1,000,000	City of Rockport, Indiana Steel Corp. Project, Series A (RB) 7.00%, 02/01/22 (c)		1,027,300
	900,000	City of Valparaiso, Indiana Exempt Facilities Revenue, Pratt Paper, LLC Project (RB) 5.88%, 01/01/24		982,503
	165,000	County of Knox, Indiana Good Samaritian Hospital Project, Series A (RB) 5.00%, 04/01/22 (c)		170,452
	500,000	Indiana Finance Authority, Baptist Healthcare System (RB) 5.00%, 08/15/27 (c)		572,625
		Indiana Finance Authority, Earlham College Project (RB)
	1,105,000	5.00%, 10/01/23 (c)		1,160,482
	50,000	5.00%, 10/01/23 (c)		53,281
		Indiana Finance Authority, King’s Daughters’ Hospital and Health Services (RB)
	765,000	5.13%, 08/15/20 (c)		784,660
	725,000	5.50%, 08/15/20 (c)		745,140
	600,000	5.50%, 08/15/20 (c)		617,418
		Indiana Finance Authority, Ohio River Bridges East End Crossing Project, Series A (RB)
	250,000	5.00%, 07/01/23 (c)		273,065
	2,805,000	5.00%, 07/01/23 (c)		3,046,314
	3,890,000	5.25%, 07/01/23 (c)		4,256,749
		Indiana Finance Authority, Ohio Valley Electric Corp. Project, Series A (RB)
	2,305,000	5.00%, 06/01/22 (c)		2,410,938
	1,575,000	5.00%, 06/01/22 (c)		1,648,647
	10,500,000	Indiana Finance Authority, Res Polyflow Indiana Project (RB) 7.00%, 03/01/26 (c)		10,605,840
		Indiana Finance Authority, United States Steel Corp. Project (RB)
	320,000	5.75%, 08/01/22 (c)		330,768
	1,315,000	6.00%, 06/01/20 (c)		1,336,737
				35,720,167

Principal
Amount			Value
Iowa: 1.9%
$	25,000	City of Coralville, Marriott Hotel & Convention Center, Series E (CP) 4.00%, 06/01/24 (c)	$	25,034
	8,725,000	Iowa Finance Authority, Alcoa, Inc. Project (RB) 4.75%, 08/01/22 (c)		9,093,195
	1,500,000	Iowa Finance Authority, Drake West Village Project, Series A (RB) 4.50%, 06/01/26 (c)		1,467,465
		Iowa Finance Authority, Iowa Fertilizer Co. Project (RB)
	7,165,000	5.25%, 12/01/23 (c)		7,801,825
	2,775,000	5.88%, 11/21/19 (c)		2,916,913
	9,300,000	Iowa Finance Authority, Iowa Fertilizer Co. Project, Series B (RB) 5.25%, 12/01/22 (c) (p)		10,075,992
		Iowa Finance Authority, Lifespace Communities, Inc., Series A (RB)
	3,400,000	5.00%, 05/15/27 (c)		3,789,674
	355,000	5.00%, 05/15/27 (c)		396,904
		Iowa Finance Authority, Northcrest, Inc. Project, Series A (RB)
	500,000	5.00%, 03/01/24 (c)		542,325
	500,000	5.00%, 03/01/24 (c)		547,635
		Iowa Finance Authority, Sunrise Retirement Community Project (RB)
	1,215,000	5.50%, 09/01/20 (c)		1,234,975
	885,000	5.50%, 09/01/20 (c)		900,992
	945,000	5.75%, 09/01/20 (c)		960,885
		Iowa Higher Education Loan Authority, Wartburg College Project (RB)
	875,000	4.00%, 10/01/25		899,369
	3,615,000	5.00%, 10/01/25 (c)		3,761,914
	850,000	5.00%, 10/01/25 (c)		895,679
	180,000	Tobacco Settlement Authority, Series B (RB) 5.60%, 12/02/19 (c)		180,232
		Tobacco Settlement Authority, Series C (RB)
	3,190,000	5.38%, 12/02/19 (c)		3,190,638
	5,585,000	5.50%, 12/02/19 (c)		5,586,061
	6,960,000	5.63%, 12/02/19 (c)		6,961,253
	800,000	Tobacco Settlement Authority, Series D (RB) 0.00%, 12/02/19 (c) ^		151,528
				61,380,488
Kansas: 0.9%
	750,000	City of Lenexa, Health Care Facility, Lake View Village, Inc., Series A (RB) 5.00%, 05/15/25 (c)		841,710
	1,000,000	City of Wichita, Health Care Facilities, Series I (RB) 5.00%, 05/15/25 (c)		1,076,150
	255,000	City of Wichita, Health Care Facilities, Series II-A (RB) 5.25%, 12/01/26 (c)		278,238

Principal Amount			Value
Kansas: (continued)
$	380,000	City of Wichita, Health Care Facilities, Series IV-A (RB) 5.63%, 05/15/24 (c)	$	410,909
		City of Wichita, Kansas Health Care Facilities, Presbyterian Manors, Inc., Series III (RB)
	500,000	5.00%, 05/15/26 (c)		540,530
	250,000	5.00%, 05/15/26 (c)		276,610
	1,000,000	Kansas Development Finance Authority, Village Shalom Project, Series A (RB) 5.25%, 11/15/23 (c)		1,062,920
		Overland Park Development Corp., Series A (RB) (AMBAC)
	100,000	5.13%, 12/16/19 (c)		100,153
	1,000,000	5.25%, 12/16/19 (c)		1,001,660
	7,200,000	Overland Park Development Corp., Series B (RB) (AMBAC) 5.13%, 12/16/19 (c)		7,210,944
	2,550,000	Overland Park, Prairiefire at LionsGate Project (RB) 6.00%, 12/15/22 (c)		1,224,000
	980,000	Wyandotte County, Kansas City Unified Government, Legends Apartments Garage and West Lawn Project (RB) 4.50%, 12/01/26 (c)		1,025,903
	340,000	Wyandotte County, Kansas City Unified Government, Sales Tax (RB) 0.00%, 12/01/27 ^		256,455
		Wyandotte County, Kansas City Unified Government, Vacation Village Project Area 1 and 2A, Series A (RB)
	425,000	5.00%, 09/01/25 (c)		462,298
	6,000,000	5.75%, 09/01/25 (c)		6,599,280
	2,125,000	6.00%, 09/01/25 (c)		2,325,281
	10,000,000	Wyandotte County, Kansas City Unified Government, Vacation Village Project Area 4 (RB) 0.00%, 09/01/34 ^		4,207,600
				28,900,641
Kentucky: 0.7%
	1,000,000	Christian County, Jennie Stuart Medical Center (RB) 5.50%, 02/01/26 (c)		1,122,090
		Kentucky Economic Development Finance Authority, Baptist Life Communities Project, Series A (RB)
	500,000	5.50%, 11/15/26 (c)		424,060
	780,000	6.00%, 11/15/26 (c)		633,173
	570,000	6.25%, 11/15/26 (c)		462,812
	750,000	6.38%, 11/15/26 (c)		608,993
		Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB)
	250,000	5.00%, 05/15/26 (c)		261,318
	350,000	5.00%, 05/15/26 (c)		371,588
	300,000	5.00%, 05/15/26 (c)		321,720

Principal Amount			Value
Kentucky: (continued)
		Kentucky Economic Development Finance Authority, Masonic Homes of Kentucky, Inc. (RB)
$	400,000	5.38%, 11/15/22 (c)	$	421,736
	250,000	5.50%, 11/15/22 (c)		262,273
		Kentucky Economic Development Finance Authority, Next Generation Kentucky Information Highway Project, Series A (RB)
	7,365,000	4.25%, 07/01/25 (c)		7,781,933
	1,585,000	5.00%, 07/01/25 (c)		1,743,120
	1,525,000	5.00%, 07/01/25 (c)		1,670,500
		Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series A (RB)
	150,000	5.00%, 06/01/26		175,214
	750,000	5.25%, 06/01/27 (c)		868,972
	500,000	Kentucky Economic Development Finance Authority, Owensboro Health System, Inc., Series B (RB) 5.00%, 06/01/27 (c)		570,955
		Kentucky Economic Development Finance Authority, Rosedale Green Project (RB)
	510,000	5.50%, 11/15/25 (c)		546,113
	500,000	5.75%, 11/15/25 (c)		536,500
	1,000,000	Kentucky Economic Development Finance Authority, Series A (RB) 5.00%, 08/01/29 (c)		1,183,090
	265,000	Kentucky Municipal Power Agency, Prairie State Project, Series A (RB) 5.00%, 09/01/23		298,236
	335,000	Kentucky Public Transportation Infrastructure Authority, Downtown Crossing Project, Series A (RB) 5.75%, 07/01/23 (c)		375,317
		Louisville and Jefferson County, Metropolitan Government Catholic Health Initiatives, Series A (RB)
	150,000	5.00%, 06/01/22 (c)		163,769
	220,000	5.00%, 06/01/22 (c)		240,194
	1,220,000	Ohio County, Kentucky Pollution Control, Big Rivers Electric Corp. Project, Series A (RB) 6.00%, 07/15/20 (c)		1,243,400
				22,287,076
Louisiana: 0.5%
		Calcasieu Parish Memorial Hospital Service District (RB)
	500,000	5.00%, 12/01/29 (c)		587,640
	500,000	5.00%, 12/01/29 (c)		598,370
		City of Shreveport, Water and Sewer Revenue, Series C (RB)
	470,000	4.00%, 12/01/28 (c)		536,731
	2,235,000	4.00%, 12/01/28 (c)		2,560,997
	100,000	5.00%, 12/01/25		118,965
		Jefferson Parish Hospital Service District No. 2 (RB)
	500,000	5.63%, 07/01/21 (c)		510,890

Principal Amount			Value
Louisiana: (continued)
$	290,000	6.25%, 07/01/21 (c)	$	297,659
	3,490,000	6.38%, 07/01/21 (c)		3,568,455
	100,000	Louisiana Housing Finance Agency, Chateau Project, Series A (RB) 7.25%, 12/02/19 (c)		96,528
	175,000	Louisiana Local Government Environmental Facilities and Community Development Authority, Parc Fontaine Apartments, Series A (RB) 4.25%, 12/01/22 (c)		134,332
	1,000,000	Louisiana Local Government Environmental Facilities and Community Development Authority, St. James Place of Baton Rouge Project, Series A (RB) 6.25%, 11/15/25 (c)		1,119,490
		Louisiana Local Government Environmental Facilities and Community Development Authority, University of Louisiana at Monroe Project, Series A (RB)
	500,000	5.00%, 07/01/29 (c)		537,840
	500,000	5.00%, 07/01/29 (c)		548,105
	3,200,000	Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project (RB) 3.50%, 11/01/27 (c)		3,398,400
	530,000	Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project, Series A (RB) 6.50%, 08/01/20 (c)		549,785
	500,000	Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project, Series A-1 (RB) 6.50%, 11/01/20 (c)		523,720
	400,000	Louisiana Local Government Environmental Facilities and Community Development Authority, Westlake Chemical Corp. Project, Series A-2 (RB) 6.50%, 11/01/20 (c)		418,976
	1,647,254	Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project (RB) 7.75%, 07/01/24 (c) (d) *		16
		Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project, Series A (RB)
	2,259,041	7.50%, 07/01/23 (d) *		23
	1,389,436	8.38%, 07/01/24 (c) (d) *		14

Principal Amount			Value
Louisiana: (continued)
$	350,000	Parish of St. Charles, Valero Project (RB) 4.00%, 06/01/22 (p)	$	369,453
				16,476,389
Maine: 0.5%
	4,500,000	Maine Finance Authority, Solid Disposal Facility (RB) 5.38%, 12/15/26 (c)		4,783,680
	200,000	Maine Health and Higher Educational Facilities Authority, Eastern Maine Medical Center Obligated Group Issue (RB) 6.95%, 07/01/21 (c)		215,788
		Maine Health and Higher Educational Facilities Authority, Eastern Maine Medical Center Obligated Group Issue, Series A (RB)
	1,470,000	4.00%, 07/01/26 (c)		1,529,182
	530,000	4.00%, 07/01/26 (c)		553,786
	645,000	5.00%, 07/01/26 (c)		718,988
	1,000,000	5.00%, 07/01/26 (c)		1,118,290
		Maine Health and Higher Educational Facilities Authority, General Medical Center Issue (RB)
	75,000	5.25%, 07/01/21		78,527
	1,735,000	6.00%, 07/01/21 (c)		1,837,278
	2,220,000	6.75%, 07/01/21 (c)		2,378,819
	50,000	6.95%, 07/01/21 (c)		53,799
	55,000	7.50%, 07/01/21 (c)		60,022
	2,000,000	Rumford, Maine Solid Waste Disposal, Boise Cascade Corp. (RB) 6.88%, 12/02/19 (c)		2,027,960
				15,356,119
Maryland: 1.0%
	1,000,000	Anne Arundel County Consolidated Special Taxing District, The Village at Two Rivers Project (ST) 5.25%, 07/01/24 (c)		1,035,430
		City of Baltimore, Convention Center Hotel (RB)
	2,000,000	5.00%, 09/01/27 (c)		2,260,080
	1,425,000	5.00%, 09/01/27 (c)		1,617,631
	915,000	5.00%, 09/01/27 (c)		1,045,488
	500,000	City of Baltimore, East Baltimore Research Park Project, Series A (RB) 5.00%, 09/01/27 (c)		554,175
	250,000	City of Baltimore, Harbor Point Project (RB) 5.13%, 06/01/26 (c)		267,753
	2,600,000	Frederick County Urbana Community Development Authority, Series B (ST) 5.50%, 07/01/20 (c)		2,651,038
	2,000,000	Frederick County, Maryland Education Facilities Project, Series A (RB) 5.00%, 09/01/27 (c)		2,231,240

Principal Amount			Value
Maryland: (continued)
$	500,000	Howard County, Series A (TA) 4.50%, 02/15/26 (c)	$	529,395
	3,785,000	Maryland Economic Development Corp., CNX Marine Terminal, Inc. Port of Baltimore Facility (RB) 5.75%, 09/01/20 (c)		3,874,137
		Maryland Economic Development Corp., Metro Centre at Owings Mills Project (TA)
	100,000	3.75%, 01/01/27 (c)		104,468
	470,000	4.38%, 01/01/27 (c)		494,304
	530,000	4.50%, 01/01/27 (c)		557,449
	1,000,000	Maryland Economic Development Corp., Purple Line Light Rail Project, Series D (RB) 5.00%, 09/30/26 (c)		1,124,180
	1,120,000	Maryland Economic Development Corp., Transportation Facilities Project, Series A (RB) 5.00%, 06/01/28 (c)		1,352,154
		Maryland Health and Higher Educational Facilities Authority, Mercy Medical Center, Series A (RB)
	400,000	4.00%, 07/01/26 (c)		423,200
	250,000	5.00%, 07/01/26 (c)		286,985
		Maryland Health and Higher Educational Facilities Authority, Meritus Medical Center (RB)
	210,000	4.00%, 07/01/25 (c)		229,347
	145,000	4.25%, 07/01/25 (c)		158,281
	1,500,000	5.00%, 07/01/25 (c)		1,705,920
	500,000	5.00%, 07/01/25 (c)		573,165
	625,000	5.00%, 07/01/25 (c)		724,312
		Maryland Health and Higher Educational Facilities Authority, Western Maryland Health System Issue (RB)
	40,000	5.00%, 07/01/22		43,586
	1,025,000	5.00%, 07/01/24		1,177,971
	500,000	5.25%, 07/01/24 (c)		578,545
		Mayor and Council of Rockville, Ingleside at King Farm Project, Series B (RB)
	1,000,000	5.00%, 11/01/24 (c)		1,100,410
	1,000,000	5.00%, 11/01/24 (c)		1,108,530
		Prince George County, Collington Episcopal Life Care Community, Inc. (RB)
	1,000,000	5.25%, 04/01/27 (c)		1,084,760
	1,000,000	5.25%, 04/01/27 (c)		1,097,560
		Prince George’s County, Suitland-Naylor Road Project (TA)
	500,000	4.75%, 01/01/26 (c)		532,425
	500,000	5.00%, 01/01/26 (c)		534,695
				31,058,614

Principal Amount			Value
Massachusetts: 1.2%
		Massachusetts Development Finance Agency, Boston Medical Center Issue , Series D (RB)
$	285,000	4.00%, 07/01/25 (c)	$	300,008
	2,105,000	5.00%, 07/01/25 (c)		2,368,693
		Massachusetts Development Finance Agency, Boston Medical Center, Series E (RB)
	750,000	4.00%, 07/01/26 (c)		803,460
	550,000	5.00%, 07/01/26 (c)		637,736
		Massachusetts Development Finance Agency, Emerson College (RB)
	705,000	5.00%, 01/01/25 (c)		784,066
	680,000	5.00%, 01/01/25 (c)		753,705
	500,000	5.00%, 01/01/25 (c)		561,830
		Massachusetts Development Finance Agency, Emmanuel College, Series A (RB)
	1,660,000	4.00%, 10/01/26 (c)		1,745,307
	445,000	5.00%, 07/01/22 (c)		488,984
	1,035,000	5.00%, 10/01/26 (c)		1,179,103
		Massachusetts Development Finance Agency, Lawrence General Hospital (RB)
	585,000	5.00%, 07/01/27 (c)		649,683
	1,000,000	5.00%, 07/01/27 (c)		1,115,540
		Massachusetts Development Finance Agency, Lawrence General Hospital, Series A (RB)
	350,000	5.25%, 07/01/24 (c)		388,871
	550,000	5.50%, 07/01/24 (c)		608,988
		Massachusetts Development Finance Agency, Linden Ponds, Inc. Facility (RB)
	500,000	5.00%, 11/15/25 (c)		565,530
	500,000	5.13%, 11/15/25 (c)		564,495
		Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB)
	1,000,000	4.00%, 10/01/22 (c)		1,069,920
	750,000	4.00%, 10/01/22 (c)		815,122
	7,250,000	5.00%, 10/01/22 (c)		7,961,587
	1,000,000	5.00%, 10/01/22 (c)		1,101,130
		Massachusetts Development Finance Agency, Provident Commonwealth Education Resources II Issue, UMass Dartmouth Student Housing Project (RB)
	955,000	5.00%, 10/01/28 (c)		1,111,324
	825,000	5.00%, 10/01/28 (c)		971,751
	1,000,000	Massachusetts Development Finance Agency, South Shore Hospital Issue Series I (RB) 4.00%, 07/01/26 (c)		1,071,120
		Massachusetts Development Finance Agency, Suffolk University (RB)
	740,000	4.00%, 07/01/27 (c)		800,266
	1,000,000	5.00%, 07/01/27 (c)		1,193,260
	3,000,000	5.00%, 07/01/27 (c)		3,544,830
	1,500,000	5.00%, 07/01/27 (c)		1,776,675

Principal Amount			Value
Massachusetts: (continued)
		Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series I (RB)
$	510,000	5.00%, 07/01/26 (c)	$	584,358
	190,000	5.00%, 07/01/26 (c)		226,771
	1,020,000	5.00%, 07/01/26 (c)		1,227,876
		Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series L (RB)
	290,000	3.63%, 07/01/27 (c)		304,778
	550,000	4.00%, 07/01/27 (c)		591,503
	1,510,000	Massachusetts Educational Financing Authority, Series C (RB) 4.13%, 07/01/28 (c)		1,617,150
				39,485,420
Michigan: 1.3%
	290,000	Calhoun County Hospital Finance Authority, Oaklawn Hospital (RB) 5.00%, 02/15/27 (c)		318,658
	990,000	City of Flint Hospital Building Authority, Hurley Medical Center (RB) 7.38%, 07/01/20 (c)		1,022,512
	425,000	City of Flint Hospital Building Authority, Hurley Medical Center, Series B (RB) 4.75%, 07/01/23 (c)		440,309
	120,000	Detroit Local Development Finance Authority, Series A (TA) 5.50%, 12/02/19 (c)		119,233
		Grand Rapids Economic Development Corp., Beacon Hill at EastGate Project, Series A (RB)
	500,000	5.00%, 11/01/24 (c)		531,450
	500,000	5.00%, 11/01/24 (c)		533,210
		Michigan Finance Authority, Lawrence Technological University Project (RB)
	2,000,000	5.00%, 02/01/27 (c)		2,184,940
	900,000	5.25%, 02/01/27 (c)		993,852
		Michigan Finance Authority, Presbyterian Villages of Michigan (RB)
	895,000	4.75%, 11/15/25		966,054
	250,000	5.25%, 11/15/25 (c)		268,840
	300,000	5.50%, 11/15/25 (c)		322,107
		Michigan Finance Authority, Public Lighting Authority Local Project, Series B (RB)
	110,000	5.00%, 07/01/23		122,064
	3,020,000	5.00%, 07/01/24 (c)		3,321,487
	195,000	5.00%, 07/01/24 (c)		215,760
	150,000	5.00%, 07/01/24 (c)		170,043
		Michigan Finance Authority, Thomas M. Cooley Law School Project (RB)
	795,000	5.00%, 07/01/24 (c)		886,822
	1,030,000	6.75%, 07/01/24 (c)		1,082,612

Principal Amount			Value
Michigan: (continued)
$	1,000,000	Michigan Municipal Bond Authority, Series C (RB) (AMBAC) 4.75%, 12/02/19 (c)	$	1,000,590
	455,000	Michigan Solid Waste Disposal, Genesee Power Station Project (RB) 7.50%, 12/02/19 (c)		454,536
	100,000	Michigan State Building Authority, Series F (RB) 4.00%, 10/01/24		107,825
	500,000	Michigan Strategic Fund, Canterbury Health Care Inc. (RB) 5.00%, 07/01/24 (c)		525,665
	1,000,000	Michigan Strategic Fund, Evangelical Homes Project (RB) 5.50%, 06/01/22 (c)		1,049,310
	3,000,000	Michigan Strategic Fund, I-75 Improvement Project (RB) 5.00%, 12/31/28 (c)		3,547,770
		Michigan Tobacco Settlement Finance Authority, Series A (RB)
	285,000	5.13%, 11/18/19 (c)		285,399
	9,650,000	6.00%, 11/18/19 (c)		9,702,689
	3,975,000	6.00%, 11/18/19 (c)		3,996,703
	6,000,000	6.88%, 11/18/19 (c)		6,064,800
	1,205,000	Michigan Tobacco Settlement Finance Authority, Series B (RB) 0.00%, 11/18/19 (c) ^		69,974
	1,400,000	Michigan Tobacco Settlement Finance Authority, Series C (RB) 0.00%, 06/01/33 (c) ^		47,642
	1,000,000	Waterford Chapter Township, Canterbury Health Care, Inc., Series A (RB) 5.00%, 07/01/24 (c)		1,054,310
				41,407,166
Minnesota: 1.0%
		City of Anoka, Homestead at Anoka, Inc. Project (RB)
	500,000	4.25%, 11/01/24 (c)		528,780
	1,000,000	5.50%, 11/01/24 (c)		1,103,910
		City of Apple Valley, Minnesota Senior Living LLC Project, Series B (RB)
	1,000,000	5.00%, 01/01/22 (c)		980,450
	1,015,000	5.00%, 01/01/22 (c)		1,003,327
		City of Apple Valley, PHS Apple Valley Senior Housing, Inc. Orchard Path Project (RB)
	2,920,000	4.38%, 09/01/23 (c)		3,026,960
	940,000	4.50%, 09/01/23 (c)		978,042
		City of Bethel, The Lodge at the Lakes at Stillwater Project (RB)
	500,000	5.00%, 06/01/23 (c)		525,005
	750,000	5.00%, 06/01/23 (c)		790,582
	350,000	5.00%, 06/01/23 (c)		371,235
	500,000	5.25%, 06/01/23 (c)		529,465

Principal Amount			Value
Minnesota: (continued)
		City of Blaine, Crest View Senior Communities Project, Series A (RB)
$	1,355,000	5.75%, 07/01/25 (c)	$	1,379,729
	1,055,000	6.13%, 07/01/25 (c)		1,079,402
	400,000	6.13%, 07/01/25 (c)		410,224
		City of Brooklyn Park, Charter School, Athlos Leadership Academy Project, Series A (RB)
	245,000	5.50%, 07/01/25 (c)		261,006
	250,000	5.50%, 07/01/25 (c)		268,808
	500,000	5.75%, 07/01/25 (c)		535,775
		City of Deephaven, Charter School, Eagle Ridge Academy Project, Series A (RB)
	500,000	5.25%, 07/01/25 (c)		542,400
	1,000,000	5.50%, 07/01/25 (c)		1,090,450
	500,000	City of Forest Lake, International Language Academy, Series A (RB) (SAW) 5.38%, 08/01/27 (c)		553,420
	750,000	City of Ham Lake, Charter School, DaVinci Academy Project, Series A (RB) 5.00%, 07/01/24 (c)		788,055
		City of Maple Grove, Minnesota Health Care Facilities (RB)
	1,000,000	4.00%, 05/01/27 (c)		1,093,360
	625,000	5.00%, 05/01/27 (c)		747,075
	500,000	City of Minneapolis, Charter School, Hiawatha Academies Project, Series A (RB) 5.00%, 07/01/24 (c)		533,095
	1,245,000	City of Rochester, Health Care and Housing Facilities, Series A (RB) 5.00%, 12/01/25 (c)		1,281,727
		City of St. Paul Park, Minnesota Health Care Facilities, Presbyterian Homes Interlude Transitional Care (RB)
	730,000	4.38%, 05/01/23 (c)		747,717
	1,000,000	5.00%, 05/01/23 (c)		1,060,490
		City of St. Paul, Housing and Redevelopment Authority, Series A (RB)
	325,000	5.75%, 09/01/26 (c)		359,882
	500,000	6.00%, 09/01/26 (c)		559,495
	1,100,000	City of Victoria, Minnesota Holy Family Catholic High School Project (RB) 5.00%, 09/01/22 (c)		1,117,578
		City of Wayzata, Folkestone Senior Living Community (RB)
	350,000	4.00%, 08/01/24 (c)		362,971
	500,000	5.00%, 08/01/24 (c)		549,280
	500,000	5.00%, 08/01/24 (c)		550,445
	500,000	City of West St. Paul, Minnesota Housing and Health Care Facilities, Walker Westwood Ridge Campus Project (RB) 5.00%, 11/01/25 (c)		528,040

Principal Amount			Value
Minnesota: (continued)
$	665,000	Duluth Independent School District No. 709, Series A (CP) 4.20%, 03/01/27 (c)	$	709,888
	750,000	Rice County Educational Facility, St. Mary’s School Project (RB) 5.00%, 08/01/22		787,905
	2,500,000	Saint Paul, Minnesota Housing and Redevelopment Authority, Episcopal Homes Project (RB) 5.00%, 05/01/23 (c)		2,608,025
		Township of Baytown, St. Croix Preparatory Academy Project, Series A (RB)
	250,000	4.00%, 08/01/26 (c)		256,683
	865,000	4.25%, 08/01/26 (c)		886,884
				31,487,565
Mississippi: 0.0%
	1,000,000	Mississippi Development Bank, Water and Sewer System (RB) (AGM) 6.88%, 12/01/23 (c)		1,187,230
Missouri: 1.6%
	1,000,000	Citizens Memorial Hospital District of Polk County (RB) 5.00%, 12/02/19 (c)		1,000,600
	495,000	City of Blue Springs, Adams Farm Project, Series A (TA) 4.00%, 06/01/24 (c)		506,212
		City of Liberty, Liberty Commons Project, Series A (TA)
	500,000	5.75%, 06/01/25 (c)		511,200
	500,000	6.00%, 06/01/25 (c)		514,010
		City of St. Ann, Northwest Plaza Development Project, Series A (TA)
	1,500,000	4.63%, 11/01/27 (c)		1,527,525
	1,310,000	5.38%, 11/01/27 (c)		1,334,995
		City of St. Louis, Industrial Development Authority, Ballpark Village Development Project, Series A (RB)
	250,000	4.38%, 11/15/26 (c)		271,640
	500,000	4.75%, 11/15/26 (c)		545,485
		City of St. Louis, Industrial Development Authority, Confluence Academy Project, Series A (RB)
	1,150,000	5.25%, 12/02/19 (c)		1,150,356
	570,000	5.35%, 12/02/19 (c)		570,017
	1,500,000	City of St. Louis, Industrial Development Authority, Ranken-Jordan Project (RB) 5.00%, 11/15/25 (c)		1,649,595
		Grandview Industrial Development Authority, Truman’s Marketplace Project, Series A (TA)
	1,095,000	4.25%, 05/01/25 (c)		1,092,569
	885,000	5.00%, 05/01/25 (c)		901,806

Principal Amount			Value
Missouri: (continued)
		I-470 Western Gateway Transportation Development District, Series A (RB)
$	500,000	4.50%, 12/01/26 (c)	$	520,370
	1,000,000	5.25%, 12/01/26 (c)		1,048,070
	730,000	Industrial Development Authority of the City of St. Louis, Series A (RB) 3.88%, 11/15/26 (c)		792,130
		Kansas City Industrial Development Authority, Kingswood Project (RB)
	2,400,000	5.75%, 11/15/25 (c)		2,197,704
	4,910,000	6.00%, 11/15/25 (c)		4,336,610
	2,810,000	6.00%, 11/15/25 (c)		2,514,528
		Kansas City Land Clearance Redevelopment Authority, Convention Center Hotel Project, Series B (AGM) (TA)
	2,800,000	5.00%, 02/01/28 (c)		3,043,880
	500,000	5.00%, 02/01/28 (c)		552,140
		Kirkwood Industrial Development Authority, Missouri Retirement Community, Series A (RB)
	1,000,000	5.25%, 05/15/27 (c)		1,114,260
	500,000	5.25%, 05/15/27 (c)		568,820
		Lees Summit Industrial Development Authority, John Knox Village, Series A (RB)
	2,250,000	5.00%, 08/15/24 (c)		2,461,500
	1,000,000	5.00%, 08/15/24 (c)		1,091,670
	570,000	5.00%, 08/15/25 (c)		651,037
	200,000	5.00%, 08/15/25 (c)		223,960
	1,250,000	5.25%, 08/15/24 (c)		1,372,000
		Maryland Heights Industrial Development Authority, St. Louis Community Ice Center Project, Series A (RB)
	2,000,000	5.00%, 03/15/28 (c)		2,157,060
	860,000	5.00%, 03/15/28 (c)		937,813
		Missouri Health and Educational Facilities Authority, Lutheran Senior Services Projects, Series C (RB)
	1,000,000	4.00%, 02/01/29 (c)		1,049,950
	1,000,000	4.00%, 02/01/29 (c)		1,054,400
	40,000	Nevada City, Regional Medical Center (RB) (ACA) 4.30%, 12/02/19 (c)		39,335
	860,000	Rolla Industrial Development Authority, Westside Marketplace Redevelopment Project, Series A (TA) 5.38%, 05/01/25 (c)		891,596
		St. Louis County, Industrial Development Authority, Friendship Village St. Louis Obligated Group, Series A (RB)
	500,000	5.00%, 09/01/25 (c)		563,080
	5,500,000	5.13%, 09/01/25 (c)		6,201,800
	3,000,000	5.25%, 09/01/25 (c)		3,393,960

Principal Amount			Value
Missouri: (continued)
$	150,000	St. Louis County, Industrial Development Authority, St. Andrew’s Resources, Series A (RB) 5.00%, 12/01/25 (c)	$	165,057
				50,518,740
Montana: 0.0%
	500,000	Montana Facility Finance Authority, Kalispell Regional Medical Center, Series B (RB) 4.13%, 07/01/28 (c)		526,670
Nebraska: 0.2%
		Central Plains Energy Project, Gas Project Crossover, Series A (RB)
	500,000	5.00%, 09/01/29		619,865
	125,000	5.00%, 09/01/30		156,653
	830,000	5.00%, 09/01/34		1,085,491
	1,185,000	5.00%, 09/01/35		1,562,896
	3,250,000	5.00%, 09/01/42		4,486,852
				7,911,757
Nevada: 0.6%
	500,000	City of Carson, Tahoe Regional Healthcare Project (RB) 5.00%, 09/01/27 (c)		579,035
	4,000,000	City of Reno, Sales Tax, Transportation Rail Access Corridor Project (RB) (AGM) 0.00%, 07/01/38 (c) ^		576,680
	915,000	City of Reno, Tax Increment Senior Lien, Series C (TA) 5.40%, 12/02/19 (c)		906,024
	180,000	Clark County, Special Improvement District No. 159 (SA) 5.00%, 08/01/25 (c)		196,567
	625,000	Henderson Local Improvement District No. T-18 (SA) 4.00%, 09/01/26 (c)		637,994
		North Las Vegas, Special Improvement District No. 64 (SA)
	250,000	4.63%, 12/01/28 (c)		263,508
	500,000	4.63%, 12/01/28 (c)		530,610
		State of Nevada, Department of Business and Industry, Fulcrum Sierra Biofuels, LLC Project (RB)
	500,000	5.88%, 12/15/27		555,965
	4,485,000	6.25%, 12/15/27 (c)		5,214,216
	4,000,000	State of Nevada, Department of Business and Industry, Fulcrum Sierra Holdings, LLC Project (RB) 6.95%, 08/15/28 (c)		4,603,720
		State of Nevada, Department of Business and Industry, Somerset Academy, Series A (RB)
	1,250,000	5.00%, 12/15/25 (c)		1,360,962
	500,000	5.00%, 12/15/25 (c)		538,090
	1,000,000	5.00%, 12/15/25 (c)		1,095,710
	1,000,000	5.13%, 12/15/25 (c)		1,084,700
				18,143,781

Principal Amount			Value
New Hampshire: 0.6%
		National Finance Authority, Vista Project, Series A (RB)
$	810,000	5.25%, 07/01/25 (c)	$	883,224
	1,600,000	5.63%, 07/01/25 (c)		1,761,872
	3,750,000	5.75%, 07/01/25 (c)		4,136,737
	4,000,000	New Hampshire Business Finance Authority, Covanta Project, Series B (RB) 4.63%, 07/01/23 (c)		4,212,120
	870,000	New Hampshire Business Finance Authority, Covanta Project, Series C (RB) 4.88%, 07/01/23 (c)		923,601
	3,750,000	New Hampshire Health and Education Facilities Authority, Elliot Hospital (RB) 5.00%, 10/01/26 (c)		4,344,937
		New Hampshire Health and Education Facilities Authority, Hillside Village, Series A (RB)
	2,950,000	6.13%, 07/01/24 (c)		3,187,327
	500,000	6.13%, 07/01/24 (c)		542,640
	500,000	6.25%, 07/01/24 (c)		543,910
				20,536,368
New Jersey: 6.0%
		Atlantic City (GO)
	25,000	5.00%, 11/01/21		25,820
	50,000	5.00%, 12/01/21		51,704
	115,000	5.00%, 11/01/22		120,551
	65,000	5.00%, 12/01/23 (c)		69,167
		Camden County, New Jersey Improvement Authority, Series A (RB)
	1,000,000	5.00%, 02/15/24 (c)		1,119,320
	1,000,000	5.00%, 02/15/24 (c)		1,114,920
	150,000	5.00%, 02/15/24 (c)		168,792
	1,000,000	5.00%, 02/15/24 (c)		1,133,190
	1,055,000	5.00%, 02/15/24 (c)		1,189,818
		Casino Reinvestment Development Authority (RB)
	2,450,000	5.25%, 11/01/24 (c)		2,656,559
	1,410,000	5.25%, 11/01/24 (c)		1,530,795
	1,000,000	Essex County Improvement Authority, Covanta Project (RB) 5.25%, 07/01/20 (c)		1,023,250
	2,370,000	Gloucester County, New Jersey Pollution Control Financing Authority, Series A (RB) 5.00%, 12/01/24		2,577,588
	470,000	New Jersey Economic Development Authority, Bancroft Neurohealth Project, Series A (RB) 5.00%, 06/01/26 (c)		511,365
	500,000	New Jersey Economic Development Authority, Black Horse EHT Urban Renewal LLC Project, Series A (RB) (SAW) 5.00%, 10/01/27 (c)		501,530

Principal Amount			Value
New Jersey: (continued)
		New Jersey Economic Development Authority, Cigarette Tax Revenue (RB)
$	1,665,000	4.25%, 06/15/22 (c)	$	1,751,130
	1,250,000	5.00%, 06/15/21		1,316,987
	535,000	5.00%, 06/15/22 (c)		571,294
	520,000	5.00%, 06/15/22 (c)		556,431
	1,150,000	5.00%, 06/15/22 (c)		1,237,584
	110,000	5.00%, 06/15/22		119,232
	1,020,000	5.00%, 06/15/22 (c)		1,102,895
	160,000	5.00%, 06/15/22 (c)		172,603
		New Jersey Economic Development Authority, Continental Airlines, Inc. Project (RB)
	2,075,000	5.25%, 08/20/22 (c)		2,268,182
	2,215,000	5.50%, 12/02/19 (c)		2,220,560
	60,000	5.50%, 06/20/23 (c)		66,992
	285,000	5.63%, 03/05/24 (c)		327,331
	350,000	5.63%, 03/05/24 (c)		401,986
	2,795,000	5.75%, 09/15/22 (c)		3,079,810
		New Jersey Economic Development Authority, Health Department and Taxation Division Office Project, Series A (RB)
	500,000	5.00%, 12/15/27 (c)		563,845
	1,130,000	5.00%, 12/15/27 (c)		1,281,205
	55,000	New Jersey Economic Development Authority, Kapkowski Road Landfill Reclamation Improvement District Project (SA) 5.75%, 04/01/31		63,282
		New Jersey Economic Development Authority, Lions Gate Project (RB)
	655,000	4.88%, 01/01/24 (c)		686,695
	500,000	5.00%, 01/01/24 (c)		520,705
	1,800,000	5.25%, 01/01/24 (c)		1,874,808
		New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series A (RB)
	980,000	3.38%, 07/01/27 (c)		1,011,115
	3,055,000	4.00%, 07/01/27 (c)		3,250,459
	1,640,000	4.00%, 07/01/27 (c)		1,752,635
	1,275,000	5.00%, 07/01/27 (c)		1,471,465
	515,000	New Jersey Economic Development Authority, Motor Vehicle Surcharges, Series B (RB) (XLCA) 0.00%, 07/01/26 ^		439,939
	985,000	New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) 4.00%, 11/01/27		1,089,656
		New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB)
	120,000	4.00%, 11/01/25		131,534
	4,000,000	5.00%, 11/01/22		4,390,480
		New Jersey Economic Development Authority, Port Newark Container Terminal LLC Project (RB)
	1,000,000	5.00%, 10/01/27 (c)		1,143,510
	1,000,000	5.00%, 10/01/27 (c)		1,161,860

Principal Amount			Value
New Jersey: (continued)
$	745,000	New Jersey Economic Development Authority, Saint Barnabas Project, Series A (RB) 0.00%, 07/01/21 ^	$	727,366
		New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB)
	1,740,000	5.00%, 12/15/26 (c)		1,965,765
	220,000	5.00%, 12/15/26 (c)		251,904
	1,730,000	New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB) 4.75%, 12/15/26 (c)		1,946,804
		New Jersey Economic Development Authority, School Facilities Construction, Series DDD (RB)
	3,500,000	4.00%, 06/15/27 (c)		3,700,865
	780,000	5.00%, 06/15/27 (c)		909,535
		New Jersey Economic Development Authority, School Facilities Construction, Series EE (RB)
	745,000	5.00%, 03/01/21 (c)		779,367
	845,000	5.25%, 03/01/21 (c)		885,940
		New Jersey Economic Development Authority, School Facilities Construction, Series GG (RB)
	165,000	5.00%, 03/01/21 (c)		172,501
	360,000	5.25%, 03/01/21 (c)		377,201
	210,000	5.25%, 03/01/21 (c)		220,118
	105,000	5.25%, 03/01/21 (c)		110,087
		New Jersey Economic Development Authority, School Facilities Construction, Series II (RB)
	335,000	5.00%, 03/01/22 (c)		358,752
	515,000	5.00%, 03/01/22 (c)		550,458
	435,000	5.00%, 03/01/22 (c)		467,808
	470,000	5.00%, 03/01/22 (c)		504,019
		New Jersey Economic Development Authority, School Facilities Construction, Series KK (RB)
	1,645,000	4.00%, 12/15/27 (c)		1,704,944
	355,000	5.00%, 09/01/22 (c)		380,251
	685,000	5.00%, 09/01/22 (c)		731,272
		New Jersey Economic Development Authority, School Facilities Construction, Series NN (RB)
	650,000	5.00%, 03/01/21		679,900
	3,050,000	5.00%, 03/01/22		3,285,307
	155,000	5.00%, 03/01/23 (c)		168,992
	300,000	5.00%, 03/01/23 (c)		327,636
	265,000	5.00%, 03/01/23 (c)		288,405
	650,000	5.00%, 03/01/23 (c)		711,341
	1,680,000	5.00%, 03/01/23 (c)		1,842,674
	865,000	5.00%, 03/01/23 (c)		952,227
	1,175,000	5.00%, 03/01/23 (c)		1,275,909
		New Jersey Economic Development Authority, School Facilities Construction, Series PP (RB)
	580,000	5.00%, 06/15/24 (c)		644,276
	140,000	5.00%, 06/15/24 (c)		156,393
	920,000	5.00%, 06/15/24 (c)		1,041,734

Principal Amount			Value
New Jersey: (continued)
$	120,000	New Jersey Economic Development Authority, School Facilities Construction, Series RR (RB) 5.00%, 06/15/24 (c)	$	133,062
		New Jersey Economic Development Authority, School Facilities Construction, Series UU (RB)
	4,840,000	5.00%, 06/15/24 (c)		5,301,930
	875,000	5.00%, 06/15/24 (c)		967,540
		New Jersey Economic Development Authority, School Facilities Construction, Series WW (RB)
	405,000	5.00%, 06/15/25 (c)		452,563
	630,000	5.00%, 06/15/25 (c)		702,349
	1,235,000	5.00%, 06/15/25 (c)		1,385,102
	680,000	5.00%, 06/15/25 (c)		761,253
	435,000	5.25%, 06/15/25 (c)		502,086
		New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
	220,000	4.00%, 06/15/24		237,923
	595,000	4.25%, 06/15/25 (c)		652,174
	125,000	4.38%, 06/15/25 (c)		137,326
	1,085,000	5.00%, 06/15/21		1,145,673
	1,000,000	5.00%, 06/15/23		1,113,970
	1,080,000	5.00%, 06/15/24		1,228,943
		New Jersey Economic Development Authority, The Goethals Bridge Replacement Project (RB)
	350,000	5.13%, 01/01/24 (c)		393,568
	900,000	5.38%, 01/01/24 (c)		1,008,360
	500,000	5.50%, 01/01/24 (c)		574,680
	100,000	New Jersey Economic Development Authority, West Campus Housing, LLC, Series A (RB) 4.13%, 07/01/25 (c)		101,994
		New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB)
	550,000	5.00%, 06/15/22		597,487
	150,000	5.00%, 06/15/23		167,096
	265,000	New Jersey Educational Facilities Authority, Higher Educational Capital Improvement, Series A (RB) 5.00%, 09/01/24 (c)		300,025
		New Jersey Educational Facilities Authority, Stockton University Issue, Series A (RB)
	1,000,000	5.00%, 07/01/25		1,172,260
	1,050,000	5.00%, 07/01/26 (c)		1,216,015
	1,000,000	5.00%, 07/01/26 (c)		1,169,540
		New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB)
	630,000	5.00%, 04/01/28 (c)		720,185
	940,000	5.00%, 04/01/28 (c)		1,077,137
	1,000,000	5.00%, 04/01/28 (c)		1,150,090

Principal Amount			Value
New Jersey: (continued)
		New Jersey Health Care Facilities Financing Authority, St. Joseph’s Healthcare System Obligated Group Issue (RB)
$	850,000	3.00%, 07/01/26 (c)	$	853,587
	835,000	3.13%, 07/01/26 (c)		841,538
	845,000	4.00%, 07/01/26 (c)		901,285
	1,750,000	5.00%, 07/01/26 (c)		1,990,922
		New Jersey Health Care Facilities Financing Authority, St. Peter’s University System (RB)
	100,000	5.00%, 07/01/21		104,082
	170,000	6.00%, 07/01/21 (c)		180,107
	1,050,000	6.25%, 07/01/21 (c)		1,113,819
	430,000	New Jersey State Transportation Trust Fund Authority, Series C (RB) (AMBAC) 0.00%, 12/15/24 ^		386,626
		New Jersey Transportation Trust Fund Authority, Series A (RB)
	230,000	0.00%, 12/15/25 ^		199,824
	270,000	0.00%, 12/15/25 ^		234,576
	575,000	0.00%, 12/15/26 ^		482,759
	4,440,000	0.00%, 12/15/28 ^		3,451,301
	870,000	0.00%, 12/15/28 ^		676,268
	325,000	0.00%, 12/15/29 ^		244,215
	2,210,000	0.00%, 12/15/30 ^		1,605,609
	1,780,000	0.00%, 12/15/31 ^		1,252,159
	1,480,000	0.00%, 12/15/32 ^		1,006,977
	1,190,000	0.00%, 12/15/33 ^		781,901
	705,000	0.00%, 12/15/33 ^		463,227
	765,000	0.00%, 12/15/34 ^		484,704
	915,000	0.00%, 12/15/34 ^		579,744
	340,000	0.00%, 12/15/35 ^		206,098
	1,780,000	0.00%, 12/15/37 ^		969,904
	1,115,000	0.00%, 12/15/37 ^		607,552
	605,000	0.00%, 12/15/38 ^		313,886
	705,000	0.00%, 12/15/38 ^		365,768
	1,500,000	0.00%, 12/15/39 ^		745,740
	750,000	0.00%, 12/15/40 ^		357,000
	695,000	4.00%, 12/15/28 (c)		754,965
	1,000,000	4.25%, 12/15/28 (c)		1,078,080
	360,000	5.00%, 06/15/21 (c)		379,541
	5,875,000	5.00%, 06/15/22 (c)		6,228,910
	665,000	5.00%, 06/15/24		758,605
	1,000,000	5.00%, 12/15/28 (c)		1,166,910
	100,000	5.25%, 06/15/21 (c)		105,863
	370,000	5.25%, 06/15/21 (c)		389,814
	430,000	5.25%, 12/15/21		463,613
	100,000	5.25%, 12/15/23		114,081
	310,000	5.50%, 12/15/21		335,839
	205,000	5.50%, 12/15/23		236,777
	250,000	6.00%, 06/15/21 (c)		265,830
		New Jersey Transportation Trust Fund Authority, Series AA (RB)
	220,000	4.00%, 06/15/22 (c)		228,752
	695,000	4.25%, 06/15/24 (c)		725,045
	150,000	4.75%, 06/15/25 (c)		164,345
	1,375,000	4.75%, 06/15/25 (c)		1,497,196
	345,000	5.00%, 06/15/22		375,250

Principal Amount			Value
New Jersey: (continued)
$	265,000	5.00%, 06/15/22 (c)	$	285,249
	425,000	5.00%, 06/15/22 (c)		454,750
	4,710,000	5.00%, 06/15/22 (c)		5,010,121
	1,940,000	5.00%, 06/15/22 (c)		2,073,996
	135,000	5.00%, 06/15/23 (c)		148,792
	640,000	5.00%, 06/15/23 (c)		694,272
	1,115,000	5.00%, 06/15/23 (c)		1,199,383
	200,000	5.00%, 06/15/23 (c)		221,482
	1,620,000	5.00%, 06/15/24 (c)		1,779,343
	1,195,000	5.00%, 06/15/24 (c)		1,303,506
	340,000	5.00%, 06/15/25 (c)		376,370
	665,000	5.00%, 06/15/25 (c)		736,840
	130,000	5.25%, 06/15/23 (c)		142,641
	925,000	5.25%, 06/15/23 (c)		1,019,322
	505,000	5.25%, 06/15/25 (c)		571,276
		New Jersey Transportation Trust Fund Authority, Series B (RB)
	3,425,000	5.00%, 06/15/21 (c)		3,570,049
	835,000	5.25%, 06/15/21 (c)		877,201
		New Jersey Transportation Trust Fund Authority, Series C (RB) (AMBAC)
	250,000	0.00%, 12/15/25 ^		218,518
	985,000	0.00%, 12/15/26 ^		832,817
	185,000	0.00%, 12/15/28 ^		145,103
	265,000	0.00%, 12/15/30 ^		194,650
	365,000	0.00%, 12/15/31 ^		259,847
	5,475,000	0.00%, 12/15/35 ^		3,371,833
	2,245,000	5.25%, 12/15/24 (c)		2,552,565
		New Jersey Transportation Trust Fund Authority, Series D (RB)
	325,000	5.00%, 12/15/24		374,897
	960,000	5.00%, 12/15/24 (c)		1,075,123
	295,000	5.25%, 12/15/23		336,539
	100,000	Newark Housing Port Authority, Marine Terminal Redevelopment Project (RB) 5.25%, 01/01/27		120,938
	1,690,000	Pollution Control Financing Authority, Chambers Project, Series A (RB) 5.00%, 12/01/23		1,819,369
		South Jersey Port Corp., Marine Terminal, Series B (RB)
	500,000	5.00%, 01/01/28 (c)		578,955
	2,000,000	5.00%, 01/01/28 (c)		2,296,120
	1,260,000	5.00%, 01/01/28 (c)		1,475,775
	360,000	5.00%, 01/01/28 (c)		424,019
	750,000	5.00%, 01/01/28 (c)		879,577
		Tobacco Settlement Financing Corp., Series A (RB)
	4,800,000	5.00%, 06/01/28 (c)		5,470,368
	4,000,000	5.25%, 06/01/28 (c)		4,652,760
		Tobacco Settlement Financing Corp., Series B (RB)
	2,315,000	3.20%, 06/01/27		2,366,578
	5,300,000	5.00%, 06/01/28 (c)		5,843,091
				194,735,290

Principal Amount			Value
New Mexico: 0.1%
$	500,000	Farmington, New Mexico Pollution Control, San Juan Project, Series B (RB) 1.88%, 10/01/21 (p)	$	501,565
	695,000	Farmington, New Mexico Pollution Control, San Juan Project, Series F (RB) 6.25%, 06/01/20 (c)		712,924
	1,000,000	New Mexico Hospital Equipment Loan Council, La Vida Expansion Project, Series A (RB) 5.00%, 07/01/26 (c)		1,127,340
	1,000,000	Winrock Town Center Tax Increment Development District No. 1 (TA) 5.75%, 05/01/20 (c)		1,028,910
				3,370,739
New York: 7.5%
		Brooklyn Arena Local Development Corp., Barclays Center (RB)
	270,000	0.00%, 07/15/32 ^		183,125
	370,000	0.00%, 07/15/33 ^		241,629
	4,350,000	0.00%, 07/15/45 ^		1,716,423
		Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB)
	125,000	5.00%, 07/15/26		148,175
	9,980,000	5.00%, 01/15/27 (c)		11,352,949
	500,000	5.00%, 01/15/27 (c)		588,010
	2,350,000	5.00%, 01/15/27 (c)		2,789,262
	760,000	Buffalo and Erie County Industrial Land Development Corp., Series A (RB) 5.00%, 08/01/27 (c)		830,216
		Build NYC Resource Corp., Brooklyn Navy Yard Cogeneration Partners, L.P. Project (RB)
	3,000,000	5.00%, 12/31/28		3,347,370
	8,700,000	5.25%, 12/31/28 (c)		9,774,972
	4,000,000	5.50%, 12/31/28 (c)		4,518,280
	250,000	Build NYC Resource Corp., Metropolitan College of New York Project (RB) 5.25%, 11/01/24 (c)		272,868
		Build NYC Resource Corp., New York Law School Project (RB)
	695,000	4.00%, 01/01/26 (c)		722,237
	1,225,000	5.00%, 01/01/26 (c)		1,367,284
		Build NYC Resource Corp., Pratt Paper, Inc. Project (RB)
	1,050,000	4.50%, 01/01/25		1,161,657
	560,000	5.00%, 11/01/24 (c)		592,379
	600,000	5.00%, 01/01/25 (c)		660,732
	750,000	5.25%, 11/01/24 (c)		808,920
	1,145,000	5.50%, 11/01/24 (c)		1,230,589
	1,100,000	Build NYC Resource Corp., South Bronx Charter School for International Cultures (RB) 5.00%, 04/15/23 (c)		1,150,578

Principal Amount			Value
New York: (continued)
$	1,000,000	Chautauqua Tobacco Asset Securitization Corp. (RB) 5.00%, 06/01/24 (c)	$	1,026,250
		Dutchess County Industrial Development Agency, Bard College Civic Facility, Series A (RB)
	950,000	4.50%, 12/02/19 (c)		949,971
	65,000	4.50%, 12/02/19 (c)		65,026
	400,000	5.00%, 12/02/19 (c)		400,000
		Erie Tobacco Asset Securitization Corp., Series A (RB)
	1,295,000	5.00%, 12/02/19 (c)		1,295,259
	335,000	5.00%, 12/02/19 (c)		335,064
	10,000,000	Erie Tobacco Asset Securitization Corp., Series D (RB) 0.00%, 12/02/19 (c) ^		626,600
	3,285,000	Nassau County Tobacco Settlement Corp., Series A-2 (RB) 5.25%, 11/18/19 (c)		3,283,916
		Nassau County Tobacco Settlement Corp., Series A-3 (RB)
	3,655,000	5.00%, 12/02/19 (c)		3,626,783
	3,905,000	5.13%, 11/18/19 (c)		3,904,844
		New Rochelle Industrial Development Agency (RB)
	2,075,000	5.25%, 01/01/20 (c) (d) *		715,875
	95,000	5.50%, 07/01/19 (c) #		38,000
	2,000,000	New York City Housing Development Corp., 8 Spruce Street, Class E (RB) 3.50%, 05/15/24 (c)		2,083,440
		New York City Industrial Development Agency, Queens Baseball Stadium Project (RB) (AMBAC)
	1,520,000	4.75%, 12/02/19 (c)		1,542,739
	110,000	5.00%, 12/02/19 (c)		111,877
	650,000	5.00%, 12/02/19 (c)		659,984
	100,000	5.00%, 12/02/19 (c)		100,266
	825,000	5.00%, 12/02/19 (c)		827,211
	120,000	5.00%, 12/02/19 (c)		120,329
	2,000,000	New York City Industrial Development Agency, Transportation Infrastructure Properties LLC, Series A (RB) 5.00%, 07/01/22 (c)		2,155,220
		New York City Industrial Development Agency, Yankee Stadium Project (RB) (FGIC)
	1,500,000	4.50%, 12/02/19 (c)		1,502,340
	600,000	5.00%, 12/02/19 (c)		617,688
	410,000	New York City, Series B (GO) 5.00%, 12/01/26 (c)		499,429
	5,000	New York Counties Tobacco Trust II (RB) 5.63%, 12/02/19 (c)		5,018
		New York Counties Tobacco Trust IV (RB)
	10,525,000	0.00%, 11/18/19 (c) ^		579,191
	420,000	5.00%, 11/18/19 (c)		420,025
	745,000	5.00%, 11/18/19 (c)		745,037

Principal Amount			Value
New York: (continued)
$	1,640,000	New York Counties Tobacco Trust V (RB) 0.00%, 11/18/19 (c) ^	$	547,006
		New York Counties Tobacco Trust VI (RB)
	980,000	3.75%, 06/01/26 (c)		933,421
	5,500,000	5.00%, 06/01/26 (c)		5,743,925
		New York Liberty Development Corp., 3 World Trade Center Project (RB)
	24,350,000	5.00%, 11/15/24 (c)		26,871,199
	3,500,000	5.15%, 11/15/24 (c)		3,923,535
	3,700,000	5.38%, 11/15/24 (c)		4,168,161
	1,100,000	7.25%, 11/15/24 (c)		1,309,418
	255,000	New York Liberty Development Corp., 7 World Trade Center Project (RB) 5.00%, 03/15/22 (c)		274,171
	4,500,000	New York Liberty Development Corp., Bank of America Tower at One Bryant Park Project (RB) 2.45%, 03/15/29 (c)		4,548,240
	7,500,000	New York Liberty Development Corp., Bank of America Tower at One Bryant Park Project, Series 3 (RB) 2.80%, 03/15/29 (c)		7,654,050
	480,000	New York State Dormitory Authority, CUNY Student Housing Project (RB) (AMBAC) 5.50%, 07/01/35		659,462
	150,000	New York State Dormitory Authority, Fit Student Housing Corp. (RB) 5.25%, 07/01/31		189,714
	450,000	New York State Dormitory Authority, Montefiore Obligated Group, Series A (RB) 4.00%, 08/01/28 (c)		497,826
		New York State Dormitory Authority, Orange Regional Medical Center (RB)
	300,000	5.00%, 06/01/27 (c)		352,149
	300,000	5.00%, 06/01/27 (c)		360,162
	200,000	New York State Dormitory Authority, Pace University, Series A (RB) 4.25%, 05/01/23 (c)		208,450
	25,000	New York State Dormitory Authority, St. Joseph’s College (RB) 5.25%, 07/01/20 (c)		25,288
	50,000	New York State Dormitory Authority, Yeshiva University, Series A (RB) 5.00%, 11/01/21 (c)		52,048
		New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project (RB)
	7,400,000	5.00%, 08/01/21 (c)		7,745,432
	5,435,000	5.00%, 08/01/21 (c)		5,703,163
	6,190,000	5.00%, 08/01/21		6,511,632

Principal Amount			Value
New York: (continued)
		New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment Project, Series A (RB)
$	1,340,000	4.00%, 07/01/24 (c)	$	1,406,116
	2,410,000	4.00%, 07/01/24 (c)		2,533,850
	835,000	4.00%, 07/01/24 (c)		888,824
	730,000	4.00%, 07/01/24 (c)		778,202
	500,000	4.00%, 07/01/24 (c)		533,990
	420,000	5.00%, 07/01/24 (c)		475,448
	3,255,000	5.00%, 07/01/24 (c)		3,617,509
	5,720,000	5.00%, 07/01/24 (c)		6,326,263
	230,000	5.00%, 07/01/24 (c)		258,400
	6,955,000	5.25%, 07/01/24 (c)		7,766,788
		New York Transportation Development Corp., Terminal One Group Association, L.P. Project (RB)
	15,000	5.00%, 01/01/21		15,588
	1,000,000	5.00%, 01/01/22		1,069,830
	250,000	5.00%, 01/01/23		274,813
	4,000,000	Niagara Area Development Corp., New York Solid Waste Disposal Facility, Series A (RB) 4.75%, 07/01/23 (c)		4,229,280
	495,000	Orange County Industrial Development Agency, The Glen Arden, Inc. Project (RB) 5.70%, 12/02/19 (c)		483,882
		Port Authority of New York and New Jersey, JFK International Air Terminal LLC Project, Series 8 (RB)
	260,000	5.00%, 12/01/20		265,671
	110,000	6.00%, 12/01/20 (c)		115,245
		Suffolk Tobacco Asset Securitization Corp., Series B (RB)
	60,000	5.38%, 12/02/19 (c)		60,019
	4,150,000	6.00%, 12/02/19 (c)		4,156,640
	6,150,000	Suffolk Tobacco Asset Securitization Corp., Series C (RB) 6.63%, 06/01/22 (c)		6,478,717
		Syracuse Industrial Development Agency, Carousel Center Project, Series A (RB)
	200,000	5.00%, 01/01/26 (c)		218,566
	1,950,000	5.00%, 01/01/26 (c)		2,119,708
	3,050,000	5.00%, 01/01/26 (c)		3,374,276
	550,000	5.00%, 01/01/26 (c)		604,918
		Tompkins County Development Corp., Tompkins Cortland Community College Foundation, Inc. Project, Series A (RB)
	345,000	5.00%, 07/01/23 (c)		241,500
	2,260,000	5.00%, 07/01/23 (c)		1,582,000
	1,235,000	5.00%, 07/01/23 (c)		864,500
	1,710,000	TSASC, Inc., Tobacco Settlement Bonds, Series A (RB) 5.00%, 06/01/27 (c)		1,921,630
	200,000	TSASC, Inc., Tobacco Settlement Bonds, Series B (RB) 5.00%, 06/01/21		207,546

Principal Amount			Value
New York: (continued)
$	9,900,000	5.00%, 06/01/27 (c)	$	9,854,856
	5,000,000	5.00%, 06/01/27 (c)		4,991,200
	5,000,000	Tuxedo Farms Local Development Corp. (RB) 6.55%, 05/01/27 (c)		5,971,850
		Ulster County Capital Resource Corp., Woodland Pond of New Paltz Project (RB)
	1,050,000	4.00%, 09/15/24 (c)		1,049,958
	400,000	5.00%, 09/15/24 (c)		409,112
	1,200,000	5.25%, 09/15/24 (c)		1,226,280
	1,000,000	5.25%, 09/15/24 (c)		1,025,830
	1,000,000	5.25%, 09/15/24 (c)		1,030,450
	4,000,000	Westchester County Industrial Development Agency, Million Air Two LLC General Aviation Facilities Project, Series A (RB) 7.00%, 06/01/24 (c)		4,513,280
		Westchester County Local Development Corp., Medical Center (RB)
	320,000	3.75%, 11/01/25 (c)		332,426
	1,445,000	5.00%, 11/01/25 (c)		1,622,851
		Westchester County Local Development Corp., Series A (RB)
	565,000	5.00%, 05/01/24 (c)		629,218
	1,390,000	5.50%, 05/01/24 (c)		1,559,399
	4,575,000	Westchester Tobacco Asset Securitization Corp., Series C (RB) 5.00%, 06/01/23 (c)		4,681,460
				241,741,378
North Carolina: 0.3%
		North Carolina Department of Transportation, I-77 Hot Lanes Project (RB)
	250,000	5.00%, 06/30/25 (c)		280,915
	1,000,000	5.00%, 06/30/25 (c)		1,106,620
	1,225,000	North Carolina Medical Care Commission Retirement Facilities, Galloway Ridge, Series A (RB) 5.00%, 01/01/27 (c)		1,412,278
		North Carolina Medical Care Commission, Lutheran Services for the Aging, Series A (RB)
	245,000	4.75%, 03/01/22 (c)		256,745
	1,330,000	5.00%, 03/01/22 (c)		1,386,512
	820,000	5.00%, 03/01/22 (c)		858,606
	150,000	North Carolina Medical Care Commission, Pennybyrn at Maryfield (RB) 5.00%, 10/01/25		171,095
		North Carolina Medical Care Commission, Retirement Facilities (RB)
	550,000	4.70%, 07/01/25 (c)		585,624
	250,000	5.00%, 10/01/24 (c)		277,828
	250,000	5.00%, 10/01/24 (c)		274,083
	1,395,000	6.00%, 01/01/20 (c)		1,405,546

Principal Amount			Value
North Carolina: (continued)
$	165,000	North Carolina Medical Care Commission, Retirement Facilities, Series A (RB) 5.00%, 10/01/24 (c)	$	180,894
	465,000	North Carolina Medical Care Commission, Salemtowne Project (RB) 5.25%, 10/01/25 (c)		513,300
		North Carolina Turnpike Authority, Triangle Expressway System (RB)
	1,000,000	5.00%, 01/01/27 (c)		1,203,650
	100,000	5.00%, 01/01/29 (c)		124,735
				10,038,431
North Dakota: 0.3%
		City of Grand Forks, Altru Health System Obligated Group (RB)
	25,000	4.00%, 12/01/21 (c)		25,801
	640,000	5.00%, 12/01/21 (c)		676,147
		City of Williston, Eagle Crest Apartments LLC Project (RB)
	615,000	6.25%, 09/01/23 (d) *		270,600
	1,285,000	7.75%, 09/01/23 (c) (d) *		565,400
		County of Grand Forks, Red River BioRefinery, LLC Project (RB)
	1,000,000	5.00%, 09/15/28		991,470
	2,500,000	5.38%, 09/15/28 (c)		2,429,000
		County of Ward, Health Care Facilities, Trinity Obligated Group, Series C (RB)
	2,050,000	5.00%, 06/01/28 (c)		2,300,510
	750,000	5.00%, 06/01/28 (c)		845,655
				8,104,583
Ohio: 6.5%
		Akron Bath Copley Joint Township Hospital District, Summa Health Obligated Group (RB)
	500,000	5.25%, 11/15/26 (c)		589,330
	1,150,000	5.25%, 11/15/26 (c)		1,347,271
		Buckeye, Ohio Tobacco Settlement Financing Authority, Series A-2 (RB)
	24,400,000	5.13%, 11/18/19 (c)		24,433,672
	7,920,000	5.38%, 11/18/19 (c)		7,928,712
	11,460,000	5.75%, 11/18/19 (c)		11,474,440
	24,715,000	5.88%, 11/18/19 (c)		24,873,670
	31,705,000	5.88%, 11/18/19 (c)		31,791,872
	7,385,000	6.00%, 11/18/19 (c)		7,427,094
	15,710,000	6.50%, 11/18/19 (c)		16,066,774
	8,500,000	Buckeye, Ohio Tobacco Settlement Financing Authority, Series A-3 (RB) 6.25%, 06/01/22 (c)		8,707,315
	5,070,000	Buckeye, Ohio Tobacco Settlement Financing Authority, Series B (RB) 0.00%, 11/18/19 (c) ^		310,031
	2,300,000	Buckeye, Ohio Tobacco Settlement Financing Authority, Series C (RB) 0.00%, 11/18/19 (c) ^		100,050
	1,250,000	Butler County Port Authority, Senior Series A (RB) 6.25%, 01/15/24 (c)		1,363,050

Principal Amount			Value
Ohio: (continued)
$	1,400,000	6.38%, 01/15/24 (c)	$	1,515,038
	890,000	6.50%, 01/15/24 (c)		961,414
		Cleveland-Cuyahoga County Port Authority, Playhouse Square Foundation Project (RB)
	750,000	5.25%, 12/01/28 (c)		865,140
	1,740,000	5.50%, 12/01/28 (c)		2,005,594
	900,000	5.50%, 12/01/28 (c)		1,044,972
	1,465,000	Columbus-Franklin County Finance Authority (RB) (SBG) 6.50%, 03/01/25 (c)		1,574,509
		County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
	405,000	4.00%, 02/15/27 (c)		439,425
	510,000	4.75%, 02/15/27 (c)		549,999
	775,000	5.00%, 02/15/27 (c)		864,094
	1,050,000	5.00%, 02/15/27 (c)		1,187,686
	570,000	5.25%, 02/15/27 (c)		654,554
	800,000	5.50%, 02/15/27 (c)		931,288
	825,000	5.50%, 02/15/27 (c)		957,462
		County of Licking, Health Care Facilities, Series A (RB)
	1,555,000	6.00%, 07/01/25 (c)		1,619,812
	1,500,000	6.13%, 07/01/25 (c)		1,574,625
	2,350,000	County of Montgomery, Trousdale Foundation Properties, Series A (RB) 6.00%, 04/01/28 (c)		2,618,769
	750,000	Dayton-Montgomery County Port Authority, Storypoint Troy Project, Series 1 (RB) 7.00%, 01/15/25 (c)		766,215
	400,000	Franklin County, First Community Village Obligated Group (RB) 5.63%, 07/01/20 (c)		407,980
	890,000	Gallia County, Holzer Health System Obligated Group (RB) 8.00%, 07/01/22 (c)		1,001,597
		Hamilton County, Life Enriching Communities Project (RB)
	385,000	5.00%, 01/01/26 (c)		428,447
	2,780,000	5.00%, 01/01/26 (c)		3,072,289
	300,000	5.00%, 01/01/26 (c)		343,104
	250,000	5.00%, 01/01/26 (c)		282,263
	500,000	Hickory Chase Community Infrastructure, Series A (RB) 5.00%, 12/01/29 (c)		516,370
		Lake County, Port and Economic Development Authority, Tapestry Wickliffe, Series A (RB)
	2,200,000	6.50%, 12/01/27 (c)		2,298,054
	5,000,000	6.75%, 12/01/27 (c)		5,204,500
	3,865,000	Montgomery County, Trousdale Foundation Properties, Series A (RB) 6.25%, 04/01/28 (c)		4,328,220

Principal Amount			Value
Ohio: (continued)
		Muskingum County, Ohio Hospital Facilities, Genesis HealthCare System Obligated Group Project (RB)
$	490,000	5.00%, 02/15/23 (c)	$	523,737
	1,530,000	5.00%, 02/15/23 (c)		1,632,433
	490,000	5.00%, 02/15/23 (c)		528,284
	2,270,000	Ohio Air Quality Development Authority, AK Steel Corp. Project, Series A (RB) 6.75%, 02/01/22 (c)		2,338,940
	500,000	Ohio Air Quality Development Authority, American Electric Company Project, Series B (RB) 2.60%, 10/01/24 (c) (p)		505,480
	10,000,000	Ohio Air Quality Development Authority, AMG Vanadium Project (RB) 5.00%, 07/01/29 (c)		11,055,800
	5,500,000	Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%, 09/01/29		5,670,775
		Ohio Air Quality Development Authority, Pratt Paper LLC Project (RB)
	500,000	4.25%, 01/15/28 (c)		539,820
	4,000,000	4.50%, 01/15/28 (c)		4,327,160
	1,100,000	Ohio Airport Special Revenue, Continental Airlines, Inc. Project (RB) 5.38%, 12/02/19 (c)		1,102,992
	795,000	Ohio Water Development Authority, United States Steel Corp. Project (RB) 6.60%, 11/01/21 (c)		831,085
		Southeastern Ohio Port Authority, Hospital Facilities Revenue, Memorial Health System Obligated Group Project (RB)
	250,000	5.00%, 12/01/24 (c)		263,078
	245,000	5.00%, 12/01/24 (c)		267,307
	70,000	5.50%, 12/01/24 (c)		75,797
	710,000	5.75%, 12/01/22 (c)		774,418
	570,000	6.00%, 12/01/22 (c)		615,315
		State of Ohio, Portsmouth Bypass Project (RB)
	800,000	5.00%, 06/30/25 (c)		895,600
	1,525,000	5.00%, 06/30/25 (c)		1,686,757
	1,000,000	Toledo-Lucas County Port Authority, StoryPoint Waterville Project, Series A-1 (RB) 6.38%, 01/15/24 (c)		1,073,420
				209,134,899
Oklahoma: 1.1%
		Comanche County Hospital Authority, Series A (RB)
	300,000	4.25%, 07/01/22 (c)		300,726
	210,000	5.00%, 07/01/22 (c)		220,101

Principal Amount			Value
Oklahoma: (continued)
		Holdenville Public Works Authority, Series A (RB) (AGM)
$	590,000	4.30%, 11/01/24 (c)	$	586,950
	160,000	4.38%, 11/01/24 (c)		158,960
	1,612,366	Kingfisher Hospital Authority (RB) 6.50%, 12/02/19 (c)		1,614,494
		Norman Regional Hospital Authority (RB)
	150,000	4.00%, 09/01/26 (c)		162,200
	1,030,000	5.00%, 09/01/26 (c)		1,217,336
		Oklahoma County Finance Authority, Epworth Villa Project, Series A (RB)
	825,000	5.00%, 04/01/22 (c)		812,303
	175,000	5.00%, 04/01/23		176,048
	1,225,000	5.13%, 04/01/22 (c)		1,173,783
		Oklahoma Development Finance Authority, Inverness Village Community (RB)
	275,000	5.25%, 12/02/19 (c) (d) *		173,250
	1,930,000	5.75%, 01/01/22 (c) (d) *		1,215,900
	1,000,000	6.00%, 01/01/22 (c) (d) *		630,000
		Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB)
	700,000	5.00%, 08/15/28 (c)		841,596
	400,000	5.00%, 08/15/28 (c)		489,640
	4,100,000	5.25%, 08/15/28 (c)		4,868,422
	2,900,000	5.25%, 08/15/28 (c)		3,469,995
	8,500,000	5.50%, 08/15/28 (c)		10,136,165
	2,800,000	5.50%, 08/15/28 (c)		3,360,504
		Payne County Economic Development Authority, Series A (RB)
	239,568	6.00%, 11/01/26 (d) *		1,988
	332,734	6.63%, 11/01/26 (c) (d) *		2,762
	1,996,401	6.88%, 11/01/26 (c) (d) *		16,570
	1,863,308	7.00%, 11/01/26 (c) (d) *		15,465
	765,287	Payne County Economic Development Authority, Series B (RB) 4.75%, 11/21/19 (c) (d) *		6,352
	998,201	Payne County Economic Development Authority, Series B-1 (RB) 5.25%, 11/21/19 (c) (d) *		8,285
	375,000	Rogers County Industrial Development Authority (RB) 3.63%, 04/01/25 (c)		390,533
	2,125,000	Tulsa Municipal Airport Trust, American Airlines, Inc. (RB) 5.00%, 06/01/25 (c) (p)		2,392,729
				34,443,057
Oregon: 0.7%
		Clackamas County Hospital Facility Authority, Mary’s Woods at Marylhurst Project, Series A (RB)
	500,000	5.00%, 05/15/25 (c)		549,385
	425,000	5.00%, 05/15/25 (c)		467,887
	605,000	5.00%, 05/15/25 (c)		667,666

Principal Amount			Value
Oregon: (continued)
$	500,000	Clackamas County Hospital Facility Authority, Mary’s Woods at Marylhurst Project, Series B-3 (RB) 2.60%, 11/21/19 (c)	$	500,115
		Clackamas County Hospital Facility Authority, Willamette View Project, Series A (RB)
	500,000	5.00%, 11/15/25 (c)		566,320
	760,000	5.00%, 11/15/25 (c)		862,638
		Oregon State Business Development Commission, Red Rock Biofuels LLC Clean Energy Project (RB) (SAW)
	7,500,000	6.50%, 04/01/28 (c)		7,067,775
	8,500,000	6.50%, 04/01/28 (c)		8,010,145
	500,000	Polk County Hospital Facility Authority, Dallas Retirement Village Project (RB) 5.38%, 07/01/25 (c)		517,320
		Yamhill County Hospital Authority, Series A (RB)
	1,000,000	5.00%, 11/15/24 (c)		1,105,980
	500,000	5.00%, 11/15/24 (c)		551,755
	300,000	5.00%, 11/15/24 (c)		335,232
				21,202,218
Pennsylvania: 3.0%
	1,645,000	Allegheny County, Pennsylvania Hospital Development Authority, Series A (RB) 5.13%, 12/02/19 (c)		1,515,473
		Allegheny County, Pennsylvania Industrial Development Authority, United States Steel Corp. Project (RB)
	445,000	5.75%, 08/01/22 (c)		459,974
	730,000	6.75%, 11/15/19 (c)		732,920
	1,100,000	6.75%, 12/01/21 (c)		1,158,267
	600,000	6.88%, 11/15/19 (c)		602,250
	1,000,000	Allentown Commercial and Industrial Development Authority, Series A (RB) 6.25%, 07/01/24 (c)		1,021,310
		Allentown Neighborhood Improvement Zone Development Authority (RB)
	2,000,000	5.00%, 05/01/27 (c)		2,235,300
	250,000	5.00%, 05/01/27 (c)		288,033
	500,000	5.00%, 05/01/28 (c)		563,685
	250,000	5.00%, 05/01/28 (c)		291,515
		Allentown Neighborhood Improvement Zone Development Authority, Series A (RB)
	1,915,000	5.00%, 05/01/22 (c)		2,020,593
	150,000	5.00%, 05/01/22 (c)		158,624
	3,980,000	5.00%, 05/01/22 (c)		4,170,005
	1,000,000	Blythe Township Solid Waste Authority (RB) 7.75%, 12/01/27 (c)		1,139,430

Principal Amount			Value
Pennsylvania: (continued)
		Chester County Health and Education Facilities Authority, Immaculata University Project (RB)
$	1,590,000	4.25%, 11/01/27 (c)	$	1,627,890
	3,505,000	5.00%, 11/01/27 (c)		3,735,314
	440,000	Chester County Health and Education Facilities Authority, Simpson Senior Services Project, Series A (RB) 5.25%, 12/01/25 (c)		474,553
		Chester County Industrial Development Authority, Woodland at Greystone Project (SA)
	400,000	5.00%, 03/01/28 (c)		426,604
	400,000	5.13%, 03/01/28 (c)		426,032
		Crawford County Hospital Authority, Meadville Medical Center Project, Series A (RB)
	1,440,000	6.00%, 06/01/26 (c)		1,643,558
	440,000	6.00%, 06/01/26 (c)		505,520
	400,000	Cumberland County Municipal Authority, Asbury Pennsylvania Obligated Group (RB) 5.25%, 01/01/22 (c)		416,188
	500,000	Cumberland County Municipal Authority, Diakon Lutheran Social Ministries Project (RB) 4.00%, 01/01/25 (c)		522,755
		Dauphin County General Authority University, Harrisburg University of Science and Technology Project (RB)
	3,000,000	5.00%, 10/15/27 (c)		3,371,670
	500,000	5.00%, 10/15/27		565,425
	3,850,000	5.13%, 10/15/27 (c)		4,274,963
	315,000	Delaware County Authority, Eastern University (RB) 5.25%, 10/01/22 (c)		318,364
		Delaware County Industrial Development Authority, Chester Community Charter School Project, Series A (RB)
	395,000	5.13%, 06/01/26 (c)		420,221
	720,000	5.25%, 08/15/20 (c)		691,862
	800,000	6.13%, 08/15/20 (c)		802,112
		Delaware River Port Authority, Port District Project (RB)
	100,000	5.00%, 01/01/21		104,156
	100,000	5.00%, 01/01/22		107,669
	840,000	5.00%, 01/01/23 (c)		924,689
	1,080,000	5.00%, 01/01/23 (c)		1,191,175
		Franklin County Industrial Development Authority, Menno-Haven, Inc. (RB)
	215,000	5.00%, 12/01/25 (c)		233,389
	500,000	5.00%, 12/01/25 (c)		544,770
	200,000	Fulton County Industrial Development Authority, The Fulton County Medical Center Project (RB) 5.00%, 07/01/26 (c)		211,552

Principal Amount			Value
Pennsylvania: (continued)
$	1,000,000	Lancaster County Hospital Authority, Brethren Village Project (RB) 5.13%, 07/01/27 (c)	$	1,092,140
	1,100,000	Lehigh County General Purpose Authority, Bible Fellowship Church Homes, Inc. (RB) 5.25%, 07/01/22 (c)		1,125,641
	205,000	Montgomery County Industrial Development Authority, Albert Einstein Healthcare Network Issue, Series A (RB) 4.25%, 01/15/25 (c)		218,366
		Montgomery County Industrial Development Authority, Whitemarsh Continuing Care Retirement Community Project (RB)
	150,000	5.00%, 01/01/25 (c)		155,505
	870,000	5.25%, 01/01/25 (c)		896,857
	820,000	5.38%, 01/01/25 (c)		848,077
		Moon Industrial Development Authority, Baptist Homes Society (RB)
	300,000	5.63%, 07/01/25 (c)		327,624
	590,000	6.00%, 07/01/25 (c)		640,174
		Pennsylvania Economic Development Financing Authority, CarbonLite P, LLC Project (RB)
	1,000,000	5.25%, 06/01/26		1,038,740
	3,000,000	5.75%, 06/01/26 (c)		3,199,980
	2,950,000	Pennsylvania Economic Development Financing Authority, Energy Supply LLC Project, Series A (RB) 6.40%, 09/01/25 (c)		3,190,012
		Pennsylvania Economic Development Financing Authority, Tapestry Moon Senior Housing Project, Series A (RB)
	1,440,000	6.50%, 12/01/28 (c)		1,456,618
	5,470,000	6.75%, 12/01/28 (c)		5,532,413
		Pennsylvania Economic Development Financing Authority, The Pennsylvania Rapid Bridge Replacement Project (RB)
	1,685,000	4.13%, 06/30/26 (c)		1,775,215
	170,000	5.00%, 12/31/20		176,224
	45,000	5.00%, 12/31/22		49,190
	125,000	5.00%, 12/31/23		139,873
	550,000	5.00%, 12/31/24		628,986
	1,105,000	5.00%, 12/31/25		1,290,110
	3,200,000	5.00%, 06/30/26 (c)		3,648,832
	575,000	5.00%, 06/30/26 (c)		671,589
	935,000	5.00%, 06/30/26 (c)		1,097,774
	500,000	5.00%, 06/30/26 (c)		581,885
	500,000	5.00%, 06/30/26 (c)		565,350
	1,965,000	5.00%, 06/30/26 (c)		2,260,025
	410,000	5.00%, 06/30/26 (c)		475,006
	870,000	5.00%, 06/30/26		1,024,016

Principal Amount			Value
Pennsylvania: (continued)
		Pennsylvania Higher Educational Facilities Authority, Delaware Valley College of Science and Agriculture Project, Series LL (RB)
$	230,000	4.00%, 11/01/22 (c)	$	226,789
	250,000	5.00%, 11/01/22 (c)		260,490
	330,000	Philadelphia Authority for Industrial Development, Esperanza Academy Charter School Project (RB) 8.20%, 01/01/23 (c)		363,498
	1,000,000	Philadelphia Authority for Industrial Development, First Philadelphia Preparatory Charter School Project, Series A (RB) 7.25%, 06/15/24 (c)		1,154,300
		Philadelphia Authority for Industrial Development, Greater Philadelphia Health Action, Inc. Project, Series A (RB)
	440,000	6.38%, 06/01/25 (c)		463,852
	440,000	6.50%, 06/01/25 (c)		465,612
	415,000	6.63%, 06/01/25 (c)		440,606
	2,000,000	Philadelphia Authority for Industrial Development, University Square Apartments Project (RB) 5.50%, 12/01/26 (c)		2,122,420
		Philadelphia Authority for Industrial Development, Wesley Enhanced Living Obligation Group, Series A (RB)
	735,000	5.00%, 07/01/27 (c)		834,350
	2,500,000	5.00%, 07/01/27 (c)		2,753,450
	1,000,000	5.00%, 07/01/27 (c)		1,109,170
	1,000,000	Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System Obligated Group (RB) 5.00%, 07/01/27 (c)		1,166,860
		Philadelphia Hospitals and Higher Education Facilities Authority, Temple University Health System Obligated Group, Series A (RB)
	1,240,000	5.00%, 07/01/27 (c)		1,455,152
	220,000	5.00%, 07/01/27 (c)		257,451
	2,020,000	5.63%, 07/01/22 (c)		2,191,033
	1,275,000	5.63%, 07/01/22 (c)		1,389,520
	750,000	Quakertown General Authority Health Facilities, USDA Loan Anticipation Notes, Series A (RB) 3.13%, 11/21/19 (c)		749,677
	250,000	Scranton Redevelopment Authority, Series A (RB) 5.00%, 05/15/24 (c)		258,170
		Susquehanna Area Regional Airport Authority, Series A (RB)
	650,000	5.00%, 01/01/23 (c)		708,845
	1,500,000	5.00%, 01/01/23		1,641,120
	1,210,000	Susquehanna Area Regional Airport Authority, Series B (RB) 4.00%, 01/01/23 (c)		1,253,209

Principal Amount			Value
Pennsylvania: (continued)
$	175,000	Wilson School District (GO) (SAW) 4.00%, 05/15/21 (c)	$	182,270
				95,451,876
Puerto Rico: 4.0%
	5,920,000	Children’s Trust, Tobacco Settlement (RB) 5.63%, 12/02/19 (c)		6,024,843
	23,000,000	Children’s Trust, Tobacco Settlement, Series A (RB) 0.00%, 12/02/19 (c) ^		3,266,230
		Children’s Trust, Tobacco Settlement, Series B (RB)
	50,000,000	0.00%, 12/02/19 (c) ^		1,585,500
	100,000,000	0.00%, 12/02/19 (c) ^		4,938,000
	25,000,000	0.00%, 12/02/19 (c) ^		1,844,750
		Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB)
	25,000	4.00%, 07/01/22		25,844
	1,080,000	4.25%, 07/01/22 (c)		1,105,650
	500,000	5.00%, 07/01/21		519,375
	5,145,000	5.00%, 07/01/22 (c)		5,370,094
	80,000	5.00%, 07/01/22		83,700
	885,000	5.13%, 07/01/22 (c)		925,931
	1,000,000	5.25%, 07/01/22 (c)		1,051,250
	1,055,000	5.25%, 07/01/22 (c)		1,111,706
	6,040,000	5.25%, 07/01/22 (c)		6,334,450
	1,000,000	5.50%, 07/01/22 (c)		1,061,250
	3,195,000	5.75%, 07/01/22 (c)		3,398,681
	3,060,000	6.00%, 12/02/19 (c)		3,102,075
	2,835,000	6.00%, 12/02/19 (c)		2,873,981
	6,505,000	6.00%, 07/01/22 (c)		6,935,956
	200,000	6.13%, 07/01/24		216,250
	100,000	Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, AES Puerto Rico Project (RB) 6.63%, 12/02/19 (c)		102,625
		Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, Ana G. Mendez University System Project (RB)
	500,000	5.00%, 12/02/19 (c)		500,490
	100,000	5.13%, 04/01/22 (c)		101,338
	100,000	5.38%, 04/01/22 (c)		101,250
		Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, University of Sacred Heart Project (RB)
	500,000	4.38%, 10/01/22 (c)		488,325
	500,000	5.00%, 10/01/22 (c)		491,925

Principal Amount			Value
Puerto Rico: (continued)
$	20,000	Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, University Plaza Project, Series A (RB) 5.00%, 01/01/20 (c)	$	20,012
		Puerto Rico Sales Tax Financing Corp. (RB)
	14,383,000	0.00%, 07/01/28 (c) ^		3,757,559
	193,279	0.00%, 08/01/47 ^		51,147
		Puerto Rico Sales Tax Financing Corp., Series A (RB)
	1,662,000	0.00%, 07/01/24 ^		1,458,438
	3,029,000	0.00%, 07/01/27 ^		2,426,714
	7,927,000	0.00%, 07/01/28 (c) ^		4,994,644
	8,574,000	0.00%, 07/01/28 (c) ^		5,966,046
	1,322,000	0.00%, 07/01/28 (c) ^		988,314
	1,212,000	4.33%, 07/01/28 (c)		1,233,198
	2,095,000	4.33%, 07/01/28 (c)		2,131,642
	2,000,000	4.78%, 07/01/28 (c)		2,065,460
		Puerto Rico Sales Tax Financing Corp., Series A-1 (RB)
	8,529,000	0.00%, 07/01/28 (c) ^		1,664,349
	3,644,000	4.50%, 07/01/25 (c)		3,894,270
	6,692,000	4.55%, 07/01/28 (c)		6,856,757
	8,860,000	4.75%, 07/01/28 (c)		9,173,644
	28,749,000	5.00%, 07/01/28 (c)		30,252,573
				130,496,236
Rhode Island: 0.4%
	100,000	Rhode Island Health and Educational Building Corp., Care New England Issue, Series B (RB) 5.00%, 09/01/26		116,657
		Rhode Island Health and Educational Building Corp., Lifespan Obligated Group Issue (RB)
	700,000	4.00%, 05/15/26 (c)		743,967
	250,000	5.00%, 05/15/23		278,235
	690,000	5.00%, 05/15/26 (c)		791,271
		Tobacco Settlement Financing Corp., Series A (RB)
	24,580,000	0.00%, 11/18/19 (c) ^		3,291,754
	115,000	5.00%, 06/01/23		127,980
	2,750,000	5.00%, 06/01/25 (c)		3,063,362
		Tobacco Settlement Financing Corp., Series B (RB)
	2,000,000	4.50%, 06/01/25 (c)		2,076,820
	2,000,000	5.00%, 06/01/25 (c)		2,137,120
				12,627,166
South Carolina: 0.3%
	25,000,000	Connector 2000 Association, Inc., Series A-1 (RB) 0.00%, 04/01/26 (c) ^		2,508,000
		South Carolina Jobs-Economic Development Authority, Hampton Medical Center Project (RB)
	500,000	5.00%, 11/01/24 (c)		548,665
	500,000	5.00%, 11/01/24 (c)		552,145
	500,000	5.00%, 11/01/24 (c)		556,390

Principal Amount			Value
South Carolina: (continued)
		South Carolina Jobs-Economic Development Authority, High Point Academy Project, Series A (RB)
$	500,000	5.75%, 12/15/26 (c)	$	557,945
	500,000	5.75%, 12/15/26 (c)		563,910
	320,000	South Carolina Jobs-Economic Development Authority, The Lutheran Homes of South Carolina, Inc. (RB) 5.00%, 05/01/23 (c)		332,128
		South Carolina Jobs-Economic Development Authority, The Woodlands at Furman (RB)
	795,000	4.00%, 11/15/24 (c)		819,796
	450,000	4.00%, 11/15/24 (c)		463,775
	3,280,000	5.25%, 11/15/24 (c)		3,607,574
				10,510,328
South Dakota: 0.0%
		City of Sioux Falls, Dow Rummel Village Project (RB)
	750,000	5.00%, 11/01/26 (c)		792,067
	500,000	5.00%, 11/01/26 (c)		526,180
				1,318,247
Tennessee: 1.0%
		Blount County, Health and Educational Facilities Board, Series A (RB)
	1,000,000	5.00%, 01/01/25 (c)		1,048,330
	1,150,000	5.00%, 01/01/25 (c)		1,222,381
	3,135,000	Board of the City of Franklin, Health and Educational Facilities, Series A (RB) 7.50%, 06/01/27 (c)		3,490,258
		Bristol Industrial Development Board, Pinnacle Project, Series A (RB)
	2,000,000	5.00%, 12/01/26 (c)		2,067,300
	8,000,000	5.13%, 12/01/26 (c)		8,218,560
	1,500,000	Chattanooga Health Educational & Housing Facility Board, Series A-2 (RB) 5.00%, 08/01/29 (c)		1,774,680
		Chattanooga-Hamilton County, Tennessee Hospital Authority, Series A (RB)
	750,000	5.00%, 10/01/24 (c)		832,860
	615,000	5.00%, 10/01/24 (c)		679,071
	775,000	5.00%, 10/01/24 (c)		867,589
	120,000	Johnson City Health and Educational Facilities Board, Series A (RB) 0.00%, 07/01/27 ^		100,080
		Knox County Health Educational and Housing Facility Board (RB)
	295,000	4.00%, 09/01/26 (c)		312,558
	290,000	4.00%, 09/01/26 (c)		304,819
	2,250,000	5.00%, 04/01/27 (c)		2,609,820
		Memphis-Shelby County Industrial Development Board, Graceland Project, Series A (TA)
	500,000	5.50%, 07/01/27 (c)		555,995
	1,000,000	5.63%, 07/01/27 (c)		1,106,920

Principal Amount			Value
Tennessee: (continued)
$	1,065,000	Metropolitan Government of Nashville and Davidson County, Health and Educational Facilities Board, Lipscomb University Project, Series A (RB) 5.25%, 10/01/29 (c)	$	1,283,059
		Metropolitan Government of Nashville and Davidson County, Health and Educational Facilities Board, Trousdale Foundation Properties, Series A (RB)
	1,000,000	6.00%, 04/01/28 (c)		1,114,370
	2,135,000	6.25%, 04/01/28 (c)		2,390,880
		Shelby County, Tennessee Health, Educational and Housing Facility Board, Trezevant Manor Project, Series A (RB)
	1,225,000	5.38%, 09/01/23 (c)		1,252,697
	200,000	5.50%, 09/01/23 (c)		204,684
		Shelby County, Tennessee Health, Educational and Housing Facility Board, Village at Germantown (RB)
	1,300,000	5.25%, 12/01/22 (c)		1,363,804
	450,000	5.38%, 12/01/22 (c)		473,445
	70,000	Tennessee Energy Acquisition Corp., Series B (RB) 5.63%, 09/01/26		85,490
	160,000	Tennessee Energy Acquisition Corp., Series C (RB) 5.00%, 02/01/23		176,173
				33,535,823
Texas: 4.8%
	115,000	Austin Convention Enterprises, Inc., Series A (RB) 5.00%, 01/01/27 (c)		135,331
		Board of Managers, Joint Guadalupe County, City of Seguin Hospital (RB)
	215,000	5.00%, 12/01/25 (c)		230,456
	610,000	5.00%, 12/01/25 (c)		656,360
	700,000	5.25%, 12/01/25 (c)		783,167
		Central Texas Regional Mobility Authority, Senior Lien (RB)
	1,315,000	3.38%, 01/01/26 (c)		1,336,697
	250,000	5.00%, 01/01/22		268,008
	285,000	5.00%, 01/01/26 (c)		330,469
	200,000	5.00%, 01/01/26 (c)		227,508
	850,000	5.00%, 01/01/26 (c)		1,000,331
	400,000	5.00%, 01/01/26 (c)		459,536
	545,000	6.00%, 01/01/21 (c)		574,861
	810,000	6.25%, 01/01/21 (c)		856,705
		Central Texas Regional Mobility Authority, Senior Lien, Series A (RB)
	1,305,000	5.00%, 01/01/23 (c)		1,413,250
	1,270,000	5.00%, 01/01/23 (c)		1,388,085
	565,000	5.00%, 07/01/25 (c)		638,055
	805,000	5.00%, 07/01/25 (c)		916,645
	120,000	5.00%, 07/01/25 (c)		139,733

Principal Amount			Value
Texas: (continued)
		Central Texas Regional Mobility Authority, Subordinated Lien (RB)
$	360,000	5.00%, 01/01/23 (c)	$	389,675
	400,000	5.00%, 01/01/23 (c)		436,804
	25,000	Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24		28,971
	2,050,000	City of Houston, Continental Airlines, Inc., Terminal Improvement Projects (RB) 6.50%, 07/15/21 (c)		2,197,784
		City of Houston, Texas Airport System Special Facilities, United Airlines, Inc. (RB)
	7,630,000	4.75%, 07/01/24		8,299,685
	650,000	5.00%, 07/01/24 (c)		726,407
	1,000,000	5.00%, 07/15/28		1,197,820
		City of Houston, Texas Airport System Special Facilities, United Airlines, Inc., Series B-1 (RB)
	2,000,000	5.00%, 07/15/25 (c)		2,235,160
	600,000	5.00%, 07/15/25 (c)		674,454
		Clifton Higher Education Finance Corp., Series A (RB)
	730,000	5.13%, 08/15/25 (c)		794,744
	610,000	5.50%, 08/15/25 (c)		668,963
		Clifton Higher Education Finance Corp., Series D (RB)
	500,000	5.75%, 08/15/25 (c)		557,000
	500,000	6.00%, 08/15/25 (c)		557,945
	3,010,000	6.13%, 08/15/25 (c)		3,358,347
	850,000	Dallas County Flood Control District No. 1 (GO) 5.00%, 04/01/23 (c)		902,734
	360,000	Grand Parkway Transportation Corp., Series A (RB) 5.50%, 10/01/23 (c)		405,014
	2,665,000	Gulf Coast Industrial Development Authority, CITGO Petroleum Corp. Project (RB) 4.88%, 10/01/22 (c)		2,720,992
		Harris County, Houston Sports Authority, Series A-3 (RB)
	335,000	0.00%, 11/15/24 (c) ^		151,108
	100,000	0.00%, 11/15/24 (c) ^		57,412
		Harris County, Houston Sports Authority, Series H (RB)
	250,000	0.00%, 11/15/23 ^		228,810
	675,000	0.00%, 11/15/23 ^		633,258
	495,000	0.00%, 11/15/25 ^		429,749
	590,000	0.00%, 11/15/27 ^		481,540
	1,405,000	0.00%, 11/15/29 ^		1,060,972
	115,000	0.00%, 11/15/30 ^		83,235
	150,000	0.00%, 11/15/31 (c) ^		72,360
	100,000	0.00%, 11/15/31 (c) ^		66,156
	145,000	0.00%, 11/15/31 (c) ^		61,487
	490,000	0.00%, 11/15/31 (c) ^		182,300
	170,000	0.00%, 11/15/31 (c) ^		67,529

Principal Amount			Value
Texas: (continued)
$	675,000	La Vernia Higher Education Finance Corp., Meridian World School, Series A (RB) 5.50%, 08/15/24 (c)	$	730,822
		Love Field Airport Modernization Corp., Southwest Airlines Co. (RB)
	450,000	5.00%, 11/01/22 (c)		489,506
	280,000	5.00%, 11/01/22		308,804
	895,000	5.25%, 11/01/20 (c)		926,173
	175,000	Matagorda County District No. 1, Pollution Control, Series A (RB) (AMBAC) 4.40%, 05/01/30		207,764
	105,000	Matagorda County District No. 1, Pollution Control, Series B (RB) (AMBAC) 4.55%, 05/01/30		122,921
		Mesquite Health Facility Development Corp., Christian Care Centers, Inc. Project (RB)
	770,000	5.00%, 02/15/26 (c)		778,624
	700,000	5.13%, 02/15/24 (c)		708,925
	1,150,000	5.13%, 02/15/24 (c)		1,125,240
	235,000	New Hope Cultural Education Facilities Finance Corp., 4-K Housing, Inc. Stoney Brook Project, Series B (RB) 5.00%, 07/01/25 (c)		202,389
	1,160,000	New Hope Cultural Education Facilities Finance Corp., Bridgemoor Plano Project, Series A (RB) 7.25%, 12/01/25 (c)		1,228,637
	750,000	New Hope Cultural Education Facilities Finance Corp., Bridgemoor Plano Project, Series D (RB) 12.00%, 12/01/25 (c)		770,542
	50,000	New Hope Cultural Education Facilities Finance Corp., Cardinal Bay, Inc., Series B (RB) 4.00%, 07/01/26 (c)		49,906
	230,000	New Hope Cultural Education Facilities Finance Corp., Carillon Lifecare Community Project (RB) 5.00%, 07/01/24 (c)		238,818
	1,500,000	New Hope Cultural Education Facilities Finance Corp., CHF-Collegiate Housing College Station I LLC, Series A (RB) 5.00%, 04/01/24 (c)		1,600,890
	3,020,000	New Hope Cultural Education Facilities Finance Corp., CHF-Collegiate Housing Island Campus II, LLC, Series A (RB) 5.00%, 04/01/26 (c)		3,033,016
		New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center, Series A (RB)
	1,375,000	4.00%, 08/15/21 (c)		1,399,337

Principal Amount			Value
Texas: (continued)
$	250,000	4.25%, 08/15/21 (c)	$	255,370
	1,000,000	5.00%, 08/15/21 (c)		1,020,930
	1,000,000	5.13%, 08/15/21 (c)		1,022,890
		New Hope Cultural Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB)
	250,000	5.25%, 02/15/23 (c)		264,530
	1,515,000	6.00%, 02/15/23 (c)		1,606,021
	1,000,000	6.00%, 02/15/23 (c)		1,076,810
	2,950,000	New Hope Cultural Education Facilities Finance Corp., Longhorn Village Project (RB) 5.00%, 01/01/24 (c)		3,197,534
		New Hope Cultural Education Facilities Finance Corp., MRC Crestview Project (RB)
	1,460,000	5.00%, 11/15/24 (c)		1,569,266
	100,000	5.00%, 11/15/24 (c)		110,253
		New Hope Cultural Education Facilities Finance Corp., MRC Senior Living-The Langford Project, Series A (RB)
	975,000	5.38%, 11/15/26 (c)		1,047,169
	2,275,000	5.50%, 11/15/26 (c)		2,412,205
	750,000	5.50%, 11/15/26 (c)		798,945
		New Hope Cultural Education Facilities Finance Corp., NCCD-College Station Properties LLC, Series A (RB)
	115,000	5.00%, 07/01/24		107,592
	440,000	5.00%, 07/01/25 (c)		407,827
	100,000	5.00%, 07/01/25 (c)		92,995
	500,000	5.00%, 07/01/25 (c)		466,025
	2,000,000	Newark Higher Education Finance Corp., Series A (RB) 5.13%, 08/15/22 (c)		2,050,580
	1,050,000	North East Texas Regional Mobility Authority, Series A (RB) 5.00%, 01/01/26 (c)		1,181,040
		North East Texas Regional Mobility Authority, Series B (RB)
	600,000	5.00%, 01/01/26 (c)		670,920
	400,000	5.00%, 01/01/26 (c)		450,208
	500,000	Port Beaumont Navigation District, Allegiant Industrial Island Park Project (RB) 8.00%, 02/01/26 (c)		525,885
		Pottsboro Higher Education Finance Corp., Imagine International Academy of North Texas LLC, Series A (RB)
	400,000	5.00%, 08/15/26 (c)		424,016
	400,000	5.00%, 08/15/26 (c)		430,912
	2,150,000	Red River Health Facilities Development Corp., MRC Crossing Project, Series A (RB) 8.00%, 11/15/24 (c)		2,558,822

Principal Amount			Value
Texas: (continued)
$	1,075,000	Sam Rayburn Municipal Power Agency, Power Supply System (RB) 5.00%, 10/01/21	$	1,146,197
	9,900,000	Sanger Industrial Development Corp., Texas Pellets Project, Series B (RB) 8.00%, 07/01/22 (c) (d) *		2,475,000
	750,000	Tarrant County Cultural Education Facilities Finance Corp. Series A (RB) 5.00%, 11/15/25 (c)		799,755
	1,540,000	Tarrant County Cultural Education Facilities Finance Corp. Series B (RB) 5.00%, 11/15/25 (c)		1,624,315
		Tarrant County Cultural Education Facilities Finance Corp., Air Force Villages Obligated Group Project (RB)
	1,000,000	5.00%, 05/15/24 (c)		1,079,420
	125,000	5.00%, 05/15/24 (c)		136,416
		Tarrant County Cultural Education Facilities Finance Corp., Buckingham Senior Living Community, Inc. Project, Series A (RB)
	100,000	5.25%, 11/15/25 (c) (d) *		70,000
	800,000	5.50%, 11/15/25 (c) (d) *		560,000
	690,000	Tarrant County Cultural Education Facilities Finance Corp., Buckingham Senior Living Community, Inc. Project, Series B-1 (RB) 4.50%, 12/02/19 (c) (d) *		483,000
		Tarrant County Cultural Education Facilities Finance Corp., Buckner Senior Living, Ventana Project, Series A (RB)
	4,850,000	6.63%, 05/15/27 (c)		5,616,057
	2,150,000	6.75%, 05/15/27 (c)		2,463,448
	1,000,000	6.75%, 05/15/27 (c)		1,149,240
		Tarrant County Cultural Education Facilities Finance Corp., C.C. Young Memorial Home Project, Series A (RB)
	1,595,000	6.38%, 02/15/27 (c)		1,776,686
	3,010,000	6.38%, 02/15/27 (c)		3,344,983
	2,130,000	Tarrant County Cultural Education Facilities Finance Corp., Northwest Senior Housing Corp. Edgemere Project (RB) 5.25%, 05/15/27 (c)		2,266,000
	2,975,000	Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility (RB) 4.00%, 05/15/24 (c)		3,140,112
		Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility, Series A (RB)
	240,000	8.00%, 12/02/19 (c) (d) *		228,000
	170,000	8.25%, 12/02/19 (c) (f)		161,500
	1,480,000	8.25%, 12/02/19 (c) (f)		1,406,000

Principal Amount			Value
Texas: (continued)
$	891,899	Tarrant County Cultural Education Facilities Finance Corp., SQLC Senior Living Center at Corpus Christo, Inc., Series A (RB) 5.00%, 05/15/27 (c)	$	8,919
	1,375,000	Tarrant County Cultural Education Facilities Finance Corp., Stayton at Museum Way Project, Series A (RB) 8.00%, 12/02/19 (c) (f)		1,306,250
		Texas Municipal Gas Acquisition and Supply Corp. III, Gas Supply (RB)
	1,490,000	5.00%, 12/15/21		1,593,585
	1,265,000	5.00%, 12/15/22 (c)		1,377,560
	1,720,000	5.00%, 12/15/22 (c)		1,877,002
	1,285,000	5.00%, 12/15/22 (c)		1,396,923
	175,000	5.00%, 12/15/22 (c)		189,730
	790,000	5.00%, 12/15/22 (c)		857,821
	750,000	5.00%, 12/15/22 (c)		819,967
	1,280,000	5.00%, 12/15/22 (c)		1,407,898
	1,715,000	5.00%, 12/15/22		1,886,208
	1,445,000	5.00%, 12/15/22 (c)		1,587,607
	1,245,000	5.00%, 12/15/22 (c)		1,362,989
	1,360,000	5.00%, 12/15/22 (c)		1,491,893
		Texas Private Activity Bond Surface Transportation Corp., Blueridge Transportation Group LLC Project (RB)
	250,000	5.00%, 12/31/25 (c)		278,148
	460,000	5.00%, 12/31/25 (c)		512,997
	230,000	5.00%, 12/31/25 (c)		258,039
		Texas Private Activity Bond Surface Transportation Corp., LBJ Infrastructure Group LLC Project, Senior Lien (RB)
	150,000	7.00%, 06/30/20 (c)		155,874
	1,785,000	7.00%, 06/30/20 (c)		1,851,848
	1,095,000	7.50%, 06/30/20 (c)		1,141,888
	1,070,000	7.50%, 06/30/20 (c)		1,116,181
		Texas Private Activity Bond Surface Transportation Corp., NTE Mobility Partners LLC Project (RB)
	5,000,000	5.00%, 06/30/29 (c)		5,832,700
	515,000	7.00%, 09/01/23 (c)		604,152
	230,000	7.50%, 12/31/19 (c)		232,415
		Texas Transportation Commission, Central Texas Turnpike System, Series C (RB)
	7,100,000	5.00%, 08/15/24 (c)		7,992,044
	1,500,000	5.00%, 08/15/24 (c)		1,676,265
	600,000	5.00%, 08/15/24 (c)		681,510
	850,000	5.00%, 08/15/24 (c)		962,353
		Town of Westlake, Solana Public Improvement District (SA)
	1,000,000	6.13%, 09/01/25 (c)		1,036,240
	1,000,000	6.25%, 09/01/25 (c)		1,037,860
	1,000,000	6.38%, 09/01/25 (c)		1,044,020
	4,980,000	Woodloch Health Facilities Development Corp., Series A-1 (RB) 6.75%, 06/01/20 (c)		4,194,106
				156,453,792

Principal Amount			Value
Utah: 0.3%
		Utah Charter School Finance Authority, Freedom Academy Foundation Project (RB)
$	1,500,000	5.25%, 06/15/27 (c)	$	1,577,700
	6,505,000	5.38%, 06/15/27 (c)		6,795,643
				8,373,343
Vermont: 0.1%
	1,100,000	Vermont Economic Development Authority, Wake Robin Corp. Project (RB) 5.40%, 05/01/22 (c)		1,148,917
	910,000	Vermont Economic Development Authority, Wake Robin Corp. Project, Series A (RB) 5.00%, 05/01/27 (c)		998,643
				2,147,560
Virgin Islands: 1.0%
	720,000	Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note (RB) 4.25%, 12/02/19 (c)		728,028
		Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note, Series C (RB)
	450,000	4.50%, 10/01/24 (c)		418,500
	1,500,000	5.00%, 10/01/24 (c)		1,500,000
	4,250,000	5.00%, 10/01/24 (c)		4,210,135
	185,000	Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Loan Note, Cruzan Project, Series A (RB) 6.00%, 12/02/19 (c)		185,000
		Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Loan Note, Diageo Project, Series A (RB)
	110,000	6.63%, 12/02/19 (c)		110,279
	1,840,000	6.75%, 12/02/19 (c)		1,843,533
		Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Senior Lien, Series A (RB)
	4,265,000	5.00%, 10/01/20 (c)		4,283,681
	3,870,000	5.00%, 10/01/20 (c)		3,894,497
		Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Senior Lien, Series A-1 (RB)
	155,000	4.50%, 12/02/19 (c)		154,225
	1,125,000	5.00%, 12/02/19 (c)		1,126,406
		Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Senior Lien, Series B (RB)
	1,270,000	5.00%, 12/02/19 (c)		1,272,388
	1,085,000	5.00%, 12/02/19 (c)		1,085,684
	465,000	5.00%, 10/01/20 (c)		467,530
	3,135,000	5.25%, 10/01/20 (c)		3,152,054

Principal Amount			Value
Virgin Islands: (continued)
$	270,000	Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Subordinate Lien, Series C (RB) 5.00%, 12/02/19 (c)	$	270,675
		Virgin Islands Water and Power Authority, Series A (RB)
	315,000	4.00%, 07/01/21		305,433
	330,000	5.00%, 12/02/19 (c)		320,183
	65,000	5.00%, 12/02/19 (c)		62,563
		Virgin Islands Water and Power Authority, Series B (RB)
	170,000	5.00%, 12/02/19 (c)		160,225
	5,410,000	5.00%, 12/02/19 (c)		5,017,775
	1,170,000	5.00%, 12/02/19 (c)		1,117,350
	1,070,000	5.00%, 12/02/19 (c)		1,013,825
				32,699,969
Virginia: 1.4%
		Albemarle County, Virginia Economic Development Authority, Series A (RB)
	640,000	4.63%, 01/01/23 (c)		665,600
	1,000,000	5.00%, 01/01/23 (c)		1,041,700
	500,000	Ballston Quarter Community Development Authority, Series A (TA) 5.50%, 03/01/27 (c)		532,800
	1,000,000	Botetourt County, Series A (RB) 6.00%, 07/01/24 (c)		1,107,910
	250,000	Bristol Industrial Development Authority, Series B (RB) 6.35%, 11/01/24 (c)		226,065
		Cherry Hill Community Development Authority, Potomac Shores Project (SA)
	200,000	5.15%, 03/01/25 (c)		211,020
	500,000	5.40%, 03/01/25 (c)		528,090
		Chesapeake Bay Bridge and Tunnel District, First Tier (RB)
	1,000,000	5.00%, 11/01/23		1,137,270
	1,000,000	5.00%, 07/01/26 (c)		1,146,450
	1,025,000	5.00%, 07/01/26 (c)		1,173,184
	650,000	Chesterfield Economic Development Authority, Brandermill Woods Project (RB) 4.13%, 01/01/22 (c)		665,561
	380,000	City of Chesapeake, Virginia Chesapeake Expressway, Series A (RB) 5.00%, 07/15/22 (c)		407,698
	240,000	City of Hopewell, Sewer System, Series A (RB) 5.00%, 07/15/21 (c)		253,831
		City of Newport News, Economic Development Authority, Residential Care Facilities (RB)
	650,000	3.13%, 12/01/25 (c)		651,599
	3,000,000	5.00%, 12/01/25 (c)		3,245,970

Principal Amount			Value
Virginia: (continued)
		Fairfax County, Virginia Mosaic District Community Development Authority, Series A (SA)
$	1,450,000	6.63%, 03/01/21 (c)	$	1,522,935
	1,000,000	6.88%, 03/01/21 (c)		1,051,650
		Farmville Industrial Development Authority, Series A (RB) (AMBAC)
	500,000	5.00%, 01/01/29 (c)		562,725
	500,000	5.00%, 01/01/29 (c)		566,920
	500,000	5.00%, 01/01/29 (c)		568,685
		Hanover County Economic Development Authority (RB)
	500,000	5.00%, 07/01/24 (c)		541,325
	500,000	5.00%, 07/01/24 (c)		542,005
		Hanover County, Economic Development Authority, Series A (RB)
	260,000	4.00%, 07/01/22		266,828
	1,500,000	5.00%, 07/01/22 (c)		1,552,335
	1,500,000	5.00%, 07/01/22 (c)		1,554,645
	2,475,000	Henrico County Economic Development Authority, Residential Care Facilities, Series C (RB) 5.00%, 12/01/27 (c)		2,750,665
		Peninsula Town Center Community Development Authority (RB)
	2,500,000	5.00%, 09/01/27 (c)		2,770,225
	500,000	5.00%, 09/01/27 (c)		561,810
	1,000,000	Riverside County Transportation Commission, Series A (RB) 5.38%, 09/01/26 (c)		1,046,150
	1,000,000	Roanoke County Economic Development Authority, Series B (RB) 4.63%, 09/01/24 (c) (p)		1,023,600
	2,000,000	Tobacco Settlement Financing Corp., Series B-1 (RB) 5.00%, 11/18/19 (c)		2,005,440
	17,265,000	Tobacco Settlement Financing Corp., Series C (RB) 0.00%, 11/18/19 (c) ^		2,016,897
		Virginia College Building Authority, Marymount University Project, Series A (RB)
	2,000,000	5.00%, 07/01/25 (c)		2,138,920
	1,000,000	5.00%, 07/01/25 (c)		1,085,970
	300,000	Virginia College Building Authority, Marymount University Project, Series B (RB) 5.25%, 07/01/25 (c)		334,050
	1,760,000	Virginia College Building Authority, Regent University Project (RB) 5.00%, 12/02/19 (c)		1,708,080
		Virginia Small Business Financing Authority, Elizabeth River Crossing Opco, LLC Project (RB)
	760,000	5.50%, 07/01/22 (c)		827,480
	1,550,000	6.00%, 07/01/22 (c)		1,717,338

Principal Amount			Value
Virginia: (continued)
		Virginia Small Business Financing Authority, Senior Lien 95 Express Lanes, LLC Project (RB)
$	1,000,000	5.00%, 01/01/22 (c)	$	1,064,330
	300,000	5.00%, 01/01/22 (c)		319,764
	1,450,000	5.00%, 01/01/22 (c)		1,545,526
	2,000,000	Virginia Small Business Financing Authority, Solid Waste Disposal Facility (RB) 5.00%, 07/01/23 (c) (p)		2,125,400
				46,766,446
Washington: 1.1%
	1,000,000	Greater Wenatchee Regional Events Center, Public Facilities District, Series A (RB) 5.50%, 09/01/22 (c)		1,028,590
		Kalispel Tribe Indians Priority, Series A (RB)
	250,000	5.00%, 01/01/28 (c)		279,790
	250,000	5.25%, 01/01/28 (c)		277,433
		King County Public Hospital District No. 4, Snoqualmie Valley Hospital, Series A (GO)
	1,000,000	5.00%, 12/01/25 (c)		1,057,210
	500,000	5.75%, 12/01/25 (c)		531,410
	500,000	6.00%, 12/01/25 (c)		531,555
	250,000	6.25%, 12/01/25 (c)		264,865
		Klickitat County Public Hospital District No. 2 (RB)
	1,000,000	5.00%, 12/01/27 (c)		1,004,070
	1,170,000	5.00%, 12/01/27 (c)		1,182,425
	1,415,000	5.00%, 12/01/27 (c)		1,433,989
	2,000,000	Washington Economic Development Finance Authority, Columbia Pulp I, LLC Project, Series A (RB) 7.50%, 01/01/28 (c)		2,054,840
	300,000	Washington Health Care Facilities Authority, Catholic Health Initiative, Series A (RB) 5.00%, 02/01/21 (c)		313,773
	1,650,000	Washington Health Care Facilities Authority, Central Washington Health Services Association (RB) 5.00%, 07/01/25 (c)		1,857,042
	100,000	Washington Health Care Facilities Authority, Commonspirit Health, Series A-1 (RB) 4.00%, 08/01/29 (c)		108,255
	2,500,000	Washington Health Care Facilities Authority, Commonspirit Health, Series A-2 (RB) 5.00%, 08/01/29 (c)		2,957,800
		Washington Health Care Facilities Authority, Virginia Mason Medical Center (RB)
	500,000	5.00%, 08/15/27 (c)		576,980
	205,000	5.00%, 08/15/27 (c)		237,720

Principal Amount			Value
Washington: (continued)
		Washington State Housing Finance Commission, Bayview Manor Senior Project, Series A (RB)
$	1,000,000	5.00%, 07/01/24 (c)	$	1,075,990
	1,000,000	5.00%, 07/01/24 (c)		1,078,230
	150,000	5.00%, 07/01/24 (c)		163,770
	500,000	Washington State Housing Finance Commission, Hearthstone Project, Series A (RB) 5.00%, 07/01/26 (c)		530,620
		Washington State Housing Finance Commission, Herons Key Senior Living, Series A (RB)
	200,000	6.00%, 07/01/25		216,694
	1,640,000	6.75%, 07/01/25 (c)		1,793,291
	2,000,000	7.00%, 07/01/25 (c)		2,185,580
		Washington State Housing Finance Commission, Herons Key Senior Living, Series B (RB)
	150,000	5.50%, 11/21/19 (c)		150,102
	1,350,000	6.50%, 07/01/25 (c)		1,467,301
	1,100,000	Washington State Housing Finance Commission, Mirabella Project, Series A (RB) 6.75%, 10/01/22 (c)		1,181,290
		Washington State Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB)
	150,000	3.75%, 07/01/26		154,925
	825,000	5.00%, 01/01/25 (c)		924,181
	2,495,000	5.00%, 01/01/25 (c)		2,753,033
	1,500,000	5.00%, 01/01/25 (c)		1,658,910
	1,000,000	Washington State Housing Finance Commission, Rockwood Retirement Communities Project (RB) 5.00%, 01/01/26 (c)		1,057,100
	1,000,000	Washington State Housing Finance Commission, Transforming Age Project, Series A (RB) 5.00%, 07/01/26 (c)		1,085,250
		Washington State Housing Finance Commission, Wesley Homes at Lea Hill Project (RB)
	1,250,000	5.00%, 07/01/26 (c)		1,329,125
	500,000	5.00%, 07/01/26 (c)		533,160
				35,036,299
West Virginia: 0.3%
	325,000	Brooke County Commission, Series A (RB) 6.75%, 04/01/21 (c)		329,225
	560,000	County of Ohio, Fort Henry Centre Tax Increment Financing District No. 1, The Highlands Project (TA) 4.00%, 06/01/22 (c)		573,070
	530,000	Glenville State College Board of Governors (RB) 5.25%, 06/01/27 (c)		558,037

Principal Amount			Value
West Virginia: (continued)
		Ohio County Development Authority, Sports Complex Project (RB)
$	1,000,000	5.00%, 09/01/28 (c)	$	1,031,610
	2,750,000	5.00%, 09/01/28 (c)		2,902,377
		West Virginia Hospital Finance Authority, Thomas Health System, Inc. (RB)
	3,395,000	6.50%, 11/18/19 (c)		1,986,075
	2,230,000	6.50%, 11/18/19 (c)		1,304,550
	2,720,000	6.75%, 11/18/19 (c)		1,591,200
				10,276,144
Wisconsin: 2.9%
		Public Finance Authority, American Dream at Meadowlands Project (RB)
	500,000	6.75%, 12/01/27 (c)		591,795
	17,500,000	7.00%, 12/01/27 (c)		20,958,175
	100,000	Public Finance Authority, American Dream at Meadowlands Project, Series A (RB) 6.75%, 08/01/31		119,128
	1,000,000	Public Finance Authority, American Preparatory Academy (RB) 5.38%, 07/15/27 (c)		1,099,300
	250,000	Public Finance Authority, Bancroft Neurohealth Project, Series A (RB) 5.13%, 06/01/26 (c)		267,005
		Public Finance Authority, Cedars Nursing Care Center (RB)
	455,000	4.25%, 05/01/27 (c)		461,156
	1,000,000	5.50%, 05/01/27 (c)		1,008,820
	2,500,000	5.75%, 05/01/27 (c)		2,525,475
	3,000,000	Public Finance Authority, Celanese Corp., Series C (RB) 4.30%, 05/01/26 (c)		3,276,600
		Public Finance Authority, Cornerstone Charter Academy, Series A (RB)
	495,000	5.00%, 02/01/26 (c)		516,513
	500,000	5.13%, 02/01/26 (c)		517,905
		Public Finance Authority, Corvian Community School Project, Series A (RB)
	580,000	4.25%, 06/15/24 (c)		600,120
	800,000	5.00%, 06/15/24 (c)		824,528
	1,000,000	5.13%, 06/15/24 (c)		1,030,350
	2,000,000	Public Finance Authority, Denver International Airport Great Hall (RB) 5.00%, 09/30/27 (c)		2,056,260
	1,000,000	Public Finance Authority, Friends Homes (RB) 5.00%, 09/01/26 (c)		1,099,800
	1,500,000	Public Finance Authority, Higher Educational Facilities, Wittenberg University Project (RB) 5.25%, 12/01/24 (c)		1,618,155
	6,250,000	Public Finance Authority, Irving Convention Center Hotel Project, First-Tier, Series A (RB) 7.00%, 01/01/32 (c)		7,724,125

Principal Amount			Value
Wisconsin: (continued)
$	2,500,000	Public Finance Authority, Lombard Conference and Hotel Center, Second-Tier (RB) (ACA) 3.75%, 03/15/28 (c)	$	2,218,275
		Public Finance Authority, Maryland Proton Treatment Center, Series A-1 (RB)
	500,000	6.25%, 01/01/28 (c)		527,310
	2,000,000	6.38%, 01/01/28 (c)		2,111,660
	1,000,000	Public Finance Authority, Marys Woods at Marylhurst Project, Series A (RB) 5.25%, 05/15/25 (c)		1,120,470
	3,275,000	Public Finance Authority, Million Air Two LLC, Series B (RB) 7.13%, 06/01/24 (c)		3,669,310
	500,000	Public Finance Authority, National Gypsum Comp. (RB) 5.25%, 11/01/24 (c)		551,550
	2,900,000	Public Finance Authority, Nevada State College (RB) 5.00%, 05/01/29 (c)		3,117,645
		Public Finance Authority, North Carolina Charter Educational Foundation Project, Series A (RB)
	2,150,000	5.00%, 06/15/26 (c)		2,099,453
	5,000,000	5.00%, 06/15/26 (c)		5,030,500
		Public Finance Authority, Penick Village (RB)
	500,000	4.00%, 09/01/26 (c)		523,145
	500,000	5.00%, 09/01/26 (c)		537,720
	500,000	5.00%, 09/01/26 (c)		542,785
	500,000	5.00%, 09/01/26 (c)		547,005
	500,000	Public Finance Authority, Phoenix Academy Project, Series A (RB) 5.88%, 06/15/24 (c)		507,110
	1,000,000	Public Finance Authority, Prime Healthcare Foundation, Series A (RB) 5.35%, 12/01/27 (c)		1,169,850
	610,000	Public Finance Authority, Senior Airport Facilities, Series B (RB) 5.00%, 07/01/22		640,177
	1,455,000	Public Finance Authority, Transportation Infrastructure Properties, LLC Obligated Group, Series G (RB) 5.00%, 07/01/22 (c)		1,550,608
	300,000	Public Finance Authority, Triad Educational Services, Inc., Series A (RB) 5.50%, 06/15/25 (c)		314,268

Principal Amount			Value
Wisconsin: (continued)
$	3,155,000	Public Finance Authority, Vista Grande Villa Project, Series A (RB) 6.50%, 07/01/25 (c)	$	3,258,421
		Public Finance Authority, Whitestone (RB)
	2,580,000	5.00%, 03/01/28 (c)		2,814,445
	1,250,000	5.00%, 03/01/28 (c)		1,391,975
	100,000	Wisconsin Health and Educational Facilities Authority, Series A (RB) 5.25%, 08/01/25 (c)		109,282
	750,000	Wisconsin Health and Educational Facilities Authority, American Baptist Homes of the Midwest (RB) 5.00%, 08/01/24 (c)		830,737
		Wisconsin Health and Educational Facilities Authority, Covenant Communities, Inc., Series B (RB)
	1,095,000	5.00%, 07/01/23 (c)		1,170,818
	1,000,000	5.00%, 07/01/23 (c)		1,070,910
	550,000	Wisconsin Health and Educational Facilities Authority, Mile Bluff Medical Center, Inc. (RB) 5.13%, 05/01/24 (c)		594,919
		Wisconsin Health and Educational Facilities Authority, Saul-Prairie Memorial Hospital, Inc., Series A (RB)
	2,150,000	5.25%, 02/01/23 (c)		2,204,502
	1,975,000	5.38%, 02/01/23 (c)		2,030,043
	3,950,000	Wisconsin Health and Educational Facilities Authority, Wheaton Franciscan Healthcare System, Series A (RB) 5.13%, 02/01/23 (c)		4,041,363
	1,250,000	Wisconsin Public Finance Authority, Continuing Care Retirement Community, The Glenridge on Palmer Ranch, Inc. Project, Series A (RB) 8.25%, 06/01/21 (c)		1,374,850
				93,966,316
Total Municipal Bonds: 97.8% (Cost: $3,053,376,960)				3,164,414,567
Other assets less liabilities: 2.2%				72,833,515
NET ASSETS: 100.0%			$	3,237,248,082

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal
Amount			Value
MUNICIPAL BONDS: 98.7%
Alabama: 0.6%
		Alabama Industrial Development Authority, Solid Waste Disposal, Pine City Fiber Company Project (RB)
$	150,000	6.45%, 12/02/19 (c)	$	152,097
	150,000	6.45%, 12/02/19 (c)		152,097
	1,000,000	Southeast Alabama Gas Supply District, Series A (RB) 4.00%, 01/01/24 (c) (p)		1,079,220
				1,383,414
American Samoa: 0.3%
		American Samoa Economic Development Authority, Series A (RB)
	400,000	6.00%, 09/01/23		416,388
	250,000	6.50%, 09/01/28		279,312
				695,700
Arizona: 1.6%
	125,000	Arizona Health Facilities Authority, Phoenix Children’s Hospital, Series A (RB) 5.00%, 02/01/21		130,613
		Arizona Industrial Development Authority, Basis School Projects, Series A (RB)
	250,000	4.75%, 07/01/23 (c)		267,610
	200,000	5.00%, 07/01/26		224,104
	500,000	Arizona Industrial Development Authority, Doral Academy-Fire Mesa and Red Rock Campus, Series A (RB) 3.55%, 07/15/27 (c)		517,715
	500,000	Arizona Industrial Development Authority, Leman Academy of Excellence-East Tucson and Central Tucson Projects, Series A (RB) 4.00%, 07/01/24 (c)		507,875
	1,000,000	Glendale Industrial Development Authority, Beatitudes Campus Project (RB) 4.00%, 11/15/24 (c)		1,043,470
	500,000	Industrial Development Authority of the City of Phoenix, Series A (RB) 4.00%, 07/01/25		530,105
	250,000	Pima County Industrial Development Authority, American Leadership Academy Project (RB) 4.13%, 06/15/22 (c)		255,055
		Salt Verde Financial Corp. (RB)
	65,000	5.25%, 12/01/21		69,852
	200,000	5.25%, 12/01/23		227,324
	65,000	5.25%, 12/01/24		75,763
	10,000	5.25%, 12/01/28		12,600
				3,862,086
California: 6.2%
	195,000	Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series C (RB) 5.00%, 05/01/21 (c)		205,854

Principal
Amount			Value
California: (continued)
		Airport Commission of the City and County of San Francisco, San Francisco International Airport, Second Series, Series H (RB)
$	500,000	5.00%, 05/01/27	$	617,395
	500,000	5.00%, 05/01/29		636,010
	375,000	Bay Area Toll Authority, Series S-4 (RB) 5.00%, 04/01/23 (c)		425,137
	320,000	California Health Facilities Financing Authority, Catholic Healthcare West, Series E (RB) 5.63%, 12/02/19 (c)		322,320
		California Municipal Finance Authority, Community Medical Centers, Series A (RB)
	50,000	5.00%, 02/01/27 (c)		60,983
	50,000	5.00%, 02/01/27		61,694
	500,000	California Municipal Finance Authority, Julian Charter School Project, Series A (RB)
		5.00%, 03/01/25		514,300
		California Municipal Finance Authority, LINXS APM Project, Series A (RB)
	545,000	5.00%, 06/30/27		663,341
	220,000	5.00%, 06/30/28		271,872
	400,000	California Municipal Finance Authority, Palmdale Aerospace Academy, Series A (RB) 3.88%, 07/01/28		421,192
	400,000	California Pollution Control Financing Authority, Solid Waste Disposal, Series A-1 (RB) 3.38%, 07/01/25		435,648
	735,000	California Public Finance Authority, NCCD-Claremont Properties LLC, Series A (RB) 5.00%, 07/01/27		739,579
		California State Public Works Board, Department of Corrections and Rehabilitation, Series A (RB)
	250,000	3.00%, 05/01/28 (c)		269,767
	300,000	5.00%, 09/01/21		321,021
		California Statewide Communities Development Authority (RB)
	200,000	5.00%, 07/01/24		217,706
	250,000	5.00%, 07/01/29		290,387
		California Statewide Communities Development Authority, Baptist University, Series A (RB)
	150,000	3.00%, 11/01/22		151,977
	500,000	3.50%, 11/01/27		539,360
	180,000	California Statewide Communities Development Authority, Daughters of Charity Health System, Series A (RB) 5.75%, 12/02/19 (c)		179,114
	430,000	California Statewide Communities Development Authority, Daughters of Charity Health System, Series G (RB) 5.50%, 12/02/19 (c)		428,349

Principal
Amount				Value
California: (continued)
$	500,000	California Statewide Communities Development Authority, Lancer Educational Student Housing Project, Series A (RB) 3.00%, 06/01/29	$	513,950
	350,000	California Statewide Communities Development Authority, Loma Linda University Medical Center, Series A (RB) 5.00%, 06/01/26 (c)		408,261
	500,000	California Statewide Communities Development Authority, Southern California Edison Company, Series C (RB) 2.63%, 12/01/23 (p)		519,460
	30,000	City of Modesto, Community Center Refinancing Project, Series A (CP) (AMBAC) 5.00%, 11/01/23		31,190
	500,000	City of Oroville Hospital (RB) 5.00%, 04/01/29 (c)		602,005
	375,000	City of San Buenaventura, Community Memorial Health System (RB) 6.50%, 12/01/21		411,229
	250,000	County of Sacramento, Airport System, Series C (RB) 5.00%, 07/01/27		311,145
	115,000	County of Sacramento, Airport System, Series E (RB) 5.00%, 07/01/28		149,002
	145,000	Foothill/Eastern Transportation Corridor Agency, Toll Road Revenue, Series B-3 (RB) 5.50%, 07/15/22 (c) (p)		160,905
		Golden State Tobacco Securitization Corp., Tobacco Settlement, Series A-1 (RB)
	110,000	5.00%, 06/01/23		122,659
	110,000	5.00%, 06/01/25		127,656
	250,000	5.00%, 06/01/26		295,312
	110,000	Irvine Unified School District, Special Tax, Community Facilities No. 09-1, Series A (ST) 5.00%, 09/01/26		132,823
	230,000	Lake Elsinore Public Financing Authority, Local Agency Revenue (ST) 5.00%, 09/01/24		264,206
	265,000	Long Beach Bond Finance Authority, Natural Gas Purchase, Series A (RB) 5.50%, 11/15/30		349,861
	165,000	Los Angeles Unified School District, Series B (CP) 5.00%, 10/01/22 (c)		181,668
	1,250,000	Northern California Energy Authority, Series A (RB) 4.00%, 07/01/24 (p)		1,361,212
		Palomar Health (RB)
	250,000	5.00%, 11/01/25		293,465
	90,000	5.00%, 11/01/26 (c)		106,738

Principal
Amount			Value
California: (continued)
$	250,000	Port of Oakland (RB) 5.00%, 11/01/23	$	285,465
	110,000	Poway Unified School District Public Financing Authority, Series A (ST) 5.00%, 09/01/24		126,346
	110,000	Riverside County Public Financing Authority, Capital Facilities Project (RB) 5.00%, 11/01/23		126,485
	85,000	San Francisco Community College District (GO) 5.00%, 06/15/22		93,906
	120,000	San Francisco Redevelopment Agency, Community Facilities District No. 6, Series A (ST) 5.00%, 08/01/22 (c)		131,136
	250,000	Tobacco Securitization Authority of Southern California, Series B-1 (RB) 2.25%, 06/01/29		254,758
	35,000	Vernon Electric System, Series A (RB) 5.13%, 12/02/19 (c)		35,123
	370,000	Western Hills Water District, Diablo Grande Community Facilities District No. 1 (ST) 4.00%, 09/01/21		281,200
				15,450,172
Colorado: 3.6%
	500,000	Arista Metropolitan District in the City and County of Broomfield, Series A (GO) 4.38%, 12/01/23 (c)		535,450
	295,000	City and County of Denver, Airport System, Series A (RB) 5.00%, 12/01/28 (c)		366,927
	500,000	Colorado Educational and Cultural Facilities Authority, Loveland Classical Schools Project, Thompson School District R2-J (RB) 3.75%, 07/01/26		517,575
	1,000,000	Colorado Health Facilities Authority, CommonSpirit Health, Series A-1 (RB) 5.00%, 08/01/29 (c)		1,235,180
	200,000	Colorado Health Facilities Authority, Covenant Retirement Communities, Inc., Series B (RB) 4.00%, 12/01/22 (c)		211,802
	150,000	Colorado Health Facilities Authority, Health and Residential, Volunteers of America Care Facilities (RB) 5.20%, 12/02/19 (c)		150,260
	85,000	Colorado Health Facilities Authority, NCMC, Inc. Project (RB) 5.00%, 05/15/26 (c)		103,618
	1,000,000	Colorado Health Facilities Authority, Ralston Creek at Arvada Project, Series B (RB) 4.00%, 11/01/20 (c)		1,002,790
	150,000	Colorado Public Authority, Natural Gas Purchase (RB) 6.13%, 11/15/23		164,790

Principal
Amount			Value
Colorado: (continued)
$	120,000	Denver Convention Center Hotel Authority (RB) 5.00%, 12/01/22	$	131,572
	2,500,000	Dominion Water and Sanitation District (RB) 5.25%, 12/01/21 (c)		2,668,725
	1,425,000	Fountain Urban Renewal Authority, South Academy Highlands Project, Series A (TA) 4.50%, 11/01/25 (c)		1,462,620
	140,000	Public Authority for Colorado Energy (RB) 6.25%, 11/15/28		179,458
	200,000	Southlands Metropolitan District No. 1, Series A-1 (GO) 3.50%, 12/01/27		210,152
				8,940,919
Connecticut: 1.6%
	405,000	City of Hartford, Series A (GO) 5.00%, 04/01/23 (c)		452,636
		Mohegan Tribe of Indians of Connecticut, Gaming Authority, Series C (RB)
	250,000	5.25%, 02/01/22		257,937
	250,000	5.50%, 02/01/23		262,987
		State of Connecticut, Series B (GO)
	200,000	5.00%, 04/15/22 (c)		216,664
	250,000	5.00%, 04/15/28		312,502
		State of Connecticut, Series D (GO)
	250,000	5.00%, 10/01/20 (c)		258,252
	100,000	5.00%, 11/01/21 (c)		107,078
	250,000	State of Connecticut, Special Tax Obligation, Series B (RB) 5.00%, 09/01/26 (c)		304,492
	500,000	Town of Hamden (RB) 5.00%, 01/01/26 (c)		559,260
		University of Connecticut, Series A (RB)
	815,000	5.00%, 02/15/21 (c)		851,178
	380,000	5.00%, 03/15/25		449,430
				4,032,416
District of Columbia: 0.1%
	250,000	District of Columbia, Ingleside at Rock Creek Project, Series A (RB) 4.13%, 07/01/24 (c)		262,752
Florida: 6.8%
	500,000	Capital Trust Agency, Educational Facilities, Pineapple Cove Classical Academy, Inc., Series A (RB) 4.50%, 01/01/29 (c)		529,615
	400,000	Capital Trust Agency, Educational Facilities, Renaissance Charter School, Inc., Series A (RB) 4.38%, 06/15/27		417,632
	1,000,000	Capital Trust Agency, University Bridge, LLC Student Housing Project, Series A (RB) 4.00%, 12/01/28		1,003,880

Principal
Amount			Value
Florida: (continued)
		Florida Development Finance Corp., Renaissance Charter School, Inc. Project, Series A (RB)
$	400,000	5.00%, 06/15/25	$	420,580
	160,000	5.50%, 06/15/22		162,938
	250,000	Florida Development Finance Corp., Southwest Charter Foundation Inc. Project, Series A (RB) 5.13%, 06/15/27		260,922
		Florida Development Finance Corp., Virgin Trains USA Passenger Rail Project, Series A (RB)
	2,750,000	6.25%, 01/01/20 (c) (p)		2,619,375
	3,250,000	6.38%, 01/01/20 (c) (p)		3,074,305
	5,750,000	6.50%, 01/01/20 (c) (p)		5,417,707
	110,000	JEA Electric System, Series Three B (RB) 5.00%, 10/01/27 (c)		136,015
	265,000	Miami-Dade County Industrial Development Authority, NCCD-Biscayne Properties LLC Project, Series A (RB) 5.00%, 06/01/25 (c)		277,309
		Mid-Bay Bridge Authority, First Senior Lien, Series A (RB)
	250,000	5.00%, 10/01/23		280,892
	250,000	5.00%, 10/01/24		287,362
	250,000	Northern Palm Beach County Improvement District, Unit of Development No. 2C (SA) 4.50%, 08/01/24		260,105
	500,000	Palm Beach County, Palm Beach Atlantic University Housing Project, Series A (RB) 5.00%, 04/01/29		567,610
	120,000	School Board of Miami-Dade County, Series D (CP) 5.00%, 02/01/26 (c)		142,376
	250,000	School District of St. Lucie County, Sales Tax (RB) (AGM) 5.00%, 10/01/25		298,945
	305,000	South Miami Health Facilities Authority (RB) 3.00%, 08/15/27 (c)		320,009
	500,000	Village Community Development District No. 12 (SA) (SAW) 3.80%, 05/01/28		529,500
				17,007,077
Georgia: 2.1%
		Atlanta Development Authority, Senior Health Care Facilities, Series A-1 (RB)
	250,000	6.00%, 01/01/23		255,958
	500,000	6.50%, 01/01/28 (c)		534,630
		Burke County Development Authority (RB)
	250,000	2.25%, 05/25/23 (p)		254,193
	250,000	2.93%, 03/12/24 (p)		261,420

Principal
Amount			Value
Georgia: (continued)
$	1,000,000	Burke County Development Authority, Series E (RB) 3.25%, 02/03/25 (p)	$	1,043,460
	250,000	Floyd County Development Authority, The Spires at Berry College Project, Series A (RB) (SBG) 5.50%, 12/01/24 (c)		259,385
		Fulton County Residential Care Facilities for the Elderly Authority, Canterbury Court Project, Series A (RB) (SD CRED PROG)
	500,000	3.00%, 04/01/24		500,715
	500,000	4.00%, 04/01/26 (c)		528,490
	160,000	Georgia Local Government, Grantor Trust, Series A (CP) (NATL) 4.75%, 06/01/28		184,122
	325,000	Greene County Development Authority, Glen-I, LLC Project, Series A (RB) 6.13%, 01/01/25 (d) *		219,278
		Main Street Natural Gas, Inc., Series A-1 (RB)
	130,000	5.50%, 09/15/23		148,363
	135,000	5.50%, 09/15/25		162,667
	250,000	Marietta Development Authority, University Facilities, Life University, Inc. Project, Series A (RB) 5.00%, 11/01/27		285,097
	500,000	Oconee County Industrial Development Authority, Series A-3 (RB) 5.50%, 12/01/21 (c)		508,395
				5,146,173
Guam: 0.9%
	480,000	A. B. Won Pat International Airport Authority, Series C (RB) 5.00%, 10/01/21		501,346
	300,000	Guam Government, Business Privilege Tax, Series A (RB) 5.00%, 01/01/22 (c)		317,241
	360,000	Guam Government, Business Privilege Tax, Series D (RB) 5.00%, 11/15/25 (c)		413,006
	1,000,000	Guam Government, Series A (RB) 5.00%, 12/01/24		1,134,820
				2,366,413
Hawaii: 0.0%
	90,000	Kuakini, Hawaii Health System, Series A (RB) 6.30%, 12/02/19 (c)		90,284
Illinois: 19.2%
		Chicago Board of Education, Series A (GO)
	250,000	0.00%, 12/01/22 ^		231,938
	160,000	0.00%, 12/01/24 ^		140,770
	260,000	0.00%, 12/01/26 ^		214,302
	435,000	0.00%, 12/01/28 ^		334,076
	150,000	4.00%, 12/01/20		153,173
	500,000	4.00%, 12/01/22		525,325
	200,000	5.00%, 12/01/28 (c)		242,488
	250,000	5.00%, 12/01/28 (c)		292,705

Principal
Amount				Value
Illinois: (continued)
$	175,000	5.50%, 12/01/26	$	207,218
	200,000	7.00%, 12/01/25 (c)		250,212
	1,000,000	Chicago Board of Education, Series B (GO) 5.00%, 12/01/29 (c)		1,181,040
	345,000	Chicago Board of Education, Series B-1 (GO) 0.00%, 12/01/23 ^		311,773
	500,000	Chicago Board of Education, Series C (GO) 5.00%, 12/01/27		581,285
	495,000	Chicago Board of Education, Series F (GO) 5.00%, 12/01/20		510,706
		Chicago O’Hare International Airport, Series B (RB)
	300,000	4.00%, 01/01/22 (c)		312,825
	750,000	5.00%, 01/01/21		782,227
	575,000	Chicago School Reform Board of Trustees, Series A (GO) 0.00%, 12/01/29 ^		425,011
		Chicago School Reform Board of Trustees, Series B-1 (GO)
	490,000	0.00%, 12/01/24 ^		431,107
	560,000	0.00%, 12/01/25 ^		478,358
	395,000	0.00%, 12/01/26 ^		325,575
	1,515,000	0.00%, 12/01/28 ^		1,163,505
	585,000	0.00%, 12/01/29 ^		432,403
	200,000	Chicago Transit Authority (RB) 5.25%, 12/01/21 (c)		213,344
	115,000	Chicago Transit Authority, Federal Transit Administration Section 5307 Urbanized Area Formula (RB) 5.00%, 06/01/24		131,282
	105,000	City of Chicago, Modern School Across Chicago Program, Series A (GO) 5.00%, 12/01/20 (c)		108,378
	100,000	City of Chicago, Motor Fuel Tax (RB) (AGM) 5.00%, 01/01/24 (c)		110,776
		City of Chicago, Neighborhoods Alive 21 Program, Series B (GO)
	280,000	5.00%, 01/01/25		313,314
	350,000	5.25%, 01/01/25 (c)		395,192
		City of Chicago, Series A (GO)
	715,000	5.00%, 01/01/24 (c)		786,486
	270,000	5.25%, 01/01/24 (c)		299,079
	180,000	5.25%, 01/01/24 (c)		199,033
		City of Chicago, Series C (GO)
	95,000	5.00%, 01/01/22		102,540
	300,000	5.00%, 01/01/22 (c)		315,954
	660,000	5.00%, 01/01/23		710,153
	400,000	5.00%, 01/01/24		439,524
	1,090,000	5.00%, 01/01/25		1,219,688
		City of Chicago, Water Revenue, Second Lien (RB)
	100,000	5.00%, 11/01/22 (c)		108,748
	150,000	5.00%, 11/01/24 (c)		170,405
	100,000	5.00%, 11/01/24 (c)		113,114
	270,000	5.00%, 11/01/24 (c)		305,602

Principal
Amount			Value
Illinois: (continued)
$	100,000	City of Chicago, Water Revenue, Second Lien, Series A-1 (RB) 5.00%, 11/01/26 (c)	$	117,271
	240,000	Cook County Community College District No. 508 (GO) 5.25%, 12/01/23 (c)		260,364
	500,000	County of Cook, Series A (GO) 5.25%, 11/15/21 (c)		534,830
	1,190,000	Illinois Finance Authority, Friendship Village of Schaumburg (RB) 5.00%, 02/15/27		1,218,346
	1,000,000	Illinois Finance Authority, Lutheran Home and Obligated Group (RB) 5.50%, 05/15/22 (c)		1,052,230
	100,000	Illinois Finance Authority, Roosevelt University (RB) 5.40%, 12/02/19 (c)		100,138
	250,000	Illinois Finance Authority, Three Crowns Park (RB) 4.00%, 02/15/24 (c)		259,767
		Illinois Railsplitter Tobacco Settlement Authority (RB)
	75,000	5.25%, 06/01/21		79,467
	70,000	5.38%, 06/01/21		74,305
	260,000	Illinois Sports Facilities Authority (RB) (AMBAC) 0.00%, 06/15/26 ^		219,749
		Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series A (RB)
	195,000	0.00%, 12/15/22 ^		182,976
	130,000	0.00%, 12/15/24 ^		115,651
		Metropolitan Pier and Exposition Authority, McCormick Place Expansion Project, Series B (RB)
	115,000	0.00%, 06/15/28 ^		91,706
	110,000	5.00%, 06/15/22 (c)		118,268
	970,000	5.00%, 06/15/22 (c)		1,038,598
	35,000	5.00%, 12/15/22		37,863
	500,000	5.00%, 12/15/27 (c)		578,230
	100,000	Northern Illinois Municipal Power Agency, Series A (RB) 5.00%, 12/01/26 (c)		120,117
	285,000	Southern Illinois University, Series A (RB) 5.25%, 04/01/21		297,714
		State of Illinois (RB)
	100,000	3.75%, 06/15/21 (c)		102,042
	275,000	4.00%, 03/01/22 (c)		282,879
	80,000	4.00%, 08/01/22 (c)		82,862
	660,000	4.00%, 05/01/24		698,861
	430,000	4.00%, 06/15/26 (c)		464,727
	300,000	4.13%, 03/01/22 (c)		309,285
	540,000	5.00%, 01/01/20 (c)		542,554
	300,000	5.00%, 01/01/21		310,140
	135,000	5.00%, 01/01/21		139,563
	785,000	5.00%, 05/01/21		819,085
	125,000	5.00%, 06/15/21		130,736
	70,000	5.00%, 07/01/21		73,372
	445,000	5.00%, 01/01/22 (c)		467,495

Principal
Amount			Value
Illinois: (continued)
$	200,000	5.00%, 02/01/22	$	212,390
	600,000	5.00%, 05/01/22		641,130
	165,000	5.00%, 06/15/22		176,720
	920,000	5.00%, 08/01/22 (c)		980,812
	750,000	5.00%, 08/01/22		806,257
	480,000	5.00%, 06/15/23		524,405
	145,000	5.00%, 06/15/23 (c)		158,073
	230,000	5.00%, 06/15/23 (c)		250,408
	700,000	5.00%, 08/01/23		767,515
	500,000	5.00%, 02/01/24		550,510
	100,000	5.00%, 02/01/24		110,102
	150,000	5.00%, 02/01/24 (c)		164,721
	100,000	5.00%, 05/01/24 (c)		109,824
	500,000	5.00%, 11/01/24		558,400
	1,315,000	5.00%, 12/01/25		1,491,210
	200,000	5.00%, 01/01/26		227,064
	500,000	5.00%, 02/01/26		568,320
	100,000	5.00%, 06/01/26		114,181
	445,000	5.00%, 06/01/26 (c)		503,424
	1,000,000	5.00%, 02/01/27		1,144,640
	275,000	5.25%, 07/01/23 (c)		299,038
	270,000	5.50%, 07/01/23 (c)		298,566
	60,000	5.50%, 07/01/23 (c)		66,160
	500,000	5.50%, 07/01/23 (c)		552,380
	500,000	6.00%, 05/01/25		585,900
		State of Illinois, Series A (GO)
	220,000	4.00%, 12/02/19 (c)		220,220
	305,000	4.00%, 01/01/21		311,838
	170,000	4.00%, 01/01/22 (c)		175,527
	100,000	4.00%, 01/01/22 (c)		102,691
	100,000	4.00%, 01/01/22 (c)		102,417
	105,000	4.00%, 01/01/22		109,072
	50,000	4.00%, 01/01/22 (c)		51,752
	100,000	5.00%, 04/01/21		104,101
	185,000	5.00%, 06/01/21		193,471
	315,000	State of Illinois, Series C (GO) 5.00%, 11/01/27 (c)		357,399
		State of Illinois, Series D (GO)
	165,000	3.25%, 11/01/26		167,104
	2,355,000	5.00%, 11/01/21		2,489,117
	1,500,000	5.00%, 11/01/25		1,695,450
	2,505,000	5.00%, 11/01/26		2,848,285
	110,000	5.00%, 11/01/27 (c)		125,915
	130,000	5.00%, 11/01/27		149,114
	145,000	Will County Community High School District No. 210, Series B (GO) 0.00%, 01/01/28 ^		112,890
				47,670,338
Indiana: 0.0%
	179,357	City of Carmel (RB) 7.00%, 11/15/22 (c)		4,753
Iowa: 1.7%
	270,000	City of Coralville, Marriott Hotel and Convention Center, Series E (CP) 4.00%, 06/01/24 (c)		270,370
		Iowa Finance Authority, Iowa Fertilizer Co. Project (RB)
	500,000	3.13%, 12/01/20 (c)		506,785
	500,000	5.25%, 12/01/23 (c)		544,440

Principal
Amount			Value
Iowa: (continued)
		Iowa Finance Authority, Northcrest, Inc. Project, Series B (RB)
$	500,000	3.25%, 12/02/19 (c)	$	500,290
	495,000	5.00%, 03/01/24 (c)		551,569
	1,880,000	Iowa Higher Education Loan Authority, Wartburg College Project (RB) 4.00%, 10/01/25		1,932,358
				4,305,812
Kansas: 1.1%
	500,000	City of Goddard, Olympic Park Star Bond Project (RB) 3.60%, 12/01/22 (c)		495,240
	500,000	City of Wichita, Health Care Facilities, Series I (RB) 5.00%, 05/15/25 (c)		562,780
	1,375,000	Kansas Development Finance Authority, Village Shalom Project, Series B (RB) 4.00%, 11/15/25		1,434,881
	60,000	Overland Park Development Corp., Overland Park Convention Center Hotel, Series B (RB) (AMBAC) 5.13%, 12/16/19 (c)		60,101
	370,000	Wyandotte County, Kansas City Unified Government, Sales Tax (RB) 0.00%, 12/01/27 ^		279,084
				2,832,086
Kentucky: 0.5%
	140,000	Commonwealth of Kentucky State Property and Building Commission, Project No. 108, Series B (RB) 5.00%, 08/01/26		168,532
	325,000	Commonwealth of Kentucky State Property and Building Commission, Project No. 112, Series B (RB) 5.00%, 11/01/26 (c)		388,459
	500,000	Kentucky Economic Development Finance Authority, Baptist Life Communities Project, Series A (RB) 5.50%, 11/15/26 (c)		424,060
	100,000	Kentucky Economic Development Finance Authority, Masonic Home Independent Living II, Inc., Series A (RB) 5.00%, 05/15/26		109,482
	140,000	Kentucky State Property and Building Commission No. 108, Series A (RB) 5.00%, 08/01/25 (c)		163,902
				1,254,435
Louisiana: 1.4%
		Calcasieu Parish Memorial Hospital Service District (RB)
	1,525,000	5.00%, 12/01/27		1,819,676
	150,000	5.00%, 12/01/29		182,130
	20,000	City of New Orleans, Sewerage Service (RB) 5.00%, 06/01/22		21,755

Principal
Amount			Value
Louisiana: (continued)
$	600,000	Louisiana Local Government Environmental Facilities and Community Development Authority, St. James Place of Baton Rouge Project, Series A (RB) 5.50%, 11/15/25	$	655,290
	329,665	Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project (RB) 7.00%, 07/01/24 (d) *		3
	521,317	Louisiana Public Facilities Authority, Solid Waste Disposal Revenue, Louisiana Pellets, Inc. Project, Series A (RB) 7.50%, 07/01/23 (d) *		5
	710,000	Parish of St. Charles, Valero Project (RB) 4.00%, 06/01/22 (p)		749,462
	80,000	Tobacco Settlement Financing Corp., Series A (RB) 5.00%, 05/15/21		84,183
				3,512,504
Maryland: 1.3%
	250,000	City of Baltimore, Harbor Point Project (RB) 4.25%, 06/01/26		265,295
	200,000	City of Baltimore, Maryland Special Obligation, Research Park Project, Series A (RB) 4.00%, 09/01/27		214,666
	350,000	County of Frederick, Mount Saint Mary’s University, Series A (RB) 5.00%, 09/01/27		400,183
	200,000	County of Howard, Series A (TA) 4.00%, 02/15/26 (c)		213,776
	695,000	Maryland Economic Development Corp., CNX Marine Terminal, Inc. Port of Baltimore Facility (RB) 5.75%, 09/01/20 (c)		711,367
	245,000	Maryland Economic Development Corp., Metro Centre at Owings Mills Project (TA) 3.75%, 01/01/27 (c)		255,947
	425,000	Maryland Economic Development Corp., Transportation Facilities, Series A (RB) 5.00%, 06/01/28		524,892
	190,000	Maryland Health and Higher Educational Facilities Authority, Western Maryland Health System Issue (RB) 5.00%, 07/01/24		218,356
	500,000	Mayor and Council of Rockville, Ingleside at King Farm Project, Series C-1 (RB) 3.50%, 05/01/20 (c)		503,085
				3,307,567

Principal
Amount			Value
Massachusetts: 1.2%
$	500,000	Massachusetts Development Finance Agency (RB) (SBG) 5.00%, 07/01/28 (c)	$	623,995
	310,000	Massachusetts Development Finance Agency, CareGroup Issue, Series I (RB) 5.00%, 07/01/26 (c)		374,632
	500,000	Massachusetts Development Finance Agency, CareGroup Issue, Series J-2 (RB) (SBG) 5.00%, 07/01/28 (c)		620,670
	130,000	Massachusetts Development Finance Agency, Emmanuel College, Series A (RB) 5.00%, 07/01/22 (c)		142,849
		Massachusetts Development Finance Agency, Newbridge on the Charles, Inc. (RB)
	250,000	4.00%, 10/01/22 (c)		271,707
	500,000	4.00%, 10/01/22 (c)		544,760
	100,000	Massachusetts Development Finance Agency, UMass Memorial Health Care Obligated Group Issue, Series I (RB) 5.00%, 07/01/26 (c)		119,873
	275,000	Massachusetts Educational Financing Authority (RB) 5.00%, 01/01/25 (c)		316,610
				3,015,096
Michigan: 0.8%
	50,000	Detroit Water Supply System, Senior Lien, Series C (RB) 5.25%, 07/01/21 (c)		53,211
	250,000	Grand Rapids Economic Development Corp., Beacon Hill at Eastgate, Series A (RB) 4.00%, 11/01/24 (c)		264,547
	540,000	Michigan Finance Authority, Public Lighting Authority Local Project, Series B (RB) 5.00%, 07/01/24 (c)		606,431
	400,000	Michigan Solid Waste Disposal, Genesee Power Station Project (RB) 7.50%, 12/02/19 (c)		399,592
		Michigan Tobacco Settlement Finance Authority, Series A (RB)
	535,000	5.13%, 11/18/19 (c)		535,749
	60,000	5.25%, 11/18/19 (c)		60,083
				1,919,613
Minnesota: 0.4%
	100,000	City of Anoka, Homestead at Anoka, Inc. Project (RB) 4.25%, 11/01/24 (c)		105,756
	180,000	City of Blaine, Senior Housing and Health Facility, Series A (RB) 5.13%, 07/01/25		182,768
	350,000	City of Brooklyn Park, Charter School, Athlos Leadership Academy Project, Series A (RB) 5.25%, 07/01/25 (c)		375,970

Principal
Amount			Value
Minnesota: (continued)
$	250,000	Rice County Educational Facility, St. Mary’s School Project (RB) 5.00%, 08/01/22	$	262,635
	120,000	Saint Paul Housing and Redevelopment Authority, Series A (RB) 5.00%, 09/01/26		130,978
				1,058,107
Missouri: 0.7%
	160,000	City of Liberty, Liberty Commons Project, Series A (TA) 5.13%, 06/01/25		163,374
	235,000	City of St. Ann, Northwest Plaza Redevelopment, Series A (TA) 4.00%, 11/01/26		239,319
	220,000	Industrial Development Authority of the City of St. Louis, Series A (RB) 3.88%, 11/15/26 (c)		238,724
	500,000	Maryland Heights Industrial Development Authority, San Louis Community Ice Center Project, Series A (RB) 4.38%, 03/15/28 (c)		531,165
	500,000	St. Louis County, Industrial Development Authority, Friendship Village St. Louis Obligated Group, Series A (RB) 5.00%, 09/01/25 (c)		577,065
				1,749,647
Montana: 0.5%
	1,320,000	City of Forsyth, Rosebud County, Montana Pollution Control (RB) 2.00%, 08/01/23		1,345,648
Nevada: 0.9%
	455,000	City of Reno, Tax Increment Senior Lien, Series C (TA) 5.40%, 12/02/19 (c)		450,536
		Clark County School District, Series B (GO) (AGM)
	250,000	5.00%, 06/15/29 (c)		314,227
	250,000	5.00%, 06/15/29		316,060
	115,000	Clark County School District, Series C (GO) 5.00%, 12/15/25 (c)		136,909
	500,000	State of Nevada, Department of Business and Industry, Fulcrum Sierra Biofuels, LLC Project (RB) 5.88%, 12/15/27		555,965
	535,000	State of Nevada, Department of Business and Industry, Somerset Academy, Series A (RB) 4.50%, 12/15/25 (c)		579,507
				2,353,204
New Hampshire: 0.2%
	250,000	New Hampshire Business Finance Authority, Covanta Project, Series A (RB) 4.00%, 07/01/23 (c)		264,282

Principal Amount			Value
New Hampshire: (continued)
$	290,000	New Hampshire Health and Education Facilities Authority, Hillside Village, Series A (RB) 5.25%, 07/01/24 (c)	$	300,539
				564,821
New Jersey: 11.0%
	75,000	Atlantic City (GO) 5.00%, 12/01/20		76,349
	240,000	Garden State Preservation Trust, Open Space and Farmland Preservation Bonds, Series B (RB) (AGM) 0.00%, 11/01/22 ^		229,831
	750,000	Gloucester County, New Jersey Pollution Control Financing Authority, Series A (RB) 5.00%, 12/01/24		815,692
		New Jersey Economic Development Authority, Cigarette Tax Revenue (RB)
	345,000	4.25%, 06/15/22 (c)		362,847
	165,000	5.00%, 06/15/22		178,848
	150,000	5.00%, 06/15/22 (c)		162,191
		New Jersey Economic Development Authority, Continental Airlines, Inc.Project (RB)
	225,000	5.13%, 08/20/22 (c)		242,138
	300,000	5.75%, 09/15/22 (c)		330,570
	75,000	New Jersey Economic Development Authority, Lions Gate Project (RB) 4.38%, 01/01/24		76,760
	210,000	New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series A (RB) 4.00%, 11/01/27		232,313
		New Jersey Economic Development Authority, New Jersey Transit Corp. Project, Series B (RB)
	500,000	4.00%, 11/01/25		548,060
	115,000	5.00%, 11/01/25		134,356
	115,000	New Jersey Economic Development Authority, School Facilities Construction, Series AAA (RB) 5.50%, 12/15/26 (c)		138,726
	100,000	New Jersey Economic Development Authority, School Facilities Construction, Series BBB (RB) 5.50%, 12/15/26 (c)		119,489
	500,000	New Jersey Economic Development Authority, School Facilities Construction, Series EE (RB) 5.25%, 03/01/21 (c)		524,360
		New Jersey Economic Development Authority, School Facilities Construction, Series GG (RB)
	520,000	5.25%, 03/01/21 (c)		545,054
	240,000	5.25%, 03/01/21 (c)		251,628
	260,000	New Jersey Economic Development Authority, School Facilities Construction, Series II (RB) 5.00%, 03/01/22 (c)		278,434

Principal Amount			Value
New Jersey: (continued)
$	145,000	New Jersey Economic Development Authority, School Facilities Construction, Series N-1 (RB) 5.50%, 09/01/23	$	164,536
		New Jersey Economic Development Authority, School Facilities Construction, Series NN (RB)
	250,000	5.00%, 03/01/21		261,500
	640,000	5.00%, 03/01/23 (c)		696,525
	490,000	5.00%, 03/01/23 (c)		535,139
	320,000	5.00%, 03/01/23 (c)		348,886
	200,000	5.00%, 03/01/23 (c)		219,366
	300,000	5.00%, 03/01/23 (c)		330,252
	480,000	5.00%, 03/01/23 (c)		521,222
	500,000	5.00%, 03/01/23 (c)		547,185
	340,000	New Jersey Economic Development Authority, School Facilities Construction, Series PP (RB) 5.00%, 06/15/24 (c)		383,306
		New Jersey Economic Development Authority, School Facilities Construction, Series XX (RB)
	440,000	4.25%, 06/15/25 (c)		482,280
	130,000	4.38%, 06/15/25 (c)		142,819
	375,000	5.00%, 06/15/21		395,970
	345,000	5.00%, 06/15/25 (c)		395,756
	750,000	New Jersey Economic Development Authority, State House Project, Series B (RB) 4.00%, 12/15/28 (c)		827,055
		New Jersey Educational Facilities Authority, Higher Education Facilities Trust (RB)
	145,000	5.00%, 06/15/24 (c)		163,469
	175,000	5.00%, 06/15/24 (c)		198,156
	315,000	New Jersey Health Care Facilities Financing Authority, Hospital Asset Transformation Program (RB) 5.00%, 10/01/24		360,958
	75,000	New Jersey Health Care Facilities Financing Authority, St. Peter’s University System (RB) 5.00%, 07/01/21		78,062
		New Jersey Transportation Trust Fund Authority, Series A (RB)
	120,000	0.00%, 12/15/25 ^		104,256
	2,000,000	0.00%, 12/15/30 ^		1,453,040
	200,000	5.00%, 06/15/21 (c)		210,856
	500,000	5.00%, 12/15/24		576,765
	500,000	5.00%, 12/15/25		585,480
	500,000	5.00%, 06/15/26 (c)		582,220
	1,000,000	5.00%, 12/15/26		1,184,650
	110,000	New Jersey Transportation Trust Fund Authority, Series A-1 (RB) 5.00%, 06/15/26 (c)		129,086
		New Jersey Transportation Trust Fund Authority, Series AA (RB)
	235,000	4.00%, 06/15/22 (c)		245,063
	605,000	5.00%, 06/15/22 (c)		650,193
	200,000	5.00%, 06/15/22		217,536

Principal Amount			Value
New Jersey: (continued)
$	205,000	5.00%, 06/15/22 (c)	$	221,759
	285,000	5.00%, 06/15/23 (c)		315,612
	275,000	5.00%, 06/15/25 (c)		317,658
	500,000	5.00%, 12/15/28 (c)		590,805
	100,000	5.25%, 06/15/25 (c)		116,413
	345,000	5.25%, 06/15/25 (c)		398,316
	100,000	New Jersey Transportation Trust Fund Authority, Series B (RB) 5.25%, 06/15/21 (c)		105,825
		New Jersey Transportation Trust Fund Authority, Series C (RB)
	1,300,000	0.00%, 12/15/27 ^		1,064,388
	1,340,000	0.00%, 12/15/28 ^		1,051,016
	200,000	0.00%, 12/15/29 ^		155,008
		New Jersey Transportation Trust Fund Authority, Series D (RB)
	415,000	5.00%, 12/15/23		469,328
	130,000	5.25%, 12/15/23		148,305
	1,675,000	Pollution Control Financing Authority, Chambers Project, Series A (RB) 5.00%, 12/01/23		1,803,221
		State of New Jersey, Series T (GO)
	300,000	5.00%, 06/01/21		317,682
	250,000	5.00%, 06/01/22		273,470
		State of New Jersey, Various Purposes (GO)
	80,000	3.00%, 06/01/26		85,330
	110,000	4.00%, 06/01/23 (c)		119,645
	100,000	5.00%, 06/01/27		122,409
		Tobacco Settlement Financing Corp., Series A (RB)
	500,000	5.00%, 06/01/23		557,935
	500,000	5.00%, 06/01/28 (c)		610,860
	150,000	5.00%, 06/01/28 (c)		184,434
				27,268,652
New Mexico: 0.1%
	250,000	Farmington, New Mexico Pollution Control, San Juan Project, Series B (RB) 1.88%, 10/01/21 (p)		250,783
New York: 5.1%
		Brooklyn Arena Local Development Corp., Barclays Center, Series A (RB)
	400,000	5.00%, 07/15/23		447,348
	250,000	5.00%, 07/15/24		286,012
	100,000	5.00%, 07/15/26		118,540
	1,500,000	5.00%, 01/15/27 (c)		1,764,030
	100,000	5.00%, 01/15/27 (c)		118,692
	100,000	5.00%, 01/15/27 (c)		119,373
	1,000,000	Build NYC Resource Corp., Brooklyn Navy Yard Cogeneration Partners, L.P. Project (RB) 5.00%, 12/31/28		1,115,790
	250,000	Metropolitan Transportation Authority, Series C-1 (RB) 5.00%, 05/15/28 (c)		311,887
		New York City Industrial Development Agency, Queens Baseball Stadium Project (RB) (AMBAC)
	25,000	5.00%, 12/02/19 (c)		25,067

Principal Amount			Value
New York: (continued)
$	100,000	5.00%, 12/02/19 (c)	$	100,266
	105,000	New York City Industrial Development Agency, Transportation Infrastructure Properties LLC, Series A (RB) 5.00%, 07/01/22		114,299
		New York State Dormitory Authority, Medical Center Obligated Group (RB)
	300,000	5.00%, 12/01/26		359,733
	300,000	5.00%, 06/01/27 (c)		362,082
	250,000	New York State Dormitory Authority, Supported Debt Montefiore, Series A (RB) 5.00%, 08/01/24		289,407
		New York Transportation Development Corp., American Airlines, Inc. John F. Kennedy International Airport Project (RB)
	1,060,000	5.00%, 08/01/21 (c)		1,112,300
	35,000	5.00%, 08/01/21		36,819
		New York Transportation Development Corp., Delta Air Lines, Inc.— LaGuardia Airport Terminals C&D Redevelopment Project (RB)
	160,000	5.00%, 01/01/28 (c)		193,301
	230,000	5.00%, 01/01/28 (c)		279,261
	1,500,000	5.00%, 01/01/28		1,830,600
		New York Transportation Development Corp., Terminal One Group Association, L.P. Project (RB)
	35,000	5.00%, 01/01/21		36,372
	50,000	5.00%, 01/01/22		53,492
	500,000	Niagara Area Development Corp., New York Solid Waste Disposal Facility, Series B (RB) 3.50%, 07/01/23 (c)		522,360
	130,000	Port Authority of New York and New Jersey, JFK International Air Terminal LLC Project, Series 8 (RB) 5.00%, 12/01/20		132,835
	25,000	Suffolk County Economic Development Corp., Catholic Health Services of Long Island (RB) 5.00%, 07/01/21 (c)		26,451
	1,000,000	Suffolk Tobacco Asset Securitization Corp., Series B (RB) 5.38%, 12/02/19 (c)		1,000,320
	355,000	Tompkins County Development Corp., Tompkins Cortland Community College Foundation, Inc. Project, Series A (RB) 5.00%, 07/01/23 (c)		248,500
	665,000	Town of Oyster Bay, Public Improvement, Series B (GO) (AGM) 3.25%, 02/01/26 (c)		709,814
		Town of Ramapo, Public Improvement, Series A (GO) (FGIC)
	120,000	4.00%, 05/15/23 (c)		123,758
	100,000	4.13%, 05/15/23 (c)		103,433

Principal Amount			Value
New York: (continued)
		TSASC, Inc., Tobacco Settlement Bonds, Series A (RB)
$	70,000	5.00%, 06/01/27 (c)	$	84,911
	70,000	5.00%, 06/01/27		85,339
	550,000	Ulster County Capital Resource Corp., Woodland Pond of New Paltz Project (RB) 4.00%, 09/15/24 (c)		549,978
				12,662,370
North Carolina: 0.4%
	150,000	North Carolina Medical Care Commission, Baptist Hospital (RB) 5.25%, 06/01/20 (c)		153,513
	340,000	North Carolina Medical Care Commission, Retirement Facilities (RB) 5.13%, 07/01/23		355,555
	350,000	North Carolina Turnpike Authority, Triangle Expressway System (RB) 5.00%, 01/01/25		408,471
				917,539
North Dakota: 0.4%
	1,000,000	County of Grand Forks, Red River BioRefinery, LLC Project (RB) 5.00%, 09/15/28		991,470
Ohio: 6.9%
		Buckeye, Ohio Tobacco Settlement Financing Authority, Series A-2 (RB)
	4,455,000	5.13%, 11/18/19 (c)		4,461,148
	895,000	5.38%, 11/18/19 (c)		895,984
	3,500,000	5.88%, 11/18/19 (c)		3,509,590
	90,000	City of Cleveland, Airport System Revenue, Series C (RB) (AMBAC) 5.25%, 01/01/21		94,126
	1,450,000	Cleveland-Cuyahoga County Port Authority (RB) 5.00%, 12/01/28		1,613,647
		County of Cuyahoga, Ohio Hospital, The Metrohealth System (RB)
	250,000	5.00%, 02/15/25		285,045
	50,000	5.00%, 02/15/26		58,119
	110,000	5.00%, 02/15/27 (c)		129,492
	250,000	5.00%, 02/15/27		295,315
	375,000	County of Licking, Health Care Facilities, Series A (RB) 5.10%, 07/01/25		394,519
	255,000	County of Licking, Health Care Facilities, Series B (RB) 3.75%, 01/01/20 (c)		254,908
	50,000	County of Muskingum, Genesis HealthCare System (RB) 4.00%, 02/15/23		52,967
	10,000	Ohio Air Quality Development Authority, AK Steel Corp. Project, Series A (RB) 6.75%, 02/01/22 (c)		10,304
	1,000,000	Ohio Air Quality Development Authority, American Electric Co. Project, Series A (RB) 2.50%, 10/01/29 (p)		1,017,180

Principal Amount			Value
Ohio: (continued)
$	500,000	Ohio Air Quality Development Authority, American Electric Co. Project, Series B (RB) 2.60%, 10/01/24 (c) (p)	$	505,480
	2,500,000	Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series A (RB) 3.25%, 09/01/29		2,577,625
	550,000	Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, Series D (RB) 2.88%, 02/01/26		558,569
	500,000	Ohio Air Quality Development Authority, Pratt Paper LLC Project (RB) 3.75%, 01/15/28		541,040
				17,255,058
Oklahoma: 0.2%
	500,000	Oklahoma Development Finance Authority, Inverness Village Community (RB) 5.75%, 01/01/22 (c) (d) *		315,000
	250,000	Oklahoma Development Finance Authority, OU Medicine Project, Series B (RB) 5.00%, 08/15/27		303,555
	166,367	Payne County Economic Development Authority, Series B (RB) 4.75%, 11/21/19 (c) (d) *		1,381
				619,936
Oregon: 1.4%
		Clackamas County Hospital Facility Authority (RB)
	500,000	2.80%, 11/21/19 (c)		500,140
	500,000	3.20%, 05/15/20 (c)		502,385
		Oregon State Business Development Commission, Red Rock Biofuels LLC Clean Energy Project (RB) (SAW)
	500,000	6.50%, 04/01/28 (c)		471,185
	1,500,000	6.50%, 04/01/28 (c)		1,413,555
	500,000	11.50%, 04/01/26 (c)		535,980
				3,423,245
Pennsylvania: 3.7%
		Allegheny County Industrial Development Authority, United States Steel Corp. Project (RB)
	500,000	4.88%, 11/01/24		514,830
	500,000	5.13%, 05/01/30		523,770
	225,000	6.75%, 11/15/19 (c)		225,900
		Allentown Neighborhood Improvement Zone Development Authority (RB)
	150,000	5.00%, 05/01/22		159,378
	250,000	5.00%, 05/01/23		271,297
	250,000	5.00%, 05/01/27		290,605
	250,000	5.00%, 05/01/28		294,665
	80,000	City of Philadelphia, Pennsylvania Gas Works, Series 13 (RB) 5.00%, 08/01/25		95,019

Principal Amount			Value
Pennsylvania: (continued)
$	500,000	Commonwealth Financing Authority, Tobacco Master Settlement Payment (RB) 5.00%, 06/01/23	$	559,915
		Dauphin County General Authority University, Harrisburg University of Science and Technology Project (RB)
	250,000	4.00%, 10/15/22		256,987
	850,000	5.00%, 10/15/27		961,222
	135,000	Delaware River Port Authority, Port District Project (RB) 5.00%, 01/01/22		145,353
	240,000	Delaware River Port Authority, Series B (RB) 5.00%, 01/01/21		250,570
	100,000	Fulton County Industrial Development Authority, The Fulton County Medical Center Project (RB) 4.00%, 07/01/26 (c)		105,442
	130,000	Montgomery County Industrial Development Authority, Whitemarsh Continuing Care Retirement Community Project (RB) 4.00%, 01/01/25		131,970
	1,000,000	Pennsylvania Economic Development Financing Authority, CarbonLite P, LLC Project (RB) 5.25%, 06/01/26		1,038,740
		Pennsylvania Economic Development Financing Authority, The Pennsylvania Rapid Bridge Replacement Project (RB)
	80,000	5.00%, 12/31/20		82,929
	250,000	5.00%, 12/31/21		266,362
	125,000	5.00%, 12/31/23		139,873
	650,000	5.00%, 12/31/24		743,346
	550,000	5.00%, 06/30/26 (c)		645,749
	130,000	5.00%, 06/30/26		153,014
	100,000	Pennsylvania Turnpike Commission, Series A-2 (RB) 5.00%, 06/01/26 (c)		118,465
	100,000	Philadelphia Gas Works Co., Fourteenth Series (RB) 5.00%, 10/01/26		121,567
	250,000	Quakertown General Authority Health Facilities, USDA Loan Anticipation Notes, Series A (RB) 3.13%, 11/21/19 (c)		249,893
	110,000	Redevelopment Authority of the City of Scranton, Series A (RB) 5.00%, 11/15/21		113,185
	200,000	State Public School Building Authority, The School District of Philadelphia Project, Series A (RB) (SAW) 5.00%, 12/01/26 (c)		239,888
		The Hospitals and Higher Education, Facilities Authority of Philadelphia (RB)
	115,000	5.00%, 07/01/26		134,588
	275,000	5.00%, 07/01/27 (c)		324,478
				9,159,000

Principal Amount			Value
Puerto Rico: 3.0%
		Puerto Rico Commonwealth Aqueduct and Sewer Authority, Series A (RB)
$	500,000	5.00%, 07/01/21	$	519,375
	485,000	5.25%, 07/01/22 (c)		511,069
	950,000	6.13%, 07/01/24		1,027,187
	185,000	Puerto Rico Convention Center District Authority, Series A (RB) (CIFG) 5.00%, 12/02/19 (c)		189,703
	250,000	Puerto Rico Electric Power Authority, Series UU (RB) (AGM) 5.00%, 12/02/19 (c)		256,378
	200,000	Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority, Ana G. Mendez University System Project (RB) 5.00%, 12/02/19 (c)		200,196
	780,000	Puerto Rico Municipal Finance Agency (RB) (AGM) 5.00%, 12/02/19 (c)		798,268
		Puerto Rico Sales Tax Financing Corp., Series A-1 (RB)
	1,380,013	0.00%, 07/01/24 ^		1,210,989
	2,610,000	0.00%, 07/01/27 ^		2,091,028
	100,000	0.00%, 07/01/28 (c) ^		69,583
	651,000	0.00%, 07/01/28 (c) ^		486,681
				7,360,457
Rhode Island: 0.1%
	155,000	Rhode Island Commerce Corp., Department of Transportation, Series B (RB) 5.00%, 06/15/26		188,823
South Carolina: 0.5%
	500,000	South Carolina Jobs-Economic Development Authority, High Point Academy Project, Series A (RB) 5.00%, 12/15/26 (c)		558,525
	475,000	South Carolina Jobs-Economic Development Authority, The Woodlands at Furman (RB) 4.00%, 11/15/24 (c)		489,540
	220,000	South Carolina Public Service Authority, Series C (RB) 5.00%, 12/01/24 (c)		255,123
				1,303,188
Tennessee: 0.4%
	500,000	Blount County, Health and Educational Facilities Board, Series A (RB) 5.00%, 01/01/25 (c)		538,770
	25,000	Clarksville Natural Gas Acquisition Corp. (RB) 5.00%, 12/15/21		26,749
	85,000	Johnson City Health and Educational Facilities Board, Series A (RB) 5.38%, 07/01/20 (c)		87,330
	225,000	Memphis-Shelby County Industrial Development Board, Series A (TA) 4.75%, 07/01/27		246,591
				899,440

Principal Amount			Value
Texas: 5.1%
$	120,000	Central Texas Turnpike System, Series C (RB) 5.00%, 08/15/24	$	139,058
		City of Houston, Texas Airport System Special Facilities, United Airlines, Inc. (RB)
	2,000,000	4.75%, 07/01/24		2,175,540
	1,500,000	5.00%, 07/15/28		1,796,730
		Clifton Higher Education Finance Corp., Series A (RB)
	100,000	4.63%, 08/15/25		108,065
	665,000	6.00%, 09/28/23 (c)		735,650
		Clifton Higher Education Finance Corp., Series D (RB)
	500,000	5.25%, 08/15/25 (c)		553,680
	500,000	5.25%, 08/15/25 (c)		555,630
	120,000	Dallas/Fort Worth International Airport, Series F (RB) 5.00%, 11/01/20 (c)		124,361
	335,000	Gulf Coast Industrial Development Authority, CITGO Petroleum Corp. Project (RB) 4.88%, 10/01/22 (c)		342,038
	300,000	Harris County, Houston Sports Authority, Senior Lien, Series A (RB) 5.00%, 11/15/20		311,106
	215,000	Harris County, Houston Sports Authority, Series H (RB) 0.00%, 11/15/29 ^		162,355
	600,000	New Hope Cultural Education Facilities Finance Corp., CHF-Collegiate Housing Island Campus, LLC, Series A (RB) 5.00%, 04/01/27 (c)		657,036
	100,000	New Hope Cultural Education Facilities Finance Corp., Jubilee Academic Center, Series A (RB) 4.00%, 08/15/21 (c)		101,770
	250,000	New Hope Cultural Education Facilities Finance Corp., Legacy Preparatory Charter Academy, Series A (RB) 5.25%, 02/15/23 (c)		264,530
		New Hope Cultural Education Facilities Finance Corp., NCCD-College Station Properties LLC, Series A (RB)
	100,000	5.00%, 07/01/23		93,669
	100,000	5.00%, 07/01/24		93,558
	90,000	New Hope Cultural Education Facilities Finance Corp., Wesleyan Homes, Inc. (RB) 5.00%, 01/01/24		94,139
		SA Energy Acquisition Public Facility Corp. (RB)
	75,000	5.50%, 08/01/21		79,976
	85,000	5.50%, 08/01/22		93,576
	55,000	5.50%, 08/01/24		64,045
	125,000	5.50%, 08/01/25		148,933
	110,000	5.50%, 08/01/27		136,155

Principal Amount			Value
Texas: (continued)
$	450,000	Sam Rayburn Municipal Power Agency, Power Supply System (RB) 5.00%, 10/01/21	$	479,803
	190,000	Tarrant County Cultural Education Facilities Finance Corp., Buckingham Senior Living Community, Inc. Project, Series B-1 (RB) 4.50%, 12/02/19 (c) (d) *		133,000
	300,000	Tarrant County Cultural Education Facilities Finance Corp., Northwest Senior Housing Corp. Edgemere Project, Series A (RB) 5.00%, 11/15/25 (c)		319,902
	200,000	Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility (RB) 4.00%, 05/15/24 (c)		211,100
	500,000	Tarrant County Cultural Education Facilities Finance Corp., Retirement Facility, Series A (RB) 6.00%, 05/15/27 (c)		572,585
		Texas Municipal Gas Acquisition and Supply Corp. I, Senior Lien, Series A (RB)
	240,000	5.25%, 12/15/21		258,084
	155,000	5.25%, 12/15/22		171,694
	15,000	5.25%, 12/15/23		17,099
	60,000	5.25%, 12/15/24		70,196
	100,000	5.25%, 12/15/25		119,800
		Texas Municipal Gas Acquisition and Supply Corp. III, Gas Supply (RB)
	115,000	5.00%, 12/15/21		122,995
	70,000	5.00%, 12/15/22 (c)		76,908
	1,000,000	5.00%, 12/15/22 (c)		1,099,920
	105,000	5.00%, 12/15/22		115,482
				12,600,168
Vermont: 0.1%
	150,000	Vermont Economic Development Authority, Recovery Zone Facility (RB) 5.00%, 12/15/20		155,304
Virgin Islands: 1.5%
		Virgin Islands Public Finance Authority, Virgin Islands Gross Receipts Taxes Loan Note, Series C (RB)
	1,000,000	5.00%, 10/01/24 (c)		1,000,000
	300,000	5.00%, 10/01/24		301,500
	500,000	Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Senior Lien, Series A (RB) 5.00%, 10/01/20 (c)		503,165
	270,000	Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Senior Lien, Series A-1 (RB) 5.00%, 12/02/19 (c)		270,675
		Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Senior Lien, Series B (RB)
	30,000	5.00%, 12/02/19 (c)		30,056
	140,000	5.00%, 10/01/20 (c)		140,762

Principal Amount			Value
Virgin Islands: (continued)
$	750,000	Virgin Islands Public Finance Authority, Virgin Islands Matching Fund Subordinate Lien, Series C (RB) 5.00%, 12/02/19 (c)	$	751,875
		Virgin Islands Water and Power Authority, Series A (RB)
	440,000	4.00%, 07/01/21		426,637
	150,000	5.00%, 12/02/19 (c)		145,538
	75,000	5.00%, 12/02/19 (c)		72,188
	55,000	Virgin Islands Water and Power Authority, Series B (RB) 5.00%, 12/02/19 (c)		52,525
				3,694,921
Virginia: 1.0%
	140,000	Amherst Industrial Development Authority (RB) 4.75%, 12/02/19 (c)		139,558
	500,000	Chesapeake Bay Bridge and Tunnel District, First Tier (RB) 5.00%, 11/01/23		568,635
	75,000	Chesterfield Economic Development Authority, Brandermill Woods Project (RB) 4.13%, 01/01/22 (c)		76,796
	100,000	City of Newport News, Economic Development Authority, Residential Care Facilities (RB) 3.13%, 12/01/25 (c)		100,246
	125,000	Economic Development Authority of the City of Newport News, Residential Care Facilities (RB) 5.00%, 12/01/24		139,743
	325,000	Peninsula Town Center Community Development Authority (RB) 4.50%, 09/01/27 (c)		359,720
	500,000	Roanoke County Economic Development Authority, Series A (RB) 4.75%, 09/01/26 (c)		522,805
	500,000	Virginia College Building Authority, Regent University Project (RB) 5.00%, 12/02/19 (c)		485,250
				2,392,753
Washington: 1.2%
	120,000	Clark County Public Utility District No 1, Electric System Revenue (RB) 5.00%, 01/01/26 (c)		144,571
	155,000	King County Public Hospital District No. 4, Snoqualmie Valley Hospital, Series A (RB) 5.00%, 12/01/25		161,719
	500,000	Washington State Housing Finance Commission, Hearthstone Project, Series B (RB) 3.13%, 12/02/19 (c)		500,200
	475,000	Washington State Housing Finance Commission, Herons Key Senior Living, Series A (RB) 6.00%, 07/01/25		514,648

Principal Amount			Value
Washington: (continued)
$	350,000	Washington State Housing Finance Commission, Herons Key Senior Living, Series B (RB) 5.50%, 11/21/19 (c)	$	350,238
		Washington State Housing Finance Commission, Presbyterian Retirement Communities Northwest Projects, Series A (RB)
	250,000	3.75%, 07/01/26		258,207
	500,000	4.00%, 01/01/25 (c)		542,785
	500,000	Washington State Housing Finance Commission, Transforming Age Projects, Series B (RB) 2.38%, 07/01/21 (c)		500,600
				2,972,968
West Virginia: 0.3%
	370,000	County of Ohio, West Virginia Tax, Fort Henry Centre Tax Increment Financing District No. 1 (TA) 3.00%, 06/01/22 (c)		370,540
		West Virginia Hospital Finance Authority, Thomas Health System, Inc. (RB)
	65,000	6.25%, 11/18/19 (c)		38,025
	410,000	6.50%, 11/18/19 (c)		239,850
	150,000	West Virginia Hospital Finance Authority, West Virginia University Health System Obligated Group, Series A (RB) 5.00%, 06/01/26		181,017
				829,432
Wisconsin: 2.6%
	500,000	Public Finance Authority, Cedars Obligated Group (RB) 4.25%, 05/01/27 (c)		506,765
	2,000,000	Public Finance Authority, Celanese Corp., Series C (RB) 4.30%, 05/01/26 (c)		2,184,400
	500,000	Public Finance Authority, Corvian Community School Project, Series A (RB) 4.25%, 06/15/24 (c)		517,345
		Public Finance Authority, Friends Homes (RB)
	250,000	4.00%, 09/01/24		265,300
	500,000	4.00%, 09/01/26 (c)		538,285
	200,000	Public Finance Authority, North Carolina Charter Educational Foundation Project, Series A (RB) 4.10%, 06/15/26		199,534
	325,000	Public Finance Authority, North Carolina Leadership Academy, Series A (RB) 4.00%, 06/15/26 (c)		339,196
	250,000	Public Finance Authority, Phoenix Academy Project, Series A (RB) 5.00%, 06/15/24 (c)		254,935
	420,000	Public Finance Authority, Senior Airport Facilities, Series B (RB) 5.00%, 07/01/22		440,777

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Number of Shares			Value
CLOSED-END FUNDS: 99.9% (a)
	160,703	AllianceBernstein National Municipal Income Fund, Inc.	$	2,183,954
	75,273	BlackRock Investment Quality Municipal Trust, Inc.		1,146,408
	41,847	BlackRock Long-Term Municipal Advantage Trust		531,038
	197,501	BlackRock Muni Intermediate Duration Fund, Inc.		2,802,539
	90,328	BlackRock MuniAssets Fund, Inc.		1,399,181
	352,204	BlackRock Municipal 2030 Target Term Trust		8,410,632
	52,280	BlackRock Municipal Bond Trust		803,544
	134,387	BlackRock Municipal Income Quality Trust		1,870,667
	161,083	BlackRock Municipal Income Trust		2,243,886
	72,900	BlackRock Municipal Income Trust II		1,081,107
	134,293	BlackRock MuniEnhanced Fund, Inc.		1,498,710
	45,496	BlackRock MuniHoldings Fund, Inc.		739,765
	191,296	BlackRock MuniHoldings Investment Quality Fund		2,557,628
	114,184	BlackRock MuniHoldings Quality Fund II, Inc.		1,434,151
	65,839	BlackRock MuniHoldings Quality Fund, Inc.		826,279
	76,990	BlackRock MuniVest Fund II, Inc.		1,112,506
	238,050	BlackRock MuniVest Fund, Inc.		2,156,733
	163,458	BlackRock MuniYield Fund, Inc.		2,379,948
	43,578	BlackRock MuniYield Investment Fund		613,578
	114,896	BlackRock MuniYield Quality Fund II, Inc.		1,472,967
	379,060	BlackRock MuniYield Quality Fund III, Inc.		5,105,938
	152,467	BlackRock MuniYield Quality Fund, Inc.		2,251,938
	64,125	BNY Mellon Municipal Bond Infrastructure Fund, Inc.		926,606
	90,239	BNY Mellon Municipal Income, Inc.		798,615
	152,629	BNY Mellon Strategic Municipal Bond Fund, Inc.		1,297,346
	219,785	BNY Mellon Strategic Municipals, Inc.		1,892,349
	199,483	DWS Municipal Income Trust		2,290,065
	432,551	Eaton Vance Municipal Bond Fund		5,540,978
	38,005	Eaton Vance Municipal Income 2028 Term Trust		804,186
	198,328	Eaton Vance Municipal Income Trust		2,550,498
	40,349	Eaton Vance National Municipal Opportunities Trust		949,412
	200,044	Invesco Advantage Municipal Income Trust II		2,232,491
	143,854	Invesco Municipal Income Opportunities Trust		1,127,815

Number of Shares			Value
CLOSED-END FUNDS: (continued)
	308,399	Invesco Municipal Opportunity Trust	$	3,827,232
	251,518	Invesco Municipal Trust		3,103,732
	239,329	Invesco Quality Municipal Income Trust		2,991,612
	270,220	Invesco Trust for Investment Grade Municipals		3,464,220
	234,721	Invesco Value Municipal Income Trust		3,640,523
	82,826	MainStay Defined Term Municipal Opportunities Fund		1,726,922
	112,717	MFS High Income Municipal Trust		597,400
	186,523	MFS Municipal Income Trust		1,306,650
	64,909	Neuberger Berman Intermediate Municipal Fund, Inc.		1,010,633
	786,517	Nuveen AMT-Free Municipal Credit Income Fund		12,938,205
	42,489	Nuveen AMT-Free Municipal Value Fund		715,090
	916,499	Nuveen AMT-Free Quality Municipal Income Fund		13,014,286
	111,795	Nuveen Enhanced Municipal Value Fund		1,632,207
	208,286	Nuveen Intermediate Duration Municipal Term Fund		2,874,347
	58,649	Nuveen Intermediate Duration Quality Municipal Term Fund		807,010
	506,703	Nuveen Municipal Credit Income Fund		8,122,449
	202,703	Nuveen Municipal High Income Opportunity Fund		2,882,437
	724,445	Nuveen Municipal Value Fund, Inc.		7,555,961
	911,372	Nuveen Quality Municipal Income Fund		13,141,984
	78,420	Nuveen Select Tax-Free Income 2 Portfolio		1,171,595
	58,218	Nuveen Select Tax-Free Income Portfolio		951,282
	62,692	PIMCO Municipal Income Fund		940,380
	80,293	PIMCO Municipal Income Fund III		1,000,451
	119,985	Pioneer Municipal High Income Advantage Trust		1,292,238
	101,354	Pioneer Municipal High Income Trust		1,229,424
	177,582	Putnam Managed Municipal Income Trust		1,415,329
	152,313	Putnam Municipal Opportunities Trust		2,007,485
	133,903	Western Asset Managed Municipals Fund, Inc.		1,839,827
	32,090	Western Asset Municipal Defined Opportunity Trust, Inc.		702,129
Total Closed-End Funds (Cost: $158,809,059)				162,936,498
Other assets less liabilities: 0.1%				243,987
NET ASSETS: 100.0%			$	163,180,485

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

A summary of the Fund’s transactions in securities of affiliates for the period ended October 31, 2019 is set forth below:

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Note 1—Fund Organization—VanEck Vectors ETF Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust was incorporated in Delaware as a statutory trust on March 15, 2001. The Trust operates as a series fund, and offers multiple investment portfolios, each of which represents a separate series of the Trust. These financial statements relate only to the investment portfolios listed in the diversification table below (each a “Fund” and, collectively, the “Funds”).

Each Fund’s investment objective (except for Municipal Allocation) is to replicate as closely as possible, before fees and expenses, the price and yield performance of its index. The investment objective of Municipal Allocation is to maximize long-term after-tax return, consisting of capital appreciation and income exempt from federal income tax. The Funds (except CEF Municipal and Municipal Allocation) expect to use a sampling approach in seeking to achieve their objectives. Sampling means that Van Eck Associates Corporation (the “Adviser”) uses quantitative analysis to select bonds and other securities that represent a sample of securities in each Fund’s respective index in terms of key risk factors, performance attributes and other characteristics. The number of securities in each Fund will be based upon several factors, including asset size of the Fund. The Adviser generally expects each Fund to hold less than the total number of securities in its index, but reserves the right to hold as many securities as it believes necessary to achieve the Fund’s investment objective. CEF Municipal seeks to achieve its objectives through a portfolio of securities in substantially the same weighting as its index. The Municipal Allocation is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal circumstances, primarily in VanEck Vectors ETFs that invest in publicly traded municipal bonds.

Note 2—Significant Accounting Policies—The preparation of financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates.

The Funds are investment companies and follow accounting and reporting requirements of Accounting Standards Codification (“ASC”) 946 Financial Services—Investment Companies.

Note 3—Investment Management and Other Agreements—The Adviser is the investment adviser to the Funds. The Adviser receives a management fee, calculated daily and payable monthly based on an annual rate of each Fund’s average daily net assets. The Funds (except for CEF Municipal and Municipal Allocation) utilize a unitary management fee where the Adviser is responsible for all expenses of the Funds, excluding the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.

For CEF Municipal and Municipal Allocation the Adviser has agreed, until at least September 1, 2020 to waive management fees and assume expenses to prevent the Funds’ total annual operating expenses (excluding acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) from exceeding 0.40% and 0.08% of average daily net assets, respectively.

Refer to the Statement of Operations for the amounts waived/assumed by the Adviser for the period ended October 31, 2019.

In addition, Van Eck Securities Corporation, an affiliate of the Adviser, acts as the Funds’ distributor (the “Distributor”). Certain officers and a Trustee of the Trust are officers, directors or stockholders of the Adviser and Distributor.

Note 4—Capital Share Transactions—As of October 31, 2019, there were an unlimited number of capital shares of beneficial interest authorized by the Trust with no par value. Fund shares are not individually redeemable and are issued and redeemed at their net asset value per share only through certain authorized broker-dealers (“Authorized Participants”) in blocks of shares (“Creation Units”), consisting of 50,000 shares, or multiples thereof. The consideration for the purchase or redemption of Creation Units of the Funds generally consists of the in-kind contribution or distribution of securities constituting the Funds’ underlying index (“Deposit Securities”) plus a balancing cash component to equate the transaction to the net asset value per share of the Fund on the transaction date. Cash may also be substituted in an amount equivalent to the value of certain Deposit Securities, generally as a result of market circumstances, or when the securities are not available in sufficient quantity for delivery, or are not eligible for trading by the Authorized Participant. The Funds may issue Creation Units in advance of receipt of Deposit Securities subject to various conditions, including a requirement to maintain on deposit at the Custodian for the benefit of the Funds, collateral consisting of cash in the form of U.S. dollars at least equal to 115% of the daily marked to market value of the missing Deposit Securities.

Authorized Participants purchasing and redeeming Creation Units may pay transaction fees directly to The Bank of New York Mellon. In addition, the Funds may impose certain variable fees for creations and redemptions with respect to transactions in Creation Units for cash, or on transactions effected outside the clearing process, which are treated as

increases in capital. These variable fees, if any, are reflected in share transactions in the Statements of Changes in Net Assets.

Note 5—Investments—For the period ended October 31, 2019, purchases and sales of investments (excluding short-term investments and in-kind capital share transactions) and the purchases and sales of investments resulting from in-kind capital share transactions (excluding short-term investments) were as follows:

Note 6—Income Taxes—As of October 31, 2019, for Federal income tax purposes, the identified cost, gross unrealized appreciation, gross unrealized depreciation and net unrealized appreciation (depreciation), of investments owned were as follows:

The tax character of dividends paid to shareholders during the year ended April 30, 2019 was as follows:

The tax character of current year distributions will be determined at the end of the current fiscal year.

At April 30, 2019, the Funds had capital loss carryforwards available to offset future capital gains, as follows:

The Funds recognize interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statements of Operations. During the period ended October 31, 2019, the Funds did not incur any interest or penalties.

Note 7—Principal Risks—Investments in municipal securities involve risks similar to those of investing in any fund of fixed income securities traded on exchanges, such as market fluctuations caused by factors such as economic and political developments, changes in interest rates and perceived trends in security prices. The market for municipal bonds may be less liquid than for taxable bonds.

High-Yield and Short High-Yield invest in non-investment grade securities, often referred to as “junk bonds.” Economic downturns may disrupt the high yield market and impair the ability of issuers to repay principal and interest. These high yield securities may involve greater risks and considerations not typically associated with investing in U.S. government bonds and other high quality fixed-income securities. Also, an increase in interest rates would likely have an adverse impact on the value of such obligations. Moreover, high yield securities may be less liquid due to the extent that there is no established retail secondary market and because of a decline in the value of such securities. High-Yield and Short High-Yield may not be able to sell bonds at desired prices and that large purchases or sales of certain high-yield bond issues may cause substantial fluctuations in share price, yield and total return.

CEF Municipal invests in closed-end funds and Municipal Allocation invests in ETFs that may trade at a discount or premium to their net asset value. These Funds are dependent on the performance of underlying funds and are subject to the same risks of investing in municipal bonds. A closed-end fund may be leveraged as part of its investment strategy. As a result, CEF Municipal may be indirectly exposed to the effects of leverage through its investment in the underlying funds. Investments in underlying funds that use leverage may cause the value of the Fund’s shares to be more volatile than if the Fund invested in underlying funds that do not utilize leverage.

A more complete description of risks is included in each Fund’s Prospectus and Statement of Additional Information.

Note 8—Trustee Deferred Compensation Plan—The Trust has a Deferred Compensation Plan (the “Plan”) for Trustees under which the Trustees can elect to defer receipt of their trustee fees until retirement, disability or termination from the Board of Trustees. The fees otherwise payable to the participating Trustees are deemed invested in shares of the Funds as directed by the Trustees.

Effective September 1, 2010 the Intermediate, Long, Short and High Yield Funds adopted a unitary management fee where the Adviser is responsible for all expenses of the Funds. For these Funds, the liability for the Plan shown as “Deferred Trustee fees” in the Statements of Assets and Liabilities represents amounts accrued through that date. Amounts accrued after that date, including those from Short High-Yield, are represented in “Due to Adviser”.

For CEF Municipal and Municipal Allocation, the expense for the Plan is included in “Trustees’ fees and expenses” in the Statement of Operations. The liability for the Plan is shown as “Deferred Trustee fees” in the Statement of Assets and Liabilities.

Note 9—Bank Line of Credit—The Funds may participate in a $200 million committed credit facility (“Facility”) to be utilized for temporary financing until the settlement of sales or purchases of portfolio securities, the repurchase or redemption of shares of the Funds at the request of the shareholders and other temporary or emergency purposes. The Funds have agreed to pay commitment fees, pro rata, based on the unused but available balance. Interest is charged to the Funds at rates based on prevailing market rates in effect at the time of borrowings. During the period ended October 31, 2019, the following Funds borrowed under this facility:

As of October 31, 2019, outstanding loan balances, if any, are reflected in the Statements of Assets and Liabilities.

Note 10—Share Split—The Board of Trustees approved a 1 for 2 reverse share split for AMT-Free Intermediate Municipal Index ETF and High-Yield Municipal Index ETF. On October 26, 2018 shares began trading on a split adjusted basis. The Financial Highlights prior to October 26, 2018 have been adjusted to reflect the 1 for 2 reverse share split.

Note 11—Custodian Fees—The Funds have entered into an expense offset agreement with the custodian wherein they receive a credit toward the reduction of custodian fees whenever there are uninvested cash balances. The Funds could have invested their cash balances elsewhere if they had not agreed to a reduction in fees under the expense offset agreement with the custodian. For the period ended October 31, 2019, there were offsets to custodian fees and these amounts are reflected in custody expense in the Statements of Operations.

Note 12—Recent Accounting Pronouncements and Regulatory Requirements—The Funds early adopted certain provisions of Accounting Standards Update No. 2018-13 Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”) that eliminate and modify certain disclosure requirements for fair value measurements. The adoption of certain provisions of ASU 2018-13 had no material effect on the financial statements and related disclosures. Management evaluated the additional requirements, not yet adopted, and they are not expected to have a material impact to the financial statements. Public companies will be required to disclose the range and weighted average of significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years.

Effective May 1, 2019, the Funds adopted Accounting Standards Update ASU 2017-08, Receivables—Nonrefundable Fees and Other Costs (Subtopic 310-20): Premium Amortization on Purchased Callable Debt Securities (the “ASU 2017-08”), that shortened the amortization period for certain purchased callable debt securities held at premium to the earliest call date. The new guidance has not changed the accounting for purchased callable debt securities held at a discount. Based on management’s evaluation, the adoption of the ASU 2017-08 had no material effect on the financial statements and related disclosures.

Note 13—Subsequent Events—The Funds have evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

Effective November 1, 2019, CEF Municipal and Municipal Allocation utilize a unitary management fee structure where the Adviser has agreed until at least September 1, 2021, to pay all expenses of the Funds, excluding the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. The unitary management fees are 0.40% and 0.08%, respectively.

Effective November 4, 2019, State Street Bank and Trust Company is the Funds’ custodian, securities lending agent and transfer agent. Prior to November 4, 2019, Bank of New York Mellon provided these services to the Funds.

At a meeting held on June 13, 2019 (the “Renewal Meeting”), the Board of Trustees (the “Board”) of VanEck Vectors^®ETF Trust (the “Trust”), including all of the Trustees that are not interested persons of the Trust (the “Independent Trustees”), approved (i) the continuation of the investment management agreements (the “Municipal Investment Management Agreements”) between the Trust and Van Eck Associates Corporation (the “Adviser”) with respect to the VanEck Vectors AMT-Free 8-12 Year Municipal Index ETF, AMT-Free Intermediate Municipal Index ETF, AMT-Free Long Municipal Index ETF, AMT-Free National Municipal Index ETF, AMT-Free Short Municipal Index ETF, California Long Municipal Index ETF, High-Yield Municipal Index ETF, Massachusetts Municipal Index ETF, New Jersey Municipal Index ETF, New York Long Municipal Index ETF, Ohio Municipal Index ETF, Pennsylvania Municipal Index ETF, Puerto Rico and U.S. Territories Municipal Index ETF and Short High-Yield Municipal Index ETF (the “Municipal Funds”) and (ii) the continuation of the investment management agreement between the Trust and the Adviser (the “CEF Investment Management Agreement,” and together with the Municipal Investment Management Agreements, the “Investment Management Agreements”) with respect to the VanEck Vectors CEF Municipal Income ETF (the “CEF Muni Fund” and together with the Municipal Funds, the “Funds”).

The Board’s approval of the Investment Management Agreements was based on a comprehensive consideration of all of the information available to the Trustees and was not the result of any single factor. Some of the factors that figured particularly in the Trustees’ deliberations and how the Trustees considered those factors are described below, although individual Trustees may have evaluated the information presented differently, giving different weights to various factors.

In preparation for the Renewal Meeting, the Trustees held a meeting on May 10, 2019. At that meeting, the Trustees discussed the information the Adviser and Broadridge Financial Solutions, Inc. (“Broadridge”), an independent third party data provider, had provided to them in advance. The information provided to the Trustees included, among other things, information about the performance and expenses (for those Funds which had begun operations) of the Funds and the Funds’ peer funds (certain other index-based exchange-traded funds (“ETFs”)), information about the advisory services provided to the Funds and the personnel providing those services, and the profitability and other benefits enjoyed by the Adviser and its affiliates as a result of the Adviser’s relationship with the Funds. In reviewing performance information for the Funds against their peer groups, the Trustees considered that each Fund seeks to track a different index than the funds in its designated peer group and, therefore, each Fund’s performance will differ from its peers. In addition, as noted below, the Trustees reviewed certain performance information for each Fund which was not provided by Broadridge and which did not compare each Fund’s performance to the performance of its peer group. For these and other reasons, the Trustees noted that the peer group performance information did not necessarily provide meaningful direct comparisons to the Funds.

The Independent Trustees’ consideration of the Investment Management Agreements was based, in part, on their review of information obtained through discussions with the Adviser at the Renewal Meeting and with the Adviser at the May 10, 2019 meeting regarding the management of the Funds and information obtained at other meetings of the Trustees and/or based on their review of the materials provided by the Adviser, including the background and experience of the portfolio manager(s) and others involved in the management and administration of the Funds. The Trustees also considered the terms of, and scope of services that the Adviser provides under, the Investment Management Agreements, including, with respect to the CEF Muni Fund, the Adviser’s commitment to waive certain fees and/or pay expenses of the CEF Muni Fund to the extent necessary to prevent the operating expenses of the CEF Muni Fund from exceeding agreed upon limits for a period of time and, with respect to the Municipal Funds, the Adviser’s agreement to pay all of the direct expenses of the Municipal Funds (excluding the fee payment under the Municipal Investment Management Agreements, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses).

The Trustees concluded that the Adviser and its personnel have the requisite expertise and skill to manage the Funds’ portfolios. In evaluating the performance of each of the Funds that had commenced operations prior to the date of the Renewal Meeting (the “Operating Funds”), the Trustees reviewed various performance metrics but relied principally on a comparison of the “gross” performance of each Operating Fund (i.e., measured without regard to the impact of fees and expenses) to the performance of its benchmark index. Based on the foregoing, the Trustees concluded that the investment performance of the Operating Funds was satisfactory.

The Trustees also considered information relating to the financial condition of the Adviser and the current status, as they understood it, of the Adviser’s compliance environment.

As noted above, the Trustees were also provided various data from Broadridge comparing the Operating Funds’ expenses and performance to that of certain other ETFs. The Trustees noted that the information provided showed that each Operating Fund had management fees (after the effect of any applicable fee waiver) below the average and median of its respective peer group of funds, except for each of VanEck Vectors AMT-Free Intermediate Municipal Index ETF and AMT-Free Long Municipal Index ETF, which had management fees (after the effect of any applicable fee waiver) greater than the average but equal to the median of its respective peer group of funds. With respect to these Operating Funds, the Trustees reviewed the amount by which these Operating Funds’ management fees (after the effect of any applicable expense limitation) exceeded the average of their respective peer groups and information provided by the Adviser providing context for these comparisons. The Trustees also noted that the information provided showed that each Operating Fund had a total expense ratio (after the effect of any applicable expense limitation) below or equal to the average and median of its respective peer group of funds. The Trustees noted that the CEF Muni Fund had unique investment characteristics as a “fund of closed-end funds,” which differentiated the Fund from those funds contained in its Broadridge peer group because a portion of the fees attributable to the CEF Muni Fund were fees incurred by the funds in which it invests. The Trustees concluded, in light of this information and the other information available to them, that the fees paid by the Operating Funds were reasonable in light of the performance of the Operating Funds and the quality of services received.

The Trustees also considered the benefits, other than the fees under the Investment Management Agreements, received by the Adviser from serving as adviser to the Funds.

The Trustees also considered information provided by the Adviser about the overall profitability of the Adviser and its profitability or loss in respect of each Operating Fund. The Trustees reviewed each Operating Fund’s asset size, expense ratio and expense cap and noted that the Investment Management Agreements do not include breakpoints in the advisory fee rates as asset levels in a Fund increase. The Trustees considered the volatility of the asset classes in which certain of the Operating Funds invest, potential variability in the net assets of these Funds and the sustainability of any potential economies of scale which may exist given where fees are currently set. The Trustees also evaluated the extent to which management fees for the Operating Funds effectively incorporate the benefits of economies of scale. The Trustees also considered, with respect to the Municipal Funds, the risks being assumed by the Adviser under the unitary fee structure arrangement and the potential expense stability that may inure to the benefit of shareholders of the Municipal Funds. Based on the foregoing and the other information available to them, the Trustees determined that the advisory fee rate for each Operating Fund is reasonable and appropriate in relation to the current asset size of each Operating Fund and the other factors discussed above and that the advisory fee rate for each Operating Fund currently reflects an appropriate sharing with shareholders of any economies of scale which may exist. The Trustees also determined that the profits earned by the Adviser with respect to the Funds that were profitable to the Adviser were reasonable in light of the nature and quality of the services received by such Funds.

The Trustees did not consider historical information about the cost of the services provided by the Adviser or the profitability to the Adviser of VanEck Vectors AMT-Free 8-12 Year Municipal Index ETF, AMT-Free National Municipal Index ETF, California Long Municipal Index ETF, Massachusetts Municipal Index ETF, New Jersey Municipal Index ETF, New York Long Municipal Index ETF, Ohio Municipal Index ETF, Pennsylvania Municipal Index ETF and Puerto Rico and U.S. Territories Municipal Index ETF because the Funds had not yet commenced operations at the time of the Renewal Meeting. The Trustees could not consider the historical performance or actual management fees or operating expenses of, or the quality of services previously provided to, each of these Funds although they concluded that the nature, quality and extent of the services to be provided by the Adviser were appropriate based on the Trustees’ knowledge of the Adviser and its personnel and the operations of the other series of the Trust.

The Independent Trustees were advised by and met in executive session with their independent counsel at the Renewal Meeting and at their May 10, 2019 meeting, as part of their consideration of the Investment Management Agreements.

Subsequent to the approval of the continuation of the CEF Investment Management Agreement at the Renewal Meeting, at a meeting held on September 13, 2019 (the “September Meeting”), the Board of the Trust, including all of the Independent Trustees, approved an amended and restated CEF Investment Management Agreement (the “Amended and Restated CEF Investment Management Agreement”) between the Trust and the Adviser to convert the CEF Muni Fund to a unitary fee structure, pursuant to which the Adviser will pay all of the direct expenses of the CEF Muni Fund (excluding fees under the Amended and Restated CEF Investment Management Agreement, acquired fund

fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) in exchange for an annual unitary management fee rate equal to 0.40%, reflecting the existing management fee rate and expense limitation in the CEF Investment Management Agreement. The Municipal Investment Management Agreements, the CEF Investment Management Agreement and the Amended and Restated CEF Investment Management Agreement are collectively referred to as the “Agreements.”

Among other things, the Trustees considered the terms and scope of services that the Adviser would provide under the Amended and Restated CEF Investment Management Agreement and representations from the Adviser that the services to be provided by the Adviser to the CEF Muni Fund would not decrease in scope or quality under the unitary fee structure. The Trustees also considered the risks being assumed by the Adviser under the unitary fee structure and the potential expense stability that may inure to the benefit of shareholders of the CEF Muni Fund.

The Independent Trustees were advised by and met in executive session with their independent counsel at the September Meeting as part of their consideration of the Amended and Restated CEF Investment Management Agreement.

In voting to approve the continuation of the Municipal Investment Management Agreements and the CEF Investment Management Agreement and the adoption of the Amended and Restated CEF Investment Management Agreement, the Trustees, including the Independent Trustees, concluded that the terms of each Agreement are reasonable and fair in light of the services to be performed, expenses to be incurred and such other matters as the Trustees considered relevant in the exercise of their reasonable judgment. The Trustees further concluded that, at the time of their considerations, each Agreement is in the best interest of each Fund and such Fund’s shareholders.

The Board’s approval of the Investment Management Agreement was based on a comprehensive consideration of all of the information available to the Trustees and was not the result of any single factor. Some of the factors that figured particularly in the Trustees’ deliberations and how the Trustees considered those factors are described below, although individual Trustees may have evaluated the information presented differently, giving different weights to various factors.

In preparation for the Renewal Meeting, the Trustees held a meeting on May 10, 2019. At that meeting, the Trustees discussed the information that the Adviser had provided to them. The Independent Trustees’ consideration of the Investment Management Agreement was based, in part, on information obtained through discussions with the Adviser and its affiliates at the Renewal Meeting and the May 10, 2019 meeting regarding the management of the Fund and information obtained at other meetings of the Trustees and/or based on their review of the materials provided by the Adviser and its affiliates, including the background and experience of the portfolio managers and others involved in the management and administration of the Fund. The Trustees considered the terms of, and scope of services that the Adviser provides under, the Investment Management Agreement, including the Adviser’s commitment to waive certain fees and/or pay expenses of the Fund to the extent necessary to prevent the operating expenses of the Fund from exceeding an agreed upon limit for a period of time. The Trustees concluded that the Adviser and its personnel have the requisite expertise and skill to manage the Fund’s portfolio.

The Trustees also considered information relating to the financial condition of the Adviser and the current status, as they understood it, of the Adviser’s compliance environment.

The Trustees did not consider the historical performance of the Fund due to the Fund’s limited operational history (the Fund commenced operations on May 15, 2019). The Trustees also did not consider the actual management fees or operating expenses of, or the quality of services previously provided to, the Fund by the Adviser, although they concluded that the nature, quality, and extent of the services provided by the Adviser were appropriate based on the Trustees’ knowledge of the Adviser and its personnel and the operations of the other series of the Trust.

The Trustees also considered the benefits, other than the fees under the Investment Management Agreement, received by the Adviser from serving as adviser to the Fund.

The Trustees reviewed the Fund’s expense ratio and expense cap and noted that the Investment Management Agreement does not include breakpoints in the advisory fee rates as asset levels in the Fund increase. The Trustees considered the volatility of the asset classes in which the Fund invests, potential variability in the net assets of the Fund and the sustainability of any potential economies of scale which may exist given where fees are currently set. The Trustees also evaluated the extent to which management fees for the Fund effectively incorporate the benefits of economies of scale. The Trustees noted that the Adviser has capped expenses on the Fund since its inception. Based on the foregoing and the other information available to them, the Trustees determined that the advisory fee rate for the Fund is reasonable and appropriate in relation to the current asset size of the Fund and the other factors discussed above and that the advisory fee rate for the Fund currently reflects an appropriate sharing with shareholders of any economies of scale which may exist.

The Independent Trustees were advised by and met in executive session with their independent counsel at the Renewal Meeting and at their May 10, 2019 meeting as part of their consideration of the Investment Management Agreement.

Subsequent to the approval of the continuation of the Investment Management Agreement at the Renewal Meeting, at a meeting held on September 13, 2019 (the “September Meeting”), the Board of the Trust, including all of the Independent Trustees, approved an amended and restated investment management agreement (the “Amended and Restated Investment Management Agreement”) between the Trust and the Adviser to convert the Fund to a unitary fee structure, pursuant to which the Adviser will pay all of the direct expenses of the Fund (excluding fees under the Amended and Restated Investment Management Agreement, acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses) in exchange for an annual unitary management fee rate equal to 0.08%, reflecting the existing management fee rate and expense limitation in the Investment Management Agreement. The Investment Management Agreement and the Amended and Restated Investment Management Agreement are collectively referred to as the “Agreements.”

Among other things, the Trustees considered the terms and scope of services that the Adviser would provide under the Amended and Restated Investment Management Agreement and representations from the Adviser that the services to be provided by the Adviser to the Fund would not decrease in scope or quality under the unitary fee structure. The Trustees also considered the risks being assumed by the Adviser under the unitary fee structure and the potential expense stability that may inure to the benefit of shareholders of the Fund.

In voting to approve the continuation of the Investment Management Agreement and the adoption of the Amended and Restated Investment Management Agreement, the Trustees, including the Independent Trustees, concluded that the terms of the Agreements are reasonable and fair in light of the services to be performed, expenses to be incurred and such other matters as the Trustees considered relevant in the exercise of their reasonable judgment. The Trustees further concluded that, at the time of their considerations, each Agreement is in the best interest of the Fund and the Fund’s shareholders.

This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by a VanEck Vectors ETF Trust (the “Trust”) Prospectus, which includes more complete information. An investor should consider the investment objective, risks, and charges and expenses of the Funds carefully before investing. The prospectus contains this and other information about the investment company. Please read the prospectus carefully before investing.

Additional information about the Trust’s Board of Trustees/Officers and a description of the policies and procedures the Trust uses to determine how to vote proxies relating to portfolio securities are provided in the Statement of Additional Information. The Statement of Additional Information and information regarding how the Trust voted proxies relating to portfolio securities during the most recent twelve month period ending June 30 is available, without charge, by calling 800.826.2333, or by visiting vaneck.com, or on the Securities and Exchange Commission’s website at http://www.sec.gov.

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-PORT. The Trust’s Form N-PORT Filings are available on the Commission’s website at http://www.sec.gov and may be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 202.942.8090. The Funds’ complete schedules of portfolio holdings are also available by calling 800.826.2333 or by visiting vaneck.com.

The story for 2019 is simple and familiar—slower economic growth has been combated by expansive monetary policy.

The disclosure is based on an investment of $1,000 invested at the beginning of the period and held for the entire period, May 1, 2019 to October 31, 2019.

Number
of Shares			Value
COMMON STOCKS: 100.2%
Diversified Financials: 23.5%
	389,301	Bain Capital Specialty Finance, Inc.	$	7,381,147
	255,983	Barings BDC, Inc.		2,628,945
	520,450	BlackRock TCP Capital Corp.		7,203,028
	212,043	Fidus Investment Corp.		3,127,634
	171,510	Newtek Business Services Corp.		3,778,365
	956,215	Oaktree Specialty Lending Corp.		4,943,632
	448,949	Oxford Square Capital Corp.		2,294,129
	501,057	TCG BDC, Inc.		7,160,105
	469,760	TPG Specialty Lending, Inc.		10,005,888
	217,822	TriplePoint Venture Growth BDC Corp.		3,641,984
				52,164,857
Investment Companies: 76.7%
	562,062	Apollo Investment Corp.		8,908,683
	2,275,340	Ares Capital Corp.		41,638,722
	648,549	BlackRock Kelso Capital Corp.		3,002,782
	3,593,484	FS KKR Capital Corp.		20,518,794
	285,907	Gladstone Capital Corp.		2,821,902
	309,241	Gladstone Investment Corp.		3,992,301
	319,241	Goldman Sachs BDC, Inc.		6,649,790

Number
of Shares			Value
Investment Companies: (continued)
	900,660	Golub Capital BDC, Inc.	$	16,040,755
	811,712	Hercules Technology Growth Capital, Inc.		11,469,491
	437,524	Main Street Capital Corp.		18,835,408
	696,436	New Mountain Finance Corp.		9,457,601
	365,294	PennantPark Floating Rate Capital Ltd.		4,193,575
	568,505	PennantPark Investment Corp.		3,439,455
	2,112,587	Prospect Capital Corp.		13,605,060
	286,679	Solar Capital Ltd.		5,931,388
				170,505,707
Total Common Stocks (Cost: $231,045,778)				222,670,564
Liabilities in excess of other assets: (0.2)%				(521,753	)
NET ASSETS: 100.0%			$	222,148,811

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal
Amount			Value
CORPORATE BONDS: 74.0%
Consumer, Cyclical: 6.1%
CNY	1,400,000	China South Industries Group Co. Ltd. 3.20%, 04/19/20	$	198,824
	500,000	Sinochem International Corp. 3.61%, 06/06/21		70,983
				269,807
Consumer, Non-cyclical: 7.1%
	1,135,000	Jiangxi Ganyue Expressway Co. Ltd. 5.15%, 04/19/23		168,064
	1,000,000	Port of Dalian Corp. 3.94%, 11/26/20		142,383
				310,447
Energy: 7.3%
	1,200,000	China Petroleum & Chemical Corp. 4.90%, 06/01/22		175,852
	1,000,000	Jizhong Energy Resources Co. Ltd. 5.40%, 03/23/21		145,345
				321,197
Financial: 40.6%
	1,000,000	China Chengtong Holdings Group Ltd. 4.67%, 07/10/21		144,411
	3,400,000	China Development Bank Corp. 3.91%, 04/06/22		490,504
		China Fortune Land Development Co. Ltd.
	1,000,000	5.10%, 10/20/22		141,791
	1,000,000	7.00%, 03/03/21		144,814
	1,000,000	China Merchants Securities Co. Ltd. 5.08%, 05/26/25		149,133
	1,000,000	China Overseas Property Group Co. Ltd. 3.85%, 11/19/22		142,661
	700,000	Financial Street Holdings Co. Ltd. 4.24%, 08/31/22		100,077
	900,000	Guangzhou R&F Properties Co. Ltd. 7.00%, 01/22/21		128,458
	1,000,000	Guangzhou Yue Xiu Holdings Ltd. 5.20%, 02/28/20		142,828
	600,000	Poly Real Estate Group Co. Ltd. 4.00%, 01/15/21		85,773
	800,000	Wuxi Guolian Development Group Co. Ltd. 4.88%, 05/09/23		115,981
				1,786,431

Principal
Amount			Value
Industrial: 12.9%
CNY	1,248,200	China Railway Corp. 4.63%, 08/25/21	$	180,745
	500,000	Hubei Provincial Communications Investment Co. Ltd. 6.68%, 03/27/24		78,102
	1,000,000	Power Construction Corp. of China Ltd. 5.20%, 10/29/22		147,670
	1,080,000	Tianjin Infrastructure Construction & Investment Group Co. Ltd. 5.70%, 02/26/23		157,973
				564,490
Total Corporate Bonds (Cost: $3,465,567)				3,252,372
GOVERNMENT OBLIGATIONS: 24.0%
		China Government Bonds
	500,000	3.27%, 08/22/46		64,786
	5,347,000	3.40%, 04/17/23		766,226
	1,541,000	4.26%, 07/31/21		224,097
Total Government Obligations (Cost: $1,173,138)				1,055,109
Total Investments: 98.0% (Cost: $4,638,705)				4,307,481
Other assets less liabilities: 2.0%				90,090
NET ASSETS: 100.0%			$	4,397,571

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal
Amount			Value
CORPORATE BONDS: 33.1%
Argentina: 0.1%
USD	25,000	YPF SA Reg S 8.50%, 07/28/25	$	19,925
Austria: 0.4%
	64,000	JBS Investments GmbH Reg S 6.25%, 02/05/23		65,402
Bermuda: 0.8%
	101,431	Digicel Group Two Ltd. 144A 9.13% 04/01/24		18,765
	100,000	Ooredoo International Finance Ltd. Reg S 3.25%, 02/21/23		101,887
				120,652
Brazil: 1.0%
		Banco do Brasil SA Reg S
	50,000	5.88%, 01/26/22		52,475
	50,000	8.50% (US Treasury Yield Curve Rate T 10 Year+7.78%), 10/20/20 (o)		52,655
	50,000	Itau Unibanco Holding SA of Cayman Island Reg S 5.13%, 05/13/23		53,150
				158,280
British Virgin Islands: 2.9%
	100,000	China Cinda Finance I Ltd. Reg S 4.25%, 04/23/25		106,060
	57,000	CNOOC Finance Ltd. Reg S 3.88%, 05/02/22		58,920
	50,000	Gerdau Trade, Inc. Reg S 5.75%, 01/30/21		52,188
	200,000	Huarong Finance II Co. Ltd. Reg S 5.50%, 01/16/25		219,866
				437,034
Canada: 0.4%
	50,000	First Quantum Minerals Ltd. 144A 7.50%, 04/01/25		50,313
	12,000	First Quantum Minerals Ltd. Reg S 7.00%, 02/15/21		12,083
				62,396
Cayman Islands: 5.2%
	100,000	Alibaba Group Holding Ltd. 144A 3.60%, 11/28/24		105,119
	75,000	CK Hutchison International 17 Ltd. Reg S 2.88%, 04/05/22		75,861
	50,000	Comunicaciones Celulares SA Reg S 6.88%, 02/06/24		51,625
	75,000	Hutchison Whampoa International 11 Ltd. Reg S 4.63%, 01/13/22		78,445
	100,000	Saudi Electricity Global Sukuk Co. 2 144A 3.47%, 04/08/23		103,048

Principal
Amount			Value
Cayman Islands: (continued)
USD	200,000	Swire Pacific MTN Financing Ltd. Reg S 4.50%, 10/09/23	$	214,589
		Vale Overseas Ltd.
	60,000	4.38%, 01/11/22		62,760
	75,000	6.88%, 11/21/36		95,430
				786,877
China / Hong Kong: 0.7%
	100,000	Bank of China Ltd. Reg S 5.00%, 11/13/24		109,143
Colombia: 1.0%
	100,000	Bancolombia SA 4.88% (US Treasury Yield Curve Rate T 5 Year+2.93%), 10/18/27		103,126
	40,000	Ecopetrol SA 5.38%, 06/26/26		44,900
COP	24,857,000	Empresas Públicas de Medellín ESP Reg S 8.38%, 02/01/21		7,589
				155,615
Curacao: 0.1%
USD	10,000	Teva Pharmaceutical Finance Co. BV 2.95%, 12/18/22		9,138
Czech Republic: 0.5%
EUR	50,000	CEZ AS Reg S 4.88%, 04/16/25		69,082
France: 0.4%
	50,000	mFinance France SA Reg S 2.00%, 11/26/21		57,866
India: 1.1%
USD	50,000	ICICI Bank Ltd. Reg S 4.00%, 03/18/26		52,180
	100,000	State Bank of India/London 144A 4.88%, 04/17/24		108,575
				160,755
Indonesia: 1.2%
	70,000	Pertamina Persero PT 144A 4.30%, 05/20/23		73,916
	100,000	Perusahaan Listrik Negara PT Reg S 4.13%, 05/15/27		104,791
				178,707
Ireland: 0.8%
EUR	100,000	Vnesheconombank Via VEB Finance Plc Reg S 4.03%, 02/21/23		124,397
Luxembourg: 2.2%
		Gaz Capital SA Reg S
USD	100,000	6.51%, 03/07/22		108,808
	60,000	8.63%, 04/28/34		86,131
	100,000	Gazprom OAO Via Gaz Capital SA Reg S 7.29%, 08/16/37		135,286
				330,225

Principal Amount			Value
Malaysia: 0.7%
USD	100,000	Petronas Capital Ltd. Reg S 7.88%, 05/22/22	$	113,528
Mexico: 4.0%
	125,000	America Movil SAB de CV 6.13%, 03/30/40		169,727
	50,000	Comision Federal de Electricidad Reg S 4.88%, 01/15/24		53,438
		Petróleos Mexicanos
	75,000	6.50%, 03/13/27		79,687
	50,000	6.50%, 06/02/41		49,863
	64,000	6.63%, 06/15/38		63,457
	50,000	6.75%, 09/21/47		49,995
EUR	110,000	Petróleos Mexicanos Reg S 5.50%, 02/24/25		138,754
				604,921
Netherlands: 3.4%
USD	100,000	Lukoil International Finance BV Reg S 6.66%, 06/07/22		110,319
	75,000	MDGH-GMTN BV Reg S 5.50%, 03/01/22		80,445
	50,000	Metinvest BV 144A 7.75%, 04/23/23		52,403
		Petrobras Global Finance BV
	12,000	4.38%, 05/20/23		12,534
	50,000	6.00%, 01/27/28		56,478
	60,000	6.75%, 01/27/41		69,637
EUR	100,000	Teva Pharmaceutical Finance Netherlands II BV Reg S 1.13%, 10/15/24		89,811
		Teva Pharmaceutical Finance Netherlands III BV
USD	20,000	2.20%, 07/21/21		19,035
	20,000	2.80%, 07/21/23		17,350
	20,000	3.15%, 10/01/26		15,100
				523,112
Peru: 0.9%
	125,000	Banco de Credito del Peru Reg S 4.25%, 04/01/23		132,212
Turkey: 1.0%
	50,000	Turkiye Garanti Bankasi AS Reg S 5.25%, 09/13/22		50,285
	100,000	Yapi ve Kredi Bankasi AS 144A 6.10%, 03/16/23		99,615
				149,900
United Arab Emirates: 1.7%
	100,000	DP World Ltd. Reg S 6.85%, 07/02/37		131,738
EUR	100,000	Emirates Telecommunications Group Co. PJSC Reg S 2.75%, 06/18/26		128,979
				260,717

Principal Amount			Value
United Kingdom: 1.9%
		Anglo American Capital Plc Reg S
USD	50,000	3.63%, 09/11/24	$	51,917
	50,000	4.75%, 04/10/27		54,243
	50,000	AngloGold Ashanti Holdings Plc 5.13%, 08/01/22		52,742
	25,000	DTEK Finance Plc 10.75%, 12/31/24		25,538
	100,000	Vedanta Resources Plc Reg S 6.38%, 07/30/22		99,250
				283,690
United States: 0.7%
	100,000	DAE Funding LLC Reg S 5.00%, 08/01/24		104,630
Total Corporate Bonds (Cost: $4,791,279)				5,018,204
GOVERNMENT OBLIGATIONS: 65.2%
Angola: 0.3%
	50,000	Angolan Government International Bond 144A 8.25%, 05/09/28		52,352
Argentina: 0.3%
EUR	120,000	Provincia de Buenos Aires Reg S 4.00%, 05/15/35 (s)		48,565
Bahrain: 0.8%
		Bahrain Government International Bonds 144A
USD	64,000	6.13%, 08/01/23		69,905
	50,000	6.75%, 09/20/29		57,124
				127,029
Brazil: 4.8%
		Brazil Government International Bonds
	25,000	4.25%, 01/07/25		26,531
	20,000	4.88%, 01/22/21		20,695
	50,000	7.13%, 01/20/37		64,376
		Brazil Letras do Tesouro Nacional
BRL	240,000	0.00%04/01/21 ^		56,161
	220,000	0.00%07/01/21 ^		50,826
	200,000	0.00%01/01/22 ^		44,927
	180,000	0.00%07/01/22 ^		39,253
	190,000	0.00%07/01/23 ^		38,795
		Brazil Notas do Tesouro Nacional, Series F
	305,000	10.00%, 01/01/21		80,429
	395,000	10.00%, 01/01/23		111,032
	300,000	10.00%, 01/01/25		87,661
	230,000	10.00%, 01/01/27		69,321
	105,000	10.00%, 01/01/29		32,355
				722,362
Cayman Islands: 0.7%
		KSA Sukuk Ltd. 144A
USD	50,000	2.89%, 04/20/22		50,837
	50,000	3.63%, 04/20/27		52,557
				103,394

Principal Amount			Value
Chile: 3.0%
		Bonos de la Tesoreria de la Republica de Chile
CLP	5,000,000	4.50%, 03/01/21	$	6,998
	30,000,000	4.50%, 03/01/26		44,081
	25,000,000	5.00%, 03/01/35		39,922
	20,000,000	6.00%, 01/01/43		37,013
USD	100,000	Chile Government International Bond 3.13%, 03/27/25		105,000
EUR	100,000	Corp. Nacional del Cobre de Chile Reg S 2.25%, 07/09/24		122,035
USD	100,000	Empresa Nacional del Petroleo Reg S 4.75%, 12/06/21		103,983
				459,032
China / Hong Kong: 0.7%
	100,000	Export-Import Bank of China Reg S 3.63%, 07/31/24		105,942
Colombia: 2.5%
		Colombia Government International Bonds
	25,000	4.00%, 02/26/24		26,458
	50,000	5.00%, 06/15/45		58,363
	25,000	6.13%, 01/18/41		32,469
		Colombian TES
COP	132,200,000	6.00%, 04/28/28		39,669
	69,000,000	6.25%, 11/26/25		21,247
	137,500,000	7.00%, 05/04/22		42,771
	68,000,000	7.00%, 06/30/32		21,635
	158,100,000	7.50%, 08/26/26		51,869
	100,500,000	7.75%, 09/18/30		33,817
	139,400,000	10.00%, 07/24/24		49,585
				377,883
Croatia: 0.6%
USD	75,000	Croatia Government International Bond 144A 6.00%, 01/26/24		86,357
Czech Republic: 1.3%
		Czech Republic Government Bonds
CZK	250,000	0.25%, 02/10/27		10,107
	110,000	0.75%, 02/23/21		4,781
	230,000	2.00%, 10/13/33		10,871
	430,000	2.75%, 07/23/29		21,213
		Czech Republic Government Bonds Reg S
	250,000	0.45%, 10/25/23		10,624
	420,000	0.95%, 05/15/30		17,595
	380,000	1.00%, 06/26/26		16,291
	440,000	2.40%, 09/17/25		20,512
	440,000	2.50%, 08/25/28		21,025
	50,000	Czech Republic International Bonds Reg S 3.88%, 05/24/22		61,913
				194,932

Principal Amount			Value
Dominican Republic: 0.5%
		Dominican Republic International Bonds Reg S
USD	25,000	5.95%, 01/25/27	$	27,532
	25,000	6.85%, 01/27/45		28,282
	14,133	7.50%, 05/06/21		14,752
				70,566
Ecuador: 0.6%
	50,000	Ecuador Government International Bonds 144A 7.95%, 06/20/24		48,313
	50,000	Ecuador Government International Bonds Reg S 7.88%, 01/23/28		44,925
				93,238
Egypt: 0.4%
	50,000	Egypt Government International Bond 144A 7.50%, 01/31/27		54,376
El Salvador: 0.2%
	30,000	El Salvador Government International Bonds Reg S 7.65%, 06/15/35		32,775
Hungary: 1.9%
		Hungary Government Bonds
HUF	7,400,000	1.75%, 10/26/22		26,115
	2,600,000	2.50%, 10/27/21		9,279
	5,500,000	3.00%, 06/26/24		20,586
	7,450,000	3.00%, 10/27/27		28,137
	6,520,000	5.50%, 06/24/25		27,553
	6,600,000	6.00%, 11/24/23		27,243
	6,100,000	7.00%, 06/24/22		24,451
	4,830,000	7.50%, 11/12/20		17,672
USD	100,000	Hungary Government International Bonds 6.38%, 03/29/21		106,012
				287,048
Indonesia: 5.6%
		Indonesia Government International Bonds Reg S
	75,000	7.75%, 01/17/38		111,944
	100,000	8.50%, 10/12/35		156,508
		Indonesia Treasury Bonds
IDR	579,000,000	5.63%, 05/15/23		40,470
	712,000,000	6.13%, 05/15/28		48,524
	598,000,000	6.63%, 05/15/33		40,210
	635,000,000	7.00%, 05/15/22		46,131
	696,000,000	7.00%, 05/15/27		50,377
	140,000,000	8.13%, 05/15/24		10,659
	595,000,000	8.25%, 07/15/21		44,034
	230,000,000	8.25%, 05/15/29		17,856
	425,000,000	8.25%, 05/15/36		32,194
	610,000,000	8.38%, 03/15/24		46,711
	709,000,000	8.38%, 09/15/26		55,309
	628,000,000	8.38%, 03/15/34		48,477
	268,000,000	8.75%, 05/15/31		21,348
	630,000,000	9.00%, 03/15/29		50,866
	214,000,000	10.50%, 08/15/30		18,945

Principal Amount			Value
Indonesia: (continued)
IDR	66,000,000	11.00%, 11/15/20	$	4,962
				845,525
Israel: 2.5%
		Israel Government Bonds
ILS	120,000	1.75%, 08/31/25		36,375
	110,000	2.00%, 03/31/27		34,093
	50,000	3.75%, 03/31/24		16,267
	155,000	4.25%, 03/31/23		49,865
	130,000	5.50%, 01/31/22		41,298
	120,000	5.50%, 01/31/42		57,510
	100,000	6.25%, 10/30/26		39,208
		Israel Government International Bonds
USD	50,000	4.00%, 06/30/22		52,774
	50,000	4.50%, 01/30/43		60,488
				387,878
Jamaica: 0.4%
	50,000	Jamaica Government International Bonds 6.75%, 04/28/28		59,213
Kazakhstan: 0.4%
	50,000	Kazakhstan Government International Bonds Reg S 5.13%, 07/21/25		56,787
Kuwait: 0.3%
	40,000	Kuwait International Government Bonds 144A 3.50%, 03/20/27		43,135
Lebanon: 0.6%
	140,000	Lebanon Government International Bonds Reg S 8.25%, 04/12/21		97,831
Malaysia: 3.9%
		Malaysia Government Bonds
MYR	130,000	3.42%, 08/15/22		31,314
	225,000	3.48%, 03/15/23		54,237
	47,000	3.66%, 10/15/20		11,307
	130,000	3.73%, 06/15/28		31,646
	130,000	3.80%, 09/30/22		31,629
	180,000	3.84%, 04/15/33		43,616
	32,000	3.88%, 03/10/22		7,786
	175,000	3.89%, 03/15/27		43,141
	92,000	3.90%, 11/16/27		22,674
	147,000	3.96%, 09/15/25		36,228
	25,000	4.05%, 09/30/21		6,087
	125,000	4.06%, 09/30/24		30,892
	150,000	4.16%, 07/15/21		36,527
	123,000	4.18%, 07/15/24		30,503
	130,000	4.23%, 06/30/31		32,847
	125,000	4.39%, 04/15/26		31,683
	125,000	4.50%, 04/15/30		32,250
	133,000	4.74%, 03/15/46		35,645
	130,000	4.76%, 04/07/37		35,067
	35,000	4.89%, 06/08/38		9,559
				594,638

Principal Amount			Value
Mexico: 5.6%
		Mexican Bonos
MXN	664,000	5.75%, 03/05/26	$	32,996
	1,128,000	6.50%, 06/10/21		58,763
	1,150,000	6.50%, 06/09/22		59,973
	1,110,000	7.25%, 12/09/21		58,739
	1,190,100	7.50%, 06/03/27		64,927
	546,000	7.75%, 05/29/31		30,485
	477,000	7.75%, 11/23/34		26,715
	762,000	7.75%, 11/13/42		42,495
	906,000	8.00%, 12/07/23		49,721
	394,000	8.00%, 11/07/47		22,643
	520,000	8.50%, 05/31/29		30,415
	620,000	8.50%, 11/18/38		37,116
	1,095,000	10.00%, 12/05/24		65,476
	430,000	10.00%, 11/20/36		29,058
		Mexico Government International Bonds
USD	77,000	4.00%, 10/02/23		81,840
	75,000	4.75%, 03/08/44		82,051
	60,000	6.05%, 01/11/40		76,726
				850,139
Nigeria: 1.0%
NGN	18,470,000	Nigeria Government Bonds 16.39%, 01/27/22		53,914
USD	100,000	Nigeria Government International Bonds 144A 6.50%, 11/28/27		100,534
				154,448
Oman: 0.8%
		Oman Government International Bonds 144A
	75,000	5.63%, 01/17/28		74,398
	50,000	6.75%, 01/17/48		47,058
				121,456
Panama: 0.3%
		Panama Government International Bonds
	20,000	3.88%, 03/17/28		21,788
	19,400	7.13%, 01/29/26		24,420
				46,208
Peru: 2.1%
		Peru Government Bonds
PEN	45,000	5.70%, 08/12/24		14,992
	90,000	6.35%, 08/12/28		31,379
	60,000	6.85%, 02/12/42		22,293
	60,000	6.90%, 08/12/37		22,196
	65,000	6.95%, 08/12/31		23,794
	55,000	8.20%, 08/12/26		20,842
		Peru Government Bonds Reg S 144A
	44,000	5.40%, 08/12/34		14,146
	74,000	5.94%, 02/12/29		25,097
	70,000	6.15%, 08/12/32		24,064
		Peru Government International Bonds
USD	62,000	7.35%, 07/21/25		78,864
	25,000	8.75%, 11/21/33		41,313
				318,980

Principal Amount			Value
Philippines: 1.1%
		Philippine Government International Bonds
USD	50,000	5.00%, 01/13/37	$	63,902
	25,000	6.38%, 10/23/34		35,368
	25,000	9.50%, 02/02/30		40,338
	25,000	10.63%, 03/16/25		35,695
				175,303
Poland: 3.0%
		Republic of Poland Government Bonds
PLN	180,000	1.75%, 07/25/21		47,472
	160,000	2.25%, 04/25/22		42,693
	154,000	2.50%, 01/25/23		41,488
	175,000	2.50%, 07/25/26		47,681
	175,000	2.50%, 07/25/27		47,808
	130,000	2.75%, 04/25/28		36,187
	14,000	2.75%, 10/25/29		3,930
	130,000	3.25%, 07/25/25		36,734
	135,000	4.00%, 10/25/23		38,564
	110,000	5.25%, 10/25/20		30,007
	100,000	5.75%, 10/25/21		28,406
	120,000	5.75%, 09/23/22		35,165
	50,000	5.75%, 04/25/29		17,630
				453,765
Qatar: 1.0%
USD	100,000	Qatar Government International Bonds Reg S 6.40%, 01/20/40		146,337
Romania: 1.6%
		Romania Government Bonds
RON	80,000	3.25%, 03/22/21		18,750
	60,000	3.25%, 04/29/24		13,775
	80,000	3.40%, 03/08/22		18,732
	80,000	4.75%, 02/24/25		19,539
	60,000	5.80%, 07/26/27		15,663
	70,000	5.85%, 04/26/23		17,592
	70,000	5.95%, 06/11/21		17,074
		Romanian Government International Bonds Reg S
EUR	25,000	2.75%, 10/29/25		31,665
	45,000	3.88%, 10/29/35		59,951
USD	25,000	4.88%, 01/22/24		27,516
				240,257
Russia: 3.6%
		Russian Federal Bonds
RUB	700,000	6.50%, 02/28/24		11,104
	1,690,000	6.90%, 05/23/29		27,369
	2,000,000	7.00%, 12/15/21		31,887
	1,200,000	7.00%, 08/16/23		19,337
	2,000,000	7.05%, 01/19/28		32,698
	2,300,000	7.10%, 10/16/24		37,398
	800,000	7.25%, 05/10/34		13,260
	2,400,000	7.40%, 12/07/22		39,075
	510,000	7.40%, 07/17/24		8,383
	1,930,000	7.50%, 08/18/21		30,941
	800,000	7.60%, 07/20/22		12,999
	2,600,000	7.70%, 03/23/33		44,698

Principal Amount			Value
Russia: (continued)
RUB	2,100,000	7.75%, 09/16/26	$	35,611
	800,000	7.95%, 10/07/26		13,716
	2,080,000	8.15%, 02/03/27		35,933
	1,700,000	8.50%, 09/17/31		30,915
		Russian Foreign Bonds Reg S
USD	33,500	7.50%, 03/31/30 (s)		38,341
	45,000	12.75%, 06/24/28		76,751
				540,416
Saudi Arabia: 0.4%
	50,000	Saudi Government International Bonds 144A 4.50%, 10/26/46		55,124
South Africa: 3.8%
		Republic of South Africa Government Bonds
ZAR	193,000	6.25%, 03/31/36		9,168
	700,000	7.00%, 02/28/31		38,784
	550,000	7.75%, 02/28/23		36,751
	760,000	8.00%, 01/31/30		46,440
	600,000	8.25%, 03/31/32		36,114
	700,000	8.50%, 01/31/37		40,998
	720,000	8.75%, 01/31/44		41,970
	1,175,000	8.75%, 02/28/48		67,956
	550,000	8.88%, 02/28/35		33,926
	320,000	9.00%, 01/31/40		19,368
	1,050,000	10.50%, 12/21/26		76,536
		Republic of South Africa Government International Bonds
USD	50,000	4.30%, 10/12/28		48,313
	75,000	5.88%, 09/16/25		81,922
				578,246
Sri Lanka: 0.6%
		Sri Lanka Government International Bonds 144A
	50,000	5.75%, 04/18/23		50,173
	40,000	6.85%, 11/03/25		40,637
				90,810
Thailand: 3.7%
		Thailand Government Bonds
THB	1,300,000	1.88%, 06/17/22		43,588
	1,300,000	2.00%, 12/17/22		43,833
	1,400,000	2.13%, 12/17/26		48,290
	160,000	2.40%, 12/17/23		5,512
	124,000	2.88%, 12/17/28		4,571
	1,350,000	3.40%, 06/17/36		56,076
	1,033,000	3.63%, 06/16/23		36,874
	1,315,000	3.65%, 12/17/21		45,589
	1,300,000	3.65%, 06/20/31		52,519
	589,000	3.78%, 06/25/32		24,379
	1,250,000	3.85%, 12/12/25		47,274
	1,000,000	4.68%, 06/29/44		52,870
	1,400,000	4.88%, 06/22/29		60,113
	900,000	Thailand Government Bonds Reg S 4.26%, 12/12/37		41,194
				562,682

Principal Amount			Value
Turkey: 2.9%
		Turkey Government International Bonds
USD	60,000	5.63%, 03/30/21	$	61,441
	50,000	6.00%, 03/25/27		49,610
	90,000	6.88%, 03/17/36		88,883
TRY	100,000	7.10%, 03/08/23		15,072
USD	80,000	7.38%, 02/05/25		85,978
TRY	170,000	8.00%, 03/12/25		24,393
	100,000	9.20%, 09/22/21		16,726
	130,000	10.50%, 08/11/27		20,527
	118,000	10.60%, 02/11/26		18,983
	100,000	10.70%, 08/17/22		16,788
	130,000	11.00%, 03/02/22		22,229
	27,000	12.20%, 01/18/23		4,726
	110,000	12.40%, 03/08/28		19,237
				444,593
United Arab Emirates: 0.8%
		Abu Dhabi Government International Bonds 144A
USD	50,000	2.50%, 10/11/22		50,601
	65,000	3.13%, 10/11/27		67,972
				118,573

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
CORPORATE BONDS: 94.0%
Argentina: 3.9%
$	468,750	Aeropuertos Argentina 2000 SA 144A 6.88%, 02/01/27	$	437,109
	350,000	AES Argentina Generacion SA 144A 7.75%, 02/02/24		275,625
	475,000	Agua y Saneamientos Argentinos SA Reg S 6.63%, 02/01/23		188,813
	550,000	Arcor SAIC 144A 6.00%, 07/06/23		495,143
	350,000	Banco Macro SA 144A 6.75% (USD Swap Semi 30/360 5 Year+5.46%), 11/04/26		257,250
	500,000	Cablevision SA 144A 6.50%, 06/15/21		476,250
	300,000	Capex SA 144A 6.88%, 05/15/24		240,003
	300,000	Cia General de Combustibles SA 144A 9.50%, 11/07/21		234,000
	400,000	Cia Latinoamericana de Infraestructura & Servicios SA 144A 9.50%, 07/20/23		186,000
	300,000	Generacion Mediterranea SA 144A 9.63%, 07/27/23		171,000
	600,000	Genneia SA 144A 8.75%, 01/20/22		408,000
	400,000	IRSA Propiedades Comerciales SA 144A 8.75%, 03/23/23		325,004
		Pampa Energia SA 144A
	500,000	7.38%, 07/21/23		437,500
	800,000	7.50%, 01/24/27		644,808
	350,000	9.13%, 04/15/29		285,950
	350,000	Pan American Energy LLC 144A 7.88%, 05/07/21		355,250
	550,000	Rio Energy SA / UGEN SA / UENSA SA 144A 6.88%, 02/01/25		321,756
	500,000	Tecpetrol SA 144A 4.88%, 12/12/22		460,625
	400,000	Telecom Argentina SA 144A 8.00%, 07/18/26		361,000
	500,000	Transportadora de Gas del Sur SA 144A 6.75%, 05/02/25		421,750
	450,000	YPF Energia Electrica SA 144A 10.00%, 07/25/26		342,630
		YPF SA 144A
	1,180,000	6.95%, 07/21/27		886,782
	675,000	7.00%, 12/15/47		481,788
	950,000	8.50%, 03/23/21		871,625
	1,600,000	8.50%, 07/28/25		1,275,200
	500,000	8.50%, 06/27/29		383,600
	1,300,000	8.75%, 04/04/24		1,092,000
				12,316,461
Austria: 0.5%
	100,000	BRF GmbH 144A 4.35%, 09/29/26		99,876

Principal Amount			Value
Austria: (continued)
$	200,000	Eldorado Intl. Finance GmbH 144A 8.63%, 06/16/21	$	210,010
	200,000	JBS Investments GmbH 144A 6.25%, 02/05/23		204,380
		JBS Investments II GmbH 144A
	200,000	5.75%, 01/15/28		208,850
	500,000	7.00%, 01/15/26		543,250
	200,000	Klabin Austria GmbH 144A 5.75%, 04/03/29		212,240
				1,478,606
Azerbaijan: 1.0%
	2,075,000	Southern Gas Corridor CJSC 144A 6.88%, 03/24/26		2,423,301
	700,000	State Oil Co. of the Azerbaijan Republic Reg S 6.95%, 03/18/30		842,698
				3,265,999
Bahrain: 0.9%
	500,000	BBK BSC Reg S 5.50%, 07/09/24		507,050
		Oil and Gas Holding Co. BSCC 144A
	1,075,000	7.50%, 10/25/27		1,203,552
	500,000	7.63%, 11/07/24		567,625
	500,000	8.38%, 11/07/28		589,491
				2,867,718
Belarus: 0.2%
	500,000	Development Bank of the Republic of Belarus JSC 144A 6.75%, 05/02/24		526,283
Bermuda: 1.7%
	200,000	China Oil & Gas Group Ltd. Reg S 4.63%, 04/20/22		201,297
	200,000	Cosan Ltd. 144A 5.50%, 09/20/29		208,150
	912,000	Digicel Group One Ltd. 144A 8.25%, 12/30/22		543,780
		Digicel Group Two Ltd. 144A
	698,000	8.25%, 09/30/22		184,970
	1,217,183	9.13% 04/01/24		225,179
		Digicel Ltd. 144A
	1,275,000	6.00%, 04/15/21		956,263
	900,000	6.75%, 03/01/23		477,009
	400,000	GCL New Energy Holdings Ltd. Reg S 7.10%, 01/30/21		370,616
	500,000	Geopark Ltd. 144A 6.50%, 09/21/24		518,625
	400,000	Hopson Development Holdings Ltd. Reg S 7.50%, 06/27/22		405,840
	600,000	Inkia Energy Ltd. 144A 5.88%, 11/09/27		624,006
	750,000	Li & Fung Ltd. Reg S 5.25%, 11/03/21 (o)		580,125
				5,295,860
Brazil: 4.0%
		Banco Bradesco SA 144A
	450,000	5.75%, 03/01/22		478,692
	600,000	5.90%, 01/16/21		621,840

Principal Amount			Value
Brazil: (continued)
$	75,000	Banco BTG Pactual SA 144A 5.75%, 09/28/22	$	78,816
	300,000	Banco BTG Pactual SA Reg S 5.75%, 09/28/22		315,263
	700,000	Banco do Brasil SA 3.88%, 10/10/22		718,200
		Banco do Brasil SA 144A
	730,000	5.88%, 01/26/22		766,135
	400,000	5.88%, 01/19/23		431,504
		Banco do Brasil SA/Cayman 144A
	200,000	4.63%, 01/15/25		209,250
	400,000	4.75%, 03/20/24		419,700
	200,000	4.88%, 04/19/23		210,375
	200,000	5.38%, 01/15/21		206,252
	50,000	Banco do Estado do Rio Grande do Sul SA 144A 7.38%, 02/02/22		53,688
	200,000	Banco do Estado do Rio Grande do Sul SA Reg S 7.38%, 02/02/22		214,752
		Banco Nacional de Desenvolvimento Economico e Social 144A
	400,000	4.75%, 05/09/24		426,004
	300,000	5.75%, 09/26/23		331,875
	400,000	Banco Safra SA 144A 6.75%, 01/27/21		419,740
	400,000	Banco Votorantim SA 144A 4.00%, 09/24/22		409,540
		BRF SA 144A
	550,000	4.75%, 05/22/24		572,137
	200,000	4.88%, 01/24/30		199,780
	200,000	Caixa Economica Federal 144A 3.50%, 11/07/22		202,750
	560,000	Cemig Geracao e Transmissao SA 144A 9.25%, 12/05/24		655,066
	660,000	Centrais Eletricas Brasileiras SA 144A 5.75%, 10/27/21		693,000
	200,000	Cia de Saneamento Basico do Estado de Sao Paulo Reg S 6.25%, 12/16/20		203,000
		Globo Comunicacao e Participacoes SA 144A
	150,000	4.84%, 06/08/25		155,627
	150,000	4.88%, 04/11/22		156,094
		Itau Unibanco Holding SA 144A
	1,200,000	5.13%, 05/13/23		1,275,600
	950,000	5.75%, 01/22/21		983,734
	200,000	6.20%, 12/21/21		213,000
	300,000	Itau Unibanco Holding SA/Cayman Island 144A 5.50%, 08/06/22		318,900
	200,000	Light Servicos de Eletricidade SA/Light Energia SA 144A 7.25%, 05/03/23		216,002
	300,000	Natura Cosmeticos SA 144A 5.38%, 02/01/23		315,378
				12,471,694

Principal Amount			Value
British Virgin Islands: 4.2%
$	350,000	Arcos Dorados Holdings, Inc. 144A 6.63%, 09/27/23	$	380,188
	500,000	Central American Bottling Corp. 144A 5.75%, 01/31/27		528,755
	300,000	Champion Sincerity Holdings Ltd. Reg S 8.13% (US Treasury Yield Curve Rate T 3 Year+10.58%), 02/08/22 (o)		317,250
		Easy Tactic Ltd. Reg S
	700,000	5.75%, 01/13/22		679,429
	200,000	7.00%, 04/25/21		200,538
	200,000	8.13%, 02/27/23		199,180
	300,000	8.75%, 01/10/21		307,471
	1,200,000	Fortune Star BVI Ltd. Reg S 5.25%, 03/23/22		1,197,715
	400,000	Franshion Brilliant Ltd. Reg S 5.75% (USD Swap Semi 30/360 5 Year+3.86%), 01/17/22 (o)		396,198
		Gold Fields Orogen Holdings BVI Ltd. 144A
	550,000	5.13%, 05/15/24		583,000
	550,000	6.13%, 05/15/29		622,875
		Greenland Global Investment Ltd. Reg S
	400,000	5.25%, 02/12/21		402,549
	350,000	5.88%, 07/03/24		341,181
	300,000	6.75%, 06/25/22		308,884
	450,000	Grupo Unicomer Co. Ltd. 144A 7.88%, 04/01/24		490,505
	300,000	Lai Fung Bonds 2018 Ltd. Reg S 5.65%, 01/18/23		290,562
	425,000	LS Finance 2022 Ltd. Reg S 4.25%, 10/16/22		419,927
	200,000	LS Finance 2025 Ltd. Reg S 4.50%, 06/26/25		192,403
	400,000	New Metro Global Ltd. Reg S 6.50%, 04/23/21		395,608
	220,000	Prime Bloom Holdings Ltd. Reg S 6.95%, 07/05/22		151,822
	200,000	RKI Overseas Finance 2016 B Ltd. Reg S 4.70%, 09/06/21		198,830
	250,000	RKI Overseas Finance 2017 A Ltd. Reg S 7.00%, 06/23/22 (o)		213,778
	200,000	RKP Overseas Finance 2016 A Ltd. Reg S 7.95%, 02/17/22 (o)		190,881
	200,000	RongXingDa Development BVI Ltd. Reg S 8.00%, 04/24/22		186,111
		Scenery Journey Ltd. Reg S
	200,000	9.00%, 03/06/21		195,357
	500,000	11.00%, 11/06/20		510,589
	300,000	13.75%, 11/06/23		304,257
	200,000	Sino-Ocean Land Treasure III Ltd. Reg S 4.90% (US Treasury Yield Curve Rate T 5 Year+3.26%), 09/21/22 (o)		175,095

Principal Amount			Value
British Virgin Islands: (continued)
$	506,000	Star Energy Geothermal Wayang Windu Ltd. 144A 6.75%, 04/24/33	$	538,416
	900,000	Studio City Co. Ltd. 144A 7.25%, 11/30/21		924,930
	670,000	Studio City Finance Ltd. 144A 7.25%, 02/11/24		713,550
	300,000	Wanda Properties International Co. Ltd. Reg S 7.25%, 01/29/24		304,947
	200,000	Yingde Gases Investment Ltd. 144A 6.25%, 01/19/23		206,746
	200,000	Zhongrong International Resources Co. Ltd. Reg S 7.25%, 10/26/20		104,539
				13,174,066
Canada: 1.9%
	400,000	Canacol Energy Ltd. 144A 7.25%, 05/03/25		420,504
		First Quantum Minerals Ltd. 144A
	800,000	6.50%, 03/01/24		785,600
	1,000,000	6.88%, 03/01/26		983,750
	800,000	7.25%, 05/15/22		805,000
	1,100,000	7.25%, 04/01/23		1,108,937
	1,277,000	7.50%, 04/01/25		1,284,981
	300,000	Frontera Energy Corp. 144A 9.70%, 06/25/23		320,625
	265,675	Stoneway Capital Corp. 144A 10.00%, 03/01/27		137,489
				5,846,886
Cayman Islands: 12.5%
	300,000	361 Degrees International Ltd. Reg S 7.25%, 06/03/21		246,900
		Agile Group Holdings Ltd. Reg S
	400,000	6.70%, 03/07/22		415,186
	200,000	8.50%, 07/18/21		211,659
	700,000	Alpha Star Holding III Ltd. Reg S 6.25%, 04/20/22		668,472
	200,000	Alpha Star Holding V Ltd. Reg S 6.63%, 04/18/23		187,978
	200,000	CAR, Inc. Reg S 6.00%, 02/11/21		189,546
	300,000	Cementos Progreso Trust 144A 7.13%, 11/06/23		308,816
		Central China Real Estate Ltd. Reg S
	200,000	6.50%, 03/05/21		199,800
	275,000	8.75%, 01/23/21		282,288
		CFLD Cayman Investment Ltd. Reg S
	400,000	6.50%, 12/21/20		402,526
	200,000	8.63%, 02/28/21		205,500
	500,000	9.00%, 07/31/21		519,004
	200,000	China Aoyuan Group Ltd. Reg S 7.95%, 09/07/21		209,040
	300,000	China Aoyuan Property Group Ltd. Reg S 7.50%, 05/10/21		309,027

Principal Amount			Value
Cayman Islands: (continued)
		China Evergrande Group Reg S
$	850,000	7.50%, 06/28/23	$	728,379
	300,000	8.25%, 03/23/22		278,829
	1,625,000	8.75%, 06/28/25		1,364,946
	500,000	9.50%, 03/29/24		448,217
	700,000	China SCE Property Holdings Ltd. Reg S 5.88%, 03/10/22		689,927
		CIFI Holdings Group Co. Ltd. Reg S
	200,000	5.50%, 01/23/22		201,099
	200,000	6.55%, 03/28/24		202,282
	200,000	6.88%, 04/23/21		205,600
	200,000	7.63%, 03/02/21		207,100
	200,000	7.63%, 02/28/23		210,598
	825,000	Comcel Trust 144A 6.88%, 02/06/24		851,812
		Country Garden Holdings Co. Ltd. Reg S
	600,000	4.75%, 09/28/23		601,478
	300,000	5.63%, 12/15/26		307,308
	500,000	Dar Al-Arkan Sukuk Co. Ltd. Reg S 6.88%, 03/21/23		494,709
	750,000	DIB Tier 1 Sukuk 3 Ltd. Reg S 6.25% (USD Swap Semi 30/360 6 Year+3.66%), 01/22/25 (o)		803,437
	200,000	E-House China Enterprise Holdings Ltd. Reg S 7.75%, 02/28/21		201,500
	400,000	Emirates Reit Sukuk Ltd. Reg S 5.13%, 12/12/22		393,878
	400,000	Energuate Trust 144A 5.88%, 05/03/27		403,004
		Ezdan Sukuk Co. Ltd. Reg S
	800,000	4.38%, 05/18/21		712,152
	400,000	4.88%, 04/05/22		350,000
		Fantasia Holdings Group Co. Ltd. Reg S
	300,000	7.38%, 10/04/21		279,150
	200,000	15.00%, 12/18/21		209,137
	600,000	Global A&T Electronics Ltd. 8.50%, 01/12/23		561,121
	950,000	Grupo Aval Ltd. 144A 4.75%, 09/26/22		987,810
	191,000	Health and Happiness H&H International Holdings Ltd. 144A 7.25%, 06/21/21		194,388
	600,000	Industrial Senior Trust 144A 5.50%, 11/01/22		627,750
	200,000	Jingrui Holdings Ltd. Reg S 9.45%, 04/23/21		185,400
		Kaisa Group Holdings Ltd. Reg S
	400,000	8.50%, 06/30/22		379,588
	850,000	9.38%, 06/30/24		767,837
	200,000	11.25%, 04/09/22		202,304
	400,000	King Talent Management Ltd. Reg S 5.60% (US Treasury Yield Curve Rate T 5 Year+3.52%), 12/04/22 (o)		349,987
		KWG Group Holdings Ltd. Reg S
	200,000	7.88%, 08/09/21		207,500
	200,000	7.88%, 09/01/23		205,816

Principal Amount			Value
Cayman Islands: (continued)
		KWG Property Holding Ltd. Reg S
$	200,000	5.88%, 11/10/24	$	184,881
	300,000	6.00%, 09/15/22		298,641
	500,000	Lamar Funding Ltd. 144A 3.96%, 05/07/25		469,047
	800,000	Lamar Funding Ltd. Reg S 3.96%, 05/07/25		750,474
		Latam Finance Ltd. 144A
	700,000	6.88%, 04/11/24		742,525
	900,000	7.00%, 03/01/26		971,550
		Logan Property Holdings Co. Ltd. Reg S
	200,000	5.25%, 02/23/23		197,191
	400,000	6.88%, 04/24/21		411,400
		MAF Global Securities Ltd. Reg S
	550,000	5.50% (USD Swap Semi 30/360 5 Year+3.48%), 09/07/22 (o)		553,437
	300,000	6.38% (US Treasury Yield Curve Rate T 5 Year+3.54%), 03/20/26 (o)		299,169
		Melco Resorts Finance Ltd. 144A
	900,000	4.88%, 06/06/25		923,211
	600,000	5.25%, 04/26/26		626,638
	700,000	5.63%, 07/17/27		731,828
		MGM China Holdings Ltd. 144A
	200,000	5.38%, 05/15/24		210,000
	200,000	5.88%, 05/15/26		212,000
	200,000	Modern Land China Co. Ltd. Reg S 7.95%, 03/05/21		185,120
		Mumtalakat Sukuk Holding Co. Reg S
	500,000	4.00%, 11/25/21		500,308
	800,000	5.63%, 02/27/24		831,100
	300,000	NagaCorp Ltd. 144A 9.38%, 05/21/21		318,444
	500,000	NMC Healthcare Sukuk Ltd. Reg S 5.95%, 11/21/23		535,012
	149,056	Odebrecht Offshore Drilling Finance Ltd. 144A 6.72%, 12/01/22		146,822
	200,000	OmGrid Funding Ltd. 144A 5.20%, 05/16/27		195,570
	200,000	Powerlong Real Estate Holdings Ltd. 6.95%, 04/17/21		201,700
		Redsun Properties Group Ltd. Reg S
	200,000	9.95%, 04/11/22		189,635
	200,000	11.50%, 03/04/21		201,275
		Ronshine China Holdings Ltd. Reg S
	400,000	8.25%, 02/01/21		407,019
	200,000	8.75%, 10/25/22		205,143
	200,000	11.25%, 08/22/21		212,700
	250,000	Sagicor Finance 2015 Ltd. 144A 8.88%, 08/11/22		263,750
	900,000	Shelf Drilling Holdings Ltd. 144A 8.25%, 02/15/25		760,500
	450,000	Shimao Property Holdings Ltd. Reg S 4.75%, 07/03/22		461,915
		Sunac China Holdings Ltd. Reg S
	500,000	7.88%, 02/15/22		512,424
	600,000	7.95%, 08/08/22		614,292
	300,000	8.38%, 01/15/21		308,981

Principal Amount			Value
Cayman Islands: (continued)
$	500,000	Termocandelaria Power Ltd. 144A 7.88%, 01/30/29	$	550,630
	800,000	Times Property Holdings Ltd. Reg S 6.60%, 03/02/23		804,364
	578,000	WTT Investment Ltd./Hong Kong 144A 5.50%, 11/21/22		599,794
		Wynn Macau Ltd. 144A
	700,000	4.88%, 10/01/24		706,790
	700,000	5.50%, 10/01/27		722,094
	200,000	Yankuang Group Cayman Ltd. Reg S 6.00%, 01/30/22		206,839
		Yuzhou Properties Co. Ltd. Reg S
	300,000	6.00%, 01/25/22		297,598
	200,000	6.00%, 10/25/23		190,287
	400,000	7.90%, 05/11/21		413,600
	200,000	8.50%, 02/26/24		204,258
	200,000	8.63%, 01/23/22		209,299
		Zhenro Properties Group Ltd. Reg S
	200,000	8.65%, 01/21/23		198,895
	200,000	12.50%, 01/02/21		211,300
				39,119,235
Chile: 0.6%
		AES Gener SA 144A
	300,000	6.35% (US Treasury Yield Curve Rate T 5 Year+4.92%), 10/07/79		301,740
	600,000	7.13% (USD Swap Semi 30/360 5 Year+4.64%), 03/26/79		624,484
	500,000	CorpGroup Banking SA 144A 6.75%, 03/15/23		488,130
	500,000	Empresa Electrica Guacolda SA 144A 4.56%, 04/30/25		432,078
				1,846,432
China / Hong Kong: 2.5%
	200,000	Agile Group Holdings Ltd. Reg S 6.88% (US Treasury Yield Curve Rate T 5 Year+9.22%), 03/07/23 (o)		198,956
		Bank of East Asia Ltd. Reg S
	1,150,000	5.50% (US Treasury Yield Curve Rate T 5 Year+3.83%), 12/02/20 (o)		1,159,635
	250,000	5.88% (US Treasury Yield Curve Rate T 5 Year+4.26%), 09/19/24 (o)		259,343
	200,000	Chengdu Economic & Technological Development Zone State-Owned Assets Investment Reg S 7.50%, 02/12/22		202,851
	1,050,000	China Cinda Asset Management Co. Ltd. Reg S 4.45% (US Treasury Yield Curve Rate T 5 Year+3.29%), 09/30/21 (o)		1,043,899
		China CITIC Bank International Ltd. Reg S
	600,000	4.25% (US Treasury Yield Curve Rate T 5 Year+3.11%), 10/11/21 (o)		592,203
	200,000	7.10% (US Treasury Yield Curve Rate T 5 Year+4.15%), 11/06/23 (o)		216,547
	400,000	Chong Hing Bank Ltd. Reg S 5.70% (US Treasury Yield Curve Rate T 5 Year+3.86%), 07/15/24 (o)		414,110

Principal Amount			Value
China / Hong Kong: (continued)
$	500,000	CMB Wing Lung Bank Ltd. Reg S 6.50% (US Treasury Yield Curve Rate T 5 Year+3.95%), 01/24/24 (o)	$	530,636
	200,000	Full Dragon Hong Kong International Development Ltd. Reg S 5.60%, 02/14/21		202,100
	200,000	Gemdale Ever Prosperity Investment Ltd. Reg S 6.00%, 09/06/21		204,200
	200,000	Guangxi Financial Investment Group Co. Ltd. Reg S 5.75%, 01/23/21		193,700
	450,000	ICBC Asia Ltd. Reg S 4.25% (US Treasury Yield Curve Rate T 5 Year+3.13%), 07/21/21 (o)		451,717
	1,300,000	Nanyang Commercial Bank Ltd. Reg S 5.00% (US Treasury Yield Curve Rate T 5 Year+3.21%), 06/02/22 (o)		1,300,869
	200,000	Qinghai Provincial Investment Group Co. Ltd. Reg S 6.40%, 07/10/21		93,023
	200,000	Union Life Insurance Co. Ltd. Reg S 3.00%, 09/19/21		176,483
		Yanlord Land HK Co. Ltd. Reg S
	200,000	5.88%, 01/23/22		201,499
	200,000	6.75%, 04/23/23		204,490
	200,000	Zoomlion HK SPV Co. Ltd. 144A 6.13%, 12/20/22		203,738
				7,849,999
Colombia: 1.6%
	550,000	Banco Davivienda SA 144A 5.88%, 07/09/22		587,818
		Banco de Bogota SA 144A
	1,175,000	5.38%, 02/19/23		1,255,405
	550,000	6.25%, 05/12/26		622,880
	300,000	Banco GNB Sudameris SA 144A 6.50% (US Treasury Yield Curve Rate T 5 Year+4.56%), 04/03/27		317,775
	1,100,000	Bancolombia SA 5.13%, 09/11/22		1,160,390
	700,000	Colombia Telecomunicaciones SA ESP 144A 5.38%, 09/27/22		708,575
	300,000	Credivalores-Crediservicios SAS 144A 9.75%, 07/27/22		310,503
				4,963,346
Costa Rica: 0.3%
		Banco Nacional de Costa Rica 144A
	350,000	5.88%, 04/25/21		354,813
	500,000	6.25%, 11/01/23		516,880
				871,693
Croatia: 0.2%
	600,000	Hrvatska Elektroprivreda 144A 5.88%, 10/23/22		657,613
Curacao: 0.2%
	450,000	Teva Pharmaceutical Finance Co. BV 2.95%, 12/18/22		411,188

Principal Amount			Value
Curacao: (continued)
$	375,000	Teva Pharmaceutical Finance IV BV 3.65%, 11/10/21	$	361,406
				772,594
Dominican Republic: 0.2%
	300,000	Aeropuertos Dominicanos Siglo XXI SA 144A 6.75%, 03/30/29		319,875
	300,000	Banco de Reservas de la Republica Dominicana 144A 7.00%, 02/01/23		315,753
				635,628
Ecuador: 0.1%
	400,000	Petroamazonas EP 144A 4.63%, 11/06/20		397,000
Georgia: 0.5%
	400,000	Bank of Georgia JSC 144A 6.00%, 07/26/23		416,728
	200,000	Georgia Capital JSC 144A 6.13%, 03/09/24		190,000
	500,000	Georgian Railway JSC 144A 7.75%, 07/11/22		548,070
	300,000	TBC Bank JSC 144A 5.75%, 06/19/24		310,500
				1,465,298
India: 2.4%
	600,000	Adani Green Energy UP Ltd. / Prayatna Developers Pvt Ltd. / Parampujya Solar Energ 144A 6.25%, 12/10/24		637,452
	500,000	Delhi International Airport Ltd. 144A 6.45%, 06/04/29		537,500
	500,000	Delhi International Airport Pvt Ltd. 144A 6.13%, 10/31/26		534,917
		GMR Hyderabad International Airport Ltd. 144A
	300,000	4.25%, 10/27/27		281,810
	400,000	5.38%, 04/10/24		413,765
	600,000	HPCL-Mittal Energy Ltd. Reg S 5.25%, 04/28/27		598,691
	500,000	IDBI Bank Ltd. Reg S 4.25%, 11/30/20		504,605
	300,000	Indiabulls Housing Finance Ltd. Reg S 6.38%, 05/28/22		194,997
		JSW Steel Ltd. Reg S
	900,000	5.25%, 04/13/22		916,187
	600,000	5.95%, 04/18/24		615,248
	400,000	Muthoot Finance Ltd. 144A 6.13%, 10/31/22		406,700
	400,000	ReNew Power Ltd. 144A 6.45%, 09/27/22		405,700
	500,000	ReNew Power Synthetic 144A 6.67%, 03/12/24		506,963
	500,000	Shriram Transport Finance Co. Ltd. 144A 5.95%, 10/24/22		506,295
	200,000	Shriram Transport Finance Co. Ltd. Reg S 5.70%, 02/27/22		201,248

Principal Amount			Value
India: (continued)
$	200,000	Yes Bank Ifsc Banking Unit Branch Reg S 3.75%, 02/06/23	$	183,112
				7,445,190
Indonesia: 0.9%
	500,000	ABM Investama Tbk PT 144A 7.13%, 08/01/22		434,514
	900,000	Adaro Indonesia PT 144A 4.25%, 10/31/24		887,850
	360,000	Bukit Makmur Mandiri Utama PT 144A 7.75%, 02/13/22		370,617
	320,000	Chandra Asri Petrochemical Tbk PT 144A 4.95%, 11/08/24		313,806
	200,000	Delta Merlin Dunia Tekstil PT 144A 8.63%, 03/12/24		23,000
	700,000	Saka Energi Indonesia PT 144A 4.45%, 05/05/24		709,477
				2,739,264
Ireland: 3.5%
	1,125,000	Alfa Bank OJSC 144A 7.75%, 04/28/21		1,201,823
	750,000	Bank Otkritie Financial Corp. OJSC Reg S 10.00%, 12/17/19 (d) # ¥*		0
	400,000	Borets Finance DAC 144A 6.50%, 04/07/22		411,218
	400,000	Celtic Resources Holdings DAC 144A 4.13%, 10/09/24		402,202
	200,000	Chelyabinsk Pipe Plant Via Chelpipe Finance DAC 144A 4.50%, 09/19/24		201,213
		Credit Bank of Moscow Via CBOM Finance Plc 144A
	450,000	5.55%, 02/14/23		456,628
	550,000	5.88%, 11/07/21		566,500
	500,000	7.12%, 06/25/24		533,040
	700,000	Eurochem Finance DAC 144A 5.50%, 03/13/24		754,250
	400,000	Eurotorg LLC via Bonitron DAC 144A 8.75%, 10/30/22		431,600
	600,000	Gtlk Europe Capital DAC Reg S 5.95%, 04/17/25		641,370
		GTLK Europe DAC Reg S
	800,000	5.13%, 05/31/24		834,000
	700,000	5.95%, 07/19/21		731,937
	600,000	Hacienda Investments Ltd. Via DME Airport DAC Reg S 5.08%, 02/15/23		624,606
	400,000	Koks OAO Via Koks Finance DAC 144A 7.50%, 05/04/22		407,826
	1,000,000	Metalloinvest Finance DAC 144A 4.85%, 05/02/24		1,063,366
	550,000	Mobile Telesystems OJSC 144A 5.00%, 05/30/23		582,436
	1,000,000	SCF Capital Ltd. 144A 5.38%, 06/16/23		1,061,365
				10,905,380

Principal Amount			Value
Kazakhstan: 1.5%
		Halyk Savings Bank of Kazakhstan JSC 144A
$	476,206	5.50%, 12/21/22	$	481,412
	500,000	7.25%, 01/28/21		526,240
		KazMunayGas National Co. JSC 144A
	500,000	3.88%, 04/19/22		513,986
	400,000	4.40%, 04/30/23		423,366
	1,000,000	4.75%, 04/19/27		1,093,610
	1,400,000	5.75%, 04/19/47		1,639,814
				4,678,428
Kuwait: 0.1%
	300,000	Al Ahli Bank of Kuwait KSCP Reg S 7.25% (USD Swap Semi 30/360 5 Year+4.17%), 09/26/23 (o)		318,343
Luxembourg: 4.6%
	500,000	Adecoagro SA 144A 6.00%, 09/21/27		485,000
	200,000	Aegea Finance Sarl 144A 5.75%, 10/10/24		211,502
	200,000	Atento Luxco 1 SA 144A 6.13%, 08/10/22		204,500
	300,000	Avation Capital SA 144A 6.50%, 05/15/21		314,250
		Consolidated Energy Finance SA 144A
	550,000	6.50%, 05/15/26		532,125
	550,000	6.88%, 06/15/25		536,250
	300,000	Cosan Luxembourg SA 144A 7.00%, 01/20/27		332,253
		CSN Resources SA 144A
	300,000	7.63%, 02/13/23		310,913
	300,000	7.63%, 04/17/26		305,250
	300,000	Gilex Holding Sarl 144A 8.50%, 05/02/23		326,625
	300,000	Gol Finance, Inc. 144A 7.00%, 01/31/25		308,250
	200,000	Hidrovias International Finance SARL 144A 5.95%, 01/24/25		209,002
	200,000	JSL Europe SA 144A 7.75%, 07/26/24		213,500
	500,000	Kernel Holding SA 144A 8.75%, 01/31/22		530,540
	500,000	Klabin Finance SA 144A 4.88%, 09/19/27		521,255
		MHP Lux SA 144A
	200,000	6.25%, 09/19/29		192,790
	750,000	6.95%, 04/03/26		775,507
		Minerva Luxembourg SA 144A
	200,000	5.88%, 01/19/28		204,400
	550,000	6.50%, 09/20/26		577,500
		Puma International Financing SA 144A
	1,200,000	5.00%, 01/24/26		1,154,892
	200,000	5.13%, 10/06/24		196,802
	200,000	Rede D’or Finance Sarl 144A 4.95%, 01/17/28		203,250
	500,000	Rumo Luxembourg Sarl 144A 7.38%, 02/09/24		540,650

Principal Amount			Value
Luxembourg: (continued)
$	2,250,000	Sberbank of Russia 144A 5.13%, 10/29/22	$	2,373,685
	200,000	Tupy Overseas SA 144A 6.63%, 07/17/24		207,102
		Ultrapar International SA 144A
	300,000	5.25%, 10/06/26		322,503
	200,000	5.25%, 06/06/29		208,500
	300,000	Usiminas International Sarl 144A 5.88%, 07/18/26		306,375
	300,000	Vm Holding SA 144A 5.38%, 05/04/27		319,316
	1,465,000	VTB Bank SA 144A 6.95%, 10/17/22		1,581,693
				14,506,180
Malaysia: 0.2%
	500,000	Press Metal Labuan Ltd. Reg S 4.80%, 10/30/22		486,233
	300,000	SD International Sukuk Ltd. Reg S 6.30%, 05/09/22		305,620
				791,853
Marshall Islands: 0.1%
	450,000	Navios South American Logistics, Inc. 144A 7.25%, 05/01/22		445,500
Mauritius: 1.8%
	575,000	Azure Power Energy Ltd. 144A 5.50%, 11/03/22		583,237
	200,000	Azure Power Solar Energy Pvt Ltd. 144A 5.65%, 12/24/24		201,350
	500,000	Greenko Investment Co. 144A 4.88%, 08/16/23		495,027
	300,000	Greenko Mauritius Ltd. 144A 6.25%, 02/21/23		305,181
		Greenko Solar Mauritius Ltd. 144A
	500,000	5.55%, 01/29/25		502,144
	200,000	5.95%, 07/29/26		202,520
	300,000	HT Global IT Solutions Holdings Ltd. 144A 7.00%, 07/14/21		309,832
	750,000	HTA Group Ltd. 144A 9.13%, 03/08/22		783,960
		MTN Mauritius Investments Ltd. 144A
	800,000	4.76%, 11/11/24		820,600
	500,000	5.37%, 02/13/22		518,469
	500,000	6.50%, 10/13/26		554,312
	500,000	Neerg Energy Ltd. 144A 6.00%, 02/13/22		495,746
				5,772,378
Mexico: 4.0%
	500,000	Axtel SAB de CV 144A 6.38%, 11/14/24		523,775
	700,000	Banco Nacional de Comercio Exterior SNC/Cayman Islands 144A 3.80% (US Treasury Yield Curve Rate T 5 Year+3.00%), 08/11/26		711,382
	1,100,000	BBVA Bancomer SA 144A 5.13% (US Treasury Yield Curve Rate T 5 Year+2.65%), 01/18/33		1,075,855

Principal Amount			Value
Mexico: (continued)
		Cemex SAB de CV 144A
$	1,200,000	5.70%, 01/11/25	$	1,237,800
	700,000	6.13%, 05/05/25		727,125
	900,000	7.75%, 04/16/26		973,134
	200,000	Credito Real SAB de CV 144A 7.25%, 07/20/23		211,502
	400,000	Credito Real SAB de CV SOFOM ER 144A 9.50%, 02/07/26		461,000
	300,000	Cydsa SAB de CV 144A 6.25%, 10/04/27		310,503
	350,000	Docuformas SAPI de CV 144A 10.25%, 07/24/24		355,775
	560,000	Elementia SAB de CV 144A 5.50%, 01/15/25		564,200
	600,000	Grupo Bimbo SAB de CV 144A 5.95% (US Treasury Yield Curve Rate T 5 Year+3.28%), 04/17/23 (o)		637,200
	300,000	Grupo Idesa SA de CV 144A 7.88%, 12/18/20		226,125
	585,000	Grupo KUO SAB De CV 144A 5.75%, 07/07/27		604,012
	400,000	Grupo Posadas SAB de CV 144A 7.88%, 06/30/22		402,000
	350,000	Metalsa SA de CV 144A 4.90%, 04/24/23		364,875
	600,000	Nemak SAB de CV 144A 4.75%, 01/23/25		622,500
	300,000	Sixsigma Networks Mexico SA de CV 144A 7.50%, 05/02/25		301,500
	450,000	TV Azteca SAB de CV Reg S 8.25%, 08/09/24		424,130
		Unifin Financiera SA de CV 144A
	400,000	7.00%, 01/15/25		401,290
	500,000	7.25%, 09/27/23		519,380
		Unifin Financiera SAB de CV 144A
	300,000	7.38%, 02/12/26		301,725
	500,000	8.38%, 01/27/28		513,125
				12,469,913
Mongolia: 0.2%
	400,000	Mongolian Mining Corp./Energy Resources LLC 144A 9.25%, 04/15/24		375,936
	300,000	Mongolian Mortgage Corp Hfc LLC 144A 9.75%, 01/29/22		294,686
				670,622
Netherlands: 9.1%
	470,000	Ajecorp BV 144A 6.50%, 05/14/22		461,775
	400,000	Cimpor Financial Operations BV 144A 5.75%, 07/17/24		296,004
	1,500,000	Greenko Dutch BV 144A 5.25%, 07/24/24		1,513,875
	650,000	GTH Finance BV 144A 7.25%, 04/26/23		727,684

Principal Amount			Value
Netherlands: (continued)
		IHS Netherlands Holdco BV 144A
$	400,000	7.13%, 03/18/25	$	414,000
	700,000	8.00%, 09/18/27		733,250
	200,000	Jababeka International BV 144A 6.50%, 10/05/23		177,908
	1,200,000	Kazakhstan Temir Zholy Finance BV 144A 6.95%, 07/10/42		1,624,990
	600,000	Listrindo Capital BV 144A 4.95%, 09/14/26		610,200
	900,000	Marfrig Holding Europe BV 144A 8.00%, 06/08/23		938,259
		Metinvest BV 144A
	1,050,000	7.75%, 04/23/23		1,100,461
	650,000	8.50%, 04/23/26		682,209
	600,000	Mong Duong Finance Holdings BV 144A 5.13%, 05/07/29		612,447
	400,000	MV24 Capital BV 144A 6.75%, 06/01/34		419,200
		Nostrum Oil & Gas Finance BV 144A
	250,000	7.00%, 02/16/25		134,975
	850,000	8.00%, 07/25/22		464,865
		Petrobras Global Finance BV
	275,000	4.38%, 05/20/23		287,238
	400,000	5.75%, 02/01/29		445,840
	704,000	6.00%, 01/27/28		795,212
	350,000	6.25%, 03/17/24		394,363
	450,000	6.85%, 06/05/15		518,625
	100,000	6.88%, 01/20/40		117,100
	300,000	6.90%, 03/19/49		349,290
	200,000	7.25%, 03/17/44		243,500
	700,000	7.38%, 01/17/27		849,100
	380,000	8.75%, 05/23/26		487,160
	558,000	Petrobras Global Finance BV 144A 5.09%, 01/15/30		592,456
		Teva Pharmaceutical Finance Netherlands III BV
	2,100,000	2.20%, 07/21/21		1,998,717
	2,125,000	2.80%, 07/21/23		1,843,437
	2,145,000	3.15%, 10/01/26		1,619,475
	1,335,000	4.10%, 10/01/46		919,481
	875,000	6.00%, 04/15/24		821,406
	950,000	6.75%, 03/01/28		855,000
		VEON Holdings BV 144A
	600,000	3.95%, 06/16/21		609,336
	645,000	4.00%, 04/09/25		663,421
	600,000	4.95%, 06/16/24		640,104
	500,000	5.95%, 02/13/23		545,785
	550,000	7.50%, 03/01/22		609,812
	1,376,000	VTR Finance BV 144A 6.88%, 01/15/24		1,413,840
				28,531,800
Nigeria: 0.6%
	400,000	Access Bank Plc 144A 10.50%, 10/19/21		444,980
	400,000	Fidelity Bank Plc 144A 10.50%, 10/16/22		450,243

Principal Amount			Value
Nigeria: (continued)
$	400,000	SEPLAT Petroleum Development Co. Plc 144A 9.25%, 04/01/23	$	422,000
	400,000	United Bank for Africa Plc 144A 7.75%, 06/08/22		425,232
				1,742,455
Oman: 0.6%
		Bank Muscat SAOG Reg S
	400,000	3.75%, 05/03/21		399,553
	500,000	4.88%, 03/14/23		507,967
	550,000	Mazoon Assets Co. SAOC 144A 5.20%, 11/08/27		552,040
	500,000	National Bank of Oman SAOG Reg S 5.63%, 09/25/23		518,269
				1,977,829
Panama: 0.2%
	375,000	AES El Salvador Trust II 144A 6.75%, 03/28/23		375,900
	300,000	AES Panama SRL 144A 6.00%, 06/25/22		309,978
				685,878
Paraguay: 0.1%
	400,000	Telefonica Celular del Paraguay SA 144A 5.88%, 04/15/27		432,074
Peru: 1.1%
	500,000	Inretail Pharma SA 144A 5.38%, 05/02/23		527,500
	500,000	Minsur SA 144A 6.25%, 02/07/24		554,375
	300,000	Nexa Resources Peru SAA 144A 4.63%, 03/28/23		311,253
	600,000	Orazul Energy Egenor S. en C. por A. 144A 5.63%, 04/28/27		616,875
	400,000	Patrimonio EN Fideicomiso DS 093-2002-EF-Inretail Shopping Malls 144A 5.75%, 04/03/28		430,480
	400,000	SAN Miguel Industrias Pet SA 144A 4.50%, 09/18/22		409,540
	530,000	Volcan Cia Minera SAA 144A 5.38%, 02/02/22		551,205
				3,401,228
Russia: 0.3%
	400,000	Global Ports Finance Plc 144A 6.50%, 09/22/23		437,500
	525,000	MHP SE 144A 7.75%, 05/10/24		558,358
				995,858
Saint Lucia: 0.2%
	600,000	Digicel International Finance Ltd./ Digicel Holdings Bermuda Ltd. 144A 8.75%, 05/25/24		571,500
Saudi Arabia: 0.2%
	600,000	Dar Al-Arkan Sukuk Co. Ltd. Reg S 6.88%, 04/10/22		605,246

Principal Amount			Value
Singapore: 2.6%
		ABJA Investment Co. Pte Ltd. Reg S
$	600,000	5.45%, 01/24/28	$	585,220
	1,700,000	5.95%, 07/31/24		1,786,105
	200,000	APL Realty Holdings Pte Ltd. Reg S 5.95%, 06/02/24		165,103
	111,000	Bakrie Telecom Pte Ltd. Reg S 11.50%, 05/07/15 (d) (e) *		1,388
	300,000	Geo Coal International Pte Ltd. 144A 8.00%, 10/04/22		219,006
	300,000	Global Prime Capital Pte Ltd. Reg S 7.25%, 04/26/21		310,200
	800,000	Indika Energy Capital III Pte Ltd. 144A 5.88%, 11/09/24		778,319
	300,000	Jubilant Pharma Ltd. Reg S 4.88%, 10/06/21		307,340
	600,000	Marble II Pte Ltd. 144A 5.30%, 06/20/22		609,298
	500,000	Medco Oak Tree Pte Ltd. 144A 7.38%, 05/14/26		510,929
	800,000	Medco Platinum Road Pte Ltd. 144A 6.75%, 01/30/25		808,716
	300,000	Medco Straits Services Pte Ltd. 144A 8.50%, 08/17/22		320,841
	400,000	SSMS Plantation Holdings Pte Ltd. Reg S 7.75%, 01/23/23		322,989
	400,000	TBG Global Pte Ltd. Reg S 5.25%, 02/10/22		406,799
		Theta Capital Pte Ltd. Reg S
	200,000	6.75%, 10/31/26		181,044
	700,000	7.00%, 04/11/22		704,088
				8,017,385
South Africa: 2.5%
	400,000	Absa Group Ltd. Reg S 6.25% (US Treasury Yield Curve Rate T 5 Year+3.52%), 04/25/28		418,600
		Eskom Holdings SOC Ltd. 144A
	1,825,000	5.75%, 01/26/21		1,840,978
	1,075,000	6.35%, 08/10/28		1,140,836
	980,000	6.75%, 08/06/23		1,009,188
	1,215,000	7.13%, 02/11/25		1,252,632
	500,000	8.45%, 08/10/28		549,089
	450,000	FirstRand Bank Ltd. Reg S 6.25% (USD Swap Semi 30/360 5 Year+3.56%), 04/23/28		479,120
	1,000,000	Transnet SOC Ltd. 144A 4.00%, 07/26/22		1,012,568
				7,703,011
South Korea: 0.5%
		Woori Bank 144A
	500,000	4.25% (US Treasury Yield Curve Rate T 5 Year+2.66%), 10/04/24 (o)		500,902
	700,000	4.50% (US Treasury Yield Curve Rate T 5 Year+3.31%), 09/27/21 (o)		708,113
	400,000	5.25% (US Treasury Yield Curve Rate T 5 Year+3.35%), 05/16/22 (o)		413,110
				1,622,125

Principal Amount			Value
Spain: 0.4%
$	650,000	AI Candelaria Spain SLU 144A 7.50%, 12/15/28	$	735,312
	500,000	International Airport Finance SA 144A 12.00%, 03/15/33		541,750
				1,277,062
Thailand: 0.2%
	575,000	PTTEP Treasury Center Co. Ltd. 144A 4.60% (US Treasury Yield Curve Rate T 5 Year+2.72%), 07/17/22 (o)		591,362
Togo: 0.2%
	500,000	Ecobank Transnational, Inc. 144A 9.50%, 04/18/24		561,250
Trinidad and Tobago: 0.3%
	300,000	Telecommunications Services of Trinidad & Tobago Ltd. 144A 8.88%, 10/18/29		300,750
	550,000	Trinidad Petroleum Holdings Ltd. 144A 9.75%, 06/15/26		621,569
				922,319
Turkey: 8.9%
		Akbank TAS 144A
	550,000	5.00%, 10/24/22		546,569
	400,000	5.13%, 03/31/25		383,459
	300,000	6.80% (USD Swap Semi 30/360 5 Year+4.03%), 04/27/28		268,808
	375,000	7.20% (USD Swap Semi 30/360 5 Year+5.03%), 03/16/27		355,665
	300,000	Alternatifbank AS Reg S 8.75% (USD Swap Semi 30/360 5 Year+7.83%), 04/16/26		297,498
	600,000	Anadolu Efes Biracilik Ve Malt Sanayii AS 144A 3.38%, 11/01/22		595,872
	580,000	Arcelik AS 144A 5.00%, 04/03/23		586,673
	500,000	Coca-Cola Icecek AS 144A 4.22%, 09/19/24		501,205
		Fibabanka AS Reg S
	450,000	6.00%, 01/25/23		431,838
	200,000	7.75% (USD Swap Semi 30/360 5 Year+5.76%), 11/24/27		182,500
	700,000	Finansbank AS 144A 4.88%, 05/19/22		699,707
		KOC Holding AS 144A
	700,000	5.25%, 03/15/23		708,767
	800,000	6.50%, 03/11/25		834,880
	500,000	KT Kira Sertifikalari Varlik Kiralama AS Reg S 5.14%, 11/02/21		507,111
	500,000	Petkim Petrokimya Holding AS 144A 5.88%, 01/26/23		493,546
	500,000	QNB Finansbank AS 144A 6.88%, 09/07/24		527,463
	250,000	Ronesans Gayrimenkul Yatirim AS 144A 7.25%, 04/26/23		222,433

Principal Amount			Value
Turkey: (continued)
		TC Ziraat Bankasi AS 144A
$	600,000	4.75%, 04/29/21	$	596,688
	600,000	5.13%, 05/03/22		587,642
	300,000	5.13%, 09/29/23		286,104
	700,000	Tupras Turkiye Petrol Rafinerileri AS 144A 4.50%, 10/18/24		670,522
		Turk Telekomunikasyon AS 144A
	400,000	4.88%, 06/19/24		393,444
	500,000	6.88%, 02/28/25		531,915
		Turkcell Iletisim Hizmetleri AS 144A
	400,000	5.75%, 10/15/25		401,629
	500,000	5.80%, 04/11/28		486,850
		Turkiye Garanti Bankasi AS 144A
	800,000	5.25%, 09/13/22		804,564
	400,000	5.88%, 03/16/23		407,049
	850,000	6.13% (USD Swap Semi 30/360 5 Year+4.22%), 05/24/27		765,000
	300,000	6.25%, 04/20/21		308,424
		Turkiye Halk Bankasi AS 144A
	500,000	4.75%, 02/11/21		465,050
	500,000	5.00%, 07/13/21		463,953
		Turkiye Is Bankasi AS 144A
	575,000	5.00%, 06/25/21		573,567
	600,000	5.38%, 10/06/21		601,578
	680,000	5.50%, 04/21/22		678,589
	1,500,000	6.00%, 10/24/22		1,458,937
	1,200,000	6.13%, 04/25/24		1,173,173
	200,000	7.00% (USD Swap Semi 30/360 5 Year+5.12%), 06/29/28		184,920
	175,000	7.85%, 12/10/23		178,478
		Turkiye Sinai Kalkinma Bankasi AS Reg S
	200,000	4.88%, 05/18/21		199,216
	350,000	5.50%, 01/16/23		342,602
	200,000	7.63% (USD Swap Semi 30/360 5 Year+5.54%), 03/29/27		189,703
	700,000	Turkiye Sise ve Cam Fabrikalari AS 144A 6.95%, 03/14/26		730,625
		Turkiye Vakiflar Bankasi TAO 144A
	500,000	5.50%, 10/27/21		497,425
	630,000	5.63%, 05/30/22		619,762
	600,000	5.75%, 01/30/23		582,657
	600,000	6.00%, 11/01/22		581,130
	550,000	8.13%, 03/28/24		567,699
		Yapi ve Kredi Bankasi AS 144A
	1,750,000	5.50%, 12/06/22		1,706,448
	350,000	5.75%, 02/24/22		351,488
	750,000	5.85%, 06/21/24		725,958
	250,000	6.10%, 03/16/23		249,037
	175,000	8.25%, 10/15/24		184,888
	200,000	8.50% (USD Swap Semi 30/360 5 Year+7.40%), 03/09/26		199,425
				27,890,133

Principal Amount			Value
United Arab Emirates: 1.3%
$	500,000	ADES International Holding Plc 144A 8.63%, 04/24/24	$	515,625
	950,000	Emirates NBD PJSC Reg S 6.13% (USD Swap Semi 30/360 6 Year+3.66%), 03/20/25 (o)		989,920
	800,000	GEMS MENASA Cayman Ltd. / GEMS Education Delaware LLC 144A 7.13%, 07/31/26		832,000
		Oztel Holdings SPC Ltd. 144A
	700,000	5.63%, 10/24/23		732,854
	850,000	6.63%, 04/24/28		878,432
				3,948,831
United Kingdom: 5.2%
		AngloGold Ashanti Holdings Plc
	700,000	5.13%, 08/01/22		738,391
	400,000	6.50%, 04/15/40		453,654
	1,450,062	DTEK Finance Plc 10.75%, 12/31/24		1,481,238
		Evraz Plc 144A
	700,000	5.25%, 04/02/24		747,806
	975,000	5.38%, 03/20/23		1,043,055
		Evraz Plc Reg S
	400,000	6.75%, 01/31/22		433,700
	600,000	8.25%, 01/28/21		640,500
	800,000	Liquid Telecommunications Financing Plc 144A 8.50%, 07/13/22		800,872
	200,000	NAK Naftogaz Ukraine via Kondor Finance Plc Reg S 7.38%, 07/19/22		203,580
	322,000	Oschadbank 144A 9.38%, 03/10/23 (s)		337,221
	700,000	Petra Diamonds US Treasury Plc 144A 7.25%, 05/01/22		493,500
	200,000	Petropavlovsk 2016 Ltd. 144A 8.13%, 11/14/22		201,863
		Polyus Finance Plc 144A
	550,000	4.70%, 03/28/22		570,829
	450,000	4.70%, 01/29/24		473,562
	800,000	5.25%, 02/07/23		849,752
		Tullow Oil Plc 144A
	1,200,000	6.25%, 04/15/22		1,212,900
	350,000	7.00%, 03/01/25		362,688
	900,000	Ukraine Railways Via Rail Capital Markets Plc Reg S 8.25%, 07/09/24		953,550
		Vedanta Resources Finance II Plc 144A
	500,000	8.00%, 04/23/23		510,000
	300,000	9.25%, 04/23/26		301,950
		Vedanta Resources Ltd. 144A
	650,000	6.38%, 07/30/22		645,125
	200,000	7.13%, 05/31/23		199,550
		Vedanta Resources Plc 144A
	1,450,000	6.13%, 08/09/24		1,348,549
	1,310,000	8.25%, 06/07/21		1,367,967
				16,371,802

Principal Amount			Value
United States: 3.1%
$	200,000	Azul Investments LLP 144A 5.88%, 10/26/24	$	206,752
	1,170,000	Cemex Finance LLC 144A 6.00%, 04/01/24		1,201,941
		DAE Funding LLC 144A
	400,000	4.50%, 08/01/22		408,272
	1,800,000	5.00%, 08/01/24		1,883,340
	200,000	5.25%, 11/15/21		208,750
		JBS USA LUX SA / JBS USA Finance, Inc. 144A
	900,000	5.75%, 06/15/25		938,250
	350,000	5.88%, 07/15/24		361,375
	300,000	6.75%, 02/15/28		331,128
		JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. 144A
	200,000	5.50%, 01/15/30		216,000
	500,000	6.50%, 04/15/29		557,515
	600,000	Kosmos Energy Ltd. 144A 7.13%, 04/04/26		628,500
	500,000	NBM US Holdings, Inc. 144A 7.00%, 05/14/26		531,812
	519,115	Rio Oil Finance Trust 144A 9.25%, 07/06/24		580,111
	700,000	Stillwater Mining Co. 144A 7.13%, 06/27/25		724,675
	520,000	Teva Pharmaceutical Finance Co. LLC 6.15%, 02/01/36		430,300
	500,000	VistaJet Malta Finance Plc / XO Management Holding, Inc. 144A 10.50%, 06/01/24		487,500
				9,696,221
Vietnam: 0.1%
	400,000	Vietnam Prosperity JSC Bank Reg S 6.25%, 07/17/22		392,776
Total Corporate Bonds (Cost: $296,242,597)				294,503,607
GOVERNMENT OBLIGATIONS: 4.2%
Argentina: 2.0%
		City of Buenos Aires 144A
	875,000	7.50%, 06/01/27		671,562
	402,000	8.95%, 02/19/21		365,824
	350,000	Province of Salta 144A 9.13%, 07/07/24		196,000
		Provincia de Buenos Aires 144A
	750,000	6.50%, 02/15/23		258,758
	1,850,000	7.88%, 06/15/27		656,768
	1,380,000	9.13%, 03/16/24		486,450
	950,000	9.95%, 06/09/21		375,260
	436,689	10.88%, 01/26/21		217,034
	300,000	Provincia de Buenos Aires/Government Bonds 144A 9.63%, 04/18/28		115,503
	500,000	Provincia de Buenos Aires/Government Bonds Reg S 9.63%, 04/18/28		192,505
	400,000	Provincia de Chubut 144A 7.75%, 07/26/26		262,000

Principal Amount			Value
Argentina: (continued)
		Provincia de Cordoba 144A
$	800,000	7.13%, 06/10/21	$	604,008
	600,000	7.13%, 08/01/27		384,006
	325,000	7.45%, 09/01/24		209,953
	500,000	Provincia de Entre Rios 144A 8.75%, 02/08/25		282,500
	325,000	Provincia de la Rioja 144A 9.75%, 02/24/25		141,375
	500,000	Provincia de Mendoza 144A 8.38%, 05/19/24		327,505
	550,000	Provincia de Neuquen 144A 8.63%, 05/12/28		478,506
	125,000	Provincia de Neuquen Argentina 144A 7.50%, 04/27/25		84,375
	200,000	Provincia de Rio Negro 144A 7.75%, 12/07/25		84,000
				6,393,892
Azerbaijan: 0.4%
	1,050,000	State Oil Co. of the Azerbaijan Republic Reg S 4.75%, 03/13/23		1,096,578
Cayman Islands: 0.2%
	450,000	Brazil Minas SPE 144A 5.33%, 02/15/28		479,817
Costa Rica: 0.3%
		Instituto Costarricense de Electricidad 144A
	550,000	6.38%, 05/15/43		449,631
	500,000	6.95%, 11/10/21		509,380
				959,011
Mongolia: 0.2%
	600,000	Development Bank of Mongolia LLC 144A 7.25%, 10/23/23		629,976
Turkey: 0.9%
		Export Credit Bank of Turkey 144A
	550,000	4.25%, 09/18/22		529,741
	500,000	5.00%, 09/23/21		502,482
	400,000	5.38%, 02/08/21		403,374
	400,000	5.38%, 10/24/23		389,500
	500,000	6.13%, 05/03/24		495,461
	500,000	8.25%, 01/24/24		535,019
				2,855,577
Ukraine: 0.2%
	650,000	Ukreximbank 144A 9.75%, 01/22/25		691,307
Total Government Obligations (Cost: $18,554,024)				13,106,158
Total Investments: 98.2% (Cost: $314,796,621)				307,609,765
Other assets less liabilities: 1.8%				5,695,246
NET ASSETS: 100.0%			$	313,305,011

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
CORPORATE BONDS: 98.1%
Canada: 1.3%
$	2,954,000	Bombardier, Inc. 144A 7.45%, 05/01/34	$	2,747,220
		TransAlta Corp.
	4,684,000	4.50%, 11/15/22		4,852,816
	3,517,000	6.50%, 03/15/40		3,556,676
	4,675,000	WestJet Airlines Ltd. 144A 3.50%, 06/16/21		4,741,281
				15,897,993
Cayman Islands: 2.0%
		Noble Holding International Ltd.
	5,587,000	5.25%, 03/15/42		2,150,995
	4,809,000	6.05%, 03/01/41		1,707,195
	4,696,000	6.20%, 08/01/40		1,831,440
	5,272,000	7.95%, 04/01/25		3,057,760
	4,743,000	8.95%, 04/01/45		2,051,348
		Transocean, Inc.
	11,700,000	6.80%, 03/15/38		7,268,625
	6,942,000	7.50%, 04/15/31		4,685,850
	3,537,000	9.35%, 12/15/41		2,458,215
				25,211,428
Finland: 0.5%
	5,906,000	Nokia OYJ
		6.63%, 05/15/39		6,791,900
Germany: 2.7%
		Deutsche Bank AG
	17,487,000	4.30% (USD Swap Semi 30/360
		5 Year+2.25%), 05/24/28		16,575,986
	17,506,000	4.50%, 04/01/25		17,079,315
				33,655,301
Ireland: 0.3%
	3,060,000	Smurfit Kappa Treasury Funding Ltd. 7.50%, 11/20/25		3,725,550
Italy: 2.0%
	23,143,000	Intesa Sanpaolo SpA 144A 5.02%, 06/26/24		24,159,314
Luxembourg: 4.3%
		Telecom Italia Capital
	11,663,000	6.00%, 09/30/34		12,508,567
	11,619,000	6.38%, 11/15/33		12,864,673
	11,709,000	7.20%, 07/18/36		13,699,530
	11,639,000	7.72%, 06/04/38		14,286,872
				53,359,642
Sweden: 1.0%
	11,749,000	Ericsson LM 4.13%, 05/15/22		12,205,449
United Kingdom: 6.3%
	6,820,000	Barclays Bank Plc 6.28% (ICE LIBOR USD 3 Month+1.55%), 12/15/34 (o)		7,621,350
		Lloyds Banking Group Plc 144A
	4,385,000	6.41% (ICE LIBOR USD 3 Month+1.50%), 10/01/35 (o)		4,905,719
	5,089,000	6.66% (ICE LIBOR USD 3 Month+1.27%), 05/21/37 (o)		5,776,015

Principal Amount			Value
United Kingdom: (continued)
$	8,887,000	Royal Bank of Scotland Group Plc 7.65% (ICE LIBOR USD 3 Month+2.50%), 09/30/31 (o)	$	12,666,641
	300,000	Signet UK Finance Plc 4.70%, 06/15/24		283,500
	8,800,000	Standard Chartered Plc 144A 7.01% (ICE LIBOR USD 3 Month+1.46%), 07/30/37 (o)		10,323,764
		Valaris plc
	1,600,000	4.50%, 10/01/24		824,000
	5,910,000	5.20%, 03/15/25		3,102,750
	11,736,000	5.75%, 10/01/44		4,811,760
	23,392,000	Vodafone Group Plc 7.00% (USD Swap Semi 30/360 5 Year+4.87%), 04/04/79		27,105,197
				77,420,696
United States: 77.7%
		ADT Corp.
	11,646,000	3.50%, 07/15/22		11,716,691
	8,154,000	4.13%, 06/15/23		8,296,695
		Allegheny Technologies, Inc.
	5,847,000	5.95%, 01/15/21		6,051,645
	5,845,000	7.88%, 08/15/23		6,387,416
	6,070,000	Ally Financial, Inc. 8.00%, 11/01/31		8,378,421
		Arconic, Inc.
	14,703,000	5.40%, 04/15/21		15,173,643
	7,392,000	5.87%, 02/23/22		7,907,259
	7,511,000	5.90%, 02/01/27		8,358,306
	7,275,000	5.95%, 02/01/37		7,862,129
	3,272,000	6.75%, 01/15/28		3,776,215
	5,749,000	Avon Products, Inc. 7.00%, 03/15/23		6,065,195
		Bed Bath & Beyond, Inc.
	3,500,000	3.75%, 08/01/24 †		3,482,500
	3,586,000	4.92%, 08/01/34		2,756,817
	10,520,000	5.17%, 08/01/44		7,690,120
		Buckeye Partners LP
	6,965,000	3.95%, 12/01/26		6,439,693
	4,750,000	4.13%, 12/01/27		4,388,394
	6,000,000	4.15%, 07/01/23		6,040,962
	3,512,000	4.35%, 10/15/24		3,524,072
	7,570,000	4.88%, 02/01/21		7,690,487
	2,676,000	5.60%, 10/15/44		2,234,510
	4,750,000	5.85%, 11/15/43		4,110,434
		Carpenter Technology Corp.
	3,505,000	4.45%, 03/01/23		3,619,249
	2,924,000	5.20%, 07/15/21		2,997,403
		CBL & Associates LP
	3,498,000	4.60%, 10/15/24		2,238,720
	5,251,000	5.25%, 12/01/23		3,688,828
	7,241,000	5.95%, 12/15/26		4,851,470
	5,938,000	CDK Global, Inc. 5.00%, 10/15/24		6,436,792
		CenturyLink, Inc.
	4,930,000	6.88%, 01/15/28		5,250,450
	6,285,000	7.60%, 09/15/39		6,426,412

Principal Amount			Value
United States: (continued)
		CF Industries Holdings, Inc.
$	8,737,000	3.45%, 06/01/23	$	8,900,819
	8,742,000	4.95%, 06/01/43		8,785,710
	8,761,000	5.15%, 03/15/34		9,330,465
	8,762,000	5.38%, 03/15/44		9,024,860
	3,496,000	Cliffs Natural Resources, Inc. 6.25%, 10/01/40		2,989,080
	4,176,000	Crown Cork & Seal Co., Inc. 7.38%, 12/15/26		5,032,080
		DCP Midstream Operating LP
	5,862,000	3.88%, 03/15/23		5,942,603
	4,102,000	4.95%, 04/01/22		4,245,980
	4,669,000	5.60%, 04/01/44		4,436,951
	3,584,000	8.13%, 08/16/30		4,417,280
		DCP Midstream Operating LP 144A
	5,892,000	4.75%, 09/30/21		6,024,570
	3,600,000	6.45%, 11/03/36		3,717,000
	5,266,000	6.75%, 09/15/37		5,516,135
	11,671,000	Dell EMC 3.38%, 06/01/23		11,758,532
		Dell, Inc.
	4,693,000	4.63%, 04/01/21		4,848,456
	3,138,000	5.40%, 09/10/40		3,106,620
	4,523,000	6.50%, 04/15/38		4,787,053
	3,493,000	7.10%, 04/15/28		4,060,613
		Diamond Offshore Drilling, Inc.
	2,912,000	3.45%, 11/01/23		2,389,645
	8,838,000	4.88%, 11/01/43		4,540,523
	5,853,000	5.70%, 10/15/39		3,102,090
	11,620,000	Dresdner Funding Trust I 144A 8.15%, 06/30/31		15,562,085
		Edgewell Personal Care
	7,180,000	4.70%, 05/19/21		7,377,450
	5,980,000	4.70%, 05/24/22		6,196,775
	17,283,000	Embarq Corp. 8.00%, 06/01/36		17,196,585
	4,642,000	Energen Corp. 4.63%, 09/01/21		4,723,235
		EnLink Midstream Partners LP
	8,765,000	4.15%, 06/01/25		7,942,142
	6,419,000	4.40%, 04/01/24		6,041,884
	5,355,000	5.05%, 04/01/45		4,043,025
	4,136,000	5.60%, 04/01/44		3,195,060
		Freeport-McMoRan, Inc.
	21,932,000	3.55%, 03/01/22		22,233,565
	22,411,000	3.88%, 03/15/23		22,803,192
	9,929,000	4.55%, 11/14/24		10,350,982
	8,782,000	5.40%, 11/14/34		8,617,337
	21,849,000	5.45%, 03/15/43		20,428,815
	11,015,000	Frontier Communications Corp. 9.00%, 08/15/31		4,956,750
	3,487,000	Frontier Florida LLC 6.86%, 02/01/28		3,260,345
		Genworth Holdings, Inc.
	4,469,000	4.80%, 02/15/24		4,167,343
	4,424,000	4.90%, 08/15/23		4,187,316
	3,501,000	6.50%, 06/15/34		3,210,207
	4,457,000	7.20%, 02/15/21		4,579,568
	8,123,000	7.63%, 09/24/21		8,443,046

Principal Amount			Value
United States: (continued)
$	3,679,000	Global Marine, Inc. 7.00%, 06/01/28	$	3,219,125
	13,799,000	Goldman Sachs Capital I 6.35%, 02/15/34		17,973,666
	3,520,000	H.B. Fuller Co. 4.00%, 02/15/27		3,484,800
	3,419,000	HCA, Inc. 7.69%, 06/15/25		4,136,990
	2,955,000	IFM US Colonial Pipeline 2 LLC 144A 6.45%, 05/01/21		3,070,478
		Ingram Micro, Inc.
	3,533,000	5.00%, 08/10/22		3,622,617
	5,868,000	5.45%, 12/15/24		6,068,094
		JC Penney Corp., Inc.
	4,492,000	6.38%, 10/15/36		1,572,200
	3,609,000	7.40%, 04/01/37		1,317,285
	5,803,000	7.63%, 03/01/97		1,740,900
		L Brands, Inc.
	4,085,000	6.95%, 03/01/33		3,247,575
	3,510,000	7.60%, 07/15/37		2,930,850
	3,095,000	Leonardo US Holdings, Inc. 144A 6.25%, 01/15/40		3,406,048
		Mack-Cali Realty LP
	3,219,000	3.15%, 05/15/23		3,080,541
	3,512,000	4.50%, 04/18/22		3,542,776
	4,714,000	Magellan Health, Inc. 4.90%, 09/22/24		4,690,430
		Mattel, Inc.
	4,117,000	2.35%, 08/15/21		4,055,245
	2,934,000	3.15%, 03/15/23		2,809,305
	3,393,000	5.45%, 11/01/41		2,731,297
	2,999,000	6.20%, 10/01/40		2,534,155
	657,000	McClatchy Co. 6.88%, 03/15/29		335,070
		MDC Holdings, Inc.
	2,911,000	5.50%, 01/15/24		3,187,545
	5,842,000	6.00%, 01/15/43		6,112,192
	2,177,233	Midland Cogeneration Venture LP 144A 6.00%, 03/15/25		2,184,132
		Murphy Oil Corp.
	5,852,000	4.00%, 06/01/22		5,925,150
	6,989,000	4.20%, 12/01/22		7,146,252
	4,072,000	5.63%, 12/01/42		3,486,324
	2,821,000	7.05%, 05/01/29		3,032,575
		Nabors Industries, Inc.
	7,456,000	4.63%, 09/15/21		6,952,720
	4,051,000	5.10%, 09/15/23		3,119,270
		New Albertsons, Inc.
	3,882,000	7.45%, 08/01/29		3,940,230
	3,282,000	8.00%, 05/01/31		3,364,050
	2,963,000	NuStar Logistics, LP 4.75%, 02/01/22		3,022,260
		Oceaneering International, Inc.
	5,981,000	4.65%, 11/15/24		5,592,235
	3,505,000	6.00%, 02/01/28		3,259,650
		Owens & Minor, Inc.
	3,287,000	3.88%, 09/15/21		3,128,567
	3,175,000	4.38%, 12/15/24		2,460,625

Principal Amount			Value
United States: (continued)
$	3,253,000	Pactiv LLC 7.95%, 12/15/25	$	3,529,505
		Pitney Bowes, Inc.
	6,967,000	4.13%, 10/01/21		7,051,997
	4,706,000	4.63%, 05/15/22		4,729,530
	5,857,000	4.63%, 03/15/24		5,534,279
	4,696,000	5.20%, 04/01/23		4,649,040
		PulteGroup, Inc.
	3,487,000	6.00%, 02/15/35		3,861,853
	4,652,000	6.38%, 05/15/33		5,314,910
	3,495,000	7.88%, 06/15/32		4,429,913
		Qwest Corp.
	11,096,000	6.75%, 12/01/21		11,979,963
	9,927,000	6.88%, 09/15/33		9,998,971
	2,917,000	7.13%, 11/15/43		2,960,172
	2,913,000	7.25%, 09/15/25		3,343,275
	4,611,000	RBS Capital Trust II 6.43% (ICE LIBOR USD 3 Month+1.94%), 01/03/34 (o)		6,340,125
	3,218,000	Rite Aid Corp. 7.70%, 02/15/27		2,148,015
		Rowan Cos, Inc.
	3,700,000	4.75%, 01/15/24		2,146,000
	7,164,000	4.88%, 06/01/22		4,835,700
	4,650,000	5.40%, 12/01/42		1,790,250
	4,662,000	5.85%, 01/15/44		1,794,870
	7,352,159	Ruby Pipeline LLC 144A
		6.50%, 04/01/22		7,611,266
	3,096,000	Safeway, Inc. 7.25%, 02/01/31		3,173,400
		Sealed Air Corp. 144A
	575,000	4.88%, 12/01/22		610,938
	4,823,000	6.88%, 07/15/33		5,642,910
		Senior Housing Properties Trust
	2,867,000	4.75%, 05/01/24		2,969,690
	5,854,000	4.75%, 02/15/28		6,040,235
	3,504,000	6.75%, 12/15/21		3,734,763
	6,969,000	SLM Corp. 5.63%, 08/01/33		6,132,720
	10,922,000	Southwestern Energy Co. 6.20%, 01/23/25		9,665,970
		Sprint Capital Corp.
	28,930,000	6.88%, 11/15/28		31,461,375
	23,328,000	8.75%, 03/15/32		28,504,017
	4,715,000	Symantec Corp. 3.95%, 06/15/22		4,848,943
	4,266,000	Tenet Healthcare Corp. 6.88%, 11/15/31		3,914,055
	8,361,192	Topaz Solar Farms LLC 144A 5.75%, 09/30/39		9,369,698
	4,716,000	Trinity Industries, Inc. 4.55%, 10/01/24		4,875,325
	7,015,000	Tupperware Brands Corp. 4.75%, 06/01/21		7,037,250
	7,008,000	Under Armour, Inc. 3.25%, 06/15/26		6,779,769
	6,359,000	United States Cellular Corp. 6.70%, 12/15/33		6,933,218

Principal Amount			Value
United States: (continued)
$	4,085,000	United States Steel Corp. 6.65%, 06/01/37	$	3,063,750
	8,830,000	Washington Prime Group LP 6.45%, 08/15/24		8,509,912
		Wyndham Destinations, Inc.
	4,677,000	3.90%, 03/01/23		4,720,847
	7,589,000	4.25%, 03/01/22		7,759,752
	3,529,000	5.40%, 04/01/24		3,758,385
	4,692,000	5.75%, 04/01/27		5,131,875
	4,101,000	6.35%, 10/01/25		4,562,363
		Xerox Corp.
	3,486,000	3.80%, 05/15/24		3,520,860
	3,151,000	4.07%, 03/17/22		3,221,898
	11,636,000	4.13%, 03/15/23		11,941,445
	12,387,000	4.50%, 05/15/21		12,766,352
	2,953,000	4.80%, 03/01/35		2,517,433
	4,030,000	6.75%, 12/15/39		4,079,085
	3,579,000	XPO CNW, Inc. 6.70%, 05/01/34		3,605,843
		Yum! Brands, Inc.
	4,004,000	3.75%, 11/01/21		4,114,110
	4,001,000	3.88%, 11/01/20		4,061,015
	3,723,000	3.88%, 11/01/23		3,872,590
	3,119,000	5.35%, 11/01/43		3,072,215
	3,785,000	6.88%, 11/15/37		4,333,825
				960,155,389
Total Investments Before Collateral for Securities Loaned: 98.1% (Cost: $1,212,328,539)				1,212,582,662
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.1%
Repurchase Agreements: 0.1%
$	83,026	Repurchase agreement dated 10/31/19 with BofA Securities, Inc., 1.73%, due 11/1/19, proceeds $83,030; (collateralized by various U.S. government and agency obligations, 1.63% to 2.63%, due 11/30/20 to 8/15/27, valued at $84,687 including accrued interest)		83,026
	1,000,000	Repurchase agreement dated 10/31/19 with Citigroup Global Markets, Inc., 1.72%, due 11/1/19, proceeds $1,000,048; (collateralized by various U.S. government and agency obligations, 0.13% to 4.25%, due 3/31/20 to 2/15/49, valued at $1,020,000 including accrued interest)		1,000,000
Total Short-Term Investments Held As Collateral For Securities On Loan (Cost: $1,083,026)				1,083,026
Total Investments: 98.2% (Cost: $1,213,411,565)				1,213,665,688
Other assets less liabilities: 1.8%				22,070,284
NET ASSETS: 100.0%			$	1,235,735,972

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
CORPORATE BONDS: 69.5%
Australia: 0.9%
$	225,000	National Australia Bank Ltd. 3.63%, 06/20/23	$	236,568
Austria: 1.0%
	50,000	Klabin Austria GmbH 144A 7.00%, 04/03/49		54,076
	200,000	Suzano Austria GmbH 144A 5.75%, 07/14/26		222,302
				276,378
Bermuda: 0.7%
	200,000	GCL New Energy Holdings Ltd. Reg S 7.10%, 01/30/21		185,308
Brazil: 0.4%
	100,000	Banco Nacional de Desenvolvimento Econômico e Social Reg S 4.75%, 05/09/24		106,501
British Virgin Islands: 2.7%
	200,000	Beijing Capital Polaris Investment Co. Ltd. Reg S 4.25%, 03/26/21		202,816
	200,000	LTC GB Ltd. Reg S 2.75%, 05/26/21		199,029
	200,000	Rongshi International Finance Ltd. Reg S 3.25%, 05/21/24		205,382
	92,000	Star Energy Geothermal Wayang Windu Ltd. 144A 6.75%, 04/24/33		97,894
				705,121
Canada: 1.2%
	125,000	Bank of Nova Scotia 2.38%, 01/18/23		126,442
	200,000	Toronto-Dominion Bank 1.85%, 09/11/20		200,049
				326,491
Cayman Islands: 3.0%
	175,000	Fibria Overseas Finance Ltd. 5.50%, 01/17/27		191,188
	200,000	MAF Sukuk Ltd. Reg S 4.64%, 05/14/29		213,500
	225,000	Modern Land China Co. Ltd. Reg S 7.95%, 03/05/21		208,260
	200,000	MTR Corp. Ltd. Reg S 2.50%, 11/02/26		198,711
				811,659
Chile: 0.2%
	50,000	Inversiones CMPC SA 144A 4.38%, 04/04/27		51,928
China / Hong Kong: 10.6%
	200,000	Agricultural Bank of China Ltd. Reg S 2.75%, 10/20/20		200,637
		Bank of China Ltd. Reg S
	450,000	2.25%, 07/12/21		448,560
	300,000	3.03% (ICE LIBOR USD 3 Month+.88%), 11/22/22		301,746
	200,000	CGNPC International Ltd. Reg S 2.75%, 07/02/24		200,846
	200,000	China Development Bank Reg S 2.75%, 11/16/22		202,761

Principal Amount			Value
China / Hong Kong: (continued)
		Industrial & Commercial Bank of China Ltd. Reg S
$	475,000	2.66% (ICE LIBOR USD 3 Month+.72%), 04/25/22	$	475,483
	300,000	2.77% (ICE LIBOR USD 3 Month+.83%), 04/25/24		300,725
	200,000	2.77% (ICE LIBOR USD 3 Month+.77%), 10/12/20		200,366
	300,000	2.85% (ICE LIBOR USD 3 Month+.73%), 06/14/21		300,482
	200,000	2.95% (ICE LIBOR USD 3 Month+.83%), 06/14/23		200,711
				2,832,317
Costa Rica: 0.4%
	100,000	Banco Nacional de Costa Rica 144A 5.88%, 04/25/21		101,375
France: 1.2%
	300,000	Electricite de France SA 144A 3.63%, 10/13/25		320,890
Germany: 5.7%
		Kreditanstalt fuer Wiederaufbau
	500,000	1.75%, 09/14/29		499,538
	600,000	2.00%, 11/30/21		604,926
	200,000	2.00%, 09/29/22		202,489
	200,000	Landesbank Baden-Wuerttemberg Reg S 2.38%, 05/31/22		202,907
				1,509,860
India: 4.1%
	200,000	Adani Green Energy Ltd. / Prayatna Developers Pvt Ltd. / Parampujya Solar Energy Pvt Ltd. Reg S 6.25%, 12/10/24		212,484
	50,000	Axis Bank Ltd. 144A 2.88%, 06/01/21		50,052
	200,000	IDBI Bank Ltd. Reg S 4.25%, 11/30/20		201,842
	200,000	REC Ltd. Reg S 3.88%, 07/07/27		200,737
	200,000	ReNew Power Synthetic 144A 6.67%, 03/12/24		202,785
	200,000	State Bank of India/London Reg S 4.50%, 09/28/23		212,233
				1,080,133
Japan: 2.7%
	400,000	Development Bank of Japan, Inc. Reg S 2.50%, 10/18/22		406,255
	200,000	Mitsubishi UFJ Financial Group, Inc. 2.53%, 09/13/23		201,978
	100,000	Sumitomo Mitsui Banking Corp. 2.45%, 10/20/20		100,570
				708,803
Luxembourg: 0.9%
	240,000	Klabin Finance SA 144A 4.88%, 09/19/27		250,202
Mauritius: 1.1%
	200,000	Azure Power Energy Ltd. 144A 5.50%, 11/03/22		202,865

Principal Amount			Value
Mauritius: (continued)
$	100,000	Greenko Investment Co. 144A 4.88%, 08/16/23	$	99,005
				301,870
Netherlands: 4.5%
		Greenko Dutch BV 144A
	200,000	4.88%, 07/24/22		201,737
	50,000	5.25%, 07/24/24		50,463
	350,000	ING Groep NV 144A 4.63%, 01/06/26		389,888
		Nederlandse Waterschapsbank NV 144A
	300,000	2.13%, 11/15/21		302,662
	250,000	3.13%, 12/05/22		262,024
				1,206,774
South Korea: 3.3%
	50,000	Hyundai Capital Services, Inc. 144A 2.88%, 03/16/21		50,254
	100,000	Korea Electric Power Corp. 144A 2.50%, 06/24/24		101,298
	50,000	Korea Hydro & Nuclear Power Co. Ltd. 144A 3.75%, 07/25/23		52,637
	200,000	Korea Midland Power Co. Ltd. Reg S 3.38%, 01/22/22		205,158
	200,000	Korea Water Resources Corp. Reg S 3.88%, 05/15/23		210,761
	250,000	LG Chem Ltd. 144A 3.63%, 04/15/29		261,611
				881,719
United Arab Emirates: 0.8%
	200,000	First Abu Dhabi Bank PJSC Reg S 3.00%, 03/30/22		203,713
United States: 24.1%
		Alexandria Real Estate Equities, Inc.
	100,000	3.80%, 04/15/26		107,563
	200,000	4.00%, 01/15/24		214,309
		Apple, Inc.
	150,000	2.85%, 02/23/23		154,573
	500,000	3.00%, 06/20/27		528,002
		Avangrid, Inc.
	50,000	3.15%, 12/01/24		52,061
	250,000	3.80%, 06/01/29		269,532
	525,000	Bank of America Corp. 3.50% (ICE LIBOR USD 3 Month+.63%), 05/17/22		536,194
	450,000	Boston Properties LP 4.50%, 12/01/28		515,117
	200,000	Clearway Energy Operating LLC 5.38%, 08/15/24		203,500
	150,000	Digital Realty Trust LP 3.95%, 07/01/22		156,723
	175,000	DTE Electric Co. 3.95%, 03/01/49		202,459
	350,000	Duke Energy Carolinas LLC 3.95%, 11/15/28		395,873
	100,000	ERP Operating LP 4.15%, 12/01/28		112,920
	100,000	HAT Holdings I LLC / HAT Holdings II LLC 144A 5.25%, 07/15/24		105,375

Principal Amount			Value
United States: (continued)
$	100,000	Host Hotels & Resorts LP 3.38%, 12/15/29	$	100,216
		Interstate Power & Light Co.
	100,000	3.50%, 09/30/49		101,461
	175,000	4.10%, 09/26/28		194,425
	180,000	Kaiser Foundation Hospitals 3.15%, 05/01/27		190,639
	100,000	Kilroy Realty LP 4.75%, 12/15/28		113,863
		MidAmerican Energy Co.
	100,000	3.10%, 05/01/27		106,043
	100,000	3.15%, 04/15/50		102,928
	100,000	3.65%, 08/01/48		110,599
	200,000	3.95%, 08/01/47		231,226
	325,000	4.25%, 07/15/49		399,505
	100,000	NSTAR Electric Co. 3.25%, 05/15/29		106,948
	125,000	Owens Corning 3.95%, 08/15/29		128,782
		Public Service Co. of Colorado
	100,000	3.70%, 06/15/28		110,625
	75,000	4.10%, 06/15/48		87,444
	75,000	Regency Centers LP 3.75%, 06/15/24		79,024
	400,000	Southern Power Co. 4.15%, 12/01/25		437,941
	250,000	Verizon Communications, Inc. 3.88%, 02/08/29		276,712
				6,432,582
Total Corporate Bonds (Cost: $18,343,380)				18,530,192
GOVERNMENT OBLIGATIONS: 29.3%
Canada: 0.4%
	100,000	Export Development Canada 1.63%, 06/01/20		99,936
Chile: 1.4%
	350,000	Chile Government International Bond 3.50%, 01/25/50		376,950
China / Hong Kong: 1.0%
	250,000	Hong Kong Government International Bond 144A 2.50%, 05/28/24		256,062
Finland: 0.2%
	50,000	Municipality Finance Plc 144A 1.38%, 09/21/21		49,725
Indonesia: 3.1%
		Perusahaan Penerbit SBSN Indonesia III 144A
	375,000	3.90%, 08/20/24		396,041
	400,000	4.45%, 02/20/29		442,000
				838,041
Mexico: 0.2%
	50,000	Nacional Financiera SNC 144A 3.38%, 11/05/20		50,313
Norway: 0.7%
	200,000	Kommunalbanken AS 144A 1.38%, 10/26/20		199,257

Principal Amount			Value
South Korea: 0.9%
$	250,000	Export-Import Bank of Korea 2.13%, 02/11/21	$	250,017
Supranational: 13.3%
		Asian Development Bank
	300,000	1.88%, 08/10/22		302,316
	200,000	2.13%, 03/19/25		205,355
	100,000	2.38%, 08/10/27		104,705
	100,000	3.13%, 09/26/28		111,365
	125,000	European Bank for Reconstruction & Development 1.88%, 07/15/21		125,444
		European Investment Bank
	100,000	1.63%, 10/09/29		98,901
	100,000	2.13%, 04/13/26		102,887
	625,000	2.50%, 10/15/24		651,537
	600,000	European Investment Bank 144A 2.88%, 06/13/25		640,465
		International Bank for Reconstruction & Development
	280,000	2.13%, 03/03/25		287,250
	150,000	3.13%, 11/20/25		162,834
		International Finance Corp.
	230,000	2.00%, 10/24/22		232,874
	320,000	2.13%, 04/07/26		328,894

Principal Amount			Value
Supranational: (continued)
$	200,000	Nordic Investment Bank 2.25%, 09/30/21	$	202,241
				3,557,068
Sweden: 1.4%
	175,000	Kommuninvest I Sverige AB 144A 1.88%, 06/01/21		175,444
	200,000	Svensk Exportkredit AB 1.88%, 06/23/20		200,110
				375,554
United States: 6.7%
	20,000	District of Columbia Water & Sewer Authority 4.81%, 10/01/14		27,783
		Fannie Mae-Aces
	925,000	3.04%, 03/25/28		982,057
	200,000	3.33%, 06/25/28		216,817
	500,000	3.55%, 09/25/28		552,648
				1,779,305
Total Government Obligations (Cost: $7,827,241)				7,832,228
Total Investments: 98.8% (Cost: $26,170,621)				26,362,420
Other assets less liabilities: 1.2%				308,372
NET ASSETS: 100.0%			$	26,670,792

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
CORPORATE BONDS: 97.3%
Argentina: 1.2%
USD	130,000	Arcor SAIC 144A 6.00%, 07/06/23	$	117,034
	100,000	Genneia SA 144A 8.75%, 01/20/22		68,000
		Pampa Energia SA 144A
	50,000	7.38%, 07/21/23		43,750
	200,000	7.50%, 01/24/27		161,202
	66,667	Pan American Energy LLC Reg S 7.88%, 05/07/21		67,667
	100,000	Telecom Argentina SA 144A
		8.00%, 07/18/26		90,250
	150,000	Transportadora de Gas del Sur SA 144A 6.75%, 05/02/25		126,525
		YPF SA 144A
	170,000	6.95%, 07/21/27		127,757
	25,000	7.00%, 12/15/47		17,844
	100,000	8.50%, 03/23/21		91,750
	250,000	8.50%, 07/28/25		199,250
	200,000	8.75%, 04/04/24		168,000
				1,279,029
Australia: 0.5%
	300,000	FMG Resources 144A 5.13%, 05/15/24		316,125
	100,000	Mineral Resources Ltd. 144A 8.13%, 05/01/27		105,500
	50,000	Virgin Australia Holdings Ltd. 144A 7.88%, 10/15/21		51,500
				473,125
Austria: 0.8%
		JBS Investments II GmbH 144A
	100,000	5.75%, 01/15/28		104,425
	150,000	7.00%, 01/15/26		162,975
	200,000	Klabin Austria GmbH 144A 5.75%, 04/03/29		212,240
EUR	100,000	Novomatic AG 1.63%, 09/20/23		113,587
		Sappi Papier Holding GmbH Reg S
	100,000	3.13%, 04/15/26		106,159
	100,000	4.00%, 04/01/23		113,713
	50,000	Wienerberger AG 5.00% (EUR Swap Annual 5 Year+5.95%), 02/09/21 (o)		59,126
				872,225
Bahamas: 0.2%
	200,000	Starfruit Finco BV / Starfruit US Holdco LLC Reg S 6.50%, 10/01/26		225,936
Bermuda: 0.9%
USD	200,000	China Oil & Gas Group Ltd. Reg S 4.63%, 04/20/22		201,297

Principal Amount			Value
Bermuda: (continued)
USD	200,000	Cosan Ltd. 144A 5.50%, 09/20/29	$	208,150
	51,000	Digicel Group One Ltd. 144A 8.25%, 12/30/22		30,409
		Digicel Group Two Ltd. 144A
	49,000	8.25%, 09/30/22		12,985
	405,728	9.13%04/01/24		75,060
	300,000	Digicel Ltd. 144A 6.00%, 04/15/21		225,003
	200,000	Inkia Energy Ltd. 144A 5.88%, 11/09/27		208,002
				960,906
Brazil: 3.5%
		Banco Bradesco SA 144A
	100,000	5.75%, 03/01/22		106,376
	250,000	5.90%, 01/16/21 †		259,100
	550,000	Banco do Brasil SA 3.88%, 10/10/22		564,300
	200,000	Banco do Brasil SA 144A 5.88%, 01/19/23		215,752
	100,000	Banco do Brasil SA/ Cayman 144A 4.63%, 01/15/25		104,625
	200,000	Banco Safra SA/Cayman Islands 144A 4.13%, 02/08/23		206,000
	300,000	BRF SA 144A 4.75%, 05/22/24		312,075
	150,000	Caixa Economica Federal 144A 3.50%, 11/07/22		152,063
	200,000	Cemig Geracao e Transmissao SA 144A 9.25%, 12/05/24		233,952
	200,000	Centrais Eletricas Brasileiras SA 144A 5.75%, 10/27/21		210,000
	200,000	Globo Comunicacao e Participacoes SA 144A 4.84%, 06/08/25		207,502
		Itau Unibanco Holding SA 144A
	400,000	5.13%, 05/13/23		425,200
	300,000	5.75%, 01/22/21		310,653
	100,000	6.20%, 12/21/21		106,500
	200,000	Natura Cosmeticos SA 144A 5.38%, 02/01/23		210,252
				3,624,350
British Virgin Islands: 3.3%
	100,000	Arcos Dorados Holdings, Inc. 144A 6.63%, 09/27/23		108,625
	100,000	Central American Bottling Corp. 144A 5.75%, 01/31/27		105,751
		Easy Tactic Ltd. Reg S
	200,000	5.75%, 01/13/22		194,123
	200,000	5.88%, 02/13/23		187,411
	200,000	7.00%, 04/25/21		200,538

Principal Amount			Value
British Virgin Islands: (continued)
USD	300,000	Fortune Star BVI Ltd. Reg S 5.25%, 03/23/22	$	299,429
		Gold Fields Orogen Holdings BVI Ltd. 144A
	100,000	5.13%, 05/15/24		106,000
	100,000	6.13%, 05/15/29		113,250
		Greenland Global Investment Ltd. Reg S
	200,000	5.88%, 07/03/24		194,960
	200,000	6.75%, 06/25/22		205,923
	200,000	New Metro Global Ltd. Reg S 6.50%, 04/23/21		197,804
	250,000	RKI Overseas Finance 2017 A Ltd. Reg S 7.00%, 06/23/22 (o)		213,778
	200,000	Scenery Journey Ltd. Reg S 11.00%, 11/06/20		204,235
	250,000	Sino-Ocean Land Treasure III Ltd. Reg S 4.90% (US Treasury Yield Curve Rate T 5 Year+3.26%), 09/21/22 (o)		218,868
	184,000	Star Energy Geothermal Wayang Windu Ltd. 144A 6.75%, 04/24/33		195,788
	200,000	Studio City Co. Ltd. 144A 7.25%, 11/30/21		205,540
	100,000	Studio City Finance Ltd. 144A 7.25%, 02/11/24		106,500
	200,000	Wanda Properties International Co. Ltd. Reg S 7.25%, 01/29/24		203,298
	200,000	Wealth Driven Ltd. Reg S 5.50%, 08/17/23		200,817
				3,462,638
Bulgaria: 0.1%
EUR	125,000	Bulgarian Energy Holding EAD Reg S 3.50%, 06/28/25		154,142
Canada: 6.3%
USD	50,000	Air Canada 144A 7.75%, 04/15/21		53,813
	100,000	Athabasca Oil Corp. 144A 9.88%, 02/24/22		93,250
	100,000	Baffinland Iron Mines Corp. / Baffinland Iron Mines LP 144A 8.75%, 07/15/26		100,500
	150,000	Baytex Energy Corp. 144A 5.63%, 06/01/24		134,250
		Bombardier, Inc. 144A
	50,000	6.00%, 10/15/22		49,000
	150,000	6.13%, 01/15/23		147,000
CAD	150,000	7.35%, 12/22/26		111,632
USD	100,000	7.50%, 12/01/24		97,188
	300,000	7.50%, 03/15/25		288,000
	250,000	7.88%, 04/15/27		236,875
	100,000	8.75%, 12/01/21		106,250

Principal Amount			Value
Canada: (continued)
USD	200,000	Brookfield Residential Properties, Inc. / Brookfield Residential US Corp. 144A 6.25%, 09/15/27	$	204,500
	50,000	Cascades, Inc. 144A 5.50%, 07/15/22		51,000
	150,000	Emera, Inc. 6.75% (ICE LIBOR USD 3 Month+5.44%), 06/15/76		168,897
	100,000	Ensign Drilling, Inc. 144A 9.25%, 04/15/24		85,250
		First Quantum Minerals Ltd. 144A
	200,000	7.25%, 04/01/23		201,625
	300,000	7.50%, 04/01/25		301,875
	100,000	goeasy Ltd. 144A 7.88%, 11/01/22		104,125
	100,000	Hudbay Minerals, Inc. 144A 7.63%, 01/15/25		102,313
	125,000	Hulk Finance Corp. 144A 7.00%, 06/01/26		132,813
	100,000	IAMGOLD Corp. 144A 7.00%, 04/15/25		103,750
	256,000	Lightstream Resources 144A 8.63%, 02/01/20 (d) *		1,754
	175,000	Mattamy Group Corp. 144A 6.88%, 12/15/23		181,781
	350,000	MEG Energy Corp. 144A 6.38%, 01/30/23		332,062
	100,000	New Gold, Inc. 144A 6.25%, 11/15/22		100,500
		New Red Finance, Inc. 144A
	180,000	4.25%, 05/15/24		185,175
	400,000	5.00%, 10/15/25		413,000
	120,000	Norbord, Inc. 144A 5.75%, 07/15/27		124,500
	100,000	Northwest Acquisitions ULC / Dominion Finco, Inc. 144A 7.13%, 11/01/22		50,250
	350,000	NOVA Chemicals Corp. 144A 5.25%, 08/01/23		354,594
	200,000	Open Text Corp. 144A 5.63%, 01/15/23		204,750
CAD	150,000	Parkland Fuel Corp. 5.63%, 05/09/25		118,956
		Parkland Fuel Corp. 144A
USD	50,000	5.88%, 07/15/27		53,041
	100,000	6.00%, 04/01/26		106,095
	150,000	Precision Drilling Corp. 144A 7.13%, 01/15/26		130,500
	100,000	Quebecor Media, Inc. 5.75%, 01/15/23		108,720
CAD	250,000	Quebecor Media, Inc. 144A 6.63%, 01/15/23		208,124
USD	100,000	Ritchie Bros Auctioneers, Inc. 144A 5.38%, 01/15/25		104,750

Principal Amount			Value
Canada: (continued)
USD	200,000	Seven Generations Energy Ltd. 144A 6.75%, 05/01/23	$	203,500
CAD	150,000	Sobeys, Inc. 4.70%, 08/08/23		121,456
USD	150,000	Superior Plus LP / Superior General Partner, Inc. 144A 7.00%, 07/15/26		162,000
	100,000	Tervita Escrow Corp. 144A 7.63%, 12/01/21		99,000
		TransAlta Corp.
	75,000	4.50%, 11/15/22		77,703
	75,000	6.50%, 03/15/40		75,846
CAD	200,000	Videotron Ltd. 5.63%, 06/15/25		164,592
	50,000	Videotron Ltd. Reg S 5.75%, 01/15/26		40,328
				6,596,883
Cayman Islands: 10.8%
USD	200,000	Agile Group Holdings Ltd. Reg S 6.70%, 03/07/22		207,593
	200,000	Alpha Star Holding III Ltd. Reg S 6.25%, 04/20/22		190,992
	200,000	Central China Real Estate Ltd. Reg S 8.75%, 01/23/21		205,300
		CFLD Cayman Investment Ltd. Reg S
	200,000	6.50%, 12/21/20		201,263
	200,000	9.00%, 07/31/21		207,602
	200,000	China Aoyuan Property Group Ltd. Reg S 5.38%, 09/13/22		198,226
		China Evergrande Group Reg S
	200,000	6.25%, 06/28/21		187,886
	200,000	8.25%, 03/23/22		185,886
	800,000	8.75%, 06/28/25		671,974
	300,000	9.50%, 03/29/24		268,930
	400,000	China SCE Property Holdings Ltd. Reg S 5.88%, 03/10/22		394,244
		CIFI Holdings Group Co. Ltd. Reg S
	200,000	5.38% (US Treasury Yield Curve Rate T 5 Year+8.57%), 08/24/22 (o)		190,295
	200,000	7.63%, 02/28/23		210,598
	100,000	Comcel Trust 144A 6.88%, 02/06/24		103,250
	200,000	Country Garden Holdings Co. Ltd. Reg S 4.75%, 09/28/23		200,493
	200,000	Dar Al-Arkan Sukuk Co. Ltd. Reg S 6.88%, 03/21/23		197,883

Principal Amount			Value
Cayman Islands: (continued)
USD	200,000	Ezdan Sukuk Co. Ltd. Reg S 4.88%, 04/05/22	$	175,000
	200,000	Fantasia Holdings Group Co. Ltd. Reg S 7.38%, 10/04/21		186,100
	100,000	Global A&T Electronics Ltd. 8.50%, 01/12/23		93,520
	200,000	Global Aircraft Leasing Co. Ltd. 144A 7.25%, 09/15/24		205,190
	100,000	Gran Tierra Energy International Holdings Ltd. 144A 6.25%, 02/15/25		94,125
	100,000	Grupo Aval Ltd. 144A 4.75%, 09/26/22		103,980
	100,000	Industrial Senior Trust Reg S 5.50%, 11/01/22		104,625
		Kaisa Group Holdings Ltd. Reg S
	450,000	9.38%, 06/30/24		406,502
	200,000	11.25%, 04/09/22		202,304
	200,000	KWG Group Holdings Ltd. Reg S 7.88%, 09/01/23		205,816
	350,000	KWG Property Holding Ltd. Reg S 5.88%, 11/10/24		323,542
	225,000	Lamar Funding Ltd. Reg S 3.96%, 05/07/25		211,071
		Latam Finance Ltd. 144A
	100,000	6.88%, 04/11/24		106,075
	200,000	7.00%, 03/01/26		215,900
	400,000	Logan Property Holdings Co. Ltd. Reg S 5.25%, 02/23/23		394,382
	200,000	MAF Global Securities Ltd. Reg S 5.50% (USD Swap Semi 30/360 5 Year+3.48%), 09/07/22 (o)		201,250
	200,000	Melco Resorts Finance Ltd. 144A 4.88%, 06/06/25		205,158
	200,000	MGM China Holdings Ltd. 144A 5.88%, 05/15/26		212,000
	400,000	Noble Holding International Ltd. 7.95%, 04/01/25		232,000
	130,424	Odebrecht Offshore Drilling Finance Ltd. 144A 6.72%, 12/01/22		128,469
	200,000	Redsun Properties Group Ltd. Reg S 9.95%, 04/11/22		189,635
	200,000	Ronshine China Holdings Ltd. Reg S 8.25%, 02/01/21		203,510
	100,000	Shelf Drilling Holdings Ltd. 144A 8.25%, 02/15/25		84,500

Principal Amount			Value
Cayman Islands: (continued)
USD	200,000	Shimao Property Holdings Ltd. Reg S 4.75%, 07/03/22	$	205,295
		Sunac China Holdings Ltd. Reg S
	200,000	7.35%, 07/19/21		203,547
	400,000	7.95%, 08/08/22		409,528
		Times China Holdings Ltd. Reg S
	200,000	6.75%, 07/16/23		202,212
	200,000	7.85%, 06/04/21		206,100
	150,000	UPCB Finance IV Ltd. 144A 5.38%, 01/15/25		155,438
EUR	90,000	UPCB Finance IV Ltd. Reg S 4.00%, 01/15/27		105,870
	100,000	UPCB Finance VII Ltd. Reg S 3.63%, 06/15/29		117,749
USD	200,000	WTT Investment Ltd./Hong Kong 144A 5.50%, 11/21/22		207,541
	200,000	Wynn Macau Ltd. 144A 5.50%, 10/01/27		206,312
	200,000	Yankuang Group Cayman Ltd. Reg S 6.00%, 01/30/22		206,839
		Yuzhou Properties Co. Ltd. Reg S
	300,000	6.00%, 10/25/23		285,431
	200,000	7.90%, 05/11/21		206,800
	200,000	Zhenro Properties Group Ltd. Reg S 12.50%, 01/02/21		211,300
				11,237,031
Chile: 0.2%
	100,000	AES Gener SA 144A 7.13% (USD Swap Semi 30/360 5 Year+4.64%), 03/26/79		104,081
	100,000	Empresa Electrica Guacolda SA 144A 4.56%, 04/30/25		86,416
				190,497
China / Hong Kong: 1.5%
	200,000	Agile Group Holdings Ltd. Reg S 6.88% (US Treasury Yield Curve Rate T 5 Year+9.22%), 03/07/23 (o)		198,956
	400,000	China Cinda Asset Management Co. Ltd. Reg S 4.45% (US Treasury Yield Curve Rate T 5 Year+3.29%), 09/30/21 (o)		397,676
	200,000	China CITIC Bank International Ltd. Reg S 4.25% (US Treasury Yield Curve Rate T 5 Year+3.11%), 10/11/21 (o)		197,401

Principal Amount			Value
China / Hong Kong: (continued)
USD	200,000	China South City Holdings Ltd. Reg S 6.75%, 09/13/21	$	169,800
	200,000	ICBC Asia Ltd. Reg S 4.25% (US Treasury Yield Curve Rate T 5 Year+3.13%), 07/21/21 (o)		200,763
	200,000	Nanyang Commercial Bank Ltd. Reg S 5.00% (US Treasury Yield Curve Rate T 5 Year+3.21%), 06/02/22 (o)		200,134
	200,000	Yanlord Land HK Co. Ltd. Reg S 5.88%, 01/23/22		201,499
				1,566,229
Colombia: 0.5%
	100,000	Banco Davivienda SA Reg S 5.88%, 07/09/22		106,876
		Banco de Bogota SA 144A
	100,000	5.38%, 02/19/23		106,843
	100,000	6.25%, 05/12/26		113,251
	50,000	Banco GNB Sudameris SA 144A 7.50%, 07/30/22		54,063
	80,000	Banco GNB Sudameris SA Reg S 7.50%, 07/30/22		86,501
	50,000	Bancolombia SA 5.13%, 09/11/22		52,745
				520,279
Curacao: 0.1%
	100,000	Teva Pharmaceutical Finance Co. BV 2.95%, 12/18/22		91,375
	50,000	Teva Pharmaceutical Finance IV BV 3.65%, 11/10/21		48,188
				139,563
Czech Republic: 0.3%
EUR	100,000	Energo-Pro AS Reg S 4.00%, 12/07/22		114,650
	150,000	Residomo SRO Reg S 3.38%, 10/15/24		174,135
				288,785
Denmark: 0.4%
	275,000	DKT Finance ApS Reg S 7.00%, 06/17/23		325,580
	100,000	Norican A/S Reg S 4.50%, 05/15/23		95,086
				420,666
Finland: 0.6%
		Nokia OYJ
USD	100,000	3.38%, 06/12/22		101,375
	100,000	6.63%, 05/15/39		115,000
EUR	200,000	Nokia OYJ Reg S 2.00%, 03/15/24		233,644

Principal Amount			Value
Finland: (continued)
EUR	175,000	Teollisuuden Voima OYJ Reg S 2.13%, 02/04/25	$	206,822
				656,841
France: 5.2%
	100,000	Accor SA Reg S 4.38% (EUR Swap Annual 5 Year+4.56%), 01/30/24 (o)		119,670
		Altice France SA 144A
USD	800,000	7.38%, 05/01/26		858,676
	300,000	8.13%, 02/01/27		333,375
EUR	100,000	Altice France SA Reg S 5.88%, 02/01/27		123,346
		Casino Guichard Perrachon SA Reg S
	100,000	1.87%, 06/13/22		104,307
	200,000	4.50%, 03/07/24		193,593
	100,000	4.56%, 01/25/23		104,015
	100,000	5.98%, 05/26/21		114,828
	250,000	CMA CGM SA Reg S 7.75%, 01/15/21		232,331
	200,000	Elis SA Reg S 1.88%, 02/15/23		231,894
		Europcar Mobility Group Reg S
	100,000	4.00%, 04/30/26		104,304
	100,000	4.13%, 11/15/24		105,953
	200,000	Faurecia SE Reg S 3.63%, 06/15/23		227,615
	125,000	Fnac Darty SA Reg S 1.88%, 05/30/24		142,720
	100,000	Getlink SE Reg S 3.63%, 10/01/23		116,871
	150,000	La Financiere Atalian SASU Reg S 4.00%, 05/15/24		112,516
	100,000	La Poste SA Reg S 3.13% (EUR Swap Annual 5 Year+2.44%), 10/29/25 (o)		117,148
		Loxam SAS Reg S
	100,000	2.88%, 04/15/26		109,892
	125,000	3.50%, 04/15/22		141,011
	100,000	4.25%, 04/15/24		113,199
	200,000	New AREVA Holding SA 4.88%, 09/23/24		261,000
	100,000	New AREVA Holding SA Reg S 3.13%, 03/20/23		119,507
	100,000	Nexans SA Reg S 3.25%, 05/26/21		115,984
	100,000	Orano SA Reg S 3.50%, 03/22/21		116,569
	100,000	Paprec Holding SA Reg S 4.00%, 03/31/25		101,176
	200,000	Rexel SA Reg S 2.13%, 06/15/25		227,124
	250,000	Solvay Finance SA Reg S 5.43% (EUR Swap Annual 5 Year+3.70%), 11/12/23 (o)		320,569
USD	100,000	SPCM SA 144A 4.88%, 09/15/25		103,750

Principal Amount			Value
France: (continued)
EUR	100,000	SPIE SA Reg S 3.13%, 03/22/24	$	120,472
	100,000	Tereos Finance Groupe I SA Reg S 4.13%, 06/16/23		71,775
		Vallourec SA Reg S
	100,000	2.25%, 09/30/24		72,271
	125,000	6.63%, 10/15/22		119,062
				5,456,523
Georgia: 0.2%
USD	200,000	Bank of Georgia JSC 144A 6.00%, 07/26/23		208,364
Germany: 4.1%
EUR	200,000	ADLER Real Estate AG Reg S 1.50%, 12/06/21		225,082
		Deutsche Bank AG
USD	100,000	4.30% (USD Swap Semi 30/360 5 Year+2.25%), 05/24/28		94,790
	375,000	4.50%, 04/01/25		365,860
EUR	135,000	Deutsche Bank AG Reg S 2.75%, 02/17/25		155,234
	100,000	Deutsche Lufthansa AG Reg S 5.13% (EUR Swap Annual 5 Year+4.78%), 08/12/75		118,249
	100,000	Deutsche Pfandbriefbank AG Reg S 2.88% (EUR Swap Annual 5 Year+2.75%), 06/28/27		112,821
	150,000	Douglas GmbH Reg S 6.25%, 07/15/22		166,788
	110,000	Hapag-Lloyd AG Reg S 5.13%, 07/15/24		129,626
USD	200,000	IHO Verwaltungs GmbH 144A 5.50%, 09/15/26		199,000
		IHO Verwaltungs GmbH Reg S
EUR	100,000	4.38%, 05/15/25		114,284
	100,000	4.50%, 09/15/26		113,389
	300,000	K+S AG Reg S 3.00%, 06/20/22		351,778
	100,000	LANXESS AG Reg S 4.50% (EUR Swap Annual 5 Year+4.51%), 12/06/76		122,526
	140,000	Metro Wholesale & Food Reg S 1.50%, 03/19/25		164,143
	200,000	Nidda Healthcare Holding GmbH Reg S 3.50%, 09/30/24		231,294
USD	200,000	Norddeutsche Landesbank- Girozentrale Reg S 6.25%, 04/10/24		184,064
EUR	100,000	Platin 1426 GmbH Reg S 5.38%, 06/15/23		105,681
	130,000	ProGroup AG Reg S 3.00%, 03/31/26		142,165
USD	100,000	RWE AG Reg S 6.63% (+4.52%), 07/30/75		113,336

Principal Amount			Value
Germany: (continued)
EUR	100,000	Tele Columbus AG Reg S 3.88%, 05/02/25	$	109,073
		thyssenkrupp AG Reg S
	300,000	1.38%, 03/03/22		336,040
	200,000	2.50%, 02/25/25		229,440
	100,000	2.75%, 03/08/21		114,376
	100,000	TUI AG Reg S 2.13%, 10/26/21		114,549
	100,000	WEPA Hygieneprodukte GmbH Reg S 3.75%, 05/15/24		113,699
				4,227,287
India: 0.7%
USD	200,000	Delhi International Airport Ltd. Reg S 6.13%, 02/03/22		210,262
	200,000	IDBI Bank Ltd. Reg S 4.25%, 11/30/20		201,842
	200,000	JSW Steel Ltd. Reg S 5.95%, 04/18/24		205,083
	100,000	ReNew Power Synthetic 144A 6.67%, 03/12/24		101,393
				718,580
Indonesia: 0.2%
	200,000	Saka Energi Indonesia PT 144A 4.45%, 05/05/24		202,708
Ireland: 2.3%
	200,000	Alfa Bank OJSC 144A 7.75%, 04/28/21		213,657
EUR	100,000	Allied Irish Banks Plc Reg S 4.13% (EUR Swap Annual 5 Year+3.95%), 11/26/25		115,904
GBP	100,000	Bank of Ireland Group Plc Reg S 3.13% (UK Govt Bonds 5 Year Note Generic Bid Yield+2.70%), 09/19/27		129,348
USD	200,000	C&W Senior Financing DAC 144A 6.88%, 09/15/27		211,250
	200,000	Credit Bank of Moscow Via CBOM Finance Plc 144A 5.55%, 02/14/23		202,946
EUR	100,000	eircom Finance DAC Reg S 3.50%, 05/15/26		117,179
USD	200,000	GTLK Europe DAC Reg S 5.13%, 05/31/24		208,500
	150,000	James Hardie International Finance DAC 144A 5.00%, 01/15/28		157,875
	100,000	Metalloinvest Finance DAC 144A 4.85%, 05/02/24		106,337
	200,000	Mobile Telesystems OJSC 144A 5.00%, 05/30/23		211,795
	200,000	SCF Capital Ltd. 144A 5.38%, 06/16/23		212,273
EUR	300,000	Smurfit Kappa Acquisitions ULC Reg S 2.38%, 02/01/24		360,830

Principal Amount			Value
Ireland: (continued)
GBP	150,000	Virgin Media Receivables Financing Notes I DAC Reg S 5.50%, 09/15/24	$	199,448
				2,447,342
Italy: 5.7%
EUR	100,000	Astaldi SpA Reg S 7.13%, 12/01/20 (d) *		23,309
	100,000	Banca IFIS SpA Reg S 4.50% (EUR Swap Annual 5 Year+4.25%), 10/17/27		106,661
	100,000	Banca Popolare di Sondrio SCPA Reg S 2.38%, 04/03/24		112,855
		Banco BPM SpA Reg S
	200,000	1.75%, 04/24/23		226,976
	100,000	2.00%, 03/08/22		114,355
	100,000	4.38% (EUR Swap Annual 5 Year+4.18%), 09/21/27		116,388
	100,000	Banco Popolare SC Reg S 6.00%, 11/05/20		117,176
	100,000	BPER Banca Reg S 5.13% (EUR Swap Annual 5 Year+4.91%), 05/31/27		118,398
	100,000	Iccrea Banca SpA Reg S 1.50%, 10/11/22		114,453
		Intesa Sanpaolo SpA 144A
USD	100,000	5.02%, 06/26/24		104,391
	150,000	5.71%, 01/15/26		160,957
		Intesa Sanpaolo SpA Reg S
EUR	200,000	3.93%, 09/15/26		252,164
	200,000	6.63%, 09/13/23		268,954
	100,000	Intesa Sanpaolo Vita SpA Reg S 4.75% (Euribor 6 Month ACT/360+4.82%), 12/17/24 (o)		120,905
		Leonardo Finmeccanica SpA
	150,000	4.88%, 03/24/25		201,555
	150,000	5.25%, 01/21/22		185,950
	100,000	Mediobanca SpA 5.00%, 11/15/20		116,829
	100,000	Salini Impregilo SpA Reg S 3.75%, 06/24/21		114,199
	100,000	Sisal Group SpA Reg S 7.00%, 07/31/23		115,825
	100,000	Societa Cattolica di Assicurazioni SC Reg S 4.25% (Euribor 3 Month ACT/360+4.46%), 12/14/47		116,167
		Telecom Italia SpA
	100,000	5.25%, 03/17/55		127,912
GBP	150,000	5.88%, 05/19/23		216,933
USD	400,000	Telecom Italia SpA 144A 5.30%, 05/30/24		429,500
		Telecom Italia SpA Reg S
EUR	230,000	2.38%, 10/12/27		264,805
	200,000	2.88%, 01/28/26		237,281
	250,000	3.63%, 05/25/26		310,359
	200,000	4.00%, 04/11/24		247,412
	300,000	5.25%, 02/10/22		374,179

Principal Amount			Value
Italy: (continued)
		Unione di Banche Italiane SpA Reg S
EUR	100,000	4.25% (EUR Swap Annual 5 Year+4.18%), 05/05/26	$	116,246
	150,000	4.45% (EUR Swap Annual 5 Year+4.24%), 09/15/27		179,680
	100,000	5.88% (EUR Swap Annual 5 Year+5.75%), 03/04/29		123,291
	200,000	Unipol Gruppo SpA Reg S 3.00%, 03/18/25		239,493
	200,000	UnipolSai Assicurazioni SpA Reg S 5.75% (Euribor 3 Month ACT/360+5.18%), 06/18/24 (o)		238,661
				5,914,219
Japan: 2.0%
USD	200,000	Asahi Mutual Life Insurance Co. Reg S 6.50% (USD Swap Semi 30/360 5 Year+4.59%), 09/05/23 (o)		210,821
		SoftBank Group Corp. Reg S
	200,000	4.75%, 09/19/24		203,536
	200,000	5.13%, 09/19/27		204,721
	200,000	5.38%, 07/30/22		208,250
	700,000	6.00% (USD ICE Swap Rate 11:00am NY 5 Year+4.23%), 07/19/23 (o)		661,500
	350,000	6.25%, 04/15/28		383,185
	200,000	6.88% (USD ICE Swap Rate 11:00am NY 5 Year+4.85%), 07/19/27 (o)		189,797
				2,061,810
Kazakhstan: 0.6%
	150,000	Halyk Savings Bank of Kazakhstan JSC 144A 7.25%, 01/28/21		157,872
		KazMunayGas National Co. JSC 144A
	200,000	4.40%, 04/30/23		211,683
	100,000	4.75%, 04/19/27		109,361
	125,000	5.75%, 04/19/47		146,412
				625,328
Luxembourg: 8.4%
	150,000	Adecoagro SA 144A 6.00%, 09/21/27		145,500
		Altice Financing SA 144A
	500,000	6.63%, 02/15/23		514,850
	200,000	7.50%, 05/15/26		213,000
EUR	150,000	Altice Financing SA Reg S 5.25%, 02/15/23		172,209
USD	300,000	Altice Luxembourg SA 144A 7.63%, 02/15/25		310,500
		Altice Luxembourg SA Reg S
EUR	100,000	6.25%, 02/15/25		116,235
	100,000	8.00%, 05/15/27		122,659

Principal Amount			Value
Luxembourg: (continued)
GBP	100,000	Amigo Luxembourg SA Reg S 7.63%, 01/15/24	$	125,933
EUR	200,000	ARD Finance SA 7.38% 09/15/23		231,782
		Ardagh Packaging Finance Plc / Ardagh Holdings USA, Inc. 144A
USD	200,000	4.63%, 05/15/23		204,900
	100,000	6.00%, 02/15/25		105,250
		Ardagh Packaging Finance Plc / Ardagh Holdings USA, Inc. Reg S
EUR	250,000	2.75%, 03/15/24		284,972
	250,000	4.13%, 05/15/23		285,192
	100,000	BMBG Bond Finance SCA Reg S 3.00%, 06/15/21		112,327
GBP	101,000	Cabot Financial Luxembourg SA Reg S 7.50%, 10/01/23		135,758
EUR	150,000	Cirsa Finance International Sarl 144A 6.25%, 12/20/23		177,598
	100,000	Codere Finance SA Reg S 6.75%, 11/01/21		97,249
USD	150,000	Consolidated Energy Finance SA 144A 6.88%, 06/15/25		146,250
	100,000	Cosan Luxembourg SA 144A 7.00%, 01/20/27		110,751
EUR	100,000	CPI Property Group SA Reg S 4.38% (EUR Swap Annual 5 Year+4.15%), 08/09/23 (o)		115,477
USD	200,000	CSN Resources SA 144A 7.63%, 02/13/23		207,275
EUR	150,000	Dufry Finance SCA Reg S 4.50%, 08/01/23		171,882
	100,000	eDreams ODIGEO SA Reg S 5.50%, 09/01/23		117,839
		Fiat Chrysler Finance Europe SA Reg S
	100,000	4.75%, 03/22/21		118,964
	150,000	4.75%, 07/15/22		188,099
	200,000	Garfunkelux Holdco 3 SA Reg S 7.50%, 08/01/22		212,258
	100,000	Gestamp Funding Luxembourg SA Reg S 3.50%, 05/15/23		113,232
	100,000	Holcim Finance Luxembourg SA Reg S 3.00% (Euribor ICE Swap Rate 11:00am 5 Year+3.07%), 07/05/24 (o)		116,804
	300,000	INEOS Group Holdings SA Reg S 5.38%, 08/01/24		343,161
	200,000	Intralot Capital Luxembourg SA Reg S 5.25%, 09/15/24		122,347

Principal Amount			Value
Luxembourg: (continued)
EUR	150,000	Lincoln Financing SARL Reg S 3.63%, 04/01/24	$	171,454
	100,000	Matterhorn Telecom SA Reg S 4.00%, 11/15/27		116,792
USD	200,000	MHP Lux SA 144A 6.95%, 04/03/26		206,802
		Millicom International Cellular SA 144A
	200,000	5.13%, 01/15/28		206,750
	100,000	6.25%, 03/25/29		109,373
		Minerva Luxembourg SA 144A
	125,000	5.88%, 01/19/28		127,750
	200,000	6.50%, 09/20/26		210,000
	250,000	Puma International Financing SA 144A 5.00%, 01/24/26		240,603
EUR	100,000	Rossini Sarl Reg S 6.75%, 10/30/25		123,784
USD	200,000	Rumo Luxembourg Sarl 144A 7.38%, 02/09/24		216,260
	250,000	Sberbank of Russia 144A 5.13%, 10/29/22		263,743
EUR	100,000	SCHMOLZ + BICKENBACH Luxembourg Finance SA Reg S 5.63%, 07/15/22		88,694
	100,000	SES SA Reg S 4.63% (EUR Swap Annual 5 Year+4.66%), 01/02/22 (o)		119,029
	200,000	Telecom Italia Finance SA 7.75%, 01/24/33		332,011
USD	200,000	Telenet Finance Luxembourg Notes Sarl 144A 5.50%, 03/01/28		213,700
	11,000	Trafigura Funding SA 144A 5.25%, 03/19/23		10,821
	200,000	Ultrapar International SA 144A 5.25%, 10/06/26		215,002
EUR	100,000	Vivion Investments Sarl Reg S 3.00%, 08/08/24		111,398
USD	200,000	VTB Bank SA 144A 6.95%, 10/17/22		215,931
				8,740,150
Malta: 0.0%
	32,000	Nyrstar Holdings Plc Reg S 0.00%, 07/31/26 ^ #		16,010
Mauritius: 0.6%
	200,000	Greenko Solar Mauritius Ltd. 144A 5.55%, 01/29/25		200,858
	200,000	MTN Mauritius Investments Ltd. 144A 4.76%, 11/11/24		205,150
	200,000	Neerg Energy Ltd. 144A 6.00%, 02/13/22		198,298
				604,306

Principal Amount			Value
Mexico: 1.4%
USD	200,000	BBVA Bancomer SA 144A 5.13% (US Treasury Yield Curve Rate T 5 Year+2.65%), 01/18/33	$	195,610
		Cemex SAB de CV 144A
	200,000	5.70%, 01/11/25		206,300
	150,000	6.13%, 05/05/25		155,813
	100,000	7.75%, 04/16/26		108,126
	200,000	Grupo Bimbo SAB de CV 144A 5.95% (US Treasury Yield Curve Rate T 5 Year+3.28%), 04/17/23 (o)		212,400
	200,000	Grupo KUO SAB De CV 144A 5.75%, 07/07/27		206,500
	200,000	Nemak SAB de CV 144A 4.75%, 01/23/25		207,500
		Unifin Financiera SA de CV 144A
	100,000	7.00%, 01/15/25		100,323
	100,000	7.25%, 09/27/23		103,876
				1,496,448
Netherlands: 12.7%
	200,000	Cimpor Financial Operations BV 144A 5.75%, 07/17/24		148,002
EUR	200,000	Constellium SE Reg S 4.25%, 02/15/26		232,502
	125,000	Ferrovial Netherlands BV Reg S 2.12% (EUR Swap Annual 5 Year+2.13%), 02/04/23 (o)		136,040
USD	200,000	Fiat Chrysler Automobiles NV 5.25%, 04/15/23		214,250
EUR	100,000	Fiat Chrysler Automobiles NV Reg S 3.75%, 03/29/24		126,473
USD	200,000	Greenko Dutch BV 144A 5.25%, 07/24/24		201,850
	200,000	GTH Finance BV 144A 7.25%, 04/26/23		223,903
	200,000	IHS Netherlands Holdco BV 144A 8.00%, 09/18/27		209,500
	114,000	Indo Energy Finance II BV 144A 6.38%, 01/24/23		114,561
EUR	100,000	Intertrust Group BV Reg S 3.38%, 11/15/25		117,110
	200,000	InterXion Holding NV Reg S 4.75%, 06/15/25		243,202
	100,000	IPD 3 BV Reg S 4.50%, 07/15/22		114,204
USD	150,000	Kazakhstan Temir Zholy Finance BV 144A 6.95%, 07/10/42		203,124
	200,000	Marfrig Holding Europe BV 144A 8.00%, 06/08/23		208,502

Principal Amount			Value
Netherlands: (continued)
		Metinvest BV 144A
USD	150,000	7.75%, 04/23/23	$	157,209
	100,000	8.50%, 04/23/26		104,955
	250,000	Mong Duong Finance Holdings BV 144A 5.13%, 05/07/29		255,186
	200,000	MV24 Capital BV 144A 6.75%, 06/01/34		209,600
EUR	200,000	Naturgy Finance BV Reg S 4.13% (EUR Swap Annual 8 Year+3.35%), 11/18/22 (o)		242,030
USD	100,000	Nostrum Oil & Gas Finance BV 144A 8.00%, 07/25/22		54,690
EUR	225,000	OCI NV Reg S 5.00%, 04/15/23		262,468
		Petrobras Global Finance BV
USD	200,000	5.30%, 01/27/25		219,030
	150,000	5.75%, 02/01/29		167,190
	400,000	6.00%, 01/27/28		451,825
	200,000	6.25%, 03/17/24		225,350
	275,000	6.85%, 06/05/15		316,937
	100,000	6.88%, 01/20/40		117,100
	150,000	6.90%, 03/19/49		174,645
	150,000	7.25%, 03/17/44		182,625
	400,000	7.38%, 01/17/27		485,200
	44,000	8.38%, 05/23/21		48,180
	330,000	8.75%, 05/23/26		423,060
	281,000	Petrobras Global Finance BV 144A 5.09%, 01/15/30		298,352
EUR	41,000	Phoenix PIB Dutch Finance BV Reg S 3.63%, 07/30/21		48,319
	100,000	PPF Arena 1 BV Reg S 3.13%, 03/27/26		117,154
	200,000	Repsol International Finance BV Reg S 3.88% (EUR Swap Annual 6 Year+3.56%), 03/25/21 (o)		233,383
	300,000	Saipem Finance International BV Reg S 3.75%, 09/08/23		369,922
	125,000	Samvardhana Motherson Automotive Systems Group BV Reg S 1.80%, 07/06/24		131,438
	125,000	Selecta Group BV Reg S 5.88%, 02/01/24		141,299
	200,000	Sigma Holdco BV Reg S 5.75%, 05/15/26		213,620
USD	150,000	Stars Group Holdings BV / Stars Group US Co-Borrower LLC 144A 7.00%, 07/15/26		162,188

Principal Amount			Value
Netherlands: (continued)
EUR	400,000	Stichting Afwikkeling Onderhandse Schulden SNS REAAL Reg S 11.25% (EUR Swap Annual 5 Year+9.76%), 11/27/19 (d) (o) *	$	3,882
		Telefonica Europe BV Reg S
	200,000	2.63% (EUR Swap Annual 5 Year+2.33%), 03/07/23 (o)		227,464
	200,000	3.00% (EUR Swap Annual 5 Year+2.45%), 09/04/23 (o)		230,311
	200,000	3.75% (EUR Swap Annual 5 Year+3.86%), 03/15/22 (o)		235,790
	100,000	3.88% (EUR Swap Annual 8 Year+2.97%), 06/22/26 (o)		119,063
GBP	100,000	6.75% (GBP Swap 5 Year+4.46%), 11/26/20 (o)		136,125
EUR	175,000	TenneT Holding BV Reg S 3.00% (EUR Swap Annual 5 Year+2.53%), 03/01/24 (o)		208,831
		Teva Pharmaceutical Finance Netherlands II BV Reg S
	250,000	1.13%, 10/15/24		224,529
	100,000	1.25%, 03/31/23		98,286
	100,000	1.63%, 10/15/28		80,957
	100,000	1.88%, 03/31/27		84,734
		Teva Pharmaceutical Finance Netherlands III BV
USD	380,000	2.20%, 07/21/21		361,673
	350,000	2.80%, 07/21/23		303,625
	400,000	3.15%, 10/01/26		302,000
	250,000	4.10%, 10/01/46		172,187
	150,000	6.00%, 04/15/24		140,813
	200,000	6.75%, 03/01/28		180,000
EUR	200,000	Trivium Packaging Finance BV Reg S 3.75%, 08/15/26		232,457
	160,000	United Group BV Reg S 4.38%, 07/01/22		182,312
USD	100,000	UPC Holding BV 144A 5.50%, 01/15/28		102,250
		VEON Holdings BV 144A
	100,000	3.95%, 06/16/21		101,556
	200,000	4.00%, 04/09/25		205,712
	100,000	7.50%, 03/01/22		110,875
	200,000	VTR Finance BV 144A 6.88%, 01/15/24		205,500
EUR	225,000	Ziggo BV Reg S 4.25%, 01/15/27		271,057
USD	350,000	Ziggo Secured Finance BV 144A 5.50%, 01/15/27		369,680
				13,197,847
Norway: 0.2%
	150,000	Aker BP ASA 144A 6.00%, 07/01/22		155,250

Principal Amount			Value
Oman: 0.2%
USD	200,000	Bank Muscat SAOG Reg S 4.88%, 03/14/23	$	203,187
Panama: 0.2%
	200,000	AES Panama SRL 144A 6.00%, 06/25/22		206,652
Peru: 0.2%
	100,000	Orazul Energy Egenor S. en C. por A. 144A 5.63%, 04/28/27		102,813
	100,000	Volcan Cia Minera SAA 144A 5.38%, 02/02/22		104,001
				206,814
Portugal: 0.4%
EUR	100,000	Caixa Geral de Depositos SA Reg S 5.75% (EUR Swap Annual 5 Year+5.50%), 06/28/28		126,384
	200,000	EDP – Energias de Portugal SA Reg S 5.38% (EUR Swap Annual 5 Year+5.04%), 09/16/75		237,726
				364,110
Singapore: 0.9%
USD	250,000	ABJA Investment Co. Pte Ltd. Reg S 5.95%, 07/31/24		262,662
	150,000	Bakrie Telecom Pte Ltd. Reg S 11.50%, 05/07/15 (d) (e) *		1,875
	200,000	Marble II Pte Ltd. 144A 5.30%, 06/20/22		203,099
	200,000	Medco Platinum Road Pte Ltd. 144A 6.75%, 01/30/25		202,179
	200,000	Theta Capital Pte Ltd. Reg S 6.75%, 10/31/26		181,044
EUR	34,000	Trafigura Group Pte Ltd. Reg S 7.50% (EUR Swap Annual 5 Year+10.82%), 07/31/24 (o)		35,985
				886,844
South Africa: 0.6%
		Eskom Holdings SOC Ltd. 144A
USD	200,000	5.75%, 01/26/21		201,751
	100,000	6.75%, 08/06/23		102,978
	100,000	7.13%, 02/11/25		103,097
	100,000	8.45%, 08/10/28		109,818
	130,265	South Africa Ltd. 144A 3.00%, 12/31/22		1,303
	100,000	Transnet SOC Ltd. 144A 4.00%, 07/26/22		101,257
				620,204
South Korea: 0.1%
	100,000	Woori Bank 144A 4.50% (US Treasury Yield Curve Rate T 5 Year+3.31%), 09/27/21 (o)		101,159

Principal Amount			Value
Spain: 1.5%
EUR	100,000	Abanca Corp. Bancaria SA Reg S 6.13% (EUR Swap Annual 5 Year+5.93%), 01/18/29	$	122,594
USD	63,204	Abengoa Abenewco 2 SAU Reg S 1.25%, 03/31/23 #		948
EUR	100,000	Abengoa SA 0.00%, 03/31/27 (d) (s) *		853
USD	200,000	AI Candelaria Spain SLU 144A 7.50%, 12/15/28		226,250
EUR	200,000	Banco de Sabadell SA Reg S 5.63%, 05/06/26		264,991
		Bankia SA Reg S
	100,000	3.38% (EUR Swap Annual 5 Year+3.35%), 03/15/27		117,772
	100,000	3.75% (EUR Swap Annual 5 Year+3.62%), 02/15/29		121,185
	200,000	Cellnex Telecom SAU Reg S 3.13%, 07/27/22		239,962
	100,000	El Corte Ingles SA Reg S 3.00%, 03/15/24		116,219
	175,000	Grifols SA Reg S 3.20%, 05/01/25		200,045
	125,000	Grupo Antolin-Irausa SA Reg S 3.25%, 04/30/24		123,927
		Grupo Isolux Corsan SA
	302	0.25%, 12/30/21 (d) # *		5
	56,417	6.00%, 12/30/21 (d) *		504
	100,000	Obrascon Huarte Lain SA Reg S 5.50%, 03/15/23		75,078
				1,610,333
Sweden: 1.7%
	175,000	Akelius Residential Property AB Reg S 3.88% (Euribor ICE Swap Rate 11:00am 5 Year+3.49%), 10/05/78		209,296
	100,000	Corral Petroleum Holdings AB Reg S 13.25%, 05/15/21		117,422
	100,000	Dometic Group AB Reg S 3.00%, 05/08/26		114,556
USD	200,000	Ericsson LM 4.13%, 05/15/22		207,770
EUR	425,000	Intrum AB Reg S 3.13%, 07/15/24		482,072
USD	100,000	Stena AB 144A 7.00%, 02/01/24		101,750
EUR	100,000	Telefonaktiebolaget LM Ericsson Reg S 1.88%, 03/01/24		118,128
	200,000	Verisure Midholding AB Reg S 5.75%, 12/01/23		230,632
		Volvo Car AB Reg S
	100,000	2.00%, 01/24/25		114,633
	100,000	3.25%, 05/18/21		116,805
				1,813,064

Principal Amount			Value
Turkey: 3.1%
		Akbank TAS 144A
USD	125,000	5.00%, 10/24/22	$	124,220
	150,000	5.13%, 03/31/25		143,797
	100,000	Arcelik AS 144A 5.00%, 04/03/23		101,151
	200,000	Finansbank AS 144A 4.88%, 05/19/22		199,916
	200,000	KOC Holding AS 144A 5.25%, 03/15/23		202,505
	200,000	TC Ziraat Bankasi AS 144A 5.13%, 05/03/22		195,881
	100,000	Turk Telekomunikasyon AS 144A 4.88%, 06/19/24		98,361
	200,000	Turkcell Iletisim Hizmetleri AS 144A 5.80%, 04/11/28		194,740
	300,000	Turkiye Garanti Bankasi AS 144A 5.25%, 09/13/22		301,711
	100,000	Turkiye Halk Bankasi AS 144A 4.75%, 02/11/21		93,010
		Turkiye Is Bankasi AS 144A
	325,000	6.00%, 10/24/22		316,103
	250,000	6.13%, 04/25/24		244,411
	200,000	Turkiye Sinai Kalkinma Bankasi AS Reg S 5.50%, 01/16/23		195,772
	100,000	Turkiye Sise ve Cam Fabrikalari AS 144A 6.95%, 03/14/26		104,375
		Turkiye Vakiflar Bankasi TAO 144A
	125,000	5.50%, 10/27/21		124,356
	100,000	5.75%, 01/30/23		97,110
	100,000	6.00%, 11/01/22		96,855
		Yapi ve Kredi Bankasi AS 144A
	100,000	5.50%, 12/06/22		97,511
	150,000	5.75%, 02/24/22		150,638
	100,000	5.85%, 06/21/24		96,794
	100,000	8.50% (USD Swap Semi 30/360 5 Year+7.40%), 03/09/26		99,713
				3,278,930
United Arab Emirates: 0.4%
	200,000	Emirates NBD PJSC Reg S 6.13% (USD Swap Semi 30/360 6 Year+3.66%), 03/20/25 (o)		208,404
	200,000	Oztel Holdings SPC Ltd. 144A 5.63%, 10/24/23		209,387
				417,791
United Kingdom: 9.3%
		AngloGold Ashanti Holdings Plc
	75,000	5.13%, 08/01/22		79,113
	50,000	6.50%, 04/15/40		56,707
GBP	100,000	Ardonagh Midco 3 Plc Reg S 8.38%, 07/15/23		121,578

Principal Amount			Value
United Kingdom: (continued)
GBP	100,000	Arqiva Broadcast Finance Plc Reg S 6.75%, 09/30/23	$	139,033
USD	100,000	Aston Martin Capital Holdings Ltd. 144A 6.50%, 04/15/22		88,514
	100,000	Barclays Bank Plc 6.28% (ICE LIBOR USD 3 Month+1.55%), 12/15/34 (o)		111,750
GBP	100,000	Boparan Finance Plc Reg S 5.50%, 07/15/21		74,532
	100,000	Centrica Plc Reg S 5.25% (GBP Swap 5 Year+3.61%), 04/10/75		137,588
USD	200,000	Connect Finco SARL / Connect US Finco LLC 144A 6.75%, 10/01/26		207,500
GBP	150,000	Co-operative Group Holdings 2011 Ltd. Reg S 7.50%, 07/08/26 (s)		222,576
USD	150,000	Delphi Technologies Plc 144A 5.00%, 10/01/25		130,500
	100,000	Drax Finco Plc 144A 6.63%, 11/01/25		106,375
	200,000	DTEK Finance Plc 10.75%, 12/31/24		204,300
	200,000	eG Global Finance Plc 144A 6.75%, 02/07/25		200,750
EUR	100,000	eG Global Finance Plc Reg S 4.38%, 02/07/25		108,814
GBP	100,000	EI Group Plc Reg S 6.38%, 02/15/22		131,970
USD	300,000	Evraz Plc 144A 5.38%, 03/20/23		320,940
GBP	150,000	GKN Holdings Plc Reg S 5.38%, 09/19/22		210,130
	150,000	Heathrow Finance Plc Reg S 5.75%, 03/03/25		215,210
USD	200,000	Inmarsat Finance Plc 144A 4.88%, 05/15/22		203,000
EUR	150,000	International Personal Finance Plc Reg S 5.75%, 04/07/21		158,520
GBP	150,000	Jaguar Land Rover Automotive Plc 144A 5.00%, 02/15/22		194,088
EUR	100,000	Jaguar Land Rover Automotive Plc Reg S 2.20%, 01/15/24		101,245
GBP	110,000	Jerrold Finco Plc Reg S 6.25%, 09/15/21		145,208
USD	200,000	KCA Deutag Finance Plc 144A 7.25%, 05/15/21		128,000
GBP	100,000	Ladbrokes Group Finance Plc Reg S 5.13%, 09/16/22		136,879

Principal Amount			Value
United Kingdom: (continued)
EUR	100,000	LHC3 Plc Reg S 9.00% 08/15/24	$	115,389
		Lloyds Banking Group Plc 144A
USD	190,000	6.41% (ICE LIBOR USD 3 Month+1.50%), 10/01/35 (o)		212,562
	150,000	6.66% (ICE LIBOR USD 3 Month+1.27%), 05/21/37 (o)		170,250
	200,000	MARB BondCo Plc 144A 6.88%, 01/19/25		208,840
GBP	100,000	Matalan Finance Plc Reg S 6.75%, 01/31/23		117,744
	100,000	Mclaren Finance Plc Reg S 5.00%, 08/01/22		124,279
EUR	150,000	Merlin Entertainments Plc Reg S 2.75%, 03/15/22		177,468
USD	70,000	Oschadbank 144A 9.38%, 03/10/23 (s)		73,309
EUR	100,000	OTE Plc Reg S 2.38%, 07/18/22		118,272
USD	100,000	Petra Diamonds US Treasury Plc 144A 7.25%, 05/01/22		70,500
EUR	100,000	Playtech Plc Reg S 3.75%, 10/12/23		116,155
USD	200,000	Polyus Finance Plc 144A 5.25%, 02/07/23		212,438
GBP	100,000	Shop Direct Funding Plc Reg S 7.75%, 11/15/22		110,637
USD	100,000	Standard Chartered Plc 144A 7.01% (ICE LIBOR USD 3 Month+1.46%), 07/30/37 (o)		117,316
GBP	100,000	Stonegate Pub Co. Financing Plc Reg S 4.88%, 03/15/22		132,522
	100,000	Stretford 79 Plc Reg S 6.75%, 07/15/24		118,849
EUR	100,000	Titan Global Finance Plc Reg S 3.50%, 06/17/21		117,395
GBP	100,000	Travis Perkins Plc Reg S 4.38%, 09/15/21		134,188
USD	200,000	Tullow Oil Plc 144A 7.00%, 03/01/25		207,250
GBP	100,000	Twinkle Pizza Plc Reg S 6.63%, 08/01/21		112,320
USD	36,000	Ukraine Railways Via Shortline Plc Reg S 9.88%, 09/15/21		37,511
	500,000	Valaris Plc 5.75%, 10/01/44		205,000
	200,000	Vedanta Resources Finance II Plc 144A 9.25%, 04/23/26		201,300
	300,000	Vedanta Resources Plc 144A 6.13%, 08/09/24		279,010

Principal Amount			Value
United Kingdom: (continued)
EUR	100,000	Virgin Media Finance Plc Reg S 4.50%, 01/15/25	$	114,945
USD	100,000	Virgin Media Secured Finance Plc 144A 5.50%, 05/15/29		106,500
		Virgin Media Secured Finance Plc Reg S
GBP	275,000	4.88%, 01/15/27		369,639
	200,000	5.00%, 04/15/27		273,386
EUR	100,000	Viridian Group FinanceCo Plc / Viridian Power & Energy Reg S 4.00%, 09/15/25		114,943
USD	225,000	Vodafone Group Plc 7.00% (USD Swap Semi 30/360 5 Year+4.87%), 04/04/79		260,716
EUR	500,000	Vodafone Group Plc Reg S 3.10% (EUR Swap Annual 5 Year+2.67%), 01/03/79		584,866
	200,000	Walnut Bidco Plc 144A 9.13%, 08/01/24		206,150
GBP	150,000	William Hill Plc Reg S 4.88%, 09/07/23		209,706
				9,666,175
United States: 3.2%
USD	150,000	AerCap Global Aviation Trust 144A 6.50% (ICE LIBOR USD 3 Month+4.30%), 06/15/45		165,187
	100,000	Calfrac Holdings LP 144A 8.50%, 06/15/26		43,405
	250,000	Cemex Finance LLC 144A 6.00%, 04/01/24		256,825
EUR	100,000	CGG Holding US, Inc. Reg S 7.88%, 05/01/23		118,780
USD	150,000	Cott Holdings, Inc. 144A 5.50%, 04/01/25		156,938
		DAE Funding LLC 144A
	200,000	5.00%, 08/01/24		209,260
	200,000	5.25%, 11/15/21		208,750
	150,000	Dresdner Funding Trust I 144A 8.15%, 06/30/31		200,887
		JBS USA LUX SA / JBS USA Finance, Inc. 144A
	100,000	5.75%, 06/15/25		104,250
	100,000	6.75%, 02/15/28		110,376
		JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc. 144A
	350,000	5.50%, 01/15/30		378,000
	150,000	6.50%, 04/15/29		167,254
	100,000	Kronos Acquisition Holdings, Inc. 144A 9.00%, 08/15/23		87,500
		Mercer International, Inc.
	41,000	5.50%, 01/15/26		39,490
	100,000	6.50%, 02/01/24		103,375

Principal Amount			Value
United States: (continued)
USD	160,000	Navios Maritime Holdings, Inc. and Navios Maritime Finance II USA, Inc. 144A 7.38%, 01/15/22	$	93,600
	100,000	RBS Capital Trust II 6.43% (ICE LIBOR USD 3 Month+1.94%), 01/03/34 (o)		137,500
	100,000	Resolute Forest Products, Inc. 5.88%, 05/15/23		99,750
	245,137	Rio Oil Finance Trust 144A 9.25%, 07/06/24		273,941
	100,000	Stillwater Mining Co. 144A 7.13%, 06/27/25		103,525
	220,000	Targa Resources Partners LP / Targa Resources Partners Finance Corp. 144A 6.50%, 07/15/27		235,954
	100,000	Teva Pharmaceutical Finance Co. LLC 6.15%, 02/01/36		82,750
				3,377,297
Total Corporate Bonds (Cost: $103,787,284)				101,493,857
GOVERNMENT OBLIGATIONS: 0.7%
Azerbaijan: 0.2%
	200,000	State Oil Co. of the Azerbaijan Republic Reg S 4.75%, 03/13/23		208,872
Costa Rica: 0.1%
	100,000	Instituto Costarricense de Electricidad Reg S 6.95%, 11/10/21		101,876
Turkey: 0.4%
		Export Credit Bank of Turkey 144A
	100,000	5.00%, 09/23/21		100,496
	100,000	5.38%, 02/08/21		100,843
	200,000	6.13%, 05/03/24		198,184
				399,523
Total Government Obligations (Cost: $678,000)				710,271

Number of Shares			Value
COMMON STOCK: 0.0% (Cost: $5,626)
Canada: 0.0%
	988	Tervita Corp. *	$	5,262
WARRANTS: 0.0% (Cost: $10,977)
Spain: 0.0%
	138	Grupo Isolux Corsan SA (EUR 0.00, expiring 12/30/21) * # ¥		0
Total Investments Before Collateral
for Securities Loaned: 98.0% (Cost: $104,481,887)				102,209,390
SHORT-TERM INVESTMENT HELD AS
COLLATERAL FOR SECURITIES ON LOAN: 0.1% (Cost: $47,952)

Principal Amount
Repurchase Agreements: 0.1%
USD	47,952	Repurchase agreement dated 10/31/19 with BofA Securities, Inc., 1.73%, due 11/1/19, proceeds $47,954; (collateralized by various U.S. government and agency obligations, 1.63% to 2.63%, due 11/30/20 to 8/15/27, valued at $48,911 including accrued interest)		47,952
Total Investments: 98.1% (Cost: $104,529,839)				102,257,342
Other assets less liabilities: 1.9%				2,004,164
NET ASSETS: 100.0%			$	104,261,506

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
FLOATING RATE NOTES: 99.6%
Australia: 4.7%
		Australia & New Zealand Banking Group Ltd. 144A
$	350,000	2.50% (ICE LIBOR USD 3 Month+.32%), 11/09/20	$	350,667
	700,000	2.58% (ICE LIBOR USD 3 Month+.46%), 05/17/21		702,854
	1,450,000	2.83% (ICE LIBOR USD 3 Month+.71%), 05/19/22		1,462,125
		Commonwealth Bank of Australia 144A
	2,125,000	2.82% (ICE LIBOR USD 3 Month+.70%), 03/16/23		2,140,932
	600,000	2.83% (ICE LIBOR USD 3 Month+.70%), 03/10/22		604,992
	600,000	2.94% (ICE LIBOR USD 3 Month+.83%), 09/06/21		607,014
	1,425,000	2.95% (ICE LIBOR USD 3 Month+.82%), 06/04/24		1,437,579
	300,000	Macquarie Bank Ltd. 144A 3.05% (ICE LIBOR USD 3 Month+1.12%), 07/29/20		302,098
	1,550,000	Macquarie Group Ltd. 144A 3.45% (ICE LIBOR USD 3 Month+1.35%), 03/27/24		1,575,257
		National Australia Bank Ltd. 144A
	400,000	2.35% (ICE LIBOR USD 3 Month+.35%), 01/12/21		400,958
	1,400,000	2.60% (ICE LIBOR USD 3 Month+.60%), 04/12/23		1,406,507
	300,000	2.61% (ICE LIBOR USD 3 Month+.71%), 11/04/21		303,194
	900,000	2.66% (ICE LIBOR USD 3 Month+.51%), 05/22/20		902,553
	1,425,000	2.87% (ICE LIBOR USD 3 Month+.72%), 05/22/22		1,437,561
	500,000	2.90% (ICE LIBOR USD 3 Month+.89%), 01/10/22		505,794
	525,000	3.00% (ICE LIBOR USD 3 Month+1.00%), 07/12/21		531,630
		Westpac Banking Corp.
	300,000	2.28% (ICE LIBOR USD 3 Month+.34%), 01/25/21		300,551
	450,000	2.44% (ICE LIBOR USD 3 Month+.28%), 05/15/20		450,653
	1,400,000	2.55% (ICE LIBOR USD 3 Month+.57%), 01/11/23		1,406,175
	1,400,000	2.81% (ICE LIBOR USD 3 Month+.71%), 06/28/22		1,413,581
	500,000	2.83% (ICE LIBOR USD 3 Month+.85%), 01/11/22		505,422
	2,100,000	2.88% (ICE LIBOR USD 3 Month+.72%), 05/15/23		2,118,307
	1,400,000	2.90% (ICE LIBOR USD 3 Month+.77%), 02/26/24		1,412,812
	500,000	2.97% (ICE LIBOR USD 3 Month+.85%), 08/19/21		505,633
				22,784,849

Principal Amount			Value
Canada: 3.3%
		Bank of Montreal
$	750,000	2.34% (ICE LIBOR USD 3 Month+.34%), 07/13/20	$	751,145
	725,000	2.46% (ICE LIBOR USD 3 Month+.46%), 04/13/21		728,299
	625,000	2.56% (ICE LIBOR USD 3 Month+.44%), 06/15/20		626,525
	500,000	2.68% (ICE LIBOR USD 3 Month+.57%), 03/26/22		503,084
	525,000	2.92% (ICE LIBOR USD 3 Month+.79%), 08/27/21		530,873
		Bank of Nova Scotia
	325,000	2.32% (ICE LIBOR USD 3 Month+.29%), 01/08/21		325,676
	725,000	2.41% (ICE LIBOR USD 3 Month+.44%), 04/20/21		727,534
	525,000	2.74% (ICE LIBOR USD 3 Month+.64%), 03/07/22		528,858
		Canadian Imperial Bank of Commerce
	350,000	2.22% (ICE LIBOR USD 3 Month+.32%), 02/02/21		350,748
	300,000	2.35% (ICE LIBOR USD 3 Month+.31%), 10/05/20		300,728
	1,450,000	2.79% (ICE LIBOR USD 3 Month+.66%), 09/13/23		1,456,014
	1,450,000	2.84% (ICE LIBOR USD 3 Month+.72%), 06/16/22		1,464,291
	320,000	Enbridge, Inc. 2.82% (ICE LIBOR USD 3 Month+.70%), 06/15/20		320,531
	435,000	National Bank of Canada 2.69% (ICE LIBOR USD 3 Month+.56%), 06/12/20		436,198
		Royal Bank of Canada
	300,000	2.18% (ICE LIBOR USD 3 Month+.24%), 10/26/20		300,737
	600,000	2.25% (ICE LIBOR USD 3 Month+.30%), 07/22/20		601,462
	1,475,000	2.33% (ICE LIBOR USD 3 Month+.39%), 04/30/21		1,480,656
	1,400,000	2.40% (ICE LIBOR USD 3 Month+.47%), 04/29/22		1,402,514
	500,000	2.64% (ICE LIBOR USD 3 Month+.73%), 02/01/22		504,175
		Toronto-Dominion Bank
	300,000	2.18% (ICE LIBOR USD 3 Month+.24%), 01/25/21		300,337
	600,000	2.40% (ICE LIBOR USD 3 Month+.26%), 09/17/20		601,152
	550,000	2.42% (ICE LIBOR USD 3 Month+.28%), 06/11/20		551,001
	750,000	2.57% (ICE LIBOR USD 3 Month+.43%), 06/11/21		752,847
	500,000	3.04% (ICE LIBOR USD 3 Month+1.00%), 04/07/21		505,839
				16,051,224

Principal Amount			Value
Cayman Islands: 0.7%
		Tencent Holdings Ltd. 144A
$	1,375,000	2.57% (ICE LIBOR USD 3 Month+.60%), 01/19/23	$	1,366,897
	2,100,000	2.89% (ICE LIBOR USD 3 Month+.91%), 04/11/24		2,106,333
				3,473,230
China / Hong Kong: 0.2%
	525,000	AIA Group Ltd. 144A 2.68% (ICE LIBOR USD 3 Month+.52%), 09/20/21		524,920
	300,000	Industrial & Commercial Bank of China Ltd. 2.94% (ICE LIBOR USD 3 Month+.75%), 11/08/20		300,516
				825,436
Finland: 0.1%
	500,000	Nordea Bank Abp 144A 2.59% (ICE LIBOR USD 3 Month+.47%), 05/29/20		501,257
France: 1.5%
	375,000	Banque Federative du Credit Mutuel SA 144A 2.46% (ICE LIBOR USD 3 Month+.49%), 07/20/20		376,036
	1,825,000	BPCE SA 3.00% (ICE LIBOR USD 3 Month+.88%), 05/31/22		1,839,973
		BPCE SA 144A
	1,400,000	3.37% (ICE LIBOR USD 3 Month+1.22%), 05/22/22		1,418,217
	1,450,000	3.37% (ICE LIBOR USD 3 Month+1.24%), 09/12/23		1,466,553
		Credit Agricole SA 144A
	1,400,000	2.96% (ICE LIBOR USD 3 Month+1.02%), 04/24/23		1,408,660
	300,000	3.10% (ICE LIBOR USD 3 Month+.97%), 06/10/20		301,770
	450,000	Societe Generale SA 144A 3.36% (ICE LIBOR USD 3 Month+1.33%), 04/08/21		456,564
				7,267,773
Germany: 0.5%
		Deutsche Bank AG
	350,000	2.77% (ICE LIBOR USD 3 Month+.81%), 01/22/21		348,309
	450,000	2.97% (ICE LIBOR USD 3 Month+.97%), 07/13/20		449,651
	300,000	3.19% (ICE LIBOR USD 3 Month+1.29%), 02/04/21		299,126
	1,350,000	3.36% (ICE LIBOR USD 3 Month+1.19%), 11/16/22		1,317,622
				2,414,708
Italy: 0.2%
	875,000	UniCredit SpA 144A 5.90% (ICE LIBOR USD 3 Month+3.90%), 01/14/22		919,532

Principal Amount			Value
Japan: 7.4%
		Mitsubishi UFJ Financial Group, Inc.
$	750,000	2.59% (ICE LIBOR USD 3 Month+.65%), 07/26/21	$	753,227
	2,800,000	2.73% (ICE LIBOR USD 3 Month+.79%), 07/25/22		2,813,543
	4,600,000	2.80% (ICE LIBOR USD 3 Month+.86%), 07/26/23		4,627,127
	500,000	2.80% (ICE LIBOR USD 3 Month+.70%), 03/07/22		501,790
	2,100,000	2.88% (ICE LIBOR USD 3 Month+.74%), 03/02/23		2,103,664
	500,000	3.07% (ICE LIBOR USD 3 Month+.92%), 02/22/22		504,431
	1,000,000	3.19% (ICE LIBOR USD 3 Month+1.06%), 09/13/21		1,011,880
	450,000	4.02% (ICE LIBOR USD 3 Month+1.88%), 03/01/21		459,273
		Mizuho Financial Group, Inc.
	1,400,000	2.84% (ICE LIBOR USD 3 Month+.84%), 07/16/23		1,404,508
	2,400,000	2.92% (ICE LIBOR USD 3 Month+.79%), 03/05/23		2,404,614
	1,400,000	2.98% (ICE LIBOR USD 3 Month+.85%), 09/13/23		1,405,727
	3,250,000	3.02% (ICE LIBOR USD 3 Month+.88%), 09/11/22		3,277,121
	1,225,000	3.08% (ICE LIBOR USD 3 Month+.94%), 02/28/22		1,235,816
	1,850,000	3.14% (ICE LIBOR USD 3 Month+1.00%), 09/11/24		1,868,142
	975,000	3.27% (ICE LIBOR USD 3 Month+1.14%), 09/13/21		987,511
	500,000	Mizuho Financial Group, Inc. 144A 3.48% (ICE LIBOR USD 3 Month+1.48%), 04/12/21		508,122
	600,000	Sumitomo Mitsui Banking Corp. 2.37% (ICE LIBOR USD 3 Month+.37%), 10/16/20		601,501
		Sumitomo Mitsui Financial Group, Inc.
	1,400,000	2.74% (ICE LIBOR USD 3 Month+.74%), 01/17/23		1,402,868
	1,400,000	2.74% (ICE LIBOR USD 3 Month+.74%), 10/18/22		1,405,835
	1,400,000	2.78% (ICE LIBOR USD 3 Month+.78%), 07/12/22		1,406,508
	2,375,000	2.80% (ICE LIBOR USD 3 Month+.80%), 10/16/23		2,383,775
	1,400,000	2.83% (ICE LIBOR USD 3 Month+.86%), 07/19/23		1,409,132
	500,000	3.11% (ICE LIBOR USD 3 Month+1.14%), 10/19/21		506,386
	500,000	3.11% (ICE LIBOR USD 3 Month+1.11%), 07/14/21		505,866
				35,488,367
Luxembourg: 0.1%
	325,000	Allergan Funding SCS 3.39% (ICE LIBOR USD 3 Month+1.25%), 03/12/20		326,073

Principal Amount			Value
Netherlands: 2.5%
		ABN AMRO Bank NV 144A
$	500,000	2.38% (ICE LIBOR USD 3 Month+.41%), 01/19/21	$	500,755
	950,000	2.70% (ICE LIBOR USD 3 Month+.57%), 08/27/21		954,120
	1,100,000	BNG Bank NV 144A 2.10% (ICE LIBOR USD 3 Month+.10%), 07/14/20		1,100,821
		Cooperatieve Rabobank UA
	750,000	2.37% (ICE LIBOR USD 3 Month+.43%), 04/26/21		752,696
	500,000	2.84% (ICE LIBOR USD 3 Month+.83%), 01/10/22		505,028
		ING Groep NV
	1,450,000	3.09% (ICE LIBOR USD 3 Month+1.00%), 10/02/23		1,463,148
	2,875,000	3.25% (ICE LIBOR USD 3 Month+1.15%), 03/29/22		2,913,871
	840,000	Nederlandse Waterschapsbank NV 144A 2.19% (ICE LIBOR USD 3 Month+.01%), 11/10/20		839,714
		Shell International Finance BV
	1,450,000	2.58% (ICE LIBOR USD 3 Month+.40%), 11/13/23		1,451,688
	500,000	2.63% (ICE LIBOR USD 3 Month+.45%), 05/11/20		501,171
	950,000	Siemens Financieringsmaatschappij NV 144A 2.73% (ICE LIBOR USD 3 Month+.61%), 03/16/22		955,762
				11,938,774
New Zealand: 0.3%
	1,470,000	ASB Bank Ltd. 144A 3.09% (ICE LIBOR USD 3 Month+.97%), 06/14/23		1,486,326
Norway: 0.1%
	300,000	DNB Bank ASA 144A 2.46% (ICE LIBOR USD 3 Month+.37%), 10/02/20		300,677
Singapore: 0.8%
	1,550,000	BOC Aviation Ltd. 144A 3.24% (ICE LIBOR USD 3 Month+1.12%), 09/26/23		1,561,000
		DBS Group Holdings Ltd. 144A
	900,000	2.56% (ICE LIBOR USD 3 Month+.62%), 07/25/22		904,706
	950,000	2.59% (ICE LIBOR USD 3 Month+.49%), 06/08/20		951,132
	550,000	United Overseas Bank Ltd. 144A 2.41% (ICE LIBOR USD 3 Month+.48%), 04/23/21		551,165
				3,968,003
South Korea: 0.1%
	400,000	KEB Hana Bank 144A 2.77% (ICE LIBOR USD 3 Month+.72%), 04/05/20		400,640

Principal Amount			Value
Spain: 0.9%
		Banco Santander SA
$	1,400,000	3.12% (ICE LIBOR USD 3 Month+1.12%), 04/12/23	$	1,404,944
	1,400,000	3.24% (ICE LIBOR USD 3 Month+1.09%), 02/23/23		1,408,364
	1,350,000	3.54% (ICE LIBOR USD 3 Month+1.56%), 04/11/22		1,373,445
				4,186,753
Sweden: 0.7%
	1,100,000	Skandinaviska Enskilda Banken AB 144A 2.55% (ICE LIBOR USD 3 Month+.43%), 05/17/21		1,103,531
		Svenska Handelsbanken AB
	350,000	2.46% (ICE LIBOR USD 3 Month+.36%), 09/08/20		350,833
	1,225,000	2.60% (ICE LIBOR USD 3 Month+.47%), 05/24/21		1,230,683
	725,000	Swedbank AB 144A 2.82% (ICE LIBOR USD 3 Month+.70%), 03/14/22		726,206
				3,411,253
Switzerland: 2.8%
		Credit Suisse Group AG 144A
	1,400,000	3.32% (ICE LIBOR USD 3 Month+1.20%), 12/14/23		1,411,845
	2,100,000	3.37% (ICE LIBOR USD 3 Month+1.24%), 06/12/24		2,123,011
		UBS AG 144A
	600,000	2.62% (ICE LIBOR USD 3 Month+.48%), 12/01/20		601,809
	1,175,000	2.68% (ICE LIBOR USD 3 Month+.58%), 06/08/20		1,178,198
		UBS Group AG 144A
	3,500,000	3.11% (ICE LIBOR USD 3 Month+.95%), 08/15/23		3,521,360
	2,800,000	3.37% (ICE LIBOR USD 3 Month+1.22%), 05/23/23		2,838,391
	950,000	3.77% (ICE LIBOR USD 3 Month+1.78%), 04/14/21		968,785
	515,000	UBS Group Funding Jersey Ltd. 144A 3.44% (ICE LIBOR USD 3 Month+1.53%), 02/01/22		527,147
				13,170,546
United Kingdom: 8.1%
		Barclays Plc
	575,000	2.44% (ICE LIBOR USD 3 Month+.46%), 01/11/21		574,870
	2,100,000	3.59% (ICE LIBOR USD 3 Month+1.43%), 02/15/23		2,116,723
	2,100,000	3.63% (ICE LIBOR USD 3 Month+1.62%), 01/10/23		2,120,193
	950,000	4.29% (ICE LIBOR USD 3 Month+2.11%), 08/10/21		970,588
	600,000	BP Capital Markets Plc 2.38% (ICE LIBOR USD 3 Month+.25%), 11/24/20		601,199

Principal Amount			Value
United Kingdom: (continued)
$	925,000	Credit Suisse Group Funding Guernsey Ltd. 4.29% (ICE LIBOR USD 3 Month+2.29%), 04/16/21	$	949,721
	400,000	Diageo Capital Plc 2.36% (ICE LIBOR USD 3 Month+.24%), 05/18/20		400,333
	850,000	GlaxoSmithKline Capital Plc 2.53% (ICE LIBOR USD 3 Month+.35%), 05/14/21		852,161
		HSBC Holdings Plc
	1,900,000	2.72% (ICE LIBOR USD 3 Month+.60%), 05/18/21		1,902,069
	1,925,000	2.78% (ICE LIBOR USD 3 Month+.65%), 09/11/21		1,929,550
	5,575,000	3.12% (ICE LIBOR USD 3 Month+1.00%), 05/18/24		5,616,927
	1,200,000	3.54% (ICE LIBOR USD 3 Month+1.50%), 01/05/22		1,225,190
	950,000	3.79% (ICE LIBOR USD 3 Month+1.66%), 05/25/21		967,762
	600,000	4.34% (ICE LIBOR USD 3 Month+2.24%), 03/08/21		614,409
	1,050,000	Lloyds Bank Plc 2.70% (ICE LIBOR USD 3 Month+.49%), 05/07/21		1,051,498
	350,000	Lloyds Banking Group Plc 2.96% (ICE LIBOR USD 3 Month+.80%), 06/21/21		351,924
	2,200,000	Reckitt Benckiser Treasury Services Plc 144A 2.69% (ICE LIBOR USD 3 Month+.56%), 06/24/22		2,205,533
	4,350,000	Royal Bank of Scotland Group Plc 3.63% (ICE LIBOR USD 3 Month+1.47%), 05/15/23		4,386,868
		Santander UK Plc
	750,000	2.76% (ICE LIBOR USD 3 Month+.62%), 06/01/21		752,528
	550,000	2.82% (ICE LIBOR USD 3 Month+.66%), 11/15/21		551,132
		Standard Chartered Plc 144A
	1,685,000	3.12% (ICE LIBOR USD 3 Month+1.15%), 01/20/23		1,695,993
	4,200,000	3.33% (ICE LIBOR USD 3 Month+1.20%), 09/10/22		4,229,526
	2,944,000	Vodafone Group Plc 2.99% (ICE LIBOR USD 3 Month+.99%), 01/16/24		2,976,286
				39,042,983
United States: 64.6%
		American Express Co.
	300,000	2.27% (ICE LIBOR USD 3 Month+.33%), 10/30/20		300,549
	800,000	2.65% (ICE LIBOR USD 3 Month+.53%), 05/17/21		803,041
	1,400,000	2.65% (ICE LIBOR USD 3 Month+.75%), 08/03/23		1,411,213

Principal Amount			Value
United States: (continued)
$	2,525,000	2.76% (ICE LIBOR USD 3 Month+.62%), 05/20/22	$	2,537,668
	950,000	2.89% (ICE LIBOR USD 3 Month+.60%), 11/05/21		955,294
	300,000	American Express Credit Corp. 3.17% (ICE LIBOR USD 3 Month+1.05%), 09/14/20		302,305
		American Honda Finance Corp.
	450,000	2.38% (ICE LIBOR USD 3 Month+.26%), 06/16/20		450,667
	1,000,000	2.49% (ICE LIBOR USD 3 Month+.35%), 06/11/21		1,002,620
	1,400,000	2.64% (ICE LIBOR USD 3 Month+.54%), 06/27/22		1,406,152
		Apple, Inc.
	300,000	2.25% (ICE LIBOR USD 3 Month+.07%), 05/11/20		300,114
	300,000	2.48% (ICE LIBOR USD 3 Month+.30%), 05/06/20		300,452
	2,100,000	2.53% (ICE LIBOR USD 3 Month+.35%), 05/11/22		2,111,458
	950,000	2.68% (ICE LIBOR USD 3 Month+.50%), 02/09/22		957,517
	300,000	3.28% (ICE LIBOR USD 3 Month+1.13%), 02/23/21		304,050
		AT&T, Inc.
	1,450,000	2.89% (ICE LIBOR USD 3 Month+.75%), 06/01/21		1,456,802
	1,425,000	2.95% (ICE LIBOR USD 3 Month+.95%), 07/15/21		1,439,940
	425,000	3.03% (ICE LIBOR USD 3 Month+.93%), 06/30/20		427,237
	9,400,000	3.31% (ICE LIBOR USD 3 Month+1.18%), 06/12/24		9,569,702
	1,700,000	Athene Global Funding 144A 3.32% (ICE LIBOR USD 3 Month+1.23%), 07/01/22		1,722,027
	180,000	Aviation Capital Group LLC 144A 3.08% (ICE LIBOR USD 3 Month+.95%), 06/01/21		180,422
		Bank of America Corp.
	500,000	2.31% (ICE LIBOR USD 3 Month+.38%), 01/23/22		500,207
	1,050,000	2.63% (ICE LIBOR USD 3 Month+.66%), 07/21/21		1,053,294
	775,000	2.75% (ICE LIBOR USD 3 Month+.65%), 10/01/21		777,836
	2,475,000	2.76% (ICE LIBOR USD 3 Month+.65%), 06/25/22		2,487,577
	1,400,000	2.89% (ICE LIBOR USD 3 Month+.96%), 07/23/24		1,414,112
	4,175,000	2.92% (ICE LIBOR USD 3 Month+.79%), 03/05/24		4,204,104
	4,200,000	2.94% (ICE LIBOR USD 3 Month+1.00%), 04/24/23		4,245,190
	4,225,000	3.06% (ICE LIBOR USD 3 Month+.77%), 02/05/26		4,208,981

Principal Amount			Value
United States: (continued)
$	2,100,000	3.13% (ICE LIBOR USD 3 Month+1.16%), 01/20/23	$	2,130,106
	1,400,000	3.15% (ICE LIBOR USD 3 Month+1.18%), 10/21/22		1,420,274
	500,000	3.39% (ICE LIBOR USD 3 Month+1.42%), 04/19/21		508,794
		Bank of America NA
	1,100,000	2.26% (ICE LIBOR USD 3 Month+.32%), 07/26/21		1,100,834
	1,750,000	2.48% (ICE LIBOR USD 3 Month+.35%), 05/24/21		1,751,812
		Bank of New York Mellon
	1,250,000	2.41% (ICE LIBOR USD 3 Month+.28%), 06/04/21		1,251,771
	650,000	2.43% (ICE LIBOR USD 3 Month+.30%), 12/04/20		650,267
		BAT Capital Corp.
	600,000	2.77% (ICE LIBOR USD 3 Month+.59%), 08/14/20		601,288
	2,075,000	3.04% (ICE LIBOR USD 3 Month+.88%), 08/15/22		2,086,005
		Bayer US Finance II LLC 144A
	1,225,000	2.74% (ICE LIBOR USD 3 Month+.63%), 06/25/21		1,228,575
	3,600,000	3.13% (ICE LIBOR USD 3 Month+1.01%), 12/15/23		3,622,201
	615,000	BB&T Corp. 2.69% (ICE LIBOR USD 3 Month+.57%), 06/15/20		616,981
		BMW US Capital LLC 144A
	800,000	2.41% (ICE LIBOR USD 3 Month+.41%), 04/12/21		801,461
	350,000	2.42% (ICE LIBOR USD 3 Month+.38%), 04/06/20		350,450
	500,000	2.55% (ICE LIBOR USD 3 Month+.37%), 08/14/20		500,892
	775,000	2.68% (ICE LIBOR USD 3 Month+.50%), 08/13/21		776,681
		Bristol-Myers Squibb Co. 144A
	500,000	2.37% (ICE LIBOR USD 3 Month+.20%), 11/16/20		500,348
	1,450,000	2.55% (ICE LIBOR USD 3 Month+.38%), 05/16/22		1,451,948
	315,000	Capital One Financial Corp. 2.94% (ICE LIBOR USD 3 Month+.76%), 05/12/20		315,773
	1,450,000	Capital One NA 3.09% (ICE LIBOR USD 3 Month+1.15%), 01/30/23		1,462,987
		Caterpillar Financial Services Corp.
	400,000	2.34% (ICE LIBOR USD 3 Month+.18%), 05/15/20		400,335
	1,200,000	2.35% (ICE LIBOR USD 3 Month+.23%), 03/15/21		1,201,335
	500,000	2.38% (ICE LIBOR USD 3 Month+.25%), 08/26/20		500,808
	800,000	2.51% (ICE LIBOR USD 3 Month+.39%), 05/17/21		802,034

Principal Amount			Value
United States: (continued)
		Cigna Corp.
$	975,000	2.79% (ICE LIBOR USD 3 Month+.65%), 09/17/21	$	975,160
	2,050,000	2.89% (ICE LIBOR USD 3 Month+.89%), 07/15/23		2,058,595
		Citibank NA
	875,000	2.23% (ICE LIBOR USD 3 Month+.32%), 05/01/20		876,144
	400,000	2.27% (ICE LIBOR USD 3 Month+.30%), 10/20/20		400,542
	750,000	2.50% (ICE LIBOR USD 3 Month+.57%), 07/23/21		753,132
	775,000	2.53% (ICE LIBOR USD 3 Month+.35%), 02/12/21		776,342
	300,000	2.63% (ICE LIBOR USD 3 Month+.50%), 06/12/20		300,895
	500,000	2.65% (ICE LIBOR USD 3 Month+.53%), 02/19/22		500,983
	4,200,000	2.74% (ICE LIBOR USD 3 Month+.60%), 05/20/22		4,213,120
		Citigroup, Inc.
	1,500,000	2.68% (ICE LIBOR USD 3 Month+.55%), 08/25/36		1,189,966
	2,100,000	2.89% (ICE LIBOR USD 3 Month+.95%), 07/24/23		2,113,604
	3,475,000	2.90% (ICE LIBOR USD 3 Month+.96%), 04/25/22		3,519,098
	742,000	3.09% (ICE LIBOR USD 3 Month+1.19%), 08/02/21		752,934
	2,800,000	3.16% (ICE LIBOR USD 3 Month+1.02%), 06/01/24		2,833,154
	725,000	3.17% (ICE LIBOR USD 3 Month+1.07%), 12/08/21		735,488
	4,200,000	3.22% (ICE LIBOR USD 3 Month+1.10%), 05/17/24		4,254,056
	1,825,000	3.35% (ICE LIBOR USD 3 Month+1.25%), 07/01/26		1,855,135
	1,000,000	3.48% (ICE LIBOR USD 3 Month+1.38%), 03/30/21		1,015,352
	5,600,000	3.57% (ICE LIBOR USD 3 Month+1.43%), 09/01/23		5,718,560
		Comcast Corp.
	650,000	2.43% (ICE LIBOR USD 3 Month+.33%), 10/01/20		651,735
	950,000	2.54% (ICE LIBOR USD 3 Month+.44%), 10/01/21		955,340
	1,400,000	2.63% (ICE LIBOR USD 3 Month+.63%), 04/15/24		1,413,150
		Conagra Brands, Inc.
	350,000	2.51% (ICE LIBOR USD 3 Month+.50%), 10/09/20		350,568
	350,000	2.70% (ICE LIBOR USD 3 Month+.75%), 10/22/20		350,032
	1,550,000	ConocoPhillips Co. 3.06% (ICE LIBOR USD 3 Month+.90%), 05/15/22		1,572,558
	700,000	Consolidated Edison Co. of New York, Inc. 2.51% (ICE LIBOR USD 3 Month+.40%), 06/25/21		702,826

Principal Amount			Value
United States: (continued)
$	750,000	Constellation Brands, Inc. 2.86% (ICE LIBOR USD 3 Month+.70%), 11/15/21	$	750,059
	715,000	CVS Health Corp. 2.82% (ICE LIBOR USD 3 Month+.72%), 03/09/21		719,137
		Daimler Finance North America LLC 144A
	725,000	2.45% (ICE LIBOR USD 3 Month+.55%), 05/04/21		725,392
	725,000	2.60% (ICE LIBOR USD 3 Month+.45%), 02/22/21		725,339
	305,000	2.82% (ICE LIBOR USD 3 Month+.53%), 05/05/20		305,347
	525,000	2.96% (ICE LIBOR USD 3 Month+.67%), 11/05/21		526,000
	750,000	3.03% (ICE LIBOR USD 3 Month+.88%), 02/22/22		754,313
	1,500,000	3.06% (ICE LIBOR USD 3 Month+.90%), 02/15/22		1,510,114
	451,000	Dollar Tree, Inc. 2.70% (ICE LIBOR USD 3 Month+.70%), 04/17/20		451,070
	550,000	Dominion Energy Gas Holdings LLC 2.72% (ICE LIBOR USD 3 Month+.60%), 06/15/21		552,821
	400,000	DowDuPont, Inc. 2.87% (ICE LIBOR USD 3 Month+.71%), 11/15/20		401,933
	550,000	Duke Energy Corp. 144A 2.68% (ICE LIBOR USD 3 Month+.50%), 05/14/21		552,061
	450,000	DXC Technology Co. 3.08% (ICE LIBOR USD 3 Month+.95%), 03/01/21		450,006
	350,000	EQT Corp. 2.87% (ICE LIBOR USD 3 Month+.77%), 10/01/20		349,377
	525,000	Exxon Mobil Corp. 2.48% (ICE LIBOR USD 3 Month+.37%), 03/06/22		528,337
	2,800,000	Florida Power & Light Co. 2.64% (ICE LIBOR USD 3 Month+.40%), 05/06/22		2,800,168
		General Dynamics Corp.
	325,000	2.47% (ICE LIBOR USD 3 Month+.29%), 05/11/20		325,509
	525,000	2.56% (ICE LIBOR USD 3 Month+.38%), 05/11/21		527,633
		General Electric Capital Corp.
	2,432,000	2.67% (ICE LIBOR USD 3 Month+.38%), 05/05/26		2,241,950
	1,750,000	3.12% (ICE LIBOR USD 3 Month+1.00%), 03/15/23		1,740,446
	931,000	General Mills, Inc. 2.54% (ICE LIBOR USD 3 Month+.54%), 04/16/21		933,776

Principal Amount			Value
United States: (continued)
$	325,000	General Motors Co. 3.01% (ICE LIBOR USD 3 Month+.80%), 08/07/20	$	325,524
		General Motors Financial Co., Inc.
	525,000	2.86% (ICE LIBOR USD 3 Month+.85%), 04/09/21		525,511
	750,000	2.92% (ICE LIBOR USD 3 Month+.93%), 04/13/20		751,731
	1,425,000	3.41% (ICE LIBOR USD 3 Month+1.31%), 06/30/22		1,431,121
	500,000	3.54% (ICE LIBOR USD 3 Month+1.55%), 01/14/22		504,864
	973,000	Goldman Sachs Bank USA/ New York NY 2.60% (United States SOFR Secured Overnight Financing Rate+.60%), 05/24/21		974,024
		Goldman Sachs Group, Inc.
	3,500,000	2.71% (ICE LIBOR USD 3 Month+.78%), 10/31/22		3,517,722
	500,000	2.83% (ICE LIBOR USD 3 Month+.73%), 12/27/20		500,482
	7,300,000	2.90% (ICE LIBOR USD 3 Month+.75%), 02/23/23		7,322,776
	2,100,000	2.94% (ICE LIBOR USD 3 Month+1.00%), 07/24/23		2,115,178
	4,875,000	3.05% (ICE LIBOR USD 3 Month+1.11%), 04/26/22		4,926,323
	750,000	3.09% (ICE LIBOR USD 3 Month+1.16%), 04/23/20		753,031
	2,125,000	3.18% (ICE LIBOR USD 3 Month+1.05%), 06/05/23		2,144,819
	950,000	3.30% (ICE LIBOR USD 3 Month+1.36%), 04/23/21		964,139
	600,000	3.32% (ICE LIBOR USD 3 Month+1.20%), 09/15/20		604,999
	1,200,000	3.33% (ICE LIBOR USD 3 Month+1.17%), 11/15/21		1,210,031
	4,175,000	3.33% (ICE LIBOR USD 3 Month+1.17%), 05/15/26		4,228,228
	2,775,000	3.69% (ICE LIBOR USD 3 Month+1.75%), 10/28/27		2,917,561
	5,050,000	3.72% (ICE LIBOR USD 3 Month+1.60%), 11/29/23		5,218,518
	400,000	3.90% (ICE LIBOR USD 3 Month+1.77%), 02/25/21		407,693
	1,500,000	Hartford Financial Services Group, Inc. 144A 4.28% (ICE LIBOR USD 3 Month+2.12%), 02/12/47		1,325,220
	850,000	Hewlett Packard Enterprise Co. 2.76% (ICE LIBOR USD 3 Month+.72%), 10/05/21		850,010
	390,000	Home Depot, Inc. 2.28% (ICE LIBOR USD 3 Month+.15%), 06/05/20		390,308
	1,800,000	Honeywell International, Inc. 2.56% (ICE LIBOR USD 3 Month+.37%), 08/08/22		1,808,624

Principal Amount			Value
United States: (continued)
$	650,000	Hyundai Capital America 144A 2.97% (ICE LIBOR USD 3 Month+.94%), 07/08/21	$	651,341
		IBM Credit LLC
	350,000	2.23% (ICE LIBOR USD 3 Month+.26%), 01/20/21		350,744
	450,000	2.59% (ICE LIBOR USD 3 Month+.47%), 11/30/20		452,014
		Intel Corp.
	350,000	2.26% (ICE LIBOR USD 3 Month+.08%), 05/11/20		350,129
	2,275,000	2.53% (ICE LIBOR USD 3 Month+.35%), 05/11/22		2,284,581
		International Business Machines Corp.
	1,450,000	2.58% (ICE LIBOR USD 3 Month+.40%), 05/13/21		1,457,063
	1,050,000	2.82% (ICE LIBOR USD 3 Month+.58%), 11/06/21		1,057,474
		Jackson National Life Global Funding 144A
	350,000	2.30% (ICE LIBOR USD 3 Month+.30%), 10/15/20		350,573
	550,000	2.62% (ICE LIBOR USD 3 Month+.48%), 06/11/21		552,235
		John Deere Capital Corp.
	342,000	2.37% (ICE LIBOR USD 3 Month+.24%), 03/12/21		342,401
	350,000	2.43% (ICE LIBOR USD 3 Month+.42%), 07/10/20		350,881
		JPMorgan Chase & Co.
	1,075,000	2.65% (ICE LIBOR USD 3 Month+.55%), 03/09/21		1,076,716
	1,425,000	2.66% (ICE LIBOR USD 3 Month+.73%), 04/23/24		1,427,688
	3,100,000	2.76% (ICE LIBOR USD 3 Month+.61%), 06/18/22		3,111,292
	1,000,000	2.82% (ICE LIBOR USD 3 Month+.68%), 06/01/21		1,002,963
	2,800,000	2.82% (ICE LIBOR USD 3 Month+.89%), 07/23/24		2,819,353
	3,475,000	2.84% (ICE LIBOR USD 3 Month+.90%), 04/25/23		3,500,395
	1,400,000	2.86% (ICE LIBOR USD 3 Month+.85%), 01/10/25		1,400,771
	1,400,000	3.00% (ICE LIBOR USD 3 Month+1.00%), 01/15/23		1,414,209
	300,000	3.13% (ICE LIBOR USD 3 Month+1.21%), 10/29/20		302,628
	1,700,000	3.16% (ICE LIBOR USD 3 Month+1.00%), 05/15/47		1,409,334
	5,550,000	3.17% (ICE LIBOR USD 3 Month+1.23%), 10/24/23		5,650,478
	750,000	3.20% (ICE LIBOR USD 3 Month+1.10%), 06/07/21		759,395
	450,000	3.62% (ICE LIBOR USD 3 Month+1.48%), 03/01/21		457,146
		JPMorgan Chase Bank NA
	625,000	2.20% (ICE LIBOR USD 3 Month+.29%), 02/01/21		625,178

Principal Amount			Value
United States: (continued)
$	1,225,000	2.28% (ICE LIBOR USD 3 Month+.34%), 04/26/21	$	1,225,877
	925,000	2.49% (ICE LIBOR USD 3 Month+.37%), 02/19/21		925,801
		Kraft Heinz Foods Co.
	400,000	2.75% (ICE LIBOR USD 3 Month+.57%), 02/10/21		399,718
	1,425,000	3.00% (ICE LIBOR USD 3 Month+.82%), 08/10/22		1,427,021
	350,000	Marriott International, Inc. 2.74% (ICE LIBOR USD 3 Month+.60%), 12/01/20		350,984
	650,000	McDonald’s Corp. 2.37% (ICE LIBOR USD 3 Month+.43%), 10/28/21		650,125
		Metropolitan Life Global Funding I 144A
	720,000	2.26% (ICE LIBOR USD 3 Month+.23%), 01/08/21		720,984
	600,000	2.39% (United States SOFR Secured Overnight Financing Rate+.57%), 09/07/20		601,562
		Morgan Stanley
	1,200,000	2.73% (ICE LIBOR USD 3 Month+.55%), 02/10/21		1,201,260
	5,575,000	2.88% (ICE LIBOR USD 3 Month+.93%), 07/22/22		5,626,651
	2,850,000	3.15% (ICE LIBOR USD 3 Month+1.18%), 01/20/22		2,879,985
	6,950,000	3.34% (ICE LIBOR USD 3 Month+1.40%), 10/24/23		7,096,049
	950,000	3.37% (ICE LIBOR USD 3 Month+1.40%), 04/21/21		965,519
	4,875,000	3.41% (ICE LIBOR USD 3 Month+1.22%), 05/08/24		4,952,807
		MPLX LP
	1,000,000	3.00% (ICE LIBOR USD 3 Month+.90%), 09/09/21		1,003,956
	950,000	3.20% (ICE LIBOR USD 3 Month+1.10%), 09/09/22		953,578
	1,425,000	NBCUniversal Enterprise, Inc. 144A 2.50% (ICE LIBOR USD 3 Month+.40%), 04/01/21		1,430,174
	507,000	New York Life Global Funding 144A 2.26% (ICE LIBOR USD 3 Month+.16%), 10/01/20		507,677
	450,000	NextEra Energy Capital Holdings, Inc. 2.54% (ICE LIBOR USD 3 Month+.40%), 08/21/20		450,053
	600,000	Nissan Motor Acceptance Corp. 144A 2.89% (ICE LIBOR USD 3 Month+.89%), 01/13/22		602,803
		Occidental Petroleum Corp.
	350,000	3.14% (ICE LIBOR USD 3 Month+.95%), 02/08/21		352,505
	500,000	3.44% (ICE LIBOR USD 3 Month+1.25%), 08/13/21		503,223
	3,500,000	3.64% (ICE LIBOR USD 3 Month+1.45%), 08/15/22		3,522,056

Principal Amount			Value
United States: (continued)
$	300,000	Phillips 66 2.73% (ICE LIBOR USD 3 Month+.60%), 02/26/21	$	300,043
		PNC Bank NA
	2,525,000	2.40% (ICE LIBOR USD 3 Month+.45%), 07/22/22		2,529,082
	1,400,000	2.44% (ICE LIBOR USD 3 Month+.50%), 07/27/22		1,405,254
	800,000	2.44% (ICE LIBOR USD 3 Month+.31%), 06/10/21		801,156
	650,000	2.48% (ICE LIBOR USD 3 Month+.35%), 03/12/21		650,882
	300,000	2.48% (ICE LIBOR USD 3 Month+.36%), 05/19/20		300,560
	1,550,000	QUALCOMM, Inc. 2.67% (ICE LIBOR USD 3 Month+.73%), 01/30/23		1,563,792
	625,000	Regions Bank 2.68% (ICE LIBOR USD 3 Month+.50%), 08/13/21		625,633
		Sempra Energy
	450,000	2.50% (ICE LIBOR USD 3 Month+.50%), 01/15/21		449,790
	581,000	2.57% (ICE LIBOR USD 3 Month+.45%), 03/15/21		579,512
	350,000	Southern Power Co. 144A 2.71% (ICE LIBOR USD 3 Month+.55%), 12/20/20		350,068
	386,000	State Street Corp. 3.02% (ICE LIBOR USD 3 Month+.90%), 08/18/20		388,535
	1,965,000	SunTrust Bank 2.71% (ICE LIBOR USD 3 Month+.59%), 05/17/22		1,972,911
	700,000	TD Ameritrade Holding Corp. 2.34% (ICE LIBOR USD 3 Month+.43%), 11/01/21		701,208
	715,000	The Charles Schwab Corp. 2.47% (ICE LIBOR USD 3 Month+.32%), 05/21/21		715,989
		Toyota Motor Credit Corp.
	751,000	2.16% (ICE LIBOR USD 3 Month+.15%), 10/09/20		751,823
	545,000	2.22% (ICE LIBOR USD 3 Month+.07%), 05/22/20		545,044
	350,000	2.24% (ICE LIBOR USD 3 Month+.24%), 07/15/20		350,413
	450,000	2.26% (ICE LIBOR USD 3 Month+.26%), 04/17/20		450,514
	725,000	2.28% (ICE LIBOR USD 3 Month+.28%), 04/13/21		726,306
	450,000	2.32% (ICE LIBOR USD 3 Month+.17%), 09/18/20		450,571
	1,725,000	2.58% (ICE LIBOR USD 3 Month+.48%), 09/08/22		1,731,762
	1,509,000	United Parcel Service, Inc. 2.55% (ICE LIBOR USD 3 Month+.45%), 04/01/23		1,518,064

Principal Amount			Value
United States: (continued)
$	820,000	United Technologies Corp. 2.82% (ICE LIBOR USD 3 Month+.65%), 08/16/21	$	820,162
		US Bank NA
	850,000	2.19% (ICE LIBOR USD 3 Month+.25%), 07/24/20		850,784
	550,000	2.21% (ICE LIBOR USD 3 Month+.31%), 02/04/21		550,765
	1,000,000	2.26% (ICE LIBOR USD 3 Month+.32%), 04/26/21		1,002,820
	500,000	2.44% (ICE LIBOR USD 3 Month+.29%), 05/21/21		500,629
	1,965,000	2.59% (ICE LIBOR USD 3 Month+.44%), 05/23/22		1,968,910
		Verizon Communications, Inc.
	610,000	2.70% (ICE LIBOR USD 3 Month+.55%), 05/22/20		611,635
	1,350,000	3.12% (ICE LIBOR USD 3 Month+1.00%), 03/16/22		1,372,206
	4,975,000	3.26% (ICE LIBOR USD 3 Month+1.10%), 05/15/25		5,064,524
		Volkswagen Group of America Finance LLC 144A
	750,000	2.95% (ICE LIBOR USD 3 Month+.77%), 11/13/20		753,350
	650,000	3.12% (ICE LIBOR USD 3 Month+.94%), 11/12/21		654,033
	375,000	Vulcan Materials Co. 2.78% (ICE LIBOR USD 3 Month+.65%), 03/01/21		375,981
		Walmart, Inc.
	310,000	2.20% (ICE LIBOR USD 3 Month+.04%), 06/23/20		310,098
	800,000	2.39% (ICE LIBOR USD 3 Month+.23%), 06/23/21		802,815
		Walt Disney Co.
	300,000	2.32% (ICE LIBOR USD 3 Month+.19%), 06/05/20		300,331
	1,200,000	2.50% (ICE LIBOR USD 3 Month+.39%), 09/01/22		1,208,468
	550,000	2.52% (ICE LIBOR USD 3 Month+.39%), 03/04/22		552,886
		Wells Fargo & Co.
	450,000	2.83% (ICE LIBOR USD 3 Month+.88%), 07/22/20		452,453
	1,150,000	2.96% (ICE LIBOR USD 3 Month+1.02%), 07/26/21		1,164,354
	3,500,000	3.05% (ICE LIBOR USD 3 Month+1.11%), 01/24/23		3,545,506
	1,900,000	3.11% (ICE LIBOR USD 3 Month+.93%), 02/11/22		1,912,842
	5,575,000	3.16% (ICE LIBOR USD 3 Month+1.23%), 10/31/23		5,675,517
	750,000	3.47% (ICE LIBOR USD 3 Month+1.34%), 03/04/21		760,563
		Wells Fargo Bank NA
	1,175,000	2.13% (ICE LIBOR USD 1 Month+.22%), 07/15/20		1,175,178

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Principal Amount			Value
CORPORATE BONDS: 0.5%
Colombia: 0.2%
COP	3,596,000,000	Empresas Públicas de Medellín ESP Reg S 7.63%, 09/10/24	$	1,125,442
	19,450,000,000	Financiera de Desarrollo Territorial SA Findeter Reg S 7.88%, 08/12/24		6,153,285
				7,278,727
Germany: 0.0%
ZAR	26,800,000	Landwirtschaftliche Rentenbank Reg S 8.25%, 05/23/22		1,832,451
Ireland: 0.0%
RUB	134,900,000	RusHydro Via RusHydro Capital Markets DAC Reg S 8.13%, 09/28/22		2,181,139
Mexico: 0.1%
		Petróleos Mexicanos Reg S
MXN	28,330,000	7.19%, 09/12/24		1,322,520
	50,200,000	7.65%, 11/24/21		2,557,278
				3,879,798
South Africa: 0.2%
		Eskom Holdings Ltd.
ZAR	82,330,000	0.00% 08/18/27 ^		1,926,599
	11,000,000	7.50%, 09/15/33		555,278
	25,350,000	7.85%, 04/02/26		1,545,909
		Transnet Ltd.
	21,000,000	9.50%, 08/19/25		1,367,823
	85,800,000	10.80%, 11/06/23		6,060,903
	5,000,000	13.50%, 04/18/28		402,626
				11,859,138
Total Corporate Bonds (Cost: $40,558,738)				27,031,253
FOREIGN GOVERNMENT OBLIGATIONS: 96.9%
Argentina: 0.8%
ARS	46,750,000	Argentina Treasury Bill 0.00% 04/08/20 ^		398,726
		Argentine Bonos del Tesoro
	4,148,143,000	15.50%, 10/17/26 †		20,079,132
	1,311,489,000	16.00%, 10/17/23 †		6,345,116
	2,962,424,463	18.20%, 10/03/21		13,978,471
				40,801,445
Brazil: 9.7%
		Brazil Government International Bonds
BRL	8,410,000	8.50%, 01/05/24		2,270,306
	11,420,000	10.25%, 01/10/28		3,517,928
	6,290,000	12.50%, 01/05/22		1,795,245
		Brazil Letras do Tesouro Nacional
	200,379,000	0.00% 07/01/21 ^		46,293,444
	191,770,000	0.00% 01/01/22 ^		43,078,442
	175,050,000	0.00% 07/01/22 ^		38,173,454
	264,380,000	0.00% 07/01/23 ^		53,982,609

Principal Amount			Value
Brazil: (continued)
		Brazil Notas do Tesouro Nacional, Series F
BRL	234,261,000	10.00%, 01/01/21	$	61,775,361
	287,823,000	10.00%, 01/01/23		80,905,558
	233,535,000	10.00%, 01/01/25		68,239,561
	170,550,000	10.00%, 01/01/27		51,402,909
	92,010,000	10.00%, 01/01/29		28,351,811
				479,786,628
Chile: 2.9%
		Bonos de la Tesoreria de la Republica de Chile
CLP	8,635,000,000	4.50%, 03/01/21		12,085,478
	18,240,000,000	4.50%, 03/01/26		26,801,516
	20,690,000,000	5.00%, 03/01/35		33,039,158
	16,305,000,000	6.00%, 01/01/43		30,175,217
		Bonos de la Tesoreria de la Republica de Chile Reg S 144A
	12,530,000,000	4.00%, 03/01/23		17,868,343
	15,395,000,000	4.70%, 09/01/30		23,345,564
				143,315,276
Colombia: 4.6%
		Colombia Government International Bonds
COP	4,400,000,000	4.38%, 03/21/23		1,279,952
	9,610,000,000	7.75%, 04/14/21		2,961,381
	7,116,000,000	9.85%, 06/28/27		2,648,232
		Colombian TES
	115,418,100,000	6.00%, 04/28/28		34,633,432
	74,811,000,000	6.25%, 11/26/25		23,035,885
	127,962,900,000	7.00%, 05/04/22		39,804,758
	70,726,700,000	7.00%, 06/30/32		22,502,731
	34,440,000,000	7.25%, 10/18/34		11,247,617
	110,961,700,000	7.50%, 08/26/26		36,404,343
	67,762,100,000	7.75%, 09/18/30		22,801,329
	83,483,800,000	10.00%, 07/24/24		29,695,158
				227,014,818
Czech Republic: 3.0%
		Czech Republic Government Bonds
CZK	300,210,000	0.25%, 02/10/27		12,137,187
	362,490,000	2.75%, 07/23/29		17,882,478
		Czech Republic Government Bonds Reg S
	216,990,000	0.45%, 10/25/23		9,221,037
	348,500,000	0.95%, 05/15/30		14,599,460
	371,120,000	1.00%, 06/26/26		15,910,630
	379,940,000	2.40%, 09/17/25		17,712,110
	375,420,000	2.50%, 08/25/28		17,938,992
	291,870,000	3.85%, 09/29/21		13,419,563
	277,170,000	4.70%, 09/12/22		13,317,578
	291,390,000	5.70%, 05/25/24		15,418,688
				147,557,723
Dominican Republic: 2.9%
DOP	2,753,250,000	Dominican Republic International Bonds 144A 9.75%, 06/05/26		53,260,902

Principal Amount			Value
Dominican Republic: (continued)
		Dominican Republic International Bonds Reg S
DOP	3,636,850,000	8.90%, 02/15/23	$	69,004,851
	1,057,600,000	9.75%, 06/05/26		20,458,996
				142,724,749
Germany: 0.0%
		Kreditanstalt fuer Wiederaufbau
ZAR	18,000,000	6.75%, 07/15/21		1,191,676
MXN	10,725,000	7.75%, 03/01/21		567,773
ZAR	8,300,000	7.75%, 06/06/23		562,186
				2,321,635
Hungary: 3.1%
		Hungary Government Bonds
HUF	1,463,110,000	0.50%, 04/21/21		5,008,605
	4,363,800,000	1.75%, 10/26/22		15,400,271
	1,968,350,000	2.50%, 10/27/21		7,025,105
	4,301,210,000	2.50%, 10/24/24		15,755,873
	3,223,160,000	2.75%, 12/22/26		11,949,794
	3,484,300,000	3.00%, 06/26/24		13,041,265
	4,636,240,000	3.00%, 10/27/27		17,510,271
	2,098,700,000	3.00%, 08/21/30		7,857,463
	4,599,600,000	5.50%, 06/24/25		19,437,602
	3,892,790,000	6.00%, 11/24/23		16,068,629
	2,453,580,000	6.75%, 10/22/28		11,863,820
	3,548,140,000	7.00%, 06/24/22		14,222,383
				155,141,081
Indonesia: 8.8%
		Indonesia Treasury Bonds
IDR	255,630,000,000	5.63%, 05/15/23		17,867,564
	385,591,000,000	6.13%, 05/15/28		26,278,571
	23,300,000,000	6.50%, 06/15/25		1,664,049
	291,083,000,000	6.63%, 05/15/33		19,572,465
	67,137,000,000	7.00%, 05/15/22		4,877,321
	405,238,000,000	7.00%, 05/15/27		29,331,182
	11,600,000,000	7.00%, 09/15/30		821,181
	170,100,000,000	7.50%, 08/15/32		12,293,703
	256,840,000,000	7.50%, 05/15/38		18,304,225
	228,120,000,000	8.13%, 05/15/24		17,368,615
	112,953,000,000	8.25%, 07/15/21		8,359,315
	257,190,000,000	8.25%, 05/15/29		19,966,900
	162,914,000,000	8.25%, 06/15/32		12,442,167
	309,105,000,000	8.25%, 05/15/36		23,414,801
	544,673,000,000	8.38%, 03/15/24		41,708,984
	411,917,000,000	8.38%, 09/15/26		32,133,418
	467,214,000,000	8.38%, 03/15/34		36,065,712
	163,580,000,000	8.38%, 04/15/39		12,523,070
	257,537,000,000	8.75%, 05/15/31		20,514,984
	393,392,000,000	9.00%, 03/15/29		31,762,299
	93,361,000,000	9.50%, 07/15/31		7,796,944
	110,942,000,000	10.50%, 08/15/30		9,821,572
	57,912,000,000	11.00%, 09/15/25		4,990,018
		Perusahaan Penerbit SBSN
	74,159,000,000	8.25%, 09/15/23		5,570,381
	80,410,000,000	8.75%, 08/15/23		6,131,141
	181,630,000,000	8.88%, 11/15/31		14,197,897
				435,778,479

Principal Amount			Value
Malaysia: 4.5%
		Malaysia Government Bonds
MYR	38,781,000	3.62%, 11/30/21	$	9,377,015
	44,634,000	3.73%, 06/15/28		10,865,202
	33,563,000	3.76%, 04/20/23		8,159,174
	39,341,000	3.80%, 08/17/23		9,591,061
	43,990,000	3.89%, 08/15/29		10,909,346
	55,014,000	3.90%, 11/16/27		13,558,841
	36,339,000	3.90%, 11/30/26		8,940,123
	38,435,000	3.91%, 07/15/26		9,474,819
	42,343,000	3.95%, 04/14/22		10,315,036
	52,194,000	3.96%, 09/15/25		12,863,059
	43,188,000	4.06%, 09/30/24		10,673,441
	43,628,000	4.09%, 11/30/23		10,744,383
	48,942,000	4.13%, 08/15/25		12,139,535
	51,482,000	4.16%, 07/15/21		12,536,384
	42,297,000	4.18%, 07/15/24		10,489,263
	774,000	4.25%, 05/31/35		195,770
	42,790,000	4.26%, 07/26/27		10,787,029
	45,678,000	4.37%, 10/31/28		11,713,070
	47,215,000	4.76%, 04/07/37		12,736,228
		Malaysia Government Investment Issue
	23,910,000	3.66%, 10/15/24		5,795,782
	22,900,000	3.73%, 03/31/26		5,591,852
	26,135,000	3.73%, 03/31/22		6,337,724
	29,795,000	4.13%, 07/09/29		7,508,379
				221,302,516
Mexico: 8.6%
		Mexican Bonos
MXN	362,490,000	5.75%, 03/05/26		18,013,325
	542,200,000	6.50%, 06/10/21		28,246,041
	873,553,000	6.50%, 06/09/22		45,556,254
	18,789,000	6.75%, 03/09/23		986,285
	520,559,000	7.25%, 12/09/21		27,546,835
	726,264,300	7.50%, 06/03/27		39,621,786
	428,819,000	7.75%, 05/29/31		23,942,245
	278,951,000	7.75%, 11/23/34		15,623,264
	582,374,800	7.75%, 11/13/42		32,478,057
	688,600,000	8.00%, 12/07/23		37,790,391
	210,955,000	8.00%, 09/05/24		11,643,704
	386,724,000	8.00%, 11/07/47		22,224,385
	487,513,000	8.50%, 05/31/29		28,514,374
	452,221,900	8.50%, 11/18/38		27,071,750
	804,083,200	10.00%, 12/05/24		48,080,166
	256,757,000	10.00%, 11/20/36		17,351,052
				424,689,914
Peru: 3.0%
		Peru Government Bonds
PEN	47,375,000	5.70%, 08/12/24		15,783,147
	59,115,000	6.35%, 08/12/28		20,610,997
	68,230,000	6.90%, 08/12/37		25,240,337
	58,812,000	6.95%, 08/12/31		21,528,396
	51,225,000	8.20%, 08/12/26		19,411,152
		Peru Government Bonds Reg S 144A
	15,400,000	5.40%, 08/12/34		4,951,155
	57,190,000	5.94%, 02/12/29		19,395,757
	58,885,000	6.15%, 08/12/32		20,243,012
				147,163,953

Principal Amount			Value
Philippines: 3.0%
		Philippine Government International Bonds
PHP	1,619,500,000	3.90%, 11/26/22	$	31,938,133
	2,314,500,000	4.95%, 01/15/21		46,271,756
	2,870,500,000	6.25%, 01/14/36		68,545,243
				146,755,132
Poland: 7.1%
		Republic of Poland Government Bonds
PLN	116,981,000	1.75%, 07/25/21		30,852,008
	88,877,000	2.00%, 04/25/21		23,527,361
	99,802,000	2.25%, 04/25/22		26,630,234
	43,375,000	2.25%, 10/25/24		11,641,171
	117,520,000	2.50%, 01/25/23		31,660,530
	78,097,000	2.50%, 04/25/24		21,165,464
	107,629,000	2.50%, 07/25/26		29,324,736
	122,853,000	2.50%, 07/25/27		33,562,216
	119,012,000	2.75%, 04/25/28		33,128,074
	66,380,000	2.75%, 10/25/29		18,631,738
	109,736,000	3.25%, 07/25/25		31,007,625
	108,409,000	4.00%, 10/25/23		30,967,890
	48,031,000	5.75%, 10/25/21		13,643,498
	60,107,000	5.75%, 09/23/22		17,614,014
				353,356,559
Romania: 2.9%
		Romania Government Bonds
RON	50,535,000	3.25%, 03/22/21		11,844,170
	53,035,000	3.25%, 04/29/24		12,175,550
	50,675,000	3.40%, 03/08/22		11,865,805
	50,710,000	3.50%, 12/19/22		11,867,397
	51,765,000	4.00%, 10/27/21		12,283,863
	53,435,000	4.25%, 06/28/23		12,789,179
	52,385,000	4.75%, 02/24/25		12,794,166
	36,790,000	4.85%, 04/22/26		9,056,697
	37,870,000	5.00%, 02/12/29		9,465,812
	54,220,000	5.80%, 07/26/27		14,154,186
	51,370,000	5.85%, 04/26/23		12,910,244
	52,570,000	5.95%, 06/11/21		12,822,943
				144,030,012
Russia: 5.6%
		Russian Federal Bonds
RUB	1,323,402,000	6.50%, 02/28/24		20,992,563
	1,358,901,000	6.90%, 05/23/29		22,006,789
	549,195,000	7.00%, 12/15/21		8,756,219
	125,460,000	7.00%, 01/25/23		2,013,313
	791,325,000	7.00%, 08/16/23		12,751,792
	1,356,058,000	7.05%, 01/19/28		22,170,068
	1,013,533,000	7.10%, 10/16/24		16,479,833
	1,160,126,000	7.25%, 05/10/34		19,228,980
	579,231,000	7.40%, 12/07/22		9,430,514
	914,480,000	7.40%, 07/17/24		15,030,821
	545,214,000	7.50%, 08/18/21		8,740,571
	186,536,000	7.60%, 04/14/21		2,979,845
	423,173,000	7.60%, 07/20/22		6,875,849
	1,398,623,000	7.70%, 03/23/33		24,044,517
	1,312,543,000	7.75%, 09/16/26		22,257,689
	1,287,660,000	7.95%, 10/07/26		22,077,100

Principal Amount			Value
Russia: (continued)
RUB	1,366,383,000	8.15%, 02/03/27	$	23,604,675
	947,071,000	8.50%, 09/17/31		17,222,772
				276,663,910
South Africa: 7.2%
		Republic of South Africa Government Bonds
ZAR	398,485,000	6.25%, 03/31/36		18,928,982
	352,739,000	6.50%, 02/28/41		16,240,723
	23,457,000	6.75%, 03/31/21		1,559,154
	425,559,000	7.00%, 02/28/31		23,578,288
	237,030,000	7.75%, 02/28/23		15,838,454
	596,972,000	8.00%, 01/31/30		36,477,828
	451,224,000	8.25%, 03/31/32		27,159,276
	512,985,000	8.50%, 01/31/37		30,044,841
	562,342,000	8.75%, 01/31/44		32,780,086
	911,661,000	8.75%, 02/28/48		52,726,064
	455,414,000	8.88%, 02/28/35		28,091,627
	378,860,000	9.00%, 01/31/40		22,930,392
	665,246,000	10.50%, 12/21/26		48,490,730
				354,846,445
Supranational: 5.1%
RUB	842,000,000	Asian Development Bank 7.00%, 03/14/22		13,550,981
		European Bank for Reconstruction and Development
IDR	6,700,000,000	6.25%, 12/22/21		476,735
	73,700,000,000	6.25%, 07/25/22		5,215,232
	21,600,000,000	6.45%, 12/13/22		1,544,484
	16,200,000,000	7.50%, 05/15/22		1,178,046
	80,730,000,000	9.25%, 12/02/20		5,937,569
ARS	212,000,000	37.50%, 07/23/21		1,835,488
RUB	62,000,000	European Bank for Reconstruction and Development Reg S 6.00%, 07/24/23		987,413
		European Investment Bank
BRL	5,620,000	0.00% 08/27/21 ^		1,307,017
PLN	34,160,000	4.25%, 10/25/22		9,573,844
BRL	5,000,000	7.25%, 11/08/22		1,341,795
ZAR	5,200,000	7.25%, 02/28/23		354,188
MXN	44,420,000	7.63%, 01/12/22		2,363,491
	17,210,000	7.75%, 01/30/25		942,187
ZAR	206,265,000	8.13%, 12/21/26		14,212,546
	72,600,000	8.25%, 09/13/21		4,951,365
	87,800,000	9.00%, 03/31/21		6,018,440
IDR	42,500,000,000	European Investment Bank 144A 5.75%, 01/24/25		2,937,986
		European Investment Bank Reg S
PLN	17,492,000	2.25%, 05/25/21		4,641,203
	35,358,000	2.75%, 08/25/26		9,740,364
	48,952,000	3.00%, 05/24/24		13,525,957
MXN	184,400,000	4.75%, 01/19/21		9,409,286
IDR	133,400,000,000	5.20%, 03/01/22		9,252,089
ZAR	17,500,000	8.00%, 05/05/27		1,200,493
	42,600,000	8.50%, 09/17/24		2,985,691

Principal Amount			Value
Supranational: (continued)
TRY	30,020,000	8.75%, 09/18/21	$	5,185,251
		Inter-American Development Bank
IDR	148,480,000,000	6.25%, 06/15/21		10,557,132
MXN	37,000,000	7.25%, 06/10/21		1,922,738
	129,870,000	7.50%, 12/05/24		7,013,739
IDR	108,090,000,000	7.88%, 03/14/23		8,043,029
MXN	52,500,000	Inter-American Development Bank Reg S 7.70%, 02/12/24		2,833,527
		International Bank for Reconstruction & Development
PLN	15,200,000	1.63%, 12/30/21		4,004,631
RUB	535,000,000	6.00%, 07/31/24		8,547,141
	541,500,000	6.75%, 11/14/22		8,789,590
	220,000,000	7.25%, 11/23/20		3,492,668
IDR	45,300,000,000	7.25%, 03/15/24		3,297,828
	43,944,800,000	7.45%, 08/20/21		3,189,653
MXN	11,000,000	8.00%, 07/01/21		588,441
IDR	27,500,000,000	8.40%, 10/12/21		2,033,045
MXN	41,770,000	International Bank for Reconstruction & Development Reg S 7.13%, 02/09/21		2,191,574
		International Finance Corp.
RUB	171,000,000	5.25%, 03/22/22		2,655,493
	540,000,000	5.50%, 03/20/23		8,455,930
	39,600,000	6.03%, 05/19/21		615,432
	255,000,000	6.38%, 04/11/22		4,070,687
	305,000,000	6.50%, 02/04/26		5,058,560
BRL	4,450,000	7.00%, 02/14/24		1,166,013
MXN	175,100,000	7.00%, 07/20/27		9,253,211
	2,500,000	7.25%, 02/02/24		133,737
	97,100,000	7.50%, 01/18/28		5,255,869
	106,780,000	7.75%, 01/18/30		5,897,629
IDR	7,100,000,000	8.00%, 10/09/23		530,945
ZAR	3,000,000	8.00%, 07/27/27		199,589
		International Finance Corp. Reg S
RUB	576,100,000	6.25%, 06/07/21		9,099,001
MXN	50,500,000	8.38%, 05/31/29		2,877,699
				252,443,672
Sweden: 0.1%
RUB	95,200,000	Svensk Exportkredit AB 6.12%, 08/10/21		1,490,044
	65,000,000	Svensk Exportkredit AB Reg S 6.00%, 06/16/21		1,016,108
				2,506,152
Thailand: 8.3%
		Thailand Government Bonds
THB	692,123,000	1.88%, 06/17/22		23,206,539
	804,628,000	2.00%, 12/17/22		27,130,179
	876,654,000	2.13%, 12/17/26		30,238,103
	789,960,000	2.40%, 12/17/23		27,211,889
	690,373,000	2.88%, 12/17/28		25,451,544

Principal Amount			Value
Thailand: (continued)
THB	698,805,000	2.88%, 06/17/46	$	28,583,518
	485,210,000	3.30%, 06/17/38		20,283,162
	735,867,000	3.40%, 06/17/36		30,566,398
	750,310,000	3.63%, 06/16/23		26,783,439
	1,033,086,000	3.65%, 12/17/21		35,815,681
	755,363,000	3.65%, 06/20/31		30,516,135
	932,676,000	3.78%, 06/25/32		38,603,124
	791,991,000	3.85%, 12/12/25		29,952,461
	824,000	4.75%, 12/20/24		31,776
	864,936,000	4.88%, 06/22/29		37,138,476
				411,512,424
Turkey: 2.8%
		Turkey Government International Bonds
TRY	65,996,000	7.10%, 03/08/23		9,946,969
	59,509,000	8.00%, 03/12/25		8,539,011
	42,400,000	8.50%, 09/14/22		6,783,941
	44,747,000	9.00%, 07/24/24		6,893,132
	29,757,000	9.20%, 09/22/21		4,977,254
	38,197,000	9.50%, 01/12/22		6,338,808
	32,082,000	10.40%, 03/20/24		5,217,316
	73,274,000	10.50%, 08/11/27		11,569,815
	80,082,000	10.60%, 02/11/26		12,883,101
	60,926,000	10.70%, 02/17/21		10,531,973
	60,086,000	10.70%, 08/17/22		10,086,997
	69,047,000	11.00%, 03/02/22		11,806,480
	63,121,000	11.00%, 02/24/27		10,253,965
	56,683,000	12.20%, 01/18/23		9,922,539
	41,435,000	12.40%, 03/08/28		7,246,075
	41,872,000	16.20%, 06/14/23		8,059,144
				141,056,520
Uruguay: 2.9%
		Uruguay Government International Bonds 144A
UYU	606,742,000	8.50%, 03/15/28		13,596,112
	211,088,000	9.88%, 06/20/22		5,517,905
		Uruguay Government International Bonds Reg S
	2,155,320,000	8.50%, 03/15/28		48,297,255
	2,870,725,000	9.88%, 06/20/22		75,041,624
				142,452,896
Total Foreign Government Obligations (Cost: $4,865,752,214)				4,793,221,939
Total Investments Before Collateral for Securities Loaned: 97.4% (Cost: $4,906,310,952)				4,820,253,192

Principal Amount			Value
SHORT-TERM INVESTMENTS HELD AS COLLATERAL FOR SECURITIES ON LOAN: 0.2%
Repurchase Agreements: 0.2%
USD	2,952,036	Repurchase agreement dated 10/31/19 with BofA Securities, Inc., 1.75%, due 11/1/19, proceeds $2,952,180; (collateralized by various U.S. government and agency obligations, 3.00% to 4.00%, due 11/1/39 to 10/1/49, valued at $3,011,077 including accrued interest)	$	2,952,036
	2,952,036	Repurchase agreement dated 10/31/19 with Citigroup Global Markets, Inc., 1.74%, due 11/1/19, proceeds $2,952,179; (collateralized by various U.S. government and agency obligations, 2.50% to 8.00%, due 12/1/20 to 1/1/59, valued at $3,011,077 including accrued interest)		2,952,036
	2,952,036	Repurchase agreement dated 10/31/19 with Credit Agricole CIB, 1.74%, due 11/1/19, proceeds $2,952,179; (collateralized by various U.S. government and agency obligations, 3.50% to 4.00%, due 10/1/48 to 8/1/49, valued at $3,011,077 including accrued interest)		2,952,036

Principal Amount			Value
Repurchase Agreements: (continued)
USD	2,952,036	Repurchase agreement dated 10/31/19 with Daiwa Capital Markets America, Inc., 1.75%, due 11/1/19, proceeds $2,952,180; (collateralized by various U.S. government and agency obligations, 0.00% to 6.50%, due 11/21/19 to 10/20/49, valued at $3,011,077 including accrued interest)	$	2,952,036
	511,012	Repurchase agreement dated 10/31/19 with Nomura Securities International, Inc., 1.72%, due 11/1/19, proceeds $511,036; (collateralized by various U.S. government and agency obligations, 0.00% to 2.88%, due 11/7/19 to 5/15/49, valued at $521,232 including accrued interest)		511,012
Total Short-Term Investments Held As Collateral For Securities On Loan (Cost: $12,319,156)				12,319,156
Total Investments: 97.6% (Cost: $4,918,630,108)				4,832,572,348
Other assets less liabilities: 2.4%				116,468,697
NET ASSETS: 100.0%			$	4,949,041,045

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Number of Shares			Value
COMMON STOCKS: 99.5%
Real Estate Investment Trusts: 99.5%
	146,198	AG Mortgage Investment Trust, Inc.	$	2,286,537
	1,069,541	AGNC Investment Corp.		18,235,674
	2,914,234	Annaly Capital Management, Inc.		26,169,821
	456,652	Apollo Commercial Real Estate Finance, Inc.		8,356,732
	520,161	Arbor Realty Trust, Inc.		7,105,399
	241,511	ARMOUR Residential REIT, Inc.		4,040,479
	272,153	Blackstone Mortgage Trust, Inc.		9,879,154
	354,704	Capstead Mortgage Corp.		2,741,862
	497,604	Chimera Investment Corp.		10,081,457
	425,233	Colony Credit Real Estate, Inc.		6,093,589
	226,830	Granite Point Mortgage Trust, Inc.		4,219,038
	264,395	Hannon Armstrong Sustainable Infrastructure Capital, Inc.		7,894,835
	576,264	Invesco Mortgage Capital, Inc.		9,070,395
	117,126	KKR Real Estate Finance Trust, Inc.		2,348,376

Number of Shares			Value
Real Estate Investment Trusts: (continued)
	498,225	Ladder Capital Corp.	$	8,604,346
	1,193,848	MFA Financial, Inc.		9,061,306
	811,246	New Residential Investment Corp.		12,850,137
	1,141,865	New York Mortgage Trust, Inc.		7,148,075
	372,786	PennyMac Mortgage Investment Trust		8,533,071
	146,935	Ready Capital Corp.		2,325,981
	315,995	Redwood Trust, Inc.		5,163,358
	583,905	Starwood Property Trust, Inc.		14,364,063
	108,590	TPG RE Finance Trust, Inc.		2,196,776
	728,834	Two Harbors Investment Corp.		10,108,928
	249,441	Western Asset Mortgage Capital Corp.		2,504,388
Total Common Stocks: (Cost: $198,383,155)				201,383,777
Other assets less liabilities: 0.5%				988,543
NET ASSETS: 100.0%			$	202,372,320

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Number of Shares			Value
PREFERRED SECURITIES: 99.8%
Basic Materials: 1.2%
	186,061	International Flavors & Fragrances, Inc. 6.00%, 09/15/21	$	8,702,073
Communications: 12.0%
		AT&T, Inc.
	596,523	5.35%, 11/01/66		16,094,191
	372,122	5.63%, 08/01/67		10,240,797
	338,293	eBay, Inc.
		6.00%, 02/01/56		9,001,977
		Qwest Corp.
	349,568	6.13%, 06/01/53		8,634,330
	440,907	6.50%, 09/01/56		11,238,719
	184,933	6.63%, 09/15/55		4,789,765
	297,697	6.75%, 06/15/57		7,838,362
	225,529	6.88%, 10/01/54		5,872,775
	135,317	Telephone & Data Systems, Inc. 7.00%, 03/15/60		3,442,464
		United States Cellular Corp.
	154,262	6.95%, 05/15/60		3,930,596
	124,041	7.25%, 12/01/63		3,243,672
	135,317	7.25%, 12/01/64		3,690,095
				88,017,743
Consumer, Cyclical: 1.2%
	338,293	Ford Motor Co. 6.20%, 06/01/59		8,998,594
Consumer, Non-cyclical: 10.1%
	233,422	Avantor, Inc. 6.25%, 05/15/22		12,140,278
	558,184	Becton Dickinson and Co. 6.13%, 05/01/20		34,428,789
		CHS, Inc.
	222,145	6.75% (ICE LIBOR USD 3 Month+4.16%), 09/30/24		5,897,950
	189,445	7.10% (ICE LIBOR USD 3 Month+4.30%), 03/31/24		5,185,110
	233,422	7.50%, 01/21/25		6,461,121
	234,150	7.88%, 09/26/23		6,464,881
	138,385	8.00%, 07/18/23		3,878,932
				74,457,061
Energy: 5.5%
		Algonquin Power & Utilities Corp.
	157,871	6.20% (ICE LIBOR USD 3 Month+4.01%), 07/01/79		4,384,078
	129,678	6.88% (ICE LIBOR USD 3 Month+3.68%), 10/17/78		3,624,500
	339,957	Blueknight Energy Partners LP 11.00%, Perpetual Maturity		1,811,971
	270,635	Enbridge, Inc. 6.38% (ICE LIBOR USD 3 Month+3.59%), 04/15/78		7,431,637
		Energy Transfer Operating LP
	202,975	7.38% (ICE LIBOR USD 3 Month+4.53%), 05/15/23		4,916,055
	360,845	7.60% (ICE LIBOR USD 3 Month+5.16%), 05/15/24		9,122,162
	200,720	7.63% (ICE LIBOR USD 3 Month+4.74%), 08/15/23		4,953,770

Number of Shares			Value
Energy: (continued)
	173,658	NuStar Energy LP 7.63% (ICE LIBOR USD 3 Month+5.64%), 06/15/22	$	3,926,407
				40,170,580
Finance – Other Services: 0.4%
	112,764	National Rural Utilities Cooperative Finance Corp. 5.50%, 05/15/64		3,112,286
Government: 0.4%
	123,323	Tennessee Valley Authority 3.55% (US Treasury Yield Curve Rate T Note Constant Maturity 30 Year+0.94%), 06/01/28		3,185,433
Industrial: 1.2%
	338,293	Stanley Black & Decker, Inc. 5.75%, 07/25/52		8,751,640
Real Estate Investment Trusts: 24.5%
		AGNC Investment Corp.
	181,045	6.50% (ICE LIBOR USD 3 Month+4.99%), 10/15/24		4,658,288
	146,594	7.00% (ICE LIBOR USD 3 Month+5.11%), 10/15/22		3,801,182
	116,710	American Homes 4 Rent 6.50%, 05/24/21		3,126,661
		Annaly Capital Management, Inc.
	191,700	6.50% (ICE LIBOR USD 3 Month+4.17%), 03/31/23		4,955,445
	199,593	6.75% (ICE LIBOR USD 3 Month+4.99%), 06/30/24		5,183,430
	324,761	6.95% (ICE LIBOR USD 3 Month+4.99%), 09/30/22		8,456,776
	207,487	7.50%, 12/02/19		5,328,266
	112,450	Brookfield Property Partners LP 6.38%, 09/30/24		3,084,504
	112,764	Brookfield Property REIT, Inc. 6.38%, 12/02/19		2,843,908
	116,474	Capstead Mortgage Corp. 7.50%, 12/02/19		2,947,957
	204,668	CBL & Associates Properties, Inc. 7.38%, 12/02/19		1,864,525
		Chimera Investment Corp.
	117,274	7.75% (ICE LIBOR USD 3 Month+4.74%), 09/30/25		2,952,959
	146,594	8.00% (ICE LIBOR USD 3 Month+5.79%), 03/30/24		3,870,082
		Colony Capital, Inc.
	129,678	7.13%, 04/13/20		3,098,007
	142,084	7.13%, 09/22/22		3,378,758
	155,616	7.15%, 06/05/22		3,703,661
	112,764	8.75%, 12/02/19		2,876,610
		Digital Realty Trust, Inc.
	155,182	5.20%, 10/10/24		4,034,732
	112,764	5.88%, 12/02/19		2,860,823
	112,764	6.35%, 08/24/20		2,914,949
	139,829	Government Properties Income Trust 5.88%, 05/01/46		3,646,740

Number of Shares			Value
Real Estate Investment Trusts: (continued)
	129,678	Invesco Mortgage Capital, Inc. 7.50% (ICE LIBOR USD 3 Month+5.29%), 09/27/27	$	3,459,809
	119,305	Kimco Realty Corp. 5.25%, 12/20/22		3,094,772
	126,778	Monmouth Real Estate Investment Corp. 6.13%, 09/15/21		3,169,450
	155,616	National Retail Properties, Inc. 5.20%, 10/11/21		4,030,454
	127,423	New Residential Investment Corp. 7.13% (ICE LIBOR USD 3 Month+5.64%), 08/15/24		3,250,561
	181,551	NuStar Logistics LP 8.73% (ICE LIBOR USD 3 Month+6.73%), 01/15/43		4,729,404
		Public Storage
	142,646	4.88%, 09/12/24		3,734,472
	157,871	4.90%, 10/14/21		4,009,923
	146,594	4.95%, 07/20/21		3,745,477
	135,317	5.05%, 08/09/22		3,499,298
	126,296	5.15%, 06/02/22		3,314,007
	225,529	5.20%, 12/02/19		5,723,926
	223,274	5.38%, 12/02/19		5,686,789
	135,317	5.40%, 01/20/21		3,504,710
	128,551	5.60%, 03/11/24		3,557,006
	145,234	RLJ Lodging Trust 1.95%, Perpetual Maturity		3,960,531
		Senior Housing Properties Trust
	157,871	5.63%, 08/01/42		3,852,052
	112,764	6.25%, 02/01/46		2,867,589
		Two Harbors Investment Corp.
	133,061	7.25% (ICE LIBOR USD 3 Month+5.01%), 01/27/25		3,410,353
	129,678	7.63% (ICE LIBOR USD 3 Month+5.35%), 07/27/27		3,398,860
	438,380	VEREIT, Inc. 6.70%, 12/02/19		11,134,852
		Vornado Realty Trust
	144,114	5.25%, 12/13/22		3,755,611
	135,317	5.40%, 12/02/19		3,423,520
	135,317	5.70%, 12/02/19		3,427,580
	124,041	Wells Fargo Real Estate Investment Corp. 6.38%, 12/11/19		3,170,488
				180,499,757
Reinsurance: 4.8%
		Aspen Insurance Holdings Ltd.
	112,764	5.63%, 10/01/24		2,956,672
	112,764	5.63%, 01/01/27		2,936,375
	124,041	5.95% (ICE LIBOR USD 3 Month+4.06%), 07/01/23		3,344,145
	248,081	Axis Capital Holdings Ltd. 5.50%, 11/07/21		6,407,932
	132,540	PartnerRe Ltd. 7.25%, 04/29/21		3,571,953

Number of Shares			Value
Reinsurance: (continued)
		Reinsurance Group of America, Inc.
	180,423	5.75% (ICE LIBOR USD 3 Month+4.04%), 06/15/56	$	5,091,537
	180,423	6.20% (ICE LIBOR USD 3 Month+4.37%), 09/15/42		4,918,331
		RenaissanceRe Holdings Ltd.
	124,041	5.38%, 12/02/19		3,135,756
	112,764	5.75%, 06/30/23		3,045,756
				35,408,457
Technology: 0.5%
	191,700	Pitney Bowes, Inc. 6.70%, 03/07/43		3,979,692
Utilities: 38.0%
	112,764	Alabama Power Co. 5.00%, 10/01/22		2,958,927
	181,551	American Electric Power Co., Inc. 6.13%, 03/15/22		9,983,489
	155,333	Aqua America, Inc. 6.00%, 04/30/22		9,358,813
	220,455	CenterPoint Energy, Inc. 7.00%, 09/01/21		11,243,205
		CMS Energy Corp.
	126,296	5.88%, 10/15/78		3,468,088
	284,165	5.88%, 03/01/79		7,945,253
		Dominion Energy, Inc.
	360,845	5.25%, 07/30/76		9,374,753
	181,551	7.25%, 06/01/22		19,464,083
		DTE Energy Co.
	180,423	5.25%, 12/01/77		4,851,574
	135,317	5.38%, 06/01/76		3,526,361
	126,296	6.00%, 12/15/76		3,435,251
		Duke Energy Corp.
	225,529	5.13%, 01/15/73		5,717,160
	225,529	5.63%, 09/15/78		6,134,389
	451,058	5.75%, 06/15/24		12,584,518
	184,933	Entergy Arkansas, Inc. 4.88%, 09/01/66		4,902,574
	121,784	Entergy Louisiana LLC 4.88%, 09/01/66		3,224,840
	117,274	Entergy Mississippi, Inc. 4.90%, 10/01/66		3,187,507
	121,784	Georgia Power Co. 5.00%, 10/01/77		3,267,465
		NextEra Energy Capital Holdings, Inc.
	202,975	5.00%, 01/15/73		5,090,613
	225,529	5.13%, 11/15/72		5,674,310
	257,103	5.25%, 06/01/76		6,988,060
	310,101	5.65%, 03/01/79		8,611,505
	338,293	NextEra Energy, Inc. 4.87%, 09/01/22		17,205,582
	225,529	NiSource, Inc. 6.50% (US Treasury Yield Curve Rate T 5 Year+3.63%), 03/15/24		6,249,409
	202,975	PPL Capital Funding, Inc. 5.90%, 04/30/73		5,161,654
	180,423	SCE Trust II 5.10%, 12/02/19		4,102,819

The summary of inputs used to value the Fund’s investments as of October 31, 2019 is as follows:

Note 1—Fund Organization—VanEck Vectors ETF Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust was incorporated in Delaware as a statutory trust on March 15, 2001. The Trust operates as a series fund and offers multiple investment portfolios, each of which represents a separate series of the Trust. These financial statements relate only to the investment portfolios listed in the diversification table below (each a “Fund” and, collectively, the “Funds”).

Each Fund’s investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of its index. The Funds (except BDC Income, Mortgage REIT and Preferred Securities) expect to use a sampling approach in seeking to achieve their objectives. Sampling means that Van Eck Associates Corporation (the “Adviser”) uses quantitative analysis to select bonds and other securities that represent a sample of securities in the index in terms of key risk factors, performance attributes and other characteristics. The number of securities in each Fund will be based upon several factors, including asset size of the Fund. The Adviser generally expects each Fund to hold less than the total number of securities in the index, but reserves the right to hold as many securities as it believes necessary to achieve the Fund’s investment objective. China Asset Management (Hong Kong) Limited (the “Sub-Adviser”) is the sub-adviser to ChinaAMC China Bond. ChinaAMC China Bond seeks to achieve its investment objective by primarily investing in bonds issued in the People’s Republic of China (“PRC”) via the Sub-Adviser. BDC Income, Mortgage REIT and Preferred Securities each seek to achieve their investment objective through a portfolio of securities in substantially the same weighting as their index.

The Funds are investment companies and follow accounting and reporting requirements of Accounting Standards Codification (“ASC”) 946 Financial Services—Investment Companies.

Note 3—Investment Management and Other Agreements—The Adviser is the investment adviser to the Funds. The Adviser receives a management fee, calculated daily and payable monthly based on an annual rate of each Fund’s average daily net assets. The Adviser has agreed, until at least September 1, 2020, to waive management fees and assume expenses to prevent each Fund’s total annual operating expenses (excluding acquired fund fees and expenses, interest expense, trading expenses, offering costs, and taxes and extraordinary expenses) from exceeding the expense limitations listed in the table below. Refer to the Statements of Operations for the amounts waived/assumed by the Adviser for the period ended October 31, 2019.

In addition, Van Eck Securities Corporation (the “Distributor”), an affiliate of the Adviser, acts as the Funds’ distributor. Certain officers and a Trustee of the Trust are officers, directors or stockholders of the Adviser and Distributor.

The consideration for the purchase or redemption of Creation Units of the Funds generally consists of the in-kind contribution or distribution of securities constituting the Funds’ underlying index (“Deposit Securities”) plus a balancing cash component to equate the transaction to the net asset value per share of the Fund on the transaction date. Cash may also be substituted in an amount equivalent to the value of certain Deposit Securities, generally as a result of market circumstances, or when the securities are not available in sufficient quantity for delivery, or are not eligible for trading by the Authorized Participant. The Funds may issue Creation Units in advance of receipt of Deposit Securities subject to various conditions, including a requirement to maintain on deposit at the Custodian for the benefit of the Funds, collateral consisting of cash in the form of U.S. dollars at least equal to 115% of the daily marked to market value of the missing Deposit Securities.

Note 5—Investments—For the period ended October 31, 2019, purchases and sales of investments (excluding short-term obligations and in-kind capital share transactions) and the purchases and sales of investments resulting from in-kind capital share transactions (excluding short-term investments) were as follows:

Note 6—Income Taxes—As of October 31, 2019, for Federal income tax purposes, the identified tax cost of investments owned, gross unrealized appreciation, gross unrealized depreciation and net unrealized appreciation (depreciation) of investments were as follows:

The tax character of dividends paid to shareholders during the year ended April 30, 2019 was as follows:

The tax character of current year distributions will be determined at the end of the current fiscal year.

At April 30, 2019, the Funds had capital loss carryforwards available to offset future capital gains, as follows:

Realized gains or losses attributable to fluctuations in foreign exchange rates on investments and other foreign currency denominated assets and liabilities result in permanent book to tax differences, which may affect the tax character of distributions and undistributed net investment income at the end of the Funds’ fiscal year and may result in a tax return of capital. For the period May 1, 2019 to October 31, 2019, the net realized gains (losses) from foreign currency translations were as follows:

The Funds recognize the tax benefits of uncertain tax positions only where the position is “more-likely-than-not” to be sustained assuming examination by applicable tax authorities. Management has analyzed the Funds’ tax positions, and has concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on return filings for all open tax years. The Funds do not have exposure for additional years that might still be open in certain foreign jurisdictions. Therefore, no provision for income tax is required in the Funds’ financial statements. The Funds are subject to foreign taxes on the appreciation in value of certain investments. The Funds provide for such taxes on both realized and unrealized appreciation.

Prior to November 2018, there were uncertainties in the Chinese tax rules governing the taxation of interest income on corporate bonds due to the lack of formal guidance from the PRC’s tax authorities. China generally imposes withholding tax (“WHT”) at a rate of 10% (which may be reduced by the double taxation agreement/arrangement) on interest income derived by nonresidents in the Chinese corporate bond market, including Qualified Foreign Institutional Investors (“QFII”) and Renminbi Qualified Foreign Institutional Investors (“RQFIIs”).

On November 7, 2018, the PRC issued guidance (Circular 108) clarifying that nonresidents (including QFIIs, and RQFIIs) are exempted from withholding income tax and value added tax with respect to bond interest income derived in the Chinese domestic bond market from November 7, 2018 to November 6, 2021.

Additionally, under the PRC Corporate Income Tax regime, China also imposes WHT at a rate of 10% (subject to treaty relief) on PRC-sourced capital gains derived by nonresident enterprises, provided that the nonresident enterprises (i) do not have places of business, establishments or permanent establishments in the PRC; and (ii) are not PRC tax resident enterprises. However, capital gains derived by a nonresident pursuant to an RQFII license from the transfer of bonds issued by PRC entities are considered to be non PRC-sourced and therefore not subject to WHT.

PRC rules for taxation of RQFIIs (and QFIIs) are evolving and future tax guidance issued by the PRC State Administration of Taxation and/or PRC Ministry of Finance may apply retroactively, regarding the tax treatment of capital gains derived from the transfer of Chinese bonds by nonresidents, even if such rules are adverse to ChinaAMC China Bond and its

shareholders. If the PRC tax authorities were to issue differing formal guidance or tax rules regarding capital gains from Chinese Bonds to RQFIIs, such as the Sub-Adviser, and begin collecting WHT, ChinaAMC China Bond could be subject to WHT liability. The impact of any such tax liability on ChinaAMC China Bond return could be substantial. ChinaAMC China Bond may also be liable to the Sub-Adviser for any tax that is imposed on the Sub-Adviser by the PRC with respect to its investments.

Note 7—Principal and Other Risks—Non-diversified funds (see Note 1) generally hold securities of fewer issuers than diversified funds and may be more susceptible to the risks associated with these particular issuers, or to a single economic, political or regulatory occurrence affecting these issuers.

Investments in the Funds involve risks similar to those of investing in any bond fund, such as market fluctuations caused by factors such as economic and political developments, changes in interest rates and perceived trends in security prices.

The Funds (except BDC Income, ChinaAMC China Bond, Investment Grade, Mortgage REIT and Preferred Securities) may directly or indirectly invest in non-investment grade securities, often referred to as “junk bonds.” Economic downturns may disrupt the high yield market and impair the ability of issuers to repay principal and interest. These high yield securities may involve greater risks and considerations not typically associated with investing in U.S. government bonds and other high quality fixed-income securities. Also, an increase in interest rates would likely have an adverse impact on the value of such obligations. Moreover, high yield securities may be less liquid due to the extent that there is no established retail secondary market and because of a decline in the value of such securities. These Funds may not be able to sell bonds at desired prices and large purchases or sales of certain high-yield bond issues may cause substantial fluctuations in share price, yield and total return.

BDC Income invests in business development companies which generally invest in less mature private companies or thinly traded U.S. public companies which involve greater risk than well-established publicly-traded companies.

ChinaAMC China Bond, Emerging Markets Aggregate, Emerging Markets High Yield, Fallen Angel, Green Bond, International High Yield, Investment Grade and J.P. Morgan EM invest in foreign securities. Investments in foreign securities may involve a greater degree of risk than investments in domestic securities due to political, economic or social instability. Foreign investments may also be subject to foreign taxes and settlement delays. Since the Funds may have significant investments in foreign debt securities, they may be subject to greater credit and interest risks and greater currency fluctuations than portfolios with significant investments in domestic debt securities.

Green Bond may invest in bonds whose proceeds are used principally for climate mitigation, climate adaption or other environmentally beneficial projects. Some “green” investments may be dependent on government tax incentives and subsidies and on political support for certain environmental technologies and companies.

Mortgage REIT invests directly in mortgage real estate investment trusts (“mortgage REITs”) and is exposed to the risks specific to the real estate market as well as the risks that relate specifically to the way in which mortgage REITs are organized and operated. Mortgage REITs receive principal and interest payments from the owners of the mortgaged properties. Accordingly, mortgage REITs are subject to the credit risk of the borrowers to whom they extend credit. To the extent that a mortgage REIT invests in mortgage-backed securities, it may be subject to default risk or interest rate risk. Mortgage REIT may invest in mortgage REITs that may trade at a discount or premium to their net asset value.

Preferred Securities invests in preferred securities which are essentially contractual obligations that declare distributions but permit the issuer to defer or suspend distributions. This may require the Fund to account for the distribution that has been deferred or suspended for tax purposes, even though it may not have received this income. Preferred securities are also subject to credit risk. Credit risk refers to the possibility that the issuer of a security will be unable and/or unwilling to make timely distributions of dividends. In addition, preferred securities are subject to interest rate risk. Preferred securities interest rates may move in an inverse direction to that of general interest rates.

Preferred Securities may invest directly in real estate investment trusts (“REITs”) and is exposed to the risk of owning real estate directly, as well as to risks that relate specifically to the way in which REITs are organized and operated. REITs generally invest directly in real estate, in mortgages or in some combination of the two. The Fund indirectly bears REIT management expenses along with the direct expenses of the REIT. Individual REITs may own a limited number of properties and may concentrate in a particular region or property type. REITs may also be subject to heavy cash flow dependency, default by borrowers and self-liquidation.

Investment Grade, Green Bond, Preferred Securities and International High Yield invest in certain financial instruments that may pay interest based on, or otherwise have payments tied to, the London Inter-bank Offered Rate (“LIBOR”). Due to the uncertainty regarding the future utilization of LIBOR and the nature of any replacement rate, the potential effect of a transition away from LIBOR on a fund or the financial instruments in which the Funds invest cannot yet be determined.

Should the Chinese government impose restrictions on the ability of ChinaAMC China Bond to repatriate funds associated with direct investment in bonds issued in the PRC, the Fund may be unable to satisfy distribution requirements applicable to regulated investment companies (“RICs”) under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), and the Fund may therefore be subject to Fund-level U.S. federal taxes.

As a result of certain events, the United States and the European Union have imposed sanctions on certain Russian individuals and companies. These sanctions do not currently impact the Funds. Additional economic sanctions may be imposed or other actions may be taken that may adversely affect the value and liquidity of the Russian-related issuers’ held by the Funds.

At October 31, 2019, the Adviser owned approximately 55% and 20% of Emerging Markets Aggregate and Green Bond, respectively.

For each Fund, the expense for the Plan is included in “Trustees’ fees and expenses” in the Statements of Operations. The liability for the Plan is shown as “Deferred Trustee fees” in the Statements of Assets and Liabilities.

Note 9—Securities Lending—To generate additional income, each of the Funds may lend its securities pursuant to a securities lending agreement with The Bank of New York Mellon, the securities lending agent and also the Funds’ custodian. Each Fund may lend up to 33% of its investments requiring that the loan be continuously collateralized by cash, U.S. government or U.S. government agency securities, shares of an investment trust or mutual fund, or any combination of cash and such securities at all times equal to at least 102% (105% for foreign securities) of the market value plus accrued interest on the securities loaned. Daily market fluctuations could cause the value of loaned securities to be more or less than the value of the collateral received. When this occurs, the collateral is adjusted and settled on the next business day. During the term of the loan, the Funds will continue to receive any dividends, interest or amounts equivalent thereto, on the securities loaned while receiving a fee from the borrower and/or earning interest on the investment of the cash collateral. Such fees and collateral earned are shared with the securities lending agent under the terms of the securities lending agreement. The Funds may pay reasonable finders’, administrative and custodial fees in connection with a loan of its securities. Securities lending income is disclosed as such in the Statements of Operations. The collateral for securities loaned is recognized in the Schedules of Investments and the Statements of Assets and Liabilities. The cash collateral is maintained on the Funds’ behalf by the lending agent and is invested in repurchase agreements collateralized by obligations of the U.S. Treasury and/or Government Agencies. Loans are subject to termination at the option of the borrower or the Funds. Upon termination of the loan, the borrower will return to the lender securities identical to the securities loaned. The Funds bear the risk of delay in recovery of, or even loss of rights in, the securities loaned should the borrower of the securities fail financially. The value of loaned securities and related collateral outstanding at October 31, 2019 is presented on a gross basis in the Schedules of Investments and Statements of Assets and Liabilities.

The following table presents repurchase agreements held as collateral by type of security on loan pledged as of October 31, 2019:

Note 10—Share Split—On October 26, 2018, the Board of Trustees of the Trust approved a 1 for 2 reverse share split for J.P Morgan EM Local Currency Bond ETF. Fund shares began trading on a split-adjusted basis on October 26, 2018. The Statement of Changes in Net Assets and Financial Highlights prior to October 26, 2018 have been adjusted to reflect the 1 for 2 reverse share split.

Note 11—Bank Line of Credit—The Funds may participate in a $200 million committed credit facility (the “Facility”) to be utilized for temporary financing until the settlement of sales or purchases of portfolio securities, the repurchase or redemption of shares of the Funds at the request of the shareholders and other temporary or emergency purposes. The Funds have agreed to pay commitment fees, pro rata, based on the unused but available balance. Interest is charged to the Funds at rates based on prevailing market rates in effect at the time of borrowings. The outstanding loan balance, if any, for each respective fund as of October 31, 2019 is disclosed as Line of Credit in the Statement of Assets and Liabilities. During the period ended October 31, 2019, the following Funds borrowed under this Facility:

Note 12—Custodian Fees—The Funds have entered into an expense offset agreement with the custodian wherein they receive a credit toward the reduction of custodian fees whenever there are uninvested cash balances. The Funds could have invested their cash balances elsewhere if they had not agreed to a reduction in fees under the expense offset agreement with the custodian. For the period ended October 31, 2019, there were offsets to custodian fees and these amounts are reflected in custody expense in the Statement of Operations.

Note 13—Recent Accounting Pronouncements and Regulatory Requirements—The Funds early adopted certain provisions of Accounting Standards Update No. 2018-13 Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”) that eliminate and modify certain disclosure requirements for fair value measurements. The adoption of certain provisions of ASU 2018-13 had no material effect on the financial statements and related disclosures. Management evaluated the additional requirements, not yet adopted, and they are not expected to have a material impact to the financial statements. Public companies will be required to disclose the range and weighted average of significant unobservable inputs for Level 3 fair value measurements. ASU 2018-13 is effective for fiscal years beginning after December 15, 2019 and for interim periods within those fiscal years.

Note 14—Subsequent Events—The Funds have evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

At a meeting held on June 13, 2019 (the “Renewal Meeting”), the Board of Trustees (the “Board”) of VanEck Vectors^®ETF Trust (the “Trust”), including all of the Trustees that are not interested persons of the Trust (the “Independent Trustees”), approved the continuation of (i) the investment management agreements between the Trust and Van Eck Associates Corporation (the “Adviser”) (the “Investment Management Agreements”) with respect to the VanEck Vectors Asia ex-Japan Aggregate Bond ETF, BDC Income ETF, Business Development Company/Specialty Finance ETF, ChinaAMC China Bond ETF (the “China Fund”), Defaulted & Distressed Bond ETF, Emerging Markets Aggregate Bond ETF, Emerging Markets Corporate Bond ETF, Emerging Markets High Yield Bond ETF, Emerging Markets Short-Term Corporate Bond ETF, European High Yield Bond ETF, European Sovereign Bond ETF, Fallen Angel High Yield Bond ETF, Fixed Income II ETF, Global Fallen Angel Bond ETF, Global High Yield Bond ETF, Global High Yield US$ Bond ETF, Greater China Corporate Bond ETF, Greater China High Yield Bond ETF, Green Bond ETF, High Yield Floating Rate ETF, International High Yield Bond ETF, International US$ High Yield Bond ETF, Investment Grade Floating Rate ETF, Japanese Bond ETF, J.P. Morgan EM Local Currency Bond ETF, Mortgage REIT Income ETF, MV Emerging Markets Aggregate Bond ETF, Non-Agency RMBS ETF, Preferred Securities ex Financials ETF, REIT Preferred Securities ETF and USD Emerging Markets Aggregate Bond ETF (each, a “Fund” and together, the “Funds”) and (ii) a sub-advisory agreement between the Adviser and China Asset Management (Hong Kong) Limited (the “Sub-Adviser”) (the “Sub-Advisory Agreement”) with respect to the China Fund. The Investment Management Agreements and the Sub-Advisory Agreement are collectively referred to as the “Agreements.”

The Board’s approval of the Agreements was based on a comprehensive consideration of all of the information available to the Trustees and was not the result of any single factor. Some of the factors that figured particularly in the Trustees’ deliberations and how the Trustees considered those factors are described below, although individual Trustees may have evaluated the information presented differently, giving different weights to various factors.

In preparation for the Renewal Meeting, the Trustees held a meeting on May 10, 2019. At that meeting, the Trustees discussed the information the Adviser, the Sub-Adviser (with respect to the China Fund) and Broadridge Financial Solutions, Inc. (“Broadridge”), an independent third party data provider, had provided to them in advance. The information provided to the Trustees included, among other things, information about the performance and expenses (for those Funds which had begun operations) of the Funds and the Funds’ peer funds (certain other index-based exchange-traded funds (“ETFs”)), information about the advisory services provided to the Funds and the personnel providing those services, and the profitability and other benefits enjoyed by the Adviser and its affiliates as a result of the Adviser’s relationship with the Funds. In reviewing performance information for the Funds against their peer groups, the Trustees considered that each Fund seeks to track a different index than the funds in its designated peer group and, therefore, each Fund’s performance will differ from its peers. In addition, as noted below, the Trustees reviewed certain performance information for each Fund which was not provided by Broadridge and which did not compare each Fund’s performance to the performance of its peer group. For these and other reasons, the Trustees noted that the peer group performance information did not necessarily provide meaningful direct comparisons to the Funds.

The Independent Trustees’ consideration of the Agreements was based, in part, on their review of information obtained through discussions with the Adviser at the Renewal Meeting and with the Adviser at the May 10, 2019 meeting regarding the management of the Funds and information obtained at other meetings of the Trustees and/or based on their review of the materials provided by the Adviser and the Sub-Adviser (with respect to the China Fund), including the background and experience of the portfolio managers and others involved in the management and administration of the Funds. The Trustees considered the terms of, and scope of services that the Adviser and Sub-Adviser (with respect to the China Fund) provide under, the Agreements, including the Adviser’s commitment to waive certain fees and/or pay expenses of each of the Funds to the extent necessary to prevent the operating expenses of each of the Funds from exceeding agreed upon limits for a period of time. With respect to the Sub-Advisory Agreement, the Trustees took into account the unique legal and operational aspects of the China Fund and the Sub-Adviser’s experience with respect to Renminbi Qualified Foreign Institutional Investors Scheme funds. The Trustees also noted that the Sub-Adviser is a wholly-owned subsidiary of China Asset Management Co., Ltd., one of China’s largest asset management companies measured by fund assets under management.

The Trustees concluded that the Adviser, the Sub-Adviser (with respect to the China Fund) and their personnel have the requisite expertise and skill to manage the Funds’ portfolios. In evaluating the performance of each of the Funds that had commenced operations prior to the date of the Renewal Meeting (the “Operating Funds”), the Trustees reviewed various performance metrics but relied principally on a comparison of the “gross” performance of each

Operating Fund (i.e., measured without regard to the impact of fees and expenses) to the performance of its benchmark index. Based on the foregoing, the Trustees concluded that the investment performance of the Operating Funds was satisfactory.

The Trustees also considered information relating to the financial condition of the Adviser and the Sub-Adviser (with respect to the China Fund) and the current status, as they understood it, of the Adviser’s and Sub-Adviser’s (with respect to the China Fund) compliance environment.

As noted above, the Trustees were also provided various data from Broadridge comparing the Operating Funds’ expenses and performance to that of certain other ETFs. The Trustees noted that the information provided showed that each Operating Fund had management fees (after the effect of any applicable fee waiver) below the average and median of its respective peer group of funds, except for each of VanEck Vectors BDC Income ETF, Emerging Markets High Yield Bond ETF and Mortgage REIT Income ETF, which had management fees (after the effect of any applicable fee waiver) greater than the average, but below the median, of its respective peer group of funds. The Trustees also noted that the information provided showed that each Operating Fund had a total expense ratio (after the effect of any applicable expense limitation) below the average and median of its respective peer group of funds, except for each of the China Fund, VanEck Vectors BDC Income ETF, International High Yield Bond ETF and Mortgage REIT Income ETF, which had a total expense ratio (after the effect of any applicable expense limitation) greater than or equal to the average and/or median of its respective peer group of funds. With respect to these Operating Funds, the Trustees reviewed the amount by which these Operating Funds’ management fees and/or total expense ratios (after the effect of any applicable expense limitation) exceeded the average and/or median of their respective peer groups and information provided by the Adviser providing context for these comparisons. The Trustees concluded, in light of this information and the other information available to them, that the fees paid by the Operating Funds were reasonable in light of the performance of the Operating Funds and the quality of services received.

The Trustees also considered the benefits, other than the fees under the Investment Management Agreements, received by the Adviser from serving as adviser to the Funds.

The Trustees also considered information provided by the Adviser about the overall profitability of the Adviser and its profitability or loss in respect of each Operating Fund. The Trustees reviewed each Operating Fund’s asset size, expense ratio and expense cap and noted that the Investment Management Agreements do not include breakpoints in the advisory fee rates as asset levels in a Fund increase. The Trustees considered the volatility of the asset classes in which certain of the Operating Funds invest, potential variability in the net assets of these Funds and the sustainability of any potential economies of scale which may exist given where fees are currently set. The Trustees also evaluated the extent to which management fees for the Operating Funds effectively incorporate the benefits of economies of scale. The Trustees noted that the Adviser has capped expenses on each Operating Fund since its inception. Based on the foregoing and the other information available to them, the Trustees determined that the advisory fee rate for each Operating Fund and the sub-advisory fee rate for the China Fund are reasonable and appropriate in relation to the current asset size of each Operating Fund and the other factors discussed above and that the advisory fee rate for each Operating Fund currently reflects an appropriate sharing with shareholders of any economies of scale which may exist. The Trustees also determined that the profits earned by the Adviser with respect to the Funds that were profitable to the Adviser were reasonable in light of the nature and quality of the services received by such Funds. The Trustees also considered information from the Sub-Adviser informing them that the Sub-Adviser did not earn any profits from managing the China Fund.

The Trustees did not consider historical information about the cost of the services provided by the Adviser or the profitability to the Adviser of VanEck Vectors Asia ex-Japan Aggregate Bond ETF, Business Development Company/Specialty Finance ETF, Defaulted & Distressed Bond ETF, Emerging Markets Corporate Bond ETF, Emerging Markets Short-Term Corporate Bond ETF, European High Yield Bond ETF, European Sovereign Bond ETF, Fixed Income II ETF, Global Fallen Angel Bond ETF, Global High Yield Bond ETF, Global High Yield US$ Bond ETF, Greater China Corporate Bond ETF, Greater China High Yield Bond ETF, High Yield Floating Rate ETF, International US$ High Yield Bond ETF, Japanese Bond ETF, MV Emerging Markets Aggregate Bond ETF, Non-Agency RMBS ETF, REIT Preferred Securities ETF and USD Emerging Markets Aggregate Bond ETF because the Funds had not yet commenced operations at the time of the Renewal Meeting. The Trustees could not consider the historical performance or actual management fees or operating expenses of, or the quality of services previously provided to, each of these Funds although they concluded that the nature, quality and extent of the services to be provided by the Adviser (and the Sub-

Adviser, with respect to the China Fund) were appropriate based on the Trustees’ knowledge of the Adviser and Sub-Adviser (to the extent applicable) and their personnel and the operations of the other series of the Trust.

In voting to approve the continuation of the Agreements, the Trustees, including the Independent Trustees, concluded that the terms of each Agreement are reasonable and fair in light of the services to be performed, expenses to be incurred and such other matters as the Trustees considered relevant in the exercise of their reasonable judgment. The Trustees further concluded that each Agreement is in the best interest of each Fund and such Fund’s shareholders.

In preparation for the Renewal Meeting, the Trustees held a meeting on May 10, 2019. At that meeting, the Trustees received materials from the Adviser. The Independent Trustees’ consideration of the Investment Management Agreement was based, in part, on information obtained through discussions with the Adviser and its affiliates at the Renewal Meeting and the May 10, 2019 meeting regarding the proposed management of the Fund and information obtained at other meetings of the Trustees and/or based on their review of the materials provided by the Adviser and its affiliates, including the background and experience of the portfolio managers and others proposed to be involved in the management and administration of the Fund. In evaluating the terms of the Investment Management Agreement at the Renewal Meeting and the May 10, 2019 meeting, the Trustees considered the terms and scope of services that the Adviser would provide under the Investment Management Agreement, including the Adviser’s agreement to pay all of the direct expenses of the Fund (excluding interest expense, trading expenses, taxes, accrued deferred tax liability and extraordinary expenses). The Trustees concluded that the Adviser and its personnel have the requisite expertise and skill to manage the Fund’s portfolio.

The Trustees did not consider historical information about the cost of the services provided by the Adviser or the profitability of the Fund to the Adviser because the Fund has not yet commenced operations. The Trustees could not consider the historical performance or actual management fees or operating expenses of, or the quality of services previously provided to, the Fund by the Adviser, although they concluded that the nature, quality, and extent of the services to be provided by the Adviser were appropriate based on the Trustees’ knowledge of the Adviser and its personnel and the operations of the other series of the Trust.

In voting to approve the continuation of the Investment Management Agreement, the Trustees, including the Independent Trustees, concluded that the terms of the Investment Management Agreement are reasonable and fair in light of the services to be performed, expenses to be incurred and such other matters as the Trustees considered relevant in the exercise of their reasonable judgment. The Trustees further concluded that the Investment Management Agreement is in the best interest of the Fund and its shareholders.

The Trust files its complete schedule of portfolio holdings with the Securities and Exchange Commission for the first and third quarters of each fiscal year on Form N-PORT. The Trust’s Form N-PORT filings are available on the Commission’s website at http://www.sec.gov and may be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 202.942.8090. The Funds’ complete schedules of portfolio holdings are also available by calling 800.826.2333 or by visiting vaneck.com.

VANECK VECTORS^®

AMT-Free Intermediate Municipal Index ETF	ITM^®
AMT-Free Long Municipal Index ETF	MLN^®
AMT-Free Short Municipal Index ETF	SMB^®
High-Yield Municipal Index ETF	HYD^®
Short High-Yield Municipal Index ETF	SHYD^®
CEF Municipal Income ETF	XMPT^®
Municipal Allocation ETF	MAAX^TM

	Beginning Account Value May 1, 2019	Ending Account Value October 31, 2019	Annualized Expense Ratio During Period	Expenses Paid During the Period* May 1, 2019 — October 31, 2019
AMT-Free Intermediate Municipal Index ETF
Actual	$1,000.00	$1,039.20	0.24%	$1.23
Hypothetical**	$1,000.00	$1,023.93	0.24%	$1.22
AMT-Free Long Municipal Index ETF
Actual	$1,000.00	$1,047.90	0.24%	$1.24
Hypothetical**	$1,000.00	$1,023.93	0.24%	$1.22
AMT-Free Short Municipal Index ETF
Actual	$1,000.00	$1,021.00	0.20%	$1.02
Hypothetical**	$1,000.00	$1,024.13	0.20%	$1.02
High-Yield Municipal Index ETF
Actual	$1,000.00	$1,045.60	0.35%	$1.80
Hypothetical**	$1,000.00	$1,023.38	0.35%	$1.78
Short High-Yield Municipal Index ETF
Actual	$1,000.00	$1,034.60	0.35%	$1.79
Hypothetical**	$1,000.00	$1,023.38	0.35%	$1.78
CEF Municipal Income ETF
Actual	$1,000.00	$1,070.20	0.40%	$2.08
Hypothetical**	$1,000.00	$1,023.13	0.40%	$2.03
Municipal Allocation ETF
Actual***	$1,000.00	$1,032.80	0.08%	$0.38
Hypothetical**	$1,000.00	$1,024.73	0.08%	$0.41


*		Expenses are equal to the Fund’s annualized expense ratio (for the six months ended October 31, 2019) multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year divided by the number of days in the fiscal year (to reflect the one-half year period).
**		Assumes annual return of 5% before expenses
***		Expenses are equal to the Fund’s annualized expense ratio (for the period from May 15, 2019 (commencement of operations) to October 31, 2019) multiplied by the average account value over the period, multiplied by the number of days since the commencement of operations divided by the number of days in the fiscal year.

President’s Letter	1
Explanation of Expenses	2
Schedule of Investments
AMT-Free Intermediate Municipal Index ETF	3
AMT-Free Long Municipal Index ETF	54
AMT-Free Short Municipal Index ETF	70
High-Yield Municipal Index ETF	84
Short High-Yield Municipal Index ETF	125
CEF Municipal Income ETF	139
Municipal Allocation ETF	141
Statements of Assets and Liabilities	142
Statements of Operations	144
Statements of Changes in Net Assets	148
Financial Highlights
AMT-Free Intermediate Municipal Index ETF	151
AMT-Free Long Municipal Index ETF	151
AMT-Free Short Municipal Index ETF	152
High-Yield Municipal Index ETF	152
Short High-Yield Municipal Index ETF	153
CEF Municipal Income ETF	153
Municipal Allocation ETF	154
Notes to Financial Statements	155
Approval of Investment Management Agreements	161

Definitions:
ACA	Credit Agricole SA
AGM	Assured Guaranty Municipal Corp.
CP	Certificate of Participation
GO	General Obligation
RB	Revenue Bond
SAW	State Aid Withholding
SBG	School Board Guaranteed
SD CRED PROG	Special District Credit Enhancement Program
ST	Special Tax
TA	Tax Allocation

Footnotes:
(c)	Callable Security — the redemption date shown is when the security may be redeemed by the issuer
(p)	Puttable Security — the redemption date shown is when the security may be redeemed by the investor
^	Zero Coupon Bond

Summary of Investments By Sector	% of Investments				Value
Education		6.2	%	$	114,361,984
Health Care		7.3			136,609,920
Housing		1.6			30,217,222
Industrial Revenue		1.0			18,139,233
Leasing		7.0			130,903,889
Local		17.5			325,167,008
Power		5.4			100,342,218
Solid Waste/Resource Recovery		0.1			1,140,971
Special Tax		11.0			205,344,130
State		20.3			378,338,443
Tobacco		1.1			20,230,929
Transportation		12.0			223,810,697
Water & Sewer		9.5			177,526,443
		100.0	%	$	1,862,133,087

		Level 1 Quoted Prices					Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs					Value
Municipal Bonds*			$	—			$	1,862,133,087				$	—			$	1,862,133,087

Definitions:
AGM	Assured Guaranty Municipal Corp.
CP	Certificate of Participation
FHA	Federal Housing Association
GO	General Obligation
RB	Revenue Bond
SA	Special Assessment
SAW	State Aid Withholding
SBG	School Board Guaranteed
SD CRED PROG	Special District Credit Enhancement Program
ST	Special Tax
TA	Tax Allocation
Footnotes:
(c)	Callable Security — the redemption date shown is when the security may be redeemed by the issuer
(p)	Puttable Security — the redemption date shown is when the security may be redeemed by the investor
^	Zero Coupon Bond

			Level 1 Quoted Prices				Level 2 Significant Observable Inputs				Level 3 Significant Unobservable Inputs					Value
Municipal Bonds*			$	—			$	192,388,903				$	—			$	192,388,903

AGM	Assured Guaranty Municipal Corp.
AMBAC	American Municipal Bond Assurance Corp.
CIFG	CDC Ixis Financial Guaranty
CP	Certificate of Participation
FGIC	Financial Guaranty Insurance Co.
GO	General Obligation
NATL	National Public Finance Guarantee Corp.
RB	Revenue Bond
SA	Special Assessment
SAW	State Aid Withholding
SBG	School Board Guaranteed
SD CRED PROG	Special District Credit Enhancement Program
ST	Special Tax
TA	Tax Allocation

(c)	Callable Security — the redemption date shown is when the security may be redeemed by the issuer
(d)	Security in default of coupon payment
(p)	Puttable Security — the redemption date shown is when the security may be redeemed by the investor
^	Zero Coupon Bond
*	Non-income producing

Number of Shares			Value
EXCHANGE TRADED FUNDS: 100.0% (a)
	15,213	VanEck Vectors AMT-Free Intermediate Municipal Index ETF ‡	$	765,366
	54,744	VanEck Vectors AMT-Free Long Municipal Index ETF ‡		1,157,288
	23,892	VanEck Vectors High-Yield Municipal Index ETF ‡		1,536,495


	800.826.2333	vaneck.com

Number of Shares			Value
EXCHANGE TRADED FUNDS: (continued)
	15,096	VanEck Vectors Short High-Yield Municipal Index ETF ‡	$	380,045
Total Exchange Traded Funds (Cost: $3,788,229)				3,839,194
Other assets less liabilities: 0.0%				304
NET ASSETS: 100.0%			$	3,839,498

(a)	Each underlying fund’s shareholder reports and registration documents are available free of charge on the SEC’s website at https://www.sec.gov.
‡	Affiliated issuer — as defined under the Investment Company Act of 1940.

Affiliates	Value 05/15/19*			Purchases		Sales Proceeds			Realized Gain (Loss)			Dividend Income			Net Change in Unrealized Appreciation (Depreciation)			Value 10/31/19
VanEck Vectors AMT-Free Intermediate Municipal Index ETF		$	—	$	755,832		$	—		$	—		$	4,654		$	9,534	$	765,366
VanEck Vectors AMT-Free Long Municipal Index ETF			—		1,136,485			—			—			8,828			20,803		1,157,288
VanEck Vectors High-Yield Municipal Index ETF			—		1,519,518			—			—			17,767			16,977		1,536,495
VanEck Vectors Short High-Yield Municipal Index ETF			—		376,394			—			—			3,472			3,651		380,045
		$	—	$	3,788,229		$	—		$	—		$	34,721		$	50,965	$	3,839,194

	AMT-Free Intermediate Municipal Index ETF			AMT-Free Long Municipal Index ETF			AMT-Free Short Municipal Index ETF

Assets:
Investments, at value
Unaffiliated issuers (1)		$	1,862,133,087		$	192,388,903		$	195,501,778
Affiliated issuers (2)			—			—			—
Cash			5,024,780			2,412,137			100,245
Receivables:
Investment securities sold			—			21,283			320,318
Shares sold			—			2,098,770			—
Due from Adviser			—			—			—
Dividends and Interest			20,934,063			2,223,832			2,507,569
Prepaid expenses			—			—			—
Total assets			1,888,091,930			199,144,925			198,429,910

Liabilities:
Payables:
Investment securities purchased			4,018,423			3,020,797			273,362
Line of credit			—			—			—
Due to Adviser			381,230			39,271			33,528
Deferred Trustee fees			3,000			1,517			1,600
Accrued expenses			—			—			46
Total liabilities			4,402,653			3,061,585			308,536
NET ASSETS		$	1,883,689,277		$	196,083,340		$	198,121,374
Shares outstanding			37,448,916			9,300,000			11,150,000
Net asset value, redemption and offering price per share		$	50.30		$	21.08		$	17.77

Net assets consist of:
Aggregate paid in capital		$	1,791,452,361		$	187,209,966		$	196,125,038
Total distributable earnings (loss)			92,236,916			8,873,374			1,996,336
NET ASSETS		$	1,883,689,277		$	196,083,340		$	198,121,374
(1) Cost of investments – Unaffiliated issuers		$	1,779,369,863		$	184,332,039		$	192,353,388
(2) Cost of investments – Affiliated issuers		$	—		$	—		$	—

High-Yield Municipal Index ETF			Short High-Yield Municipal Index ETF			CEF Municipal Index ETF			Municipal Allocation ETF

	$	3,164,414,567		$	245,581,590		$	162,936,498		$	—
		—			—			—			3,839,194
		21,008,658			1,193,792			—			19,734

		35,365			973,271			—			—
		16,046,116			—			—			—
		—			—			—			7,510
		49,952,982			3,382,028			419,918			30
		—			—			2,013			2,308
		3,251,457,688			251,130,681			163,358,429			3,868,776

		13,278,829			2,167,601			—			—
		—			—			85,303			—
		927,593			72,117			41,662			—
		3,184			—			4,115			—
		—			—			46,864			29,278
		14,209,606			2,239,718			177,944			29,278
	$	3,237,248,082		$	248,890,963		$	163,180,485		$	3,839,498
		50,346,401			9,900,000			5,950,000			150,000

	$	64.30		$	25.14		$	27.43		$	25.60

	$	3,158,426,055		$	247,470,646		$	163,139,280		$	3,781,887
		78,822,027			1,420,317			41,205			57,611
	$	3,237,248,082		$	248,890,963		$	163,180,485		$	3,839,498
	$	3,053,376,960		$	239,928,491		$	158,809,059		$	—
	$	—		$	—		$	—		$	3,788,229

High-Yield Municipal Index ETF				Short High-Yield Municipal Index ETF

	$	234,209			$	17,779
		66,871,926				4,142,162
		67,106,135				4,159,941

		5,144,536				393,439
		—				237
		5,144,536				393,676
		61,961,599				3,766,265

		(3,382,684	)			(54,750	)
		—				—
		(3,382,684	)			(54,750	)

		68,582,450				3,597,390
	$	127,161,365			$	7,308,905

	CEF Municipal Income ETF				Municipal Allocation ETF(a)

Income:
Dividends – Unaffiliated issuers		$	3,470,332			$	123
Dividends – Affiliated issuers			—				34,721
Total Income			3,470,332				34,844

Expenses:
Management fees			312,304				968
Professional fees			31,454				25,421
Insurance			1,155				496
Trustees’ fees and expenses			2,236				228
Reports to shareholders			15,474				5,317
Indicative optimized portfolio value fee			1,834				1,429
Custodian fees			4,002				833
Registration fees			4,053				1,523
Transfer agent fees			1,159				1,156
Fund accounting fees			4,322				95
Interest			3,899				—
Other			2,112				100
Total expenses			384,004				37,566
Waiver of management fees			(67,800	)			(968	)
Expenses assumed by the Adviser			—				(35,630	)
Net expenses			316,204				968
Net investment income			3,154,128				33,876

Net realized gain (loss) on:
Investments			(454,056	)			—
In-kind redemptions			659,796				—
Net realized gain			205,740				—

Net change in unrealized appreciation (depreciation) on:
Investments – Unaffiliated issuers			6,853,129				—
Investments – Affiliated issuers			—				50,965
Net change in unrealized appreciation (depreciation)			6,853,129				50,965
Net Increase in Net Assets Resulting from Operations		$	10,212,997			$	84,841

	AMT-Free Intermediate Municipal Index ETF								AMT-Free Long Municipal Index ETF
	For the Six Months Ended October 31, 2019				For the Year Ended April 30, 2019				For the Six Months Ended October 31, 2019				For the Year Ended April 30, 2019
	(unaudited)								(unaudited)
Operations:
Net investment income		$	19,961,369			$	39,302,092			$	2,463,409			$	4,493,371
Net realized gain (loss)			7,616,591				558,035				317,759				(517,877	)
Net change in unrealized appreciation (depreciation)			39,730,542				73,777,750				4,716,258				5,697,114
Net increase in net assets resulting from operations			67,308,502				113,637,877				7,497,426				9,672,608

Distributions to shareholders:
Dividends and Distributions			(19,780,595	)			(39,306,781	)			(2,374,950	)			(4,518,275	)

Share transactions:**
Proceeds from sale of shares			208,373,757				375,018,774				40,082,157				26,897,181
Cost of shares redeemed			(92,393,439	)			(426,770,532	)			(2,122,885	)			(33,156,469	)
Increase (Decrease) in net assets resulting from share transactions			115,980,318				(51,751,758	)			37,959,272				(6,259,288	)
Total increase (decrease) in net assets			163,508,225				22,579,338				43,081,748				(1,104,955	)
Net Assets, beginning of period			1,720,181,052				1,697,601,714				153,001,592				154,106,547
Net Assets, end of period		$	1,883,689,277			$	1,720,181,052			$	196,083,340			$	153,001,592

** Shares of Common Stock Issued (no par value)
Shares sold			4,150,000				7,900,000				1,900,000				1,350,000
Shares redeemed			(1,850,000	)			(9,001,084	)			(100,000	)			(1,700,000	)
Net increase (decrease)			2,300,000				(1,101,084	)			1,800,000				(350,000	)

AMT-Free Short Municipal Index ETF								High-Yield Municipal Index ETF								Short High-Yield Municipal Index ETF
For the Six Months Ended October 31, 2019				For the Year Ended April 30, 2019				For the Six Months Ended October 31, 2019				For the Year Ended April 30, 2019				For the Six Months Ended October 31, 2019				For the Year Ended April 30, 2019
	(unaudited)								(unaudited)								(unaudited)
	$	1,546,091			$	3,170,739			$	61,961,599			$	108,136,498			$	3,766,265			$	5,493,541
		275,219				(1,041,127	)			(3,382,684	)			(12,121,310	)			(54,750	)			(1,833,671	)
		2,255,877				5,337,459				68,582,450				34,933,118				3,597,390				4,661,696

		4,077,187				7,467,071				127,161,365				130,948,306				7,308,905				8,321,566

		(1,557,955	)			(3,158,590	)			(60,432,391	)			(107,905,812	)			(3,607,080	)			(5,237,285	)

		—				4,380,706				514,583,374				603,500,210				42,644,567				80,525,205
		(5,272,536	)			(27,681,850	)			—				(407,349,929	)			—				(15,601,955	)

		(5,272,536	)			(23,301,144	)			514,583,374				196,150,281				42,644,567				64,923,250
		(2,753,304	)			(18,992,663	)			581,312,348				219,192,775				46,346,392				68,007,531
		200,874,678				219,867,341				2,655,935,734				2,436,742,959				202,544,571				134,537,040
	$	198,121,374			$	200,874,678			$	3,237,248,082			$	2,655,935,734			$	248,890,963			$	202,544,571

		—				250,000				8,050,000				9,700,000				1,700,000				3,300,000
		(300,000	)			(1,600,000	)			—				(6,603,599	)			—				(650,000	)
		(300,000	)			(1,350,000	)			8,050,000				3,096,401				1,700,000				2,650,000

	CEF Municipal Income ETF								Municipal Allocation ETF
	For the Six Months Ended October 31, 2019				For the Year Ended April 30, 2019				For the Period May 15, 2019* through October 31, 2019
	(unaudited)								(unaudited)
Operations:
Net investment income		$	3,154,128			$	5,476,289			$	33,876
Net realized gain (loss)			205,740				(800,801	)			—
Net change in unrealized appreciation (depreciation)			6,853,129				6,795,757				50,965
Net increase in net assets resulting from operations			10,212,997				11,471,245				84,841

Distributions to shareholders:
Dividends and Distributions			(3,302,845	)			(5,350,340	)			(27,230	)

Share transactions:**
Proceeds from sale of shares			20,354,081				64,240,348				3,781,887
Cost of shares redeemed			(8,053,742	)			(21,267,448	)			—
Increase in net assets resulting from share transactions			12,300,339				42,972,900				3,781,887
Total increase in net assets			19,210,491				49,093,805				3,839,498
Net Assets, beginning of period			143,969,994				94,876,189				—
Net Assets, end of period		$	163,180,485			$	143,969,994			$	3,839,498

** Shares of Common Stock Issued (no par value)
Shares sold			750,000				2,550,000				150,000
Shares redeemed			(300,000	)			(850,000	)			—
Net increase			450,000				1,700,000				150,000

	AMT-Free Intermediate Municipal Index ETF #
	For the Six Months Ended October 31,				For the Year Ended April 30,
	2019				2019				2018				2017				2016				2015
	(unaudited)
Net asset value, beginning of period		$	48.94			$	46.83			$	47.40			$	48.84			$	46.98			$	46.14
Income from investment operations:
Net investment income			0.55	(a)			1.12	(a)			1.08	(a)			1.06				1.10				1.12
Net realized and unrealized gain (loss) on investments			1.36				2.11				(0.59	)			(1.44	)			1.86				0.86
Total from investment operations			1.91				3.23				0.49				(0.38	)			2.96				1.98
Less:
Dividends from net investment income			(0.55	)			(1.12	)			(1.06	)			(1.06	)			(1.10	)			(1.14	)
Net asset value, end of period		$	50.30			$	48.94			$	46.83			$	47.40			$	48.84			$	46.98
Total return (b)			3.92	%(c)			6.98	%			1.04	%			(0.80	)%			6.38	%			4.32	%
Ratios/Supplemental Data
Net assets, end of period (000’s)	$1,883,689				$1,720,181				$1,697,602				$1,592,512				$1,418,799				$1,042,806
Ratio of expenses to average net assets			0.24	%(d)			0.24	%			0.24	%			0.24	%			0.24	%			0.24	%
Ratio of expenses to average net assets excluding interest expense			0.24	%(d)			0.24	%			0.24	%			0.24	%			0.24	%			0.24	%
Ratio of net investment income to average net assets			2.20	%(d)			2.37	%			2.24	%			2.22	%			2.32	%			2.45	%
Portfolio turnover rate (e)			6	%(c)			7	%			9	%			7	%			2	%			3	%


	AMT-Free Long Municipal Index ETF
	For the Six Months Ended October 31,				For the Year Ended April 30,
	2019				2019				2018				2017				2016				2015
	(unaudited)
Net asset value, beginning of period		$	20.40			$	19.63			$	19.63			$	20.43			$	19.60			$	18.96
Income from investment operations:
Net investment income			0.30	(a)			0.60	(a)			0.59	(a)			0.60				0.66				0.71
Net realized and unrealized gain (loss) on investments			0.67				0.77				0.01				(0.79	)			0.83				0.65
Total from investment operations			0.97				1.37				0.60				(0.19	)			1.49				1.36
Less:
Dividends from net investment income			(0.29	)			(0.60	)			(0.60	)			(0.61	)			(0.66	)			(0.72	)
Net asset value, end of period		$	21.08			$	20.40			$	19.63			$	19.63			$	20.43			$	19.60
Total return (b)			4.79	%(c)			7.15	%			3.02	%			(0.99	)%			7.80	%			7.25	%
Ratios/Supplemental Data
Net assets, end of period (000’s)	$196,083				$153,002				$154,107				$161,965				$156,292				$108,772
Ratio of expenses to average net assets			0.24	%(d)			0.24	%			0.24	%			0.24	%			0.24	%			0.24	%
Ratio of expenses to average net assets excluding interest expense			0.24	%(d)			0.24	%			0.24	%			0.24	%			0.24	%			0.24	%
Ratio of net investment income to average net assets			2.80	%(d)			3.06	%			2.96	%			2.99	%			3.36	%			3.68	%
Portfolio turnover rate (e)			24	%(c)			22	%			33	%			17	%			3	%			4	%

(a)	Calculated based upon average shares outstanding
(b)	Total return is calculated assuming an initial investment made at the net asset value at the beginning of period, reinvestment of any dividends and distributions at net asset value on the dividend/distributions payment date and a redemption at the net asset value on the last day of the period. The return does not reflect the deduction of taxes that a shareholder would pay on Fund dividends/distributions or the redemption of Fund shares.
(c)	Not Annualized
(d)	Annualized
(e)	Portfolio turnover rates exclude securities received or delivered as a result of processing in-kind capital share transactions.
#	On October 26, 2018, the Fund effected a 1 for 2 reverse share split (See Note 10). Per share data prior to October 26, 2018 has been adjusted to reflect the reverse share split.

	AMT-Free Short Municipal Index ETF
	For the Six Months Ended October 31,				For the Year Ended April 30,
	2019				2019				2018				2017				2016				2015
	(unaudited)
Net asset value, beginning of period		$	17.54			$	17.18			$	17.52			$	17.68			$	17.54			$	17.61
Income from investment operations:
Net investment income			0.14	(a)			0.27	(a)			0.22	(a)			0.20				0.20				0.20
Net realized and unrealized gain (loss) on investments			0.23				0.36				(0.34	)			(0.17	)			0.14				(0.07	)
Total from investment operations			0.37				0.63				(0.12	)			0.03				0.34				0.13
Less:
Dividends from net investment income			(0.14	)			(0.27	)			(0.22	)			(0.19	)			(0.20	)			(0.20	)
Net asset value, end of period		$	17.77			$	17.54			$	17.18			$	17.52			$	17.68			$	17.54
Total return (b)			2.10	%(c)			3.70	%			(0.70	)%			0.20	%			1.95	%			0.75	%
Ratios/Supplemental Data
Net assets, end of period (000’s)	$198,121				$200,875				$219,867				$267,138				$264,291				$274,541
Ratio of expenses to average net assets			0.20	%(d)			0.20	%			0.20	%			0.20	%			0.20	%			0.20	%
Ratio of expenses to average net assets excluding interest expense			0.20	%(d)			0.20	%			0.20	%			0.20	%			0.20	%			0.20	%
Ratio of net investment income to average net assets			1.55	%(d)			1.57	%			1.26	%			1.11	%			1.13	%			1.14	%
Portfolio turnover rate (e)			22	%(c)			33	%			41	%			12	%			3	%			2	%


	High-Yield Municipal Index ETF #
	For the Six Months Ended October 31,				For the Year Ended April 30,
	2019				2019				2018				2017				2016				2015
	(unaudited)
Net asset value, beginning of period		$	62.79			$	62.16			$	61.52			$	63.18			$	62.12			$	59.80
Income from investment operations:
Net investment income			1.35	(a)			2.67	(a)			2.72	(a)			2.68				2.96				3.08
Net realized and unrealized gain (loss) on investments			1.50				0.64				0.60				(1.64	)			0.98				2.24
Total from investment operations			2.85				3.31				3.32				1.04				3.94				5.32
Less:
Dividends from net investment income			(1.34	)			(2.68	)			(2.68	)			(2.70	)			(2.88	)			(3.00	)
Net asset value, end of period		$	64.30			$	62.79			$	62.16			$	61.52			$	63.18			$	62.12
Total return (b)			4.56	%(c)			5.46	%			5.48	%			1.69	%			6.59	%			9.08	%
Ratios/Supplemental Data
Net assets, end of period (000’s)	$3,237,248				$2,655,936				$2,436,743				$2,106,741				$1,882,555				$1,605,601
Ratio of expenses to average net assets			0.35	%(d)			0.35	%			0.35	%			0.35	%			0.35	%			0.35	%
Ratio of expenses to average net assets excluding interest expense			0.35	%(d)			0.35	%			0.35	%			0.35	%			0.35	%			0.35	%
Ratio of net investment income to average net assets			4.22	%(d)			4.31	%			4.37	%			4.36	%			4.86	%			5.19	%
Portfolio turnover rate (e)			3	%(c)			10	%			14	%			10	%			8	%			9	%

	Short High-Yield Municipal Index ETF
	For the Six Months Ended October 31,				For the Year Ended April 30,
	2019				2019				2018				2017				2016				2015
	(unaudited)
Net asset value, beginning of period		$	24.70			$	24.24			$	24.26			$	25.15			$	25.43			$	25.24
Income from investment operations:
Net investment income			0.42	(a)			0.80	(a)			0.76	(a)			0.72				0.87				0.82
Net realized and unrealized gain (loss) on investments			0.43				0.43				(0.02	)			(0.92	)			(0.34	)			0.15
Total from investment operations			0.85				1.23				0.74				(0.20	)			0.53				0.97
Less:
Dividends from net investment income			(0.41	)			(0.77	)			(0.76	)			(0.69	)			(0.81	)			(0.78	)
Net asset value, end of period		$	25.14			$	24.70			$	24.24			$	24.26			$	25.15			$	25.43
Total return (b)			3.46	%(c)			5.16	%			3.07	%			(0.81	)%			2.14	%			3.91	%
Ratios/Supplemental Data
Net assets, end of period (000’s)	$248,891				$202,545				$134,537				$114,033				$110,672				$99,171
Ratio of expenses to average net assets			0.35	%(d)			0.35	%			0.35	%			0.35	%			0.35	%			0.35	%
Ratio of expenses to average net assets excluding interest expense			0.35	%(d)			0.35	%			0.35	%			0.35	%			0.35	%			0.35	%
Ratio of net investment income to average net assets			3.35	%(d)			3.28	%			3.11	%			2.93	%			3.55	%			3.48	%
Portfolio turnover rate (e)			8	%(c)			22	%			27	%			20	%			16	%			26	%

	Municipal
	Allocation ETF
	For the Period
	May 15, 2019(a)
	through
	October 31,
	2019
	(unaudited)
Net asset value, beginning of period		$	25.00
Income from investment operations:
Net investment income (b)			0.33
Net realized and unrealized gain on investments			0.54
Total from investment operations			0.87
Less:
Dividends from net investment income			(0.27	)
Net asset value, end of period		$	25.60
Total return (c)			3.28	%(d)
Ratios/Supplemental Data
Net assets, end of period (000’s)		$	3,839
Ratio of gross expenses to average net assets (g)			3.10	%(e)
Ratio of net expenses to average net assets (g)			0.08	%(e)
Ratio of net expenses to average net assets excluding interest expense (g)			0.08	%(e)
Ratio of net investment income to average net assets (g)			2.79	%(e)
Portfolio turnover rate (f)			0	%(d)

(a)	Commencement of operations
(b)	Calculated based upon average shares outstanding
(c)	Total return is calculated assuming an initial investment made at the net asset value at the beginning of period, reinvestment of any dividends and distributions at net asset value on the dividend/distributions payment date and a redemption at the net asset value on the last day of the period. The return does not reflect the deduction of taxes that a shareholder would pay on Fund dividends/distributions or the redemption of Fund shares.
(d)	Not Annualized
(e)	Annualized
(f)	Portfolio turnover rates exclude securities received or delivered as a result of processing in-kind capital share transactions.
(g)	The ratios represented do not reflect the Fund’s proportionate share of income and expenses from the Fund’s investment in underlying funds.

Fund		Diversification Classification
AMT-Free Intermediate Municipal Index ETF (“Intermediate”)		Diversified
AMT-Free Long Municipal Index ETF (“Long”)		Diversified
AMT-Free Short Municipal Index ETF (“Short”)		Diversified
High-Yield Municipal ETF (“High-Yield”)		Diversified
Short High-Yield Municipal Index ETF (“Short High-Yield”)		Diversified
CEF Municipal Income ETF (“CEF Municipal”)		Diversified
Municipal Allocation ETF* (“Municipal Allocation”)		Non-Diversified

	market sources to determine fair value. The Pricing Committee convenes regularly to review the fair value of financial instruments or other assets. If market quotations for a security or other asset are not readily available, or if the Adviser believes it does not otherwise reflect the fair value of a security or asset, the security or asset will be fair valued by the Pricing Committee in accordance with the Funds’ valuation policies and procedures. The Pricing Committee employs various methods for calibrating the valuation approaches utilized to determine fair value, including a regular review of key inputs and assumptions, periodic comparisons to valuations provided by other independent pricing services, transactional back-testing and disposition analysis.

	Certain factors such as economic conditions, political events, market trends, the nature of and duration of any restrictions on disposition, trading in similar securities of the issuer or comparable issuers and other security specific information are used to determine the fair value of these securities. Depending on the relative significance of valuation inputs, these securities may be classified either as Level 2 or Level 3 in the fair value hierarchy. The price which the Funds may realize upon sale of an investment may differ materially from the value presented in the Schedules of Investments.

	The Funds utilize various methods to measure the fair value of their investments on a recurring basis, which includes a hierarchy that prioritizes inputs to valuation methods used to measure fair value. The fair value hierarchy gives highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels of the fair value hierarchy are described below:

	Level 1 — Quoted prices in active markets for identical securities.

	Level 2 — Significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

	Level 3 — Significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).

	A summary of the inputs and the levels used to value the Funds’ investments, are located in the Schedules of Investments. Additionally, tables that reconcile the valuation of the Funds’ Level 3 investments and that present additional information about valuation methodologies and unobservable inputs, if applicable, are located in the Schedules of Investments.

B.	Federal Income Taxes—It is each Fund’s policy to comply with the provisions of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its taxable income to its shareholders. Therefore, no federal income tax provision is required.

C.	Dividends and Distributions to Shareholders—Dividends to shareholders from net investment income, if any, are declared and paid at least monthly by each Fund. Distributions of net realized capital gains, if any, generally are declared and paid annually. Income dividends and capital gain distributions are determined in accordance with income tax regulations, which may differ from such amounts determined in accordance with GAAP.

D.	Restricted Securities—The Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities, if any, is included at the end of each Fund’s Schedule of Investments.

E.	Other—Security transactions are accounted for on trade date. Realized gains and losses are determined based on the specific identification method. Dividend income is recorded on the ex-dividend date. Interest income, including amortization of premiums and discounts, is accrued as earned. Interest income is generally not accrued on debt securities in default or upon determination that the income is not realizable.

	The character of distributions received from investment in underlying funds may be comprised of net investment income, capital gains, and return of capital. It is the Funds’ policy to estimate the character of distributions received from these investments based on historical data provided by the underlying funds if actual amounts are not available. After each calendar year end, the underlying funds report the actual tax character of these distributions.

	Differences between the estimated and actual amounts are reflected in the Funds’ records in the year in which they are reported by adjusting the related cost basis of investments, capital gains and income, as necessary.

	In the normal course of business, the Funds enter into contracts that contain a variety of general indemnifications. The Funds’ maximum exposure under these agreements is unknown as this would involve future claims that may be made against the Funds that have not yet occurred. However, the Adviser believes the risk of loss under these arrangements to be remote.

Fund	Management Fee Rate
CEF Municipal		0.40	%
Municipal Allocation		0.08

Fund	Unitary Management Fee Rate
Intermediate		0.24	%
Long		0.24
Short		0.20
High-Yield		0.35
Short High-Yield		0.35