AB Municipal Income Shares

Portfolio of Investments

July 31, 2022 (unaudited)

	Principal Amount (000)		U.S. $ Value
MUNICIPAL OBLIGATIONS – 105.1%
Long-Term Municipal Bonds – 105.1%
Alabama – 2.1%
Black Belt Energy Gas District (Goldman Sachs Group, Inc. (The)) Series 2021 4.00%, 10/01/2052	$	22,000	$	22,457,072
County of Jefferson AL Sewer Revenue Series 2013-D 6.00%, 10/01/2042		11,645		12,686,269
Infirmary Health System Special Care Facilities Financing Authority of Mobile (Infirmary Health System Obligated Group) Series 2016 5.00%, 02/01/2036		5,000		5,224,222
5.00%, 02/01/2041		5,000		5,190,747
Series 2021 4.00%, 02/01/2041		3,370		3,322,299
4.00%, 02/01/2046		9,640		9,410,130
Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/2039		5,000		5,547,163
5.00%, 02/01/2046		23,280		25,548,059
Southeast Alabama Gas Supply District (The) (Goldman Sachs Group, Inc. (The)) Series 2018-A 4.00%, 04/01/2049		13,350		13,601,712
Southeast Energy Authority A Cooperative District Series 2021-B 4.00%, 12/01/2051		15,000		15,156,654
Sumter County Industrial Development Authority/AL (Enviva, Inc.) Series 2022 6.00%, 07/15/2052		47,580		48,505,935
				166,650,262
Alaska – 0.1%
State of Alaska International Airports System Series 2016-B 5.00%, 10/01/2033		6,500		6,959,585
5.00%, 10/01/2034		2,500		2,672,639
				9,632,224
American Samoa – 0.2%
American Samoa Economic Development Authority (Territory of American Samoa) Series 2015-A 6.625%, 09/01/2035		3,235		3,522,989
Series 2018 7.125%, 09/01/2038(a)		8,315		9,812,116
				13,335,105

1

	Principal Amount (000)		U.S. $ Value
Arizona – 2.1%
Arizona Industrial Development Authority Series 2019-2 3.625%, 05/20/2033	$	15,070	$	15,416,520
Arizona Industrial Development Authority (Equitable School Revolving Fund LLC Obligated Group) Series 2021 4.00%, 11/01/2051(a)		11,325		10,145,542
Arizona Industrial Development Authority (KIPP Nashville Obligated Group) Series 2022-A 5.00%, 07/01/2047(b)		750		776,468
Arizona Industrial Development Authority (KIPP New York, Inc. Jerome Facility) Series 2021-B 4.00%, 07/01/2051		1,000		863,669
Arizona Industrial Development Authority (Legacy Cares, Inc.) Series 2020 6.75%, 07/01/2030(a)		1,500		1,569,954
7.75%, 07/01/2050(a)		33,950		36,675,866
Series 2021-A 6.00%, 07/01/2051(a)		1,425		1,352,043
Arizona Industrial Development Authority (North Carolina Central University Project) BAM Series 2019 5.00%, 06/01/2049		785		854,508
5.00%, 06/01/2054		3,500		3,794,638
Arizona Industrial Development Authority (Pinecrest Academy of Nevada) Series 2020-A 4.00%, 07/15/2030(a)		1,195		1,167,663
Arizona Industrial Development Authority (Provident Group - EMU Properties LLC) Series 2018 5.00%, 05/01/2051		1,100		914,028
City of Glendale AZ (City of Glendale AZ COP) Series 2021 2.442%, 07/01/2032(c)		5,000		4,298,664
2.542%, 07/01/2033(c)		5,000		4,241,063
2.642%, 07/01/2034(c)		6,795		5,704,981
2.742%, 07/01/2035(c)		10,000		8,259,003
2.842%, 07/01/2036(c)		13,000		10,547,768
City of Tempe AZ 2.321%, 07/01/2034(c)		10,500		8,793,144
2.421%, 07/01/2035(c)		10,325		8,500,832
Glendale Industrial Development Authority (Beatitudes Campus Obligated Group (The)) Series 2017 5.00%, 11/15/2036		1,000		987,868
Glendale Industrial Development Authority (Royal Oaks Life Care Community) Series 2016 5.00%, 05/15/2039		2,700		2,729,471

2

	Principal Amount (000)		U.S. $ Value
Industrial Development Authority of the City of Phoenix (The) (GreatHearts Arizona Obligated Group) Series 2014 5.00%, 07/01/2044	$	3,875	$	3,923,575
Industrial Development Authority of the County of Pima (The) (Edkey, Inc. Obligated Group) Series 2020 5.00%, 07/01/2049(a)		6,890		6,593,956
5.00%, 07/01/2055(a)		3,700		3,475,978
Maricopa County Industrial Development Authority (Benjamin Franklin Charter School Ltd.) Series 2018-A 6.00%, 07/01/2052(a)		19,500		21,224,629
Maricopa County Industrial Development Authority (Commercial Metals Co.) Series 2022 4.00%, 10/15/2047(a)		2,100		1,945,555
Salt Verde Financial Corp. (Citigroup, Inc.) Series 2007 5.00%, 12/01/2032		4,805		5,321,441
Tempe Industrial Development Authority (Friendship Village of Tempe) Series 2019 5.00%, 12/01/2054		1,185		1,142,620
Tempe Industrial Development Authority (Mirabella at ASU, Inc.) Series 2017-A 6.125%, 10/01/2047(a)		1,065		1,052,106
				172,273,553
Arkansas – 0.2%
Arkansas Development Finance Authority (Baptist Memorial Health Care Obligated Group) Series 2020 5.00%, 09/01/2044		16,250		16,919,279
California – 10.1%
Alameda Corridor Transportation Authority Series 2022-A 0.00%, 10/01/2048		17,000		8,923,105
0.00%, 10/01/2049		10,435		5,466,791
0.00%, 10/01/2050		7,345		3,828,603
Anaheim Public Financing Authority Series 2014-A 5.00%, 05/01/2031 (Pre-refunded/ETM)		1,460		1,543,626
ARC70 II TRUST Series 2021 4.00%, 12/01/2059		7,860		7,045,482
Bay Area Toll Authority Series 2013-S 5.00%, 04/01/2027 (Pre-refunded/ETM)		1,000		1,023,017

3

	Principal Amount (000)		U.S. $ Value
California Community Housing Agency (California Community Housing Agency Aster Apartments) Series 2021-A 4.00%, 02/01/2056(a)	$	23,800	$	21,944,236
California Community Housing Agency (California Community Housing Agency Brio Apartments & Next on Lex Apartments) Series 2021 4.00%, 02/01/2056(a)		35,100		32,651,652
California Community Housing Agency (California Community Housing Agency Fountains at Emerald Park) Series 2021 3.00%, 08/01/2056(a)		16,000		12,068,352
4.00%, 08/01/2046(a)		7,675		6,301,828
California Community Housing Agency (California Community Housing Agency Summit at Sausalito Apartments) Series 2021 3.00%, 02/01/2057(a)		6,530		4,915,212
California Community Housing Agency (California Community Housing Agency Twin Creek Apartments) Series 2022 Zero Coupon, 08/01/2065(a)		119,980		8,106,581
5.50%, 02/01/2040(a)		4,875		4,588,001
Series 2022-A 4.50%, 08/01/2052(a)		21,280		19,573,810
California Educational Facilities Authority (Chapman University) Series 2015 5.00%, 04/01/2033		4,005		4,227,362
5.00%, 04/01/2034		4,205		4,431,640
California Educational Facilities Authority (Loma Linda University) Series 2017-A 5.00%, 04/01/2031		1,000		1,102,822
5.00%, 04/01/2042		1,000		1,076,453
California Enterprise Development Authority (Rocketship Education Obligated Group) Series 2022 4.00%, 06/01/2042(a)		5,000		4,462,237
California Health Facilities Financing Authority (Cedars-Sinai Medical Center Obligated Group) Series 2021 4.00%, 08/15/2040		10,000		10,204,438
California Health Facilities Financing Authority (Children’s Hospital Los Angeles) Series 2017-A 5.00%, 08/15/2037		1,700		1,789,581
California Health Facilities Financing Authority (CommonSpirit Health) Series 2020-A 4.00%, 04/01/2044		12,500		12,376,866
California Housing Finance Agency Series 2019-2, Class A 4.00%, 03/20/2033		14,732		14,960,275

4

	Principal Amount (000)		U.S. $ Value
Series 2021-1, Class A 3.50%, 11/20/2035	$	9,331	$	9,027,138
Series 2021-2 0.823%, 03/25/2035		23,000		1,377,753
Series 2021-3, Class A 3.25%, 08/20/2036		7,079		6,687,604
California Infrastructure & Economic Development Bank (Equitable School Revolving Fund LLC Obligated Group) Series 2020-B 4.00%, 11/01/2045		850		824,646
4.00%, 11/01/2050		860		821,653
California Municipal Finance Authority (CHF-Riverside II LLC) Series 2019 5.00%, 05/15/2039		2,030		2,141,332
5.00%, 05/15/2040		1,000		1,052,913
California Municipal Finance Authority (Goodwill Industries of Sacramento Valley & Northern Nevada, Inc.) Series 2012-A 6.625%, 01/01/2032(a)		960		960,175
Series 2014 5.00%, 01/01/2035		1,085		963,865
California Municipal Finance Authority (LAX Integrated Express Solutions LLC) Series 2018 5.00%, 12/31/2043		3,625		3,779,495
AGM Series 2018 4.00%, 12/31/2047		3,000		2,965,067
California Municipal Finance Authority (Partnerships to Uplift Communities Lakeview Terrace and Los Angeles Project) Series 2012-A 5.30%, 08/01/2047		1,025		1,024,916
California Pollution Control Financing Authority (Poseidon Resources Channelside LP) Series 2012 5.00%, 11/21/2045(a)		4,675		4,688,320
California Pollution Control Financing Authority (Rialto Bioenergy Facility LLC) Series 2019 7.50%, 12/01/2040(a)		785		553,437
California Public Finance Authority (Enso Village) Series 2021 2.125%, 11/15/2027(a)		2,500		2,367,859
2.375%, 11/15/2028(a)		3,000		2,815,821
California School Finance Authority (Classical Academy Obligated Group) Series 2022 5.00%, 10/01/2052(a)		1,000		1,031,459
5.00%, 10/01/2061(a)		1,500		1,528,878
California School Finance Authority (Equitas Academy Obligated Group) Series 2018-A 5.00%, 06/01/2056(a)		8,850		8,860,670

5

	Principal Amount (000)		U.S. $ Value
California School Finance Authority (Partnerships to Uplift Communities Valley Project) Series 2014-A 6.40%, 08/01/2034(a)	$	3,000	$	3,097,009
California State University 2.719%, 11/01/2052(c)		5,000		3,795,417
Series 2021-B 2.374%, 11/01/2035(c)		10,000		8,195,421
California Statewide Communities Development Authority Series 2012-A 6.00%, 10/01/2047 (Pre-refunded/ETM)		250		251,874
California Statewide Communities Development Authority (CHF-Irvine LLC) BAM Series 2021 3.00%, 05/15/2051		13,000		10,749,921
California Statewide Communities Development Authority (Loma Linda University Medical Center) Series 2016-A 5.00%, 12/01/2041(a)		6,160		6,216,355
5.25%, 12/01/2056(a)		12,590		12,724,638
Series 2018 5.25%, 12/01/2038(a)		1,000		1,032,753
5.25%, 12/01/2048(a)		6,440		6,508,361
Series 2018-A 5.00%, 12/01/2033(a)		1,350		1,393,743
5.50%, 12/01/2058(a)		17,615		18,065,042
California Statewide Communities Development Authority (Moldaw Residences) Series 2014-A 5.25%, 11/01/2044(a)		1,200		1,169,171
5.375%, 11/01/2049(a)		1,000		982,364
California Statewide Communities Development Authority (NCCD-Hooper Street LLC) Series 2019 5.25%, 07/01/2049(a)		1,125		1,070,532
City of Los Angeles Department of Airports 5.00%, 05/15/2044(c)		15,415		16,695,046
Series 2020-C 5.00%, 05/15/2036(c)		20,000		22,028,014
City of Roseville CA (HP Campus Oaks Community Facilities District No. 1) Series 2016 5.50%, 09/01/2046		850		905,077
City of Vernon CA Electric System Revenue Series 2022-2 5.00%, 08/01/2039		425		465,017
5.00%, 08/01/2040		375		409,165
5.00%, 08/01/2041		420		456,344

6

	Principal Amount (000)		U.S. $ Value
CMFA Special Finance Agency Series 2022-A 4.00%, 08/01/2058(a)	$	15,000	$	12,794,394
CMFA Special Finance Agency (CMFA Special Finance Agency Latitude33) Series 2021-A 3.00%, 12/01/2056(a)		4,000		2,789,038
CMFA Special Finance Agency (CMFA Special Finance Agency Solana at Grand) Series 2021-A 4.00%, 08/01/2056(a)		8,650		7,971,172
CMFA Special Finance Agency VIII Elan Huntington Beach Series 2021 3.00%, 08/01/2056(a)		3,450		2,602,238
4.00%, 08/01/2047(a)		4,000		3,241,406
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority 1818 Platinum Triangle-Anaheim) Series 2021 3.25%, 04/01/2057(a)		3,890		2,918,778
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority 777 Place-Pomona) Series 2021 3.25%, 05/01/2057(a)		11,150		8,425,287
4.00%, 05/01/2057(a)		15,550		11,606,509
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Acacia on Santa Rosa Creek) Series 2021 4.00%, 10/01/2056(a)		10,130		9,332,869
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Altana Apartments) Series 2021 4.00%, 10/01/2056(a)		15,200		12,680,998
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Crescent) Series 2022 4.30%, 07/01/2059(a)		11,400		10,026,741
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Jefferson Platinum Triangle Apartments) Series 2021-A2 3.125%, 08/01/2056(a)		7,025		5,318,337
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Millennium South Bay-Hawthorne) Series 2021 3.25%, 07/01/2056(a)		13,380		9,821,861
4.00%, 07/01/2058(a)		6,000		4,419,239

7

	Principal Amount (000)		U.S. $ Value
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Oceanaire Apartments) Series 2021 4.00%, 09/01/2056(a)	$	5,000	$	4,251,442
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Park Crossing Apartments) Series 2021 3.25%, 12/01/2058(a)		12,700		9,075,956
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Pasadena Portfolio) Series 2021 3.00%, 12/01/2056(a)		15,430		11,621,766
4.00%, 12/01/2056(a)		2,400		1,934,574
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Theo Apartments) Series 2021 4.00%, 05/01/2057(a)		5,400		4,037,075
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Union South Bay) Series 2021-A2 4.00%, 07/01/2056(a)		27,100		21,723,306
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Vineyard Gardens Apartments) Series 2021 3.25%, 10/01/2058(a)		1,000		739,236
4.00%, 10/01/2048(a)		2,000		1,533,752
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Waterscape Apartments) Series 2021-A 3.00%, 09/01/2056(a)		7,905		6,087,295
Golden State Tobacco Securitization Corp. 2.746%, 06/01/2034(c)		14,780		13,021,085
3.293%, 06/01/2042(c)		6,850		5,696,107
Series 2021 3.115%, 06/01/2038(c)		29,325		24,556,585
3.85%, 06/01/2050		22,000		20,298,771
Hastings Campus Housing Finance Authority Series 2020-A 5.00%, 07/01/2045(a)		2,530		2,573,870
5.00%, 07/01/2061(a)		34,935		35,092,138
Los Angeles Department of Water & Power Water System Revenue Series 2021-C 5.00%, 07/01/2040		10,530		12,138,746
M-S-R Energy Authority (Citigroup, Inc.) Series 2009-B 6.50%, 11/01/2039		17,685		22,372,581

8

	Principal Amount (000)		U.S. $ Value
Oakland Unified School District/Alameda County Series 2015-A 5.00%, 08/01/2030	$	1,275	$	1,378,842
5.00%, 08/01/2034 (Pre-refunded/ETM)		1,440		1,579,328
5.00%, 08/01/2040 (Pre-refunded/ETM)		3,500		3,838,644
Palomar Health (Palomar Health Obligated Group) Series 2016 5.00%, 11/01/2039		3,990		4,174,974
Series 2017 5.00%, 11/01/2042		3,375		3,531,426
River Islands Public Financing Authority (River Islands Public Financing Authority Community Facilities District No 2003-1) Series 2022 5.75%, 09/01/2052		1,600		1,589,018
Riverside County Transportation Commission Series 2021 4.00%, 06/01/2040		3,875		3,929,250
Sacramento County Water Financing Authority (Sacramento County Water Agency) NATL Series 2007-B 1.629% (LIBOR 3 Month + 0.57%), 06/01/2039(d)		33,680		30,020,570
San Diego County Regional Airport Authority Series 2021-B 4.00%, 07/01/2046		5,000		4,908,444
4.00%, 07/01/2051		10,000		9,707,363
San Diego Unified School District/CA Series 2021-N 4.00%, 07/01/2046		5,000		5,090,678
San Francisco City & County Airport Comm 3.053%, 05/01/2034(c)		3,500		3,155,618
3.183%, 05/01/2035(c)		5,500		4,957,975
3.333%, 05/01/2037(c)		2,250		2,010,370
Series 2020-E 5.00%, 05/01/2038(c)		11,000		12,070,068
San Francisco City & County Redevelopment Agency Successor Agency (Mission Bay South Public Imp) Series 2013-A 5.00%, 08/01/2031		1,000		1,001,320
San Francisco Intl Airport Series 2020-E 5.00%, 05/01/2037(c)		8,525		9,380,294
Series 2022-A 5.00%, 05/01/2052		14,000		15,228,399
San Joaquin Hills Transportation Corridor Agency Series 2014-B 5.25%, 01/15/2044		1,000		1,036,516
Series 2021-A 4.00%, 01/15/2044		1,429		1,427,231
Southern California Logistics Airport Authority XLCA Series 2006 5.00%, 12/01/2036		100		102,661
5.00%, 12/01/2043		1,585		1,627,177

9

	Principal Amount (000)		U.S. $ Value
State of California Series 2021 4.00%, 10/01/2035	$	5,750	$	6,204,563
4.00%, 10/01/2036		13,625		14,637,452
Tobacco Securitization Authority of Northern California (Sacramento County Tobacco Securitization Corp.) Series 2021 Zero Coupon, 06/01/2060		5,050		887,280
Tobacco Securitization Authority of Southern California Series 2019 Zero Coupon, 06/01/2054		10,480		1,912,450
5.00%, 06/01/2039		1,555		1,679,197
				810,066,495
Colorado – 3.0%
Aurora Highlands Community Authority Board Series 2021-A 5.75%, 12/01/2051		15,000		14,383,380
Centerra Metropolitan District No. 1 Series 2017 5.00%, 12/01/2037(a)		5,000		5,038,783
City & County of Denver CO (United Airlines, Inc.) Series 2017 5.00%, 10/01/2032		645		650,123
City & County of Denver CO. Airport System Revenue Series 2022-A 4.125%, 11/15/2047		14,750		14,849,226
4.125%, 11/15/2053		9,000		8,932,085
City & County of Denver CO. Airport System Revenue (Denver Intl Airport) Series 2018-A 5.00%, 12/01/2031		7,180		7,993,746
Colorado Educational & Cultural Facilities Authority (Vega Collegiate Academy) Series 2021 5.00%, 02/01/2051(a)		1,700		1,562,382
5.00%, 02/01/2061(a)		1,435		1,285,134
Colorado Health Facilities Authority (Aberdeen Ridge, Inc. Obligated Group) Series 2021-A 5.00%, 05/15/2049		1,300		1,172,376
5.00%, 05/15/2058		3,000		2,599,230
Series 2021-B 2.125%, 05/15/2028		1,500		1,433,042
Colorado Health Facilities Authority (CommonSpirit Health) Series 2019-A 4.00%, 08/01/2037		1,695		1,709,539
4.00%, 08/01/2038		6,600		6,639,346
5.00%, 08/01/2044(c)		60,345		79,036,906

10

	Principal Amount (000)		U.S. $ Value
Colorado Health Facilities Authority (Frasier Meadows Manor, Inc. Obligated Group) Series 2023-2 4.00%, 05/15/2048(b)	$	2,100	$	1,734,973
Colorado Health Facilities Authority (Intermountain Healthcare Obligated Group) Series 2022 5.00%, 05/15/2047(b)		20,000		22,477,676
Colorado Health Facilities Authority (Parkview Medical Center, Inc. Obligated Group) Series 2015-B 5.00%, 09/01/2030		1,150		1,210,415
Colorado Health Facilities Authority (Sanford Obligated Group) Series 2019-A 5.00%, 11/01/2049		7,050		7,618,710
Copper Ridge Metropolitan District Series 2019 5.00%, 12/01/2039		2,345		2,295,411
5.00%, 12/01/2043		1,315		1,256,771
Douglas County Housing Partnership (Bridgewater Castle Rock ALF LLC) Series 2021 5.375%, 01/01/2041(a)		19,590		15,904,492
Johnstown Plaza Metropolitan District Series 2022 4.25%, 12/01/2046		10,000		8,899,378
Longs Peak Metropolitan District Series 2021 5.25%, 12/01/2051(a)		5,000		4,459,538
Plaza Metropolitan District No. 1 Series 2013 5.00%, 12/01/2040(a)		1,500		1,500,586
Pueblo Urban Renewal Authority Series 2021 4.75%, 12/01/2045(a)		8,010		7,608,154
Regional Transportation District (Denver Transit Partners LLC) Series 2020 4.00%, 07/15/2034		1,000		1,019,543
4.00%, 07/15/2035		1,180		1,199,819
5.00%, 01/15/2032		2,300		2,558,199
Riverwalk Metropolitan District No. 2 Series 2022-A 5.00%, 12/01/2042		4,000		3,808,678
5.00%, 12/01/2052		1,500		1,383,609
STC Metropolitan District No. 2 Series 2019-A 5.00%, 12/01/2038		940		940,845
5.00%, 12/01/2049		1,000		997,579
Sterling Ranch Community Authority Board (Sterling Ranch Colorado Metropolitan District No. 2) Series 2020-A 4.25%, 12/01/2050		2,250		1,958,827
Sterling Ranch Community Authority Board (Sterling Ranch Metropolitan District No. 3) Series 2017-A 5.00%, 12/01/2038		1,000		1,007,143
5.00%, 12/01/2047		1,000		1,000,806

11

	Principal Amount (000)		U.S. $ Value
Vauxmont Metropolitan District AGM Series 2019 3.25%, 12/15/2050	$	772	$	662,784
AGM Series 2020 5.00%, 12/01/2033		370		424,560
5.00%, 12/01/2050		435		482,395
				239,696,189
Connecticut – 2.1%
City of New Haven CT AGM Series 2019-A 5.00%, 08/01/2039		1,650		1,854,008
Connecticut State Health & Educational Facilities Authority (Hartford HealthCare Obligated Group) Series 2020-A 4.00%, 07/01/2036		1,000		1,007,884
4.00%, 07/01/2037		1,200		1,206,942
Connecticut State Health & Educational Facilities Authority (Quinnipiac University) Series 2015-L 5.00%, 07/01/2045		5,750		5,912,550
Connecticut State Health & Educational Facilities Authority (Sacred Heart University, Inc.) Series 2017-I1 5.00%, 07/01/2035		1,000		1,079,593
5.00%, 07/01/2037		1,095		1,175,744
Connecticut State Health & Educational Facilities Authority (Seabury Retirement Community) Series 2016-A 5.00%, 09/01/2046(a)		1,000		1,004,351
5.00%, 09/01/2053(a)		1,475		1,477,094
Connecticut State Health & Educational Facilities Authority (University of Hartford (The)) Series 2019 4.00%, 07/01/2044		10,710		9,256,757
4.00%, 07/01/2049		7,325		6,134,317
5.00%, 07/01/2033		470		486,671
5.00%, 07/01/2034		295		304,095
Connecticut State Health & Educational Facilities Authority (University of New Haven, Inc.) Series 2018 5.00%, 07/01/2034		1,000		1,032,699
Series 2018-K1 5.00%, 07/01/2028		765		811,981
5.00%, 07/01/2035		1,055		1,087,360
5.00%, 07/01/2036		2,205		2,267,806
5.00%, 07/01/2037		1,085		1,112,347
5.00%, 07/01/2038		1,980		2,025,482
State of Connecticut Series 2013-E 5.00%, 08/15/2031(c)		1,000		1,031,016

12

	Principal Amount (000)		U.S. $ Value
Series 2015-F 5.00%, 11/15/2032	$	2,875	$	3,120,877
Series 2016-A 5.00%, 03/15/2032		8,165		8,861,842
Series 2016-E 5.00%, 10/15/2028(c)		5,000		5,569,556
5.00%, 10/15/2029(c)		3,250		3,605,139
5.00%, 10/15/2034(c)		4,595		4,995,257
Series 2016-F 5.00%, 10/15/2031(c)		10,205		11,241,732
Series 2017-A 5.00%, 04/15/2029(c)		5,285		5,933,746
5.00%, 04/15/2032(c)		6,700		7,431,444
5.00%, 04/15/2033(c)		10,985		12,117,187
5.00%, 04/15/2034(c)		4,855		5,330,396
Series 2018-A 5.00%, 04/15/2034		5,430		6,069,260
5.00%, 04/15/2037		2,500		2,776,942
Series 2018-C 5.00%, 06/15/2031		1,325		1,511,116
5.00%, 06/15/2032		1,775		2,012,354
5.00%, 06/15/2033		1,250		1,407,529
5.00%, 06/15/2034		1,100		1,232,412
5.00%, 06/15/2035		1,040		1,162,840
5.00%, 06/15/2038		1,000		1,111,314
Series 2018-E 5.00%, 09/15/2037		1,035		1,157,335
Series 2020-A 5.00%, 01/15/2040		8,300		9,317,912
Series 2020-C 4.00%, 06/01/2035		1,525		1,590,863
4.00%, 06/01/2037		1,000		1,032,578
4.00%, 06/01/2038		1,250		1,289,637
Series 2022-A 3.875%, 06/15/2028		5,150		5,272,755
3.975%, 06/15/2029		5,000		5,134,917
4.06%, 06/15/2030		5,000		5,150,471
4.11%, 06/15/2031		5,000		5,151,409
State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 01/01/2031		5,000		5,063,245
Series 2020 5.00%, 05/01/2038		2,780		3,142,849
5.00%, 05/01/2040		1,750		1,974,629
				171,038,240
Delaware – 0.1%
Delaware River & Bay Authority Series 2021 4.00%, 01/01/2042		550		562,526
Series 2022 5.00%, 01/01/2027(b)		1,490		1,655,407
5.00%, 01/01/2028(b)		1,405		1,582,127
5.00%, 01/01/2030(b)		825		951,476
5.00%, 01/01/2038(b)		425		485,684
5.00%, 01/01/2041(b)		1,940		2,198,357

13

	Principal Amount (000)		U.S. $ Value
Delaware State Economic Development Authority Series 2014 5.00%, 09/01/2044 (Pre-refunded/ETM)	$	1,125	$	1,196,818
5.00%, 09/01/2049 (Pre-refunded/ETM)		1,315		1,398,948
Delaware State Economic Development Authority (Newark Charter School, Inc.) Series 2020 5.00%, 09/01/2050		1,125		1,171,765
				11,203,108
District of Columbia – 0.6%
District of Columbia Series 2012 5.00%, 06/01/2042 (Pre-refunded/ETM)		1,420		1,436,129
District of Columbia (Friendship Public Charter School, Inc.) Series 2016-A 5.00%, 06/01/2041		735		753,885
5.00%, 06/01/2046		1,165		1,190,110
District of Columbia (KIPP DC Obligated Group) Series 2017-A 5.00%, 07/01/2042		3,230		3,385,662
5.00%, 07/01/2048		5,350		5,566,663
Series 2017-B 5.00%, 07/01/2037		1,465		1,550,326
District of Columbia (Rocketship DC Obligated Group) Series 2021 5.00%, 06/01/2051(a)		1,000		1,017,460
5.00%, 06/01/2061(a)		1,000		1,008,567
District of Columbia Tobacco Settlement Financing Corp. Series 2006 Zero Coupon, 06/15/2055		182,000		16,721,750
Metropolitan Washington Airports Authority Aviation Revenue Series 2018-A 5.00%, 10/01/2048		7,400		7,956,686
Series 2020-A 4.00%, 10/01/2035		1,750		1,781,350
4.00%, 10/01/2039		2,000		2,008,773
				44,377,361
Florida – 6.5%
Alachua County Health Facilities Authority Series 2012-A 8.00%, 10/01/2046 (Pre-refunded/ETM)		435		448,176
Alachua County Health Facilities Authority (Shands Teaching Hospital & Clinics Obligated Group) Series 2014-A 5.00%, 12/01/2044		1,000		1,034,411

14

	Principal Amount (000)		U.S. $ Value
Align Affordable Housing Bond Fund LP (SHI - Lake Worth LLC) Series 2021 3.25%, 12/01/2051(a)	$	26,000	$	19,070,412
Bexley Community Development District Series 2016 4.875%, 05/01/2047		985		989,876
Cape Coral Health Facilities Authority (Gulf Care, Inc. Obligated Group) Series 2015 5.875%, 07/01/2040(a)		1,400		1,400,841
6.00%, 07/01/2045(a)		1,215		1,215,886
6.00%, 07/01/2050(a)		2,895		2,887,036
Capital Projects Finance Authority/FL (CAPFA Capital Corp. 2000F) Series 2020-A 5.00%, 10/01/2026		2,000		2,099,384
5.00%, 10/01/2029		1,650		1,751,809
5.00%, 10/01/2032		1,000		1,048,410
5.00%, 10/01/2033		1,050		1,099,357
Capital Trust Agency, Inc. (Aviva Senior Life) Series 2017 5.00%, 07/01/2046(a)		1,300		1,143,445
Capital Trust Agency, Inc. (Educational Growth Fund LLC) Series 2021 5.00%, 07/01/2056(a)		18,150		17,840,550
Capital Trust Agency, Inc. (Team Success A School of Excellence, Inc.) Series 2020 5.00%, 06/01/2045(a)		1,615		1,500,693
5.00%, 06/01/2055(a)		2,250		2,032,531
Series 2022 5.50%, 06/01/2057(a)		3,000		2,733,030
City of Jacksonville FL (Genesis Health, Inc. Obligated Group) Series 2020 4.00%, 11/01/2039		1,650		1,638,528
4.00%, 11/01/2040		2,175		2,144,386
4.00%, 11/01/2045		7,500		7,321,916
5.00%, 11/01/2050		8,230		8,614,671
City of Lakeland FL (Lakeland Regional Health Systems Obligated Group) Series 2015 5.00%, 11/15/2040		5,610		5,761,800
City of Palmetto FL (Renaissance Arts and Education, Inc.) Series 2022 5.25%, 06/01/2052		2,955		3,000,623
5.375%, 06/01/2057		1,000		1,016,974
5.625%, 06/01/2062		3,465		3,556,648
City of South Miami Health Facilities Authority, Inc. (Baptist Health South Florida Obligated Group) Series 2017 5.00%, 08/15/2037(c)		8,405		9,039,072
5.00%, 08/15/2047(c)		6,125		6,472,207

15

	Principal Amount (000)		U.S. $ Value
City of Tallahassee FL (Tallahassee Memorial HealthCare, Inc.) Series 2015-A 5.00%, 12/01/2044	$	1,200	$	1,233,738
Series 2016 5.00%, 12/01/2055		3,535		3,620,950
City of Tampa FL (State of Florida Cigarette Tax Revenue) Series 2020-A Zero Coupon, 09/01/2036		700		407,353
Zero Coupon, 09/01/2037		700		386,992
Zero Coupon, 09/01/2040		980		467,881
Zero Coupon, 09/01/2041		1,000		450,409
Zero Coupon, 09/01/2045		1,850		660,594
Zero Coupon, 09/01/2049		1,350		388,888
County of Broward FL Airport System Revenue Series 2019-A 4.00%, 10/01/2044		12,170		11,978,483
5.00%, 10/01/2038		3,095		3,407,000
5.00%, 10/01/2044		3,000		3,261,312
County of Broward FL Airport System Revenue (Fort Lauderdale Hollywood Intl Airport) Series 2017 5.00%, 10/01/2042		5,000		5,356,057
5.00%, 10/01/2047		2,880		3,066,392
County of Lake FL (Waterman Communities, Inc.) Series 2020 5.75%, 08/15/2050		5,000		4,884,251
5.75%, 08/15/2055		3,905		3,754,431
County of Miami-Dade FL Aviation Revenue Series 2014-A 5.00%, 10/01/2033(c)		10,000		10,404,060
Series 2015-A 5.00%, 10/01/2031		1,100		1,166,966
Series 2017-B 5.00%, 10/01/2040		9,025		9,510,171
County of Miami-Dade Seaport Department Series 2021-B 4.00%, 10/01/2046		5,000		4,911,198
4.00%, 10/01/2050		15,000		14,573,319
County of Osceola FL Transportation Revenue Series 2020-A Zero Coupon, 10/01/2035		1,000		561,271
Zero Coupon, 10/01/2036		860		458,600
Zero Coupon, 10/01/2037		1,390		705,566
Zero Coupon, 10/01/2038		1,185		571,407
Zero Coupon, 10/01/2039		1,610		735,482
County of Palm Beach FL (Provident Group-PBAU Properties LLC) Series 2019 5.00%, 04/01/2039(a)		1,000		991,009
5.00%, 04/01/2051(a)		3,030		2,879,452
Florida Development Finance Corp. Series 2022-A 5.00%, 06/15/2047		2,310		2,391,144

16

	Principal Amount (000)		U.S. $ Value
Florida Development Finance Corp. (Brightline Trains Florida LLC) Series 2020 7.375%, 01/01/2049(a)	$	4,000	$	3,996,386
Florida Development Finance Corp. (IDEA Florida, Inc.) Series 2022 5.25%, 06/15/2029(a)		1,030		1,036,082
Florida Development Finance Corp. (Mater Academy, Inc.) Series 2020-A 5.00%, 06/15/2040		1,650		1,722,925
5.00%, 06/15/2050		3,500		3,616,839
5.00%, 06/15/2055		3,000		3,083,519
Florida Development Finance Corp. (Mayflower Retirement Center, Inc. Obligated Group) Series 2020 5.25%, 06/01/2050(a)		5,000		5,060,429
5.25%, 06/01/2055(a)		5,500		5,548,776
Series 2021 4.00%, 06/01/2041(a)		830		701,512
Florida Development Finance Corp. (River City Education Obligated Group) Series 2022 5.00%, 07/01/2042		435		450,450
5.00%, 07/01/2042(b)		460		453,159
5.00%, 07/01/2051		395		404,444
5.00%, 07/01/2051(b)		650		625,545
5.00%, 02/01/2057		575		582,239
5.00%, 07/01/2057(b)		680		637,724
Florida Higher Educational Facilities Financial Authority (Florida Institute of Technology, Inc.) Series 2019 4.00%, 10/01/2037		1,000		964,738
Florida Higher Educational Facilities Financial Authority (Ringling College of Art and Design, Inc.) Series 2017 5.00%, 03/01/2032		265		277,397
5.00%, 03/01/2034		2,395		2,489,447
Series 2019 5.00%, 03/01/2044		1,065		1,098,762
5.00%, 03/01/2049		8,425		8,653,145
Florida Municipal Power Agency (Florida Municipal Power Agency All-Requirements Power Supply Project Revenue) Series 2021 1.425%, 10/01/2026		2,700		2,484,185
Greater Orlando Aviation Authority 5.00%, 10/01/2034(c)		2,000		2,221,104
5.00%, 10/01/2044(c)		13,000		14,132,352
Series 2017-A 5.00%, 10/01/2031(c)		8,700		9,522,605
5.00%, 10/01/2032(c)		3,000		3,273,906
5.00%, 10/01/2034(c)		4,300		4,666,254

17

	Principal Amount (000)		U.S. $ Value
5.00%, 10/01/2035(c)	$	7,000	$	7,583,714
5.00%, 10/01/2036(c)		8,000		8,654,103
Series 2019-A 5.00%, 10/01/2036(c)		5,000		5,529,556
5.00%, 10/01/2049(c)		4,500		4,865,267
5.00%, 10/01/2054(c)		4,000		4,314,476
Series 2022-A 4.00%, 10/01/2052		15,000		14,874,339
Highlands County Health Facilities Authority (Trousdale Foundation Obligated Group) Series 2018 6.00%, 04/01/2038(e) (f)		1,530		575,280
6.25%, 04/01/2049(e) (f)		1,820		684,320
Lakewood Ranch Stewardship District Series 2018 5.30%, 05/01/2039		1,000		1,025,554
5.45%, 05/01/2048		1,525		1,556,834
Lee County Industrial Development Authority/FL (Cypress Cove at Healthpark Florida Obligated Group) Series 2022 5.25%, 10/01/2052		1,350		1,347,868
5.25%, 10/01/2057		3,650		3,586,475
Manatee County School District (Manatee County School District Sales Tax) AGM Series 2017 5.00%, 10/01/2030		2,700		3,034,369
Marshall Creek Community Development District (Marshall Creek Community Development District 2015A) Series 2015-A 5.00%, 05/01/2032		1,395		1,408,603
Martin County Health Facilities Authority (Cleveland Clinic Health System Obligated Group) Series 2019 4.00%, 01/01/2046		4,000		3,981,247
Miami Beach Health Facilities Authority Series 2012 5.00%, 11/15/2029 (Pre-refunded/ETM)		2,885		2,914,338
Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/2039		2,000		2,054,347
Miami-Dade County Expressway Authority Series 2014-A 5.00%, 07/01/2034		4,000		4,174,180
Miami-Dade County Industrial Development Authority (AcadeMir Charter School Middle & Preparatory Academy Obligated Group) Series 2022 5.00%, 07/01/2037(a)		525		519,000
5.25%, 07/01/2042(a)		770		759,671
5.25%, 07/01/2052(a)		1,715		1,655,996
5.50%, 07/01/2061(a)		1,185		1,146,227

18

	Principal Amount (000)		U.S. $ Value
Mid-Bay Bridge Authority Series 2015-A 5.00%, 10/01/2028	$	1,600	$	1,691,554
5.00%, 10/01/2040		2,000		2,067,118
Series 2015-C 5.00%, 10/01/2035		1,750		1,812,872
5.00%, 10/01/2040		1,000		1,029,052
North Broward Hospital District Series 2017-B 5.00%, 01/01/2037		4,070		4,278,574
5.00%, 01/01/2048		17,520		17,990,132
Orange County Health Facilities Authority (Presbyterian Retirement Communities, Inc. Obligated Group) Series 2023 4.00%, 08/01/2042(b)		5,750		5,270,623
Palm Beach County Educational Facilities Authority (Palm Beach Atlantic University Obligated Group) Series 2021 4.00%, 10/01/2041		1,030		998,510
4.00%, 10/01/2051		4,330		4,023,216
Palm Beach County Health Facilities Authority (ACTS Retirement-Life Communities, Inc. Obligated Group) Series 2020-B 5.00%, 11/15/2042		1,000		1,077,993
Palm Beach County Health Facilities Authority (Federation CCRC Operations Corp. Obligated Group) Series 2020 2.625%, 06/01/2025		2,045		1,965,625
5.00%, 06/01/2055		2,880		2,907,344
Series 2022 4.25%, 06/01/2056		4,825		4,084,957
Palm Beach County Health Facilities Authority (Jupiter Medical Center Obligated Group) Series 2022 5.00%, 11/01/2038		400		428,058
5.00%, 11/01/2039		685		729,855
5.00%, 11/01/2040		650		689,493
5.00%, 11/01/2041		2,330		2,461,071
5.00%, 11/01/2042		500		527,015
5.00%, 11/01/2047		9,935		10,360,277
5.00%, 11/01/2052		15,630		16,228,315
Pinellas County Industrial Development Authority Series 2019 5.00%, 07/01/2039		1,955		2,011,283
Polk County Industrial Development Authority (Mineral Development LLC) Series 2020 5.875%, 01/01/2033(a)		4,000		4,237,909
St. Johns County Industrial Development Authority (Presbyterian Retirement Communities, Inc. Obligated Group) Series 2020 4.00%, 08/01/2055		5,300		5,342,748
Tampa Florida Hospitals 5.00%, 07/01/2050(c)		18,325		19,655,952

19

	Principal Amount (000)		U.S. $ Value
Town of Davie FL Series 2013-A 5.625%, 04/01/2043 (Pre-refunded/ETM)	$	3,765	$	3,866,883
Town of Davie FL (Nova Southeastern University, Inc.) Series 2018 5.00%, 04/01/2048		24,650		26,290,660
Village Community Development District No. 13 Series 2019 3.00%, 05/01/2029		970		915,298
3.375%, 05/01/2034		1,455		1,334,301
3.55%, 05/01/2039		2,535		2,282,462
3.70%, 05/01/2050		9,680		8,222,521
Series 2020 3.50%, 05/01/2051(a)		4,955		4,018,245
Village Community Development District No. 14 Series 2022 5.50%, 05/01/2053		4,000		4,134,611
Volusia County School Board (Volusia County School Board COP) Series 2014-B 5.00%, 08/01/2031		1,625		1,712,101
				518,643,364
Georgia – 2.2%
Cedartown Polk County Hospital Authority Series 2016 5.00%, 07/01/2039 (Pre-refunded/ETM)		4,000		4,458,503
City of Atlanta GA Department of Aviation Series 2014-A 5.00%, 01/01/2033		1,820		1,885,310
Series 2021-C 4.00%, 07/01/2040		2,305		2,316,759
Series 2022-B 5.00%, 07/01/2047		12,430		13,648,082
5.00%, 07/01/2052		20,000		21,848,804
Clarke County Hospital Authority (Piedmont Healthcare, Inc. Obligated Group) Series 2016 5.00%, 07/01/2031		2,500		2,722,693
Development Authority for Fulton County (Piedmont Healthcare, Inc. Obligated Group) Series 2016-A 5.00%, 07/01/2032		2,000		2,170,040
Development Authority of Gwinnett County (Board of Regents of the University System of Georgia Lease) Series 2017-A 5.00%, 07/01/2032(c)		1,205		1,327,871
5.00%, 07/01/2033(c)		2,370		2,597,631
5.00%, 07/01/2035(c)		4,945		5,385,487
5.00%, 07/01/2037(c)		2,335		2,529,184
Fayette County Hospital Authority/GA (Piedmont Healthcare, Inc. Obligated Group) Series 2016 5.00%, 07/01/2034		1,620		1,747,722

20

	Principal Amount (000)		U.S. $ Value
5.00%, 07/01/2035	$	6,355	$	6,839,300
5.00%, 07/01/2036		2,735		2,936,955
George L Smith II Congress Center Authority (Signia Hotel Management LLC) Series 2021 4.00%, 01/01/2054		1,485		1,338,106
Glynn-Brunswick Memorial Hospital Authority (Southeast Georgia Health System Obligated Group) Series 2017 5.00%, 08/01/2043		2,680		2,752,869
5.00%, 08/01/2047		10,000		10,233,297
Main Street Natural Gas, Inc. (Citadel LP) Series 2022-C 4.00%, 08/01/2052(a)		15,500		15,370,333
Main Street Natural Gas, Inc. (Royal Bank of Canada) Series 2018-A 4.00%, 04/01/2048		12,175		12,411,964
Series 2018-C 4.00%, 08/01/2048		12,245		12,526,737
Municipal Electric Authority of Georgia Series 2019 5.00%, 01/01/2038		1,235		1,317,803
5.00%, 01/01/2039		1,215		1,292,759
5.00%, 01/01/2048		2,460		2,571,699
5.00%, 01/01/2049		5,000		5,247,678
5.00%, 01/01/2056		4,655		4,908,350
5.00%, 01/01/2059		2,395		2,483,145
Series 2022 4.50%, 07/01/2063		15,000		15,290,469
5.00%, 07/01/2052		12,000		12,833,700
Private Colleges & Universities Authority (Corp. of Mercer University (The)) Series 2021 4.00%, 10/01/2050		2,700		2,609,882
				175,603,132
Guam – 0.6%
Guam Government Waterworks Authority Series 2020-A 5.00%, 01/01/2050		3,925		4,179,837
Guam Power Authority Series 2022-A 5.00%, 10/01/2043		3,300		3,559,444
Territory of Guam Series 2019 5.00%, 11/15/2031		2,015		2,145,135
Territory of Guam (Guam Section 30 Income Tax) Series 2016-A 5.00%, 12/01/2029		1,310		1,420,032
5.00%, 12/01/2030		4,160		4,494,510
5.00%, 12/01/2032		3,545		3,809,030

21

	Principal Amount (000)		U.S. $ Value
Territory of Guam (Territory of Guam Business Privilege Tax) Series 2015-D 5.00%, 11/15/2032	$	13,000	$	13,764,331
5.00%, 11/15/2033		3,570		3,772,069
5.00%, 11/15/2035		8,935		9,416,291
Series 2021-F
4.00%, 01/01/2036		4,050		3,926,783
				50,487,462
Hawaii – 0.1%
City & County of Honolulu HI Series 2022-A 5.00%, 11/01/2027(b)		4,500		5,195,924
5.00%, 11/01/2028(b)		2,000		2,340,911
				7,536,835
Idaho – 0.0%
Idaho Housing & Finance Association (Battelle Energy Alliance LLC) Series 2010-A 7.00%, 02/01/2036		200		200,407
Illinois – 9.8%
Chicago Board of Education Series 2012-A 5.00%, 12/01/2042		6,635		6,639,529
Series 2015-C 5.25%, 12/01/2035		2,790		2,845,415
5.25%, 12/01/2039		7,525		7,727,668
Series 2015-E 5.125%, 12/01/2032		1,000		1,018,762
Series 2016-A 7.00%, 12/01/2044		1,400		1,539,096
Series 2016-B 6.50%, 12/01/2046		1,900		2,088,611
Series 2017-G 5.00%, 12/01/2034		4,150		4,387,263
Series 2017-H 5.00%, 12/01/2036		900		948,349
5.00%, 12/01/2046		6,095		6,326,428
Series 2018-A 5.00%, 12/01/2026		5,430		5,792,054
5.00%, 12/01/2027		6,300		6,781,265
5.00%, 12/01/2028		5,975		6,471,905
Series 2019-A 5.00%, 12/01/2029		2,950		3,209,573
5.00%, 12/01/2030		4,120		4,456,914
Series 2019-B 5.00%, 12/01/2030		935		1,011,460
5.00%, 12/01/2031		1,030		1,111,117
5.00%, 12/01/2032		635		683,744
5.00%, 12/01/2033		500		536,584
Series 2021-A 5.00%, 12/01/2033		4,510		4,856,413
5.00%, 12/01/2036		1,010		1,074,203
5.00%, 12/01/2038		2,730		2,885,836
5.00%, 12/01/2039		2,000		2,109,202
5.00%, 12/01/2040		1,750		1,843,613
5.00%, 12/01/2041		5,300		5,570,928

22

	Principal Amount (000)		U.S. $ Value
Series 2021-B 5.00%, 12/01/2036	$	1,000	$	1,063,568
Series 2022-A 5.00%, 12/01/2043		7,965		8,395,618
Series 2022-B 4.00%, 12/01/2040		6,300		6,090,180
4.00%, 12/01/2041		28,500		27,424,228
Chicago O’Hare International Airport Series 2015-C 5.00%, 01/01/2034		1,665		1,733,333
Series 2016-B 5.00%, 01/01/2034(c)		10,000		10,701,846
Series 2016-C 5.00%, 01/01/2035(c)		3,250		3,472,867
5.00%, 01/01/2038(c)		15,250		16,226,285
Series 2017-B 5.00%, 01/01/2035(c)		13,290		14,452,008
5.00%, 01/01/2036(c)		24,000		26,062,493
5.00%, 01/01/2037(c)		29,600		32,069,202
Series 2018-B 5.00%, 01/01/2053		6,000		6,535,133
Chicago O’Hare International Airport (TrIPs Obligated Group) Series 2018 5.00%, 07/01/2033		645		687,079
5.00%, 07/01/2038		1,500		1,576,494
5.00%, 07/01/2048		5,000		5,168,690
Chicago Transit Authority (Chicago Transit Authority Sales Tax) Series 2020-A 4.00%, 12/01/2050(c)		12,340		12,065,946
Chicago Transit Authority Sales Tax Receipts Fund Series 2020-A 5.00%, 12/01/2045(c)		5,000		5,463,452
5.00%, 12/01/2055(c)		6,000		6,469,298
City of Chicago IL (Goldblatts Supportive Living Project) Series 2013 6.375%, 12/01/2052		1,050		704,565
Illinois Finance Authority Series 2015 5.25%, 05/15/2050 (Pre-refunded/ETM)		2,000		2,179,914
Illinois Finance Authority (Acero Charter Schools, Inc. Obligated Group) Series 2021 4.00%, 10/01/2042(a)		1,250		1,111,807
Illinois Finance Authority (Ascension Health Credit Group) Series 2016-C 5.00%, 02/15/2041		2,835		3,021,187
Illinois Finance Authority (Clark-Lindsey Village Obligated Group) Series 2022-A 4.60%, 06/01/2027		400		402,775
5.125%, 06/01/2032		350		355,046
5.25%, 06/01/2037		340		344,329

23

	Principal Amount (000)		U.S. $ Value
5.375%, 06/01/2042	$	985	$	999,059
5.50%, 06/01/2057		5,280		5,312,923
Illinois Finance Authority (Illinois Institute of Technology) Series 2019 4.00%, 09/01/2035		1,000		952,833
4.00%, 09/01/2037		1,130		1,062,804
4.00%, 09/01/2039		1,150		1,065,596
4.00%, 09/01/2041		1,000		913,103
5.00%, 09/01/2036		1,095		1,141,853
5.00%, 09/01/2038		1,365		1,415,845
5.00%, 09/01/2040		1,035		1,069,134
Illinois Finance Authority (Lake Forest College) Series 2022-A 5.25%, 10/01/2052		1,500		1,503,627
5.50%, 10/01/2042		1,045		1,086,129
5.50%, 10/01/2047		1,000		1,028,643
Illinois Finance Authority (Park Place of Elmhurst Obligated Group) Series 2021 5.125%, 05/15/2060		3,515		2,857,758
Illinois Finance Authority (Rosalind Franklin University of Medicine and Science) Series 2017-A 5.00%, 08/01/2042		1,000		1,040,735
5.00%, 08/01/2047		2,000		2,068,368
Series 2017-C 5.00%, 08/01/2046		1,000		1,034,770
Illinois Finance Authority (Silver Cross Hospital Obligated Group) Series 2015-C 5.00%, 08/15/2035		4,750		4,950,862
Illinois Finance Authority (Washington and Jane Smith Home (The)) Series 2022 4.00%, 10/15/2044		10,890		9,545,136
Illinois State Toll Highway Authority Series 2015-A 5.00%, 01/01/2031		1,500		1,613,860
5.00%, 01/01/2032		1,625		1,743,459
Series 2015-B 5.00%, 01/01/2036		2,850		3,048,826
Series 2016-A 5.00%, 12/01/2032		7,000		7,574,874
Series 2016-B 5.00%, 01/01/2041		3,450		3,689,217
Series 2020-A 5.00%, 01/01/2045		10,000		11,145,005
Series 2021-A 4.00%, 01/01/2046		19,700		19,757,806
Metropolitan Pier & Exposition Authority Series 2012 Zero Coupon, 12/15/2041		9,400		3,819,389
Zero Coupon, 12/15/2051		11,385		2,711,832
Series 2015-B 5.00%, 12/15/2045		13,300		13,641,563

24

	Principal Amount (000)		U.S. $ Value
Series 2017-B Zero Coupon, 12/15/2054	$	9,850	$	2,011,694
Series 2020 4.00%, 06/15/2050		2,525		2,380,296
5.00%, 06/15/2050		47,895		49,722,798
State of Illinois Series 2010 7.35%, 07/01/2035		11,946		13,504,269
Series 2012 5.00%, 08/01/2025		1,300		1,300,000
Series 2014 5.00%, 05/01/2023		7,185		7,351,649
5.00%, 05/01/2031		7,615		7,817,784
Series 2016 5.00%, 02/01/2024		2,525		2,634,692
5.00%, 02/01/2027		19,125		20,930,469
5.00%, 02/01/2029		5,945		6,416,738
5.00%, 11/01/2032		5,245		5,537,876
5.00%, 11/01/2035		8,000		8,412,258
Series 2017-A 5.00%, 12/01/2025		3,510		3,785,960
5.00%, 12/01/2026		6,000		6,553,969
5.00%, 12/01/2028		2,700		2,955,538
5.00%, 12/01/2034		2,585		2,747,893
Series 2017-C 5.00%, 11/01/2029		29,335		31,882,844
Series 2017-D 5.00%, 11/01/2024		7,395		7,835,391
5.00%, 11/01/2025		31,725		34,175,737
5.00%, 11/01/2026		6,180		6,744,013
5.00%, 11/01/2027		19,790		21,801,745
5.00%, 11/01/2028		8,450		9,245,650
Series 2018-A 5.00%, 10/01/2027		14,590		16,068,113
5.00%, 10/01/2028		1,710		1,892,974
5.00%, 05/01/2029		5,235		5,749,302
5.00%, 10/01/2029		1,030		1,134,082
5.00%, 05/01/2030		2,185		2,385,503
Series 2018-B 5.00%, 10/01/2026		5,000		5,450,911
Series 2019-B 4.00%, 11/01/2033		9,500		9,567,975
4.00%, 11/01/2036		16,375		16,155,634
4.00%, 11/01/2037		16,920		16,571,164
5.00%, 11/01/2030		8,225		9,099,002
Series 2020 5.50%, 05/01/2030		2,750		3,165,249
5.75%, 05/01/2045		2,500		2,804,740
Series 2020-B 5.00%, 10/01/2030		2,000		2,238,471
5.00%, 10/01/2031		2,100		2,327,495
Series 2021-A 5.00%, 03/01/2035		2,700		2,954,861
5.00%, 03/01/2036		3,250		3,543,400
5.00%, 03/01/2037		3,750		4,073,351
5.00%, 03/01/2046		9,000		9,614,037
Series 2022-A 5.25%, 03/01/2037		2,500		2,781,158
5.50%, 03/01/2042		12,610		14,285,111
5.50%, 03/01/2047		4,500		5,047,862

25

	Principal Amount (000)		U.S. $ Value
Village of Antioch IL Special Service Areas No. 1 & 2 Series 2016-A 4.50%, 03/01/2033	$	3,376	$	3,222,115
Series 2016-B 7.00%, 03/01/2033		1,554		1,530,000
Village of Pingree Grove IL Special Service Area No. 7 Series 2015 4.50%, 03/01/2025		482		485,671
5.00%, 03/01/2036		2,957		2,959,710
Series 2015-B 6.00%, 03/01/2036		857		870,628
				785,216,066
Indiana – 1.4%
Indiana Finance Authority Series 2013-A 5.00%, 07/01/2040 (Pre-refunded/ETM)		2,400		2,469,222
5.00%, 07/01/2044 (Pre-refunded/ETM)		6,070		6,245,073
5.00%, 07/01/2048 (Pre-refunded/ETM)		2,500		2,572,106
Series 2022 5.00%, 09/01/2029		1,755		1,854,660
5.00%, 09/01/2030		1,845		1,947,152
5.00%, 09/01/2031		1,935		2,036,881
5.00%, 09/01/2032		2,035		2,133,927
5.25%, 09/01/2044		10,000		10,173,016
Indiana Finance Authority (Baptist Healthcare System Obligated Group) Series 2017 5.00%, 08/15/2051		3,905		4,057,079
Indiana Finance Authority (Brightmark Plastics Renewal Indiana LLC) Series 2019 7.00%, 03/01/2039(a)		32,495		26,564,513
Indiana Finance Authority (Good Samaritan Hospital Obligated Group) Series 2022 4.00%, 04/01/2037		2,620		2,450,136
4.00%, 04/01/2039		1,630		1,491,739
4.00%, 04/01/2041		2,305		2,070,662
4.00%, 04/01/2042		2,400		2,138,123
Indiana Finance Authority (Greencroft Goshen Obligated Group) Series 2023-2 4.00%, 11/15/2024(b)		905		902,130
4.00%, 11/15/2025(b)		985		975,991
4.00%, 11/15/2028(b)		1,000		957,418
4.00%, 11/15/2029(b)		1,000		943,274
4.00%, 11/15/2037(b)		1,800		1,564,675
Indiana Finance Authority (Indiana Finance Authority State Revolving Fund) Series 2021-B 4.00%, 02/01/2039		7,000		7,262,625
4.00%, 02/01/2040		3,000		3,104,690

26

	Principal Amount (000)		U.S. $ Value
Indiana Finance Authority (Marquette Manor) Series 2015-A 5.00%, 03/01/2030	$	1,000	$	1,031,380
Indiana Finance Authority (Ohio Valley Electric Corp.) Series 2020 3.00%, 11/01/2030		11,725		11,091,201
Series 2020-A 3.00%, 11/01/2030		7,290		6,895,936
Series 2021-B 2.50%, 11/01/2030		5,065		4,613,142
Indiana Finance Authority (University of Evansville) Series 2022 5.25%, 09/01/2057		2,010		2,004,119
				109,550,870
Iowa – 1.3%
Iowa Finance Authority (Iowa Fertilizer Co. LLC) Series 2022 5.00%, 12/01/2050		47,900		50,793,510
Iowa Finance Authority (Lifespace Communities, Inc. Obligated Group) Series 2018-A 5.00%, 05/15/2043		8,405		8,339,966
5.00%, 05/15/2048		6,000		5,871,874
Iowa Finance Authority (Wesley Retirement Services, Inc. Obligated Group) Series 2021 4.00%, 12/01/2031		5,560		5,366,247
4.00%, 12/01/2041		7,810		7,074,067
4.00%, 12/01/2046		5,225		4,560,558
4.00%, 12/01/2051		9,340		7,974,139
Iowa Higher Education Loan Authority (Simpson College) Series 2020 5.50%, 11/01/2051		7,160		7,234,863
Iowa Tobacco Settlement Authority Series 2021-A 4.00%, 06/01/2049		4,000		3,809,859
				101,025,083
Kansas – 0.3%
Kansas Development Finance Authority (State of Kansas Department of Administration Lease) BAM Series 2021-K 2.39%, 05/01/2036		8,000		6,433,854
Overland Park Development Corp. (City of Overland Park KS) Series 2019 5.00%, 03/01/2035		1,765		1,777,509
5.00%, 03/01/2037		2,070		2,081,563
5.00%, 03/01/2039		2,325		2,327,998
5.00%, 03/01/2044		1,000		984,580
5.00%, 03/01/2049		5,875		5,765,433

27

	Principal Amount (000)		U.S. $ Value
Wyandotte County-Kansas City Unified Government (Wyandotte County-Kansas City Unified Government Sales Tax) Series 2018 4.50%, 06/01/2040	$	1,575	$	1,515,980
				20,886,917
Kentucky – 1.8%
City of Ashland KY (Ashland Hospital Corp. Obligated Group) Series 2019 4.00%, 02/01/2035		930		932,452
City of Henderson KY (Pratt Paper LLC) Series 2022 4.45%, 01/01/2042(a)		9,000		9,068,611
County of Trimble KY (Louisville Gas and Electric Co.) Series 2020 1.30%, 09/01/2044		8,500		7,325,805
Kentucky Economic Development Finance Authority (Baptist Healthcare System Obligated Group) Series 2017-B 5.00%, 08/15/2034(c)		1,500		1,601,476
5.00%, 08/15/2035(c)		3,085		3,280,990
5.00%, 08/15/2037(c)		1,550		1,643,330
5.00%, 08/15/2041(c)		6,905		7,260,710
5.00%, 08/15/2046(c)		2,740		2,861,159
Kentucky Economic Development Finance Authority (CommonSpirit Health) Series 2019-A 4.00%, 08/01/2038		1,000		1,005,961
4.00%, 08/01/2039		1,135		1,139,402
5.00%, 08/01/2044(c)		6,105		6,490,286
5.00%, 08/01/2049(c)		7,660		8,100,024
Kentucky Economic Development Finance Authority (Masonic Homes of Kentucky, Inc. Obligated Group) Series 2012 5.375%, 11/15/2042		1,685		1,580,995
5.50%, 11/15/2045		1,000		938,794
Series 2016-A 5.00%, 05/15/2046		1,100		1,011,026
5.00%, 05/15/2051		2,000		1,810,763
Kentucky Economic Development Finance Authority (Owensboro Health, Inc. Obligated Group) Series 2015 5.25%, 06/01/2050		21,590		22,053,023
Series 2017-A 5.00%, 06/01/2031		2,000		2,144,603
5.00%, 06/01/2032		3,500		3,726,398

28

	Principal Amount (000)		U.S. $ Value
5.00%, 06/01/2037	$	4,325	$	4,555,967
5.00%, 06/01/2041		4,300		4,444,153
5.00%, 06/01/2045		7,250		7,452,290
5.25%, 06/01/2041		6,750		7,049,311
Series 2017-B 5.00%, 06/01/2040		5,000		5,174,895
Kentucky Economic Development Finance Authority (Rosedale Green) Series 2015 5.50%, 11/15/2035		2,265		2,220,912
5.75%, 11/15/2045		3,350		3,245,303
Kentucky Public Energy Authority (Morgan Stanley) Series 2022-A 4.00%, 08/01/2052(c)		10,000		10,151,928
Louisville/Jefferson County Metropolitan Government (Norton Healthcare Obligated Group) Series 2016 5.00%, 10/01/2033		8,205		8,807,891
Series 2020 5.00%, 10/01/2047		1,965		2,206,396
Series 2020-A 5.00%, 10/01/2038		965		1,041,893
				140,326,747
Louisiana – 1.2%
Jefferson Sales Tax District AGM Series 2017-B 5.00%, 12/01/2034		1,000		1,112,767
5.00%, 12/01/2036		2,400		2,661,902
Louisiana Local Government Environmental Facilities & Community Development Auth (Louisiana Utilities Restoration Corp.) Series 2022 4.475%, 08/01/2039		10,000		9,994,818
Louisiana Local Government Environmental Facilities & Community Development Auth (St. James Place of Baton Rouge) Series 2015-A 6.00%, 11/15/2035		2,100		2,132,857
Louisiana Local Government Environmental Facilities & Community Development Auth (Woman’s Hospital Foundation) Series 2017 5.00%, 10/01/2034(c)		8,985		9,622,096
5.00%, 10/01/2036(c)		8,460		9,023,221
5.00%, 10/01/2037(c)		5,000		5,319,930
5.00%, 10/01/2044(c)		5,155		5,403,248
Louisiana Public Facilities Authority Series 2016 5.00%, 05/15/2047 (Pre-refunded/ETM)		10		11,075
Louisiana Public Facilities Authority (Louisiana Pellets, Inc.) Series 2013-B 10.50%, 07/01/2039(f) (g)		2,750		27
Series 2014-A 7.50%, 07/01/2023(f) (g)		1,250		13

29

	Principal Amount (000)		U.S. $ Value
Louisiana Public Facilities Authority (Louisiana State University & Agricultural & Mechanical College Auxiliary Revenue) Series 2019 5.00%, 07/01/2059	$	10,270	$	10,784,568
Louisiana Public Facilities Authority (Louisiana State University & Agricultural & Mechanical College Lease) Series 2017 5.00%, 07/01/2042		1,500		1,561,511
5.00%, 07/01/2047		6,515		6,746,937
5.00%, 07/01/2052		7,300		7,540,238
5.00%, 07/01/2057		2,250		2,319,014
New Orleans Aviation Board Series 2017-B 5.00%, 01/01/2043		1,000		1,044,253
Parish of St. James LA (NuStar Logistics LP) Series 2020-2 6.35%, 07/01/2040(a)		3,990		4,503,203
6.35%, 10/01/2040(a)		3,385		3,820,386
Parish of St. John the Baptist LA (Marathon Oil Corp.) Series 2019 2.00%, 06/01/2037		4,855		4,836,831
2.10%, 06/01/2037		2,465		2,438,929
2.20%, 06/01/2037		3,700		3,521,524
Port New Orleans Board of Commissioners Series 2013-B 5.00%, 04/01/2029 (Pre-refunded/ETM)		540		550,763
5.00%, 04/01/2031 (Pre-refunded/ETM)		1,000		1,019,931
				95,970,042
Maine – 0.2%
Finance Authority of Maine (Casella Waste Systems, Inc.) Series 2017 5.25%, 01/01/2025(a)		4,630		4,743,527
Series 2018-R2 4.375%, 08/01/2035(a)		1,700		1,709,722
Maine Health & Higher Educational Facilities Authority (Maine Medical Center) Series 2018-A 5.00%, 07/01/2043		3,370		3,564,335
5.00%, 07/01/2048		6,250		6,573,973
				16,591,557
Maryland – 2.3%
City of Baltimore MD (East Baltimore Research Park Project) Series 2017-A 5.00%, 09/01/2038		1,000		1,029,754

30

	Principal Amount (000)		U.S. $ Value
City of Baltimore MD (Harbor Point Special Taxing District) Series 2019 3.625%, 06/01/2046(a)	$	1,750	$	1,502,839
Series 2019-B 3.875%, 06/01/2046(a)		300		261,131
County of Frederick MD (County of Frederick MD Urbana Community Development Authority) Series 2020-C 4.00%, 07/01/2050(a)		2,615		2,435,798
Maryland Economic Development Corp. Series 2020 4.00%, 09/01/2040		2,250		2,092,746
4.00%, 09/01/2050		2,500		2,196,738
Maryland Economic Development Corp. (Purple Line Transit Partners LLC) Series 2022 5.00%, 12/31/2036		3,200		3,532,467
5.00%, 06/30/2037		2,400		2,642,396
5.00%, 12/31/2037		2,605		2,868,101
5.00%, 06/30/2038		2,920		3,199,002
5.00%, 12/31/2038		1,015		1,111,982
5.25%, 06/30/2047		26,800		29,394,240
5.25%, 06/30/2052		10,000		10,896,139
5.25%, 06/30/2055		21,720		23,611,158
Maryland Health & Higher Educational Facilities Authority (Meritus Medical Center Obligated Group) Series 2015 5.00%, 07/01/2031		3,245		3,390,412
Maryland Health & Higher Educational Facilities Authority (TidalHealth Obligated Group) Series 2020 4.00%, 07/01/2036		2,520		2,565,116
4.00%, 07/01/2037		2,575		2,608,275
4.00%, 07/01/2038		1,555		1,568,435
4.00%, 07/01/2039		1,585		1,595,012
4.00%, 07/01/2040		1,645		1,651,473
5.00%, 07/01/2046		22,040		23,551,175
Maryland Health & Higher Educational Facilities Authority (UPMC Obligated Group) Series 2020-B 4.00%, 04/15/2036(c)		3,140		3,192,023
4.00%, 04/15/2037(c)		3,270		3,306,862
4.00%, 04/15/2038(c)		3,405		3,429,159
4.00%, 04/15/2039(c)		3,535		3,552,071
4.00%, 04/15/2040(c)		3,180		3,187,966
Maryland Stadium Authority (Baltimore City Public School Construction Financing Fund) Series 2020 5.00%, 05/01/2050		29,840		34,906,659

31

	Principal Amount (000)		U.S. $ Value
State of Maryland Department of Transportation Series 2022-2 5.00%, 12/01/2024(b)	$	2,500	$	2,661,026
5.00%, 12/01/2026(b)		3,500		3,908,385
5.00%, 12/01/2027(b)		2,500		2,848,766
5.00%, 12/01/2029(b)		2,375		2,789,887
				187,487,193
Massachusetts – 0.4%
Massachusetts Development Finance Agency (Emerson College) Series 2016-A 5.00%, 01/01/2047		2,220		2,304,949
Series 2017-A 5.00%, 01/01/2040		670		707,603
Massachusetts Development Finance Agency (Emmanuel College/MA) Series 2016-A 5.00%, 10/01/2043		1,760		1,827,612
Massachusetts Development Finance Agency (Lasell University) Series 2021 4.00%, 07/01/2027		250		249,993
4.00%, 07/01/2028		325		323,131
4.00%, 07/01/2029		340		335,344
Massachusetts Development Finance Agency (Salem Community Corp. Obligated Group) Series 2022 5.25%, 01/01/2050		2,680		2,683,816
Massachusetts Development Finance Agency (Simmons University) Series 2018-L 5.00%, 10/01/2034		1,360		1,464,610
5.00%, 10/01/2035		1,000		1,074,854
Massachusetts Development Finance Agency (South Shore Hospital, Inc. Obligated Group) Series 2016-I 5.00%, 07/01/2031		1,350		1,441,181
5.00%, 07/01/2041		2,500		2,612,310
Massachusetts Development Finance Agency (Springfield College) Series 2021 4.00%, 06/01/2056		4,000		3,661,704
5.00%, 06/01/2026		420		456,533
5.00%, 06/01/2027		445		491,262
5.00%, 06/01/2028		1,850		2,063,654
Series 2021-B 4.00%, 06/01/2035		2,300		2,315,083
4.00%, 06/01/2050		1,700		1,598,417
Massachusetts Development Finance Agency (UMass Memorial Health Care Obligated Group) Series 2016 5.00%, 07/01/2041		1,480		1,554,738
5.00%, 07/01/2046		2,500		2,617,246
Massachusetts Development Finance Agency (Wellforce Obligated Group) Series 2013-G 5.00%, 07/01/2037		2,550		2,586,127
AGM Series 2019-A 5.00%, 07/01/2036		1,000		1,093,516
Massachusetts Port Authority Series 2021-E 5.00%, 07/01/2051		2,260		2,460,678
				35,924,361

32

	Principal Amount (000)		U.S. $ Value
Michigan – 1.7%
City of Detroit MI Series 2014-B 4.00%, 04/01/2044	$	10,000	$	8,129,735
Series 2018 5.00%, 04/01/2033		1,000		1,063,710
5.00%, 04/01/2034		1,250		1,322,335
5.00%, 04/01/2038		2,135		2,239,730
Series 2020 5.50%, 04/01/2045		1,690		1,832,372
5.50%, 04/01/2050		2,170		2,340,851
Series 2021-A 5.00%, 04/01/2038		1,100		1,163,150
5.00%, 04/01/2046		2,030		2,107,804
Grand Rapids Economic Development Corp. (Beacon Hill at Eastgate) Series 2017-A 5.00%, 11/01/2032		1,055		1,086,294
5.00%, 11/01/2037		600		613,560
Great Lakes Water Authority Water Supply System Revenue Series 2016-A 5.00%, 07/01/2046		1,025		1,098,934
Series 2016-D 5.00%, 07/01/2036		25,210		27,265,301
Kalamazoo Economic Development Corp. (Heritage Community of Kalamazoo Obligated Group) Series 2019 5.00%, 05/15/2037		1,100		1,093,103
Series 2020 5.00%, 05/15/2055		6,860		6,409,982
Kalamazoo Hospital Finance Authority 4.00%, 05/15/2031(c)		1,500		1,549,807
4.00%, 05/15/2032(c)		3,350		3,441,133
4.00%, 05/15/2033(c)		4,750		4,858,732
4.00%, 05/15/2036(c)		10,500		10,639,076
Michigan Finance Authority Series 2014 5.00%, 06/01/2034 (Pre-refunded/ETM)		2,000		2,120,666
Michigan Finance Authority (Albion College) Series 2022 4.00%, 12/01/2046		2,120		1,972,741
4.00%, 12/01/2051		2,165		1,974,741
Michigan Finance Authority (Great Lakes Water Authority Water Supply System Revenue) Series 2014-D4 5.00%, 07/01/2029		1,100		1,158,872
5.00%, 07/01/2034		1,000		1,042,783
Series 2015-D1 5.00%, 07/01/2034		2,000		2,130,903
Series 2015-D2 5.00%, 07/01/2034		3,400		3,622,536

33

	Principal Amount (000)		U.S. $ Value
Michigan Finance Authority (Henry Ford Health System Obligated Group) Series 2016 5.00%, 11/15/2032	$	3,850	$	4,153,710
Series 2019-A 5.00%, 11/15/2048		6,635		6,994,696
Michigan Finance Authority (Michigan Finance Authority Tobacco Settlement Revenue) Series 2020-A 4.00%, 06/01/2049		5,000		4,731,836
Series 2020-B Zero Coupon, 06/01/2065		27,415		3,003,686
Michigan Finance Authority (Public Lighting Authority) Series 2014-B 5.00%, 07/01/2031		1,450		1,495,005
5.00%, 07/01/2032		3,000		3,089,484
5.00%, 07/01/2033		3,500		3,599,620
Michigan Strategic Fund (Michigan Strategic Fund - I 75 Improvement Project) Series 2018 5.00%, 06/30/2048		8,600		8,704,909
Michigan Tobacco Settlement Finance Authority (Tobacco Settlement Financing Corp./MI) Series 2008-C Zero Coupon, 06/01/2058		116,850		5,341,856
Wayne State University Series 2018-A 5.00%, 11/15/2043		4,000		4,352,648
				137,746,301
Minnesota – 0.1%
City of Wayzata MN (Wayzata Bay Senior Housing, Inc.) Series 2019 5.00%, 08/01/2054		1,000		1,006,833
Duluth Economic Development Authority (Essentia Health Obligated Group) Series 2018-A 5.00%, 02/15/2043		2,500		2,630,861
5.00%, 02/15/2048		425		444,919
Housing & Redevelopment Authority of The City of St. Paul Minnesota (Hmong College Prep Academy) Series 2020 5.00%, 09/01/2040		1,390		1,408,384
Minnesota Higher Education Facilities Authority (St. Catherine University) Series 2018-A 5.00%, 10/01/2045		1,900		2,025,018
				7,516,015

34

	Principal Amount (000)		U.S. $ Value
Mississippi – 0.4%
Mississippi Development Bank (Magnolia Regional Health Center) Series 2021 4.00%, 10/01/2041(a)	$	2,500	$	2,225,869
5.00%, 10/01/2024(a)		880		917,639
5.00%, 10/01/2026(a)		1,700		1,823,332
5.00%, 10/01/2027(a)		900		976,773
5.00%, 10/01/2028(a)		1,900		2,074,709
5.00%, 10/01/2033(a)		2,270		2,456,349
Mississippi Hospital Equipment & Facilities Authority (Baptist Memorial Health Care Obligated Group) Series 2016-A 5.00%, 09/01/2036		1,645		1,721,308
5.00%, 09/01/2041		12,130		12,584,829
5.00%, 09/01/2046		6,135		6,314,552
Mississippi Hospital Equipment & Facilities Authority (Forrest General Hospital, Inc.) Series 2019 4.00%, 01/01/2037		720		735,801
5.00%, 01/01/2035		1,230		1,342,319
				33,173,480
Missouri – 1.2%
Cape Girardeau County Industrial Development Authority (SoutheastHEALTH Obligated Group) Series 2017-A 5.00%, 03/01/2036		2,925		3,080,533
Series 2021 4.00%, 03/01/2041		1,170		1,096,307
Health & Educational Facilities Authority of the State of Missouri (Lutheran Senior Services Obligated Group) Series 2016-A 5.00%, 02/01/2046		1,000		1,021,527
Series 2019 4.00%, 02/01/2042		18,770		17,652,547
4.00%, 02/01/2048		21,850		19,875,075
5.00%, 02/01/2042		620		654,685
5.00%, 02/01/2048		2,600		2,715,225
Kansas City Industrial Development Authority Series 2019 5.00%, 07/01/2040(a)		3,065		2,729,523
Series 2021 2.00%, 11/15/2046		2,319		111,521
Kansas City Industrial Development Authority (Kansas City United Methodist Retirement Home Obligated Group) Series 2021-A 10.00%, 11/15/2037		1,601		1,460,066
Series 2021-C 7.50%, 11/15/2046		1,279		1,073,282

35

	Principal Amount (000)		U.S. $ Value
Kansas City Industrial Development Authority (Kingswood Senior Living Community) Series 2021 5.00%, 11/15/2046	$	5,196	$	4,288,293
Lee’s Summit Industrial Development Authority (John Knox Village Obligated Group) Series 2014-A 5.25%, 08/15/2039		2,330		2,339,306
Series 2016-A 5.00%, 08/15/2036		1,300		1,311,784
5.00%, 08/15/2046		1,760		1,750,217
5.00%, 08/15/2051		1,000		986,406
Series 2018 5.00%, 08/15/2042		6,940		6,950,600
Series 2021-A 5.00%, 08/15/2056		10,000		9,697,699
Missouri Joint Municipal Electric Utility Commission Series 2014 5.00%, 01/01/2031		3,240		3,444,810
St. Louis County Industrial Development Authority (Friendship Village St. Louis Obligated Group) Series 2018 5.25%, 09/01/2053		7,560		7,356,436
St. Louis County Industrial Development Authority (St. Andrews Resources for Seniors Obligated Group) Series 2015-A 5.00%, 12/01/2035		2,000		2,036,059
5.125%, 12/01/2045		4,500		4,556,648
				96,188,549
Montana – 0.0%
Montana Facility Finance Authority (Benefis Health System Obligated Group) Series 2016 5.00%, 02/15/2034		1,085		1,152,928
Nebraska – 0.3%
Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2012 5.00%, 09/01/2032		2,150		2,155,716
5.00%, 09/01/2042		825		827,193
Series 2017-A 5.00%, 09/01/2034		1,510		1,680,539
5.00%, 09/01/2036		8,035		8,983,370
5.00%, 09/01/2037		10,410		11,644,083
				25,290,901
Nevada – 0.6%
Carson City NV (Carson Tahoe Regional Healthcare) Series 2017 5.00%, 09/01/2037		1,160		1,230,390
5.00%, 09/01/2047		2,775		2,902,158
City of Reno NV (County of Washoe NV Sales Tax Revenue) Series 2018-C Zero Coupon, 07/01/2058(a)		22,000		2,987,840

36

	Principal Amount (000)		U.S. $ Value
City of Sparks NV (City of Sparks NV Sales Tax) Series 2019-A 2.75%, 06/15/2028(a)	$	3,540	$	3,248,401
Clark County School District Series 2017-C 5.00%, 06/15/2033(c)		5,775		6,488,096
5.00%, 06/15/2034(c)		5,000		5,593,413
5.00%, 06/15/2035(c)		2,635		2,943,529
5.00%, 06/15/2036		3,700		3,741,882
AGM Series 2019-B 3.00%, 06/15/2037		5,185		4,797,444
Las Vegas Redevelopment Agency Series 2016 5.00%, 06/15/2040		1,800		1,882,162
State of Nevada Department of Business & Industry (Fulcrum Sierra Biofuels LLC) Series 2018 6.95%, 02/15/2038(a)		1,890		1,788,860
Tahoe-Douglas Visitors Authority Series 2020 5.00%, 07/01/2040		2,250		2,345,236
5.00%, 07/01/2045		2,800		2,886,239
5.00%, 07/01/2051		3,000		3,071,720
				45,907,370
New Hampshire – 1.1%
New Hampshire Business Finance Authority Series 2020-1, Class A 4.125%, 01/20/2034		21,085		21,199,666
Series 2022-2 0.334%, 09/20/2036		25,000		630,812
4.375%, 09/20/2036		41,457		41,093,620
New Hampshire Business Finance Authority (Covanta Holding Corp.) Series 2020-A 3.625%, 07/01/2043(a)		1,960		1,704,511
Series 2020-B 3.75%, 07/01/2045(a)		3,525		3,118,432
New Hampshire Health and Education Facilities Authority Act (Dartmouth-Hitchcock Obligated Group) Series 2020-A 5.00%, 08/01/2059		15,080		17,821,025
				85,568,066
New Jersey – 6.2%
New Jersey Economic Development Authority Series 2013 5.00%, 03/01/2030 (Pre-refunded/ETM)		3,455		3,524,699
Series 2014-P 5.00%, 06/15/2029 (Pre-refunded/ETM)		5,000		5,308,949

37

	Principal Amount (000)		U.S. $ Value
New Jersey Economic Development Authority (New Jersey Economic Development Authority State Lease) Series 2017-D 5.00%, 06/15/2033	$	2,870	$	3,085,780
5.00%, 06/15/2042		4,650		4,911,210
Series 2018-A 5.00%, 06/15/2042		4,385		4,654,217
5.00%, 06/15/2047		1,500		1,583,146
Series 2021-Q 4.00%, 06/15/2038		1,050		1,054,946
4.00%, 06/15/2039		1,000		1,001,688
4.00%, 06/15/2040		1,000		996,862
4.00%, 06/15/2041		1,750		1,733,961
4.00%, 06/15/2046		1,500		1,471,035
4.00%, 06/15/2050		2,000		1,941,589
New Jersey Economic Development Authority (New Jersey Transit Corp.) Series 2020 4.00%, 11/01/2044		3,450		3,408,145
5.00%, 11/01/2033		3,770		4,171,834
New Jersey Economic Development Authority (Port Newark Container Terminal LLC) Series 2017 5.00%, 10/01/2037		3,450		3,629,066
5.00%, 10/01/2047		7,210		7,481,614
New Jersey Economic Development Authority (State of New Jersey Department of the Treasury Lease) Series 2019 5.00%, 06/15/2030		2,990		3,361,579
5.00%, 06/15/2035		2,750		3,022,650
5.00%, 06/15/2037		2,000		2,174,715
New Jersey Economic Development Authority (State of New Jersey Division of Property Management & Construction Lease) Series 2018-C 5.00%, 06/15/2042		7,085		7,519,984
New Jersey Economic Development Authority (State of New Jersey Motor Vehicle Surcharge Revenue Lease) Series 2017-A 5.00%, 07/01/2033		1,640		1,753,890
New Jersey Economic Development Authority (UMM Energy Partners LLC) Series 2012-A 5.125%, 06/15/2043		735		735,723
New Jersey Economic Development Authority (United Airlines, Inc.) Series 2012 5.25%, 09/15/2029		8,270		8,363,018
Series 2014-B 5.625%, 11/15/2030		1,475		1,523,401
New Jersey Educational Facilities Authority (Stevens Institute of Technology) Series 2020-A 4.00%, 07/01/2050		1,805		1,705,355
5.00%, 07/01/2045		4,460		4,765,496

38

	Principal Amount (000)		U.S. $ Value
New Jersey Health Care Facilities Financing Authority (Hackensack Meridian Health Obligated Group) Series 2017-A 5.00%, 07/01/2035	$	1,300	$	1,403,471
New Jersey Health Care Facilities Financing Authority (Inspira Health Obligated Group) Series 2017-A 5.00%, 07/01/2036		1,000		1,070,124
5.00%, 07/01/2042		7,645		8,101,533
New Jersey Health Care Facilities Financing Authority (New Jersey Health Care Facilities Financing Authority State Lease) Series 2017 5.00%, 10/01/2035		1,070		1,142,150
New Jersey Health Care Facilities Financing Authority (RWJ Barnabas Health Obligated Group) Series 2014 5.00%, 07/01/2044		2,040		2,118,431
New Jersey Transportation Trust Fund Authority (New Jersey Transportation Fed Hwy Grant) Series 2016 5.00%, 06/15/2024		3,130		3,299,907
5.00%, 06/15/2027		1,000		1,097,761
5.00%, 06/15/2028		21,660		23,625,784
5.00%, 06/15/2029		13,435		14,593,685
5.00%, 06/15/2030		6,000		6,497,344
Series 2018-A 5.00%, 06/15/2029		1,910		2,074,726
5.00%, 06/15/2030		24,975		27,045,195
5.00%, 06/15/2031		12,000		12,957,689
New Jersey Transportation Trust Fund Authority (New Jersey Transportation Trust Fund Authority State Lease) Series 2014-A 5.00%, 06/15/2038		1,000		1,032,137
Series 2015-A 5.00%, 06/15/2045		8,450		8,727,086
Series 2018-A 5.00%, 12/15/2030		2,000		2,218,486
5.00%, 12/15/2032		1,000		1,098,511
5.00%, 12/15/2033		29,040		31,790,161
5.00%, 12/15/2034		7,135		7,777,090
5.00%, 12/15/2035		5,230		5,680,660
5.00%, 12/15/2036		10,000		10,814,577
Series 2019 5.00%, 06/15/2034		1,000		1,091,099
5.00%, 06/15/2038		2,670		2,877,610
5.00%, 12/15/2039		2,500		2,699,630
5.00%, 06/15/2046		2,325		2,475,304
Series 2019-B 4.00%, 06/15/2036		1,945		1,978,318
4.00%, 06/15/2037		770		780,879
5.00%, 06/15/2032		3,480		3,829,311
Series 2022-A 5.00%, 06/15/2030		7,500		8,492,642
5.00%, 06/15/2032		7,500		8,516,766
5.00%, 06/15/2033		10,250		11,564,980

39

	Principal Amount (000)		U.S. $ Value
New Jersey Turnpike Authority Series 2015-E 5.00%, 01/01/2033	$	8,400	$	8,929,033
5.00%, 01/01/2045		7,000		7,334,825
Series 2016-A 5.00%, 01/01/2033		6,500		7,032,449
Series 2017-A 5.00%, 01/01/2033		5,000		5,485,882
5.00%, 01/01/2034		10,000		10,921,131
Series 2017-B 5.00%, 01/01/2032		8,540		9,598,828
5.00%, 01/01/2033		5,000		5,588,355
Series 2019-A 5.00%, 01/01/2048(c)		11,320		12,460,912
Tobacco Settlement Financing Corp./NJ Series 2018-A 5.00%, 06/01/2031		1,425		1,553,007
Series 2018-B 5.00%, 06/01/2046		120,615		122,988,486
				495,250,507
New Mexico – 0.2%
City of Santa Fe NM (El Castillo Retirement Residences Obligated Group) Series 2019 5.00%, 05/15/2039		480		467,727
5.00%, 05/15/2044		500		475,752
5.00%, 05/15/2049		1,200		1,119,493
New Mexico Hospital Equipment Loan Council (Gerald Champion Regional Medical Center) Series 2012 5.50%, 07/01/2042		1,060		1,062,318
New Mexico Hospital Equipment Loan Council (Haverland Carter Lifestyle Obligated Group) Series 2019 5.00%, 07/01/2039		780		774,688
5.00%, 07/01/2049		14,135		13,510,506
Winrock Town Center Tax Increment Development District No. 1 Series 2022 4.25%, 05/01/2040(a)		2,750		2,442,687
				19,853,171
New York – 10.1%
Build NYC Resource Corp. (Albert Einstein College of Medicine, Inc.) Series 2016 5.50%, 09/01/2045(a)		34,020		35,304,150
Build NYC Resource Corp. (Integration Charter Schools) Series 2021 4.00%, 06/01/2025(a)		355		341,731
Build NYC Resource Corp. (Metropolitan College of New York) Series 2014 5.25%, 11/01/2034		2,240		2,278,720

40

	Principal Amount (000)		U.S. $ Value
City of New York NY Series 2018-E 5.00%, 03/01/2037(c)	$	15,000	$	16,388,956
5.00%, 03/01/2038(c)		20,000		21,789,222
Series 2020-A 5.00%, 08/01/2030(c)		37,000		43,277,333
5.00%, 08/01/2031(c)		40,000		46,395,374
5.00%, 08/01/2032(c)		5,750		6,627,287
5.00%, 08/01/2033(c)		3,000		3,418,778
Dutchess County Local Development Corp. (Bard College) Series 2020-A 5.00%, 07/01/2045(a)		7,500		7,691,822
5.00%, 07/01/2051(a)		13,000		13,263,351
Dutchess County Local Development Corp. (Health QuestSystems Obligated Group) Series 2016-B 5.00%, 07/01/2046		13,520		13,940,141
Metropolitan Transportation Authority Series 2012-F 5.00%, 11/15/2030		2,540		2,560,384
Series 2013-D 5.00%, 11/15/2043		2,000		2,033,223
Series 2013-E 5.00%, 11/15/2032		4,425		4,519,783
Series 2015-B 5.00%, 11/15/2032		3,715		3,882,380
Series 2015-C 5.00%, 11/15/2027		1,110		1,183,232
5.25%, 11/15/2030		4,000		4,258,895
Series 2015-D 5.00%, 11/15/2031		1,350		1,424,031
5.00%, 11/15/2032		5,135		5,400,208
5.00%, 11/15/2034		5,430		5,684,573
Series 2016-A 5.00%, 11/15/2026		2,150		2,340,422
5.00%, 11/15/2032		3,440		3,629,429
Series 2016-C 4.00%, 11/15/2026		1,705		1,776,352
Series 2016-D 5.00%, 11/15/2027		5,695		6,219,373
5.00%, 11/15/2029		1,750		1,882,190
Series 2017-A 5.00%, 11/15/2026		1,525		1,660,067
Series 2017-B 5.00%, 11/15/2027		1,185		1,304,606
Series 2017-C 5.00%, 11/15/2025		1,450		1,554,235
5.00%, 11/15/2026		2,340		2,547,250
5.00%, 11/15/2028		12,930		14,198,684
5.00%, 11/15/2029		16,435		17,964,995
5.00%, 11/15/2033		2,020		2,172,273
5.00%, 11/15/2034		6,810		7,310,984
Series 2017-D 4.00%, 11/15/2042		1,000		978,017
Series 2018-B 5.00%, 11/15/2028		1,340		1,479,416
Series 2019-A 5.00%, 11/15/2048		3,075		3,233,444

41

	Principal Amount (000)		U.S. $ Value
Series 2019-C 5.00%, 11/15/2038	$	380	$	403,581
Series 2020-A 4.00%, 11/15/2051		1,625		1,557,746
5.00%, 11/15/2045		4,740		5,326,496
5.00%, 11/15/2047		2,630		2,766,731
5.00%, 11/15/2049		2,000		2,101,092
Series 2020-C 4.75%, 11/15/2045		18,110		18,754,323
5.00%, 11/15/2050		8,750		9,187,120
5.25%, 11/15/2055		2,000		2,125,818
Series 2020-D 4.00%, 11/15/2047		9,495		9,142,549
4.00%, 11/15/2049		6,425		6,174,771
5.00%, 11/15/2043		5,000		5,300,175
Series 2020-E 4.00%, 11/15/2045		3,000		2,906,921
5.00%, 11/15/2029		1,800		2,002,924
5.00%, 11/15/2030		2,345		2,626,929
5.00%, 11/15/2032		1,250		1,371,409
5.00%, 11/15/2033		1,500		1,637,171
Series 2021-A 4.00%, 11/15/2042		2,000		1,956,034
4.00%, 11/15/2043		2,000		1,947,309
4.00%, 11/15/2044		2,500		2,425,403
4.00%, 11/15/2046		3,840		3,703,955
4.00%, 11/15/2047		10,000		9,635,015
4.00%, 11/15/2048		1,285		1,236,340
4.00%, 11/15/2050		8,000		7,677,367
Monroe County Industrial Development Corp./NY (St Ann’s of Greater Rochester Obligated Group) Series 2019 5.00%, 01/01/2050		6,520		5,799,784
Monroe County Industrial Development Corp./NY (True North Rochester Prep Charter School) Series 2020 5.00%, 06/01/2059(a)		1,080		1,094,743
Nassau County Industrial Development Agency (Amsterdam House Continuing Care Retirement Community, Inc.) Series 2021 5.00%, 01/01/2058		525		370,196
9.00%, 01/01/2041(a)		270		240,128
New York City Housing Development Corp. Series 2020 2.55%, 08/01/2040		3,645		3,045,967
New York City Transitional Finance Authority Future Tax Secured Revenue Series 2022-F 3.75%, 02/01/2033		13,000		12,701,584
3.85%, 02/01/2034		3,955		3,880,134
New York Counties Tobacco Trust V Series 2005 Zero Coupon, 06/01/2050		30,000		4,259,637
New York Liberty Development Corp. (Goldman Sachs Headquarters LLC) Series 2005 5.25%, 10/01/2035		5,765		6,733,425

42

	Principal Amount (000)		U.S. $ Value
New York Liberty Development Corp. (One Bryant Park LLC) Series 2019 2.80%, 09/15/2069	$	2,620	$	2,419,417
New York State Dormitory Authority (Garnet Health Medical Center Obligated Group) Series 2017 5.00%, 12/01/2030(a)		1,200		1,285,099
5.00%, 12/01/2031(a)		1,000		1,066,131
5.00%, 12/01/2034(a)		2,000		2,107,358
New York State Dormitory Authority (State of New York Pers Income Tax) Series 2021 2.202%, 03/15/2034(c)		13,000		10,957,002
2.252%, 03/15/2032(c)		13,000		11,375,831
New York State Dormitory Authority (Wagner College) Series 2022 5.00%, 07/01/2057		14,965		15,307,285
New York State Thruway Authority (New York State Thruway Authority Gen Toll Road) Series 2016-A 5.00%, 01/01/2041		3,800		4,071,243
New York State Thruway Authority (State of New York Pers Income Tax) Series 2022 4.125%, 03/15/2056		10,000		10,021,728
5.00%, 03/15/2055		20,000		22,468,106
New York Transportation Development Corp. (Delta Air Lines, Inc.) Series 2018 5.00%, 01/01/2027		17,365		18,254,178
5.00%, 01/01/2028		15,300		16,164,098
5.00%, 01/01/2029		18,660		19,699,776
Series 2020 4.00%, 10/01/2030		23,150		23,280,633
4.375%, 10/01/2045		50,345		49,300,744
New York Transportation Development Corp. (Empire State Thruway Partners LLC) Series 2021 4.00%, 04/30/2053		2,670		2,364,311
New York Transportation Development Corp. (JFK International Air Terminal LLC) Series 2022 5.00%, 12/01/2038		10,000		10,767,098
5.00%, 12/01/2039		2,500		2,686,486
New York Transportation Development Corp. (Laguardia Gateway Partners LLC) Series 2016-A 5.00%, 07/01/2041		15,840		16,354,623
5.00%, 07/01/2046		17,215		17,736,539
5.25%, 01/01/2050		13,885		14,348,055
Niagara Area Development Corp. (Covanta Holding Corp.) Series 2018-A 4.75%, 11/01/2042(a)		6,045		6,044,579

43

	Principal Amount (000)		U.S. $ Value
Orange County Funding Corp. (The Hamlet at Wallkill) Series 2013 6.50%, 01/01/2046	$	1,035	$	914,302
Port Authority of New York & New Jersey Series 2013-178 5.00%, 12/01/2033		5,000		5,129,567
Series 2021 3.175%, 07/15/2060		10,000		7,755,015
Triborough Bridge & Tunnel Authority 5.25%, 05/15/2057(c)		10,000		11,575,408
Series 2020-A 5.00%, 11/15/2054		3,000		3,276,401
Triborough Bridge & Tunnel Authority (Metropolitan Transportation Authority Payroll Mobility Tax Revenue) Series 2021-A 2.591%, 05/15/2036(c)		4,000		3,351,792
2.917%, 05/15/2040(c)		10,000		8,077,211
Series 2022-C 5.00%, 05/15/2047(c)		10,000		11,336,392
5.25%, 05/15/2052(c)		10,000		11,494,355
TSASC, Inc./NY Series 2017-A 5.00%, 06/01/2041		1,560		1,633,303
Ulster County Capital Resource Corp. (Woodland Pond at New Paltz) Series 2017 5.00%, 09/15/2037		860		728,828
5.25%, 09/15/2042		365		304,840
5.25%, 09/15/2047		625		502,687
5.25%, 09/15/2053		1,340		1,049,826
Westchester County Local Development Corp. (Kendal on Hudson) Series 2013 5.00%, 01/01/2034		3,840		3,866,432
Westchester County Local Development Corp. (Purchase Senior Learning Community Obligated Group) Series 2021 3.125%, 07/01/2025(a)		6,790		6,609,979
Westchester County Local Development Corp. (Westchester County Health Care Corp. Obligated Group) Series 2016 5.00%, 11/01/2046		4,230		4,309,461
Western Regional Off-Track Betting Corp. Series 2021 3.00%, 12/01/2026(a)		1,185		1,106,403
				813,110,610
North Carolina – 0.5%
County of New Hanover NC Series 2017 5.00%, 10/01/2042 (Pre-refunded/ETM)		4,750		5,452,224
5.00%, 10/01/2047 (Pre-refunded/ETM)		1,080		1,239,664

44

	Principal Amount (000)		U.S. $ Value
Fayetteville State University Series 2023 5.00%, 04/01/2027(a) (b)	$	415	$	448,283
5.00%, 04/01/2028(a) (b)		455		495,622
5.00%, 04/01/2029(a) (b)		500		547,951
5.00%, 04/01/2030(a) (b)		545		600,391
5.00%, 04/01/2031(a) (b)		600		662,337
5.00%, 04/01/2034(a) (b)		770		848,825
5.00%, 04/01/2036(a) (b)		900		986,025
5.00%, 04/01/2037(a) (b)		970		1,059,241
5.00%, 04/01/2040(a) (b)		1,205		1,305,047
5.00%, 04/01/2042(a) (b)		1,380		1,487,470
Greater Asheville Regional Airport Authority AGM Series 2022-A 5.50%, 07/01/2047		2,880		3,275,124
5.50%, 07/01/2052		5,000		5,657,625
North Carolina Medical Care Commission Series 2015-A 5.00%, 09/01/2037 (Pre-refunded/ETM)		1,735		1,847,595
Series 2017 5.00%, 09/01/2046 (Pre-refunded/ETM)		1,000		1,066,052
North Carolina Medical Care Commission (Aldersgate United Methodist Retirement Community, Inc.) Series 2015 4.875%, 07/01/2040		5,000		5,009,880
5.00%, 07/01/2045		1,000		1,002,642
North Carolina Medical Care Commission (Pennybyrn at Maryfield) Series 2015 5.00%, 10/01/2030		2,250		2,276,515
North Carolina Medical Care Commission (Sharon Towers) Series 2019-A 5.00%, 07/01/2044		1,000		1,002,854
North Carolina Turnpike Authority Series 2018 5.00%, 01/01/2040		5,000		5,276,982
				41,548,349
North Dakota – 0.3%
City of Grand Forks ND (Altru Health System Obligated Group) Series 2021 4.00%, 12/01/2038		1,300		1,281,256
4.00%, 12/01/2040		1,875		1,838,772
4.00%, 12/01/2041		1,865		1,814,867
5.00%, 12/01/2034		2,295		2,531,761
County of Grand Forks ND (Red River Biorefinery LLC) Series 2021 6.625%, 12/15/2031(a)		5,195		3,206,213
7.00%, 12/15/2043(a)		5,390		3,214,770

45

	Principal Amount (000)		U.S. $ Value
County of Ward ND (Trinity Health Obligated Group) Series 2017-C 5.00%, 06/01/2048	$	5,000	$	5,150,906
5.00%, 06/01/2053		5,230		5,368,391
				24,406,936
Ohio – 4.1%
Akron Bath Copley Joint Township Hospital District (Summa Health System Obligated Group) Series 2020 3.00%, 11/15/2040		4,500		3,781,364
4.00%, 11/15/2036		1,000		1,009,758
4.00%, 11/15/2037		800		805,641
4.00%, 11/15/2038		750		753,552
American Municipal Power, Inc. Series 2016-A 5.00%, 02/15/2041		6,000		6,422,472
5.00%, 02/15/2046		4,000		4,253,940
Buckeye Tobacco Settlement Financing Authority Series 2020-A 4.00%, 06/01/2048		10,000		9,640,218
Series 2020-B 5.00%, 06/01/2055		176,110		175,844,866
City of Chillicothe OH (Adena Health System Obligated Group) Series 2017 5.00%, 12/01/2037		3,765		4,020,491
5.00%, 12/01/2047		3,735		3,930,126
County of Allen/OH Hospital Facilities Revenue (Bon Secours Mercy Health, Inc.) Series 2020 4.00%, 12/01/2040		10,390		10,430,346
County of Cuyahoga OH (MetroHealth System (The)) Series 2017 5.00%, 02/15/2042		6,490		6,694,089
5.00%, 02/15/2052		5,680		5,802,713
5.25%, 02/15/2047		12,860		13,399,383
County of Franklin OH (First Community Village Obligated Group) Series 2019 5.00%, 07/01/2049		3,855		3,446,826
County of Hamilton OH (UC Health Obligated Group) Series 2020 5.00%, 09/15/2050		18,425		19,558,169
County of Hardin OH (Ohio Northern University) Series 2020 5.25%, 05/01/2040		500		489,229
5.50%, 05/01/2050		1,000		976,277
County of Marion OH (United Church Homes, Inc. Obligated Group) Series 2019 5.125%, 12/01/2049		2,210		2,192,237
County of Montgomery OH (Trousdale Foundation Obligated Group) Series 2018 6.00%, 04/01/2038(a) (e) (f)		2,000		752,000
Series 2018-A 6.25%, 04/01/2049(a) (e) (f)		10,105		3,799,480

46

	Principal Amount (000)		U.S. $ Value
County of Ross OH (Adena Health System Obligated Group) Series 2019 5.00%, 12/01/2049	$	6,000	$	6,374,112
Ohio Air Quality Development Authority (Ohio Valley Electric Corp.) Series 2019 3.25%, 09/01/2029		1,780		1,733,903
Ohio Higher Educational Facility Commission (John Carroll University) Series 2022 4.00%, 10/01/2052		6,000		5,641,012
Ohio Higher Educational Facility Commission (Kenyon College) Series 2020 5.00%, 07/01/2038		2,520		2,760,675
5.00%, 07/01/2039		2,635		2,880,163
5.00%, 07/01/2042		4,535		4,923,040
Port of Greater Cincinnati Development Authority Series 2021 4.375%, 06/15/2056		3,480		3,260,247
Toledo-Lucas County Port Authority (ParkUToledo Inc) Series 2021 4.00%, 01/01/2057		6,500		5,472,677
Toledo-Lucas County Port Authority (ParkUToledo, Inc.) Series 2021 4.00%, 01/01/2041		3,000		2,760,424
4.00%, 01/01/2043		2,000		1,815,004
4.00%, 01/01/2046		2,000		1,776,387
4.00%, 01/01/2051		8,500		7,275,917
				324,676,738
Oklahoma – 0.7%
Oklahoma Development Finance Authority (Oklahoma City University Obligated Group) Series 2019 5.00%, 08/01/2044		7,650		7,758,836
5.00%, 08/01/2049		7,980		8,050,766
Oklahoma Development Finance Authority (OU Medicine Obligated Group) Series 2018-B 5.25%, 08/15/2043		19,045		18,436,657
5.50%, 08/15/2052		5,615		5,495,265
5.50%, 08/15/2057		19,170		18,344,589
				58,086,113
Oregon – 0.3%
Clackamas County Hospital Facility Authority (Rose Villa, Inc. Obligated Group) Series 2020 2.75%, 11/15/2025		1,000		985,428
Series 2020-A 5.125%, 11/15/2040		750		758,067
5.375%, 11/15/2055		1,300		1,307,122

47

	Principal Amount (000)		U.S. $ Value
Medford Hospital Facilities Authority (Asante Health System Obligated Group) Series 2020-A 5.00%, 08/15/2045	$	4,500	$	4,896,251
5.00%, 08/15/2050		5,500		5,932,351
Oregon State Facilities Authority (Samaritan Health Services, Inc. Obligated Group) Series 2020 5.00%, 10/01/2040		1,750		1,884,510
Tri-County Metropolitan Transportation District of Oregon Series 2021-A 4.00%, 09/01/2040		3,000		3,120,206
Yamhill County Hospital Authority (Friendsview Manor Obligated Group) Series 2021-B 1.75%, 11/15/2026		1,300		1,226,538
				20,110,473
Pennsylvania – 6.0%
Allegheny County Hospital Development Authority (Allegheny Health Network Obligated Group) Series 2018-A 5.00%, 04/01/2034		10,135		10,908,412
5.00%, 04/01/2035		12,500		13,392,044
5.00%, 04/01/2036		10,900		11,658,720
Allentown Neighborhood Improvement Zone Development Authority Series 2017 5.00%, 05/01/2042(a)		2,270		2,330,543
Series 2022 5.25%, 05/01/2042(a)		11,545		12,160,113
Bensalem Township School District Series 2013 5.00%, 06/01/2029 (Pre-refunded/ETM)		8,570		8,957,048
Berks County Industrial Development Authority (Highlands at Wyomissing (The)) Series 2018 5.00%, 05/15/2048		1,000		1,023,146
Berks County Industrial Development Authority (Tower Health Obligated Group) Series 2017 5.00%, 11/01/2047		5,020		3,882,351
5.00%, 11/01/2050		9,270		7,179,248
Berks County Municipal Authority (The) (Tower Health Obligated Group) Series 2012-A 4.50%, 11/01/2041		4,050		3,026,565
Series 2020-B 5.00%, 02/01/2040		7,000		6,666,509
Bucks County Industrial Development Authority (Grand View Hospital/Sellersville PA Obligated Group) Series 2021 4.00%, 07/01/2051		5,000		4,009,113
5.00%, 07/01/2031		1,150		1,256,083
5.00%, 07/01/2054		5,000		4,954,017

48

	Principal Amount (000)		U.S. $ Value
Chambersburg Area Municipal Authority (Wilson College) Series 2018 5.75%, 10/01/2043	$	1,350	$	1,399,560
6.00%, 10/01/2048		9,000		9,359,523
Chester County Industrial Development Authority (Woodlands at Greystone Neighborhood Improvement District) Series 2018 5.125%, 03/01/2048(a)		988		996,300
City of Philadelphia PA Series 2017 5.00%, 08/01/2029		6,000		6,730,196
5.00%, 08/01/2031		6,110		6,760,437
Series 2019-B 5.00%, 02/01/2035		2,400		2,718,898
5.00%, 02/01/2036		3,300		3,699,810
5.00%, 02/01/2037		2,900		3,232,835
5.00%, 02/01/2038		2,700		2,995,060
AGM Series 2017-A 5.00%, 08/01/2033		3,000		3,306,552
5.00%, 08/01/2034		10,000		10,945,806
City of Philadelphia PA Water & Wastewater Revenue 2.189%, 07/01/2032(c)		3,725		3,206,462
2.289%, 07/01/2033(c)		3,060		2,598,422
Series 2017-A 5.00%, 10/01/2035		3,805		4,223,529
5.00%, 10/01/2036		1,300		1,440,820
Commonwealth of Pennsylvania (Commonwealth of Pennsylvania COP) Series 2018-A 5.00%, 07/01/2038		1,120		1,241,558
County of Lehigh PA (Lehigh Valley Health Network Obligated Group) Series 2016-A 4.00%, 07/01/2035		10,000		10,055,756
Series 2019 5.00%, 07/01/2044		6,885		7,409,640
Crawford County Hospital Authority (Meadville Medical Center Obligated Group) Series 2016-A 6.00%, 06/01/2046		1,175		1,227,013
6.00%, 06/01/2051		2,200		2,292,371
Cumberland County Municipal Authority (Asbury Pennsylvania Obligated Group) Series 2019 5.00%, 01/01/2045		1,815		1,826,794
Geisinger Authority (Geisinger Health System Obligated Group) Series 2017 4.00%, 02/15/2047		20,385		20,152,715
Series 2020 4.00%, 04/01/2050		9,060		8,920,841
Geisinger Pennsylvania Authority Health System 5.00%, 04/01/2050(c)		10,000		10,706,412

49

	Principal Amount (000)		U.S. $ Value
Lancaster County Hospital Authority/PA (St Anne’s Retirement Community Obligated Group) Series 2020 5.00%, 03/01/2040	$	2,000	$	1,983,753
5.00%, 03/01/2050		500		482,576
Series 2022 5.00%, 03/01/2029		2,170		2,238,609
Montgomery County Higher Education and Health Authority (HumanGood Pennsylvania Obligated Group) Series 2017 5.00%, 12/01/2047		1,500		1,555,969
Montgomery County Higher Education and Health Authority (Thomas Jefferson University Obligated Group) Series 2018 5.00%, 09/01/2035		3,600		3,926,276
Series 2019 4.00%, 09/01/2049		5,900		5,823,848
5.00%, 09/01/2051		2,300		2,466,166
Series 2022 5.00%, 05/01/2057(c)		16,395		17,723,025
Montgomery County Industrial Development Authority/PA (ACTS Retirement-Life Communities, Inc. Obligated Group) Series 2020 4.00%, 11/15/2043		500		482,578
5.00%, 11/15/2045		1,560		1,673,564
Montgomery County Industrial Development Authority/PA (Whitemarsh Continuing Care Retirement Community) Series 2015 5.00%, 01/01/2030		1,040		1,056,246
5.25%, 01/01/2040		4,740		4,802,952
Moon Industrial Development Authority (Baptist Homes Society Obligated Group) Series 2015 6.125%, 07/01/2050		2,500		2,395,272
Moon Industrial Development Authority (Baptist Homes Society) Series 2015 5.75%, 07/01/2035		5,135		5,015,947
6.00%, 07/01/2045		2,600		2,505,906
Northeastern Pennsylvania Hospital and Education Authority (Wilkes University) Series 2016-A 5.00%, 03/01/2037		2,925		3,023,661
Series 2016-B 5.25%, 03/01/2031		1,140		1,208,769
5.25%, 03/01/2037		1,170		1,225,466
Pennsylvania Economic Development Financing Authority (Covanta Holding Corp.) Series 2019 3.25%, 08/01/2039(a)		2,330		1,935,115

50

	Principal Amount (000)		U.S. $ Value
Pennsylvania Economic Development Financing Authority (Iron Cumberland LLC) Series 2022 7.00%, 12/01/2029	$	31,570	$	31,800,549
Pennsylvania Economic Development Financing Authority (National Railroad Passenger Corp.) Series 2012-A 5.00%, 11/01/2041		1,620		1,623,950
Pennsylvania Economic Development Financing Authority (PA Bridges Finco LP) Series 2015 5.00%, 12/31/2034		2,830		2,957,914
Pennsylvania Economic Development Financing Authority (Pennsylvania Economic Development Finance Authority Sewage) Series 2020 3.00%, 01/01/2023		750		753,431
4.00%, 01/01/2027		1,530		1,594,108
4.00%, 01/01/2029		450		468,626
4.00%, 01/01/2030		400		415,672
4.00%, 01/01/2032		800		823,773
Pennsylvania Economic Development Financing Authority (UPMC Obligated Group) Series 2020-A 4.00%, 04/15/2036(c)		2,755		2,800,645
4.00%, 04/15/2037(c)		3,400		3,438,328
4.00%, 04/15/2038(c)		5,000		5,035,476
4.00%, 04/15/2039(c)		5,000		5,024,146
Series 2020-A1 4.00%, 04/15/2040(c)		8,375		8,395,979
Pennsylvania Higher Educational Facilities Authority (Drexel University) Series 2016 5.00%, 05/01/2032		1,000		1,060,304
Pennsylvania Turnpike Commission Series 2016 5.00%, 06/01/2037		4,000		4,220,534
Series 2017-B 5.00%, 06/01/2035		7,850		8,502,537
5.00%, 06/01/2036		5,000		5,401,131
Series 2018-A 5.00%, 12/01/2043		10,000		10,899,135
Series 2019-A 5.00%, 12/01/2038		5,435		5,979,318
5.00%, 12/01/2044		3,745		4,060,271
Series 2021-A 4.00%, 12/01/2042		4,000		4,033,770
Series 2021-B 4.00%, 12/01/2043		1,725		1,732,590

51

	Principal Amount (000)		U.S. $ Value
Philadelphia Authority for Industrial Development (City of Philadelphia PA) Series 2018 5.00%, 05/01/2035	$	1,000	$	1,118,914
Philadelphia Authority for Industrial Development (MaST Community Charter School II) Series 2020 5.00%, 08/01/2040		600		624,409
5.00%, 08/01/2050		1,425		1,460,574
Philadelphia Authority for Industrial Development (MaST Community Charter School III) Series 2021 5.00%, 08/01/2050		5,000		5,124,823
5.00%, 08/01/2054		3,560		3,628,585
Philadelphia Authority for Industrial Development (Philadelphia Performing Arts Charter School) Series 2020 5.00%, 06/15/2050(a)		1,700		1,692,728
Philadelphia Gas Works Co. Series 2017 5.00%, 08/01/2042		5,000		5,317,446
School District of Philadelphia (The) Series 2015-A 5.00%, 09/01/2034		1,615		1,753,889
5.00%, 09/01/2035		1,000		1,084,752
Series 2016-F 5.00%, 09/01/2033		3,000		3,222,424
5.00%, 09/01/2036		1,000		1,066,621
Series 2018-A 5.00%, 09/01/2034		1,000		1,097,934
5.00%, 09/01/2036		1,000		1,092,236
5.00%, 09/01/2037		1,000		1,088,977
5.00%, 09/01/2038		1,000		1,084,806
Series 2018-B 5.00%, 09/01/2043		3,000		3,232,863
Series 2019-A 4.00%, 09/01/2037		2,230		2,310,151
4.00%, 09/01/2038		1,700		1,756,481
4.00%, 09/01/2039		1,600		1,648,914
5.00%, 09/01/2044(c)		17,900		19,339,033
Scranton-Lackawanna Health and Welfare Authority (Scranton Parking System Concession Project) Series 2016-A 5.00%, 01/01/2051(a)		6,765		4,599,995
5.00%, 01/01/2057(a)		5,345		3,517,023
Series 2016-B 6.08%, 01/01/2026(a)		610		585,196
Series 2016-C Zero Coupon, 01/01/2036(a)		2,945		996,971
Series 2016-D Zero Coupon, 01/01/2057(h)		58,055		3,483,300
State Public School Building Authority AGM Series 2016 5.00%, 12/01/2029 (Pre-refunded/ETM)		220		248,068
5.00%, 12/01/2029		1,365		1,517,516
5.00%, 12/01/2030		7,160		7,938,160

52

	Principal Amount (000)		U.S. $ Value
Union County Hospital Authority (Evangelical Community Hospital Obligated Group) Series 2018 5.00%, 08/01/2038	$	2,685	$	2,906,109
5.00%, 08/01/2043		5,750		6,135,788
				482,073,793
Puerto Rico – 4.1%
Children’s Trust Fund Series 2005-A Zero Coupon, 05/15/2050		8,370		1,420,258
Series 2008-A Zero Coupon, 05/15/2057		261,400		17,128,183
Commonwealth of Puerto Rico Series 2021-A Zero Coupon, 07/01/2024		707		657,212
Zero Coupon, 07/01/2033		6,410		3,810,110
4.00%, 07/01/2033		16,025		15,339,859
4.00%, 07/01/2035		4,200		3,964,155
4.00%, 07/01/2037		1,631		1,522,370
4.00%, 07/01/2041		2,217		2,034,196
4.00%, 07/01/2046		2,306		2,075,122
5.25%, 07/01/2023		1,180		1,203,815
5.375%, 07/01/2025		7,870		8,241,667
5.625%, 07/01/2027		8,953		9,699,180
5.625%, 07/01/2029		3,905		4,314,313
5.75%, 07/01/2031		3,784		4,245,935
Series 2022-A 0.00%, 11/01/2051		6,385		3,136,631
Series 2022-C 0.00%, 11/01/2043		68,677		36,656,408
GDB Debt Recovery Authority of Puerto Rico Series 2018 7.50%, 08/20/2040		7,727		6,838,122
PR Custodial Trust Series 2022 5.50%, 07/01/2029		409		426,799
Puerto Rico Commonwealth Aqueduct & Sewer Authority Series 2008-A 6.125%, 07/01/2024		3,590		3,719,811
Puerto Rico Electric Power Authority Series 2007-T 5.00%, 07/01/2032(e) (f)		7,315		5,980,012
5.00%, 07/01/2037(e) (f)		14,970		12,237,975
Series 2008-W 5.25%, 07/01/2033(e) (f)		1,000		817,500
5.50%, 07/01/2038(e) (f)		10,490		8,614,912
Series 2010-A 5.25%, 07/01/2029(e) (f)		2,950		2,411,625
5.25%, 07/01/2030(e) (f)		1,040		850,200
Series 2010-C 5.00%, 07/01/2024(e) (f)		1,735		1,418,363
Series 2010-DDD 5.00%, 07/01/2021(e) (i)		1,050		858,375

53

	Principal Amount (000)		U.S. $ Value
Series 2010-X 5.25%, 07/01/2040(e) (f)	$	12,605	$	10,304,587
5.75%, 07/01/2036(e) (f)		7,375		6,084,375
Series 2010-ZZ 5.25%, 07/01/2024(e) (f)		2,565		2,096,887
5.25%, 07/01/2025(e) (f)		620		506,850
Series 2012-A 5.00%, 07/01/2029(e) (f)		2,510		2,051,925
5.00%, 07/01/2042(e) (f)		1,740		1,422,450
AGM Series 2007-U 5.00%, 07/01/2023(e) (f)		1,050		1,068,652
AGM Series 2007-V 5.25%, 07/01/2031(e) (f)		25,380		25,823,312
NATL Series 2007-V 5.25%, 07/01/2029(e) (f)		5,965		6,090,325
Puerto Rico Highway & Transportation Authority AGC Series 2005-L 5.25%, 07/01/2041		8,600		8,673,607
AGC Series 2007-C 5.50%, 07/01/2031		1,235		1,284,743
AGC Series 2007-N 5.25%, 07/01/2036		825		841,012
AGM Series 2007-C 5.25%, 07/01/2036		1,800		1,835,007
NATL Series 2007 5.50%, 07/01/2028		1,000		1,035,992
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth (AES Puerto Rico LP) Series 2000 6.625%, 06/01/2026		23,735		24,533,604
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Series 2018-A Zero Coupon, 07/01/2024		195		182,914
Zero Coupon, 07/01/2027		537		452,982
Zero Coupon, 07/01/2029		523		404,309
Zero Coupon, 07/01/2046		15,224		4,418,484
Series 2019-A 4.329%, 07/01/2040		15,975		15,815,440
4.55%, 07/01/2040		1,198		1,204,852
5.00%, 07/01/2058		54,251		54,721,421
				330,476,838
Rhode Island – 0.0%
Rhode Island Health and Educational Building Corp. (City of Woonsocket RI Lease) AGM Series 2017-A 5.00%, 05/15/2028		1,000		1,127,492
5.00%, 05/15/2029		1,000		1,122,526
				2,250,018

54

	Principal Amount (000)		U.S. $ Value
South Carolina – 2.1%
Columbia Housing Authority/SC Series 2022 4.80%, 11/01/2024	$	5,010	$	4,990,330
5.26%, 11/01/2032		800		809,272
5.41%, 11/01/2039		12,570		12,763,466
6.28%, 11/01/2039		545		552,464
South Carolina Jobs-Economic Development Authority (Bon Secours Mercy Health, Inc.) Series 2020 5.00%, 12/01/2046		9,595		10,428,363
South Carolina Jobs-Economic Development Authority (Last Step Recycling LLC) Series 2021 6.25%, 06/01/2040(a)		6,100		5,201,976
6.50%, 06/01/2051(a)		4,920		4,074,015
South Carolina Jobs-Economic Development Authority (Lutheran Homes of South Carolina Obligated Group) Series 2013 5.00%, 05/01/2043		1,000		931,478
5.125%, 05/01/2048		1,000		925,302
South Carolina Jobs-Economic Development Authority (PSG Patriot’s Place Apartments LLC) Series 2022 Zero Coupon, 06/01/2052		15,630		11,675,129
South Carolina Public Service Authority Series 2016-A 5.00%, 12/01/2034		3,815		4,024,910
5.00%, 12/01/2036		1,000		1,051,373
Series 2016-B 5.00%, 12/01/2037		3,430		3,623,768
5.00%, 12/01/2041		10,500		11,030,685
5.00%, 12/01/2046		17,500		18,272,830
5.00%, 12/01/2056		7,350		7,651,636
Series 2022 4.00%, 12/01/2038		550		553,457
4.00%, 12/01/2046		3,031		2,947,619
4.00%, 12/01/2049		11,781		11,364,273
4.00%, 12/01/2050		5,155		4,965,857
5.00%, 12/01/2036		447		495,970
5.00%, 12/01/2038		1,742		1,919,301
Series 2022-A 4.00%, 12/01/2047		25,000		24,247,292
4.00%, 12/01/2052		20,000		19,223,426
University of South Carolina Series 2021-A 5.00%, 05/01/2039		5,695		6,501,318
				170,225,510
South Dakota – 0.5%
County of Lincoln SD (Augustana College Association (The)) Series 2021 4.00%, 08/01/2056		2,415		2,068,288
4.00%, 08/01/2061		2,960		2,468,298

55

	Principal Amount (000)		U.S. $ Value
South Dakota Health & Educational Facilities Authority Series 2017 5.00%, 09/01/2040(c)	$	30,070	$	31,620,935
South Dakota Health & Educational Facilities Authority (Regional Health System Obligated Group/SD) Series 2017 5.00%, 09/01/2033(c)		6,520		6,968,453
				43,125,974
Tennessee – 1.1%
Bristol Industrial Development Board (Bristol Industrial Development Board Sales Tax) Series 2016-A 5.00%, 12/01/2035(a)		9,080		9,105,129
5.125%, 12/01/2042(a)		28,990		29,026,904
Series 2016-B Zero Coupon, 12/01/2031(a)		2,000		1,245,534
Chattanooga Health Educational & Housing Facility Board (CommonSpirit Health) Series 2019-A 4.00%, 08/01/2038		1,000		1,005,962
5.00%, 08/01/2044		6,140		6,527,495
5.00%, 08/01/2049		5,120		5,414,115
Johnson City Health & Educational Facilities Board (Mountain States Health Alliance Obligated Group) Series 2012 5.00%, 08/15/2042		5,250		5,256,841
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board (Trousdale Foundation Obligated Group) Series 2018-A 6.25%, 04/01/2049(a) (e) (f)		5,040		1,895,040
Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board (Vanderbilt University Medical Center Obligated Group) Series 2016 5.00%, 07/01/2040		2,435		2,588,403
Series 2017-A 5.00%, 07/01/2048		2,335		2,478,128
Metropolitan Government Nashville & Davidson County Industrial Development Board (South Nashville Central Business Improvement District) Series 2021 Zero Coupon, 06/01/2043(a)		4,000		1,353,560
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue Series 2021-A 4.00%, 07/01/2046		10,000		10,141,490
Shelby County Health Educational & Housing Facilities Board Series 2012 5.25%, 12/01/2042 (Pre-refunded/ETM)		1,000		1,012,346

56

	Principal Amount (000)		U.S. $ Value
Wilson County Health & Educational Facilities Board Series 2021 4.00%, 12/01/2039	$	10,000	$	8,114,350
4.25%, 12/01/2024		6,000		5,741,047
				90,906,344
Texas – 6.2%
Abilene Convention Center Hotel Development Corp. (City of Abilene TX Abilene Convention Center Revenue) Series 2021-B 5.00%, 10/01/2050(a)		5,300		4,835,551
Arlington Higher Education Finance Corp. (BASIS Texas Charter Schools, Inc.) Series 2021 4.50%, 06/15/2056(a)		1,000		979,115
Arlington Higher Education Finance Corp. (Wayside Schools) Series 2021-A 4.00%, 08/15/2036		500		459,482
4.00%, 08/15/2046		695		589,765
Baytown Municipal Development District (Baytown Municipal Development District Baytown Convention Center Hotel Revenue) Series 2021 4.00%, 10/01/2045		8,545		8,726,457
4.00%, 10/01/2050		3,815		3,872,723
Brazoria County Industrial Development Corp. (Aleon Renewable Metals LLC) Series 2022 10.00%, 06/01/2042(a)		10,000		9,807,288
Central Texas Regional Mobility Authority Series 2013 5.00%, 01/01/2042 (Pre-refunded/ETM)		3,500		3,549,396
Series 2015-A 5.00%, 01/01/2045 (Pre-refunded/ETM)		4,905		5,358,758
Series 2020-A 5.00%, 01/01/2044		2,230		2,410,615
5.00%, 01/01/2049		3,940		4,232,588
Series 2021-B 5.00%, 01/01/2046		4,600		4,980,092
Series 2021-C 5.00%, 01/01/2027		7,000		7,583,576
Central Texas Turnpike System Series 2015-C 5.00%, 08/15/2037		6,800		7,013,699
City of Austin TX Airport System Revenue Series 2019-B 5.00%, 11/15/2039		1,000		1,100,002
City of Houston TX Series 2021-B 2.047%, 03/01/2033		2,495		2,135,531
2.147%, 03/01/2034		7,405		6,285,623

57

	Principal Amount (000)		U.S. $ Value
City of Houston TX (City of Houston TX Hotel Occupancy Tax) Series 2015 5.00%, 09/01/2030	$	1,965	$	2,046,190
City of Houston TX Airport System Revenue (United Airlines, Inc.) Series 2014 5.00%, 07/01/2029		16,960		17,285,529
Series 2015-B 5.00%, 07/15/2030		1,960		2,001,485
5.00%, 07/15/2035		1,000		1,015,908
Series 2018 5.00%, 07/15/2028		22,875		23,744,122
Series 2020 5.00%, 07/01/2027		1,750		1,817,863
5.00%, 07/15/2027		2,500		2,597,222
City of San Antonio TX Electric & Gas Systems Revenue Series 2021-A 5.00%, 02/01/2046		5,000		5,581,828
Clifton Higher Education Finance Corp. (IDEA Public Schools) Series 2012 5.00%, 08/15/2042		530		530,549
Series 2013 6.00%, 08/15/2043		1,000		1,026,769
Conroe Local Government Corp. (Conroe Local Government Corp. Conroe Convention Center Hotel) Series 2021 4.00%, 10/01/2050		2,525		2,410,014
Dallas County Flood Control District No. 1 Series 2015 5.00%, 04/01/2028(a)		1,650		1,660,176
Dallas Fort Worth International Airport Series 2022-A 4.507%, 11/01/2051		2,000		1,961,141
Series 2022-B 4.00%, 11/01/2042(b)		21,490		21,758,679
Decatur Hospital Authority (Wise Regional Health System) Series 2014-A 5.25%, 09/01/2044		3,150		3,207,042
Grand Parkway Transportation Corp. Series 2018 5.00%, 02/01/2023		5,340		5,414,938
Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System Obligated Group) Series 2022 5.00%, 07/01/2052		10,000		10,813,097
Hidalgo County Regional Mobility Authority Series 2022-A Zero Coupon, 12/01/2042		2,000		726,534
Series 2022-B Zero Coupon, 12/01/2042		1,395		463,843
Zero Coupon, 12/01/2043		2,000		622,152
Zero Coupon, 12/01/2044		5,640		1,632,387
Zero Coupon, 12/01/2055		2,895		416,833
Zero Coupon, 12/01/2056		5,000		674,737

58

	Principal Amount (000)		U.S. $ Value
Irving Hospital Authority (Baylor Medical Center at Irving) Series 2017-A 5.00%, 10/15/2044	$	7,305	$	7,585,960
Katy Independent School District Series 2022 4.00%, 02/15/2047		6,450		6,583,907
Lower Colorado River Authority (LCRA Transmission Services Corp.) Series 2022 5.00%, 05/15/2034		3,015		3,477,851
5.00%, 05/15/2035		4,100		4,684,863
5.00%, 05/15/2042		18,710		20,875,415
Mission Economic Development Corp. (Natgasoline LLC) Series 2018 4.625%, 10/01/2031(a)		25,410		26,061,362
New Hope Cultural Education Facilities Finance Corp. Series 2017-A 5.00%, 04/01/2037 (Pre-refunded/ETM)		2,050		2,324,302
New Hope Cultural Education Facilities Finance Corp. (Army Retirement Residence Obligated Group) Series 2022 5.75%, 07/15/2052		4,490		4,538,338
6.00%, 07/15/2057		10,300		10,508,211
New Hope Cultural Education Facilities Finance Corp. (BSPV - Plano LLC) Series 2019 7.25%, 12/01/2053(e) (f)		7,820		7,038,000
New Hope Cultural Education Facilities Finance Corp. (Buckingham Senior Living Community, Inc. Obligated Group) Series 2021 2.00%, 11/15/2061		200		113,966
7.50%, 11/15/2036		50		45,236
7.50%, 11/15/2037		10		8,766
New Hope Cultural Education Facilities Finance Corp. (Legacy at Midtown Park, Inc. Obligated Group) Series 2018-A 5.50%, 07/01/2054		4,500		3,979,291
New Hope Cultural Education Facilities Finance Corp. (Morningside Ministries Obligated Group) Series 2020 5.00%, 01/01/2040		790		776,447
5.00%, 01/01/2055		3,010		2,813,475
Series 2022 4.00%, 01/01/2047(b)		4,575		3,672,303
4.25%, 01/01/2057(b)		1,380		1,069,882
5.00%, 01/01/2057(b)		2,950		2,677,219

59

	Principal Amount (000)		U.S. $ Value
New Hope Cultural Education Facilities Finance Corp. (Outlook at Windhaven Forefront Living Obligated Group) Series 2022 6.875%, 10/01/2057(b)	$	500	$	515,604
Newark Higher Education Finance Corp. (Abilene Christian University) Series 2022 4.00%, 04/01/2057		10,000		9,447,589
North East Texas Regional Mobility Authority Series 2016 5.00%, 01/01/2046		4,940		5,075,222
North Texas Tollway Authority (North Texas Tollway System) Series 2014-B 5.00%, 01/01/2031		8,975		9,320,047
Series 2015-A 5.00%, 01/01/2035		7,000		7,379,366
Series 2017-B 5.00%, 01/01/2033		1,400		1,531,159
5.00%, 01/01/2043		6,000		6,433,936
Series 2020 3.079%, 01/01/2042		4,990		3,879,826
Series 2021 3.011%, 01/01/2043(c)		7,500		5,990,798
Port Beaumont Navigation District (Jefferson Railport Terminal II LLC) Series 2020 4.00%, 01/01/2050(a)		3,315		2,749,806
Series 2021 2.125%, 01/01/2028(a)		540		476,342
2.25%, 01/01/2029(a)		800		690,111
2.50%, 01/01/2030(a)		905		772,328
2.625%, 01/01/2031(a)		500		421,394
Red River Health Facilities Development Corp. Series 2014-A 7.75%, 11/15/2044 (Pre-refunded/ETM)		1,315		1,480,886
Sanger Industrial Development Corp. (Texas Pellets, Inc.) Series 2012-B 8.00%, 07/01/2038(e) (f) (g)		2,180		545,000
Tarrant County Cultural Education Facilities Finance Corp. (Edgemere Retirement Senior Quality Lifestyles Corp.) Series 2015-A 5.00%, 11/15/2045(e) (f)		3,540		1,416,000
Series 2015-B 5.00%, 11/15/2030(e) (f)		4,000		1,600,000
Series 2017 5.25%, 11/15/2047(e) (f)		1,115		446,000

60

	Principal Amount (000)		U.S. $ Value
Tarrant County Cultural Education Facilities Finance Corp. (Stayton at Museum Way) Series 2020-A 5.75%, 12/01/2054	$	6,475	$	5,330,364
Tarrant County Cultural Education Facilities Finance Corp. (Trinity Terrace Project) Series 2014-A1 5.00%, 10/01/2044		1,065		1,083,744
5.00%, 10/01/2049		4,285		4,352,387
Texas Municipal Gas Acquisition & Supply Corp. I (Bank of America Corp.) Series 2008-D 6.25%, 12/15/2026		7,595		8,209,330
Texas Private Activity Bond Surface Transportation Corp. (Blueridge Transportation Group LLC) Series 2016 5.00%, 12/31/2040		1,255		1,278,930
5.00%, 12/31/2050		13,750		13,907,099
Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners LLC) Series 2019 4.00%, 12/31/2037		4,000		3,959,504
4.00%, 12/31/2038		2,600		2,559,372
4.00%, 12/31/2039		2,500		2,448,887
Texas Private Activity Bond Surface Transportation Corp. (NTE Mobility Partners Segments 3 LLC) Series 2013 6.75%, 06/30/2043		3,600		3,716,661
Series 2019 5.00%, 06/30/2058		75,330		77,362,833
Texas Transportation Commission State Highway 249 System Series 2019 5.00%, 08/01/2057		7,500		7,787,060
Texas Water Development Board (State Water Implementation Revenue Fund for Texas) Series 2021 4.00%, 10/15/2036		2,000		2,127,057
4.00%, 10/15/2037		7,000		7,380,820
4.00%, 04/15/2038		1,245		1,308,403
Uptown Development Authority Series 2017-A 5.00%, 09/01/2035		1,015		1,055,154
				496,203,112
Utah – 0.2%
City of Salt Lake City UT Airport Revenue Series 2018-A 5.00%, 07/01/2048(c)		7,245		7,770,303
Military Installation Development Authority Series 2021-A 4.00%, 06/01/2052		5,000		3,894,349
Utah Infrastructure Agy Teleco Series 2022 5.00%, 10/15/2032		1,000		1,065,477
5.00%, 10/15/2037		1,410		1,474,567
				14,204,696

61

	Principal Amount (000)		U.S. $ Value
Vermont – 0.1%
Vermont Economic Development Authority (Casella Waste Systems, Inc.) Series 2018 4.625%, 04/01/2036(a)	$	1,100	$	1,097,494
Series 2022 5.00%, 06/01/2052(a)		3,750		3,800,405
				4,897,899
Virginia – 2.4%
Arlington County Industrial Development Authority (Virginia Hospital Center Arlington Health System/VA) Series 2020 4.00%, 07/01/2038		1,435		1,462,111
4.00%, 07/01/2040		2,125		2,157,940
4.00%, 07/01/2045		1,060		1,066,992
5.00%, 07/01/2036		850		936,444
Cherry Hill Community Development Authority (Potomac Shores Project) Series 2015 5.15%, 03/01/2035(a)		1,000		1,012,715
Chesapeake Bay Bridge & Tunnel District Series 2016 5.00%, 07/01/2046		1,000		1,049,129
Fairfax County Economic Development Authority Series 2013-A 5.00%, 12/01/2047 (Pre-refunded/ETM)		1,955		2,040,649
Henrico County Economic Development Authority (Westminster-Canterbury Corp. Obligated Group) Series 2022 5.00%, 10/01/2047		2,000		2,151,074
5.00%, 10/01/2052		4,500		4,799,659
Tobacco Settlement Financing Corp./VA Series 2007-B1 5.00%, 06/01/2047		7,490		7,490,625
Virginia College Building Authority (Marymount University) Series 2015 5.00%, 07/01/2045(a)		1,500		1,517,148
5.25%, 07/01/2035(a)		1,000		1,026,822
Series 2015-A 5.00%, 07/01/2045(a)		1,110		1,122,689
Virginia Small Business Financing Authority (95 Express Lanes LLC) Series 2022 4.00%, 01/01/2040		3,000		2,925,881
4.00%, 07/01/2040		500		487,408
4.00%, 01/01/2048		20,770		19,608,625
Virginia Small Business Financing Authority (Capital Beltway Express LLC) Series 2022 5.00%, 12/31/2047		17,000		18,175,854
5.00%, 12/31/2052		17,790		18,936,487
5.00%, 12/31/2057		10,500		11,104,092

62

	Principal Amount (000)		U.S. $ Value
Virginia Small Business Financing Authority (Elizabeth River Crossings OpCo LLC) Series 2022 4.00%, 01/01/2030	$	3,070	$	3,200,512
4.00%, 01/01/2031		5,650		5,882,899
4.00%, 01/01/2033		7,500		7,736,396
4.00%, 01/01/2034		3,500		3,586,086
4.00%, 01/01/2037		10,000		10,102,320
Virginia Small Business Financing Authority (I-66 Express Mobility Partners LLC) Series 2017 5.00%, 12/31/2052		2,250		2,331,068
Virginia Small Business Financing Authority (National Senior Campuses, Inc. Obligated Group) Series 2020 4.00%, 01/01/2051		18,500		17,755,218
Virginia Small Business Financing Authority (Total Fiber Recovery @ Chesapeake LLC) Series 2022 6.50%, 06/01/2029(a)		20,215		20,124,785
8.50%, 06/01/2042(a)		23,525		23,342,418
				193,134,046
Washington – 1.8%
Kalispel Tribe of Indians Series 2018-A 5.25%, 01/01/2038(a)		750		813,682
King County Public Hospital District No. 4 Series 2015-A 5.00%, 12/01/2030		2,235		2,282,601
Pend Oreille County Public Utility District No. 1 Box Canyon Series 2018 5.00%, 01/01/2048		9,000		9,315,940
Port of Seattle WA Series 2015-C 5.00%, 04/01/2033		5,035		5,283,872
Series 2019 5.00%, 04/01/2044		3,380		3,606,681
Washington Health Care Facilities Authority (CommonSpirit Health) Series 2019-A 5.00%, 08/01/2037		2,000		2,157,855
5.00%, 08/01/2039		4,970		5,337,843
5.00%, 08/01/2044		12,915		13,730,064
Washington Health Care Facilities Authority (Overlake Hospital Medical Center Obligated Group) Series 2017-A 5.00%, 07/01/2035		2,350		2,542,348
Series 2017-B 5.00%, 07/01/2034		1,855		2,013,390
Washington Health Care Facilities Authority (Seattle Cancer Care Alliance Obligated Group) Series 2020 4.00%, 09/01/2045		2,045		2,032,160
5.00%, 09/01/2039		1,655		1,800,902
5.00%, 09/01/2045		2,070		2,223,208
5.00%, 09/01/2050		2,000		2,118,026

63

	Principal Amount (000)		U.S. $ Value
Washington Health Care Facilities Authority (Virginia Mason Medical Center Obligated Group) Series 2017 5.00%, 08/15/2033	$	6,250	$	6,644,606
5.00%, 08/15/2035		6,000		6,352,838
5.00%, 08/15/2036		2,000		2,114,626
5.00%, 08/15/2037		3,755		3,963,427
Washington State Convention Center Public Facilities District (Washington State Convention Center Public Facilities District Hotel Occupancy Tax) Series 2021 4.00%, 07/01/2031		19,340		19,165,779
Washington State Housing Finance Commission Series 2012-A 6.75%, 10/01/2047 (Pre-refunded/ETM)(a)		3,550		3,580,382
Series 2021-1, Class A 3.50%, 12/20/2035		19,303		18,320,968
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest Obligated Group) Series 2013 5.00%, 01/01/2028(a)		1,030		1,030,288
5.25%, 01/01/2043(a)		2,870		2,803,128
Series 2016 5.00%, 01/01/2031(a)		1,650		1,664,876
5.00%, 01/01/2046(a)		1,140		1,094,379
Series 2019-A 5.00%, 01/01/2044(a)		830		802,495
5.00%, 01/01/2049(a)		3,305		3,143,260
5.00%, 01/01/2055(a)		11,670		10,958,695
Washington State Housing Finance Commission (Rockwood Retirement Communities) Series 2014-A 7.375%, 01/01/2044(a)		3,215		3,334,703
Washington State Housing Finance Commission (Spokane United Methodist Homes Obligated Group) Series 2020 5.00%, 01/01/2051(a)		2,000		1,695,159
5.00%, 01/01/2056(a)		3,000		2,498,322
				144,426,503
West Virginia – 0.1%
City of South Charleston WV (City of South Charleston WV South Charleston Park Place Excise Tax District) Series 2022 4.50%, 06/01/2050(a)		1,000		826,218
Tobacco Settlement Finance Authority/WV Series 2020 4.875%, 06/01/2049		3,000		2,767,019

64

	Principal Amount (000)		U.S. $ Value
West Virginia Economic Development Authority (Arch Resources, Inc.) Series 2021 4.125%, 07/01/2045	$	4,035	$	4,045,458
West Virginia Hospital Finance Authority Series 2013-A 5.50%, 06/01/2044 (Pre-refunded/ETM)		2,100		2,169,937
				9,808,632
Wisconsin – 4.0%
St. Croix Chippewa Indians of Wisconsin Series 2021 5.00%, 09/30/2041(a)		8,850		7,255,398
UMA Education, Inc. Series 2019 5.00%, 10/01/2034(a)		15,970		16,384,541
5.00%, 10/01/2039(a)		5,035		5,113,413
Wisconsin Health & Educational Facilities Authority (Aspirus, Inc. Obligated Group) Series 2017 5.00%, 08/15/2052(c)		20,345		21,303,986
Wisconsin Health & Educational Facilities Authority (Marshfield Clinic Health System Obligated Group) AGM Series 2020 3.00%, 02/15/2038		1,035		924,870
4.00%, 02/15/2036		1,600		1,638,229
4.00%, 02/15/2037		1,050		1,072,000
5.00%, 02/15/2031		2,000		2,293,881
Wisconsin Health & Educational Facilities Authority (Oakwood Lutheran Senior Ministries Obligated Group) Series 2021 4.00%, 01/01/2057		9,815		8,071,828
Wisconsin Health & Educational Facilities Authority (Rogers Memorial Hospital, Inc. Obligated Group) Series 2019 5.00%, 07/01/2044		1,000		1,038,487
Wisconsin Health & Educational Facilities Authority (St. Camillus Health System Obligated Group) Series 2019 5.00%, 11/01/2039		950		956,241
5.00%, 11/01/2046		870		857,903
5.00%, 11/01/2054		1,870		1,814,509
Wisconsin Health & Educational Facilities Authority (Thedacare, Inc. Obligated Group) Series 2019 4.00%, 12/15/2035		1,795		1,829,487
4.00%, 12/15/2036		1,865		1,896,647
4.00%, 12/15/2037		1,830		1,856,923
4.00%, 12/15/2038		1,915		1,937,896

65

	Principal Amount (000)		U.S. $ Value
Wisconsin Housing & Economic Development Authority (Roers Sun Prairie Apartments Owner LLC) Series 2022 4.625%, 03/15/2040(a)	$	2,510	$	2,325,037
Series 2022-A 3.875%, 12/01/2039(a)		11,525		10,631,266
Wisconsin Public Finance Authority Series 2020 4.00%, 06/01/2045		8,840		8,441,567
Series 2022 6.00%, 02/01/2062(a)		12,000		12,423,019
Wisconsin Public Finance Authority (21st Century Public Academy) Series 2020 5.00%, 06/01/2049(a)		1,340		1,210,062
Wisconsin Public Finance Authority (ACTS Retirement-Life Communities, Inc. Obligated Group) Series 2020 4.00%, 11/15/2037		600		591,864
5.00%, 11/15/2041		1,500		1,619,248
Wisconsin Public Finance Authority (Appalachian Regional Healthcare System Obligated Group) Series 2021 4.00%, 07/01/2046		1,100		1,019,768
4.00%, 07/01/2051		1,675		1,523,833
Wisconsin Public Finance Authority (Bancroft Neurohealth Obligated Group) Series 2016 5.125%, 06/01/2048(a)		3,335		3,371,127
Wisconsin Public Finance Authority (Blue Ridge Healthcare Obligated Group) Series 2020 4.00%, 01/01/2045		1,500		1,477,689
5.00%, 01/01/2038		550		591,476
5.00%, 01/01/2039		700		751,188
5.00%, 01/01/2040		500		535,391
Wisconsin Public Finance Authority (Carmelite System, Inc. Obligated Group (The)) Series 2020 5.00%, 01/01/2045		2,030		2,141,479
Wisconsin Public Finance Authority (Catholic Bishop of Chicago (The)) Series 2021 5.75%, 07/25/2041(a)		57,000		55,062,895
Wisconsin Public Finance Authority (Celanese US Holdings LLC) Series 2016-C 4.30%, 11/01/2030		2,060		2,115,124
Series 2016-D 4.05%, 11/01/2030		720		733,002
Wisconsin Public Finance Authority (CFC-SA LLC) Series 2022 5.00%, 02/01/2052		11,500		12,133,183
5.00%, 02/01/2062		1,000		1,043,161
5.75%, 02/01/2052(a)		15,500		15,820,338

66

	Principal Amount (000)		U.S. $ Value
Wisconsin Public Finance Authority (Gannon University) Series 2017 5.00%, 05/01/2042	$	1,000	$	1,037,951
5.00%, 05/01/2047		1,650		1,699,455
Wisconsin Public Finance Authority (Mary’s Woods at Marylhurst, Inc.) Series 2017-A 5.25%, 05/15/2037(a)		1,000		995,849
5.25%, 05/15/2042(a)		1,000		977,064
5.25%, 05/15/2047(a)		1,225		1,178,914
Wisconsin Public Finance Authority (McLemore Resort Manager LLC) Series 2021 4.50%, 06/01/2056(a)		11,235		8,808,103
Wisconsin Public Finance Authority (Moses H Cone Memorial Hospital Obligated Group) Series 2022-A 5.00%, 10/01/2052		10,000		10,838,268
Wisconsin Public Finance Authority (National Senior Communities, Inc. Obligated Group) Series 2022 4.00%, 01/01/2047		1,400		1,327,959
4.00%, 01/01/2052		2,350		2,196,381
Wisconsin Public Finance Authority (Pine Lake Preparatory, Inc.) Series 2015 5.25%, 03/01/2035(a)		1,550		1,585,848
Wisconsin Public Finance Authority (Queens University of Charlotte) Series 2022 5.25%, 03/01/2042		12,000		12,550,703
5.25%, 03/01/2047		5,100		5,292,728
Wisconsin Public Finance Authority (Rose Villa, Inc. Obligated Group) Series 2014-A 5.75%, 11/15/2044(a)		1,000		1,016,791
Wisconsin Public Finance Authority (Roseman University of Health Sciences) Series 2020 5.00%, 04/01/2040(a)		1,400		1,445,783
5.00%, 04/01/2050(a)		3,250		3,318,226
Wisconsin Public Finance Authority (Samaritan Housing Foundation Obligated Group) Series 2021 4.00%, 06/01/2056(a)		29,090		20,898,730
Series 2022 4.00%, 06/01/2049(a)		3,900		2,941,815
Wisconsin Public Finance Authority (Seabury Retirement Community) Series 2015-A 5.00%, 09/01/2030(a)		545		547,112

67

	Principal Amount (000)		U.S. $ Value
Wisconsin Public Finance Authority (Sky Harbour Capital LLC Obligated Group) Series 2021 4.25%, 07/01/2054	$	3,500	$	2,699,509
Wisconsin Public Finance Authority (Southeastern Regional Medical Center Obligated Group) Series 2021 4.00%, 02/01/2046		6,500		6,016,468
4.00%, 02/01/2051		7,000		6,250,750
Wisconsin Public Finance Authority (Uwharrie Charter Academy) Series 2022 5.00%, 06/15/2052(a)		3,315		3,249,295
5.00%, 06/15/2057(a)		4,105		3,954,053
5.00%, 06/15/2062(a)		1,295		1,224,586
Wisconsin Public Finance Authority (Washoe Barton Medical Clinic) Series 2021 4.00%, 12/01/2051		3,300		2,932,483
				316,792,780
Total Long-Term Municipal Bonds (cost $8,810,674,418)				8,428,754,504
Short-Term Municipal Notes – 0.0%
Indiana – 0.0%
Indiana Finance Authority (Greencroft Goshen Obligated Group) Series 2023-2 4.00%, 11/15/2023(b) (cost $798,156)		795		794,649
Total Municipal Obligations (cost $8,811,472,574)				8,429,549,153
COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.5%
Agency CMBS – 0.5%
California Housing Finance Agency Series 2021-2, Class A 3.75%, 03/25/2035		35,130		35,984,756
Series 2021-3, Class X 0.764%, 08/20/2036(j)		20,592		1,331,685
Washington State Housing Finance Commission Series 2021-1, Class X 0.725%, 12/20/2035(j)		14,769		801,186
Total Commercial Mortgage-Backed Securities (cost $43,754,048)				38,117,627
CORPORATES - NON-INVESTMENT GRADE – 0.0%
Industrial – 0.0%
Banks – 0.0%
UMB Financial Corp. 10.00%, 01/01/2049(k) (l) (cost $1,137,676)		1,138		1,134,318

68

Company	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS – 1.9%
Investment Companies – 1.9%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 1.72%(m) (n) (o) (cost $151,951,728)		151,951,728	$	151,951,728
Total Investments – 107.5% (cost $9,008,316,026)(p)				8,620,752,826
Other assets less liabilities – (7.5)%				(602,643,869	)
Net Assets – 100.0%			$	8,018,108,957

CENTRALLY CLEARED INFLATION (CPI) SWAPS

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
USD	90,795	01/15/2025	2.565%	CPI#	Maturity	$	8,968,416		$	—		$	8,968,416
USD	45,398	01/15/2025	2.613%	CPI#	Maturity		4,397,189			—			4,397,189
USD	45,397	01/15/2025	2.585%	CPI#	Maturity		4,447,514			—			4,447,514
USD	34,210	01/15/2025	4.028%	CPI#	Maturity		1,316,839			—			1,316,839
USD	83,920	01/15/2026	CPI#	3.765%	Maturity		(3,289,942	)		—			(3,289,942	)
USD	158,000	01/15/2027	CPI#	3.320%	Maturity		(8,971,673	)		—			(8,971,673	)
USD	156,000	01/15/2027	CPI#	3.466%	Maturity		(7,411,635	)		(189,392	)		(7,222,243	)
USD	127,850	01/15/2027	CPI#	3.323%	Maturity		(7,235,398	)		—			(7,235,398	)
USD	371,020	01/15/2028	0.735%	CPI#	Maturity		87,522,334			—			87,522,334
USD	219,860	01/15/2028	1.230%	CPI#	Maturity		43,697,452			—			43,697,452
USD	273,300	01/15/2029	CPI#	3.390%	Maturity		(9,968,382	)		—			(9,968,382	)
USD	190,780	01/15/2029	CPI#	3.735%	Maturity		(1,199,338	)		—			(1,199,338	)
USD	79,070	01/15/2029	CPI#	3.331%	Maturity		(3,286,662	)		—			(3,286,662	)
USD	67,450	01/15/2030	1.572%	CPI#	Maturity		12,970,587			—			12,970,587
USD	67,450	01/15/2030	1.587%	CPI#	Maturity		12,873,216			—			12,873,216
USD	93,000	01/15/2031	2.782%	CPI#	Maturity		7,817,163			—			7,817,163
USD	85,000	01/15/2031	2.680%	CPI#	Maturity		8,045,311			—			8,045,311
USD	76,750	01/15/2031	2.989%	CPI#	Maturity		4,782,570			—			4,782,570
USD	75,410	01/15/2032	CPI#	3.064%	Maturity		(3,793,292	)		—			(3,793,292	)
USD	52,000	04/15/2032	CPI#	2.909%	Maturity		(3,359,047	)		—			(3,359,047	)
						$	148,323,222		$	(189,392	)	$	148,512,614

# Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).

CENTRALLY CLEARED INTEREST RATE SWAPS

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value		Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
USD	80,000	01/15/2027	1 Day SOFR	2.748%	Annual	$	1,319,362	$	—		$	1,319,362
USD	240,000	01/15/2029	1.363%	3 Month LIBOR	Semi-Annual/ Annual		19,707,720		(166,874	)		19,874,594
USD	150,000	01/15/2031	1.439%	3 Month LIBOR	Semi-Annual/ Quarterly		14,269,470		—			14,269,470
USD	280,900	04/15/2032	1.280%	1 Day SOFR	Annual		27,634,986		—			27,634,986
USD	200,000	04/15/2032	1.305%	1 Day SOFR	Annual		19,228,417		—			19,228,417
USD	174,000	04/15/2032	2.177%	1 Day SOFR	Annual		3,153,351		—			3,153,351

69

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
USD	155,000	04/15/2032	2.574%	1 Day SOFR	Annual	$	(2,591,081	)	$	—		$	(2,591,081	)
USD	100,000	04/15/2032	2.444%	1 Day SOFR	Annual		—			—			0
USD	160,000	02/15/2036	1.469%	3 Month LIBOR	Semi-Annual/ Quarterly		23,943,041			—			23,943,041
USD	50,000	02/15/2051	1.469%	1 Day SOFR	Annual		9,759,563			—			9,759,563
						$	116,424,829		$	(166,874	)	$	116,591,703

INTEREST RATE SWAPS

Rate Type

Swap Counterparty

Notional Amount (000)

Termination Date

Payments made by the Fund

Payments received by the Fund

Payment Frequency Paid/ Received

Market Value

Upfront Premiums Paid/ (Received)

Unrealized Appreciation/ (Depreciation)

Citibank, NA

USD

52,610

10/09/2029

1.125%

SIFMA*

Quarterly

$

3,266,846

$

—

$

3,266,846

* Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.

(a) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At July 31, 2022, the aggregate market value of these securities amounted to $1,204,909,707 or 15.0% of net assets.

(b) When-Issued or delayed delivery security.

(c) Security represents the underlying municipal obligation of an inverse floating rate obligation held by the Fund.

(d) Floating Rate Security. Stated interest/floor/ceiling rate was in effect at July 31, 2022.

(e) Non-income producing security.

(f) Defaulted.

(g) Restricted and illiquid security.

Restricted & Illiquid Securities	Acquisition Date	Cost			Market Value			Percentage of Net Assets
Louisiana Public Facilities Authority (Louisiana Pellets, Inc.) Series 2013-B 10.50%, 07/01/2039	11/22/2013		$	1,973,785		$	27		0.00%
Louisiana Public Facilities Authority (Louisiana Pellets, Inc.) Series 2014-A 7.50%, 07/01/2023	07/31/2014			868,863			13		0.00%
Sanger Industrial Development Corp. (Texas Pellets, Inc.) Series 2012-B 8.00%, 07/01/2038	08/31/2012			2,180,000			545,000		0.01%

70

(h) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.04% of net assets as of July 31, 2022, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities	Acquisition Date	Cost			Market Value			Percentage of Net Assets
Scranton-Lackawanna Health and Welfare Authority (Scranton Parking System Concession Project) Series 2016-D Zero Coupon, 01/01/2057	11/29/2017		$	6,425,509		$	3,483,300		0.04%

(i) Defaulted matured security.

(j) IO - Interest Only.

(k) Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(l) Fair valued by the Adviser.

(m) Affiliated investments.

(n) The rate shown represents the 7-day yield as of period end.

(o) To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

(p) As of July 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $411,749,094 and gross unrealized depreciation of investments was $(530,941,131), resulting in net unrealized depreciation of $(119,192,037).

As of July 31, 2022, the Fund’s percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 1.9% and 0.0%, respectively.

Glossary:

AGC – Assured Guaranty Corporation

AGM – Assured Guaranty Municipal

BAM – Build American Mutual

CCRC – Congregate Care Retirement Center

CMBS – Commercial Mortgage-Backed Securities

COP – Certificate of Participation

CPI – Consumer Price Index

ETM – Escrowed to Maturity

LIBOR – London Interbank Offered Rate

NATL – National Interstate Corporation

SD – School District

SOFR – Secured Overnight Financing Rate

UPMC – University of Pittsburgh Medical Center

XLCA – XL Capital Assurance Inc.

71

AB Municipal Income Shares

July 31, 2022 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1 - quoted prices in active markets for identical investments

• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

72

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of July 31, 2022:

Investments in Securities:	Level 1			Level 2			Level 3		Total
Assets:
Long-Term Municipal Bonds	$	—		$	8,428,754,504		$	—	$	8,428,754,504
Short-Term Municipal Notes		—			794,649			—		794,649
Commercial Mortgage-Backed Securities		—			38,117,627			—		38,117,627
Corporates - Non-Investment Grade		—			—			1,134,318		1,134,318
Short-Term Investments		151,951,728			—			—		151,951,728
Liabilities:
Floating Rate Notes(a)		(604,070,000	)		—			—		(604,070,000	)
Total Investments in Securities		(452,118,272	)		8,467,666,780			1,134,318		8,016,682,826
Other Financial Instruments(b):
Assets:
Centrally Cleared Inflation (CPI) Swaps		—			196,838,591			—		196,838,591
Centrally Cleared Interest Rate Swaps		—			119,015,910			—		119,015,910
Interest Rate Swaps		—			3,266,846			—		3,266,846
Liabilities:
Centrally Cleared Inflation (CPI) Swaps		—			(48,515,369	)		—		(48,515,369	)
Centrally Cleared Interest Rate Swaps		—			(2,591,081	)		—		(2,591,081	)
Total	$	(452,118,272	)	$	8,735,681,677		$	1,134,318	$	8,284,697,723

^(a)  The Fund may hold liabilities in which the fair value approximates the carrying amount for financial statement purposes.

^(b)  Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation/(depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, options written and swaptions written which are valued at market value.

A summary of the Fund’s transactions in AB mutual funds for the three months ended July 31, 2022 is as follows:

Fund	Market Value 04/30/2022 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 07/31/2022 (000)		Dividend Income (000)
Government Money Market Portfolio	$	122,400	$	685,120	$	655,568	$	151,952	$	203

73