Principal
Amount
|
|
|
Value
|
|
1
|
SHORT-TERM MUNICIPALS—96.1%
|
|
|
|
Arizona—0.8%
|
|
$ 90,000
|
|
Phoenix, AZ Civic Improvement Corp. - Wastewater System, Revenue Refunding Bonds (Series 2016), 5.000%, 7/1/2022
|
$92,531
|
|
|
California—4.0%
|
|
475,000
|
|
Los Angeles, CA MFH Revenue Bonds (CORE Related/ GALA Rentals, LP), SPEAR’s 3a7 (Series DBE-8081) VRDNs, (Deutsche Bank
AG LIQ)/(Deutsche Bank AG LOC), 0.450%, 12/2/2021
|
475,000
|
|
|
Colorado—2.9%
|
|
100,000
|
|
Adams & Arapahoe Counties, CO Joint School District #28J, General Obligation Bonds (Series 2017A), (GTD by Colorado School
Credit Enhancement Program), 5.000%, 12/1/2021
|
100,000
|
243,928
|
|
Colorado HFA (Steele San Juan, LLC), Mizuho 3a-7 (Series 2021-MIZ9068) VRENs, (GTD by Mizuho Bank Ltd.)/(Mizuho Bank Ltd.
LIQ), 0.300%, 12/2/2021
|
243,928
|
|
|
TOTAL
|
343,928
|
|
|
Connecticut—0.9%
|
|
100,000
|
|
Connecticut State Special Transportation Fund, RBC Muni Products (Series G-110) TOBs, (Royal Bank of Canada LIQ)/(Royal Bank
of Canada LOC), 0.230%, Optional Tender 4/1/2022
|
100,000
|
|
|
Florida—2.8%
|
|
250,000
|
|
Brevard County, FL Health Facilities Authority (Health First, Inc.), Health Care Facilities Revenue Bonds (Series 2014),
5.000%, 4/1/2022
|
253,923
|
75,000
|
|
Fort Myers, FL Capital Improvement Revenue Authority, (Series 2018A), 5.000%, 12/1/2021
|
75,000
|
|
|
TOTAL
|
328,923
|
|
|
Illinois—8.5%
|
|
75,000
|
|
Champaign, IL, UT GO Refunding Bonds (Series 2013), 4.000%, 12/15/2021
|
75,104
|
75,000
|
|
Glenview, IL, UT GO Refunding Bonds (Series 2012B), 4.000%, 12/1/2021
|
75,000
|
500,000
|
|
Illinois Finance Authority (Saint Xavier University), (Series 2006) Weekly VRDNs, (Huntington National Bank LOC),
0.140%, 12/2/2021
|
500,000
|
200,000
|
|
Illinois State, UT GO Refunding Bonds (Series 2021A), 5.000%, 3/1/2022
|
202,382
|
75,000
|
|
McHenry County, IL Conservation District, UT GO Refunding Bonds (Series 2014), 5.000%, 2/1/2022
|
75,588
|
75,000
|
|
St. Charles, IL Park District, UT GO Refunding Bonds (Series 2017B), 5.000%, 12/15/2021
|
75,127
|
|
|
TOTAL
|
1,003,201
|
|
|
Indiana—1.0%
|
|
120,000
|
|
Greater Clark County, IN Community Schools Corp., UT GO First Mortgage Bonds (Series 2019), (GTD by Indiana State School
Aid Intercept Program), 4.000%, 1/15/2022
|
120,541
|
|
|
Massachusetts—3.5%
|
|
410,000
|
|
Quincy, MA BANs, 1.500%, 1/14/2022
|
410,676
|
|
|
Montana—6.1%
|
|
715,000
|
|
Montana State Board of Housing (HRDC IX Affordable Housing Solutions LP), Mizuho 3a-7 (2021-MIZ9061) VRENs, (GTD by
Mizuho Bank Ltd.)/(Mizuho Bank Ltd. LIQ), 0.300%, 12/2/2021
|
715,000
|
|
|
Multi-State—9.3%
|
|
600,000
|
|
Invesco Value Municipal Income Trust, PUTTERs 3a-7 (VMTP 5027) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ),
0.220%, 12/1/2021
|
600,000
|
500,000
|
|
Nuveen AMT-Free Quality Municipal Income Fund, Series D Weekly VRDPs, 0.250%, 12/1/2021
|
500,000
|
|
|
TOTAL
|
1,100,000
|
|
|
Nebraska—0.6%
|
|
75,000
|
|
Nebraska Public Power District, (General Revenue Bonds, Series 2017B), 5.000%, 1/1/2022
|
75,294
|
|
|
Nevada—2.0%
|
|
235,000
|
|
Nevada Housing Division (Lake Mead West AHP LP), (Series 2021-XF1120) Weekly VRDNs, (Deutsche Bank AG LIQ)/(Deutsche
Bank AG LOC), 0.300%, 12/2/2021
|
235,000
|
|
|
New Jersey—11.7%
|
|
150,000
|
|
Alpha Borough, NJ BANs, 1.000%, 3/4/2022
|
150,258
|
75,000
|
|
Evesham Township, NJ, UT GO Bonds (Series 2014), 4.000%, 6/1/2022
|
76,398
|
260,000
|
|
Jersey City, NJ, (Series 2021A) BANs, 1.500%, 1/12/2022
|
260,400
|
Principal
Amount
|
|
|
Value
|
|
1
|
SHORT-TERM MUNICIPALS—continued
|
|
|
|
New Jersey—continued
|
|
$146,967
|
|
Moonachie, NJ BANs, 1.000%, 10/14/2022
|
$147,831
|
257,000
|
|
Oceanport, NJ BANs, 1.000%, 2/24/2022
|
257,418
|
173,050
|
|
Pine Beach, NJ BANs, 1.000%, 10/28/2022
|
174,002
|
315,000
|
|
Southampton Township, NJ BANs, 1.000%, 7/6/2022
|
316,328
|
|
|
TOTAL
|
1,382,635
|
|
|
New York—3.7%
|
|
200,000
|
|
Hempstead, NY Union Free School District, (Series A) RANs, 1.000%, 6/30/2022
|
200,890
|
200,000
|
|
New York State Energy Research & Development Authority (National Grid Generation LLC), (1997 Series A) Weekly VRDNs,
(NatWest Markets PLC LOC), 0.110%, 12/1/2021
|
200,000
|
34,800
|
|
Rhinebeck, NY CSD, General Obligation Bonds (Series 2021), 3.000%, 6/15/2022
|
35,305
|
|
|
TOTAL
|
436,195
|
|
|
North Carolina—0.7%
|
|
75,000
|
|
Warren County, NC, Water District General Obligation Refunding Bonds (Series 2015), 5.000%, 6/1/2022
|
76,751
|
|
|
Ohio—4.8%
|
|
260,000
|
|
Akron, OH Parking Facilities Revenue, (Income Tax Revenue Bonds, Series 2015), 5.000%, 12/1/2021
|
260,000
|
75,000
|
|
Gahanna-Jefferson, OH City School District, UT GO School Facilities Construction & Improvement Bonds (Series 2021), (Assured
Guaranty Municipal Corp. INS), 2.000%, 12/1/2021
|
75,000
|
150,000
|
|
Harrison, OH BANs, 2.000%, 10/25/2022
|
151,973
|
75,000
|
|
Ohio State University, General Receipts Bonds (Series 2010D), 5.000%, 12/1/2021
|
75,000
|
|
|
TOTAL
|
561,973
|
|
|
Oklahoma—3.0%
|
|
350,000
|
|
Garfield County, OK Industrial Authority Pollution Control (Oklahoma Gas and Electric Co.), (Series 1995-A) Weekly VRDNs,
0.130%, 12/1/2021
|
350,000
|
|
|
Pennsylvania—8.0%
|
|
465,000
|
|
East Hempfield Township, PA IDA (BGT Realty), (Series of 2005) Weekly VRDNs, (Fulton Bank, N.A. LOC), 0.460%, 12/2/2021
|
465,000
|
145,000
|
|
McGuffey, PA School District, General Obligation Bonds (Series A of 2021), (Build America Mutual Assurance INS),
2.000%, 2/1/2022
|
145,389
|
60,000
|
|
Northampton County, PA IDA (Binney & Smith Inc.), (Series 1997B) Weekly VRDNs, (JPMorgan Chase Bank, N.A. LOC),
0.220%, 12/1/2021
|
60,000
|
100,000
|
|
Pennsylvania Economic Development Financing Authority (Republic Services, Inc.), (Series 2010B) TOBs, 0.200%, Mandatory
Tender 1/3/2022
|
100,006
|
180,000
|
|
Westmoreland County, PA, UT GO Bonds (Series 2013A), 5.000%, 12/1/2021
|
180,000
|
|
|
TOTAL
|
950,395
|
|
|
Tennessee—1.2%
|
|
145,000
|
|
Metropolitan Government Nashville & Davidson County, TN, General Obligation Improvement Bonds (Series 2013A),
5.000%, 1/1/2022
|
145,574
|
|
|
Texas—13.5%
|
|
500,000
|
|
Austin, TX Affordable Public Finance Authority (LDG Belmont LP), (Series 2021-XF1102) Weekly VRDNs, (Deutsche Bank AG
LIQ)/(Deutsche Bank AG LOC), 0.300%, 12/2/2021
|
500,000
|
500,000
|
|
North Central Texas HFDC (Gala at Waxahachie, LP), Tender Option Bond Trust Certificates (Series 2021-XF1099) Weekly VRDNs,
(Deutsche Bank AG LIQ)/(Deutsche Bank AG LOC), 0.300%, 12/2/2021
|
500,000
|
250,000
|
|
Port of Corpus Christi Authority of Nueces County, TX (Flint Hills Resources LLC), (Series 2002A) Weekly VRDNs,
0.130%, 12/1/2021
|
250,000
|
350,000
|
|
Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010A) Daily VRDNs,
0.050%, 12/1/2021
|
350,000
|
|
|
TOTAL
|
1,600,000
|
|
|
Virginia—1.5%
|
|
175,000
|
|
Lynchburg, VA Economic Development Authority (Centra Health Obligated Group), (Series 2017C) Weekly VRDNs, (Truist Bank
LOC), 0.140%, 12/2/2021
|
175,000
|
|
|
West Virginia—3.8%
|
|
200,000
|
|
Mason County, WV (Appalachian Power Co.), PCRBs (Series L), 2.750%, 10/1/2022
|
203,848
|
250,000
|
|
West Virginia State Hospital Finance Authority (Cabell Huntington Hospital), (Series 2008A) Weekly VRDNs, (Truist Bank LOC),
0.140%, 12/2/2021
|
250,000
|
|
|
TOTAL
|
453,848
|
Principal
Amount
|
|
|
Value
|
|
1
|
SHORT-TERM MUNICIPALS—continued
|
|
|
|
Wisconsin—1.8%
|
|
$115,000
|
|
Grafton, WI, UT GO Promissory Notes (Series 2019A), 2.000%, 6/1/2022
|
$115,995
|
100,000
|
|
La Crosse, WI IDA (GGP Inc.), (Series A) Weekly VRDNs, (Wells Fargo Bank, N.A. LOC), 0.220%, 12/2/2021
|
100,000
|
|
|
TOTAL
|
215,995
|
|
|
TOTAL SHORT-TERM MUNICIPALS
(IDENTIFIED COST $11,347,866)
|
11,348,460
|
|
|
MUNICIPAL BONDS—5.1%
|
|
|
|
Louisiana—1.3%
|
|
150,000
|
|
Louisiana Stadium and Exposition District, BANS (Series 2021), 4.000%, 7/3/2023
|
156,616
|
|
|
New Jersey—2.3%
|
|
198,599
|
|
Hillsdale Borough, NJ BANs, 1.000%, 12/2/2022
|
199,798
|
75,000
|
|
Vernon Township, NJ, UT GO Refunding Bonds (Series 2020A), 4.000%, 1/1/2023
|
77,980
|
|
|
TOTAL
|
277,778
|
|
|
New York—1.5%
|
|
175,000
|
|
New York State Thruway Authority, General Revenue Bonds (Series 2012I), 5.000%, 1/1/2023
|
175,679
|
|
|
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $609,951)
|
610,073
|
|
|
TOTAL INVESTMENT IN SECURITIES—101.2%
(IDENTIFIED COST $11,957,817)
|
11,958,533
|
|
|
OTHER ASSETS AND LIABILITIES - NET—(1.2)%2
|
(146,668)
|
|
|
TOTAL NET ASSETS—100%
|
$11,811,865
|
1
|
Current rate and current maturity or next reset date shown for floating rate notes and variable rate notes/demand instruments.
Certain variable rate securities are
not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market
conditions. These securities do
not indicate a reference rate and spread in their description above.
|
2
|
Assets, other than investments in securities, less liabilities.
|
The following acronym(s) are used throughout this portfolio:
|
|
|
BANs
|
—Bond Anticipation Notes
|
|
CSD
|
—Central School District
|
|
GO
|
—General Obligation
|
|
GTD
|
—Guaranteed
|
|
HFA
|
—Housing Finance Authority
|
|
HFDC
|
—Health Facility Development Corporation
|
|
IDA
|
—Industrial Development Authority
|
|
INS
|
—Insured
|
|
LIQ
|
—Liquidity Agreement
|
|
LOC
|
—Letter of Credit
|
|
MFH
|
—Multi-Family Housing
|
|
PCRBs
|
—Pollution Control Revenue Bonds
|
|
PUTTERs
|
—Puttable Tax-Exempt Receipts
|
|
RANs
|
—Revenue Anticipation Notes
|
|
TOBs
|
—Tender Option Bonds
|
|
UT
|
—Unlimited Tax
|
|
VMTP
|
—Variable Municipal Term Preferred
|
|
VRDNs
|
—Variable Rate Demand Notes
|
|
VRDPs
|
—Variable Rate Demand Preferreds
|
|
VRENs
|
—Variable Rate Extendible Notes
|