Principal
Amount
|
|
|
Value
|
|
1
|
SHORT-TERM MUNICIPALS—100.6%
|
|
|
|
Alabama—2.8%
|
|
$1,750,000
|
|
Columbia, AL IDB PCRB (Alabama Power Co.), (Series 2014-A) Daily VRDNs, 4.000%, 6/1/2023
|
$ 1,750,000
|
2,400,000
|
|
Mobile, AL IDB (Alabama Power Co.), (Second Series 2009) Daily VRDNs, 4.100%, 6/1/2023
|
2,400,000
|
|
|
TOTAL
|
4,150,000
|
|
|
Arkansas—3.5%
|
|
5,150,000
|
|
Blytheville, AR (Nucor Corp.), (Series 2002) Weekly VRDNs, 4.000%, 6/7/2023
|
5,150,000
|
|
|
California—17.6%
|
|
1,000,000
|
|
California HFA, Mizuho 3a-7 (Series 2022-MIZ9097) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 3.810%, 6/1/2023
|
1,000,000
|
6,000,000
|
|
California Statewide Communities Development Authority (Kensington Apartments LP), Tender Option Bond Trust Floater
Certificates (Series 2022-MIZ9113) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 3.810%, 6/1/2023
|
6,000,000
|
500,000
|
|
Los Angeles, CA Department of Airports (Los Angeles International Airport), (Subseries B-2), CP, (Barclays Bank PLC LOC),
3.850%, Mandatory Tender 8/7/2023
|
499,807
|
7,200,000
|
|
Nuveen California AMT-Free Quality Municipal Income Fund, (Series A) MuniFund Preferred Shares Weekly VRDPs,
3.860%, 6/1/2023
|
7,200,000
|
1,445,000
|
|
Nuveen California Quality Municipal Income Fund, RIB Floater Trust (Series 2022-FR-RI-005) (Series 2 Preferred Shares) VRENs,
(Barclays Bank PLC LIQ)/(Barclays Bank PLC LOC), 3.760%, 6/1/2023
|
1,445,000
|
3,300,000
|
|
River Islands, CA Public Financing Authority (River Islands, CA Public Financing Authority-Community Facilities District
No. 2015-1), Tender Option Bond Trust Floater Certificates (Series 2022-MIZ9110) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho
Bank Ltd. LIQ), 3.810%, 6/1/2023
|
3,300,000
|
6,700,000
|
|
San Francisco, CA City and County (1500 Mission Urban Housing LP), Mizuho 3A-7 (Series 2022-MIZ9115) VRENs, (Mizuho
Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 3.810%, 6/1/2023
|
6,700,000
|
|
|
TOTAL
|
26,144,807
|
|
|
Colorado—3.5%
|
|
4,400,000
|
|
Colorado Health Facilities Authority (National Jewish Medical and Research Center), (Series 2005) Weekly VRDNs, (UMB Bank,
N.A. LOC), 3.750%, 6/1/2023
|
4,400,000
|
766,764
|
|
Colorado HFA (Steele San Juan, LLC), Mizuho 3a-7 (Series 2021-MIZ9068) VRENs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd.
LIQ), 3.810%, 6/1/2023
|
766,764
|
|
|
TOTAL
|
5,166,764
|
|
|
Florida—2.5%
|
|
625,000
|
|
Broward County, FL Airport System, Airport System Revenue Bonds (Series 2019A), 5.000%, 10/1/2023
|
627,084
|
3,100,000
|
|
Jacksonville, FL HFA (Millennia Jacksonville TC LP), SPEARs (Series DBE-8055) Weekly VRDNs, (Deutsche Bank AG
LIQ)/(Deutsche Bank AG LOC), 3.860%, 6/1/2023
|
3,100,000
|
|
|
TOTAL
|
3,727,084
|
|
|
Idaho—0.7%
|
|
995,000
|
|
American Falls, ID Reservoir District (Idaho Power Co.), (Series 2000) Weekly VRDNs, 3.600%, 6/7/2023
|
995,000
|
|
|
Indiana—0.7%
|
|
1,000,000
|
|
Indiana State Finance Authority (Republic Services, Inc.), (Series A) TOBs, 4.000%, Mandatory Tender 6/1/2023
|
1,000,000
|
|
|
Kentucky—3.8%
|
|
500,000
|
|
Louisville & Jefferson County, KY Metropolitan Government (Louisville Gas & Electric Co.), (Series A) Weekly VRDNs,
3.500%, 6/2/2023
|
500,000
|
950,000
|
|
Meade County, KY Industrial Building Revenue Authority (Nucor Corp.), (Series 2021A-1) Daily VRDNs, 4.950%, 6/1/2023
|
950,000
|
4,150,000
|
|
Meade County, KY Industrial Building Revenue Authority (Nucor Corp.), (Series 2021B-1) Daily VRDNs, 4.950%, 6/1/2023
|
4,150,000
|
|
|
TOTAL
|
5,600,000
|
|
|
Louisiana—5.3%
|
|
3,795,000
|
|
Calcasieu Parish, LA Public Trust Authority (Le Jolliet LP), SPEARs 3a7 (Series DBE-8060) Weekly VRDNs, (Deutsche Bank AG
LIQ)/(Deutsche Bank AG LOC), 3.860%, 6/1/2023
|
3,795,000
|
150,000
|
|
Louisiana Stadium and Exposition District, BANs (Series 2021), 4.000%, 7/3/2023
|
150,007
|
1,400,000
|
|
St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010A-1) Weekly VRDNs, (Nucor Corp. GTD), 3.890%, 6/7/2023
|
1,400,000
|
2,500,000
|
|
St. James Parish, LA (Nucor Steel Louisiana LLC), (Series 2010B-1) Weekly VRDNs, (Nucor Corp. GTD), 3.900%, 6/7/2023
|
2,500,000
|
|
|
TOTAL
|
7,845,007
|
Principal
Amount
|
|
|
Value
|
|
1
|
SHORT-TERM MUNICIPALS—continued
|
|
|
|
Massachusetts—3.5%
|
|
$1,000,000
|
|
Massachusetts Development Finance Agency (Nantucket Electric Co.), (Series 2004), CP, (Massachusetts Electric Co. GTD),
3.400%, Mandatory Tender 6/12/2023
|
$ 999,797
|
4,200,000
|
|
Nuveen AMT-Free Quality Municipal Income Fund, (Series D) MuniFund Preferred Shares Weekly VRDPs, 3.860%, 6/1/2023
|
4,200,000
|
|
|
TOTAL
|
5,199,797
|
|
|
Missouri—1.9%
|
|
2,810,000
|
|
Kansas City, MO Planned Industrial Expansion Authority (EPD3 Ridgeview LP), Mizuho 3a-7 (2022-MIZ9086) VRENs, (Mizuho
Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 3.810%, 6/1/2023
|
2,810,000
|
|
|
Multi-State—0.7%
|
|
400,000
|
|
Invesco Municipal Opportunity Trust, PUTTERs 3a-7 (VMTP 5029) Daily VRDNs, (JPMorgan Chase Bank, N.A. LIQ),
4.700%, 6/1/2023
|
400,000
|
600,000
|
|
Nuveen Municipal Credit Income Fund, PUTTERs 3a-7 (Series 5039) (VMFP Series C) Daily VRDNs, (JPMorgan Chase Bank,
N.A. LIQ), 4.700%, 6/1/2023
|
600,000
|
|
|
TOTAL
|
1,000,000
|
|
|
Nevada—1.2%
|
|
1,785,000
|
|
Clark County, NV Water Reclamation District, (Series 2015), 5.000%, 7/1/2023
|
1,786,993
|
|
|
New Jersey—10.2%
|
|
1,989,000
|
|
Alpine Borough, NJ BANs, 4.750%, 8/15/2023
|
1,990,117
|
1,500,000
|
|
Beach Haven, NJ BANs, 4.250%, 5/2/2024
|
1,502,507
|
1,000,000
|
|
Bridgewater-Raritan, NJ Regional School District BANs, 4.250%, 9/13/2023
|
1,000,490
|
1,538,000
|
|
Garwood, NJ BANs, 5.000%, 8/3/2023
|
1,539,971
|
1,500,000
|
|
Lakewood Township, NJ BANs, 4.250%, 10/24/2023
|
1,498,658
|
1,000,000
|
|
Lopatcong, NJ BANs, 4.500%, 10/6/2023
|
1,001,101
|
1,500,000
|
|
North Hunterdon-Vorhees, NJ Regional High School District BANs, 4.250%, 7/21/2023
|
1,499,513
|
1,500,000
|
|
Springfield Township, NJ (Union County) BANs, 4.250%, 5/1/2024
|
1,503,972
|
1,148,400
|
|
Stone Harbor, NJ BANs, 5.000%, 10/13/2023
|
1,149,847
|
1,000,000
|
|
West Wildwood, NJ BANs, 4.500%, 2/27/2024
|
1,001,670
|
1,398,190
|
|
Wyckoff Township, NJ BANs, 4.500%, 9/19/2023
|
1,397,194
|
|
|
TOTAL
|
15,085,040
|
|
|
New York—11.8%
|
|
355,000
|
|
Albany, NY Housing Authority (Nutgrove Garden Apartments), (Series 2005) Weekly VRDNs, (Citizens Bank, N.A., Providence
LOC), 3.970%, 6/1/2023
|
355,000
|
4,500,000
|
|
Greater Southern Tier Board of Cooperative Educational Services, NY RANs, 4.000%, 6/30/2023
|
4,495,082
|
1,072,545
|
|
Hannibal, NY Central School District BANs, 4.250%, 6/28/2023
|
1,072,529
|
721,251
|
|
Lowville, NY, (Series A) BANs, 3.250%, 8/24/2023
|
719,456
|
1,000,000
|
|
New York State Environmental Facilities Corp. (Waste Management, Inc.), Solid Waste Disposal Refunding Revenue Bonds
(Series 2012) TOBs, 3.875%, Mandatory Tender 8/1/2023
|
999,477
|
4,990,000
|
|
New York State HFA (42nd and 10th Street Associates LLC), 3a-7 High Grade Trust (Series 2022-007) VRENs, (Barclays Bank
PLC LIQ)/(Barclays Bank PLC LOC), 3.810%, 6/1/2023
|
4,990,000
|
3,900,000
|
|
Nuveen New York AMT-Free Quality Municipal Income Fund, 800 (Series A) MuniFund Preferred Shares Weekly VRDPs,
3.860%, 6/1/2023
|
3,900,000
|
1,000,000
|
|
Walton, NY Central School District BANs, 4.000%, 6/28/2023
|
999,764
|
|
|
TOTAL
|
17,531,308
|
|
|
North Carolina—0.3%
|
|
400,000
|
|
Hertford County, NC Industrial Facilities & Pollution Control Financing Authority (Nucor Corp.), (Series 2000A) Weekly VRDNs,
4.000%, 6/7/2023
|
400,000
|
|
|
Oklahoma—1.0%
|
|
1,450,000
|
|
Muskogee, OK Industrial Trust (Oklahoma Gas and Electric Co.), (1995 Series A) Weekly VRDNs, 3.650%, 6/7/2023
|
1,450,000
|
|
|
Pennsylvania—9.7%
|
|
1,500,000
|
|
Pennsylvania Economic Development Financing Authority (PPL Energy Supply LLC), (Series 2009B) Weekly VRDNs, (MUFG
Bank Ltd. LOC), 5.200%, 6/7/2023
|
1,500,000
|
3,000,000
|
|
Pennsylvania Economic Development Financing Authority (PPL Energy Supply LLC), (Series 2009C) Weekly VRDNs, (MUFG
Bank Ltd. LOC), 5.200%, 6/7/2023
|
3,000,000
|
1,750,000
|
|
Pennsylvania Economic Development Financing Authority (Republic Services, Inc.), (Series A) TOBs, 3.700%, Optional
Tender 7/17/2023
|
1,749,143
|
Principal
Amount
|
|
|
Value
|
|
1
|
SHORT-TERM MUNICIPALS—continued
|
|
|
|
Pennsylvania—continued
|
|
$5,650,000
|
|
Pennsylvania Housing Finance Agency (Hershey Plaza, PA TC LP), SPEARs 3a7 (Series DBE-8057) Weekly VRDNs, (Deutsche
Bank AG LIQ)/(Deutsche Bank AG LOC), 3.860%, 6/1/2023
|
$ 5,650,000
|
2,500,000
|
|
Pennsylvania State Turnpike Commission, Subordinate Revenue Bonds (Second Series of 2016), 5.000%, 6/1/2023
|
2,500,000
|
|
|
TOTAL
|
14,399,143
|
|
|
South Carolina—1.7%
|
|
2,555,000
|
|
South Carolina State Ports Authority, (Series 2018), 5.000%, 7/1/2023
|
2,556,783
|
|
|
Tennessee—3.1%
|
|
4,585,000
|
|
Chattanooga, TN Health, Educational & Housing Facility Board (CommonSpirit Health), (Series 2004 C) Weekly VRDNs,
3.950%, 6/7/2023
|
4,585,000
|
|
|
Texas—9.4%
|
|
1,500,000
|
|
Mission, TX Economic Development Corp. (Waste Management, Inc.), (Series 2020A) TOBs, (Waste Management Holdings, Inc.
GTD), 3.950%, Mandatory Tender 6/1/2023
|
1,500,000
|
450,000
|
|
Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010A) Daily VRDNs,
4.350%, 6/1/2023
|
450,000
|
1,000,000
|
|
Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010B) Daily VRDNs,
4.350%, 6/1/2023
|
1,000,000
|
900,000
|
|
Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010C) Daily VRDNs,
4.360%, 6/1/2023
|
900,000
|
2,480,000
|
|
Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010D) Weekly VRDNs,
3.800%, 6/7/2023
|
2,480,000
|
6,150,000
|
|
Port of Port Arthur Navigation District of Jefferson County, TX (Motiva Enterprises LLC), (Series 2010E) Weekly VRDNs,
3.830%, 6/7/2023
|
6,150,000
|
1,500,000
|
|
Travis County, TX Housing Finance Corp. (Roers Austin Apartments Owner II LP), MIZUHO 3A-7 (Series 2023-MIZ9127) VRENs,
(Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 3.440%, 6/1/2023
|
1,500,000
|
|
|
TOTAL
|
13,980,000
|
|
|
Wisconsin—5.7%
|
|
7,600,000
|
|
Appleton, WI Redevelopment Authority (Fox Cities Performing Arts Center), (Series 2001B) Weekly VRDNs, (Associated Bank,
N.A. LOC), 3.750%, 6/7/2023
|
7,600,000
|
450,000
|
|
Public Finance Authority, WI (Atlantic Housing Foundation, Inc.), Mizuho 3a-7 (2022-MIZ9092) VRENs, (Mizuho Bank Ltd.
GTD)/(Mizuho Bank Ltd. LIQ), 3.810%, 6/1/2023
|
450,000
|
500,000
|
|
Public Finance Authority, WI (DCA Lexington Properties, LLC), Tender Option Bond Trust Receipts (Series 2021-XF2933)
Weekly VRDNs, (Mizuho Bank Ltd. GTD)/(Mizuho Bank Ltd. LIQ), 3.810%, 6/1/2023
|
500,000
|
|
|
TOTAL
|
8,550,000
|
|
|
Total Short-Term Municipals
(IDENTIFIED COST $149,158,094)
|
149,112,726
|
|
|
MUNICIPAL BONDS—0.8%
|
|
|
|
Texas—0.8%
|
|
1,250,000
|
|
Mission, TX Economic Development Corp. (Waste Management, Inc.), (Series 2023A) TOBs, (Waste Management Holdings, Inc.
GTD), 4.250%, Mandatory Tender 6/3/2024
(IDENTIFIED COST $1,250,000)
|
1,251,187
|
|
|
TOTAL INVESTMENT IN SECURITIES—101.4%
(IDENTIFIED COST $150,408,094)2
|
150,363,913
|
|
|
OTHER ASSETS AND LIABILITIES - NET—(1.4)%3
|
(2,141,027)
|
|
|
TOTAL NET ASSETS—100%
|
$148,222,886
|
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
|
Also represents cost of investments for federal tax purposes.
|
3
|
Assets, other than investments in securities, less liabilities. See Statement of Assets and Liabilities.
|
The following acronym(s) are used throughout this portfolio:
|
|
|
AMT
|
—Alternative Minimum Tax
|
|
BANs
|
—Bond Anticipation Notes
|
|
CP
|
—Commercial Paper
|
|
GTD
|
—Guaranteed
|
|
HFA
|
—Housing Finance Authority
|
|
IDB
|
—Industrial Development Bond
|
|
LIQ
|
—Liquidity Agreement
|
|
LOC
|
—Letter of Credit
|
|
PCRB
|
—Pollution Control Revenue Bond
|
|
PUTTERs
|
—Puttable Tax-Exempt Receipts
|
|
RANs
|
—Revenue Anticipation Notes
|
|
SPEARs
|
—Short Puttable Exempt Adjustable Receipts
|
|
TOBs
|
—Tender Option Bonds
|
|
VMTP
|
—Variable Municipal Term Preferred
|
|
VRDNs
|
—Variable Rate Demand Notes
|
|
VRDPs
|
—Variable Rate Demand Preferreds
|
|
VRENs
|
—Variable Rate Extendible Notes
|