|
|
Principal
Amount ($)
|
Value ($)
|
|
|||
Municipal Investments 97.9%
|
|
||
Alabama 1.0%
|
|
||
Jefferson County, AL, Sewer Revenue, Series C, Step-up Coupon, 0% to 10/1/2023,
6.9% to 10/1/2050, INS: AGMC
|
|
5,000,000
|
5,099,693
|
Arizona 2.6%
|
|
||
Arizona, State Health Facilities Authority Revenue, Banner Health, Series B, MUNIPSA
+ 0.25%, 3.67% (a), 1/1/2046
|
|
210,000
|
205,189
|
Arizona, State Industrial Development Authority, Education Facility Revenue, Odyssey
Preparatory Academy Project, 144A, 5.0%, 7/1/2049
|
|
2,760,000
|
2,501,486
|
Arizona, State Industrial Development Authority, Education Revenue, BASIS School
Projects:
|
|
|
|
Series G, 144A, 5.0%, 7/1/2047
|
|
1,000,000
|
909,623
|
Series D, 144A, 5.0%, 7/1/2051
|
|
1,035,000
|
927,010
|
Series G, 144A, 5.0%, 7/1/2051
|
|
550,000
|
492,614
|
Series A, 144A, 5.25%, 7/1/2047
|
|
1,000,000
|
943,189
|
Maricopa County, AZ, Industrial Development Authority, Education Revenue, Benjamin
Franklin Charter School Project, Series A, 144A, 6.0%, 7/1/2052
|
|
1,000,000
|
1,025,524
|
Phoenix, AZ, Civic Improvement Corp., Rental Car Facility Revenue, Series A, 4.0%,
7/1/2045
|
|
2,000,000
|
1,829,549
|
Phoenix, AZ, Industrial Development Authority, Student Housing Revenue, Downtown
Phoenix Student Housing LLC, Series A, 5.0%, 7/1/2037
|
|
2,000,000
|
2,012,877
|
Pima County, AZ, Industrial Development Authority, Education Revenue, American
Leadership Academy Project:
|
|
|
|
Series 2022, 144A, 4.0%, 6/15/2057
|
|
2,060,000
|
1,450,015
|
144A, 5.0%, 6/15/2049
|
|
1,030,000
|
928,411
|
144A, 5.0%, 6/15/2052
|
|
710,000
|
633,099
|
|
|
|
13,858,586
|
California 4.3%
|
|
||
California, Golden State Tobacco Securitization Corp., Tobacco Settlement Revenue,
Series B-1, 3.85%, 6/1/2050
|
|
3,000,000
|
2,671,676
|
California, Morongo Band of Mission Indians Revenue, Series B, 144A, 5.0%,
10/1/2042
|
|
1,145,000
|
1,136,619
|
California, M-S-R Energy Authority, Series B, 7.0%, 11/1/2034, GTY: Citigroup Global
Markets
|
|
5,750,000
|
7,137,431
|
California, Public Finance Authority Revenue, Sharp Healthcare Obligated Group,
Series C, 1.55% (b), 3/1/2023, LOC: Barclays Bank PLC
|
|
1,550,000
|
1,550,000
|
California, River Islands Public Financing Authority, Special Tax, Community Facilities
District No. 2019-1, Phase 2 Public Improvements:
|
|
|
|
3.875%, 9/1/2049
|
|
2,630,000
|
2,033,955
|
4.0%, 9/1/2046
|
|
3,825,000
|
3,089,003
|
California, State Public Finance Authority Revenue, ENSO Village Project:
|
|
|
|
Series A, 144A, 5.0%, 11/15/2046
|
|
270,000
|
231,800
|
Series A, 144A, 5.0%, 11/15/2051
|
|
135,000
|
113,546
|
California, Statewide Communities Development Authority, Multi-Family Housing
Revenue, Foxwood Apartments Project, Series J, 2.35% (b), 3/2/2023, LOC: Wells
Fargo Bank NA
|
|
300,000
|
300,000
|
Long Beach, CA, Bond Finance Authority, Natural Gas Purchase Revenue, Series A,
5.25%, 11/15/2023, GTY: Merrill Lynch & Co.
|
|
620,000
|
624,138
|
Long Beach, CA, Carnival Cruise Terminal Financing, 144A, 7.282%, 11/1/2030,
GTY: Carnival Corp.
|
|
1,450,000
|
1,325,204
|
Riverside County, CA, General Obligation, Series 2021 B-2, 3.0%, 6/1/2048
|
|
3,105,000
|
2,304,198
|
|
|
|
22,517,570
|
Colorado 4.9%
|
|
||
Colorado, Aurora Highlands Community Authority Board, Special Tax Revenue,
Series A, 5.75%, 12/1/2051
|
|
5,000,000
|
4,456,877
|
Colorado, Brighton Crossing Metropolitan District No. 6 Ltd., Series A, 5.0%,
12/1/2050
|
|
2,500,000
|
2,104,655
|
Colorado, Broadway Park North Metropolitan District No. 2:
|
|
|
|
144A, 5.0%, 12/1/2040
|
|
1,100,000
|
1,039,242
|
144A, 5.0%, 12/1/2049
|
|
1,275,000
|
1,158,957
|
Colorado, Broadway Station Metropolitan District No. 3, Series B, Step-up Coupon, 0%
to 12/1/2027, 7.5% to 12/1/2049
|
|
2,000,000
|
1,249,724
|
Colorado, General Obligation, Series A, 144A, 5.0%, 12/1/2051
|
|
1,150,000
|
983,566
|
Colorado, North Range Metropolitan District No. 3, Series A, 5.25%, 12/1/2050
|
|
2,167,000
|
1,948,441
|
Colorado, Public Energy Authority, Natural Gas Purchased Revenue, 6.25%,
11/15/2028, GTY: Merrill Lynch & Co.
|
|
6,365,000
|
6,844,154
|
Colorado, Trails At Crowfoot Metropolitan District No. 3, Series A, 5.0%, 12/1/2049
|
|
1,000,000
|
893,112
|
Denver, CO, Convention Center Hotel Authority Revenue:
|
|
|
|
5.0%, 12/1/2033
|
|
500,000
|
510,086
|
5.0%, 12/1/2034
|
|
1,000,000
|
1,014,916
|
Denver, CO, Urban Renewal Authority, Tax Increment Revenue, 9th Urban
Redevelopment Area, Series A, 144A, 5.25%, 12/1/2039
|
|
1,745,000
|
1,756,638
|
Douglas County, CO, Rampart Range Metropolitan District No. 5:
|
|
|
|
4.0%, 12/1/2041
|
|
560,000
|
429,784
|
Series 2021, 4.0%, 12/1/2051
|
|
1,590,000
|
1,099,002
|
|
|
|
25,489,154
|
Connecticut 0.1%
|
|
||
Connecticut, Steel Point Infrastructure Improvement District Special Obligation
Revenue, Steelpointe Harbor Project:
|
|
|
|
144A, 4.0%, 4/1/2041
|
|
190,000
|
153,468
|
144A, 4.0%, 4/1/2051
|
|
705,000
|
523,846
|
|
|
|
677,314
|
District of Columbia 0.8%
|
|
||
District of Columbia, Latin American Montessori Bilingual Public Charter School,
5.0%, 6/1/2050
|
|
3,370,000
|
3,058,284
|
District of Columbia, Two Rivers Public Charter School, Inc., 5.0%, 6/1/2050
|
|
1,240,000
|
1,180,322
|
|
|
|
4,238,606
|
Florida 10.4%
|
|
||
Charlotte County, FL, Industrial Development Authority, Utility System Revenue, Town
& Country Utilities Project, Series A, 144A, AMT, 4.0%, 10/1/2051, GTY: Babcock
Ranch IRR LLC
|
|
750,000
|
561,718
|
Collier County, FL, Industrial Development Authority, Continuing Care Community
Revenue, Arlington of Naples Project, Series A, 144A, 8.125%, 5/15/2044* (c)
|
|
2,310,000
|
1,339,800
|
Florida, Capital Project Finance Authority, Student Housing Revenue, Loan Program:
|
|
|
|
Series A-1, 5.0%, 10/1/2032
|
|
230,000
|
230,566
|
Series A-1, 5.0%, 10/1/2033
|
|
230,000
|
229,990
|
Series A-1, 5.0%, 10/1/2034
|
|
230,000
|
227,997
|
Series A-1, 5.0%, 10/1/2035
|
|
115,000
|
112,372
|
Florida, Capital Projects Finance Authority, Student Housing Revenue, Capital Projects
Loan Program, Series A-2, 4.0%, 10/1/2024
|
|
2,245,000
|
2,152,068
|
Florida, Capital Trust Agency, Educational Facilities Authority, Charter Educational
Foundation Project, Series A, 144A, 5.375%, 6/15/2048
|
|
1,840,000
|
1,677,798
|
Florida, Capital Trust Agency, Educational Growth Fund LLC, Charter School Portfolio
Project, Series A-1, 144A, 5.0%, 7/1/2056
|
|
1,190,000
|
1,058,470
|
Florida, Development Finance Corp., Educational Facilities Revenue, Mater Academy
Projects, Series A, 5.0%, 6/15/2050
|
|
2,065,000
|
1,907,081
|
Florida, Development Finance Corp., Brightline Florida Passenger Rail Expansion
Project, Series A, 144A, AMT, 7.25% (a), 7/1/2057
|
|
1,000,000
|
1,003,197
|
Florida, Development Finance Corp., Educational Facilities Revenue, River City Science
Academy Project:
|
|
|
|
Series A-1, 5.0%, 7/1/2042
|
|
75,000
|
75,112
|
Series B, 5.0%, 7/1/2042
|
|
80,000
|
80,119
|
Series A-1, 5.0%, 7/1/2051
|
|
70,000
|
68,125
|
Series B, 5.0%, 7/1/2051
|
|
115,000
|
111,920
|
Series A-1, 5.0%, 2/1/2057
|
|
100,000
|
95,768
|
Series B, 5.0%, 7/1/2057
|
|
120,000
|
114,896
|
Florida, Development Finance Corp., Surface Transportation Facilities Revenue,
Brightline Passenger Rail Project, Series B, 144A, AMT, 7.375%, 1/1/2049
|
|
4,250,000
|
3,848,587
|
Florida, Development Finance Corp., Surface Transportation Facilities Revenue, Virgin
Trains USA Passenger Rail Project, Series A, 144A, AMT, 6.5% (a), 1/1/2049
|
|
1,905,000
|
1,751,221
|
Florida, State Development Finance Corp., Learning Gate Community School Project:
|
|
|
|
Series A, 5.0%, 2/15/2038
|
|
500,000
|
503,242
|
Series A, 5.0%, 2/15/2048
|
|
1,150,000
|
1,151,609
|
Florida, State Development Finance Corp., Senior Living Revenue, The Cabana at
Jensen Dunes Project:
|
|
|
|
Series A, 144A, 5.0%, 11/15/2056
|
|
1,000,000
|
719,613
|
Series A, 144A, 5.25%, 11/15/2056
|
|
9,000,000
|
6,759,266
|
Florida, State Higher Educational Facilities Financial Authority Revenue, Florida
Institute of Technology:
|
|
|
|
Series A, 4.0%, 10/1/2044
|
|
1,395,000
|
1,188,929
|
4.0%, 10/1/2049
|
|
1,905,000
|
1,574,872
|
Florida, State Higher Educational Facilities Financial Authority Revenue, Jacksonville
University Project, Series A-1, 144A, 4.75%, 6/1/2038
|
|
1,750,000
|
1,570,449
|
Florida, State Mid-Bay Bridge Authority, Series A, 5.0%, 10/1/2035
|
|
1,030,000
|
1,051,517
|
Florida, Village Community Development District No. 12, Special Assessment Revenue:
|
|
|
|
144A, 4.25%, 5/1/2043
|
|
2,310,000
|
2,059,162
|
144A, 4.375%, 5/1/2050
|
|
1,935,000
|
1,666,275
|
Florida, Village Community Development District No. 13, Special Assessment Revenue,
Series 2021, 3.25%, 5/1/2052
|
|
1,705,000
|
1,141,489
|
Florida, Village Community Development District No. 14, 5.5%, 5/1/2053
|
|
2,665,000
|
2,614,768
|
Greater Orlando, FL, Aviation Authority Airport Facilities Revenue, Series A, AMT,
4.0%, 10/1/2052
|
|
2,000,000
|
1,796,880
|
Jacksonville, FL, Educational Facilities Revenue, Jacksonville University Project,
Series B, 144A, 5.0%, 6/1/2053
|
|
3,250,000
|
2,719,877
|
Lake County, FL, Educational Facilities Revenue, Imagine South Lake Charter School
Project:
|
|
|
|
Series A, 144A, 5.0%, 1/15/2049
|
|
825,000
|
741,142
|
Series A, 144A, 5.0%, 1/15/2054
|
|
850,000
|
749,460
|
Miami-Dade County, FL, Seaport Revenue:
|
|
|
|
Series B-1, AMT, 4.0%, 10/1/2046
|
|
2,570,000
|
2,315,426
|
Series A, AMT, 5.0%, 10/1/2040
|
|
1,500,000
|
1,569,048
|
Osceola County, FL, Transportation Revenue:
|
|
|
|
Series A-2, Zero Coupon, 10/1/2049
|
|
3,400,000
|
730,487
|
Series A-2, Zero Coupon, 10/1/2051
|
|
4,775,000
|
908,746
|
Series A-2, Zero Coupon, 10/1/2054
|
|
4,570,000
|
724,032
|
Seminole County, FL, Industrial Development Authority, Legacy Pointe At UCF Project:
|
|
|
|
Series A, 5.25%, 11/15/2039
|
|
445,000
|
377,901
|
Series A, 5.5%, 11/15/2049
|
|
3,635,000
|
2,990,993
|
|
|
|
54,271,988
|
Georgia 2.3%
|
|
||
Americus-Sumter County, GA, Hospital Authority, Magnolia Manor Obligated Group,
Series A, Prerefunded, 6.375%, 5/15/2043
|
|
4,000,000
|
4,025,006
|
George L Smith II, GA, Congress Center Authority, Convention Center Hotel First Tier,
Series A, 4.0%, 1/1/2054
|
|
1,420,000
|
1,126,774
|
George L Smith II, GA, Congress Center Authority, Convention Center Hotel Second
Tier, Series B, 144A, 5.0%, 1/1/2054
|
|
3,365,000
|
2,641,302
|
Georgia, Main Street Natural Gas, Inc., Gas Supply Revenue, Series B, 5.0% (a),
7/1/2053, GTY: Royal Bank of Canada
|
|
4,110,000
|
4,346,147
|
|
|
|
12,139,229
|
Idaho 0.0%
|
|
||
Idaho, State Health Facilities Authority Revenue, St. Luke's Health System, Series C,
2.62% (b), 3/1/2023, LOC: U.S. Bank NA
|
|
100,000
|
100,000
|
Illinois 7.5%
|
|
||
Chicago, IL, Board of Education:
|
|
|
|
Series B, 4.0%, 12/1/2035
|
|
2,500,000
|
2,271,038
|
Series A, 5.0%, 12/1/2033
|
|
740,000
|
758,188
|
Series H, 5.0%, 12/1/2046
|
|
1,690,000
|
1,621,757
|
Chicago, IL, General Obligation:
|
|
|
|
Series B, 4.0%, 1/1/2036
|
|
950,000
|
873,253
|
Series A, 5.5%, 1/1/2049
|
|
2,425,000
|
2,484,094
|
Series A, 6.0%, 1/1/2038
|
|
2,180,000
|
2,288,252
|
Chicago, IL, O'Hare International Airport, Special Facility Revenue, AMT, 5.0%,
7/1/2048
|
|
1,185,000
|
1,173,628
|
Chicago, IL, Transit Authority, Sales Tax Receipts Revenue, Second Lien:
|
|
|
|
Series A, 4.0%, 12/1/2049
|
|
5,000,000
|
4,375,923
|
Series A, 4.0%, 12/1/2050
|
|
1,400,000
|
1,218,963
|
Illinois, Housing Development Authority Revenue:
|
|
|
|
Series B, 3.0%, 4/1/2051
|
|
3,635,000
|
3,496,894
|
Series 2022-E, 5.25%, 10/1/2052
|
|
3,995,000
|
4,192,938
|
Illinois, Metropolitan Pier & Exposition Authority Revenue, McCormick Place
Expansion Project, Series A, Zero Coupon, 12/15/2052, INS: AGMC
|
|
7,000,000
|
1,560,023
|
Illinois, State Finance Authority Revenue, Friendship Village of Schaumburg, 5.125%,
2/15/2045* (c)
|
|
7,935,000
|
3,570,750
|
Illinois, State General Obligation:
|
|
|
|
5.0%, 11/1/2034
|
|
1,500,000
|
1,539,579
|
5.0%, 1/1/2035
|
|
300,000
|
306,131
|
Series A, 5.0%, 12/1/2042
|
|
3,610,000
|
3,654,563
|
Series A, 5.0%, 3/1/2046
|
|
535,000
|
540,620
|
5.5%, 5/1/2039
|
|
1,535,000
|
1,631,838
|
5.75%, 5/1/2045
|
|
1,470,000
|
1,558,959
|
|
|
|
39,117,391
|
Indiana 1.7%
|
|
||
Indiana, State Finance Authority Revenue, Educational Facilities, Rock Creek
Community Academy Inc., Project:
|
|
|
|
Series A, 144A, 5.875%, 7/1/2038
|
|
1,340,000
|
1,341,388
|
Series A, 144A, 6.125%, 7/1/2048
|
|
3,660,000
|
3,654,946
|
Indiana, State Finance Authority, Health Facilities Revenue, Baptist Healthcare System,
Series A, 5.0%, 8/15/2051
|
|
3,000,000
|
3,020,041
|
Indiana, State Housing & Community Development Authority, Single Family Mortgage
Revenue, Series C-1, 5.0%, 7/1/2053
|
|
720,000
|
748,368
|
|
|
|
8,764,743
|
Iowa 1.6%
|
|
||
Iowa, State Higher Education Loan Authority Revenue, Private College Facility, Des
Moines University Project, 4.0%, 10/1/2045
|
|
5,210,000
|
4,575,075
|
Iowa, State Student Loan Liquidity Corp., Senior Revenue, Series B, AMT, 3.0%,
12/1/2039
|
|
455,000
|
423,755
|
Iowa, Tobacco Settlement Authority Revenue:
|
|
|
|
Series B-2, Zero Coupon, 6/1/2065
|
|
12,555,000
|
1,354,764
|
Series B-1, 4.0%, 6/1/2049
|
|
1,800,000
|
1,762,343
|
|
|
|
8,115,937
|
Kansas 0.2%
|
|
||
Wyandotte County, KS, Unified Government, Legends Apartments Garage & West Lawn
Project, 4.5%, 6/1/2040
|
|
1,325,000
|
1,203,246
|
Kentucky 0.2%
|
|
||
Kentucky, State Economic Development Finance Authority, Owensboro Health, Inc.,
Obligated Group, Series A, 5.0%, 6/1/2045
|
|
1,275,000
|
1,277,910
|
Louisiana 0.0%
|
|
||
Louisiana, Public Facilities Authority Revenue, Ochsner Clinic Foundation Project,
Prerefunded, 5.0%, 5/15/2047
|
|
10,000
|
10,565
|
Maryland 0.7%
|
|
||
Maryland, State Health & Higher Educational Facilities Authority Revenue, Greater
Baltimore Medical Center, Series A, 3.0%, 7/1/2046
|
|
5,040,000
|
3,727,514
|
Massachusetts 0.4%
|
|
||
Massachusetts, Educational Financing Authority, Issue M, Series B, AMT, 2.0%,
7/1/2037
|
|
1,150,000
|
957,329
|
Massachusetts, State Development Finance Agency Revenue, Springfield College:
|
|
|
|
Series B, 4.0%, 6/1/2050
|
|
1,005,000
|
815,642
|
Series A, 4.0%, 6/1/2056
|
|
450,000
|
352,063
|
Massachusetts, State Educational Financing Authority, Series B, AMT, 3.0%, 7/1/2035
|
|
90,000
|
89,673
|
|
|
|
2,214,707
|
Michigan 1.6%
|
|
||
Kentwood, MI, Economic Development Corp., Holland Home Obligated Group,
Series 2022, 4.0%, 11/15/2043
|
|
1,830,000
|
1,465,992
|
Michigan, Finance Authority Higher Facilities, Ltd. Obligation Revenue, Kettering
University Project:
|
|
|
|
4.0%, 9/1/2045
|
|
1,775,000
|
1,575,021
|
4.0%, 9/1/2050
|
|
1,660,000
|
1,435,632
|
Michigan, State Finance Authority Revenue, Detroit Water & Sewer Department,
Series C, 5.0%, 7/1/2035
|
|
910,000
|
928,789
|
Michigan, State Finance Authority Revenue, Tobacco Settlement Revenue:
|
|
|
|
“1", Series A, 4.0%, 6/1/2049
|
|
1,000,000
|
851,274
|
Series A-2, 5.0%, 6/1/2040
|
|
1,770,000
|
1,815,580
|
Michigan, State University Revenue, Series 2000-A, 3.49% (b), 3/1/2023,
SPA: Northern Trust Company
|
|
100,000
|
100,000
|
|
|
|
8,172,288
|
Minnesota 1.9%
|
|
||
Duluth, MN, Economic Development Authority, Health Care Facilities Revenue,
Essentia Health Obligated Group:
|
|
|
|
Series A, 5.0%, 2/15/2048
|
|
1,000,000
|
1,015,425
|
Series A, 5.0%, 2/15/2053
|
|
2,815,000
|
2,844,576
|
Minnesota, State Housing Finance Agency, Series I, 5.0%, 7/1/2053
|
|
4,000,000
|
4,166,201
|
Minnesota, State Office of Higher Education Revenue, AMT, 2.65%, 11/1/2038
|
|
2,100,000
|
1,718,354
|
|
|
|
9,744,556
|
Missouri 2.4%
|
|
||
Kansas City, MO, Land Clearance Redevelopment Authority Project Revenue,
Convention Center Hotel Project, Series A, 144A, 6.25%, 4/15/2049
|
|
3,750,000
|
3,051,285
|
Missouri, State Health & Educational Facilities Authority Revenue, Medical Research,
Lutheran Senior Services:
|
|
|
|
4.0%, 2/1/2042
|
|
1,450,000
|
1,168,306
|
Series A, 5.0%, 2/1/2046
|
|
665,000
|
612,207
|
Missouri, State Health & Educational Facilities Authority Revenue, St Louis University,
Series B-1, 2.5% (b), 3/1/2023, LOC: Barclays Bank PLC
|
|
6,000,000
|
6,000,000
|
St. Louis, MO, Industrial Development Authority Financing Revenue, Ballpark Village
Development Project, Series A, 4.75%, 11/15/2047
|
|
2,275,000
|
1,689,363
|
|
|
|
12,521,161
|
Nevada 1.0%
|
|
||
Nevada, Tahoe Douglas Visitors Authority, Stateline Revenue:
|
|
|
|
5.0%, 7/1/2040
|
|
1,000,000
|
987,908
|
5.0%, 7/1/2045
|
|
1,000,000
|
977,854
|
5.0%, 7/1/2051
|
|
1,000,000
|
960,313
|
Reno, NV, Sales Tax Revenue, Transportation Rail Access, Series C, 144A, Zero
Coupon, 7/1/2058
|
|
18,000,000
|
2,233,501
|
|
|
|
5,159,576
|
New Hampshire 0.1%
|
|
||
New Hampshire, State Health & Educational Facilities Authority Revenue, Hillside
Village:
|
|
|
|
Series A, 144A, 6.125%, 7/1/2037* (c)
|
|
751,308
|
165,288
|
Series A, 144A, 6.25%, 7/1/2042* (c)
|
|
909,917
|
200,182
|
|
|
|
365,470
|
New Jersey 3.4%
|
|
||
New Jersey, State Covid-19 General Obligation Emergency Bonds, Series A, 4.0%,
6/1/2031
|
|
415,000
|
448,296
|
New Jersey, State Economic Development Authority Revenue, Black Horse EHT Urban
Renewal LLC Project, Series A, 144A, 5.0%, 10/1/2039
|
|
3,795,000
|
2,832,714
|
New Jersey, State Economic Development Authority Revenue, White Horse HMT Urban
Renewal LLC Project, 144A, 5.0%, 1/1/2040
|
|
1,625,000
|
1,207,342
|
New Jersey, State Economic Development Authority, Special Facilities Revenue,
Continental Airlines, Inc. Project, Series B, AMT, 5.625%, 11/15/2030
|
|
2,500,000
|
2,516,711
|
New Jersey, State Health Care Facilities Financing Authority, 5.0%, 10/1/2038
|
|
4,000,000
|
4,155,919
|
New Jersey, State Higher Education Assistance Authority, Student Loan Revenue:
|
|
|
|
Series B, AMT, 2.5%, 12/1/2040
|
|
1,035,000
|
855,353
|
Series B, AMT, 3.25%, 12/1/2039
|
|
1,190,000
|
1,120,510
|
Series B, AMT, 3.5%, 12/1/2039
|
|
1,440,000
|
1,375,741
|
New Jersey, State Housing & Mortgage Finance Agency, Single Family Housing
Revenue, Series I, 5.0%, 10/1/2053
|
|
1,200,000
|
1,247,356
|
New Jersey, Transportation Trust Fund Authority, Series BB, 4.0%, 6/15/2040
|
|
2,025,000
|
1,940,504
|
|
|
|
17,700,446
|
New Mexico 0.4%
|
|
||
New Mexico, State Mortgage Finance Authority, “I”, Series D, 3.25%, 7/1/2044
|
|
2,460,000
|
2,079,950
|
New York 11.1%
|
|
||
Buffalo & Erie County, NY, Industrial Land Development Corp., D'Youville College
Project:
|
|
|
|
Series A, 4.0%, 11/1/2040
|
|
1,200,000
|
1,114,153
|
Series A, 4.0%, 11/1/2050
|
|
2,500,000
|
2,214,076
|
Dutchess County, NY, Local Development Corp., Bard College Project, Series A, 144A,
5.0%, 7/1/2051
|
|
380,000
|
355,954
|
Monroe County, NY, Industrial Development Corp. Revenue, St. Ann's Community
Project, 5.0%, 1/1/2050
|
|
3,750,000
|
2,968,314
|
New York, Brooklyn Arena Local Development Corp., Pilot Revenue, Barclays Center
Project, Series A, 4.0%, 7/15/2035, INS: AGMC
|
|
455,000
|
458,367
|
New York, Metropolitan Transportation Authority, Series A-1, 2.45% (b), 3/1/2023,
LOC: TD Bank NA
|
|
100,000
|
100,000
|
New York, Metropolitan Transportation Authority Revenue:
|
|
|
|
Series 2012-G1, 2.6% (b), 3/1/2023, LOC: Barclays Bank PLC
|
|
3,150,000
|
3,150,000
|
Series E-1, 2.6% (b), 3/1/2023, LOC: Barclays Bank PLC
|
|
16,400,000
|
16,400,000
|
Series C-1, 5.0%, 11/15/2050
|
|
1,320,000
|
1,328,630
|
New York, Metropolitan Transportation Authority Revenue, Green Bond, Series D-2,
4.0%, 11/15/2048
|
|
3,500,000
|
3,008,688
|
New York, State Dormitory Authority Revenues, Non-State Supported Debt, The New
School:
|
|
|
|
Series A, 4.0%, 7/1/2047
|
|
500,000
|
434,587
|
Series A, 4.0%, 7/1/2052
|
|
590,000
|
500,720
|
New York, State Transportation Development Corp., Special Facilities Revenue, John F.
Kennedy International Airport Project:
|
|
|
|
AMT, 3.0%, 8/1/2031, GTY: American Airlines Group, Inc.
|
|
500,000
|
446,310
|
AMT, 4.0%, 12/1/2042
|
|
1,200,000
|
1,051,953
|
AMT, 5.375%, 8/1/2036
|
|
900,000
|
909,441
|
New York, TSASC, Inc.:
|
|
|
|
Series A, 5.0%, 6/1/2041
|
|
595,000
|
605,884
|
Series B, 5.0%, 6/1/2048
|
|
2,800,000
|
2,560,047
|
New York City, NY, General Obligation, Series I-4, 2.45% (b), 3/1/2023, LOC: TD Bank
NA
|
|
6,750,000
|
6,750,000
|
New York City, NY, Housing Development Corp., Multi-Family Housing Revenue:
|
|
|
|
Series E-1, 2.8%, 11/1/2034
|
|
5,000,000
|
4,448,914
|
Series E-1, 3.0%, 11/1/2039
|
|
3,000,000
|
2,475,099
|
New York City, NY, Municipal Water Finance Authority, Water & Sewer System
Revenue, Second General Resolution, Series DD, 3.6% (b), 3/1/2023
|
|
1,300,000
|
1,300,000
|
New York Counties, NY, Tobacco Trust IV, Series F, Zero Coupon, 6/1/2060
|
|
35,000,000
|
1,818,145
|
New York, NY, General Obligation:
|
|
|
|
Series B-3, 3.6% (b), 3/1/2023
|
|
300,000
|
300,000
|
Series 3, 3.62% (b), 3/1/2023
|
|
1,435,000
|
1,435,000
|
Series 2, 3.7% (b), 3/1/2023
|
|
400,000
|
400,000
|
Orange County, NY, Senior Care Revenue, Industrial Development Agency, The Glen
Arden Project, 5.7%, 1/1/2028 (c)
|
|
2,125,000
|
1,653,675
|
|
|
|
58,187,957
|
North Carolina 0.6%
|
|
||
North Carolina, Charlotte-Mecklenburg Hospital Authority, Atrium Health Obligated
Group, Series E, 2.58% (b), 3/1/2023, LOC: Royal Bank of Canada
|
|
1,860,000
|
1,860,000
|
North Carolina, State Housing Finance Agency, Series 42, 4.0%, 1/1/2050
|
|
1,465,000
|
1,456,660
|
|
|
|
3,316,660
|
Ohio 3.2%
|
|
||
Buckeye, OH, Tobacco Settlement Financing Authority, “2”, Series B-2, 5.0%, 6/1/2055
|
|
4,990,000
|
4,538,104
|
Hamilton County, OH, Health Care Revenue, Life Enriching Communities Project:
|
|
|
|
5.0%, 1/1/2051
|
|
1,270,000
|
1,114,574
|
Series A, 5.0%, 1/1/2052
|
|
1,000,000
|
873,419
|
Ohio, Akron, Bath & Copley Joint Township Hospital District Revenue, 5.25%,
11/15/2046
|
|
1,575,000
|
1,590,485
|
Ohio, State Air Quality Development Authority, Exempt Facilities Revenue, Pratt
Paper LLC Project:
|
|
|
|
144A, AMT, 4.25%, 1/15/2038, GTY: Pratt Industries, Inc.
|
|
725,000
|
697,099
|
144A, AMT, 4.5%, 1/15/2048, GTY: Pratt Industries, Inc.
|
|
3,115,000
|
2,907,147
|
Ohio, State Hospital Revenue, Aultman Health Foundation, 144A, 5.0%, 12/1/2048
|
|
6,000,000
|
5,269,252
|
|
|
|
16,990,080
|
Oklahoma 1.0%
|
|
||
Oklahoma, State Development Finance Authority, Health System Revenue, OU
Medicine Project:
|
|
|
|
Series B, 5.25%, 8/15/2048
|
|
2,935,000
|
2,567,659
|
Series A, 5.5%, 8/15/2041
|
|
1,360,000
|
1,290,905
|
Series A, 5.5%, 8/15/2044
|
|
1,445,000
|
1,358,300
|
|
|
|
5,216,864
|
Pennsylvania 2.1%
|
|
||
Chester County, PA, Industrial Development Authority, Special Obligation Revenue,
Woodlands at Graystone Neighborhood Improvement Project, 144A, 5.125%,
3/1/2048
|
|
422,000
|
387,982
|
Lancaster County, PA, Hospital Authority, Brethren Village Project:
|
|
|
|
5.125%, 7/1/2037
|
|
900,000
|
838,030
|
5.25%, 7/1/2041
|
|
900,000
|
833,963
|
Pennsylvania, Higher Education Assistance Agency Education Loan Revenue, Series A,
AMT, 2.45%, 6/1/2041
|
|
4,240,000
|
3,478,965
|
Pennsylvania, State Economic Development Financing Authority, The Penndot Major
Bridges, AMT, 5.75%, 6/30/2048
|
|
2,000,000
|
2,131,672
|
Pennsylvania, State Housing Finance Agency, Single Family Mortgage Revenue,
Series 132A, 3.5%, 4/1/2051
|
|
1,180,000
|
1,162,446
|
Pennsylvania, State Turnpike Commission Revenue:
|
|
|
|
Series A, 4.0%, 12/1/2044
|
|
660,000
|
618,416
|
Series A, 4.0%, 12/1/2046
|
|
440,000
|
406,814
|
Series A-1, 5.0%, 12/1/2041
|
|
20,000
|
20,474
|
Philadelphia, PA, Authority For Industrial Development, Charter School Revenue,
Philadelphia Electrical and Technology Charter High School Project, Series A, 4.0%,
6/1/2056
|
|
1,240,000
|
884,461
|
|
|
|
10,763,223
|
South Carolina 0.8%
|
|
||
South Carolina, State Public Service Authority Revenue:
|
|
|
|
Series B, 4.0%, 12/1/2047
|
|
1,820,000
|
1,617,707
|
Series A, 4.0%, 12/1/2052
|
|
3,160,000
|
2,746,751
|
|
|
|
4,364,458
|
South Dakota 0.3%
|
|
||
Lincon County, SD, Economic Development Revenue, Augustana College Association
Project:
|
|
|
|
Series A, 4.0%, 8/1/2051
|
|
900,000
|
708,037
|
Series A, 4.0%, 8/1/2056
|
|
625,000
|
475,464
|
Series A, 4.0%, 8/1/2061
|
|
810,000
|
597,383
|
|
|
|
1,780,884
|
Tennessee 1.1%
|
|
||
Metropolitan Nashville, TN, Airport Authority Revenue:
|
|
|
|
Series B, AMT, 4.0%, 7/1/2049
|
|
1,000,000
|
893,229
|
Series B, AMT, 4.0%, 7/1/2054
|
|
500,000
|
436,312
|
Nashville & Davidson County, TN, Metropolitan Development & Housing Agency, Tax
Increment Revenue, Fifth Broadway Development District, 144A, 5.125%, 6/1/2036
|
|
900,000
|
909,201
|
Nashville & Davidson County, TN, Metropolitan Government Health & Education
Facilities Board Revenue, Blakeford At Green Hills Corp., Series A, 4.0%, 11/1/2055
|
|
4,000,000
|
2,959,446
|
Tennessee, New Memphis Arena Public Building Authority, City of Memphis Project,
Step-up Coupon, 0% to 4/1/2026, 4.0% to 4/1/2031
|
|
750,000
|
657,944
|
|
|
|
5,856,132
|
Texas 8.2%
|
|
||
Central Texas, Regional Mobility Authority Revenue, Capital Appreciation:
|
|
|
|
Zero Coupon, 1/1/2030
|
|
5,000,000
|
3,895,982
|
Zero Coupon, 1/1/2032
|
|
3,500,000
|
2,522,582
|
Clifton, TX, Higher Education Finance Corp., Education Revenue, Series D, 6.125%,
8/15/2048
|
|
4,485,000
|
4,510,607
|
Greater Texas, Cultural Education Facilities Finance Corp. Lease Revenue, Epicenter
Multipurpose Facilities Project, Series A, 4.0%, 3/1/2050
|
|
2,165,000
|
1,924,726
|
Matagorda County, TX, Navigation District No. 1, Pollution Control Revenue, AEP
Texas Central Co. Project, Series A, 4.4%, 5/1/2030, INS: AMBAC
|
|
4,000,000
|
3,982,169
|
Newark, TX, Higher Education Finance Corp., Texas Revenue, Abilene Christian
University Project, Series A, 4.0%, 4/1/2057
|
|
6,000,000
|
5,101,940
|
San Antonio, TX, Education Facilities Corp. Higher Education Revenue, Hallmark
University Project:
|
|
|
|
Series A, 5.0%, 10/1/2041
|
|
350,000
|
302,636
|
Series A, 5.0%, 10/1/2051
|
|
520,000
|
422,697
|
Tarrant County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue,
Methodist Hospitals of Dallas Project, Series A, 2.5% (b), 3/1/2023, LOC: TD Bank
NA
|
|
700,000
|
700,000
|
Temple, TX, Tax Increment, Reinvestment Zone No. 1:
|
|
|
|
Series A, 4.0%, 8/1/2039, INS: BAM
|
|
170,000
|
167,104
|
Series A, 4.0%, 8/1/2041, INS: BAM
|
|
235,000
|
222,041
|
Series A, 5.0%, 8/1/2038
|
|
2,830,000
|
2,851,576
|
Texas, New Hope Cultural Education Facilities Finance Corp., Educational Revenue,
Cumberland Academy Project, Series A, 144A, 5.0%, 8/15/2050
|
|
3,550,000
|
3,202,579
|
Texas, New Hope Cultural Education Facilities Finance Corp., Senior Living Revenue,
Bridgemoor Plano Project, Series A, 7.25%, 12/1/2053* (c)
|
|
6,605,000
|
5,944,500
|
Texas, Private Activity Bond, Surface Transportation Corp. Revenue, Senior Lien
Revenue, Infrastructure Group LLC, I-635 Managed Lanes Project:
|
|
|
|
Series A, 4.0%, 6/30/2038
|
|
380,000
|
354,680
|
Series A, 4.0%, 12/31/2038
|
|
380,000
|
354,113
|
Series A, 4.0%, 6/30/2039
|
|
290,000
|
268,155
|
Series A, 4.0%, 12/31/2039
|
|
335,000
|
309,251
|
Series A, 4.0%, 6/30/2040
|
|
275,000
|
251,260
|
Texas, State Municipal Gas Acquisition & Supply Corp. I, Gas Supply Revenue,
Series D, 6.25%, 12/15/2026, GTY: Merrill Lynch & Co.
|
|
3,020,000
|
3,152,341
|
Texas, State Private Activity Bond, Surface Transportation Corp. Revenue, Senior Lien,
North Tarrant Express Mobility Partners Segments LLC, AMT, 6.75%, 6/30/2043
|
|
2,220,000
|
2,246,032
|
|
|
|
42,686,971
|
Utah 1.8%
|
|
||
Utah, Infrastructure Agency Telecommunication Revenue:
|
|
|
|
Series A, 4.0%, 10/15/2041
|
|
600,000
|
484,029
|
Series 2019, 4.0%, 10/15/2042
|
|
2,350,000
|
1,881,941
|
Utah, State Charter School Finance Authority, St. George Campus Project, Series A,
144A, 5.0%, 6/15/2052
|
|
1,130,000
|
980,479
|
Utah, State Charter School Financing Authority Revenue, Freedom Academy Foundation
Project, 144A, 5.375%, 6/15/2048
|
|
6,490,000
|
6,020,558
|
|
|
|
9,367,007
|
Virginia 3.0%
|
|
||
Prince William County, VA, Industrial Development Authority, Residential Care
Facilities, Westminster at Lake Ridge:
|
|
|
|
5.0%, 1/1/2037
|
|
1,000,000
|
879,384
|
5.0%, 1/1/2046
|
|
1,530,000
|
1,244,720
|
Roanoke County, VA, Economic Development Authority, RSDL Care Facilities Revenue,
Richfield Living:
|
|
|
|
Series 2020, 5.0%, 9/1/2050*
|
|
1,740,000
|
1,105,717
|
Series A, 5.375%, 9/1/2054*
|
|
1,500,000
|
975,019
|
Virginia, Marquis Community Development Authority Revenue:
|
|
|
|
Series C, Zero Coupon, 9/1/2041
|
|
7,906,000
|
384,463
|
Series B, 5.625%, 9/1/2041 (c) (d)
|
|
5,332,000
|
2,314,465
|
144A, 7.5%, 9/1/2045 (c) (d)
|
|
1,640,000
|
714,013
|
Virginia, Peninsula Town Center, Community Development Authority Revenue, Special
Obligation:
|
|
|
|
144A, 5.0%, 9/1/2037
|
|
1,400,000
|
1,310,734
|
144A, 5.0%, 9/1/2045
|
|
4,650,000
|
4,095,600
|
Virginia, Small Business Financing Authority Revenue, 95 Express Lanes LLC Project,
AMT, 4.0%, 1/1/2048
|
|
1,205,000
|
1,009,430
|
Virginia, Small Business Financing Authority, Elizabeth River Crossings OPCO LLC
Project, AMT, 4.0%, 1/1/2039
|
|
1,500,000
|
1,389,341
|
Virginia, Small Business Financing Authority, I-495 Hot Lanes Project, AMT, 5.0%,
12/31/2057
|
|
500,000
|
500,781
|
|
|
|
15,923,667
|
Washington 2.8%
|
|
||
Washington, State Convention Center Public Facilities District:
|
|
|
|
Series B, 3.0%, 7/1/2043
|
|
4,710,000
|
3,167,035
|
Series B, 3.0%, 7/1/2048
|
|
4,120,000
|
2,540,778
|
Series B, 3.0%, 7/1/2058
|
|
2,080,000
|
1,166,978
|
Washington, State Higher Educational Facilities Authority, Seattle University Project,
4.0%, 5/1/2050
|
|
1,020,000
|
917,055
|
Washington, State Housing Finance Commission, Non-Profit Housing Revenue,
Rockwood Retirement Communities Project, Series A, 144A, Prerefunded, 7.375%,
1/1/2044
|
|
4,000,000
|
4,127,290
|
Washington, State Housing Finance Commission, The Hearthstone Project:
|
|
|
|
Series A, 144A, 5.0%, 7/1/2038
|
|
775,000
|
633,139
|
Series A, 144A, 5.0%, 7/1/2048
|
|
1,735,000
|
1,281,847
|
Series A, 144A, 5.0%, 7/1/2053
|
|
1,125,000
|
808,614
|
|
|
|
14,642,736
|
Wisconsin 5.7%
|
|
||
Wisconsin, Health Educational Facilities Authority, Covenant Communities, Inc. Project:
|
|
|
|
Series A-1, 5.0%, 7/1/2043
|
|
4,150,000
|
3,912,140
|
Series B, 5.0%, 7/1/2048
|
|
1,910,000
|
1,385,258
|
Series B, 5.0%, 7/1/2053
|
|
2,125,000
|
1,490,466
|
Wisconsin, Public Finance Authority Educational Facility Revenue, Noorba College of
Osteopathic Media Project, Series B, 144A, 6.5%, 6/1/2045
|
|
6,000,000
|
4,609,615
|
Wisconsin, Public Finance Authority, Education Revenue, Mountain Island Charter
School Ltd.:
|
|
|
|
5.0%, 7/1/2047
|
|
2,000,000
|
1,945,691
|
5.0%, 7/1/2052
|
|
910,000
|
872,925
|
Wisconsin, Public Finance Authority, Education Revenue, North Carolina Leadership
Academy, Series A, 144A, 5.0%, 6/15/2049
|
|
520,000
|
460,995
|
Wisconsin, Public Finance Authority, Green Bond, Fargo Moorhead, AMT, 4.0%,
3/31/2056
|
|
3,205,000
|
2,484,523
|
Wisconsin, Public Finance Authority, Hospital Revenue, Carson Valley Medical Center,
Series A, 4.0%, 12/1/2051
|
|
1,290,000
|
972,376
|
Wisconsin, Public Finance Authority, Pollution Control Revenue, Duke Energy Progress
Project, Series A, 3.7% (a), 10/1/2046
|
|
2,700,000
|
2,717,720
|
Wisconsin, Public Finance Authority, Roseman University of Health Sciences Project:
|
|
|
|
144A, 4.0%, 4/1/2042
|
|
255,000
|
205,473
|
144A, 4.0%, 4/1/2052
|
|
455,000
|
334,465
|
Wisconsin, Public Finance Authority, Senior Living Community First Mortgage
Revenue, Cedars Obligated Group:
|
|
|
|
144A, 5.5%, 5/1/2039
|
|
635,000
|
544,709
|
144A, 5.75%, 5/1/2054
|
|
3,570,000
|
2,937,497
|
Wisconsin, Public Finance Authority, Wisconsin Hotel Revenue, Senior Lien Grand
Hyatt San Antonio Hotel, Series B, 144A, 6.0%, 2/1/2062
|
|
5,000,000
|
4,978,157
|
|
|
|
29,852,010
|
Guam 0.7%
|
|
||
Guam, Antonio B. Won Pat International Airport Authority:
|
|
|
|
Series C, AMT, 6.25%, 10/1/2034
|
|
300,000
|
304,578
|
Series C, AMT, Prerefunded, 6.25%, 10/1/2034
|
|
200,000
|
203,052
|
Guam, Government Waterworks Authority, Water & Wastewater System Revenue:
|
|
|
|
5.0%, 1/1/2046
|
|
1,050,000
|
1,056,844
|
Series A, 5.0%, 1/1/2050
|
|
655,000
|
657,486
|
Guam, International Airport Authority Revenue:
|
|
|
|
Series C, AMT, 6.375%, 10/1/2043
|
|
775,000
|
787,378
|
Series C, AMT, Prerefunded, 6.375%, 10/1/2043
|
|
835,000
|
848,336
|
|
|
|
3,857,674
|
Puerto Rico 4.9%
|
|
||
Puerto Rico, Commonwealth Aqueduct and Sewer Authority, Series A, 144A, 4.0%,
7/1/2042
|
|
5,000,000
|
4,290,030
|
Puerto Rico, General Obligation:
|
|
|
|
Series A, Zero Coupon, 7/1/2024
|
|
85,592
|
80,336
|
Series A, Zero Coupon, 7/1/2033
|
|
3,602,431
|
2,052,564
|
Series A1, 4.0%, 7/1/2033
|
|
1,255,987
|
1,125,447
|
Series A1, 4.0%, 7/1/2035
|
|
230,098
|
201,543
|
Series A1, 4.0%, 7/1/2037
|
|
1,507,160
|
1,288,944
|
Series A1, 4.0%, 7/1/2041
|
|
1,098,773
|
907,659
|
Series A1, 5.25%, 7/1/2023
|
|
142,945
|
143,360
|
Series A1, 5.375%, 7/1/2025
|
|
285,097
|
289,467
|
Series A1, 5.625%, 7/1/2027
|
|
282,516
|
291,846
|
Series A1, 5.625%, 7/1/2029
|
|
277,932
|
289,994
|
Series A1, 5.75%, 7/1/2031
|
|
269,953
|
284,153
|
Puerto Rico, Sales Tax Financing Corp., Sales Tax Revenue:
|
|
|
|
Series A-1, Zero Coupon, 7/1/2046
|
|
12,255,000
|
3,140,712
|
Series A-1, 4.75%, 7/1/2053
|
|
6,800,000
|
6,095,398
|
Series A-1, 5.0%, 7/1/2058
|
|
2,000,000
|
1,855,600
|
Puerto Rico, The Childrens Trust Fund, Tobacco Settlement Revenue, Series A, Zero
Coupon, 5/15/2057
|
|
50,000,000
|
3,307,620
|
|
|
|
25,644,673
|
Other 1.1%
|
|
||
Freddie Mac Multi-Family ML Certificates, “A-CA”, Series 2021-ML10, 2.046%,
6/25/2038
|
|
3,372,814
|
2,527,517
|
Nuveen AMT-Free Municipal Credit Income Fund, Series C, 3.87% (b), 3/1/2023
|
|
3,350,000
|
3,350,000
|
|
|
|
5,877,517
|
Total Municipal Investments (Cost $570,321,785)
|
512,896,113
|
||
|
Corporate Bonds 0.4%
|
|
||
Consumer Discretionary
|
|
||
Grand Canyon University, 5.125%, 10/1/2028 (Cost $2,165,000)
|
|
2,165,000
|
1,980,975
|
|
|||
Government & Agency Obligations 0.3%
|
|
||
U.S. Treasury Obligations
|
|
||
U.S. Treasury Bills:
|
|
|
|
1.933% (e), 4/20/2023 (f)
|
|
500,000
|
496,813
|
2.564% (e), 4/20/2023 (f)
|
|
500,000
|
496,814
|
3.538% (e), 4/20/2023 (f)
|
|
500,000
|
496,813
|
Total Government & Agency Obligations (Cost $1,494,420)
|
1,490,440
|
|
|
Shares
|
Value ($)
|
|
|||
Closed-End Investment Companies 0.4%
|
|
||
Nuveen Quality Municipal Income Fund (Cost $2,515,604)
|
|
172,000
|
1,936,720
|
|
|||
Open-End Investment Companies 0.0%
|
|
||
BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares, 2.71% (g)
(Cost $220,039)
|
|
219,584
|
219,562
|
|
|||
|
|
% of Net
Assets
|
Value ($)
|
Total Investment Portfolio (Cost $576,716,848)
|
99.0
|
518,523,810
|
|
Other Assets and Liabilities, Net
|
1.0
|
5,194,668
|
|
Net Assets
|
100.0
|
523,718,478
|
*
|
Non-income producing security.
|
(a)
|
Variable or floating rate security. These securities are shown at their current rate as of February 28, 2023. For securities
based on
a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable
rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions,
prepayment of underlying positions and/or other variables. Securities with a floor or ceiling feature are disclosed at the
inherent
rate, where applicable.
|
(b)
|
Variable rate demand notes and variable rate demand preferred shares are securities whose interest rates are reset periodically
(usually daily mode or weekly mode) by remarketing agents based on current market levels, and are not directly set as a fixed
spread to a reference rate. These securities may be redeemed at par by the holder through a put or tender feature, and are
shown
at their current rates as of February 28, 2023. Date shown reflects the earlier of demand date or stated maturity date.
|
(c)
|
Defaulted security or security for which income has been deemed uncollectible.
|
(d)
|
Security currently paying partial interest. The rate shown represents 50% of the original coupon rate.
|
(e)
|
Annualized yield at time of purchase; not a coupon rate.
|
(f)
|
At February 28, 2023, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures
contracts.
|
(g)
|
Current yield; not a coupon rate.
|
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions
exempt from registration, normally to qualified institutional buyers.
|
AGMC: Assured Guaranty Municipal Corp.
|
AMBAC: Ambac Financial Group, Inc.
|
AMT: Subject to alternative minimum tax.
|
BAM: Build America Mutual
|
CBOT: Chicago Board of Trade
|
GTY: Guaranty Agreement
|
INS: Insured
|
LOC: Letter of Credit
|
MUNIPSA: SIFMA Municipal Swap Index Yield
|
Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and
used
to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.
|
SIFMA: Securities Industry and Financial Markets Association
|
SPA: Standby Bond Purchase Agreement
|
Futures
|
Currency
|
Expiration
Date
|
Contracts
|
Notional
Amount ($)
|
Notional
Value ($)
|
Unrealized
Appreciation ($)
|
CBOT U.S. Long
Bond
|
USD
|
6/21/2023
|
200
|
25,221,726
|
25,043,750
|
177,976
|
USD
|
United States Dollar
|
Assets
|
Level 1
|
Level 2
|
Level 3
|
Total
|
Municipal Investments (a)
|
$—
|
$512,896,113
|
$—
|
$512,896,113
|
Corporate Bonds
|
—
|
1,980,975
|
—
|
1,980,975
|
Government & Agency Obligations
|
—
|
1,490,440
|
—
|
1,490,440
|
Closed-End Investment Companies
|
1,936,720
|
—
|
—
|
1,936,720
|
Open-End Investment Companies
|
219,562
|
—
|
—
|
219,562
|
Derivatives (b)
|
|
|
|
|
Futures Contracts
|
177,976
|
—
|
—
|
177,976
|
Total
|
$2,334,258
|
$516,367,528
|
$—
|
$518,701,786
|
(a)
|
See Investment Portfolio for additional detailed categorizations.
|
(b)
|
Derivatives include unrealized appreciation (depreciation) on open futures contracts.
|
Primary Underlying Risk Disclosure
|
Futures
Contracts
|
Interest Rate Contracts
|
$ 177,976
|