UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-05309
Nuveen Investment Funds, Inc.
(Exact name of registrant as specified in charter)
Nuveen Investments
333 West Wacker Drive, Chicago, IL 60606
(Address of principal executive offices) (Zip code)
Christopher M. Rohrbacher
Vice President and Secretary
333 West Wacker Drive, Chicago, IL 60606
(Name and address of agent for service)
Registrants telephone number, including area code: (312) 917-7700
Date of fiscal year end: March 31
Date of reporting period: September 30, 2019
Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policy making roles.
A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss.3507.
Item 1. Reports to Stockholders.
Fund Name | Class A | Class C | Class C2 | Class R6 | Class I | |
Nuveen All-American Municipal Bond Fund | FLAAX | FACCX | FAACX | FAAWX | FAARX | |
Nuveen Intermediate Duration Municipal Bond Fund | NMBAX | NNCCX | NNSCX | — | NUVBX | |
Nuveen Limited Term Municipal Bond Fund | FLTDX | FAFJX | FLTCX | — | FLTRX | |
Nuveen Short Term Municipal Bond Fund | FSHAX | NAAEX | NSVCX | — | FSHYX |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | 4.78% | 9.38% | 4.57% | 5.47% | |
Class A Shares at maximum Offering Price | 0.36% | 4.75% | 3.68% | 5.02% | |
S&P Municipal Bond Index | 3.71% | 8.19% | 3.63% | 4.24% | |
Lipper General & Insured Municipal Debt Funds Classification Average | 4.03% | 8.20% | 3.48% | 4.09% | |
Class C2 Shares | 4.40% | 8.66% | 3.98% | 4.90% | |
Class I Shares | 4.86% | 9.56% | 4.77% | 5.67% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since
Inception | ||
Class C Shares | 4.29% | 8.44% | 3.72% | 4.53% | |
Class R6 Shares | 4.88% | 9.58% | N/A | 3.65% |
Share Class | |||||
Class A | Class C | Class C2 | Class R6 | Class I | |
Expense Ratios | 0.73% | 1.53% | 1.28% | 0.49% | 0.53% |
Effective Leverage Ratio | 1.56% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | 3.31% | 7.28% | 3.37% | 3.70% | |
Class A Shares at maximum Offering Price | 0.18% | 4.07% | 2.73% | 3.38% | |
S&P Municipal Bond Intermediate Index | 3.35% | 8.14% | 3.35% | 4.00% | |
Lipper Intermediate Municipal Debt Funds Classification Average | 3.15% | 7.05% | 2.68% | 3.24% | |
Class C2 Shares | 3.15% | 6.72% | 2.79% | 3.13% | |
Class I Shares | 3.51% | 7.59% | 3.56% | 3.90% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since
Inception | ||
Class C Shares | 2.91% | 6.46% | 2.52% | 2.87% |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Expense Ratios | 0.67% | 1.47% | 1.22% | 0.47% |
Effective Leverage Ratio | 0.15% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | 1.98% | 5.07% | 1.94% | 2.41% | |
Class A Shares at maximum Offering Price | (0.53)% | 2.43% | 1.42% | 2.15% | |
S&P Municipal Bond Short-Intermediate Index | 2.03% | 5.36% | 2.06% | 2.56% | |
Lipper Short-Intermediate Municipal Debt Funds Classification Average | 2.04% | 4.91% | 1.70% | 2.10% | |
Class C2 Shares | 1.79% | 4.68% | 1.59% | 2.05% | |
Class I Shares | 2.17% | 5.36% | 2.15% | 2.61% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since
Inception | ||
Class C Shares | 1.58% | 4.23% | 1.17% | 1.28% |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Expense Ratios | 0.63% | 1.43% | 0.98% | 0.43% |
Effective Leverage Ratio | 0.00% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | 10-Year | ||
Class A Shares at NAV | 1.36% | 3.39% | 1.06% | 1.56% | |
Class A Shares at maximum Offering Price | (1.19)% | 0.76% | 0.55% | 1.29% | |
S&P Municipal Bond Short Index | 1.31% | 3.37% | 1.33% | 1.52% | |
Lipper Short Municipal Debt Funds Classification Average | 1.23% | 2.90% | 1.04% | 1.17% | |
Class I Shares | 1.45% | 3.58% | 1.26% | 1.74% |
Cumulative | Average Annual | ||||
6-Month | 1-Year | 5-Year | Since
Inception | ||
Class C Shares | 0.95% | 2.48% | 0.34% | 0.37% | |
Class C2 Shares | 1.18% | 3.03% | 0.70% | 0.92% |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Expense Ratios | 0.72% | 1.52% | 1.06% | 0.52% |
Effective Leverage Ratio | 0.00% |
Share Class | |||||
Class A1 | Class C | Class C2 | Class R6 | Class I | |
Dividend Yield | 3.22% | 2.56% | 2.81% | 3.60% | 3.55% |
SEC 30-Day Yield | 1.84% | 1.12% | 1.37% | 2.15% | 2.12% |
Taxable-Equivalent Yield (40.8%)2 | 3.09% | 1.88% | 2.30% | 3.62% | 3.57% |
Share Class | ||||
Class A1 | Class C | Class C2 | Class I | |
Dividend Yield | 2.58% | 1.90% | 2.15% | 2.84% |
SEC 30-Day Yield | 1.48% | 0.73% | 0.98% | 1.73% |
Taxable-Equivalent Yield (40.8%)2 | 2.50% | 1.23% | 1.66% | 2.92% |
Share Class | ||||
Class A1 | Class C | Class C2 | Class I | |
Dividend Yield | 1.93% | 1.18% | 1.61% | 2.20% |
SEC 30-Day Yield | 1.16% | 0.40% | 0.84% | 1.39% |
Taxable-Equivalent Yield (40.8%)2 | 1.96% | 0.68% | 1.42% | 2.35% |
Share Class | ||||
Class A1 | Class C | Class C2 | Class I | |
Dividend Yield | 1.46% | 0.71% | 1.18% | 1.71% |
SEC 30-Day Yield | 1.08% | 0.36% | 0.79% | 1.34% |
Taxable-Equivalent Yield (40.8%)2 | 1.82% | 0.61% | 1.33% | 2.26% |
Share Class | |||||
Class A | Class C | Class C2 | Class R6 | Class I | |
Actual Performance | |||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,047.77 | $1,042.85 | $1,043.96 | $1,048.79 | $1,048.62 |
Expenses Incurred During the Period | $ 3.48 | $ 7.56 | $ 6.29 | $ 2.25 | $ 2.46 |
Hypothetical
Performance (5% annualized return before expenses) |
|||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.60 | $1,017.60 | $1,018.85 | $1,022.80 | $1,022.60 |
Expenses Incurred During the Period | $ 3.44 | $ 7.47 | $ 6.21 | $ 2.23 | $ 2.43 |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,033.07 | $1,029.15 | $1,031.53 | $1,035.06 |
Expenses Incurred During the Period | $ 3.35 | $ 7.41 | $ 6.15 | $ 2.34 |
Hypothetical
Performance (5% annualized return before expenses) |
||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.70 | $1,017.70 | $1,018.95 | $1,022.70 |
Expenses Incurred During the Period | $ 3.34 | $ 7.36 | $ 6.11 | $ 2.33 |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,019.81 | $1,015.78 | $1,017.93 | $1,021.70 |
Expenses Incurred During the Period | $ 3.13 | $ 7.16 | $ 4.89 | $ 2.12 |
Hypothetical
Performance (5% annualized return before expenses) |
||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.90 | $1,017.90 | $1,020.15 | $1,022.90 |
Expenses Incurred During the Period | $ 3.13 | $ 7.16 | $ 4.90 | $ 2.12 |
Share Class | ||||
Class A | Class C | Class C2 | Class I | |
Actual Performance | ||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,013.60 | $1,009.50 | $1,011.82 | $1,014.49 |
Expenses Incurred During the Period | $ 3.52 | $ 7.54 | $ 5.28 | $ 2.52 |
Hypothetical
Performance (5% annualized return before expenses) |
||||
Beginning Account Value | $1,000.00 | $1,000.00 | $1,000.00 | $1,000.00 |
Ending Account Value | $1,021.50 | $1,017.50 | $1,019.75 | $1,022.50 |
Expenses Incurred During the Period | $ 3.54 | $ 7.57 | $ 5.30 | $ 2.53 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TEM INVESTMENTS – 99.9% | ||||||
MUNICIPAL BONDS – 99.9% | ||||||
Alabama – 1.0% | ||||||
$ 4,220 | Infirmary Health System Special Care Facilities Financing Authority of Mobile, Alabama, Revenue Bonds, Infirmary Health System, Inc, Series 2016A, 5.000%, 2/01/41 | 2/26 at 100.00 | BBB+ | $4,805,398 | ||
14,175 | Lower Alabama Gas District, Alabama, Gas Project Revenue Bonds, Series 2016A, 5.000%, 9/01/46 | No Opt. Call | A | 19,878,311 | ||
500 | Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, Spring Hill College Project, Series 2015, 5.875%, 4/15/45 | 4/25 at 100.00 | N/R | 535,430 | ||
12,295 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 1, Fixed Rate Series 2018A, 4.000%, 4/01/49 (Mandatory Put 4/01/24) | No Opt. Call | A | 13,311,674 | ||
7,985 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24) | 5/24 at 100.29 | A | 8,694,388 | ||
3,055 | Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A | 5/29 at 100.00 | N/R | 3,417,842 | ||
42,230 | Total Alabama | 50,643,043 | ||||
Alaska – 0.1% | ||||||
3,855 | Alaska Municipal Bond Bank, General Obligation Bonds, Refunding Three Series 2016, 5.000%, 12/01/27 | No Opt. Call | AA- | 4,795,042 | ||
2,000 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/32 | 10/19 at 100.00 | B3 | 2,003,200 | ||
5,855 | Total Alaska | 6,798,242 | ||||
Arizona – 1.8% | ||||||
2,435 | Arizona State, State Lottery Revenue Bonds, Refunding Series 2019, 5.000%, 7/01/28 (WI/DD, Settling 10/03/19) | No Opt. Call | AA+ | 3,132,092 | ||
3,045 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 3,157,147 | ||
9,405 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 10,797,034 | ||
Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A: | ||||||
1,250 | 5.000%, 9/01/37 | 9/28 at 100.00 | A2 | 1,511,475 | ||
935 | 5.000%, 9/01/42 | 9/28 at 100.00 | A2 | 1,120,037 | ||
4,120 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019C, 1.660%, 1/01/35 (Mandatory Put 11/14/19) (SIFMA reference rate + 0.57% spread) (4) | 10/23 at 100.00 | AA- | 4,130,547 | ||
2,500 | Maricopa County Union High School District 210 Phoenix, Arizona, General Obligation Bonds, School Improvement Project 2011 and 2017, Series 2018, 5.000%, 7/01/36 | 7/27 at 100.00 | AAA | 3,081,225 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
$ 215 | Maricopa County, Arizona, Hospital Revenue Bonds, Sun Health Corporation, Series 2005, 5.000%, 4/01/25 (Pre-refunded 4/01/24) | 4/24 at 100.00 | N/R (5) | $237,377 | ||
4,000 | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2010A, 5.000%, 7/01/31 (Pre-refunded 7/01/20) | 7/20 at 100.00 | A+ (5) | 4,110,520 | ||
Phoenix Civic Improvement Corporation, Arizona, Revenue Bonds, Civic Plaza Expansion Project, Series 2005B: | ||||||
1,650 | 5.500%, 7/01/31 – FGIC Insured | No Opt. Call | AA | 2,270,383 | ||
6,000 | 5.500%, 7/01/39 – FGIC Insured | No Opt. Call | AA | 8,972,460 | ||
470 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Choice Academies Charter Schools Project, Series 2012, 4.875%, 9/01/22 | No Opt. Call | BB | 485,618 | ||
1,000 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Great Hearts Academies - Veritas Project, Series 2012, 6.400%, 7/01/47 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 1,087,250 | ||
Pima County Industrial Development Authority, Arizona, Education Facility Revenue and Refunding Bonds, Edkey Charter Schools Project, Series 2013: | ||||||
2,205 | 6.000%, 7/01/33 | 7/20 at 102.00 | BB- | 2,229,101 | ||
2,325 | 6.000%, 7/01/43 | 7/20 at 102.00 | BB- | 2,330,301 | ||
195 | 6.000%, 7/01/48 | 7/20 at 102.00 | BB- | 195,197 | ||
440 | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Edkey Charter Schools Project, Series 2014A, 7.375%, 7/01/49 | 7/20 at 102.00 | BB- | 451,792 | ||
400 | Pima County Industrial Development Authority, Arizona, Education Facility Revenue Bonds, San Tan Montessori School Project, Series 2016, 6.500%, 2/01/48, 144A | 2/24 at 100.00 | N/R | 418,636 | ||
3,705 | Pinal County Electrical District 3, Arizona, Electric System Revenue Bonds, Refunding Series 2011, 5.250%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A+ (5) | 3,958,941 | ||
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007: | ||||||
1,000 | 5.250%, 12/01/28 | No Opt. Call | A3 | 1,262,150 | ||
13,155 | 5.000%, 12/01/32 | No Opt. Call | A3 | 17,108,867 | ||
7,675 | 5.000%, 12/01/37 | No Opt. Call | A3 | 10,353,575 | ||
Tempe Industrial Development Authority, Arizona, Revenue Bonds, Friendship Village of Tempe Project, Refunding Series 2012A: | ||||||
2,590 | 6.000%, 12/01/27 | 12/21 at 100.00 | N/R | 2,756,537 | ||
1,080 | 6.000%, 12/01/32 | 12/21 at 100.00 | N/R | 1,141,981 | ||
1,100 | 6.250%, 12/01/42 | 12/21 at 100.00 | N/R | 1,164,570 | ||
1,000 | University Medical Center Corporation, Tucson, Arizona, Hospital Revenue Bonds, Series 2011, 6.000%, 7/01/39 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 1,079,460 | ||
721 | Watson Road Community Facilities District, Arizona, Special Assessment Revenue Bonds, Series 2005, 6.000%, 7/01/30 | 10/19 at 100.00 | N/R | 720,950 | ||
74,616 | Total Arizona | 89,265,223 | ||||
Arkansas – 0.3% | ||||||
13,340 | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019, 4.500%, 9/01/49, 144A (AMT) | 9/26 at 103.00 | B | 14,356,241 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arkansas (continued) | ||||||
Benton County Public Facilities Board, Arkansas, Charter School Lease Revenue Bonds, BCCSO Project, Series 2010A: | ||||||
$ 500 | 5.750%, 6/01/30 (Pre-refunded 6/01/20), 144A | 6/20 at 100.00 | N/R (5) | $514,585 | ||
1,020 | 6.000%, 6/01/40 (Pre-refunded 6/01/20), 144A | 6/20 at 100.00 | N/R (5) | 1,051,355 | ||
14,860 | Total Arkansas | 15,922,181 | ||||
California – 19.5% | ||||||
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Second Subordinate Lien Series 2016B: | ||||||
14,510 | 5.000%, 10/01/35 | 10/26 at 100.00 | BBB+ | 17,091,909 | ||
4,300 | 5.000%, 10/01/36 | 10/26 at 100.00 | BBB+ | 5,054,564 | ||
6,045 | 5.000%, 10/01/37 | 10/26 at 100.00 | BBB+ | 7,083,410 | ||
Alameda Corridor Transportation Authority, California, Revenue Bonds, Refunding Subordinate Lien Series 2004A: | ||||||
2,350 | 0.000%, 10/01/20 – AMBAC Insured (ETM) | No Opt. Call | Aaa | 2,320,296 | ||
50 | 0.000%, 10/01/20 – AMBAC Insured | No Opt. Call | BBB+ | 48,974 | ||
9,715 | Bakersfield City School District, Kern County, California, General Obligation Bonds, Series 2012C, 0.000%, 5/01/47 (6) | 5/40 at 100.00 | Aa3 | 8,026,533 | ||
10,000 | Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Subordinate Fixed Rate Series 2017S-7, 4.000%, 4/01/38 | 4/27 at 100.00 | AA- | 11,214,900 | ||
2,000 | Brentwood Infrastructure Financing Authority, California, Infrastructure Revenue Bonds, Refunding Subordinated Series 2014B, 5.000%, 9/02/36 | 9/24 at 100.00 | N/R | 2,289,640 | ||
14,935 | California Community Housing Agency, Workforce Housing Revenue Bonds, Annadel Apartments, Series 2019A, 5.000%, 4/01/49, 144A | 4/29 at 100.00 | N/R | 16,667,908 | ||
5,450 | California Educational Facilities Authority, Revenue Bonds, Chapman University, Series 2017B, 4.000%, 4/01/47 | 4/27 at 100.00 | A2 | 5,940,336 | ||
12,060 | California Educational Facilities Authority, Revenue Bonds, Pepperdine University, Refunding Series 2016, 5.000%, 10/01/49 | 4/26 at 100.00 | AA | 14,200,650 | ||
10,000 | California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Refunding Series 2017A, 5.000%, 11/15/48 | 11/27 at 100.00 | AA- | 11,986,500 | ||
4,650 | California Health Facilities Financing Authority, California, Revenue Bonds, Sutter Health, Series 2016A, 5.000%, 11/15/41 | 11/25 at 100.00 | AA- | 5,452,218 | ||
1,670 | California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A, 5.000%, 8/15/42 | 8/27 at 100.00 | BBB+ | 1,985,246 | ||
16,400 | California Health Facilities Financing Authority, Revenue Bonds, City of Hope National Medical Center, Series 2019, 4.000%, 11/15/45 | 11/29 at 100.00 | A+ | 18,532,820 | ||
3,015 | California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Refunding Series 2015A, 5.000%, 2/01/40 | 2/25 at 100.00 | AA | 3,472,164 | ||
California Health Facilities Financing Authority, Revenue Bonds, El Camino Hospital, Series 2017: | ||||||
1,395 | 5.000%, 2/01/30 | 2/27 at 100.00 | AA | 1,740,890 | ||
1,105 | 5.000%, 2/01/31 | 2/27 at 100.00 | AA | 1,369,305 | ||
485 | California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services, Series 2014B, 5.000%, 10/01/44 | 10/24 at 100.00 | AA- | 552,459 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 2,185 | California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013A, 5.000%, 7/01/37 | 7/23 at 100.00 | AA- | $2,451,570 | ||
2,320 | California Health Facilities Financing Authority, Revenue Bonds, Sutter Health, Series 2013A, 5.000%, 8/15/52 | 8/23 at 100.00 | AA- | 2,545,040 | ||
1,495 | California Municipal Finance Authority, Charter School Revenue Bonds, Palmdale Aerospace Academy Project, Series 2016A, 5.000%, 7/01/46, 144A | 7/26 at 100.00 | BB | 1,640,897 | ||
3,205 | California Municipal Finance Authority, Mobile Home Park Revenue Bonds, Caritas Projects Series 2010A, 6.400%, 8/15/45 (Pre-refunded 8/15/20) | 8/20 at 100.00 | BBB (5) | 3,348,648 | ||
California Municipal Finance Authority, Revenue Bonds, Biola University, Refunding Series 2017: | ||||||
470 | 5.000%, 10/01/29 | 10/27 at 100.00 | Baa1 | 575,116 | ||
1,165 | 5.000%, 10/01/30 | 10/27 at 100.00 | Baa1 | 1,417,525 | ||
California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017A: | ||||||
7,745 | 5.000%, 7/01/42 | 7/27 at 100.00 | Baa2 | 9,032,684 | ||
7,385 | 5.000%, 7/01/47 | 7/27 at 100.00 | Baa2 | 8,564,015 | ||
5,000 | California Municipal Finance Authority, Revenue Bonds, Eisenhower Medical Center, Refunding Series 2017B, 5.000%, 7/01/42 | 7/27 at 100.00 | Baa2 | 5,831,300 | ||
33,900 | California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 5.000%, 12/31/43 (AMT) | 6/28 at 100.00 | BBB+ | 40,236,588 | ||
California Municipal Finance Authority, Revenue Bonds, NorthBay Healthcare Group, Series 2017A: | ||||||
1,000 | 5.000%, 11/01/30 | 11/26 at 100.00 | BBB- | 1,168,180 | ||
1,040 | 5.250%, 11/01/31 | 11/26 at 100.00 | BBB- | 1,229,758 | ||
California Municipal Finance Authority, Reveue Bonds, Community Medical Centers, Series 2017A: | ||||||
1,750 | 5.000%, 2/01/42 | 2/27 at 100.00 | A- | 2,067,572 | ||
8,875 | 5.000%, 2/01/47 | 2/27 at 100.00 | A- | 10,426,794 | ||
640 | California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authoriity Desalination Project Pipeline, Refunding Series 2019, 5.000%, 11/21/45, 144A | 1/29 at 100.00 | Baa3 | 769,005 | ||
1,625 | California Pollution Control Financing Authority, Water Furnishing Revenue Bonds, San Diego County Water Authority Desalination Project Pipeline, Refunding Series 2019, 5.000%, 7/01/39, 144A | 1/29 at 100.00 | Baa3 | 1,970,459 | ||
1,100 | California Public Finance Authority, Revenue Bonds, Henry Mayo Newhall Hospital, Series 2017, 5.000%, 10/15/37 | 10/26 at 100.00 | BBB- | 1,262,888 | ||
1,475 | California School Finance Authority, Educational Facility Revenue Bonds, River Springs Charter School Project, Series 2017A, 5.000%, 7/01/47, 144A | 7/27 at 100.00 | Ba1 | 1,610,317 | ||
1,000 | California State Public Works Board, Lease Revenue Bonds, Judicial Council of California, Various Projects Series 2011D, 5.000%, 12/01/20 | No Opt. Call | AA- | 1,043,060 | ||
California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Refunding Series 2019B: | ||||||
2,525 | 5.000%, 5/01/31 (WI/DD, Settling 10/01/19) | No Opt. Call | Aa3 | 3,384,485 | ||
2,650 | 5.000%, 5/01/32 (WI/DD, Settling 10/01/19) | No Opt. Call | Aa3 | 3,603,894 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 1,000 | California State Public Works Board, Lease Revenue Bonds, Various Capital Projects, Series 2010A-1, 5.750%, 3/01/30 (Pre-refunded 3/01/20) | 3/20 at 100.00 | A+ (5) | $1,019,390 | ||
33,630 | California State University, Systemwide Revenue Bonds, Series 2018A, 5.000%, 11/01/48 | 11/28 at 100.00 | Aa2 | 41,614,771 | ||
California State, General Obligation Bonds, Refunding Various Purpose Series 2019: | ||||||
8,000 | 3.000%, 10/01/34 | 10/29 at 100.00 | AA | 8,504,560 | ||
8,075 | 3.000%, 10/01/35 | 10/29 at 100.00 | AA | 8,556,189 | ||
700 | California State, General Obligation Bonds, Tender Option Bond Trust 2016-XG0039, 15.150%, 3/01/40 – AGM Insured, 144A (IF) (7) | 3/20 at 100.00 | AA | 746,697 | ||
1,400 | California State, General Obligation Bonds, Various Purpose Series 2010, 5.250%, 3/01/30 | 3/20 at 100.00 | AA | 1,423,142 | ||
12,000 | California State, General Obligation Bonds, Various Purpose Series 2017, 5.000%, 8/01/46 | 8/26 at 100.00 | AA | 14,298,000 | ||
3,960 | California State, General Obligation Bonds, Various Purpose Series 2019, 5.000%, 4/01/49 | 4/29 at 100.00 | AA | 4,960,058 | ||
1,000 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.500%, 12/01/54 | 12/24 at 100.00 | BB | 1,118,320 | ||
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A: | ||||||
1,100 | 5.000%, 12/01/41, 144A | 6/26 at 100.00 | BB | 1,238,875 | ||
1,365 | 5.000%, 12/01/46, 144A | 6/26 at 100.00 | BB | 1,530,220 | ||
26,380 | 5.250%, 12/01/56, 144A | 6/26 at 100.00 | BB | 29,875,086 | ||
5,800 | California Statewide Communities Development Authority, Pollution Control Revenue Bonds, Southern California Edison Company, Series 2006C, 2.625%, 11/01/33 (Mandatory Put 12/01/23) | No Opt. Call | A- | 6,057,172 | ||
600 | California Statewide Communities Development Authority, Revenue Bonds, Front Porch Communities and Services Project, Series 2017A, 5.000%, 4/01/47 | 4/27 at 100.00 | A | 704,304 | ||
2,900 | California Statewide Communities Development Authority, Revenue Bonds, John Muir Health, Series 2018A, 5.000%, 12/01/57 | 12/27 at 100.00 | A+ | 3,432,759 | ||
California Statewide Communities Development Authority, Student Housing Revenue Bonds, University of California, Irvine East Campus Apartments, Phase IV-A CHF-Irvine, LLC, Series 2017: | ||||||
4,000 | 5.000%, 5/15/47 | 5/27 at 100.00 | Baa1 | 4,714,120 | ||
2,750 | 5.000%, 5/15/50 | 5/27 at 100.00 | Baa1 | 3,231,992 | ||
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005A: | ||||||
825 | 5.750%, 7/01/30 | 10/19 at 100.00 | CC | 824,934 | ||
5,300 | 5.750%, 7/01/35 | 10/19 at 100.00 | CC | 5,299,417 | ||
2,000 | 5.500%, 7/01/39 | 10/19 at 100.00 | CC | 1,999,860 | ||
Chaffey Community College District, San Bernardino County, California, General Obligation Bonds, Election 2018 Series 2019A: | ||||||
3,390 | 3.000%, 6/01/37 | 6/28 at 100.00 | AA | 3,537,872 | ||
3,705 | 3.000%, 6/01/38 | 6/28 at 100.00 | AA | 3,855,349 | ||
3,975 | 3.000%, 6/01/39 | 6/28 at 100.00 | AA | 4,123,506 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 400 | Davis Redevelopment Agency, California, Tax Allocation Bonds, Davis Redevelopment Project, Subordinate Series 2011A, 7.000%, 12/01/36 (Pre-refunded 12/01/21) | 12/21 at 100.00 | A+ (5) | $450,228 | ||
6,170 | Elk Grove Finance Authority, California, Special Tax Revenue Bonds, Refunding Series 2016, 5.000%, 9/01/46 | 9/26 at 100.00 | N/R | 7,084,579 | ||
5,500 | Escondido Union School District, San Diego County, California, General Obligation Bonds, Election 2014 Series 2018B, 4.000%, 8/01/47 | 8/27 at 100.00 | AAA | 6,127,660 | ||
Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2015A: | ||||||
1,695 | 0.000%, 1/15/33 | No Opt. Call | A- | 1,147,464 | ||
10,000 | 0.000%, 1/15/35 – AGM Insured | No Opt. Call | AA | 6,615,200 | ||
1,385 | Fullerton Public Financing Authority, California, Tax Allocation Revenue Bonds, Series 2005, 5.000%, 9/01/27 – AMBAC Insured | 3/20 at 100.00 | A | 1,406,592 | ||
10,000 | Gilroy Unified School District, Santa Clara County, California, General Obligation Bonds, Election of 2008 & 2016, Series 2019, 4.000%, 8/01/48 | 8/27 at 100.00 | Aa3 | 11,114,100 | ||
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1: | ||||||
3,425 | 5.000%, 6/01/35 | 6/28 at 100.00 | BBB | 4,061,776 | ||
6,285 | 5.250%, 6/01/47 | 6/22 at 100.00 | N/R | 6,474,870 | ||
46,250 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Revenue Bonds, First Subordinate Series 2007B-1, 0.000%, 6/01/47 | 10/19 at 20.06 | CCC+ | 7,856,025 | ||
9,000 | Irvine Ranch Water District, California, Certificates of Participation, Series 2016, 5.250%, 2/01/41 | 8/26 at 100.00 | AAA | 11,014,290 | ||
1,000 | Jurupa Public Financing Authority, California, Special Tax Revenue Bonds, Superior Lien Series 2010A, 5.000%, 9/01/33 | 9/20 at 100.00 | AA | 1,030,900 | ||
1,980 | Kern Community College District, California, General Obligation Bonds, Safety, Repair & Improvement, Election 2002 Series 2006, 0.000%, 11/01/23 – AGM Insured | No Opt. Call | AA | 1,861,834 | ||
2,750 | Lammersville Joint Unified School District, San Joaquin County, California, Special Tax Bonds, Community Facilities District 2014-1 Improvement Area 1 Mountain House School Facilities, Series 2017, 5.000%, 9/01/42 | 9/27 at 100.00 | N/R | 3,217,940 | ||
11,625 | Lammersville Schools Finance Authority, California, Lease Revenue Bonds, Cordes Elementary School, Series 2019, 3.000%, 10/01/49 – BAM Insured | 10/27 at 100.00 | AA | 11,702,074 | ||
21,500 | Long Beach Unified School District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2019F, 3.000%, 8/01/47 | 8/29 at 100.00 | Aa2 | 21,991,705 | ||
Long Beach, California, Harbor Revenue Bonds, Series 2017: | ||||||
1,600 | 5.000%, 5/15/36 (AMT) | 5/27 at 100.00 | AA | 1,937,616 | ||
1,400 | 5.000%, 5/15/37 (AMT) | 5/27 at 100.00 | AA | 1,690,388 | ||
1,410 | 5.000%, 5/15/40 (AMT) | 5/27 at 100.00 | AA | 1,689,222 | ||
Long Beach, California, Harbor Revenue Bonds, Series 2019A: | ||||||
7,500 | 5.000%, 5/15/44 | 5/29 at 100.00 | Aa2 | 9,406,500 | ||
7,500 | 5.000%, 5/15/49 | 5/29 at 100.00 | Aa2 | 9,369,975 | ||
Los Angeles County Metropolitan Transportation Authority, California, Proposition C Sales Tax Revenue Bonds, Green Senior Lien Series 2019A: | ||||||
9,330 | 5.000%, 7/01/39 | 7/28 at 100.00 | AAA | 11,736,394 | ||
10,340 | 5.000%, 7/01/44 | 7/28 at 100.00 | AAA | 12,842,694 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 15,265 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018C, 5.000%, 5/15/44 (AMT) | 11/27 at 100.00 | AA- | $18,237,095 | ||
10,000 | Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018D, 5.000%, 5/15/48 (AMT) | 5/29 at 100.00 | AA- | 12,177,800 | ||
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018D: | ||||||
7,500 | 5.000%, 7/01/43 | 7/28 at 100.00 | AA | 9,265,200 | ||
6,000 | 5.000%, 7/01/48 | 7/28 at 100.00 | AA | 7,368,900 | ||
12,555 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2019A, 5.250%, 7/01/49 | 1/29 at 100.00 | AA | 15,847,549 | ||
Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2017A: | ||||||
2,300 | 5.000%, 7/01/34 | 1/27 at 100.00 | AA+ | 2,834,819 | ||
2,500 | 5.000%, 7/01/35 | 1/27 at 100.00 | AA+ | 3,073,825 | ||
7,500 | Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2018A, 5.000%, 7/01/48 | 1/28 at 100.00 | AA+ | 9,147,000 | ||
Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2018B-1: | ||||||
8,945 | 5.000%, 7/01/34 – BAM Insured | 1/28 at 100.00 | AA | 11,215,152 | ||
7,475 | 5.000%, 7/01/38 | 1/28 at 100.00 | AAA | 9,230,205 | ||
15,150 | 5.250%, 7/01/42 | 1/28 at 100.00 | AAA | 18,843,721 | ||
Los Angeles, California, Wastewater System Revenue Bonds, Green Subordinate Series 2018A: | ||||||
9,320 | 5.000%, 6/01/43 | 6/28 at 100.00 | AA | 11,537,787 | ||
16,990 | 5.000%, 6/01/48 | 6/28 at 100.00 | AA | 20,880,030 | ||
2,500 | Los Angeles, California, Wastewater System Revenue Bonds, Refunding Green Subordinate Lien Series 2017B, 5.000%, 6/01/35 | 6/27 at 100.00 | AA | 3,111,575 | ||
500 | Lynwood Redevelopment Agency, California, Tax Allocation Revenue Bonds, Project Area A, Subordinate Lien Series 2011A, 7.000%, 9/01/31 | 9/21 at 100.00 | A | 552,290 | ||
3,000 | Madera County, California, Certificates of Participation, Children's Hospital Central California, Series 2010, 5.375%, 3/15/36 (Pre-refunded 3/15/20) | 3/20 at 100.00 | AA- (5) | 3,057,180 | ||
1,000 | Manteca Financing Authority, California, Sewer Revenue Bonds, Series 2009, 5.750%, 12/01/36 | 12/19 at 100.00 | AA | 1,007,250 | ||
1,000 | Modesto Irrigation District, California, Electric System Revenue Bonds, Refunding Series 2011A, 5.000%, 7/01/26 | 7/21 at 100.00 | A+ | 1,062,920 | ||
2,565 | Morongo Band of Mission Indians, California, Enterprise Revenue Bonds, Series 2018A, 5.000%, 10/01/42, 144A | 10/28 at 100.00 | BBB- | 2,902,067 | ||
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A: | ||||||
2,800 | 7.000%, 11/01/34 | No Opt. Call | A | 4,299,764 | ||
2,500 | 6.500%, 11/01/39 | No Opt. Call | A | 3,934,025 | ||
30,945 | Oakland Unified School District, Alameda County, California, General Obligation Bonds, Election 2012, Series 2019A, 3.000%, 8/01/40 – AGM Insured | 8/27 at 100.00 | AA | 31,633,836 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 11,305 | Ontario Redevelopment Financing Authority, San Bernardino County, California, Revenue Bonds, Redevelopment Project 1, Series 1993, 5.800%, 8/01/23 (ETM) | 12/19 at 100.00 | N/R (5) | $12,439,344 | ||
Orange County, California, Special Tax Bonds, Community Facilities District 2016-1 Esencia Village, Series 2016A: | ||||||
1,250 | 5.000%, 8/15/41 | 8/26 at 100.00 | N/R | 1,440,663 | ||
2,000 | 5.000%, 8/15/46 | 8/26 at 100.00 | N/R | 2,294,520 | ||
Palm Desert Redevelopment Agency, California, Successor Agency Redevelopment Project Area, Series 2017A: | ||||||
500 | 5.000%, 10/01/28 – BAM Insured | 4/27 at 100.00 | AA | 629,610 | ||
500 | 5.000%, 10/01/30 – BAM Insured | 4/27 at 100.00 | AA | 621,745 | ||
3,000 | Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2009, 6.625%, 11/01/29 (Pre-refunded 11/01/19) | 11/19 at 100.00 | N/R (5) | 3,012,930 | ||
1,710 | Perris Public Financing Authority, California, Tax Allocation Revenue Bonds, Housing Loan Series 2010A, 6.125%, 10/01/40 | 10/20 at 100.00 | A | 1,787,634 | ||
3,775 | Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Election 2008 Series 2009A, 0.000%, 8/01/23 | No Opt. Call | AA- | 3,562,165 | ||
5,500 | Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/41 | No Opt. Call | AA- | 3,066,965 | ||
15,000 | Rialto Unified School District, San Bernardino County, California, General Obligation Bonds, Series 2011A, 0.000%, 8/01/41 – AGM Insured (6) | 8/36 at 100.00 | AA | 17,666,850 | ||
4,000 | Ridgecrest Redevelopment Agency, California, Ridgecrest Redevelopment Project Tax Allocation Bonds, Refunding Series 2010, 6.125%, 6/30/37 (Pre-refunded 6/30/20) | 6/20 at 100.00 | A- (5) | 4,147,000 | ||
5,775 | Riverside, California, Sewer Revenue Bonds, Refunding Series 2018A, 5.000%, 8/01/39 | 8/28 at 100.00 | AA- | 7,238,731 | ||
715 | Roseville, California, Special Tax Bonds, Community Facilities District 1 Hewlett Parkard Campus Oaks, Series 2016, 5.500%, 9/01/46 | 9/26 at 100.00 | N/R | 827,777 | ||
Sacramento County, California, Airport System Revenue Bonds, Refunding Senior Series 2018C: | ||||||
4,305 | 5.000%, 7/01/37 (AMT) | 7/28 at 100.00 | A+ | 5,246,805 | ||
6,000 | 5.000%, 7/01/38 (AMT) | 7/28 at 100.00 | A+ | 7,293,240 | ||
5,000 | 5.000%, 7/01/39 (AMT) | 7/28 at 100.00 | A+ | 6,064,150 | ||
845 | Sacramento, California, Special Tax Bonds, Community Facilities District 05-1 College Square, Series 2007, 5.900%, 9/01/37 | 3/20 at 100.00 | N/R | 857,067 | ||
San Diego County Regional Airport Authority, California, Airport Revenue Bonds, Subordinate Series 2017A: | ||||||
8,000 | 5.000%, 7/01/42 (AMT) | 7/27 at 100.00 | A | 9,540,320 | ||
2,500 | 5.000%, 7/01/47 | 7/27 at 100.00 | A | 3,007,550 | ||
3,615 | 5.000%, 7/01/47 (AMT) | 7/27 at 100.00 | A | 4,286,522 | ||
6,895 | San Diego Public Facilities Financing Authority, California, Water Utility Revenue Bonds, Subordinate Lien Series 2018A, 5.250%, 8/01/47 | 8/28 at 100.00 | Aa3 | 8,679,633 | ||
San Diego Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Refunding Series 2017A: | ||||||
1,815 | 5.000%, 9/01/36 | 9/26 at 100.00 | AA | 2,219,981 | ||
6,160 | 5.000%, 9/01/40 | 9/26 at 100.00 | AA | 7,451,506 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 12,300 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2016B, 5.000%, 5/01/46 (AMT) | 5/26 at 100.00 | A+ | $14,241,432 | ||
12,715 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2017A, 5.000%, 5/01/47 (AMT) | 5/27 at 100.00 | A+ | 14,936,692 | ||
25,000 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series 2019A, 5.000%, 5/01/44 (AMT) | 5/29 at 100.00 | A+ | 30,435,500 | ||
1,820 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Second Series A of 2009, 4.900%, 5/01/29 | 11/19 at 100.00 | A+ | 1,825,496 | ||
13,300 | San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44 | 1/25 at 100.00 | BBB+ | 15,102,283 | ||
9,745 | San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A, 5.000%, 1/15/44 | 1/25 at 100.00 | A- | 11,106,182 | ||
2,000 | San Jose, California, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 3/01/22 (AMT) | No Opt. Call | A | 2,169,840 | ||
5,350 | San Rafael Elementary School District, Marin County, California, General Obligation Bonds, Series 2005C, 0.000%, 8/01/30 – NPFG Insured | No Opt. Call | AA+ | 4,249,719 | ||
440 | Santee Community Development Commission, California, Santee Redevelopment Project Tax Allocation Bonds, Series 2011A, 7.000%, 8/01/31 (Pre-refunded 2/01/21) | 2/21 at 100.00 | A (5) | 474,126 | ||
2,355 | Semitrophic Improvement District of Semitrophic Water Storage District, Kern County, California, Revenue Bonds, Refunding Series 2009A, 5.000%, 12/01/38 (Pre-refunded 12/01/19) | 12/19 at 100.00 | A+ (5) | 2,369,672 | ||
275 | Temecula Public Financing Authority, California, Special Tax Bonds, Community Facilities District 16-01, Series 2017, 6.250%, 9/01/47, 144A | 9/27 at 100.00 | N/R | 295,554 | ||
500 | Temecula Redevelopment Agency, California, Redevelopment Project 1 Tax Allocation Housing Bonds Series 2011A, 6.750%, 8/01/31 (Pre-refunded 8/01/21) | 8/21 at 100.00 | BBB+ (5) | 550,855 | ||
4,750 | Tobacco Securitization Authority of Southern, California, Tobacco Settlement Asset-Backed Bonds, San Diego County Tobacco Asset Securitization Corporation, Senior Series 2006A, 5.125%, 6/01/46 | 10/19 at 100.00 | B+ | 4,762,540 | ||
920 | Tustin Community Redevelopment Agency, California, Tax Allocation Housing Bonds Series 2010, 5.000%, 9/01/30 – AGM Insured (Pre-refunded 9/01/20) | 9/20 at 100.00 | AA (5) | 952,614 | ||
3,500 | Upland, California, Certificates of Participation, San Antonio Regional Hospital, Series 2017, 5.000%, 1/01/47 | 1/28 at 100.00 | BBB+ | 4,045,475 | ||
5,000 | Victor Valley Union High School District, San Bernardino County, California, General Obligation Bonds, Series 2009A, 5.750%, 8/01/31 – AGC Insured | 8/26 at 100.00 | AA | 6,068,300 | ||
Westminster School District, Orange County, California, General Obligation Bonds, Series 2009-A1: | ||||||
2,485 | 0.000%, 8/01/26 – AGC Insured | No Opt. Call | AA | 2,210,358 | ||
1,405 | 0.000%, 8/01/28 – AGC Insured | No Opt. Call | AA | 1,183,994 | ||
2,920 | 0.000%, 8/01/29 – AGC Insured | No Opt. Call | AA | 2,395,159 | ||
William S Hart Union High School District, Los Angeles County, California, Special Tax Bonds, Community Facilities District 2015-1, Series 2017: | ||||||
1,425 | 5.000%, 9/01/42 | 9/26 at 100.00 | N/R | 1,641,087 | ||
1,205 | 5.000%, 9/01/47 | 9/26 at 100.00 | N/R | 1,381,978 | ||
7,505 | Wiseburn School District, Los Angeles County, California, General Obligation Bonds, Series 2007A, 0.000%, 8/01/30 – NPFG Insured | No Opt. Call | Aa3 | 6,045,202 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 11,250 | Yosemite Community College District, California, General Obligation Bonds, Capital Appreciation, Election 2004, Series 2010D, 0.000%, 8/01/42 (6) | No Opt. Call | Aa2 | $ 10,687,725 | ||
917,225 | Total California | 997,441,617 | ||||
Colorado – 4.9% | ||||||
560 | Aviation Station North Metropolitan District 2, Denver County, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2019A, 5.000%, 12/01/39 | 9/24 at 103.00 | N/R | 600,919 | ||
500 | Broadway Station Metropolitan District 2, Denver City and County, Colorado, General Obligation Limited Tax Bonds, Convertible to Unlimited Series 2019A, 5.125%, 12/01/48 | 6/24 at 103.00 | N/R | 529,675 | ||
1,890 | Colliers Hill Metropolitan District 2, Erie, Weld County, Colorado, General Obligation Limited Tax Bonds, Series 2017A, 6.500%, 12/01/47 | 12/22 at 103.00 | N/R | 1,981,457 | ||
1,400 | Colorado Educational and Cultural Facilities Authority, Charter School Refunding Revenue Bonds, Pinnacle Charter School, Inc K-8 Facility Project, Series 2013, 5.000%, 6/01/26 | 6/23 at 100.00 | A+ | 1,542,492 | ||
2,065 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Community Leadership Academy Project, Series 2008, 6.500%, 7/01/38 | 10/19 at 100.00 | BB+ | 2,069,894 | ||
3,040 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Community Leadership Academy, Inc Second Campus Project, Series 2013, 7.350%, 8/01/43 | 8/23 at 100.00 | BB+ | 3,457,118 | ||
2,500 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Pinnacle Charter School, Inc High School Project, Series 2010, 5.125%, 12/01/39 | 12/19 at 100.00 | AA- | 2,505,800 | ||
11,755 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2019A, 4.000%, 11/15/43 | 11/29 at 100.00 | AA | 13,139,151 | ||
6,570 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2018B, 5.000%, 11/15/48 (Mandatory Put 11/20/25) | No Opt. Call | AA | 7,909,295 | ||
1,400 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Christian Living Neighborhoods Project, Refunding Series 2016, 5.000%, 1/01/37 | 1/24 at 102.00 | N/R | 1,544,970 | ||
9,985 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 4.000%, 8/01/49 | 8/29 at 100.00 | BBB+ | 10,737,769 | ||
12,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Covenant Retirement Communities Inc, Refunding Series 2012A, 5.000%, 12/01/33 | 12/22 at 100.00 | A- | 13,034,520 | ||
725 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.625%, 6/01/43 (Pre-refunded 6/01/23) | 6/23 at 100.00 | BBB+ (5) | 835,976 | ||
6,155 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A, 5.000%, 6/01/45 (Pre-refunded 6/01/25) | 6/25 at 100.00 | BBB+ (5) | 7,361,072 | ||
3,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, Refunding Series 2015B, 4.000%, 9/01/34 | 9/25 at 100.00 | A3 | 3,243,000 | ||
3,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Refunding Composite Deal Series 2010B, 5.250%, 1/01/25 | 1/20 at 100.00 | AA- | 3,028,920 | ||
1,100 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Total Longterm Care National Obligated Group Project, Series 2010A, 6.250%, 11/15/40 (Pre-refunded 11/15/20) | 11/20 at 100.00 | N/R (5) | 1,158,652 | ||
1,000 | Colorado International Center Metropolitan District 14, Denver, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2018, 5.875%, 12/01/46 | 12/23 at 103.00 | N/R | 1,094,200 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 8,000 | Colorado State, Building Excellent Schools Today, Certificates of Participation, Series 2018N, 5.000%, 3/15/38 | 3/28 at 100.00 | Aa2 | $9,823,040 | ||
1,000 | Compark Business Campus Metropolitan District, Douglas County, Colorado, General Obligation Bonds, Series 2012A, 6.750%, 12/01/39 (Pre-refunded 12/01/22) | 12/22 at 100.00 | N/R (5) | 1,152,880 | ||
1,995 | Concord Metropolitan District, Douglas County, Colorado, General Obligation Bonds, Refunding Series 2010, 5.375%, 12/01/40 | 12/20 at 100.00 | BBB+ | 2,049,563 | ||
1,730 | Denver City and County, Colorado, Airport System Revenue Bonds, Refunding Series 2010A, 5.000%, 11/15/21 | 11/20 at 100.00 | AA- | 1,802,920 | ||
5,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013A, 5.250%, 11/15/43 (AMT) | 11/23 at 100.00 | A+ | 5,611,150 | ||
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A: | ||||||
4,000 | 5.000%, 12/01/26 (AMT) | No Opt. Call | A+ | 4,855,600 | ||
10,510 | 5.000%, 12/01/34 (AMT) | 12/28 at 100.00 | A+ | 12,913,637 | ||
24,390 | 5.000%, 12/01/35 (AMT) | 12/28 at 100.00 | A+ | 29,883,360 | ||
19,500 | Denver City and County, Colorado, Dedicated Tax Revenue Bonds, Current Interest Series 2018A-1, 5.000%, 8/01/48 | 8/26 at 100.00 | AA | 23,000,640 | ||
Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016: | ||||||
2,250 | 5.000%, 12/01/26 | No Opt. Call | Baa2 | 2,664,833 | ||
510 | 5.000%, 12/01/31 | 12/26 at 100.00 | Baa2 | 588,693 | ||
3,500 | 5.000%, 12/01/32 | 12/26 at 100.00 | Baa2 | 4,044,600 | ||
1,200 | 5.000%, 12/01/33 | 12/26 at 100.00 | Baa2 | 1,387,512 | ||
565 | 5.000%, 12/01/34 | 12/26 at 100.00 | Baa2 | 653,219 | ||
300 | 5.000%, 12/01/35 | 12/26 at 100.00 | Baa2 | 346,686 | ||
DIATC Metropolitan District, Commerce City, Adams County, Colorado, General Obligation Limited Tax Bonds, Refunding & Improvement Series 2019: | ||||||
505 | 5.000%, 12/01/39, 144A | 9/24 at 103.00 | N/R | 544,269 | ||
500 | 5.000%, 12/01/49, 144A | 9/24 at 103.00 | N/R | 531,525 | ||
11,555 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 1997B, 0.000%, 9/01/24 – NPFG Insured | No Opt. Call | A | 10,590,273 | ||
E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Series 2000B: | ||||||
20 | 0.000%, 9/01/29 – NPFG Insured | No Opt. Call | A | 15,943 | ||
395 | 0.000%, 9/01/30 – NPFG Insured | No Opt. Call | A | 304,043 | ||
20 | 0.000%, 9/01/32 – NPFG Insured | No Opt. Call | A | 14,352 | ||
25 | 0.000%, 9/01/33 – NPFG Insured | No Opt. Call | A | 17,367 | ||
9,890 | E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004A, 0.000%, 9/01/27 – NPFG Insured | No Opt. Call | A | 8,383,852 | ||
1,160 | El Paso County School District 49 Falcon, Colorado, Certificates of Participation, Series 2015, 5.000%, 12/15/28 | 12/25 at 100.00 | Aa3 | 1,392,487 | ||
1,035 | Erie Farm Metropolitan District, Colorado, General Obligation Limited Tax Bonds, Series 2016A, 5.500%, 12/01/45 | 12/21 at 103.00 | N/R | 1,085,808 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 1,764 | Fitzsimons Village Metropolitan District 1, Aurora, Arapahoe County, Colorado, Tax Increment Public Improvement Fee Supported Revenue Bonds, Series 2010A, 7.500%, 3/01/40 | 3/20 at 100.00 | N/R | $1,784,163 | ||
1,365 | Foothills Metropolitan District, Fort Collins, Colorado, Special Revenue Bonds, Series 2014, 6.000%, 12/01/38 | 12/24 at 100.00 | N/R | 1,442,218 | ||
720 | Fossil Ridge Metropolitan District 1, Lakewood, Colorado, Tax-Supported Revenue Bonds, Refunding Series 2010, 7.250%, 12/01/40 | 12/20 at 100.00 | N/R | 743,076 | ||
3,600 | Fossil Ridge Metropolitan District No 3, In the City of Lakewood, Jefferson County, Colorado, General Obligation Limited Tax Bonds, Series 2014, 5.000%, 12/01/44 | 12/20 at 100.00 | BBB | 3,677,076 | ||
660 | Fourth Street Crossing Business Improvement District, Silverthorne, Summit County, Colorado, Special Revenue and Tax Supported Bonds, Senior Series 2019A, 5.125%, 12/01/38, 144A | 6/24 at 103.00 | N/R | 672,943 | ||
9,265 | Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A, 5.375%, 12/01/46 | 12/21 at 103.00 | N/R | 9,473,185 | ||
Lakes at Centerra Metropolitan District 2, Loveland, Colorado, Limited Tax General Obligation Bonds, Refunding & Improvement Series 2018A: | ||||||
1,695 | 5.125%, 12/01/37 | 12/23 at 103.00 | N/R | 1,810,497 | ||
1,945 | 5.250%, 12/01/47 | 12/23 at 103.00 | N/R | 2,075,101 | ||
2,145 | Metropolitan State University of Denver, Colorado, Institutional Enterprise Revenue Bonds, Aerospace and Engineering Sciences Building Project, Series 2016, 5.000%, 12/01/45 | 12/25 at 100.00 | Aa2 | 2,512,910 | ||
2,025 | Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2009, 6.375%, 12/01/37 – AGC Insured (Pre-refunded 12/01/19) | 12/19 at 100.00 | AA (5) | 2,041,787 | ||
620 | Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/45 | 12/25 at 100.00 | A | 701,753 | ||
6,300 | Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Refunding Series 2013, 4.500%, 12/01/30, 144A | 12/22 at 100.00 | N/R | 6,542,424 | ||
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs Utilities, Series 2008: | ||||||
2,170 | 6.250%, 11/15/28 | No Opt. Call | A+ | 2,784,891 | ||
3,580 | 6.500%, 11/15/38 | No Opt. Call | A+ | 5,467,663 | ||
Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010: | ||||||
1,025 | 5.250%, 7/15/24 | 7/20 at 100.00 | BBB+ | 1,048,954 | ||
4,265 | 6.000%, 1/15/41 | 7/20 at 100.00 | BBB+ | 4,390,135 | ||
575 | Sterling Hills West Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Refunding & Improvement Series 2007, 5.000%, 12/01/39 | 12/27 at 100.00 | Baa1 | 663,901 | ||
1,310 | Thompson Crossing Metropolitan District 4, Johnstown, Larimer County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding & Improvement Series 2019, 5.000%, 12/01/49 | 9/24 at 103.00 | N/R | 1,397,154 | ||
815 | Three Springs Metropolitan District 3, Durango, La Plata County, Colorado, Property Tax Supported Revenue Bonds, Series 2010, 7.750%, 12/01/39 | 12/20 at 100.00 | N/R | 832,726 | ||
224,044 | Total Colorado | 249,495,689 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Connecticut – 0.6% | ||||||
$ 860 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Healthcare Facility Expansion Church Home of Hartford Inc Project, Series 2016A, 5.000%, 9/01/53, 144A | 9/26 at 100.00 | BB | $934,734 | ||
1,000 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Sacred Heart University, Series 2011G, 5.625%, 7/01/41 (Pre-refunded 7/01/21) | 7/21 at 100.00 | A (5) | 1,075,900 | ||
11,000 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Trinity Health Credit Group, Series 2016CT, 5.000%, 12/01/45 | 6/26 at 100.00 | AA- | 12,850,530 | ||
3,065 | Connecticut Health and Educational Facilities Authoroity, Revneue Bonds, Connecticut State University System, Series 2019Q-2, 5.000%, 11/01/30 | 11/29 at 100.00 | A1 | 3,945,053 | ||
1,675 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2015A, 5.000%, 8/01/35 | 8/25 at 100.00 | A+ | 1,956,015 | ||
6,500 | Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds, Harbor Point Project, Refunding Series 2017, 5.000%, 4/01/39, 144A | 4/27 at 100.00 | N/R | 7,347,015 | ||
428 | Harbor Point Infrastructure Improvement District, Connecticut, Special Obligation Revenue Bonds, Harbor Point Project, Series 2010A, 7.000%, 4/01/22 (Pre-refunded 4/01/20) | 4/20 at 100.00 | N/R (5) | 439,877 | ||
1,800 | Stamford, Connecticut, Special Obligation Revenue Bonds, Mill River Corridor Project, Series 2011aA, 7.000%, 4/01/41 (Pre-refunded 4/01/21) | 4/21 at 100.00 | N/R (5) | 1,949,400 | ||
26,328 | Total Connecticut | 30,498,524 | ||||
Delaware – 0.1% | ||||||
1,000 | Delaware Economic Development Authority, Exempt Facility Revenue Bonds, Indian River Power LLC Project, Series 2010, 5.375%, 10/01/45 | 10/20 at 100.00 | Baa3 | 1,033,640 | ||
1,000 | Delaware Economic Development Authority, Revenue Bonds, ASPIRA of Delaware Charter Operations, Inc Project, Series 2016A, 5.000%, 6/01/46 | 6/26 at 100.00 | BB+ | 1,077,930 | ||
2,450 | Delaware Health Facilities Authroity, Revenue Bonds, Beebe Medical Center Project, Series 2018, 5.000%, 6/01/48 | 12/28 at 100.00 | BBB | 2,870,812 | ||
600 | Kent County, Delaware, Student Housing & Dining Facility Revenue Bonds, Collegiate Housing Foundation - Dover LLC Delaware State University Project, Series 2018A, 5.000%, 7/01/58 | 1/28 at 100.00 | BB+ | 656,310 | ||
5,050 | Total Delaware | 5,638,692 | ||||
District of Columbia – 0.4% | ||||||
2,000 | Metropolitan Washington DC Airports Authority, District of Columbia, Airport System Revenue Bonds, Refunding Bonds, Series 2011C, 5.000%, 10/01/26 (AMT) | 10/21 at 100.00 | AA- | 2,140,600 | ||
Metropolitan Washington DC Airports Authority, District of Columbia, Airport System Revenue Bonds, Refunding Series 2018A: | ||||||
8,470 | 5.000%, 10/01/33 (AMT) | 10/28 at 100.00 | AA- | 10,475,696 | ||
3,000 | 5.000%, 10/01/34 (AMT) | 10/28 at 100.00 | AA- | 3,698,670 | ||
3,000 | 5.000%, 10/01/35 (AMT) | 10/28 at 100.00 | AA- | 3,688,200 | ||
16,470 | Total District of Columbia | 20,003,166 | ||||
Florida – 4.9% | ||||||
Atlantic Beach, Florida, Healthcare Facilities Revenue Refunding Bonds, Fleet Landing Project, Series 2013A: | ||||||
300 | 5.000%, 11/15/23 | No Opt. Call | BBB | 335,361 | ||
2,300 | 5.000%, 11/15/28 | 11/23 at 100.00 | BBB | 2,555,208 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 1,250 | Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter Academy, Inc Project, Series 2010A, 6.000%, 9/01/40 | 9/20 at 100.00 | BBB | $1,287,813 | ||
445 | Boynton Village Community Development District, Florida, Special Assessment Bonds, Series 2007-A1, 5.750%, 5/01/37 | 10/19 at 100.00 | N/R | 444,956 | ||
6,000 | Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2011, 5.000%, 10/01/41 – AGM Insured (Pre-refunded 10/01/21) | 10/21 at 100.00 | AA (5) | 6,446,160 | ||
Capital Trust Agency, Florida, Multifamily Housing Revenue Bonds, The Gardens Apartments Project, Series 2015A: | ||||||
1,500 | 4.750%, 7/01/40 | 7/25 at 100.00 | CCC+ | 1,108,365 | ||
1,380 | 5.000%, 7/01/50 | 7/25 at 100.00 | CCC+ | 994,304 | ||
12,970 | Capital Trust Agency, Florida, Revenue Bonds, Provision CARES Proton Therapy Center, Orlando Project, Series 2018, 7.500%, 6/01/48, 144A | 6/28 at 100.00 | N/R | 14,216,676 | ||
Capital Trust Agency, Florida, Revenue Bonds, Renaissance Charter School Project, Series 2019A: | ||||||
500 | 4.000%, 6/15/29, 144A | 6/26 at 100.00 | N/R | 517,525 | ||
565 | 5.000%, 6/15/39, 144A | 6/26 at 100.00 | N/R | 597,561 | ||
610 | 5.000%, 6/15/49, 144A | 6/26 at 100.00 | N/R | 641,122 | ||
7,060 | Central Florida Expressway Authority, Revenue Bonds, Refunding Senior Lien Series 2016B, 4.000%, 7/01/39 | 7/26 at 100.00 | A+ | 7,768,965 | ||
910 | Charlotte County Industrial Development Authority, Florida, Utility System Revenue Bonds, Town & Country Utilities Project, Series 2019, 5.000%, 10/01/49, 144A (AMT) | 10/27 at 100.00 | N/R | 994,120 | ||
1,125 | Cityplace Community Development District, Florida, Special Assessement and Revenue Bonds, Refunding Series 2012, 5.000%, 5/01/26 | No Opt. Call | A | 1,284,638 | ||
1,000 | Clearwater, Florida, Water and Sewer Revenue Bonds, Series 2009A, 5.250%, 12/01/39 – AGC Insured (Pre-refunded 12/01/19) | 12/19 at 100.00 | AA (5) | 1,006,560 | ||
1,000 | Coco Palms Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, Series 2016, 5.000%, 5/01/46 | 5/27 at 100.00 | N/R | 1,060,570 | ||
2,885 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Bay Area Charter Foundation, LLC Projects, Series 2011A, 7.750%, 6/15/42 | 12/21 at 101.00 | N/R | 3,082,824 | ||
1,570 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School Income Projects, Series 2015A, 6.125%, 6/15/46, 144A | 6/25 at 100.00 | N/R | 1,724,472 | ||
1,000 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2010A, 6.000%, 9/15/30 | 9/20 at 100.00 | B+ | 1,027,670 | ||
Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2012A: | ||||||
710 | 5.500%, 6/15/22, 144A | No Opt. Call | N/R | 724,378 | ||
500 | 6.000%, 6/15/32, 144A | 6/22 at 100.00 | N/R | 518,785 | ||
1,100 | 6.125%, 6/15/43, 144A | 6/22 at 100.00 | N/R | 1,132,505 | ||
2,000 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2013A, 8.500%, 6/15/44 | 6/23 at 100.00 | N/R | 2,298,540 | ||
1,500 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Renaissance Charter School, Inc Projects, Series 2014A, 6.125%, 6/15/44 | 6/24 at 100.00 | N/R | 1,619,295 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A: | ||||||
$ 8,200 | 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A | No Opt. Call | N/R | $7,646,500 | ||
8,200 | 6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A | 1/25 at 105.00 | N/R | 7,626,000 | ||
16,200 | 6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A | 1/25 at 105.00 | N/R | 15,066,000 | ||
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Jacksonville University Project, Series 2018A-1: | ||||||
450 | 4.500%, 6/01/33, 144A | 6/28 at 100.00 | N/R | 491,805 | ||
550 | 4.750%, 6/01/38, 144A | 6/28 at 100.00 | N/R | 602,267 | ||
6,800 | Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern University Project, Refunding Series 2012A, 5.000%, 4/01/27 | 4/22 at 100.00 | A- | 7,299,800 | ||
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Rollins College Project, Series 2012A: | ||||||
1,210 | 5.000%, 12/01/30 | 12/22 at 100.00 | A2 | 1,342,846 | ||
1,000 | 5.000%, 12/01/31 | 12/22 at 100.00 | A2 | 1,108,620 | ||
3,000 | 5.000%, 12/01/37 | 12/22 at 100.00 | A2 | 3,310,380 | ||
840 | Grand Bay at Doral Community Development District, Miami-Dade County, Florida, Special Assessment Bonds, South Parcel Assessment Area Project, Series 2016, 5.000%, 5/01/46 | 5/26 at 100.00 | N/R | 874,826 | ||
3,130 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Senior Lien Series 2015A, 5.000%, 10/01/44 (AMT) | 10/24 at 100.00 | AA- | 3,526,321 | ||
Jacksonville, Florida, Special Revenue Bonds, Refunding Series 2017A: | ||||||
6,285 | 5.250%, 10/01/42 | 10/27 at 100.00 | AA | 7,652,742 | ||
3,930 | 5.250%, 10/01/47 | 10/27 at 100.00 | AA | 4,758,012 | ||
695 | Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee County Community Charter Schools, Series 2007A, 5.250%, 6/15/27 | 10/19 at 100.00 | BB- | 695,417 | ||
Lee County Industrial Development Authority, Florida, Charter School Revenue Bonds, Lee County Community Charter Schools, Series 2012A: | ||||||
875 | 5.500%, 6/15/32 | 6/22 at 100.00 | BB- | 890,286 | ||
1,375 | 5.750%, 6/15/42 | 6/22 at 100.00 | BB- | 1,396,147 | ||
6,875 | Martin County Health Facilities Authority, Florida, Hospital Revenue Bonds, Martin Memorial Medical Center, Series 2015, 5.000%, 11/15/45 (Pre-refunded 11/15/24) | 11/24 at 100.00 | A+ (5) | 8,097,237 | ||
Martin County Industrial Development Authority, Florida, Industrial Development Revenue Refunding Bonds, Indiantown Cogeneration LP, Series 2013: | ||||||
885 | 3.950%, 12/15/21 (AMT), 144A | 6/20 at 100.00 | BBB+ | 897,470 | ||
9,500 | 4.200%, 12/15/25 (AMT), 144A | 6/20 at 100.00 | BBB+ | 9,638,985 | ||
6,340 | Miami Beach Redevelopment Agency, Florida, Tax Increment Revenue Bonds, City Center/Historic Convention Village, Series 2015A, 5.000%, 2/01/44 – AGM Insured | 2/24 at 100.00 | AA | 7,179,289 | ||
7,405 | Miami Beach, Florida, Stormwater Revenue Bonds, Refunding Series 2017, 5.000%, 9/01/47 | 9/22 at 100.00 | AA- | 8,100,255 | ||
860 | Miami-Dade County Health Facility Authority, Florida, Hospital Revenue Bonds, Nicklaus Children's Hospital, Refunding Series 2017, 5.000%, 8/01/36 | 8/27 at 100.00 | A+ | 1,033,866 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010A-1: | ||||||
$ 1,250 | 5.375%, 10/01/35 (Pre-refunded 10/01/20) | 10/20 at 100.00 | N/R (5) | $1,300,687 | ||
335 | 5.375%, 10/01/35 (Pre-refunded 10/01/20) | 10/20 at 100.00 | A (5) | 348,755 | ||
12,195 | Miami-Dade County, Florida, Aviation Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/38 (AMT) | 10/25 at 100.00 | A | 14,017,299 | ||
22,160 | Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%, 10/01/42 | 10/22 at 100.00 | AA- | 24,363,147 | ||
7,500 | Orange County Health Facilities Authority, Florida, Hospital Revenue Bonds, Orlando Health, Inc, Series 2019A, 5.000%, 10/01/47 | 4/29 at 100.00 | A+ | 9,072,675 | ||
Orange County Health Facilities Authority, Florida, Revenue Bond, Mayflower Retirement Center, Refunding Series 2012: | ||||||
550 | 4.500%, 6/01/27 | 6/21 at 100.00 | BBB | 570,477 | ||
625 | 5.000%, 6/01/32 | 6/21 at 100.00 | BBB | 650,550 | ||
750 | 5.000%, 6/01/36 | 6/21 at 100.00 | BBB | 778,710 | ||
875 | 5.125%, 6/01/42 | 6/21 at 100.00 | BBB | 906,903 | ||
Pinellas County Industrial Development Authority, Florida, Industrial Development Revenue Bonds, Drs Kiran & Pallavi Patel 2017 Foundation for Global Understanding, Inc, Project, Series 2019: | ||||||
615 | 5.000%, 7/01/29 | No Opt. Call | N/R | 737,674 | ||
180 | 5.000%, 7/01/39 | 7/29 at 100.00 | N/R | 210,056 | ||
5,095 | Putnam County Development Authority, Florida, Pollution Control Revenue Bonds, Seminole Electric Cooperatice, Inc Project, Refunding Series 2018B, 5.000%, 3/15/42 | 5/28 at 100.00 | A- | 6,082,462 | ||
1,006 | Riverbend West Community Development District, Florida, Special Assessment Bonds, Series 2016, 5.000%, 5/01/46 | 5/27 at 100.00 | N/R | 1,060,213 | ||
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017: | ||||||
5,000 | 5.000%, 8/15/31 | 8/27 at 100.00 | AA- | 6,153,250 | ||
3,655 | 5.000%, 8/15/47 | 8/27 at 100.00 | AA- | 4,297,293 | ||
500 | Sumter County Industrial Development Authority, Florida, Hospital Revenue Bonds, Central Florida Health Alliance Projects, Series 2014A, 5.000%, 7/01/29 | 1/24 at 100.00 | A- | 560,960 | ||
35 | Tampa, Florida, Health System Revenue Bonds, Baycare Health System, Series 2012A, 5.000%, 11/15/33 | 5/22 at 100.00 | Aa2 | 37,890 | ||
210 | Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (6) | 5/22 at 100.00 | N/R | 180,695 | ||
170 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.650%, 5/01/40 (8) | 10/19 at 100.00 | N/R | 2 | ||
475 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007A-2, 5.250%, 5/01/39 (8) | 10/19 at 100.00 | N/R | 5 | ||
435 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40 | 10/19 at 100.00 | N/R | 371,029 | ||
270 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 | 10/19 at 100.00 | N/R | 189,745 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 290 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (8) | 10/19 at 100.00 | N/R | $3 | ||
250 | Venetian Community Development District, Sarasota County, Florida, Capital Improvement Revenue Bonds, Series 2012-A1, 6.125%, 5/01/42 | 5/22 at 100.00 | N/R | 266,518 | ||
1,495 | Venetian Community Development District, Sarasota County, Florida, Capital Improvement Revenue Bonds, Series 2012-A2, 5.500%, 5/01/34 | 5/22 at 100.00 | N/R | 1,568,404 | ||
Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Embry-Riddle Aeronautical University, Refunding Series 2017: | ||||||
2,380 | 5.000%, 10/15/42 | 10/27 at 100.00 | A3 | 2,789,741 | ||
3,000 | 5.000%, 10/15/47 | 10/27 at 100.00 | A3 | 3,503,490 | ||
13,000 | Volusia County Educational Facilities Authority, Florida, Revenue Bonds, Stetson University Inc Project, Series 2015, 5.000%, 6/01/40 | 6/25 at 100.00 | A- | 14,862,770 | ||
Wynnmere East Community Development District, Hillsborough County, Florida, Special Assessment Revenue Bonds, Series 2016: | ||||||
470 | 5.125%, 5/01/36 | 5/28 at 100.00 | N/R | 497,326 | ||
930 | 5.500%, 5/01/46 | 5/28 at 100.00 | N/R | 1,012,054 | ||
230,486 | Total Florida | 249,014,227 | ||||
Georgia – 1.0% | ||||||
Atlanta Development Authority, Georgia, Senior Health Care Facilities Revenue Bonds, Georgia Proton Treatment Center Project, Current Interest Series 2017A-1: | ||||||
2,500 | 6.750%, 1/01/35 | 1/28 at 100.00 | N/R | 2,685,825 | ||
1,000 | 7.000%, 1/01/40 | 1/28 at 100.00 | N/R | 1,075,970 | ||
2,000 | Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Subordinate Lien Series 2019D, 4.000%, 7/01/39 (AMT) | 7/29 at 100.00 | AA- | 2,250,720 | ||
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2009B: | ||||||
4,565 | 5.375%, 11/01/39 – AGM Insured (Pre-refunded 11/01/19) | 11/19 at 100.00 | AA (5) | 4,580,064 | ||
2,435 | 5.375%, 11/01/39 – AGM Insured | 11/19 at 100.00 | AA | 2,443,036 | ||
10,000 | Fulton County Development Authority, Georgia, Revenue Bonds, Georgia Tech Athletic Association, Series 2011, 5.750%, 10/01/41 (Pre-refunded 4/01/21) | 4/21 at 100.00 | A+ (5) | 10,665,400 | ||
Georgia Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project M Bonds, Series 2019A: | ||||||
1,250 | 5.000%, 1/01/35 | 7/28 at 100.00 | A | 1,498,463 | ||
700 | 5.000%, 1/01/36 | 7/28 at 100.00 | A | 836,878 | ||
1,100 | Georgia Municipal Electric Authority, Senior Lien General Power Revenue Bonds, Series 1993BB, 5.250%, 1/01/25 – NPFG Insured | No Opt. Call | A1 | 1,211,045 | ||
1,000 | Lavonia Hospital Authority, Georgia, Revenue Anticpation Certificates, Ty Cobb Regional Medical Center , Series 2010, 6.000%, 12/01/40 – AGM Insured (Pre-refunded 12/01/20) | 12/20 at 100.00 | AA (5) | 1,054,570 | ||
Main Street Natural Gas Inc, Georgia, Gas Project Revenue Bonds, Series 2007A: | ||||||
960 | 5.000%, 3/15/22 | No Opt. Call | A+ | 1,036,531 | ||
1,000 | 5.500%, 9/15/28 | No Opt. Call | A+ | 1,279,800 | ||
5,000 | Municipal Electric Authority of Georgia, Project One Revenue Bonds, Subordinate Lien Series 2016A, 5.000%, 1/01/28 | 7/26 at 100.00 | A2 | 5,938,750 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia (continued) | ||||||
$ 1,590 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Series 2012A, 5.250%, 10/01/27 | 10/21 at 100.00 | Baa1 | $1,703,542 | ||
13,120 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Savannah College of Art & Design Projects, Series 2014, 5.000%, 4/01/44 | 4/24 at 100.00 | A+ | 14,786,896 | ||
48,220 | Total Georgia | 53,047,490 | ||||
Guam – 0.1% | ||||||
1,020 | Government of Guam, Business Privilege Tax Bonds, Series 2011A, 5.000%, 1/01/31 | 1/22 at 100.00 | BB | 1,074,845 | ||
2,000 | Guam Government Department of Education, Certificates of Participation, John F Kennedy High School Project, Series 2010A, 6.625%, 12/01/30 | 12/20 at 100.00 | B+ | 2,050,320 | ||
1,005 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2010, 5.625%, 7/01/40 (Pre-refunded 7/01/20) | 7/20 at 100.00 | A- (5) | 1,037,652 | ||
985 | Guam Government, General Obligation Bonds, Series 2019, 5.000%, 11/15/31 (AMT) | 5/29 at 100.00 | Ba1 | 1,158,163 | ||
1,610 | Guam International Airport Authority, Revenue Bonds, Series 2013C, 6.375%, 10/01/43 (AMT) | 10/23 at 100.00 | BBB+ | 1,871,706 | ||
6,620 | Total Guam | 7,192,686 | ||||
Hawaii – 0.2% | ||||||
1,500 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2013A, 5.500%, 7/01/43 | 7/23 at 100.00 | AA- | 1,674,780 | ||
1,000 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific University, Series 2013A, 6.875%, 7/01/43 | 7/23 at 100.00 | BB | 1,070,650 | ||
Hawaii Department of Budget and Finance, Special Purpose Senior Living Revenue Bonds, 15 Craigside Project, Series 2009A: | ||||||
865 | 8.750%, 11/15/29 (Pre-refunded 11/15/19) | 11/19 at 100.00 | N/R (5) | 872,577 | ||
1,250 | 9.000%, 11/15/44 (Pre-refunded 11/15/19) | 11/19 at 100.00 | N/R (5) | 1,261,263 | ||
4,545 | Hawaii State, Airport System Revenue Bonds, Series 2015A, 5.000%, 7/01/45 (AMT) | 7/25 at 100.00 | AA- | 5,178,709 | ||
9,160 | Total Hawaii | 10,057,979 | ||||
Idaho – 0.2% | ||||||
Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding Series 2016: | ||||||
2,300 | 3.500%, 9/01/33 | 9/26 at 100.00 | BB+ | 2,306,164 | ||
205 | 5.000%, 9/01/37 | 9/26 at 100.00 | BB+ | 229,863 | ||
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2018A: | ||||||
2,435 | 5.000%, 3/01/36 | 9/28 at 100.00 | A- | 2,922,365 | ||
2,250 | 5.000%, 3/01/37 | 9/28 at 100.00 | A- | 2,687,985 | ||
2,000 | Idaho Housing and Finance Association, Nonprofit Facilities Revenue Bonds, Idaho Arts Charter School, Inc Project, Refunding Series 2016A, 5.000%, 12/01/38 | 12/26 at 100.00 | BBB- | 2,231,220 | ||
9,190 | Total Idaho | 10,377,597 | ||||
Illinois – 7.4% | ||||||
Bensenville, Illinois, General Obligation Bonds, Series 2011A: | ||||||
1,295 | 5.000%, 12/15/30 – AGM Insured (Pre-refunded 12/15/21) | 12/21 at 100.00 | AA (5) | 1,398,108 | ||
705 | 5.000%, 12/15/30 – AGM Insured | 12/21 at 100.00 | AA | 750,811 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Champaign, Illinois, General Obligation Sales Tax Bonds, Public Safety Series 1999: | ||||||
$ 1,140 | 8.250%, 1/01/21 – FGIC Insured | No Opt. Call | Baa2 | $1,231,565 | ||
1,275 | 8.250%, 1/01/22 – FGIC Insured | No Opt. Call | Baa2 | 1,455,922 | ||
67,800 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46 | 4/27 at 100.00 | A | 81,395,934 | ||
590 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues Series 2012A, 5.000%, 12/01/42 | 12/22 at 100.00 | BB | 623,730 | ||
1,215 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Project Series 2015C, 5.250%, 12/01/39 | 12/24 at 100.00 | BB | 1,340,923 | ||
35,090 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2016A, 7.000%, 12/01/44 | 12/25 at 100.00 | BB | 42,659,966 | ||
2,100 | Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011, 5.250%, 12/01/40 | 12/21 at 100.00 | AA | 2,220,246 | ||
1,550 | Chicago, Illinois, Certificates of Participation Tax Increment Bonds, River Point Plaza Redevelopment Project, Series 2018, 4.835%, 4/15/28, 144A | 1/23 at 100.00 | N/R | 1,575,327 | ||
3,180 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2015C, 5.000%, 1/01/46 (AMT) | 1/25 at 100.00 | A | 3,575,719 | ||
900 | Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2014A, 5.000%, 1/01/35 | 1/24 at 100.00 | BBB+ | 971,235 | ||
8,805 | Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38 | 1/27 at 100.00 | BBB+ | 10,518,189 | ||
920 | Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2003B, 5.500%, 1/01/33 | 1/25 at 100.00 | BBB+ | 1,037,797 | ||
13,760 | Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2005D, 5.500%, 1/01/40 | 1/25 at 100.00 | BBB+ | 15,311,990 | ||
125 | Chicago, Illinois, General Obligation Bonds, Project and Refunding Series 2009C, 5.000%, 1/01/34 | 10/19 at 100.00 | BBB+ | 125,329 | ||
Chicago, Illinois, General Obligation Bonds, Project Series 2011A: | ||||||
400 | 5.250%, 1/01/35 | 1/21 at 100.00 | BBB+ | 411,160 | ||
1,035 | 5.000%, 1/01/40 | 1/21 at 100.00 | BBB+ | 1,058,143 | ||
1,000 | Chicago, Illinois, General Obligation Bonds, Project Series 2012A, 5.000%, 1/01/33 | 1/22 at 100.00 | BBB+ | 1,046,340 | ||
7,545 | Chicago, Illinois, General Obligation Bonds, Refunding Series 2007E, 5.500%, 1/01/42 | 1/25 at 100.00 | BBB+ | 8,381,740 | ||
1,635 | Chicago, Illinois, General Obligation Bonds, Refunding Series 2009A, 5.000%, 1/01/22 (Pre-refunded 1/01/20) | 1/20 at 100.00 | BBB+ (5) | 1,649,355 | ||
1,320 | Chicago, Illinois, General Obligation Bonds, Refunding Series 2012C, 5.000%, 1/01/25 | 1/22 at 100.00 | BBB+ | 1,394,052 | ||
Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C: | ||||||
2,260 | 5.000%, 1/01/24 | No Opt. Call | BBB+ | 2,489,752 | ||
935 | 5.000%, 1/01/25 | No Opt. Call | BBB+ | 1,049,500 | ||
2,500 | 5.000%, 1/01/29 | 1/26 at 100.00 | BBB+ | 2,833,875 | ||
705 | 5.000%, 1/01/35 | 1/26 at 100.00 | BBB+ | 784,884 | ||
2,175 | 5.000%, 1/01/38 | 1/26 at 100.00 | BBB+ | 2,405,528 | ||
2,200 | Chicago, Illinois, General Obligation Bonds, Series 2015A, 5.500%, 1/01/39 | 1/25 at 100.00 | BBB+ | 2,451,592 | ||
715 | Chicago, Illinois, General Obligation Bonds, VAribale Rate Demand Series 2007F, 5.500%, 1/01/42 | 1/25 at 100.00 | BBB+ | 794,293 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 4,440 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A, 5.250%, 11/15/33 | 11/20 at 100.00 | AA- | $4,603,880 | ||
2,000 | Cook County, Illinois, Recovery Zone Facility Revenue Bonds, Navistar International Corporation Project, Series 2010, 6.750%, 10/15/40 | 10/20 at 100.00 | BB | 2,071,760 | ||
DeKalb, Kane, LaSalle, Lee, Ogle, Winnebago and Boone Counties Community College District 523, Illinois, General Obligation Bonds, Kishwaukee Community College, Series 2011B: | ||||||
1,000 | 0.000%, 2/01/35 | 2/21 at 38.17 | AA- | 371,960 | ||
750 | 0.000%, 2/01/36 | 2/21 at 35.47 | AA- | 259,193 | ||
575 | Harvey, Cook County, Illinois, Tax Increment Allocation Revenue Bonds, Amended Center Street Redevelopment Project Area, Series 2010, 7.500%, 12/01/19 | No Opt. Call | N/R | 577,702 | ||
1,400 | Illinois Finance Authority, Charter School Revenue Bonds, Uno Charter School Network, Refunding and Improvement Series 2011A, 7.125%, 10/01/41 | 10/21 at 100.00 | BB+ | 1,495,676 | ||
2,195 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A, 5.000%, 9/01/34 | 9/24 at 100.00 | AA+ | 2,519,750 | ||
1,255 | Illinois Finance Authority, Revenue Bonds, Central DuPage Health, Series 2009, 5.250%, 11/01/39 (Pre-refunded 11/01/19) | 11/19 at 100.00 | N/R (5) | 1,258,941 | ||
Illinois Finance Authority, Revenue Bonds, Christian Homes Inc, Refunding Series 2010: | ||||||
710 | 6.125%, 5/15/27 (Pre-refunded 5/15/20) | 5/20 at 100.00 | N/R (5) | 730,696 | ||
1,290 | 6.125%, 5/15/27 | 5/20 at 100.00 | BBB- | 1,318,444 | ||
3,895 | Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013, 4.250%, 5/15/43 | 5/22 at 100.00 | Baa2 | 4,019,212 | ||
10,810 | Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016, 5.000%, 12/01/40 | 6/26 at 100.00 | A3 | 12,435,500 | ||
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Refunding Series 2010A: | ||||||
265 | 6.000%, 5/15/39 | 5/20 at 100.00 | A | 273,822 | ||
1,635 | 6.000%, 5/15/39 (Pre-refunded 5/15/20) | 5/20 at 100.00 | N/R (5) | 1,681,401 | ||
10,715 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 5.000%, 11/15/45 | 11/25 at 100.00 | A | 12,086,734 | ||
1,545 | Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C, 5.125%, 5/15/35 | 5/20 at 100.00 | AA- | 1,571,466 | ||
895 | Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A, 5.500%, 7/01/28 | 7/23 at 100.00 | A- | 1,012,540 | ||
20 | Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 4.000%, 11/15/39 | 5/25 at 100.00 | AA- | 21,399 | ||
1,105 | Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C, 5.000%, 8/15/35 | 8/25 at 100.00 | Baa1 | 1,259,203 | ||
925 | Illinois FInance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc, Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured (Pre-refunded 3/01/20) | 3/20 at 100.00 | AA (5) | 939,939 | ||
4,000 | Illinois Finance Authority, Revenue Bonds, The Carle Foundation, Series 2011A, 6.000%, 8/15/41 | 8/21 at 100.00 | AA- | 4,294,320 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series 2009B: | ||||||
$ 470 | 5.000%, 8/15/26 (Pre-refunded 8/15/20) | 8/20 at 100.00 | N/R (5) | $484,894 | ||
930 | 5.000%, 8/15/26 | 8/20 at 100.00 | AA- | 958,821 | ||
1,500 | Illinois Finance Authority, Revenue Bonds, The University of Chicago Medical Center, Series 2011C, 5.500%, 8/15/41 (Pre-refunded 2/15/21) | 2/21 at 100.00 | AA- (5) | 1,583,730 | ||
4,000 | Illinois Housing Development Authority, Multifamily Housing Revenue Bonds, GNMA Collateralized - Lifelink Developments, Series 2006, 4.850%, 4/20/41 (AMT) (UB) (7) | 12/19 at 100.00 | AA+ | 4,006,440 | ||
7,335 | Illinois Sports Facility Authority, State Tax Supported Bonds, Refunding Series 2014, 5.250%, 6/15/31 – AGM Insured | 6/24 at 100.00 | AA | 8,308,501 | ||
8,000 | Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/30 | 1/26 at 100.00 | BBB | 8,953,200 | ||
5,000 | Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/27 | 5/24 at 100.00 | BBB | 5,498,400 | ||
5,325 | Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/24 | No Opt. Call | BBB | 5,923,051 | ||
Illinois State, General Obligation Bonds, Series 2012A: | ||||||
5,520 | 5.000%, 3/01/25 | 3/22 at 100.00 | BBB | 5,834,861 | ||
5,910 | 5.000%, 3/01/26 | 3/22 at 100.00 | BBB | 6,244,861 | ||
500 | 5.000%, 3/01/27 | 3/22 at 100.00 | BBB | 527,950 | ||
1,440 | Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/28 | 7/23 at 100.00 | BBB | 1,571,314 | ||
5,000 | Illinois State, Sales Tax Revenue Bonds, Build Illinois Series 2011, 5.000%, 6/15/28 | 6/21 at 100.00 | A- | 5,248,100 | ||
3,000 | Lombard Public Facilities Corporation, Illinois, Conference Center and Hotel Revenue Bonds, First Tier Series 2005A-2, 5.500%, 1/01/30 | 10/19 at 100.00 | N/R | 2,917,380 | ||
875 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012A, 5.000%, 6/15/42 – NPFG Insured | 6/22 at 100.00 | BBB | 921,690 | ||
1,280 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B, 5.000%, 6/15/23 | 6/22 at 100.00 | BBB | 1,380,083 | ||
5,400 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2015B, 5.000%, 6/15/52 | 12/25 at 100.00 | BBB | 5,890,266 | ||
1,225 | Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2015A, 5.000%, 6/15/53 | 12/25 at 100.00 | BBB | 1,335,495 | ||
8,025 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Refunding Series 1996A, 0.000%, 12/15/21 – NPFG Insured | No Opt. Call | Baa2 | 7,667,727 | ||
10,000 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A, 0.000%, 12/15/35 – AGM Insured | No Opt. Call | AA | 6,216,400 | ||
1,841 | Plano, Illinois, Special Tax Bonds, Special Service Area 1 & 2 Lakewood Springs Project, Refunding Series 2014, 5.000%, 3/01/34 – AGM Insured | 3/24 at 100.00 | AA | 2,039,018 | ||
845 | Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana College, Series 2012, 4.750%, 10/01/29 | 10/22 at 100.00 | Baa1 | 911,400 | ||
3,890 | Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010, 5.250%, 6/01/21 | No Opt. Call | A | 4,123,789 | ||
4,450 | Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 2001A, 6.000%, 7/01/27 – FGIC Insured | No Opt. Call | AA | 5,625,512 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015: | ||||||
$ 15,530 | 4.000%, 3/01/40 – AGM Insured | 3/25 at 100.00 | AA | $16,556,378 | ||
3,485 | 5.000%, 3/01/40 – AGM Insured | 3/25 at 100.00 | AA | 3,946,170 | ||
5,000 | University of Illinois, Auxiliary Facilities System Revenue Bonds, Series 2013A, 4.000%, 4/01/32 | 4/23 at 100.00 | A1 | 5,310,450 | ||
7,405 | University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013, 6.000%, 10/01/42 | 10/23 at 100.00 | A- | 8,372,167 | ||
339,481 | Total Illinois | 376,104,591 | ||||
Indiana – 2.8% | ||||||
695 | Chesterton, Indiana, Economic Development Revenue Bonds, Storypoint Chesterton Project, Series 2016, 6.250%, 1/15/43, 144A | 1/24 at 104.00 | N/R | 748,758 | ||
5,215 | Indiana Bond Bank, Special Program Gas Revenue Bonds, JP Morgan Ventures Energy Corporation Guaranteed, Series 2007A, 5.250%, 10/15/20 | No Opt. Call | A+ | 5,406,025 | ||
1,400 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For Educational Excellence, Inc, Series 2009A, 6.625%, 10/01/29 | 10/19 at 100.00 | B | 1,402,380 | ||
Indiana Finance Authority, Educational Facilities Revenue Bonds, Lighthouse Academies of Indiana Inc Project, Series 2016: | ||||||
2,475 | 7.000%, 12/01/34, 144A | 12/24 at 100.00 | N/R | 2,596,646 | ||
4,920 | 7.250%, 12/01/44, 144A | 12/24 at 100.00 | N/R | 5,160,194 | ||
Indiana Finance Authority, Educational Facilities Revenue Bonds, Lighthouse Academies of Northwest Indiana Inc Project, Series 2016: | ||||||
3,710 | 7.000%, 12/01/34, 144A | 12/24 at 100.00 | N/R | 3,892,347 | ||
6,075 | 7.250%, 12/01/44, 144A | 12/24 at 100.00 | N/R | 6,371,582 | ||
5,000 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Rose Hulman Institute Of Technology Project, Series 2018, 4.000%, 6/01/44 | 12/28 at 100.00 | A1 | 5,426,200 | ||
1,640 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Valparaiso University Project, Series 2014, 5.000%, 10/01/39 | 10/24 at 100.00 | A3 | 1,839,080 | ||
1,000 | Indiana Finance Authority, Hospital Revenue Bonds, Floyd Memorial Hospital and Health Services Project, Refunding Series 2010, 5.125%, 3/01/30 (Pre-refunded 3/02/20) | 3/20 at 100.00 | N/R (5) | 1,015,530 | ||
3,000 | Indiana Finance Authority, Hospital Revenue Bonds, Marion General Hospital Project, Series 2012A, 5.000%, 7/01/36 | 7/21 at 100.00 | A+ | 3,163,620 | ||
6,495 | Indiana Finance Authority, Hospital Revenue Bonds, Parkview Health, Series 2018A, 5.000%, 11/01/43 | 11/28 at 100.00 | AA- | 7,868,952 | ||
9,215 | Indiana Finance Authority, Provate Activity Bonds, Ohio River Bridges East End Crossing Project, Series 2013A, 5.000%, 7/01/48 (AMT) | 7/23 at 100.00 | A- | 10,038,176 | ||
15,205 | Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, First Lien Green Series 2016A, 5.000%, 10/01/46 | 10/26 at 100.00 | AA | 17,919,092 | ||
8,000 | Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2014A, 5.000%, 10/01/40 | 10/24 at 100.00 | AA | 9,177,920 | ||
Indianapolis Local Public Improvement Bond Bank, Indiana, Community Justice Campus Bonds, Courthouse & Jail Project, Series 2019A: | ||||||
6,490 | 5.000%, 2/01/44 | 2/29 at 100.00 | AAA | 8,041,370 | ||
23,520 | 5.000%, 2/01/49 | 2/29 at 100.00 | AAA | 28,965,821 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
Knox County, Indiana, Economic Development Revenue and Refunding Bonds, Good Samaritan Hospital Project, Series 2012A: | ||||||
$ 1,530 | 5.000%, 4/01/26 | 4/22 at 100.00 | Ba1 | $1,618,036 | ||
1,400 | 5.000%, 4/01/27 | 4/22 at 100.00 | Ba1 | 1,478,680 | ||
1,560 | 5.000%, 4/01/29 | 4/22 at 100.00 | Ba1 | 1,644,599 | ||
Valparaiso, Indiana, Exempt Faciltiies Revenue Bonds, Pratt Paper LLC Project, Series 2013: | ||||||
305 | 5.875%, 1/01/24 (AMT) | No Opt. Call | N/R | 333,359 | ||
9,185 | 7.000%, 1/01/44 (AMT) | 1/24 at 100.00 | N/R | 10,789,068 | ||
5,000 | Vigo County Hospital Authority, Indiana, Hospital Revenue Bonds, Union Hospital, Inc, Series 2011, 8.000%, 9/01/41 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (5) | 5,619,950 | ||
123,035 | Total Indiana | 140,517,385 | ||||
Iowa – 0.5% | ||||||
2,275 | Ames, Iowa, Hospital Revenue Bonds, Mary Greeley Medical Center, Series 2011, 5.250%, 6/15/36 (Pre-refunded 6/15/20) | 6/20 at 100.00 | A2 (5) | 2,336,471 | ||
4,000 | Iowa Finance Authority, Health Facilities Revenue Bonds, UnityPoint Health, Series 2016E, 4.000%, 8/15/46 | 2/26 at 100.00 | AA- | 4,254,520 | ||
2,980 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 12/20 at 103.00 | B+ | 3,023,508 | ||
5,375 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25 | 12/23 at 100.00 | B+ | 5,866,866 | ||
1,015 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/27, 144A | 10/19 at 105.00 | B+ | 1,067,059 | ||
3,920 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33) | 12/25 at 103.00 | B+ | 4,197,026 | ||
810 | Iowa Student Loan Liquidity Corporation, Student Loan Revenue Bonds, Refunding Series 2009-2, 5.500%, 12/01/25 | 12/19 at 100.00 | AAA | 815,144 | ||
360 | Iowa Student Loan Liquidity Corporation, Student Loan Revenue Bonds, Senior Lien Series 2011A-2, 5.750%, 12/01/28 (AMT) | 12/19 at 102.00 | A | 370,192 | ||
2,045 | Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C, 5.625%, 6/01/46 | 10/19 at 100.00 | B | 2,045,409 | ||
22,780 | Total Iowa | 23,976,195 | ||||
Kansas – 0.2% | ||||||
Hutchinson, Kansas, Hospital Facilities Revenue Bonds, Hutchinson Regional Medical Center, Inc, Series 2016: | ||||||
1,500 | 5.000%, 12/01/36 | 12/26 at 100.00 | Baa3 | 1,706,340 | ||
1,320 | 5.000%, 12/01/41 | 12/26 at 100.00 | Baa3 | 1,486,993 | ||
Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2009C: | ||||||
100 | 5.500%, 11/15/29 (Pre-refunded 11/15/19) | 11/19 at 100.00 | N/R (5) | 100,477 | ||
4,440 | 5.500%, 11/15/29 | 11/19 at 100.00 | AA | 4,462,244 | ||
1,250 | Overland Park Development Corporation, Kansas, Second Tier Revenue Bonds, Overland Park Convention Center, Series 2007B, 5.125%, 1/01/22 – AMBAC Insured | 10/19 at 100.00 | BB | 1,252,150 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kansas (continued) | ||||||
$ 780 | Overland Park Transportation Development District, Kansas, Sales Tax Revenue Bonds, Oak Park Mall Project, Series 2010, 5.900%, 4/01/32 | 4/20 at 100.00 | BBB | $ 791,747 | ||
9,390 | Total Kansas | 9,799,951 | ||||
Kentucky – 1.4% | ||||||
Kentucky Bond Development Corporation, Transient Room Tax Revenue Bonds, Lexington Center Corporation Project, Series 2018A: | ||||||
2,545 | 5.000%, 9/01/43 | 9/28 at 100.00 | A2 | 3,050,335 | ||
2,600 | 5.000%, 9/01/48 | 9/28 at 100.00 | A2 | 3,098,134 | ||
6,345 | Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Baptist Healthcare System Obligated Group, Series 2011, 5.000%, 8/15/42 | 8/21 at 100.00 | A | 6,662,821 | ||
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2010A: | ||||||
2,500 | 5.750%, 6/01/25 (Pre-refunded 6/01/20) | 6/20 at 100.00 | Baa3 (5) | 2,571,225 | ||
2,480 | 6.000%, 6/01/30 (Pre-refunded 6/01/20) | 6/20 at 100.00 | Baa3 (5) | 2,554,574 | ||
2,630 | Kentucky Economic Development Finance Authority, Louisville Arena Project Revenue Bonds, Louisville Arena Authority, Inc, Series 2017A, 5.000%, 12/01/45 – AGM Insured | 12/27 at 100.00 | AA | 3,088,251 | ||
Kentucky Economic Development Finance Authority, Revenue Bonds, Next Generation Kentucky Information Highway Project, Senior Series 2015A: | ||||||
5,655 | 5.000%, 7/01/37 | 7/25 at 100.00 | BBB+ | 6,399,141 | ||
2,050 | 5.000%, 1/01/45 | 7/25 at 100.00 | BBB+ | 2,253,114 | ||
Kentucky State Property and Buildings Commission, Revenue Bonds, Project 119, Series 2018: | ||||||
2,000 | 5.000%, 5/01/35 | 5/28 at 100.00 | A1 | 2,414,360 | ||
2,500 | 5.000%, 5/01/36 | 5/28 at 100.00 | A1 | 3,010,175 | ||
4,000 | 5.000%, 5/01/37 | 5/28 at 100.00 | A1 | 4,790,480 | ||
Louisville/Jefferson County Metro Government, Kentucky, Health System Revenue Bonds, Norton Healthcare Inc, Series 2016A: | ||||||
5,735 | 5.000%, 10/01/31 | 10/26 at 100.00 | A+ | 6,867,491 | ||
2,785 | 4.000%, 10/01/35 | 10/26 at 100.00 | A+ | 3,050,048 | ||
5,000 | Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc Project, Improvement and Refunding Series 2011, 6.500%, 3/01/41 | 3/21 at 100.00 | N/R | 5,271,650 | ||
12,750 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 4/01/48 (Mandatory Put 4/01/24) | No Opt. Call | A3 | 13,863,840 | ||
1,635 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2001B, 2.550%, 11/01/27 (Mandatory Put 5/03/21) (AMT) | No Opt. Call | A1 | 1,663,613 | ||
63,210 | Total Kentucky | 70,609,252 | ||||
Louisiana – 0.7% | ||||||
25,965 | Louisiana Public Facilities Authority, Dock and Wharf Revenue Bonds, Impala Warehousing (US) LLC Project, Series 2013, 6.500%, 7/01/36, 144A (AMT) | 7/23 at 100.00 | N/R | 28,657,311 | ||
1,000 | Louisiana Public Facilities Authority, Revenue Bonds, Belle Chasse Educational Foundation Project, Series 2011, 6.750%, 5/01/41 | 5/21 at 100.00 | BBB- | 1,047,060 | ||
2,030 | Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Series 2015, 5.000%, 5/15/47 | 5/25 at 100.00 | A3 | 2,283,161 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
$ 1,050 | New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014, 5.000%, 6/01/44 | 6/24 at 100.00 | A | $1,180,001 | ||
1,135 | Shreveport, Louisiana, Water and Sewer Revenue Bonds, Junior Lien Series 2019B, 4.000%, 12/01/49 – AGM Insured | 12/28 at 100.00 | AA | 1,250,350 | ||
31,180 | Total Louisiana | 34,417,883 | ||||
Maine – 0.3% | ||||||
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011: | ||||||
2,000 | 6.750%, 7/01/36 | 7/21 at 100.00 | BB | 2,158,120 | ||
10,390 | 6.750%, 7/01/41 | 7/21 at 100.00 | BB | 11,178,601 | ||
1,665 | Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Series 2010A, 5.000%, 7/01/40 | 7/20 at 100.00 | AA | 1,707,724 | ||
Portland, Maine, General Airport Revenue Bonds, Refunding Series 2013: | ||||||
460 | 5.000%, 7/01/26 | 7/23 at 100.00 | BBB+ | 509,565 | ||
1,000 | 5.000%, 7/01/27 | 7/23 at 100.00 | BBB+ | 1,106,200 | ||
15,515 | Total Maine | 16,660,210 | ||||
Maryland – 0.6% | ||||||
Maryland Economic Development Corporation Economic Development Revenue Bonds, Terminal Project, Series 2019A: | ||||||
450 | 5.000%, 6/01/44 (AMT) | 6/29 at 100.00 | Baa3 | 540,810 | ||
900 | 5.000%, 6/01/49 (AMT) | 6/29 at 100.00 | Baa3 | 1,075,734 | ||
14,350 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health Issue, Series 2015, 5.000%, 8/15/42 (UB) (7) | 2/25 at 100.00 | A | 16,313,798 | ||
1,000 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson Park Public Charter School Issue, Series 2010, 5.750%, 7/01/30 | No Opt. Call | BB | 1,000,270 | ||
8,390 | Maryland Stadium Authority, Lease Revenue Bonds, Baltimore City Public Schools Construction & Revitalization Program, Series 2016, 5.000%, 5/01/41 | 5/26 at 100.00 | AA | 9,863,536 | ||
25,090 | Total Maryland | 28,794,148 | ||||
Massachusetts – 1.5% | ||||||
8,620 | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Senior Lien Capital Appreciation Series 2016A, 0.000%, 7/01/32 | 7/26 at 85.54 | AA | 6,434,744 | ||
1,000 | Massachusetts Development Finance Agency Revenue Refunding Bonds, NewBridge on the Charles, Inc Issue, Series 2017, 5.000%, 10/01/57, 144A | 10/22 at 105.00 | BB+ | 1,099,890 | ||
4,350 | Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare Project, Series 2007A, 6.750%, 10/15/37 | 10/19 at 100.00 | N/R | 4,200,577 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Beth Israel Lahey Health Issue, Series 2019K: | ||||||
1,315 | 5.000%, 7/01/31 | 7/29 at 100.00 | A | 1,659,951 | ||
1,250 | 5.000%, 7/01/32 | 7/29 at 100.00 | A | 1,569,388 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2016E: | ||||||
1,200 | 5.000%, 7/01/35 | 7/26 at 100.00 | BBB | 1,391,700 | ||
5,590 | 5.000%, 7/01/37 | 7/26 at 100.00 | BBB | 6,444,096 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
$ 10,410 | Massachusetts Development Finance Agency, Revenue Bonds, Emerson College, Series 2016A, 5.000%, 1/01/47 | 1/27 at 100.00 | BBB+ | $11,965,462 | ||
1,500 | Massachusetts Development Finance Agency, Revenue Bonds, Emmanuel College, Series 2016A, 5.000%, 10/01/43 | 10/26 at 100.00 | Baa2 | 1,715,265 | ||
1,035 | Massachusetts Development Finance Agency, Revenue Bonds, Loomis Communities, Series 2013A, 4.875%, 1/01/24 | 1/23 at 100.00 | BBB | 1,132,259 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A: | ||||||
2,500 | 5.000%, 7/01/39 | 1/29 at 100.00 | BBB+ | 3,008,575 | ||
10,165 | 5.000%, 7/01/44 | 1/29 at 100.00 | BBB+ | 12,109,361 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Woods Hole Oceanographic Institution, Series 2018: | ||||||
3,490 | 5.000%, 6/01/43 | 6/28 at 100.00 | AA- | 4,273,819 | ||
6,210 | 5.000%, 6/01/48 | 6/28 at 100.00 | AA- | 7,565,891 | ||
3,010 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2016A, 5.000%, 3/01/46 | 3/24 at 100.00 | Aa1 | 3,399,133 | ||
5,000 | Massachusetts State, General Obligation Bonds, Consolidated Loan, Series 2017F, 5.000%, 11/01/43 | 11/27 at 100.00 | Aa1 | 6,058,400 | ||
66,645 | Total Massachusetts | 74,028,511 | ||||
Michigan – 1.3% | ||||||
4,425 | Bay City, Bay County, Michigan, Unlimited Tax General Street Improvement Bonds, Series 1991, 0.000%, 6/01/21 – AMBAC Insured | No Opt. Call | A+ | 4,157,907 | ||
9,500 | Detroit City School District, Wayne County, Michigan, Unlimited Tax School Building and Site Improvement Bonds, Series 2001A, 6.000%, 5/01/29 – AGM Insured | No Opt. Call | Aa1 | 11,970,570 | ||
800 | Jackson County Hospital Finance Authority, Michigan, Hospital Revenue Bonds, WA Foote Memorial Hospital, Refunding Series 2006B-2, 5.000%, 6/01/27 – AGM Insured (Pre-refunded 6/01/20) | 6/20 at 100.00 | AA (5) | 819,920 | ||
16,670 | Michigan Finance Authority, Hospital Revenue Bonds, McLaren Health Care, Refunding Series 2019A, 4.000%, 2/15/47 | 8/29 at 100.00 | AA- | 18,329,498 | ||
10,115 | Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2016MI, 5.000%, 12/01/45 | 6/26 at 100.00 | AA- | 11,782,660 | ||
270 | Michigan Finance Authority, Public School Academy Limited Obligation Revenue Bonds, Creative Montessori Academy Project, Series 2011, 6.125%, 5/01/21 | 12/19 at 100.00 | BBB- | 270,381 | ||
Michigan Finance Authority, Public School Academy Revenue Bonds, Detroit Service Learning Academy Project, Refunding Series 2011: | ||||||
205 | 6.000%, 10/01/21 | No Opt. Call | B | 199,268 | ||
500 | 7.000%, 10/01/31 | 10/21 at 100.00 | B | 488,535 | ||
1,000 | 7.000%, 10/01/36 | 10/21 at 100.00 | B | 950,570 | ||
2,485 | Michigan Finance Authority, Senior Lien Distributable State Aid Revenue Bonds, Charter County of Wayne Criminal Justice Center Project, Series 2018, 5.000%, 11/01/43 | 11/28 at 100.00 | Aa3 | 3,021,984 | ||
1,550 | Michigan Housing Development Authority, Rental Housing Revenue Bonds, Series 2010A, 5.000%, 10/01/35 | 10/20 at 100.00 | AA | 1,597,259 | ||
1,250 | Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, Chandler Park Academy Project, Series 2008, 6.500%, 11/01/35 | 10/19 at 100.00 | BBB- | 1,252,525 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
$ 1,195 | Michigan Public Educational Facilities Authority, Limited Obligation Revenue Bonds, David Ellis Academy-West Charter School Project, Series 2007, 5.875%, 6/01/37 | 10/19 at 100.00 | N/R | $1,195,550 | ||
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-I-A: | ||||||
750 | 5.375%, 10/15/41 | 10/21 at 100.00 | Aa2 | 807,600 | ||
2,000 | 5.500%, 10/15/45 | 10/21 at 100.00 | Aa2 | 2,153,000 | ||
Michigan State Hospital Finance Authority, Hospital Revenue Bonds, Henry Ford Health System, Refunding Series 2009: | ||||||
500 | 5.625%, 11/15/29 (Pre-refunded 11/15/19) | 11/19 at 100.00 | N/R (5) | 502,550 | ||
1,480 | 5.750%, 11/15/39 (Pre-refunded 11/15/19) | 11/19 at 100.00 | N/R (5) | 1,487,770 | ||
5,000 | Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/39 | 3/24 at 100.00 | A+ | 5,625,050 | ||
59,695 | Total Michigan | 66,612,597 | ||||
Minnesota – 0.9% | ||||||
310 | Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 4.000%, 8/01/41 | 8/26 at 100.00 | BB+ | 315,369 | ||
City of Ham Lake, Minnesota, Charter School Lease Revenue Bonds, DaVinci Academy Project,Series 2016A: | ||||||
150 | 5.000%, 7/01/36 | 7/24 at 102.00 | N/R | 160,049 | ||
270 | 5.000%, 7/01/47 | 7/24 at 102.00 | N/R | 284,507 | ||
4,050 | City of Milaca, Minnesota Refunding Revenue Bonds, Grandview Christian Home Project, Series 2016, 5.000%, 10/01/51 | 10/24 at 102.00 | N/R | 4,272,304 | ||
Columbus, Minnesota, Senior Housing Revenue Bonds, Richfield Senior Housing, Inc, Refunding Series 2015: | ||||||
250 | 5.250%, 1/01/40 | 1/23 at 100.00 | N/R | 252,953 | ||
675 | 5.250%, 1/01/46 | 1/23 at 100.00 | N/R | 680,953 | ||
Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A: | ||||||
1,555 | 5.000%, 8/01/46, 144A | 8/22 at 100.00 | N/R | 1,610,887 | ||
1,250 | 5.000%, 8/01/51, 144A | 8/22 at 100.00 | N/R | 1,293,225 | ||
2,575 | Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A, 5.000%, 11/01/47 | 11/26 at 100.00 | BB | 2,735,603 | ||
3,000 | Minneapolis, Minnesota, Recovery Zone Facility Revenue Bonds, Mozaic Parking, LLC Project, Series 2010A, 8.500%, 1/01/41 | 1/21 at 100.00 | N/R | 3,051,600 | ||
2,250 | Minnesota Higher Education Facilities Authority, Revenue Bonds, Saint Catherine University, Refunding Series 2018A, 5.000%, 10/01/45 | 10/28 at 100.00 | Baa1 | 2,631,060 | ||
500 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Nova Classical Academy, Series 2016A, 4.125%, 9/01/47 | 9/24 at 102.00 | BBB- | 521,405 | ||
16,825 | Saint Paul Port Authority, Minnesota, Solid Waste Disposal Revenue Bonds, Gerdau Saint Paul Steel Mill Project, Series 2012-7, 4.500%, 10/01/37, 144A (AMT) | 10/22 at 100.00 | BBB- | 17,046,080 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
St Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast Inc, Series 2015A: | ||||||
$ 2,500 | 5.000%, 11/15/27 (Pre-refunded 11/15/25) | 11/25 at 100.00 | N/R (5) | $3,016,250 | ||
2,080 | 5.250%, 11/15/28 (Pre-refunded 11/15/20) | 11/20 at 100.00 | N/R (5) | 2,170,501 | ||
535 | 5.250%, 11/15/35 (Pre-refunded 11/15/20) | 11/20 at 100.00 | N/R (5) | 558,278 | ||
235 | 5.000%, 11/15/44 (Pre-refunded 11/15/25) | 11/25 at 100.00 | N/R (5) | 283,528 | ||
3,750 | Western Minnesota Municipal Power Agency, Power Supply Revenue Bonds, Series 2014A, 5.000%, 1/01/46 | 1/24 at 100.00 | Aa3 | 4,237,312 | ||
42,760 | Total Minnesota | 45,121,864 | ||||
Mississippi – 0.2% | ||||||
5,000 | Mississippi Development Bank, Special Obligation Bonds, Gulfport Water and Sewer System Project, Series 2005, 5.250%, 7/01/24 – AGM Insured | No Opt. Call | AA | 5,645,550 | ||
3,430 | University of Mississippi Educational Building Corporation, Revenue Bonds, Facilities Refinancing Project, Series 2019A, 3.000%, 10/01/34 | 10/29 at 100.00 | Aa2 | 3,598,104 | ||
8,430 | Total Mississippi | 9,243,654 | ||||
Missouri – 2.0% | ||||||
3,185 | Bi-State Development Agency, Bi-State MetroLink District, Missouri, St Clair County Metrolink Extension Project Bonds, Refunding Series 2006, 5.250%, 7/01/27 – AGM Insured | No Opt. Call | AA | 4,031,254 | ||
2,205 | Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri, Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36 | 10/19 at 100.00 | A- | 2,211,218 | ||
17,965 | Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019B, 5.000%, 3/01/49 – AGM Insured (AMT) | 3/29 at 100.00 | AA | 21,581,714 | ||
15,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 15,365,250 | ||
8,935 | Missouri Health and Educational Facilities Authority, Health Facilities Revenue Bonds, BJC Health System, Series 2015A, 4.000%, 1/01/45 | 1/25 at 100.00 | AA | 9,566,973 | ||
1,250 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2011, 6.000%, 2/01/41 | 2/21 at 100.00 | BBB | 1,317,188 | ||
4,455 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Washington University, Tender Option Bond Trust 2015-XF0046, 10.367%, 11/15/39 (Pre-refunded 11/15/19), 144A (IF) | 11/19 at 100.00 | AA+ (5) | 4,514,073 | ||
2,250 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A, 5.000%, 1/01/28 | 1/25 at 100.00 | A | 2,632,275 | ||
15,100 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2015A, 4.000%, 1/01/35 | 1/26 at 100.00 | A | 16,659,377 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
Saint Louis Municipal Finance Corporation, Missouri, Leasehold Revenue Bonds, Convention Center, Series 2010A: | ||||||
$ 5,000 | 0.000%, 7/15/31 – AGC Insured | No Opt. Call | AA | $3,716,300 | ||
7,000 | 0.000%, 7/15/32 – AGC Insured | No Opt. Call | AA | 5,011,650 | ||
6,250 | 0.000%, 7/15/33 – AGC Insured | No Opt. Call | AA | 4,317,000 | ||
7,000 | 0.000%, 7/15/34 – AGC Insured | No Opt. Call | AA | 4,652,690 | ||
6,000 | 0.000%, 7/15/35 – AGC Insured | No Opt. Call | AA | 3,838,020 | ||
2,000 | 0.000%, 7/15/36 – AGC Insured | No Opt. Call | AA | 1,230,260 | ||
1,288 | Saint Louis, Missouri, Tax Increment Financing Revenue Bonds, Fashion Square Redevelopment Project, Series 2008A, 6.300%, 8/22/26 | 3/20 at 100.00 | N/R | 1,289,906 | ||
1,390 | Saint Louis, Missouri, Tax Increment Financing Revenue Notes, Marquette Building Redevelopment Project, Series 2008-A, 6.500%, 1/23/28 | 10/19 at 100.00 | N/R | 837,044 | ||
106,273 | Total Missouri | 102,772,192 | ||||
Montana – 0.3% | ||||||
2,505 | Montana Facilities Finance Authority, Montana, Health Facilities Reveue Bonds, Bozeman Deaconess Health Services Obligated Group, Series 2018, 5.000%, 6/01/48 | 6/28 at 100.00 | A | 2,986,611 | ||
1,910 | Montana Facility Finance Authority, Healthcare Facility Revenue Bonds, Kalispell Regional Medical Center, Series 2018B, 5.000%, 7/01/43 | 7/28 at 100.00 | BBB | 2,205,534 | ||
9,130 | Montana Facility Finance Authority, Revenue Bonds, Billings Clinic Obligated Group, Series 2018A, 5.000%, 8/15/48 | 8/28 at 100.00 | AA- | 11,057,161 | ||
13,545 | Total Montana | 16,249,306 | ||||
Nebraska – 0.8% | ||||||
3,075 | Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Refunding Crossover Series 2017A, 5.000%, 9/01/30 | No Opt. Call | A | 3,857,926 | ||
4,000 | Central Plains Energy Project, Nebraska, Gas Project 3 Revenue Bonds, Series 2012, 5.000%, 9/01/42 | 9/22 at 100.00 | A | 4,341,520 | ||
1,740 | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/45 | 11/25 at 100.00 | A | 1,982,469 | ||
Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska City 2, Refunding Series 2016A: | ||||||
18,465 | 5.000%, 2/01/46 (UB) (7) | 2/26 at 100.00 | A+ | 21,352,372 | ||
10,000 | 5.000%, 2/01/49 (UB) (7) | 2/26 at 100.00 | A+ | 11,526,900 | ||
37,280 | Total Nebraska | 43,061,187 | ||||
Nevada – 1.2% | ||||||
Carson City, Nevada, Hospital Revenue Bonds, Carson Tahoe Regional Healthcare Project, Series 2017A: | ||||||
265 | 5.000%, 9/01/29 | 9/27 at 100.00 | A- | 320,547 | ||
750 | 5.000%, 9/01/30 | 9/27 at 100.00 | A- | 903,412 | ||
730 | 5.000%, 9/01/32 | 9/27 at 100.00 | A- | 873,248 | ||
1,965 | 5.000%, 9/01/42 | 9/27 at 100.00 | A- | 2,297,517 | ||
1,150 | 5.000%, 9/01/47 | 9/27 at 100.00 | A- | 1,336,955 | ||
13,600 | Clark County, Nevada, General Obligation Bonds, Stadium Improvement, Limited Tax Additionally Secured by Pledged Revenues, Series 2018A, 5.000%, 5/01/48 | 6/28 at 100.00 | AA+ | 16,463,616 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada (continued) | ||||||
$ 2,000 | Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Series 2010A, 5.000%, 7/01/30 | 1/20 at 100.00 | Aa3 | $2,017,600 | ||
4,765 | Director of Nevada State Department of Business & Industry, Environmental Improvement Revenue Bonds, Fulcrum Sierra Holdings LLC, Green Series 2019, 5.750%, 2/15/38, 144A (AMT) | 8/29 at 100.00 | N/R | 4,829,089 | ||
Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016: | ||||||
1,125 | 4.000%, 9/01/25 | No Opt. Call | N/R | 1,191,791 | ||
1,800 | 4.000%, 9/01/35 | 9/26 at 100.00 | N/R | 1,837,872 | ||
2,500 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/38 | 6/21 at 100.00 | AA+ | 2,636,200 | ||
20,000 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Water Improvement Series 2016A, 5.000%, 6/01/46 (UB) (7) | 6/26 at 100.00 | AA+ | 23,555,400 | ||
Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 607 Providence, Refunding Series 2013: | ||||||
90 | 4.000%, 6/01/20 | No Opt. Call | N/R | 91,012 | ||
715 | 4.000%, 6/01/21 | No Opt. Call | N/R | 734,305 | ||
325 | 5.000%, 6/01/23 | No Opt. Call | N/R | 351,764 | ||
200 | 4.250%, 6/01/24 | 6/23 at 103.00 | N/R | 212,224 | ||
1,760 | Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 812 Summerlin Village 24, Series 2015, 5.000%, 12/01/31 | 12/25 at 100.00 | N/R | 1,941,949 | ||
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority, Refunding Series 2011: | ||||||
20 | 5.000%, 7/01/32 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 21,267 | ||
25 | 5.000%, 7/01/32 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 26,584 | ||
365 | 5.000%, 7/01/32 (Pre-refunded 7/01/21) | 7/21 at 100.00 | Aa2 (5) | 388,444 | ||
54,150 | Total Nevada | 62,030,796 | ||||
New Hampshire – 0.2% | ||||||
8,170 | National Finance Authority, New Hampshire, Resource Recovery Revenue Bonds, Covanta Project, Refunding Series 2018C, 4.875%, 11/01/42, 144A (AMT) | 7/23 at 100.00 | B1 | 8,693,860 | ||
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth-Hitchcock Obligated Group, Series 2018A: | ||||||
1,000 | 5.000%, 8/01/34 | 2/28 at 100.00 | A | 1,219,400 | ||
725 | 5.000%, 8/01/36 | 2/28 at 100.00 | A | 879,505 | ||
9,895 | Total New Hampshire | 10,792,765 | ||||
New Jersey – 1.8% | ||||||
4,510 | Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds, Cooper Health System Obligated Group Issue, Series 2013A, 5.750%, 2/15/42 | 2/23 at 100.00 | BBB+ | 5,040,060 | ||
1,335 | Manalapan-Englishtown Regional Board of Education, New Jersey, General Obligation Bonds, Series 2004, 5.750%, 12/01/21 – FGIC Insured | No Opt. Call | A3 | 1,453,882 | ||
3,215 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 4.000%, 7/01/34 | 7/27 at 100.00 | BBB+ | 3,440,275 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
$ 9,090 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2016AAA, 5.500%, 6/15/29 | 12/26 at 100.00 | A- | $10,950,632 | ||
New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 1999: | ||||||
1,000 | 5.125%, 9/15/23 (AMT) | 8/22 at 101.00 | BB | 1,076,410 | ||
1,650 | 5.250%, 9/15/29 (AMT) | 8/22 at 101.00 | BB | 1,809,588 | ||
2,255 | New Jersey Economic Development Authority, Special Facilities Revenue Bonds, Continental Airlines Inc, Series 2000A & 2000B, 5.625%, 11/15/30 (AMT) | 3/24 at 101.00 | BB | 2,600,940 | ||
835 | New Jersey Economic Development Authority, Student Housing Revenue Bonds, Provident Group-Montclair Properties LLC, Montclair State University Student Housing Project, Series 2010A, 5.750%, 6/01/31 (Pre-refunded 6/01/20) | 6/20 at 100.00 | N/R (5) | 859,917 | ||
1,000 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Princeton HealthCare System, Series 2016A, 5.000%, 7/01/31 | 7/26 at 100.00 | AA | 1,213,680 | ||
1,460 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, University Hospital Issue, Refunding Series 2015A, 5.000%, 7/01/46 – AGM Insured | 7/25 at 100.00 | AA | 1,655,377 | ||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
1,475 | 5.000%, 6/15/30 | 6/26 at 100.00 | A+ | 1,733,110 | ||
1,035 | 5.000%, 6/15/31 | 6/26 at 100.00 | A+ | 1,211,933 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2018A: | ||||||
11,305 | 5.000%, 12/15/32 | 12/28 at 100.00 | A- | 13,394,955 | ||
6,000 | 5.000%, 12/15/33 | 12/28 at 100.00 | A- | 7,092,480 | ||
14,000 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019AA, 5.250%, 6/15/43 | 12/28 at 100.00 | A- | 16,422,420 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB: | ||||||
4,000 | 4.000%, 6/15/36 (WI/DD, Settling 10/03/19) | 12/28 at 100.00 | A- | 4,285,080 | ||
3,200 | 4.000%, 6/15/37 (WI/DD, Settling 10/03/19) | 12/28 at 100.00 | A- | 3,415,552 | ||
3,175 | New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.250%, 1/01/26 – AGM Insured | No Opt. Call | AA | 3,916,553 | ||
1,000 | Newark Housing Authority, New Jersey, City-Secured Police Facility Revenue Bonds, South Ward Police Facility, Series 2009A, 5.750%, 12/01/30 – AGC Insured (Pre-refunded 12/01/19) | 12/19 at 100.00 | A3 (5) | 1,007,370 | ||
1,760 | North Hudson Sewerage Authority, New Jersey, Gross Revenue Lease Certificates, Senior Lien Series 2012A, 5.000%, 6/01/23 (Pre-refunded 6/01/22) | 6/22 at 100.00 | N/R (5) | 1,933,818 | ||
2,000 | Passaic Valley Water Commission, New Jersey, Water System Revenue Bonds, Series 2003, 5.000%, 12/15/19 – AGM Insured | No Opt. Call | AA | 2,014,640 | ||
6,165 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 5.000%, 6/01/46 | 6/28 at 100.00 | BBB | 6,802,153 | ||
81,465 | Total New Jersey | 93,330,825 | ||||
New Mexico – 0.1% | ||||||
3,000 | New Mexico Hospital Equipment Loan Council, First Mortgage Revenue Bonds, La Vida LLena Project, Series 2010A, 5.875%, 7/01/30 (Pre-refunded 7/01/20) | 7/20 at 100.00 | BBB- (5) | 3,098,910 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York – 13.4% | ||||||
$ 11,125 | Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Refunding Series 2016A, 5.000%, 7/15/42 | 1/27 at 100.00 | Baa3 | $12,802,316 | ||
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009: | ||||||
1,100 | 6.000%, 7/15/30 (Pre-refunded 1/15/20) | 1/20 at 100.00 | AA+ (5) | 1,114,850 | ||
7,745 | 6.375%, 7/15/43 (Pre-refunded 1/15/20) | 1/20 at 100.00 | AA+ (5) | 7,857,767 | ||
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds, Charter School for Applied Technologies, Series 2017A: | ||||||
500 | 4.500%, 6/01/27 | 6/24 at 103.00 | BBB- | 555,610 | ||
250 | 5.000%, 6/01/35 | 6/24 at 103.00 | BBB- | 280,400 | ||
1,440 | Buffalo and Fort Erie Public Bridge Authority, New York, Toll Bridge System Revenue Bonds, Series 2017, 5.000%, 1/01/47 | 1/27 at 100.00 | A+ | 1,695,571 | ||
2,500 | Build New York City Resource Corporation, New York, Revenue Bonds, Manhattan College, Series 2017, 5.000%, 8/01/47 | 8/27 at 100.00 | A- | 2,958,925 | ||
2,400 | Build New York City Resource Corporation, Revenue Bonds, Albert Einstein College of Medicine, Inc, Series 2015, 5.500%, 9/01/45, 144A | 9/25 at 100.00 | N/R | 2,746,056 | ||
4,450 | Dormitory Authority of the State of New York, New York State University Facities Revenue Bonds, Series 2018A, 5.000%, 7/01/43 | 7/28 at 100.00 | Aa3 | 5,453,386 | ||
3,500 | Dormitory Authority of the State of New York, Revenue Bonds, Catholic Health System Obligated Group Series 2019A, 4.000%, 7/01/45 | 7/29 at 100.00 | BBB+ | 3,853,325 | ||
8,145 | Dormitory Authority of the State of New York, Revenue Bonds, Icahn School of Medicine at Mount Sinai, Refunding Series 2015A, 5.000%, 7/01/45 | 7/25 at 100.00 | A- | 9,360,886 | ||
4,955 | Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series 2010, 5.500%, 7/01/43 – AGM Insured (Pre-refunded 7/01/20) | 7/20 at 100.00 | AA (5) | 5,115,195 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017: | ||||||
100 | 5.000%, 12/01/34, 144A | 6/27 at 100.00 | BBB- | 117,970 | ||
300 | 5.000%, 12/01/36, 144A | 6/27 at 100.00 | BBB- | 352,188 | ||
Dormitory Authority of the State of New York, Revenue Bonds, School Districts Financing Program, Series 2019A: | ||||||
10,300 | 5.000%, 10/01/28 | 10/27 at 100.00 | Aa3 | 13,093,875 | ||
2,790 | 5.000%, 10/01/33 | 10/27 at 100.00 | Aa3 | 3,466,742 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Teachers College, Series 2017: | ||||||
500 | 5.000%, 7/01/29 | 7/27 at 100.00 | A+ | 620,455 | ||
175 | 5.000%, 7/01/32 | 7/27 at 100.00 | A+ | 214,771 | ||
2,000 | Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose, Series 2019A Bidding Group 2,3,4, 5.000%, 3/15/36 | 3/29 at 100.00 | Aa1 | 2,525,380 | ||
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2018A: | ||||||
14,000 | 5.000%, 3/15/38 | 3/28 at 100.00 | AA+ | 17,227,000 | ||
13,000 | 5.000%, 3/15/41 | 3/28 at 100.00 | AA+ | 15,881,320 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2018C: | ||||||
$ 8,000 | 5.000%, 3/15/36 | 3/28 at 100.00 | AA+ | $9,910,960 | ||
10,000 | 5.000%, 3/15/37 | 3/28 at 100.00 | AA+ | 12,342,300 | ||
1,365 | Hempstead Town Local Development Corporation, New York, Education Revenue Bonds, The Academy Charter School Project, Series 2017A, 6.240%, 2/01/47 | 2/27 at 100.00 | N/R | 1,506,428 | ||
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series 2011A: | ||||||
245 | 5.750%, 2/15/47 (Pre-refunded 2/15/21) | 2/21 at 100.00 | Aa2 (5) | 260,023 | ||
155 | 5.750%, 2/15/47 | 2/21 at 100.00 | Aa2 | 163,824 | ||
6,500 | Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2017, 5.000%, 9/01/42 | 9/27 at 100.00 | A | 7,847,515 | ||
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A: | ||||||
1,000 | 5.000%, 5/01/36 – AGM Insured (Pre-refunded 5/01/21) | 5/21 at 100.00 | AA (5) | 1,060,610 | ||
1,980 | 5.000%, 5/01/38 (Pre-refunded 5/01/21) | 5/21 at 100.00 | A (5) | 2,100,008 | ||
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of Rochester Project, Series 2017A: | ||||||
1,400 | 5.000%, 7/01/34 | 7/27 at 100.00 | AA- | 1,732,850 | ||
1,000 | 5.000%, 7/01/36 | 7/27 at 100.00 | AA- | 1,227,610 | ||
1,000 | 5.000%, 7/01/37 | 7/27 at 100.00 | AA- | 1,222,110 | ||
7,100 | Monroe County Industrial Development Corporation, New York, Revenue Bonds, Rochester General Hospital Project, Series 2017, 5.000%, 12/01/46 | 12/26 at 100.00 | A- | 8,230,604 | ||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
235 | 5.000%, 7/01/23 | No Opt. Call | A- | 263,489 | ||
300 | 5.000%, 7/01/24 | No Opt. Call | A- | 345,249 | ||
210 | 5.000%, 7/01/26 | 7/24 at 100.00 | A- | 241,366 | ||
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx Parking Development Company, LLC Project, Series 2007: | ||||||
3,000 | 3.163%, 10/01/37 (8) | 10/19 at 100.00 | N/R | 1,965,000 | ||
1,000 | 3.231%, 10/01/46 (8) | 10/19 at 100.00 | N/R | 655,000 | ||
715 | New York City Industrial Development Agency, New York, Revenue Bonds, Yankee Stadium Project PILOT, Series 2009A, 7.000%, 3/01/49 – AGC Insured | 10/19 at 100.00 | AA | 718,761 | ||
1,000 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series DD, 5.000%, 6/15/47 | 12/26 at 100.00 | AA+ | 1,195,760 | ||
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2017 Series EE: | ||||||
5,000 | 5.000%, 6/15/36 | 6/27 at 100.00 | AA+ | 6,128,550 | ||
5,000 | 5.000%, 6/15/37 | 6/27 at 100.00 | AA+ | 6,105,500 | ||
18,515 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2019 Series DD-2, 5.250%, 6/15/49 | 6/28 at 100.00 | AA+ | 22,911,942 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2019 Series FF-2: | ||||||
$ 9,760 | 4.000%, 6/15/37 | 6/29 at 100.00 | AA+ | $11,305,301 | ||
10,720 | 4.000%, 6/15/41 | 6/29 at 100.00 | AA+ | 12,236,773 | ||
3,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2018 Series Subseries S-4A, 5.000%, 7/15/33 | 7/28 at 100.00 | AA | 3,773,490 | ||
5,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2018, Series 2017S-1, 5.000%, 7/15/35 | 7/27 at 100.00 | AA | 6,124,650 | ||
22,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal 2019 Subseries S-3A, 5.000%, 7/15/35 | 7/28 at 100.00 | AA | 27,493,180 | ||
4,000 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2015S-2, 5.000%, 7/15/36 | 7/25 at 100.00 | AA | 4,710,880 | ||
15,085 | New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal Series 2016S-1, 5.000%, 7/15/43 | 1/26 at 100.00 | AA | 17,727,741 | ||
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2019 Series A-1: | ||||||
12,000 | 5.000%, 8/01/40 | 8/28 at 100.00 | AAA | 14,766,600 | ||
7,220 | 5.000%, 8/01/42 | 8/28 at 100.00 | AAA | 8,849,482 | ||
7,000 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate Fiscal 2020 Subseries A-3, 3.000%, 5/01/45 | 5/29 at 100.00 | AAA | 7,160,720 | ||
14,965 | New York City, New York, General Obligation Bonds, Fiscal 2018 Series E-1, 5.000%, 3/01/44 | 3/28 at 100.00 | Aa1 | 18,143,416 | ||
New York City, New York, General Obligation Bonds, Fiscal 2018 Series F-1: | ||||||
7,000 | 5.000%, 4/01/39 | 4/28 at 100.00 | Aa1 | 8,607,760 | ||
9,775 | 5.000%, 4/01/43 | 4/28 at 100.00 | Aa1 | 11,884,445 | ||
5,000 | 5.000%, 4/01/45 | 4/28 at 100.00 | Aa1 | 6,064,700 | ||
New York City, New York, General Obligation Bonds, Fiscal 2019 Series D-1: | ||||||
3,800 | 5.000%, 12/01/40 | 12/28 at 100.00 | Aa1 | 4,698,890 | ||
13,695 | 5.000%, 12/01/44 | 12/28 at 100.00 | Aa1 | 16,823,760 | ||
New York City, New York, General Obligation Bonds, Fiscal 2020 Series A-1: | ||||||
20,890 | 3.000%, 8/01/36 | 8/29 at 100.00 | Aa1 | 21,948,914 | ||
20,000 | 4.000%, 8/01/44 | 8/29 at 100.00 | Aa1 | 22,741,000 | ||
20,730 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade Center Project, Class 1 Series 2014, 5.000%, 11/15/44, 144A | 11/24 at 100.00 | N/R | 22,932,148 | ||
6,235 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 1, 2.450%, 9/15/69 (WI/DD, Settling 10/22/19) | 3/29 at 100.00 | Aa2 | 6,363,628 | ||
1,000 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 2, 2.625%, 9/15/69 (WI/DD, Settling 10/22/19) | 3/29 at 100.00 | A2 | 1,016,650 | ||
2,465 | New York Liberty Development Corporation, New York, Liberty Revenue Bonds, Bank of America Tower at One Bryant Park Project, Second Priority Refunding Series 2019 Class 3, 2.800%, 9/15/69 (WI/DD, Settling 10/22/19) | 3/29 at 100.00 | Baa2 | 2,508,803 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 10,160 | New York State Clean Water And Drinking Water Revenue Subordinated Revolving Fds New York City Municipal Water, Series 2019, 3.000%, 6/15/38 (WI/DD, Settling 10/08/19) | 6/29 at 100.00 | AAA | $10,649,102 | ||
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects-Second Resolution Bonds,: | ||||||
1,000 | 5.000%, 6/15/31 (WI/DD, Settling 10/08/19) | 6/29 at 100.00 | AAA | 1,303,030 | ||
2,300 | 5.000%, 6/15/32 (WI/DD, Settling 10/08/19) | 6/29 at 100.00 | AAA | 2,990,184 | ||
2,000 | 5.000%, 6/15/35 (WI/DD, Settling 10/08/19) | 6/29 at 100.00 | AAA | 2,564,980 | ||
24,465 | 5.000%, 6/15/42 | 6/27 at 100.00 | AAA | 29,633,476 | ||
15,000 | 5.000%, 6/15/46 | 6/27 at 100.00 | AAA | 18,084,000 | ||
7,820 | 5.000%, 6/15/48 | 6/28 at 100.00 | AAA | 9,603,351 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016: | ||||||
2,495 | 5.000%, 8/01/20 (AMT) | No Opt. Call | BB | 2,555,454 | ||
2,660 | 5.000%, 8/01/31 (AMT) | 8/21 at 100.00 | BB | 2,792,042 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018: | ||||||
4,000 | 5.000%, 1/01/24 (AMT) | No Opt. Call | Baa3 | 4,500,880 | ||
10,515 | 5.000%, 1/01/27 (AMT) | No Opt. Call | Baa3 | 12,627,253 | ||
10,000 | 5.000%, 1/01/28 (AMT) | No Opt. Call | Baa3 | 12,227,600 | ||
New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A: | ||||||
8,120 | 4.000%, 7/01/37 – AGM Insured (AMT) | 7/24 at 100.00 | AA | 8,687,101 | ||
6,060 | 5.000%, 7/01/46 (AMT) | 7/24 at 100.00 | BBB | 6,712,177 | ||
8,280 | 5.250%, 1/01/50 (AMT) | 7/24 at 100.00 | BBB | 9,242,302 | ||
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, Two Hundred Sixteen Series 2019: | ||||||
5,000 | 4.000%, 9/01/45 | 9/29 at 100.00 | AA- | 5,720,450 | ||
7,855 | 4.000%, 9/01/49 | 9/29 at 100.00 | AA- | 8,931,763 | ||
795 | Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eigth Series 2010, 6.000%, 12/01/42 | 12/20 at 100.00 | BBB+ | 836,356 | ||
1,170 | Suffolk County Economic Development Corporation, New York, Revenue Bonds, Peconic Landing At Southold, Inc Project, Refunding Series 2010, 5.875%, 12/01/30 | 12/20 at 100.00 | BBB- | 1,221,176 | ||
Suffolk County, New York, General Obligation Bonds, Refunding Series 2017A: | ||||||
3,900 | 5.000%, 2/01/25 – AGM Insured | No Opt. Call | AA | 4,564,677 | ||
5,000 | 5.000%, 2/01/26 – AGM Insured | No Opt. Call | AA | 5,992,350 | ||
3,675 | 5.000%, 2/01/27 – AGM Insured | No Opt. Call | AA | 4,501,434 | ||
8,260 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2017A, 5.000%, 11/15/37 | 5/27 at 100.00 | AA- | 10,081,660 | ||
24,510 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, MTA Bridges & Tunnels, Series 2019A, 5.000%, 11/15/49 | 5/29 at 100.00 | AA- | 30,459,803 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 1,360 | Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding Subordinate Lien Series 2017A2, 5.000%, 11/15/42 | 5/27 at 100.00 | AA- | $1,644,539 | ||
1,400 | Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute, Series 2010B, 5.000%, 9/01/20 | No Opt. Call | A3 | 1,445,206 | ||
4,405 | TSASC Inc, New York, Tobacco Asset-Backed Bonds, Series 2006, 5.000%, 6/01/48 | 6/27 at 100.00 | N/R | 4,382,887 | ||
8,000 | TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series A, 5.000%, 6/01/41 | 6/27 at 100.00 | BBB+ | 8,942,400 | ||
5,200 | Westchester County Local Development Corporation, New York, Revenue Bonds, Westchester Medical Center Obligated Group Project, Refunding Series 2016, 5.000%, 11/01/46 | 11/25 at 100.00 | Baa2 | 5,862,740 | ||
582,740 | Total New York | 682,072,751 | ||||
North Carolina – 0.2% | ||||||
1,780 | Charlotte, North Carolina, Water and Sewer System Refunding Bonds, Tender Option Bond Trust 2016-XL0012, 10.490%, 7/01/38, 144A (IF) (7) | 7/20 at 100.00 | AAA | 1,922,240 | ||
1,000 | North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B, 6.000%, 1/01/22 (ETM) | No Opt. Call | Baa2 (5) | 1,104,210 | ||
North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Southminster Project, Refunding Series 2016: | ||||||
335 | 5.000%, 10/01/31 | 10/24 at 102.00 | N/R | 373,311 | ||
890 | 5.000%, 10/01/37 | 10/24 at 102.00 | N/R | 978,199 | ||
North Carolina Turnpike Authority, Monroe Expressway Toll Revenue Bonds, Series 2017A: | ||||||
1,930 | 5.000%, 7/01/47 | 7/26 at 100.00 | BBB | 2,203,133 | ||
1,005 | 5.000%, 7/01/51 | 7/26 at 100.00 | BBB | 1,145,077 | ||
4,310 | 5.000%, 7/01/54 | 7/26 at 100.00 | BBB | 4,907,883 | ||
11,250 | Total North Carolina | 12,634,053 | ||||
North Dakota – 0.2% | ||||||
2,585 | Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Refunding Series 2012A, 5.000%, 7/01/38 (Pre-refunded 7/01/22) | 7/22 at 100.00 | N/R (5) | 2,833,419 | ||
2,060 | Burleigh County, North Dakota, Multi-County Sales Tax Revenue Bonds, Series 2015A, 3.750%, 11/01/34 – AGM Insured | 11/22 at 100.00 | AA | 2,143,100 | ||
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012: | ||||||
2,100 | 4.000%, 12/01/27 | 12/21 at 100.00 | A- | 2,170,056 | ||
3,535 | 5.000%, 12/01/32 | 12/21 at 100.00 | A- | 3,753,392 | ||
10,280 | Total North Dakota | 10,899,967 | ||||
Ohio – 2.3% | ||||||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2: | ||||||
8,850 | 5.125%, 6/01/24 | 10/19 at 100.00 | B- | 8,850,088 | ||
12,920 | 5.875%, 6/01/30 | 10/19 at 100.00 | B- | 12,950,879 | ||
10,060 | 5.750%, 6/01/34 | 10/19 at 100.00 | B- | 10,074,889 | ||
21,760 | 5.875%, 6/01/47 | 10/19 at 100.00 | B- | 21,855,744 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 750 | Butler County Port Authority, Ohio, Public Infrastructure Revenue Bonds, Liberty Center Project, Liberty Community Authority, Series 2014C, 6.000%, 12/01/43 | 12/22 at 100.00 | N/R | $766,140 | ||
Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2010: | ||||||
3,000 | 5.250%, 11/01/29 (Pre-refunded 11/01/20) | 11/20 at 100.00 | A (5) | 3,129,360 | ||
2,000 | 5.750%, 11/01/40 (Pre-refunded 11/01/20) | 11/20 at 100.00 | A (5) | 2,096,940 | ||
3,040 | Franklin County, Ohio, Healthcare Facilities Revenue Bonds, Ohio Presbyterian Retirement Services, Improvement Series 2010A, 5.625%, 7/01/26 | 7/20 at 100.00 | BBB | 3,130,653 | ||
525 | Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc, Refunding Series 2008C, 5.625%, 8/15/29 | 10/19 at 100.00 | A- | 526,817 | ||
5,820 | Lucas County, Ohio, Hospital Revenue Bonds, ProMedica Healthcare Obligated Group, Series 2011A, 6.000%, 11/15/41 (Pre-refunded 11/15/21) | 11/21 at 100.00 | Baa1 (5) | 6,386,053 | ||
1,500 | Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center Project, Refunding Series 2011, 5.250%, 8/01/41 | 8/21 at 100.00 | A2 | 1,586,280 | ||
3,500 | Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard, Refunding & improvement Series 2010, 6.375%, 4/01/30 | 4/20 at 100.00 | BBB- | 3,567,305 | ||
3,700 | Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20 (8) | No Opt. Call | N/R | 3,061,750 | ||
10,000 | Ohio Air Quality Development Authority, Ohio, Exempt Facilities Revenue Bonds, AMG Vanadium Project, Series 2019, 5.000%, 7/01/49, 144A (AMT) | 7/29 at 100.00 | B | 11,055,100 | ||
2,500 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (8) | No Opt. Call | N/R | 2,068,750 | ||
1,075 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Pratt Paper Ohio, LLC Project, Series 2017, 4.250%, 1/15/38, 144A (AMT) | 1/28 at 100.00 | N/R | 1,163,870 | ||
1,500 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 4.000%, 1/01/34 (Mandatory Put 7/01/21) (8) | No Opt. Call | N/R | 1,241,250 | ||
700 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008B, 3.625%, 10/01/33 (Mandatory Put 4/01/20) (8) | No Opt. Call | N/R | 579,250 | ||
7,625 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008C, 3.950%, 11/01/32 (Mandatory Put 5/01/20) (AMT) (8) | No Opt. Call | N/R | 6,309,687 | ||
Southeastern Ohio Port Authority, Hosptial Facilities Revenue Bonds, Memorial Health System Obligated Group Project, Refunding and Improvement Series 2012: | ||||||
1,025 | 5.000%, 12/01/22 | No Opt. Call | BB- | 1,067,558 | ||
3,000 | 5.750%, 12/01/32 | 12/22 at 100.00 | BB- | 3,282,780 | ||
2,000 | 6.000%, 12/01/42 | 12/22 at 100.00 | BB- | 2,165,640 | ||
700 | Toledo Lucas County Port Authority, Ohio, Revenue Bonds, StoryPoint Waterville Project, Series 2016A-1, 6.125%, 1/15/34, 144A | 1/24 at 104.00 | N/R | 761,334 | ||
2,920 | Trumbull County, Ohio, Multifamily Housing Revenue Bonds, Royal Mall Apartments, Series 2007, 5.000%, 5/20/49 (AMT) | 10/19 at 101.00 | Aa1 | 2,928,556 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
Wood County, Ohio, Hospital Facilities Refunding and Improvement Revenue Bonds, Wood County Hospital Project, Series 2012: | ||||||
$ 2,000 | 5.000%, 12/01/27 | 12/22 at 100.00 | Ba2 | $2,143,080 | ||
2,710 | 5.000%, 12/01/32 | 12/22 at 100.00 | Ba2 | 2,877,830 | ||
115,180 | Total Ohio | 115,627,583 | ||||
Oklahoma – 0.4% | ||||||
1,470 | Oklahoma City Airport Trust, Oklahoma, Revenue Bonds, Thirty-Third Series 2018, 5.000%, 7/01/47 (AMT) | 7/28 at 100.00 | A+ | 1,745,449 | ||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: | ||||||
4,385 | 5.500%, 8/15/52 | 8/28 at 100.00 | Baa3 | 5,246,126 | ||
3,250 | 5.500%, 8/15/57 | 8/28 at 100.00 | Baa3 | 3,868,702 | ||
2,500 | Oklahoma Development Finance Authority, Revenue Bonds, Provident Oklahoma Education Resources Inc- Cross Village Student Housing Project, Series 2017, 5.000%, 8/01/52 | 8/27 at 100.00 | CC | 1,475,000 | ||
9,090 | Tulsa Municipal Airport Trust, Oklahoma, Revenue Bonds, American Airlines Inc, Refunding Series 2015, 5.000%, 6/01/35 (Mandatory Put 6/01/25) (AMT) | 6/25 at 100.00 | BB- | 10,264,519 | ||
20,695 | Total Oklahoma | 22,599,796 | ||||
Oregon – 0.4% | ||||||
8,500 | Deschutes County Hospital Facility Authority, Oregon, Hospital Revenue Bonds, Saint Charles Health System, Inc, Series 2016A, 5.000%, 1/01/48 | 1/26 at 100.00 | A+ | 9,669,345 | ||
Multnomah County Hospital Facilities Authority, Oregon, Revenue Bonds, Mirabella South Waterfront, Refunding Series 2014A: | ||||||
1,855 | 5.400%, 10/01/44 | 10/24 at 100.00 | N/R | 2,027,756 | ||
1,600 | 5.500%, 10/01/49 | 10/24 at 100.00 | N/R | 1,752,448 | ||
840 | Oregon Facilities Authority, Revenue Bonds, Concordia University Project, Series 2010A, 6.125%, 9/01/30 (Pre-refunded 9/01/20), 144A | 9/20 at 100.00 | N/R (5) | 876,061 | ||
360 | Oregon Housing and Community Services Department, Multifamily Housing Revenue Bonds, Refunding Series 2010A, 5.150%, 7/01/42 (AMT) | 1/20 at 100.00 | Aaa | 362,131 | ||
7,155 | Port of Portland, Oregon, International Airport Revenue Bonds, Series 2010-20C, 5.000%, 7/01/27 (AMT) | 7/20 at 100.00 | AA- | 7,336,952 | ||
20,310 | Total Oregon | 22,024,693 | ||||
Pennsylvania – 3.8% | ||||||
315 | Allegheny Country Industrial Development Authority, Pennsylvania, Environmental Improvement Revenue Bonds, United States Steel Corporation Project, Series 2012, 5.750%, 8/01/42 (AMT) | 8/22 at 100.00 | BB- | 326,009 | ||
1,125 | Allegheny County Higher Education Building Authority, Pennsylvania, Revenue Bonds, Carlow University, Series 2011, 6.750%, 11/01/31 (Pre-refunded 11/01/21) | 11/21 at 100.00 | N/R (5) | 1,248,221 | ||
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, University of Pittsburgh Medical Center, Series 2019A: | ||||||
4,540 | 4.000%, 7/15/38 | 7/29 at 100.00 | A+ | 5,110,905 | ||
2,555 | 4.000%, 7/15/39 | 7/29 at 100.00 | A+ | 2,862,034 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018: | ||||||
$ 500 | 5.000%, 5/01/23, 144A | No Opt. Call | Ba3 | $543,980 | ||
300 | 5.000%, 5/01/42, 144A | 5/28 at 100.00 | Ba3 | 338,790 | ||
Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Subordinate Lien, Series 2018: | ||||||
6,835 | 5.000%, 5/01/28, 144A | No Opt. Call | N/R | 7,713,298 | ||
1,580 | 5.375%, 5/01/42, 144A | 5/28 at 100.00 | N/R | 1,774,229 | ||
1,000 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Refunding Project, Series 2017, 5.000%, 5/01/42, 144A | 5/27 at 100.00 | Ba3 | 1,119,570 | ||
3,750 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2005A, 4.000%, 1/01/35 (Mandatory Put 7/01/21) (8) | No Opt. Call | N/R | 3,103,125 | ||
Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A: | ||||||
5,800 | 4.375%, 1/01/35 (Mandatory Put 7/01/22) (8) | No Opt. Call | N/R | 6,227,750 | ||
455 | 3.500%, 4/01/41 (Mandatory Put 6/01/20) (8) | No Opt. Call | N/R | 376,513 | ||
2,000 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (Mandatory Put 6/01/20) (8) | No Opt. Call | N/R | 1,655,000 | ||
1,545 | Cumberland County Municipal Authority, Pennsylvania, Revenue Bonds, Diakon Lutheran Social Ministries Project, Series 2015, 5.000%, 1/01/38 | 1/25 at 100.00 | BBB+ | 1,700,752 | ||
Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Refunding Series 2019B: | ||||||
1,100 | 5.000%, 7/01/31 | 7/29 at 100.00 | A1 | 1,422,355 | ||
1,015 | 5.000%, 7/01/32 | 7/29 at 100.00 | A1 | 1,304,285 | ||
1,000 | Delaware River Joint Toll Bridge Commission, New Jersey and Pennsylvania, Bridge System Revenue Bonds, Series 2019A, 5.000%, 7/01/44 | 7/29 at 100.00 | A1 | 1,243,090 | ||
5,500 | Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Series 2018A, 5.000%, 1/01/39 | 1/29 at 100.00 | A+ | 6,852,670 | ||
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2018A: | ||||||
2,185 | 5.000%, 9/01/43 | 9/28 at 100.00 | A | 2,624,644 | ||
5,445 | 5.000%, 9/01/48 | 9/28 at 100.00 | A | 6,502,582 | ||
2,240 | Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, Thomas Jefferson University, Series 2019, 4.000%, 9/01/44 | 9/29 at 100.00 | A | 2,437,703 | ||
705 | Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage Revenue Bonds, New Regional Medical Center Project, Series 2010, 5.375%, 8/01/38 (Pre-refunded 8/01/20) | 8/20 at 100.00 | N/R (5) | 729,118 | ||
910 | Montgomery County Industrial Development Authority, Pennsylvania, FHA Insured Mortgage Revenue Bonds, New Regional Medical Center Project, Tender Option Bond Trust 2017-XF2454, 13.354%, 8/01/24 (Pre-refunded 8/01/20), 144A (IF) (7) | 8/20 at 100.00 | N/R (5) | 1,020,055 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A: | ||||||
$ 1,860 | 5.250%, 1/15/45 | 1/25 at 100.00 | Ba1 | $2,082,251 | ||
1,310 | 5.250%, 1/15/46 | 1/25 at 100.00 | Ba1 | 1,465,418 | ||
1,650 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, National Gypsum Company, Refunding Series 2014, 5.500%, 11/01/44 (AMT) | 11/24 at 100.00 | N/R | 1,765,071 | ||
1,000 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Refunding Bonds, PPL Energy Supply, LLC Project, Series 2009A, 6.400%, 12/01/38 | 9/25 at 100.00 | B | 1,084,060 | ||
4,500 | Pennsylvania Economic Development Financing Authority, Governmental Lease Revenue Bonds, Forum Place Project, Series 2012, 5.000%, 3/01/34 | 3/22 at 100.00 | A | 4,814,775 | ||
Pennsylvania Economic Development Financing Authority, Private Activity Revenue Bonds, Pennsylvania Rapid Bridge Replacement Project, Series 2015: | ||||||
10,395 | 5.000%, 12/31/38 (AMT) | 6/26 at 100.00 | BBB | 11,891,152 | ||
3,750 | 5.000%, 6/30/42 (AMT) | 6/26 at 100.00 | BBB | 4,254,975 | ||
1,200 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Edinboro University Foundation Student Housing Project, Series 2010, 5.800%, 7/01/30 (Pre-refunded 7/01/20) | 7/20 at 100.00 | N/R (5) | 1,240,272 | ||
7,405 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/45 | 6/25 at 100.00 | A+ | 8,496,719 | ||
15,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2009C, 6.250%, 6/01/33 – AGM Insured | 6/26 at 100.00 | AA | 19,131,750 | ||
25,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Subordinate Series 2019A, 5.000%, 12/01/44 | 12/29 at 100.00 | A3 | 30,304,750 | ||
Philadelphia Authority for Industrial Development, Pennsylvania, City Service Agreement Revenue Bonds, Series 2018: | ||||||
2,500 | 5.000%, 5/01/36 | 5/28 at 100.00 | A | 3,047,050 | ||
2,250 | 5.000%, 5/01/37 | 5/28 at 100.00 | A | 2,733,503 | ||
480 | Philadelphia Authority for Industrial Development, Pennsylvania, Revenue Bonds, Global Leadership Academy Project, Series 2010, 5.750%, 11/15/30 | 11/20 at 100.00 | BB- | 492,053 | ||
2,000 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Nineth Series, 2010, 5.000%, 8/01/30 (Pre-refunded 8/01/20) | 8/20 at 100.00 | A (5) | 2,061,400 | ||
4,000 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B, 5.000%, 7/01/34 (AMT) | 7/27 at 100.00 | A | 4,803,120 | ||
260 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Series 2010A, 5.000%, 6/15/40 – AGM Insured | 6/20 at 100.00 | AA | 265,538 | ||
2,380 | Philadelphia, Pennsylvania, General Obligation Bonds, Refunding Series 2011, 6.500%, 8/01/41 (Pre-refunded 8/01/20) | 8/20 at 100.00 | A (5) | 2,481,031 | ||
8,875 | Philadelphia, Pennsylvania, Water and Wastewater Revenue Bonds, Refunding Series 2012, 5.000%, 11/01/28 | 11/22 at 100.00 | A+ | 9,828,796 | ||
2,400 | Pittsburgh and Allegheny County Sports and Exhibition Authority, Pennsylvania, Hotel Room Excise Tax Revenue Bonds, Refunding Series 2010, 5.000%, 2/01/30 – AGM Insured | 8/20 at 100.00 | AA | 2,467,896 | ||
3,000 | Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts Bonds, Federal Transit Administration Section 5309 Fixed Guideway Modernization Formula Funds, Series 2011, 5.000%, 6/01/28 (Pre-refunded 6/01/21) | 6/21 at 100.00 | AA- (5) | 3,183,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 5,400 | The Hospitals and Higher Education Facilities Authority of Philadelphia, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series of 2017, 5.000%, 7/01/34 | 7/27 at 100.00 | BBB- | $6,308,010 | ||
The Hospitals and Higher Education Facilities Authority of Philadelphia, Pennsylvania, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series of 2017: | ||||||
8,865 | 5.000%, 7/01/31 | 7/27 at 100.00 | BBB- | 10,443,413 | ||
1,930 | 5.000%, 7/01/32 | 7/27 at 100.00 | BBB- | 2,266,554 | ||
169,810 | Total Pennsylvania | 195,149,835 | ||||
Puerto Rico – 1.1% | ||||||
5,895 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.125%, 7/01/24 | No Opt. Call | Ca | 6,366,600 | ||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
6,885 | 5.000%, 7/01/21 | No Opt. Call | Ca | 7,177,612 | ||
6,635 | 5.000%, 7/01/22 | No Opt. Call | Ca | 6,966,750 | ||
6,580 | 5.250%, 7/01/24 | 7/22 at 100.00 | Ca | 6,941,900 | ||
13,225 | 5.000%, 7/01/33 | 7/22 at 100.00 | Ca | 13,803,594 | ||
5,270 | 5.250%, 7/01/42 | 7/22 at 100.00 | Ca | 5,526,913 | ||
10,000 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1, 5.000%, 7/01/58 | 7/28 at 100.00 | N/R | 10,567,200 | ||
54,490 | Total Puerto Rico | 57,350,569 | ||||
South Carolina – 1.1% | ||||||
3,330 | Columbia, South Carolina, Stormwater System Revenue Bonds, City Stormwater Improvements, Green Series 2018, 5.000%, 2/01/48 | 2/28 at 100.00 | AA+ | 4,038,724 | ||
170 | Greenville, South Carolina, Hospital Facilities Revenue Bonds, Series 1990, 6.000%, 5/01/20 | No Opt. Call | A | 174,462 | ||
10,000 | Patriots Energy Group Financing Agency, South Carolina, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 10/01/48 (Mandatory Put 2/01/24) | 1/24 at 100.30 | Aa2 | 10,893,000 | ||
3,000 | South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Prisma Health Obligated Group, Series 2018A, 5.000%, 5/01/48 | 5/28 at 100.00 | A | 3,509,070 | ||
5,000 | South Carolina Public Service Authority Santee Cooper Revenue Obligations, Refunding Series 2016B, 5.000%, 12/01/56 | 12/26 at 100.00 | A | 5,797,950 | ||
7,140 | South Carolina Public Service Authority, Electric System Revenue Bonds, Santee Cooper, Refunding Series 2012D, 5.000%, 12/01/43 | 6/22 at 100.00 | A | 7,641,799 | ||
2,385 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014B, 5.000%, 12/01/31 | 6/24 at 100.00 | A | 2,726,866 | ||
2,165 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2016A, 5.000%, 12/01/31 | 6/26 at 100.00 | A | 2,584,231 | ||
2,000 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013A, 5.500%, 12/01/33 | 12/23 at 100.00 | A | 2,295,080 | ||
4,520 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2013E, 5.000%, 12/01/48 | 12/23 at 100.00 | A | 5,018,149 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Carolina (continued) | ||||||
South Carolina State Ports Authority, Revenue Bonds, Series 2018: | ||||||
$ 4,860 | 5.000%, 7/01/31 (AMT) | 7/28 at 100.00 | A+ | $5,967,157 | ||
3,760 | 5.000%, 7/01/32 (AMT) | 7/28 at 100.00 | A+ | 4,600,548 | ||
48,330 | Total South Carolina | 55,247,036 | ||||
South Dakota – 0.1% | ||||||
2,500 | Rapid City, South Dakota, Airport Customer Facility Charge Revenue Bonds, Recovery Zone Facility Bond Series 2010B, 7.000%, 12/01/30 | 12/20 at 102.00 | N/R | 2,660,875 | ||
1,000 | Rapid City, South Dakota, Airport Revenue Bonds, Passenger Facility Charge Supported, Refunding Series 2011A, 7.000%, 12/01/35 | 12/19 at 100.00 | Baa2 | 1,009,770 | ||
910 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015, 5.000%, 11/01/45 | 11/25 at 100.00 | A+ | 1,039,011 | ||
4,410 | Total South Dakota | 4,709,656 | ||||
Tennessee – 1.2% | ||||||
3,000 | Claiborne County, Tennessee, Industrial Development Board, Revenue Refunding Bonds, Lincoln Memorial University Project, Series 2009, 6.625%, 10/01/39 | 10/19 at 100.00 | N/R | 3,010,110 | ||
Greeneville Health and Educational Facilities Board, Tennessee, Hospital Revenue Bonds, Ballad Health, Series 2018A: | ||||||
5,000 | 5.000%, 7/01/31 | 7/23 at 100.00 | A | 5,565,650 | ||
4,860 | 5.000%, 7/01/32 | 7/23 at 100.00 | A | 5,402,327 | ||
1,660 | 5.000%, 7/01/33 | 7/23 at 100.00 | A | 1,843,961 | ||
6,500 | 5.000%, 7/01/34 | 7/23 at 100.00 | A | 7,207,915 | ||
10,425 | Memphis-Shelby County Airport Authority, Tennessee, Airport Revenue Bonds, Series 2018, 5.000%, 7/01/47 (AMT) | 7/28 at 100.00 | A | 12,378,436 | ||
1,440 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Belmont University Project, Series 2012, 5.000%, 11/01/26 | 11/21 at 100.00 | A | 1,537,085 | ||
1,900 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Knowledge Academy Charter School, Series 2017A, 5.500%, 6/15/37, 144A (8) | 6/27 at 100.00 | N/R | 1,045,000 | ||
5,240 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/46 (UB) (7) | 7/26 at 100.00 | A3 | 6,067,553 | ||
South Blount County Utility District, Tennessee, Waterworks Revenue Bonds, Improvement & Refunding Series 2009: | ||||||
635 | 5.250%, 12/01/39 – AGM Insured (Pre-refunded 12/01/19) | 12/19 at 100.00 | AA (5) | 639,058 | ||
1,365 | 5.250%, 12/01/39 – AGM Insured | 12/19 at 100.00 | AA | 1,373,832 | ||
1,000 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A, 5.250%, 9/01/21 | No Opt. Call | A | 1,065,590 | ||
10,870 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C, 4.000%, 5/01/48 (Mandatory Put 5/01/23) | No Opt. Call | A | 11,627,313 | ||
53,895 | Total Tennessee | 58,763,830 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas – 7.0% | ||||||
Arlington Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education, Series 2016A: | ||||||
$ 125 | 5.000%, 12/01/46 | 12/26 at 100.00 | BBB- | $139,866 | ||
740 | 5.000%, 12/01/51 | 12/26 at 100.00 | BBB- | 825,744 | ||
10,000 | Arlington, Texas, Special Tax Revenue Bonds, Subordinate Lien Series 2018C, 5.000%, 2/15/48 – BAM Insured | 2/23 at 100.00 | AA | 10,834,700 | ||
Austin, Texas, Airport System Revenue Bonds, Series 2019B: | ||||||
6,000 | 5.000%, 11/15/44 (AMT) | 11/29 at 100.00 | A1 | 7,340,400 | ||
10,960 | 5.000%, 11/15/48 (AMT) | 11/29 at 100.00 | A1 | 13,348,842 | ||
Bexar County Hospital District, Texas, Certificates of Obligation, Refunding Limited Tax Series 2019: | ||||||
1,195 | 5.000%, 2/15/34 | 2/28 at 100.00 | Aa1 | 1,482,027 | ||
5,555 | 5.000%, 2/15/37 | 2/28 at 100.00 | Aa1 | 6,831,817 | ||
1,730 | 5.000%, 2/15/39 | 2/28 at 100.00 | Aa1 | 2,116,413 | ||
1,745 | Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2010, 5.750%, 1/01/25 (Pre-refunded 1/01/20) | 1/20 at 100.00 | A- (5) | 1,763,968 | ||
3,400 | Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011, 6.250%, 1/01/46 (Pre-refunded 1/01/21) | 1/21 at 100.00 | A- (5) | 3,603,966 | ||
5,410 | Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2018, 5.000%, 1/01/48 | 1/28 at 100.00 | A- | 6,337,653 | ||
1,970 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Tejano Center for Community Concerns, Inc-Raul Yzaguirre School for Success, Refunding Series 2009A, 8.750%, 2/15/28 | 10/19 at 100.00 | B | 1,974,629 | ||
2,745 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2012, 5.000%, 8/15/32 | 8/22 at 100.00 | BBB+ | 2,946,867 | ||
1,250 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2013, 6.000%, 8/15/33 | 8/23 at 100.00 | BBB+ | 1,433,013 | ||
2,500 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2014A, 4.250%, 12/01/34 | 12/24 at 100.00 | BBB- | 2,643,850 | ||
9,700 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Uplift Education Charter School, Series 2015A, 5.000%, 12/01/50 | 6/25 at 100.00 | BBB- | 10,572,321 | ||
12,265 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Refunding Series 2016A, 5.000%, 12/01/46 (UB) (7) | 12/25 at 100.00 | AA+ | 14,386,109 | ||
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2011C: | ||||||
3,500 | 5.000%, 11/01/24 | 11/20 at 100.00 | A+ | 3,641,260 | ||
1,500 | 5.000%, 11/01/25 | 11/20 at 100.00 | A+ | 1,559,865 | ||
20 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012B, 5.000%, 11/01/35 | 11/20 at 100.00 | A+ | 20,756 | ||
5,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012E, 5.000%, 11/01/42 (AMT) | 11/21 at 100.00 | A+ | 5,293,800 | ||
1,720 | Fort Bend County Industrial Development Corporation, Texas, Revenue Bonds, NRG Energy Inc Project, Series 2012A RMKT, 4.750%, 5/01/38 | 11/22 at 100.00 | Baa3 | 1,819,141 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 1,075 | Gulf Coast Industrial Development Authority, Texas, Solid Waste Disposal Revenue Bonds, Citgo Petroleum Corporation Project, Series 1995, 4.875%, 5/01/25 (AMT) | 10/22 at 100.00 | BB | $1,098,876 | ||
8,585 | Harris County Cultural Education Facilities Finance Corporation, Texas, Revenue Refunding Bonds, Young Men's Christian Association of the Greater Houston Area, Series 2013A, 5.000%, 6/01/33 | 6/23 at 100.00 | Baa2 | 9,188,955 | ||
3,000 | Harrison County Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, Good Shepherd Health System, Refunding Series 2010, 5.250%, 7/01/28 (Pre-refunded 7/01/20) | 7/20 at 100.00 | N/R (5) | 3,086,160 | ||
1,270 | Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2011A, 5.000%, 7/01/25 (AMT) | 7/21 at 100.00 | A+ | 1,345,590 | ||
1,735 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines Inc Terminal Improvement Project, Refunding Series 2015B-1, 5.000%, 7/15/30 (AMT) | 7/25 at 100.00 | BB | 1,957,843 | ||
1,500 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines Inc Terminal Improvement Project, Refunding Series 2015C, 5.000%, 7/15/20 (AMT) | No Opt. Call | BB | 1,531,920 | ||
250 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (AMT) | 7/24 at 100.00 | BB | 280,288 | ||
8,755 | Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2017B, 5.000%, 11/15/37 | 11/27 at 100.00 | Aa2 | 10,729,252 | ||
1,955 | Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding Series 2011A, 5.250%, 9/01/28 | 9/21 at 100.00 | A | 2,090,501 | ||
335 | Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Facilities Department, Refunding Series 2014, 5.000%, 9/01/34 | 9/24 at 100.00 | A | 381,689 | ||
Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson Memorial Hospital Project, Series 2015: | ||||||
1,360 | 5.000%, 8/15/30 | 8/25 at 100.00 | A | 1,575,084 | ||
1,280 | 5.000%, 8/15/35 | 8/25 at 100.00 | A | 1,466,163 | ||
6,720 | Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company - Love Field Modernization Program Project, Series 2012, 5.000%, 11/01/28 (AMT) | 11/22 at 100.00 | A3 | 7,330,445 | ||
1,800 | Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2018, 5.000%, 5/15/48 | 5/28 at 100.00 | A+ | 2,175,588 | ||
7,000 | Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, Central Power & Light Company Project, Refunding Series 2001A, 2.600%, 11/01/29 | No Opt. Call | A- | 7,213,640 | ||
3,020 | Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT) | 10/21 at 105.00 | BB- | 3,281,049 | ||
4,590 | Mission Economic Development Corporation, Texas, Water Supply Revenue Bonds, Enviro Water Minerals Project, Green Bonds, Series 2015, 7.750%, 1/01/45, 144A (AMT) (8) | 1/26 at 102.00 | N/R | 4,131,000 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Legacy at Willow Bend Project, Series 2016: | ||||||
665 | 5.000%, 11/01/46 | 11/23 at 103.00 | BBB- | 713,565 | ||
805 | 5.000%, 11/01/51 | 11/23 at 103.00 | BBB- | 862,203 | ||
570 | New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Legacy Midtown Park Project, Series 2018, 5.500%, 7/01/54 | 7/24 at 103.00 | N/R | 603,453 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Methodist Retirement Communites Crestview Project, Series 2016: | ||||||
$ 1,100 | 5.000%, 11/15/36 | 11/24 at 102.00 | BB+ | $1,202,707 | ||
1,550 | 5.000%, 11/15/46 | 11/24 at 102.00 | BB+ | 1,669,582 | ||
755 | New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Wesleyan Homes, Inc Project, Series 2014, 5.500%, 1/01/43 | 1/25 at 100.00 | N/R | 818,480 | ||
9,680 | New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Westminster Project, Series 2016, 4.000%, 11/01/36 | 11/24 at 102.00 | BBB+ | 10,324,107 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Corpus Christi II, LLC-Texas A&M University-Corpus Christi Project, Series 2016A: | ||||||
30 | 5.000%, 4/01/31 | 4/26 at 100.00 | BB | 31,737 | ||
360 | 5.000%, 4/01/36 | 4/26 at 100.00 | BB | 376,229 | ||
65 | 5.000%, 4/01/48 | 4/26 at 100.00 | BB | 66,850 | ||
6,625 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation - College Station I LLC - Texas A&M University Project, Series 2014A, 4.100%, 4/01/34 – AGM Insured | 4/24 at 100.00 | AA | 7,140,756 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation - San Antonio 1, LLC - Texas A&M University - San Antonio Project,: | ||||||
1,275 | 5.000%, 4/01/31 | 4/26 at 100.00 | BBB- | 1,385,543 | ||
1,290 | 5.000%, 4/01/36 | 4/26 at 100.00 | BBB- | 1,383,306 | ||
2,445 | 5.000%, 4/01/48 | 4/26 at 100.00 | BBB- | 2,580,355 | ||
1,250 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Foundation - Stephenville II, LLC - Tarleton State University Project, Series 2014A, 5.000%, 4/01/34 | 4/24 at 100.00 | BBB- | 1,356,675 | ||
3,000 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, CHF-Collegiate Housing Galveston-Texas A&M University at Galveston Project, Series 2014A, 5.000%, 4/01/34 | 4/24 at 100.00 | Baa3 | 3,159,030 | ||
10,000 | New Hope Cultural Education Facilities Finance Corporation, Texas, Student Housing Revenue Bonds, NCCD - College Station Properties LLC - Texas A&M University Project, Series 2015A, 5.000%, 7/01/47 | 7/25 at 100.00 | B3 | 9,375,400 | ||
10,880 | North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C, 0.000%, 9/01/45 (Pre-refunded 9/01/31) (6) | 9/31 at 100.00 | N/R (5) | 14,846,304 | ||
2,000 | North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A, 5.500%, 9/01/41 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (5) | 2,157,460 | ||
7,915 | North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2019A, 5.000%, 1/01/38 | 1/29 at 100.00 | A+ | 9,817,212 | ||
4,410 | North Texas Tollway Authority, System Revenue Bonds, Refunding Second Tier, Series 2015A, 5.000%, 1/01/34 | 1/25 at 100.00 | A | 5,116,173 | ||
4,395 | Port of Houston Authority, Harris County, Texas, General Obligation Bonds, Refunding Series 2018A, 5.000%, 10/01/32 (AMT) | 10/28 at 100.00 | AAA | 5,492,256 | ||
2,695 | Port of Houston Authority, Harris County, Texas, General Obligation Bonds, Series 2010D-1, 5.000%, 10/01/30 | 10/20 at 100.00 | AAA | 2,793,206 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series 2014A: | ||||||
$ 655 | 5.000%, 2/01/29 | 2/24 at 100.00 | Ba1 | $705,599 | ||
1,805 | 5.000%, 2/01/34 | 2/24 at 100.00 | Ba1 | 1,917,885 | ||
385 | 5.125%, 2/01/39 | 2/24 at 100.00 | Ba1 | 407,904 | ||
645 | SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds, Series 2007, 5.500%, 8/01/27 | No Opt. Call | A | 797,594 | ||
San Antonio Independent School District, Bexar County, Texas, General Obligation Bonds, Refunding School Buidling Series 2019: | ||||||
8,000 | 4.000%, 8/15/40 | 8/28 at 100.00 | Aaa | 9,124,080 | ||
6,410 | 4.000%, 8/15/41 | 8/28 at 100.00 | Aaa | 7,293,618 | ||
3,660 | 4.000%, 8/15/44 | 8/28 at 100.00 | Aaa | 4,136,166 | ||
5,950 | Stephen F Austin State University, Texas, Revenue Bonds, Refunding & Improvement Series 2016, 5.000%, 10/15/42 | 10/28 at 100.00 | AA- | 7,253,407 | ||
3,435 | Tarrant County Cultural Education Facilities Finance Corporation Revenue Bonds, Texas, Christus Health, Refunding Series 2018B, 5.000%, 7/01/35 | 1/29 at 100.00 | A+ | 4,223,092 | ||
Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Scott & White Healthcare Project, Series 2010: | ||||||
70 | 5.500%, 8/15/45 (Pre-refunded 8/15/20) | 8/20 at 100.00 | N/R (5) | 72,520 | ||
870 | 5.500%, 8/15/45 (Pre-refunded 8/15/20) | 8/20 at 100.00 | N/R (5) | 901,320 | ||
3,000 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Revenue Bonds, Texas Health Resources System, Series 2016A, 5.000%, 2/15/41 | 8/26 at 100.00 | AA | 3,545,460 | ||
3,670 | Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012, 5.000%, 12/15/27 | 12/22 at 100.00 | A3 | 4,024,338 | ||
845 | Texas Private Activity Bond Surface Transporation Corporation, Revenue Bonds, NTE Mobility Partners LLC North Tarrant Express Managed Lanes Project, Senior Lien Series 2009, 6.875%, 12/31/39 | 12/19 at 100.00 | Baa2 | 856,991 | ||
10,115 | Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016, 5.000%, 12/31/40 (AMT) | 12/25 at 100.00 | Baa3 | 11,384,635 | ||
7,300 | Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, NTE Mobility Partners Segments 3 LLC Segments 3A & 3B Facility, Series 2013, 6.750%, 6/30/43 (AMT) | 9/23 at 100.00 | Baa3 | 8,503,113 | ||
7,800 | Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010, 7.000%, 6/30/40 | 6/20 at 100.00 | Baa3 | 8,133,372 | ||
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, First Tier Refunding Series 2015B: | ||||||
16,500 | 0.000%, 8/15/36 | 8/24 at 59.60 | A | 8,424,240 | ||
7,000 | 0.000%, 8/15/37 | 8/24 at 56.94 | A | 3,406,200 | ||
10,000 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier Refunding Series 2015C, 5.000%, 8/15/42 | 8/24 at 100.00 | BBB+ | 11,203,800 | ||
14,670 | Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master Trust Series 2019A, 3.000%, 10/15/35 (WI/DD, Settling 10/10/19) | 10/29 at 100.00 | AAA | 15,462,913 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Travis County Health Facilities Development Corporation, Texas, Revenue Bonds, Westminster Manor, Series 2010: | ||||||
$ 600 | 7.000%, 11/01/30 (Pre-refunded 11/01/20) | 11/20 at 100.00 | N/R (5) | $635,700 | ||
80 | 7.000%, 11/01/30 | 11/20 at 100.00 | BBB+ | 82,238 | ||
1,030 | Viridian Municipal Management District, Texas, Reinvest Zone 6 Tax Increment Revenue Bonds, Refunding Road Improvement Series 2015, 6.000%, 12/01/32 – BAM Insured | 12/24 at 100.00 | AA | 1,252,315 | ||
1,135 | Viridian Municipal Management District, Texas, Reinvest Zone 6 Tax Increment Revenue Bonds, Refunding Utility Improvement Series 2015, 6.000%, 12/01/31 – BAM Insured | 12/24 at 100.00 | AA | 1,381,863 | ||
332,650 | Total Texas | 358,184,002 | ||||
Utah – 1.3% | ||||||
20,000 | Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2017A, 5.000%, 7/01/42 (AMT) | 7/27 at 100.00 | A+ | 23,648,200 | ||
Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A: | ||||||
8,180 | 5.000%, 7/01/43 (AMT) | 7/28 at 100.00 | A+ | 9,815,100 | ||
12,610 | 5.250%, 7/01/48 (AMT) | 7/28 at 100.00 | A+ | 15,355,071 | ||
1,135 | Utah Charter School Finance Authority, Charter School Revenue Bonds, Paradigm High School, Series 2010A, 6.375%, 7/15/40 | 7/20 at 100.00 | BB | 1,156,372 | ||
7,000 | Utah County, Utah, Hospital Revenue Bonds, IHC Health Services Inc, Series 2018A, 5.000%, 5/15/41 | 5/26 at 100.00 | AA+ | 8,254,470 | ||
Utah State Charter School Finance Authority Charter School Revenue Bonds, Vista at Entrada School of Performing Arts and Technology) Series 2012: | ||||||
365 | 5.600%, 7/15/22 | No Opt. Call | BBB- | 381,797 | ||
850 | 6.300%, 7/15/32 | 7/22 at 100.00 | BBB- | 913,291 | ||
1,000 | Utah State Charter School Finance Authority, Charter School Revenue Bonds, Navigator Pointe Academy Project, Series 2010A, 5.625%, 7/15/40 | 7/20 at 100.00 | BBB | 1,012,840 | ||
1,250 | Utah State Charter School Finance Authority, Charter School Revenue Bonds, North Davis Preparatory Academy, Series 2010, 6.250%, 7/15/30 | 7/20 at 100.00 | BBB- | 1,283,888 | ||
Utah State Charter School Finance Authority, Revenue Bonds, George Washington Academy Project, Series 2011A: | ||||||
1,860 | 7.750%, 7/15/31 | 7/21 at 100.00 | N/R | 2,056,063 | ||
3,520 | 8.000%, 7/15/41 (Pre-refunded 7/15/21) | 7/21 at 100.00 | N/R (5) | 3,920,963 | ||
57,770 | Total Utah | 67,798,055 | ||||
Vermont – 0.1% | ||||||
Vermont Educational and Health Buildings Financing Agency, Revenue Bonds, Vermont Law School Project, Series 2011A: | ||||||
1,815 | 6.125%, 1/01/28 (Pre-refunded 1/01/21) | 1/21 at 100.00 | N/R (5) | 1,919,925 | ||
1,000 | 6.250%, 1/01/33 (Pre-refunded 1/01/21) | 1/21 at 100.00 | N/R (5) | 1,059,350 | ||
2,815 | Total Vermont | 2,979,275 | ||||
Virginia – 1.8% | ||||||
10,000 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding Second Senior Lien Series 2014A, 5.000%, 10/01/53 | 4/22 at 100.00 | BBB+ | 10,718,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 3,745 | Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital improvement Projects, Second Senior Lien Series 2009B, 0.000%, 10/01/31 – AGC Insured | No Opt. Call | AA | $2,693,704 | ||
1,020 | Peninsula Town Center Community Development Authority, Virginia, Special Obligation Bonds, Refunding Series 2018, 5.000%, 9/01/37, 144A | 9/27 at 100.00 | N/R | 1,147,367 | ||
10,070 | Tobacco Settlement Financing Corporation of Virginia, Tobacco Settlement Asset Backed Bonds, Series 2007B1, 5.000%, 6/01/47 | 10/19 at 100.00 | B- | 10,102,023 | ||
1,000 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Green Series 2015B, 5.000%, 7/01/45, 144A | 7/25 at 100.00 | BB+ | 1,072,580 | ||
5,000 | Virginia Port Authority, General Fund Revenue Bonds, Series 2015, 5.000%, 7/01/40 (AMT) | 7/25 at 100.00 | AA+ | 5,816,300 | ||
2,000 | Virginia Port Authority, Port Facilities Revenue Bonds, Refunding Series 2016B, 5.000%, 7/01/41 (AMT) | 7/26 at 100.00 | A1 | 2,336,880 | ||
Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017: | ||||||
3,400 | 5.000%, 12/31/47 (AMT) | 6/27 at 100.00 | BBB | 3,935,330 | ||
15,715 | 5.000%, 12/31/49 (AMT) | 6/27 at 100.00 | BBB | 18,106,037 | ||
2,110 | 5.000%, 12/31/52 (AMT) | 6/27 at 100.00 | BBB | 2,426,331 | ||
13,250 | 5.000%, 12/31/56 (AMT) | 6/27 at 100.00 | BBB | 15,186,885 | ||
5,500 | Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2012, 5.000%, 1/01/40 (AMT) | 1/22 at 100.00 | BBB | 5,864,430 | ||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012: | ||||||
3,515 | 5.250%, 1/01/32 (AMT) | 7/22 at 100.00 | BBB | 3,841,508 | ||
6,515 | 5.500%, 1/01/42 (AMT) | 7/22 at 100.00 | BBB | 7,093,988 | ||
82,840 | Total Virginia | 90,341,363 | ||||
Washington – 2.8% | ||||||
6,220 | Clark County Public Utility District 1, Washington, Electric System Revenue Bonds, Refunding Series 2011, 5.250%, 1/01/31 (Pre-refunded 1/01/21) | 1/21 at 100.00 | Aa3 (5) | 6,525,215 | ||
2,450 | King County Public Hospital District 4, Washington, General Obligation Bonds, Snoqualmie Valley Hospital, Refunding Improvement Series 2011, 7.000%, 12/01/40 | 12/21 at 100.00 | N/R | 2,553,023 | ||
400 | Ocean Shores, Washington, Local Improvement District 2007-01 Bonds, 2011, 7.250%, 2/01/31 | No Opt. Call | BBB+ | 495,600 | ||
5,385 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2018A, 5.000%, 5/01/30 (AMT) | 5/27 at 100.00 | AA- | 6,561,999 | ||
14,870 | Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019, 5.000%, 4/01/44 (AMT) | 4/29 at 100.00 | AA- | 17,828,833 | ||
Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, Refunding & Improvement Series 2016: | ||||||
3,825 | 5.000%, 12/01/30 | 12/26 at 100.00 | Baa2 | 4,462,895 | ||
1,950 | 5.000%, 12/01/31 | 12/26 at 100.00 | Baa2 | 2,261,922 | ||
4,000 | 5.000%, 12/01/32 | 12/26 at 100.00 | Baa2 | 4,619,560 | ||
1,120 | 5.000%, 12/01/37 | 12/26 at 100.00 | Baa2 | 1,273,384 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
$ 2,000 | Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2011A, 5.625%, 1/01/35 | 1/21 at 100.00 | A+ | $2,080,100 | ||
3,535 | Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center, Series 2010, 5.250%, 12/01/30 (Pre-refunded 12/01/20) | 12/20 at 100.00 | N/R (5) | 3,696,974 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Kadlec Regional Medical Center, Series 2012: | ||||||
2,775 | 5.000%, 12/01/27 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (5) | 2,992,088 | ||
2,435 | 5.000%, 12/01/42 (Pre-refunded 12/01/21) | 12/21 at 100.00 | N/R (5) | 2,625,490 | ||
1,600 | Washington Health Care Facilities Authority, Revenue Bonds, PeaceHealth, Refunding Series 2014A, 5.000%, 11/15/28 | 5/24 at 100.00 | AA- | 1,844,432 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2017: | ||||||
5,180 | 5.000%, 8/15/34 | 8/27 at 100.00 | BBB | 6,025,324 | ||
4,175 | 5.000%, 8/15/35 | 8/27 at 100.00 | BBB | 4,843,960 | ||
2,500 | 5.000%, 8/15/36 | 8/27 at 100.00 | BBB | 2,893,850 | ||
5,000 | 4.000%, 8/15/42 | 8/27 at 100.00 | BBB | 5,252,250 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Yakima Valley Memorial Hospital Association, Series 2016: | ||||||
6,000 | 5.000%, 12/01/41 | 12/26 at 100.00 | Ba1 | 6,681,360 | ||
5,930 | 5.000%, 12/01/46 | 12/26 at 100.00 | Ba1 | 6,571,033 | ||
4,320 | Washington State Convention Center Public Facilities District, Lodging Tax Revenue Bonds, Series 2018, 5.000%, 7/01/43 | 7/28 at 100.00 | A1 | 5,228,928 | ||
845 | Washington State Health Care Facilities Authority, Revenue Bonds, Central Washington Health Services Association, Series 2009, 6.250%, 7/01/24 | 10/19 at 100.00 | Baa1 | 846,428 | ||
Washington State Housing Finance Commission, Nonprofit Refunding Revenue Bonds, Wesley Homes at Lea Hill Project, Series 2016: | ||||||
1,155 | 5.000%, 7/01/41, 144A | 7/26 at 100.00 | N/R | 1,241,729 | ||
2,000 | 5.000%, 7/01/46, 144A | 7/26 at 100.00 | N/R | 2,137,860 | ||
3,805 | 5.000%, 7/01/51, 144A | 7/26 at 100.00 | N/R | 4,055,635 | ||
1,100 | Washington State Housing Finance Commission, Non-Profit Revenue Bonds, Emerald Heights Project, Refunding 2013, 5.000%, 7/01/28 | 7/23 at 100.00 | A- | 1,218,745 | ||
2,340 | Washington State Housing Finance Commission, Revenue Bonds, Riverview Retirement Community, Refunding Series 2012, 5.000%, 1/01/48 | 1/23 at 100.00 | BBB- | 2,462,897 | ||
Washington State, General Obligation Bonds, Various Purpose Series 2015B: | ||||||
8,520 | 5.000%, 2/01/36 | 2/25 at 100.00 | Aaa | 9,927,930 | ||
20,415 | 5.000%, 2/01/38 | 2/25 at 100.00 | Aaa | 23,691,608 | ||
125,850 | Total Washington | 142,901,052 | ||||
West Virginia – 0.4% | ||||||
15,500 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Cabell Huntington Hospital, Inc Project, Refunding & Improvement Series 2018A, 5.000%, 1/01/43 | 1/29 at 100.00 | BBB+ | 18,307,980 | ||
1,000 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Thomas Health System, Inc, Series 2008, 6.500%, 10/01/28 (8) | 12/19 at 100.00 | N/R | 630,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
West Virginia (continued) | ||||||
$ 1,585 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, West Virginia United Health System Obligated Group, Refunding & Improvement Series 2013A, 4.000%, 6/01/41 | 6/26 at 100.00 | A | $ 1,722,118 | ||
18,085 | Total West Virginia | 20,660,098 | ||||
Wisconsin – 2.8% | ||||||
1,250 | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Cornerstone Charter Academy, North Carolina, Series 2016A, 5.000%, 2/01/36, 144A | 2/26 at 100.00 | N/R | 1,307,838 | ||
2,155 | Public Finance Authority of Wisconsin, Charter School Revenue Bonds, North Carolina Charter Educational Foundation Project, Series 2016A, 5.000%, 6/15/46, 144A | 6/26 at 100.00 | N/R | 2,116,469 | ||
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Voyager Foundation Inc of North Carolina, Series 2012A: | ||||||
150 | 5.500%, 10/01/22 | No Opt. Call | Baa3 | 157,022 | ||
375 | 6.000%, 10/01/32 | 10/22 at 100.00 | Baa3 | 411,765 | ||
Public Finance Authority of Wisconsin, Charter School Revenue Bonds, Voyager Foundation, Inc of North Carolina Project, Series 2014A: | ||||||
1,080 | 5.000%, 10/01/34 | 10/22 at 100.00 | Baa3 | 1,147,511 | ||
500 | 5.125%, 10/01/45 | 10/22 at 100.00 | Baa3 | 528,290 | ||
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds, Lombard Public Facilities Corporation, First Tier Series 2018A-1: | ||||||
11 | 0.000%, 1/01/47, 144A | No Opt. Call | N/R | 386 | ||
10 | 0.000%, 1/01/48, 144A | No Opt. Call | N/R | 335 | ||
9 | 0.000%, 1/01/49, 144A | No Opt. Call | N/R | 327 | ||
9 | 0.000%, 1/01/50, 144A | No Opt. Call | N/R | 315 | ||
9 | 0.000%, 1/01/51, 144A | No Opt. Call | N/R | 307 | ||
12 | 0.000%, 1/01/52, 144A | No Opt. Call | N/R | 397 | ||
11 | 0.000%, 1/01/53, 144A | No Opt. Call | N/R | 390 | ||
11 | 0.000%, 1/01/54, 144A | No Opt. Call | N/R | 375 | ||
11 | 0.000%, 1/01/55, 144A | No Opt. Call | N/R | 365 | ||
11 | 0.000%, 1/01/56, 144A | No Opt. Call | N/R | 356 | ||
528 | 5.500%, 7/01/56, 144A | 3/28 at 100.00 | N/R | 514,026 | ||
12 | 0.000%, 1/01/57, 144A | No Opt. Call | N/R | 392 | ||
11 | 0.000%, 1/01/58, 144A | No Opt. Call | N/R | 380 | ||
11 | 0.000%, 1/01/59, 144A | No Opt. Call | N/R | 368 | ||
11 | 0.000%, 1/01/60, 144A | No Opt. Call | N/R | 359 | ||
11 | 0.000%, 1/01/61, 144A | No Opt. Call | N/R | 353 | ||
10 | 0.000%, 1/01/62, 144A | No Opt. Call | N/R | 342 | ||
10 | 0.000%, 1/01/63, 144A | No Opt. Call | N/R | 333 | ||
10 | 0.000%, 1/01/64, 144A | No Opt. Call | N/R | 324 | ||
10 | 0.000%, 1/01/65, 144A | No Opt. Call | N/R | 318 | ||
11 | 0.000%, 1/01/66, 144A | No Opt. Call | N/R | 342 | ||
128 | 0.000%, 1/01/67, 144A | No Opt. Call | N/R | 4,102 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
Public Finance Authority of Wisconsin, Conference Center and Hotel Revenue Bonds, Lombard Public Facilities Corporation, Second Tier Series 2018B: | ||||||
$ 27 | 0.000%, 1/01/46, 144A | No Opt. Call | N/R | $956 | ||
27 | 0.000%, 1/01/47, 144A | No Opt. Call | N/R | 935 | ||
26 | 0.000%, 1/01/48, 144A | No Opt. Call | N/R | 922 | ||
26 | 0.000%, 1/01/49, 144A | No Opt. Call | N/R | 909 | ||
26 | 0.000%, 1/01/50, 144A | No Opt. Call | N/R | 890 | ||
28 | 0.000%, 1/01/51, 144A | No Opt. Call | N/R | 969 | ||
736 | 3.750%, 7/01/51, 144A | 3/28 at 100.00 | N/R | 662,780 | ||
28 | 0.000%, 1/01/52, 144A | No Opt. Call | N/R | 957 | ||
28 | 0.000%, 1/01/53, 144A | No Opt. Call | N/R | 939 | ||
28 | 0.000%, 1/01/54, 144A | No Opt. Call | N/R | 927 | ||
27 | 0.000%, 1/01/55, 144A | No Opt. Call | N/R | 910 | ||
27 | 0.000%, 1/01/56, 144A | No Opt. Call | N/R | 893 | ||
27 | 0.000%, 1/01/57, 144A | No Opt. Call | N/R | 882 | ||
26 | 0.000%, 1/01/58, 144A | No Opt. Call | N/R | 866 | ||
26 | 0.000%, 1/01/59, 144A | No Opt. Call | N/R | 856 | ||
26 | 0.000%, 1/01/60, 144A | No Opt. Call | N/R | 846 | ||
25 | 0.000%, 1/01/61, 144A | No Opt. Call | N/R | 830 | ||
25 | 0.000%, 1/01/62, 144A | No Opt. Call | N/R | 821 | ||
25 | 0.000%, 1/01/63, 144A | No Opt. Call | N/R | 806 | ||
25 | 0.000%, 1/01/64, 144A | No Opt. Call | N/R | 797 | ||
24 | 0.000%, 1/01/65, 144A | No Opt. Call | N/R | 788 | ||
24 | 0.000%, 1/01/66, 144A | No Opt. Call | N/R | 773 | ||
314 | 0.000%, 1/01/67, 144A | No Opt. Call | N/R | 10,034 | ||
Public Finance Authority of Wisconsin, Educational Facility Revenue Bonds, Cottonwood Classical Preparatory School in Albuquerque, New Mexico, Series 2012A: | ||||||
1,610 | 6.000%, 12/01/32 | 12/22 at 100.00 | N/R | 1,682,289 | ||
5,000 | 6.250%, 12/01/42 | 12/22 at 100.00 | N/R | 5,204,100 | ||
1,940 | Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Refunding Series 2014, 5.250%, 4/01/30 (AMT) | 11/24 at 100.00 | N/R | 2,146,144 | ||
3,845 | Public Finance Authority of Wisconsin, Exempt Facilities Revenue Bonds, National Gypsum Company Project, Refunding Series 2016, 4.000%, 8/01/35 (AMT) | 8/26 at 100.00 | N/R | 4,005,875 | ||
8,000 | Public Finance Authority of Wisconsin, Hospital Revenue Bonds, WakeMed, Series 2019A, 4.000%, 10/01/49 | 4/29 at 100.00 | A+ | 8,693,840 | ||
14,000 | Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017, 6.750%, 12/01/42, 144A | 12/27 at 100.00 | N/R | 16,615,200 | ||
2,735 | Public Finance Authority of Wisconsin, Revenue Bonds, Alabama Gulf Coast Zoo, Series 2018A, 6.500%, 9/01/48 | 9/28 at 100.00 | N/R | 2,858,868 | ||
1,575 | Public Finance Authority of Wisconsin, Revenue Bonds, Carolina International School, Series 2013A, 7.000%, 8/01/43, 144A | 8/23 at 100.00 | BB+ | 1,787,846 | ||
1,140 | Public Finance Authority of Wisconsin, Revenue Bonds, Denver international Airport Great Hall Project, Series 2017, 5.000%, 9/30/49 (AMT) | 9/27 at 100.00 | BBB | 1,175,101 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
$ 5,000 | Public Finance Authority, Wisconsin, Exempt Facilities Revenue Bonds, Celanese Project, Refunding Series 2016C, 4.300%, 11/01/30 (AMT) | 5/26 at 100.00 | BBB | $5,330,050 | ||
2,550 | Superior, Wisconsin, Limited Obligation Revenue Refunding Bonds, Midwest Energy Resources Company, Series 1991E, 6.900%, 8/01/21 – FGIC Insured | No Opt. Call | Aa3 | 2,794,723 | ||
1,455 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc, Series 2010A, 5.250%, 4/15/24 (Pre-refunded 4/15/20) | 4/20 at 100.00 | AA (5) | 1,485,439 | ||
1,225 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit College, Series 2010A, 6.125%, 6/01/39 (Pre-refunded 6/01/20) | 6/20 at 100.00 | N/R (5) | 1,263,673 | ||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B: | ||||||
35 | 4.500%, 2/15/40 | 2/22 at 100.00 | A- | 36,192 | ||
1,000 | 5.000%, 2/15/40 | 2/22 at 100.00 | A- | 1,055,510 | ||
18,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Mercy Alliance, Inc, Series 2012, 5.000%, 6/01/32 | 6/22 at 100.00 | A3 | 19,253,340 | ||
7,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care, Inc, Refunding 2012C, 5.000%, 8/15/32 (Pre-refunded 8/15/22) | 8/22 at 100.00 | N/R (5) | 7,722,890 | ||
13,950 | Wisconsin Health and Educational Facilities Authority, Revenus Bonds, Gundersen Lutheran, Series 2011A, 5.250%, 10/15/39 | 10/21 at 100.00 | AA- | 14,787,418 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson Hollow Project Series 2014: | ||||||
1,880 | 5.250%, 10/01/39 | 10/22 at 102.00 | N/R | 2,016,770 | ||
1,000 | 5.375%, 10/01/44 | 10/22 at 102.00 | N/R | 1,076,290 | ||
3,500 | 5.500%, 10/01/49 | 10/22 at 102.00 | N/R | 3,779,405 | ||
2,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Froedtert Health, Inc Obligated Group, Series 2017A, 4.000%, 4/01/39 | 4/27 at 100.00 | AA | 2,200,780 | ||
5,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Marshfield Clinic, Series 2016A, 5.000%, 2/15/46 | 2/26 at 100.00 | A- | 5,647,050 | ||
435 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ProHealth Care, Inc Obligated Group, Refunding Series 2015, 5.000%, 8/15/39 | 8/24 at 100.00 | A+ | 484,903 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Rogers Memorial Hospital, Inc, Series 2014A: | ||||||
2,980 | 5.000%, 7/01/34 | 7/24 at 100.00 | A | 3,375,655 | ||
2,100 | 4.350%, 7/01/36 | 7/21 at 100.00 | A | 2,143,701 | ||
3,450 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Three Pillars Senior Living Communities, Refunding Series 2013, 5.000%, 8/15/43 | 8/23 at 100.00 | A | 3,758,154 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Woodland Hills Senior Housing Project, Series 2014: | ||||||
5,000 | 5.000%, 12/01/34 | 12/22 at 102.00 | N/R | 5,385,750 | ||
4,435 | 5.000%, 12/01/44 | 12/22 at 102.00 | N/R | 4,725,670 | ||
4,225 | 5.250%, 12/01/49 | 12/22 at 102.00 | N/R | 4,533,340 | ||
134,043 | Total Wisconsin | 143,911,339 | ||||
Wyoming – 0.2% | ||||||
4,500 | Natrona County, Wyoming, Hospital Revenue Bonds, Wyoming Medical Center Project, Series 2011, 6.350%, 9/15/31 (Pre-refunded 3/15/21) | 3/21 at 100.00 | A3 (5) | 4,823,910 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wyoming (continued) | ||||||
Teton County Hospital District, Wyoming, Hospital Revenue Bonds, St John's Medical Center Project, Series 2011B: | ||||||
$ 800 | 5.500%, 12/01/27 | 12/21 at 100.00 | A- | $855,336 | ||
2,500 | 6.000%, 12/01/36 | 12/21 at 100.00 | A- | 2,701,700 | ||
3,650 | West Park Hospital District, Wyoming, Hospital Revenue Bonds, Series 2011A, 7.000%, 6/01/40 | 6/21 at 100.00 | BBB | 3,896,266 | ||
11,450 | Total Wyoming | 12,277,212 | ||||
$ 4,600,066 | Total Municipal Bonds (cost $4,735,059,861) | 5,098,750,743 |
Principal Amount (000) | Description (1) | Coupon | Maturity | Ratings (3) | Value | |
CORPORATE BONDS – 0.0% | ||||||
Commercial Services & Supplies – 0.0% | ||||||
$ 785 | EWM P1 LLC (cash 13.750%, PIK 1.250%) (8), (9) | 15.000% | 9/01/28 | N/R | $467,529 | |
401 | EWM P1 LLC (8), (9) | 15.000% | 9/01/28 | N/R | 198,429 | |
$ 1,186 | Total Corporate Bonds (cost $1,186,169) | 665,958 | ||||
Total Long-Term Investments (cost $4,736,246,030) | 5,099,416,701 | |||||
Floating Rate Obligations – (1.3)% | (63,845,000) | |||||
Other Assets Less Liabilities – 1.4% (10) | 70,468,999 | |||||
Net Assets – 100% | $ 5,106,040,700 |
Futures Contracts | |||||||
Description | Contract
Position |
Number
of Contracts |
Expiration
Date |
Notional
Amount |
Value | Unrealized
Appreciation (Depreciation) |
Variation
Margin Receivable/ (Payable) |
U.S. Treasury 10-Year Note | Short | (243) | 12/19 | $(32,050,072) | $(31,665,938) | $384,134 | $18,984 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(6) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(7) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(8) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(9) | Investment valued at fair value using methods determined in good faith by, or at the discretion of, the Board. For fair value measurement disclosure purposes, investment classified as Level 3. See Notes to Financial Statements, Note 3 - Investment Valuation and Fair Value Measurements for more information. | |
(10) | Other assets less liabilities includes the unrealized appreciation (depreciation) of certain over-the-counter ("OTC") derivatives as presented on the Statement of Assets and Liabilities, when applicable. The unrealized appreciation (depreciation) of OTC cleared and exchange-traded derivatives is recognized as part of the cash collateral at brokers and/or the receivable or payable for variation margin as presented on the Statement of Assets and Liabilities, when applicable. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
ETM | Escrowed to maturity | |
IF | Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust. | |
PIK | Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period. | |
SIFMA | Securities Industry and Financial Market Association | |
UB | Underlying bond of an inverse floating rate trust reflected as a financing transaction. See Notes to Financial Statements, Note 4 – Portfolio Securities and Investments in Derivatives. Inverse Floating Rate Securities for more information. | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TEM INVESTMENTS – 96.4% | ||||||
MUNICIPAL BONDS – 96.4% | ||||||
National – 1.1% | ||||||
$ 20,000 | Federal Home Loan Mortgage Corporation, Multifamily Certificates Relating to Municpal Securities Class A Series 2019M-053, 2.550%, 6/15/35 | No Opt. Call | AA+ | $20,489,800 | ||
18,995 | Federal Home Loan Mortgage Corporation, Notes, 3.150%, 1/15/36 | 10/31 at 100.00 | AA+ | 20,534,165 | ||
5,518 | Freddie Mac Multifamily ML Certificates, Series ML 05, Series 2019A, 3.400%, 1/25/36 | No Opt. Call | AA+ | 6,123,476 | ||
Revenue Bond Certificate Series Trust: | ||||||
13,839 | 2.500%, 2/01/42, 144A | No Opt. Call | AA+ | 14,218,272 | ||
26,239 | 2.500%, 3/01/46, 144A | No Opt. Call | AA+ | 26,732,629 | ||
84,591 | Total National | 88,098,342 | ||||
Alabama – 1.8% | ||||||
7,630 | Alabama State Port Authority, Docks Facilities Revenue Bonds, Refunding Series 2017A, 5.000%, 10/01/31 – AGM Insured (AMT) | 10/27 at 100.00 | AA | 9,148,294 | ||
6,665 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 3 Series 2018A, 4.000%, 12/01/48 (Mandatory Put 12/01/23) | No Opt. Call | A | 7,190,269 | ||
5,000 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 4 Series 2019A-1, 4.000%, 12/01/49 (Mandatory Put 12/01/25) | No Opt. Call | A | 5,584,450 | ||
22,395 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2016, 4.000%, 7/01/46 (Mandatory Put 6/01/21) | No Opt. Call | Aa2 | 23,263,702 | ||
38,500 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2017A, 4.000%, 8/01/47 (Mandatory Put 7/01/22) | No Opt. Call | Aa2 | 40,863,130 | ||
2,440 | Mobile Spring Hill College Educational Building Authority, Alabama, Revenue Bonds, Spring Hill College Project, Series 2015, 5.000%, 4/15/27 | 4/25 at 100.00 | N/R | 2,573,590 | ||
Montgomery Medical Clinic Board, Alabama, Health Care Facility Revenue Bonds, Jackson Hospital & Clinic, Series 2015: | ||||||
2,080 | 5.000%, 3/01/23 | No Opt. Call | BBB- | 2,270,091 | ||
3,555 | 5.000%, 3/01/24 | No Opt. Call | BBB- | 3,960,839 | ||
2,235 | 5.000%, 3/01/25 | No Opt. Call | BBB- | 2,537,105 | ||
1,725 | 5.000%, 3/01/26 | No Opt. Call | BBB- | 1,994,186 | ||
12,295 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 1, Fixed Rate Series 2018A, 4.000%, 4/01/49 (Mandatory Put 4/01/24) | No Opt. Call | A | 13,311,673 | ||
16,025 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24) | 5/24 at 100.29 | A | 17,448,661 | ||
1,000 | The Improvement District of the City of Mobile - McGowin Park Project, Alabama, Sales Tax Revenue Bonds, Series 2016A, 5.000%, 8/01/25 | No Opt. Call | N/R | 1,041,890 | ||
13,955 | Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A | 5/29 at 100.00 | N/R | 15,612,435 | ||
135,500 | Total Alabama | 146,800,315 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Alaska – 0.4% | ||||||
$ 10,000 | Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2018B-II, 3.550%, 12/01/35 | 6/27 at 100.00 | AA+ | $10,717,700 | ||
5,275 | Alaska Industrial Development and Export Authority, Loan Anticipation Revenue Notes, YKHC Project, Series 2017, 3.500%, 12/01/20 | 12/19 at 100.00 | N/R | 5,286,763 | ||
3,000 | Alaska State, Sport Fishing Revenue Bonds, Refunding Series 2011, 5.000%, 4/01/21 | 4/20 at 100.00 | A1 | 3,053,790 | ||
6,025 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 5.000%, 6/01/32 | 10/19 at 100.00 | B3 | 6,034,640 | ||
12,065 | Valdez, Alaska, Marine Terminal Revenue Bonds, BP Pipelines Inc Project, Refunding Series 2003B, 5.000%, 1/01/21 | No Opt. Call | A1 | 12,587,656 | ||
36,365 | Total Alaska | 37,680,549 | ||||
Arizona – 2.6% | ||||||
2,405 | Apache County Industrial Development Authority, Arizona, Pollution Control Revenue Bonds, Tucson Electric Power Company, Series 20102A, 4.500%, 3/01/30 | 3/22 at 100.00 | A- | 2,537,179 | ||
Arizona Health Facilities Authority, Hospital System Revenue Bonds, Phoenix Children's Hospital, Refunding Series 2012A: | ||||||
1,235 | 5.000%, 2/01/20 | No Opt. Call | A1 | 1,249,326 | ||
6,475 | 5.000%, 2/01/27 | 2/22 at 100.00 | A1 | 6,999,540 | ||
3,280 | Arizona Industrial Development Authority, Arizona, Education Revenue Bonds, Legacy Traditional School Southwest Las Vegas Nevada Campus, Series 2018, 5.250%, 7/01/22, 144A | 10/19 at 101.00 | N/R | 3,293,350 | ||
Arizona Sports and Tourism Authority, Tax Revenue Bonds, Multipurpose Stadium Facility Project, Refunding Senior Series 2012A: | ||||||
10,270 | 5.000%, 7/01/25 | 7/22 at 100.00 | A1 | 11,077,838 | ||
16,235 | 5.000%, 7/01/26 | 7/22 at 100.00 | A1 | 17,466,912 | ||
16,760 | 5.000%, 7/01/27 | 7/22 at 100.00 | A1 | 17,990,016 | ||
Arizona State, Certificates of Participation, Refunding Series 2019A: | ||||||
5,570 | 5.000%, 10/01/26 | No Opt. Call | AA- | 6,903,959 | ||
16,880 | 5.000%, 10/01/27 | No Opt. Call | AA- | 21,356,745 | ||
12,500 | 5.000%, 10/01/28 | No Opt. Call | AA- | 16,129,750 | ||
Arizona State, State Lottery Revenue Bonds, Series 2010A: | ||||||
5,015 | 5.000%, 7/01/20 – AGM Insured | No Opt. Call | AA+ | 5,151,659 | ||
6,130 | 5.000%, 7/01/21 – AGM Insured | 1/20 at 100.00 | AA+ | 6,185,354 | ||
7,500 | 5.000%, 7/01/22 – AGM Insured | 1/20 at 100.00 | AA+ | 7,567,725 | ||
21,410 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2005, 2.400%, 12/01/35 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 22,089,125 | ||
2,440 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 2,529,865 | ||
16,300 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 18,712,563 | ||
2,000 | Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Refunding Series 2007, 5.000%, 5/15/26 | 5/22 at 100.00 | A | 2,173,220 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
$ 1,355 | Glendale Industrial Development Authority, Arizona, Revenue Bonds, Midwestern University, Refunding Series 2010, 5.000%, 5/15/21 | 5/20 at 100.00 | A+ | $1,384,959 | ||
1,000 | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A, 4.125%, 9/01/38 | 9/28 at 100.00 | A2 | 1,122,800 | ||
4,000 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019B, 1.470%, 1/01/35 (Mandatory Put 11/14/19) (SIFMA reference rate + 0.38% spread) (4) | 4/22 at 100.00 | AA- | 4,008,320 | ||
3,440 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019C, 1.660%, 1/01/35 (Mandatory Put 11/14/19) (SIFMA reference rate + 0.57% spread) (4) | 10/23 at 100.00 | AA- | 3,448,806 | ||
2,500 | Maricopa County Pollution Control Corporation, Arizona, Pollution Control Revenue Bonds, El Paso Electric Company, Refunding Series 2009A, 3.600%, 2/01/40 | 6/29 at 100.00 | BBB | 2,640,575 | ||
Northern Arizona University, System Revenue Bonds, Refunding Series 2014: | ||||||
385 | 5.000%, 6/01/22 | No Opt. Call | A+ | 421,009 | ||
500 | 5.000%, 6/01/23 | No Opt. Call | A+ | 562,935 | ||
Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Junior Lien Series 2010A: | ||||||
2,045 | 5.000%, 7/01/22 (Pre-refunded 7/01/20) | 7/20 at 100.00 | A+ (5) | 2,101,503 | ||
10,400 | 5.000%, 7/01/40 (Pre-refunded 7/01/20) | 7/20 at 100.00 | A+ (5) | 10,687,352 | ||
4,850 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools East Mesa and Cadence, Nevada Campuses, Series 2017A, 4.000%, 7/01/22, 144A | 10/19 at 101.00 | N/R | 4,853,104 | ||
3,480 | Phoenix Industrial Development Authority, Arizona, Education Facility Revenue Bonds, Legacy Traditional Schools Phoenix/East Mesa and Cadence, Nevada Campuses, Series 2017B, 4.000%, 7/01/22, 144A | 10/19 at 101.00 | N/R | 3,480,870 | ||
2,650 | Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power Company Project, Series 2013A, 4.000%, 9/01/29 | 3/23 at 100.00 | A- | 2,812,312 | ||
1,000 | Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power Company, Series 2010A, 5.250%, 10/01/40 | 10/20 at 100.00 | A- | 1,033,770 | ||
2,670 | Pima County, Arizona, Sewer Revenue Bonds, Series 2010, 5.000%, 7/01/24 – AGM Insured (Pre-refunded 7/01/20) | 7/20 at 100.00 | AA (5) | 2,742,758 | ||
645 | Regional Public Transportation Authority, Arizona, Transportation Excise Tax Revenue Bonds, Maricopa County Public Transportation Fund Series 2014, 5.250%, 7/01/23 | No Opt. Call | AA+ | 739,409 | ||
3,925 | Salt River Project Agricultural Improvement and Power District, Arizona, Electric System Revenue Bonds, Tender Option Bond Trust 2015-XF2192, 10.421%, 12/01/24, 144A (IF) (6) | 12/21 at 100.00 | AA+ | 4,864,684 | ||
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007: | ||||||
2,225 | 5.000%, 12/01/32 | No Opt. Call | A3 | 2,893,746 | ||
870 | 5.000%, 12/01/37 | No Opt. Call | A3 | 1,173,630 | ||
200,345 | Total Arizona | 220,386,668 | ||||
Arkansas – 0.7% | ||||||
14,355 | Arkansas Development Finance Authority, Industrial Development Revenue Bonds, Big River Steel Project, Series 2019, 4.500%, 9/01/49, 144A (AMT) | 9/26 at 103.00 | B | 15,448,564 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arkansas (continued) | ||||||
$ 1,000 | Arkansas State University, Student Fee Revenue Bonds, Jonesboro Campus, Series 2013, 5.000%, 12/01/33 | 12/23 at 100.00 | A1 | $1,136,190 | ||
Bentonville School District 006, Benton County, Arkansas, General Obligation Bonds, Refunding & Construction Series 2018B: | ||||||
5,255 | 3.000%, 6/01/29 | 6/26 at 100.00 | Aa2 | 5,592,371 | ||
4,170 | 3.500%, 6/01/38 | 6/26 at 100.00 | Aa2 | 4,404,354 | ||
Conway School District 1, Falkner County, Arkansas, General Obligation Bonds, Refunding Series 2019: | ||||||
235 | 2.000%, 2/01/30 | 2/25 at 100.00 | Aa2 | 231,416 | ||
1,515 | 2.125%, 2/01/31 | 2/25 at 100.00 | Aa2 | 1,484,654 | ||
4,540 | Independence County, Arkansas, Pollution Control Revenue Bonds, Arkansas Power and Light Company Project, Series 2013, 2.375%, 1/01/21 | No Opt. Call | A | 4,585,491 | ||
Little Rock, Arkansas, Hotel and Restaurant Gross Receipts Tax Bonds, Series 2014: | ||||||
500 | 5.000%, 7/01/22 | No Opt. Call | A+ | 547,340 | ||
800 | 5.000%, 7/01/23 | No Opt. Call | A+ | 901,960 | ||
1,610 | 5.000%, 7/01/26 | 7/24 at 100.00 | A+ | 1,860,822 | ||
1,485 | 5.000%, 7/01/28 | 7/24 at 100.00 | A+ | 1,712,324 | ||
1,935 | 5.000%, 7/01/29 | 7/24 at 100.00 | A+ | 2,235,389 | ||
1,000 | 5.000%, 7/01/30 | 7/24 at 100.00 | A+ | 1,153,720 | ||
4,585 | 5.000%, 7/01/34 | 7/24 at 100.00 | A+ | 5,260,875 | ||
Pulaski County Public Facilities Board, Arkansas, Healthcare Revenue Bonds, Baptist Health, Series 2014: | ||||||
2,125 | 5.000%, 12/01/25 | 12/24 at 100.00 | A | 2,455,650 | ||
1,780 | 5.000%, 12/01/27 | 12/24 at 100.00 | A | 2,040,005 | ||
560 | Rogers, Arkansas, Sales and Use Tax Bonds, Improvement Series 2018B, 3.875%, 11/01/39 | 11/26 at 100.00 | AA- | 605,147 | ||
University of Arkansas, Fayetteville, Various Facilities Revenue Bonds, Refunding & Improvement Series 2019A: | ||||||
1,700 | 5.000%, 11/01/33 | 5/29 at 100.00 | Aa2 | 2,176,442 | ||
1,200 | 5.000%, 11/01/34 | 5/29 at 100.00 | Aa2 | 1,530,012 | ||
1,240 | 5.000%, 11/01/35 | 5/29 at 100.00 | Aa2 | 1,576,313 | ||
51,590 | Total Arkansas | 56,939,039 | ||||
California – 4.5% | ||||||
1,565 | ABC Unified School District, Los Angeles County, California, General Obligation Bonds, Refunding Series 2003A, 4.900%, 2/01/20 – NPFG Insured | No Opt. Call | AA- | 1,584,641 | ||
2,185 | California Health Facilities Financing Authority, Revenue Bonds, Adventist Health System/West, Refunding Series 2016A, 3.000%, 3/01/39 | 3/26 at 100.00 | A+ | 2,219,523 | ||
515 | California Health Facilities Financing Authority, Revenue Bonds, Adventist Health System/West, Series 2009C, 5.125%, 3/01/20 | 10/19 at 100.00 | A+ | 516,597 | ||
California Health Facilities Financing Authority, Revenue Bonds, Children's Hospital Los Angeles, Series 2017A: | ||||||
1,200 | 5.000%, 8/15/35 | 8/27 at 100.00 | BBB+ | 1,446,000 | ||
1,845 | 5.000%, 8/15/36 | 8/27 at 100.00 | BBB+ | 2,218,041 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 2,316 | California Housing Finance Agency, Multifamily Housing Revenue Bonds, Series2019-1, 4.250%, 1/15/35 | No Opt. Call | BBB+ | $2,757,809 | ||
California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A: | ||||||
5,835 | 3.250%, 12/31/32 – AGM Insured (AMT) | 6/28 at 100.00 | AA | 6,159,368 | ||
4,000 | 5.000%, 12/31/33 (AMT) | 6/28 at 100.00 | BBB+ | 4,883,280 | ||
5,000 | 5.000%, 12/31/34 (AMT) | 6/28 at 100.00 | BBB+ | 6,081,350 | ||
15,000 | California Municipal Finance Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2004, 2.000%, 12/01/44 (Mandatory Put 12/01/20) (AMT) | No Opt. Call | A1 | 15,039,600 | ||
3,530 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2015B-2, 3.125%, 11/01/40 (Mandatory Put 11/03/25) (AMT) | No Opt. Call | A1 | 3,811,094 | ||
16,835 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2015A-1, 3.375%, 7/01/25 (AMT) | No Opt. Call | A- | 18,332,305 | ||
12,305 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management, Inc Project, Refunding Series 2015B-1, 3.000%, 11/01/25 (AMT) | No Opt. Call | A- | 13,198,466 | ||
1,400 | California State Public Works Board, Lease Revenue Bonds, California State University, Various University Projects, Series 2010B-1, 5.375%, 3/01/25 | 3/20 at 100.00 | Aa3 | 1,423,870 | ||
2,425 | California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2014A, 5.250%, 12/01/29 | 12/24 at 100.00 | BB | 2,783,488 | ||
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2016A: | ||||||
1,500 | 5.000%, 12/01/27, 144A | 6/26 at 100.00 | BB | 1,747,095 | ||
1,695 | 5.000%, 12/01/31, 144A | 6/26 at 100.00 | BB | 1,950,996 | ||
2,700 | 5.000%, 12/01/36, 144A | 6/26 at 100.00 | BB | 3,075,975 | ||
California Statewide Communities Development Authority, California, Revenue Bonds, Loma Linda University Medical Center, Series 2018A: | ||||||
2,530 | 5.000%, 12/01/33, 144A | 6/28 at 100.00 | BB | 2,977,785 | ||
2,000 | 5.250%, 12/01/38, 144A | 6/28 at 100.00 | BB | 2,375,940 | ||
915 | California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Refunding Series 2014B, 5.000%, 7/01/25 | 7/24 at 100.00 | A- | 1,060,211 | ||
575 | California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity Health System, Series 2005G, 5.500%, 7/01/22 | 10/19 at 100.00 | CC | 573,586 | ||
Culver City Redevelopment Agency, California, Tax Allocation Revenue Bonds, Redevelopment Project, Capital Appreciation Series 2011A: | ||||||
7,475 | 0.000%, 11/01/26 (Pre-refunded 11/01/21) | 11/21 at 66.91 | AA- (5) | 4,871,532 | ||
4,095 | 0.000%, 11/01/28 (Pre-refunded 11/01/21) | 11/21 at 56.33 | AA- (5) | 2,246,681 | ||
Delano, California, Certificates of Participation, Delano Regional Medical Center, Series 2012: | ||||||
2,725 | 5.000%, 1/01/22 | No Opt. Call | BBB | 2,854,683 | ||
2,860 | 5.000%, 1/01/23 | No Opt. Call | BBB | 3,051,706 | ||
1,635 | 5.000%, 1/01/24 | 1/23 at 100.00 | BBB | 1,747,128 | ||
1,325 | 5.000%, 1/01/25 | 1/23 at 100.00 | BBB | 1,418,412 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
El Dorado Union High School District, El Dorado County, California, General Obligation Bonds, Series 2020: | ||||||
$ 1,430 | 5.000%, 8/01/33 – AGM Insured (WI/DD, Settling 5/05/20) | 8/27 at 100.00 | AA | $1,672,199 | ||
2,200 | 5.000%, 8/01/34 – AGM Insured (WI/DD, Settling 5/05/20) | 8/27 at 100.00 | AA | 2,566,256 | ||
2,280 | 5.000%, 8/01/35 – AGM Insured (WI/DD, Settling 5/05/20) | 8/27 at 100.00 | AA | 2,654,855 | ||
29,475 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 3.500%, 6/01/36 | 6/22 at 100.00 | BBB | 30,019,403 | ||
1,300 | Grant Joint Union High School District, Sacramento County, California, General Obligation Bonds, Capital Appreciation Election 2006 Series 2008, 0.000%, 8/01/26 – AGM Insured | No Opt. Call | A1 | 1,147,744 | ||
Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area A & C, Series 2014C: | ||||||
1,000 | 5.000%, 9/01/30 | 9/24 at 100.00 | N/R | 1,129,220 | ||
1,015 | 5.000%, 9/01/32 | 9/24 at 100.00 | N/R | 1,139,114 | ||
465 | 5.000%, 9/01/34 | 9/24 at 100.00 | N/R | 520,488 | ||
4,280 | Lake Elsinore Redevelopment Agency, California, Special Tax Bonds, Community Facilities District 90-2, Series 2007A, 4.500%, 10/01/24 – AGM Insured | 10/19 at 100.00 | AA | 4,291,128 | ||
2,015 | Las Virgenes Unified School District, Los Angeles County, California, General Obligation Bonds, 2006 Election, Series 2009B, 0.000%, 8/01/27 | No Opt. Call | Aa1 | 1,755,992 | ||
Los Angeles Department of Airports, California, Revenue Bonds, Los Angeles International Airport, Subordinate Lien Series 2018D: | ||||||
13,425 | 5.000%, 5/15/25 (AMT) | No Opt. Call | AA- | 15,915,874 | ||
9,085 | 5.000%, 5/15/27 (AMT) | No Opt. Call | AA- | 11,237,327 | ||
Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2014B: | ||||||
1,045 | 5.000%, 7/01/25 | 1/24 at 100.00 | AA | 1,215,283 | ||
5,000 | 5.000%, 7/01/43 | 1/24 at 100.00 | AA | 5,684,850 | ||
1,030 | Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2016A, 4.000%, 7/01/34 | 7/25 at 100.00 | AAA | 1,152,580 | ||
Los Angeles, California, Special Tax Bonds, Community Facilities District 4, Playa Vista Phase I, Series 2014: | ||||||
1,075 | 5.000%, 9/01/24 | No Opt. Call | A+ | 1,263,620 | ||
1,250 | 5.000%, 9/01/25 | 9/24 at 100.00 | A+ | 1,466,062 | ||
1,000 | 5.000%, 9/01/26 | 9/24 at 100.00 | A+ | 1,167,150 | ||
400 | Menifee Union School District Public Financing Authority, California, Special Tax Revenue Bonds, Series 2016A, 5.000%, 9/01/29 – BAM Insured | 9/25 at 100.00 | AA | 477,192 | ||
5,095 | Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Election of 2008, Series 2013A, 0.000%, 8/01/28 (7) | 2/28 at 100.00 | Aa1 | 5,538,418 | ||
12,415 | M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009A, 6.125%, 11/01/29 | No Opt. Call | A | 15,889,834 | ||
10,155 | M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series 2009C, 6.125%, 11/01/29 | No Opt. Call | A | 13,003,376 | ||
545 | Northern Inyo County Local Hospital District, Inyo County, California, Revenue Bonds, Series 2010, 6.000%, 12/01/21 | 12/20 at 100.00 | BB- | 559,699 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 8,000 | Palomar Pomerado Health, California, General Obligation Bonds, Convertible Capital Appreciation, Election 2004 Series 2010A, 0.000%, 8/01/40 (7) | 8/30 at 100.00 | A2 | $10,682,160 | ||
Palomar Pomerado Health, California, General Obligation Bonds, Series 2009A: | ||||||
1,815 | 0.000%, 8/01/21 – AGC Insured | No Opt. Call | AA | 1,764,380 | ||
2,095 | 0.000%, 8/01/22 – AGC Insured | No Opt. Call | AA | 1,999,217 | ||
4,085 | 0.000%, 8/01/23 – AGC Insured | No Opt. Call | AA | 3,819,679 | ||
7,000 | Placentia-Yorba Linda Unified School District, Orange County, California, Certificates of Participation, Refunding Series 2011, 6.000%, 10/01/25 – AGM Insured | 10/21 at 100.00 | AA | 7,662,900 | ||
5,350 | Poway Unified School District, San Diego County, California, General Obligation Bonds, School Facilities Improvement District 2007-1, Series 2011A, 0.000%, 8/01/34 | No Opt. Call | AA- | 3,798,072 | ||
2,410 | Riverside County Redevelopment Agency Successor Agency, California, Tax Allocation Bonds, Refunding Series 2014A, 4.000%, 10/01/37 – AGM Insured | 10/24 at 100.00 | AA | 2,594,606 | ||
Riverside County Redevelopment Agency, California, Tax Allocation Bonds, Jurupa Valley Project Area, Series 2011B: | ||||||
2,115 | 0.000%, 10/01/34 | No Opt. Call | A | 1,412,376 | ||
2,000 | 0.000%, 10/01/36 | No Opt. Call | A | 1,248,160 | ||
5,000 | Sacramento County, California, Airport System Revenue Bonds, Senior Lien Series 2010, 5.000%, 7/01/40 | 7/20 at 100.00 | A+ | 5,127,150 | ||
14,350 | San Diego Association of Governments, California, Capital Grants Receipts Revenue Bonds, Mid-Coast Corridor Transit Project, Green Series 2019B, 1.800%, 11/15/27 | 11/26 at 100.00 | A- | 14,496,800 | ||
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
5,000 | 5.000%, 1/15/29 | 1/25 at 100.00 | A- | 5,831,350 | ||
26,000 | 5.000%, 1/15/34 | 1/25 at 100.00 | A- | 29,921,060 | ||
Santa Ana Financing Authority, California, Lease Revenue Bonds, Police Administration and Housing Facility, Series 1994A: | ||||||
2,255 | 6.250%, 7/01/24 (ETM) | No Opt. Call | Baa2 (5) | 2,575,909 | ||
3,690 | 6.250%, 7/01/24 | No Opt. Call | Baa2 | 4,179,220 | ||
Santa Paula Utility Authority, California, Water Enterprise Revenie Bonds, Refunding Series 2010: | ||||||
2,510 | 5.000%, 2/01/28 | 2/20 at 100.00 | A+ | 2,538,714 | ||
2,630 | 5.000%, 2/01/29 | 2/20 at 100.00 | A+ | 2,660,087 | ||
2,765 | 5.000%, 2/01/30 | 2/20 at 100.00 | A+ | 2,796,632 | ||
Tulare Local Health Care District, Tulare County, California, General Obligation Bonds, Series 2009B-1: | ||||||
1,180 | 6.000%, 8/01/22 | 10/19 at 100.00 | Ba3 | 1,183,918 | ||
1,410 | 6.125%, 8/01/23 | 10/19 at 100.00 | Ba3 | 1,414,850 | ||
1,585 | 6.250%, 8/01/24 | 10/19 at 100.00 | Ba3 | 1,590,611 | ||
1,265 | 6.375%, 8/01/25 | 10/19 at 100.00 | Ba3 | 1,269,605 | ||
500 | 6.500%, 8/01/26 | 10/19 at 100.00 | Ba3 | 501,850 | ||
University of California, General Revenue Bonds, Limited Project Series 2018O: | ||||||
4,595 | 5.000%, 5/15/32 | 5/28 at 100.00 | AA- | 5,876,545 | ||
3,635 | 5.000%, 5/15/33 | 5/28 at 100.00 | AA- | 4,630,554 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 2,030 | Victor Elementary School District, San Bernardino County, California, General Obligation Bonds, Series 2002A, 0.000%, 8/01/23 – FGIC Insured | No Opt. Call | Aa3 | $1,914,818 | ||
3,000 | Victor Valley Union High School District, San Bernardino County, California, General Obligation Bonds, Series 2009A, 5.750%, 8/01/31 – AGC Insured | 8/26 at 100.00 | AA | 3,640,980 | ||
Washington Township Health Care District, California, Revenue Bonds, Refunding Series 2015A: | ||||||
1,540 | 5.000%, 7/01/24 | No Opt. Call | Baa1 | 1,775,327 | ||
1,415 | 5.000%, 7/01/25 | No Opt. Call | Baa1 | 1,666,912 | ||
1,450 | 3.250%, 7/01/27 | 7/25 at 100.00 | Baa1 | 1,554,371 | ||
1,435 | 3.500%, 7/01/28 | 7/25 at 100.00 | Baa1 | 1,541,190 | ||
1,355 | 3.750%, 7/01/29 | 7/25 at 100.00 | Baa1 | 1,466,909 | ||
2,500 | West Contra Costa Unified School District, Contra Costa County, California, General Obligation Bonds, Series 2008B, 6.000%, 8/01/25 | No Opt. Call | AA- | 3,187,875 | ||
342,931 | Total California | 372,199,613 | ||||
Colorado – 3.4% | ||||||
Arapahoe County School District 6, Littleton, Colorado, General Obligation Bonds, Series 2019A: | ||||||
1,860 | 5.500%, 12/01/29 | 12/28 at 100.00 | Aa1 | 2,491,954 | ||
1,250 | 5.500%, 12/01/30 | 12/28 at 100.00 | Aa1 | 1,666,813 | ||
1,650 | 5.500%, 12/01/32 | 12/28 at 100.00 | Aa1 | 2,184,122 | ||
1,250 | 5.500%, 12/01/33 | 12/28 at 100.00 | Aa1 | 1,650,825 | ||
9,355 | Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017, 5.000%, 12/01/29, 144A | 12/22 at 103.00 | N/R | 10,120,145 | ||
10,000 | Colorado Bridge Enterprise, Revenue Bonds, Central 70 Project, Senior Series 2017, 4.000%, 6/30/51 (AMT) | 12/27 at 100.00 | A- | 10,580,000 | ||
Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Regis University Project, Refunding Series 2016: | ||||||
1,910 | 5.000%, 10/01/25 | No Opt. Call | Baa2 | 2,210,729 | ||
1,235 | 5.000%, 10/01/30 | 10/25 at 100.00 | Baa2 | 1,410,568 | ||
1,705 | 3.125%, 10/01/31 | 10/25 at 100.00 | Baa2 | 1,720,771 | ||
6,760 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, AdventHealth Obligated Group, Series 2019A, 5.000%, 11/15/37 | 11/29 at 100.00 | AA | 8,567,218 | ||
4,045 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2009B-1, 5.000%, 7/01/29 (Pre-refunded 11/09/22) | 11/22 at 100.00 | BBB+ (5) | 4,488,211 | ||
6,090 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2011A, 5.250%, 2/01/31 (Pre-refunded 2/01/21) | 2/21 at 100.00 | BBB+ (5) | 6,400,407 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1: | ||||||
2,500 | 5.000%, 8/01/27 | No Opt. Call | BBB+ | 3,048,200 | ||
6,105 | 5.000%, 8/01/28 | No Opt. Call | BBB+ | 7,554,205 | ||
4,000 | 5.000%, 8/01/29 | No Opt. Call | BBB+ | 5,019,040 | ||
5,890 | 5.000%, 8/01/30 | 8/29 at 100.00 | BBB+ | 7,371,865 | ||
1,775 | 5.000%, 8/01/31 | 8/29 at 100.00 | BBB+ | 2,207,550 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2: | ||||||
$ 4,500 | 5.000%, 8/01/27 | No Opt. Call | BBB+ | $5,486,760 | ||
7,000 | 5.000%, 8/01/28 | No Opt. Call | BBB+ | 8,661,660 | ||
1,900 | 5.000%, 8/01/29 | No Opt. Call | BBB+ | 2,384,044 | ||
1,955 | 5.000%, 8/01/30 | 8/29 at 100.00 | BBB+ | 2,446,858 | ||
5,000 | 5.000%, 8/01/31 | 8/29 at 100.00 | BBB+ | 6,218,450 | ||
12,475 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 14,506,179 | ||
10,935 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 12,982,360 | ||
350 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013, 5.500%, 6/01/33 (Pre-refunded 6/01/23) | 6/23 at 100.00 | BBB+ (5) | 402,017 | ||
13,445 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Parkview Medical Center, Series 2016, 3.125%, 9/01/42 | 9/26 at 100.00 | A3 | 13,575,551 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, Refunding Series 2019A: | ||||||
3,490 | 4.000%, 1/01/35 (WI/DD, Settling 10/03/19) | 1/30 at 100.00 | AA- | 4,018,351 | ||
5,800 | 4.000%, 1/01/36 (WI/DD, Settling 10/03/19) | 1/30 at 100.00 | AA- | 6,645,524 | ||
8,615 | 4.000%, 1/01/37 (WI/DD, Settling 10/03/19) | 1/30 at 100.00 | AA- | 9,804,387 | ||
605 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Total Longterm Care National Obligated Group Project, Series 2010A, 5.250%, 11/15/20 (ETM) | No Opt. Call | N/R (5) | 617,917 | ||
10,000 | Colorado Health Facilities Authority, Retirement Facilities Revenue Bonds, Liberty Heights, Series 1990B, 0.000%, 7/15/20 (ETM) | No Opt. Call | AA+ (5) | 9,890,200 | ||
2,500 | Colorado Housing and Finance Authority, Single Family Mortgage Bonds, Class I Series 2019E, 3.600%, 11/01/39 | 5/28 at 100.00 | AAA | 2,671,300 | ||
1,500 | Delta County Memorial Hospital District, Colorado, Enterprise Revenue Bonds, Refunding Series 2010, 5.500%, 9/01/25 | 3/20 at 100.00 | BB+ | 1,519,470 | ||
11,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/32 | 11/22 at 100.00 | AA- | 12,136,190 | ||
Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A: | ||||||
15,000 | 5.000%, 12/01/24 (AMT) | No Opt. Call | A+ | 17,449,050 | ||
25,610 | 5.000%, 12/01/27 (AMT) | No Opt. Call | A+ | 31,657,801 | ||
10,670 | Denver City and County, Colorado, Special Facilities Airport Revenue Bonds, United Airlines, Inc Project, Refunding Series 2017, 5.000%, 10/01/32 (AMT) | 10/23 at 100.00 | BB | 11,691,546 | ||
Denver Urban Renewal Authority, Colorado, Tax Increment Revenue Bonds, 9th and Colorado Urban Redevelopement Area, Series 2018A: | ||||||
1,950 | 5.250%, 12/01/39, 144A | 12/23 at 103.00 | N/R | 2,088,236 | ||
820 | 5.250%, 12/01/39, 144A | 12/23 at 103.00 | N/R | 878,130 | ||
10,000 | E-470 Public Highway Authority, Colorado, Toll Revenue Bonds, Series 2004B, 0.000%, 3/01/36 – NPFG Insured | 9/20 at 41.72 | A | 4,091,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
El Paso County School District 20, Academy, Colorado, General Obligation Bonds, Refunding Series 2010: | ||||||
$ 1,525 | 5.000%, 12/15/20 | No Opt. Call | Aa2 | $1,593,412 | ||
2,215 | 5.000%, 12/15/21 | No Opt. Call | Aa2 | 2,395,965 | ||
1,530 | 5.000%, 12/15/22 | 12/21 at 100.00 | Aa2 | 1,654,664 | ||
3,670 | Johnstown Plaza Metropolitan District, Colorado, Special Revenue Bonds, Series 2016A, 5.125%, 12/01/31 | 12/21 at 103.00 | N/R | 3,749,125 | ||
Plaza Metropolitan District 1, Lakewood, Colorado, Tax Increment Revenue Bonds, Refunding Series 2013: | ||||||
1,335 | 5.000%, 12/01/19, 144A | No Opt. Call | N/R | 1,342,289 | ||
500 | 5.000%, 12/01/20, 144A | No Opt. Call | N/R | 517,745 | ||
1,000 | Pueblo County School District 60, Pueblo, Colorado, General Obligation Bonds, Refunding Series 2009, 5.000%, 12/15/22 | No Opt. Call | Aa2 | 1,114,910 | ||
975 | Regional Transportation District, Colorado, Denver Transit Partners Eagle P3 Project Private Activity Bonds, Series 2010, 6.000%, 1/15/41 | 7/20 at 100.00 | BBB+ | 1,003,607 | ||
Sand Creek Metropolitan District, Colorado, General Obligation Bonds, Refunding Series 2010A: | ||||||
2,190 | 4.250%, 12/01/23 | 12/20 at 100.00 | A | 2,255,437 | ||
2,030 | 4.000%, 12/01/24 | 12/20 at 100.00 | A | 2,084,587 | ||
1,000 | Spring Mesa Metropolitan District, Jefferson County, Colorado, General Obligation Bonds, Refunding Series 2015, 3.750%, 12/01/44 – AGC Insured | 12/25 at 100.00 | AA | 1,039,070 | ||
250,470 | Total Colorado | 279,267,015 | ||||
Connecticut – 1.3% | ||||||
Connecticut Health and Educational Facilities Authority, Revenue Bonds, Nuvance Health Series 2019A: | ||||||
4,000 | 4.000%, 7/01/34 | 7/29 at 100.00 | A- | 4,527,200 | ||
5,640 | 4.000%, 7/01/35 | 7/29 at 100.00 | A- | 6,362,992 | ||
9,750 | 4.000%, 7/01/36 | 7/29 at 100.00 | A- | 10,967,970 | ||
22,000 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 1999-U1, 2.000%, 7/01/33 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 22,339,240 | ||
17,020 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2010A-4, 2.000%, 7/01/49 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 17,281,768 | ||
14,285 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2016A-1, 1.450%, 7/01/42 (Mandatory Put 7/01/22) | No Opt. Call | AAA | 14,323,427 | ||
3,325 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2016A-2, 2.000%, 7/01/42 (Mandatory Put 7/01/26) | No Opt. Call | AAA | 3,451,948 | ||
5,085 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2017B, 5.000%, 7/01/29 (Mandatory Put 7/01/20) | No Opt. Call | AAA | 5,223,973 | ||
7,705 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Series 2014D, 1.800%, 7/01/49 (Mandatory Put 7/01/24) | 1/24 at 100.00 | AA- | 7,801,158 | ||
1,040 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2018D-1, 4.000%, 11/15/38 | 11/27 at 100.00 | AAA | 1,131,582 | ||
1,170 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2019B-1, 3.300%, 11/15/39 | 11/28 at 100.00 | AAA | 1,235,988 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Connecticut (continued) | ||||||
$ 1,540 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2019E-1, 2.850%, 11/15/39 (WI/DD, Settling 10/29/19) | 11/28 at 100.00 | AAA | $1,535,072 | ||
775 | Connecticut State, General Obligation Bonds, Refunding Series 2012C, 5.000%, 6/01/22 | No Opt. Call | A1 | 847,695 | ||
1,360 | Connecticut State, General Obligation Bonds, Refunding Series 2018C, 5.000%, 6/15/22 | No Opt. Call | A1 | 1,489,390 | ||
925 | Connecticut State, General Obligation Bonds, Refunding Series 2018F, 5.000%, 9/15/20 | No Opt. Call | A1 | 956,580 | ||
2,570 | Connecticut State, General Obligation Bonds, Series 2013E, 5.000%, 8/15/22 | No Opt. Call | A1 | 2,829,262 | ||
1,345 | Connecticut State, General Obligation Bonds, Series 2019A, 5.000%, 4/15/23 | No Opt. Call | A1 | 1,508,633 | ||
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Refunding Series 20168C: | ||||||
720 | 5.000%, 10/01/20 | No Opt. Call | A+ | 745,286 | ||
1,785 | 5.000%, 10/01/22 | No Opt. Call | A+ | 1,970,158 | ||
1,790 | 5.000%, 10/01/23 | No Opt. Call | A+ | 2,034,962 | ||
750 | Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator Lisbon Project, Series 1993A, 5.500%, 1/01/20 (AMT) | 10/19 at 100.00 | A- | 762,120 | ||
Stratford, Connecticut, General Obligation Bonds, Series 2014: | ||||||
400 | 5.000%, 12/15/24 | 12/22 at 100.00 | AA- | 442,904 | ||
495 | 5.000%, 12/15/26 | 12/22 at 100.00 | AA- | 547,440 | ||
105,475 | Total Connecticut | 110,316,748 | ||||
Delaware – 0.1% | ||||||
1,000 | Delaware Health Facilities Authority, Revenue Bonds, Bayhealth Medical Center Project, Series 2017A, 4.000%, 7/01/35 | 7/27 at 100.00 | AA | 1,125,350 | ||
Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series 2013: | ||||||
1,100 | 4.000%, 7/01/22 | No Opt. Call | BBB+ | 1,152,481 | ||
3,995 | 5.000%, 7/01/28 | 7/23 at 100.00 | BBB+ | 4,403,449 | ||
2,780 | New Castle County, Delaware, General Obligation Bonds, Series 2019, 3.000%, 4/01/31 | 4/29 at 100.00 | AAA | 3,012,714 | ||
8,875 | Total Delaware | 9,693,994 | ||||
District of Columbia – 0.8% | ||||||
3,880 | District of Columbia Student Dormitory Revenue Bonds, Provident Group - Howard Properties LLC Issue, Series 2013, 5.000%, 10/01/30 | 10/22 at 100.00 | BB+ | 4,047,616 | ||
4,740 | District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2001, 6.500%, 5/15/33 | No Opt. Call | A- | 5,425,783 | ||
159,565 | District of Columbia Tobacco Settlement Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 0.000%, 6/15/46 | 10/19 at 19.42 | N/R | 30,133,850 | ||
4,150 | Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2018A, 5.000%, 10/01/29 (AMT) | 10/28 at 100.00 | AA- | 5,227,216 | ||
Metropolitan Washington DC Airports Authority, District of Columbia, Airport System Revenue Bonds, Refunding Series 2018A: | ||||||
5,465 | 5.000%, 10/01/26 (AMT) | No Opt. Call | AA- | 6,671,945 | ||
9,020 | 5.000%, 10/01/27 (AMT) | No Opt. Call | AA- | 11,219,798 | ||
4,150 | 5.000%, 10/01/28 (AMT) | No Opt. Call | AA- | 5,255,435 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
District of Columbia (continued) | ||||||
$ 1,250 | Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/25 | No Opt. Call | AA- | $ 1,500,563 | ||
192,220 | Total District of Columbia | 69,482,206 | ||||
Florida – 5.3% | ||||||
12,835 | Broward County School Board, Florida, Certificates of Participation, Series 2015A, 5.000%, 7/01/25 | No Opt. Call | Aa3 | 15,376,458 | ||
Broward County, Florida, Airport System Revenue Bonds, Series 2015A: | ||||||
10,000 | 5.000%, 10/01/34 (AMT) | 10/25 at 100.00 | A+ | 11,681,000 | ||
15,135 | 5.000%, 10/01/35 (AMT) | 10/25 at 100.00 | A+ | 17,634,697 | ||
Cape Coral, Florida, Utility Improvement Assessment Bonds, Refunding Various Areas Series 2017: | ||||||
930 | 2.250%, 9/01/23 – AGM Insured | No Opt. Call | AA | 942,853 | ||
1,410 | 2.500%, 9/01/24 – AGM Insured | No Opt. Call | AA | 1,449,353 | ||
1,350 | 2.750%, 9/01/25 – AGM Insured | No Opt. Call | AA | 1,412,843 | ||
940 | 2.750%, 9/01/26 – AGM Insured | No Opt. Call | AA | 990,046 | ||
705 | 3.000%, 9/01/27 – AGM Insured | No Opt. Call | AA | 756,966 | ||
Cape Coral, Florida, Water and Sewer Revenue Bonds, Refunding Series 2015: | ||||||
9,685 | 5.000%, 10/01/32 | 10/25 at 100.00 | A+ | 11,487,960 | ||
7,325 | 5.000%, 10/01/33 | 10/25 at 100.00 | A+ | 8,661,886 | ||
Citizens Property Insurance Corporation, Florida, Coastal Account Senior Secured Bonds, Series 2015A-1: | ||||||
16,445 | 5.000%, 6/01/22 | 12/21 at 100.00 | AA | 17,732,150 | ||
14,640 | 5.000%, 6/01/25 | 12/24 at 100.00 | AA | 17,268,466 | ||
Citizens Property Insurance Corporation, Florida, Personal and Commercial Lines Account Bonds, Senior Secured Series 2012A-1: | ||||||
4,545 | 5.000%, 6/01/20 | No Opt. Call | AA | 4,650,808 | ||
1,600 | 5.000%, 6/01/21 | No Opt. Call | AA | 1,693,280 | ||
Collier County Educational Facilities Authority, Florida, Revenue Bonds, Hodges University, Refunding Series 2013: | ||||||
2,200 | 4.750%, 11/01/23 | No Opt. Call | BBB- | 2,286,350 | ||
1,860 | 6.000%, 11/01/33 | 11/23 at 100.00 | BBB- | 2,053,068 | ||
1,890 | Dade County Housing Finance Authority, Florida, Multifamily Mortgage Revenue Bonds, Siesta Pointe Apartments Project, Series 1997A, 5.750%, 9/01/29 – AGM Insured (AMT) | 10/19 at 100.00 | Aaa | 1,896,237 | ||
1,000 | Davie, Florida, Educational Facilities Revenue Bonds, Nova Southeastern University Project, Series 2013A, 6.000%, 4/01/42 | 4/23 at 100.00 | A- | 1,123,410 | ||
370 | Florida Development Finance Corporation, Educational Facilities Revenue Bonds, Classical Preparatory Incorporated Project, Series 2017A, 5.000%, 6/15/27, 144A | 6/26 at 100.00 | N/R | 362,567 | ||
Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A: | ||||||
35,960 | 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A | No Opt. Call | N/R | 33,532,700 | ||
43,460 | 6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A | 1/25 at 105.00 | N/R | 40,417,800 | ||
35,955 | 6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A | 1/25 at 105.00 | N/R | 33,438,150 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 3,275 | Florida Governmental Utility Authority, Utility Revenue Bonds, Lake Aqua Utility System, Series 2013A, 4.250%, 10/01/33 | 10/22 at 100.00 | A- | $3,464,000 | ||
2,710 | Florida Governmental Utility Authority, Utility Revenue Bonds, Pasco Aqua Utility System, Series 2013A, 4.250%, 10/01/33 | 10/22 at 100.00 | A3 | 2,872,871 | ||
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern University Project, Refunding Series 2016: | ||||||
1,250 | 5.000%, 4/01/32 | 4/26 at 100.00 | A- | 1,454,438 | ||
1,750 | 5.000%, 4/01/33 | 4/26 at 100.00 | A- | 2,032,047 | ||
5,965 | 5.000%, 4/01/34 | 4/26 at 100.00 | A- | 6,912,600 | ||
4,290 | 5.000%, 4/01/35 | 4/26 at 100.00 | A- | 4,949,116 | ||
4,585 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2017-1, 3.600%, 7/01/37 | 1/27 at 100.00 | Aaa | 4,916,495 | ||
5,995 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2018-2, 4.050%, 7/01/38 | 1/28 at 100.00 | Aaa | 6,618,060 | ||
8,000 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2019-1, 3.000%, 7/01/39 | 7/28 at 100.00 | Aaa | 8,223,680 | ||
1,145 | Florida Municipal Power Agency, Power Supply Revenue Bonds, All Requirements Project, Refunding Series 2016A, 5.000%, 10/01/30 | 10/26 at 100.00 | A+ | 1,395,160 | ||
Florida State Board of Education, Public Education Capital Outlay Bonds, Series 2007D: | ||||||
6,395 | 3.000%, 6/01/30 | 10/19 at 100.00 | AAA | 6,402,354 | ||
6,585 | 3.000%, 6/01/31 | 10/19 at 100.00 | AAA | 6,592,309 | ||
6,780 | 3.000%, 6/01/32 | 10/19 at 100.00 | AAA | 6,787,255 | ||
1,500 | Florida State Department of Children and Families, Certificates of Participation, South Florida Evaluation Treatment Project, Series 2005, 5.000%, 10/01/25 | 10/19 at 100.00 | AA+ | 1,504,605 | ||
13,855 | Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Refunding Series 2012, 2.025%, 11/15/26 (Mandatory Put 11/15/22) | No Opt. Call | N/R | 13,897,950 | ||
2,240 | Jacksonville, Florida, Capital Improvement Revenue Bonds, Refunding Series 2012, 5.000%, 10/01/20 | No Opt. Call | AA | 2,319,117 | ||
1,940 | Jacksonville, Florida, Special Revenue Bonds, Series 20120C, 5.000%, 10/01/24 | 10/22 at 100.00 | AA | 2,146,668 | ||
5,050 | JEA, Florida, Electric System Revenue Bonds, Subordinated Series Three 2017B, 5.000%, 10/01/27 | No Opt. Call | AA | 6,243,315 | ||
7,005 | Lee County, Florida, Airport Revenue Bonds, Refunding Series 2011A, 5.375%, 10/01/32 – AGM Insured (AMT) | 8/21 at 100.00 | AA | 7,459,134 | ||
6,000 | Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2015A, 5.000%, 4/01/35 | 4/25 at 100.00 | A- | 6,936,180 | ||
5,760 | Miami-Dade County Educational Facilities Authority, Florida, Revenue Bonds, University of Miami, Series 2018A, 5.000%, 4/01/53 | 4/28 at 100.00 | A- | 6,850,714 | ||
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Refunding Series 2014B: | ||||||
2,705 | 5.000%, 7/01/24 | No Opt. Call | A | 3,121,029 | ||
1,265 | 5.000%, 7/01/27 | 7/24 at 100.00 | A | 1,448,336 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Refunding Series 2012A: | ||||||
$ 925 | 5.000%, 10/01/20 (AMT) | No Opt. Call | A | $956,552 | ||
5,175 | 5.000%, 10/01/22 (AMT) | No Opt. Call | A | 5,689,395 | ||
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B: | ||||||
3,000 | 5.000%, 10/01/24 | 10/20 at 100.00 | A | 3,111,150 | ||
6,305 | 5.000%, 10/01/41 | 10/20 at 100.00 | A | 6,502,914 | ||
Miami-Dade County, Florida, Special Obligation Bonds, Capital Asset Acquisition, Series 2010E: | ||||||
1,975 | 5.000%, 4/01/21 | 4/20 at 100.00 | AA | 2,011,794 | ||
5,015 | 5.250%, 4/01/30 | 4/20 at 100.00 | AA | 5,112,090 | ||
22,550 | Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Refunding Series 2017B, 3.125%, 10/01/39 | 10/27 at 100.00 | AA- | 23,206,881 | ||
5,000 | Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2010, 5.000%, 10/01/29 – AGM Insured (Pre-refunded 10/01/20) | 10/20 at 100.00 | AA (5) | 5,186,750 | ||
Orlando, Florida, Tourist Development Tax Revenue Bonds, 6th Cent Contract Payments, Refunding Senior Series 2017A: | ||||||
4,000 | 5.000%, 11/01/32 – AGM Insured | 11/27 at 100.00 | AA | 4,913,920 | ||
2,000 | 5.000%, 11/01/34 – AGM Insured | 11/27 at 100.00 | AA | 2,439,980 | ||
2,525 | Palm Beach County Health Facilities Authority, Florida, Hospital Revenue Bonds, BRCH Corporation Obligated Group, Refunding Series 2014, 5.000%, 12/01/31 (Pre-refunded 12/01/24) | 12/24 at 100.00 | N/R (5) | 2,970,738 | ||
4,235 | Palm Beach County School Board, Florida, Certificates of Participation, Series 2014B, 5.000%, 8/01/22 | No Opt. Call | Aa3 | 4,670,231 | ||
Palm Beach County Solid Waste Authority, Florida, Revenue Bonds, Refunding Series 2011: | ||||||
175 | 5.000%, 10/01/25 (Pre-refunded 10/01/21) | 10/21 at 100.00 | N/R (5) | 187,653 | ||
9,825 | 5.000%, 10/01/25 | 10/21 at 100.00 | AA+ | 10,543,895 | ||
4,830 | South Florida Water Management District, Certificates of Participation, Series 2015, 5.000%, 10/01/33 | 4/26 at 100.00 | AA | 5,751,467 | ||
Tampa, Florida, Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Refunding & Capital Improvement Series 2012A: | ||||||
615 | 5.000%, 9/01/22 | No Opt. Call | A+ | 678,542 | ||
2,850 | 5.000%, 9/01/23 | 9/22 at 100.00 | A+ | 3,134,145 | ||
1,270 | 3.125%, 9/01/24 | 9/22 at 100.00 | A+ | 1,327,429 | ||
1,290 | 5.000%, 9/01/25 | 9/22 at 100.00 | A+ | 1,413,969 | ||
1,500 | 5.000%, 9/01/27 | 9/22 at 100.00 | A+ | 1,641,000 | ||
1,980 | 5.000%, 9/01/28 | 9/22 at 100.00 | A+ | 2,166,120 | ||
6,150 | 4.000%, 9/01/33 | 9/22 at 100.00 | A+ | 6,488,188 | ||
419,475 | Total Florida | 441,501,284 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia – 2.5% | ||||||
$ 5,010 | Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2010C, 5.875%, 1/01/24 | 1/21 at 100.00 | Aa3 | $5,301,281 | ||
Atlanta, Georgia, Airport General Revenue Bonds, Refunding Series 2012B: | ||||||
2,095 | 5.000%, 1/01/23 | 1/22 at 100.00 | AA- | 2,273,473 | ||
1,500 | 5.000%, 1/01/28 | 1/22 at 100.00 | AA- | 1,623,240 | ||
1,650 | 5.000%, 1/01/37 | 1/22 at 100.00 | AA- | 1,772,232 | ||
Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Refunding Subordinate Lien Series 2014A: | ||||||
11,070 | 5.000%, 1/01/27 | 1/24 at 100.00 | AA- | 12,704,818 | ||
4,280 | 5.000%, 1/01/29 | 1/24 at 100.00 | AA- | 4,896,834 | ||
6,750 | 5.000%, 1/01/30 | 1/24 at 100.00 | AA- | 7,701,885 | ||
Atlanta, Georgia, Airport Passenger Facilities Charge and General Revenue Bonds, Subordinate Lien Series 2019D: | ||||||
10,850 | 4.000%, 7/01/35 (AMT) | 7/29 at 100.00 | AA- | 12,381,911 | ||
10,300 | 4.000%, 7/01/36 (AMT) | 7/29 at 100.00 | AA- | 11,710,482 | ||
14,810 | Atlanta, Georgia, Water and Wastewater Revenue Bonds, Refunding Series 2018C, 4.000%, 11/01/37 | 11/27 at 100.00 | Aa2 | 16,834,231 | ||
2,215 | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company Vogtle Plant, First Series 2008, 1.650%, 11/01/48 (Mandatory Put 6/18/21) | No Opt. Call | A- | 2,210,149 | ||
Chatham County Hospital Authority, Georgia, Seven Mill Tax Pledge Revenue Bonds, Memorial Health University Medical Center, Inc, Refunding & Improvement Series 2012A: | ||||||
3,340 | 5.000%, 1/01/23 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (5) | 3,611,976 | ||
5,560 | 5.000%, 1/01/24 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (5) | 6,012,751 | ||
8,990 | 5.000%, 1/01/25 (Pre-refunded 1/01/22) | 1/22 at 100.00 | N/R (5) | 9,722,056 | ||
1,250 | DeKalb County Hospital Authority, Georgia, Anticipation Certificates Revenue Bonds, DeKalb Medical Center, Inc Project, Series 2010, 6.000%, 9/01/30 (Pre-refunded 9/01/20) | 9/20 at 100.00 | N/R (5) | 1,300,725 | ||
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2018A: | ||||||
2,455 | 3.600%, 12/01/33 | 6/27 at 100.00 | AAA | 2,659,133 | ||
6,045 | 3.850%, 12/01/38 | 6/27 at 100.00 | AAA | 6,566,019 | ||
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2018B: | ||||||
2,045 | 3.800%, 12/01/33 | 12/27 at 100.00 | AAA | 2,255,246 | ||
3,405 | 4.050%, 12/01/38 | 12/27 at 100.00 | AAA | 3,747,066 | ||
Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2019A: | ||||||
1,500 | 3.050%, 12/01/34 | 6/28 at 100.00 | AAA | 1,571,415 | ||
4,000 | 3.350%, 12/01/39 | 6/28 at 100.00 | AAA | 4,208,320 | ||
8,285 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Series 2019B, 2.950%, 12/01/39 (WI/DD, Settling 10/10/19) | 12/28 at 100.00 | AAA | 8,362,879 | ||
6,350 | Georgia Housing and Finance Authority, Single Family Mortgage Bonds, Sub Series 2015A-1, 3.700%, 12/01/35 | 12/24 at 100.00 | AAA | 6,721,856 | ||
25,000 | Georgia State, General Obligation Bonds, Series 2006G, 1.000%, 10/01/26 | 10/19 at 100.00 | AAA | 24,115,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Georgia (continued) | ||||||
$ 11,000 | Georgia State, General Obligation Bonds, Series 2007E, 2.000%, 8/01/27 | 10/19 at 100.00 | AAA | $11,002,970 | ||
5,800 | Henry County School District, Georgia, General Obligation Bonds, Series 2016, 5.000%, 8/01/23 | No Opt. Call | AA+ | 6,603,764 | ||
21,300 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019B, 4.000%, 8/01/49 (Mandatory Put 12/02/24) | No Opt. Call | Aa1 | 23,991,042 | ||
2,785 | Municipal Gas Authority of Georgia, Gas Revenue Bonds, Gas Portfolio III Project, Series 2014U, 5.000%, 10/01/21 | No Opt. Call | AA- | 2,980,089 | ||
955 | Rockdale County Development Authority, Georgia, Revenue Bonds, Pratt Paper, LLC Project, Refunding Series 2018, 4.000%, 1/01/38, 144A (AMT) | 1/28 at 100.00 | N/R | 1,016,378 | ||
190,595 | Total Georgia | 205,859,221 | ||||
Guam – 0.1% | ||||||
4,060 | Guam Government Waterworks Authority, Water and Wastewater System Revenue Bonds, Series 2013, 5.500%, 7/01/43 | 7/23 at 100.00 | A- | 4,465,878 | ||
Hawaii – 0.8% | ||||||
5,005 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2010A, 5.250%, 7/01/30 (Pre-refunded 7/01/20) | 7/20 at 100.00 | AA- (5) | 5,150,295 | ||
1,025 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific Health Obligated Group, Series 2010B, 5.625%, 7/01/30 (Pre-refunded 7/01/20) | 7/20 at 100.00 | AA- (5) | 1,057,605 | ||
4,100 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company, Inc and Subsidiary Projects, Refunding Series 2019, 3.200%, 7/01/39 | 7/29 at 100.00 | Baa2 | 4,207,174 | ||
10,785 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company, Inc and Subsidiary Projects, Series 2017A, 3.100%, 5/01/26 (AMT) | No Opt. Call | A- | 11,288,767 | ||
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Queens Health Systems, Series 2015A: | ||||||
5,500 | 5.000%, 7/01/26 | 7/25 at 100.00 | AA- | 6,525,970 | ||
4,510 | 5.000%, 7/01/27 | 7/25 at 100.00 | AA- | 5,334,834 | ||
7,825 | 5.000%, 7/01/28 | 7/25 at 100.00 | AA- | 9,230,605 | ||
9,180 | 5.000%, 7/01/29 | 7/25 at 100.00 | AA- | 10,820,007 | ||
15,450 | Hawaiian Electric Company Inc. and Its Subsidiaries, Special Purpose Revenue Bonds, Deparment of Budget and Finance of the State of Hawaii, Series 2015, 3.250%, 1/01/25 (AMT) | No Opt. Call | A- | 16,179,086 | ||
63,380 | Total Hawaii | 69,794,343 | ||||
Idaho – 0.4% | ||||||
560 | Boise City, Idaho, Airport Revenue Bonds, Aircraft Maintenance Facilities Project, Subordinate Series 2015, 3.750%, 9/01/32 (AMT) | 9/25 at 100.00 | A2 | 599,010 | ||
7,640 | Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Helath Group, Series 2013ID, 1.250%, 12/01/48 (Mandatory Put 2/03/20) | No Opt. Call | AA- | 7,638,930 | ||
3,100 | Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2014A, 4.125%, 3/01/37 | 3/24 at 100.00 | A- | 3,255,558 | ||
1,000 | Idaho Housing and Finance Association, Nonprofit Facilities Revenue Bonds, Victory Charter School, Inc Project, Refunding Series 2016A, 5.000%, 7/01/39 | 7/26 at 100.00 | BBB- | 1,090,050 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Idaho (continued) | ||||||
Madison County School District 321, Idaho, General Obligation Bonds, Sales Tax and Credit Enhancement Guaranty, Refunding Series 2014B: | ||||||
$ 2,595 | 5.000%, 8/15/21 | No Opt. Call | Aaa | $2,775,223 | ||
2,710 | 5.000%, 8/15/22 | No Opt. Call | Aaa | 2,997,124 | ||
12,005 | Nez Perce County, Idaho, Pollution Control Revenue Bonds, Potlatch Corporation Project, Refunding Series 2016, 2.750%, 10/01/24 | No Opt. Call | BBB- | 12,500,927 | ||
29,610 | Total Idaho | 30,856,822 | ||||
Illinois – 11.5% | ||||||
2,215 | Bartlett, Illinois, Tax Increment Revenue Bonds, Barlett Quarry Redev Project, Senior Lien Series 2016, 4.000%, 1/01/24 | 1/22 at 100.00 | N/R | 2,219,142 | ||
Bolingbrook, Illinois, General Obligation Bonds, Refunding Series 2013A: | ||||||
2,800 | 0.000%, 1/01/30 | 7/23 at 72.73 | A2 | 1,838,928 | ||
2,550 | 0.000%, 1/01/31 | 7/23 at 68.95 | A2 | 1,584,749 | ||
2,750 | 0.000%, 1/01/32 | 7/23 at 65.29 | A2 | 1,615,323 | ||
4,000 | 0.000%, 1/01/33 | 7/23 at 61.69 | A2 | 2,216,040 | ||
Cary, Illinois, Special Tax Bonds, Special Service Area 1, Refunding Series 2016: | ||||||
431 | 2.150%, 3/01/23 – BAM Insured | No Opt. Call | AA | 434,034 | ||
446 | 2.350%, 3/01/24 – BAM Insured | No Opt. Call | AA | 451,294 | ||
962 | 2.700%, 3/01/26 – BAM Insured | 3/25 at 100.00 | AA | 982,789 | ||
1,048 | 2.900%, 3/01/28 – BAM Insured | 3/25 at 100.00 | AA | 1,070,962 | ||
969 | 3.050%, 3/01/30 – BAM Insured | 3/25 at 100.00 | AA | 1,000,250 | ||
Cary, Illinois, Special Tax Bonds, Special Service Area 2, Refunding Series 2016: | ||||||
585 | 2.150%, 3/01/23 – BAM Insured | No Opt. Call | AA | 589,118 | ||
610 | 2.350%, 3/01/24 – BAM Insured | No Opt. Call | AA | 617,241 | ||
968 | 2.700%, 3/01/26 – BAM Insured | 3/25 at 100.00 | AA | 988,918 | ||
1,423 | 2.900%, 3/01/28 – BAM Insured | 3/25 at 100.00 | AA | 1,454,178 | ||
1,448 | 3.050%, 3/01/30 – BAM Insured | 3/25 at 100.00 | AA | 1,491,730 | ||
29,585 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2016, 6.000%, 4/01/46 | 4/27 at 100.00 | A | 35,517,680 | ||
Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2017: | ||||||
1,860 | 5.000%, 4/01/33 | 4/27 at 100.00 | A | 2,140,190 | ||
1,000 | 5.000%, 4/01/42 | 4/27 at 100.00 | A | 1,128,180 | ||
1,150 | Chicago Board of Education, Illinois, Dedicated Capital Improvement Tax Revenue Bonds, Series 2018, 5.000%, 4/01/37 | 4/28 at 100.00 | A | 1,328,630 | ||
10,900 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017B, 7.000%, 12/01/42, 144A | 12/27 at 100.00 | BB- | 13,955,706 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C: | ||||||
3,125 | 5.000%, 12/01/27 | No Opt. Call | BB | 3,660,000 | ||
12,385 | 5.000%, 12/01/30 | 12/27 at 100.00 | BB | 14,369,325 | ||
5,270 | 5.000%, 12/01/34 | 12/27 at 100.00 | BB | 6,039,104 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 2,600 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017D, 5.000%, 12/01/31 | 12/27 at 100.00 | BB | $3,003,208 | ||
3,655 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017H, 5.000%, 12/01/36 | 12/27 at 100.00 | BB | 4,165,896 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018A: | ||||||
9,745 | 4.000%, 12/01/21 | No Opt. Call | BB | 10,128,953 | ||
5,795 | 4.000%, 12/01/22 | No Opt. Call | BB | 6,106,134 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018C: | ||||||
1,200 | 5.000%, 12/01/22 | No Opt. Call | BB | 1,300,884 | ||
2,885 | 5.000%, 12/01/23 | No Opt. Call | BB | 3,192,714 | ||
2,300 | 5.000%, 12/01/24 | No Opt. Call | BB | 2,584,694 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2019A: | ||||||
1,860 | 0.000%, 12/01/25 | No Opt. Call | BB | 1,560,559 | ||
2,545 | 0.000%, 12/01/26 | No Opt. Call | BB | 2,061,425 | ||
19,585 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Series 2017A, 7.000%, 12/01/46, 144A | 12/27 at 100.00 | BB- | 24,959,907 | ||
Chicago Transit Authority, Illinois, Sales Tax Receipts Revenue Bonds, Series 2011: | ||||||
3,530 | 5.250%, 12/01/25 | 12/21 at 100.00 | AA | 3,798,315 | ||
3,235 | 5.250%, 12/01/26 | 12/21 at 100.00 | AA | 3,475,522 | ||
Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Refunding Series 2015A: | ||||||
5,700 | 5.000%, 1/01/33 (AMT) | 1/25 at 100.00 | A | 6,527,127 | ||
4,225 | 5.000%, 1/01/34 (AMT) | 1/25 at 100.00 | A | 4,830,907 | ||
Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2018B: | ||||||
2,500 | 5.000%, 1/01/36 | 1/29 at 100.00 | A | 3,114,200 | ||
3,000 | 5.000%, 1/01/37 | 1/29 at 100.00 | A | 3,725,850 | ||
4,000 | 5.000%, 1/01/38 | 1/29 at 100.00 | A | 4,949,960 | ||
17,605 | Chicago, Illinois, General Obligation Bonds, Project & Refunding Series 2017A, 6.000%, 1/01/38 | 1/27 at 100.00 | BBB+ | 21,030,405 | ||
Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C: | ||||||
6,825 | 5.000%, 1/01/23 | No Opt. Call | BBB+ | 7,361,991 | ||
7,600 | 5.000%, 1/01/24 | No Opt. Call | BBB+ | 8,372,616 | ||
4,440 | 5.000%, 1/01/25 | No Opt. Call | BBB+ | 4,983,722 | ||
1,940 | 5.000%, 1/01/26 | No Opt. Call | BBB+ | 2,216,023 | ||
1,525 | Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City Colleges, Series 2013, 5.000%, 12/01/24 | 12/23 at 100.00 | A+ | 1,662,692 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2012C: | ||||||
$ 2,600 | 5.000%, 11/15/20 | No Opt. Call | AA- | $2,700,880 | ||
2,780 | 5.000%, 11/15/21 | No Opt. Call | AA- | 2,975,962 | ||
2,400 | 5.000%, 11/15/22 | No Opt. Call | AA- | 2,638,752 | ||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2016A: | ||||||
5,250 | 5.000%, 11/15/20 | No Opt. Call | AA- | 5,453,700 | ||
2,260 | 5.000%, 11/15/21 | No Opt. Call | AA- | 2,419,307 | ||
Effingham and Clay Counties Community Unit School District Number 40, Effingham, Illinois, General Obligation Bonds, School Series 2019A: | ||||||
1,000 | 4.000%, 12/01/30 – BAM Insured | 12/27 at 100.00 | AA | 1,122,110 | ||
1,000 | 4.000%, 12/01/34 – BAM Insured | 12/27 at 100.00 | AA | 1,097,970 | ||
1,395 | 4.000%, 12/01/35 – BAM Insured | 12/27 at 100.00 | AA | 1,525,516 | ||
1,455 | 4.000%, 12/01/36 – BAM Insured | 12/27 at 100.00 | AA | 1,583,593 | ||
500 | Huntley, Illinois, Special Tax Bonds, Special Service Area 10, Refunding Series 2017, 2.800%, 3/01/25 – BAM Insured | No Opt. Call | AA | 514,250 | ||
Huntley, Illinois, Special Tax Bonds, Special Service Area 9, Refunding Series 2017: | ||||||
875 | 2.400%, 3/01/23 – BAM Insured | No Opt. Call | AA | 884,870 | ||
925 | 2.600%, 3/01/24 – BAM Insured | No Opt. Call | AA | 941,373 | ||
1,025 | 3.000%, 3/01/26 – BAM Insured | No Opt. Call | AA | 1,068,583 | ||
1,055 | 3.150%, 3/01/27 – BAM Insured | 3/26 at 100.00 | AA | 1,098,877 | ||
7,000 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2008A-3, 5.000%, 11/01/30 | No Opt. Call | AA | 8,396,640 | ||
1,050 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2014, 5.000%, 8/01/23 | No Opt. Call | AA | 1,189,608 | ||
3,000 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Series 2012, 5.000%, 6/01/42 | 6/22 at 100.00 | AA | 3,193,650 | ||
6,400 | Illinois Finance Authority, Revenue Bonds, Ann & Robert H Lurie Children's Hospital of Chicago, Refunding Series 2017, 4.000%, 8/15/39 | 8/27 at 100.00 | AA | 7,008,256 | ||
2,000 | Illinois Finance Authority, Revenue Bonds, Art Institute of Chicago, Series 2016, 5.000%, 3/01/30 | 3/26 at 100.00 | AA- | 2,383,240 | ||
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series 2016C: | ||||||
2,400 | 3.625%, 2/15/32 | 2/27 at 100.00 | AA+ | 2,575,248 | ||
10,000 | 3.750%, 2/15/34 | 2/27 at 100.00 | AA+ | 10,749,700 | ||
70 | 4.000%, 2/15/41 (Pre-refunded 2/15/27) | 2/27 at 100.00 | N/R (5) | 81,846 | ||
33,925 | 4.000%, 2/15/41 | 2/27 at 100.00 | AA+ | 37,379,243 | ||
13,685 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/27 | 9/22 at 100.00 | AA+ | 15,095,513 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A: | ||||||
$ 475 | 5.000%, 9/01/26 | 9/24 at 100.00 | AA+ | $555,095 | ||
1,205 | 5.000%, 9/01/27 | 9/24 at 100.00 | AA+ | 1,405,379 | ||
775 | 5.000%, 9/01/29 | 9/24 at 100.00 | AA+ | 900,628 | ||
2,450 | 5.000%, 9/01/34 | 9/24 at 100.00 | AA+ | 2,812,477 | ||
2,815 | 4.625%, 9/01/39 | 9/24 at 100.00 | AA+ | 3,082,453 | ||
7,015 | 5.000%, 9/01/42 | 9/24 at 100.00 | AA+ | 7,957,044 | ||
Illinois Finance Authority, Revenue Bonds, Ingalls Health System, Series 2013: | ||||||
1,390 | 5.000%, 5/15/23 | 5/22 at 100.00 | Baa2 | 1,502,229 | ||
1,120 | 5.000%, 5/15/25 | 5/22 at 100.00 | Baa2 | 1,209,477 | ||
1,175 | 5.000%, 5/15/26 | 5/22 at 100.00 | Baa2 | 1,267,073 | ||
Illinois Finance Authority, Revenue Bonds, Memorial Health System, Series 2019: | ||||||
2,500 | 5.000%, 4/01/31 | 4/29 at 100.00 | AA- | 3,119,675 | ||
1,300 | 5.000%, 4/01/32 | 4/29 at 100.00 | AA- | 1,611,987 | ||
4,500 | 5.000%, 4/01/34 | 4/29 at 100.00 | AA- | 5,527,260 | ||
7,610 | 5.000%, 4/01/36 | 4/29 at 100.00 | AA- | 9,255,586 | ||
5,205 | Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016, 5.000%, 12/01/24 | No Opt. Call | A3 | 6,035,250 | ||
Illinois Finance Authority, Revenue Bonds, Northwest Community Hospital, Refunding Series 2016A: | ||||||
2,370 | 5.000%, 7/01/33 | 7/26 at 100.00 | A | 2,775,649 | ||
3,170 | 5.000%, 7/01/34 | 7/26 at 100.00 | A | 3,699,834 | ||
5,000 | 5.000%, 7/01/35 | 7/26 at 100.00 | A | 5,822,450 | ||
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A: | ||||||
1,000 | 5.000%, 11/15/27 | 11/25 at 100.00 | A | 1,190,600 | ||
1,885 | 5.000%, 11/15/28 | 11/25 at 100.00 | A | 2,235,516 | ||
2,000 | 5.000%, 11/15/29 | 11/25 at 100.00 | A | 2,356,260 | ||
2,950 | Illinois Finance Authority, Revenue Bonds, Roosevelt University, Series 2007, 5.400%, 4/01/27 | No Opt. Call | N/R | 2,953,746 | ||
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Refunding Series 2015C: | ||||||
2,215 | 5.000%, 8/15/35 | 8/25 at 100.00 | Baa1 | 2,524,103 | ||
5,000 | 5.000%, 8/15/44 | 8/25 at 100.00 | Baa1 | 5,613,000 | ||
Illinois FInance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc, Refunding Series 2017C: | ||||||
1,150 | 5.000%, 3/01/32 | 3/27 at 100.00 | AA- | 1,363,613 | ||
2,750 | 5.000%, 3/01/33 | 3/27 at 100.00 | AA- | 3,248,960 | ||
1,650 | 5.000%, 3/01/34 | 3/27 at 100.00 | AA- | 1,943,948 | ||
1,800 | 4.000%, 3/01/35 | 3/27 at 100.00 | AA- | 1,952,928 | ||
2,350 | Illinois Health Facilities Authority, Revenue Bonds, Advocate Healthcare Network, Series 2003A Remarketing 07/21/16, 1.375%, 11/15/22 | 7/21 at 101.00 | AA | 2,353,149 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois State, General Obligation Bonds, February Series 2014: | ||||||
$ 4,000 | 5.000%, 2/01/23 | No Opt. Call | BBB | $4,330,240 | ||
3,155 | 5.000%, 2/01/24 | No Opt. Call | BBB | 3,460,909 | ||
4,630 | 5.000%, 2/01/25 | 2/24 at 100.00 | BBB | 5,078,832 | ||
4,675 | 5.000%, 2/01/26 | 2/24 at 100.00 | BBB | 5,125,202 | ||
6,000 | 5.000%, 2/01/27 | 2/24 at 100.00 | BBB | 6,570,180 | ||
2,485 | Illinois State, General Obligation Bonds, June Series 2016, 3.500%, 6/01/29 | 6/26 at 100.00 | BBB | 2,508,931 | ||
1,800 | Illinois State, General Obligation Bonds, May Series 2014, 5.000%, 5/01/32 | 5/24 at 100.00 | BBB | 1,962,504 | ||
12,200 | Illinois State, General Obligation Bonds, November Series 2016, 5.000%, 11/01/26 | No Opt. Call | BBB | 14,014,506 | ||
Illinois State, General Obligation Bonds, November Series 2017D: | ||||||
5,015 | 5.000%, 11/01/21 | No Opt. Call | BBB | 5,302,309 | ||
25,535 | 5.000%, 11/01/23 | No Opt. Call | BBB | 27,961,336 | ||
4,465 | 5.000%, 11/01/24 | No Opt. Call | BBB | 4,968,697 | ||
4,385 | 5.000%, 11/01/25 | No Opt. Call | BBB | 4,919,181 | ||
4,805 | 3.250%, 11/01/26 | No Opt. Call | BBB | 4,850,599 | ||
3,060 | 5.000%, 11/01/26 | No Opt. Call | BBB | 3,472,886 | ||
5,330 | 5.000%, 11/01/27 | No Opt. Call | BBB | 6,104,182 | ||
5,735 | 5.000%, 11/01/28 | 11/27 at 100.00 | BBB | 6,553,901 | ||
Illinois State, General Obligation Bonds, Refunding Series 2012: | ||||||
7,750 | 5.000%, 8/01/20 | No Opt. Call | BBB | 7,933,210 | ||
6,175 | 5.000%, 8/01/21 | No Opt. Call | BBB | 6,490,172 | ||
15,265 | 5.000%, 8/01/22 | No Opt. Call | BBB | 16,400,716 | ||
2,795 | 5.000%, 8/01/23 | No Opt. Call | BBB | 3,058,177 | ||
285 | 5.000%, 8/01/25 | 8/22 at 100.00 | BBB | 303,921 | ||
2,870 | Illinois State, General Obligation Bonds, Series 2012, 4.000%, 9/01/21 | No Opt. Call | BBB | 2,976,104 | ||
Illinois State, General Obligation Bonds, Series 2012A: | ||||||
7,840 | 4.000%, 1/01/20 | No Opt. Call | BBB | 7,878,024 | ||
12,210 | 4.000%, 1/01/22 | No Opt. Call | BBB | 12,670,317 | ||
Illinois State, General Obligation Bonds, Series 2013: | ||||||
4,220 | 5.500%, 7/01/25 | 7/23 at 100.00 | BBB | 4,656,981 | ||
2,760 | 5.500%, 7/01/26 | 7/23 at 100.00 | BBB | 3,043,866 | ||
2,085 | 5.500%, 7/01/27 | 7/23 at 100.00 | BBB | 2,296,273 | ||
7,490 | 5.250%, 7/01/29 | 7/23 at 100.00 | BBB | 8,160,055 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
9,595 | 5.000%, 12/01/21 | No Opt. Call | AA- | 10,318,271 | ||
3,345 | 5.000%, 12/01/22 | No Opt. Call | AA- | 3,712,749 | ||
4,110 | 5.000%, 1/01/33 | 1/23 at 100.00 | AA- | 4,554,949 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2016A: | ||||||
$ 6,795 | 5.000%, 12/01/31 | 1/26 at 100.00 | AA- | $8,024,487 | ||
7,895 | 5.000%, 12/01/32 | 1/26 at 100.00 | AA- | 9,292,178 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2018A: | ||||||
8,500 | 5.000%, 1/01/25 | No Opt. Call | AA- | 9,974,070 | ||
14,270 | 5.000%, 1/01/26 | No Opt. Call | AA- | 17,133,989 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014B: | ||||||
11,000 | 5.000%, 1/01/36 | 1/24 at 100.00 | AA- | 12,443,860 | ||
6,115 | 5.000%, 1/01/37 | 1/24 at 100.00 | AA- | 6,909,828 | ||
11,605 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014D, 5.000%, 1/01/24 | No Opt. Call | AA- | 13,277,513 | ||
10,550 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2015B, 5.000%, 1/01/37 | 1/26 at 100.00 | AA- | 12,301,089 | ||
Kane County Community Unit School District 304 Geneva, Illinois, General Obligation Bonds, Series 2007A: | ||||||
1,955 | 9.000%, 1/01/22 – AGM Insured (ETM) | No Opt. Call | AA (5) | 2,280,116 | ||
6,615 | 9.000%, 1/01/22 – AGM Insured | No Opt. Call | Aa2 | 7,684,844 | ||
285 | 9.000%, 1/01/23 – AGM Insured (ETM) | No Opt. Call | AA (5) | 352,898 | ||
965 | 9.000%, 1/01/23 – AGM Insured | No Opt. Call | Aa2 | 1,190,607 | ||
1,210 | 9.000%, 1/01/25 – AGM Insured (ETM) | No Opt. Call | AA (5) | 1,668,445 | ||
3,940 | 9.000%, 1/01/25 – AGM Insured | No Opt. Call | Aa2 | 5,393,111 | ||
Kendall, Kane, and Will Counties Community Unit School District 308 Oswego, Illinois, General Obligation Bonds, Refunding School Series 2016: | ||||||
5,000 | 5.000%, 2/01/34 | 2/26 at 100.00 | AA- | 5,803,000 | ||
3,465 | 5.000%, 2/01/35 | 2/26 at 100.00 | AA- | 4,012,435 | ||
LaSalle and Bureau Counties High School District 120 LaSalle-Peru, Illinois, General Obligation Bonds, School Building Series 2017: | ||||||
1,140 | 5.000%, 12/01/24 – BAM Insured | No Opt. Call | AA | 1,327,975 | ||
1,485 | 5.000%, 12/01/30 – BAM Insured | 12/26 at 100.00 | AA | 1,782,312 | ||
1,165 | 5.000%, 12/01/31 – BAM Insured | 12/26 at 100.00 | AA | 1,391,756 | ||
1,645 | 5.000%, 12/01/32 – BAM Insured | 12/26 at 100.00 | AA | 1,956,547 | ||
1,725 | 5.000%, 12/01/33 – BAM Insured | 12/26 at 100.00 | AA | 2,051,612 | ||
1,815 | 5.000%, 12/01/34 – BAM Insured | 12/26 at 100.00 | AA | 2,151,810 | ||
2,100 | Madison and Jersey Counties Community Unit School District 11, Alton, Illinois, General Obligation Bonds, Series 2002, 0.000%, 12/01/19 – AGM Insured | No Opt. Call | AA | 2,093,952 | ||
Madison County Community Unit School District 7 Edwardsville, Illinois, General Obligation Bonds, Series 2017A: | ||||||
2,430 | 5.000%, 12/01/28 | 12/25 at 100.00 | AA | 2,809,323 | ||
2,500 | 5.000%, 12/01/29 | 12/25 at 100.00 | AA | 2,891,250 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 1,500 | Madison, Macoupin, Jersey, Calhoun, Morgan, Scott, and Greene Counties Community College District 536, Illinois, General Obligation Bonds, Lewis & Clark Community College, Refunding Series 2017A, 5.000%, 11/01/31 – AGM Insured | 11/26 at 100.00 | AA | $1,770,810 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Refunding Series 2012B: | ||||||
4,990 | 5.000%, 12/15/28 | 6/22 at 100.00 | BBB | 5,345,388 | ||
1,700 | 0.000%, 12/15/51 | No Opt. Call | BBB | 499,239 | ||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2017B: | ||||||
1,810 | 0.000%, 12/15/37 | No Opt. Call | BBB | 1,236,447 | ||
9,045 | 0.000%, 12/15/42 | 6/38 at 100.00 | BBB | 6,135,495 | ||
6,000 | 0.000%, 12/15/47 | 6/38 at 100.00 | BBB | 4,034,040 | ||
28,425 | Metropolitan Pier and Exposition Authority, Illinois, Revenue Bonds, McCormick Place Expansion Project, Series 2002A, 0.000%, 12/15/29 – NPFG Insured | No Opt. Call | BBB | 21,474,235 | ||
Montgomery, Illinois, Lakewood Creek Project Special Assessment Bonds, Series 2018: | ||||||
465 | 3.100%, 3/01/26 – BAM Insured | No Opt. Call | AA | 486,683 | ||
467 | 3.200%, 3/01/27 – BAM Insured | No Opt. Call | AA | 492,713 | ||
371 | 3.300%, 3/01/28 – BAM Insured | 3/27 at 100.00 | AA | 391,869 | ||
650 | 3.450%, 3/01/30 – BAM Insured | 3/27 at 100.00 | AA | 686,095 | ||
500 | Morton Grove, Illinois, Tax Increment Revenue Bonds, Sawmill Station Redevelopment Project, Senior Lien Series 2019, 4.250%, 1/01/29 | 1/26 at 100.00 | N/R | 500,515 | ||
2,270 | Peroia Public Building Commission, Illinois, School District Facility Revenue Bonds, Peoria County School District 150 Project, Series 2011, 0.000%, 12/01/24 | No Opt. Call | A | 2,010,494 | ||
1,494 | Plano, Illinois, Special Tax Bonds, Special Service Area 1 & 2 Lakewood Springs Project, Refunding Series 2014, 5.000%, 3/01/29 – AGM Insured | 3/24 at 100.00 | AA | 1,666,079 | ||
Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana College, Series 2012: | ||||||
295 | 5.000%, 10/01/23 | 10/22 at 100.00 | Baa1 | 322,668 | ||
350 | 5.000%, 10/01/24 | 10/22 at 100.00 | Baa1 | 384,549 | ||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010: | ||||||
7,785 | 5.250%, 6/01/21 | No Opt. Call | A | 8,252,878 | ||
12,395 | 5.500%, 6/01/23 (Pre-refunded 6/01/21) | 6/21 at 100.00 | N/R (5) | 13,244,677 | ||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2017: | ||||||
3,900 | 5.000%, 6/01/25 | No Opt. Call | A | 4,603,443 | ||
5,000 | 5.000%, 6/01/26 | No Opt. Call | A | 6,042,800 | ||
3,000 | 5.000%, 6/01/27 | 6/26 at 100.00 | A | 3,615,540 | ||
Round Lake, Lake County, Illinois, Special Tax Bonds, Lakewood Grove Special Service Areas 1, 3 & 4, Refunding Series 2017: | ||||||
1,283 | 3.700%, 3/01/29 – BAM Insured | 3/27 at 100.00 | AA | 1,382,612 | ||
1,073 | 3.800%, 3/01/30 – BAM Insured | 3/27 at 100.00 | AA | 1,159,248 | ||
1,897 | 4.000%, 3/01/33 – BAM Insured | 3/27 at 100.00 | AA | 2,060,123 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 5,000 | Sangamon County Water Reclamation District, Sangamon County, Illinois, General Obligation Bonds Alternate Revenue Source, Project & Refunding Series 2019A, 4.000%, 1/01/44 | 1/29 at 100.00 | A+ | $5,432,050 | ||
Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Memorial Group, Inc, Series 2013: | ||||||
2,565 | 7.125%, 11/01/43 (Pre-refunded 11/01/23) | 11/23 at 100.00 | N/R (5) | 3,145,408 | ||
2,415 | 7.625%, 11/01/48 (Pre-refunded 11/01/23) | 11/23 at 100.00 | N/R (5) | 3,009,187 | ||
2,645 | Southwestern Illinois Development Authority, Local Government Program Revenue Bonds, Southwestern Illinois Flood District Council Project, Series 2016B, 4.000%, 10/15/40 | 10/25 at 100.00 | A | 2,827,875 | ||
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015: | ||||||
7,805 | 5.000%, 3/01/33 | 3/25 at 100.00 | A | 8,965,369 | ||
13,960 | 5.000%, 3/01/34 – AGM Insured | 3/25 at 100.00 | AA | 16,024,544 | ||
10,990 | 5.000%, 3/01/40 – AGM Insured | 3/25 at 100.00 | AA | 12,444,307 | ||
Sterling, Whiteside County, Illinois, General Obligation Bonds, Alternate Revenue Source, Series 2012: | ||||||
3,205 | 4.000%, 11/01/21 | No Opt. Call | A+ | 3,367,974 | ||
2,830 | 4.000%, 11/01/22 | No Opt. Call | A+ | 3,038,486 | ||
Will and Kendall Counties Community Consolidated School District 202 Plainfield, Illinois, General Obligation Bonds, Series 2016C: | ||||||
9,760 | 5.000%, 1/01/22 | No Opt. Call | Aa2 | 10,512,203 | ||
3,355 | 5.000%, 1/01/23 | No Opt. Call | Aa2 | 3,719,688 | ||
3,295 | 5.000%, 1/01/24 | No Opt. Call | Aa2 | 3,753,829 | ||
4,215 | 5.000%, 1/01/25 | No Opt. Call | Aa2 | 4,918,188 | ||
5,675 | Will County Community High School District 210 Lincoln-Way, Illinois, General Obligation Bonds, Series 2013B, 0.000%, 1/01/30 | No Opt. Call | Baa3 | 4,103,138 | ||
5,000 | Will County, Illinois, General Obligation Bonds, Alternate Revenue Source, Series 2016, 5.000%, 11/15/41 | 11/25 at 100.00 | AA+ | 5,769,100 | ||
Winnebago-Boone Counties School District 205 Rockford, Illinois, General Obligation Bonds, Series 2013: | ||||||
4,070 | 0.000%, 2/01/25 | No Opt. Call | A+ | 3,586,443 | ||
3,855 | 0.000%, 2/01/26 | No Opt. Call | A+ | 3,297,760 | ||
875,195 | Total Illinois | 955,712,647 | ||||
Indiana – 3.4% | ||||||
Carmel Redevelopment Authority, Indiana, County Option Income Tax Lease Rental Revenue Bonds, Refunding Series 2014B: | ||||||
435 | 5.000%, 1/01/20 | No Opt. Call | AA | 439,015 | ||
1,035 | 5.000%, 7/01/20 | No Opt. Call | AA | 1,063,835 | ||
500 | 5.000%, 1/01/21 | No Opt. Call | AA | 523,315 | ||
3,500 | Indiana Finance Authority, Educational Facilities Revenue Bonds, University of Indianapolis Project, Series 2017, 5.000%, 10/01/43 | 4/27 at 100.00 | BBB+ | 3,993,885 | ||
5,710 | Indiana Finance Authority, Hospital Revenue Bonds, Goshen Health, Series 2019B, 2.100%, 11/01/49 (Mandatory Put 11/01/26) | No Opt. Call | A- | 5,770,812 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
$ 12,500 | Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Refunding 2015B, 1.650%, 12/01/42 (Mandatory Put 7/01/22) | 1/22 at 100.00 | AA | $12,544,375 | ||
Indiana Finance Authority, Hospital Revenue Bonds, Major Hospital Project, Series 2014A: | ||||||
1,130 | 3.500%, 10/01/26 | 10/23 at 100.00 | A | 1,184,782 | ||
500 | 5.000%, 10/01/29 | 10/23 at 100.00 | A | 556,855 | ||
4,000 | Indiana Finance Authority, Lease Appropriation Bonds, Stadium Project, Refunding Series 2015A, 5.250%, 2/01/37 | 8/25 at 100.00 | AA+ | 4,789,720 | ||
5,300 | Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2011B, 5.250%, 10/01/24 – AGM Insured | 10/21 at 100.00 | AA | 5,717,163 | ||
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2014A: | ||||||
715 | 5.000%, 10/01/22 | No Opt. Call | AA | 790,947 | ||
620 | 5.000%, 10/01/23 | No Opt. Call | AA | 706,657 | ||
625 | 5.000%, 10/01/24 | No Opt. Call | AA | 733,131 | ||
1,380 | 5.000%, 10/01/25 | 10/24 at 100.00 | AA | 1,620,824 | ||
1,710 | 5.000%, 10/01/26 | 10/24 at 100.00 | AA | 2,005,608 | ||
10,000 | 5.000%, 10/01/40 | 10/24 at 100.00 | AA | 11,472,400 | ||
8,000 | Indiana Finance Authority, Water Utility Revenue Bonds, Citizens Energy Group Project, First Lien Series 2014A, 2.950%, 10/01/22 | 7/22 at 100.00 | AA- | 8,299,840 | ||
1,065 | Indiana Health Facility Financing Authority, Revenue Bonds, Ascension Health Subordinate Credit Group, Series 2005A-8, 1.250%, 11/01/27 (Mandatory Put 5/01/20) | No Opt. Call | AA | 1,064,137 | ||
Indiana Municipal Power Agency, Power Supply System Revenue Bonds, Series 2013A: | ||||||
2,750 | 5.250%, 1/01/33 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A+ (5) | 3,153,590 | ||
2,505 | 5.250%, 1/01/34 (Pre-refunded 7/01/23) | 7/23 at 100.00 | A+ (5) | 2,872,634 | ||
Indianapolis Local Public Improvement Bond Bank, Indiana, Airport Authority Project Revenue Bonds, Refunding Series 2019D: | ||||||
9,000 | 5.000%, 1/01/25 (AMT) | No Opt. Call | A1 | 10,506,420 | ||
4,010 | 5.000%, 1/01/26 (AMT) | No Opt. Call | A1 | 4,791,108 | ||
11,000 | 5.000%, 1/01/27 (AMT) | No Opt. Call | A1 | 13,416,920 | ||
6,000 | 5.000%, 1/01/28 (AMT) | No Opt. Call | A1 | 7,454,880 | ||
2,800 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Refunding Series 2006, 5.500%, 7/01/21 – NPFG Insured | No Opt. Call | AA | 3,001,936 | ||
5,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2007B, 5.250%, 7/01/23 – NPFG Insured | No Opt. Call | AA | 5,698,300 | ||
Indianapolis, Indiana, Gas Utility Distribution System Revenue Bonds, Refunding 2nd Lien Series 2013A: | ||||||
7,900 | 5.250%, 8/15/28 | 8/23 at 100.00 | AA | 8,983,564 | ||
10,000 | 5.250%, 8/15/29 | 8/23 at 100.00 | AA | 11,405,400 | ||
Indianapolis, Indiana, Gas Utility Distribution System Revenue Bonds, Refunding 2nd Lien Series 2017A: | ||||||
12,240 | 5.000%, 8/15/26 | No Opt. Call | AA | 15,140,635 | ||
6,620 | 5.000%, 8/15/27 | No Opt. Call | AA | 8,380,523 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
Indianapolis, Indiana, Thermal Energy System Revenue Bonds, Refunding First Lien Series 2014A: | ||||||
$ 500 | 5.000%, 10/01/27 | 10/24 at 100.00 | A | $579,445 | ||
720 | 5.000%, 10/01/28 | 10/24 at 100.00 | A | 835,150 | ||
1,000 | 5.000%, 10/01/29 | 10/24 at 100.00 | A | 1,158,790 | ||
1,360 | 5.000%, 10/01/31 | 10/24 at 100.00 | A | 1,568,814 | ||
1,215 | 5.000%, 10/01/33 | 10/24 at 100.00 | A | 1,400,761 | ||
Knox County, Indiana, Economic Development Revenue and Refunding Bonds, Good Samaritan Hospital Project, Series 2012A: | ||||||
1,675 | 5.000%, 4/01/21 | No Opt. Call | Ba1 | 1,734,697 | ||
940 | 5.000%, 4/01/22 | No Opt. Call | Ba1 | 995,629 | ||
2,015 | 5.000%, 4/01/24 | 4/22 at 100.00 | Ba1 | 2,131,810 | ||
Lake County Building Corporation, Indiana, First Mortgage Bonds, Series 2012: | ||||||
500 | 4.750%, 2/01/20 | No Opt. Call | N/R | 505,290 | ||
500 | 4.750%, 8/01/20 | No Opt. Call | N/R | 506,860 | ||
250 | 4.750%, 2/01/21 | No Opt. Call | N/R | 255,228 | ||
500 | 4.750%, 8/01/21 | No Opt. Call | N/R | 514,820 | ||
500 | 5.000%, 2/01/22 | No Opt. Call | N/R | 521,310 | ||
500 | 5.000%, 8/01/22 | 2/22 at 100.00 | N/R | 520,950 | ||
500 | 5.000%, 8/01/23 | 2/22 at 100.00 | N/R | 520,025 | ||
500 | 5.000%, 2/01/24 | 2/22 at 100.00 | N/R | 517,570 | ||
33,040 | Richmond Hospital Authority, Indiana, Revenue Bonds, Reid Hospital Project, Refunding Series 2018B, 5.000%, 1/01/36 | 1/27 at 100.00 | A- | 38,442,370 | ||
640 | Southwind Housing Inc, Evansville, Indiana, First Mortgage Revenue Bonds, Series 1978A, 7.125%, 11/15/21 (ETM) | 12/19 at 100.00 | N/R (5) | 681,984 | ||
Vanderburgh County,Indiana, Redevelopment District Tax Increment Revenue bonds, Refunding Series 2014: | ||||||
1,040 | 5.000%, 2/01/25 | 8/24 at 100.00 | A | 1,201,273 | ||
1,000 | 5.000%, 2/01/26 | 8/24 at 100.00 | A | 1,157,850 | ||
1,805 | 5.000%, 2/01/27 | 8/24 at 100.00 | A | 2,080,858 | ||
1,750 | 5.000%, 2/01/29 | 8/24 at 100.00 | A | 2,016,700 | ||
2,700 | 5.000%, 2/01/31 | 8/24 at 100.00 | A | 3,101,058 | ||
7,635 | Whiting, Indiana, Environmental Facilities Refunding Revenue Bonds, BP Products North America Inc Project, Refunidng Series 2019A, 5.000%, 12/01/44 (Mandatory Put 6/05/26) (AMT) | No Opt. Call | A1 | 9,070,227 | ||
25,005 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2015, 5.000%, 11/01/45 (Mandatory Put 11/01/22) (AMT) | No Opt. Call | A1 | 27,467,993 | ||
20,625 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2016A, 5.000%, 3/01/46 (Mandatory Put 3/01/23) (AMT) | No Opt. Call | A1 | 22,836,619 | ||
246,965 | Total Indiana | 280,407,292 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Iowa – 1.1% | ||||||
Ames, Iowa, Hospital Revenue Bonds, Mary Greeley Medical Center, Series 2011: | ||||||
$ 1,015 | 5.250%, 6/15/25 (Pre-refunded 6/15/20) | 6/20 at 100.00 | A2 (5) | $1,042,425 | ||
2,000 | 5.250%, 6/15/26 (Pre-refunded 6/15/20) | 6/20 at 100.00 | A2 (5) | 2,054,040 | ||
3,135 | 5.250%, 6/15/27 (Pre-refunded 6/15/20) | 6/20 at 100.00 | A2 (5) | 3,219,708 | ||
2,000 | 5.375%, 6/15/28 (Pre-refunded 6/15/20) | 6/20 at 100.00 | A2 (5) | 2,055,780 | ||
2,035 | 5.500%, 6/15/29 (Pre-refunded 6/15/20) | 6/20 at 100.00 | A2 (5) | 2,093,527 | ||
1,000 | 5.500%, 6/15/30 (Pre-refunded 6/15/20) | 6/20 at 100.00 | A2 (5) | 1,028,760 | ||
Fort Dodge Community School District, Webster County, Iowa, School Infrastructure Sales, Services, and Use Tax Revenue Bonds, Series 2011: | ||||||
1,830 | 5.000%, 1/01/23 – AGM Insured (Pre-refunded 1/01/21) | 1/21 at 100.00 | AA (5) | 1,914,162 | ||
1,890 | 5.000%, 1/01/24 – AGM Insured (Pre-refunded 1/01/21) | 1/21 at 100.00 | AA (5) | 1,976,921 | ||
1,520 | 5.000%, 1/01/25 – AGM Insured (Pre-refunded 1/01/21) | 1/21 at 100.00 | AA (5) | 1,589,905 | ||
1,000 | 5.000%, 1/01/26 – AGM Insured (Pre-refunded 1/01/21) | 1/21 at 100.00 | AA (5) | 1,045,990 | ||
10,000 | Iowa Finance Authority, Health Facilities Revenue Bonds, UnityPoint Health Project, Series 2013A, 5.250%, 2/15/44 | 2/23 at 100.00 | AA- | 10,847,500 | ||
Iowa Finance Authority, Healthcare Revenue Bonds, Genesis Health System, Series 2013: | ||||||
8,655 | 5.000%, 7/01/27 | 7/23 at 100.00 | A1 | 9,700,870 | ||
6,840 | 5.000%, 7/01/28 | 7/23 at 100.00 | A1 | 7,661,279 | ||
5,025 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 12/20 at 103.00 | B+ | 5,098,365 | ||
1,925 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25 | 12/23 at 100.00 | B+ | 2,101,157 | ||
4,770 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/26, 144A | 10/19 at 105.00 | B+ | 5,014,939 | ||
6,445 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33) | 12/25 at 103.00 | B+ | 6,900,468 | ||
2,000 | Iowa Finance Authority, Single Family Mortgage Revenue Bonds, Series 2019D, 2.600%, 7/01/37 | 1/29 at 100.00 | AAA | 1,971,200 | ||
1,250 | Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, Upper Iowa University Project, Refunding Series 2010, 5.500%, 9/01/25 (Pre-refunded 9/01/20) | 9/20 at 100.00 | N/R (5) | 1,297,288 | ||
2,000 | Iowa State, Special Obligation Bonds, Prison Infrastructure Fund, Refunding Series 2010, 4.500%, 6/15/22 (Pre-refunded 6/15/20) | 6/20 at 100.00 | AA (5) | 2,045,020 | ||
Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C: | ||||||
13,155 | 5.375%, 6/01/38 | 10/19 at 100.00 | B+ | 13,157,894 | ||
2,350 | 5.500%, 6/01/42 | 10/19 at 100.00 | B+ | 2,350,493 | ||
30 | 5.625%, 6/01/46 | 10/19 at 100.00 | B | 30,006 | ||
1,940 | Iowa Tobacco Settlement Authority, Tobacco Asset-Backed Revenue Bonds, Series 2005B, 5.600%, 6/01/34 | 10/19 at 100.00 | BB- | 1,942,716 | ||
83,810 | Total Iowa | 88,140,413 | ||||
Kansas – 0.6% | ||||||
14,655 | Burlington, Kansas, Environmental Improvement Revenue Bonds, Kansas City Power and Light Company Project, Refunding Series 1993A, 2.950%, 12/01/23 | 4/23 at 101.00 | A+ | 15,223,467 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kansas (continued) | ||||||
$ 11,000 | Burlington, Kansas, Environmental Improvement Revenue Bonds, Kansas City Power and Light Company Project, Refunding Series 1993B, 2.950%, 12/01/23 | 4/23 at 101.00 | A+ | $11,426,690 | ||
355 | Johnson County Unified School District 512, Shawnee Mission, Kansas, General Obligation Bonds, Refunding Series 1996, 4.875%, 10/01/19 | No Opt. Call | Aaa | 355,000 | ||
Kansas Development Finance Authority, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Series 2009C: | ||||||
50 | 5.500%, 11/15/23 (Pre-refunded 11/15/19) | 11/19 at 100.00 | N/R (5) | 50,239 | ||
2,150 | 5.500%, 11/15/23 | 11/19 at 100.00 | AA | 2,160,771 | ||
1,850 | Kansas Development Finance Authority, Revenue Bonds, Kansas State Projects, Series 2007K, 4.500%, 11/01/19 – NPFG Insured | 10/19 at 100.00 | Aa3 | 1,854,681 | ||
10,170 | Wichita, Kansas, Hospital Facilities Revenue Refunding and Improvement Bonds, Via Christi Health System Inc, Series 2011A-IV, 5.000%, 11/15/29 (Pre-refunded 11/15/21) | 11/21 at 100.00 | N/R (5) | 10,938,445 | ||
5,265 | Wyandotte County/Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Improvement Series 2012B, 5.000%, 9/01/37 | 9/22 at 100.00 | A | 5,748,748 | ||
Wyandotte County/Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Refunding & Improvement Series 2014A: | ||||||
1,915 | 5.000%, 9/01/21 | No Opt. Call | A | 2,045,469 | ||
660 | 5.000%, 9/01/22 | No Opt. Call | A | 726,799 | ||
1,505 | 5.000%, 9/01/23 | No Opt. Call | A | 1,704,367 | ||
49,575 | Total Kansas | 52,234,676 | ||||
Kentucky – 1.3% | ||||||
3,200 | Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A, 5.000%, 6/01/37 | 6/27 at 100.00 | Baa3 | 3,682,880 | ||
1,795 | Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Medical Health System, Series 2015A, 4.500%, 6/01/46 | 6/25 at 100.00 | Baa3 | 1,897,333 | ||
10 | Kentucky Economic Development Finance Authority, Revenue Bonds, Catholic Health Initiatives, Refunding Series 2009B, 2.700%, 5/01/39 (Mandatory Put 11/10/21) | No Opt. Call | BBB+ | 10,209 | ||
7,000 | Lexington-Fayette Urban County Government Public Facilities Corporation, Kentucky State Lease Revenue Bonds, Eastern State Hospital Project, Series 2011A, 5.250%, 6/01/28 | 6/21 at 100.00 | A1 | 7,379,120 | ||
Louisville Regional Airport Authority, Kentucky, Airport System Revenue Bonds, Refunding Series 2014A: | ||||||
1,320 | 5.000%, 7/01/26 (AMT) | 7/24 at 100.00 | A+ | 1,515,849 | ||
3,280 | 5.000%, 7/01/28 (AMT) | 7/24 at 100.00 | A+ | 3,753,763 | ||
Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health Initiatives, Series 2012A: | ||||||
5,000 | 5.000%, 12/01/27 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (5) | 5,459,350 | ||
10,130 | 5.000%, 12/01/35 | 6/22 at 100.00 | N/R | 11,102,480 | ||
3,800 | 5.000%, 12/01/35 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (5) | 4,149,106 | ||
8,500 | Louisville-Jefferson County Metropolitan Government, Kentucky, Environmental Facilities Revenue, Louisville Gas & Electric Company Project, Refunding Series 2007B, 1.650%, 6/01/33 (Mandatory Put 6/01/21) | No Opt. Call | A1 | 8,530,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky (continued) | ||||||
Murray, Kentucky, Hospital Facilities Revenue Bonds, Murray-Calloway County Public Hospital Corporation Project, Refunding Series 2016: | ||||||
$ 1,005 | 5.000%, 8/01/25 | No Opt. Call | Ba2 | $1,140,343 | ||
1,060 | 5.000%, 8/01/26 | No Opt. Call | Ba2 | 1,217,378 | ||
1,110 | 5.000%, 8/01/27 | 8/26 at 100.00 | Ba2 | 1,272,360 | ||
1,165 | 5.000%, 8/01/28 | 8/26 at 100.00 | Ba2 | 1,335,964 | ||
1,230 | 5.000%, 8/01/29 | 8/26 at 100.00 | Ba2 | 1,409,826 | ||
2,935 | 5.000%, 8/01/37 | 8/26 at 100.00 | Ba2 | 3,264,923 | ||
Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc Project, Improvement and Refunding Series 2011: | ||||||
290 | 6.000%, 3/01/22 (Pre-refunded 3/01/21) | 3/21 at 100.00 | Baa2 (5) | 308,902 | ||
965 | 6.000%, 3/01/22 | 3/21 at 100.00 | Baa2 | 1,016,994 | ||
305 | 6.250%, 3/01/23 (Pre-refunded 3/01/21) | 3/21 at 100.00 | Baa2 (5) | 325,944 | ||
1,015 | 6.250%, 3/01/23 | 3/21 at 100.00 | Baa2 | 1,073,789 | ||
340 | 6.250%, 3/01/24 (Pre-refunded 3/01/21) | 3/21 at 100.00 | Baa2 (5) | 363,348 | ||
1,115 | 6.250%, 3/01/24 | 3/21 at 100.00 | Baa2 | 1,177,975 | ||
8,500 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 4/01/48 (Mandatory Put 4/01/24) | No Opt. Call | A3 | 9,242,560 | ||
12,890 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25) | No Opt. Call | A1 | 14,251,700 | ||
11,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-1, 4.000%, 12/01/49 (Mandatory Put 6/01/25) | No Opt. Call | A | 12,172,600 | ||
University of Kentucky, General Receipts Bonds, Refunding Series 2018A: | ||||||
6,945 | 3.000%, 10/01/34 | 4/26 at 100.00 | AA | 7,228,078 | ||
5,000 | 3.125%, 10/01/37 | 4/26 at 100.00 | AA | 5,193,750 | ||
100,905 | Total Kentucky | 109,477,124 | ||||
Louisiana – 2.6% | ||||||
Calcasieu Parish Memorial Hospital Service District, Louisiana, Revenue Bonds, Lake Charles Memorial Hospital, Refunding Series 2019: | ||||||
15,510 | 5.000%, 12/01/34 | 12/29 at 100.00 | BB+ | 18,620,841 | ||
3,550 | 5.000%, 12/01/39 | 12/29 at 100.00 | BB+ | 4,187,544 | ||
East Baton Rouge Sewerage Commission, Louisiana, Revenue Bonds, Refunding Series 2014B: | ||||||
970 | 5.000%, 2/01/23 | No Opt. Call | AA | 1,084,082 | ||
540 | 5.000%, 2/01/24 | No Opt. Call | AA | 621,734 | ||
800 | 5.000%, 2/01/25 | No Opt. Call | AA | 947,560 | ||
585 | Jefferson Parish Hospital Service District 2, Louisiana, Hospital Revenue Bonds, East Jefferson General Hospital, Refunding Series 2011, 6.250%, 7/01/31 | 7/21 at 100.00 | B | 601,836 | ||
475 | Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2012, 5.000%, 6/01/24 – AGM Insured (Pre-refunded 6/01/22) | 6/22 at 100.00 | AA (5) | 521,256 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2016A: | ||||||
$ 17,490 | 5.000%, 6/01/25 | No Opt. Call | A1 | $20,832,339 | ||
16,740 | 5.000%, 6/01/26 | No Opt. Call | A1 | 20,455,610 | ||
Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, East Baton Rouge Sewerage Commission Projects, Subordinate Lien Series 2014A: | ||||||
2,280 | 5.000%, 2/01/28 | 2/24 at 100.00 | AA- | 2,607,932 | ||
2,850 | 5.000%, 2/01/29 | 2/24 at 100.00 | AA- | 3,260,257 | ||
2,000 | 5.000%, 2/01/30 | 2/24 at 100.00 | AA- | 2,282,880 | ||
19,830 | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Refunding Series 2017, 3.500%, 11/01/32 | 11/27 at 100.00 | BBB | 21,119,743 | ||
1,000 | Louisiana Public Facilities Authority, Revenue Bonds, Archdiocese of New Orleans, Refunding Series 2017, 5.000%, 7/01/37 | 7/27 at 100.00 | A+ | 1,140,070 | ||
3,210 | Louisiana Public Facilities Authority, Revenue Bonds, Entergy Louisiana, LLC Project, Refunding Series 2016A, 3.375%, 9/01/28 | 3/21 at 100.00 | A | 3,260,846 | ||
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2016: | ||||||
25 | 5.000%, 5/15/30 (Pre-refunded 5/15/26) | 5/26 at 100.00 | N/R (5) | 30,441 | ||
1,055 | 5.000%, 5/15/30 | 5/26 at 100.00 | A3 | 1,247,865 | ||
30 | 5.000%, 5/15/32 (Pre-refunded 5/15/26) | 5/26 at 100.00 | N/R (5) | 36,529 | ||
3,410 | 5.000%, 5/15/32 | 5/26 at 100.00 | A3 | 3,998,941 | ||
40 | 5.000%, 5/15/33 (Pre-refunded 5/15/26) | 5/26 at 100.00 | N/R (5) | 48,706 | ||
3,660 | 5.000%, 5/15/33 | 5/26 at 100.00 | A3 | 4,278,796 | ||
Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2017: | ||||||
1,265 | 5.000%, 5/15/28 | 5/27 at 100.00 | A3 | 1,537,810 | ||
1,000 | 5.000%, 5/15/29 | 5/27 at 100.00 | A3 | 1,210,640 | ||
1,155 | 5.000%, 5/15/30 | 5/27 at 100.00 | A3 | 1,391,140 | ||
1,750 | 5.000%, 5/15/31 | 5/27 at 100.00 | A3 | 2,096,885 | ||
3,210 | 5.000%, 5/15/42 | 5/27 at 100.00 | A3 | 3,736,440 | ||
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A: | ||||||
1,050 | 5.000%, 7/01/22 | No Opt. Call | AA- | 1,151,209 | ||
3,120 | 5.000%, 7/01/29 | 7/23 at 100.00 | AA- | 3,502,886 | ||
5,000 | 5.000%, 7/01/31 | 7/23 at 100.00 | AA- | 5,600,100 | ||
3,835 | 5.000%, 7/01/32 | 7/23 at 100.00 | AA- | 4,289,678 | ||
15,000 | Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2012A-1, 4.000%, 5/01/31 | 5/22 at 100.00 | Aa2 | 15,925,350 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Louisiana State, Unclaimed Property Special Revenue Bonds, Interstate 49 North Project, Series 2013: | ||||||
$ 1,165 | 5.000%, 9/01/29 | 9/23 at 100.00 | A+ | $1,312,314 | ||
5,070 | 5.000%, 9/01/31 | 9/23 at 100.00 | A+ | 5,706,843 | ||
4,000 | 5.000%, 9/01/32 | 9/23 at 100.00 | A+ | 4,495,120 | ||
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2012: | ||||||
4,140 | 5.000%, 12/01/19 | No Opt. Call | AA- | 4,164,260 | ||
3,940 | 5.000%, 12/01/20 | No Opt. Call | AA- | 4,103,589 | ||
5,400 | 5.000%, 12/01/21 | No Opt. Call | AA- | 5,802,246 | ||
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2015: | ||||||
1,000 | 5.000%, 12/01/22 | No Opt. Call | AA- | 1,107,650 | ||
870 | 5.000%, 12/01/23 | No Opt. Call | AA- | 991,148 | ||
1,020 | 5.000%, 12/01/24 | No Opt. Call | AA- | 1,193,145 | ||
480 | 5.000%, 12/01/25 | No Opt. Call | AA- | 575,170 | ||
775 | 5.000%, 12/01/27 | 12/25 at 100.00 | AA- | 921,173 | ||
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Refunding Series 2014: | ||||||
1,200 | 5.000%, 6/01/20 | No Opt. Call | A | 1,227,456 | ||
250 | 5.000%, 6/01/24 | No Opt. Call | A | 286,963 | ||
605 | 5.000%, 6/01/25 | 6/24 at 100.00 | A | 694,123 | ||
500 | 5.000%, 6/01/26 | 6/24 at 100.00 | A | 573,220 | ||
600 | 5.000%, 6/01/27 | 6/24 at 100.00 | A | 686,754 | ||
380 | 5.000%, 6/01/28 | 6/24 at 100.00 | A | 434,291 | ||
580 | 5.000%, 6/01/29 | 6/24 at 100.00 | A | 662,180 | ||
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Series 2015: | ||||||
385 | 5.000%, 6/01/30 | 6/25 at 100.00 | A | 448,868 | ||
775 | 5.000%, 6/01/32 | 6/25 at 100.00 | A | 901,829 | ||
1,000 | 5.000%, 6/01/33 | 6/25 at 100.00 | A | 1,159,940 | ||
1,040 | 5.000%, 6/01/35 | 6/25 at 100.00 | A | 1,199,286 | ||
500 | Port New Orleans Board of Commissioners, Louisiana, Revenue Bonds, Port Facilities, Refunding Series 2013B, 5.000%, 4/01/30 (AMT) | 4/23 at 100.00 | A | 550,670 | ||
6,585 | Saint Charles Parish, Louisiana, Gulf Opportunity Zone Revenue Bonds, Valero Project, Series 2010, 4.000%, 12/01/40 (Mandatory Put 6/01/22) | No Opt. Call | BBB | 6,944,212 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Shreveport, Louisiana, Water and Sewer Revenue Bonds, Junior Lien Series 2019B: | ||||||
$ 630 | 3.000%, 12/01/22 – AGM Insured | No Opt. Call | AA | $659,629 | ||
760 | 5.000%, 12/01/26 – AGM Insured | No Opt. Call | AA | 932,300 | ||
750 | 5.000%, 12/01/28 – AGM Insured | No Opt. Call | AA | 946,035 | ||
1,450 | 5.000%, 12/01/29 – AGM Insured | 12/28 at 100.00 | AA | 1,827,087 | ||
1,000 | 5.000%, 12/01/30 – AGM Insured | 12/28 at 100.00 | AA | 1,256,000 | ||
975 | 5.000%, 12/01/31 – AGM Insured | 12/28 at 100.00 | AA | 1,219,442 | ||
1,150 | 5.000%, 12/01/32 – AGM Insured | 12/28 at 100.00 | AA | 1,430,508 | ||
1,630 | 4.000%, 12/01/33 – AGM Insured | 12/28 at 100.00 | AA | 1,875,885 | ||
6,180 | 3.000%, 12/01/35 – AGM Insured | 12/28 at 100.00 | AA | 6,419,104 | ||
2,075 | 4.000%, 12/01/36 – AGM Insured | 12/28 at 100.00 | AA | 2,355,374 | ||
565 | 4.000%, 12/01/44 – AGM Insured | 12/28 at 100.00 | AA | 627,195 | ||
191,860 | Total Louisiana | 217,318,955 | ||||
Maine – 0.2% | ||||||
1,100 | Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2013, 5.000%, 7/01/43 | 7/23 at 100.00 | BBB | 1,184,777 | ||
Maine Health and Higher Educational Facilities Authority Revenue Bonds, Eastern Maine Medical Center Obligated Group Issue, Series 2016A: | ||||||
4,220 | 4.000%, 7/01/41 | 7/26 at 100.00 | BBB | 4,420,408 | ||
5,650 | 4.000%, 7/01/46 | 7/26 at 100.00 | BBB | 5,895,605 | ||
Maine Health and Higher Educational Facilities Authority, Revenue Bonds, Maine General Medical Center, Series 2011: | ||||||
1,000 | 6.750%, 7/01/36 | 7/21 at 100.00 | BB | 1,079,060 | ||
3,850 | 6.750%, 7/01/41 | 7/21 at 100.00 | BB | 4,142,215 | ||
Portland, Maine, General Airport Revenue Bonds, Refunding Series 2013: | ||||||
225 | 4.000%, 7/01/20 | No Opt. Call | BBB+ | 228,686 | ||
290 | 5.000%, 7/01/22 | No Opt. Call | BBB+ | 314,676 | ||
Regional School Unit 1 Lower Kennebec Regional School Unit Bath, Maine, General Obligation Bonds, Series 2019: | ||||||
1,000 | 3.000%, 11/01/33 | 11/29 at 100.00 | AA | 1,063,420 | ||
1,000 | 3.000%, 11/01/34 | 11/29 at 100.00 | AA | 1,055,840 | ||
1,000 | 3.250%, 11/01/35 | 11/29 at 100.00 | AA | 1,075,570 | ||
19,335 | Total Maine | 20,460,257 | ||||
Maryland – 1.0% | ||||||
Baltimore County, Maryland, Revenue Bonds, Oak Crest Village, Series 2016: | ||||||
1,270 | 3.250%, 1/01/31 | 1/26 at 100.00 | A | 1,341,158 | ||
3,365 | 5.000%, 1/01/37 | 1/26 at 100.00 | A | 3,912,822 | ||
Baltimore, Maryland, Convention Center Hotel Revenue Bonds, Refunding Series 2017: | ||||||
1,160 | 5.000%, 9/01/26 | No Opt. Call | BBB- | 1,389,958 | ||
1,760 | 5.000%, 9/01/27 | No Opt. Call | BBB- | 2,131,958 | ||
2,655 | 5.000%, 9/01/29 | 9/27 at 100.00 | BBB- | 3,177,292 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Maryland (continued) | ||||||
Baltimore, Maryland, Revenue Bonds, Water Projects, Series 2013A: | ||||||
$ 500 | 5.000%, 7/01/21 | No Opt. Call | AA- | $532,295 | ||
1,000 | 5.000%, 7/01/26 | 1/24 at 100.00 | AA- | 1,149,690 | ||
1,715 | 5.000%, 7/01/27 | 1/24 at 100.00 | AA- | 1,970,912 | ||
4,000 | Maryland Community Development Administration Department of Housing and Community Development, Residential Revenue Bonds, Series 2019A, 3.750%, 9/01/39 | 3/28 at 100.00 | Aa2 | 4,293,960 | ||
250 | Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation Facilities Project, Series 2010A, 5.750%, 6/01/35 (Pre-refunded 6/01/20) | 6/20 at 100.00 | N/R (5) | 257,293 | ||
12,500 | Maryland Economic Development Corporation, Pollution Control Revenue Bonds, Potomac Electric Power Company, Refunding Series 2019, 1.700%, 9/01/22 | No Opt. Call | A- | 12,570,875 | ||
1,000 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, College Park Project, Refunding Series 2016, 5.000%, 6/01/28 – AGM Insured | 6/26 at 100.00 | AA | 1,213,900 | ||
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Mercy Medical Center, Series 2016A: | ||||||
750 | 5.000%, 7/01/32 | 7/26 at 100.00 | BBB | 878,483 | ||
2,250 | 5.000%, 7/01/33 | 7/26 at 100.00 | BBB | 2,630,497 | ||
1,650 | 5.000%, 7/01/34 | 7/26 at 100.00 | BBB | 1,922,415 | ||
2,000 | 5.000%, 7/01/35 | 7/26 at 100.00 | BBB | 2,322,200 | ||
1,570 | 5.000%, 7/01/36 | 7/26 at 100.00 | BBB | 1,817,055 | ||
1,260 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, University of Maryland Medical System, Series 2010, 5.250%, 7/01/24 | 10/19 at 100.00 | A | 1,261,109 | ||
7,825 | Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland Health, Series 2014, 5.250%, 7/01/25 | 7/24 at 100.00 | BBB | 9,051,099 | ||
9,805 | Maryland State, General Obligation Bonds, State and Local Facilities Loan, First Series 2016, 4.000%, 6/01/27 | 6/24 at 100.00 | AAA | 11,014,741 | ||
11,335 | Prince George's County, Maryland, General Obligation Consolidated Public Improvement Bonds, Series 2019A, 5.000%, 7/15/28 | No Opt. Call | AAA | 14,701,382 | ||
2,155 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, TEMPS 45 Series 2017C-3, 2.500%, 11/01/24 | 10/19 at 100.00 | BB | 2,155,927 | ||
1,805 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, TEMPS 70 Series 2017C-2, 3.000%, 11/01/25 | 5/20 at 100.00 | BB | 1,814,819 | ||
1,005 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, TEMPS 85 Series 2017C-1, 3.500%, 11/01/26 | 5/20 at 100.00 | BB | 1,012,487 | ||
74,585 | Total Maryland | 84,524,327 | ||||
Massachusetts – 1.0% | ||||||
900 | Massachusetts Bay Transportation Authority, General Obligation Transportation System Bonds, Series 1991A, 7.000%, 3/01/21 – NPFG Insured | No Opt. Call | Aa1 | 948,033 | ||
10,000 | Massachusetts Bay Transportation Authority, Sales Tax Revenue Bonds, Refunding Senior Lien Series 2004B, 5.250%, 7/01/20 | No Opt. Call | AA | 10,296,400 | ||
1,570 | Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Commonwealth Contract Assistance Secured, Series 2010B, 5.000%, 1/01/35 | 1/20 at 100.00 | AA+ | 1,583,612 | ||
6,750 | Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2010B, 5.000%, 1/01/37 | 1/20 at 100.00 | A+ | 6,811,762 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
Massachusetts Development Finance Agency Revenue Bonds, Lawrence General Hospital Issue, Series 2014A: | ||||||
$ 835 | 5.000%, 7/01/26 | 7/24 at 100.00 | BB | $929,038 | ||
680 | 5.000%, 7/01/27 | 7/24 at 100.00 | BB | 756,248 | ||
925 | 5.000%, 7/01/28 | 7/24 at 100.00 | BB | 1,026,343 | ||
960 | 5.000%, 7/01/29 | 7/24 at 100.00 | BB | 1,063,526 | ||
4,800 | Massachusetts Development Finance Agency Revenue Refunding Bonds, NewBridge on the Charles, Inc Issue, Series 2017, 4.000%, 10/01/32, 144A | 10/22 at 105.00 | BB+ | 5,156,736 | ||
2,370 | Massachusetts Development Finance Agency, Health Care Facility Revenue Bonds, Adventcare Project, Series 2007A, 6.650%, 10/15/28 | 10/19 at 100.00 | N/R | 2,361,966 | ||
14,385 | Massachusetts Development Finance Agency, Revenue Bonds, Atrius Health Issue, Series 2019A, 5.000%, 6/01/39 | 6/29 at 100.00 | BBB | 17,390,314 | ||
1,530 | Massachusetts Development Finance Agency, Revenue Bonds, Boston Medical Center Issue, Series 2016E, 3.375%, 7/01/36 | 7/26 at 100.00 | BBB | 1,565,282 | ||
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2: | ||||||
2,255 | 5.000%, 7/01/33 | 7/28 at 100.00 | A | 2,791,059 | ||
1,085 | 5.000%, 7/01/38 | 7/28 at 100.00 | A | 1,319,816 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Simmons University Issue, Series 2018L: | ||||||
1,080 | 5.000%, 10/01/30 | 10/28 at 100.00 | BBB+ | 1,341,781 | ||
1,240 | 5.000%, 10/01/31 | 10/28 at 100.00 | BBB+ | 1,529,354 | ||
1,765 | 5.000%, 10/01/32 | 10/28 at 100.00 | BBB+ | 2,166,432 | ||
4,250 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care Obligated Group Issue, Series 2017L, 3.625%, 7/01/37 | 7/27 at 100.00 | A- | 4,476,610 | ||
4,125 | Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A, 4.000%, 7/01/37 | 1/29 at 100.00 | BBB+ | 4,549,545 | ||
Massachusetts Development Finance Authority, Revenue Bonds, Suffolk University, Series 2010: | ||||||
915 | 4.500%, 7/01/21 | 7/20 at 100.00 | Baa2 | 935,834 | ||
1,780 | 4.500%, 7/01/22 | 7/20 at 100.00 | Baa2 | 1,819,356 | ||
1,705 | 4.625%, 7/01/23 | 7/20 at 100.00 | Baa2 | 1,743,772 | ||
2,485 | Massachusetts Housing Finance Agency, Single Family Housing Revenue Bonds, Series 2014-171, 3.850%, 12/01/34 | 6/24 at 100.00 | AA+ | 2,492,604 | ||
6,540 | Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2014A, 5.000%, 6/01/44 | 6/24 at 100.00 | AA+ | 7,390,788 | ||
74,930 | Total Massachusetts | 82,446,211 | ||||
Michigan – 1.2% | ||||||
Detroit Downtown Development Authority, Michigan, Tax Increment Refunding Bonds, Development Area 1 Projects, Series 1996B: | ||||||
3,050 | 0.000%, 7/01/22 | No Opt. Call | BB+ | 2,725,267 | ||
2,650 | 0.000%, 7/01/23 | No Opt. Call | BB+ | 2,259,496 | ||
2,880 | 0.000%, 7/01/24 | No Opt. Call | BB+ | 2,335,882 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
$ 355 | Marquettte, Michigan, Electric Utility System Revenue Bonds, Refunding Series 2016A, 5.000%, 7/01/30 | 7/26 at 100.00 | AA- | $425,318 | ||
4,850 | Michigan Finance Authority, Local Government Loan Program Revenue Bonds, Detroit Water & Sewerage Department Sewage Disposal System Local Project, Second Lien Series 2015C, 5.000%, 7/01/34 | 7/25 at 100.00 | A | 5,647,582 | ||
8,570 | Michigan Finance Authority, Revenue Bonds, Ascension Senior Credit Group, Refunding Series 2016E-1, 4.000%, 11/15/44 (Mandatory Put 8/15/24) | No Opt. Call | AA+ | 9,558,807 | ||
3,540 | Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Group, Series 2010B, 5.000%, 11/15/23 | 11/19 at 100.00 | AA+ | 3,555,222 | ||
2,450 | Michigan Housing Development Authority, Rental Housing Revenue Bonds, Series 2018A, 3.800%, 10/01/38 | 10/27 at 100.00 | AA | 2,637,793 | ||
4,000 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Fixed Rate Series 2018C, 3.650%, 12/01/39 | 6/28 at 100.00 | AA+ | 4,271,800 | ||
5,000 | Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-I-A, 5.000%, 10/15/28 | 10/21 at 100.00 | Aa2 | 5,349,850 | ||
5,425 | Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series 2011-II-A, 5.000%, 10/15/28 | 10/21 at 100.00 | Aa2 | 5,804,587 | ||
1,600 | Michigan State Trunk Line Fund Refunding Bonds, Series 2009, 5.000%, 11/01/23 | 11/19 at 100.00 | AA+ | 1,604,688 | ||
4,750 | Romulus Community Schools, Wayne County, Michigan, General Obligation Bonds, Refunding Series 2013, 5.000%, 5/01/22 | No Opt. Call | Aa1 | 5,168,047 | ||
Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D: | ||||||
1,000 | 5.000%, 9/01/26 | 3/24 at 100.00 | A+ | 1,150,600 | ||
2,000 | 5.000%, 9/01/27 | 3/24 at 100.00 | A+ | 2,297,060 | ||
2,555 | 5.000%, 9/01/28 | 3/24 at 100.00 | A+ | 2,930,815 | ||
3,770 | 5.000%, 9/01/29 | 3/24 at 100.00 | A+ | 4,315,858 | ||
5,000 | 5.000%, 9/01/30 | 3/24 at 100.00 | A+ | 5,709,600 | ||
2,270 | 5.000%, 9/01/31 | 3/24 at 100.00 | A+ | 2,586,098 | ||
Walled Lake Consolidated School District, Oakland County, Michigan, General Obligation Bonds, Refunding Series 2011: | ||||||
4,885 | 5.000%, 5/01/20 | No Opt. Call | Aa1 | 4,987,438 | ||
4,845 | 5.000%, 5/01/21 | 11/20 at 100.00 | Aa1 | 5,043,112 | ||
3,845 | 5.000%, 5/01/22 | 11/20 at 100.00 | Aa1 | 3,996,762 | ||
Wayne County Airport Authority, Michigan, Revenue Bonds, Detroit Metropolitan Wayne County Airport, Refunding Series 2015F: | ||||||
3,750 | 5.000%, 12/01/32 (AMT) | 12/25 at 100.00 | A | 4,381,575 | ||
5,295 | 5.000%, 12/01/33 (AMT) | 12/25 at 100.00 | A | 6,176,565 | ||
5,000 | 5.000%, 12/01/34 (AMT) | 12/25 at 100.00 | A | 5,819,350 | ||
93,335 | Total Michigan | 100,739,172 | ||||
Minnesota – 0.6% | ||||||
1,710 | Cass Lake Independent School District 115, Minnesota, General Obligation Bonds, School Building Refunding Series 2010A, 5.000%, 2/01/27 | 2/20 at 100.00 | AAA | 1,730,469 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
Duluth Economic Development Authority, Minnesota, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Series 2018A: | ||||||
$ 885 | 5.000%, 2/15/33 | 2/28 at 100.00 | A- | $1,071,160 | ||
1,085 | 5.000%, 2/15/37 | 2/28 at 100.00 | A- | 1,299,266 | ||
8,390 | 4.250%, 2/15/43 | 2/28 at 100.00 | A- | 9,332,449 | ||
55 | 4.250%, 2/15/48 | 2/28 at 100.00 | A- | 60,647 | ||
3,775 | Minneapolis, Minnesota, General Obligation Bonds, Improvement & Various Purpose Series 2019, 2.000%, 12/01/27 | 12/25 at 100.00 | AAA | 3,850,424 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A: | ||||||
2,590 | 5.000%, 1/01/25 | 1/24 at 100.00 | A+ | 2,979,432 | ||
2,005 | 5.000%, 1/01/32 | 1/24 at 100.00 | A+ | 2,272,708 | ||
3,000 | Minnesota State, General Obligation Bonds, Various Purpose Series 2015A, 5.000%, 8/01/22 | No Opt. Call | AAA | 3,313,620 | ||
8,790 | Minnesota State, General Obligation Bonds, Various Purpose Series 2016A, 5.000%, 8/01/20 | No Opt. Call | AAA | 9,061,347 | ||
425 | Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Series 2013A, 4.000%, 1/01/28 | 1/23 at 100.00 | A- | 453,938 | ||
1,150 | Rochester, Minnesota, Health Care Facilities Revenue Bonds, Olmsted Medical Center Project, Series 2013, 5.000%, 7/01/33 | 7/23 at 100.00 | A | 1,259,963 | ||
2,060 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/23 | No Opt. Call | AA- | 2,312,886 | ||
Saint Paul Housing and Redevelopment Authority, Minnesota, Health Care Revenue Bonds, Allina Health System, Series 2009A-1: | ||||||
525 | 5.000%, 11/15/24 (Pre-refunded 11/15/19) | 11/19 at 100.00 | N/R (5) | 527,289 | ||
490 | 5.000%, 11/15/24 | 11/19 at 100.00 | AA- | 492,107 | ||
6,580 | Saint Paul Independent School District 625, Ramsey County, Minnesota, Certificates of Participation, Series 2018B, 3.500%, 2/01/39 | 2/27 at 100.00 | AAA | 6,897,880 | ||
200 | Saint Paul Port Authority, Minnesota, Lease Revenue Bonds, Regions Hospital Parking Ramp Project, Series 2007-1, 5.000%, 8/01/21 | 10/19 at 100.00 | N/R | 200,690 | ||
43,715 | Total Minnesota | 47,116,275 | ||||
Mississippi – 0.5% | ||||||
6,570 | Mississippi Business Finance Corporation, Pollution Control Revenue, Mississippi Power, Series 2002, 3.200%, 9/01/28 | 3/24 at 100.00 | A- | 6,740,031 | ||
8,190 | Mississippi Business Finance Corporation, Revenue Bonds, Mississippi Power Company Project, First Series 2010, 2.750%, 12/01/40 (Mandatory Put 12/09/21) | No Opt. Call | A- | 8,316,617 | ||
13,545 | Mississippi Business Finance Corporation, Revenue Bonds, System Energy Resources, Inc Project, Refunding Series 2019, 2.500%, 4/01/22 | 4/21 at 100.00 | BBB+ | 13,576,831 | ||
8,870 | Mississippi State, General Obligation Bonds, Series 2013B, 5.000%, 12/01/28 (Pre-refunded 12/01/23) | 12/23 at 100.00 | AA (5) | 10,219,216 | ||
37,175 | Total Mississippi | 38,852,695 | ||||
Missouri – 0.7% | ||||||
1,390 | Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2016A, 6.000%, 3/01/33 | 3/23 at 103.00 | BBB- | 1,596,888 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
$ 1,100 | Great Rivers Greenway Metropolitan Park & Recreation District, Missouri, Sales Tax Appropriation Bonds, Gateway Arch Project, Series 2014, 3.000%, 12/30/24 | 12/23 at 100.00 | A+ | $1,167,782 | ||
1,000 | Grundy County Industrial Development Authority, Missouri, Health Facility Revenue Bonds, Wright Memorial Hospital, Series 2009, 5.600%, 9/01/21 | 10/19 at 100.00 | BBB- | 1,002,620 | ||
Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019B: | ||||||
1,250 | 5.000%, 3/01/32 (AMT) | 3/29 at 100.00 | A | 1,551,650 | ||
2,250 | 5.000%, 3/01/33 (AMT) | 3/29 at 100.00 | A | 2,782,665 | ||
2,485 | Kansas City Industrial Development Authority, Missouri, Airport Special Obligation Bonds, Kansas City International Airport Terminal Modernization Project, Series 2019C, 5.000%, 3/01/33 | 3/29 at 100.00 | A | 3,133,535 | ||
10,305 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Refunding Series 1998A, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 10,555,515 | ||
10,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 10,243,500 | ||
15,060 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998C, 2.750%, 9/01/33 | 6/27 at 102.00 | A | 15,231,835 | ||
1,465 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013, 5.250%, 5/01/33 | 5/23 at 100.00 | BBB | 1,586,639 | ||
220 | Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2015B, 4.000%, 5/01/32 | 11/23 at 100.00 | BBB | 227,946 | ||
1,390 | Missouri Health and Educational Facilities Authority, Revenue Bonds, AT Still University of Health Sciences, Series 2014, 4.250%, 10/01/32 | 10/23 at 100.00 | A- | 1,492,957 | ||
Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Iatan 2 Project, Refunding Series 2014A: | ||||||
1,330 | 5.000%, 1/01/25 | 1/24 at 100.00 | A2 | 1,523,422 | ||
2,525 | 5.000%, 1/01/26 | 1/24 at 100.00 | A2 | 2,890,645 | ||
1,000 | 5.000%, 1/01/32 | 1/24 at 100.00 | A2 | 1,133,470 | ||
4,150 | Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A, 5.000%, 1/01/23 | No Opt. Call | A | 4,619,240 | ||
1,155 | Stoddard County Industrial Development Authority, Missouri, Health Facility Revenue Bonds, Southeasthealth, Series 2016B, 6.000%, 3/01/37 | 3/23 at 103.00 | BBB- | 1,320,558 | ||
58,075 | Total Missouri | 62,060,867 | ||||
Montana – 0.5% | ||||||
750 | Bozeman, Montana, General Obligation Bonds, Series 2019, 2.375%, 7/01/38 | 7/29 at 100.00 | Aa1 | 717,630 | ||
1,500 | Cascade County High School District A Great Falls, Montana, General Obligation Bonds, School Buidling Series 2018, 5.000%, 7/01/38 | 7/28 at 100.00 | A+ | 1,840,665 | ||
35,095 | Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds, Northwestern Corporation Colstrip Project, Series 2016, 2.000%, 8/01/23 | No Opt. Call | A | 35,665,645 | ||
1,000 | Gallatin County School District 44 Belgrade, Montana, General Obligation Bonds, School Building Series 2019, 4.000%, 6/01/33 | 6/29 at 100.00 | A+ | 1,166,460 | ||
550 | Montana Facilities Finance Authority, Montana, Health Facilities Reveue Bonds, Bozeman Deaconess Health Services Obligated Group, Series 2018, 3.250%, 6/01/32 | 6/28 at 100.00 | A | 588,362 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Montana (continued) | ||||||
$ 2,500 | Montana Facility Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Camposite Deal Series 2010B, 5.000%, 1/01/24 | 1/20 at 100.00 | AA- | $ 2,522,875 | ||
41,395 | Total Montana | 42,501,637 | ||||
Nebraska – 1.3% | ||||||
5,000 | Central Plains Energy Project, Nebraska, Gas Project 4 Revenue Bonds, Series 2018A, 5.000%, 3/01/50 (Mandatory Put 1/01/24) | No Opt. Call | A | 5,593,350 | ||
1,130 | Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Immanuel Obligated Group, Refunding Series 2010, 5.125%, 1/01/23 | 1/20 at 100.00 | AA | 1,139,775 | ||
9,350 | Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014, 5.000%, 5/15/44 | 5/24 at 100.00 | BBB+ | 10,324,177 | ||
665 | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Public Schools Series 2012, 4.000%, 6/15/23 | 6/22 at 100.00 | AA- | 715,114 | ||
370 | Douglas County School District 10 Elkhorn, Nebraska, General Obligation Bonds, Public Schools Series 2015, 5.000%, 12/15/22 | No Opt. Call | AA- | 412,765 | ||
1,000 | Lancaster County Hospital Authority 1, Nebraska, Health Facilities Revenue Bonds, Immanuel Obligated Group, Refunding Series 2010, 5.125%, 1/01/23 | 1/20 at 100.00 | AA | 1,008,650 | ||
5,910 | Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012, 5.000%, 11/01/32 | 11/21 at 100.00 | A- | 6,251,066 | ||
Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Series 2018: | ||||||
540 | 5.000%, 7/01/23 | No Opt. Call | BBB | 600,880 | ||
1,250 | 5.000%, 7/01/24 | No Opt. Call | BBB | 1,426,263 | ||
530 | 5.000%, 7/01/25 | No Opt. Call | BBB | 619,300 | ||
750 | 5.000%, 7/01/26 | 7/25 at 100.00 | BBB | 874,650 | ||
200 | 5.000%, 7/01/27 | 7/25 at 100.00 | BBB | 232,762 | ||
835 | 5.000%, 7/01/28 | 7/25 at 100.00 | BBB | 970,095 | ||
485 | 5.000%, 7/01/29 | 7/25 at 100.00 | BBB | 562,144 | ||
1,000 | 5.000%, 7/01/30 | 7/25 at 100.00 | BBB | 1,155,510 | ||
180 | 5.000%, 7/01/33 | 7/25 at 100.00 | BBB | 206,530 | ||
13,725 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2015C, 3.900%, 9/01/35 | 9/24 at 100.00 | AA+ | 14,532,853 | ||
3,980 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2018C, 3.750%, 9/01/38 | 9/27 at 100.00 | AA+ | 4,277,624 | ||
18,380 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2019A, 3.600%, 9/01/44 | 3/28 at 100.00 | AA+ | 19,410,750 | ||
Nebraska Public Power District, General Revenue Bonds, Series 2012A: | ||||||
1,485 | 5.000%, 1/01/23 | 1/22 at 100.00 | A+ | 1,605,641 | ||
1,510 | 5.000%, 1/01/24 | 1/22 at 100.00 | A+ | 1,630,921 | ||
950 | 5.000%, 1/01/25 | 1/22 at 100.00 | A+ | 1,024,756 | ||
645 | Papillion-LaVista School District 27, Sarpy County, Nebraska, General Obligation Bonds, Series 2014, 5.000%, 12/01/22 | No Opt. Call | Aa2 | 719,310 | ||
8,000 | Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2016A, 5.000%, 1/01/32 | 7/26 at 100.00 | A2 | 9,498,320 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nebraska (continued) | ||||||
Sarpy County School District 037 Gretna Public Schools, Nebraska, General Obligation Bonds, Refunding Series 2019: | ||||||
$ 1,020 | 5.000%, 6/15/26 | No Opt. Call | AA- | $1,246,868 | ||
1,270 | 5.000%, 6/15/27 | No Opt. Call | AA- | 1,588,110 | ||
1,360 | 5.000%, 6/15/28 | No Opt. Call | AA- | 1,733,755 | ||
1,460 | 5.000%, 6/15/29 | No Opt. Call | AA- | 1,893,912 | ||
1,760 | 4.000%, 6/15/33 | 6/29 at 100.00 | AA- | 2,057,194 | ||
Scotts Bluff County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Regional West Medical Center Project, Refunding & Improvement Series 2016A: | ||||||
3,660 | 5.250%, 2/01/28 | 2/27 at 100.00 | BBB | 4,228,764 | ||
1,355 | 5.250%, 2/01/29 | 2/27 at 100.00 | BBB | 1,565,824 | ||
6,000 | Southeast Community College Area, Nebraska, Certificates of Participation, Series 2018, 3.375%, 12/15/37 | 6/28 at 100.00 | Aa1 | 6,339,720 | ||
95,755 | Total Nebraska | 105,447,353 | ||||
Nevada – 1.3% | ||||||
Clark County, Nevada, Airport Revenue Bonds, Jet Aviation Fuel Tax, Refunding Series 2013A: | ||||||
2,000 | 5.000%, 7/01/22 (AMT) | No Opt. Call | A+ | 2,188,240 | ||
1,050 | 5.000%, 7/01/23 (AMT) | 1/23 at 100.00 | A+ | 1,165,899 | ||
1,905 | 5.000%, 7/01/24 (AMT) | 1/23 at 100.00 | A+ | 2,114,626 | ||
8,220 | Clark County, Nevada, Airport Revenue Bonds, Junior Subordinate Lien Notes Series 2018A, 5.000%, 7/01/21 | No Opt. Call | A+ | 8,745,011 | ||
21,050 | Clark County, Nevada, Airport Revenue Bonds, Subordinate Lien Series 2010B, 5.750%, 7/01/42 | 1/20 at 100.00 | Aa3 | 21,267,657 | ||
5,275 | Clark County, Nevada, General Obligation Bonds, Refunding Flood Control Series 2014, 4.000%, 11/01/33 | 11/24 at 100.00 | AA+ | 5,822,017 | ||
Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016: | ||||||
1,750 | 4.000%, 9/01/32 | 9/26 at 100.00 | N/R | 1,802,203 | ||
2,275 | 4.000%, 9/01/35 | 9/26 at 100.00 | N/R | 2,322,866 | ||
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C: | ||||||
1,550 | 5.000%, 6/01/23 | 6/21 at 100.00 | AA+ | 1,645,527 | ||
1,000 | 5.000%, 6/01/24 | 6/21 at 100.00 | AA+ | 1,061,290 | ||
12,450 | 5.000%, 6/01/25 | 6/21 at 100.00 | AA+ | 13,213,060 | ||
Las Vegas Valley Water District, Nevada, General Obligation Bonds, Water Series 2012B: | ||||||
2,125 | 5.000%, 6/01/24 | 6/22 at 100.00 | AA+ | 2,331,954 | ||
1,545 | 5.000%, 6/01/25 | 6/22 at 100.00 | AA+ | 1,695,468 | ||
2,000 | 5.000%, 6/01/26 | 6/22 at 100.00 | AA+ | 2,192,560 | ||
Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 607 Providence, Refunding Series 2013: | ||||||
50 | 4.000%, 6/01/20 | No Opt. Call | N/R | 50,562 | ||
325 | 5.000%, 6/01/22 | No Opt. Call | N/R | 345,807 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada (continued) | ||||||
$ 4,695 | Nevada State, General Obligation Bonds, Capital Improvement & Cultural Affairs, Refunding Series 2012B, 5.000%, 8/01/22 | No Opt. Call | AA+ | $5,183,045 | ||
11,150 | Nevada State, General Obligation Bonds, Capital Improvement & Cultural Affairs, Refunding Series 2013D-1, 5.000%, 3/01/22 | No Opt. Call | AA+ | 12,141,346 | ||
12,065 | Washoe County, Nevada, Gas and Water Facilities Revenue Bonds, Sierra Pacific Power Company, Refunding Series 2016B, 3.000%, 3/01/36 (Mandatory Put 6/01/22) | No Opt. Call | A+ | 12,522,987 | ||
Washoe County, Nevada, General Obligation Bonds, Reno-Sparks Convention & Visitors Authority, Refunding Series 2011: | ||||||
3,265 | 5.000%, 7/01/22 | 7/21 at 100.00 | AA | 3,474,548 | ||
4,710 | 5.000%, 7/01/23 | 7/21 at 100.00 | AA | 5,011,440 | ||
100,455 | Total Nevada | 106,298,113 | ||||
New Hampshire – 0.2% | ||||||
895 | Business Finance Authority of the State of New Hampshire, Water Facility Revenue Bonds, Pennichuck Water Works, Inc Project ,Series 2015A, 4.250%, 1/01/36 (AMT) | 1/26 at 100.00 | A+ | 962,116 | ||
12,370 | New Hampshire Business Finance Authority, Pollution Control Revenue Bonds, United Illuminating Company, Refunding Series 2003A, 2.800%, 10/01/33 (Mandatory Put 10/02/23) | No Opt. Call | A | 12,943,844 | ||
1,840 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Elliot Hospital, Series 2016, 5.000%, 10/01/38 | 10/26 at 100.00 | A- | 2,139,166 | ||
845 | New Hampshire Health and Education Facilities Authority, Revenue Bonds, Southern New Hampshire Medical Center, Series 2016, 3.500%, 10/01/34 | 10/26 at 100.00 | A- | 893,892 | ||
15,950 | Total New Hampshire | 16,939,018 | ||||
New Jersey – 4.9% | ||||||
Camden County Improvement Authority, New Jersey, Health Care Redevelopment Revenue Bonds, Cooper Health System Obligated Group Issue, Refunding Series 2014A: | ||||||
2,500 | 5.000%, 2/15/30 | 2/24 at 100.00 | BBB+ | 2,815,800 | ||
1,045 | 5.000%, 2/15/34 | 2/24 at 100.00 | BBB+ | 1,166,502 | ||
8,535 | Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (AMT) | No Opt. Call | BBB- | 9,302,979 | ||
1,585 | Gloucester Township, New Jersey, General Obligation Bonds, Series 2019, 2.250%, 2/01/29 – BAM Insured | No Opt. Call | AA | 1,592,988 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012: | ||||||
$ 5,905 | 5.000%, 6/15/20 | No Opt. Call | BBB+ | $6,041,228 | ||
13,995 | 5.000%, 6/15/21 | No Opt. Call | BBB+ | 14,755,908 | ||
2,465 | 5.000%, 6/15/22 | No Opt. Call | BBB+ | 2,671,444 | ||
1,100 | 5.000%, 6/15/22 | No Opt. Call | AA | 1,195,172 | ||
7,180 | 5.000%, 6/15/23 | 6/22 at 100.00 | BBB+ | 7,763,662 | ||
2,990 | 5.000%, 6/15/24 | 6/22 at 100.00 | BBB+ | 3,226,419 | ||
7,615 | 5.000%, 6/15/25 | 6/22 at 100.00 | BBB+ | 8,200,137 | ||
5,000 | 5.000%, 6/15/26 | 6/22 at 100.00 | BBB+ | 5,376,250 | ||
950 | 4.250%, 6/15/27 | 6/22 at 100.00 | BBB+ | 1,000,578 | ||
4,625 | 5.000%, 6/15/28 | 6/22 at 100.00 | BBB+ | 4,961,099 | ||
New Jersey Economic Development Authority, Private Activity Bonds, The Goethals Bridge Replacement Project, Series 2013: | ||||||
1,350 | 5.000%, 1/01/28 (AMT) | 1/24 at 100.00 | BBB | 1,527,134 | ||
2,215 | 5.000%, 1/01/31 – AGM Insured (AMT) | 1/24 at 100.00 | AA | 2,487,844 | ||
7,800 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 3.375%, 7/01/30 | 7/27 at 100.00 | BBB+ | 8,008,338 | ||
25,000 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2015XX, 5.000%, 6/15/27 | 6/25 at 100.00 | A- | 28,574,750 | ||
6,000 | New Jersey Economic Development Authority, Special Facility Revenue Bonds, Port Newark Container Terminal LLC Project, Refunding Series 2017, 5.000%, 10/01/47 (AMT) | 10/27 at 100.00 | Ba1 | 6,881,940 | ||
325 | New Jersey Educational Facilities Authority, Revenue Bonds, Seton Hall University, Series 2016C, 3.000%, 7/01/41 | 7/26 at 100.00 | A- | 331,559 | ||
2,000 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Barnabas Health, Refunding Series 2014A, 5.000%, 7/01/44 | 7/24 at 100.00 | AA- | 2,291,540 | ||
1,000 | New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Saint Joseph's Healthcare System Obligated Group Issue, Refunding Series 2016, 5.000%, 7/01/35 | 7/26 at 100.00 | BBB- | 1,157,730 | ||
2,255 | New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Senior Lien Series 2016-1A, 2.750%, 12/01/27 (AMT) | 12/25 at 100.00 | Aaa | 2,296,312 | ||
New Jersey Higher Education Assistance Authority, Student Loan Revenue Bonds, Senior Lien Series 2017-1A: | ||||||
4,445 | 3.500%, 12/01/29 (AMT) | 12/26 at 100.00 | Aaa | 4,812,201 | ||
11,705 | 3.750%, 12/01/31 (AMT) | 12/26 at 100.00 | Aaa | 12,720,643 | ||
11,975 | 4.000%, 12/01/32 (AMT) | 12/26 at 100.00 | Aaa | 13,208,545 | ||
5,000 | 3.750%, 12/01/33 (AMT) | 12/26 at 100.00 | Aaa | 5,395,500 | ||
960 | New Jersey Housing and Mortgage Finance Agency, Single Family Housing Revenue Bonds, Series 2018A, 3.750%, 10/01/35 | 10/27 at 100.00 | AA | 1,032,893 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
$ 6,145 | 5.000%, 6/15/24 | No Opt. Call | A+ | $7,042,662 | ||
8,375 | 5.000%, 6/15/29 | 6/26 at 100.00 | A+ | 9,880,657 | ||
9,395 | 5.000%, 6/15/30 | 6/26 at 100.00 | A+ | 11,039,031 | ||
10,530 | 5.000%, 6/15/31 | 6/26 at 100.00 | A+ | 12,330,103 | ||
1,440 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Refunding Series 2006C, 0.000%, 12/15/31 – FGIC Insured | No Opt. Call | A- | 1,027,555 | ||
5,240 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2003B, 5.250%, 12/15/19 | No Opt. Call | A- | 5,277,833 | ||
10,705 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2010D, 5.000%, 12/15/23 | No Opt. Call | A- | 12,092,261 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2011B: | ||||||
7,845 | 5.500%, 6/15/31 | 6/21 at 100.00 | A- | 8,321,348 | ||
9,735 | 5.250%, 6/15/36 | 6/21 at 100.00 | A- | 10,271,398 | ||
1,065 | 5.000%, 6/15/42 | 6/21 at 100.00 | A- | 1,115,566 | ||
2,840 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012A, 5.000%, 6/15/42 | 6/22 at 100.00 | A- | 3,019,460 | ||
14,025 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2012AA, 5.000%, 6/15/22 | No Opt. Call | A- | 15,254,011 | ||
20,200 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013A, 5.000%, 6/15/20 | No Opt. Call | A- | 20,670,458 | ||
830 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2013AA, 5.000%, 6/15/36 | 6/23 at 100.00 | A- | 902,824 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2015AA: | ||||||
1,810 | 5.250%, 6/15/33 | 6/25 at 100.00 | A- | 2,077,120 | ||
1,850 | 5.250%, 6/15/34 | 6/25 at 100.00 | A- | 2,118,953 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2018A: | ||||||
2,000 | 5.000%, 12/15/23 | No Opt. Call | A- | 2,259,180 | ||
4,920 | 4.250%, 12/15/38 | 12/28 at 100.00 | A- | 5,315,322 | ||
13,445 | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019AA, 3.750%, 6/15/33 | 12/28 at 100.00 | A- | 14,294,993 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB: | ||||||
6,115 | 5.000%, 6/15/33 (WI/DD, Settling 10/03/19) | 12/28 at 100.00 | A- | 7,237,408 | ||
10,000 | 5.000%, 6/15/34 (WI/DD, Settling 10/03/19) | 12/28 at 100.00 | A- | 11,783,600 | ||
4,000 | 5.000%, 6/15/35 (WI/DD, Settling 10/03/19) | 12/28 at 100.00 | A- | 4,695,960 | ||
1,525 | 3.500%, 6/15/46 (DD1, Settling 10/03/19) | 12/28 at 100.00 | A- | 1,474,675 | ||
5,430 | Ocean City, New Jersey, General Obligation Bonds, General Improvement Series 2019, 2.250%, 9/15/33 (WI/DD, Settling 10/10/19) | 9/26 at 100.00 | AA | 5,310,703 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
$ 5,615 | Salem County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Chambers Project, Refunding Series 2014A, 5.000%, 12/01/23 (AMT) | No Opt. Call | BBB | $6,074,139 | ||
South Jersey Port Corporation, New Jersey, Marine Terminal Revenue Bonds, Refunding Series 2012Q: | ||||||
4,505 | 3.000%, 1/01/20 | No Opt. Call | Baa1 | 4,515,587 | ||
2,950 | 3.000%, 1/01/21 | No Opt. Call | Baa1 | 2,983,541 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A: | ||||||
4,600 | 5.000%, 6/01/28 | No Opt. Call | A- | 5,700,918 | ||
20 | 5.000%, 6/01/29 | 6/28 at 100.00 | A- | 24,652 | ||
3,085 | 5.000%, 6/01/30 | 6/28 at 100.00 | A- | 3,778,169 | ||
6,560 | 5.000%, 6/01/31 | 6/28 at 100.00 | A- | 7,986,341 | ||
6,000 | 5.000%, 6/01/35 | 6/28 at 100.00 | A- | 7,178,280 | ||
11,265 | 4.000%, 6/01/37 | 6/28 at 100.00 | A- | 12,154,146 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B: | ||||||
19,740 | 3.200%, 6/01/27 | No Opt. Call | BBB+ | 20,189,875 | ||
2,770 | 5.000%, 6/01/46 | 6/28 at 100.00 | BBB | 3,056,279 | ||
2,555 | Toms River Board of Education, Ocean County, New Jersey, General Obligation Bonds, Refunding Regional Schools Series 2019, 2.000%, 7/15/26 | No Opt. Call | AA- | 2,574,239 | ||
376,650 | Total New Jersey | 411,826,342 | ||||
New Mexico – 0.3% | ||||||
1,800 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2018B, 3.750%, 7/01/38 | 7/27 at 100.00 | Aaa | 1,926,198 | ||
5,250 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2018C, 3.750%, 7/01/38 | 1/28 at 100.00 | Aaa | 5,639,288 | ||
2,745 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2019D, 3.000%, 7/01/39 | 1/29 at 100.00 | Aaa | 2,823,342 | ||
9,350 | New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue Bonds, Refunding & Aquisition Sub-Series 2019A, 5.000%, 11/01/39 (Mandatory Put 5/01/25) | No Opt. Call | Aa2 | 10,905,746 | ||
19,145 | Total New Mexico | 21,294,574 | ||||
New York – 5.4% | ||||||
Albany County, New York, General Obligation Bonds, Refunding Forward Delivery Series 2019C: | ||||||
2,225 | 5.000%, 11/01/21 (WI/DD, Settling 8/03/20) | No Opt. Call | AA | 2,319,829 | ||
1,915 | 5.000%, 11/01/22 (WI/DD, Settling 8/03/20) | No Opt. Call | AA | 2,060,502 | ||
1,515 | 5.000%, 11/01/23 (WI/DD, Settling 8/03/20) | No Opt. Call | AA | 1,679,544 | ||
1,595 | 5.000%, 11/01/24 (WI/DD, Settling 8/03/20) | No Opt. Call | AA | 1,817,774 | ||
3,775 | Albany County, New York, General Obligation Bonds, Various Purposes Series 2019A, 2.250%, 9/15/36 | 9/27 at 100.00 | AA | 3,629,134 | ||
4,060 | Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue Bonds, Barclays Center Project, Series 2009, 6.000%, 7/15/30 (Pre-refunded 1/15/20) | 1/20 at 100.00 | AA+ (5) | 4,114,810 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Buffalo and Fort Erie Public Bridge Authority, New York, Toll Bridge System Revenue Bonds, Refunding Series 2014: | ||||||
$ 300 | 5.000%, 1/01/24 | No Opt. Call | A+ | $344,169 | ||
500 | 5.000%, 1/01/25 | No Opt. Call | A+ | 588,645 | ||
5,130 | Dormitory Authority of the State of New York, Revenue Bonds, Marymount Manhattan College, Series 2009, 5.000%, 7/01/24 | 10/19 at 100.00 | Baa2 | 5,144,672 | ||
4,000 | Dormitory Authority of the State of New York, Revenue Bonds, Northwell Healthcare Inc, Series 2019B-3, 5.000%, 5/01/48 (Mandatory Put 5/01/26) | 11/25 at 100.00 | A- | 4,760,800 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017: | ||||||
1,900 | 5.000%, 12/01/25, 144A | No Opt. Call | BBB- | 2,235,217 | ||
1,400 | 5.000%, 12/01/27, 144A | 6/27 at 100.00 | BBB- | 1,690,668 | ||
1,300 | 5.000%, 12/01/29, 144A | 6/27 at 100.00 | BBB- | 1,560,988 | ||
1,500 | 5.000%, 12/01/32, 144A | 6/27 at 100.00 | BBB- | 1,782,510 | ||
7,050 | Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds, Upstate Community Colleges, Series 2005A, 5.500%, 7/01/20 – FGIC Insured | No Opt. Call | AA | 7,273,062 | ||
Dormitory Authority of the State of New York, State University Educational Facilities Revenue Bonds, Third General Resolution, Series 2012A: | ||||||
10,055 | 5.000%, 5/15/24 | 5/22 at 100.00 | AA | 11,034,659 | ||
9,285 | 5.000%, 5/15/25 | 5/22 at 100.00 | AA | 10,189,638 | ||
2,000 | Haverstraw Stony Point Central School District, Rockland and Orange Counties, New York, General Obligation Bonds, Refunding Series 2019, 3.000%, 10/15/26 | No Opt. Call | Aa3 | 2,208,420 | ||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A: | ||||||
110 | 0.000%, 6/01/22 – AGM Insured | No Opt. Call | AA | 105,430 | ||
1,055 | 0.000%, 6/01/23 – AGM Insured | No Opt. Call | AA | 991,236 | ||
1,235 | Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012B, 5.000%, 9/01/26 | 9/22 at 100.00 | A | 1,365,836 | ||
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2018B-1, Subseries A-J: | ||||||
11,000 | 5.000%, 5/15/20 | No Opt. Call | N/R | 11,240,460 | ||
8,160 | 5.000%, 5/15/20 | No Opt. Call | N/R | 8,338,378 | ||
12,115 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2018B-2, Subseries A-E, 5.000%, 5/15/21 | No Opt. Call | N/R | 12,790,654 | ||
14,395 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2018C Subseries 2018C-2, 5.000%, 9/01/21 | No Opt. Call | N/R | 15,341,903 | ||
15,630 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019A, 4.000%, 2/03/20 | No Opt. Call | N/R | 15,766,606 | ||
39,750 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019B-1, 5.000%, 5/15/22 | No Opt. Call | N/R | 43,224,547 | ||
40,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019D-1, 5.000%, 9/01/22 | No Opt. Call | N/R | 43,820,000 | ||
10,360 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Refunding Series 2012F, 5.000%, 11/15/30 | 11/22 at 100.00 | AA- | 11,409,157 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
$ 1,500 | 5.000%, 7/01/28 | 7/24 at 100.00 | A- | $1,710,450 | ||
1,000 | 5.000%, 7/01/29 | 7/24 at 100.00 | A- | 1,138,530 | ||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014B: | ||||||
655 | 5.000%, 7/01/30 | 7/24 at 100.00 | A- | 741,584 | ||
2,455 | 5.000%, 7/01/32 | 7/24 at 100.00 | A- | 2,751,539 | ||
20,000 | New York City, New York, General Obligation Bonds, Fiscal 2015 Series A, 5.000%, 8/01/20 | No Opt. Call | Aa1 | 20,620,800 | ||
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Green Bond Series 2018I: | ||||||
900 | 3.625%, 11/01/33 | 11/27 at 100.00 | Aa2 | 970,803 | ||
2,000 | 3.875%, 11/01/38 | 11/27 at 100.00 | Aa2 | 2,162,100 | ||
5,500 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Green Bond Series 2019D, 2.050%, 5/01/23 | 1/21 at 100.00 | Aa2 | 5,536,630 | ||
10,000 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Refunding Series 2019C, 3.850%, 11/01/39 | 5/28 at 100.00 | Aa2 | 10,827,700 | ||
2,500 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2019E, 2.125%, 11/01/23 | 8/21 at 100.00 | Aa2 | 2,524,300 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, Delta Air Lines, Inc - LaGuardia Airport Terminals C&D Redevelopment Project, Series 2018: | ||||||
2,000 | 5.000%, 1/01/34 (AMT) | 1/28 at 100.00 | Baa3 | 2,395,400 | ||
15,510 | 4.000%, 1/01/36 (AMT) | 1/28 at 100.00 | Baa3 | 16,958,789 | ||
New York Transportation Development Corporation, New York, Special Facility Revenue Refunding Bonds, Terminal One Group Association, LP Project, Series 2015: | ||||||
2,005 | 5.000%, 1/01/22 (AMT) | No Opt. Call | A- | 2,145,250 | ||
2,065 | 5.000%, 1/01/23 (AMT) | No Opt. Call | A- | 2,268,774 | ||
New York Transportation Development Corporation, Special Facilities Bonds, LaGuardia Airport Terminal B Redevelopment Project, Series 2016A: | ||||||
1,440 | 5.000%, 7/01/30 (AMT) | 7/24 at 100.00 | BBB | 1,631,059 | ||
2,045 | 4.000%, 7/01/32 (AMT) | 7/24 at 100.00 | BBB | 2,180,624 | ||
8,075 | 4.000%, 7/01/33 (AMT) | 7/24 at 100.00 | BBB | 8,598,502 | ||
9,565 | 5.000%, 7/01/34 (AMT) | 7/24 at 100.00 | BBB | 10,751,921 | ||
12,605 | 5.000%, 7/01/41 (AMT) | 7/24 at 100.00 | BBB | 14,018,273 | ||
49,965 | 5.000%, 7/01/46 (AMT) | 7/24 at 100.00 | BBB | 55,342,233 | ||
10,030 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy Ninth Series 2013, 5.000%, 12/01/25 | 12/23 at 100.00 | AA- | 11,558,070 | ||
795 | Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air Terminal LLC Project, Eigth Series 2010, 6.000%, 12/01/42 | 12/20 at 100.00 | BBB+ | 836,356 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
$ 2,435 | 5.000%, 7/01/28 | 7/24 at 100.00 | A- | $2,776,630 | ||
2,695 | 5.000%, 7/01/29 | 7/24 at 100.00 | A- | 3,067,018 | ||
4,200 | 5.000%, 7/01/30 | 7/24 at 100.00 | A- | 4,755,198 | ||
2,100 | 5.000%, 7/01/31 | 7/24 at 100.00 | A- | 2,364,516 | ||
1,335 | 5.000%, 7/01/32 | 7/24 at 100.00 | A- | 1,496,255 | ||
3,080 | 5.000%, 7/01/33 | 7/24 at 100.00 | A- | 3,445,812 | ||
20,000 | Utility Debt Securitization Authority, New York, Restructuring Bonds, Refunding Series 2015, 5.000%, 12/15/34 | 12/25 at 100.00 | AAA | 24,172,600 | ||
411,770 | Total New York | 448,576,964 | ||||
North Carolina – 0.7% | ||||||
610 | North Carolina Captial Facilities Finance Agency, Revenue Bonds, The Methodist Univerity, Series 2012, 3.750%, 3/01/24 | 3/22 at 100.00 | BBB- | 623,139 | ||
North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Series 2012B: | ||||||
5,020 | 5.000%, 1/01/20 (ETM) | No Opt. Call | AAA (5) | 5,065,933 | ||
10,040 | 5.000%, 1/01/21 (ETM) | No Opt. Call | AAA (5) | 10,501,740 | ||
4,000 | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement, Series 2019-42, 2.625%, 7/01/39 | 7/28 at 100.00 | AA+ | 3,942,360 | ||
11,600 | North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Series 2015C, 5.000%, 1/01/29 | 1/26 at 100.00 | A | 13,977,304 | ||
29,460 | North Carolina State, General Obligation Bonds, Connect NC Public Improvement Series 2019B, 2.125%, 6/01/36 | 6/29 at 100.00 | AAA | 28,228,277 | ||
60,730 | Total North Carolina | 62,338,753 | ||||
North Dakota – 0.9% | ||||||
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Series 2014A: | ||||||
120 | 5.000%, 7/01/23 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 127,493 | ||
1,240 | 5.000%, 7/01/26 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 1,317,426 | ||
2,835 | 5.000%, 7/01/27 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 3,012,017 | ||
1,485 | 5.000%, 7/01/28 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 1,577,723 | ||
1,000 | 5.000%, 7/01/31 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 1,062,440 | ||
2,955 | 5.000%, 7/01/35 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 3,139,510 | ||
2,755 | Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011, 6.250%, 11/01/31 | 11/21 at 100.00 | A+ | 3,030,528 | ||
25,350 | Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012, 5.000%, 12/01/35 | 12/21 at 100.00 | A- | 26,855,536 | ||
4,900 | North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2019C, 3.200%, 7/01/39 | 7/28 at 100.00 | Aa1 | 5,051,116 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Dakota (continued) | ||||||
Ward County Health Care, North Dakota, Revenue Bonds, Trinity Obligated Group, Series 2017C: | ||||||
$ 3,065 | 5.000%, 6/01/28 | No Opt. Call | BBB- | $3,676,314 | ||
3,000 | 5.000%, 6/01/29 | 6/28 at 100.00 | BBB- | 3,584,250 | ||
1,245 | 5.000%, 6/01/31 | 6/28 at 100.00 | BBB- | 1,469,461 | ||
3,480 | 5.000%, 6/01/34 | 6/28 at 100.00 | BBB- | 4,057,541 | ||
13,280 | 5.000%, 6/01/38 | 6/28 at 100.00 | BBB- | 15,252,877 | ||
66,710 | Total North Dakota | 73,214,232 | ||||
Ohio – 4.2% | ||||||
1,900 | Allen County, Ohio, Hospital Facilities Revenue Bonds, Catholic Health Partners, Refunding and Improvement Series 2012A, 5.000%, 5/01/33 | 5/22 at 100.00 | AA- | 2,050,651 | ||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2: | ||||||
57,935 | 5.125%, 6/01/24 | 10/19 at 100.00 | B- | 57,935,579 | ||
3,255 | 5.375%, 6/01/24 | 10/19 at 100.00 | B- | 3,255,260 | ||
14,510 | 5.875%, 6/01/30 | 10/19 at 100.00 | B- | 14,544,679 | ||
19,615 | 5.750%, 6/01/34 | 10/19 at 100.00 | B- | 19,644,030 | ||
5,450 | Cincinnati, Ohio, General Obligation Bonds, Various Purpose, Refunding & Improvement Series 2016A, 4.000%, 12/01/19 | No Opt. Call | AA | 5,474,361 | ||
Cleveland, Ohio, Airport System Revenue Bonds, Refunding Series 2016A: | ||||||
1,525 | 5.000%, 1/01/28 – AGM Insured | 1/25 at 100.00 | AA | 1,785,760 | ||
2,230 | 5.000%, 1/01/29 – AGM Insured | 1/25 at 100.00 | AA | 2,606,959 | ||
2,000 | 5.000%, 1/01/30 – AGM Insured | 1/25 at 100.00 | AA | 2,332,100 | ||
1,800 | 5.000%, 1/01/31 – AGM Insured | 1/25 at 100.00 | AA | 2,092,788 | ||
Cleveland, Ohio, General Obligation Bonds, Series 2011: | ||||||
1,700 | 5.000%, 12/01/22 (Pre-refunded 12/01/19) | 12/19 at 100.00 | AA+ (5) | 1,710,455 | ||
1,780 | 5.000%, 12/01/23 (Pre-refunded 12/01/19) | 12/19 at 100.00 | AA+ (5) | 1,790,947 | ||
18,635 | Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2018A, 5.000%, 4/01/32 | 10/28 at 100.00 | AAA | 23,874,789 | ||
6,000 | Franklin County, Ohio, Revenue Bonds, CHE Trinity Health Credit Group, Series 2013, 1.250%, 12/01/46 (Mandatory Put 2/03/20) | No Opt. Call | AA- | 5,999,160 | ||
470 | Lake County, Ohio, Hospital Facilities Revenue Bonds, Lake Hospital System, Inc, Refunding Series 2008C, 5.500%, 8/15/24 | 10/19 at 100.00 | A- | 471,584 | ||
3,300 | Lancaster Port Authority, Ohio, Gas Supply Revenue Bonds, Series 2019, 5.000%, 8/01/49 (Mandatory Put 2/01/25) | 1/25 at 100.68 | Aa2 | 3,831,894 | ||
7,450 | Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated Group Project, Series 2013, 5.000%, 2/15/27 | 2/23 at 100.00 | BB+ | 8,127,950 | ||
New Albany Community Authority, Ohio, Community Facilities Revenue Refunding Bonds, Series 2012C: | ||||||
870 | 4.000%, 10/01/19 | No Opt. Call | Aa3 | 870,000 | ||
1,150 | 4.000%, 10/01/20 | No Opt. Call | Aa3 | 1,181,016 | ||
1,205 | 5.000%, 10/01/21 | No Opt. Call | Aa3 | 1,293,857 | ||
965 | 5.000%, 10/01/22 | No Opt. Call | Aa3 | 1,066,605 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 2,940 | Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20 (8) | No Opt. Call | N/R | $2,432,850 | ||
1,400 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009B, 3.100%, 3/01/23 (8) | No Opt. Call | N/R | 1,158,500 | ||
11,630 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009C, 5.625%, 6/01/18 (8) | No Opt. Call | N/R | 12,444,100 | ||
28,740 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (8) | No Opt. Call | N/R | 23,782,350 | ||
915 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Corporation Project, Refunding Series 2010A, 3.125%, 7/01/33 (8) | No Opt. Call | N/R | 757,163 | ||
3,610 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2006B, 3.625%, 12/01/33 (Mandatory Put 6/01/20) (8) | No Opt. Call | N/R | 2,987,275 | ||
250 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008C, 3.950%, 11/01/32 (Mandatory Put 5/01/20) (AMT) (8) | No Opt. Call | N/R | 206,875 | ||
1,020 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2009A, 4.375%, 6/01/33 (Mandatory Put 6/01/22) (8) | No Opt. Call | N/R | 1,099,050 | ||
10,140 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Company Project, Refunding Series 2007A, 2.500%, 8/01/40 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 10,218,281 | ||
13,610 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Company Project, Refunding Series 2007B, 2.500%, 11/01/42 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 13,715,886 | ||
7,140 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Company Project, Refunding Series 2014B, 2.600%, 6/01/41 (Mandatory Put 10/01/29) (AMT) | 10/24 at 100.00 | BBB+ | 7,173,915 | ||
735 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Pratt Paper Ohio, LLC Project, Series 2017, 3.750%, 1/15/28, 144A (AMT) | No Opt. Call | N/R | 797,622 | ||
3,900 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2019B, 3.000%, 9/01/39 | 9/28 at 100.00 | Aaa | 3,996,837 | ||
7,510 | Ohio State, General Obligation Bonds, Highway Capital Improvement Series 2012Q, 5.000%, 5/01/21 | No Opt. Call | AAA | 7,952,940 | ||
7,000 | Ohio State, General Obligation Bonds, Refunding Common Schools Series 2011B, 4.000%, 9/15/21 | No Opt. Call | AA+ | 7,371,560 | ||
8,760 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Refunding Series 2016A, 5.000%, 1/15/41 | 1/26 at 100.00 | A | 10,127,436 | ||
8,500 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 4.000%, 1/01/34 (Mandatory Put 7/01/21) (8) | No Opt. Call | N/R | 7,033,750 | ||
3,855 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006A, 3.000%, 5/15/19 (8) | No Opt. Call | N/R | 3,190,012 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 2,355 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006B, 4.000%, 12/01/33 (8) | No Opt. Call | N/R | $1,948,763 | ||
8,645 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010A, 3.750%, 7/01/33 (Mandatory Put 7/01/20) (8) | No Opt. Call | N/R | 7,153,737 | ||
1,945 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010C, 4.000%, 6/01/33 (8) | No Opt. Call | N/R | 1,609,488 | ||
36,020 | Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, Series 2019, 5.000%, 12/01/29 | 9/29 at 100.00 | AAA | 47,496,332 | ||
12,010 | Ohio Water Development Authority, Water Pollution Control Loan Fund Revenue Bonds, Series 2014, 5.000%, 6/01/21 | No Opt. Call | AAA | 12,755,341 | ||
2,470 | Tuscarawas County Economic Development and Finance Alliance, Ohio, Higher Education Facilities Revenue Bonds, Ashland University, Refunding & Improvement Series 2015, 5.375%, 3/01/27 | 3/25 at 100.00 | N/R | 2,632,995 | ||
338,845 | Total Ohio | 351,983,482 | ||||
Oklahoma – 1.7% | ||||||
Canadian County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Mustang Public Schools Project, Series 2012: | ||||||
2,290 | 4.500%, 9/01/21 | No Opt. Call | AA- | 2,425,820 | ||
1,415 | 4.000%, 9/01/23 | 9/21 at 100.00 | AA- | 1,481,972 | ||
2,050 | Canadian County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Yukon Public Schools Project, Series 2019, 5.000%, 12/01/20 | No Opt. Call | N/R | 2,122,283 | ||
Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Moore Public Schools Project, Series 2016: | ||||||
2,940 | 5.000%, 6/01/21 | No Opt. Call | A+ | 3,115,930 | ||
7,545 | 5.000%, 6/01/22 | No Opt. Call | A+ | 8,252,721 | ||
3,080 | 5.000%, 6/01/23 | No Opt. Call | A+ | 3,467,680 | ||
Comanche County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Elgin Public Schools Project, Series 2017A: | ||||||
1,470 | 5.000%, 12/01/28 | 12/27 at 100.00 | A | 1,814,171 | ||
1,410 | 5.000%, 12/01/31 | 12/27 at 100.00 | A | 1,716,111 | ||
Garfield County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Enid Public Schools Project, Series 2016A: | ||||||
3,165 | 5.000%, 9/01/30 | 9/26 at 100.00 | A | 3,806,356 | ||
3,145 | 5.000%, 9/01/31 | 9/26 at 100.00 | A | 3,769,157 | ||
3,150 | Garvin County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Wynnewood Public Schools Project, Series 2018, 3.625%, 9/01/36 | 9/28 at 100.00 | A- | 3,381,934 | ||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Amber-Pocasset Public Schools Project, Series 2019: | ||||||
1,365 | 4.000%, 9/01/32 | 9/29 at 100.00 | A | 1,574,063 | ||
1,485 | 4.000%, 9/01/34 | 9/29 at 100.00 | A | 1,688,297 | ||
1,000 | 4.000%, 9/01/36 | 9/29 at 100.00 | A | 1,130,010 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Tuttle Public Schools Project, Series 2019: | ||||||
$ 865 | 4.000%, 9/01/31 | 9/29 at 100.00 | A+ | $1,015,553 | ||
1,870 | 4.000%, 9/01/32 | 9/29 at 100.00 | A+ | 2,170,827 | ||
1,315 | 4.000%, 9/01/33 | 9/29 at 100.00 | A+ | 1,518,996 | ||
875 | 4.000%, 9/01/34 | 9/29 at 100.00 | A+ | 1,008,945 | ||
Lincoln County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Stroud Public Schools Project, Series 2016: | ||||||
1,000 | 5.000%, 9/01/20 | No Opt. Call | A | 1,032,660 | ||
2,115 | 5.000%, 9/01/22 | No Opt. Call | A | 2,312,541 | ||
1,000 | 5.000%, 9/01/23 | No Opt. Call | A | 1,121,930 | ||
1,870 | 5.000%, 9/01/24 | No Opt. Call | A | 2,152,838 | ||
2,490 | 5.000%, 9/01/26 | No Opt. Call | A | 3,006,899 | ||
McClain County Economic Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Purcell Public Schools Project, Series 2018: | ||||||
1,280 | 5.000%, 9/01/30 | 9/28 at 100.00 | A | 1,592,960 | ||
1,565 | 5.000%, 9/01/34 | 9/28 at 100.00 | A | 1,916,906 | ||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: | ||||||
6,045 | 5.000%, 8/15/33 | 8/28 at 100.00 | Baa3 | 7,280,598 | ||
16,530 | 5.000%, 8/15/38 | 8/28 at 100.00 | Baa3 | 19,606,729 | ||
2,335 | Oklahoma Housing Finance Agency, Single Family Mortgage Revenue Bonds, Homeownership Loan Program, Series 2019A, 3.000%, 9/01/39 | 3/28 at 100.00 | Aaa | 2,379,482 | ||
Pontotoc County Educational Facilities Authority, Oklahoma, Facilities Lease Revenue Bonds, Ada Public Schools Project, Series 2014: | ||||||
750 | 5.000%, 9/01/22 | No Opt. Call | A- | 817,815 | ||
500 | 3.000%, 9/01/23 | No Opt. Call | A- | 520,035 | ||
600 | 5.000%, 9/01/24 | No Opt. Call | A- | 689,226 | ||
1,505 | 5.000%, 9/01/25 | No Opt. Call | A- | 1,770,903 | ||
3,210 | Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Series 2013A, 5.625%, 6/01/38 (AMT) | 6/23 at 100.00 | AA | 3,610,704 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2016: | ||||||
3,525 | 5.000%, 9/01/25 | 9/23 at 100.00 | AA- | 3,996,257 | ||
10,675 | 5.000%, 9/01/26 | 9/23 at 100.00 | AA- | 12,084,740 | ||
1,615 | Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2019A, 5.000%, 9/01/29 | No Opt. Call | AA- | 2,101,050 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Jenks Public Schools Project, Series 2015: | ||||||
6,150 | 5.000%, 9/01/25 | No Opt. Call | AA- | 7,385,473 | ||
7,985 | 5.000%, 9/01/26 | 9/25 at 100.00 | AA- | 9,553,973 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Weatherford Industrial Trust Educational, Oklahoma, Facilities Lease Revenue Bonds, Weatherford Public Schools Project, Series 2019: | ||||||
$ 2,000 | 5.000%, 3/01/29 | No Opt. Call | A- | $2,513,640 | ||
1,695 | 5.000%, 3/01/31 | 3/29 at 100.00 | A- | 2,107,648 | ||
2,500 | 5.000%, 3/01/33 | 3/29 at 100.00 | A- | 3,082,300 | ||
119,375 | Total Oklahoma | 138,098,133 | ||||
Oregon – 0.8% | ||||||
1,750 | Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A, 0.000%, 6/15/38 | 6/28 at 100.00 | AA+ | 2,100,753 | ||
1,190 | Clackamas Community College District, Oregon, General Obligation Bonds, Deferred Interest Series 2017A, 0.000%, 6/15/40 (7) | 6/27 at 100.00 | Aa1 | 1,388,397 | ||
4,145 | Clackamas Community College District, Oregon, General Obligation Bonds, Series 2007, 5.000%, 6/15/20 – FGIC Insured | No Opt. Call | Aa1 | 4,253,640 | ||
Clackamas County School District 62, Oregon City, Oregon, General Obligation Bonds, Refunding Series 2018A: | ||||||
1,665 | 0.000%, 6/15/34 | 6/28 at 79.31 | AA+ | 1,063,985 | ||
1,500 | 0.000%, 6/15/35 | 6/28 at 75.58 | AA+ | 904,095 | ||
1,000 | 0.000%, 6/15/37 | 6/28 at 69.16 | AA+ | 548,060 | ||
2,050 | 0.000%, 6/15/39 | 6/28 at 63.17 | AA+ | 1,018,502 | ||
2,750 | Multnomah-Clackamas Counties School District 10JT Greham-Barlow, Oregon, General Obligation Bonds, Deferred interest Series 2019A, 0.000%, 6/15/38 | 6/29 at 72.47 | Aa1 | 1,532,245 | ||
3,455 | Oregon Housing and Community Services Department, Mortgage Revenue Bonds, Single-Family Mortgage Program, Series 2017D, 3.450%, 1/01/38 | 1/27 at 100.00 | Aa2 | 3,584,390 | ||
5,740 | Oregon Housing and Community Services Department, Mortgage Revenue Bonds, Single-Family Mortgage Program, Series 2018C, 3.900%, 7/01/38 | 7/27 at 100.00 | Aa2 | 6,152,419 | ||
7,670 | Oregon Housing and Community Services Department, Mortgage Revenue Bonds, Single-Family Mortgage Program, Series 2019A, 2.650%, 7/01/39 | 7/28 at 100.00 | Aa2 | 7,553,953 | ||
15,995 | Oregon State Business Development Commission, Recovery Zone Facility Revenue Bonds, Intel Corporation Project, 232 Series 2010, 2.400%, 12/01/40 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 16,502,361 | ||
11,120 | Oregon State Department of Transportation, Highway User Tax Revenue Bonds, Senior Lien Series 2013A, 5.000%, 11/15/38 | 11/23 at 100.00 | AAA | 12,534,019 | ||
Salem Hospital Facility Authority, Oregon, Revenue Bonds, Salem Hospital Project, Refunding Series 2016A: | ||||||
3,425 | 5.000%, 5/15/32 | 5/26 at 100.00 | AA- | 4,058,282 | ||
1,925 | 5.000%, 5/15/33 | 5/26 at 100.00 | AA- | 2,273,829 | ||
65,380 | Total Oregon | 65,468,930 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania – 5.0% | ||||||
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A: | ||||||
$ 1,000 | 5.000%, 4/01/36 | 4/28 at 100.00 | A | $1,203,400 | ||
10,000 | 4.000%, 4/01/37 | 4/28 at 100.00 | A | 11,037,600 | ||
6,000 | 4.000%, 4/01/38 | 4/28 at 100.00 | A | 6,592,920 | ||
1,075 | 4.000%, 4/01/44 | 4/28 at 100.00 | A | 1,158,474 | ||
Allegheny County, Pennsylvania, General Obligation Bonds, Series C69-C70 of 2012: | ||||||
1,000 | 5.000%, 12/01/25 | 12/22 at 100.00 | AA- | 1,111,580 | ||
4,000 | 5.000%, 12/01/37 | 12/22 at 100.00 | AA- | 4,409,920 | ||
1,525 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018, 5.000%, 5/01/28, 144A | No Opt. Call | Ba3 | 1,802,535 | ||
1,200 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006A, 3.500%, 4/01/41 (Mandatory Put 6/01/20) (8) | No Opt. Call | N/R | 993,000 | ||
2,880 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (Mandatory Put 6/01/20) (8) | No Opt. Call | N/R | 2,383,200 | ||
7,770 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2008A, 2.700%, 4/01/35 (8) | No Opt. Call | N/R | 6,429,675 | ||
8,740 | Berks County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Tower Health Project, Series 2017, 4.000%, 11/01/39 | 11/27 at 100.00 | A | 9,493,738 | ||
1,000 | Capital Region Water, Pennsylvania, Water Revenue Bonds, Series 2018, 5.000%, 7/15/27 | No Opt. Call | A+ | 1,245,240 | ||
Commonwealth Financing Authority, Pennslyvania, Revenue Bonds, Refunding Forward Delivery Series 2020A: | ||||||
2,000 | 5.000%, 6/01/28 (WI/DD, Settling 3/03/20) | No Opt. Call | A1 | 2,472,300 | ||
1,750 | 5.000%, 6/01/29 (WI/DD, Settling 3/03/20) | No Opt. Call | A1 | 2,201,640 | ||
1,750 | 5.000%, 6/01/30 (WI/DD, Settling 3/03/20) | No Opt. Call | A1 | 2,230,988 | ||
41,980 | Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018, 4.000%, 6/01/39 – AGM Insured | 6/28 at 100.00 | AA | 46,590,663 | ||
Delaware County Authority, Pennsylvania, Revenue Bonds, Neumann University, Series 2010: | ||||||
1,000 | 5.000%, 10/01/21 | 10/20 at 100.00 | BBB | 1,030,500 | ||
1,050 | 5.000%, 10/01/25 | 10/20 at 100.00 | BBB | 1,088,315 | ||
Indiana County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Indiana Regional Medical Center, Series 2014A: | ||||||
410 | 5.000%, 6/01/22 | No Opt. Call | Ba2 | 434,071 | ||
790 | 5.000%, 6/01/24 | 6/23 at 100.00 | Ba2 | 850,103 | ||
520 | 5.000%, 6/01/25 | 6/23 at 100.00 | Ba2 | 558,600 | ||
370 | 5.125%, 6/01/26 | 6/23 at 100.00 | Ba2 | 398,560 | ||
460 | 5.375%, 6/01/28 | 6/23 at 100.00 | Ba2 | 498,079 | ||
12,575 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016A, 1.800%, 9/01/29 (Mandatory Put 9/01/22) | No Opt. Call | A1 | 12,610,461 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 10,520 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016B, 1.800%, 2/15/27 (Mandatory Put 8/15/22) | No Opt. Call | A1 | $10,599,321 | ||
3,140 | Luzerne County Industrial Development Authority, Pennsylvania, Guaranteed Lease Revenue Bonds, Series 2009, 7.750%, 12/15/27 (Pre-refunded 12/15/19) | 12/19 at 100.00 | N/R (5) | 3,179,909 | ||
Montgomery County Higher Education and Health Authority, Pennsylvania, Revenue Bonds, AICUP Financing Program, Gwynedd Mercy University, Series 2017V-1B: | ||||||
1,000 | 4.000%, 5/01/36 (Mandatory Put 5/01/22) | No Opt. Call | BBB | 1,050,590 | ||
1,100 | 4.000%, 5/01/36 (Mandatory Put 5/01/23) | No Opt. Call | BBB | 1,172,545 | ||
5,900 | Montgomery County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, PECO Energy Company Project, Refunding Series 1996A, 2.600%, 3/01/34 (Mandatory Put 9/01/20) | No Opt. Call | BBB+ | 5,962,953 | ||
8,285 | North Allegheny School District, Allegheny County, Pennsylvania, General Obligation Bonds, Limited Tax Series 2019, 4.000%, 5/01/44 | 5/29 at 100.00 | AA | 9,344,651 | ||
4,055 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40 (Mandatory Put 7/01/20) (8) | No Opt. Call | N/R | 3,355,512 | ||
3,455 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41 (8) | No Opt. Call | N/R | 2,859,012 | ||
Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Guaranteed Series 2013B: | ||||||
1,975 | 5.500%, 1/01/25 | 1/24 at 100.00 | AA | 2,285,964 | ||
2,265 | 5.500%, 1/01/26 | 1/24 at 100.00 | AA | 2,620,220 | ||
2,260 | 5.500%, 1/01/27 | 1/24 at 100.00 | AA | 2,611,679 | ||
Pennsylvania Economic Development Financing Authority, Parking System Revenue Bonds, Capitol Region Parking System, Junior Insured Series 2013C: | ||||||
500 | 5.500%, 1/01/25 – AGM Insured | 1/24 at 100.00 | AA | 578,725 | ||
1,110 | 5.500%, 1/01/26 – AGM Insured | 1/24 at 100.00 | AA | 1,284,081 | ||
2,505 | 5.500%, 1/01/28 – AGM Insured | 1/24 at 100.00 | AA | 2,890,044 | ||
2,050 | 5.500%, 1/01/29 – AGM Insured | 1/24 at 100.00 | AA | 2,361,887 | ||
1,255 | 5.500%, 1/01/31 – AGM Insured | 1/24 at 100.00 | AA | 1,439,460 | ||
2,375 | Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Project, Series 2004, 2.125%, 11/01/21 | No Opt. Call | A- | 2,400,246 | ||
10,500 | Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Project, Series 2017A, 1.700%, 8/01/37 (Mandatory Put 8/03/20) (AMT) | No Opt. Call | A- | 10,509,765 | ||
1,670 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Association of Independent Colleges & Universities of Pennsylvania Financing Program, York College Project, Series 2014T-2, 2.050%, 5/01/30 (Mandatory Put 5/01/20) | No Opt. Call | A- | 1,672,004 | ||
19,870 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-120, 3.100%, 10/01/36 | 10/25 at 100.00 | AA+ | 20,448,217 | ||
8,950 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2016-121, 3.100%, 10/01/36 | 10/25 at 100.00 | AA+ | 9,210,445 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 15,300 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-125A, 3.700%, 10/01/37 (AMT) | 4/27 at 100.00 | AA+ | $16,208,820 | ||
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-128B: | ||||||
6,585 | 3.500%, 10/01/34 | 10/27 at 100.00 | AA+ | 7,059,383 | ||
3,000 | 3.850%, 4/01/38 | 10/27 at 100.00 | AA+ | 3,237,420 | ||
7,000 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-130A, 2.700%, 10/01/39 | 10/28 at 100.00 | AA+ | 6,906,830 | ||
Pennsylvania Turnpike Commission, Motor License Fund-Enhanced Turnpike Subordinate Special Revenue Bonds, Series 2014A: | ||||||
2,095 | 0.000%, 12/01/34 (7) | 12/26 at 100.00 | AA- | 2,185,797 | ||
5,000 | 0.000%, 12/01/37 (7) | 12/26 at 100.00 | AA- | 5,225,800 | ||
16,080 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Capital Appreciation Series 2009E, 6.375%, 12/01/38 | 12/27 at 100.00 | A | 21,026,530 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Series 2019 Forward Delivery: | ||||||
4,615 | 5.000%, 12/01/24 | No Opt. Call | A1 | 5,438,547 | ||
5,000 | 5.000%, 12/01/25 | No Opt. Call | A1 | 6,023,900 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2016B-2: | ||||||
5,905 | 5.000%, 6/01/25 | No Opt. Call | A3 | 6,963,117 | ||
2,830 | 5.000%, 6/01/29 | 6/26 at 100.00 | A3 | 3,371,351 | ||
22,145 | 5.000%, 6/01/35 | 6/26 at 100.00 | A3 | 25,959,476 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2017: | ||||||
2,500 | 5.000%, 12/01/29 | 12/27 at 100.00 | A3 | 3,071,800 | ||
3,190 | 5.000%, 12/01/31 | 12/27 at 100.00 | A3 | 3,887,876 | ||
5,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Series 2016A, 5.000%, 12/01/36 | 12/26 at 100.00 | A3 | 5,900,600 | ||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Third Series 2017: | ||||||
3,495 | 5.000%, 12/01/31 | 12/27 at 100.00 | A3 | 4,259,601 | ||
2,250 | 5.000%, 12/01/32 | 12/27 at 100.00 | A3 | 2,734,402 | ||
2,000 | 4.000%, 12/01/36 | 12/27 at 100.00 | A3 | 2,210,600 | ||
12,005 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2015A-1, 5.000%, 12/01/24 | No Opt. Call | A+ | 14,147,292 | ||
1,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2016A-1, 5.000%, 12/01/28 | 6/26 at 100.00 | A1 | 1,212,590 | ||
3,000 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Series 2017A-1, 5.000%, 12/01/36 | 12/27 at 100.00 | A1 | 3,656,550 | ||
7,445 | Philadelphia Authority For Industrial Development, Pennsylvania, City Agreement Revenue Bonds, Cultural and Commercial Corridors Program, Refunding Series 2016A, 5.000%, 12/01/29 | 12/25 at 100.00 | A | 8,821,804 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 3,025 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Nineth Series, 2010, 5.000%, 8/01/30 (Pre-refunded 8/01/20) | 8/20 at 100.00 | A (5) | $3,117,867 | ||
Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017B: | ||||||
3,100 | 5.000%, 7/01/20 (AMT) | No Opt. Call | A | 3,179,298 | ||
1,250 | 5.000%, 7/01/21 (AMT) | No Opt. Call | A | 1,322,463 | ||
2,650 | Quakertown General Authority Health Facilities Revenue USDA Loan Anticipation Notes and Revenue Bonds for LifeQuest Obligated Group, Pennsylvania, Series 2017A, 3.125%, 7/01/21 | 10/19 at 100.00 | N/R | 2,649,709 | ||
9,745 | Sayre Healthcare Facility Authority, Pennsylvania, Revenue Bonds, Guthrie Healthcare System, Series 2007, 2.210%, 12/01/24 (3-Month LIBOR *67% reference rate + 0.78% spread) (4) | 10/19 at 100.00 | AA- | 9,769,557 | ||
4,585 | Scranton, Lackawanna County, Pennsylvania, General Obligation Notes, Series 2016, 5.000%, 11/15/26 | 5/24 at 100.00 | BB+ | 5,075,366 | ||
2,355 | Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, University Revenue Bonds, Marywood University, Series 2016, 3.375%, 6/01/26 | No Opt. Call | BB+ | 2,372,168 | ||
Southcentral Pennsylvania General Authority, Revenue Bonds, Hanover Hospital Inc, Series 2013: | ||||||
1,400 | 5.000%, 12/01/19 | No Opt. Call | A+ | 1,408,204 | ||
730 | 5.000%, 12/01/20 | No Opt. Call | A+ | 759,010 | ||
1,105 | 5.000%, 12/01/21 | No Opt. Call | A+ | 1,184,858 | ||
1,625 | 5.000%, 12/01/22 | No Opt. Call | A+ | 1,795,138 | ||
1,705 | 5.000%, 12/01/23 | 6/23 at 100.00 | A+ | 1,912,481 | ||
1,795 | 5.000%, 12/01/24 | 6/23 at 100.00 | A+ | 2,010,023 | ||
Trinity Area School District, Washington County, Pennsylvania, General Obligation Bonds, Series 2012: | ||||||
105 | 4.000%, 11/01/19 – AGM Insured (ETM) | No Opt. Call | A2 (5) | 105,229 | ||
60 | 4.000%, 11/01/19 – AGM Insured | No Opt. Call | A2 | 60,115 | ||
3,435 | Washington County Industrial Development Authority, Pennsylvania, College Revenue Bonds, AICUP Financing Program-Washington and Jefferson College Project, Series 2017-PP5, 3.375%, 11/01/36 | 11/27 at 100.00 | A- | 3,602,903 | ||
381,695 | Total Pennsylvania | 416,497,267 | ||||
Puerto Rico – 1.5% | ||||||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A: | ||||||
11,915 | 6.125%, 7/01/24 | No Opt. Call | Ca | 12,868,200 | ||
50 | 6.000%, 7/01/44 | 10/19 at 100.00 | Ca | 50,687 | ||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
12,320 | 5.250%, 7/01/24 | 7/22 at 100.00 | Ca | 12,997,600 | ||
5,990 | 4.250%, 7/01/25 | 7/22 at 100.00 | Ca | 6,139,750 | ||
12,900 | 5.000%, 7/01/33 | 7/22 at 100.00 | Ca | 13,464,375 | ||
6,095 | 5.125%, 7/01/37 | 7/22 at 100.00 | Ca | 6,376,894 | ||
3,315 | 5.250%, 7/01/42 | 7/22 at 100.00 | Ca | 3,476,606 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Puerto Rico (continued) | ||||||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
$ 2,470 | 0.000%, 7/01/24 | No Opt. Call | N/R | $2,158,484 | ||
16,136 | 0.000%, 7/01/27 | No Opt. Call | N/R | 12,861,199 | ||
27,489 | 0.000%, 7/01/29 | 7/28 at 98.64 | N/R | 20,435,872 | ||
28,929 | 0.000%, 7/01/31 | 7/28 at 91.88 | N/R | 19,939,892 | ||
16,915 | 0.000%, 7/01/33 | 7/28 at 86.06 | N/R | 10,669,475 | ||
1,396 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 1,494,753 | ||
4,743 | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2018B-1, 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 5,078,520 | ||
150,663 | Total Puerto Rico | 128,012,307 | ||||
Rhode Island – 0.3% | ||||||
4,350 | Rhode Island Health and Educational Building Corporation, Revenue Bonds, Care New England Health System, Series 2013A, 5.500%, 9/01/28 (Pre-refunded 9/01/23) | 9/23 at 100.00 | N/R (5) | 5,039,519 | ||
4,125 | Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity Bond Program, 2019 Series 70, 3.000%, 10/01/39 | 10/28 at 100.00 | AA+ | 4,237,489 | ||
136,145 | Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds, Series 2007A, 0.000%, 6/01/52 | 10/19 at 14.53 | CCC+ | 18,395,912 | ||
144,620 | Total Rhode Island | 27,672,920 | ||||
South Carolina – 0.7% | ||||||
5,770 | Greenville Hospital System Board of Trustees, South Carolina, Hospital Revenue Bonds, Series 2014B, 5.000%, 5/01/34 | 5/24 at 100.00 | A | 6,512,426 | ||
Lexington County Health Services District, Inc, South Carolina, Hospital Revenue Bonds, Lexington Medical Center, Series 2016: | ||||||
1,000 | 5.000%, 11/01/34 | 5/26 at 100.00 | A1 | 1,177,100 | ||
1,170 | 5.000%, 11/01/35 | 5/26 at 100.00 | A1 | 1,372,691 | ||
6,650 | Patriots Energy Group Financing Agency, South Carolina, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 10/01/48 (Mandatory Put 2/01/24) | 1/24 at 100.30 | Aa2 | 7,243,845 | ||
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Bon Secours Health System Obligated Group, Series 2012: | ||||||
1,850 | 5.000%, 11/01/20 (ETM) | No Opt. Call | A+ (5) | 1,923,797 | ||
7,500 | 5.000%, 11/01/27 (Pre-refunded 11/01/22) | 11/22 at 100.00 | A+ (5) | 8,340,000 | ||
1,275 | 5.000%, 11/01/29 (Pre-refunded 11/01/22) | 11/22 at 100.00 | A+ (5) | 1,417,800 | ||
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, FMU Student Housing LLC - Francis Marion University Project, Series 2014A: | ||||||
1,910 | 5.000%, 8/01/27 | 8/24 at 100.00 | Baa3 | 2,064,022 | ||
3,925 | 5.000%, 8/01/32 | 8/24 at 100.00 | Baa3 | 4,194,765 | ||
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding & Improvement Series 2015A: | ||||||
3,015 | 5.000%, 12/01/31 | 6/25 at 100.00 | A | 3,515,822 | ||
8,280 | 5.000%, 12/01/50 | 6/25 at 100.00 | A | 9,409,640 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Carolina (continued) | ||||||
South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2016A: | ||||||
$ 7,015 | 5.000%, 12/01/29 | 6/26 at 100.00 | A | $8,445,499 | ||
3,875 | 5.000%, 12/01/31 | 6/26 at 100.00 | A | 4,625,355 | ||
1,325 | Spartanburg Regional Health Services District, Inc, South Carolina, Hosptial Refunding Revenue Bonds, Series 2012A, 5.000%, 4/15/32 | 4/22 at 100.00 | A | 1,420,453 | ||
54,560 | Total South Carolina | 61,663,215 | ||||
South Dakota – 0.1% | ||||||
South Dakota Building Authority, Revenue Bonds, Series 2013B: | ||||||
525 | 5.000%, 6/01/22 | No Opt. Call | AA+ | 576,130 | ||
1,000 | 5.000%, 6/01/24 | 6/23 at 100.00 | AA+ | 1,131,610 | ||
2,410 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Regional Health, Refunding Series 2017, 5.000%, 9/01/31 | 9/27 at 100.00 | A1 | 2,950,418 | ||
1,000 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2009, 5.000%, 11/01/24 | 11/19 at 100.00 | A+ | 1,002,730 | ||
3,000 | South Dakota Housing Development Authority, Homeownership Mortgage Revenue Bonds, Series 2019A, 3.800%, 11/01/39 | 5/28 at 100.00 | AAA | 3,256,020 | ||
7,935 | Total South Dakota | 8,916,908 | ||||
Tennessee – 1.7% | ||||||
2,265 | Chattanooga-Hamilton County Hospital Authority, Tennessee, Hospital Revenue Bonds, Erlanger Health System, Refunding Series 2014A, 5.000%, 10/01/28 | 10/24 at 100.00 | Baa2 | 2,581,692 | ||
3,460 | Claiborne County, Tennessee, Industrial Development Board, Revenue Refunding Bonds, Lincoln Memorial University Project, Series 2009, 6.125%, 10/01/29 | 10/19 at 100.00 | N/R | 3,471,314 | ||
Knox County Health, Educational and Housing Facilities Board, Tennessee, Revenue Bonds, University Health System, Inc, Series 2017: | ||||||
2,765 | 3.375%, 4/01/26 | No Opt. Call | BBB | 2,971,960 | ||
3,250 | 5.000%, 4/01/29 | 4/27 at 100.00 | BBB | 3,868,768 | ||
2,500 | 5.000%, 4/01/30 | 4/27 at 100.00 | BBB | 2,963,150 | ||
2,725 | 5.000%, 4/01/31 | 4/27 at 100.00 | BBB | 3,223,539 | ||
Knox County Health, Educational and Housing Facility Board, Tennesse, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A: | ||||||
1,400 | 4.000%, 1/01/22 | No Opt. Call | A+ | 1,474,858 | ||
1,300 | 4.000%, 1/01/23 | No Opt. Call | A+ | 1,399,021 | ||
3,180 | 5.000%, 1/01/23 | No Opt. Call | A+ | 3,522,454 | ||
2,110 | 5.000%, 1/01/24 | 1/23 at 100.00 | A+ | 2,342,184 | ||
Memphis and Shelby County Port Commission, Tennessee, Port Development Revenue Bonds, Series 2011: | ||||||
1,480 | 5.250%, 4/01/23 | 4/21 at 100.00 | AA | 1,565,070 | ||
1,560 | 5.250%, 4/01/24 | 4/21 at 100.00 | AA | 1,647,282 | ||
1,240 | 5.250%, 4/01/25 | 4/21 at 100.00 | AA | 1,309,180 | ||
4,430 | Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Refunding Series 2009A, 5.125%, 11/01/24 | 11/19 at 100.00 | AA | 4,443,644 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee (continued) | ||||||
Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Refunding Series 2009B: | ||||||
$ 1,000 | 5.500%, 11/01/20 | 11/19 at 100.00 | AA | $1,003,380 | ||
1,860 | 5.250%, 11/01/25 | 11/19 at 100.00 | AA | 1,865,915 | ||
8,255 | Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Vanderbilt University Medical Center, Series 2016A, 5.000%, 7/01/35 | 7/26 at 100.00 | Aa1 | 9,742,634 | ||
1,070 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2015-1C, 3.950%, 7/01/35 | 1/25 at 100.00 | AA+ | 1,139,368 | ||
5,280 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2018-3, 3.750%, 7/01/38 | 7/27 at 100.00 | AA+ | 5,715,389 | ||
11,515 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2018-4, 3.900%, 7/01/38 | 1/28 at 100.00 | AA+ | 12,495,617 | ||
9,995 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-1, 3.750%, 7/01/39 | 7/28 at 100.00 | AA+ | 10,889,153 | ||
10,000 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-2, 3.000%, 7/01/39 | 7/28 at 100.00 | AA+ | 10,255,900 | ||
3,625 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-3, 2.600%, 7/01/39 | 1/29 at 100.00 | AA+ | 3,602,924 | ||
6,680 | The Tennessee Energy Acquisition Corporation, Gas Project Revenue Bonds, Series 2018, 4.000%, 11/01/49 (Mandatory Put 11/01/25) | No Opt. Call | A | 7,394,960 | ||
13,380 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006A, 5.250%, 9/01/20 | No Opt. Call | A | 13,799,998 | ||
27,240 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C, 4.000%, 5/01/48 (Mandatory Put 5/01/23) | No Opt. Call | A | 29,137,811 | ||
133,565 | Total Tennessee | 143,827,165 | ||||
Texas – 5.8% | ||||||
1,085 | Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A, 5.000%, 1/01/30 | 1/27 at 100.00 | BBB+ | 1,279,475 | ||
Austin, Texas, Airport System Revenue Bonds, Refunding Series 2019: | ||||||
5,500 | 5.000%, 11/15/20 (AMT) | No Opt. Call | A1 | 5,714,665 | ||
5,000 | 5.000%, 11/15/21 (AMT) | No Opt. Call | A1 | 5,367,100 | ||
11,690 | Board of Regents of the University of Texas System, Revenue Financing System Bonds, Series 2014A, 4.000%, 8/15/35 | 8/24 at 100.00 | AAA | 12,858,649 | ||
3,370 | Central Texas Regional Mobility Authority, Revenue Bonds, Refunding Senior Lien Series 2013A, 5.000%, 1/01/33 | 1/23 at 100.00 | A- | 3,695,508 | ||
3,445 | Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Series 2011, 6.250%, 1/01/46 (Pre-refunded 1/01/21) | 1/21 at 100.00 | A- (5) | 3,651,666 | ||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2015A: | ||||||
1,945 | 5.000%, 1/01/32 | 7/25 at 100.00 | A- | 2,257,211 | ||
1,390 | 5.000%, 1/01/33 | 7/25 at 100.00 | A- | 1,607,382 | ||
1,165 | 5.000%, 1/01/34 | 7/25 at 100.00 | A- | 1,345,016 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2016: | ||||||
$ 2,000 | 5.000%, 1/01/33 | 1/26 at 100.00 | A- | $2,335,700 | ||
1,650 | 5.000%, 1/01/35 | 1/26 at 100.00 | A- | 1,919,280 | ||
City of Houston, Texas, Convention & Entertainment Facilities Department Hotel Occupancy Tax and Special Revenue Bonds, Refunding Series 2019: | ||||||
2,400 | 5.000%, 9/01/32 | 9/28 at 100.00 | A | 2,997,096 | ||
1,250 | 5.000%, 9/01/34 | 9/28 at 100.00 | A | 1,551,638 | ||
1,700 | 5.000%, 9/01/35 | 9/28 at 100.00 | A | 2,102,696 | ||
2,155 | 5.000%, 9/01/36 | 9/28 at 100.00 | A | 2,654,637 | ||
660 | Clifton Higher Education Finance Corporation, Texas, Education Revenue Bonds, Idea Public Schools, Series 2012, 3.750%, 8/15/22 | No Opt. Call | BBB+ | 679,364 | ||
Conroe Independent School District, Montgomery County, Texas, General Obligation Bonds, Refunding School Building Series 2012: | ||||||
5,200 | 5.000%, 2/15/26 (Pre-refunded 2/15/21) | 2/21 at 100.00 | Aaa | 5,462,392 | ||
2,800 | 5.000%, 2/15/26 | 2/21 at 100.00 | AAA | 2,938,096 | ||
5,500 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Senior Lien Refunding Series 2019, 5.000%, 12/01/28 | No Opt. Call | AA+ | 7,147,140 | ||
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding & Improvement Series 2016: | ||||||
10,000 | 1.350%, 11/01/20 (AMT), 144A | No Opt. Call | A+ | 9,993,600 | ||
20,000 | 1.600%, 11/01/21 (AMT), 144A | No Opt. Call | A+ | 19,976,400 | ||
9,295 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012B, 5.000%, 11/01/35 | 11/20 at 100.00 | A+ | 9,646,537 | ||
11,750 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Bond Anticipation Note Series 2014A, 5.000%, 2/01/23 | No Opt. Call | A+ | 13,066,822 | ||
7,400 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 4/01/53 | 10/23 at 100.00 | AA+ | 8,257,364 | ||
Grand Prairie, Texas, General Obligation Bonds, Refunding Series 2019: | ||||||
1,350 | 5.000%, 2/15/21 (WI/DD, Settling 11/19/19) | No Opt. Call | AAA | 1,419,080 | ||
1,000 | 5.000%, 2/15/22 (WI/DD, Settling 11/19/19) | No Opt. Call | AAA | 1,086,070 | ||
1,000 | 5.000%, 2/15/23 (WI/DD, Settling 11/19/19) | No Opt. Call | AAA | 1,121,040 | ||
1,185 | 5.000%, 2/15/24 (WI/DD, Settling 11/19/19) | No Opt. Call | AAA | 1,368,083 | ||
1,250 | 5.000%, 2/15/25 (WI/DD, Settling 11/19/19) | No Opt. Call | AAA | 1,485,713 | ||
Hale Center Education Facilities Corporation, Texas, Revenue Bonds, Wayland Baptist University Project, Improvement and Refunding Series 2010: | ||||||
875 | 4.000%, 3/01/21 | No Opt. Call | A- | 902,738 | ||
550 | 4.000%, 3/01/22 | 3/21 at 100.00 | A- | 566,973 | ||
800 | 4.000%, 3/01/23 | 3/21 at 100.00 | A- | 824,160 | ||
440 | 4.250%, 3/01/25 | 3/21 at 100.00 | A- | 456,056 | ||
Harris County Cultural Educaion Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Healthcare System, Refunding Series 2013A: | ||||||
1,825 | 5.000%, 12/01/23 | 12/22 at 100.00 | A+ | 2,021,461 | ||
18,000 | 4.000%, 12/01/31 | 12/22 at 100.00 | A+ | 19,085,040 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Harris County Cultural Educaion Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Healthcare System, Series 2014A: | ||||||
$ 5,215 | 5.000%, 12/01/26 | 12/24 at 100.00 | A+ | $6,086,583 | ||
4,025 | 5.000%, 12/01/27 | 12/24 at 100.00 | A+ | 4,677,291 | ||
3,000 | 5.000%, 12/01/28 | 12/24 at 100.00 | A+ | 3,477,540 | ||
6,115 | 5.000%, 12/01/29 | 12/24 at 100.00 | A+ | 7,064,293 | ||
2,000 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Texas Childrens Hospital, Series 2019A, 4.000%, 10/01/35 | 10/29 at 100.00 | AA | 2,304,340 | ||
5,045 | Harris County Flood Control District, Texas, General Obligation Bonds, Refunding Contract Tax Series 2014A, 5.000%, 10/01/25 | 10/24 at 100.00 | Aaa | 5,957,489 | ||
3,015 | Harris County Health Facilities Development Corporation, Texas, Hospital Revenue Bonds, St Luke's Episcopal Hospital, Series 1991A, 6.750%, 2/15/21 (ETM) | 12/19 at 100.00 | AA+ (5) | 3,028,085 | ||
Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Series 2009A: | ||||||
5,120 | 5.000%, 11/01/22 (Pre-refunded 11/01/19) | 11/19 at 100.00 | AAA | 5,135,462 | ||
5,385 | 5.000%, 11/01/23 (Pre-refunded 11/01/19) | 11/19 at 100.00 | AAA | 5,401,263 | ||
5,660 | 5.000%, 11/01/24 (Pre-refunded 11/01/19) | 11/19 at 100.00 | AAA | 5,677,093 | ||
2,320 | Harris County Metropolitan Transit Authority, Texas, Sales and Use Tax Revenue Bonds, Tender Option Bond Trust 2016-XG0054, 10.626%, 11/01/41, 144A (IF) (6) | 11/21 at 100.00 | AAA | 2,788,385 | ||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series 2014C: | ||||||
285 | 5.000%, 11/15/22 | No Opt. Call | A3 | 312,884 | ||
425 | 5.000%, 11/15/23 | No Opt. Call | A3 | 478,142 | ||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
4,795 | 5.000%, 11/15/24 – AGM Insured | No Opt. Call | AA | 5,615,233 | ||
4,600 | 5.000%, 11/15/25 – AGM Insured | 11/24 at 100.00 | AA | 5,376,296 | ||
4,095 | 5.000%, 11/15/26 – AGM Insured | 11/24 at 100.00 | AA | 4,776,367 | ||
12,040 | 5.000%, 11/15/27 – AGM Insured | 11/24 at 100.00 | AA | 14,001,677 | ||
2,380 | Harrison County Health Facilities Development Corporation, Hospital Revenue Bonds, Texas, Good Shepherd Health System, Refunding Series 2010, 5.000%, 7/01/20 (ETM) | No Opt. Call | N/R (5) | 2,443,951 | ||
5,240 | Houston Independent School District, Harris County, Texas, General Obligation Bonds, Refunding Limited Tax Schoolhouse Series 2013A, 4.000%, 2/15/31 | 2/23 at 100.00 | AAA | 5,633,052 | ||
11,815 | Houston Independent School District, Harris County, Texas, General Obligation Bonds, Refunding Schoolhouse Series 2016A, 4.000%, 2/15/34 | 2/26 at 100.00 | AAA | 13,255,839 | ||
Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2011B: | ||||||
1,900 | 5.000%, 7/01/25 | 7/21 at 100.00 | A+ | 2,021,600 | ||
2,025 | 5.000%, 7/01/26 | 7/21 at 100.00 | A+ | 2,153,871 | ||
Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2012B: | ||||||
18,675 | 5.000%, 7/01/31 | 7/22 at 100.00 | A+ | 20,327,177 | ||
5,000 | 5.000%, 7/01/32 | 7/22 at 100.00 | A+ | 5,436,700 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 2,440 | Houston, Texas, Airport System Special Facilities Revenue Bonds, United Airlines, Inc Terminal E Project, Refunding Series 2014, 5.000%, 7/01/29 (AMT) | 7/24 at 100.00 | BB | $2,735,606 | ||
Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2018D: | ||||||
3,000 | 5.000%, 11/15/32 | 11/28 at 100.00 | Aa2 | 3,817,500 | ||
2,570 | 5.000%, 11/15/33 | 11/28 at 100.00 | Aa2 | 3,260,405 | ||
6,000 | Houston, Texas, General Obligation Bonds, Refunding Public Improvement Series 2017A, 5.000%, 3/01/22 | No Opt. Call | AA | 6,522,960 | ||
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment Project, Series 2001B: | ||||||
8,005 | 0.000%, 9/01/22 – AMBAC Insured | No Opt. Call | A | 7,624,042 | ||
3,815 | 0.000%, 9/01/23 – AMBAC Insured | No Opt. Call | A | 3,561,875 | ||
2,000 | Laredo Community College District, Webb County, Texas, General Obligation Bonds, Series 2014, 5.000%, 8/01/32 | 8/24 at 100.00 | AA- | 2,306,560 | ||
Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds Series 2015: | ||||||
1,000 | 5.000%, 11/01/26 (AMT) | 11/25 at 100.00 | A1 | 1,191,800 | ||
2,025 | 5.000%, 11/01/27 (AMT) | 11/25 at 100.00 | A1 | 2,406,247 | ||
1,570 | 5.000%, 11/01/28 (AMT) | 11/25 at 100.00 | A1 | 1,860,419 | ||
2,000 | 5.000%, 11/01/29 (AMT) | 11/25 at 100.00 | A1 | 2,360,760 | ||
2,000 | 5.000%, 11/01/30 (AMT) | 11/25 at 100.00 | A1 | 2,350,320 | ||
1,915 | Love Field Airport Modernization Corporation, Texas, Special Facilities Revenue Bonds, Southwest Airlines Company, Series 2010, 5.250%, 11/01/40 | 11/20 at 100.00 | A3 | 1,983,251 | ||
Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2018: | ||||||
2,135 | 5.000%, 5/15/21 | No Opt. Call | A+ | 2,261,862 | ||
1,845 | 5.000%, 5/15/22 | No Opt. Call | A+ | 2,014,740 | ||
McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013: | ||||||
3,045 | 5.000%, 12/01/25 | No Opt. Call | B1 | 3,322,917 | ||
2,720 | 5.250%, 12/01/28 | 12/25 at 100.00 | B1 | 2,989,443 | ||
2,700 | Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT) | 10/21 at 105.00 | BB- | 2,933,388 | ||
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds, Children's Medical Center Dallas Project, Series 2012: | ||||||
4,380 | 5.000%, 8/15/24 (Pre-refunded 8/15/22) | 8/22 at 100.00 | Aa2 (5) | 4,838,849 | ||
4,720 | 5.000%, 8/15/25 (Pre-refunded 8/15/22) | 8/22 at 100.00 | Aa2 (5) | 5,214,467 | ||
3,945 | 5.000%, 8/15/26 (Pre-refunded 8/15/22) | 8/22 at 100.00 | Aa2 (5) | 4,358,278 | ||
7,025 | 5.000%, 8/15/27 (Pre-refunded 8/15/22) | 8/22 at 100.00 | Aa2 (5) | 7,760,939 | ||
North Texas Tollway Authority, Special Projects System Revenue Bonds, Convertible Capital Appreciation Series 2011C: | ||||||
3,855 | 0.000%, 9/01/43 (Pre-refunded 9/01/31) (7) | 9/31 at 100.00 | N/R (5) | 4,838,025 | ||
9,130 | 0.000%, 9/01/45 (Pre-refunded 9/01/31) (7) | 9/31 at 100.00 | N/R (5) | 12,458,341 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
North Texas Tollway Authority, Special Projects System Revenue Bonds, Current Interest Series 2011D: | ||||||
$ 8,655 | 5.250%, 9/01/25 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (5) | $9,295,643 | ||
5,040 | 5.250%, 9/01/26 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (5) | 5,413,061 | ||
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2019A: | ||||||
5,000 | 3.000%, 1/01/35 | 1/29 at 100.00 | A+ | 5,126,000 | ||
5,310 | 4.000%, 1/01/36 | 1/29 at 100.00 | A+ | 6,097,473 | ||
870 | Sunnyvale School District, Texas, General Obligation Bonds, School Building Series 2007, 4.400%, 2/15/20 | 10/19 at 100.00 | AAA | 872,192 | ||
4,830 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Baylor Health Care System, Series 2011A, 5.000%, 11/15/30 | 11/21 at 100.00 | AA- | 5,145,930 | ||
1,285 | Tarrant County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Hendrick Medical Center, Refunding Series 2013, 5.125%, 9/01/33 | 9/23 at 100.00 | A | 1,432,762 | ||
3,000 | Texas Department of Housing and Community Affairs, Single Family Mortgage Revenue Bonds, Series 2018A, 4.125%, 9/01/38 | 9/27 at 100.00 | Aaa | 3,292,830 | ||
5,000 | Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012, 5.000%, 12/15/21 | No Opt. Call | A3 | 5,350,850 | ||
4,750 | Texas Private Activity Bond Surface Transporation Corporation, Senior Lien Revenue Bonds, Blueridge Transportation Group, LLC SH 288 Toll Lanes Project, Series 2016, 5.000%, 12/31/40 (AMT) | 12/25 at 100.00 | Baa3 | 5,346,220 | ||
5,000 | Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Refunding Series 2014, 4.000%, 10/01/33 | 4/24 at 100.00 | AAA | 5,500,850 | ||
3,250 | Texas State, General Obligation Bonds, Transportation Commission Mobility Fund, Refunding Series 2014A, 5.000%, 10/01/22 | No Opt. Call | AAA | 3,610,425 | ||
16,250 | Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier Refunding Series 2015C, 5.000%, 8/15/31 | 8/24 at 100.00 | BBB+ | 18,534,750 | ||
Texas Transportation Commission, State Highway 249 System Revenue Bonds, First Tier Toll Series 2019A: | ||||||
1,125 | 0.000%, 8/01/35 | 2/29 at 76.82 | Baa3 | 641,340 | ||
1,590 | 0.000%, 8/01/36 | 2/29 at 73.16 | Baa3 | 858,934 | ||
2,070 | 0.000%, 8/01/37 | 2/29 at 69.41 | Baa3 | 1,052,222 | ||
1,100 | 0.000%, 8/01/39 | 2/29 at 62.63 | Baa3 | 500,093 | ||
Val Verde County, Texas, Pass-Through Toll Revenue and Limited Tax Bonds, Series 2011: | ||||||
3,015 | 4.000%, 8/15/20 | No Opt. Call | A | 3,081,420 | ||
3,135 | 4.000%, 8/15/21 | No Opt. Call | A | 3,283,662 | ||
8,830 | Williamson County, Texas, General Obligation Bonds, Limited Tax Refunding Series 2012, 5.000%, 2/15/26 | 2/22 at 100.00 | AAA | 9,600,859 | ||
439,745 | Total Texas | 481,282,971 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Utah – 0.1% | ||||||
Utah Associated Municipal Power Systems, Revenue Bonds, Horse Butte Wind Project, Series 2012A: | ||||||
$ 3,340 | 5.000%, 9/01/23 (Pre-refunded 9/01/22) | 9/22 at 100.00 | A (5) | $3,689,164 | ||
2,000 | 5.000%, 9/01/25 (Pre-refunded 9/01/22) | 9/22 at 100.00 | A (5) | 2,209,080 | ||
2,265 | 5.000%, 9/01/26 (Pre-refunded 9/01/22) | 9/22 at 100.00 | A (5) | 2,501,783 | ||
7,605 | Total Utah | 8,400,027 | ||||
Virginia – 1.8% | ||||||
8,765 | Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Bond Anticipation Notes Series 2019, 5.000%, 11/01/23 | No Opt. Call | BBB | 9,943,630 | ||
5,390 | Chesapeake Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company Project, Refunding Series 2008A, 1.900%, 2/01/32 (Mandatory Put 6/01/23) | No Opt. Call | A2 | 5,474,192 | ||
10,755 | Fairfax County, Virginia, General Obligation Bonds, Refunding Public Improvement Series 2016A, 4.000%, 10/01/19 | No Opt. Call | AAA | 10,755,000 | ||
9,785 | Loudoun County Economic Development Authority, Virginia, Lease Revenue Bonds, Metrorail Service District Improvement Silver LIne Phase 2 Project, Series 2018, 2.000%, 4/01/22 | 4/20 at 100.00 | AA+ | 9,811,615 | ||
6,785 | Louisa Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company, Refunding Series 2008A, 1.900%, 11/01/35 (Mandatory Put 6/01/23) | No Opt. Call | A2 | 6,873,748 | ||
5,880 | Louisa Industrial Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company, Series 2008C, 1.800%, 11/01/35 (Mandatory Put 4/01/22) | No Opt. Call | A2 | 5,918,573 | ||
Metropolitan Washington Airports Authority, Virginia, Dulles Toll Road Revenue Bonds, Dulles Metrorail & Capital Improvement Projects, Refunding First Senior Lien Series 2019A: | ||||||
1,800 | 5.000%, 10/01/32 | 10/28 at 100.00 | A2 | 2,262,906 | ||
1,250 | 5.000%, 10/01/33 | 10/28 at 100.00 | A2 | 1,566,950 | ||
1,750 | 5.000%, 10/01/34 | 10/28 at 100.00 | A2 | 2,186,782 | ||
2,000 | 5.000%, 10/01/35 | 10/28 at 100.00 | A2 | 2,492,100 | ||
760 | Roanoke Economic Development Authority, Virgina, Residential Care Facility Mortgage Revenue Refunding Bonds, Virginia Lutheran Homes Brandon Oaks Project, Series 2012, 5.000%, 12/01/32 | 12/22 at 100.00 | N/R | 798,479 | ||
1,185 | Stafford County Economic Development Authority, Virginia, Hospital Facilities Revenue Bonds, Mary Washington Healthcare Obligated Group, Refunding Series 2016, 3.125%, 6/15/31 | 6/26 at 100.00 | A3 | 1,244,724 | ||
710 | Virginia College Building Authority, Educational Facilities Revenue Bonds, Marymount University Project, Refunding Series 2015A, 5.000%, 7/01/45, 144A | 7/25 at 100.00 | BB+ | 761,532 | ||
39,100 | Virginia Small Business Financing Authority, Private Activity Revenue Bonds, Transform 66 P3 Project, Senior Lien Series 2017, 5.000%, 12/31/52 (AMT) | 6/27 at 100.00 | BBB | 44,961,872 | ||
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, 95 Express Lanes LLC Project, Series 2019: | ||||||
6,535 | 5.000%, 1/01/44 (AMT) | 1/22 at 100.00 | BBB | 6,953,109 | ||
11,715 | 5.000%, 7/01/49 (AMT) | 1/22 at 100.00 | BBB | 12,459,254 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 6,835 | Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River Crossing, Opco LLC Project, Series 2012, 5.500%, 1/01/42 (AMT) | 7/22 at 100.00 | BBB | $7,442,426 | ||
8,650 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2009A, 2.150%, 10/01/40 (Mandatory Put 9/01/20) | No Opt. Call | A2 | 8,698,440 | ||
8,000 | York County Economic Development Authority, Virginia, Pollution Control Revenue Bonds, Virginia Electric and Power Company Project, Refunding Series 2009A, 1.900%, 5/01/33 (Mandatory Put 6/01/23) | No Opt. Call | A2 | 8,088,960 | ||
137,650 | Total Virginia | 148,694,292 | ||||
Washington – 2.8% | ||||||
Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Refunding Series 2019A: | ||||||
27,890 | 5.000%, 7/01/36 | 7/29 at 100.00 | Aa1 | 35,679,119 | ||
50,350 | 5.000%, 7/01/37 | 7/29 at 100.00 | Aa1 | 64,061,312 | ||
2,900 | Port of Seattle, Washington, Revenue Bonds, Refunding Intermediate Lien Series 2016, 5.000%, 2/01/29 | 2/26 at 100.00 | AA- | 3,487,482 | ||
2,340 | Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, Refunding & Improvement Series 2016, 5.000%, 12/01/37 | 12/26 at 100.00 | Baa2 | 2,660,463 | ||
6,000 | Snohomish County School District 2, Everett, Washington, General Obligation Bonds, Series 2018, 5.000%, 12/01/19 | No Opt. Call | Aaa | 6,036,600 | ||
10,485 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/24) | 2/24 at 100.00 | BBB+ | 11,953,424 | ||
15,005 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 17,448,114 | ||
16,030 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-3, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 19,020,877 | ||
6,000 | Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2011A, 5.375%, 1/01/31 | 1/21 at 100.00 | A+ | 6,237,840 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2015: | ||||||
2,730 | 5.000%, 1/01/26 | 7/25 at 100.00 | A+ | 3,221,236 | ||
1,285 | 5.000%, 1/01/27 | 7/25 at 100.00 | A+ | 1,510,261 | ||
Washington Health Care Facilities Authority, Revenue Bonds, PeaceHealth, Refunding Series 2014A: | ||||||
1,295 | 5.000%, 11/15/22 | No Opt. Call | AA- | 1,435,857 | ||
2,035 | 5.000%, 11/15/24 | 5/24 at 100.00 | AA- | 2,352,257 | ||
14,000 | Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Refunding Series 2012A, 5.000%, 10/01/33 | 10/22 at 100.00 | AA- | 15,378,720 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Providence Saint Joseph Health, Series 2018B: | ||||||
4,015 | 5.000%, 10/01/30 | 10/28 at 100.00 | AA- | 5,109,248 | ||
2,780 | 5.000%, 10/01/31 | 10/28 at 100.00 | AA- | 3,509,166 | ||
3,010 | 5.000%, 10/01/32 | 10/28 at 100.00 | AA- | 3,769,935 | ||
2,600 | 5.000%, 10/01/33 | 10/28 at 100.00 | AA- | 3,237,390 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
Washington Health Care Facilities Authority, Revenue Bonds, Virginia Mason Medical Center, Series 2017: | ||||||
$ 5,120 | 5.000%, 8/15/29 | 8/27 at 100.00 | BBB | $6,050,048 | ||
5,000 | 5.000%, 8/15/34 | 8/27 at 100.00 | BBB | 5,815,950 | ||
5,765 | 5.000%, 8/15/36 | 8/27 at 100.00 | BBB | 6,673,218 | ||
1,330 | Washington State Health Care Facilities Authority, Revenue Bonds, Central Washington Health Services Association, Series 2009, 6.250%, 7/01/24 | 10/19 at 100.00 | Baa1 | 1,332,248 | ||
4,415 | Whidbey Island Public Hospital District, Island County, Washington, General Obligation Bonds, Whidbey General Hospital, Series 2013, 5.500%, 12/01/33 | 12/22 at 100.00 | Baa2 | 4,779,591 | ||
192,380 | Total Washington | 230,760,356 | ||||
West Virginia – 0.4% | ||||||
4,830 | West Virginia Economic Development Authority, Energy Revenue Bonds, Morgantown Energy Associates Project, Refunding Series 2016, 2.875%, 12/15/26 (AMT) | No Opt. Call | Baa3 | 4,883,227 | ||
10,335 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Series 2011A, 1.700%, 1/01/41 (Mandatory Put 9/01/20) (AMT) | No Opt. Call | A- | 10,331,176 | ||
6,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009A, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 6,173,340 | ||
6,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009B, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 6,173,340 | ||
4,830 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Wheeling Power Company - Mitchell Project, Series 2013A, 3.000%, 6/01/37 (Mandatory Put 4/01/22) (AMT) | No Opt. Call | A- | 4,979,392 | ||
1,030 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical Center, Series 2014A, 5.000%, 9/01/25 | 9/24 at 100.00 | Baa1 | 1,180,998 | ||
33,025 | Total West Virginia | 33,721,473 | ||||
Wisconsin – 1.8% | ||||||
Ashwaubenon Community Development Authority, Wisconsin, Lease Revenue Bonds, Brown County Expo Center Project, Series 2019: | ||||||
1,750 | 4.000%, 6/01/31 | 6/29 at 100.00 | AA | 2,060,135 | ||
2,000 | 4.000%, 6/01/35 | 6/29 at 100.00 | AA | 2,310,720 | ||
24,400 | Public Finance Authority of Wisconsin, Limited Obligation PILOT Revenue Bonds, American Dream @ Meadowlands Project, Series 2017, 6.500%, 12/01/37, 144A | 12/27 at 100.00 | N/R | 29,288,784 | ||
Public Finance Authority of Wisconsin, Revenue Bonds, Denver international Airport Great Hall Project, Series 2017: | ||||||
2,000 | 5.000%, 9/30/37 (AMT) | 9/27 at 100.00 | BBB | 2,061,700 | ||
16,735 | 5.000%, 9/30/49 (AMT) | 9/27 at 100.00 | BBB | 17,250,271 | ||
5,500 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2016A-1, 2.625%, 11/01/25 (AMT) | No Opt. Call | A- | 5,684,250 | ||
7,770 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2016A-2, 2.875%, 5/01/27 (AMT) | 5/26 at 100.00 | A- | 8,146,534 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
$ 4,420 | Public Finance Authority, Wisconsin, Educational Revenue Bonds, Lake Norman Charter School, Series 2018A, 4.000%, 6/15/28, 144A | 6/26 at 100.00 | BBB- | $4,736,163 | ||
University of Wisconsin Hospitals and Clinics Authority, Revenue Bonds, Refunding Series 2013A: | ||||||
335 | 5.000%, 4/01/20 | No Opt. Call | AA- | 341,074 | ||
470 | 5.000%, 4/01/22 | No Opt. Call | AA- | 511,633 | ||
Wisconsin Health & Educational Facs Authority, Health Facilities Revenue Bonds, UnityPoint Health Project, Series 2014A: | ||||||
780 | 5.000%, 12/01/26 | 11/24 at 100.00 | AA- | 909,589 | ||
3,950 | 5.000%, 12/01/27 | 11/24 at 100.00 | AA- | 4,592,823 | ||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc, Series 2012A: | ||||||
1,020 | 5.000%, 7/15/25 (Pre-refunded 7/15/21) | 7/21 at 100.00 | Aa3 (5) | 1,086,963 | ||
14,400 | 5.000%, 7/15/27 – AGM Insured (Pre-refunded 7/15/21) | 7/21 at 100.00 | Aa3 (5) | 15,345,360 | ||
2,060 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit College, Series 2010A, 6.000%, 6/01/30 (Pre-refunded 6/01/20) | 6/20 at 100.00 | N/R (5) | 2,123,324 | ||
8,670 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Childrens Hospital of Wisconsin Inc, Series 2008B, 5.500%, 8/15/29 (Pre-refunded 2/15/20) | 2/20 at 100.00 | N/R (5) | 8,802,911 | ||
5,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic Health System, Inc, Series 2017C, 5.000%, 2/15/47 | 2/27 at 100.00 | A- | 5,711,250 | ||
1,000 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic, Series 2012B, 5.000%, 2/15/40 | 2/22 at 100.00 | A- | 1,055,510 | ||
2,715 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital Inc, Series 1992A, 6.000%, 12/01/22 – FGIC Insured | No Opt. Call | A1 | 2,864,759 | ||
1,775 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care, Inc, Refunding 2012C, 5.000%, 8/15/24 (Pre-refunded 8/15/22) | 8/22 at 100.00 | N/R (5) | 1,958,304 | ||
2,000 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Advocate Aurora Health Credit Group, Series 2018A, 4.000%, 8/15/36 | 8/28 at 100.00 | AA | 2,254,440 | ||
4,365 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ProHealth Care, Inc Obligated Group, Refunding Series 2015, 5.000%, 8/15/39 | 8/24 at 100.00 | A+ | 4,865,753 | ||
2,850 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint John's Communities Inc, Series 2018A, 5.000%, 9/15/40 | 9/23 at 100.00 | BBB- | 3,008,631 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ThedaCare Inc, Series 2015: | ||||||
825 | 5.000%, 12/15/23 | No Opt. Call | AA- | 940,541 | ||
1,310 | 5.000%, 12/15/25 | 12/24 at 100.00 | AA- | 1,532,255 | ||
3,000 | Wisconsin Housing and Ecconomic Development Authority, Home Ownership Revenue Bonds, Series 2019C, 2.750%, 9/01/39 | 9/28 at 100.00 | AA | 2,979,570 | ||
Wisconsin State, General Obligation Bonds, Refunding Series 2014-2: | ||||||
85 | 5.000%, 5/01/24 (Pre-refunded 5/01/22) | 5/22 at 100.00 | N/R (5) | 92,909 | ||
5,785 | 5.000%, 5/01/24 | 5/22 at 100.00 | Aa1 | 6,332,666 | ||
8,100 | WPPI Energy, Wisconsin, Power Supply System Revenue Bonds, Series 2013A, 5.000%, 7/01/37 | 7/23 at 100.00 | A1 | 9,093,627 | ||
135,070 | Total Wisconsin | 147,942,449 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wyoming – 0.7% | ||||||
$ 10,720 | Campbell County, Wyoming Solid Waste Facilities Revenue Bonds, Basin Electric Power Cooperative, Dry Fork Station Facilities, Series 2019A, 3.625%, 7/15/39 | 5/29 at 100.00 | A | $11,488,302 | ||
5,500 | Sweetwater County, Wyoming, Hospital Revenue Bonds, Memorial Hospital Project, Refunding Series 2013A, 5.000%, 9/01/30 | 9/23 at 100.00 | BB+ | 5,925,920 | ||
23,735 | Sweetwater County, Wyoming, Pollution Control Revenue Refunding Bonds, Idaho Power Company Project, Series 2006, 1.700%, 7/15/26 | No Opt. Call | A1 | 23,627,243 | ||
6,960 | Wyoming Community Development Authority, Housing Revenue Bonds, 2015 Series 6, 3.900%, 12/01/34 | 12/24 at 100.00 | AA+ | 7,430,218 | ||
6,500 | Wyoming Community Development Authority, Housing Revenue Bonds, 2019 Series 3, 2.650%, 12/01/39 | 12/28 at 100.00 | AA+ | 6,397,430 | ||
53,415 | Total Wyoming | 54,869,113 | ||||
$ 7,649,030 | Total Long-Term Investments (cost $7,623,905,356) | 8,019,080,942 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 3.2% | ||||||
MUNICIPAL BONDS – 3.2% | ||||||
National – 0.2% | ||||||
$ 14,810 | BB&T Municipal Trust Pool Tax Exempt Lease Certificates Class C Series 2018, Variable Rate Demand Obligations, 2.380%, 11/30/21 (Mandatory Put 11/14/19) (SIFMA reference rate + 0.80% spread), 144A (4), (9) | No Opt. Call | A+ | $14,810,000 | ||
1,165 | BB&T Municipal Trust Pool Tax Exempt Lease Certificates Class D Series 2018, Variable Rate Demand Obligations, 2.580%, 7/31/23 (Mandatory Put 11/14/19) (SIFMA reference rate + 1.00% spread), 144A (4), (9) | No Opt. Call | A+ | 1,165,000 | ||
15,975 | Total National | 15,975,000 | ||||
Alabama – 0.4% | ||||||
28,940 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Variable Rate Demand Obligations, Series 2008, 2.900%, 7/15/34 (Mandatory Put 12/12/23) (9) | No Opt. Call | F1 | 30,202,363 | ||
Alaska – 0.1% | ||||||
11,395 | Alaska Housing Finance Corporation, General Obligation Bonds, State Capital Project Series 2002A, Variable Rate Demand Obligations, 1.550%, 7/01/22 (Mandatory Put 11/14/19) (9) | 11/19 at 100.00 | A-1+ | 11,395,000 | ||
Colorado – 0.1% | ||||||
5,000 | Colorado Housing and Finance Authority, Single Family Mortgage Bonds, Class I Series 2018B, Variable Rate Demand Obligations, 1.620%, 11/01/41 (Mandatory Put 11/20/19) (9) | 11/19 at 100.00 | A-1+ | 5,000,000 | ||
Florida – 0.7% | ||||||
11,785 | Florida Keys Aqueduct Authority, Water Revenue Bonds, Series 2008, Variable Rate Demand Obligations, 1.520%, 9/01/35 (Mandatory Put 11/20/19) (9) | 11/19 at 100.00 | A-1+ | 11,785,000 | ||
38,910 | Gainesville, Florida, Utilities System Revenue Bonds, Series 2007A, Variable Rate Demand Obligations, 1.650%, 10/01/36 (Mandatory Put 11/20/19) (9) | 11/19 at 100.00 | A-1+ | 38,910,000 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 10,800 | Orlando Utilities Commission, Florida, Utility System Revenue Bonds, Series 2008-2, Variable Rate Demand Obligations, 1.590%, 10/01/33 (Mandatory Put 11/20/19) (9) | 12/19 at 100.00 | A-1+ | $ 10,800,000 | ||
61,495 | Total Florida | 61,495,000 | ||||
Michigan – 0.1% | ||||||
5,895 | Michigan State University, General Revenue Bonds, Series 2003A, Variable Rate Demand Obligations, 1.630%, 2/15/33 (Mandatory Put 11/20/19) (9) | 11/19 at 100.00 | A-1+ | 5,895,000 | ||
4,745 | Michigan State University, General Revenue Bonds, Trust Series Floaters 2018-E-127, Variable Rate Demand Obligations, 1.750%, 7/01/20 (Mandatory Put 11/14/19), 144A (9) | 11/19 at 100.00 | F1+ | 4,745,000 | ||
10,640 | Total Michigan | 10,640,000 | ||||
New Jersey – 0.1% | ||||||
4,520 | New Jersey Turnpike Authority, Revenue Bonds, Tender Option Bond Floater Series 2017-ZM0566, Variable Rate Demand Obligations, 1.710%, 7/01/25 (Mandatory Put 11/14/19), 144A (9) | No Opt. Call | A-1 | 4,520,000 | ||
New York – 0.5% | ||||||
13,900 | New York City Municipal Water Finance Authority, New York, Water and Sewer System Second General Resolution Revenue Bonds, Fiscal 2015 Adjustable Rate Series BB-4, Variable Rate Demand Obligations, 1.770%, 6/15/50 (Mandatory Put 11/14/19) (9) | 11/19 at 100.00 | A-1 | 13,900,000 | ||
29,305 | New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Fiscal Series 2003A, Variable Rate Demand Obligations, 1.770%, 11/01/29 (Mandatory Put 11/15/19) (9) | 11/19 at 100.00 | A-1 | 29,305,000 | ||
300 | New York City, New York, General Obligation Bonds, Fiscal 2018 Series B-5, Variable Rate Demand Obligations, 1.770%, 10/01/46 (Mandatory Put 11/14/19) (9) | 11/19 at 100.00 | A-1 | 300,000 | ||
43,505 | Total New York | 43,505,000 | ||||
Pennsylvania – 0.0% | ||||||
2,190 | Emmaus General Authority, Pennsylvania, Series 1996, Variable Rate Demand Obligations, 1.580%, 12/01/28 – AGM Insured (Mandatory Put 11/13/19) (9) | 12/19 at 100.00 | A-1 | 2,190,000 | ||
Texas – 0.9% | ||||||
59,965 | Texas State, General Obligation Veterans Bonds, Series 2012B, Variable Rate Demand Obligations, 1.620%, 12/01/42 (Mandatory Put 11/20/19) (9) | No Opt. Call | VMIG-1 | 59,965,000 | ||
15,240 | Texas State, General Obligation Veterans Bonds, Series 2015B, Variable Rate Demand Obligations, 1.650%, 6/01/46 (Mandatory Put 11/20/19) (9) | 12/19 at 100.00 | VMIG-1 | 15,240,000 | ||
75,205 | Total Texas | 75,205,000 | ||||
Washington – 0.1% | ||||||
5,000 | King County, Washington, General Obligation Bonds, Refunding Multi-Modal Limited Tax Payable from Sewer Revenues Series 2019A, Variable Rate Demand Obligations, 1.720%, 1/01/46 (Mandatory Put 11/14/19) (9) | 11/19 at 100.00 | A-1+ | 5,000,000 | ||
$ 263,865 | Total Short-Term Investments (cost $263,865,000) | 265,127,363 | ||||
Total Investments (cost $7,887,770,356) – 99.6% | 8,284,208,305 | |||||
Other Assets Less Liabilities – 0.4% | 31,923,393 | |||||
Net Assets – 100% | $ 8,316,131,698 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(6) | Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in inverse floating rate transactions. | |
(7) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(8) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(9) | Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
DD1 | Portion of investment purchased on a delayed delivery basis. | |
ETM | Escrowed to maturity | |
IF | Inverse floating rate security issued by a tender option bond (“TOB”) trust, the interest rate on which varies inversely with the Securities Industry Financial Markets Association (SIFMA) short-term rate, which resets weekly, or a similar short-term rate, and is reduced by the expenses related to the TOB trust. | |
LIBOR | London Inter-Bank Offered Rate | |
SIFMA | Securities Industry and Financial Market Association | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TEM INVESTMENTS – 97.8% | ||||||
MUNICIPAL BONDS – 97.8% | ||||||
National – 0.2% | ||||||
$ 9,000 | Federal Home Loan Mortgage Corporation, Multifamily Certificates Relating to Municpal Securities Class A Series 2019M-057, 2.400%, 10/15/29 | No Opt. Call | AA+ | $9,367,380 | ||
2,857 | Freddie Mac Multifamily ML Certificates, Series ML 05, Series 2019A, 3.400%, 1/25/36 | No Opt. Call | AA+ | 3,171,086 | ||
11,857 | Total National | 12,538,466 | ||||
Alabama – 1.9% | ||||||
9,790 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 3 Series 2018A, 4.000%, 12/01/48 (Mandatory Put 12/01/23) | No Opt. Call | A | 10,561,550 | ||
32,945 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2016, 4.000%, 7/01/46 (Mandatory Put 6/01/21) | No Opt. Call | Aa2 | 34,222,937 | ||
35,075 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2017A, 4.000%, 8/01/47 (Mandatory Put 7/01/22) | No Opt. Call | Aa2 | 37,227,903 | ||
6,000 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Series 2007A, 1.850%, 6/01/34 (Mandatory Put 3/24/20) | No Opt. Call | A1 | 6,006,780 | ||
20,085 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24) | 5/24 at 100.29 | A | 21,869,351 | ||
103,895 | Total Alabama | 109,888,521 | ||||
Alaska – 0.6% | ||||||
1,290 | Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2016A-II, 1.900%, 12/01/24 | No Opt. Call | AA+ | 1,309,427 | ||
7,810 | Alaska Housing Finance Corporation, Mortgage Revenue Bonds, General Series 2018A-II, 3.450%, 12/01/33 | 6/27 at 100.00 | AA+ | 8,349,593 | ||
4,575 | Alaska Industrial Development and Export Authority, Loan Anticipation Revenue Notes, YKHC Project, Series 2017, 3.500%, 12/01/20 | 12/19 at 100.00 | N/R | 4,585,202 | ||
Alaska Industrial Development and Export Authority, Power Revenue Bonds, Snettisham Hydroelectric Project, Refunding Series 2015: | ||||||
1,655 | 5.000%, 1/01/24 (AMT) | No Opt. Call | Baa2 | 1,816,098 | ||
3,565 | 5.000%, 1/01/26 (AMT) | 7/25 at 100.00 | Baa2 | 3,996,686 | ||
790 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 4.625%, 6/01/23 | 10/19 at 100.00 | A2 | 791,256 | ||
10,215 | Valdez, Alaska, Marine Terminal Revenue Bonds, BP Pipelines Inc Project, Refunding Series 2003B, 5.000%, 1/01/21 | No Opt. Call | A1 | 10,657,514 | ||
3,645 | Valdez, Alaska, Marine Terminal Revenue Bonds, BP Pipelines Inc Project, Refunding Series 2003C, 5.000%, 1/01/21 | No Opt. Call | A1 | 3,802,901 | ||
33,545 | Total Alaska | 35,308,677 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona – 2.3% | ||||||
Arizona State, Certificates of Participation, Refunding Series 2019A: | ||||||
$ 5,430 | 5.000%, 10/01/26 | No Opt. Call | AA- | $6,730,431 | ||
5,000 | 5.000%, 10/01/27 | No Opt. Call | AA- | 6,326,050 | ||
2,975 | Arizona State, Certificates of Participation, Series 2010A, 5.000%, 10/01/19 – AGM Insured | No Opt. Call | AA | 2,975,000 | ||
120 | Arizona State, State Lottery Revenue Bonds, Series 2010A, 5.000%, 7/01/20 – AGM Insured | No Opt. Call | AA+ | 123,270 | ||
16,775 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2005, 2.400%, 12/01/35 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 17,307,103 | ||
1,625 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 1,684,849 | ||
6,270 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 7,198,023 | ||
2,220 | Coconino County, Arizona, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding AMT Series 2017A, 1.800%, 9/01/32 (Mandatory Put 5/21/20) (AMT) | No Opt. Call | A+ | 2,221,243 | ||
1,200 | Coconino County, Arizona, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017B, 1.600%, 3/01/39 (Mandatory Put 5/21/20) | No Opt. Call | A+ | 1,200,672 | ||
Dysart Unified School District Number 89, Maricopa County, Arizona, General Obligation Bonds, Refunding Series 2014: | ||||||
575 | 5.000%, 7/01/20 | No Opt. Call | AAA | 590,715 | ||
765 | 5.000%, 7/01/21 | No Opt. Call | AAA | 813,723 | ||
14,500 | Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019B, 5.000%, 9/01/45 (Mandatory Put 9/01/24) | No Opt. Call | A2 | 16,864,515 | ||
6,665 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2017C, 5.000%, 1/01/48 (Mandatory Put 10/18/24) | No Opt. Call | AA- | 7,771,790 | ||
4,000 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019B, 1.470%, 1/01/35 (Mandatory Put 11/14/19) (SIFMA reference rate + 0.38% spread) (4) | 4/22 at 100.00 | AA- | 4,008,320 | ||
3,440 | Maricopa County Industrial Development Authority, Arizona, Revenue Bonds, Banner Health, Series 2019C, 1.660%, 1/01/35 (Mandatory Put 11/14/19) (SIFMA reference rate + 0.57% spread) (4) | 10/23 at 100.00 | AA- | 3,448,806 | ||
11,000 | Maricopa County Pollution Control Corporation, Arizona, Pollution Control Revenue Refunding Bonds, Public Service Company of New Mexico Palo Verde Project, Series 2010A, 2.400%, 6/01/43 (Mandatory Put 6/01/20) | No Opt. Call | BBB+ | 11,054,120 | ||
Maricopa County Unified School District 60 Higley, Arizona, General Obligation Bonds, Refunding School Improvement Series 2015: | ||||||
575 | 4.000%, 7/01/20 – AGM Insured | No Opt. Call | AA | 586,759 | ||
1,565 | 4.000%, 7/01/21 – AGM Insured | No Opt. Call | AA | 1,639,682 | ||
750 | 4.000%, 7/01/22 – AGM Insured | No Opt. Call | AA | 803,415 | ||
1,270 | Maricopa County Unified School District 60 Higley, Arizona, General Obligation Bonds, School Improvement Project of 2013, Series 2014A, 4.000%, 7/01/24 | No Opt. Call | Aa3 | 1,416,761 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
Mesa, Arizona, General Obligation Bonds, Refunding Series 2012: | ||||||
$ 1,425 | 4.000%, 7/01/20 | No Opt. Call | AA | $1,454,141 | ||
2,225 | 4.000%, 7/01/21 | No Opt. Call | AA | 2,331,577 | ||
2,055 | 4.000%, 7/01/22 | No Opt. Call | AA | 2,208,858 | ||
Mesa, Arizona, Street and Highway User Revenue Bonds, Refunding Series 2012: | ||||||
2,415 | 5.000%, 7/01/21 | No Opt. Call | AA | 2,567,097 | ||
4,030 | 5.000%, 7/01/22 | No Opt. Call | AA | 4,434,531 | ||
3,615 | Mesa, Arizona, Street and Highway User Revenue Bonds, Refunding Series 2015, 5.000%, 7/01/26 | 7/25 at 100.00 | AA | 4,342,157 | ||
Mesa, Arizona, Utility System Revenue Bonds, Refunding Series 2012: | ||||||
5,370 | 5.000%, 7/01/20 | No Opt. Call | Aa2 | 5,519,608 | ||
6,115 | 5.000%, 7/01/21 | No Opt. Call | Aa2 | 6,513,270 | ||
295 | Pima County Industrial Development Authority, Arizona, Revenue Bonds, Tucson Electric Power Company Project, Series 2013A, 4.000%, 9/01/29 | 3/23 at 100.00 | A- | 313,069 | ||
Pinal County, Arizona, Pledged Revenue Obligations, Refunding Series 2014: | ||||||
1,305 | 5.000%, 8/01/22 | No Opt. Call | AA | 1,438,736 | ||
2,000 | 5.000%, 8/01/23 | No Opt. Call | AA | 2,273,140 | ||
2,000 | 5.000%, 8/01/24 | No Opt. Call | AA | 2,339,080 | ||
1,000 | Pinal County, Arizona, Pledged Revenue Obligations, Series 2014, 5.000%, 8/01/24 | No Opt. Call | AA | 1,169,540 | ||
120,570 | Total Arizona | 131,670,051 | ||||
Arkansas – 0.8% | ||||||
8,605 | Arkansas State, Federal Highway Grant Anticipation and Tax Revenue Bonds, Series 2013, 5.000%, 10/01/22 | No Opt. Call | Aa1 | 9,559,295 | ||
1,400 | Crittenden County, Arkansas, Sales and Use Tax Revenue Bonds, Series 2017, 5.000%, 3/01/21 | No Opt. Call | A | 1,468,488 | ||
5,250 | Fayetteville, Arkansas, Sales and Use Tax Revenue Bonds, Refunding & Capital Improvement Series 2019A, 2.000%, 11/01/29 | 11/26 at 100.00 | AA- | 5,361,825 | ||
670 | Little Rock, Arkansas, Hotel and Restaurant Gross Receipts Tax Bonds, Series 2014, 5.000%, 7/01/21 | No Opt. Call | A+ | 712,438 | ||
Pulaksi County Public Facilities Board, Arkansas, Health Facilities Revenue Bonds, CARTI Project, Series 2013: | ||||||
995 | 4.000%, 7/01/20 | No Opt. Call | BB+ | 1,001,676 | ||
1,020 | 4.000%, 7/01/21 | No Opt. Call | BB+ | 1,035,575 | ||
1,075 | 4.000%, 7/01/22 | No Opt. Call | BB+ | 1,095,984 | ||
1,180 | 5.250%, 7/01/27 | 7/23 at 100.00 | BB+ | 1,221,607 | ||
470 | 5.250%, 7/01/28 | 7/23 at 100.00 | BB+ | 486,831 | ||
Pulaski County Public Facilities Board, Arkansas, Healthcare Revenue Bonds, Baptist Health, Series 2014: | ||||||
500 | 5.000%, 12/01/22 | No Opt. Call | A | 552,840 | ||
1,740 | 5.000%, 12/01/23 | No Opt. Call | A | 1,977,005 | ||
2,110 | 5.000%, 12/01/24 | No Opt. Call | A | 2,461,336 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arkansas (continued) | ||||||
Rogers School District 30, Benton County, Arkansas, General Obligation Bonds, Construction Series 2019: | ||||||
$ 2,800 | 2.000%, 2/01/30 (WI/DD, Settling 10/01/19) | 2/25 at 100.00 | Aa2 | $2,726,780 | ||
3,435 | 2.125%, 2/01/31 (WI/DD, Settling 10/01/19) | 2/25 at 100.00 | Aa2 | 3,346,068 | ||
Rogers School District 30, Benton County, Arkansas, General Obligation Bonds, Refunding Series 2019: | ||||||
2,560 | 3.000%, 2/01/27 | 8/24 at 100.00 | Aa2 | 2,704,973 | ||
3,790 | 3.000%, 2/01/28 | 8/24 at 100.00 | Aa2 | 3,995,418 | ||
3,915 | 3.000%, 2/01/29 | 8/24 at 100.00 | Aa2 | 4,114,704 | ||
41,515 | Total Arkansas | 43,822,843 | ||||
California – 2.9% | ||||||
17,400 | Bay Area Toll Authority, California, Revenue Bonds, San Francisco Bay Area Toll Bridge, Term Rate Series 2018A, 2.625%, 4/01/45 (Mandatory Put 4/01/26) | 10/25 at 100.00 | AA | 18,627,570 | ||
7,965 | California Health Facilities Financing Authority, Revenue Bonds, Providence Saint Joseph Health, Series 2016B-3, 2.000%, 10/01/36 (Mandatory Put 10/01/25) | 10/25 at 100.00 | AA- | 8,260,103 | ||
4,000 | California Health Facilities Financing Authority, Revenue Bonds, Saint Joseph Health System, Series 2013C, 5.000%, 7/01/43 | No Opt. Call | AA- | 4,005,160 | ||
19,790 | California Municipal Finance Authority, Revenue Bonds, Linxs APM Project, Senior Lien Series 2018A, 3.000%, 12/31/30 – AGM Insured (AMT) | 6/28 at 100.00 | AA | 20,654,031 | ||
California Municipal Finance Authority, Reveue Bonds, Community Medical Centers, Series 2017A: | ||||||
1,565 | 5.000%, 2/01/22 | No Opt. Call | A- | 1,697,900 | ||
2,600 | 5.000%, 2/01/23 | No Opt. Call | A- | 2,909,374 | ||
1,920 | 5.000%, 2/01/24 | No Opt. Call | A- | 2,210,611 | ||
1,700 | 5.000%, 2/01/25 | No Opt. Call | A- | 2,011,644 | ||
2,000 | 5.000%, 2/01/26 | No Opt. Call | A- | 2,422,340 | ||
1,500 | 5.000%, 2/01/27 | No Opt. Call | A- | 1,853,610 | ||
5,000 | California Municipal Finance Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2004, 2.000%, 12/01/44 (Mandatory Put 12/01/20) (AMT) | No Opt. Call | A1 | 5,013,200 | ||
3,365 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Refunding Series 2015B-2, 3.125%, 11/01/40 (Mandatory Put 11/03/25) (AMT) | No Opt. Call | A1 | 3,632,955 | ||
5,875 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2015A-1, 3.375%, 7/01/25 (AMT) | No Opt. Call | A- | 6,397,523 | ||
6,440 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management, Inc Project, Refunding Series 2015B-1, 3.000%, 11/01/25 (AMT) | No Opt. Call | A- | 6,907,608 | ||
13,270 | California Statewide Communities Development Authority, Health Facility Revenue Bonds, Community Hospital of the Monterey Peninsula, Series 2012A, 1.870%, 6/01/23 | 10/19 at 100.00 | N/R | 13,280,881 | ||
765 | California Statewide Communities Development Authority, Revenue Bonds, Huntington Memorial Hospital, Refunding Series 2014B, 5.000%, 7/01/24 | No Opt. Call | A- | 887,591 | ||
Delano, California, Certificates of Participation, Delano Regional Medical Center, Series 2012: | ||||||
2,470 | 5.000%, 1/01/20 | No Opt. Call | BBB | 2,484,548 | ||
2,590 | 5.000%, 1/01/21 | No Opt. Call | BBB | 2,663,608 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
California (continued) | ||||||
$ 6,085 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2018A-1, 3.500%, 6/01/36 | 6/22 at 100.00 | BBB | $6,197,390 | ||
500 | Lake Elsinore Public Financing Authority, California, Local Agency Revenue Bonds, Canyon Hills Improvement Area A & C, Series 2014C, 5.000%, 9/01/21 | No Opt. Call | N/R | 531,815 | ||
5,010 | Los Angeles Department of Water and Power, California, Power System Revenue Bonds, Series 2018B, 5.000%, 1/01/22 | 12/21 at 100.00 | AA | 5,434,698 | ||
2,765 | Los Angeles Department of Water and Power, California, Waterworks Revenue Bonds, Series 2013B, 5.000%, 7/01/22 | No Opt. Call | AA+ | 3,062,348 | ||
3,870 | Los Angeles Unified School District, Los Angeles County, California, General Obligation Bonds, Election 2008 Series 2016A, 4.000%, 7/01/34 | 7/25 at 100.00 | AAA | 4,330,569 | ||
2,700 | New Haven Unified School District, California, General Obligation Bonds, Refunding Series 2014A, 5.000%, 8/01/25 – BAM Insured | 8/24 at 100.00 | AA | 3,186,864 | ||
Newport-Mesa Unified School District, Orange County, California, General Obligation Bonds, Election 2000 Refunding Series 2020: | ||||||
1,900 | 5.000%, 8/01/22 (WI/DD, Settling 5/05/20) | No Opt. Call | Aaa | 2,045,388 | ||
2,500 | 5.000%, 8/01/23 (WI/DD, Settling 5/05/20) | No Opt. Call | Aaa | 2,772,975 | ||
2,960 | Palomar Pomerado Health Care District, California, Certificates of Participation, Series 2010, 5.250%, 11/01/21 (Pre-refunded 11/01/20) | 11/20 at 100.00 | Ba1 (5) | 3,044,626 | ||
70 | San Bernardino, California, GNMA Mortgage-Backed Securities Program Single Family Mortgage Revenue Refunding Bonds, Series 1990A, 7.500%, 5/01/23 (ETM) | No Opt. Call | Aaa | 77,794 | ||
13,900 | San Diego Association of Governments, California, Capital Grants Receipts Revenue Bonds, Mid-Coast Corridor Transit Project, Green Series 2019B, 1.800%, 11/15/27 | 11/26 at 100.00 | A- | 14,042,197 | ||
6,340 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2017D, 5.000%, 5/01/25 (AMT) | No Opt. Call | A+ | 7,479,044 | ||
1,530 | Vallecito Union School District, Calaveras County, California, General Obligation Bonds,2018 Election, Anticipation Note Series 2019, 0.000%, 8/01/22 | No Opt. Call | AA | 1,467,041 | ||
Washington Township Health Care District, California, Revenue Bonds, Refunding Series 2015A: | ||||||
1,225 | 4.000%, 7/01/20 | No Opt. Call | Baa1 | 1,248,753 | ||
1,130 | 5.000%, 7/01/22 | No Opt. Call | Baa1 | 1,234,435 | ||
980 | 5.000%, 7/01/23 | No Opt. Call | Baa1 | 1,101,079 | ||
153,680 | Total California | 163,177,273 | ||||
Colorado – 2.3% | ||||||
2,750 | Broomfield, Colorado, Sewer Activity Enterprise, Sewer and Wastewater Reclamation Revenue Bonds, Refunding Series 2012, 4.000%, 12/01/20 | No Opt. Call | Aa3 | 2,836,433 | ||
Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017: | ||||||
765 | 5.000%, 12/01/20, 144A | No Opt. Call | N/R | 789,013 | ||
1,000 | 5.000%, 12/01/21, 144A | No Opt. Call | N/R | 1,054,470 | ||
1,425 | 5.000%, 12/01/22, 144A | No Opt. Call | N/R | 1,530,422 | ||
1,000 | Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017, 5.000%, 6/01/20 (ETM) | No Opt. Call | N/R (5) | 1,024,560 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 7,245 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Adventist Health, Sunbelt Obligated Group, Series 2014E, 5.000%, 11/15/24 | 5/24 at 100.00 | AA | $8,420,211 | ||
16,975 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2008D-3, 5.000%, 10/01/38 (Mandatory Put 11/12/21) | No Opt. Call | BBB+ | 18,135,920 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2011A: | ||||||
5,205 | 5.000%, 2/01/20 (ETM) | No Opt. Call | BBB+ (5) | 5,266,992 | ||
4,830 | 5.000%, 2/01/21 (ETM) | No Opt. Call | BBB+ (5) | 5,060,294 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-1: | ||||||
2,545 | 5.000%, 8/01/25 | No Opt. Call | BBB+ | 2,993,378 | ||
2,500 | 5.000%, 8/01/26 | No Opt. Call | BBB+ | 2,999,150 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019A-2: | ||||||
3,000 | 5.000%, 8/01/25 | No Opt. Call | BBB+ | 3,528,540 | ||
2,500 | 5.000%, 8/01/26 | No Opt. Call | BBB+ | 2,999,150 | ||
3,100 | 5.000%, 8/01/29 | No Opt. Call | BBB+ | 3,889,756 | ||
7,305 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 8,494,400 | ||
7,205 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 8,553,992 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Evangelical Lutheran Good Samaritan Society Project, Series 2013A: | ||||||
1,000 | 4.000%, 6/01/20 (ETM) | No Opt. Call | N/R (5) | 1,017,640 | ||
2,000 | 5.000%, 6/01/21 (ETM) | No Opt. Call | N/R (5) | 2,120,700 | ||
2,300 | 5.000%, 6/01/22 (ETM) | No Opt. Call | N/R (5) | 2,520,800 | ||
500 | 5.000%, 6/01/23 (ETM) | No Opt. Call | N/R (5) | 565,400 | ||
Colorado Health Facilities Authority, Colorado, Revenue Bonds, SCL Health System, Refunding Series 2019A: | ||||||
3,000 | 5.000%, 1/01/26 (WI/DD, Settling 10/03/19) | No Opt. Call | AA- | 3,623,640 | ||
4,000 | 5.000%, 1/01/27 (WI/DD, Settling 10/03/19) | No Opt. Call | AA- | 4,942,920 | ||
5,000 | 5.000%, 1/01/28 (WI/DD, Settling 10/03/19) | No Opt. Call | AA- | 6,330,100 | ||
Cornerstar Metropolitan District, Arapahoe County, Colorado, General Obligation Bonds, Limited Tax Convertible to Unlimited Tax, Refunding Series 2017A: | ||||||
294 | 3.500%, 12/01/21 | No Opt. Call | N/R | 298,513 | ||
530 | 4.500%, 12/01/27 | 12/22 at 103.00 | N/R | 562,113 | ||
1,500 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013B, 5.000%, 11/15/19 | No Opt. Call | A+ | 1,506,600 | ||
13,090 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A, 5.000%, 12/01/24 (AMT) | No Opt. Call | A+ | 15,227,204 | ||
1,175 | E-470 Public Highway Authority, Colorado, Senior Revenue Bonds, Refunding Series 2015A, 5.000%, 9/01/20 | No Opt. Call | A | 1,212,389 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
Gardens on Havana Metropolitan District 3, Arapahoe County, Colorado, Special Revenue Bonds, Refunding Series 2017A: | ||||||
$ 1,765 | 3.625%, 12/01/21 | No Opt. Call | N/R | $1,797,741 | ||
3,705 | 4.625%, 12/01/27 | 12/22 at 103.00 | N/R | 3,926,263 | ||
5,715 | Moffat County, Colorado, Pollution Control Revenue Bonds, Tri-State Generation and Transmission Association, Inc Project, Refunding Series 2009, 2.000%, 3/01/36 (Mandatory Put 10/03/22) | No Opt. Call | A | 5,718,200 | ||
114,924 | Total Colorado | 128,946,904 | ||||
Connecticut – 3.8% | ||||||
44,435 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 1999-U2, 2.000%, 7/01/33 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 45,120,188 | ||
42,630 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2010A-4, 2.000%, 7/01/49 (Mandatory Put 2/08/22) | No Opt. Call | AAA | 43,285,649 | ||
6,925 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2015A, 2.050%, 7/01/35 (Mandatory Put 7/12/21) | No Opt. Call | AAA | 7,012,255 | ||
35,715 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2016A-1, 1.450%, 7/01/42 (Mandatory Put 7/01/22) | No Opt. Call | AAA | 35,811,073 | ||
5,650 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2017A-2, 5.000%, 7/01/42 (Mandatory Put 7/01/22) | No Opt. Call | AAA | 6,212,288 | ||
12,150 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale University, Series 2017B, 5.000%, 7/01/37 (Mandatory Put 7/01/20) | No Opt. Call | AAA | 12,482,059 | ||
25,880 | Connecticut Health and Educational Facilities Authority, Revenue Bonds, Yale-New Haven Health Issue, Series 2014D, 1.800%, 7/01/49 (Mandatory Put 7/01/24) | 1/24 at 100.00 | AA- | 26,202,982 | ||
1,955 | Connecticut Housing Finance Authority, Housing Mortgage Finance Program Bonds, Series 2018D-1, 3.750%, 11/15/33 | 11/27 at 100.00 | AAA | 2,121,038 | ||
Connecticut State, General Obligation Bonds, Refunding Series 2018B: | ||||||
5,220 | 5.000%, 4/15/21 | No Opt. Call | A1 | 5,507,831 | ||
7,115 | 5.000%, 4/15/22 | No Opt. Call | A1 | 7,751,081 | ||
1,320 | Connecticut State, General Obligation Bonds, Refunding Series 2018C, 5.000%, 6/15/22 | No Opt. Call | A1 | 1,445,585 | ||
Connecticut State, General Obligation Bonds, Refunding Series 2018F: | ||||||
1,025 | 5.000%, 9/15/20 | No Opt. Call | A1 | 1,059,994 | ||
600 | 5.000%, 9/15/21 | No Opt. Call | A1 | 642,060 | ||
490 | Connecticut State, General Obligation Bonds, Series 2013C, 5.000%, 7/15/22 | No Opt. Call | A1 | 538,025 | ||
1,685 | Connecticut State, General Obligation Bonds, Series 2019A, 5.000%, 4/15/23 | No Opt. Call | A1 | 1,889,997 | ||
5,000 | Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes Series 2013A, 5.000%, 10/01/20 | No Opt. Call | A+ | 5,175,600 | ||
Connecticut State, Special Tax Obligation Bonds, Transportation Infrastructure Purposes, Refunding Series 20168C: | ||||||
580 | 5.000%, 10/01/20 | No Opt. Call | A+ | 600,370 | ||
1,605 | 5.000%, 10/01/22 | No Opt. Call | A+ | 1,771,487 | ||
1,530 | 5.000%, 10/01/23 | No Opt. Call | A+ | 1,739,380 | ||
240 | Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator Lisbon Project, Series 1993A, 5.500%, 1/01/20 (AMT) | 10/19 at 100.00 | A- | 243,878 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Connecticut (continued) | ||||||
$ 2,000 | New Haven, Connecticut, General Obligation Bonds, Refunding Series 2014B, 5.000%, 8/01/20 – AGM Insured | No Opt. Call | AA | $2,055,340 | ||
890 | South Central Connecticut Regional Water Authority, Water System Revenue Bonds, Twenty-Ninth Series 2014, 5.000%, 8/01/22 | No Opt. Call | AA- | 983,299 | ||
Stratford, Connecticut, General Obligation Bonds, Series 2014: | ||||||
395 | 3.000%, 12/15/19 | No Opt. Call | AA- | 396,300 | ||
525 | 5.000%, 12/15/21 | No Opt. Call | AA- | 565,031 | ||
West Haven, Connecticut, General Obligation Bonds, Series 2012: | ||||||
2,095 | 5.000%, 8/01/22 – AGM Insured | No Opt. Call | AA | 2,271,881 | ||
2,000 | 5.000%, 8/01/23 – AGM Insured | 8/22 at 100.00 | AA | 2,179,800 | ||
1,000 | 5.000%, 8/01/25 – AGM Insured | 8/22 at 100.00 | AA | 1,086,950 | ||
210,655 | Total Connecticut | 216,151,421 | ||||
Delaware – 0.0% | ||||||
Delaware Health Facilities Authority, Revenue Bonds, Nanticoke Memorial Hospital, Series 2013: | ||||||
2,000 | 5.000%, 7/01/20 | No Opt. Call | BBB+ | 2,041,660 | ||
275 | 5.000%, 7/01/21 | No Opt. Call | BBB+ | 288,247 | ||
2,275 | Total Delaware | 2,329,907 | ||||
District of Columbia – 1.2% | ||||||
16,090 | District of Columbia, Income Tax Secured Revenue Bonds, Refunding Series 2009A, 5.000%, 12/01/24 | 12/19 at 100.00 | AAA | 16,188,471 | ||
10,000 | District of Columbia, Income Tax Secured Revenue Bonds, Series 2011G, 5.000%, 12/01/30 | 12/21 at 100.00 | AAA | 10,782,700 | ||
Metropolitan Washington DC Airports Authority, District of Columbia, Airport System Revenue Bonds, Refunding Series 2018A: | ||||||
8,165 | 5.000%, 10/01/22 (AMT) | No Opt. Call | AA- | 9,009,424 | ||
10,830 | 5.000%, 10/01/23 (AMT) | No Opt. Call | AA- | 12,298,548 | ||
8,875 | 5.000%, 10/01/24 (AMT) | No Opt. Call | AA- | 10,349,759 | ||
7,240 | 5.000%, 10/01/25 (AMT) | No Opt. Call | AA- | 8,649,338 | ||
1,200 | Washington Metropolitan Area Transit Authority, District of Columbia, Gross Revenue Bonds, Series 2018, 5.000%, 7/01/24 | No Opt. Call | AA- | 1,401,900 | ||
62,400 | Total District of Columbia | 68,680,140 | ||||
Florida – 5.3% | ||||||
Broward County, Florida, Airport System Revenue Bonds, Series 2015A: | ||||||
5,000 | 5.000%, 10/01/24 (AMT) | No Opt. Call | A+ | 5,825,650 | ||
5,725 | 5.000%, 10/01/25 (AMT) | No Opt. Call | A+ | 6,825,001 | ||
2,295 | 5.000%, 10/01/26 (AMT) | 10/25 at 100.00 | A+ | 2,740,161 | ||
4,110 | 5.000%, 10/01/27 (AMT) | 10/25 at 100.00 | A+ | 4,892,462 | ||
Broward County, Florida, Airport System Revenue Bonds, Series 2017: | ||||||
1,585 | 5.000%, 10/01/21 (AMT) | No Opt. Call | A+ | 1,694,397 | ||
1,000 | 5.000%, 10/01/23 (AMT) | No Opt. Call | A+ | 1,135,180 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Cape Coral, Florida, Utility Improvement Assessment Bonds, Refunding Various Areas Series 2017: | ||||||
$ 900 | 1.900%, 9/01/20 – AGM Insured | No Opt. Call | AA | $901,377 | ||
920 | 2.000%, 9/01/21 – AGM Insured | No Opt. Call | AA | 923,790 | ||
1,185 | 2.125%, 9/01/22 – AGM Insured | No Opt. Call | AA | 1,193,177 | ||
Citizens Property Insurance Corporation, Florida, Coastal Account Senior Secured Bonds, Series 2015A-1: | ||||||
5,030 | 5.000%, 6/01/20 | 12/19 at 100.00 | AA | 5,058,922 | ||
18,050 | 5.000%, 6/01/22 | 12/21 at 100.00 | AA | 19,462,773 | ||
10,480 | 5.000%, 6/01/25 | 12/24 at 100.00 | AA | 12,361,579 | ||
5,000 | Florida Department of Transportation, Full Faith and Credit Right-of-Way Acquisition and Bridge Construction Bonds, Refunding Series 2015A, 5.000%, 7/01/23 | No Opt. Call | AAA | 5,688,200 | ||
Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A: | ||||||
26,750 | 6.250%, 1/01/49 (AMT) (Mandatory Put 1/01/24), 144A | No Opt. Call | N/R | 24,944,375 | ||
26,750 | 6.375%, 1/01/49 (AMT) (Mandatory Put 1/01/26), 144A | 1/25 at 105.00 | N/R | 24,877,500 | ||
26,755 | 6.500%, 1/01/49 (AMT) (Mandatory Put 1/01/29), 144A | 1/25 at 105.00 | N/R | 24,882,150 | ||
5,005 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2018-2, 3.750%, 7/01/33 | 1/28 at 100.00 | Aaa | 5,503,348 | ||
12,810 | Florida Housing Finance Corporation, Homeowner Mortgage Revenue Bonds, Series 2019-1, 2.800%, 7/01/34 | 7/28 at 100.00 | Aaa | 13,201,730 | ||
5,880 | Florida Municipal Power Agency, Power Supply Revenue Bonds, All Requirements Project, Refunding Series 2016A, 5.000%, 10/01/20 | No Opt. Call | A+ | 6,093,091 | ||
2,655 | Florida Municipal Power Agency, Revenue Bonds, Saint Lucie Project, Refunding Series 2011A, 5.000%, 10/01/20 | No Opt. Call | A2 | 2,751,217 | ||
40,000 | Highlands County Health Facilities Authority, Florida, Hospital Revenue Bonds, Adventist Health System/Sunbelt Obligated Group, Refunding Series 2012, 2.025%, 11/15/26 (Mandatory Put 11/15/22) | No Opt. Call | N/R | 40,124,000 | ||
2,215 | Hillsborough County School District, Florida, Sales Tax Revenue Refunding Bonds, Series 2015B, 5.000%, 10/01/20 – AGM Insured | No Opt. Call | AA | 2,295,050 | ||
Manatee County School District, Florida, Sales Tax Revenue Bonds, Series 2017: | ||||||
3,120 | 5.000%, 10/01/23 – AGM Insured | No Opt. Call | AA | 3,566,534 | ||
2,725 | 5.000%, 10/01/25 – AGM Insured | No Opt. Call | AA | 3,284,879 | ||
2,295 | 5.000%, 10/01/26 – AGM Insured | No Opt. Call | AA | 2,829,138 | ||
2,010 | 5.000%, 10/01/27 – AGM Insured | 4/27 at 100.00 | AA | 2,497,023 | ||
2,850 | 5.000%, 10/01/28 – AGM Insured | 4/27 at 100.00 | AA | 3,533,715 | ||
2,310 | 5.000%, 10/01/29 – AGM Insured | 4/27 at 100.00 | AA | 2,854,652 | ||
2,525 | Manatee County, Florida, Revenue Bonds, Refunding & Improvement Series 2013, 5.000%, 10/01/20 | No Opt. Call | Aa1 | 2,617,264 | ||
355 | Martin County Industrial Development Authority, Florida, Industrial Development Revenue Refunding Bonds, Indiantown Cogeneration LP, Series 2013, 3.950%, 12/15/21, 144A (AMT) | 6/20 at 100.00 | BBB+ | 360,002 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
Miami-Dade County Expressway Authority, Florida, Toll System Revenue Bonds, Refunding Series 2014B: | ||||||
$ 3,040 | 5.000%, 7/01/20 | No Opt. Call | A | $3,119,618 | ||
2,315 | 5.000%, 7/01/21 | No Opt. Call | A | 2,456,655 | ||
1,805 | 5.000%, 7/01/22 | No Opt. Call | A | 1,970,284 | ||
4,000 | 5.000%, 7/01/23 | No Opt. Call | A | 4,491,120 | ||
2,770 | Miami-Dade County School Board, Florida, Certificates of Participation, Series 2015D, 5.000%, 2/01/20 | No Opt. Call | Aa3 | 2,803,628 | ||
1,880 | Miami-Dade County, Florida, Special Obligation Bonds, Capital Asset Acquisition, Series 2010E, 5.000%, 4/01/20 | No Opt. Call | AA | 1,914,460 | ||
2,700 | North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010, 5.000%, 10/01/20 | No Opt. Call | AA- | 2,751,273 | ||
Orlando, Florida, Tourist Development Tax Revenue Bonds, 6th Cent Contract Payments, Refunding Senior Series 2017A: | ||||||
2,000 | 5.000%, 11/01/29 – AGM Insured | 11/27 at 100.00 | AA | 2,489,560 | ||
9,215 | 5.000%, 11/01/30 – AGM Insured | 11/27 at 100.00 | AA | 11,436,921 | ||
Palm Beach County Solid Waste Authority, Florida, Revenue Bonds, Refunding Series 2011: | ||||||
85 | 5.000%, 10/01/25 (Pre-refunded 10/01/21) | 10/21 at 100.00 | N/R (5) | 91,146 | ||
4,915 | 5.000%, 10/01/25 | 10/21 at 100.00 | AA+ | 5,274,631 | ||
Port Saint Lucie, Florida, Utility System Revenue Bonds, Refunding Series 2014: | ||||||
550 | 5.000%, 9/01/20 | No Opt. Call | AA- | 568,216 | ||
500 | 5.000%, 9/01/22 | No Opt. Call | AA- | 550,605 | ||
510 | 5.000%, 9/01/23 | No Opt. Call | AA- | 578,391 | ||
South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017: | ||||||
1,280 | 5.000%, 8/15/21 | No Opt. Call | AA- | 1,365,696 | ||
440 | 5.000%, 8/15/22 | No Opt. Call | AA- | 484,128 | ||
1,760 | 5.000%, 8/15/23 | No Opt. Call | AA- | 1,995,576 | ||
2,000 | 5.000%, 8/15/24 | No Opt. Call | AA- | 2,330,400 | ||
5,500 | 5.000%, 8/15/25 | No Opt. Call | AA- | 6,569,695 | ||
5,780 | Tampa Bay, Florida, Regional Water Supply Authority, Utility System Revenue Bonds, Series 2015A, 5.000%, 10/01/26 | 10/25 at 100.00 | AA+ | 6,989,754 | ||
Tampa, Florida, Cigarette Tax Allocation Bonds, H Lee Moffitt Cancer Center Project, Refunding & Capital Improvement Series 2012A: | ||||||
865 | 5.000%, 9/01/20 | No Opt. Call | A+ | 892,446 | ||
785 | 5.000%, 9/01/21 | No Opt. Call | A+ | 838,788 | ||
545 | Tampa, Florida, Revenue Bonds, University of Tampa, Refunding Series 2015, 5.000%, 4/01/21 | No Opt. Call | A- | 574,217 | ||
115 | Tolomato Community Development District, Florida, Special Assessment Bonds, Convertible, Capital Appreciation, Series 2012A-4, 0.000%, 5/01/40 (6) | 5/22 at 100.00 | N/R | 98,952 | ||
165 | Tolomato Community Development District, Florida, Special Assessment Bonds, Hope Note, Series 2007-3, 6.375%, 5/01/17 (7) | No Opt. Call | N/R | 2 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 460 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-1, 0.000%, 5/01/40 | 10/19 at 100.00 | N/R | $392,352 | ||
280 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-2, 0.000%, 5/01/40 | 10/19 at 100.00 | N/R | 196,773 | ||
305 | Tolomato Community Development District, Florida, Special Assessment Bonds, Refunding Series 2015-3, 6.610%, 5/01/40 (7) | 10/19 at 100.00 | N/R | 3 | ||
284,855 | Total Florida | 298,143,627 | ||||
Georgia – 1.3% | ||||||
15,250 | Burke County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company Vogtle Plant, First Series 2008, 1.650%, 11/01/48 (Mandatory Put 6/18/21) | No Opt. Call | A- | 15,216,603 | ||
1,515 | DeKalb County, Georgia, Water and Sewerage Revenue Bonds, Refunding Second Resolution Series 2013, 5.000%, 10/01/22 | No Opt. Call | Aa3 | 1,680,635 | ||
8,000 | Floyd County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company Plant Hammond Project, First Series 2010, 2.350%, 7/01/22 (Mandatory Put 12/11/20) | No Opt. Call | A- | 8,069,520 | ||
10,580 | Georgia State, General Obligation Bonds, Series 2015A, 5.000%, 2/01/24 | No Opt. Call | AAA | 12,263,595 | ||
5,000 | Georgia State, General Obligation Bonds, Series 2017A, 5.000%, 2/01/32 | 2/27 at 100.00 | AAA | 6,198,600 | ||
4,355 | Georgia State, General Obligation Bonds, Tranche 1 Series 2016A, 5.000%, 2/01/25 | No Opt. Call | AAA | 5,200,306 | ||
6,015 | Georgia State, General Obligation Bonds, Tranche 2 Series 2016A, 5.000%, 2/01/28 | 2/26 at 100.00 | AAA | 7,358,029 | ||
8,700 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019B, 4.000%, 8/01/49 (Mandatory Put 12/02/24) | No Opt. Call | Aa1 | 9,799,158 | ||
2,000 | Monroe County Development Authority, Georgia, Pollution Control Revenue Bonds, Georgia Power Company - Scherer Plant, Series 2009-2, 2.350%, 10/01/48 (Mandatory Put 12/11/20) | No Opt. Call | A3 | 2,017,380 | ||
3,005 | Municipal Gas Authority of Georgia, Gas Revenue Bonds, Gas Portfolio III Project, Series 2014U, 5.000%, 10/01/19 | No Opt. Call | AA- | 3,005,000 | ||
580 | Private Colleges and Universities Authority, Georgia, Revenue Bonds, Mercer University, Refunding Series 2012C, 5.000%, 10/01/20 | No Opt. Call | Baa1 | 599,140 | ||
65,000 | Total Georgia | 71,407,966 | ||||
Hawaii – 0.7% | ||||||
17,130 | Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric Company, Inc and Subsidiary Projects, Series 2017A, 3.100%, 5/01/26 (AMT) | No Opt. Call | A- | 17,930,142 | ||
Hawaii State, General Obligation Bonds, Series 2013EH: | ||||||
6,850 | 5.000%, 8/01/21 (ETM) | No Opt. Call | N/R (5) | 7,315,937 | ||
65 | 5.000%, 8/01/21 (ETM) | No Opt. Call | N/R (5) | 69,421 | ||
1,490 | Hawaiian Electric Company Inc. and Its Subsidiaries, Special Purpose Revenue Bonds, Deparment of Budget and Finance of the State of Hawaii, Series 2015, 3.250%, 1/01/25 (AMT) | No Opt. Call | A- | 1,560,313 | ||
5,740 | Honolulu City and County, Hawaii, General Obligation Bonds, Refunding Series 2017D, 5.000%, 9/01/30 | 9/27 at 100.00 | Aa1 | 7,203,413 | ||
2,150 | Honolulu City and County, Hawaii, Wastewater System Revenue Bonds, First Bond Resolution, Refunding Senior Series 2015B, 5.000%, 7/01/26 | 7/25 at 100.00 | Aa2 | 2,587,762 | ||
33,425 | Total Hawaii | 36,666,988 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Idaho – 0.9% | ||||||
$ 5,095 | Idaho Health Facilities Authority, Hospital Revenue Bonds, CHE Trinity Helath Group, Series 2013ID, 1.250%, 12/01/48 (Mandatory Put 2/03/20) | No Opt. Call | AA- | $5,094,287 | ||
Idaho Health Facilities Authority, Revenue Bonds, Saint Luke's Health System Project, Series 2018A: | ||||||
4,500 | 5.000%, 3/01/25 | No Opt. Call | A- | 5,278,185 | ||
6,020 | 5.000%, 3/01/26 | No Opt. Call | A- | 7,228,996 | ||
4,320 | 5.000%, 3/01/27 | No Opt. Call | A- | 5,303,923 | ||
4,815 | 5.000%, 3/01/29 | 9/28 at 100.00 | A- | 5,969,348 | ||
4,880 | 5.000%, 3/01/31 | 9/28 at 100.00 | A- | 5,988,492 | ||
12,935 | Nez Perce County, Idaho, Pollution Control Revenue Bonds, Potlatch Corporation Project, Refunding Series 2016, 2.750%, 10/01/24 | No Opt. Call | BBB- | 13,469,345 | ||
42,565 | Total Idaho | 48,332,576 | ||||
Illinois – 10.3% | ||||||
Adams County School District 172, Quincy, Illinois, General Obligation Bonds, Series 2016: | ||||||
250 | 4.000%, 2/01/20 – AGM Insured | No Opt. Call | AA | 252,005 | ||
250 | 4.000%, 2/01/21 – AGM Insured | No Opt. Call | AA | 257,295 | ||
580 | 4.000%, 2/01/22 – AGM Insured | No Opt. Call | AA | 609,139 | ||
1,290 | 5.000%, 2/01/25 – AGM Insured | No Opt. Call | AA | 1,495,562 | ||
1,455 | 5.000%, 2/01/27 – AGM Insured | 2/26 at 100.00 | AA | 1,716,027 | ||
Bourbonnais, Illinois, Industrial Project Revenue Bonds, Olivet Nazarene University Project, Series 2010: | ||||||
275 | 5.000%, 11/01/20 (ETM) | No Opt. Call | N/R (5) | 280,456 | ||
2,645 | 5.125%, 11/01/25 (Pre-refunded 11/01/20) | 11/20 at 100.00 | N/R (5) | 2,752,599 | ||
421 | Cary, Illinois, Special Tax Bonds, Special Service Area 1, Refunding Series 2016, 2.000%, 3/01/22 – BAM Insured | No Opt. Call | AA | 421,404 | ||
Cary, Illinois, Special Tax Bonds, Special Service Area 2, Refunding Series 2016: | ||||||
391 | 1.700%, 3/01/20 – BAM Insured | No Opt. Call | AA | 390,894 | ||
237 | 1.700%, 3/01/20 – BAM Insured | No Opt. Call | AA | 236,936 | ||
480 | 1.900%, 3/01/21 – BAM Insured | No Opt. Call | AA | 479,333 | ||
295 | 2.000%, 3/01/22 – BAM Insured | No Opt. Call | AA | 295,283 | ||
19,250 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017B, 6.750%, 12/01/30, 144A | 12/27 at 100.00 | BB- | 25,004,595 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017C: | ||||||
5,000 | 5.000%, 12/01/19 | No Opt. Call | BB | 5,023,150 | ||
7,080 | 5.000%, 12/01/20 | No Opt. Call | BB | 7,312,153 | ||
8,340 | 5.000%, 12/01/21 | No Opt. Call | BB | 8,843,986 | ||
12,000 | 5.000%, 12/01/22 | No Opt. Call | BB | 13,008,840 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018A: | ||||||
$ 6,000 | 4.000%, 12/01/20 | No Opt. Call | BB | $6,128,160 | ||
3,205 | 4.000%, 12/01/22 | No Opt. Call | BB | 3,377,076 | ||
4,800 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2018C, 5.000%, 12/01/22 | No Opt. Call | BB | 5,203,536 | ||
Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2019A: | ||||||
1,065 | 0.000%, 12/01/25 | No Opt. Call | BB | 893,546 | ||
1,455 | 0.000%, 12/01/26 | No Opt. Call | BB | 1,178,535 | ||
1,000 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Refunding Senior Lien Series 2018A, 5.000%, 1/01/20 (AMT) | No Opt. Call | A | 1,008,550 | ||
5,000 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Refunding Series 2013A, 5.000%, 1/01/21 (AMT) | No Opt. Call | A | 5,215,950 | ||
Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2015B: | ||||||
2,755 | 5.000%, 1/01/20 | No Opt. Call | A | 2,779,602 | ||
1,885 | 5.000%, 1/01/21 | No Opt. Call | A | 1,970,014 | ||
5,000 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Third Lien Refunding Series 2010C, 5.250%, 1/01/30 – AGC Insured | 1/20 at 100.00 | AA | 5,048,350 | ||
Chicago, Illinois, General Obligation Bonds, Refunding Series 2016C: | ||||||
6,270 | 5.000%, 1/01/23 | No Opt. Call | BBB+ | 6,763,324 | ||
7,445 | 5.000%, 1/01/24 | No Opt. Call | BBB+ | 8,201,859 | ||
4,205 | 5.000%, 1/01/25 | No Opt. Call | BBB+ | 4,719,944 | ||
1,840 | 5.000%, 1/01/26 | No Opt. Call | BBB+ | 2,101,795 | ||
2,025 | Cook County Community College District 508, Illinois, General Obligation Bonds, Chicago City Colleges, Series 2013, 5.000%, 12/01/20 | No Opt. Call | A+ | 2,085,710 | ||
Cook County High School District 212 Leyden, Illinois, General Obligation Bonds, Limited Tax Series 2016C: | ||||||
1,000 | 5.000%, 12/01/23 | No Opt. Call | AA | 1,133,190 | ||
1,800 | 5.000%, 12/01/25 | 12/24 at 100.00 | AA | 2,088,738 | ||
2,830 | Cook County Township High School District 225 Northfield, Illinois, General Obligation Bonds, Series 2016A, 5.000%, 12/01/22 | No Opt. Call | AAA | 3,145,771 | ||
4,750 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2010A, 5.250%, 11/15/22 | 11/20 at 100.00 | AA- | 4,948,217 | ||
Cook County, Illinois, General Obligation Bonds, Refunding Series 2012C: | ||||||
3,445 | 5.000%, 11/15/27 | 11/22 at 100.00 | AA- | 3,752,087 | ||
3,000 | 5.000%, 11/15/33 | 11/22 at 100.00 | AA- | 3,227,460 | ||
2,940 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2016A, 5.000%, 11/15/19 | No Opt. Call | AA- | 2,952,230 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
DuPage County School District 58 Downers Grove, Illinois, General Obligation Bonds, Limited Tax Capital Appreciation School Series 2018: | ||||||
$ 1,000 | 0.000%, 12/15/26 | No Opt. Call | Aa1 | $871,710 | ||
1,050 | 0.000%, 12/15/27 | No Opt. Call | Aa1 | 892,679 | ||
8,080 | Grundy, Kendall, and Will Counties Community Consolidated School District 201, Minooka, Illinois, General Obligation Bonds, Refunding School Series 2019, 3.000%, 10/15/27 | 10/26 at 100.00 | AA- | 8,583,950 | ||
Huntley, Illinois, Special Tax Bonds, Special Service Area 9, Refunding Series 2017: | ||||||
760 | 1.800%, 3/01/20 – BAM Insured | No Opt. Call | AA | 759,749 | ||
795 | 2.000%, 3/01/21 – BAM Insured | No Opt. Call | AA | 794,221 | ||
835 | 2.200%, 3/01/22 – BAM Insured | No Opt. Call | AA | 838,148 | ||
20,800 | Illinois Development Finance Authority, Revenue Bonds, St Vincent de Paul Center Project, Series 2000A, 2.450%, 11/15/39 (Mandatory Put 3/03/26) | No Opt. Call | AA+ | 21,432,736 | ||
2,750 | Illinois Educational Facilities Authority, Revenue Bonds, University of Chicago, Series 1998B, 1.875%, 7/01/25 (Mandatory Put 2/13/20) | No Opt. Call | AA+ | 2,755,088 | ||
19,475 | Illinois Finance Authority, Gas Supply Refunding Revenue Bonds, The Peoples Gas Light and Coke Company Project, Series 2010B, 1.875%, 2/01/33 (Mandatory Put 8/01/20) | No Opt. Call | Aa3 | 19,499,538 | ||
11,300 | Illinois Finance Authority, Midwestern Disaster Area Industrial Development Revenue Bonds, Cargill, Incorporated Project, Series 2012, 1.750%, 11/01/38 (Mandatory Put 11/01/21) | No Opt. Call | A | 11,309,266 | ||
1,010 | Illinois Finance Authority, Revenue Bonds, Advocate Health Care Network, Refunding Series 2014, 5.000%, 8/01/20 | No Opt. Call | AA | 1,040,239 | ||
950 | Illinois Finance Authority, Revenue Bonds, Alexian Brothers Health System, Series 2010, 5.000%, 2/15/21 (Pre-refunded 2/15/20) | 2/20 at 100.00 | N/R (5) | 962,825 | ||
10,150 | Illinois Finance Authority, Revenue Bonds, Ascension Health Alliance Senior Credit Group, Series 2012E-1, 2.250%, 11/15/42 (Mandatory Put 4/29/22) | No Opt. Call | AA+ | 10,359,800 | ||
Illinois Finance Authority, Revenue Bonds, Ascension Health/fkaPresence Health Network, Series 2016C: | ||||||
4,145 | 5.000%, 2/15/20 | No Opt. Call | AA+ | 4,195,030 | ||
5,605 | 5.000%, 2/15/21 | No Opt. Call | AA+ | 5,881,551 | ||
5,430 | 5.000%, 2/15/22 | No Opt. Call | AA+ | 5,900,021 | ||
4,000 | 5.000%, 2/15/23 | No Opt. Call | AA+ | 4,488,400 | ||
8,665 | Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2012, 5.000%, 9/01/27 | 9/22 at 100.00 | AA+ | 9,558,102 | ||
Illinois Finance Authority, Revenue Bonds, Centegra Health System, Series 2014A: | ||||||
770 | 5.000%, 9/01/20 | No Opt. Call | AA+ | 795,218 | ||
350 | 5.000%, 9/01/21 | No Opt. Call | AA+ | 374,189 | ||
770 | 5.000%, 9/01/22 | No Opt. Call | AA+ | 850,488 | ||
620 | 5.000%, 9/01/23 | No Opt. Call | AA+ | 705,678 | ||
2,240 | 5.000%, 9/01/24 | No Opt. Call | AA+ | 2,622,525 | ||
865 | 5.000%, 9/01/25 | 9/24 at 100.00 | AA+ | 1,011,756 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois Finance Authority, Revenue Bonds, Mercy Health Corporation, Series 2016: | ||||||
$ 2,500 | 5.000%, 12/01/21 | No Opt. Call | A3 | $2,676,250 | ||
2,770 | 5.000%, 12/01/22 | No Opt. Call | A3 | 3,051,016 | ||
Illinois Finance Authority, Revenue Bonds, Northwest Community Hospital, Refunding Series 2016A: | ||||||
855 | 5.000%, 7/01/21 | No Opt. Call | A | 905,787 | ||
1,000 | 5.000%, 7/01/23 | No Opt. Call | A | 1,123,940 | ||
920 | 5.000%, 7/01/24 | No Opt. Call | A | 1,061,947 | ||
Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A: | ||||||
1,715 | 5.000%, 11/15/20 | No Opt. Call | A | 1,782,142 | ||
1,100 | 5.000%, 11/15/21 | No Opt. Call | A | 1,180,047 | ||
1,190 | Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group, Series 2015A, 5.000%, 11/15/20 | No Opt. Call | AA- | 1,237,398 | ||
880 | Illinois FInance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc, Refunding Series 2017C, 5.000%, 3/01/25 | No Opt. Call | AA- | 1,028,201 | ||
Illinois Finance Authority, Revenue Bonds, Swedish Covenant Hospital, Series 2016A: | ||||||
1,400 | 5.000%, 8/15/21 | No Opt. Call | BBB | 1,475,586 | ||
1,000 | 5.000%, 8/15/22 | No Opt. Call | BBB | 1,082,350 | ||
1,015 | 5.000%, 8/15/24 | No Opt. Call | BBB | 1,151,974 | ||
2,000 | 5.000%, 8/15/25 | No Opt. Call | BBB | 2,319,480 | ||
3,000 | 5.000%, 8/15/26 | No Opt. Call | BBB | 3,546,840 | ||
Illinois Finance Authority, Revenue Bonds, University of Chicago, Refunding Series 2014A: | ||||||
1,045 | 5.000%, 10/01/19 | No Opt. Call | AA+ | 1,045,000 | ||
2,220 | 5.000%, 10/01/20 | No Opt. Call | AA+ | 2,300,675 | ||
5,345 | Illinois Finance Authority, Revenue Bonds, University of Chicago, Series 2012A, 5.000%, 10/01/20 | No Opt. Call | AA+ | 5,539,237 | ||
3,690 | Illinois Housing Development Authority, Homeowner Mortgage Revenue Bonds, Series 2018A, 3.500%, 8/01/31 | 8/27 at 100.00 | AA | 3,962,839 | ||
Illinois Municipal Electric Agency, Power Supply System Revenue Bonds, Refunding Series 2015A: | ||||||
4,035 | 5.000%, 2/01/20 | No Opt. Call | A1 | 4,081,685 | ||
10,930 | 5.000%, 2/01/21 | No Opt. Call | A1 | 11,439,229 | ||
5,070 | 5.000%, 2/01/22 | No Opt. Call | A1 | 5,479,859 | ||
2,600 | 5.000%, 2/01/25 | No Opt. Call | A1 | 3,057,652 | ||
5,000 | Illinois State, General Obligation Bonds, December Series 2017A, 5.000%, 12/01/24 | No Opt. Call | BBB | 5,569,850 | ||
Illinois State, General Obligation Bonds, February Series 2014: | ||||||
1,390 | 5.000%, 2/01/20 | No Opt. Call | BBB | 1,403,386 | ||
4,175 | 5.000%, 2/01/22 | No Opt. Call | BBB | 4,432,305 | ||
3,320 | Illinois State, General Obligation Bonds, January Series 2016, 5.000%, 1/01/21 | No Opt. Call | BBB | 3,436,134 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Illinois State, General Obligation Bonds, November Series 2017D: | ||||||
$ 5,335 | 5.000%, 11/01/21 | No Opt. Call | BBB | $5,640,642 | ||
20,485 | 5.000%, 11/01/22 | No Opt. Call | BBB | 22,062,345 | ||
27,625 | 5.000%, 11/01/23 | No Opt. Call | BBB | 30,249,927 | ||
10,890 | 5.000%, 11/01/24 | No Opt. Call | BBB | 12,118,501 | ||
6,940 | 3.250%, 11/01/26 | No Opt. Call | BBB | 7,005,861 | ||
1,000 | 5.000%, 11/01/26 | No Opt. Call | BBB | 1,134,930 | ||
15,250 | 5.000%, 11/01/27 | No Opt. Call | BBB | 17,465,062 | ||
5,000 | Illinois State, General Obligation Bonds, October Series 2016, 5.000%, 2/01/21 | No Opt. Call | BBB | 5,186,450 | ||
1,290 | Illinois State, General Obligation Bonds, Refunding Series 2007B, 5.250%, 1/01/20 | No Opt. Call | BBB | 1,300,191 | ||
14,720 | Illinois State, General Obligation Bonds, Refunding Series 2010, 5.000%, 1/01/24 | 1/20 at 100.00 | BBB | 14,813,472 | ||
4,120 | Illinois State, General Obligation Bonds, Refunding Series 2012, 5.000%, 8/01/20 | No Opt. Call | BBB | 4,217,397 | ||
Illinois State, General Obligation Bonds, Series 2013: | ||||||
4,205 | 5.000%, 7/01/21 | No Opt. Call | BBB | 4,410,036 | ||
3,140 | 5.500%, 7/01/25 | 7/23 at 100.00 | BBB | 3,465,147 | ||
Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
1,615 | 5.000%, 12/01/20 | No Opt. Call | AA- | 1,681,667 | ||
1,760 | 5.000%, 12/01/21 | No Opt. Call | AA- | 1,892,669 | ||
2,100 | 5.000%, 12/01/22 | No Opt. Call | AA- | 2,330,874 | ||
11,970 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Senior Lien Series 2014D, 5.000%, 1/01/24 | No Opt. Call | AA- | 13,695,116 | ||
Kane County Community Unit School District 304 Geneva, Illinois, General Obligation Bonds, Refunding Series 2016: | ||||||
2,520 | 5.000%, 1/01/26 | No Opt. Call | AA+ | 3,029,090 | ||
5,055 | 5.000%, 1/01/27 | 1/26 at 100.00 | AA+ | 6,047,094 | ||
LaSalle and Bureau Counties High School District 120 LaSalle-Peru, Illinois, General Obligation Bonds, School Building Series 2017: | ||||||
980 | 5.000%, 12/01/21 – BAM Insured | No Opt. Call | AA | 1,052,569 | ||
1,000 | 5.000%, 12/01/22 – BAM Insured | No Opt. Call | AA | 1,106,010 | ||
1,085 | 5.000%, 12/01/23 – BAM Insured | No Opt. Call | AA | 1,232,321 | ||
1,235 | 5.000%, 12/01/26 – BAM Insured | No Opt. Call | AA | 1,510,319 | ||
Madison County Community Unit School District 7 Edwardsville, Illinois, General Obligation Bonds, Series 2017A: | ||||||
3,225 | 4.000%, 12/01/19 | No Opt. Call | AA | 3,238,287 | ||
2,100 | 4.000%, 12/01/20 | No Opt. Call | AA | 2,161,299 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project Bonds, Series 2017B: | ||||||
$ 725 | 5.000%, 12/15/25 | No Opt. Call | BBB | $823,578 | ||
1,925 | 5.000%, 12/15/26 | No Opt. Call | BBB | 2,221,508 | ||
360 | 5.000%, 12/15/27 | No Opt. Call | BBB | 420,131 | ||
1,945 | 5.000%, 12/15/28 | 12/27 at 100.00 | BBB | 2,259,993 | ||
650 | 5.000%, 12/15/30 | 12/27 at 100.00 | BBB | 746,454 | ||
Montgomery, Illinois, Lakewood Creek Project Special Assessment Bonds, Series 2018: | ||||||
280 | 2.300%, 3/01/21 – BAM Insured | No Opt. Call | AA | 281,632 | ||
379 | 2.450%, 3/01/22 – BAM Insured | No Opt. Call | AA | 383,544 | ||
373 | 2.850%, 3/01/24 – BAM Insured | No Opt. Call | AA | 382,553 | ||
North Barrington, Lake County, Illinois, Special Tax Bonds, Special Service Area 19, Refunding Series 2019: | ||||||
1,000 | 4.000%, 2/01/33 – BAM Insured | 2/28 at 100.00 | AA | 1,115,400 | ||
1,000 | 4.000%, 2/01/36 – BAM Insured | 2/28 at 100.00 | AA | 1,106,600 | ||
1,895 | 4.000%, 2/01/40 – BAM Insured | 2/28 at 100.00 | AA | 2,075,044 | ||
2,000 | 4.000%, 2/01/44 – BAM Insured | 2/28 at 100.00 | AA | 2,169,820 | ||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2010: | ||||||
6,025 | 5.250%, 6/01/20 | No Opt. Call | A | 6,170,745 | ||
280 | 5.250%, 6/01/21 | No Opt. Call | A | 296,828 | ||
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2017: | ||||||
4,250 | 5.000%, 6/01/22 | No Opt. Call | A | 4,627,655 | ||
2,015 | 5.000%, 6/01/23 | No Opt. Call | A | 2,257,908 | ||
2,525 | 5.000%, 6/01/24 | No Opt. Call | A | 2,906,881 | ||
5,920 | 5.000%, 6/01/25 | No Opt. Call | A | 6,987,790 | ||
1,895 | Regional Transportation Authority, Cook, DuPage, Kane, Lake, McHenry and Will Counties, Illinois, General Obligation Bonds, Series 1990A, 7.200%, 11/01/20 – AMBAC Insured | No Opt. Call | AA | 1,959,695 | ||
Round Lake, Lake County, Illinois, Special Tax Bonds, Lakewood Grove Special Service Areas 1, 3 & 4, Refunding Series 2017: | ||||||
1,009 | 2.850%, 3/01/22 – BAM Insured | No Opt. Call | AA | 1,024,347 | ||
1,133 | 3.200%, 3/01/24 – BAM Insured | No Opt. Call | AA | 1,176,666 | ||
1,000 | 3.300%, 3/01/25 – BAM Insured | No Opt. Call | AA | 1,051,250 | ||
1,258 | 3.450%, 3/01/26 – BAM Insured | No Opt. Call | AA | 1,338,122 | ||
1,208 | 3.600%, 3/01/28 – BAM Insured | 3/27 at 100.00 | AA | 1,298,672 | ||
Southwestern Illinois Development Authority, Health Facility Revenue Bonds, Hospital Sisters Services, Inc Obligated Group, Series 2017A: | ||||||
2,460 | 5.000%, 2/15/26 | No Opt. Call | AA- | 2,964,128 | ||
3,525 | 5.000%, 2/15/27 | No Opt. Call | AA- | 4,337,512 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
Springfield, Illinois, Electric Revenue Bonds, Senior Lien Series 2015: | ||||||
$ 2,495 | 5.000%, 3/01/20 | No Opt. Call | A | $2,530,753 | ||
2,765 | 5.000%, 3/01/21 | No Opt. Call | A | 2,899,047 | ||
2,565 | 5.000%, 3/01/22 | No Opt. Call | A | 2,772,637 | ||
2,415 | Sterling, Whiteside County, Illinois, General Obligation Bonds, Alternate Revenue Source, Series 2012, 4.000%, 11/01/19 | No Opt. Call | A+ | 2,419,637 | ||
Winnebago-Boone Counties School District 205 Rockford, Illinois, General Obligation Bonds, Series 2013: | ||||||
1,450 | 0.000%, 2/01/21 | No Opt. Call | A+ | 1,411,140 | ||
6,220 | 0.000%, 2/01/22 | No Opt. Call | A+ | 5,921,875 | ||
6,820 | 0.000%, 2/01/23 | No Opt. Call | A+ | 6,339,736 | ||
542,944 | Total Illinois | 582,883,574 | ||||
Indiana – 3.5% | ||||||
815 | Carmel Local Public Improvement Bond Bank, Indiana, Multipurpose Revenue Bonds, Series 2016, 5.000%, 7/15/20 | No Opt. Call | AA | 838,880 | ||
1,965 | Center Grove Multi-Facility School Building Corporation, Johnson County, Indiana, Ad Valorem Property Tax First Mortgage Bonds, Series 2019, 2.500%, 12/15/20 | 6/20 at 100.00 | N/R | 1,976,377 | ||
1,000 | Gary, Indiana, Revenue Anticipation Notes, Series 2019, 5.000%, 2/25/20 | No Opt. Call | N/R | 994,180 | ||
Hamilton Southeastern Consolidated School Building Corporation, Hamilton County, Indiana, First Mortgage Bonds, Refunding Series 2015D: | ||||||
2,000 | 5.000%, 1/15/20 | No Opt. Call | AA+ | 2,020,720 | ||
1,000 | 5.000%, 7/15/20 | No Opt. Call | AA+ | 1,028,430 | ||
Hobart Building Corporation, Indiana, First Mortgage Revenue Bonds, Refunding Series 2016: | ||||||
1,540 | 4.000%, 7/15/20 | No Opt. Call | AA+ | 1,570,307 | ||
1,590 | 4.000%, 1/15/21 | No Opt. Call | AA+ | 1,641,452 | ||
2,200 | 5.000%, 1/15/22 | No Opt. Call | AA+ | 2,379,168 | ||
13,000 | Indiana Bond Bank, Advance Funding Program Notes, Series 2019A, 4.000%, 1/03/20 | No Opt. Call | N/R | 13,087,620 | ||
190 | Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For Educational Excellence, Inc, Series 2009A, 6.000%, 10/01/21 | 10/19 at 100.00 | B | 190,272 | ||
2,120 | Indiana Finance Authority, Hospital Revenue Bonds, Floyd Memorial Hospital and Health Services Project, Refunding Series 2010, 5.000%, 3/01/20 (ETM) | No Opt. Call | N/R (5) | 2,151,630 | ||
12,500 | Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Long Term Rate Series 2019B, 2.250%, 12/01/58 (Mandatory Put 7/01/25) | 1/25 at 100.00 | AA | 13,011,000 | ||
10,500 | Indiana Finance Authority, Hospital Revenue Bonds, Indiana Unversity Health Obligation Group, Refunding 2015B, 1.650%, 12/01/42 (Mandatory Put 7/01/22) | 1/22 at 100.00 | AA | 10,537,275 | ||
Indiana Finance Authority, Hospital Revenue Bonds, Major Hospital Project, Series 2014A: | ||||||
1,075 | 4.000%, 10/01/20 | No Opt. Call | A | 1,097,414 | ||
435 | 4.000%, 10/01/21 | No Opt. Call | A | 453,274 | ||
145 | 5.000%, 10/01/23 | No Opt. Call | A | 161,969 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
Indiana Finance Authority, Hospital Revenue Bonds, Parkview Health System Obligated Group, Refunding Series 2012A: | ||||||
$ 30 | 5.000%, 5/01/20 | No Opt. Call | N/R | $30,627 | ||
735 | 5.000%, 5/01/20 | No Opt. Call | AA- | 750,538 | ||
65 | 5.000%, 5/01/21 | No Opt. Call | N/R | 68,676 | ||
1,935 | 5.000%, 5/01/21 | No Opt. Call | AA- | 2,046,321 | ||
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2014A: | ||||||
375 | 5.000%, 10/01/19 | No Opt. Call | AA | 375,000 | ||
785 | 5.000%, 10/01/20 | No Opt. Call | AA | 812,813 | ||
Indiana Finance Authority, Wastewater Utility Revenue Bonds, CWA Authority Project, Series 2015A: | ||||||
680 | 5.000%, 10/01/20 | No Opt. Call | AA | 704,092 | ||
690 | 5.000%, 10/01/23 | No Opt. Call | AA | 786,441 | ||
1,000 | 5.000%, 10/01/24 | No Opt. Call | AA | 1,173,010 | ||
1,800 | 5.000%, 10/01/25 | 10/24 at 100.00 | AA | 2,114,118 | ||
1,240 | 5.000%, 10/01/26 | 10/24 at 100.00 | AA | 1,454,359 | ||
800 | 5.000%, 10/01/27 | 10/24 at 100.00 | AA | 937,584 | ||
3,065 | Indiana Health Facility Financing Authority, Revenue Bonds, Ascension Health, Series 2005A-10, 1.500%, 11/01/27 (Mandatory Put 5/01/20) | No Opt. Call | AA | 3,066,931 | ||
2,700 | Indiana Health Facility Financing Authority, Revenue Bonds, Ascension Health, Series 2005A-4, 1.500%, 10/01/27 (Mandatory Put 5/01/20) | No Opt. Call | AA+ | 2,701,701 | ||
10,000 | Indiana Health Facility Financing Authority, Revenue Bonds, Ascension Health, Series 2011A-1, 2.000%, 11/15/36 (Mandatory Put 2/01/23) | No Opt. Call | AA+ | 10,179,800 | ||
260 | Indiana State University Board of Trustees, Indiana State University Housing and Dining System Revenue Bonds, Series 2014, 4.000%, 4/01/22 | No Opt. Call | AA- | 277,464 | ||
3,690 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Refunding Series 2006, 5.500%, 1/01/20 – NPFG Insured | No Opt. Call | AA | 3,728,671 | ||
8,000 | Indianapolis Local Public Improvement Bond Bank, Indiana, Waterworks Project, Series 2007B, 5.250%, 7/01/24 – NPFG Insured | No Opt. Call | AA | 9,393,440 | ||
10,215 | Indianapolis, Indiana, Gas Utility Distribution System Revenue Bonds, Refunding 2nd Lien Series 2017A, 5.000%, 8/15/25 | No Opt. Call | AA | 12,309,994 | ||
Indianapolis, Indiana, Thermal Energy System Revenue Bonds, Refunding First Lien Series 2014A: | ||||||
285 | 5.000%, 10/01/19 | No Opt. Call | A | 285,000 | ||
350 | 5.000%, 10/01/20 | No Opt. Call | A | 361,799 | ||
450 | 5.000%, 10/01/21 | No Opt. Call | A | 482,351 | ||
460 | 5.000%, 10/01/22 | No Opt. Call | A | 506,294 | ||
710 | 5.000%, 10/01/23 | No Opt. Call | A | 803,322 | ||
420 | 5.000%, 10/01/24 | No Opt. Call | A | 487,817 | ||
505 | 5.000%, 10/01/25 | 10/24 at 100.00 | A | 585,709 | ||
760 | 5.000%, 10/01/26 | 10/24 at 100.00 | A | 880,635 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Indiana (continued) | ||||||
Indianapolis, Indiana, Thermal Energy System Revenue Bonds, Refunding First Lien Series 2016A: | ||||||
$ 1,910 | 5.000%, 10/01/21 | No Opt. Call | A | $2,047,310 | ||
4,400 | 5.000%, 10/01/22 | No Opt. Call | A | 4,842,816 | ||
10,000 | 5.000%, 10/01/23 | No Opt. Call | A | 11,314,400 | ||
12,500 | Mount Vernon, Indiana, Environmental Improvement Revenue Bonds, Southern Indiana Gas and Electric Company Project, Refunding Series 2015, 2.375%, 9/01/55 (Mandatory Put 9/01/20) (AMT) | No Opt. Call | A1 | 12,502,625 | ||
1,000 | Richmond Hospital Authority, Indiana, Revenue Bonds, Reid Hospital Project, Refunding Series 2015A, 5.000%, 1/01/22 | No Opt. Call | A | 1,075,460 | ||
2,500 | Rockport, Indiana, Pollution Control Revenue Bonds, AEP Generating Company Project, Refunding Series 1995A, 1.350%, 7/01/25 (Mandatory Put 9/01/22) | No Opt. Call | A- | 2,482,850 | ||
2,750 | Rockport, Indiana, Pollution Control Revenue Bonds, AEP Generating Company Project, Refunding Series 1995B, 1.350%, 7/01/25 (Mandatory Put 9/01/22) | No Opt. Call | A- | 2,731,135 | ||
2,665 | Rockport, Indiana, Pollution Control Revenue Refunding Bonds, Indiana Michigan Power Company Project, Series 2008D, 2.050%, 4/01/25 (Mandatory Put 6/01/21) | No Opt. Call | A- | 2,684,641 | ||
13,000 | Rockport, Indiana, Pollution Control Revenue Refunding Bonds, Indiana Michigan Power Company, Series 2002A, 2.750%, 6/01/25 | No Opt. Call | A- | 13,604,240 | ||
Vanderburgh County, Indiana, Redevelopment District Tax Increment Revenue bonds, Refunding Series 2014: | ||||||
800 | 5.000%, 2/01/20 | No Opt. Call | A | 809,256 | ||
640 | 5.000%, 2/01/21 | No Opt. Call | A | 669,818 | ||
1,595 | 4.000%, 2/01/24 | No Opt. Call | A | 1,750,576 | ||
7,500 | Warrick County, Indiana, Environmental Improvement Revenue Bonds, Southern Indiana Gas and Electric Company, Series 2015, 2.375%, 9/01/55 (Mandatory Put 9/01/20) (AMT) | No Opt. Call | A1 | 7,501,575 | ||
10,000 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2015, 5.000%, 11/01/45 (Mandatory Put 11/01/22) (AMT) | No Opt. Call | A1 | 10,985,000 | ||
10,320 | Whiting, Indiana, Environmental Facilities Revenue Bonds, BP Products North America Inc Project, Series 2016A, 5.000%, 3/01/46 (Mandatory Put 3/01/23) (AMT) | No Opt. Call | A1 | 11,426,614 | ||
1,255 | Zionsville Community Schools Building Corporation, Indiana, First Mortgage Bonds, Refunding Series 2014B, 4.000%, 1/15/20 | No Opt. Call | AA | 1,264,438 | ||
186,915 | Total Indiana | 198,137,229 | ||||
Iowa – 0.6% | ||||||
Fort Dodge Community School District, Webster County, Iowa, School Infrastructure Sales, Services, and Use Tax Revenue Bonds, Series 2011: | ||||||
1,380 | 5.000%, 1/01/20 – AGM Insured (ETM) | No Opt. Call | AA (5) | 1,392,627 | ||
1,245 | 5.000%, 1/01/22 – AGM Insured (Pre-refunded 1/01/21) | 1/21 at 100.00 | AA (5) | 1,302,257 | ||
3,215 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 12/20 at 103.00 | B+ | 3,261,939 | ||
4,900 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2013, 5.250%, 12/01/25 | 12/23 at 100.00 | B+ | 5,348,399 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Iowa (continued) | ||||||
Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016: | ||||||
$ 2,000 | 5.875%, 12/01/26, 144A | 10/19 at 105.00 | B+ | $2,102,700 | ||
4,775 | 5.875%, 12/01/27, 144A | 10/19 at 105.00 | B+ | 5,019,910 | ||
9,730 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018A, 5.250%, 12/01/50 (Mandatory Put 12/01/33) | 12/25 at 103.00 | B+ | 10,417,619 | ||
2,220 | Iowa Finance Authority, Single Family Mortgage Revenue Bonds, Series 2019D, 2.450%, 7/01/34 | 1/29 at 100.00 | AAA | 2,190,141 | ||
29,465 | Total Iowa | 31,035,592 | ||||
Kansas – 0.2% | ||||||
Kansas Development Finance Authority, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Series 2010A: | ||||||
1,090 | 5.000%, 1/01/20 (ETM) | No Opt. Call | N/R (5) | 1,099,428 | ||
185 | 5.000%, 1/01/20 | No Opt. Call | AA- | 186,661 | ||
1,295 | 5.000%, 1/01/23 (Pre-refunded 1/01/20) | 1/20 at 100.00 | N/R (5) | 1,306,202 | ||
200 | 5.000%, 1/01/23 | 1/20 at 100.00 | AA- | 201,830 | ||
Topeka Public Building Commission, Kansas, Revenue Bonds, Kansas Department of Administration - 10th and Jackson Projects, Series 2007A: | ||||||
2,245 | 5.000%, 6/01/25 – NPFG Insured | 10/19 at 101.00 | A+ | 2,274,140 | ||
2,945 | 5.000%, 6/01/26 – NPFG Insured | 10/19 at 101.00 | A+ | 2,983,138 | ||
2,000 | Wyandotte County/Kansas City Unified Government, Kansas, Utility System Revenue Bonds, Refunding & Improvement Series 2014A, 5.000%, 9/01/20 | No Opt. Call | A | 2,065,320 | ||
9,960 | Total Kansas | 10,116,719 | ||||
Kentucky – 2.6% | ||||||
6,000 | Carroll County, Kentucky, Environmental Facilities Revenue Bonds, Kentucky Utilities Company Project, Series 2004A, 1.750%, 10/01/34 (Mandatory Put 9/01/26) (AMT) | No Opt. Call | A1 | 5,968,740 | ||
13,000 | Carroll County, Kentucky, Pollution Control Revenue Bonds, Kentucky Utilities Company Project, Refunding Series 2016A, 1.550%, 9/01/42 (Mandatory Put 9/01/26) | No Opt. Call | A1 | 12,933,570 | ||
Kentucky Economic Development Finance Authority, Hospital Revenue Bonds, Owensboro Health, Refunding Series 2017A: | ||||||
1,500 | 5.000%, 6/01/21 | No Opt. Call | Baa3 | 1,568,835 | ||
1,375 | 5.000%, 6/01/22 | No Opt. Call | Baa3 | 1,475,169 | ||
6,000 | 5.000%, 6/01/24 | No Opt. Call | Baa3 | 6,743,580 | ||
4,200 | 5.000%, 6/01/25 | No Opt. Call | Baa3 | 4,822,734 | ||
9,705 | Kentucky Economic Development Finance Authority, Revenue Bonds, Catholic Health Initiatives, Refunding Series 2009B, 2.700%, 5/01/39 (Mandatory Put 11/10/21) | No Opt. Call | BBB+ | 9,907,252 | ||
6,000 | Kentucky State Property and Buildings Commission, Revenue Bonds, Project 112, Refunding Series 2016B, 5.000%, 11/01/19 | No Opt. Call | A1 | 6,016,920 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Kentucky (continued) | ||||||
Louisville/Jefferson County Metro Government, Kentucky, Revenue Bonds, Catholic Health Initiatives, Series 2012A: | ||||||
$ 5,025 | 5.000%, 12/01/19 (ETM) | No Opt. Call | BBB+ (5) | $5,053,793 | ||
2,100 | 3.500%, 12/01/20 (ETM) | No Opt. Call | BBB+ (5) | 2,147,754 | ||
3,025 | 5.000%, 12/01/23 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (5) | 3,302,907 | ||
2,970 | 5.000%, 12/01/24 (Pre-refunded 6/01/22) | 6/22 at 100.00 | BBB+ (5) | 3,242,854 | ||
6,130 | Louisville-Jefferson County Metropolitan Government, Kentucky, Environmental Facilities Revenue, Louisville Gas & Electric Company Project, Refunding Series 2007A, 1.650%, 6/01/33 (Mandatory Put 6/01/21) | No Opt. Call | A1 | 6,152,068 | ||
7,500 | Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2001B, 2.550%, 11/01/27 (Mandatory Put 5/03/21) (AMT) | No Opt. Call | A1 | 7,631,250 | ||
18,000 | Louisville-Jefferson County Metropolitan Government, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2005A, 1.750%, 2/01/35 (Mandatory Put 7/01/26) | No Opt. Call | A1 | 18,007,560 | ||
3,325 | Oldham County School District Finance Corporation, Kentucky, School Building Revenue Bonds, Refunding Series 2016, 4.000%, 9/01/27 | No Opt. Call | A1 | 3,799,344 | ||
Pikeville, Kentucky, Hospital Revenue Bonds, Pikeville Medical Center, Inc Project, Improvement and Refunding Series 2011: | ||||||
60 | 6.000%, 3/01/20 (ETM) | No Opt. Call | Baa2 (5) | 61,151 | ||
1,090 | 6.000%, 3/01/20 | No Opt. Call | Baa2 | 1,108,083 | ||
420 | 6.000%, 3/01/21 (ETM) | No Opt. Call | Baa2 (5) | 447,376 | ||
800 | 6.000%, 3/01/21 | No Opt. Call | Baa2 | 844,952 | ||
12,750 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 4/01/48 (Mandatory Put 4/01/24) | No Opt. Call | A3 | 13,863,840 | ||
6,470 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25) | No Opt. Call | A1 | 7,153,491 | ||
5,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-1, 4.000%, 12/01/49 (Mandatory Put 6/01/25) | No Opt. Call | A | 5,533,000 | ||
8,050 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2001B, 2.550%, 11/01/27 (Mandatory Put 5/03/21) (AMT) | No Opt. Call | A1 | 8,190,875 | ||
6,765 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2002A, 2.300%, 9/01/26 (Mandatory Put 9/01/21) | No Opt. Call | A1 | 6,873,511 | ||
4,915 | Warren County, Kentucky, Hospital Refunding Revenue Bonds, Bowling Green-Warren County Community Hospital Corporation, Series 2013, 5.000%, 4/01/23 | No Opt. Call | A+ | 5,350,764 | ||
142,175 | Total Kentucky | 148,201,373 | ||||
Louisiana – 5.0% | ||||||
2,140 | East Baton Rouge Parish, Louisiana, Sales Tax Revenue Bonds, Road & Street Improvement, Refunding Series 2015, 5.000%, 8/01/22 | No Opt. Call | AA- | 2,349,891 | ||
2,070 | Ernest N Morial-New Orleans Exhibition Hall Authority, Louisiana, Special Tax Bonds, Refunding Series 2014, 5.000%, 7/15/20 | No Opt. Call | AA+ | 2,128,519 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2015: | ||||||
$ 2,095 | 5.000%, 6/01/20 | No Opt. Call | A1 | $2,143,772 | ||
2,075 | 5.000%, 6/01/21 – AGM Insured | No Opt. Call | AA | 2,195,973 | ||
2,595 | 5.000%, 6/01/22 – AGM Insured | No Opt. Call | AA | 2,835,556 | ||
Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2016A: | ||||||
33,390 | 5.000%, 6/01/23 | No Opt. Call | A1 | 37,605,487 | ||
9,000 | 5.000%, 6/01/24 | No Opt. Call | A1 | 10,431,450 | ||
2,245 | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, East Baton Rouge Parish Road Improvements Project, Series 2015, 5.000%, 8/01/24 | No Opt. Call | AA | 2,607,343 | ||
180 | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Livingston Parish North Park Project, Series 2008, 6.100%, 10/01/19 | No Opt. Call | AA- | 180,000 | ||
24,935 | Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Westlake Chemical Corporation Projects, Refunding Series 2017, 3.500%, 11/01/32 | 11/27 at 100.00 | BBB | 26,556,772 | ||
Louisiana Local Government Environmental Facilities and Community Development Authority, Revenue Bonds, Womans Hospital Foundation Project, Refunding Series 2017A: | ||||||
1,000 | 3.000%, 10/01/22 | No Opt. Call | A | 1,041,090 | ||
1,800 | 5.000%, 10/01/23 | No Opt. Call | A | 2,035,836 | ||
1,070 | 5.000%, 10/01/24 | No Opt. Call | A | 1,243,329 | ||
3,000 | 4.000%, 10/01/25 | No Opt. Call | A | 3,405,630 | ||
29,790 | Louisiana Public Facilities Authority, Hospital Revenue Bonds, Louisiana Children's Medical Center Hospital, Series 2015A-1 Fixed Rate Mode, 5.000%, 6/01/45 (Mandatory Put 6/01/25) | No Opt. Call | A+ | 35,022,316 | ||
7,165 | Louisiana Public Facilities Authority, Hospital Revenue Bonds, Louisiana Children's Medical Center Hospital, Series 2015A-3 Term Rate Mode, 5.000%, 6/01/45 (Mandatory Put 6/01/23) | No Opt. Call | A+ | 8,020,573 | ||
5,015 | Louisiana Public Facilities Authority, Revenue Bonds, Hurricane Recovery Program, Refunding Series 2014, 5.000%, 6/01/20 | No Opt. Call | A1 | 5,138,168 | ||
1,040 | Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project, Refunding Series 2017, 5.000%, 5/15/22 | No Opt. Call | A3 | 1,127,277 | ||
1,650 | Louisiana Public Facilities Authority, Revenue Bonds, Tulane University, Refunding Series 2016A, 5.000%, 12/15/21 | No Opt. Call | A | 1,779,179 | ||
Louisiana Public Facilities Authority, Revenue Bonds, University of New Orleans Research and Technology Foundation, Inc- Student Housing Project, Refunding Series 2014: | ||||||
710 | 5.000%, 9/01/21 – AGM Insured | No Opt. Call | AA | 758,514 | ||
580 | 5.000%, 9/01/22 – AGM Insured | No Opt. Call | AA | 638,876 | ||
1,445 | 5.000%, 9/01/23 – AGM Insured | No Opt. Call | AA | 1,635,827 | ||
1,565 | 5.000%, 9/01/24 – AGM Insured | No Opt. Call | AA | 1,819,328 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A: | ||||||
$ 1,115 | 5.000%, 7/01/20 | No Opt. Call | AA- | $1,144,626 | ||
7,265 | 5.000%, 7/01/26 | 7/23 at 100.00 | AA- | 8,173,924 | ||
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Second Lien Series 2017C: | ||||||
2,520 | 5.000%, 5/01/29 | 11/27 at 100.00 | AA- | 3,162,071 | ||
3,000 | 5.000%, 5/01/30 | 11/27 at 100.00 | AA- | 3,749,280 | ||
3,070 | 5.000%, 5/01/31 | 11/27 at 100.00 | AA- | 3,820,983 | ||
Louisiana State, Gasoline and Fuels Tax Revenue Bonds, Refunding Series 2012A-1: | ||||||
95 | 5.000%, 5/01/20 | No Opt. Call | Aa2 | 96,992 | ||
3,570 | 5.000%, 5/01/21 | No Opt. Call | Aa2 | 3,773,633 | ||
7,000 | Louisiana State, General Obligation Bonds, Refunding Series 2014C, 5.000%, 8/01/22 | No Opt. Call | AA- | 7,702,940 | ||
6,245 | Louisiana State, General Obligation Bonds, Series 2015A, 5.000%, 5/01/23 | No Opt. Call | AA- | 7,030,246 | ||
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2012: | ||||||
2,860 | 5.000%, 12/01/19 | No Opt. Call | AA- | 2,876,760 | ||
2,500 | 5.000%, 12/01/20 | No Opt. Call | AA- | 2,603,800 | ||
3,600 | 5.000%, 12/01/21 | No Opt. Call | AA- | 3,868,164 | ||
New Orleans, Louisiana, General Obligation Bonds, Refunding Series 2015: | ||||||
1,025 | 4.000%, 12/01/19 | No Opt. Call | AA- | 1,029,346 | ||
1,500 | 5.000%, 12/01/20 | No Opt. Call | AA- | 1,562,280 | ||
2,000 | 5.000%, 12/01/21 | No Opt. Call | AA- | 2,148,980 | ||
7,900 | New Orleans, Louisiana, General Obligation Bonds, Series 1998, 5.500%, 12/01/21 – FGIC Insured | No Opt. Call | A+ | 8,244,282 | ||
New Orleans, Louisiana, Sewerage Service Revenue Bonds, Series 2015: | ||||||
1,000 | 5.000%, 6/01/24 | No Opt. Call | A | 1,147,850 | ||
525 | 5.000%, 6/01/26 | 6/25 at 100.00 | A | 616,040 | ||
1,100 | New Orleans, Louisiana, Water Revenue Bonds, Refunding Series 2014, 5.000%, 12/01/19 | No Opt. Call | A- | 1,106,160 | ||
6,410 | Saint Charles Parish, Louisiana, Gulf Opportunity Zone Revenue Bonds, Valero Project, Series 2010, 4.000%, 12/01/40 (Mandatory Put 6/01/22) | No Opt. Call | BBB | 6,759,665 | ||
20,535 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-1, 2.000%, 6/01/37 (Mandatory Put 4/01/23) (WI/DD, Settling 10/01/19) | No Opt. Call | BBB | 20,591,471 | ||
18,000 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-2, 2.100%, 6/01/37 (Mandatory Put 7/01/24) (WI/DD, Settling 10/01/19) | No Opt. Call | BBB | 18,090,540 | ||
13,015 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-3, 2.200%, 6/01/37 (Mandatory Put 7/01/26) (WI/DD, Settling 10/01/19) | No Opt. Call | BBB | 13,122,374 | ||
2,295 | Shreveport, Louisiana, General Obligation Bonds, Series 2014, 5.000%, 9/01/21 | No Opt. Call | A | 2,442,362 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Louisiana (continued) | ||||||
Shreveport, Louisiana, Revenue Bonds, Independence Stadium Project, Refunding Series 2016: | ||||||
$ 1,000 | 3.000%, 3/01/21 – BAM Insured | No Opt. Call | AA | $1,021,040 | ||
1,000 | 5.000%, 3/01/22 – BAM Insured | No Opt. Call | AA | 1,083,680 | ||
Terrebonne Levee and Conservation District, Louisiana, Public Improvement Sales Tax Bonds, Series 2013: | ||||||
1,710 | 5.000%, 7/01/21 | No Opt. Call | A+ | 1,817,388 | ||
1,680 | 5.000%, 7/01/22 | No Opt. Call | A+ | 1,832,897 | ||
260,090 | Total Louisiana | 283,320,480 | ||||
Maryland – 0.5% | ||||||
8,795 | Maryland Economic Development Corporation, Pollution Control Revenue Bonds, Potomac Electric Power Company, Refunding Series 2019, 1.700%, 9/01/22 | No Opt. Call | A- | 8,844,867 | ||
8,155 | Maryland Economic Development Corporation, Revenue Bonds, Constellation Energy Group, Inc Projects, Adjustable Mode, Refunding Series 2006B, 2.550%, 12/01/25 (Mandatory Put 6/01/20) | No Opt. Call | BBB+ | 8,217,223 | ||
660 | Maryland Economic Development Corporation, Student Housing Revenue Bonds, University of Maryland, College Park Project, Refunding Series 2016, 4.000%, 6/01/20 – AGM Insured | No Opt. Call | AA | 671,200 | ||
Maryland Health and Higher Educational Facilities Authority, Maryland, Hospital Revenue Bonds, Meritus Medical Center, Series 2015: | ||||||
540 | 5.000%, 7/01/21 | No Opt. Call | A- | 572,238 | ||
1,000 | 5.000%, 7/01/22 | No Opt. Call | A- | 1,093,270 | ||
250 | 5.000%, 7/01/23 | No Opt. Call | A- | 280,985 | ||
500 | 5.000%, 7/01/24 | No Opt. Call | A- | 576,900 | ||
4,400 | Montgomery County, Maryland, General Obligation Bonds, Consolidated Public Improvement Series 2018B, 5.000%, 11/01/29 | 11/28 at 100.00 | AAA | 5,720,264 | ||
1,895 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, TEMPS 45 Series 2017C-3, 2.500%, 11/01/24 | 10/19 at 100.00 | BB | 1,895,815 | ||
1,470 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, TEMPS 70 Series 2017C-2, 3.000%, 11/01/25 | 5/20 at 100.00 | BB | 1,477,997 | ||
845 | Rockville Mayor and Council, Maryland, Economic Development Revenue Bonds, Ingleside King Farm Project, TEMPS 85 Series 2017C-1, 3.500%, 11/01/26 | 5/20 at 100.00 | BB | 851,295 | ||
28,510 | Total Maryland | 30,202,054 | ||||
Massachusetts – 1.6% | ||||||
3,825 | Massachusetts Department of Transportation, Metropolitan Highway System Revenue Bonds, Refunding Senior Lien Series 2010B, 5.000%, 1/01/23 | 1/20 at 100.00 | A+ | 3,860,305 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Massachusetts (continued) | ||||||
Massachusetts Development Finance Agency Revenue Bonds, Lawrence General Hospital Issue, Series 2014A: | ||||||
$ 375 | 5.000%, 7/01/20 | No Opt. Call | BB | $382,556 | ||
555 | 5.000%, 7/01/21 | No Opt. Call | BB | 580,663 | ||
690 | 5.000%, 7/01/22 | No Opt. Call | BB | 738,921 | ||
625 | 5.000%, 7/01/23 | No Opt. Call | BB | 683,119 | ||
735 | 5.000%, 7/01/24 | No Opt. Call | BB | 818,474 | ||
795 | 5.000%, 7/01/25 | 7/24 at 100.00 | BB | 885,240 | ||
1,500 | Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-1, 5.000%, 7/01/25 | No Opt. Call | A | 1,786,050 | ||
Massachusetts Development Finance Agency, Revenue Bonds, CareGroup Issue, Series 2018J-2: | ||||||
2,775 | 5.000%, 7/01/29 | 7/28 at 100.00 | A | 3,447,160 | ||
2,750 | 5.000%, 7/01/30 | 7/28 at 100.00 | A | 3,441,048 | ||
2,495 | 5.000%, 7/01/31 | 7/28 at 100.00 | A | 3,108,471 | ||
2,100 | 5.000%, 7/01/32 | 7/28 at 100.00 | A | 2,605,344 | ||
Massachusetts Development Finance Agency, Revenue Bonds, Wellforce Issue, Series 2019A: | ||||||
825 | 5.000%, 7/01/20 | No Opt. Call | BBB+ | 845,361 | ||
1,300 | 5.000%, 7/01/21 | No Opt. Call | BBB+ | 1,374,126 | ||
815 | 5.000%, 7/01/23 | No Opt. Call | BBB+ | 910,966 | ||
1,000 | Massachusetts Health and Educational Facilities Authority, Revenue Bonds, Massachusetts Eye and Ear Infirmary, Series 2010C, 5.000%, 7/01/20 (ETM) | No Opt. Call | N/R (5) | 1,027,250 | ||
20,105 | Massachusetts State, General Obligation Bonds, Consolidated Loan Series 2014D-1, 1.050%, 8/01/43 (Mandatory Put 7/01/20) | No Opt. Call | Aa1 | 20,045,288 | ||
14,000 | Massachusetts State, General Obligation Bonds, Refunding Series 2015A, 5.000%, 7/01/23 | No Opt. Call | Aa1 | 15,904,840 | ||
17,000 | Massachusetts State, General Obligation Bonds, Series 2019B, 5.000%, 1/01/21 | No Opt. Call | Aa1 | 17,792,710 | ||
9,600 | Massachusetts State, Transportation Fund Revenue Bonds, Rail Enhancement Program, Series 2012A, 4.000%, 6/01/33 | 6/21 at 100.00 | AA+ | 9,994,656 | ||
83,865 | Total Massachusetts | 90,232,548 | ||||
Michigan – 1.4% | ||||||
1,500 | Detroit-Wayne County Stadium Authority, Michigan, Wayne County Limited Tax General Obligation Bonds, Building Authority Stadium Refunding Series 2012, 5.000%, 10/01/19 – AGM Insured | No Opt. Call | AA | 1,500,000 | ||
1,100 | Marquettte, Michigan, Electric Utility System Revenue Bonds, Refunding Series 2016A, 5.000%, 7/01/21 | No Opt. Call | AA- | 1,168,882 | ||
1,835 | Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2017A-MI, 5.000%, 12/01/21 | No Opt. Call | AA- | 1,975,763 | ||
15,125 | Michigan Hospital Finance Authority, Revenue Bonds, Ascension Health Senior Credit Group, Refunding Series 2010F-1, 4.000%, 11/15/47 (Mandatory Put 6/01/23) | No Opt. Call | AA+ | 16,496,838 | ||
6,200 | Michigan Housing Development Authority, Rental Housing Revenue Bonds, Series 2018A, 3.550%, 10/01/33 | 10/27 at 100.00 | AA | 6,656,134 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan (continued) | ||||||
Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Fixed Rate Series 2018C: | ||||||
$ 3,505 | 3.550%, 6/01/29 | 12/27 at 100.00 | AA+ | $3,865,840 | ||
3,825 | 3.650%, 6/01/30 | 12/27 at 100.00 | AA+ | 4,208,303 | ||
3,810 | 3.700%, 12/01/30 | 12/27 at 100.00 | AA+ | 4,187,800 | ||
1,805 | 3.350%, 12/01/34 | 6/28 at 100.00 | AA+ | 1,917,036 | ||
5,000 | Michigan Housing Development Authority, Single Family Mortgage Revenue Bonds, Series 2016A, 3.100%, 12/01/31 | 6/26 at 100.00 | AA+ | 5,229,050 | ||
Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Refunding Series 2008C: | ||||||
1,000 | 5.000%, 12/01/19 | No Opt. Call | AA- | 1,005,930 | ||
1,000 | 5.000%, 12/01/20 | No Opt. Call | AA- | 1,041,990 | ||
1,000 | 5.000%, 12/01/21 | No Opt. Call | AA- | 1,076,710 | ||
6,030 | Michigan State Trunk Line Fund Refunding Bonds, Series 2009, 5.000%, 11/01/20 | 11/19 at 100.00 | AA+ | 6,047,849 | ||
8,485 | Michigan Strategic Fund, Limited Obligation Pollution Control Revenue Refunding Bonds, Detroit Edison Company, Series 1995CC, 1.450%, 9/01/30 (Mandatory Put 9/01/21) | No Opt. Call | Aa3 | 8,437,229 | ||
8,000 | Michigan Strategic Fund, Limited Obligation Revenue Bonds, Detriot Edison Project, Refunding Series 2008, 1.450%, 8/01/29 (Mandatory Put 9/01/21) | No Opt. Call | Aa3 | 7,954,960 | ||
1,000 | Plymouth-Canton Community School District, Wayne and Washtenaw Counties, Michigan, General Obligation Bonds, Refunding Series 2012A, 5.000%, 5/01/21 | No Opt. Call | Aa1 | 1,058,660 | ||
1,000 | Plymouth-Canton Community School District, Wayne and Washtenaw Counties, Michigan, General Obligation Bonds, School Building & Site Series 2013A, 5.000%, 5/01/20 | No Opt. Call | AA | 1,021,560 | ||
2,525 | Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/22 | No Opt. Call | A+ | 2,785,883 | ||
73,745 | Total Michigan | 77,636,417 | ||||
Minnesota – 0.6% | ||||||
Cass Lake Independent School District 115, Minnesota, General Obligation Bonds, School Building Refunding Series 2010A: | ||||||
745 | 4.000%, 2/01/23 | 2/20 at 100.00 | AAA | 751,712 | ||
1,615 | 5.000%, 2/01/25 | 2/20 at 100.00 | AAA | 1,634,558 | ||
1,690 | 5.000%, 2/01/26 | 2/20 at 100.00 | AAA | 1,710,398 | ||
1,680 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014A, 5.000%, 1/01/24 | No Opt. Call | A+ | 1,931,849 | ||
2,500 | Minnesota Agricultural and Economic Development Board, Health Care Facilities Revenue Bonds, Essentia Health Obligated Group, Refunding Series 2008C-1, 5.500%, 2/15/25 – AGC Insured | 2/20 at 100.00 | AA | 2,537,575 | ||
19,420 | Minnesota State, 911 Revenue Bonds, Public Safety Radio Communication System Project, Series 2016, 5.000%, 6/01/20 | No Opt. Call | AA+ | 19,899,674 | ||
895 | Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Series 2013A, 5.000%, 1/01/23 | No Opt. Call | A- | 995,598 | ||
2,880 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/22 | No Opt. Call | AA- | 3,138,826 | ||
31,425 | Total Minnesota | 32,600,190 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Mississippi – 0.8% | ||||||
$ 1,000 | Lowndes County, Mississippi, Solid Waste Disposal and Pollution Control Refunding Revenue Bonds (Weyerhaeuser Company Project), Series 1992A, 6.800%, 4/01/22 | No Opt. Call | BBB | $1,103,490 | ||
6,865 | Mississippi Business Finance Corporation, Pollution Control Revenue, Mississippi Power, Series 2002, 3.200%, 9/01/28 | 3/24 at 100.00 | A- | 7,042,666 | ||
9,385 | Mississippi Business Finance Corporation, Revenue Bonds, Mississippi Power Company Project, First Series 2010, 2.750%, 12/01/40 (Mandatory Put 12/09/21) | No Opt. Call | A- | 9,530,092 | ||
20,430 | Mississippi Business Finance Corporation, Revenue Bonds, System Energy Resources, Inc Project, Refunding Series 2019, 2.500%, 4/01/22 | 4/21 at 100.00 | BBB+ | 20,478,011 | ||
3,680 | Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial Healthcare, Series 2015A, 5.000%, 9/01/24 | No Opt. Call | BBB+ | 4,180,848 | ||
41,360 | Total Mississippi | 42,335,107 | ||||
Missouri – 1.3% | ||||||
Branson Industrial Development Authority, Missouri, Tax Increment Revenue Bonds, Branson Shoppes Redevelopment Project, Refunding Series 2017A: | ||||||
745 | 3.000%, 11/01/20 | No Opt. Call | N/R | 750,923 | ||
765 | 4.000%, 11/01/22 | No Opt. Call | N/R | 795,807 | ||
755 | 4.000%, 11/01/23 | No Opt. Call | N/R | 790,583 | ||
325 | Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2017A, 5.000%, 3/01/20 | No Opt. Call | BBB- | 329,085 | ||
Metropolitan St Louis Sewerage District, Missouri, Wastewater System Revenue Bonds, Series 2011B: | ||||||
2,520 | 4.000%, 5/01/23 (Pre-refunded 5/01/21) | 5/21 at 100.00 | AAA | 2,629,318 | ||
2,695 | 4.000%, 5/01/24 (Pre-refunded 5/01/21) | 5/21 at 100.00 | AAA | 2,811,909 | ||
24,750 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Refunding Market-Adjusted Tax Exempt Securities Series 1992, 1.600%, 12/01/22 | 6/21 at 100.50 | A | 24,626,498 | ||
5,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Refunding Series 1998A, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 5,121,550 | ||
10,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 10,243,500 | ||
5,130 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998C, 2.750%, 9/01/33 | 6/27 at 102.00 | A | 5,188,533 | ||
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Saint Louis College of Pharmacy, Series 2013: | ||||||
440 | 5.000%, 5/01/20 | No Opt. Call | BBB | 447,238 | ||
1,000 | 5.000%, 5/01/21 | No Opt. Call | BBB | 1,043,290 | ||
2,545 | 4.000%, 5/01/22 | No Opt. Call | BBB | 2,654,740 | ||
1,320 | 5.000%, 5/01/23 | No Opt. Call | BBB | 1,439,526 | ||
Missouri Joint Municipal Electric Utility Commission, Power Project Revenue Bonds, Plum Point Project, Refunding Series 2014A: | ||||||
2,420 | 5.000%, 1/01/25 | No Opt. Call | A | 2,850,373 | ||
5,000 | 5.000%, 1/01/26 | 1/25 at 100.00 | A | 5,882,600 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2015: | ||||||
$ 1,700 | 5.000%, 7/01/20 | No Opt. Call | A | $1,745,815 | ||
1,725 | 5.000%, 7/01/21 | No Opt. Call | A | 1,835,797 | ||
1,000 | 5.000%, 7/01/22 | No Opt. Call | A | 1,097,530 | ||
1,085 | 5.000%, 7/01/23 | No Opt. Call | A | 1,226,668 | ||
70,920 | Total Missouri | 73,511,283 | ||||
Montana – 0.6% | ||||||
30,720 | Forsyth, Rosebud County, Montana, Pollution Control Revenue Refunding Bonds, Northwestern Corporation Colstrip Project, Series 2016, 2.000%, 8/01/23 | No Opt. Call | A | 31,219,507 | ||
Lewis and Clark County School District 9 East Helena, Montana, General Obligation Bonds, Refunding Series 2018: | ||||||
1,000 | 5.000%, 7/01/27 | No Opt. Call | A+ | 1,250,020 | ||
1,055 | 5.000%, 7/01/28 | No Opt. Call | A+ | 1,342,245 | ||
1,335 | 5.000%, 7/01/29 | 7/28 at 100.00 | A+ | 1,692,713 | ||
34,110 | Total Montana | 35,504,485 | ||||
Nebraska – 1.0% | ||||||
8,000 | Central Plains Energy Project, Nebraska, Gas Project 4 Revenue Bonds, Series 2018A, 5.000%, 3/01/50 (Mandatory Put 1/01/24) | No Opt. Call | A | 8,949,360 | ||
4,590 | Douglas County Hospital Authority 2, Nebraska, Hospital Revenue Bonds, Madonna Rehabilitation Hospital Project, Series 2014, 5.000%, 5/15/21 | No Opt. Call | BBB+ | 4,821,336 | ||
1,000 | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/22 | No Opt. Call | A | 1,103,010 | ||
1,000 | Lincoln County Hospital Authority 1, Nebraska, Hospital Revenue and Refunding Bonds, Great Plains Regional Medical Center Project, Series 2012, 3.500%, 11/01/27 | 11/21 at 100.00 | A- | 1,027,000 | ||
2,000 | Nebraska Investment Finance Authority, Single Family Housing Revenue Bonds, Series 2019A, 3.150%, 9/01/34 | 3/28 at 100.00 | AA+ | 2,109,420 | ||
1,730 | Nebraska Public Power District, General Revenue Bonds, Series 2015A-2, 5.000%, 1/01/24 | 1/22 at 100.00 | A+ | 1,868,538 | ||
1,645 | Papio-Missouri River Natural Resources District, Nebraska, Flood Protection and Water Quality Enhancement Revenue Bonds, Series 2017, 5.000%, 12/15/22 | 6/22 at 100.00 | AA | 1,806,572 | ||
2,500 | Public Power Generation Agency, Nebraska, Whelan Energy Center Unit 2 Revenue Bonds, Refunding Series 2015A, 5.000%, 1/01/20 | No Opt. Call | A2 | 2,521,825 | ||
3,130 | University of Nebraska Facilities Corporation, UNMC Cancer Center Bonds, Series 2014A, 5.000%, 2/15/21 | No Opt. Call | Aa1 | 3,290,162 | ||
29,505 | Washington County, Nebraska, Wastewater and Solid Waste Disposal Facilities Revenue Bonds, Cargill Inc Project, Series 2012, 2.375%, 9/01/30 (Mandatory Put 9/01/20) (AMT) | No Opt. Call | A | 29,687,341 | ||
55,100 | Total Nebraska | 57,184,564 | ||||
Nevada – 0.4% | ||||||
Clark County, Nevada, Airport Revenue Bonds, Jet Aviation Fuel Tax, Refunding Series 2013A: | ||||||
1,000 | 5.000%, 7/01/20 (AMT) | No Opt. Call | A+ | 1,026,270 | ||
2,000 | 5.000%, 7/01/21 (AMT) | No Opt. Call | A+ | 2,122,720 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada (continued) | ||||||
$ 10,280 | Clark County, Nevada, Airport Revenue Bonds, Junior Subordinate Lien Notes Series 2018A, 5.000%, 7/01/21 | No Opt. Call | A+ | $10,936,584 | ||
3,840 | Clark County, Nevada, Pollution Control Revenue Bonds, Nevada Power Company Project, Refunding Series 2017, 1.600%, 1/01/36 (Mandatory Put 5/21/20) | No Opt. Call | A+ | 3,842,150 | ||
5,000 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/24 | 6/21 at 100.00 | AA+ | 5,306,450 | ||
22,120 | Total Nevada | 23,234,174 | ||||
New Hampshire – 0.2% | ||||||
10,055 | New Hampshire Business Finance Authority, Pollution Control Revenue Bonds, United Illuminating Company, Refunding Series 2003A, 2.800%, 10/01/33 (Mandatory Put 10/02/23) | No Opt. Call | A | 10,521,451 | ||
New Hampshire Health and Education Facilities Authority, Revenue Bonds, Elliot Hospital, Series 2016: | ||||||
600 | 5.000%, 10/01/19 | No Opt. Call | A- | 600,000 | ||
1,265 | 5.000%, 10/01/20 | No Opt. Call | A- | 1,306,100 | ||
1,185 | 5.000%, 10/01/21 | No Opt. Call | A- | 1,263,400 | ||
13,105 | Total New Hampshire | 13,690,951 | ||||
New Jersey – 4.5% | ||||||
3,890 | Casino Reinvestment Development Authority, New Jersey, Parking Revenue Bonds, Series 2005A, 5.250%, 6/01/20 – NPFG Insured | 10/19 at 100.00 | Baa2 | 3,903,576 | ||
1,950 | Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (AMT) | No Opt. Call | BBB- | 2,125,461 | ||
Gloucester Township, New Jersey, General Obligation Bonds, Series 2019: | ||||||
3,640 | 2.000%, 2/01/26 – BAM Insured | No Opt. Call | AA | 3,678,620 | ||
3,975 | 2.000%, 2/01/27 – BAM Insured | No Opt. Call | AA | 3,990,860 | ||
Millville, New Jersey, General Obligation Bonds, Improvement Series 2011: | ||||||
1,445 | 5.000%, 11/01/19 – AGM Insured | No Opt. Call | AA | 1,449,292 | ||
920 | 5.000%, 11/01/20 – AGM Insured | No Opt. Call | AA | 956,598 | ||
New Jersey Economic Development Authority, Cigarette Tax Revenue Refunding Bonds, Series 2012: | ||||||
10,990 | 5.000%, 6/15/20 | No Opt. Call | BBB+ | 11,243,539 | ||
2,825 | 5.000%, 6/15/21 | No Opt. Call | BBB+ | 2,978,595 | ||
1,425 | 5.000%, 6/15/22 | No Opt. Call | BBB+ | 1,544,344 | ||
520 | 5.000%, 6/15/22 | No Opt. Call | AA | 564,990 | ||
6,565 | 5.000%, 6/15/23 | 6/22 at 100.00 | BBB+ | 7,098,669 | ||
4,520 | 5.000%, 6/15/24 | 6/22 at 100.00 | BBB+ | 4,877,396 | ||
8,600 | 5.000%, 6/15/25 | 6/22 at 100.00 | BBB+ | 9,260,824 | ||
6,000 | 5.000%, 6/15/26 | 6/22 at 100.00 | BBB+ | 6,451,500 | ||
775 | 4.250%, 6/15/27 | 6/22 at 100.00 | BBB+ | 816,261 | ||
5,740 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 3.375%, 7/01/30 | 7/27 at 100.00 | BBB+ | 5,893,315 | ||
25,320 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2015XX, 5.000%, 6/15/21 | No Opt. Call | A- | 26,746,529 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
$ 17,000 | New Jersey Economic Development Authority, School Facilities Construction Bonds, Refunding Series 2016BBB, 5.000%, 6/15/22 | No Opt. Call | A- | $18,466,080 | ||
New Jersey Economic Development Authority, Sublease Revenue Bonds, New Jersey Transit Corporation Projects, Refunding Series 2017B: | ||||||
5,000 | 5.000%, 11/01/20 | No Opt. Call | A- | 5,178,600 | ||
5,000 | 5.000%, 11/01/21 | No Opt. Call | A- | 5,344,550 | ||
1,055 | New Jersey Educational Facilities Authority, Revenue Bonds, Montclair State University Issue, Series 2007A, 5.250%, 7/01/21 – AGC Insured | No Opt. Call | AA | 1,106,938 | ||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
575 | 4.000%, 6/15/20 | No Opt. Call | A+ | 584,798 | ||
14,500 | 3.000%, 6/15/21 | No Opt. Call | A+ | 14,854,235 | ||
2,100 | 5.000%, 6/15/21 | No Opt. Call | A+ | 2,221,611 | ||
14,880 | 3.000%, 6/15/22 | No Opt. Call | A+ | 15,420,739 | ||
1,165 | 5.000%, 6/15/22 | No Opt. Call | A+ | 1,268,697 | ||
3,525 | 5.000%, 6/15/24 | No Opt. Call | A+ | 4,039,932 | ||
5,045 | 5.000%, 6/15/28 | 6/26 at 100.00 | A+ | 5,971,161 | ||
2,715 | 5.000%, 6/15/29 | 6/26 at 100.00 | A+ | 3,203,103 | ||
New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2019BB: | ||||||
1,340 | 5.000%, 6/15/31 (WI/DD, Settling 10/03/19) | 12/28 at 100.00 | A- | 1,596,918 | ||
7,780 | 5.000%, 6/15/32 (DD1, Settling 10/03/19) | 12/28 at 100.00 | A- | 9,230,970 | ||
1,125 | Parsippany-Troy Hills Township, New Jersey, General Obligation Bonds, Refunding Series 2012, 4.000%, 7/15/20 | No Opt. Call | AA | 1,149,199 | ||
1,700 | Passaic Valley Sewer Commissioners, New Jersey, Sewer Revenue Bonds, Series 2010G, 5.750%, 12/01/22 | No Opt. Call | A2 | 1,916,614 | ||
4,215 | Salem County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue Bonds, Chambers Project, Refunding Series 2014A, 5.000%, 12/01/23 (AMT) | No Opt. Call | BBB | 4,559,661 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A: | ||||||
2,345 | 5.000%, 6/01/22 | No Opt. Call | A | 2,553,986 | ||
1,325 | 5.000%, 6/01/23 | No Opt. Call | A | 1,482,728 | ||
6,250 | 5.000%, 6/01/24 | No Opt. Call | A | 7,175,312 | ||
2,040 | 5.000%, 6/01/25 | No Opt. Call | A | 2,396,674 | ||
5,000 | 5.000%, 6/01/26 | No Opt. Call | A | 5,996,950 | ||
5,905 | 5.000%, 6/01/29 | 6/28 at 100.00 | A- | 7,278,562 | ||
2,005 | 4.000%, 6/01/37 | 6/28 at 100.00 | A- | 2,163,255 | ||
13,725 | Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018B, 3.200%, 6/01/27 | No Opt. Call | BBB+ | 14,037,793 | ||
6,795 | Toms River Board of Education, Ocean County, New Jersey, General Obligation Bonds, Refunding Regional Schools Series 2019, 2.250%, 7/15/28 | 7/26 at 100.00 | AA- | 6,877,899 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New Jersey (continued) | ||||||
Union County, New Jersey, General Obligation Bonds, Refunding Series 2017: | ||||||
$ 6,695 | 3.000%, 3/01/28 | 9/25 at 100.00 | Aaa | $7,180,722 | ||
6,105 | 3.000%, 3/01/29 | 9/25 at 100.00 | Aaa | 6,541,080 | ||
236,010 | Total New Jersey | 253,379,136 | ||||
New Mexico – 1.5% | ||||||
11,060 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan and Four Corners Projects, Refunding Series 2016A, 1.875%, 4/01/33 (Mandatory Put 10/01/21) | No Opt. Call | BBB+ | 11,094,065 | ||
26,000 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan and Four Corners Projects, Refunding Series 2016B, 1.875%, 4/01/33 (Mandatory Put 10/01/21) | No Opt. Call | BBB+ | 26,080,080 | ||
4,000 | Farmington, New Mexico, Pollution Control Revenue Bonds, Public Service Company of New Mexico San Juan Project, Refunding Series 2010B, 2.125%, 6/01/40 (Mandatory Put 6/01/22) | No Opt. Call | BBB+ | 4,036,800 | ||
7,285 | Farmington, New Mexico, Pollution Control Revenue Bonds, Southern California Edison Company - Four Corners Project, Refunding Series 2005A, 1.875%, 4/01/29 (Mandatory Put 4/01/20) | No Opt. Call | A- | 7,289,517 | ||
11,120 | Farmington, New Mexico, Pollution Control Revenue Bonds, Southern California Edison Company - Four Corners Project, Refunding Series 2005B, 1.875%, 4/01/29 (Mandatory Put 4/01/20) | No Opt. Call | A- | 11,126,894 | ||
2,440 | New Mexico Mortgage Finance Authority, Single Family Mortgage Program Bonds, Class 1 Series 2019D, 2.800%, 7/01/34 | 1/29 at 100.00 | Aaa | 2,510,248 | ||
6,315 | New Mexico Municipal Energy Acquisition Authority, Gas Supply Revenue Bonds, Refunding & Aquisition Sub-Series 2019A, 5.000%, 11/01/39 (Mandatory Put 5/01/25) | No Opt. Call | Aa2 | 7,365,753 | ||
San Juan County, New Mexico, Gross Receipts Tax Revenue Bonds, Refunding Series 2015A: | ||||||
1,305 | 5.000%, 6/15/20 | No Opt. Call | A+ | 1,338,082 | ||
1,455 | 5.000%, 6/15/21 | No Opt. Call | A+ | 1,544,322 | ||
1,510 | 5.000%, 6/15/22 | No Opt. Call | A+ | 1,648,603 | ||
1,565 | 5.000%, 6/15/23 | No Opt. Call | A+ | 1,756,775 | ||
1,625 | 5.000%, 6/15/24 | No Opt. Call | A+ | 1,875,087 | ||
1,690 | 5.000%, 6/15/25 | No Opt. Call | A+ | 2,006,892 | ||
1,760 | 5.000%, 6/15/26 | 6/25 at 100.00 | A+ | 2,088,099 | ||
79,130 | Total New Mexico | 81,761,217 | ||||
New York – 5.8% | ||||||
1,275 | Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan-Kettering Cancer Center, Series 2012-1, 5.000%, 7/01/23 | 1/22 at 100.00 | AA | 1,382,725 | ||
500 | Dormitory Authority of the State of New York, Revenue Bonds, Northwell Healthcare Inc, Series 2019B-3, 5.000%, 5/01/48 (Mandatory Put 5/01/26) | 11/25 at 100.00 | A- | 595,100 | ||
355 | Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series 2014, 5.000%, 7/01/23 | No Opt. Call | A- | 402,187 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
Dormitory Authority of the State of New York, Revenue Bonds, Orange Regional Medical Center Obligated Group, Series 2017: | ||||||
$ 1,500 | 4.000%, 12/01/19, 144A | No Opt. Call | BBB- | $1,505,085 | ||
1,000 | 4.000%, 12/01/20, 144A | No Opt. Call | BBB- | 1,023,850 | ||
1,200 | 4.000%, 12/01/21, 144A | No Opt. Call | BBB- | 1,252,944 | ||
1,000 | 5.000%, 12/01/22, 144A | No Opt. Call | BBB- | 1,094,000 | ||
2,000 | 5.000%, 12/01/23, 144A | No Opt. Call | BBB- | 2,244,080 | ||
Dormitory Authority of the State of New York, Revenue Bonds, Rochester Institute of Technology, Series 2020A Forward Delivery: | ||||||
1,780 | 5.000%, 7/01/22 (WI/DD, Settling 4/03/20) | No Opt. Call | A1 | 1,916,134 | ||
1,000 | 5.000%, 7/01/24 (WI/DD, Settling 4/03/20) | No Opt. Call | A1 | 1,138,940 | ||
1,000 | 5.000%, 7/01/25 (WI/DD, Settling 4/03/20) | No Opt. Call | A1 | 1,168,620 | ||
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General Purpose Series 2012A: | ||||||
5 | 5.000%, 12/15/21 (ETM) | No Opt. Call | N/R (5) | 5,427 | ||
12,280 | 5.000%, 12/15/21 | No Opt. Call | AA+ | 13,277,750 | ||
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2000A: | ||||||
515 | 0.000%, 6/01/21 – AGM Insured | No Opt. Call | AA | 502,393 | ||
640 | 0.000%, 6/01/22 – AGM Insured | No Opt. Call | AA | 613,408 | ||
1,315 | 0.000%, 6/01/23 – AGM Insured | No Opt. Call | AA | 1,235,521 | ||
1,000 | Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012B, 5.000%, 9/01/21 | No Opt. Call | A | 1,071,480 | ||
5,000 | Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Climate Bond Certified, Refunding Green Series 2016B-2, 5.000%, 11/15/32 | 11/26 at 100.00 | AA | 6,130,750 | ||
25,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2018B-1, Subseries A-J, 5.000%, 5/15/20 | No Opt. Call | N/R | 25,546,500 | ||
10,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2018B-2, Subseries A-E, 5.000%, 5/15/21 | No Opt. Call | N/R | 10,557,700 | ||
10,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019A, 4.000%, 2/03/20 | No Opt. Call | N/R | 10,087,400 | ||
15,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019B-1, 5.000%, 5/15/22 | No Opt. Call | N/R | 16,311,150 | ||
14,000 | Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Bond Anticipation Note Series 2019D-1, 5.000%, 9/01/22 | No Opt. Call | N/R | 15,337,000 | ||
Nassau County Local Economic Assistance Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014B: | ||||||
2,010 | 5.000%, 7/01/23 | No Opt. Call | A- | 2,253,672 | ||
1,030 | 5.000%, 7/01/24 | No Opt. Call | A- | 1,185,355 | ||
650 | 5.000%, 7/01/25 | 7/24 at 100.00 | A- | 748,319 | ||
1,000 | 5.000%, 7/01/26 | 7/24 at 100.00 | A- | 1,149,360 | ||
1,500 | 5.000%, 7/01/27 | 7/24 at 100.00 | A- | 1,716,630 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2018C-2A: | ||||||
$ 3,500 | 2.200%, 11/01/21 | 11/20 at 100.00 | AA+ | $3,526,985 | ||
34,500 | 2.350%, 7/01/22 | 3/21 at 100.00 | AA+ | 34,918,140 | ||
13,000 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2018L-2, 2.750%, 5/01/50 (Mandatory Put 12/29/23) | 12/22 at 100.00 | AA+ | 13,489,840 | ||
3,730 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2019A-3A, 3.450%, 11/01/34 | 2/27 at 100.00 | AA+ | 3,983,006 | ||
5,510 | New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds, Sustainable Neighborhood Series 2019G-1B, 2.550%, 11/01/34 | 5/27 at 100.00 | AA+ | 5,519,863 | ||
13,495 | New York City, New York, General Obligation Bonds, Fiscal 2008 Series J-4, 5.000%, 8/01/24 | No Opt. Call | Aa1 | 15,845,154 | ||
14,290 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New York State Electric and Gas Corporation, Series 2005A, 2.375%, 7/01/26 (Mandatory Put 5/01/20) (AMT) | No Opt. Call | A- | 14,345,302 | ||
5,000 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 2004A, 2.875%, 5/15/32 (Mandatory Put 7/01/25) | No Opt. Call | A1 | 5,367,700 | ||
50,000 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 2004B, 3.000%, 5/15/32 (Mandatory Put 7/01/25) (AMT) | No Opt. Call | A1 | 53,168,000 | ||
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Climate Bond Certified/Green Bond Series 2018I: | ||||||
5,000 | 2.550%, 11/01/22 | 9/20 at 100.00 | Aa2 | 5,049,200 | ||
5,250 | 2.650%, 5/01/23 | 4/21 at 100.00 | Aa2 | 5,332,163 | ||
3,000 | 2.700%, 11/01/23 | 8/22 at 100.00 | Aa2 | 3,097,380 | ||
9,100 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Refunding Series 2019C, 3.500%, 11/01/34 | 5/28 at 100.00 | Aa2 | 9,737,910 | ||
5,000 | New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2018J, 2.500%, 5/01/22 | 6/20 at 100.00 | Aa2 | 5,034,200 | ||
New York State Housing Finance Agency, Affordable Housing Revenue Bonds, Series 2019E: | ||||||
4,000 | 1.950%, 5/01/22 | 11/20 at 100.00 | Aa2 | 4,022,680 | ||
2,250 | 2.100%, 5/01/23 | 9/20 at 100.00 | Aa2 | 2,262,848 | ||
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health Services of Long Island Obligated Group Project, Series 2014: | ||||||
500 | 5.000%, 7/01/25 | 7/24 at 100.00 | A- | 575,385 | ||
500 | 5.000%, 7/01/27 | 7/24 at 100.00 | A- | 572,455 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series A: | ||||||
$ 1,285 | 5.000%, 6/01/20 | No Opt. Call | A | $1,315,519 | ||
3,000 | 5.000%, 6/01/21 | No Opt. Call | A | 3,174,660 | ||
2,500 | 5.000%, 6/01/22 | No Opt. Call | A | 2,728,300 | ||
3,335 | 5.000%, 6/01/23 | No Opt. Call | A | 3,744,271 | ||
1,900 | 5.000%, 6/01/26 | No Opt. Call | A | 2,275,858 | ||
Yonkers, New York, General Obligation Bonds, Refunding Series 2012C: | ||||||
2,440 | 3.000%, 8/15/22 | No Opt. Call | A | 2,532,598 | ||
2,510 | 3.000%, 8/15/23 | No Opt. Call | A | 2,624,807 | ||
308,150 | Total New York | 325,697,704 | ||||
North Carolina – 0.4% | ||||||
1,000 | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, 1998 Trust Agreement, Series 2019-42, 2.450%, 7/01/34 | 7/28 at 100.00 | AA+ | 996,300 | ||
North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2015A: | ||||||
3,005 | 5.000%, 1/01/26 | No Opt. Call | A | 3,645,907 | ||
2,800 | 5.000%, 1/01/27 | 1/26 at 100.00 | A | 3,393,936 | ||
13,655 | Wake County, North Carolina, General Obligation Bonds, Refunding Series 2016A, 5.000%, 3/01/23 | No Opt. Call | AAA | 15,367,883 | ||
235 | Wilmington, North Carolina, Limited Obligation Bonds, Refunding Series 2014A, 5.000%, 6/01/20 | No Opt. Call | AA+ | 240,821 | ||
20,695 | Total North Carolina | 23,644,847 | ||||
North Dakota – 0.6% | ||||||
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center Project, Series 2014A: | ||||||
1,115 | 5.000%, 7/01/21 (ETM) | No Opt. Call | N/R (5) | 1,184,621 | ||
100 | 5.000%, 7/01/22 (Pre-refunded 7/01/21) | 7/21 at 100.00 | N/R (5) | 106,244 | ||
1,000 | Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2012, 4.500%, 12/01/32 | 12/21 at 100.00 | A- | 1,045,410 | ||
Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2017A: | ||||||
790 | 5.000%, 12/01/22 | No Opt. Call | A- | 867,325 | ||
910 | 5.000%, 12/01/23 | No Opt. Call | A- | 1,025,333 | ||
1,740 | 5.000%, 12/01/25 | No Opt. Call | A- | 2,051,408 | ||
2,350 | 5.000%, 12/01/26 | No Opt. Call | A- | 2,828,154 | ||
North Dakota Housing Finance Agency, Home Mortgage Finance Program Bonds, Series 2019C: | ||||||
3,640 | 2.800%, 7/01/32 | 7/28 at 100.00 | Aa1 | 3,722,701 | ||
1,300 | 3.000%, 7/01/34 | 7/28 at 100.00 | Aa1 | 1,339,403 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
North Dakota (continued) | ||||||
Williston, North Dakota, County-Wide Public Safety Sales Tax Revenue Bonds, Series 2015A: | ||||||
$ 2,105 | 4.000%, 7/15/20 | No Opt. Call | BBB+ | $2,134,975 | ||
2,185 | 4.000%, 7/15/21 | No Opt. Call | BBB+ | 2,250,747 | ||
2,275 | 4.000%, 7/15/22 | No Opt. Call | BBB+ | 2,377,489 | ||
2,365 | 5.000%, 7/15/23 | 7/22 at 100.00 | BBB+ | 2,551,598 | ||
2,485 | 5.000%, 7/15/24 | 7/22 at 100.00 | BBB+ | 2,680,346 | ||
5,485 | 5.000%, 7/15/25 | 7/22 at 100.00 | BBB+ | 5,914,640 | ||
Williston, North Dakota, General Obligation Bonds, Refunding Improvement Series 2014: | ||||||
800 | 4.000%, 5/01/20 | No Opt. Call | A+ | 811,320 | ||
800 | 4.000%, 5/01/21 | No Opt. Call | A+ | 829,584 | ||
31,445 | Total North Dakota | 33,721,298 | ||||
Ohio – 6.0% | ||||||
Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Revenue Bonds, Children's Hospital Medical Center, Improvement & Refunding Series 2012: | ||||||
2,000 | 5.000%, 11/15/21 | No Opt. Call | AA- | 2,145,980 | ||
2,655 | 5.000%, 11/15/22 | 5/22 at 100.00 | AA- | 2,889,224 | ||
6,000 | Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017A, 5.000%, 8/01/21 | No Opt. Call | AA- | 6,379,920 | ||
20,000 | Allen County, Ohio, Hospital Facilities Revenue Bonds, Mercy Health, Series 2017B, 5.000%, 8/01/47 (Mandatory Put 5/05/22) | No Opt. Call | AA- | 21,788,800 | ||
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue Bonds, Senior Lien, Series 2007A-2: | ||||||
65,555 | 5.125%, 6/01/24 | 10/19 at 100.00 | B- | 65,555,656 | ||
8,880 | 5.375%, 6/01/24 | 10/19 at 100.00 | B- | 8,880,710 | ||
5,630 | 5.875%, 6/01/30 | 10/19 at 100.00 | B- | 5,643,456 | ||
8,895 | 5.750%, 6/01/34 | 10/19 at 100.00 | B- | 8,908,165 | ||
Chillicothe, Ohio, Hospital Facilities Revenue Bonds, Adena Health System Obligated Group Project, Refunding & Improvement Series 2017: | ||||||
1,000 | 5.000%, 12/01/21 | No Opt. Call | A- | 1,076,050 | ||
1,000 | 5.000%, 12/01/22 | No Opt. Call | A- | 1,107,970 | ||
1,225 | 5.000%, 12/01/24 | No Opt. Call | A- | 1,430,959 | ||
1,000 | 5.000%, 12/01/25 | No Opt. Call | A- | 1,193,730 | ||
Cleveland, Ohio, Airport System Revenue Bonds, Refunding Series 2016A: | ||||||
725 | 5.000%, 1/01/20 – AGM Insured | No Opt. Call | AA | 731,438 | ||
950 | 5.000%, 1/01/21 – AGM Insured | No Opt. Call | AA | 992,598 | ||
Cleveland, Ohio, General Obligation Bonds, Series 2011: | ||||||
1,470 | 5.000%, 12/01/19 | No Opt. Call | AA+ | 1,478,894 | ||
1,540 | 5.000%, 12/01/20 | 12/19 at 100.00 | AA+ | 1,549,317 | ||
1,620 | 5.000%, 12/01/21 (Pre-refunded 12/01/19) | 12/19 at 100.00 | AA+ (5) | 1,629,963 | ||
5,255 | Columbus, Ohio, General Obligation Bonds, Various Purpose Series 2018A, 5.000%, 4/01/30 | 10/28 at 100.00 | AAA | 6,794,505 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 5,515 | Cuyahoga County, Ohio, Certificates of Participation, Convention Hotel Project, Series 2014, 5.000%, 12/01/20 | No Opt. Call | AA- | $5,734,166 | ||
1,000 | Fairfield County, Ohio, Hospital Facilities Revenue Bonds, Fairfield Medical Center Project, Series 2013, 5.000%, 6/15/21 | No Opt. Call | Ba2 | 1,046,270 | ||
1,000 | Franklin County Convention Facilities Authority, Ohio, Excise Tax and Lease Revenue Bonds, Columbus City & Franklin County Lessees, Refunding Anticipation Series 2014, 5.000%, 12/01/23 | No Opt. Call | Aa1 | 1,140,980 | ||
4,000 | Franklin County, Ohio, Revenue Bonds, CHE Trinity Health Credit Group, Series 2013, 1.250%, 12/01/46 (Mandatory Put 2/03/20) | No Opt. Call | AA- | 3,999,440 | ||
Hamilton County, Ohio, Hospital Facilities Revenue Bonds, Cincinnati Children's Hospital Medical Center, Refunding Series 2014S: | ||||||
1,170 | 5.000%, 5/15/21 | No Opt. Call | AA | 1,240,691 | ||
340 | 5.000%, 5/15/22 | No Opt. Call | AA | 372,110 | ||
1,040 | 5.000%, 5/15/23 | No Opt. Call | AA | 1,173,702 | ||
1,600 | Hamilton County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Series 2014, 5.000%, 2/01/20 | No Opt. Call | A | 1,618,832 | ||
JobsOhio Beverage System, Ohio, Statewide Liquor Profits Revenue Bonds, Senior Lien Series 2013A: | ||||||
2,600 | 5.000%, 1/01/20 | No Opt. Call | AA | 2,623,140 | ||
1,700 | 5.000%, 1/01/23 | No Opt. Call | AA | 1,895,092 | ||
1,485 | Marysville, Union County, Ohio, General Obligation Bonds, Refunding Series 2007, 5.000%, 12/01/20 – AMBAC Insured | No Opt. Call | Aa3 | 1,518,457 | ||
10,000 | Montgomery County, Ohio, Revenue Bonds, Miami Valley Hospital, Series 2011A, 5.750%, 11/15/21 | 11/20 at 100.00 | A | 10,420,000 | ||
Muskingum County, Ohio, Hospital Facilities Revenue Bonds, Genesis HealthCare System Obligated Group Project, Series 2013: | ||||||
270 | 5.000%, 2/15/20 | No Opt. Call | BB+ | 272,727 | ||
2,000 | 5.000%, 2/15/21 | No Opt. Call | BB+ | 2,074,500 | ||
5,120 | Ohio Air Quality Development Authority, Ohio, Air Quality Development Revenue Bonds, FirstEnergy Generation Corporation Project, Series 2009A, 5.700%, 8/01/20 (7) | No Opt. Call | N/R | 4,236,800 | ||
4,385 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009B, 3.100%, 3/01/23 (7) | No Opt. Call | N/R | 3,628,587 | ||
3,820 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Corporation Project, Refunding Series 2009C, 5.625%, 6/01/18 (7) | No Opt. Call | N/R | 4,087,400 | ||
35,230 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (7) | No Opt. Call | N/R | 29,152,825 | ||
1,015 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Corporation Project, Refunding Series 2010A, 3.125%, 7/01/33 (7) | No Opt. Call | N/R | 839,913 | ||
35 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2006B, 3.125%, 1/01/34 (7) | No Opt. Call | N/R | 28,963 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 2,525 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Nuclear Generation Project, Refunding Series 2008B, 3.625%, 10/01/33 (Mandatory Put 4/01/20) (7) | No Opt. Call | N/R | $2,089,438 | ||
5,860 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Company Project, Refunding Series 2007A, 2.500%, 8/01/40 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 5,905,239 | ||
5,090 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Company Project, Refunding Series 2007B, 2.500%, 11/01/42 (Mandatory Put 10/01/29) (AMT) | No Opt. Call | BBB+ | 5,129,600 | ||
1,665 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Company Project, Refunding Series 2014A, 2.400%, 12/01/38 (Mandatory Put 10/01/29) | 10/24 at 100.00 | BBB+ | 1,676,588 | ||
5,860 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, American Electric Company Project, Refunding Series 2014B, 2.600%, 6/01/41 (Mandatory Put 10/01/29) (AMT) | 10/24 at 100.00 | BBB+ | 5,887,835 | ||
1,040 | Ohio Air Quality Development Authority, Ohio, Revenue Bonds, Pratt Paper Ohio, LLC Project, Series 2017, 3.750%, 1/15/28, 144A (AMT) | No Opt. Call | N/R | 1,128,608 | ||
3,250 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2019A, 3.500%, 9/01/34 | 3/28 at 100.00 | Aaa | 3,485,722 | ||
5,000 | Ohio Housing Finance Agency, Residential Mortgage Revenue Bonds, Mortgage-Backed Securities Program, Series 2019B, 2.800%, 9/01/34 | 9/28 at 100.00 | Aaa | 5,120,350 | ||
6,460 | Ohio State, General Obligation Bonds, Refunding Common Schools Series 2011A, 5.000%, 9/15/21 | No Opt. Call | AA+ | 6,927,123 | ||
12,625 | Ohio State, General Obligation Bonds, Refunding Common Schools Series 2011C, 5.000%, 9/15/20 | No Opt. Call | AA+ | 13,070,662 | ||
17,500 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018C, 5.000%, 1/15/42 (Mandatory Put 9/15/21) | No Opt. Call | A | 18,660,250 | ||
26,000 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018D, 5.000%, 1/15/39 (Mandatory Put 9/15/23) | No Opt. Call | A | 29,338,400 | ||
5,380 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2005B, 4.000%, 1/01/34 (Mandatory Put 7/01/21) (7) | No Opt. Call | N/R | 4,451,950 | ||
3,315 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006A, 3.000%, 5/15/19 (7) | No Opt. Call | N/R | 2,743,162 | ||
2,245 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2006B, 4.000%, 12/01/33 (7) | No Opt. Call | N/R | 1,857,738 | ||
1,175 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2008B, 3.625%, 10/01/33 (Mandatory Put 4/01/20) (7) | No Opt. Call | N/R | 972,313 | ||
7,135 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010A, 3.750%, 7/01/33 (Mandatory Put 7/01/20) (7) | No Opt. Call | N/R | 5,904,212 | ||
120 | Ohio Water Development Authority, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generating Corporation Project, Series 2010C, 4.000%, 6/01/33 (7) | No Opt. Call | N/R | 99,300 | ||
5,240 | Ohio Water Development Authority, Revenue Bonds, Drinking Water Assistance Fund, Series 2019, 5.000%, 12/01/29 | 9/29 at 100.00 | AAA | 6,909,516 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Ohio (continued) | ||||||
$ 1,000 | Western Reserve Port Authority, Ohio, Solid Waste Facility Revenue Bonds, Central Waste Inc, Series 2007A, 6.100%, 7/01/17 (AMT) (7) | No Opt. Call | N/R | $ 10 | ||
337,210 | Total Ohio | 338,639,946 | ||||
Oklahoma – 2.8% | ||||||
4,185 | Canadian County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Mustang Public Schools Project, Series 2012, 4.500%, 9/01/20 | No Opt. Call | AA- | 4,307,411 | ||
3,795 | Canadian County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Mustang Public Schools Project, Series 2017, 4.000%, 9/01/24 | No Opt. Call | AA- | 4,238,560 | ||
6,505 | Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Moore Public Schools Project, Series 2016, 5.000%, 6/01/23 | No Opt. Call | A+ | 7,323,784 | ||
Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Noble Public Schools Project, Series 2017: | ||||||
1,315 | 4.000%, 9/01/20 | No Opt. Call | A | 1,346,047 | ||
1,250 | 5.000%, 9/01/29 | 9/27 at 100.00 | A | 1,516,062 | ||
Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Norman Public Schools Project, Series 2019: | ||||||
1,200 | 5.000%, 6/01/20 | No Opt. Call | A+ | 1,228,668 | ||
2,090 | 5.000%, 6/01/21 | No Opt. Call | A+ | 2,215,066 | ||
2,850 | 5.000%, 6/01/22 | No Opt. Call | A+ | 3,117,330 | ||
3,935 | 5.000%, 6/01/24 | No Opt. Call | A+ | 4,547,365 | ||
3,200 | 5.000%, 6/01/25 | No Opt. Call | A+ | 3,792,416 | ||
1,000 | Comanche County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Elgin Public Schools Project, Series 2017A, 5.000%, 12/01/24 | No Opt. Call | A | 1,162,200 | ||
2,150 | Creek County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Sapulpa Public Schools Project, Series 2015, 5.000%, 9/01/20 | No Opt. Call | A+ | 2,220,606 | ||
1,955 | Garfield County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Enid Public Schools Project, Series 2016A, 5.000%, 9/01/26 | No Opt. Call | A | 2,387,857 | ||
Garvin County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Wynnewood Public Schools Project, Series 2018: | ||||||
385 | 5.000%, 9/01/24 | No Opt. Call | A- | 440,305 | ||
310 | 5.000%, 9/01/25 | No Opt. Call | A- | 361,931 | ||
200 | 5.000%, 9/01/26 | No Opt. Call | A- | 238,080 | ||
450 | 5.000%, 9/01/27 | No Opt. Call | A- | 545,468 | ||
500 | 5.000%, 9/01/29 | 9/28 at 100.00 | A- | 614,570 | ||
350 | 5.000%, 9/01/30 | 9/28 at 100.00 | A- | 428,215 | ||
1,100 | 5.000%, 9/01/31 | 9/28 at 100.00 | A- | 1,340,020 | ||
300 | 5.000%, 9/01/32 | 9/28 at 100.00 | A- | 364,236 | ||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Minco Public Schools Project, Series 2018: | ||||||
1,305 | 5.000%, 9/01/31 | 9/28 at 100.00 | A- | 1,598,012 | ||
1,000 | 5.000%, 9/01/32 | 9/28 at 100.00 | A- | 1,220,420 | ||
1,195 | 5.000%, 9/01/33 | 9/28 at 100.00 | A- | 1,455,211 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Grady County School Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Tuttle Public Schools Project, Series 2019: | ||||||
$ 615 | 4.000%, 9/01/25 | No Opt. Call | A+ | $698,948 | ||
660 | 4.000%, 9/01/27 | No Opt. Call | A+ | 772,022 | ||
650 | 4.000%, 9/01/29 | No Opt. Call | A+ | 773,455 | ||
Kay County Public Buildings Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Ponca City Public Schools Project, Series 2016: | ||||||
5,015 | 5.000%, 9/01/20 | No Opt. Call | A- | 5,177,386 | ||
4,395 | 5.000%, 9/01/21 | No Opt. Call | A- | 4,675,489 | ||
Okarche Economic Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Okarche Public Schools Project, Series 2016: | ||||||
1,035 | 5.000%, 9/01/21 | No Opt. Call | A- | 1,101,054 | ||
1,000 | 5.000%, 9/01/27 | 9/26 at 100.00 | A- | 1,198,610 | ||
1,030 | 5.000%, 9/01/28 | 9/26 at 100.00 | A- | 1,234,465 | ||
Oklahoma County Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Midwest City-Del City Public Schools Project, Series 2018: | ||||||
1,500 | 5.000%, 10/01/21 | No Opt. Call | A+ | 1,607,535 | ||
425 | 5.000%, 10/01/22 | No Opt. Call | A+ | 469,880 | ||
Oklahoma County Finance Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Western Heights Public Schools Project, Series 2018A: | ||||||
1,275 | 5.000%, 9/01/23 | No Opt. Call | A+ | 1,449,114 | ||
3,000 | 5.000%, 9/01/24 | No Opt. Call | A+ | 3,501,450 | ||
Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B: | ||||||
575 | 5.000%, 8/15/22 | No Opt. Call | Baa3 | 624,197 | ||
2,295 | 5.000%, 8/15/24 | No Opt. Call | Baa3 | 2,619,559 | ||
1,850 | 5.000%, 8/15/25 | No Opt. Call | Baa3 | 2,161,114 | ||
1,000 | 5.000%, 8/15/26 | No Opt. Call | Baa3 | 1,193,560 | ||
3,650 | 5.000%, 8/15/27 | No Opt. Call | Baa3 | 4,438,655 | ||
1,000 | 5.000%, 8/15/28 | No Opt. Call | Baa3 | 1,238,220 | ||
1,970 | Oklahoma Development Finance Authority, Solid Waste Disposal Revenue Bonds, Series 2004A, 2.375%, 12/01/21 | No Opt. Call | A- | 2,003,254 | ||
Pontotoc County Educational Facilities Authority, Oklahoma, Facilities Lease Revenue Bonds, Ada Public Schools Project, Series 2014: | ||||||
685 | 5.000%, 9/01/20 | No Opt. Call | A- | 705,906 | ||
745 | 5.000%, 9/01/21 | No Opt. Call | A- | 792,546 | ||
Rogers County Educational Facilities Authority, Oklahoma, Lease Revenue Bonds, Verdigris Public Schools Project, Series 2018: | ||||||
1,675 | 3.000%, 9/01/20 | No Opt. Call | A+ | 1,698,634 | ||
1,780 | 3.000%, 9/01/22 | No Opt. Call | A+ | 1,854,778 | ||
5,245 | 4.000%, 9/01/24 | No Opt. Call | A+ | 5,837,003 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Rogers County Industrial Development Authority, Oklahoma, Capital Improvement Revenue Bonds, Refunding Series 2017: | ||||||
$ 765 | 3.000%, 4/01/21 | No Opt. Call | N/R | $779,642 | ||
800 | 3.000%, 4/01/22 | No Opt. Call | N/R | 825,336 | ||
825 | 3.000%, 4/01/23 | No Opt. Call | N/R | 861,069 | ||
850 | 3.000%, 4/01/24 | No Opt. Call | N/R | 893,197 | ||
725 | 4.000%, 4/01/25 | No Opt. Call | N/R | 802,967 | ||
770 | 4.000%, 4/01/26 | 4/25 at 100.00 | N/R | 850,426 | ||
715 | 4.000%, 4/01/27 | 4/25 at 100.00 | N/R | 787,172 | ||
Stillwater Utilities Authority, Oklahoma, Utility System and Sales Tax Revenue Bonds, Series 2014A: | ||||||
175 | 4.000%, 10/01/19 | No Opt. Call | AA- | 175,000 | ||
645 | 5.000%, 10/01/21 | No Opt. Call | AA- | 692,562 | ||
Texas County Development Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Guymon Public Schools Project, Series 2018: | ||||||
1,370 | 5.000%, 12/01/19 | No Opt. Call | A | 1,377,713 | ||
1,000 | 4.000%, 12/01/21 | No Opt. Call | A | 1,051,960 | ||
850 | 4.000%, 12/01/23 | No Opt. Call | A | 929,526 | ||
1,100 | 5.000%, 12/01/25 | No Opt. Call | A | 1,308,846 | ||
1,610 | Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2012, 4.000%, 9/01/22 | No Opt. Call | AA- | 1,730,991 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2016: | ||||||
1,065 | 5.000%, 9/01/22 | No Opt. Call | AA- | 1,176,974 | ||
6,340 | 5.000%, 9/01/23 | No Opt. Call | AA- | 7,218,724 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Broken Arrow Public Schools Project, Series 2019A: | ||||||
6,765 | 5.000%, 9/01/27 | No Opt. Call | AA- | 8,463,353 | ||
10,000 | 5.000%, 9/01/28 | No Opt. Call | AA- | 12,775,700 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Glenpool Public Schools Project, Series 2017A: | ||||||
570 | 5.000%, 9/01/22 | No Opt. Call | A+ | 626,487 | ||
765 | 5.000%, 9/01/23 | No Opt. Call | A+ | 864,159 | ||
600 | 5.000%, 9/01/24 | No Opt. Call | A+ | 695,964 | ||
1,280 | 5.000%, 9/01/25 | No Opt. Call | A+ | 1,521,946 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Jenks Public Schools Project, Series 2015: | ||||||
2,100 | 5.000%, 9/01/21 | No Opt. Call | AA- | 2,247,210 | ||
2,000 | 5.000%, 9/01/22 | No Opt. Call | AA- | 2,210,280 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma (continued) | ||||||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Owasso Public Schools Project, Series 2018: | ||||||
$ 1,650 | 5.000%, 9/01/21 | No Opt. Call | A+ | $1,763,388 | ||
1,500 | 5.000%, 9/01/22 | No Opt. Call | A+ | 1,648,650 | ||
1,000 | 5.000%, 9/01/23 | No Opt. Call | A+ | 1,129,620 | ||
Tulsa County Industrial Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Sand Springs Public Schools Project, Series 2019: | ||||||
325 | 5.000%, 9/01/21 | No Opt. Call | A | 347,207 | ||
675 | 5.000%, 9/01/25 | No Opt. Call | A | 800,496 | ||
500 | 4.000%, 9/01/26 | No Opt. Call | A | 573,875 | ||
625 | 5.000%, 9/01/26 | No Opt. Call | A | 757,913 | ||
975 | 5.000%, 9/01/27 | No Opt. Call | A | 1,205,080 | ||
Weatherford Industrial Trust Educational, Oklahoma, Facilities Lease Revenue Bonds, Weatherford Public Schools Project, Series 2019: | ||||||
1,200 | 5.000%, 3/01/23 | No Opt. Call | A- | 1,328,856 | ||
1,200 | 5.000%, 3/01/25 | No Opt. Call | A- | 1,396,692 | ||
1,625 | 5.000%, 3/01/27 | No Opt. Call | A- | 1,972,409 | ||
140,555 | Total Oklahoma | 159,628,064 | ||||
Oregon – 1.1% | ||||||
Benton and Linn Counties District School District 509J Corvallis, Oregon, General Obligation Bonds, Series 2018A: | ||||||
1,800 | 0.000%, 6/15/21 | No Opt. Call | AA+ | 1,850,904 | ||
1,745 | 0.000%, 6/15/22 | No Opt. Call | AA+ | 1,855,092 | ||
1,785 | 0.000%, 6/15/23 | No Opt. Call | AA+ | 1,958,752 | ||
2,315 | 0.000%, 6/15/24 | No Opt. Call | AA+ | 2,613,496 | ||
1,305 | 0.000%, 6/15/25 | No Opt. Call | AA+ | 1,512,143 | ||
1,085 | 0.000%, 6/15/26 | No Opt. Call | AA+ | 1,290,879 | ||
1,000 | 0.000%, 6/15/27 | No Opt. Call | AA+ | 1,218,160 | ||
Clackamas and Washington Counties School District 3JT, Oregon, General Obligation Bonds, Refunding Series 2015: | ||||||
11,045 | 5.000%, 6/15/25 | No Opt. Call | AA+ | 13,303,481 | ||
5,000 | 5.000%, 6/15/26 | 6/25 at 100.00 | AA+ | 6,016,800 | ||
Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2017B: | ||||||
2,330 | 5.000%, 6/15/27 | No Opt. Call | AA+ | 2,940,646 | ||
2,000 | 5.000%, 6/15/28 | 6/27 at 100.00 | AA+ | 2,516,700 | ||
Clackamas County School District 12, North Clackamas, Oregon, General Obligation Bonds, Series 2018: | ||||||
1,400 | 4.000%, 6/15/23 | No Opt. Call | Aa1 | 1,539,972 | ||
1,000 | 5.000%, 6/15/25 | No Opt. Call | Aa1 | 1,202,650 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oregon (continued) | ||||||
$ 7,500 | Oregon Business Development Commission, Economic Development Revenue Bonds, Intel Corporation Project, 250 Series 2019, 5.000%, 3/01/49 (Mandatory Put 3/01/22) (AMT) | No Opt. Call | A+ | $8,107,125 | ||
11,400 | Oregon State Business Development Commission, Recovery Zone Facility Revenue Bonds, Intel Corporation Project, 232 Series 2010, 2.400%, 12/01/40 (Mandatory Put 8/14/23) | No Opt. Call | A+ | 11,761,608 | ||
52,710 | Total Oregon | 59,688,408 | ||||
Pennsylvania – 6.0% | ||||||
Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A: | ||||||
1,170 | 5.000%, 4/01/22 | No Opt. Call | A | 1,266,724 | ||
1,405 | 5.000%, 4/01/23 | No Opt. Call | A | 1,565,999 | ||
2,415 | 5.000%, 4/01/24 | No Opt. Call | A | 2,763,388 | ||
2,520 | 5.000%, 4/01/25 | No Opt. Call | A | 2,959,186 | ||
2,000 | 5.000%, 4/01/26 | No Opt. Call | A | 2,406,400 | ||
4,245 | 5.000%, 4/01/27 | No Opt. Call | A | 5,220,756 | ||
1,000 | Allentown Neighborhood Improvement Zone Development Authority, Pennsylvania, Tax Revenue Bonds, City Center Project, Series 2018, 5.000%, 5/01/23, 144A | No Opt. Call | Ba3 | 1,087,960 | ||
Allentown School District, Lehigh County, Pennsylvania, General Obligation Bonds, Refunding Series 2016: | ||||||
1,750 | 4.000%, 2/15/20 – AGM Insured | No Opt. Call | AA | 1,766,345 | ||
1,650 | 4.000%, 2/15/21 – AGM Insured | No Opt. Call | AA | 1,705,226 | ||
5,055 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2006B, 3.500%, 12/01/35 (Mandatory Put 6/01/20) (7) | No Opt. Call | N/R | 4,183,012 | ||
4,865 | Beaver County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Refunding Bonds, FirstEnergy Nuclear Generation Project, Series 2008A, 2.700%, 4/01/35 (7) | No Opt. Call | N/R | 4,025,787 | ||
Berks County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Tower Health Project, Series 2017: | ||||||
2,370 | 5.000%, 11/01/25 | No Opt. Call | A | 2,831,084 | ||
3,950 | 5.000%, 11/01/27 | No Opt. Call | A | 4,918,421 | ||
1,000 | Capital Region Water, Pennsylvania, Water Revenue Bonds, Series 2018, 5.000%, 7/15/25 | No Opt. Call | A+ | 1,188,850 | ||
Commonwealth Financing Authority, Pennsylvania, Revenue Bonds, Refunding Forward Delivery Series 2020A: | ||||||
1,500 | 5.000%, 6/01/24 (WI/DD, Settling 3/03/20) | No Opt. Call | A1 | 1,696,605 | ||
2,820 | 5.000%, 6/01/25 (WI/DD, Settling 3/03/20) | No Opt. Call | A1 | 3,269,508 | ||
3,000 | 5.000%, 6/01/26 (WI/DD, Settling 3/03/20) | No Opt. Call | A1 | 3,560,910 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018: | ||||||
$ 2,000 | 5.000%, 6/01/21 | No Opt. Call | A1 | $2,111,340 | ||
2,000 | 5.000%, 6/01/22 | No Opt. Call | A1 | 2,176,080 | ||
2,515 | 5.000%, 6/01/23 | No Opt. Call | A1 | 2,814,360 | ||
3,175 | 5.000%, 6/01/24 | No Opt. Call | A1 | 3,647,472 | ||
Delaware River Port Authority, New Jersey and Pennsylvania, Revenue Bonds, Refunding Series 2018B: | ||||||
8,505 | 5.000%, 1/01/23 | No Opt. Call | A+ | 9,509,781 | ||
6,665 | 5.000%, 1/01/24 | No Opt. Call | A+ | 7,685,012 | ||
13,475 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016A, 1.800%, 9/01/29 (Mandatory Put 9/01/22) | No Opt. Call | A1 | 13,512,999 | ||
9,025 | Lehigh County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Pennsylvania Power and Light Company, Series 2016B, 1.800%, 2/15/27 (Mandatory Put 8/15/22) | No Opt. Call | A1 | 9,093,048 | ||
Lower Merion School District, Montgomery County, Pennsylvania, General Obligation Bonds, Series 2019: | ||||||
2,660 | 4.000%, 11/15/29 | 11/27 at 100.00 | Aaa | 3,170,507 | ||
4,480 | 4.000%, 11/15/30 | 11/27 at 100.00 | Aaa | 5,308,710 | ||
375 | Luzerne County Industrial Development Authority, Pennsylvania, Guaranteed Lease Revenue Bonds, Series 2009, 7.500%, 12/15/19 (ETM) | No Opt. Call | N/R (5) | 379,579 | ||
1,400 | Monroe County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Pocono Medical Center, Series 2016, 5.000%, 7/01/20 | No Opt. Call | A+ | 1,434,762 | ||
3,450 | Montgomery County Higher Education and Health Authority, Pennsylvania, Hospital Revenue Bonds, Abington Memorial Hospital Obligated Group, Series 2012A, 5.000%, 6/01/23 (Pre-refunded 6/01/22) | 6/22 at 100.00 | N/R (5) | 3,781,200 | ||
1,235 | Montgomery County Industrial Development Authority, Pennsylvania, Health System Revenue Bonds, Albert Einstein Healthcare Network Issue, Series 2015A, 5.000%, 1/15/20 | No Opt. Call | Ba1 | 1,244,719 | ||
5,000 | Montgomery County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, Exelon Generation Company, LLC Project, Refunding Series 2001B, 2.500%, 10/01/30 (Mandatory Put 4/01/20) | No Opt. Call | BBB+ | 5,029,950 | ||
6,250 | Montgomery County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, PECO Energy Company Project, Refunding Series 1994A, 2.550%, 6/01/29 (Mandatory Put 6/01/20) | No Opt. Call | BBB+ | 6,296,875 | ||
5,000 | Montgomery County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, PECO Energy Company Project, Refunding Series 1996A, 2.600%, 3/01/34 (Mandatory Put 9/01/20) | No Opt. Call | BBB+ | 5,053,350 | ||
7,500 | Montgomery County Industrial Development Authority, Pennsylvania, Pollution Control Revenue Bonds, PECO Energy Company Project, Refunding Series 1999A, 2.500%, 10/01/30 (Mandatory Put 4/01/20) | No Opt. Call | BBB+ | 7,541,100 | ||
504 | Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Series 2013A0 & AE2, 1.500%, 12/31/23 | 10/19 at 100.00 | N/R | 126,042 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
$ 122 | Northampton County Industrial Development Authority, Pennsylvania, Recovery Revenue Bonds, Northampton Generating Project, Senior Lien Taxable Series 2013B, 5.000%, 12/31/23 (cash 5.000%, PIK 5.000%) | No Opt. Call | N/R | $30,476 | ||
5,945 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2005A, 3.750%, 12/01/40 (Mandatory Put 7/01/20) (7) | No Opt. Call | N/R | 4,919,487 | ||
3,565 | Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds, Shippingport Project, First Energy Guarantor, Series 2006A, 2.550%, 11/01/41 (7) | No Opt. Call | N/R | 2,950,037 | ||
8,750 | Pennsylvania Economic Development Financing Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Project, Series 2009, 2.800%, 12/01/33 (Mandatory Put 12/01/21) | No Opt. Call | A- | 8,963,850 | ||
Pennsylvania Economic Development Financing Authority, Unemployment Compensation Revenue Bonds, Series 2012B: | ||||||
335 | 5.000%, 1/01/20 | 10/19 at 100.00 | Aaa | 339,827 | ||
165 | 5.000%, 7/01/20 | 10/19 at 100.00 | Aaa | 167,378 | ||
3,890 | Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Association of Independent Colleges & Universities of Pennsylvania Financing Program, York College Project, Series 2014T-3, 2.850%, 5/01/34 (Mandatory Put 5/01/21) | No Opt. Call | A- | 3,948,467 | ||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Association of Independent Colleges and Universities of Pennsylvania Financing Program-Messiah College Project, Series 2001-14: | ||||||
1,850 | 2.200%, 11/01/31 (Mandatory Put 11/01/21) | No Opt. Call | A- | 1,853,053 | ||
3,500 | 2.720%, 11/01/31 (Mandatory Put 5/01/21) | 5/20 at 100.00 | A- | 3,502,170 | ||
5,000 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-124B, 3.200%, 10/01/32 | 10/26 at 100.00 | AA+ | 5,249,700 | ||
Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2017-125A: | ||||||
3,390 | 3.000%, 4/01/27 (AMT) | No Opt. Call | AA+ | 3,555,161 | ||
3,345 | 3.050%, 10/01/27 (AMT) | 4/27 at 100.00 | AA+ | 3,513,922 | ||
8,750 | 3.400%, 10/01/32 (AMT) | 4/27 at 100.00 | AA+ | 9,145,150 | ||
1,025 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-128A, 3.650%, 10/01/32 (AMT) | 10/27 at 100.00 | AA+ | 1,091,594 | ||
2,555 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-129, 2.950%, 10/01/34 | 10/28 at 100.00 | AA+ | 2,647,006 | ||
7,000 | Pennsylvania Housing Finance Agency, Single Family Mortgage Revenue Bonds, Series 2019-130A, 2.500%, 10/01/34 | 10/28 at 100.00 | AA+ | 6,999,440 | ||
4,505 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Series 2019 Forward Delivery, 5.000%, 12/01/23 | No Opt. Call | A1 | 5,167,640 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Pennsylvania (continued) | ||||||
Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Second Series 2016B-2: | ||||||
$ 2,390 | 5.000%, 6/01/21 | No Opt. Call | A3 | $2,530,150 | ||
15,000 | 5.000%, 6/01/22 | No Opt. Call | A3 | 16,357,500 | ||
23,660 | 5.000%, 6/01/23 | No Opt. Call | A3 | 26,575,149 | ||
12,485 | 5.000%, 6/01/24 | No Opt. Call | A3 | 14,397,577 | ||
8,095 | 5.000%, 6/01/24 – AGM Insured | No Opt. Call | AA | 9,390,443 | ||
5,630 | 5.000%, 6/01/25 | No Opt. Call | A3 | 6,638,840 | ||
4,265 | 5.000%, 6/01/29 | 6/26 at 100.00 | A3 | 5,080,852 | ||
17,500 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Series 2016, 5.000%, 6/01/20 | No Opt. Call | A3 | 17,924,025 | ||
3,475 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Refunding Fourteeth Series 2016, 5.000%, 10/01/20 | No Opt. Call | A | 3,602,324 | ||
515 | Philadelphia Gas Works, Pennsylvania, Revenue Bonds, Twelfth Series 1990B, 7.000%, 5/15/20 – NPFG Insured (ETM) | No Opt. Call | N/R (5) | 532,778 | ||
Pittsburgh Public Parking Authority, Pennsylvania, Parking System Revenue Bonds, Refunding Series 2015A: | ||||||
2,300 | 5.000%, 12/01/19 | No Opt. Call | A+ | 2,313,018 | ||
3,305 | 5.000%, 12/01/20 | No Opt. Call | A+ | 3,432,441 | ||
1,675 | 5.000%, 12/01/21 | No Opt. Call | A+ | 1,797,543 | ||
1,500 | 5.000%, 12/01/22 | No Opt. Call | A+ | 1,658,520 | ||
2,285 | Quakertown General Authority Health Facilities Revenue USDA Loan Anticipation Notes and Revenue Bonds for LifeQuest Obligated Group, Pennsylvania, Series 2017A, 3.125%, 7/01/21 | 10/19 at 100.00 | N/R | 2,284,749 | ||
2,035 | Scranton-Lackawanna Health and Welfare Authority, Pennsylvania, University Revenue Bonds, Marywood University, Series 2016, 3.375%, 6/01/26 | No Opt. Call | BB+ | 2,049,835 | ||
2,515 | Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts Bonds, Federal Transit Administration Section 5309 Fixed Guideway Modernization Formula Funds, Series 2011, 5.000%, 6/01/23 | No Opt. Call | AA- | 2,839,259 | ||
1,180 | Southeastern Pennsylvania Transportation Authority, Capital Grant Receipts Bonds, Federal Transit Administration Section 5337 State of Good Repair Formula Program Funds, Refunding Series 2017, 5.000%, 6/01/24 | No Opt. Call | AA- | 1,369,992 | ||
Washington County Industrial Development Authority, Pennsylvania, College Revenue Bonds, AICUP Financing Program-Washington and Jefferson College Project, Series 2017-PP5: | ||||||
1,045 | 5.000%, 11/01/21 | No Opt. Call | A- | 1,114,785 | ||
2,410 | 5.000%, 11/01/22 | No Opt. Call | A- | 2,642,228 | ||
2,530 | 5.000%, 11/01/23 | No Opt. Call | A- | 2,839,292 | ||
2,665 | 5.000%, 11/01/24 | No Opt. Call | A- | 3,065,523 | ||
2,550 | 5.000%, 11/01/25 | No Opt. Call | A- | 2,996,071 | ||
3,270 | West Shore Area Authority, Cumberland County, Pennsylvania, Hospital Revenue Bonds, Holy Spirit Hospital of the Sisters of Christian Charity, Series 2011B, 5.625%, 1/01/32 | 1/22 at 100.00 | AA | 3,553,345 | ||
315,901 | Total Pennsylvania | 337,363,644 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Puerto Rico – 0.5% | ||||||
$ 7,225 | Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2008A, 6.125%, 7/01/24 | No Opt. Call | Ca | $7,803,000 | ||
Puerto Rico Aqueduct and Sewerage Authority, Revenue Bonds, Senior Lien Series 2012A: | ||||||
8,005 | 5.250%, 7/01/24 | 7/22 at 100.00 | Ca | 8,445,275 | ||
4,215 | 4.250%, 7/01/25 | 7/22 at 100.00 | Ca | 4,320,375 | ||
1,000 | 5.250%, 7/01/29 | 7/22 at 100.00 | Ca | 1,051,250 | ||
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1: | ||||||
3,471 | 0.000%, 7/01/24 | No Opt. Call | N/R | 3,033,237 | ||
751 | 0.000%, 7/01/27 | No Opt. Call | N/R | 598,584 | ||
2,961 | 0.000%, 7/01/29 | 7/28 at 98.64 | N/R | 2,201,267 | ||
821 | 0.000%, 7/01/31 | 7/28 at 91.88 | N/R | 565,891 | ||
195 | 0.000%, 7/01/33 | 7/28 at 86.06 | N/R | 123,000 | ||
1,627 | 4.500%, 7/01/34 | 7/25 at 100.00 | N/R | 1,742,094 | ||
30,271 | Total Puerto Rico | 29,883,973 | ||||
Rhode Island – 0.1% | ||||||
Rhode Island Economic Development Corporation, Airport Revenue Bonds, Refunding Series 2013B: | ||||||
1,165 | 5.000%, 7/01/20 | No Opt. Call | A | 1,192,424 | ||
1,360 | 5.000%, 7/01/21 | No Opt. Call | A | 1,437,153 | ||
4,000 | Rhode Island Housing & Mortgage Finance Corporation, Homeownership Opportunity Bond Program, 2019 Series 70, 2.800%, 10/01/34 | 10/28 at 100.00 | AA+ | 4,102,480 | ||
6,525 | Total Rhode Island | 6,732,057 | ||||
South Carolina – 0.8% | ||||||
Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Building Equity Sooner Series 2012: | ||||||
3,375 | 5.000%, 12/01/21 | No Opt. Call | AA | 3,642,199 | ||
4,910 | 5.000%, 12/01/22 | No Opt. Call | AA | 5,469,200 | ||
1,745 | Greenwood Fifty School Facilities, Inc, South Carolina, Installment Purchase Revenue Bonds, Greenwood School District 50 Project, Refunding Series 2016, 5.000%, 12/01/19 – BAM Insured | No Opt. Call | AA | 1,755,383 | ||
Kershaw County Public Schools Foundation, South Carolina, Installment Purchase Revenue Bonds, Kershaw County School District, Refunding Series 2015: | ||||||
1,075 | 5.000%, 12/01/19 | No Opt. Call | A1 | 1,081,396 | ||
600 | 5.000%, 12/01/20 | No Opt. Call | A1 | 625,266 | ||
1,040 | Lexington County Health Services District, Inc, South Carolina, Hospital Revenue Bonds, Refunding Series 2011, 5.000%, 11/01/22 | 11/21 at 100.00 | A1 | 1,116,097 | ||
350 | Lexington County Health Services District, Inc, South Carolina, Hospital Revenue Bonds, Refunding Series 2017, 5.000%, 11/01/26 | No Opt. Call | A1 | 429,898 | ||
730 | McCormick County, South Carolina, Hospital Facilities Revenue Refunding and Improvement Bonds, McCormick Health Care Center Project, Series 2006, 8.000%, 3/01/21 (ETM) | No Opt. Call | N/R (5) | 773,931 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Carolina (continued) | ||||||
$ 3,620 | Patriots Energy Group Financing Agency, South Carolina, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 10/01/48 (Mandatory Put 2/01/24) | 1/24 at 100.30 | Aa2 | $3,943,266 | ||
7,500 | Richland County, South Carolina, General Obligation Bonds, Transporatation Sales & Use Tax, Anticipation Note Series 2019, 3.000%, 2/27/20 | No Opt. Call | N/R | 7,548,000 | ||
South Carolina Jobs-Economic Development Authority, Economic Development Revenue Bonds, FMU Student Housing LLC - Francis Marion University Project, Series 2014A: | ||||||
1,020 | 5.000%, 8/01/22 | No Opt. Call | Baa3 | 1,060,402 | ||
1,035 | 5.000%, 8/01/24 | No Opt. Call | Baa3 | 1,110,772 | ||
South Carolina Jobs-Economic Development Authority, Hospital Revenue Bonds, Palmetto Health, Refunding Series 2013A: | ||||||
1,450 | 5.250%, 8/01/24 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 1,661,570 | ||
2,850 | 5.250%, 8/01/25 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 3,265,843 | ||
3,500 | 5.250%, 8/01/26 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 4,010,685 | ||
2,000 | 5.000%, 8/01/27 (Pre-refunded 8/01/23) | 8/23 at 100.00 | N/R (5) | 2,273,200 | ||
1,750 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2014C, 5.000%, 12/01/21 | No Opt. Call | A | 1,882,685 | ||
1,425 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2015C, 5.000%, 12/01/19 (ETM) | No Opt. Call | A (5) | 1,433,650 | ||
1,240 | South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2016A, 5.000%, 12/01/22 | No Opt. Call | A | 1,374,701 | ||
Sumter Two School Facilities, Inc, South Carolina, Installment Purchase Revenue Refunding Bonds, Sumter County School District 2 Project, Series 2016: | ||||||
1,500 | 5.000%, 12/01/19 – BAM Insured | No Opt. Call | AA | 1,507,965 | ||
1,000 | 5.000%, 12/01/20 – BAM Insured | No Opt. Call | AA | 1,036,900 | ||
43,715 | Total South Carolina | 47,003,009 | ||||
South Dakota – 0.2% | ||||||
455 | South Dakota Building Authority, Revenue Bonds, Series 2013B, 5.000%, 6/01/20 | No Opt. Call | AA+ | 466,148 | ||
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2014B: | ||||||
400 | 4.000%, 11/01/19 | No Opt. Call | A+ | 400,836 | ||
320 | 4.000%, 11/01/20 | No Opt. Call | A+ | 328,960 | ||
525 | 4.000%, 11/01/21 | No Opt. Call | A+ | 552,578 | ||
650 | 5.000%, 11/01/24 | No Opt. Call | A+ | 760,396 | ||
South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015: | ||||||
650 | 5.000%, 11/01/20 | No Opt. Call | A+ | 675,142 | ||
800 | 5.000%, 11/01/21 | No Opt. Call | A+ | 858,368 | ||
1,130 | 5.000%, 11/01/22 | No Opt. Call | A+ | 1,250,356 | ||
4,500 | South Dakota Housing Development Authority, Homeownership Mortgage Revenue Bonds, Series 2018A, 3.550%, 11/01/33 | 5/27 at 100.00 | AAA | 4,795,020 | ||
9,430 | Total South Dakota | 10,087,804 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Tennessee – 1.2% | ||||||
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Revenue Bonds, CommonSpirit Health, Series 2019A-1: | ||||||
$ 1,000 | 5.000%, 8/01/25 | No Opt. Call | BBB+ | $1,176,180 | ||
1,750 | 5.000%, 8/01/26 | No Opt. Call | BBB+ | 2,099,405 | ||
1,510 | Harpeth Valley Utilities District, Davidson and Williamson Counties, Tennessee, Utilities Revenue Bonds, Refunding Series 2015, 4.000%, 9/01/20 | No Opt. Call | AA+ | 1,547,327 | ||
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A: | ||||||
2,500 | 5.000%, 1/01/20 | No Opt. Call | A+ | 2,521,050 | ||
1,500 | 4.000%, 1/01/21 | No Opt. Call | A+ | 1,545,375 | ||
Knox County Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds, East Tennessee Children's Hospital, Series 2019: | ||||||
2,325 | 5.000%, 11/15/32 | 2/29 at 100.00 | A | 2,890,487 | ||
2,810 | 5.000%, 11/15/33 | 2/29 at 100.00 | A | 3,469,226 | ||
Metropolitan Government of Nashville-Davidson County Health and Educational Facilities Board, Tennessee, Revenue Bonds, Belmont University Project, Series 2012: | ||||||
1,070 | 4.000%, 11/01/19 | No Opt. Call | A | 1,072,268 | ||
810 | 4.000%, 11/01/20 | No Opt. Call | A | 832,591 | ||
500 | 4.000%, 11/01/21 | No Opt. Call | A | 526,160 | ||
1,030 | 5.000%, 11/01/22 | 11/21 at 100.00 | A | 1,100,534 | ||
Metropolitan Government of Nashville-Davidson County, Tennessee, Water and Sewerage Revenue Bonds, Subordinate Lien Refunding Series 2012: | ||||||
2,615 | 5.000%, 7/01/21 | No Opt. Call | AA- | 2,779,222 | ||
1,870 | 5.000%, 7/01/22 | No Opt. Call | AA- | 2,053,428 | ||
2,275 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2015-1C, 3.850%, 7/01/32 | 1/25 at 100.00 | AA+ | 2,424,081 | ||
5,000 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-1, 3.400%, 7/01/34 | 7/28 at 100.00 | AA+ | 5,433,450 | ||
5,000 | Tennessee Housing Development Agency, Residential Finance Program Bonds, Series 2019-2, 2.800%, 7/01/34 | 7/28 at 100.00 | AA+ | 5,136,950 | ||
8,680 | The Tennessee Energy Acquisition Corporation, Gas Project Revenue Bonds, Series 2018, 4.000%, 11/01/49 (Mandatory Put 11/01/25) | No Opt. Call | A | 9,609,021 | ||
21,600 | The Tennessee Energy Acquisition Corporation, Gas Revenue Bonds, Series 2006C, 4.000%, 5/01/48 (Mandatory Put 5/01/23) | No Opt. Call | A | 23,104,872 | ||
63,845 | Total Tennessee | 69,321,627 | ||||
Texas – 5.8% | ||||||
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien, Series 2016: | ||||||
1,040 | 5.000%, 1/01/21 | No Opt. Call | A- | 1,082,484 | ||
1,430 | 5.000%, 1/01/22 | No Opt. Call | A- | 1,533,303 | ||
2,500 | 5.000%, 1/01/23 | No Opt. Call | A- | 2,757,525 | ||
3,560 | 5.000%, 1/01/24 | No Opt. Call | A- | 4,025,968 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Corpus Christi Business and Job Development Corporation, Texas, Sales Tax Revenue Bonds, Arena Project, Refunding Series 2014: | ||||||
$ 1,000 | 5.000%, 9/01/21 | No Opt. Call | AA | $1,069,310 | ||
650 | 5.000%, 9/01/22 | No Opt. Call | AA | 713,830 | ||
5,000 | Dallas Area Rapid Transit, Texas, Sales Tax Revenue Bonds, Senior Lien Refunding Series 2019, 5.000%, 12/01/24 | No Opt. Call | AA+ | 5,905,950 | ||
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding & Improvement Series 2016: | ||||||
9,690 | 1.350%, 11/01/20 (AMT), 144A | No Opt. Call | A+ | 9,683,798 | ||
30,640 | 1.600%, 11/01/21 (AMT), 144A | No Opt. Call | A+ | 30,603,845 | ||
Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2012B: | ||||||
2,595 | 5.000%, 11/01/20 | No Opt. Call | A+ | 2,697,373 | ||
5,000 | 5.000%, 11/01/21 | 11/20 at 100.00 | A+ | 5,202,900 | ||
1,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2014A, 5.250%, 11/01/26 (AMT) | 11/23 at 100.00 | A+ | 1,144,730 | ||
El Paso, El Paso County, Texas, Water and Sewer Revenue Bonds, Refunding Series 2019B: | ||||||
2,525 | 5.000%, 3/01/23 (WI/DD, Settling 12/04/19) | No Opt. Call | AA+ | 2,797,902 | ||
2,660 | 5.000%, 3/01/24 (WI/DD, Settling 12/04/19) | No Opt. Call | AA+ | 3,033,278 | ||
3,000 | 5.000%, 3/01/25 (WI/DD, Settling 12/04/19) | No Opt. Call | AA+ | 3,512,010 | ||
3,945 | 5.000%, 3/01/26 (WI/DD, Settling 12/04/19) | No Opt. Call | AA+ | 4,729,305 | ||
4,160 | 5.000%, 3/01/27 (WI/DD, Settling 12/04/19) | No Opt. Call | AA+ | 5,100,992 | ||
1,020 | 5.000%, 3/01/28 (WI/DD, Settling 12/04/19) | No Opt. Call | AA+ | 1,273,317 | ||
18,000 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Bond Anticipation Note Series 2014A, 5.000%, 2/01/23 | No Opt. Call | A+ | 20,017,260 | ||
3,020 | Harris County Cultural Educaion Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Memorial Hermann Healthcare System, Series 2014A, 5.000%, 12/01/24 | No Opt. Call | A+ | 3,537,568 | ||
17,500 | Harris County Cultural Education Facilities Finance Corporation, Texas, Hospital Revenue Bonds, Texas Childrens Hospital, Series 2019B, 5.000%, 10/01/41 (Mandatory Put 10/01/24) | No Opt. Call | AA | 20,463,100 | ||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Second Lien Series 2014C: | ||||||
825 | 5.000%, 11/15/19 | No Opt. Call | A3 | 828,267 | ||
575 | 5.000%, 11/15/20 | No Opt. Call | A3 | 595,551 | ||
480 | 5.000%, 11/15/21 | No Opt. Call | A3 | 512,227 | ||
Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien Series 2014A: | ||||||
11,635 | 5.000%, 11/15/22 – AGM Insured | No Opt. Call | AA | 12,893,093 | ||
8,630 | 5.000%, 11/15/23 – AGM Insured | No Opt. Call | AA | 9,841,738 | ||
5,205 | 5.000%, 11/15/24 – AGM Insured | No Opt. Call | AA | 6,095,367 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018C: | ||||||
$ 4,000 | 5.000%, 7/01/29 (AMT) | 7/28 at 100.00 | AA | $4,998,040 | ||
6,000 | 5.000%, 7/01/30 (AMT) | 7/28 at 100.00 | AA | 7,453,020 | ||
3,000 | 5.000%, 7/01/31 (AMT) | 7/28 at 100.00 | AA | 3,707,700 | ||
2,250 | Houston, Texas, Airport System Revenue Bonds, Refunding Subordinate Lien Series 2011B, 5.000%, 7/01/20 | No Opt. Call | A+ | 2,312,348 | ||
6,500 | Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2020A, 5.000%, 11/15/32 (WI/DD, Settling 8/19/20) | 11/30 at 100.00 | AA | 8,269,235 | ||
Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds Series 2015: | ||||||
1,000 | 5.000%, 11/01/19 (AMT) | No Opt. Call | A1 | 1,002,910 | ||
1,000 | 5.000%, 11/01/20 (AMT) | No Opt. Call | A1 | 1,038,680 | ||
1,000 | 5.000%, 11/01/21 (AMT) | No Opt. Call | A1 | 1,072,740 | ||
1,720 | 5.000%, 11/01/22 (AMT) | No Opt. Call | A1 | 1,902,096 | ||
1,455 | 5.000%, 11/01/23 (AMT) | No Opt. Call | A1 | 1,653,738 | ||
1,500 | 5.000%, 11/01/24 (AMT) | No Opt. Call | A1 | 1,749,960 | ||
1,510 | McCamey County Hospital District, Texas, General Obligation Bonds, Series 2013, 4.000%, 12/01/21 | No Opt. Call | B1 | 1,522,020 | ||
2,175 | Mission Economic Development Corporation, Texas, Revenue Bonds, Natgasoline Project, Senior Lien Series 2018, 4.625%, 10/01/31, 144A (AMT) | 10/21 at 105.00 | BB- | 2,363,007 | ||
North Central Texas Health Facilities Development Corporation, Texas, Revenue Bonds, Children's Medical Center Dallas Project, Series 2012: | ||||||
2,795 | 5.000%, 8/15/21 | No Opt. Call | Aa2 | 2,981,594 | ||
2,010 | 5.000%, 8/15/22 | No Opt. Call | Aa2 | 2,213,372 | ||
6,415 | 5.000%, 8/15/23 (Pre-refunded 8/15/22) | 8/22 at 100.00 | Aa2 (5) | 7,087,035 | ||
7,650 | North Texas Tollway Authority, Special Projects System Revenue Bonds, Current Interest Series 2011D, 5.000%, 9/01/24 (Pre-refunded 9/01/21) | 9/21 at 100.00 | N/R (5) | 8,180,221 | ||
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2014A: | ||||||
4,030 | 5.000%, 1/01/22 | No Opt. Call | A+ | 4,360,178 | ||
4,945 | 5.000%, 1/01/23 | No Opt. Call | A+ | 5,520,845 | ||
7,045 | 5.000%, 1/01/24 | No Opt. Call | A+ | 8,101,116 | ||
North Texas Tollway Authority, System Revenue Bonds, Refunding First Tier, Series 2017A: | ||||||
5,000 | 5.000%, 1/01/23 | No Opt. Call | A+ | 5,582,250 | ||
3,260 | 5.000%, 1/01/24 | 1/23 at 100.00 | A+ | 3,639,627 | ||
3,200 | 5.000%, 1/01/27 | 1/26 at 100.00 | A+ | 3,872,384 | ||
2,470 | San Antonio, Texas, Electric and Gas System Revenue Bonds, Junior Lien Series 2015A, 2.250%, 2/01/33 (Mandatory Put 12/01/19) | No Opt. Call | AA+ | 2,473,236 | ||
3,825 | Texas Department of Housing and Community Affairs, Residential Mortgage Revenue Bonds, Premium Series 2019A, 3.500%, 7/01/34 | 7/28 at 100.00 | Aaa | 4,130,006 | ||
6,750 | Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series 2012, 5.000%, 12/15/20 | No Opt. Call | A3 | 7,015,950 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 2,745 | Texas Southmost College District, Texas, General Obligation Bonds, Refunding Limited Tax Series 2014A, 5.000%, 2/15/20 | No Opt. Call | AA- | $2,780,411 | ||
20,000 | Texas State, General Obligation Bonds, Tax & Revenue Anticipation Note Series 2019, 4.000%, 8/27/20 | No Opt. Call | N/R | 20,480,800 | ||
Texas Water Development Board, State Water Implementation Revenue Fund Bonds, Master Trust Taxable Series 2018A: | ||||||
7,000 | 5.000%, 10/15/23 | No Opt. Call | AAA | 8,017,170 | ||
13,040 | 5.000%, 10/15/24 | No Opt. Call | AAA | 15,368,292 | ||
12,540 | 5.000%, 10/15/25 | No Opt. Call | AAA | 15,188,323 | ||
295,115 | Total Texas | 327,690,295 | ||||
Utah – 0.1% | ||||||
Utah Associated Municipal Power Systems, Revenue Bonds, Horse Butte Wind Project, Series 2012A: | ||||||
1,090 | 5.000%, 9/01/20 | No Opt. Call | AA- | 1,125,904 | ||
2,065 | 5.000%, 9/01/21 | No Opt. Call | AA- | 2,207,320 | ||
3,155 | Total Utah | 3,333,224 | ||||
Vermont – 0.0% | ||||||
725 | Vermont Educational and Health Buildings Financing Agency, Revenue Bonds, University of Vermont Medical Center Project, Series 2016A, 4.000%, 12/01/19 | No Opt. Call | A+ | 728,118 | ||
Virginia – 1.6% | ||||||
10,225 | Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Bond Anticipation Notes Series 2019, 5.000%, 11/01/23 | No Opt. Call | BBB | 11,599,956 | ||
Fairfax County Economic Development Authority, Virginia, Revenue Bonds, Wiehle Avenue Metrorail Station Parking Project, Refunding Series 2020 Forward Delivery: | ||||||
2,160 | 5.000%, 8/01/24 (WI/DD, Settling 5/05/20) | No Opt. Call | AA+ | 2,471,105 | ||
2,095 | 5.000%, 8/01/25 (WI/DD, Settling 5/05/20) | No Opt. Call | AA+ | 2,459,300 | ||
2,045 | 5.000%, 8/01/26 (WI/DD, Settling 5/05/20) | No Opt. Call | AA+ | 2,458,642 | ||
2,850 | 5.000%, 8/01/27 (WI/DD, Settling 5/05/20) | No Opt. Call | AA+ | 3,504,388 | ||
1,600 | 5.000%, 8/01/29 (WI/DD, Settling 5/05/20) | No Opt. Call | AA+ | 2,039,328 | ||
10,570 | Halifax County Industrial Development Authority, Virginia, Recovery Zone Facility Revenue Bonds, Virginia Electric & Power Compnay Project, Sereis 2010A, 2.150%, 12/01/41 (Mandatory Put 9/01/20) | No Opt. Call | A2 | 10,629,192 | ||
21,640 | Loudoun County Economic Development Authority, Virginia, Lease Revenue Bonds, Metrorail Service District Improvement Silver LIne Phase 2 Project, Series 2018, 2.000%, 4/01/22 | 4/20 at 100.00 | AA+ | 21,698,861 | ||
5,240 | Norfolk Economic Development Authority, Virginia, Hospital Facility Revenue Bonds, Sentara Healthcare Systems, Refunding Series 2018A, 5.000%, 11/01/48 (Mandatory Put 11/01/28) | No Opt. Call | AA | 6,670,625 | ||
1,000 | Virginia Small Business Financing Authority, Revenue Bonds, Hampton University, Refunding Series 2014, 5.000%, 10/01/19 | No Opt. Call | A | 1,000,000 | ||
15,005 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2009A, 2.150%, 10/01/40 (Mandatory Put 9/01/20) | No Opt. Call | A2 | 15,089,028 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 11,990 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2010A, 1.875%, 11/01/40 (Mandatory Put 6/01/20) | No Opt. Call | A2 | $ 12,017,097 | ||
86,420 | Total Virginia | 91,637,522 | ||||
Washington – 2.6% | ||||||
10,000 | Energy Northwest, Washington, Electric Revenue Bonds, Columbia Generating Station, Refunding Series 2015A, 5.000%, 7/01/23 | No Opt. Call | Aa1 | 11,368,500 | ||
5,000 | Energy Northwest, Washington, Electric Revenue Bonds, Nuclear Project 1, Refunding Series 2015C, 5.000%, 7/01/25 | No Opt. Call | Aa1 | 6,017,600 | ||
10,545 | Energy Northwest, Washington, Electric Revenue Bonds, Nuclear Project 1, Refunding Series 2017A, 5.000%, 7/01/27 | No Opt. Call | Aa1 | 13,295,558 | ||
King County Public Hospital District 1, Washington, Limited Tax General Obligation Bonds, Valley Medical Center, Refunding Series 2016: | ||||||
6,485 | 5.000%, 12/01/23 | No Opt. Call | A2 | 7,365,533 | ||
7,285 | 5.000%, 12/01/24 | No Opt. Call | A2 | 8,498,025 | ||
Spokane Public Facilities District, Washington, Hotel, Motel, and Sales Use Tax Revenue Bonds, Refunding Series 2013B: | ||||||
1,520 | 5.000%, 12/01/20 | No Opt. Call | A1 | 1,584,007 | ||
2,095 | 5.000%, 12/01/21 | No Opt. Call | A1 | 2,256,650 | ||
2,000 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019A-2, 5.000%, 8/01/27 | No Opt. Call | BBB+ | 2,438,560 | ||
3,980 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/24) | 2/24 at 100.00 | BBB+ | 4,537,399 | ||
5,955 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-2, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 6,924,593 | ||
6,295 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-3, 5.000%, 8/01/49 (Mandatory Put 8/01/26) | 2/26 at 100.00 | BBB+ | 7,469,521 | ||
3,000 | Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2011A, 5.375%, 1/01/31 | 1/21 at 100.00 | A+ | 3,118,920 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Fred Hutchinson Cancer Research Center, Series 2015: | ||||||
1,500 | 5.000%, 1/01/21 | No Opt. Call | A+ | 1,563,270 | ||
5,730 | 5.000%, 1/01/22 | No Opt. Call | A+ | 6,163,704 | ||
1,950 | 5.000%, 1/01/24 | No Opt. Call | A+ | 2,223,254 | ||
1,310 | 5.000%, 1/01/25 | No Opt. Call | A+ | 1,534,298 | ||
1,065 | Washington Health Care Facilities Authority, Revenue Bonds, PeaceHealth, Refunding Series 2014A, 5.000%, 11/15/21 | No Opt. Call | AA- | 1,144,119 | ||
Washington Health Care Facilities Authority, Revenue Bonds, Providence Health & Services, Series 2012B: | ||||||
10,000 | 4.000%, 10/01/42 (Mandatory Put 10/01/21) | No Opt. Call | AA- | 10,502,200 | ||
10,835 | 5.000%, 10/01/42 (Mandatory Put 10/01/21) | No Opt. Call | AA- | 11,591,716 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington (continued) | ||||||
Washington Health Care Facilities Authority, Revenue Bonds, Providence Saint Joseph Health, Series 2018B: | ||||||
$ 1,250 | 5.000%, 10/01/25 | No Opt. Call | AA- | $1,500,450 | ||
1,850 | 5.000%, 10/01/26 | No Opt. Call | AA- | 2,272,300 | ||
3,010 | 5.000%, 10/01/27 | No Opt. Call | AA- | 3,769,604 | ||
2,100 | 5.000%, 10/01/28 | No Opt. Call | AA- | 2,685,459 | ||
6,000 | Washington State Economic Development Finance Authority, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2008, 2.125%, 6/01/20, 144A | 10/19 at 100.00 | A- | 6,004,680 | ||
20,175 | Washington State, General Obligation Bonds, Refunding Various Purpose Series 2013R-13C, 5.000%, 7/01/21 | No Opt. Call | Aaa | 21,488,998 | ||
130,935 | Total Washington | 147,318,918 | ||||
West Virginia – 0.5% | ||||||
3,500 | West Virginia Economic Development Authority, Energy Revenue Bonds, Morgantown Energy Associates Project, Refunding Series 2016, 2.875%, 12/15/26 (AMT) | No Opt. Call | Baa3 | 3,538,570 | ||
6,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Refunidng Series 2015A, 2.550%, 3/01/40 (Mandatory Put 4/01/24) | No Opt. Call | A- | 6,249,060 | ||
6,765 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Series 2011A, 1.700%, 1/01/41 (Mandatory Put 9/01/20) (AMT) | No Opt. Call | A- | 6,762,497 | ||
4,010 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009A, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 4,125,849 | ||
4,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Seriess 2009B, 2.625%, 12/01/42 (Mandatory Put 6/01/22) | No Opt. Call | A- | 4,115,560 | ||
4,095 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Wheeling Power Company - Mitchell Project, Series 2013A, 3.000%, 6/01/37 (Mandatory Put 4/01/22) (AMT) | No Opt. Call | A- | 4,221,658 | ||
1,030 | West Virginia Hospital Finance Authority, Hospital Revenue Bonds, Charleston Area Medical Center, Series 2014A, 5.000%, 9/01/24 | No Opt. Call | Baa1 | 1,182,121 | ||
29,400 | Total West Virginia | 30,195,315 | ||||
Wisconsin – 0.6% | ||||||
950 | Wisconsin Health & Educational Facs Authority, Health Facilities Revenue Bonds, UnityPoint Health Project, Series 2014A, 5.000%, 12/01/19 | No Opt. Call | AA- | 955,519 | ||
2,845 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Aurora Health Care, Inc, Series 2012A, 5.000%, 7/15/27 – AGM Insured (Pre-refunded 7/15/21) | 7/21 at 100.00 | Aa3 (5) | 3,031,774 | ||
1,710 | Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Medical College of Wisconisin, Inc, Series 2010, 5.000%, 12/01/19 | No Opt. Call | AA- | 1,720,380 | ||
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Ministry Health Care, Inc, Refunding 2012C: | ||||||
420 | 5.000%, 8/15/20 (ETM) | No Opt. Call | N/R (5) | 433,310 | ||
1,480 | 5.000%, 8/15/21 (ETM) | No Opt. Call | N/R (5) | 1,580,226 | ||
55 | 5.000%, 8/15/23 (Pre-refunded 8/15/22) | 8/22 at 100.00 | N/R (5) | 60,680 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
$ 7,285 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Ascension Health Alliance Senior Credit Group, Series 2013B, 1.375%, 11/15/38 (Mandatory Put 12/03/19) | No Opt. Call | AA+ | $7,284,708 | ||
6,285 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Hospital Sisters Services, Inc, Refunding Series 2014A, 5.000%, 11/15/22 | No Opt. Call | AA- | 6,960,512 | ||
3,150 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, ProHealth Care, Inc Obligated Group, Refunding Series 2015, 3.375%, 8/15/29 | 8/24 at 100.00 | A+ | 3,327,786 | ||
Wisconsin Housing and Ecconomic Development Authority, Home Ownership Revenue Bonds, Series 2019C: | ||||||
1,770 | 2.200%, 3/01/31 | 9/28 at 100.00 | AA | 1,753,751 | ||
1,785 | 2.200%, 9/01/31 | 9/28 at 100.00 | AA | 1,762,670 | ||
4,930 | 2.500%, 9/01/34 | 9/28 at 100.00 | AA | 4,907,421 | ||
WPPI Energy, Wisconsin, Power Supply System Revenue Bonds, Refunding Series 2014A: | ||||||
670 | 5.000%, 7/01/25 | 7/24 at 100.00 | A1 | 776,704 | ||
1,000 | 5.000%, 7/01/26 | 7/24 at 100.00 | A1 | 1,157,270 | ||
725 | 5.000%, 7/01/27 | 7/24 at 100.00 | A1 | 837,578 | ||
35,060 | Total Wisconsin | 36,550,289 | ||||
Wyoming – 0.3% | ||||||
16,170 | Sweetwater County, Wyoming, Pollution Control Revenue Refunding Bonds, Idaho Power Company Project, Series 2006, 1.700%, 7/15/26 | No Opt. Call | A1 | 16,096,588 | ||
2,500 | Wyoming Community Development Authority, Housing Revenue Bonds, 2019 Series 3, 2.450%, 12/01/34 | 12/28 at 100.00 | AA+ | 2,469,650 | ||
18,670 | Total Wyoming | 18,566,238 | ||||
$ 5,182,042 | Total Long-Term Investments (cost $5,396,686,219) | 5,529,464,753 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 2.4% | ||||||
MUNICIPAL BONDS – 2.4% | ||||||
National – 1.3% | ||||||
$ 12,850 | BB&T Municipal Trust Pool Tax Exempt Lease Certificates Class C Series 2018, Variable Rate Demand Obligations, 2.380%, 11/30/21 (Mandatory Put 11/14/19) (SIFMA reference rate + 0.80% spread), 144A (4), (8) | No Opt. Call | A+ | $12,850,000 | ||
57,400 | JPMorgan Chase Putters / Drivers Trust Various States, Minnesota, Variable Rate Demand Obligations, Series 5027, 1.840%, 6/01/21 (AMT) (Mandatory Put 11/14/19), 144A (8) | No Opt. Call | F1+ | 57,400,000 | ||
70,250 | Total National | 70,250,000 | ||||
Alabama – 0.4% | ||||||
23,435 | Mobile Industrial Development Board, Alabama, Pollution Control Revenue Refunding Bonds, Alabama Power Company Barry Plan, Variable Rate Demand Obligations, Series 2008, 2.900%, 7/15/34 (Mandatory Put 12/12/23) (8) | No Opt. Call | F1 | 24,457,235 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida – 0.2% | ||||||
$ 10,235 | Florida Department of Environmental Protection, Everglades Restoration Revenue Bonds, Variable Rate Demand Obligations, Refunding Series 2007B, 1.630%, 7/01/27 – AGC Insured (Mandatory Put 10/07/19) (8) | 12/19 at 100.00 | A-1+ | $ 10,235,000 | ||
Illinois – 0.3% | ||||||
10,100 | Illinois Development Finance Authority, Limited Obligation Project Revenue Bonds, Lyric Opera of Chicago, Variable Rate Demand Obligations, Series 1994, 1.630%, 12/01/28 (Mandatory Put 11/20/19) (8) | 11/19 at 100.00 | A-1 | 10,100,000 | ||
7,000 | Peoria County, Illinois, General Obligation Bonds, Alternate Revenue Source, Variable Rate Demand Obligations, Tender Option Bond Floater 2016-XM0274, 1.780%, 6/15/20 (Mandatory Put 11/14/19), 144A (8) | No Opt. Call | A-1 | 7,000,000 | ||
17,100 | Total Illinois | 17,100,000 | ||||
Ohio – 0.1% | ||||||
7,500 | Montgomery County, Ohio, Revenue Bonds, Catholic Health Initiatives, Variable Rate Demand Obligations, Tender Option Bond Trust Floaters 2015-XF0029, 1.730%, 5/15/20 (Mandatory Put 11/14/19), 144A (8) | No Opt. Call | F1 | 7,500,000 | ||
Wisconsin – 0.1% | ||||||
5,165 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Variable Rate Demand Obligations, Refunding Series 2016A-3, 2.000%, 7/01/29 (AMT) (Mandatory Put 6/01/21) (8) | No Opt. Call | A-2 | 5,199,502 | ||
$ 133,685 | Total Short-Term Investments (cost $133,684,815) | 134,741,737 | ||||
Total Investments (cost $5,530,371,034) – 100.2% | 5,664,206,490 | |||||
Other Assets Less Liabilities – (0.2)% | (14,094,881) | |||||
Net Assets – 100% | $ 5,650,111,609 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
(5) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(6) | Step-up coupon bond, a bond with a coupon that increases ("steps up"), usually at regular intervals, while the bond is outstanding. The rate shown is the coupon as of the end of the reporting period. | |
(7) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(8) | Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
DD1 | Portion of investment purchased on a delayed delivery basis. | |
ETM | Escrowed to maturity | |
PIK | Payment-in-kind (“PIK”) security. Depending on the terms of the security, income may be received in the form of cash, securities, or a combination of both. The PIK rate shown, where applicable, represents the annualized rate of the last PIK payment made by the issuer as of the end of the reporting period. | |
SIFMA | Securities Industry and Financial Market Association | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
LONG-TEM INVESTMENTS – 96.3% | ||||||
MUNICIPAL BONDS – 96.3% | ||||||
Alabama – 4.5% | ||||||
$ 6,335 | Black Belt Energy Gas District, Alabama, Gas PrePay Revenue Bonds, Project 3 Series 2018A, 4.000%, 12/01/48 (Mandatory Put 12/01/23) | No Opt. Call | A | $6,834,261 | ||
6,500 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2016, 4.000%, 7/01/46 (Mandatory Put 6/01/21) | No Opt. Call | Aa2 | 6,752,135 | ||
4,000 | Black Belt Energy Gas District, Alabama, Gas Supply Revenue Bonds, Series 2017A, 4.000%, 8/01/47 (Mandatory Put 7/01/22) | No Opt. Call | Aa2 | 4,245,520 | ||
7,335 | Southeast Alabama Gas Supply District, Alabama, Gas Supply Revenue Bonds, Project 2, Fixed Rate Series 2018A, 4.000%, 6/01/49 (Mandatory Put 6/01/24) | 5/24 at 100.29 | A | 7,986,642 | ||
700 | Tuscaloosa County Industrial Development Authority, Alabama, Gulf Opportunity Zone Bonds, Hunt Refining Project, Refunding Series 2019A, 4.500%, 5/01/32, 144A | 5/29 at 100.00 | N/R | 783,139 | ||
24,870 | Total Alabama | 26,601,697 | ||||
Alaska – 1.0% | ||||||
2,660 | Alaska Industrial Development and Export Authority, Power Revenue Bonds, Snettisham Hydroelectric Project, Refunding Series 2015, 5.000%, 1/01/20 (AMT) | No Opt. Call | Baa2 | 2,681,014 | ||
1,565 | Alaska State, International Airport System Revenue Bonds, Refunding Series 2010A, 5.000%, 10/01/23 (AMT) | 10/20 at 100.00 | A1 | 1,617,912 | ||
1,350 | Alaska State, International Airport System Revenue Bonds, Refunding Series 2016C, 5.000%, 10/01/20 (AMT) | No Opt. Call | A1 | 1,397,007 | ||
5 | Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds, Series 2006A, 4.625%, 6/01/23 | 10/19 at 100.00 | A2 | 5,008 | ||
5,580 | Total Alaska | 5,700,941 | ||||
Arizona – 2.1% | ||||||
1,320 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2007, 2.700%, 12/01/37 (Mandatory Put 8/14/23) (AMT) | No Opt. Call | A+ | 1,368,616 | ||
1,880 | Chandler Industrial Development Authority, Arizona, Industrial Development Revenue Bonds, Intel Corporation Project, Series 2019, 5.000%, 6/01/49 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | A+ | 2,158,259 | ||
Maricopa County Industrial Development Authority, Arizona, Hospital Revenue Bonds, HonorHealth, Series 2019A: | ||||||
450 | 5.000%, 9/01/22 | No Opt. Call | A2 | 494,595 | ||
500 | 5.000%, 9/01/23 | No Opt. Call | A2 | 564,810 | ||
1,000 | Phoenix Civic Improvement Corporation, Arizona, Airport Revenue Bonds, Senior Lien Series 2017A, 5.000%, 7/01/21 (AMT) | No Opt. Call | AA- | 1,062,980 | ||
1,000 | Phoenix Industrial Development Authority, Arizona, Solid Waste Disposal Faciltity Revenue Bonds, Republic Services, Inc Project, Series 2013, 1.450%, 12/01/35 (Mandatory Put 02/01/20) (AMT) | No Opt. Call | N/R | 999,840 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Arizona (continued) | ||||||
$ 1,200 | Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc Prepay Contract Obligations, Series 2007, 5.250%, 12/01/20 | No Opt. Call | A3 | $1,249,344 | ||
2,375 | Yavapai County Industrial Development Authority, Arizona, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2002, 2.800%, 6/01/27 (Mandatory Put 6/01/21) (AMT) | No Opt. Call | N/R | 2,422,096 | ||
2,000 | Yavapai County Industrial Development Authority, Arizona, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Series 2003A-2, 2.200%, 3/01/28 (Mandatory Put 6/03/24) (AMT) | No Opt. Call | N/R | 2,045,140 | ||
11,725 | Total Arizona | 12,365,680 | ||||
California – 4.3% | ||||||
5,605 | California Health Facilities Financing Authority, Revenue Bonds, Kaiser Permanente System, Series 2017C, 5.000%, 8/01/31 (Mandatory Put 11/01/22) | No Opt. Call | AA- | 6,239,710 | ||
550 | California School Finance Authority, California, Charter School Revenue Bonds, Aspire Public Schools, Refunding Series 2016, 5.000%, 8/01/20, 144A | No Opt. Call | BBB | 564,845 | ||
2,875 | California State Public Works Board, Lease Revenue Bonds, Department of Corrections & Rehabilitation, Substance Abuse Treatment Facility & Corcoran II State Prison, Series 2014G, 5.000%, 1/01/20 | No Opt. Call | AA- | 2,901,392 | ||
4,000 | Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed Bonds, Series 2017A-1, 5.000%, 6/01/21 | No Opt. Call | A | 4,235,240 | ||
2,990 | Mount San Antonio Community College District, Los Angeles County, California, General Obligation Bonds, Bond Anticipation Notes Series 2017, 0.000%, 4/01/22 | No Opt. Call | Aa1 | 2,886,247 | ||
7,465 | San Francisco Airports Commission, California, Revenue Bonds, San Francisco International Airport, Refunding Second Series 2017D, 5.000%, 5/01/23 (AMT) | No Opt. Call | A+ | 8,361,920 | ||
23,485 | Total California | 25,189,354 | ||||
Colorado – 6.0% | ||||||
1,400 | Adams and Arapahoe Counties Joint School District 28J, Aurora, Colorado, General Obligation Bonds, Series 2017A, 5.000%, 12/01/20 | No Opt. Call | Aa2 | 1,460,788 | ||
Bromley Park Metropolitan District No 2, In the City of Brighton, Adams and Weld Counties, Colorado, Senior General Obligation Limited Tax Refunding Bonds, Series 2018A: | ||||||
250 | 5.000%, 12/01/21 – BAM Insured | No Opt. Call | AA | 268,568 | ||
550 | 5.000%, 12/01/22 – BAM Insured | No Opt. Call | AA | 608,305 | ||
276 | Centerra Metropolitan District 1, Loveland, Colorado, Special Revenue Bonds, Refunding & Improvement Series 2017, 2.700%, 12/01/19, 144A | No Opt. Call | N/R | 276,257 | ||
470 | Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds, Vanguard School Project, Refunding & Improvement Series 2016, 4.000%, 6/15/20 | No Opt. Call | A+ | 478,375 | ||
1,685 | Colorado Educational and Cultural Facilities Authority, Revenue Bonds, Regis University Project, Refunding Series 2016, 5.000%, 10/01/19 | No Opt. Call | Baa2 | 1,685,000 | ||
1,200 | Colorado Health Facilities Authority, Colorado, Health Facilities Revenue Bonds, The Evangelical Lutheran Good Samaritan Society Project, Refunding Series 2017, 5.000%, 6/01/21 (ETM) | No Opt. Call | N/R (4) | 1,273,440 | ||
2,035 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Series 2009B-3, 1.875%, 7/01/39 | No Opt. Call | BBB+ | 2,035,814 | ||
2,070 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/25) | 2/25 at 100.00 | BBB+ | 2,407,037 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Colorado (continued) | ||||||
$ 1,000 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of Leavenworth Health Services Corporation, Refunding Composite Deal Series 2010B, 5.000%, 1/01/23 | 1/20 at 100.00 | AA- | $1,009,030 | ||
190 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Valley View Hospital Association, Series 2017A, 5.000%, 5/15/21 | No Opt. Call | A- | 199,907 | ||
2,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Series 2017A, 5.000%, 11/15/19 (AMT) | No Opt. Call | AA- | 2,008,420 | ||
1,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2013A, 5.000%, 11/15/22 (AMT) | No Opt. Call | A+ | 1,103,610 | ||
5,000 | Denver City and County, Colorado, Airport System Revenue Bonds, Subordinate Lien Series 2018A, 5.000%, 12/01/22 (AMT) | No Opt. Call | A+ | 5,525,150 | ||
1,000 | Denver Convention Center Hotel Authority, Colorado, Revenue Bonds, Convention Center Hotel, Refunding Senior Lien Series 2016, 4.000%, 12/01/21 | No Opt. Call | Baa2 | 1,039,790 | ||
100 | Eaton Area Park and Recreation District, Colorado, General Obligation Limited Tax Bonds, Series 2015, 5.000%, 12/01/19 | No Opt. Call | N/R | 100,473 | ||
750 | El Paso County School District 2, Harrison, Colorado, General Obligation Bonds, Series 2019, 5.000%, 12/01/20 | No Opt. Call | AA | 782,565 | ||
2,000 | Grand River Hospital District, Garfield and Mesa Counties, Colorado, General Obligation Bonds, Series 2018, 5.000%, 12/01/21 – AGM Insured | No Opt. Call | AA | 2,151,640 | ||
4,000 | Moffat County, Colorado, Pollution Control Revenue Bonds, Tri-State Generation and Transmission Association, Inc Project, Refunding Series 2009, 2.000%, 3/01/36 (Mandatory Put 10/03/22) | No Opt. Call | A | 4,002,240 | ||
1,060 | Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue Bonds, Refunding Series 2015A, 4.000%, 12/01/19 | No Opt. Call | A | 1,064,134 | ||
Pueblo Urban Renewal Authority, Colorado, State Sales Tax Increment Revenue Bonds, Regional Tourism Project, Series 2017: | ||||||
700 | 2.750%, 6/01/20 | No Opt. Call | N/R | 702,555 | ||
2,040 | 3.000%, 6/01/21 | No Opt. Call | N/R | 2,059,135 | ||
1,365 | University of Colorado Hospital Authority, Colorado, Revenue Bonds, Series 2017C-1, 4.000%, 11/15/47 | No Opt. Call | AA | 1,366,720 | ||
1,530 | Weld County School District RE1, Colorado, General Obligation Bonds, Series 2017, 5.000%, 12/15/20 | No Opt. Call | AA | 1,598,636 | ||
33,671 | Total Colorado | 35,207,589 | ||||
District of Columbia – 1.1% | ||||||
Metropolitan Washington DC Airports Authority, Airport System Revenue Bonds, Refunding Series 2017: | ||||||
2,475 | 5.000%, 10/01/20 (AMT) | No Opt. Call | AA- | 2,561,427 | ||
1,205 | 5.000%, 10/01/21 (AMT) | No Opt. Call | AA- | 1,288,663 | ||
2,175 | Washington Convention and Sports Authority, Washington DC, Dedicated Tax Revenue Bonds, Refunding Senior Lien Series 2018A, 5.000%, 10/01/22 | No Opt. Call | AA+ | 2,406,703 | ||
5,855 | Total District of Columbia | 6,256,793 | ||||
Florida – 2.5% | ||||||
1,450 | Broward County, Florida, Airport System Revenue Bonds, Refunding Series 2012P-1, 5.000%, 10/01/22 (AMT) | No Opt. Call | A+ | 1,598,611 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Florida (continued) | ||||||
$ 1,000 | Broward County, Florida, Airport System Revenue Bonds, Series 2015A, 5.000%, 10/01/23 (AMT) | No Opt. Call | A+ | $1,135,180 | ||
415 | Broward County, Florida, Airport System Revenue Bonds, Series 2017, 5.000%, 10/01/21 (AMT) | No Opt. Call | A+ | 443,643 | ||
750 | Broward County, Florida, Port Facilities Revenue Bonds, Series 2019B, 5.000%, 9/01/23 (AMT) | No Opt. Call | A1 | 849,353 | ||
3,100 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Series 2019A, 6.250%, 1/01/49 (Mandatory Put 1/01/24), 144A (AMT) | No Opt. Call | N/R | 2,890,750 | ||
1,500 | Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Refunding Priority Subordinated Series 2016, 5.000%, 10/01/21 (AMT) | No Opt. Call | A+ | 1,602,300 | ||
1,285 | Greater Orlando Aviation Authority, Florida, Orlando Airport Facilities Revenue Bonds, Refunding Series 2015A, 5.000%, 10/01/21 (AMT) | No Opt. Call | AA- | 1,375,798 | ||
1,750 | Hillsborough County Aviation Authority, Florida, Revenue Bonds, Tampa International Airport, Series 2018E, 5.000%, 10/01/22 (AMT) | No Opt. Call | AA- | 1,930,442 | ||
1,035 | Miami Health Facilities Authority, Florida, Health Facilities Revenue Bonds, Miami Jewish Health System Inc Project, Series 2017, 5.000%, 7/01/22 | No Opt. Call | BBB | 1,111,528 | ||
1,000 | South Broward Hospital District, Florida, Hospital Revenue Bonds, Refunding Series 2015, 5.000%, 5/01/21 | No Opt. Call | AA | 1,056,230 | ||
860 | South Miami Health Facilities Authority, Florida, Hospital Revenue Bonds, Baptist Health Systems of South Florida Obligated Group, Series 2017, 5.000%, 8/15/21 | No Opt. Call | AA- | 917,577 | ||
14,145 | Total Florida | 14,911,412 | ||||
Georgia – 2.0% | ||||||
1,500 | Atlanta, Georgia, Tax Allocation Bonds, Beltline Project, Series 2016D, 5.000%, 1/01/21 | No Opt. Call | A2 | 1,562,685 | ||
515 | La Grange-Troup County Hospital Authority, Georgia, Revenue Anticipation Certificates, Wellstar Health System, Inc, Series 2017A, 5.000%, 4/01/20 | No Opt. Call | A | 524,157 | ||
Liberty County Industrial Authority, Georgia, Revenue Bonds, Series 2014: | ||||||
438 | 5.500%, 7/15/23 | 7/21 at 100.00 | N/R | 440,479 | ||
1,035 | 5.500%, 7/15/30 | 7/21 at 100.00 | N/R | 1,040,196 | ||
1,136 | 5.500%, 1/15/36 | 7/21 at 100.00 | N/R | 1,142,147 | ||
2,470 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2018A, 4.000%, 9/01/22 | No Opt. Call | Aa2 | 2,643,888 | ||
1,000 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019A, 5.000%, 5/15/21 | No Opt. Call | A3 | 1,051,720 | ||
3,055 | Main Street Natural Gas Inc, Georgia, Gas Supply Revenue Bonds, Series 2019B, 4.000%, 8/01/49 (Mandatory Put 12/02/24) | No Opt. Call | Aa1 | 3,440,969 | ||
11,149 | Total Georgia | 11,846,241 | ||||
Idaho – 0.3% | ||||||
1,710 | Idaho Health Facilities Authority, Revenue Bonds, Madison Memorial Hospital Project, Refunding Series 2016, 5.000%, 9/01/22 | No Opt. Call | BB+ | 1,841,362 | ||
Illinois – 4.9% | ||||||
400 | Board of Regents of Illinois State University, Auxiliary Facilities System Revenue Bonds, Series 2018A, 5.000%, 4/01/22 – AGM Insured | No Opt. Call | AA | 428,492 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Illinois (continued) | ||||||
$ 3,000 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2017E, 5.000%, 12/01/21 | No Opt. Call | BB | $3,181,290 | ||
425 | Chicago Board of Education, Illinois, General Obligation Bonds, Dedicated Revenues, Refunding Series 2019A, 0.000%, 12/01/25 | No Opt. Call | BB | 356,579 | ||
660 | Chicago Board of Education, Illinois, Unlimited Tax General Obligation Bonds, Dedicated Tax Revenues, Series 1998B-1, 0.000%, 12/01/20 – FGIC Insured | No Opt. Call | Baa2 | 641,144 | ||
2,000 | Chicago Transit Authority, Illinois, Capital Grant Receipts Revenue Bonds, Federal Transit Administration Section 5337 State of Good Repair Formula Funds, Refunding Series 2017, 5.000%, 6/01/20 | No Opt. Call | A+ | 2,043,200 | ||
5,000 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Refunding Series 2012A, 5.000%, 1/01/20 (AMT) | No Opt. Call | A | 5,042,750 | ||
475 | Chicago, Illinois, General Airport Revenue Bonds, O'Hare International Airport, Senior Lien Series 2015B, 5.000%, 1/01/20 | No Opt. Call | A | 479,242 | ||
1,200 | Cook County, Illinois, General Obligation Bonds, Refunding Series 2018, 5.000%, 11/15/21 | No Opt. Call | AA- | 1,284,588 | ||
100 | Illinois Finance Authority, Charter School Revenue Bonds, Intrinsic Charter Schools Belmont School Project, Series 2015A, 4.500%, 12/01/20, 144A | No Opt. Call | N/R | 100,876 | ||
500 | Illinois Finance Authority, Revenue Bonds, Benedictine University Project, Series 2013A, 5.000%, 10/01/19 | No Opt. Call | BBB | 500,000 | ||
1,095 | Illinois Finance Authority, Revenue Bonds, OSF Healthcare System, Series 2015A, 5.000%, 11/15/20 | No Opt. Call | A | 1,137,869 | ||
5,375 | Illinois State, General Obligation Bonds, February Series 2014, 5.000%, 2/01/21 | No Opt. Call | BBB | 5,575,434 | ||
3,100 | Illinois State, General Obligation Bonds, November Series 2017D, 5.000%, 11/01/23 | No Opt. Call | BBB | 3,394,562 | ||
280 | Illinois State, Sales Tax Revenue Bonds, Build Illinois Series 2010, 5.000%, 6/15/20 | No Opt. Call | A- | 285,925 | ||
1,250 | Illinois Toll Highway Authority, Toll Highway Revenue Bonds, Refunding Senior Lien Series 2018A, 5.000%, 1/01/22 | No Opt. Call | AA- | 1,348,362 | ||
2,750 | Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series 2017, 5.000%, 6/01/22 | No Opt. Call | A | 2,994,365 | ||
27,610 | Total Illinois | 28,794,678 | ||||
Indiana – 0.8% | ||||||
1,500 | Franklin, Indiana, Economic Development Revenue Bonds, Otterbein Homes Obligated Group, Series 2019B, 5.000%, 7/01/24 | No Opt. Call | A | 1,724,025 | ||
2,810 | Rockport, Indiana, Pollution Control Revenue Refunding Bonds, Indiana Michigan Power Company Project, Series 2008D, 2.050%, 4/01/25 (Mandatory Put 6/01/21) | No Opt. Call | A- | 2,830,710 | ||
4,310 | Total Indiana | 4,554,735 | ||||
Iowa – 0.7% | ||||||
2,770 | Iowa Finance Authority, Healthcare Revenue Bonds, Gensisi Health System, Refunding Series 2010, 5.000%, 7/01/20 | No Opt. Call | A1 | 2,840,857 | ||
500 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Refunding Series 2019, 3.125%, 12/01/22 | 12/20 at 103.00 | B+ | 507,300 | ||
125 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2016, 5.875%, 12/01/27, 144A | 10/19 at 105.00 | B+ | 131,411 | ||
145 | Iowa Finance Authority, Iowa, Midwestern Disaster Area Revenue Bonds, Iowa Fertilizer Company Project, Series 2018B, 5.250%, 12/01/50 (Mandatory Put 12/01/37) | 12/27 at 105.00 | B+ | 157,319 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Iowa (continued) | ||||||
$ 700 | Xenia Rural Water District, Iowa, Water Revenue Bonds, Refunding Capital Loan Note Series 2016, 3.000%, 12/01/19 | No Opt. Call | BBB+ | $ 701,169 | ||
4,240 | Total Iowa | 4,338,056 | ||||
Kansas – 0.2% | ||||||
Kansas Municipal Energy Agency, Power Project Revenue Bonds, Dogwood Project, Series 2018A: | ||||||
500 | 5.000%, 4/01/22 – BAM Insured | No Opt. Call | AA | 544,160 | ||
500 | 5.000%, 4/01/23 – BAM Insured | No Opt. Call | AA | 561,285 | ||
1,000 | Total Kansas | 1,105,445 | ||||
Kentucky – 3.8% | ||||||
10,000 | Louisville and Jefferson County Metropolitan Sewer District, Kentucky, Sewer and Drainage System Revenue Bonds, Refunding Series 2016C, 5.000%, 5/15/20 | No Opt. Call | AA | 10,228,600 | ||
3,785 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018B, 4.000%, 1/01/49 (Mandatory Put 1/01/25) | No Opt. Call | A1 | 4,184,848 | ||
4,000 | Public Energy Authority of Kentucky, Gas Supply Revenue Bonds, Series 2018C-1, 4.000%, 12/01/49 (Mandatory Put 6/01/25) | No Opt. Call | A | 4,426,400 | ||
3,135 | Trimble County, Kentucky, Pollution Control Revenue Bonds, Louisville Gas and Electric Company Project, Series 2002A, 2.300%, 9/01/26 (Mandatory Put 9/01/21) | No Opt. Call | A1 | 3,185,285 | ||
20,920 | Total Kentucky | 22,025,133 | ||||
Louisiana – 1.3% | ||||||
505 | Louisiana Citizens Property Insurance Corporation, Assessment Revenue Bonds, Refunding Series 2015, 5.000%, 6/01/20 | No Opt. Call | A1 | 516,756 | ||
2,400 | Louisiana Offshore Terminal Authority, Deepwater Port Revenue Bonds, LOOP Inc Project, Series 2010B-1A, 2.000%, 10/01/40 (Mandatory Put 10/01/22) | No Opt. Call | BBB+ | 2,423,208 | ||
2,250 | Louisiana Stadium and Exposition District, Revenue Refunding Bonds, Senior Lien Series 2013A, 5.000%, 7/01/20 | No Opt. Call | AA- | 2,309,783 | ||
2,465 | Saint John the Baptist Parish, Louisiana, Revenue Bonds, Marathon Oil Corporation Project, Refunding Series 2017A-1, 2.000%, 6/01/37 (Mandatory Put 4/01/23) (WI/DD, Settling on 10/01/19) | No Opt. Call | BBB | 2,471,779 | ||
7,620 | Total Louisiana | 7,721,526 | ||||
Massachusetts – 0.8% | ||||||
715 | Massachusetts Development Finance Agency, Revenue Bonds, UMass Memorial Health Care, Series 2016I, 5.000%, 7/01/21 | No Opt. Call | A- | 756,413 | ||
Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Issue K, Series 2017A: | ||||||
375 | 4.000%, 7/01/20 (AMT) | No Opt. Call | AA | 381,904 | ||
1,000 | 4.000%, 7/01/21 (AMT) | No Opt. Call | AA | 1,042,530 | ||
1,000 | Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Refunding Series 2019B, 5.000%, 7/01/23 (AMT) | No Opt. Call | AA | 1,122,000 | ||
1,550 | Massachusetts Educational Financing Authority, Education Loan Revenue Bonds, Series 2016J, 4.000%, 7/01/20 (AMT) | No Opt. Call | AA | 1,578,535 | ||
4,640 | Total Massachusetts | 4,881,382 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Michigan – 1.8% | ||||||
$ 1,705 | Michigan Finance Authority, Michigan, Revenue Bonds, Trinity Health Credit Group, Refunding Series 2017A-MI, 5.000%, 12/01/22 | No Opt. Call | AA- | $1,894,698 | ||
1,715 | Michigan Finance Authority, Revenue Bonds, Ascension Senior Credit Group, Refunding Series 2016E-1, 4.000%, 11/15/44 (Mandatory Put 8/15/24) | No Opt. Call | AA+ | 1,912,877 | ||
3,000 | Michigan Finance Authority, State Aid Revenue Notes, Series 2019A-1, 4.000%, 8/20/20 | No Opt. Call | N/R | 3,070,290 | ||
1,440 | Michigan State Hospital Finance Authority, Revenue Bonds, McLaren Health Care Corporation, Refunding Series 2012A, 5.000%, 6/01/24 | 6/22 at 100.00 | AA- | 1,572,696 | ||
1,000 | Michigan State, Grant Anticipation Bonds, Refunding Federal Highway Series 2016, 5.000%, 3/15/21 | No Opt. Call | AA | 1,053,370 | ||
1,000 | Royal Oak Hospital Finance Authority, Michigan, Hospital Revenue Bonds, William Beaumont Hospital Obligated Group, Refunding Series 2014D, 5.000%, 9/01/23 | No Opt. Call | A+ | 1,137,780 | ||
9,860 | Total Michigan | 10,641,711 | ||||
Minnesota – 11.0% | ||||||
240 | Baytown Township, Minnesota Charter School Lease Revenue Bonds, Saint Croix Preparatory Academy, Refunding Series 2016A, 3.000%, 8/01/22 | No Opt. Call | BB+ | 242,074 | ||
380 | Brainerd, Minnesota, Electric Utility Revenue Bonds, Series 2014A, 3.000%, 12/01/20 – AGM Insured | No Opt. Call | AA | 387,167 | ||
745 | Chippewa County, Minnesota, Gross Revenue Hospital Bonds, Montevideo Hospital Project, Refunding Series 2016, 3.000%, 3/01/20 | No Opt. Call | N/R | 746,967 | ||
1,415 | City of Red Wing, Minnesota, General Obligation Bonds, Series 2018A, 5.000%, 2/01/23 | No Opt. Call | Aa2 | 1,585,833 | ||
805 | Dakota County Community Development Agency, Minnesota, Senior Housing Revenue Bonds, Walker Highview Hills LLC Project, Refunding Series 2016A, 2.500%, 8/01/21, 144A | No Opt. Call | N/R | 805,249 | ||
440 | Deephaven, Minnesota, Charter School Lease Revenue Bonds, Eagle Ridge Academy Project, Series 2016A, 4.000%, 7/01/21 | No Opt. Call | BB+ | 451,581 | ||
Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019B: | ||||||
645 | 5.000%, 2/01/22 | No Opt. Call | Aa2 | 694,981 | ||
755 | 5.000%, 2/01/23 | No Opt. Call | Aa2 | 837,280 | ||
Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Full Term Series 2019C: | ||||||
255 | 5.000%, 2/01/21 | No Opt. Call | Aa2 | 266,363 | ||
280 | 5.000%, 2/01/23 | No Opt. Call | Aa2 | 310,514 | ||
1,200 | Duluth Independent School District 709, Minnesota, Certificates of Participation, Refunding Series 2016A, 3.000%, 2/01/20 | No Opt. Call | Aa2 | 1,205,412 | ||
2,115 | Elk River Independent School District 728, Minnesota, General Obligation Bonds, Refunding School Building Series 2016A, 5.000%, 2/01/23 | No Opt. Call | Aa2 | 2,369,604 | ||
1,130 | Forest Lake, Minnesota, Charter School Lease Revenue Bonds, Lakes International Language Academy, Series 2019A, 4.375%, 8/01/29 | 8/27 at 102.00 | BB+ | 1,233,960 | ||
1,470 | Ham Lake, Minnesota Charter School Lease Revenue Bonds, Parnassus Preparatory School Project, Series 2016A, 3.000%, 11/01/21 | No Opt. Call | BB | 1,468,501 | ||
385 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Twin Cities International Schools Project, Series 2017A, 3.750%, 12/01/22, 144A | No Opt. Call | N/R | 388,192 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
$ 500 | Minneapolis, Minnesota, Charter School Lease Revenue Bonds, Yinghua Academy Project, Series 2013A, 6.000%, 7/01/33 | 7/23 at 100.00 | BB+ | $548,115 | ||
605 | Minneapolis, Minnesota, Tax Increment Revenue Bonds, Village at St Anthony Falls Project, Refunding Series 2015, 3.000%, 3/01/20 | No Opt. Call | N/R | 606,646 | ||
1,000 | Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Refunding Subordinate Lien Series 2014B, 5.000%, 1/01/25 (AMT) | 1/24 at 100.00 | A+ | 1,139,250 | ||
Minneapolis-St Paul Metropolitan Airports Commission, Minnesota, Airport Revenue Bonds, Senior Lien Series 2016C: | ||||||
350 | 4.000%, 1/01/20 | No Opt. Call | AA- | 352,380 | ||
200 | 4.000%, 1/01/21 | No Opt. Call | AA- | 206,884 | ||
475 | Minnesota Higher Education Facilities Authority, Revenue Bonds, College of St Benedict, Series 2016-8K, 3.000%, 3/01/20 | No Opt. Call | Baa1 | 477,527 | ||
1,250 | Minnesota Housing Finance Agency, Rental Housing Revenue Bonds, Series 2019A, 2.000%, 8/01/20 | 2/20 at 100.00 | AA+ | 1,251,825 | ||
1,090 | Minnesota Housing Finance Agency, Residential Housing Finance Bonds, Series 2017A, 1.700%, 1/01/21 (AMT) | No Opt. Call | AA+ | 1,089,400 | ||
Minnesota Office of Higher Education, Supplemental Student Loan Program Revenue Bonds, Senior Series 2018: | ||||||
500 | 5.000%, 11/01/22 (AMT) | No Opt. Call | AA | 547,390 | ||
400 | 5.000%, 11/01/23 (AMT) | No Opt. Call | AA | 448,232 | ||
2,210 | Minnesota Public Facilities Authority, State Clean Water Revolving Fund Revenue Bonds, Series 2010C, 5.000%, 3/01/21 (Pre-refunded 3/01/20) | 3/20 at 100.00 | AAA | 2,244,343 | ||
4,695 | Minnesota State, General Obligation Bonds, Refunding Various Purpose Series 2016D, 5.000%, 8/01/22 | No Opt. Call | AAA | 5,185,815 | ||
2,210 | Minnesota State, General Obligation Bonds, Various Purpose Series 2013A, 5.000%, 8/01/21 | No Opt. Call | AAA | 2,360,324 | ||
2,020 | Moorhead, Minnesota, Educational Facilities Revenue Bonds, The Concordia College Corporation Project, Series 2016, 5.000%, 12/01/19 | No Opt. Call | Baa1 | 2,029,999 | ||
Morris, Minnesota, Health Care Facilities Revenue Bonds, Farmington Health Services Project, Refunding Series 2019: | ||||||
100 | 2.550%, 8/01/20 | No Opt. Call | N/R | 100,041 | ||
100 | 2.700%, 8/01/21 | No Opt. Call | N/R | 100,107 | ||
720 | North Oaks, Minnesota, Senior Housing Revenue Bonds, Waverly Gardens Project, Refunding Series 2016, 4.000%, 10/01/23 | No Opt. Call | N/R | 771,329 | ||
2,500 | Northern Municipal Power Agency, Minnesota, Electric System Revenue Bonds, Series 2017, 5.000%, 1/01/21 | No Opt. Call | A- | 2,613,375 | ||
9,480 | Rochester, Minnesota, Health Care Facilities Revenue Bonds, Mayo Clinic, Series 2011, 4.500%, 11/15/38 (Mandatory Put 11/15/21) | No Opt. Call | AA | 10,085,677 | ||
295 | Saint Cloud, Minnesota, Charter School Lease Revenue Bonds, Stride Academy Project, Series 2016A, 3.000%, 4/01/21 | No Opt. Call | N/R | 200,600 | ||
2,250 | Saint Cloud, Minnesota, Health Care Revenue Bonds, CentraCare Health System, Refunding Series 2014B, 5.000%, 5/01/23 | No Opt. Call | AA- | 2,526,210 | ||
95 | Saint Paul Housing & Redevelopment Authority, Minnesota, Charter School Lease Revenue Bonds, Community of Peace Academy Project, Refunding Series 2015A, 2.750%, 12/01/20 | No Opt. Call | BBB- | 95,449 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Minnesota (continued) | ||||||
Saint Paul Park, Minnesota, Senior Housing and Health Care Revenue Bonds, Presbyterian Homes Bloomington Project, Refunding Series 2017: | ||||||
$ 820 | 3.000%, 9/01/20 | No Opt. Call | N/R | $828,946 | ||
500 | 3.000%, 9/01/21 | No Opt. Call | N/R | 510,000 | ||
500 | 3.000%, 9/01/22 | No Opt. Call | N/R | 513,505 | ||
315 | Sartell, Minnesota, Health Care Facilities Revenue Bonds, Country Manor Campus LLC Project, Refunding Series 2017, 3.000%, 9/01/22 | No Opt. Call | N/R | 320,582 | ||
3,515 | Sauk Rapids Independent School District 047, Benton County, Minnesota, General Obligation Bonds, Refunding School Building Series 2015A, 5.000%, 2/01/23 | No Opt. Call | AAA | 3,944,287 | ||
120 | Savage, Minnesota Charter School Lease Revenue Bonds, Aspen Academy Project, Series 2016A, 3.625%, 10/01/21 | No Opt. Call | N/R | 119,304 | ||
6,790 | South Washington County Independent School District 833, Minnesota, General Obligation Bonds, Refunding School Building Series 2018B, 5.000%, 2/01/22 | No Opt. Call | Aa2 | 7,368,236 | ||
1,330 | St Paul Housing and Redevelopment Authority, Minnesota, Hospital Revenue Bonds, HealthEast Inc, Series 2015A, 5.000%, 11/15/19 (ETM) | No Opt. Call | N/R (4) | 1,335,799 | ||
Wayzata, Minnesota Senior Housing Revenue Bonds, Folkestone Senior Living Community, Refunding Series 2019: | ||||||
350 | 3.000%, 8/01/22 | No Opt. Call | N/R | 361,046 | ||
300 | 3.000%, 8/01/23 | No Opt. Call | N/R | 311,454 | ||
400 | 3.000%, 8/01/24 | No Opt. Call | N/R | 416,824 | ||
400 | 3.000%, 8/01/25 | 8/24 at 102.00 | N/R | 417,192 | ||
60,645 | Total Minnesota | 64,421,771 | ||||
Missouri – 3.9% | ||||||
1,000 | Arnold Retail Corridor Transportation Development District, Missouri, Sales Tax Revenue Bonds, Refunding Series 2019, 3.000%, 11/01/28 (WI/DD, Settling on 10/01/19) | 11/24 at 100.00 | N/R | 1,003,270 | ||
100 | Belton School District 124, Cass County, Missouri, Certificates of Participation, Missouri School Boards Association, Series 2019, 4.000%, 1/15/22 – AGM Insured | No Opt. Call | AA | 105,460 | ||
1,375 | Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Saint Francis Medical Center, Series 2013A, 5.000%, 6/01/23 | 6/22 at 100.00 | AA | 1,501,335 | ||
400 | Cape Girardeau County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Southeasthealth, Series 2017A, 5.000%, 3/01/21 | No Opt. Call | BBB- | 416,296 | ||
555 | Chesterfield Valley Transportation Development District, Missouri, Transportation Sales Tax Revenue Bonds, Series 2015, 3.250%, 5/15/28 | 5/23 at 100.00 | A- | 575,135 | ||
1,000 | Clay County Reorganized School District R-1, Kearney, Missouri, General Obligation Bonds, School Building Series 2017, 5.000%, 3/01/22 | No Opt. Call | AA+ | 1,087,160 | ||
290 | Hanley/Eager Road Transportation Development District, Missouri, Revenue Bonds, Refunding Series 2016A, 2.375%, 3/01/21 | No Opt. Call | N/R | 291,305 | ||
1,250 | Kansas City, Missouri, Water Revenue Bonds, Refunding Series 2019A, 5.000%, 12/01/22 | No Opt. Call | AA+ | 1,394,013 | ||
1,000 | Missouri Environmental Improvement and Energy Resources Authority, Revenue Bonds, Union Electric Company Project, Series 1998B, 2.900%, 9/01/33 | 7/27 at 102.00 | A | 1,024,350 | ||
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds, Southeast Missouri State University, Refunding Series 2019: | ||||||
200 | 5.000%, 10/01/23 | No Opt. Call | A | 226,204 | ||
505 | 5.000%, 10/01/24 | No Opt. Call | A | 584,962 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Missouri (continued) | ||||||
$ 1,000 | Missouri Health and Educational Facilities Authority, Revenue Bonds, Lutheran Senior Services Projects, Series 2016B, 4.000%, 2/01/20 | No Opt. Call | BBB | $1,007,160 | ||
Plaza at Noah's Ark Community Improvement District, Saint Charles, Missouri, Tax Increment and Improvement District Revenue Bonds, Series 2015: | ||||||
500 | 3.000%, 5/01/20 | No Opt. Call | N/R | 501,165 | ||
300 | 3.250%, 5/01/21 | No Opt. Call | N/R | 302,778 | ||
1,000 | Saint Charles County Public Water Supply District 2, Missouri, Certificates of Participation, Refudning Series 2016B, 5.000%, 12/01/21 | No Opt. Call | AA+ | 1,077,830 | ||
Saint Louis County Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Ranken-Jordan Project, Refunding & Improvement Series 2016: | ||||||
640 | 4.000%, 11/15/20 | No Opt. Call | N/R | 653,875 | ||
725 | 5.000%, 11/15/24 | No Opt. Call | N/R | 821,635 | ||
630 | 5.000%, 11/15/26 | 11/25 at 100.00 | N/R | 725,401 | ||
5,055 | Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2017A, 5.000%, 7/01/22 – AGM Insured | No Opt. Call | AA | 5,555,192 | ||
2,425 | Saint Louis, Missouri, Airport Revenue Bonds, Lambert-St Louis International Airport, Refunding Series 2017B, 4.000%, 7/01/20 – AGM Insured (AMT) | No Opt. Call | AA | 2,469,644 | ||
1,745 | Springfield, Missouri, Special Obligation Bonds, Refunding Series 2017B, 5.000%, 7/01/21 (AMT) | No Opt. Call | Aa2 | 1,842,127 | ||
21,695 | Total Missouri | 23,166,297 | ||||
Nebraska – 0.9% | ||||||
690 | Central Plains Energy Project, Nebraska, Gas Project 1 Revenue Bonds, Series 2007A, 5.250%, 12/01/21 | No Opt. Call | A | 740,922 | ||
1,685 | Douglas County Hospital Authority 3, Nebraska, Health Facilities Revenue Bonds, Nebraska Methodist Health System, Refunding Series 2015, 5.000%, 11/01/21 | No Opt. Call | A | 1,803,978 | ||
Madison County Hospital Authority 1, Nebraska, Hospital Revenue Bonds, Faith Regional Health Services Project, Refunding Series 2017A: | ||||||
1,000 | 4.000%, 7/01/20 | No Opt. Call | BBB | 1,015,930 | ||
1,555 | 5.000%, 7/01/22 | No Opt. Call | BBB | 1,683,832 | ||
4,930 | Total Nebraska | 5,244,662 | ||||
Nevada – 2.0% | ||||||
3,000 | Clark County, Nevada, Airport Revenue Bonds, Junior Subordinate Lien Notes Series 2017C, 5.000%, 7/01/21 (AMT) | No Opt. Call | A+ | 3,184,080 | ||
2,000 | Clark County, Nevada, Passenger Facility Charge Revenue Bonds, Las Vegas-McCarran International Airport, Refunding Series 2017B, 5.000%, 7/01/20 (AMT) | No Opt. Call | Aa3 | 2,053,300 | ||
Henderson, Nevada, Limited Obligation Bonds, Local Improvement District T-18 Inspirada, Refunding Series 2016: | ||||||
1,890 | 4.000%, 9/01/20 | No Opt. Call | N/R | 1,921,960 | ||
290 | 2.000%, 9/01/21 | No Opt. Call | N/R | 288,756 | ||
1,410 | Las Vegas Valley Water District, Nevada, General Obligation Bonds, Refunding Series 2011C, 5.000%, 6/01/22 | 6/21 at 100.00 | AA+ | 1,496,659 | ||
1,080 | Las Vegas, Nevada, Local Improvement Bonds, Special Improvement District 812 Summerlin Village 24, Series 2015, 3.500%, 12/01/19 | No Opt. Call | N/R | 1,082,333 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Nevada (continued) | ||||||
$ 1,790 | Nevada State, General Obligation Bonds, Capital Improvement & Refunding Series 2015E, 5.000%, 2/01/21 | No Opt. Call | AA+ | $ 1,878,515 | ||
11,460 | Total Nevada | 11,905,603 | ||||
New Jersey – 6.2% | ||||||
1,330 | Lacey Township School District, Ocean County, New Jersey, General Obligation Bonds, Refunding Series 2016, 5.000%, 4/01/21 – BAM Insured | No Opt. Call | AA | 1,401,913 | ||
7,000 | New Jersey Economic Development Authority, Revenue Bonds, Motor Vehicle Surcharge, Refunding Series 2017A, 5.000%, 7/01/23 – BAM Insured | No Opt. Call | AA | 7,799,960 | ||
New Jersey Higher Education Assistance Authority, Senior Student Loan Revenue Bonds, Refunding Series 2018B: | ||||||
1,000 | 5.000%, 12/01/20 (AMT) | No Opt. Call | Aaa | 1,039,670 | ||
2,500 | 5.000%, 12/01/21 (AMT) | No Opt. Call | Aaa | 2,679,575 | ||
6,500 | 5.000%, 12/01/22 (AMT) | No Opt. Call | Aaa | 7,159,425 | ||
4,365 | New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2016A-1, 5.000%, 6/15/20 | No Opt. Call | A+ | 4,469,760 | ||
New Jersey Transportation Trust Fund Authority, Federal Highway Reimbursement Revenue Notes, Series 2018A: | ||||||
1,335 | 5.000%, 6/15/22 | No Opt. Call | A+ | 1,453,828 | ||
3,000 | 5.000%, 6/15/23 | No Opt. Call | A+ | 3,352,680 | ||
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds, Series 2018A: | ||||||
5,000 | 5.000%, 6/01/21 | No Opt. Call | A | 5,285,250 | ||
1,685 | 5.000%, 6/01/23 | No Opt. Call | A | 1,885,583 | ||
33,715 | Total New Jersey | 36,527,644 | ||||
New Mexico – 0.7% | ||||||
Santa Fe County, New Mexico, Gross Receipts Tax Revenue Bonds, Capital Outlay Series 2017: | ||||||
1,615 | 5.000%, 6/01/21 | No Opt. Call | AA+ | 1,715,227 | ||
2,110 | 5.000%, 6/01/22 | No Opt. Call | AA+ | 2,313,741 | ||
3,725 | Total New Mexico | 4,028,968 | ||||
New York – 5.7% | ||||||
1,770 | Chautauqua County Capital Resource Corporation, New York, Multi-Mode Revenue Bonds, Jamestown Center City Development Corporation Project, Guaranteed by the Gebbie Foundation, Series 2013B, 1.500%, 11/01/31 (Mandatory Put 5/01/20) | No Opt. Call | AA- | 1,769,292 | ||
14,030 | Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2016A Groups A,B&C, 5.000%, 3/15/22 | No Opt. Call | AA+ | 15,304,485 | ||
1,765 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, New York State Electric and Gas Corporation, Series 1994B, 2.000%, 2/01/29 (Mandatory Put 5/01/20) | No Opt. Call | A- | 1,769,871 | ||
3,000 | New York State Energy Research and Development Authority, Pollution Control Revenue Bonds, Rochester Gas and Electric Corporation, Series 2004C, 2.625%, 4/01/34 (Mandatory Put 7/03/23) | No Opt. Call | A- | 3,107,160 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
New York (continued) | ||||||
$ 3,985 | New York Transportation Development Corporation, New York, Special Facility Revenue Bonds, American Airlines, Inc John F Kennedy International Airport Project, Refunding Series 2016, 5.000%, 8/01/20 (AMT) | No Opt. Call | BB | $4,081,557 | ||
1,210 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Eighty-Fifth Series 2014, 5.000%, 9/01/23 (AMT) | No Opt. Call | AA- | 1,371,281 | ||
5,000 | Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Ninety-Seventh Series 2016, 5.000%, 11/15/19 (AMT) | No Opt. Call | AA- | 5,021,800 | ||
1,225 | TSASC Inc, New York, Tobacco Settlement Asset-Backed Bonds, Fiscal 2017 Series A, 5.000%, 6/01/20 | No Opt. Call | A | 1,254,094 | ||
31,985 | Total New York | 33,679,540 | ||||
North Carolina – 0.5% | ||||||
1,745 | North Carolina Central University, General Revenue Bonds, Refunding Series 2016, 5.000%, 10/01/23 | No Opt. Call | A3 | 1,966,423 | ||
700 | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Southminster Project, Refunding Series 2016, 4.000%, 10/01/19 | No Opt. Call | N/R | 700,000 | ||
2,445 | Total North Carolina | 2,666,423 | ||||
North Dakota – 0.7% | ||||||
815 | Grand Forks, North Dakota, Health Care System Revenue Bonds, Altru Health System Obligated Group, Series 2017A, 5.000%, 12/01/19 | No Opt. Call | A- | 819,409 | ||
Grand Forks, North Dakota, Senior Housing and Nursing Facilities Revenue Bonds, Valley Homes Obligated Group, Series 2016A: | ||||||
575 | 4.000%, 12/01/19 | No Opt. Call | N/R | 576,708 | ||
630 | 4.500%, 12/01/20 | No Opt. Call | N/R | 642,525 | ||
585 | 4.750%, 12/01/21 | No Opt. Call | N/R | 607,645 | ||
1,245 | 5.000%, 12/01/22 | No Opt. Call | N/R | 1,321,505 | ||
3,850 | Total North Dakota | 3,967,792 | ||||
Ohio – 1.9% | ||||||
1,000 | Akron, Bath and Copley Joint Township Hospital District, Ohio, Hospital Facilities Revenue Bonds, Summa Health System, Refunding & Improvement Series 2016, 5.000%, 11/15/19 | No Opt. Call | A- | 1,003,900 | ||
845 | Butler County, Ohio, Hospital Facilities Revenue Bonds, UC Health, Refunding Series 2017, 4.000%, 11/15/22 | No Opt. Call | A | 909,609 | ||
850 | Cleveland, Ohio, Airport System Revenue Bonds, Series 2019B, 5.000%, 1/01/22 (AMT) (WI/DD, Settling on 10/01/19) | No Opt. Call | A- | 914,336 | ||
685 | Ohio Air Quality Development Authority, Ohio, Pollution Control Revenue Bonds, FirstEnergy Generation Project, Refunding Series 2006A, 3.750%, 12/01/23 (5) | No Opt. Call | N/R | 566,838 | ||
2,310 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018C, 5.000%, 1/15/42 (Mandatory Put 9/15/21) | No Opt. Call | A | 2,463,153 | ||
4,000 | Ohio State, Hospital Revenue Bonds, University Hospitals Health System, Inc, Series 2018D, 5.000%, 1/15/39 (Mandatory Put 9/15/23) | No Opt. Call | A | 4,513,600 | ||
500 | Warren County, Ohio, Healthcare Facilities Revenue Bonds, Otterbein Homes Obligated Group, Refunding Series 2019A, 4.000%, 7/01/20 | No Opt. Call | A | 509,355 | ||
10,190 | Total Ohio | 10,880,791 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Oklahoma – 0.6% | ||||||
$ 1,005 | Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Moore Public Schools Project, Series 2016, 5.000%, 6/01/20 | No Opt. Call | A+ | $1,029,010 | ||
1,065 | Cleveland County Educational Facilities Authority, Oklahoma, Educational Facilities Lease Revenue Bonds, Norman Public Schools Project, Series 2019, 5.000%, 6/01/24 | No Opt. Call | A+ | 1,230,735 | ||
425 | Oklahoma Development Finance Authority, Health System Revenue Bonds, OU Medicine Project, Series 2018B, 5.000%, 8/15/22 | No Opt. Call | Baa3 | 461,363 | ||
1,000 | Tulsa Airports Improvement Trust, Oklahoma, General Airport Revenue Bonds, Refunding Series 2015B, 5.000%, 6/01/20 – BAM Insured | No Opt. Call | AA | 1,022,480 | ||
3,495 | Total Oklahoma | 3,743,588 | ||||
Oregon – 0.9% | ||||||
4,620 | Oregon Business Development Commission, Economic Development Revenue Bonds, Intel Corporation Project, 250 Series 2019, 5.000%, 3/01/49 (Mandatory Put 3/01/22) (AMT) | No Opt. Call | A+ | 4,993,989 | ||
Pennsylvania – 1.9% | ||||||
1,000 | Allegheny County Hospital Development Authority, Pennsylvania, Revenue Bonds, Allegheny Health Network Obligated Group Issue, Series 2018A, 5.000%, 4/01/22 | No Opt. Call | A | 1,082,670 | ||
800 | Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical Center Project, Series 2018A, 5.000%, 11/15/21 | No Opt. Call | AA- | 857,696 | ||
1,000 | Commonwealth Financing Authority, Pennsylvania, State Appropriation Lease Bonds, Master Settlement, Series 2018, 5.000%, 6/01/22 | No Opt. Call | A1 | 1,088,040 | ||
5,045 | Pennsylvania Turnpike Commission, Turnpike Revenue Bonds, Refunding Subordinate Series 2016, 5.000%, 6/01/21 | No Opt. Call | A3 | 5,340,839 | ||
400 | Philadelphia, Pennsylvania, Airport Revenue Bonds, Refunding Series 2017A, 5.000%, 7/01/22 | No Opt. Call | A | 439,808 | ||
1,515 | Pittsburgh Public Parking Authority, Pennsylvania, Parking System Revenue Bonds, Refunding Series 2015A, 5.000%, 12/01/19 | No Opt. Call | A+ | 1,523,575 | ||
1,000 | The Hospitals and Higher Education Facilities Authority of Philadelphia, Pennsylvania, Hospital Revenue Bonds, Temple University Health System Obligated Group, Series of 2017, 5.000%, 7/01/20 | No Opt. Call | BBB- | 1,022,340 | ||
10,760 | Total Pennsylvania | 11,354,968 | ||||
Rhode Island – 0.3% | ||||||
375 | Rhode Island Health and Educational Building Corporation, Higher Education Facility Revenue Bonds, University of Rhode Island Auxiliary Enterprise, Refunding Series 2016B, 5.000%, 9/15/20 | No Opt. Call | A+ | 387,405 | ||
1,525 | Rhode Island Health and Educational Building Corporation, Hospital Financing Revenue Bonds, Lifespan Obligated Group, Refunding Series 2016, 5.000%, 5/15/20 | No Opt. Call | BBB+ | 1,555,469 | ||
1,900 | Total Rhode Island | 1,942,874 | ||||
South Carolina – 0.6% | ||||||
2,980 | South Carolina State Ports Authority, Revenue Bonds, Series 2018, 5.000%, 7/01/22 (AMT) | No Opt. Call | A+ | 3,264,709 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
South Dakota – 0.3% | ||||||
Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Refunding Series 2016: | ||||||
$ 300 | 2.650%, 11/01/20 | No Opt. Call | BB | $301,995 | ||
200 | 3.000%, 11/01/21 | No Opt. Call | BB | 203,144 | ||
585 | Sioux Falls, South Dakota, Health Facilities Revenue Bonds, Dow Rummel Village Project, Series 2017, 3.100%, 11/01/22 | No Opt. Call | BB | 595,337 | ||
485 | South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sanford Health, Series 2015, 5.000%, 11/01/19 | No Opt. Call | A+ | 486,402 | ||
1,570 | Total South Dakota | 1,586,878 | ||||
Tennessee – 1.2% | ||||||
1,000 | Knox County Health, Educational and Housing Facility Board, Tennesse, Hospital Revenue Bonds, Covenant Health, Refunding Series 2012A, 5.000%, 1/01/21 | No Opt. Call | A+ | 1,042,560 | ||
1,290 | Memphis-Shelby County Sports Authority, Tennessee, Revenue Bonds, Memphis Arena, Refunding Series 2009B, 5.500%, 11/01/20 | 11/19 at 100.00 | AA | 1,294,360 | ||
4,000 | Tennergy Corporation, Tennessee, Gas Revenue Bonds, Series 2019A, 5.000%, 2/01/50 (Mandatory Put 10/01/24) | No Opt. Call | Aa2 | 4,605,000 | ||
6,290 | Total Tennessee | 6,941,920 | ||||
Texas – 12.9% | ||||||
1,150 | Austin Convention Enterprises Inc, Texas, Convention Center Hotel Revenue Bonds, Refunding First Tier Series 2017A, 5.000%, 1/01/21 | No Opt. Call | BBB+ | 1,199,163 | ||
5,000 | Austin, Texas, Airport System Revenue Bonds, Refunding Series 2019, 5.000%, 11/15/23 (AMT) | No Opt. Call | A1 | 5,684,850 | ||
1,000 | Austin, Texas, Airport System Revenue Bonds, Series 2019B, 5.000%, 11/15/22 (AMT) | No Opt. Call | A1 | 1,106,190 | ||
5,720 | Brazosport Independent School District, Brazoria County, Texas, General Obligation Bonds, School Building Series 2015, 5.000%, 2/15/20 | No Opt. Call | Aaa | 5,797,849 | ||
1,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2013E, 5.000%, 11/01/22 (AMT) | No Opt. Call | A+ | 1,104,920 | ||
2,000 | Dallas-Fort Worth International Airport, Texas, Joint Revenue Bonds, Refunding Series 2014D, 5.000%, 11/01/22 (AMT) | No Opt. Call | A+ | 2,209,840 | ||
2,030 | El Paso, Texas, Airport Revenue Bonds, El Paso International Airport Series 2018, 5.000%, 8/15/23 (AMT) | No Opt. Call | A+ | 2,264,343 | ||
4,550 | Fort Worth Independent School District, Tarrant County, Texas, General Obligation Bonds, Refunding School Building Series 2015, 5.000%, 2/15/23 | No Opt. Call | AAA | 5,103,917 | ||
1,655 | Galveston Independent School District, Galveston County, Texas, General Obligation Bonds, Series 2018, 5.000%, 2/01/22 | No Opt. Call | Aaa | 1,797,148 | ||
5,000 | Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Bond Anticipation Note Series 2014A, 5.000%, 2/01/23 | No Opt. Call | A+ | 5,560,350 | ||
1,000 | Harris County-Houston Sports Authority, Texas, Revenue Bonds, Refunding Senior Lien Series 2014A, 5.000%, 11/15/20 | No Opt. Call | A2 | 1,038,690 | ||
2,260 | Houston Independent School District, Harris County, Texas, General Obligation Bonds, Refunding Schoolhouse Series 2016A, 5.000%, 2/15/21 | No Opt. Call | AAA | 2,375,644 | ||
1,700 | Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series Series 2018A, 5.000%, 7/01/22 (AMT) | No Opt. Call | A1 | 1,857,590 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Texas (continued) | ||||||
$ 4,210 | Houston, Texas, Airport System Revenue Bonds, Refunding & Subordinate Lien Series 2018C, 5.000%, 7/01/23 (AMT) | No Opt. Call | AA | $4,730,146 | ||
5,000 | Houston, Texas, Combined Utility System Revenue Bonds, Refunding First Lien Series 2014C, 4.000%, 5/15/21 | No Opt. Call | AA | 5,221,350 | ||
5,000 | Houston, Texas, General Obligation Bonds, Refunding Public Improvement Series 2017A, 5.000%, 3/01/21 | No Opt. Call | AA | 5,263,350 | ||
5,000 | Humble Independent School District, Harris County, Texas, General Obligation Bonds, Refunding School Building Series 2015A, 5.250%, 2/15/23 | No Opt. Call | AAA | 5,653,350 | ||
Love Field Airport Modernization Corporation, Texas, General Airport Revenue Bonds, Series 2017: | ||||||
1,000 | 5.000%, 11/01/19 (AMT) | No Opt. Call | A1 | 1,002,910 | ||
1,500 | 5.000%, 11/01/20 (AMT) | No Opt. Call | A1 | 1,558,020 | ||
4,480 | Lower Colorado River Authority, Texas, Transmission Contract Revenue Bonds, LCRA Transmission Services Corporation Project, Refunding Series 2011A, 5.000%, 5/15/20 | No Opt. Call | A1 | 4,581,875 | ||
1,000 | Lubbock, Texas, General Obligation Bonds, Tax & Waterworks System Surplus Revenue Certificates of Obligation, Series 2015, 5.000%, 2/15/21 | No Opt. Call | AA+ | 1,051,030 | ||
4,400 | Matagorda County Navigation District 1, Texas, Pollution Control Revenue Bonds, Central Power & Light Company Project, Refunding Series 1996, 1.750%, 5/01/30 (Mandatory Put 9/01/20) (AMT) | No Opt. Call | A- | 4,403,960 | ||
New Hope Cultural Education Facilities Finance Corporation, Texas, Retirement Facility Revenue Bonds, Methodist Retirement Communites Crestview Project, Series 2016: | ||||||
690 | 2.000%, 11/15/19 | No Opt. Call | BB+ | 689,924 | ||
615 | 4.000%, 11/15/21 | No Opt. Call | BB+ | 632,195 | ||
2,500 | Texas State, General Obligation Bonds, Public Finance Authority, Refunding Series 2014A, 5.000%, 10/01/20 | No Opt. Call | AAA | 2,592,875 | ||
1,000 | Travis County, Texas, General Obligation Bonds, Refunding Limited Tax Series 2016A, 5.000%, 3/01/21 | No Opt. Call | AAA | 1,052,820 | ||
70,460 | Total Texas | 75,534,299 | ||||
Utah – 1.3% | ||||||
6,000 | Salt Lake City, Utah, Airport Revenue Bonds, International Airport Series 2018A, 5.000%, 7/01/23 (AMT) | No Opt. Call | A+ | 6,736,680 | ||
Utah Charter School Finance Authority, Charter School Revenue Bonds, Utah Charter Academies Project, Series 2018: | ||||||
335 | 4.000%, 10/15/22 | No Opt. Call | AA | 357,180 | ||
350 | 4.000%, 10/15/23 | No Opt. Call | AA | 380,083 | ||
6,685 | Total Utah | 7,473,943 | ||||
Virginia – 0.5% | ||||||
1,755 | Chesapeake Bay Bridge and Tunnel District, Virginia, General Resolution Revenue Bonds, First Tier Bond Anticipation Notes Series 2019, 5.000%, 11/01/23 | No Opt. Call | BBB | 1,990,995 | ||
1,160 | Wise County Industrial Development Authority, Virginia, Solid Waste and Sewage Disposal Revenue Bonds, Virginia Electric and Power Company, Series 2010A, 1.875%, 11/01/40 (Mandatory Put 6/01/20) | No Opt. Call | A2 | 1,162,621 | ||
2,915 | Total Virginia | 3,153,616 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Washington – 2.2% | ||||||
Port Everett, Washington, Revenue Bonds, Refunding Series 2016: | ||||||
$ 200 | 4.000%, 12/01/20 | No Opt. Call | A1 | $206,120 | ||
225 | 4.000%, 12/01/21 | No Opt. Call | A1 | 237,283 | ||
1,590 | Port of Seattle, Washington, General Obligation Bonds, Refunding Series 2011, 5.250%, 12/01/21 (AMT) | 6/21 at 100.00 | AAA | 1,689,614 | ||
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2015C: | ||||||
1,000 | 5.000%, 4/01/21 (AMT) | No Opt. Call | AA- | 1,053,310 | ||
1,000 | 5.000%, 4/01/22 (AMT) | No Opt. Call | AA- | 1,086,260 | ||
1,000 | 5.000%, 4/01/24 (AMT) | No Opt. Call | AA- | 1,149,880 | ||
Port of Seattle, Washington, Revenue Bonds, Intermediate Lien Series 2019: | ||||||
1,000 | 5.000%, 4/01/21 (AMT) | No Opt. Call | AA- | 1,053,310 | ||
2,000 | 5.000%, 4/01/24 (AMT) | No Opt. Call | AA- | 2,299,760 | ||
1,775 | Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital, Refunding & Improvement Series 2016, 4.000%, 12/01/21 | No Opt. Call | Baa2 | 1,857,555 | ||
2,150 | Washington Health Care Facilities Authority, Revenue Bonds, CommonSpirit Health, Series 2019B-1, 5.000%, 8/01/49 (Mandatory Put 8/01/24) | 2/24 at 100.00 | BBB+ | 2,451,107 | ||
11,940 | Total Washington | 13,084,199 | ||||
West Virginia – 0.6% | ||||||
1,000 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Appalachian Power Company - Amos Project, Series 2011A, 1.700%, 1/01/41 (Mandatory Put 9/01/20) (AMT) | No Opt. Call | A- | 999,630 | ||
2,710 | West Virginia Economic Development Authority, Solid Waste Disposal Facilities Revenue Bonds, Wheeling Power Company - Mitchell Project, Series 2013A, 3.000%, 6/01/37 (Mandatory Put 4/01/22) (AMT) | No Opt. Call | A- | 2,793,820 | ||
3,710 | Total West Virginia | 3,793,450 | ||||
Wisconsin – 1.4% | ||||||
3,600 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Advocate Aurora Health Credit Group, Series 2018B, 5.000%, 8/15/54 (Mandatory Put 1/25/23) | No Opt. Call | AA | 4,011,408 | ||
1,050 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Agnesian HealthCare, Inc, Series 2017, 5.000%, 7/01/21 | No Opt. Call | A+ | 1,110,679 | ||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Inc, Series 2019A: | ||||||
75 | 5.000%, 12/01/23 | No Opt. Call | A+ | 85,216 | ||
100 | 5.000%, 12/01/24 | No Opt. Call | A+ | 116,597 | ||
110 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Bellin Memorial Hospital, Inc, Series 2019B, 3.000%, 12/01/24 | No Opt. Call | A+ | 116,956 | ||
1,055 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Benevolent Corporation Cedar Community, Series 2017, 5.000%, 6/01/22 | No Opt. Call | N/R | 1,120,843 | ||
330 | Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Franciscan Sisters of Christian Charity Sponsored Ministry, Series 2017A, 5.000%, 9/01/21 | No Opt. Call | BBB- | 348,688 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Wisconsin (continued) | ||||||
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Saint John's Communities Inc, Series 2018A: | ||||||
$ 500 | 4.000%, 9/15/21 | No Opt. Call | BBB- | $516,910 | ||
500 | 4.000%, 9/15/22 | No Opt. Call | BBB- | 524,565 | ||
455 | 4.000%, 9/15/23 | No Opt. Call | BBB- | 483,528 | ||
7,775 | Total Wisconsin | 8,435,390 | ||||
$ 532,130 | Total Long-Term Investments (cost $558,260,672) | 565,777,049 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
SHORT-TERM INVESTMENTS – 3.0% | ||||||
MUNICIPAL BONDS – 3.0% | ||||||
Colorado – 0.3% | ||||||
$ 1,750 | Colorado Health Facilities Authority, Colorado, Revenue Bonds, Catholic Health Initiatives, Variable Rate Demand Obligations, Series 2008-C2, 2.671%, 10/01/39 (Mandatory Put 12/02/19) (1-Month LIBOR *68% reference rate + 1.25% spread) (6), (7) | 5/20 at 100.00 | BBB+ | $ 1,755,758 | ||
Florida – 0.3% | ||||||
2,000 | Florida Development Finance Corporation, Florida, Surface Transportation Facility Revenue Bonds, Virgin Trains USA Passenger Rail Project , Variable Rate Demand Obligations, Series 2019B, 1.900%, 1/01/49 (AMT) (Mandatory Put 3/17/20) (6) | No Opt. Call | VMIG-1 | 2,001,720 | ||
Indiana – 0.6% | ||||||
3,250 | Indiana Development Finance Authority, Solid Waste Disposal Revenue Refunding Bonds, Waste Management Inc Project, Variable Rate Demand Obligations, Series 2001, 2.950%, 10/01/31 (AMT) (Mandatory Put 10/01/21) (6) | No Opt. Call | A-2 | 3,336,190 | ||
Minnesota – 0.3% | ||||||
1,700 | Rochester, Minnesota, Health Care Facilities Revenue Bonds, Variable Rate Demand Obligations, Mayo Clinic Series 2008B, 1.470%, 11/15/38 (Mandatory Put 11/20/19) (6) | 11/19 at 100.00 | A-1+ | 1,700,000 | ||
Oregon – 0.2% | ||||||
1,000 | Gilliam County, Oregon, Solid Waste Disposal Revenue Bonds, Waste Management Inc Project, Variable Rate Demand Obligations, Series 2003A, 2.400%, 7/01/38 (AMT) (Mandatory Put 5/02/22) (6) | No Opt. Call | A-2 | 1,018,660 | ||
Virginia – 0.8% | ||||||
1,500 | Charles City County Industrial Development Authority, Virginia, Solid Waste Disposal Facility Revenue Bonds, Waste Management, Inc, Variable Rate Demand Obligations, Series 2003, 2.400%, 8/01/27 (AMT) (Mandatory Put 5/02/22) (6) | No Opt. Call | A-2 | 1,528,530 | ||
1,250 | Gloucester County Industrial Development Authority, Virginia, Solid Waste Disposal Revenue Bonds, Waste Management Disposal Services of Virginia, Inc Project, Variable Rate Demand Obligations, Series 2003A, 2.400%, 9/01/38 (AMT) (Mandatory Put 5/02/22) (6) | No Opt. Call | A-2 | 1,273,150 |
Principal Amount (000) | Description (1) | Optional Call Provisions (2) | Ratings (3) | Value | ||
Virginia (continued) | ||||||
$ 425 | Peninsula Ports Authority of Virginia, Coal Terminal Revenue Bonds, Dominion Terminal Associates Project-DETC Issue, Variable Rate Demand Obligations, Refunding Series 2003, 1.550%, 10/01/33 (6) | No Opt. Call | BBB+ | $425,000 | ||
1,470 | Sussex County Industrial Development Authority, Virginia, Solid Waste Disposal Revenue Bonds, Atlantic Waste Disposal, Inc Project, Variable Rate Demand Obligations, Series 2003A, 2.400%, 6/01/28 (AMT) (Mandatory Put 5/02/22) (6) | No Opt. Call | A-2 | 1,497,665 | ||
4,645 | Total Virginia | 4,724,345 | ||||
Wisconsin – 0.5% | ||||||
2,855 | Public Finance Authority of Wisconsin, Solid Waste Disposal Revenue Bonds, Waste Management Inc, Variable Rate Demand Obligations, Refunding Series 2016A-3, 2.000%, 7/01/29 (AMT) (Mandatory Put 6/01/21) (6) | No Opt. Call | A-2 | 2,874,071 | ||
$ 17,200 | Total Short-Term Investments (cost $17,200,000) | 17,410,744 | ||||
Total Investments (cost $575,460,672) – 99.3% | 583,187,793 | |||||
Other Assets Less Liabilities – 0.7% | 4,157,961 | |||||
Net Assets – 100% | $ 587,345,754 |
(1) | All percentages shown in the Portfolio of Investments are based on net assets. | |
(2) | Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption. There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities may be subject to periodic principal paydowns. | |
(3) | For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies. | |
(4) | Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities, which ensure the timely payment of principal and interest. | |
(5) | Defaulted security. A security whose issuer has failed to fully pay principal and/or interest when due, or is under the protection of bankruptcy. | |
(6) | Investment has a maturity of greater than one year, but has variable rate and/or demand features which qualify it as a short-term investment. The rate disclosed, as well as the reference rate and spread, where applicable, is that in effect as of the end of the reporting period. This rate changes periodically based on market conditions or a specified market index. | |
(7) | Variable rate security. The rate shown is the coupon as of the end of the reporting period. | |
144A | Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers. | |
AMT | Alternative Minimum Tax | |
ETM | Escrowed to maturity | |
LIBOR | London Inter-Bank Offered Rate | |
WI/DD | Purchased on a when-issued or delayed delivery basis. |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Assets | ||||
Long-term investments, at value (cost $4,736,246,030, $7,623,905,356, $5,396,686,219 and $558,260,672, respectively) | $5,099,416,701 | $8,019,080,942 | $5,529,464,753 | $565,777,049 |
Short-term investments, at value (cost $—, $263,865,000, $133,684,815 and $17,200,000, respectively) | — | 265,127,363 | 134,741,737 | 17,410,744 |
Cash | 42,559,298 | 14,010,631 | 23,301,385 | 1,477,418 |
Cash collateral at brokers for investments in futures contracts(1) | 334,001 | — | — | — |
Receivable for: | ||||
Interest | 63,157,453 | 89,101,086 | 59,501,165 | 6,859,861 |
Investments sold | 22,405,779 | 46,645,762 | 71,021,875 | — |
Shares sold | 20,126,881 | 23,721,302 | 15,739,009 | 1,832,316 |
Variation margin on futures contracts | 18,984 | — | — | — |
Other assets | 604,818 | 782,958 | 511,868 | 83,580 |
Total assets | 5,248,623,915 | 8,458,470,044 | 5,834,281,792 | 593,440,968 |
Liabilities | ||||
Floating rate obligations | 63,845,000 | — | — | — |
Payable for: | ||||
Dividends | 3,545,681 | 7,255,642 | 3,294,381 | 271,397 |
Interest | 623,862 | — | — | — |
Investments purchased | 64,747,008 | 120,553,019 | 171,164,725 | 4,377,611 |
Shares redeemed | 6,141,460 | 9,276,033 | 6,158,830 | 939,719 |
Accrued expenses: | ||||
Management fees | 1,650,793 | 2,598,713 | 1,578,344 | 196,879 |
Trustees fees | 449,126 | 739,575 | 451,302 | 40,887 |
12b-1 distribution and service fees | 581,283 | 181,189 | 321,426 | 32,065 |
Other | 999,002 | 1,734,175 | 1,201,175 | 236,656 |
Total liabilities | 142,583,215 | 142,338,346 | 184,170,183 | 6,095,214 |
Net assets | $5,106,040,700 | $8,316,131,698 | $5,650,111,609 | $587,345,754 |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Class A Shares | ||||
Net assets | $1,958,260,318 | $ 695,420,195 | $1,100,674,887 | $146,698,095 |
Shares outstanding | 163,927,630 | 73,428,018 | 98,323,392 | 14,457,426 |
Net asset value ("NAV") per share | $ 11.95 | $ 9.47 | $ 11.19 | $ 10.15 |
Offering price per share (NAV per share plus maximum sales charge of 4.20%, 3.00%, 2.50% and 2.50%, respectively, of offering price) | $ 12.47 | $ 9.76 | $ 11.48 | $ 10.41 |
Class C Shares | ||||
Net assets | $ 225,516,478 | $ 55,365,424 | $ 82,667,342 | $ 7,546,832 |
Shares outstanding | 18,882,189 | 5,846,580 | 7,412,009 | 745,599 |
NAV and offering price per share | $ 11.94 | $ 9.47 | $ 11.15 | $ 10.12 |
Class C2 Shares | ||||
Net assets | $ 131,272,503 | $ 38,619,891 | $ 161,401,938 | $ 4,838,943 |
Shares outstanding | 10,983,409 | 4,074,736 | 14,449,390 | 477,261 |
NAV and offering price per share | $ 11.95 | $ 9.48 | $ 11.17 | $ 10.14 |
Class R6 Shares | ||||
Net assets | $ 27,666,167 | $ — | $ — | $ — |
Shares outstanding | 2,304,175 | — | — | — |
NAV and offering price per share | $ 12.01 | $ — | $ — | $ — |
Class I Shares | ||||
Net assets | $2,763,325,234 | $7,526,726,188 | $4,305,367,442 | $428,261,884 |
Shares outstanding | 230,328,112 | 792,418,664 | 385,953,938 | 42,154,208 |
NAV and offering price per share | $ 12.00 | $ 9.50 | $ 11.16 | $ 10.16 |
Fund level net assets consist of: | ||||
Capital paid-in | $4,813,319,362 | $7,919,522,864 | $5,519,611,335 | $578,828,322 |
Total distributable earnings | 292,721,338 | 396,608,834 | 130,500,274 | 8,517,432 |
Fund level net assets | $5,106,040,700 | $8,316,131,698 | $5,650,111,609 | $587,345,754 |
Authorized shares - per class | Unlimited | Unlimited | Unlimited | 2 billion |
Par value per share | $ 0.01 | $ 0.001 | $ 0.01 | $ 0.0001 |
(1) | Cash pledged to collateralize the net payment obligations for investments in derivatives is in addition to the Fund’s securities pledged as collateral as noted in the Fund’s Portfolio of Investments. |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Investment Income | $ 91,304,319 | $122,222,648 | $ 70,598,149 | $6,667,214 |
Expenses | ||||
Management fees | 9,208,986 | 14,788,083 | 9,289,678 | 1,209,690 |
12b-1 service fees - Class A Shares | 1,754,819 | 649,613 | 1,054,879 | 150,046 |
12b-1 distibution and service fees - Class C Shares | 1,045,018 | 255,725 | 414,114 | 34,149 |
12b-1 distibution and service fees - Class C2 Shares | 515,971 | 152,751 | 488,666 | 14,521 |
Shareholder servicing agent fees | 874,586 | 1,597,385 | 1,173,105 | 107,109 |
Interest expense | 759,964 | 71,896 | 173,954 | 2,141 |
Custodian fees | 209,757 | 354,144 | 267,022 | 47,177 |
Professional fees | 58,206 | 86,822 | 70,014 | 26,413 |
Trustees fees | 52,009 | 90,032 | 62,630 | 6,966 |
Shareholder reporting expenses | 119,426 | 193,941 | 135,567 | 18,322 |
Federal and state registration fees | 256,664 | 260,171 | 156,345 | 52,471 |
Other | 24,504 | 34,200 | 29,679 | 6,046 |
Total expenses | 14,879,910 | 18,534,763 | 13,315,653 | 1,675,051 |
Net investment income (loss) | 76,424,409 | 103,687,885 | 57,282,496 | 4,992,163 |
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) from: | ||||
Investments | 3,939,043 | 4,699,713 | (756,548) | 61,509 |
Futures contracts | (2,168,707) | — | — | — |
Change in net unrealized appreciation (depreciation) of: | ||||
Investments | 130,038,259 | 145,675,037 | 50,611,841 | 3,377,415 |
Futures contracts | 830,072 | — | — | — |
Net realized and unrealized gain (loss) | 132,638,667 | 150,374,750 | 49,855,293 | 3,438,924 |
Net increase (decrease) in net assets from operations | $209,063,076 | $254,062,635 | $107,137,789 | $8,431,087 |
All-American | Intermediate Duration | ||||
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 |
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 76,424,409 | $ 141,349,165 | $ 103,687,885 | $ 180,880,545 | |
Net realized gain (loss) from: | |||||
Investments | 3,939,043 | (19,913,373) | 4,699,713 | (2,783,240) | |
Futures contracts | (2,168,707) | (628,556) | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments | 130,038,259 | 73,406,492 | 145,675,037 | 148,914,560 | |
Futures contracts | 830,072 | (445,938) | — | — | |
Net increase (decrease) in net assets from operations | 209,063,076 | 193,767,790 | 254,062,635 | 327,011,865 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (29,773,131) | (50,446,500) | (8,683,820) | (15,325,260) | |
Class C Shares | (2,736,755) | (5,261,379) | (488,202) | (904,219) | |
Class C2 Shares | (1,954,746) | (5,152,395) | (440,904) | (1,176,490) | |
Class R6 Shares | (370,746) | (253,090) | — | — | |
Class I Shares | (43,882,140) | (77,130,331) | (98,361,415) | (157,314,478) | |
Decrease in net assets from distributions to shareholders | (78,717,518) | (138,243,695) | (107,974,341) | (174,720,447) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 1,202,996,253 | 1,336,662,890 | 1,816,067,086 | 2,686,032,240 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 59,445,378 | 102,559,302 | 67,319,454 | 110,724,041 | |
1,262,441,631 | 1,439,222,192 | 1,883,386,540 | 2,796,756,281 | ||
Cost of shares redeemed | (359,681,484) | (1,136,957,452) | (546,124,455) | (1,537,445,232) | |
Net increase (decrease) in net assets from Fund share transactions | 902,760,147 | 302,264,740 | 1,337,262,085 | 1,259,311,049 | |
Net increase (decrease) in net assets | 1,033,105,705 | 357,788,835 | 1,483,350,379 | 1,411,602,467 | |
Net assets at the beginning of period | 4,072,934,995 | 3,715,146,160 | 6,832,781,319 | 5,421,178,852 | |
Net assets at the end of period | $5,106,040,700 | $ 4,072,934,995 | $8,316,131,698 | $ 6,832,781,319 |
Limited Term | Short Term | ||||
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 |
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 | ||
Operations | |||||
Net investment income (loss) | $ 57,282,496 | $ 105,528,014 | $ 4,992,163 | $ 9,110,450 | |
Net realized gain (loss) from: | |||||
Investments | (756,548) | (5,286,979) | 61,509 | (621,363) | |
Futures contracts | — | — | — | — | |
Change in net unrealized appreciation (depreciation) of: | |||||
Investments | 50,611,841 | 114,801,312 | 3,377,415 | 6,538,588 | |
Futures contracts | — | — | — | — | |
Net increase (decrease) in net assets from operations | 107,137,789 | 215,042,347 | 8,431,087 | 15,027,675 | |
Distributions to Shareholders | |||||
Dividends: | |||||
Class A Shares | (10,276,175) | (18,889,874) | (1,125,427) | (2,046,710) | |
Class C Shares | (475,485) | (941,916) | (23,715) | (38,677) | |
Class C2 Shares | (1,399,870) | (3,531,968) | (30,328) | (66,263) | |
Class R6 Shares | — | — | — | — | |
Class I Shares | (43,467,232) | (73,007,938) | (3,592,935) | (6,151,997) | |
Decrease in net assets from distributions to shareholders | (55,618,762) | (96,371,696) | (4,772,405) | (8,303,647) | |
Fund Share Transactions | |||||
Proceeds from sale of shares | 1,065,695,143 | 2,340,031,019 | 73,096,788 | 307,629,211 | |
Proceeds from shares issued to shareholders due to reinvestment of distributions | 37,626,767 | 67,418,763 | 3,130,548 | 4,898,889 | |
1,103,321,910 | 2,407,449,782 | 76,227,336 | 312,528,100 | ||
Cost of shares redeemed | (811,046,654) | (1,829,618,621) | (95,345,310) | (303,905,079) | |
Net increase (decrease) in net assets from Fund share transactions | 292,275,256 | 577,831,161 | (19,117,974) | 8,623,021 | |
Net increase (decrease) in net assets | 343,794,283 | 696,501,812 | (15,459,292) | 15,347,049 | |
Net assets at the beginning of period | 5,306,317,326 | 4,609,815,514 | 602,805,046 | 587,457,997 | |
Net assets at the end of period | $5,650,111,609 | $ 5,306,317,326 | $587,345,754 | $ 602,805,046 |
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning
NAV |
Net
Investment Income (Loss)(a) |
Net
Realized/ Unrealized Gain (Loss) |
Total | From
Net Investment Income |
From
Accumulated Net Realized Gains |
Total | Ending
NAV | |
Class A (10/88) | |||||||||
March 31, 2020(e) | $11.60 | $0.19 | $ 0.36 | $ 0.55 | $(0.20) | $ — | $(0.20) | $11.95 | |
March 31, 2019 | 11.44 | 0.42 | 0.15 | 0.57 | (0.41) | — | (0.41) | 11.60 | |
March 31, 2018 | 11.34 | 0.43 | 0.10 | 0.53 | (0.43) | — | (0.43) | 11.44 | |
March 31, 2017(f) | 11.80 | 0.39 | (0.46) | (0.07) | (0.39) | — | (0.39) | 11.34 | |
April 30, 2016 | 11.57 | 0.43 | 0.23 | 0.66 | (0.43) | — | (0.43) | 11.80 | |
April 30, 2015 | 11.23 | 0.46 | 0.36 | 0.82 | (0.48) | — | (0.48) | 11.57 | |
April 30, 2014 | 11.76 | 0.49 | (0.56) | (0.07) | (0.46) | — | (0.46) | 11.23 | |
Class C (2/14) | |||||||||
March 31, 2020(e) | 11.60 | 0.15 | 0.35 | 0.50 | (0.16) | — | (0.16) | 11.94 | |
March 31, 2019 | 11.44 | 0.33 | 0.15 | 0.48 | (0.32) | — | (0.32) | 11.60 | |
March 31, 2018 | 11.35 | 0.33 | 0.10 | 0.43 | (0.34) | — | (0.34) | 11.44 | |
March 31, 2017(f) | 11.80 | 0.31 | (0.46) | (0.15) | (0.30) | — | (0.30) | 11.35 | |
April 30, 2016 | 11.58 | 0.33 | 0.23 | 0.56 | (0.34) | — | (0.34) | 11.80 | |
April 30, 2015 | 11.24 | 0.36 | 0.37 | 0.73 | (0.39) | — | (0.39) | 11.58 | |
April 30, 2014(g) | 10.99 | 0.02 | 0.32 | 0.34 | (0.09) | — | (0.09) | 11.24 | |
Class C2 (6/93)(h) | |||||||||
March 31, 2020(e) | 11.61 | 0.16 | 0.35 | 0.51 | (0.17) | — | (0.17) | 11.95 | |
March 31, 2019 | 11.44 | 0.36 | 0.15 | 0.51 | (0.34) | — | (0.34) | 11.61 | |
March 31, 2018 | 11.35 | 0.36 | 0.09 | 0.45 | (0.36) | — | (0.36) | 11.44 | |
March 31, 2017(f) | 11.80 | 0.33 | (0.45) | (0.12) | (0.33) | — | (0.33) | 11.35 | |
April 30, 2016 | 11.58 | 0.36 | 0.23 | 0.59 | (0.37) | — | (0.37) | 11.80 | |
April 30, 2015 | 11.24 | 0.40 | 0.36 | 0.76 | (0.42) | — | (0.42) | 11.58 | |
April 30, 2014 | 11.76 | 0.43 | (0.55) | (0.12) | (0.40) | — | (0.40) | 11.24 | |
Class R6 (6/16) | |||||||||
March 31, 2020(e) | 11.66 | 0.21 | 0.36 | 0.57 | (0.22) | — | (0.22) | 12.01 | |
March 31, 2019 | 11.49 | 0.45 | 0.15 | 0.60 | (0.43) | — | (0.43) | 11.66 | |
March 31, 2018 | 11.39 | 0.46 | 0.09 | 0.55 | (0.45) | — | (0.45) | 11.49 | |
March 31, 2017(i) | 12.09 | 0.34 | (0.71) | (0.37) | (0.33) | — | (0.33) | 11.39 | |
Class I (2/97) | |||||||||
March 31, 2020(e) | 11.65 | 0.21 | 0.35 | 0.56 | (0.21) | — | (0.21) | 12.00 | |
March 31, 2019 | 11.49 | 0.44 | 0.15 | 0.59 | (0.43) | — | (0.43) | 11.65 | |
March 31, 2018 | 11.39 | 0.45 | 0.10 | 0.55 | (0.45) | — | (0.45) | 11.49 | |
March 31, 2017(f) | 11.85 | 0.41 | (0.46) | (0.05) | (0.41) | — | (0.41) | 11.39 | |
April 30, 2016 | 11.62 | 0.45 | 0.24 | 0.69 | (0.46) | — | (0.46) | 11.85 | |
April 30, 2015 | 11.28 | 0.49 | 0.35 | 0.84 | (0.50) | — | (0.50) | 11.62 | |
April 30, 2014 | 11.80 | 0.51 | (0.55) | (0.04) | (0.48) | — | (0.48) | 11.28 |
Ratios/Supplemental Data | |||||
Ratios
to Average Net Assets |
|||||
Total
Return(b) |
Ending
Net Assets (000) |
Expenses
Including Interest(c) |
Expenses
Excluding Interest |
Net
Investment Income (Loss) |
Portfolio
Turnover Rate(d) |
4.78% | $1,958,260 | 0.70%* | 0.67%* | 3.29%* | 4% |
5.11 | 1,554,833 | 0.73 | 0.69 | 3.68 | 29 |
4.66 | 1,325,011 | 0.72 | 0.69 | 3.69 | 14 |
(0.66) | 1,136,311 | 0.73* | 0.70* | 3.66* | 24 |
5.85 | 1,170,705 | 0.70 | 0.70 | 3.68 | 13 |
7.38 | 989,477 | 0.71 | 0.71 | 4.01 | 18 |
(0.42) | 907,137 | 0.72 | 0.72 | 4.46 | 13 |
4.29 | 225,516 | 1.50* | 1.47* | 2.49* | 4 |
4.29 | 195,053 | 1.53 | 1.49 | 2.88 | 29 |
3.76 | 186,999 | 1.52 | 1.49 | 2.89 | 14 |
(1.38) | 163,496 | 1.52* | 1.49* | 2.87* | 24 |
5.04 | 116,024 | 1.50 | 1.50 | 2.86 | 13 |
6.54 | 48,472 | 1.51 | 1.51 | 3.09 | 18 |
3.06 | 4,923 | 1.50* | 1.50* | 3.39* | 13 |
4.40 | 131,273 | 1.25* | 1.22* | 2.75* | 4 |
4.60 | 142,450 | 1.28 | 1.24 | 3.12 | 29 |
3.98 | 217,048 | 1.27 | 1.24 | 3.15 | 14 |
(1.07) | 264,617 | 1.28* | 1.25* | 3.11* | 24 |
5.22 | 308,100 | 1.25 | 1.25 | 3.13 | 13 |
6.82 | 328,649 | 1.26 | 1.26 | 3.47 | 18 |
(0.90) | 353,220 | 1.27 | 1.27 | 3.91 | 13 |
4.88 | 27,666 | 0.47* | 0.44* | 3.48* | 4 |
5.40 | 12,469 | 0.49 | 0.45 | 3.90 | 29 |
4.86 | 6,725 | 0.48 | 0.45 | 3.94 | 14 |
(3.04) | 6,674 | 0.49* | 0.46* | 3.95* | 24 |
4.86 | 2,763,325 | 0.50* | 0.47* | 3.49* | 4 |
5.31 | 2,168,129 | 0.53 | 0.49 | 3.88 | 29 |
4.86 | 1,979,364 | 0.52 | 0.49 | 3.89 | 14 |
(0.47) | 1,654,217 | 0.53* | 0.50* | 3.86* | 24 |
6.05 | 1,417,738 | 0.50 | 0.50 | 3.88 | 13 |
7.57 | 1,134,001 | 0.51 | 0.51 | 4.21 | 18 |
(0.14) | 962,101 | 0.52 | 0.52 | 4.66 | 13 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | The expense ratios reflect, among other things, the interest expense deemed to have been paid by the Fund on the floating rate certificates issued by the special purpose trusts for the self-deposited inverse floaters held by the Fund, where applicable, as described in Note 4 – Portfolio Securities and Investments in Derivatives, Inverse Floating Rate Securities and the interest expense and fees paid on borrowings, as described in Note 8 - Borrowing Arrangements. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives, Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended September 30, 2019. |
(f) | For the eleven months ended March 31, 2017. |
(g) | For the period February 10, 2014 (commencement of operations) through April 30, 2014. |
(h) | Formerly Class C Shares and renamed to Class C2 Shares on February 10, 2014. |
(i) | For the period June 30, 2016 (commencement of operations) through March 31, 2017. |
* | Annualized. |
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning
NAV |
Net
Investment Income (Loss)(a) |
Net
Realized/ Unrealized Gain (Loss) |
Total | From
Net Investment Income |
From
Accumulated Net Realized Gains |
Total | Ending
NAV | |
Class A (6/95) | |||||||||
March 31, 2020(f) | $9.29 | $0.12 | $ 0.19 | $ 0.31 | $(0.13) | $ — | $(0.13) | $9.47 | |
March 31, 2019 | 9.07 | 0.26 | 0.21 | 0.47 | (0.25) | — | (0.25) | 9.29 | |
March 31, 2018 | 9.03 | 0.27 | 0.02 | 0.29 | (0.25) | — | (0.25) | 9.07 | |
March 31, 2017(g) | 9.40 | 0.23 | (0.36) | (0.13) | (0.23) | (0.01) | (0.24) | 9.03 | |
April 30, 2016 | 9.22 | 0.26 | 0.18 | 0.44 | (0.26) | — | (0.26) | 9.40 | |
April 30, 2015 | 9.13 | 0.26 | 0.10 | 0.36 | (0.27) | — | (0.27) | 9.22 | |
April 30, 2014 | 9.38 | 0.29 | (0.26) | 0.03 | (0.28) | — | (0.28) | 9.13 | |
Class C (2/14) | |||||||||
March 31, 2020(f) | 9.29 | 0.08 | 0.19 | 0.27 | (0.09) | — | (0.09) | 9.47 | |
March 31, 2019 | 9.08 | 0.19 | 0.20 | 0.39 | (0.18) | — | (0.18) | 9.29 | |
March 31, 2018 | 9.03 | 0.19 | 0.04 | 0.23 | (0.18) | — | (0.18) | 9.08 | |
March 31, 2017(g) | 9.40 | 0.16 | (0.35) | (0.19) | (0.17) | (0.01) | (0.18) | 9.03 | |
April 30, 2016 | 9.23 | 0.18 | 0.18 | 0.36 | (0.19) | — | (0.19) | 9.40 | |
April 30, 2015 | 9.14 | 0.19 | 0.10 | 0.29 | (0.20) | — | (0.20) | 9.23 | |
April 30, 2014(h) | 9.05 | 0.01 | 0.12 | 0.13 | (0.04) | — | (0.04) | 9.14 | |
Class C2 (6/95)(i) | |||||||||
March 31, 2020(f) | 9.29 | 0.09 | 0.20 | 0.29 | (0.10) | — | (0.10) | 9.48 | |
March 31, 2019 | 9.09 | 0.21 | 0.19 | 0.40 | (0.20) | — | (0.20) | 9.29 | |
March 31, 2018 | 9.04 | 0.22 | 0.04 | 0.26 | (0.21) | — | (0.21) | 9.09 | |
March 31, 2017(g) | 9.41 | 0.18 | (0.35) | (0.17) | (0.19) | (0.01) | (0.20) | 9.04 | |
April 30, 2016 | 9.24 | 0.21 | 0.17 | 0.38 | (0.21) | — | (0.21) | 9.41 | |
April 30, 2015 | 9.15 | 0.22 | 0.09 | 0.31 | (0.22) | — | (0.22) | 9.24 | |
April 30, 2014 | 9.41 | 0.24 | (0.27) | (0.03) | (0.23) | — | (0.23) | 9.15 | |
Class I (11/76) | |||||||||
March 31, 2020(f) | 9.31 | 0.13 | 0.20 | 0.33 | (0.14) | — | (0.14) | 9.50 | |
March 31, 2019 | 9.10 | 0.28 | 0.20 | 0.48 | (0.27) | — | (0.27) | 9.31 | |
March 31, 2018 | 9.05 | 0.29 | 0.03 | 0.32 | (0.27) | — | (0.27) | 9.10 | |
March 31, 2017(g) | 9.42 | 0.25 | (0.36) | (0.11) | (0.25) | (0.01) | (0.26) | 9.05 | |
April 30, 2016 | 9.25 | 0.28 | 0.17 | 0.45 | (0.28) | — | (0.28) | 9.42 | |
April 30, 2015 | 9.16 | 0.28 | 0.10 | 0.38 | (0.29) | — | (0.29) | 9.25 | |
April 30, 2014 | 9.41 | 0.31 | (0.26) | 0.05 | (0.30) | — | (0.30) | 9.16 |
Ratios/Supplemental Data | |||||
Ratios
to Average Net Assets (c) |
|||||
Total
Return(b) |
Ending
Net Assets (000) |
Expenses
Including Interest(d) |
Expenses
Excluding Interest |
Net
Investment Income (Loss) |
Portfolio
Turnover Rate(e) |
3.31% | $ 695,420 | 0.66%* | 0.66%* | 2.55%* | 8% |
5.29 | 603,262 | 0.67 | 0.67 | 2.86 | 15 |
3.25 | 525,754 | 0.68 | 0.68 | 2.90 | 18 |
(1.40) | 505,589 | 0.69* | 0.69* | 2.70* | 24 |
4.83 | 1,076,822 | 0.68 | 0.68 | 2.77 | 18 |
3.95 | 773,091 | 0.70 | 0.70 | 2.86 | 19 |
0.39 | 876,456 | 0.70 | 0.70 | 3.20 | 17 |
2.91 | 55,365 | 1.46* | 1.46* | 1.75* | 8 |
4.35 | 48,182 | 1.47 | 1.47 | 2.06 | 15 |
2.56 | 46,897 | 1.48 | 1.48 | 2.11 | 18 |
(2.10) | 45,483 | 1.49* | 1.49* | 1.91* | 24 |
3.91 | 35,070 | 1.48 | 1.48 | 1.99 | 18 |
3.14 | 17,706 | 1.50 | 1.50 | 2.03 | 19 |
1.49 | 2,412 | 1.49* | 1.49* | 2.17* | 17 |
3.15 | 38,620 | 1.21* | 1.21* | 2.00* | 8 |
4.51 | 43,300 | 1.22 | 1.22 | 2.31 | 15 |
2.82 | 66,052 | 1.23 | 1.23 | 2.36 | 18 |
(1.86) | 85,193 | 1.24* | 1.24* | 2.16* | 24 |
4.17 | 101,168 | 1.24 | 1.24 | 2.28 | 18 |
3.40 | 112,700 | 1.25 | 1.25 | 2.32 | 19 |
(0.25) | 126,951 | 1.25 | 1.25 | 2.65 | 17 |
3.51 | 7,526,726 | 0.46* | 0.46* | 2.75* | 8 |
5.37 | 6,138,037 | 0.47 | 0.47 | 3.06 | 15 |
3.56 | 4,782,475 | 0.48 | 0.48 | 3.11 | 18 |
(1.22) | 4,485,912 | 0.49* | 0.49* | 2.91* | 24 |
4.91 | 3,979,824 | 0.49 | 0.49 | 3.02 | 18 |
4.14 | 3,574,561 | 0.50 | 0.50 | 3.07 | 19 |
0.59 | 3,210,180 | 0.50 | 0.50 | 3.40 | 17 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | The Fund has a fee waiver/expense reimbursement agreement with the Adviser, but did not receive a fee waiver/expense reimbursement during the periods presented herein. See Note 7 – Management Fees and Other Transactions with Affiliates, Management Fees for more information. |
(d) | The expense ratios reflect, among other things, the interest expense and fees paid on borrowings, as described in Note 8 – Borrowing Arrangements. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives, Investment Transactions) divided by the average long-term market value during the period. |
(f) | For the six months ended September 30, 2019. |
(g) | For the eleven months ended March 31, 2017. |
(h) | For the period February 10, 2014 (commencement of operations) through April 30, 2014. |
(i) | Formerly Class C Shares and renamed to Class C2 Shares on February 10, 2014. |
* | Annualized. |
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning
NAV |
Net
Investment Income (Loss)(a) |
Net
Realized/ Unrealized Gain (Loss) |
Total | From
Net Investment Income |
From
Accumulated Net Realized Gains |
Total | Ending
NAV | |
Class A (10/87) | |||||||||
March 31, 2020(f) | $11.08 | $0.11 | $ 0.11 | $ 0.22 | $(0.11) | $ — | $(0.11) | $11.19 | |
March 31, 2019 | 10.83 | 0.23 | 0.23 | 0.46 | (0.21) | — | (0.21) | 11.08 | |
March 31, 2018 | 10.88 | 0.21 | (0.06) | 0.15 | (0.20) | — | (0.20) | 10.83 | |
March 31, 2017(g) | 11.17 | 0.17 | (0.28) | (0.11) | (0.18) | — | (0.18) | 10.88 | |
April 30, 2016 | 11.10 | 0.20 | 0.08 | 0.28 | (0.21) | — | (0.21) | 11.17 | |
April 30, 2015 | 11.12 | 0.21 | (0.02) | 0.19 | (0.21) | — | (0.21) | 11.10 | |
April 30, 2014 | 11.27 | 0.22 | (0.16) | 0.06 | (0.21) | — | (0.21) | 11.12 | |
Class C (2/14) | |||||||||
March 31, 2020(f) | 11.04 | 0.07 | 0.10 | 0.17 | (0.06) | — | (0.06) | 11.15 | |
March 31, 2019 | 10.78 | 0.14 | 0.24 | 0.38 | (0.12) | — | (0.12) | 11.04 | |
March 31, 2018 | 10.83 | 0.12 | (0.06) | 0.06 | (0.11) | — | (0.11) | 10.78 | |
March 31, 2017(g) | 11.12 | 0.09 | (0.28) | (0.19) | (0.10) | — | (0.10) | 10.83 | |
April 30, 2016 | 11.06 | 0.12 | 0.07 | 0.19 | (0.13) | — | (0.13) | 11.12 | |
April 30, 2015 | 11.08 | 0.15 | (0.02) | 0.13 | (0.15) | — | (0.15) | 11.06 | |
April 30, 2014(h) | 11.06 | 0.01 | 0.04 | 0.05 | (0.03) | — | (0.03) | 11.08 | |
Class C2 (12/95)(i) | |||||||||
March 31, 2020(f) | 11.06 | 0.09 | 0.11 | 0.20 | (0.09) | — | (0.09) | 11.17 | |
March 31, 2019 | 10.80 | 0.19 | 0.24 | 0.43 | (0.17) | — | (0.17) | 11.06 | |
March 31, 2018 | 10.85 | 0.17 | (0.06) | 0.11 | (0.16) | — | (0.16) | 10.80 | |
March 31, 2017(g) | 11.13 | 0.14 | (0.28) | (0.14) | (0.14) | — | (0.14) | 10.85 | |
April 30, 2016 | 11.06 | 0.17 | 0.06 | 0.23 | (0.16) | — | (0.16) | 11.13 | |
April 30, 2015 | 11.08 | 0.17 | (0.02) | 0.15 | (0.17) | — | (0.17) | 11.06 | |
April 30, 2014 | 11.23 | 0.18 | (0.16) | 0.02 | (0.17) | — | (0.17) | 11.08 | |
Class I (2/97) | |||||||||
March 31, 2020(f) | 11.04 | 0.12 | 0.12 | 0.24 | (0.12) | — | (0.12) | 11.16 | |
March 31, 2019 | 10.79 | 0.25 | 0.23 | 0.48 | (0.23) | — | (0.23) | 11.04 | |
March 31, 2018 | 10.83 | 0.23 | (0.05) | 0.18 | (0.22) | — | (0.22) | 10.79 | |
March 31, 2017(g) | 11.12 | 0.19 | (0.28) | (0.09) | (0.20) | — | (0.20) | 10.83 | |
April 30, 2016 | 11.05 | 0.23 | 0.06 | 0.29 | (0.22) | — | (0.22) | 11.12 | |
April 30, 2015 | 11.06 | 0.23 | (0.01) | 0.22 | (0.23) | — | (0.23) | 11.05 | |
April 30, 2014 | 11.21 | 0.24 | (0.16) | 0.08 | (0.23) | — | (0.23) | 11.06 |
Ratios/Supplemental Data | |||||||||
Ratios
to Average Net Assets Before Waiver/Reimbursement |
Ratios
to Average Net Assets After Waiver/Reimbursement(c) |
||||||||
Total
Return(b) |
Ending
Net Assets (000) |
Expenses
Including Interest(d) |
Expenses
Excluding Interest |
Net
Investment Income (Loss) |
Expenses
Including Interest(d) |
Expenses
Excluding Interest |
Net
Investment Income (Loss) |
Portfolio
Turnover Rate(e) | |
1.98% | $1,100,675 | 0.63%* | 0.62%* | 2.00%* | 0.63%* | 0.62%* | 2.00%* | 9% | |
4.27 | 1,015,540 | 0.63 | 0.63 | 2.07 | 0.63 | 0.63 | 2.07 | 27 | |
1.36 | 998,226 | 0.62 | 0.62 | 1.92 | 0.62 | 0.62 | 1.92 | 21 | |
(0.99) | 1,094,434 | 0.63* | 0.63* | 1.72* | 0.63* | 0.63* | 1.72* | 26 | |
2.50 | 1,208,642 | 0.63 | 0.63 | 1.84 | 0.63 | 0.63 | 1.84 | 20 | |
1.72 | 1,168,646 | 0.64 | 0.64 | 1.89 | 0.64 | 0.64 | 1.89 | 20 | |
0.55 | 1,279,131 | 0.65 | 0.65 | 1.99 | 0.65 | 0.65 | 1.99 | 20 | |
1.58 | 82,667 | 1.43* | 1.42* | 1.20* | 1.43* | 1.42* | 1.20* | 9 | |
3.52 | 83,991 | 1.43 | 1.43 | 1.27 | 1.43 | 1.43 | 1.27 | 27 | |
0.53 | 93,327 | 1.42 | 1.42 | 1.12 | 1.42 | 1.42 | 1.12 | 21 | |
(1.74) | 112,035 | 1.43* | 1.43* | 0.92* | 1.43* | 1.43* | 0.92* | 26 | |
1.71 | 90,330 | 1.43 | 1.43 | 1.04 | 1.36 | 1.36 | 1.11 | 20 | |
1.18 | 51,973 | 1.43 | 1.43 | 1.07 | 1.18 | 1.18 | 1.32 | 20 | |
0.49 | 9,695 | 1.43* | 1.43* | 1.10* | 1.18* | 1.18* | 1.35* | 20 | |
1.79 | 161,402 | 0.98* | 0.97* | 1.65* | 0.98* | 0.97* | 1.65* | 9 | |
3.97 | 192,174 | 0.98 | 0.98 | 1.71 | 0.98 | 0.98 | 1.71 | 27 | |
0.97 | 292,436 | 0.97 | 0.97 | 1.57 | 0.97 | 0.97 | 1.57 | 21 | |
(1.25) | 383,282 | 0.98* | 0.98* | 1.37* | 0.98* | 0.98* | 1.37* | 26 | |
2.12 | 461,558 | 0.98 | 0.98 | 1.50 | 0.98 | 0.98 | 1.50 | 20 | |
1.34 | 528,287 | 0.99 | 0.99 | 1.54 | 0.99 | 0.99 | 1.54 | 20 | |
0.17 | 623,242 | 1.00 | 1.00 | 1.64 | 1.00 | 1.00 | 1.64 | 20 | |
2.17 | 4,305,367 | 0.43* | 0.42* | 2.20* | 0.43* | 0.42* | 2.20* | 9 | |
4.46 | 4,014,613 | 0.43 | 0.43 | 2.27 | 0.43 | 0.43 | 2.27 | 27 | |
1.62 | 3,225,826 | 0.42 | 0.42 | 2.12 | 0.42 | 0.42 | 2.12 | 21 | |
(0.85) | 3,012,577 | 0.43* | 0.43* | 1.92* | 0.43* | 0.43* | 1.92* | 26 | |
2.68 | 2,744,568 | 0.43 | 0.43 | 2.04 | 0.43 | 0.43 | 2.04 | 20 | |
1.99 | 2,221,891 | 0.44 | 0.44 | 2.09 | 0.44 | 0.44 | 2.09 | 20 | |
0.72 | 1,781,216 | 0.45 | 0.45 | 2.19 | 0.45 | 0.45 | 2.19 | 20 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. During the fiscal years ended April 30, 2014 through April 30, 2016, the Adviser agreed to waive 0.25% of the 12b-1 distribution and/or service fees for Class C Shares through August 31, 2015. After August 31, 2015, the Adviser is no longer waiving fees or reimbursing expenses for Class C Shares. |
(d) | The expense ratios reflect, among other things, the interest expense and fees paid on borrowings, as described in Note 8 – Borrowing Arrangements. |
(e) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives, Investment Transactions) divided by the average long-term market value during the period. |
(f) | For the six months ended September 30, 2019. |
(g) | For the eleven months ended March 31, 2017. |
(h) | For the period February 10, 2014 (commencement of operations) through April 30, 2014. |
(i) | Formerly Class C Shares and renamed to Class C2 Shares on February 10, 2014. |
* | Annualized. |
Investment Operations | Less Distributions | ||||||||
Class (Commencement Date) | Beginning
NAV |
Net
Investment Income (Loss)(a) |
Net
Realized/ Unrealized Gain (Loss) |
Total | From
Net Investment Income |
From
Accumulated Net Realized Gains |
Total | Ending
NAV | |
Class A (10/02) | |||||||||
March 31, 2020(e) | $10.09 | $ 0.08 | $ 0.06 | $ 0.14 | $(0.08) | $ — | $(0.08) | $10.15 | |
March 31, 2019 | 9.98 | 0.14 | 0.10 | 0.24 | (0.13) | — | (0.13) | 10.09 | |
March 31, 2018 | 10.04 | 0.11 | (0.07) | 0.04 | (0.10) | — | (0.10) | 9.98 | |
March 31, 2017(f) | 10.12 | 0.09 | (0.08) | 0.01 | (0.09) | — | (0.09) | 10.04 | |
April 30, 2016 | 10.11 | 0.10 | —** | 0.10 | (0.09) | — | (0.09) | 10.12 | |
April 30, 2015 | 10.15 | 0.10 | (0.04) | 0.06 | (0.10) | — | (0.10) | 10.11 | |
April 30, 2014 | 10.20 | 0.12 | (0.05) | 0.07 | (0.12) | — | (0.12) | 10.15 | |
Class C (2/14) | |||||||||
March 31, 2020(e) | 10.06 | 0.04 | 0.06 | 0.10 | (0.04) | — | (0.04) | 10.12 | |
March 31, 2019 | 9.96 | 0.06 | 0.09 | 0.15 | (0.05) | — | (0.05) | 10.06 | |
March 31, 2018 | 10.02 | 0.03 | (0.07) | (0.04) | (0.02) | — | (0.02) | 9.96 | |
March 31, 2017(f) | 10.11 | 0.02 | (0.09) | (0.07) | (0.02) | — | (0.02) | 10.02 | |
April 30, 2016 | 10.10 | 0.03 | 0.01 | 0.04 | (0.03) | — | (0.03) | 10.11 | |
April 30, 2015 | 10.14 | 0.06 | (0.04) | 0.02 | (0.06) | — | (0.06) | 10.10 | |
April 30, 2014(g) | 10.15 | —** | 0.01 | 0.01 | (0.02) | — | (0.02) | 10.14 | |
Class C2 (8/11)(h) | |||||||||
March 31, 2020(e) | 10.08 | 0.06 | 0.06 | 0.12 | (0.06) | — | (0.06) | 10.14 | |
March 31, 2019 | 9.97 | 0.11 | 0.09 | 0.20 | (0.09) | — | (0.09) | 10.08 | |
March 31, 2018 | 10.03 | 0.07 | (0.06) | 0.01 | (0.07) | — | (0.07) | 9.97 | |
March 31, 2017(f) | 10.11 | 0.06 | (0.08) | (0.02) | (0.06) | — | (0.06) | 10.03 | |
April 30, 2016 | 10.10 | 0.06 | 0.01 | 0.07 | (0.06) | — | (0.06) | 10.11 | |
April 30, 2015 | 10.14 | 0.06 | (0.04) | 0.02 | (0.06) | — | (0.06) | 10.10 | |
April 30, 2014 | 10.18 | 0.08 | (0.03) | 0.05 | (0.09) | — | (0.09) | 10.14 | |
Class I (10/02) | |||||||||
March 31, 2020(e) | 10.10 | 0.09 | 0.06 | 0.15 | (0.09) | — | (0.09) | 10.16 | |
March 31, 2019 | 9.99 | 0.16 | 0.10 | 0.26 | (0.15) | — | (0.15) | 10.10 | |
March 31, 2018 | 10.04 | 0.13 | (0.06) | 0.07 | (0.12) | — | (0.12) | 9.99 | |
March 31, 2017(f) | 10.13 | 0.11 | (0.10) | 0.01 | (0.10) | — | (0.10) | 10.04 | |
April 30, 2016 | 10.11 | 0.12 | 0.01 | 0.13 | (0.11) | — | (0.11) | 10.13 | |
April 30, 2015 | 10.15 | 0.12 | (0.04) | 0.08 | (0.12) | — | (0.12) | 10.11 | |
April 30, 2014 | 10.20 | 0.14 | (0.05) | 0.09 | (0.14) | — | (0.14) | 10.15 |
Ratios/Supplemental Data | |||||||
Ratios
to Average Net Assets Before Waiver/Reimbursement |
Ratios
to Average Net Assets After Waiver/Reimbursement(c) |
||||||
Total
Return(b) |
Ending
Net Assets (000) |
Expenses | Net
Investment Income (Loss) |
Expenses | Net
Investment Income (Loss) |
Portfolio
Turnover Rate(d) | |
1.36% | $146,698 | 0.70%* | 1.56%* | 0.70%* | 1.56%* | 13% | |
2.42 | 156,526 | 0.72 | 1.44 | 0.72 | 1.44 | 45 | |
0.41 | 168,828 | 0.72 | 1.09 | 0.72 | 1.09 | 28 | |
0.08 | 187,573 | 0.71* | 0.97* | 0.71* | 0.97* | 44 | |
1.01 | 174,484 | 0.71 | 0.97 | 0.71 | 0.97 | 24 | |
0.57 | 184,317 | 0.71 | 0.97 | 0.71 | 0.97 | 36 | |
0.74 | 201,145 | 0.71 | 1.16 | 0.71 | 1.16 | 35 | |
0.95 | 7,547 | 1.50* | 0.76* | 1.50* | 0.76* | 13 | |
1.53 | 6,879 | 1.52 | 0.64 | 1.52 | 0.64 | 45 | |
(0.37) | 8,193 | 1.52 | 0.29 | 1.52 | 0.29 | 28 | |
(0.73) | 10,069 | 1.51* | 0.17* | 1.51* | 0.17* | 44 | |
0.41 | 6,971 | 1.51 | 0.17 | 1.38 | 0.30 | 24 | |
0.22 | 4,615 | 1.50 | 0.16 | 1.05 | 0.61 | 36 | |
0.08 | 822 | 1.57* | 0.18* | 1.08* | 0.63* | 35 | |
1.18 | 4,839 | 1.05* | 1.21* | 1.05* | 1.21* | 13 | |
2.05 | 6,147 | 1.06 | 1.07 | 1.06 | 1.07 | 45 | |
0.05 | 9,384 | 1.07 | 0.74 | 1.07 | 0.74 | 28 | |
(0.25) | 12,097 | 1.06* | 0.62* | 1.06* | 0.62* | 44 | |
0.65 | 13,325 | 1.06 | 0.62 | 1.06 | 0.62 | 24 | |
0.22 | 16,524 | 1.06 | 0.63 | 1.06 | 0.63 | 36 | |
0.48 | 28,134 | 1.06 | 0.82 | 1.06 | 0.82 | 35 | |
1.45 | 428,262 | 0.50* | 1.76* | 0.50* | 1.76* | 13 | |
2.62 | 433,253 | 0.52 | 1.64 | 0.52 | 1.64 | 45 | |
0.69 | 401,052 | 0.51 | 1.29 | 0.51 | 1.29 | 28 | |
0.14 | 430,038 | 0.51* | 1.17* | 0.51* | 1.17* | 44 | |
1.29 | 454,620 | 0.51 | 1.16 | 0.51 | 1.16 | 24 | |
0.75 | 515,315 | 0.50 | 1.17 | 0.50 | 1.17 | 36 | |
0.92 | 497,363 | 0.51 | 1.37 | 0.51 | 1.37 | 35 |
(a) | Per share Net Investment Income (Loss) is calculated using the average daily shares method. |
(b) | Total return is the combination of changes in NAV without any sales charge, reinvested dividend income at NAV and reinvested capital gains distributions at NAV, if any. Total returns are not annualized. |
(c) | After fee waiver and/or expense reimbursement from the Adviser, where applicable. During the fiscal years ended April 30, 2014 through April 30, 2016, the Advisor agreed to waive 0.45% of the 12b-1 distribution and/or service fees for Class C Shares through August 31, 2015. After August 31, 2015, the Adviser is no longer waiving fees or reimbursing expenses for Class C Shares. |
(d) | Portfolio Turnover Rate is calculated based on the lesser of long-term purchases or sales (as disclosed in Note 4 – Portfolio Securities and Investments in Derivatives, Investment Transactions) divided by the average long-term market value during the period. |
(e) | For the six months ended September 30, 2019. |
(f) | For the eleven months ended March 31, 2017. |
(g) | For the period February 10, 2014 (commencement of operations) through April 30, 2014. |
(h) | Formerly Class C Shares and renamed to Class C2 Shares on February 10, 2014. |
* | Annualized. |
** | Rounds to less than $.01 per share. |
All-American | Level 1 | Level 2 | Level 3 | Total |
Long-Tem Investments*: | ||||
Municipal Bonds | $ — | $5,098,750,743 | $ — | $5,098,750,743 |
Corporate Bonds | — | — | 665,958*** | 665,958 |
Investments in Derivatives: | ||||
Futures Contracts** | 384,134 | — | — | 384,134 |
Total | $384,134 | $5,098,750,743 | $665,958 | $5,099,800,835 |
Intermediate Duration | Level 1 | Level 2 | Level 3 | Total |
Long-Tem Investments*: | ||||
Municipal Bonds | $ — | $8,019,080,942 | $ — | $8,019,080,942 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 265,127,363 | — | 265,127,363 |
Total | $ — | $8,284,208,305 | $ — | $8,284,208,305 |
Limited Term | Level 1 | Level 2 | Level 3 | Total |
Long-Tem Investments*: | ||||
Municipal Bonds | $ — | $5,529,464,753 | $ — | $5,529,464,753 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 134,741,737 | — | 134,741,737 |
Total | $ — | $5,664,206,490 | $ — | $5,664,206,490 |
Short Term | Level 1 | Level 2 | Level 3 | Total |
Long-Tem Investments*: | ||||
Municipal Bonds | $ — | $565,777,049 | $ — | $565,777,049 |
Short-Term Investments*: | ||||
Municipal Bonds | — | 17,410,744 | — | 17,410,744 |
Total | $ — | $583,187,793 | $ — | $583,187,793 |
* | Refer to the Fund's Portfolio of Investments for state and or/industry classifications, where applicable. |
** | Represents net unrealized appreciation (depreciation) as reported in the Fund's Portfolio of Investments. |
*** | Refer to the Fund's Portfolio of Investments for securities classified as Level 3. |
Floating Rate Obligations Outstanding | All-American | Intermediate
Duration |
Limited Term | Short Term |
Floating rate obligations: self-deposited Inverse Floaters | $63,845,000 | $ — | $ — | $ — |
Floating rate obligations: externally-deposited Inverse Floaters | 17,285,000 | 12,490,000 | — | — |
Total | $81,130,000 | $12,490,000 | $ — | $ — |
Self-Deposited Inverse Floaters | All-American | Intermediate
Duration |
Limited Term | Short Term |
Average floating rate obligations outstanding | $64,320,164 | $ — | $ — | $ — |
Average annual interest rate and fees | 2.13% | —% | —% | —% |
Floating Rate Obligations - Recourse Trusts | All-American | Intermediate
Duration |
Limited Term | Short Term |
Maximum exposure to Recourse Trusts: self-deposited Inverse Floaters | $63,845,000 | $ — | $ — | $ — |
Floating Rate Obligations - Recourse Trusts | All-American | Intermediate
Duration |
Limited Term | Short Term |
Maximum exposure to Recourse Trusts: externally-deposited Inverse Floaters | 8,370,000 | 12,490,000 | — | — |
Total | $72,215,000 | $12,490,000 | $ — | $ — |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Purchases | $1,070,361,400 | $1,990,429,432 | $1,020,329,951 | $77,204,228 |
Sales and maturities | 173,349,570 | 582,560,831 | 463,462,900 | 75,762,898 |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Outstanding when-issued/delayed delivery purchase commitments | $60,371,549 | $88,309,893 | $137,103,185 | $4,377,611 |
All-American | |
Average notional amount of futures contracts outstanding* | $32,314,879 |
* | The average notional amount is calculated based on the absolute aggregate notional amount of contracts outstanding at the beginning of the current fiscal period and at the the end of each fiscal quarter within the current fiscal period. |
Location on the Statement of Assets and Liabilities | ||||||
Asset Derivatives | (Liability) Derivatives | |||||
Underlying
Risk Exposure |
Derivative
Instrument |
Location | Value | Location | Value | |
All-American | ||||||
Interest rate | Futures contracts | Receivable for variation margin on futures contracts* | $384,134 | — | $ — |
Fund | Underlying
Risk Exposure |
Derivative
Instrument |
Net
Realized Gain (Loss) from Futures Contracts |
Change
in net Unrealized Appreciation (Depreciation) of Futures Contracts |
All-American | Interest rate | Futures contracts | $(2,168,707) | $830,072 |
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 | ||||
All-American | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 40,381,229 | $ 477,236,907 | 44,885,366 | $ 510,454,387 | |
Class A – automatic conversion of Class C Shares | 3,569 | 42,202 | — | — | |
Class A – automatic conversion of Class C2 Shares | 4,947 | 58,547 | 369,166 | 4,226,950 | |
Class C | 3,180,129 | 37,666,669 | 4,082,141 | 46,333,449 | |
Class C2 | 40,762 | 482,913 | 274,332 | 3,111,090 | |
Class R6 | 1,407,066 | 16,716,449 | 610,541 | 6,998,807 | |
Class I | 56,499,604 | 670,792,566 | 67,092,270 | 765,538,207 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 2,156,995 | 25,581,679 | 3,766,619 | 42,860,757 | |
Class C | 190,696 | 2,259,390 | 387,058 | 4,403,986 | |
Class C2 | 124,964 | 1,481,009 | 351,352 | 4,000,384 | |
Class R6 | 30,022 | 358,261 | 21,075 | 241,184 | |
Class I | 2,499,834 | 29,765,039 | 4,468,238 | 51,052,991 | |
106,519,817 | 1,262,441,631 | 126,308,158 | 1,439,222,192 | ||
Shares redeemed: | |||||
Class A | (12,652,908) | (149,371,368) | (30,801,045) | (349,410,608) | |
Class C | (1,301,150) | (15,374,776) | (3,998,324) | (45,381,644) | |
Class C – automatic conversion to Class A Shares | (3,571) | (42,202) | — | — | |
Class C2 | (1,451,560) | (17,175,950) | (6,949,555) | (79,294,817) | |
Class C2 – automatic conversion to Class A Shares | (4,943) | (58,547) | (368,844) | (4,226,950) | |
Class R6 | (202,357) | (2,436,662) | (147,294) | (1,682,675) | |
Class I | (14,784,548) | (175,221,979) | (57,735,354) | (656,960,758) | |
(30,401,037) | (359,681,484) | (100,000,416) | (1,136,957,452) | ||
Net increase (decrease) | 76,118,780 | $ 902,760,147 | 26,307,742 | $ 302,264,740 |
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 | ||||
Intermediate Duration | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 13,519,292 | $ 127,248,198 | 20,354,573 | $ 185,136,034 | |
Class A – automatic conversion of Class C2 Shares | 1,704 | 15,817 | 122,797 | 1,121,138 | |
Class C | 1,147,779 | 10,821,072 | 1,484,544 | 13,509,150 | |
Class C2 | 30,588 | 288,310 | 93,556 | 849,989 | |
Class I | 177,851,975 | 1,677,693,689 | 272,722,979 | 2,485,415,929 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 804,997 | 7,592,950 | 1,449,600 | 13,210,677 | |
Class C | 44,054 | 415,409 | 85,424 | 778,462 | |
Class C2 | 35,493 | 334,903 | 98,697 | 899,888 | |
Class I | 6,234,410 | 58,976,192 | 10,487,256 | 95,835,014 | |
199,670,292 | 1,883,386,540 | 306,899,426 | 2,796,756,281 | ||
Shares redeemed: | |||||
Class A | (5,863,892) | (55,230,937) | (14,898,708) | (135,493,790) | |
Class C | (533,575) | (5,020,410) | (1,548,756) | (14,072,502) | |
Class C2 | (648,295) | (6,097,323) | (2,681,340) | (24,445,304) | |
Class C2 – automatic conversion to Class A Shares | (1,702) | (15,817) | (122,663) | (1,121,138) | |
Class I | (50,807,263) | (479,759,968) | (149,655,811) | (1,362,312,498) | |
(57,854,727) | (546,124,455) | (168,907,278) | (1,537,445,232) | ||
Net increase (decrease) | 141,815,565 | $1,337,262,085 | 137,992,148 | $ 1,259,311,049 |
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 | ||||
Limited Term | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 16,321,990 | $ 182,553,057 | 29,184,682 | $ 318,224,542 | |
Class A – automatic conversion of Class C2 Shares | 14,427 | 161,630 | 196,511 | 2,140,101 | |
Class C | 685,876 | 7,644,867 | 2,039,063 | 22,105,146 | |
Class C2 | 33,134 | 371,082 | 136,046 | 1,478,708 | |
Class I | 78,450,521 | 874,964,507 | 183,860,174 | 1,996,082,522 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 785,521 | 8,790,787 | 1,478,557 | 16,130,854 | |
Class C | 36,153 | 403,043 | 73,469 | 798,511 | |
Class C2 | 96,127 | 1,073,210 | 255,740 | 2,781,883 | |
Class I | 2,452,863 | 27,359,727 | 4,388,095 | 47,707,515 | |
98,876,612 | 1,103,321,910 | 221,612,337 | 2,407,449,782 | ||
Shares redeemed: | |||||
Class A | (10,436,732) | (116,589,684) | (31,421,757) | (342,314,498) | |
Class C | (917,052) | (10,197,792) | (3,159,190) | (34,322,053) | |
Class C2 | (3,045,871) | (33,998,209) | (9,894,171) | (107,597,791) | |
Class C2 – automatic conversion to Class A Shares | (14,464) | (161,630) | (197,052) | (2,140,101) | |
Class I | (58,509,905) | (650,099,339) | (123,784,656) | (1,343,244,178) | |
(72,924,024) | (811,046,654) | (168,456,826) | (1,829,618,621) | ||
Net increase (decrease) | 25,952,588 | $ 292,275,256 | 53,155,511 | $ 577,831,161 |
Six
Months Ended 9/30/19 |
Year
Ended 3/31/19 | ||||
Short Term | Shares | Amount | Shares | Amount | |
Shares sold: | |||||
Class A | 1,887,752 | $ 19,138,793 | 8,664,657 | $ 86,445,049 | |
Class A – automatic conversion of Class C Shares | 3,196 | 32,254 | — | — | |
Class A – automatic conversion of Class C2 Shares | 33,058 | 336,395 | 6,129 | 61,289 | |
Class C | 167,682 | 1,697,585 | 462,792 | 4,602,316 | |
Class C2 | 461 | 4,685 | 27,088 | 269,876 | |
Class I | 5,108,867 | 51,887,076 | 21,616,358 | 216,250,681 | |
Shares issued to shareholders due to reinvestment of distributions: | |||||
Class A | 98,776 | 1,002,271 | 172,029 | 1,720,393 | |
Class C | 2,132 | 21,572 | 3,380 | 33,726 | |
Class C2 | 2,958 | 29,978 | 6,475 | 64,673 | |
Class I | 204,450 | 2,076,727 | 307,594 | 3,080,097 | |
7,509,332 | 76,227,336 | 31,266,502 | 312,528,100 | ||
Shares redeemed: | |||||
Class A | (3,085,343) | (31,271,973) | (10,239,513) | (102,425,941) | |
Class C | (104,796) | (1,058,827) | (605,187) | (6,037,377) | |
Class C – automatic conversion to Class A Shares | (3,206) | (32,254) | — | — | |
Class C2 | (103,039) | (1,041,090) | (358,632) | (3,581,329) | |
Class C2 – automatic conversion to Class A Shares | (33,090) | (336,395) | (6,135) | (61,289) | |
Class I | (6,070,751) | (61,604,771) | (19,157,751) | (191,799,143) | |
(9,400,225) | (95,345,310) | (30,367,218) | (303,905,079) | ||
Net increase (decrease) | (1,890,893) | $(19,117,974) | 899,284 | $ 8,623,021 |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Tax cost of investments | $4,667,850,139 | $7,880,190,348 | $5,523,578,188 | $575,347,055 |
Gross unrealized: | ||||
Appreciation | $ 377,262,984 | $ 421,466,309 | $ 157,538,998 | $ 8,468,134 |
Depreciation | (9,542,129) | (17,448,352) | (16,910,696) | (627,396) |
Net unrealized appreciation (depreciation) of investments | $ 367,720,855 | $ 404,017,957 | $ 140,628,302 | $ 7,840,738 |
All-American | |
Tax cost of futures contracts | $384,134 |
Net unrealized appreciation (depreciation) of futures contracts | — |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Undistributed net tax-exempt income1 | $14,723,072 | $28,811,589 | $20,097,766 | $2,629,170 |
Undistributed net ordinary income2 | 173,795 | 204,558 | 39,163 | 1,204 |
Undistributed net long-term capital gains | — | — | — | — |
1 | Undistributed net tax-exempt income (on a tax basis) has not been reduced for the dividends declared during the period period March 1, 2019 through March 31, 2019 and paid on April 1, 2019. |
2 | Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Distributions from net tax-exempt income | $137,201,532 | $170,967,589 | $94,254,092 | $8,133,742 |
Distributions from net ordinary income2 | 895,949 | 688,743 | 441,733 | — |
Distributions from net long-term capital gains | — | — | — | — |
2 | Net ordinary income consists of taxable market discount income and net short-term capital gains, if any. |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Not subject to expiration: | ||||
Short-term | $57,655,958 | $12,385,181 | $ 7,579,572 | $ 248,748 |
Long-term | 20,089,172 | 8,731,861 | 14,426,189 | 1,167,863 |
Total | $77,745,130 | $21,117,042 | $22,005,761 | $1,416,611 |
All-American | Limited Term | |
Expired capital loss carryforwards | $881,168 | $1,598,268 |
Average Daily Net Assets | All-
American |
Intermediate
Duration |
Limited
Term |
Short
Term |
For the first $125 million | 0.3000% | 0.3000% | 0.2500% | 0.2500% |
For the next $125 million | 0.2875 | 0.2875 | 0.2375 | 0.2375 |
For the next $250 million | 0.2750 | 0.2750 | 0.2250 | 0.2250 |
For the next $500 million | 0.2625 | 0.2625 | 0.2125 | 0.2125 |
For the next $1 billion | 0.2500 | 0.2500 | 0.2000 | 0.2000 |
For the next $3 billion | 0.2250 | 0.2250 | 0.1750 | 0.1750 |
For the next $5 billion | 0.2000 | 0.2000 | 0.1500 | 0.1500 |
For net assets of $10 billion and greater | 0.1875 | 0.1875 | 0.1375 | 0.1375 |
Complex-Level Eligible Asset Breakpoint Level* | Effective Complex-Level Fee Rate at Breakpoint Level |
$55 billion | 0.2000% |
$56 billion | 0.1996 |
$57 billion | 0.1989 |
$60 billion | 0.1961 |
$63 billion | 0.1931 |
$66 billion | 0.1900 |
$71 billion | 0.1851 |
$76 billion | 0.1806 |
$80 billion | 0.1773 |
$91 billion | 0.1691 |
$125 billion | 0.1599 |
$200 billion | 0.1505 |
$250 billion | 0.1469 |
$300 billion | 0.1445 |
Fund | Complex-Level Fee |
All-American | 0.1602% |
Intermediate Duration | 0.1602% |
Limited Term | 0.1570% |
Short Term | 0.1774% |
Fund | Temporary
Expense Cap |
Temporary
Expense Cap Expiration Date |
Permanent
Expense Cap |
Intermediate Duration | N/A | N/A | 0.75% |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Sales charges collected | $4,519,568 | $964,168 | $888,225 | $111,489 |
Paid to financial intermediaries | 4,382,027 | 935,558 | 851,584 | 105,696 |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
Commission advances | $3,858,348 | $934,010 | $773,791 | $88,300 |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
12b-1 fees retained | $210,688 | $52,477 | $47,356 | $3,163 |
All-American | Intermediate
Duration |
Limited Term | Short Term | |
CDSC retained | $29,566 | $37,633 | $53,938 | $7,143 |
All-
American |
Limited
Term | |
Maximum outstanding balance | $47,500,000 | $93,000,000 |
All-
American |
Limited
Term | |
Utilization period (days outstanding) | 30 | 30 |
Average daily balance outstanding | $12,586,667 | $34,293,333 |
Average annual interest rate | 3.36% | 3.43% |
• | Fund Improvements and Product Management Initiatives – continuing to proactively manage the Nuveen fund complex as a whole and at the individual fund level with an aim to enhance the shareholder outcomes through, among other things, repositioning funds, merging funds, introducing additional share classes, reviewing and updating investment policies and benchmarks, modifying the composition of certain portfolio management teams and analyzing various data to help devise such improvements; |
• | Capital Initiatives – continuing to invest capital to support new funds with initial capital as well as to facilitate modifications to the strategies or structure of existing funds; |
• | Compliance Program Initiatives – continuing efforts to enhance the compliance program through, among other things, internally integrating various portfolio management teams and aligning compliance support accordingly, completing a comprehensive review of existing policies and procedures and revising such policies and procedures as appropriate, enhancing compliance-related technologies and workflows, and optimizing compliance shared services across the organization and affiliates; |
• | Risk Management and Valuation Services - continuing efforts to strengthen the risk management functions, including through, among other things, enhancing the interaction and reporting between the investment risk management team and various affiliates, increasing the efficiency of risk monitoring performed on the Nuveen funds through improved reporting, continuing to implement risk programs designed to provide a more disciplined and consistent approach to identifying and mitigating operational risks, continuing progress on implementing a liquidity program that complies with the new liquidity regulatory requirements and continuing to oversee the daily valuation process; |
• | Additional Compliance Services – continuing investment of time and resources necessary to develop the compliance policies and procedures and other related tools necessary to meet the various new regulatory requirements affecting the Nuveen funds that have been adopted over recent years; |
• | Government Relations – continuing efforts of various Nuveen teams and affiliates to advocate and communicate their positions with lawmakers and other regulatory bodies on issues that will impact the Nuveen funds; |
• | Business Continuity, Disaster Recovery and Information Services – establishing an information security program to help identify and manage information security risks, periodically testing disaster recovery plans, maintaining and updating business continuity plans and providing reports to the Board, at least annually, addressing, among other things, management’s security risk assessment, cyber risk profile, incident tracking and other relevant information technology risk-related reports; and |
• | Expanded Dividend Management Services – continuing to expand the services necessary to manage the dividends among the varying types of Nuveen funds that have developed as the Nuveen complex has grown in size and scope. |
Item 2. Code of Ethics.
Not applicable to this filing.
Item 3. Audit Committee Financial Expert.
Not applicable to this filing.
Item 4. Principal Accountant Fees and Services.
Not applicable to this filing.
Item 5. Audit Committee of Listed Registrants.
Not applicable to this registrant.
Item 6. Schedule of Investments.
(a) See Portfolio of Investments in Item 1.
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable to this registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Not applicable to this registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
There have been no material changes to the procedures by which shareholders may recommend nominees to the registrants Board implemented after the registrant last provided disclosure in response to this Item.
Item 11. Controls and Procedures.
(a) | The registrants principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the 1940 Act) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the Exchange Act) (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
(b) | There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting. |
Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.
Not applicable.
Item 13. Exhibits.
File the exhibits listed below as part of this Form.
(a)(1) Any code of ethics, or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy the Item 2 requirements through filing of an exhibit: Not applicable to this filing.
(a)(2) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)) in the exact form set forth below: See EX-99.CERT attached hereto.
(a)(3) Any written solicitation to purchase securities under Rule 23c-1 under the 1940 Act (17 CFR 270.23c-1) sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons: Not applicable to this registrant.
(a)(4) Change in the registrants independent public accountant. Not applicable.
(b) If the report is filed under Section 13(a) or 15(d) of the Exchange Act, provide the certifications required by Rule 30a-2(b) under the 1940 Act (17 CFR 270.30a-2(b)), Rule 13a-14(b) or Rule 15d-14(b) under the Exchange Act (17 CFR 240.13a-14(b) or 240.15d-14(b)), and Section 1350 of Chapter 63 of Title 18 of the United States Code (18 U.S.C. 1350) as an Exhibit. A certification furnished pursuant to this paragraph will not be deemed filed for purposes of Section 18 of the Exchange Act (15 U.S.C. 78r), or otherwise subject to the liability of that section. Such certification will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act, except to the extent that the registration specifically incorporates it by reference: See EX-99.906 CERT attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Nuveen Investment Funds, Inc.
By | (Signature and Title) | /s/ Christopher M. Rohrbacher | ||||
Christopher M. Rohrbacher Vice President and Secretary |
Date: December 5, 2019
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By | (Signature and Title) | /s/ Greg A. Bottjer | ||||
Greg A. Bottjer Chief Administrative Officer (principal executive officer) |
Date: December 5, 2019
By | (Signature and Title) | /s/ E. Scott Wickerham | ||||
E. Scott Wickerham Vice President and Controller (principal financial officer) |
Date: December 5, 2019
EX-99.CERT
CERTIFICATIONS
I, Greg A. Bottjer, certify that:
1. | I have reviewed this report on Form N-CSR of Nuveen Investment Funds, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
a) | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b) | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c) | evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
d) | disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
a) | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
b) | any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: December 5, 2019
/s/ Greg A. Bottjer |
Greg A. Bottjer Chief Administrative Officer (principal executive officer) |
I, E. Scott Wickerham, certify that:
1. | I have reviewed this report on Form N-CSR of Nuveen Investment Funds, Inc.; |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
a) | designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
b) | designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
c) | evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and |
d) | disclosed in this report any change in the registrants internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
a) | all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and |
b) | any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
Date: December 5, 2019
/s/ E. Scott Wickerham |
E. Scott Wickerham Vice President and Controller (principal financial officer) |
EX-99.906CERT
Certification Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002; provided by the Chief Executive Officer and Chief Financial Officer, based on each such officers knowledge and belief.
The undersigned officers of Nuveen Investment Funds, Inc. (the Registrant), certify that, to the best of each such officers knowledge and belief:
1. | The Form N-CSR of the Registrant for the period ended September 30, 2019 (the Report) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and |
2. | The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant. |
Date: December 5, 2019
/s/ Greg A. Bottjer |
Greg A. Bottjer Chief Administrative Officer (principal executive officer) |
/s/ E. Scott Wickerham |
E. Scott Wickerham Vice President and Controller (principal financial officer) |