Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—97.8%
|
|
|
|
Alabama—1.1%
|
|
$ 500,000
|
1,2
|
Huntsville, AL Special Care Facilities Financing Authority (Redstone Village), Retirement
Facilities Revenue Bonds
(Series 2011A), (Original Issue Yield: 7.625%), 7.500%, 1/1/2047
|
$ 290,000
|
1,500,000
|
1,2
|
Huntsville, AL Special Care Facilities Financing Authority (Redstone Village), Retirement
Facility Revenue Bonds (Series 2007),
(Original Issue Yield: 5.600%), 5.500%, 1/1/2043
|
870,000
|
2,000,000
|
|
Jefferson County, AL Sewer System, Senior Lien Sewer Revenue Current Interest Warrants
(Series 2013A), (Original Issue
Yield: 5.450%), (Assured Guaranty Municipal Corp. INS), 5.250%, 10/1/2048
|
2,019,262
|
2,000,000
|
|
Jefferson County, AL Sewer System, Senior Lien Sewer Revenue Current Interest Warrants
(Series 2013-A), (Original Issue
Yield: 5.650%), (Assured Guaranty Municipal Corp. INS), 5.500%, 10/1/2053
|
2,030,735
|
|
|
TOTAL
|
5,209,997
|
|
|
Alaska—0.0%
|
|
1,000,000
|
1,2
|
Alaska Industrial Development and Export Authority (Boys & Girls Home & Family Services,
Inc.), Community Provider
Revenue Bonds (Series 2007C), 6.000%, 12/1/2036
|
1,100
|
|
|
Arizona—3.0%
|
|
650,000
|
3
|
Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series
2017D), 5.000%, 7/1/2051
|
572,370
|
500,000
|
3
|
Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series
2017G), 5.000%, 7/1/2051
|
440,285
|
1,000,000
|
3
|
Arizona State IDA (Doral Academy of Nevada FMMR), Education Revenue Bonds (Series
2019A), 5.000%, 7/15/2049
|
919,653
|
1,750,000
|
3
|
Arizona State IDA (Pinecrest Academy of Nevada), Horizon, Inspirada and St. Rose Campus
Education Revenue Bonds
(Series 2018A), 5.750%, 7/15/2048
|
1,757,865
|
1,000,000
|
|
Chandler, AZ IDA (Intel Corp.), Industrial Development Revenue Bonds (Series 2022-2),
5.000%, Mandatory Tender 9/1/2027
|
1,032,384
|
1,000,000
|
|
Maricopa County, AZ, IDA (Commercial Metals Corp.), Exempt Facilities Revenue Bonds
(Series 2022), 4.000%, 10/15/2047
|
836,966
|
1,000,000
|
3
|
Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2047
|
917,061
|
1,500,000
|
|
Phoenix, AZ IDA (GreatHearts Academies), Education Facility Revenue Bonds (Series
2014A), 5.000%, 7/1/2044
|
1,437,482
|
1,000,000
|
|
Phoenix, AZ IDA (GreatHearts Academies), Education Facility Revenue Bonds (Series
2016A), 5.000%, 7/1/2046
|
946,324
|
1,000,000
|
3
|
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series
2022A), 6.250%, 11/15/2035
|
1,010,182
|
1,000,000
|
3
|
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series
2022A), 7.000%, 11/15/2057
|
1,009,191
|
3,000,000
|
|
Salt Verde Financial Corp., AZ, Senior Gas Revenue Bonds (Series 2007), (Original
Issue Yield: 5.100%), (Citigroup, Inc. GTD),
5.000%, 12/1/2037
|
3,182,050
|
|
|
TOTAL
|
14,061,813
|
|
|
Arkansas—0.3%
|
|
1,250,000
|
|
Arkansas Development Finance Authority (United States Steel Corp.), Environmental
Improvement Revenue Bonds
(Series 2022), 5.450%, 9/1/2052
|
1,209,384
|
|
|
California—6.3%
|
|
4,445,000
|
|
California Health Facilities Financing Authority (Cedars-Sinai Medical Center), Revenue
Refunding Bonds (Series 2021A),
5.000%, 8/15/2051
|
4,777,125
|
2,250,000
|
|
California Municipal Finance Authority (Republic Services, Inc.), Solid Waste Disposal
Revenue Bonds (Series 2023A), 4.375%,
Mandatory Tender 9/1/2033
|
2,266,522
|
500,000
|
3
|
California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living
Revenue Refunding Bonds (Series 2021A),
5.000%, 11/15/2046
|
437,548
|
750,000
|
3
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2014A), 5.125%, 7/1/2044
|
750,891
|
565,000
|
3
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2015A), 5.000%, 7/1/2045
|
566,304
|
500,000
|
3
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2017A), 5.000%, 7/1/2047
|
501,401
|
2,000,000
|
|
California State Municipal Finance Authority (LINXS APM Project), Senior Lien Revenue
Bonds (Series 2018A),
5.000%, 12/31/2043
|
2,018,212
|
1,000,000
|
3
|
California State School Finance Authority Charter School Revenue (Bright Star Schools-Obligated
Group), Charter School
Revenue Bonds (Series 2017), 5.000%, 6/1/2037
|
968,530
|
500,000
|
3
|
California State School Finance Authority Charter School Revenue (Rocketship Public
Schools), Revenue Bonds
(Series 2017G), 5.000%, 6/1/2047
|
472,917
|
580,000
|
3
|
California State School Finance Authority Charter School Revenue (Summit Public Schools
Obligated Group), (Series 2017),
(United States Treasury PRF 6/1/2027@100), 5.000%, 6/1/2053
|
614,819
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
California—continued
|
|
$ 520,000
|
3
|
California State School Finance Authority Charter School Revenue (Summit Public Schools
Obligated Group), (Series 2017),
5.000%, 6/1/2053
|
$ 454,300
|
900,000
|
|
California State, Various Purpose UT GO Bonds, 5.250%, 9/1/2047
|
1,007,440
|
2,250,000
|
3
|
California Statewide Communities Development Authority (Loma Linda University Medical
Center ), Revenue Bonds
(Series 2016A), 5.000%, 12/1/2046
|
2,206,452
|
1,000,000
|
|
Community Facilities District No. 2017 of the County of Orange (CFD 2017-1 (Village
of Esencia)), Improvement Area No.1
Special Tax Revenue Bonds (Series 2018A), 5.000%, 8/15/2042
|
1,020,391
|
5,000,000
|
4
|
Golden State Tobacco Securitization Corp., CA, Subordinate Tobacco Settlement Asset-Backed
Bonds (Series 2021B-2),
0.000%, 6/1/2066
|
519,596
|
1,590,000
|
|
Golden State Tobacco Securitization Corp., CA, Tobacco Settlement Asset-Backed Bonds
(Series 2022), 5.000%, 6/1/2051
|
1,631,184
|
95,000
|
|
Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement
Bonds, 5.000%, 9/2/2028
|
95,479
|
365,000
|
|
Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement
Bonds, 5.000%, 9/2/2029
|
366,816
|
180,000
|
|
Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement
Bonds, 5.000%, 9/2/2030
|
180,873
|
2,500,000
|
|
M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Citigroup, Inc. GTD),
7.000%, 11/1/2034
|
3,113,668
|
1,000,000
|
|
Orange County, CA Community Facilities District No. 2023-1 (Rienda Phase 2B), Special
Tax Bonds (Series 2023A), (Original
Issue Yield: 5.550%), 5.500%, 8/15/2053
|
1,019,607
|
1,250,000
|
|
Orange County, CA Community Facilities District No.2016-1 (CFD 2016-1 (Village of
Esencia)), Special Tax Revenue Bonds
(Series 2016A), 5.000%, 8/15/2041
|
1,264,328
|
1,000,000
|
|
Palomar Health, CA Revenue, (Series 2016), 5.000%, 11/1/2039
|
1,004,350
|
1,000,000
|
|
Roseville, CA Special Tax (Fiddyment Ranch CFD No. 1), Special Tax Refunding Revenue
Bonds (Series 2017),
5.000%, 9/1/2034
|
1,036,927
|
1,255,000
|
|
Roseville, CA Special Tax (Fiddyment Ranch CFD No. 5), Special Tax Revenue Bonds (Series
2021), 4.000%, 9/1/2050
|
1,069,621
|
|
|
TOTAL
|
29,365,301
|
|
|
Colorado—6.0%
|
|
1,000,000
|
|
Banning Lewis Ranch Metropolitan District No.4, LT GO Bonds (Series 2018A), 5.750%,
12/1/2048
|
992,134
|
1,000,000
|
|
Banning Lewis Ranch Regional Metropolitan District, LT GO Bonds (Series 2018A), 5.375%,
12/1/2048
|
950,429
|
1,500,000
|
|
Base Village Metropolitan District No. 2, LT GO Refunding Bonds (Series 2016A), 5.750%,
12/1/2046
|
1,500,803
|
500,000
|
|
Colorado Educational & Cultural Facilities Authority (Aspen View Academy), Charter
School Revenue Bonds (Series 2021),
4.000%, 5/1/2061
|
374,705
|
2,000,000
|
|
Colorado Educational & Cultural Facilities Authority (James Irwin Educational Foundation),
Charter School Revenue Bonds
(Series 2022), 5.000%, 9/1/2062
|
1,914,757
|
1,000,000
|
3
|
Colorado Educational & Cultural Facilities Authority (Loveland Classical School),
School Improvement Revenue Bonds
(Series 2016), 5.000%, 7/1/2036
|
1,004,413
|
1,625,000
|
|
Colorado Educational & Cultural Facilities Authority (Skyview Academy), Charter School
Refunding & Improvement Revenue
Bonds (Series 2014), 5.500%, 7/1/2049
|
1,581,447
|
1,000,000
|
|
Colorado Educational & Cultural Facilities Authority (University Lab School), Charter
School Refunding & Improvement
Revenue Bonds (Series 2015), (Original Issue Yield: 5.020%), 5.000%, 12/15/2045
|
1,000,870
|
5,000,000
|
|
Colorado Health Facilities Authority (Advent Health System/Sunbelt Obligated Group),
Hospital Revenue Bonds
(Series 2021A), 4.000%, 11/15/2050
|
4,591,754
|
1,500,000
|
|
Colorado Health Facilities Authority (Christian Living Communities), Revenue Refunding
Bonds (Series 2016),
5.000%, 1/1/2031
|
1,472,807
|
750,000
|
|
Denver, CO City & County Department of Aviation (Denver, CO City & County Airport
Authority), Airport System Subordinate
Revenue Bonds (Series 2023B), 5.500%, 11/15/2040
|
837,332
|
500,000
|
|
Denver, CO Convention Center Hotel Authority, Senior Revenue Refunding Bonds (Series
2016), 5.000%, 12/1/2040
|
501,445
|
1,000,000
|
3
|
Denver, CO Health & Hospital Authority, Revenue Refunding Bonds (Series 2017A), 5.000%,
12/1/2034
|
1,033,987
|
615,000
|
|
Eagle County, CO Air Terminal Corp., Revenue Refunding Bonds (Series 2011A), 6.000%,
5/1/2027
|
615,672
|
1,170,000
|
|
Hogback Metropolitan District, CO, Limited Tax GO Bonds (Series 2021A), 5.000%, 12/1/2051
|
998,187
|
1,500,000
|
|
Lakes at Centerra Metropolitan District No. 2, LT GO Refunding and Improvement Bonds
(Series 2018A), 5.125%, 12/1/2037
|
1,439,935
|
2,500,000
|
|
North Range, CO Metropolitan District No. 2, LT GO and Special Revenue Refunding and
Improvement Bonds (Series 2017A),
5.750%, 12/1/2047
|
2,508,590
|
2,000,000
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds (Series 2008),
(Original Issue Yield: 6.630%),
(Bank of America Corp. GTD), 6.250%, 11/15/2028
|
2,122,396
|
2,510,000
|
|
St. Vrain Lakes, CO Metropolitan District No.2, Limited Tax GO Senior Bonds (Series
2017A), 5.000%, 12/1/2037
|
2,431,358
|
|
|
TOTAL
|
27,873,021
|
|
|
Connecticut—0.5%
|
|
1,000,000
|
|
Connecticut Development Authority (Bombardier, Inc.), Airport Facility Revenue Bonds,
7.950%, 4/1/2026
|
1,000,145
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Connecticut—continued
|
|
$ 1,500,000
|
|
Steel Point Infrastructure Improvement District, Steelpoint Harbor Special Obligation
Revenue Bonds (Series 2021),
4.000%, 4/1/2051
|
$ 1,174,848
|
|
|
TOTAL
|
2,174,993
|
|
|
Delaware—1.6%
|
|
1,600,000
|
|
Delaware EDA (Newark Charter School, Inc.), Charter School Revenue Bonds (Series 2021),
4.000%, 9/1/2041
|
1,446,228
|
3,000,000
|
|
Delaware Health Facilities Authority (Christiana Care Health Services), Revenue and
Refunding Bonds (Series 2020A),
4.000%, 10/1/2049
|
2,860,509
|
3,000,000
|
3
|
Millsboro, DE Special Obligations (Plantation Lakes Special Development District),
Special Tax Revenue Refunding Bonds
(Series 2018), (Original Issue Yield: 5.140%), 5.125%, 7/1/2038
|
2,921,204
|
|
|
TOTAL
|
7,227,941
|
|
|
District of Columbia—1.2%
|
|
1,000,000
|
|
District of Columbia (Friendship Public Charter School, Inc.), Revenue Bonds (Series
2016A), 5.000%, 6/1/2046
|
973,076
|
1,000,000
|
|
District of Columbia (Ingleside at Rock Creek), Project Revenue Bonds (Series 2017A),
(Original Issue Yield: 5.250%),
5.000%, 7/1/2052
|
798,663
|
1,000,000
|
|
District of Columbia (KIPP DC), Revenue Bonds (Series 2019), 4.000%, 7/1/2039
|
951,289
|
1,700,000
|
|
Washington Metropolitan Area Transit Authority, Dedicated Revenue Ronds (Series 2020A),
4.000%, 7/15/2045
|
1,668,679
|
1,180,000
|
|
Washington Metropolitan Area Transit Authority, Dedicated Revenue Ronds (Series 2020A),
5.000%, 7/15/2045
|
1,262,118
|
|
|
TOTAL
|
5,653,825
|
|
|
Florida—9.1%
|
|
1,245,000
|
|
Alta Lakes, FL CDD, Special Assessment Bonds (Series 2019), 4.625%, 5/1/2049
|
1,072,508
|
125,000
|
|
Arborwood, FL CDD, Special Assessment Revenue Bonds (Series 2014A-1), (Original Issue
Yield: 6.900%), 6.900%, 5/1/2036
|
125,028
|
450,000
|
|
Artisan Lakes East CDD, Capital Improvement Revenue Bonds (Series 2021-1), 4.000%,
5/1/2051
|
339,043
|
550,000
|
|
Artisan Lakes East CDD, Capital Improvement Revenue Bonds (Series 2021-2), 4.000%,
5/1/2052
|
409,545
|
1,365,000
|
|
Boggy Branch CDD, FL, Special Assessment Bonds (Series 2021), 4.000%, 5/1/2051
|
1,047,305
|
3,000,000
|
|
Broward County, FL (Broward County, FL Convention Center Hotel), First Tier Revenue
Bonds (Series 2022), (Broward County,
FL GTD), 5.500%, 1/1/2055
|
3,284,365
|
2,237,081
|
1,2,3
|
Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds
(Series 2013A), (Original Issue
Yield: 8.375%), 8.250%, 5/15/2049
|
71,587
|
1,000,000
|
3
|
Florida Development Finance Corp. (Glenridge on Palmer Ranch), Senior Living Revenue
and Refunding Bonds (Series 2021),
5.000%, 6/1/2051
|
797,179
|
1,000,000
|
|
Florida Development Finance Corp. (Mayflower Retirement Community), Senior Living
Revenue Bonds (Series 2021A),
4.000%, 6/1/2055
|
587,940
|
1,000,000
|
|
Florida Development Finance Corp. (Shands Jacksonville Medical Center, Inc.), UFHealth
Revenue Refunding Bonds
(Series 2022A), 5.000%, 2/1/2052
|
881,307
|
500,000
|
|
Hacienda North CDD, Special Assessment Bonds (Series 2023), 6.300%, 5/1/2043
|
519,368
|
1,000,000
|
|
Hacienda North CDD, Special Assessment Bonds (Series 2023), 6.500%, 5/1/2053
|
1,038,392
|
1,000,000
|
|
Harbor Bay, FL CDD, Special Assessment District Area One (Series 2019A-1), (Original
Issue Yield: 4.140%), 4.100%, 5/1/2048
|
792,296
|
265,000
|
|
Lakes of Sarasota CDD, Improvment Revenue Bonds Phase 1 Project (Series 2021A-1),
4.100%, 5/1/2051
|
209,017
|
450,000
|
|
Lakes of Sarasota CDD, Improvment Revenue Bonds Phase 1 Project (Series 2021A-2),
(Original Issue Yield: 3.960%),
3.875%, 5/1/2031
|
425,922
|
555,000
|
|
Lakewood Ranch Stewardship District, FL (Indigo Expansion Area Project), Special Assessment
Revenue Bonds (Series 2019),
4.000%, 5/1/2049
|
433,428
|
1,000,000
|
|
Lakewood Ranch Stewardship District, FL (Lakewood Centre North), Special Assessment
Revenue Bonds (Series 2015),
(Original Issue Yield: 4.960%), 4.875%, 5/1/2045
|
920,418
|
1,000,000
|
|
Lakewood Ranch Stewardship District, FL (Lakewood National & Polo Run), Special Assessment
Bonds, (Original Issue Yield:
5.400%), 5.375%, 5/1/2047
|
1,003,158
|
750,000
|
|
Lakewood Ranch Stewardship District, FL (Northeast Sector Phase-2B), Special Assessment
Revenue Bonds (Series 2020),
4.000%, 5/1/2050
|
580,380
|
1,000,000
|
|
Lakewood Ranch Stewardship District, FL (Northeast Sector Project - Phase 1B), Special
Assessment Revenue Bonds
(Series 2018), 5.450%, 5/1/2048
|
985,851
|
1,000,000
|
|
Lakewood Ranch Stewardship District, FL (Taylor Ranch), Special Assessment Revenue
Bonds (Series 2023), 6.300%, 5/1/2054
|
1,014,838
|
1,075,000
|
|
Lakewood Ranch Stewardship District, FL (Villages of Lakewood Ranch South), Special
Assessment Revenue Bonds
(Series 2016), (Original Issue Yield: 5.160%), 5.125%, 5/1/2046
|
1,024,622
|
1,000,000
|
|
Lee County, FL IDA (Cypress Cove at Healthpark), Healthcare Facilities Revenue Bonds
(Series 2022A), 5.250%, 10/1/2057
|
810,147
|
1,000,000
|
|
LT Ranch, FL CDD (LT Ranch, FL CDD Phase IIA Assessment Area), Capital Improvement
Revenue Bonds Phase IIA
(Series 2022-2), (Original Issue Yield: 5.740%), 5.700%, 5/1/2053
|
997,109
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Florida—continued
|
|
$ 1,840,000
|
|
LT Ranch, FL CDD, Capital Improvement Revenue Bonds (Series 2019), 4.000%, 5/1/2050
|
$ 1,417,619
|
2,000,000
|
|
Miami-Dade County, FL Aviation, Aviation Revenue Refunding Bonds (Series 2017B), 5.000%,
10/1/2040
|
2,023,107
|
745,000
|
|
Midtown Miami, FL CDD, Special Assessment & Revenue Refunding Bonds (Series 2014A),
(Original Issue Yield: 5.250%),
5.000%, 5/1/2037
|
718,844
|
1,000,000
|
|
North River Ranch Improvement Stewardship District, Special Assessment Revenue Bonds
(Series 2023A-1), 5.800%, 5/1/2043
|
972,566
|
1,000,000
|
|
North River Ranch Improvement Stewardship District, Special Assessment Revenue Bonds
(Series 2023A-1), 6.000%, 5/1/2054
|
964,771
|
2,000,000
|
3
|
Polk County, FL IDA (Mineral Development, LLC), Secondary Phosphate Tailings Recovery
Project Revenue Bonds
(Series 2020), 5.875%, 1/1/2033
|
1,990,871
|
145,000
|
1,2
|
Reunion East CDD, FL, Special Assessment Bonds (Series 2002A-1), 7.375%, 5/1/2033
|
1
|
1,125,000
|
|
River Landing CDD, Capital Improvement Revenue Bonds (Series 2020A), (Original Issue
Yield: 4.360%), 4.350%, 5/1/2051
|
912,919
|
900,000
|
|
Rivers Edge III CDD, Capital Improvement Revenue Bonds (Series 2021), 4.000%, 5/1/2051
|
685,940
|
1,250,000
|
|
Seminole County, FL IDA (Legacy Pointe at UCF), Retirement Facilities Revenue Bonds
(Series 2019A), 5.750%, 11/15/2054
|
958,024
|
745,000
|
|
Southern Grove, FL CDD #5, Special Assessment Bonds (Series 2021), 4.000%, 5/1/2048
|
580,297
|
585,000
|
|
Southern Grove, FL CDD #5, Special Assessment District Revenue Refunding Bonds (Series
2019), 4.000%, 5/1/2043
|
478,861
|
500,000
|
|
St. Johns County, FL IDA (Vicar’s Landing), Senior Living Revenue Bonds (Series 2021A), 4.000%, 12/15/2050
|
347,136
|
495,000
|
|
Talavera, FL CDD, Capital Improvement Revenue Bonds (Series 2019), 4.350%, 5/1/2040
|
438,450
|
770,000
|
|
Talavera, FL CDD, Capital Improvement Revenue Bonds (Series 2019), 4.500%, 5/1/2050
|
643,461
|
1,000,000
|
|
Three Rivers CDD, Special Assessment Refunding Bonds (Series 2023), (Original Issue
Yield: 5.600%), 5.550%, 5/1/2043
|
973,322
|
1,000,000
|
|
Three Rivers CDD, Special Assessment Refunding Bonds (Series 2023), (Original Issue
Yield: 5.800%), 5.750%, 5/1/2053
|
965,586
|
900,000
|
|
Tolomato CDD, FL, Special Assessment Refunding Bonds (Series 2019C), 4.400%, 5/1/2040
|
808,037
|
1,000,000
|
|
Tolomato CDD, FL, Special Assessment Refunding Bonds Subordinate Lien (Series 2019A-2),
4.250%, 5/1/2037
|
912,672
|
175,000
|
4
|
Tolomato CDD, FL, Special Assessment Revenue Bonds (Series 2015-2), (Original Issue
Yield: 6.752%), (Step Coupon
11/1/2024@6.610%), 0.000%, 5/1/2040
|
164,437
|
190,000
|
1,2
|
Tolomato CDD, FL, Special Assessment Revenue Bonds (Series 2015-3), 6.610%, 5/1/2040
|
2
|
1,400,000
|
|
Tradition CDD No. 9, Special Assessment Community Infrastructure Bonds (Series 2021),
4.000%, 5/1/2052
|
1,059,782
|
980,000
|
|
Verandah West, FL CDD, Capital Improvement Revenue Refunding Bonds (Series 2013),
(Original Issue Yield: 5.125%),
5.000%, 5/1/2033
|
979,995
|
1,500,000
|
|
Viera Stewardship District (Viera Stewardship District Village 2), Special Assessment
Revenue Bonds (Series 2021),
4.000%, 5/1/2053
|
1,086,198
|
2,000,000
|
|
Willow Walk, FL CDD, Special Assessment Bonds (Series 2015), 5.625%, 5/1/2045
|
2,001,494
|
1,340,000
|
|
Windward at Lakewood Ranch, FL CDD, Capital Improvement Revenue Bonds (Series 2022),
4.250%, 5/1/2052
|
1,060,928
|
|
|
TOTAL
|
42,516,073
|
|
|
Georgia—0.7%
|
|
1,010,000
|
|
Geo. L. Smith II Georgia World Congress Center Authority, Convention Center Hotel
Second Tier Revenue Bonds
(Series 2021B), 5.000%, 1/1/2054
|
837,528
|
475,000
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project M Bonds (Series
2021A), 5.000%, 1/1/2056
|
480,230
|
1,500,000
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project M Revenue
Refunding Bonds (Series 2023A),
5.250%, 7/1/2064
|
1,562,770
|
500,000
|
|
Rockdale County, GA Development Authority (Pratt Paper, LLC), Revenue Refunding Bonds
(Series 2018), 4.000%, 1/1/2038
|
456,517
|
|
|
TOTAL
|
3,337,045
|
|
|
Idaho—1.0%
|
|
2,000,000
|
|
Idaho Health Facilities Authority (North Canyon Medical Center), Revenue and Refunding
Bonds (Series 2023),
7.125%, 11/1/2057
|
2,068,224
|
3,000,000
|
|
Idaho Health Facilities Authority (Terraces of Boise), Exchange Revenue Refunding
Bonds (Series 2021A), 4.550%, 10/1/2056
|
1,979,594
|
490,000
|
|
Idaho Health Facilities Authority (Terraces of Boise), Taxable Exchange Revenue Refunding
Bonds (Series 2021B),
8.000%, 10/1/2028
|
453,465
|
|
|
TOTAL
|
4,501,283
|
|
|
Illinois—9.0%
|
|
2,000,000
|
|
Chicago, IL Board of Education, UT GO Bonds (Series 2023A), 6.000%, 12/1/2049
|
2,110,688
|
3,300,000
|
|
Chicago, IL Board of Education, UT GO Dedicated Revenue Bonds (Series 2017A), (Original
Issue Yield: 7.650%),
7.000%, 12/1/2046
|
3,493,683
|
1,000,000
|
|
Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A),
5.000%, 12/1/2030
|
1,020,784
|
1,000,000
|
|
Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A),
5.000%, 12/1/2031
|
1,020,230
|
2,750,000
|
|
Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A),
5.000%, 12/1/2033
|
2,798,701
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Illinois—continued
|
|
$ 1,400,000
|
|
Chicago, IL Board of Education, UT GO Dedicated Revenue Refunding Bonds (Series 2018A),
5.000%, 12/1/2034
|
$ 1,421,924
|
1,000,000
|
|
Chicago, IL Midway Airport, Senior Lien Airport Revenue and Revenue Refunding Bonds
(Series 2023A), 5.750%, 1/1/2048
|
1,100,136
|
1,125,000
|
|
Chicago, IL O’Hare International Airport (TrIPs Obligated Group), Senior Special Facilities Revenue Bonds (Series 2018),
5.000%, 7/1/2048
|
1,124,991
|
1,000,000
|
|
Chicago, IL O’Hare International Airport, General Airport Senior Lien Revenue Bonds (Series 2022A), 5.500%, 1/1/2055
|
1,065,073
|
1,475,000
|
|
Chicago, IL, UT GO Bonds (Series 2019A), 5.500%, 1/1/2049
|
1,508,132
|
1,250,000
|
|
Chicago, IL, UT GO Bonds (Series 2023A), 5.500%, 1/1/2039
|
1,330,674
|
2,683,000
|
|
Chicago, IL, UT GO Exchanged Bonds (Series 2021B), 4.000%, 1/1/2038
|
2,484,861
|
1,333,000
|
|
Chicago, IL, UT GO Exchanged Bonds (Series 2021B), 4.000%, 1/1/2044
|
1,156,972
|
314,000
|
|
DuPage County, IL (Naperville Campus LLC), Special Tax Bonds (Series 2006), 5.625%,
3/1/2036
|
307,972
|
2,000,000
|
|
Illinois Finance Authority (Admiral at the Lake), Revenue Refunding Bonds (Series
2017), (Original Issue Yield: 5.350%),
5.250%, 5/15/2042
|
1,598,223
|
1,100,000
|
|
Illinois Finance Authority (Lutheran Life Communities), Revenue Bonds (Series 2019A),
5.000%, 11/1/2049
|
864,698
|
1,250,000
|
|
Illinois Finance Authority (Noble Network of Charter Schools), Education Revenue Bonds
(Series 2015), 5.000%, 9/1/2032
|
1,255,492
|
1,100,000
|
|
Illinois Finance Authority (Rogers Park Montessori School Project), Senior Revenue
Bonds (Series 2014A), 6.125%, 2/1/2045
|
1,100,298
|
8,000,000
|
|
Illinois State, GO Bonds (Series 2017D), 5.000%, 11/1/2028
|
8,471,552
|
1,000,000
|
|
Illinois State, UT GO Bonds (Series 2020C), (Original Issue Yield: 4.340%), 4.000%,
10/1/2041
|
951,273
|
1,000,000
|
|
Illinois State, UT GO Bonds (Series 2022A), 5.500%, 3/1/2042
|
1,096,653
|
530,000
|
|
Illinois State, UT GO Bonds (Series 2023B), 5.500%, 5/1/2047
|
570,096
|
1,000,000
|
|
Illinois State, UT GO Bonds (Series of February 2014), (Original Issue Yield: 5.040%),
5.000%, 2/1/2039
|
999,970
|
600,000
|
|
Illinois State, UT GO Refunding Bonds (Series 2021A), 5.000%, 3/1/2046
|
617,204
|
2,000,000
|
|
Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project Bonds
(Series 2015A), 5.500%, 6/15/2053
|
2,030,288
|
2,000,000
|
4
|
Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project Bonds
(Series 2017A), (Original Issue Yield:
5.250%), 0.000%, 12/15/2056
|
386,585
|
|
|
TOTAL
|
41,887,153
|
|
|
Indiana—1.0%
|
|
915,000
|
|
Indiana State Finance Authority (KIPP Indianapolis), Revenue Bonds (Series 2020A),
5.000%, 7/1/2055
|
810,704
|
1,670,000
|
|
Indianapolis, IN Local Public Improvement Bond Bank (Indiana Convention Center Hotel),
Senior Revenue Bonds
(Series 2023E), (Original Issue Yield: 6.170%), 6.000%, 3/1/2053
|
1,723,555
|
1,000,000
|
|
Indianapolis, IN Local Public Improvement Bond Bank (Indiana Convention Center Hotel),
Senior Revenue Bonds
(Series 2023E), (Original Issue Yield: 6.270%), 6.125%, 3/1/2057
|
1,035,888
|
1,000,000
|
|
Indianapolis, IN Local Public Improvement Bond Bank (Indiana Convention Center Hotel),
Subordinate Revenue Bonds
(Series 2023F-2), (Original Issue Yield: 8.200%), 7.750%, 3/1/2067
|
1,017,712
|
|
|
TOTAL
|
4,587,859
|
|
|
Iowa—1.7%
|
|
879,539
|
|
Iowa Finance Authority (Deerfield Retirement Community, Inc.), Lifespace GTD Senior
Living Facility Revenue Refunding
Bonds (Series 2014A), (United States Treasury PRF 11/15/2024@100), 5.400%, 11/15/2046
|
896,819
|
2,930,000
|
|
Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue
Refunding Bonds (Series 2022),
5.000%, 12/1/2050
|
2,878,858
|
2,930,000
|
|
Tobacco Settlement Financing Corp., IA, Tobacco Settlement Asset-Backed Senior Current
Interest Bonds
(Series 2021A-2 Class 1), 4.000%, 6/1/2049
|
2,603,191
|
410,000
|
|
Tobacco Settlement Financing Corp., IA, Tobacco Settlement Asset-Backed Senior Current
Interest Bonds
(Series 2021B-1 Class 2), 4.000%, 6/1/2049
|
397,867
|
1,060,000
|
|
Xenia Rural Water District, Water Revenue Refunding Capital Loan Notes (Series 2016),
(United States Treasury PRF
12/1/2026@100), 5.000%, 12/1/2041
|
1,125,035
|
|
|
TOTAL
|
7,901,770
|
|
|
Kentucky—1.0%
|
|
375,000
|
|
Henderson, KY (Pratt Paper, LLC), Exempt Facilities Revenue Bonds (Series 2022), 4.700%,
1/1/2052
|
345,386
|
1,000,000
|
|
Kentucky Economic Development Finance Authority (Miralea), Revenue Bonds (Series 2016A),
5.000%, 5/15/2046
|
726,199
|
2,000,000
|
|
Kentucky Economic Development Finance Authority (Miralea), Revenue Bonds (Series 2016A),
5.000%, 5/15/2051
|
1,404,019
|
1,000,000
|
|
Louisville & Jefferson County, KY Metropolitan Government (Norton Healthcare, Inc.),
Health System Revenue Bonds
(Series 2023A), 5.000%, 10/1/2040
|
1,056,352
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Kentucky—continued
|
|
$ 1,000,000
|
|
Louisville & Jefferson County, KY Metropolitan Government (Norton Healthcare, Inc.),
Health System Revenue Bonds
(Series 2023A), 5.000%, 10/1/2041
|
$ 1,051,581
|
|
|
TOTAL
|
4,583,537
|
|
|
Louisiana—1.5%
|
|
1,000,000
|
|
Calcasieu Parish, LA Memorial Hospital Service District (Lake Charles Memorial Hospital),
Hospital Revenue Refunding Bonds
(Series 2019), 5.000%, 12/1/2039
|
875,090
|
30,000
|
|
Louisiana Public Facilities Authority (Ochsner Clinic Foundation), Refunding Revenue
Bonds (Series 2016), (United States
Treasury PRF 5/15/2026@100), 5.000%, 5/15/2047
|
31,337
|
970,000
|
|
Louisiana Public Facilities Authority (Ochsner Clinic Foundation), Refunding Revenue
Bonds (Series 2016), 5.000%, 5/15/2047
|
978,472
|
600,000
|
|
Louisiana Stadium and Exposition District, Senior Revenue Bonds (Series 2023A), 5.000%,
7/1/2048
|
633,718
|
2,000,000
|
|
Louisiana Stadium and Exposition District, Senior Revenue Bonds (Series 2023A), 5.250%,
7/1/2053
|
2,144,028
|
1,000,000
|
|
St. James Parish, LA (NuStar Logistics LP), Revenue Bonds (Series 2008), 6.100%, Mandatory
Tender 6/1/2030
|
1,081,591
|
1,225,000
|
|
Tobacco Settlement Financing Corp., LA, Tobacco Settlement Asset-Backed Refunding
Bonds (Series 2013A),
5.250%, 5/15/2035
|
1,234,502
|
|
|
TOTAL
|
6,978,738
|
|
|
Maine—0.6%
|
|
1,000,000
|
|
Maine Health & Higher Educational Facilities Authority (Northern Light Health Obligated
Group), Revenue Bonds
(Series 2016A), 5.000%, 7/1/2046
|
891,376
|
2,000,000
|
3
|
Maine State Finance Authority Solid Waste Disposal (Casella Waste Systems, Inc.),
Revenue Bonds (Series 2005R-3),
5.250%, 1/1/2025
|
1,999,500
|
|
|
TOTAL
|
2,890,876
|
|
|
Maryland—2.0%
|
|
955,000
|
|
Baltimore, MD (East Baltimore Research Park), Special Obligation Revenue Refunding
Bonds (Series 2017A),
5.000%, 9/1/2038
|
949,542
|
500,000
|
|
Baltimore, MD (Harbor Point), Special Obligation Refunding Bonds (Series 2016), (Original
Issue Yield: 5.160%),
5.125%, 6/1/2043
|
489,777
|
1,855,000
|
|
Frederick County, MD (Jefferson Technology Park), Tax Increment & Special Tax Limited
Obligation Refunding Bonds
(Series 2020B), 4.625%, 7/1/2043
|
1,751,017
|
1,060,000
|
|
Maryland State Economic Development Corp. (CONSOL Energy, Inc.), Port Facilities Refunding
Revenue Bonds (Series 2010),
5.750%, 9/1/2025
|
1,061,464
|
1,000,000
|
|
Maryland State Economic Development Corp. (Port Covington District), Special Obligation
Bonds (Series 2020),
4.000%, 9/1/2050
|
805,436
|
200,000
|
|
Maryland State Economic Development Corp. (Ports America Chesapeake, Inc. ), Transportation
Facilities Revenue Refunding
Bonds (Series 2017A), 5.000%, 6/1/2032
|
208,660
|
450,000
|
|
Maryland State Economic Development Corp. (Ports America Chesapeake, Inc. ), Transportation
Facilities Revenue Refunding
Bonds (Series 2017A), 5.000%, 6/1/2035
|
467,922
|
2,000,000
|
|
Prince Georges County, MD Revenue Authority (Suitland-Naylor Road Project), Special
Obligation Bonds (Series 2016),
5.000%, 7/1/2046
|
1,934,754
|
1,000,000
|
|
Rockville, MD Mayor & City Council Econ Dev Revenue (Ingleside at King Farm), Economic
Development Revenue Bonds
(Series 2017B), 5.000%, 11/1/2042
|
853,519
|
1,000,000
|
|
Westminster, MD (Lutheran Village at Miller’s Grant, Inc.), Revenue Bonds (Series 2014A), (Original Issue Yield: 6.300%),
6.250%, 7/1/2044
|
1,002,172
|
|
|
TOTAL
|
9,524,263
|
|
|
Massachusetts—0.2%
|
|
1,000,000
|
3
|
Massachusetts Development Finance Agency (Newbridge on the Charles), Revenue Refunding
Bonds (Series 2017),
5.000%, 10/1/2057
|
860,938
|
|
|
Michigan—1.1%
|
|
1,000,000
|
|
Detroit, MI, UT GO Bonds (Series 2020), 5.500%, 4/1/2050
|
1,030,688
|
250,000
|
|
Detroit, MI, UT GO Bonds (Series 2023A), 6.000%, 5/1/2043
|
274,969
|
1,000,000
|
|
Michigan State Finance Authority (Great Lakes, MI Water Authority Sewage Disposal
System), Senior Lien Revenue Bonds
(Series 2014 C-7), (National Public Finance Guarantee Corporation INS), 5.000%, 7/1/2032
|
1,004,994
|
1,000,000
|
|
Michigan State Finance Authority (Great Lakes, MI Water Authority Water Supply System),
Senior Lien Revenue Bonds
(Series 2014 D-6), (National Public Finance Guarantee Corporation INS), 5.000%, 7/1/2036
|
1,004,428
|
1,500,000
|
|
Plymouth, MI Educational Center Charter School, Public School Academy Revenue Refunding
Bonds, Series 2005,
5.625%, 11/1/2035
|
915,000
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Michigan—continued
|
|
$ 1,085,000
|
|
Wayne County, MI Airport Authority, Airport Revenue Bonds (Series 2014C), 5.000%,
12/1/2034
|
$ 1,088,542
|
|
|
TOTAL
|
5,318,621
|
|
|
Minnesota—2.4%
|
|
750,000
|
|
Baytown Township, MN (St. Croix Preparatory Academy), Charter School Lease Revenue
Refunding Bonds (Series 2016A),
4.000%, 8/1/2041
|
609,182
|
1,100,000
|
|
Baytown Township, MN (St. Croix Preparatory Academy), Charter School Lease Revenue
Refunding Bonds (Series 2016A),
4.250%, 8/1/2046
|
873,519
|
1,700,000
|
|
Forest Lake, MN (Lakes International Language Academy), Charter School Lease Revenue
Bonds (Series 2014A),
5.750%, 8/1/2044
|
1,655,781
|
1,000,000
|
|
Forest Lake, MN (Lakes International Language Academy), Charter School Lease Revenue
Bonds (Series 2018A),
5.375%, 8/1/2050
|
914,814
|
3,000,000
|
3
|
Minneapolis, MN Charter School Lease Revenue (Twin Cities International School), (Series
2017A), (Original Issue Yield:
5.150%), 5.000%, 12/1/2047
|
2,716,332
|
2,000,000
|
|
St. Cloud, MN Charter School (Stride Academy), Lease Revenue Bonds (Series 2016A),
5.000%, 4/1/2046
|
1,556,984
|
2,000,000
|
|
St. Paul and Ramsey County, MN Housing and Redevelopment Authority (Twin Cities Academy),
Charter School Lease
Revenue Bonds (Series 2015A), 5.375%, 7/1/2050
|
1,827,452
|
325,000
|
|
Winona, MN Port Authority (Bluffview Montessori School Project), Lease Revenue Bonds
(Series 2016A), 4.500%, 6/1/2036
|
271,695
|
750,000
|
|
Winona, MN Port Authority (Bluffview Montessori School Project), Lease Revenue Bonds
(Series 2016A), 4.750%, 6/1/2046
|
590,038
|
|
|
TOTAL
|
11,015,797
|
|
|
Missouri—0.5%
|
|
400,000
|
|
Cape Girardeau County, MO IDA (SoutheastHEALTH Obligated Group), Health Facilities
Revenue Bonds (Series 2021),
4.000%, 3/1/2046
|
332,765
|
2,000,000
|
3
|
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters
Hotel CID), Revenue Bonds
(Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050
|
1,471,766
|
1,000,000
|
|
Kirkwood, MO IDA (Aberdeen Heights Project), Retirement Community Revenue Bonds (Series
2017A), 5.250%, 5/15/2050
|
734,640
|
|
|
TOTAL
|
2,539,171
|
|
|
Montana—0.4%
|
|
900,000
|
|
Kalispell, MT Housing and Healthcare Facilities (Immanuel Lutheran Corp.), Revenue
Bonds (Series 2017A),
5.250%, 5/15/2047
|
707,711
|
1,425,000
|
|
Kalispell, MT Housing and Healthcare Facilities (Immanuel Lutheran Corp.), Revenue
Bonds (Series 2017A),
5.250%, 5/15/2052
|
1,089,208
|
|
|
TOTAL
|
1,796,919
|
|
|
Nevada—1.5%
|
|
905,000
|
3
|
Director of the State of Nevada Department of Business and Industry (Doral Academy
of Nevada CS), Charter School
Revenue Bonds (Series 2017A), 5.000%, 7/15/2047
|
840,739
|
1,000,000
|
3
|
Director of the State of Nevada Department of Business and Industry (Somerset Academy
of Las Vegas), Charter School Lease
Revenue Bonds (Series 2018A), 5.000%, 12/15/2038
|
947,332
|
900,000
|
|
Las Vegas, NV (Summerlin Village 24 SID No. 812), Local Improvement Bonds (Series
2015), 5.000%, 12/1/2035
|
902,279
|
495,000
|
|
Las Vegas, NV (Summerlin Village 25 SID No. 815), Local Improvement Bonds (Series
2020), 5.000%, 12/1/2049
|
460,336
|
1,500,000
|
|
Las Vegas, NV Redevelopment Agency, Tax Increment Revenue Refunding Bonds (Series
2016), 5.000%, 6/15/2045
|
1,510,469
|
765,000
|
|
Las Vegas, NV SID #611 (Sunstone Phase I and II), Local Improvement Bonds (Series
2020), (Original Issue Yield: 4.170%),
4.125%, 6/1/2050
|
619,178
|
1,180,000
|
|
Las Vegas, NV SID No. 814 (Summerlin Villages 21 & 24A), Local Improvement Bonds (Series
2019), 4.000%, 6/1/2049
|
954,121
|
645,000
|
|
North Las Vegas, NV SID No. 64 (Valley Vista), Local Improvement Bonds (Series 2019),
4.625%, 6/1/2049
|
588,702
|
|
|
TOTAL
|
6,823,156
|
|
|
New Hampshire—0.2%
|
|
100,000
|
|
National Finance Authority, NH (Covanta Energy Corp.), Resource Recovery Revenue Refunding
Bonds (Series 2020B),
3.750%, Mandatory Tender 7/2/2040
|
73,911
|
996,408
|
|
National Finance Authority, NH, Municipal Certificates (Series 2023-2 Class A), (Original
Issue Yield: 4.650%),
3.875%, 1/20/2038
|
927,998
|
1,252,180
|
1,2,3
|
New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue
Bonds (Series 20017A), (Original Issue
Yield: 6.375%), 6.125%, 7/1/2052
|
75,131
|
|
|
TOTAL
|
1,077,040
|
|
|
New Jersey—3.1%
|
|
1,280,000
|
|
New Jersey EDA (New Jersey State), Motor Vehicle Surcharge Subordinate Revenue Refunding
Bonds (Series 2017A),
5.000%, 7/1/2033
|
1,310,299
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
New Jersey—continued
|
|
$ 180,000
|
|
New Jersey EDA (New Jersey State), School Facilities Construction Bonds (Series 2015
WW), (United States Treasury PRF
6/15/2025@100), 5.250%, 6/15/2040
|
$ 186,151
|
185,000
|
|
New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds
(Series 2018EEE), (United States
Treasury PRF 12/15/2028@100), 5.000%, 6/15/2043
|
205,798
|
315,000
|
|
New Jersey EDA (New Jersey State), School Facilities Construction Refunding Bonds
(Series 2018EEE), 5.000%, 6/15/2043
|
326,717
|
1,335,000
|
|
New Jersey EDA (Port Newark Container Terminal LLC), Special Facilities Revenue and
Refunding Bonds (Series 2017),
5.000%, 10/1/2047
|
1,307,598
|
1,000,000
|
|
New Jersey EDA (UMM Energy Partners LLC), Energy Facility Revenue Bonds (Series 2012A),
(Original Issue Yield: 5.190%),
5.125%, 6/15/2043
|
999,947
|
2,500,000
|
|
New Jersey EDA (United Airlines, Inc.), Special Facility Revenue Bonds (Series 1999),
5.250%, 9/15/2029
|
2,500,832
|
1,000,000
|
|
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation
System Bonds (Series 2018A),
5.000%, 12/15/2034
|
1,074,028
|
750,000
|
|
New Jersey State, Covid-19 GO Emergency Bonds (Series 2020A), 4.000%, 6/1/2032
|
801,287
|
1,000,000
|
|
Newark, NJ, Mass Transit Access Tax Revenue Bonds (Series 2022), (Assured Guaranty
Municipal Corp. INS),
6.000%, 11/15/2062
|
1,135,607
|
500,000
|
|
South Jersey Port Corp., Subordinate Marine Terminal Revenue Bonds (Series 2017B),
5.000%, 1/1/2048
|
503,248
|
4,295,000
|
|
Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Subordinate
Refunding Bonds (Series 2018B),
5.000%, 6/1/2046
|
4,305,247
|
|
|
TOTAL
|
14,656,759
|
|
|
New York—5.0%
|
|
900,000
|
3
|
Build NYC Resource Corporation (Albert Einstein School of Medicine, Inc.), Revenue
Bonds (Series 2015), 5.500%, 9/1/2045
|
862,503
|
1,000,000
|
|
Build NYC Resource Corporation (KIPP NYC Canal West), Revenue Bonds (Series 2022),
5.250%, 7/1/2062
|
1,020,137
|
4,915,000
|
4
|
Glen Cove, NY Local Economic Assistance Corp. (Garvies Point Public Improvement Project),
Capital Appreciation Revenue
Bonds (Series 2016B), (Original Issue Yield: 6.000%), 0.000%, 1/1/2045
|
1,297,629
|
1,000,000
|
3
|
Monroe County, NY IDC (True North Rochester Preparatory Charter School), Charter School
Revenue Bonds (Series 2020A),
5.000%, 6/1/2059
|
940,356
|
1,365,028
|
1,2
|
Nassau County, NY IDA (Amsterdam at Harborside), Continuing Care Retirement Community
Revenue Bonds (Series 2021B),
5.000%, 1/1/2058
|
326,992
|
500,000
|
|
New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds
(Series 2020C-1), 4.000%, 5/1/2045
|
491,097
|
1,000,000
|
|
New York Counties Tobacco Trust VI, Tobacco Settlement Pass-Through Bonds (Series
201A-2B), 5.000%, 6/1/2051
|
911,113
|
1,000,000
|
3
|
New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series
2014 Class 2),
5.375%, 11/15/2040
|
999,415
|
1,500,000
|
|
New York State Dormitory Authority (New York State Personal Income Tax Revenue Bond
Fund), Revenue Refunding Bonds
(Series 2022A), 4.000%, 3/15/2049
|
1,447,494
|
1,000,000
|
|
New York State Power Authority, Revenue Bonds (Series 2020A), 4.000%, 11/15/2060
|
950,331
|
665,000
|
|
New York Transportation Development Corporation (American Airlines, Inc.), Special
Faciliteis Revenue Refunding Bonds
(Series 2021), 3.000%, 8/1/2031
|
582,104
|
1,535,000
|
|
New York Transportation Development Corporation (American Airlines, Inc.), Special
Facility Revenue Refunding Bonds
(Series 2016), 5.000%, 8/1/2026
|
1,535,036
|
455,000
|
|
New York Transportation Development Corporation (American Airlines, Inc.), Special
Facility Revenue Refunding Bonds
(Series 2016), 5.000%, 8/1/2031
|
454,111
|
1,000,000
|
|
New York Transportation Development Corporation (Delta Air Lines, Inc.), LaGuardia
Airport Terminals Special Facilities
Revenue Bonds (Series 2018), 5.000%, 1/1/2033
|
1,011,819
|
1,500,000
|
|
New York Transportation Development Corporation (Delta Air Lines, Inc.), LaGuardia
Airport Terminals Special Facilities
Revenue Bonds (Series 2020), (Original Issue Yield: 4.550%), 4.375%, 10/1/2045
|
1,348,586
|
2,250,000
|
|
New York Transportation Development Corporation (Delta Air Lines, Inc.), LaGuardia
Airport Terminals Special Facilities
Revenue Bonds (Series 2023), 6.000%, 4/1/2035
|
2,431,134
|
1,000,000
|
|
New York Transportation Development Corporation (Empire State Thruway Partners LLC),
Exempt Facility Revenue Bonds
(Series 2021), 4.000%, 10/31/2046
|
865,162
|
865,000
|
|
New York Transportation Development Corporation (JFK International Air Terminal LLC),
Special Facilities Revenue Bonds
(Series 2020A), 4.000%, 12/1/2042
|
775,227
|
1,800,000
|
|
New York Transportation Development Corporation (JFK International Air Terminal LLC),
Special Facilities Revenue Bonds
(Series 2020C), 4.000%, 12/1/2040
|
1,732,248
|
1,000,000
|
|
New York Transportation Development Corporation (JFK International Air Terminal LLC),
Special Facilities Revenue Bonds
(Series 2022), 5.000%, 12/1/2041
|
1,030,593
|
500,000
|
|
New York Transportation Development Corporation (JFK International Airport New Terminal
One Project), Special Facilities
Revenue Bonds (Series 2023), 6.000%, 6/30/2054
|
531,159
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
New York—continued
|
|
$ 1,000,000
|
|
Niagara Area Development Corporation, NY (Covanta Energy Corp.), Solid Waste Disposal
Facility Revenue Refunding Bonds
(Series 2018A), 4.750%, 11/1/2042
|
$ 801,750
|
1,000,000
|
|
TSASC, Inc. NY, Tobacco Settlement Asset Backed Senior Refunding Bonds (Series 2017A),
5.000%, 6/1/2041
|
1,002,851
|
|
|
TOTAL
|
23,348,847
|
|
|
Ohio—3.6%
|
|
10,600,000
|
|
Buckeye Tobacco Settlement Financing Authority, OH, Tobacco Settlement Asset-Backed
Refunding Bonds
(Series 2020B-2 Class 2), 5.000%, 6/1/2055
|
9,351,699
|
1,000,000
|
|
Cuyahoga County, OH Hospital Authority (MetroHealth System), Hospital Revenue Bonds
(Series 2017), 5.500%, 2/15/2057
|
1,009,871
|
2,000,000
|
|
Muskingum County, OH (Genesis Healthcare Corp.), Hospital Facilities Revenue Bonds
(Series 2013), (Original Issue Yield:
5.080%), 5.000%, 2/15/2044
|
1,836,341
|
1,800,000
|
3
|
Ohio Air Quality Development Authority (AMG Vanadium LLC), Exempt Facilities Revenue
Bonds (Series 2019),
5.000%, 7/1/2049
|
1,524,619
|
1,000,000
|
|
Ohio Air Quality Development Authority (Pratt Paper, LLC), Exempt Facilities Revenue
Bonds (Series 2017),
4.500%, 1/15/2048
|
908,203
|
1,125,000
|
|
Ohio State Hospital Revenue (University Hospitals Health System, Inc.), Hospital Revenue
Bonds (Series 2016A),
5.000%, 1/15/2041
|
1,135,221
|
1,000,000
|
|
Ohio State Treasurer (Portsmouth Gateway Group LLC), Private Activity Revenue Bonds
(Series 2015), 5.000%, 6/30/2053
|
1,000,827
|
|
|
TOTAL
|
16,766,781
|
|
|
Oklahoma—0.8%
|
|
2,315,000
|
|
Oklahoma Development Finance Authority (OU Medicine), Hospital Revenue Bonds (Series
2018B), 5.500%, 8/15/2057
|
2,219,652
|
1,750,000
|
|
Tulsa County, OK Industrial Authority (Montereau, Inc.), Senior Living Community Revenue
Refunding Bonds (Series 2017),
5.250%, 11/15/2045
|
1,652,023
|
|
|
TOTAL
|
3,871,675
|
|
|
Oregon—0.4%
|
|
440,000
|
|
Clackamas County, OR Hospital Facilities Authority (Mary’s Woods at Marylhurst, Inc.), Senior Living Revenue Bonds
(Series2018A), 5.000%, 5/15/2038
|
397,079
|
635,000
|
|
Clackamas County, OR Hospital Facilities Authority (Mary’s Woods at Marylhurst, Inc.), Senior Living Revenue Bonds
(Series2018A), 5.000%, 5/15/2043
|
547,631
|
400,000
|
|
Clackamas County, OR Hospital Facilities Authority (Mary’s Woods at Marylhurst, Inc.), Senior Living Revenue Bonds
(Series2018A), 5.000%, 5/15/2048
|
332,099
|
500,000
|
|
Clackamas County, OR Hospital Facilities Authority (Mary’s Woods at Marylhurst, Inc.), Senior Living Revenue Bonds
(Series2018A), 5.000%, 5/15/2052
|
406,603
|
|
|
TOTAL
|
1,683,412
|
|
|
Pennsylvania—3.5%
|
|
2,000,000
|
|
Bucks County, PA IDA (School Lane Charter School), (Series 2016A), 5.125%, 3/15/2046
|
1,945,598
|
1,200,000
|
|
Chester County, PA IDA (Avon Grove Charter School ), Revenue Bonds (Series 2017A),
5.000%, 12/15/2047
|
1,132,348
|
800,000
|
|
Chester County, PA IDA (Avon Grove Charter School ), Revenue Bonds (Series 2017A),
5.000%, 12/15/2051
|
743,003
|
1,000,000
|
|
Clairton Municipal Authority, PA, Sewer Revenue Bonds (Series 2012B), (Original Issue
Yield: 5.050%), 5.000%, 12/1/2042
|
994,923
|
3,000,000
|
|
Lehigh County, PA General Purpose Authority (Lehigh Valley Academy Regional Charter
School), Charter School Revenue
Bonds (Series 2022), 4.000%, 6/1/2057
|
2,404,338
|
2,000,000
|
|
Pennsylvania Economic Development Financing Authority (National Gypsum Co.), Exempt
Facilities Refunding Revenue Bonds
(Series 2014), 5.500%, 11/1/2044
|
2,001,290
|
1,250,000
|
|
Pennsylvania Economic Development Financing Authority (Pennsylvania Rapid Bridge Replacement),
Tax-Exempt Private
Activity Revenue Bonds (Series 2015), 5.000%, 12/31/2038
|
1,258,523
|
2,000,000
|
|
Pennsylvania Economic Development Financing Authority (The Penndot Major Bridges Package
One Project), Revenue Bonds
(Series 2022), (Original Issue Yield: 5.080%), 6.000%, 6/30/2061
|
2,193,304
|
690,000
|
|
Philadelphia, PA Authority for Industrial Development (PresbyHomes Germantown/Morrisville),
Senior Living Revenue Bonds
(Series 2005A), 5.625%, 7/1/2035
|
702,779
|
1,000,000
|
|
Philadelphia, PA Water & Wastewater System, Water and Wastewater Revenue Bonds (Series
2017A), 5.000%, 10/1/2052
|
1,018,616
|
2,000,000
|
|
Philadelphia, PA, GO Bonds (Series 2015B), 5.000%, 8/1/2033
|
2,026,386
|
|
|
TOTAL
|
16,421,108
|
|
|
Puerto Rico—6.8%
|
|
2,663,216
|
4
|
Commonwealth of Puerto Rico, GO CVI Bonds, 0.000%, 11/1/2043
|
1,384,872
|
1,000,000
|
|
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2037
|
893,154
|
3,000,000
|
|
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2041
|
2,588,441
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Puerto Rico—continued
|
|
$ 1,000,000
|
|
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 4.000%, 7/1/2046
|
$ 829,986
|
2,000,000
|
|
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 5.750%, 7/1/2031
|
2,150,925
|
4,000,000
|
1,2
|
Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2010 XX), (Original
Issue Yield: 5.400%),
5.250%, 7/1/2040
|
1,000,000
|
995,000
|
1,2
|
Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2012B), (Original
Issue Yield: 5.080%), 5.050%, 7/1/2042
|
248,750
|
195,000
|
1,2
|
Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2013A), (Original
Issue Yield: 7.070%), 7.000%, 7/1/2040
|
48,750
|
2,500,000
|
1,2
|
Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2013A), (Original
Issue Yield: 7.120%), 7.000%, 7/1/2043
|
625,000
|
310,000
|
1,2
|
Puerto Rico Electric Power Authority, Power Revenue Bonds (Series 2013A), 7.000%,
7/1/2033
|
77,500
|
6,764,000
|
4
|
Puerto Rico Sales Tax Financing Corp., Restructured Capital Appreciation Sales Tax
Bonds (Series 2019A-1), 0.000%, 7/1/2051
|
1,463,122
|
15,340,000
|
|
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A),
(Original Issue Yield: 5.154%),
5.000%, 7/1/2058
|
14,873,354
|
6,000,000
|
|
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-2),
4.784%, 7/1/2058
|
5,637,389
|
|
|
TOTAL
|
31,821,243
|
|
|
Rhode Island—0.7%
|
|
500,000
|
|
Rhode Island State Health and Educational Building Corp. (Lifespan Obligated Group),
Hospital Financing Revenue Refunding
Bonds (Series 2016), 5.000%, 5/15/2039
|
500,484
|
2,730,000
|
|
Tobacco Settlement Financing Corp., RI, Tobacco Settlement Asset-Backed Bonds (Series
2015B), 5.000%, 6/1/2050
|
2,669,833
|
|
|
TOTAL
|
3,170,317
|
|
|
South Carolina—1.1%
|
|
1,000,000
|
|
Berkeley County, SC (Nexton Improvement District), Assessment Revenue Bonds (Series
2019), (Original Issue Yield: 4.280%),
4.250%, 11/1/2040
|
856,577
|
1,150,000
|
3
|
South Carolina Jobs-EDA (Green Charter Schools), Educational Facilities Revenue Refunding
Bonds (Series 2021A),
4.000%, 6/1/2046
|
794,890
|
1,000,000
|
3
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds (Series 2023A),
7.500%, 11/15/2053
|
983,550
|
1,000,000
|
3
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds TEMPS-75 (Series 2023B-1),
5.750%, 11/15/2029
|
945,089
|
1,000,000
|
|
South Carolina Jobs-EDA (South Carolina Episcopal Home at Still Hopes), Residential
Care Facilities Revenue and Revenue
Refunding Bonds (Series 2018A), 5.000%, 4/1/2038
|
877,565
|
1,000,000
|
|
South Carolina Jobs-EDA (South Carolina Episcopal Home at Still Hopes), Residential
Care Facilities Revenue Bonds
(Series 2017), 5.000%, 4/1/2052
|
779,154
|
|
|
TOTAL
|
5,236,825
|
|
|
South Dakota—0.4%
|
|
1,000,000
|
|
Sioux Falls, SD Health Facilities Revenue (Dow Rummel Village), (Series 2017), (Original
Issue Yield: 5.050%),
5.000%, 11/1/2042
|
856,469
|
1,000,000
|
|
Sioux Falls, SD Health Facilities Revenue (Dow Rummel Village), (Series 2017), (Original
Issue Yield: 5.200%),
5.125%, 11/1/2047
|
838,478
|
|
|
TOTAL
|
1,694,947
|
|
|
Tennessee—0.1%
|
|
1,200,000
|
1,2
|
Blount County, TN Health and Educational Facilities Board (Asbury, Inc.), Revenue
Refunding and Improvement Bonds
(Series 2016A), 5.000%, 1/1/2047
|
276,000
|
|
|
Texas—8.6%
|
|
1,100,000
|
|
Arlington, TX Higher Education Finance Corp. (Uplift Education), Revenue Bonds (Series
2016A), 5.000%, 12/1/2046
|
1,093,380
|
500,000
|
|
Austin, TX Airport System, Airport System Revenue Bonds (Series 2014), 5.000%, 11/15/2044
|
500,600
|
250,000
|
|
Austin, TX Convention Center Enterprises, Inc., Convention Center Hotel First Tier
Revenue Refunding Bonds (Series 2017A),
5.000%, 1/1/2034
|
254,282
|
250,000
|
|
Austin, TX Convention Center Enterprises, Inc., Convention Center Hotel Second Tier
Revenue Refunding Bonds
(Series 2017B), 5.000%, 1/1/2034
|
249,262
|
1,000,000
|
|
Board of Managers, Joint Guadalupe County-City of Seguin, TX, Hospital Mortgage Revenue
Refunding & Improvement
Bonds (Series 2015), (Original Issue Yield: 5.080%), 5.000%, 12/1/2045
|
892,909
|
2,000,000
|
|
Clifton Higher Education Finance Corporation, TX (Idea Public Schools), 6.000%, 8/15/2043
|
2,001,526
|
500,000
|
|
Clifton Higher Education Finance Corporation, TX (Idea Public Schools), Education
Revenue Bonds (Series 2012),
5.000%, 8/15/2042
|
498,650
|
1,000,000
|
|
Clifton Higher Education Finance Corporation, TX (Idea Public Schools), Education
Revenue Bonds (Series 2022A), (Texas
Permanent School Fund Guarantee Program GTD), 4.000%, 8/15/2047
|
959,336
|
2,000,000
|
|
Clifton Higher Education Finance Corporation, TX (Uplift Education), Revenue Bonds
(Series 2015A), 5.000%, 12/1/2050
|
1,959,943
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Texas—continued
|
|
$ 1,000,000
|
|
Dallas-Fort Worth, TX (Dallas-Fort Worth, TX International Airport), Joint Revenue
Refunding and Improvement Bonds
(Series 2023B), 5.000%, 11/1/2047
|
$ 1,080,908
|
1,527,000
|
|
Decatur, TX Hospital Authority (Wise Regional Health System), Hospital Revenue Bonds
(Series 2021C), 4.000%, 9/1/2044
|
1,271,178
|
2,920,000
|
|
Harris County, TX IDC (Energy Transfer LP), Marine Terminal Refunding Revenue Bonds
(Series 2023), 4.050%, Mandatory
Tender 6/1/2033
|
2,902,262
|
1,500,000
|
|
Houston, TX Airport System (United Airlines, Inc.), Airport System Special Facilities
Revenue Bonds (Series 2021 B-1),
4.000%, 7/15/2041
|
1,261,661
|
1,500,000
|
|
Houston, TX Airport System (United Airlines, Inc.), Special Facilities Revenue & Refunding
Bonds (Series 2011), (Original Issue
Yield: 6.875%), 6.625%, 7/15/2038
|
1,500,359
|
3,000,000
|
|
Houston, TX Airport System, Subordinate Lien Revenue and Refunding Bonds (Series 2023A),
(Assured Guaranty Municipal
Corp. INS), 5.250%, 7/1/2048
|
3,173,548
|
1,500,000
|
3
|
Mission, TX Economic Development Corporation (Natgasoline), Senior Lien Revenue Bonds
(Series 2018), (Original Issue
Yield: 4.716%), 4.625%, 10/1/2031
|
1,454,399
|
2,000,000
|
|
New Hope Cultural Education Facilities Finance Corporation (Brazos Presbyterian Homes
Holding, Inc.), Retirement Facilities
Revenue Bonds (Series 2017), 5.000%, 1/1/2042
|
1,758,989
|
1,544,173
|
2
|
New Hope Cultural Education Facilities Finance Corporation (Buckingham Senior Living
Community), Retirement Facilities
Revenue Exchange Bonds (Series 2021B), 2.000%, 11/15/2061
|
568,379
|
2,000,000
|
3
|
New Hope Cultural Education Facilities Finance Corporation (Jubilee Academic Center),
Education Revenue Refunding Bonds
(Series 2021), 4.000%, 8/15/2046
|
1,511,500
|
1,000,000
|
|
New Hope Cultural Education Facilities Finance Corporation (MRC Langford), Retirement
Facility Revenue Bonds
(Series 2016A), 5.500%, 11/15/2046
|
798,149
|
600,000
|
|
North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2016A),
5.000%, 1/1/2039
|
612,053
|
335,000
|
|
North Texas Tollway Authority, Second Tier Revenue Refunding Bonds (Series 2021B),
4.000%, 1/1/2041
|
328,098
|
2,000,000
|
|
Red River, TX HFDC (MRC The Crossings), Retirement Facility Revenue Bonds (Series
2014A), (United States Treasury PRF
11/15/2024@100), 8.000%, 11/15/2049
|
2,084,518
|
1,000,000
|
|
Tarrant County, TX Cultural Education Facilities Finance Corp. (Baylor Scott & White
Health Care System), Hospital Revenue
Bonds (Series 2022D), 5.500%, 11/15/2047
|
1,082,077
|
2,655,000
|
|
Tarrant County, TX Cultural Education Facilities Finance Corp. (Buckner Senior Living-Ventana
Project), Retirement Facility
Revenue Bonds (Series 2017A), (Original Issue Yield: 6.770%), 6.750%, 11/15/2052
|
2,660,501
|
1,500,000
|
|
Tarrant County, TX Cultural Education Facilities Finance Corp. (MRC Stevenson Oaks
Project), Retirement Facilities Revenue
Bonds (Series 2020A), 6.875%, 11/15/2055
|
1,329,520
|
2,000,000
|
|
Texas Private Activity Bonds Surface Transportation Corporation (Blueridge Transportation
Group, LLC SH 288 Toll Lanes),
Senior Lien Revenue Bonds (Series 2016), 5.000%, 12/31/2050
|
2,003,903
|
1,000,000
|
|
Texas Private Activity Bonds Surface Transportation Corporation (NTE Mobility Partners
Segments 3, LLC), Senior Lien
Revenue Refunding Bonds (Series 2023), 5.500%, 6/30/2040
|
1,065,515
|
2,000,000
|
|
Texas Private Activity Bonds Surface Transportation Corporation (NTE Mobility Partners,
LLC), Senior Lien Revenue Bonds
(Series 2023), 5.500%, 12/31/2058
|
2,112,644
|
1,195,000
|
|
Texas State Transportation Commission (State Highway 249 System), First Tier Toll
Revenue Bonds (Series 2019A),
5.000%, 8/1/2057
|
1,200,945
|
|
|
TOTAL
|
40,170,994
|
|
|
Utah—0.9%
|
|
1,000,000
|
|
Salt Lake City, UT (Salt Lake City, UT International Airport), Airport Revenue Bonds
(Series 2023A), 5.500%, 7/1/2053
|
1,078,815
|
1,000,000
|
|
Salt Lake City, UT Airport Revenue (Salt Lake City, UT International Airport), Airport
Revenue Bonds (Series 2017A),
5.000%, 7/1/2042
|
1,019,886
|
2,000,000
|
3
|
Utah State Charter School Finance Authority (Freedom Academy Foundation), Charter
School Revenue Refunding Bonds
(Series 2017), (Original Issue Yield: 5.300%), 5.250%, 6/15/2037
|
1,896,003
|
|
|
TOTAL
|
3,994,704
|
|
|
Vermont—0.2%
|
|
1,000,000
|
3
|
Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series
2013), 4.625%, Mandatory
Tender 4/3/2028
|
980,545
|
|
|
Virginia—1.5%
|
|
1,800,000
|
|
Chesapeake Bay Bridge & Tunnel District, VA, First Tier General Resolution Revenue
Bonds (Series 2016), 5.000%, 7/1/2051
|
1,802,022
|
1,000,000
|
|
Norfolk, VA Redevelopment and Housing Authority (Harbor’s Edge), Fort Norfolk Retirement Community Revenue Bond
(Series 2019B), 5.250%, 1/1/2054
|
783,573
|
4,250,000
|
|
Tobacco Settlement Financing Corp., VA, Tobacco Settlement Asset-Backed Bonds (Series
2007B-1), (Original Issue Yield:
5.120%), 5.000%, 6/1/2047
|
3,913,778
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Virginia—continued
|
|
$ 370,000
|
|
Virginia Small Business Financing Authority (Covanta Energy Corp.), Solid Waste Disposal
Revenue Bonds (Series 2018),
5.000%, Mandatory Tender 7/1/2038
|
$ 329,084
|
|
|
TOTAL
|
6,828,457
|
|
|
Washington—3.7%
|
|
2,000,000
|
|
Energy Northwest, WA (Bonneville WA Power Administration), Columbia Generating Station
Electric Revenue Refunding
Bonds (Series 2021A), 4.000%, 7/1/2042
|
2,008,180
|
1,000,000
|
|
Port of Seattle, WA IDC (Delta Air Lines, Inc.), Special Facilities Revenue Refunding
Bonds (Series 2012), (Original Issue Yield:
5.310%), 5.000%, 4/1/2030
|
1,000,014
|
10,000,000
|
|
Seattle, WA Municipal Light & Power, Improvement and Refunding Revenue Bonds (Series
2018A), 4.000%, 1/1/2047
|
9,869,464
|
1,000,000
|
|
Washington State Health Care Facilities Authority (Virginia Mason Medical Center),
Revenue Bonds (Series 2017),
5.000%, 8/15/2037
|
1,015,726
|
1,000,000
|
3
|
Washington State Housing Finance Commission (Heron’s Key Senior Living), Nonprofit Housing Revenue Bonds
(Series 2015A), (Original Issue Yield: 7.050%), (United States Treasury PRF 7/1/2025@100),
7.000%, 7/1/2050
|
1,047,855
|
1,000,000
|
3
|
Washington State Housing Finance Commission (Heron’s Key Senior Living), Nonprofit Housing Revenue Bonds
(Series 2015A), (United States Treasury PRF 7/1/2025@100), 7.000%, 7/1/2045
|
1,047,855
|
1,663,758
|
|
Washington State Housing Finance Commission, Municipal Certificates (Series 2023-1
Class A), (Original Issue Yield: 5.067%),
3.375%, 4/20/2037
|
1,388,679
|
|
|
TOTAL
|
17,377,773
|
|
|
West Virginia—0.2%
|
|
1,000,000
|
|
West Virginia State Hospital Finance Authority (Vandalia Health), Hospital Refunding
and Improvement Revenue Bonds
(Series 2023B), 6.000%, 9/1/2053
|
1,104,854
|
|
|
Wisconsin—3.3%
|
|
2,800,000
|
3
|
Public Finance Authority, WI (American Dream at Meadowlands), Limited Obligation PILOT
Revenue Bonds (Series 2017),
7.000%, 12/1/2050
|
2,560,608
|
1,375,000
|
3
|
Public Finance Authority, WI (Eno River Academy), Charter School Revenue Bonds (Series
2020A), 5.000%, 6/15/2054
|
1,207,780
|
2,000,000
|
|
Public Finance Authority, WI (Grand Hyatt San Antonio Hotel), Grand Hyatt San Antonio
Hotel Aquistion Project (Senior Lien
Series 2022A), 5.000%, 2/1/2062
|
1,940,798
|
2,000,000
|
3
|
Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.500%,
12/1/2052
|
2,014,245
|
1,750,000
|
|
Public Finance Authority, WI (Mountain Island Charter School), Education Revenue Refunding
Bonds (Series 2017),
5.000%, 7/1/2047
|
1,658,913
|
1,000,000
|
|
Public Finance Authority, WI (National Gypsum Co.), Exempt Facilities Refunding Revenue
Bonds (Series 2016),
4.000%, 8/1/2035
|
861,972
|
3,000,000
|
3
|
Public Finance Authority, WI (Southminster), Retirement Facilities First Mortgage
Revenue Bonds (Series 2018),
5.000%, 10/1/2053
|
2,443,729
|
1,500,000
|
|
Public Finance Authority, WI Revenue (Fargo-Moorhead Metropolitan Area Flood Risk
Management Project), Senior Revenue
Bonds (Series 2021) Green Bonds, 4.000%, 3/31/2056
|
1,175,113
|
800,000
|
|
Wisconsin Health & Educational Facilities Authority (ProHealth Care, Inc.), Revenue
Refunding Bonds (Series 2015),
5.000%, 8/15/2039
|
802,852
|
1,000,000
|
|
Wisconsin Health & Educational Facilities Authority (St. Camillus Health System, Inc.),
Revenue Bonds (Series 2019A),
5.000%, 11/1/2046
|
777,073
|
|
|
TOTAL
|
15,443,083
|
|
|
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $493,156,909)
|
455,765,938
|
|
5
|
SHORT-TERM MUNICIPALS—1.7%
|
|
|
|
Alabama—0.2%
|
|
300,000
|
|
Walker County, AL Economic and IDA (Alabama Power Co.), (First Series 2023) Daily
VRDNs, 3.650%, 12/1/2023
|
300,000
|
700,000
|
|
West Jefferson, AL IDB Solid Waste Disposal (Alabama Power Co.), (Series 2008) Daily
VRDNs, 3.600%, 12/1/2023
|
700,000
|
|
|
TOTAL
|
1,000,000
|
|
|
Michigan—0.4%
|
|
1,850,000
|
|
Michigan Strategic Fund (Air Products & Chemicals, Inc.), (Series 2007) Daily VRDNs,
3.370%, 12/1/2023
|
1,850,000
|
|
|
Multi State—1.0%
|
|
2,100,000
|
|
Invesco Municipal Opportunity Trust, PUTTERs 3a-7 (VMTP 5029) Daily VRDNs, (JPMorgan
Chase Bank, N.A. LIQ),
3.850%, 12/1/2023
|
2,100,000
|
1,900,000
|
|
Invesco Value Municipal Income Trust, PUTTERs 3a-7 (VMTP 5027) Daily VRDNs, (JPMorgan
Chase Bank, N.A. LIQ),
3.850%, 12/1/2023
|
1,900,000
|
Principal
Amount
|
|
|
Value
|
|
5
|
SHORT-TERM MUNICIPALS—continued
|
|
|
|
Multi State—continued
|
|
$ 400,000
|
|
Nuveen Municipal Credit Opportunities Fund, PUTTERS 3a-7 (Series 5033) (VMFP Series
C) Daily VRDNs, (JPMorgan Chase
Bank, N.A. LIQ), 3.850%, 12/1/2023
|
$ 400,000
|
|
|
TOTAL
|
4,400,000
|
|
|
Ohio—0.1%
|
|
300,000
|
|
Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2008
B-4) Daily VRDNs, (Barclays Bank plc LIQ),
3.220%, 12/1/2023
|
300,000
|
|
|
Pennsylvania—0.0%
|
|
100,000
|
|
Delaware County, PA IDA (United Parcel Service, Inc.), (Series 2015) Daily VRDNs,
(United Parcel Service, Inc. GTD),
3.400%, 12/1/2023
|
100,000
|
|
|
TOTAL SHORT-TERM MUNICIPALS
(IDENTIFIED COST $7,650,000)
|
7,650,000
|
|
|
TOTAL INVESTMENT IN SECURITIES—99.5%
(IDENTIFIED COST $500,806,909)
|
$463,415,938
|
|
|
OTHER ASSETS AND LIABILITIES - NET—0.5%6
|
2,434,739
|
|
|
TOTAL NET ASSETS—100%
|
$465,850,677
|
1
|
Non-income-producing security.
|
2
|
Security in default.
|
3
|
Denotes a restricted security that either: (a) cannot be offered for public sale without
first being registered, or availing of an exemption from registration, under
the Securities Act of 1933; or (b) is subject to a contractual restriction on public
sales. At November 30, 2023, these restricted securities amounted to
$53,545,689, which represented 11.5% of total net assets.
|
4
|
Zero coupon bond.
|
5
|
Current rate and current maturity or next reset date shown for floating rate notes
and variable rate notes/demand instruments. Certain variable rate securities are
not based on a published reference rate and spread but are determined by the issuer
or agent and are based on current market conditions. These securities do
not indicate a reference rate and spread in their description above.
|
6
|
Assets, other than investments in securities, less liabilities.
|
Security
|
Acquisition
Date
|
Acquisition
Cost
|
Value
|
Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series
2017D),
5.000%, 7/1/2051
|
10/12/2017
|
$657,198
|
$572,370
|
Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series
2017G),
5.000%, 7/1/2051
|
12/15/2017
|
$509,012
|
$440,285
|
Arizona State IDA (Doral Academy of Nevada FMMR), Education Revenue Bonds (Series
2019A),
5.000%, 7/15/2049
|
4/3/2019
|
$1,024,801
|
$919,653
|
Arizona State IDA (Pinecrest Academy of Nevada), Horizon, Inspirada and St. Rose Campus
Education Revenue
Bonds (Series 2018A), 5.750%, 7/15/2048
|
12/14/2018
|
$1,775,413
|
$1,757,865
|
Build NYC Resource Corporation (Albert Einstein School of Medicine, Inc.), Revenue
Bonds (Series 2015),
5.500%, 9/1/2045
|
1/14/2016
|
$900,000
|
$862,503
|
California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living
Revenue Refunding Bonds
(Series 2021A), 5.000%, 11/15/2046
|
5/27/2021
|
$524,238
|
$437,548
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2014A), 5.125%, 7/1/2044
|
6/13/2014
|
$750,000
|
$750,891
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2015A), 5.000%, 7/1/2045
|
8/27/2015
|
$570,126
|
$566,304
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2017A), 5.000%, 7/1/2047
|
8/4/2017
|
$525,049
|
$501,401
|
California State School Finance Authority Charter School Revenue (Bright Star Schools-Obligated
Group), Charter
School Revenue Bonds (Series 2017), 5.000%, 6/1/2037
|
4/20/2020
|
$1,005,384
|
$968,530
|
California State School Finance Authority Charter School Revenue (Rocketship Public
Schools), Revenue Bonds
(Series 2017G), 5.000%, 6/1/2047
|
12/4/2017
|
$508,169
|
$472,917
|
California State School Finance Authority Charter School Revenue (Summit Public Schools
Obligated Group),
(Series 2017), (United States Treasury PRF 6/1/2027@100), 5.000%, 6/1/2053
|
10/5/2017
|
$625,914
|
$614,819
|
California State School Finance Authority Charter School Revenue (Summit Public Schools
Obligated Group),
(Series 2017), 5.000%, 6/1/2053
|
10/5/2017
|
$561,164
|
$454,300
|
Security
|
Acquisition
Date
|
Acquisition
Cost
|
Value
|
California Statewide Communities Development Authority (Loma Linda University Medical
Center ), Revenue
Bonds (Series 2016A), 5.000%, 12/1/2046
|
5/19/2020
|
$2,255,066
|
$2,206,452
|
Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds
(Series 2013A), (Original
Issue Yield: 8.375%), 8.250%, 5/15/2049
|
12/16/2013
|
$2,207,463
|
$71,587
|
Colorado Educational & Cultural Facilities Authority (Loveland Classical School),
School Improvement Revenue
Bonds (Series 2016), 5.000%, 7/1/2036
|
4/17/2020
|
$946,760
|
$1,004,413
|
Denver, CO Health & Hospital Authority, Revenue Refunding Bonds (Series 2017A), 5.000%,
12/1/2034
|
8/23/2017
|
$1,047,136
|
$1,033,987
|
Director of the State of Nevada Department of Business and Industry (Doral Academy
of Nevada CS), Charter
School Revenue Bonds (Series 2017A), 5.000%, 7/15/2047
|
8/31/2017
|
$910,231
|
$840,739
|
Director of the State of Nevada Department of Business and Industry (Somerset Academy
of Las Vegas), Charter
School Lease Revenue Bonds (Series 2018A), 5.000%, 12/15/2038
|
11/8/2022
|
$936,840
|
$947,332
|
Florida Development Finance Corp. (Glenridge on Palmer Ranch), Senior Living Revenue
and Refunding Bonds
(Series 2021), 5.000%, 6/1/2051
|
5/13/2021
|
$1,091,333
|
$797,179
|
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters
Hotel CID), Revenue
Bonds (Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050
|
1/10/2018
|
$1,977,146
|
$1,471,766
|
Maine State Finance Authority Solid Waste Disposal (Casella Waste Systems, Inc.),
Revenue Bonds
(Series 2005R-3), 5.250%, 1/1/2025
|
1/27/2017
|
$2,000,000
|
$1,999,500
|
Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2047
|
10/6/2016
|
$1,017,415
|
$917,061
|
Massachusetts Development Finance Agency (Newbridge on the Charles), Revenue Refunding
Bonds
(Series 2017), 5.000%, 10/1/2057
|
12/7/2017
|
$1,038,360
|
$860,938
|
Millsboro, DE Special Obligations (Plantation Lakes Special Development District),
Special Tax Revenue Refunding
Bonds (Series 2018), (Original Issue Yield: 5.140%), 5.125%, 7/1/2038
|
5/22/2020
|
$2,862,701
|
$2,921,204
|
Minneapolis, MN Charter School Lease Revenue (Twin Cities International School), (Series
2017A), (Original Issue
Yield: 5.150%), 5.000%, 12/1/2047
|
12/8/2017
|
$2,938,313
|
$2,716,332
|
Mission, TX Economic Development Corporation (Natgasoline), Senior Lien Revenue Bonds
(Series 2018), (Original
Issue Yield: 4.716%), 4.625%, 10/1/2031
|
10/30/2018
|
$1,491,105
|
$1,454,399
|
Monroe County, NY IDC (True North Rochester Preparatory Charter School), Charter School
Revenue Bonds
(Series 2020A), 5.000%, 6/1/2059
|
7/9/2020
|
$1,085,315
|
$940,356
|
New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue
Bonds (Series 20017A),
(Original Issue Yield: 6.375%), 6.125%, 7/1/2052
|
6/18/2017
|
$996,495
|
$75,131
|
New Hope Cultural Education Facilities Finance Corporation (Jubilee Academic Center),
Education Revenue
Refunding Bonds (Series 2021), 4.000%, 8/15/2046
|
3/24/2023
|
$1,480,320
|
$1,511,500
|
New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series
2014 Class 2),
5.375%, 11/15/2040
|
10/29/2014
|
$1,000,000
|
$999,415
|
Ohio Air Quality Development Authority (AMG Vanadium LLC), Exempt Facilities Revenue
Bonds (Series 2019),
5.000%, 7/1/2049
|
6/27/2019
|
$1,863,748
|
$1,524,619
|
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series
2022A),
6.250%, 11/15/2035
|
10/6/2022
|
$1,000,000
|
$1,010,182
|
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series
2022A),
7.000%, 11/15/2057
|
10/6/2022
|
$1,000,000
|
$1,009,191
|
Polk County, FL IDA (Mineral Development, LLC), Secondary Phosphate Tailings Recovery
Project Revenue Bonds
(Series 2020), 5.875%, 1/1/2033
|
10/23/2020
|
$2,000,000
|
$1,990,871
|
Public Finance Authority, WI (American Dream at Meadowlands), Limited Obligation PILOT
Revenue Bonds
(Series 2017), 7.000%, 12/1/2050
|
6/22/2017
|
$2,836,270
|
$2,560,608
|
Public Finance Authority, WI (Eno River Academy), Charter School Revenue Bonds (Series
2020A),
5.000%, 6/15/2054
|
6/12/2020
|
$1,400,292
|
$1,207,780
|
Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.500%,
12/1/2052
|
2/2/2023
|
$2,000,000
|
$2,014,245
|
Public Finance Authority, WI (Southminster), Retirement Facilities First Mortgage
Revenue Bonds (Series 2018),
5.000%, 10/1/2053
|
11/15/2022
|
$2,416,980
|
$2,443,729
|
South Carolina Jobs-EDA (Green Charter Schools), Educational Facilities Revenue Refunding
Bonds (Series 2021A),
4.000%, 6/1/2046
|
1/31/2023
|
$891,952
|
$794,890
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds (Series 2023A),
7.500%, 11/15/2053
|
7/21/2023
|
$1,000,000
|
$983,550
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds TEMPS-75
(Series 2023B-1), 5.750%, 11/15/2029
|
7/21/2023
|
$951,517
|
$945,089
|
Utah State Charter School Finance Authority (Freedom Academy Foundation), Charter
School Revenue Refunding
Bonds (Series 2017), (Original Issue Yield: 5.300%), 5.250%, 6/15/2037
|
4/27/2020
|
$1,866,595
|
$1,896,003
|
Security
|
Acquisition
Date
|
Acquisition
Cost
|
Value
|
Vermont EDA (Casella Waste Systems, Inc.), Solid Waste Disposal Revenue Bonds (Series
2013), 4.625%,
Mandatory Tender 4/3/2028
|
3/28/2018
|
$1,000,000
|
$980,545
|
Washington State Housing Finance Commission (Heron’s Key Senior Living), Nonprofit Housing Revenue Bonds
(Series 2015A), (Original Issue Yield: 7.050%), (United States Treasury PRF 7/1/2025@100),
7.000%, 7/1/2050
|
7/22/2015
|
$993,940
|
$1,047,855
|
Washington State Housing Finance Commission (Heron’s Key Senior Living), Nonprofit Housing Revenue Bonds
(Series 2015A), (United States Treasury PRF 7/1/2025@100), 7.000%, 7/1/2045
|
7/22/2015
|
$1,002,196
|
$1,047,855
|
The following acronym(s) are used throughout this portfolio:
|
|
|
CDD
|
—Community Development District
|
|
EDA
|
—Economic Development Authority
|
|
GO
|
—General Obligation
|
|
GTD
|
—Guaranteed
|
|
HFDC
|
—Health Facility Development Corporation
|
|
IDA
|
—Industrial Development Authority
|
|
IDB
|
—Industrial Development Bond
|
|
IDC
|
—Industrial Development Corporation
|
|
INS
|
—Insured
|
|
LIQ
|
—Liquidity Agreement
|
|
LP
|
—Limited Partnership
|
|
LT
|
—Limited Tax
|
|
PILOT
|
—Payment in Lieu of Taxes
|
|
PRF
|
—Pre-refunded
|
|
PUTTERs
|
—Puttable Tax-Exempt Receipts
|
|
SID
|
—Special Improvement District
|
|
UT
|
—Unlimited Tax
|
|
VMFP
|
—Variable MuniFund Preferred
|
|
VMTP
|
—Variable Municipal Term Preferred
|
|
VRDNs
|
—Variable Rate Demand Notes
|