| Delaware National High-Yield Municipal Bond Fund | May 31, 2022 (Unaudited) |
| Principal amount° | Value (US $) | ||
| Municipal Bonds — 96.16% | |||
| Corporate Revenue Bonds — 23.48% | |||
| Allegheny County, Pennsylvania Industrial Development Authority Revenue | |||
| (Environmental Improvement - US Steel Corporation Project) 5.75% 8/1/42 (AMT) | 2,000,000 | $ 2,001,360 | |
| Arizona Industrial Development Authority Revenue | |||
| (Legacy Cares, Inc. Project) | |||
| Series A 144A 6.00% 7/1/51 # | 1,250,000 | 1,292,725 | |
| Series A 144A 7.75% 7/1/50 # | 20,330,000 | 23,215,030 | |
| Buckeye, Ohio Tobacco Settlement Financing Authority | |||
| (Asset-Backed Senior) Series B-2 5.00% 6/1/55 | 57,540,000 | 58,449,132 | |
| (Senior) Series A-2 3.00% 6/1/48 | 1,775,000 | 1,380,826 | |
| Calhoun County Navigation Industrial Development Authority | |||
| (Max Midstream Texas, LLC Project) Series A 144A 3.625% 7/1/26 (AMT) # | 3,285,000 | 3,213,518 | |
| California County Tobacco Securitization Agency Settlement Revenue | |||
| (Capital Appreciation Bond - Fresno County Tobacco Funding Corporation) 0.83% 6/1/55 ^ | 100,000,000 | 8,136,000 | |
| California Pollution Control Financing Authority Revenue | |||
| (Calplant I Project) | |||
| 144A 7.50% 7/1/32 (AMT) # | 1,600,000 | 1,360,000 | |
| 144A 8.00% 7/1/39 (AMT) #, ‡ | 5,250,000 | 3,150,000 | |
| Children's Trust Fund, Puerto Rico | |||
| (Asset-Backed) Series B 0.485% 5/15/57 ^ | 3,420,000 | 181,192 | |
| District of Columbia Tobacco Settlement Financing | |||
| (Capital Appreciation-Asset-Backed) Series D 0.122% 6/15/55 ^ | 250,000,000 | 19,855,000 | |
| Erie, New York Tobacco Asset Securitization | |||
| (Asset-Backed) Series A 144A 1.536% 6/1/60 #, ^ | 192,305,000 | 11,095,998 | |
| Florida Development Finance Corporation Surface Transportation Facility Revenue | |||
| (Brightline Passenger Rail Project) Series B 144A 7.375% 1/1/49 (AMT) # | 14,040,000 | 14,206,935 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Corporate Revenue Bonds (continued) | |||
| Florida Development Finance Corporation Surface Transportation Facility Revenue | |||
| (Virgin Trains USA Passenger Rail Project) | |||
| Series A 144A 6.25% 1/1/49 (AMT) #, • | 4,000,000 | $ 3,969,600 | |
| Series A 144A 6.50% 1/1/49 (AMT) #, • | 8,905,000 | 8,609,087 | |
| George L Smith II Georgia World Congress Center Authority | |||
| (Convention Center Hotel 2nd Tier) Series B 144A 5.00% 1/1/54 # | 5,000,000 | 4,817,850 | |
| Golden State Tobacco Securitization Settlement Revenue, California | |||
| Series B-2 0.514% 6/1/66 ^ | 52,500,000 | 6,947,325 | |
| Hoover, Alabama Industrial Development Board | |||
| (United States Steel Corporation Project) 5.75% 10/1/49 (AMT) | 10,250,000 | 11,115,100 | |
| Houston, Texas Airport System Revenue | |||
| Series B-1 5.00% 7/15/35 (AMT) | 3,000,000 | 3,034,530 | |
| (Special Facilities Continental Airlines, Inc. Terminal Improvements Projects) Series 2011 6.625% 7/15/38 (AMT) | 2,000,000 | 2,003,180 | |
| (United Airlines Inc.) 5.00% 7/1/29 (AMT) | 1,150,000 | 1,162,684 | |
| Idaho State Board of Correction | |||
| (Management & Training Corporation) 5.50% 8/1/29 | 4,145,293 | 4,162,911 | |
| Indiana Finance Authority Exempt Facility Revenue | |||
| (Polyflow Indiana Project - Green Bond) 144A 7.00% 3/1/39 (AMT) # | 7,035,000 | 5,886,466 | |
| Inland, California Empire Tobacco Securitization | |||
| (Capital Appreciation-Asset-Backed) | |||
| Series E 144A 0.94% 6/1/57 #, ^ | 376,610,000 | 23,153,983 | |
| Series F 144A 1.271% 6/1/57 #, ^ | 238,790,000 | 12,369,322 | |
| Iowa Finance Authority | |||
| (Iowa Fertilizer Company Project) 5.00% 12/1/50 | 6,185,000 | 6,634,093 | |
| Main Street Natural Gas Project Revenue, Georgia | |||
| Series A 5.50% 9/15/23 | 40,000 | 41,526 | |
| Maine Finance Authority Revenue | |||
| (Go Lab Madison, LLC Project) 144A 8.00% 12/1/51 (AMT) # | 10,950,000 | 9,157,266 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Corporate Revenue Bonds (continued) | |||
| Maricopa County, Arizona Industrial Development Authority | |||
| (Commercial Metals Company Project) 144A 4.00% 10/15/47 (AMT) # | 3,750,000 | $ 3,451,912 | |
| Michigan Finance Authority Limited Obligation Revenue | |||
| Series B-2 4.97% 6/1/65 ^ | 10,000,000 | 1,212,300 | |
| Monroe, New York Tobacco Asset Securitization | |||
| (4th Subordinate - Capital Appreciation - Asset-Backed) Series A 144A 0.186% 6/1/61 #, ^ | 487,500,000 | 20,674,875 | |
| Nevada State Department of Business & Industry | |||
| (Green Fulcrum Sierra Biofuels Project) 144A 6.25% 12/15/37 (AMT) # | 2,500,000 | 2,420,325 | |
| New Jersey Economic Development Authority Special Facility Revenue | |||
| (Continental Airlines Project) | |||
| 5.25% 9/15/29 (AMT) | 4,000,000 | 4,028,560 | |
| Series B 5.625% 11/15/30 (AMT) | 1,270,000 | 1,293,368 | |
| New Jersey Tobacco Settlement Financing Corporation | |||
| Series B 5.00% 6/1/46 | 4,440,000 | 4,567,295 | |
| New York City, New York Industrial Development Agency | |||
| (Queens Baseball Stadium Project) Series A 2.00% 1/1/38 (AGM) | 500,000 | 373,290 | |
| New York Liberty Development Revenue | |||
| (Goldman Sachs Headquarters) 5.25% 10/1/35 | 360,000 | 425,488 | |
| New York Transportation Development | |||
| (American Airlines Inc. John F. Kennedy International Airport Project) 5.375% 8/1/36 (AMT) | 1,000,000 | 1,087,330 | |
| Pennsylvania Economic Development Financing Authority | |||
| (National Gypsum) 5.50% 11/1/44 (AMT) | 4,500,000 | 4,568,715 | |
| Port of Seattle, Washington Industrial Development Corporation Special Facilities Revenue | |||
| (Delta Airlines) 5.00% 4/1/30 (AMT) | 2,000,000 | 2,011,660 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Corporate Revenue Bonds (continued) | |||
| Public Authority for Colorado Energy Natural Gas Revenue | |||
| Series 28 6.50% 11/15/38 | 2,000,000 | $ 2,620,460 | |
| Public Finance Authority Revenue, Wisconsin | |||
| (Grand Hyatt San Antonio Hotel Acquisition Project) Series A 5.00% 2/1/62 | 6,235,000 | 6,488,266 | |
| Salt Verde, Arizona Financial Senior Gas Revenue | |||
| 5.00% 12/1/37 | 9,250,000 | 10,450,650 | |
| 5.25% 12/1/27 | 2,235,000 | 2,469,161 | |
| 5.25% 12/1/28 | 1,050,000 | 1,168,902 | |
| 5.50% 12/1/29 | 765,000 | 870,164 | |
| San Diego, California Tobacco Settlement Revenue Funding | |||
| Series C 4.00% 6/1/32 | 575,000 | 581,728 | |
| Shoals, Indiana | |||
| (National Gypsum Co. Project) 7.25% 11/1/43 (AMT) | 1,860,000 | 1,920,952 | |
| Southern Ohio Port Authority | |||
| (PureCycle Project) Series A 144A 7.00% 12/1/42 (AMT) # | 4,500,000 | 4,199,670 | |
| St. James Parish, Louisiana | |||
| (NuStar Logistics, LP Project) | |||
| 144A 6.10% 6/1/38 #, • | 1,000,000 | 1,143,990 | |
| 144A 6.35% 7/1/40 # | 3,600,000 | 4,126,392 | |
| Series B 144A 6.10% 12/1/40 #, • | 1,630,000 | 1,864,704 | |
| Tennessee State Energy Acquisition Gas Revenue | |||
| Series C 5.00% 2/1/27 | 2,940,000 | 3,164,763 | |
| Tobacco Securitization Authority of Southern California | |||
| (Capital Appreciation-3rd Subordinate Lien) Series D 2.698% 6/1/46 ^ | 2,000,000 | 238,920 | |
| TSASC, New York | |||
| Series A 5.00% 6/1/41 | 705,000 | 744,769 | |
| Tulsa, Oklahoma Municipal Airports Improvement Trust Revenue | |||
| Series A 5.50% 6/1/35 (AMT) | 2,000,000 | 2,031,560 | |
| Tuscaloosa County, Alabama Industrial Development Authority | |||
| (Hunt Refining Project) Series A 144A 5.25% 5/1/44 # | 9,870,000 | 10,012,227 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Corporate Revenue Bonds (continued) | |||
| Valparaiso, Indiana | |||
| (Pratt Paper LLC Project) 7.00% 1/1/44 (AMT) | 3,065,000 | $ 3,217,300 | |
| Virginia Tobacco Settlement Financing Corporation | |||
| Series B-1 5.00% 6/1/47 | 2,000,000 | 2,003,180 | |
| Series C 3.004% 6/1/47 ^ | 93,420,000 | 23,904,309 | |
| Series D 2.225% 6/1/47 ^ | 176,985,000 | 36,733,237 | |
| Washington Economic Development Finance Authority Revenue | |||
| (Columbia Pulp I, LLC Project) Series 2017A 144A 7.50% 1/1/32 (AMT) #, ‡ | 4,800,000 | 3,120,000 | |
| 419,793,061 | |||
| Education Revenue Bonds — 15.34% | |||
| Arizona Industrial Development Authority Revenue | |||
| (ACCEL Schools Project) Series A 144A 5.25% 8/1/48 # | 3,200,000 | 3,282,688 | |
| (American Charter Schools Foundation Project) | |||
| 144A 6.00% 7/1/37 # | 1,205,000 | 1,298,689 | |
| 144A 6.00% 7/1/47 # | 4,735,000 | 5,046,137 | |
| (Basis Schools Projects) Series A 144A 5.125% 7/1/37 # | 750,000 | 772,620 | |
| (Empower College Prep Project) 144A 6.00% 7/1/49 # | 1,000,000 | 1,034,270 | |
| (Kaizen Education Foundation Project) 144A 5.80% 7/1/52 # | 4,000,000 | 4,214,560 | |
| (Leman Academy Of Excellence Projects) Series A 4.50% 7/1/54 | 5,000,000 | 4,789,650 | |
| (Pinecrest Academy Nevada-Horizon, Inspirada) Series A 144A 5.75% 7/15/48 # | 2,250,000 | 2,393,662 | |
| Build NYC Resource, New York | |||
| 5.00% 11/1/39 | 1,000,000 | 1,019,520 | |
| (Inwood Academy for Leadership Charter School Project) | |||
| Series A 144A 5.125% 5/1/38 # | 575,000 | 601,651 | |
| Series A 144A 5.50% 5/1/48 # | 1,500,000 | 1,577,850 | |
| (New Dawn Charter Schools Project) | |||
| 144A 5.625% 2/1/39 # | 1,290,000 | 1,331,383 | |
| 144A 5.75% 2/1/49 # | 2,700,000 | 2,775,897 | |
| Burbank, Illinois | |||
| (Intercultural Montessori Language) 144A 6.25% 9/1/45 # | 4,000,000 | 4,109,160 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Education Revenue Bonds (continued) | |||
| California Educational Facilities Authority Revenue | |||
| (Stanford University) | |||
| Series V-1 5.00% 5/1/49 | 24,445,000 | $ 31,620,830 | |
| Series V-2 2.25% 4/1/51 | 3,975,000 | 2,901,909 | |
| California Municipal Finance Authority Revenue | |||
| (California Baptist University) Series A 144A 5.50% 11/1/45 # | 4,000,000 | 4,231,400 | |
| (Julian Charter School Project) Series A 144A 5.625% 3/1/45 # | 5,250,000 | 5,251,417 | |
| (Partnership Uplift Community Project) Series A 5.25% 8/1/42 | 1,700,000 | 1,700,272 | |
| (Santa Rosa Academy Project) Series A 6.00% 7/1/42 § | 1,250,000 | 1,254,913 | |
| California Public Finance Authority | |||
| (Crossroads Christian School Project) 144A 5.00% 1/1/56 # | 2,000,000 | 1,810,780 | |
| California School Finance Authority | |||
| (Aspire Public Schools) | |||
| Series A 144A 5.00% 8/1/35 # | 585,000 | 608,207 | |
| Series A 144A 5.00% 8/1/40 # | 605,000 | 627,016 | |
| (Encore Education Obligated Group) Series A 144A 5.00% 6/1/52 # | 1,000,000 | 791,050 | |
| (Escuela Popular Project) 144A 6.50% 7/1/50 # | 2,500,000 | 2,593,675 | |
| (John Adams Academies - Obligated Group) Series A 144A 5.125% 7/1/62 # | 1,680,000 | 1,681,932 | |
| (New Designs Charter School) Series A 5.50% 6/1/42 | 1,750,000 | 1,751,733 | |
| (Sonoma County Junior College District Project) | |||
| Series A 4.00% 11/1/36 | 2,830,000 | 2,672,397 | |
| Series A 4.00% 11/1/55 | 2,500,000 | 2,139,100 | |
| (View Park Elementary & Middle Schools) | |||
| Series A 5.875% 10/1/44 | 1,000,000 | 1,040,360 | |
| Series A 6.00% 10/1/49 | 720,000 | 749,736 | |
| California Statewide Communities Development Authority Charter School Revenue | |||
| (Green Dot Public Schools) Series A 7.25% 8/1/41 | 1,915,000 | 1,920,879 | |
| California Statewide Communities Development Authority Revenue | |||
| (Lancer Educational Student Housing Project) Series A 144A 5.00% 6/1/46 # | 1,500,000 | 1,540,395 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Education Revenue Bonds (continued) | |||
| Capital Trust Agency, Florida | |||
| (Pineapple Cove Classical Academy Inc. Project) Series A 144A 5.375% 7/1/54 # | 6,000,000 | $ 6,101,040 | |
| (River City Education Services Project) | |||
| Series A 5.375% 2/1/35 | 870,000 | 909,089 | |
| Series A 5.625% 2/1/45 | 1,500,000 | 1,569,855 | |
| (The Pepin Academies Inc. Project) Series A 5.75% 7/1/55 | 2,625,000 | 2,534,595 | |
| (University Bridge, LLC Student Housing Project) Series A 144A 5.25% 12/1/58 # | 8,000,000 | 8,004,320 | |
| Chester County, Pennsylvania Industrial Development Authority Student Housing Revenue | |||
| (University Student Housing, LLC Project at West Chester University of Pennsylvania) Series A 5.00% 8/1/30 | 2,200,000 | 2,219,404 | |
| Colorado Educational & Cultural Facilities Authority Revenue | |||
| (Charter School - Community Leadership Academy) 7.45% 8/1/48 | 2,000,000 | 2,079,160 | |
| (Charter School - Loveland Classical School) 144A 5.00% 7/1/46 # | 1,500,000 | 1,499,925 | |
| (Global Village Academy - Northglenn Project) | |||
| 144A 5.00% 12/1/40 # | 1,110,000 | 1,073,581 | |
| 144A 5.00% 12/1/55 # | 1,720,000 | 1,571,925 | |
| (Skyview Charter School) 144A 5.375% 7/1/44 # | 500,000 | 507,285 | |
| Florida Development Finance Corporation Surface Transportation Facility Revenue | |||
| (Mater Academy Projects) | |||
| Series A 4.00% 6/15/52 | 1,145,000 | 1,024,008 | |
| Series A 5.00% 6/15/56 | 1,630,000 | 1,670,245 | |
| Hawaii State Department of Budget & Finance | |||
| (Hawaii Pacific University) Series A 6.875% 7/1/43 | 2,000,000 | 2,039,540 | |
| Henderson, Nevada Public Improvement Trust | |||
| (Touro College & University System) Series A 5.50% 1/1/39 | 560,000 | 572,208 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Education Revenue Bonds (continued) | |||
| Idaho Housing & Finance Association | |||
| (Compass Public Charter School) Series A 144A 5.00% 7/1/54 # | 860,000 | $ 873,923 | |
| (Idaho Arts Charter School) 144A 5.00% 12/1/36 # | 710,000 | 735,340 | |
| (North Star Charter School) | |||
| Capital Appreciation Subordinate Series B 144A 4.88% 7/1/49 #, ^ | 2,888,155 | 567,436 | |
| Series A 6.75% 7/1/48 | 529,150 | 566,217 | |
| (Xavier Charter School Project) Series A 5.00% 6/1/50 | 1,000,000 | 1,018,320 | |
| Illinois Finance Authority Charter School Revenue | |||
| (Chicago International Charter School Project) 5.00% 12/1/47 | 2,965,000 | 3,072,363 | |
| Illinois Finance Authority Revenue | |||
| (Acero Charter Schools) 144A 4.00% 10/1/42 # | 2,245,000 | 2,038,819 | |
| (Lake Forest College) Series A 6.00% 10/1/48 | 1,000,000 | 1,003,390 | |
| (Rogers Park Montessori) | |||
| 6.00% 2/1/34 | 675,000 | 694,278 | |
| 6.125% 2/1/45 | 1,800,000 | 1,843,632 | |
| Illinois Finance Authority Student Housing & Academic Facility Revenue | |||
| (University of Illinois at Chicago Project) Series A 5.00% 2/15/47 | 3,640,000 | 3,672,906 | |
| Kent County, Delaware Student Housing and Dining Facilities Revenue | |||
| (Delaware State University Project) Series A 5.00% 7/1/58 | 1,250,000 | 1,243,725 | |
| Louisiana Public Facilities Authority Revenue | |||
| (Lake Charles Charter Academy Foundation Project) 8.00% 12/15/41 | 1,500,000 | 1,503,750 | |
| (Lincoln Preparatory School Project) Series A 144A 5.25% 6/1/60 # | 2,000,000 | 1,837,640 | |
| Macomb County, Michigan State Public School Academy Revenue | |||
| (Academy Of Warren) Series A 144A 5.50% 5/1/50 # | 1,810,000 | 1,609,905 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Education Revenue Bonds (continued) | |||
| Macon-Bibb County, Georgia Urban Development Authority Revenue | |||
| (Academy for Classical Education) | |||
| Series A 144A 5.875% 6/15/47 # | 1,680,000 | $ 1,737,893 | |
| Series A 144A 6.00% 6/15/52 # | 1,530,000 | 1,587,696 | |
| Massachusetts Development Finance Agency Revenue | |||
| Series V 5.00% 7/1/55 | 9,500,000 | 12,044,575 | |
| Miami-Dade County, Florida Industrial Development Authority | |||
| (Youth Co-Op Charter School) | |||
| Series A 144A 5.75% 9/15/35 # | 1,000,000 | 1,032,160 | |
| Series A 144A 6.00% 9/15/45 # | 1,000,000 | 1,028,480 | |
| Michigan Finance Authority Limited Obligation Revenue | |||
| (Landmark Academy Project) 5.00% 6/1/45 | 2,000,000 | 1,900,400 | |
| (Public School Academy Old Redford) Series A 6.50% 12/1/40 | 900,000 | 900,090 | |
| Nevada State Department of Business & Industry | |||
| (Somerset Academy) | |||
| Series A 144A 5.00% 12/15/35 # | 1,595,000 | 1,658,274 | |
| Series A 144A 5.125% 12/15/45 # | 2,515,000 | 2,586,501 | |
| New Jersey State Higher Education Student Assistance Authority Student Loan Revenue | |||
| Series 1B 5.75% 12/1/39 (AMT) | 1,250,000 | 1,269,675 | |
| Philadelphia, Pennsylvania Authority for Industrial Development Revenue | |||
| (1st Philadelphia Preparatory) Series A 7.25% 6/15/43 | 1,230,000 | 1,319,605 | |
| (Green Woods Charter School Project) Series A 5.75% 6/15/42 | 1,600,000 | 1,601,968 | |
| (Tacony Academy Charter School Project) 7.00% 6/15/43 | 1,540,000 | 1,596,580 | |
| Phoenix, Arizona Industrial Development Authority Education Revenue | |||
| (Basic Schools Project) | |||
| Series 2015A 144A 5.00% 7/1/46 # | 4,000,000 | 4,049,880 | |
| Series 2016A 144A 5.00% 7/1/45 # | 2,000,000 | 2,025,520 | |
| (Choice Academies Project) | |||
| 5.375% 9/1/32 | 1,000,000 | 1,002,430 | |
| 5.625% 9/1/42 | 600,000 | 601,506 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Education Revenue Bonds (continued) | |||
| Phoenix, Arizona Industrial Development Authority Education Revenue | |||
| (Downtown Phoenix Student Housing, LLC-Arizona State University Project) Series A 5.00% 7/1/42 | 1,000,000 | $ 1,035,980 | |
| (Eagle College Preparatory Project) Series A 5.00% 7/1/43 | 450,000 | 450,095 | |
| Pima County, Arizona Industrial Development Authority Education Revenue | |||
| (American Leadership Academy Project) | |||
| 144A 4.00% 6/15/57 # | 500,000 | 417,175 | |
| 144A 4.00% 6/15/57 # | 4,000,000 | 3,338,080 | |
| (Career Success Schools Project) | |||
| 144A 5.50% 5/1/40 # | 500,000 | 501,675 | |
| 144A 5.75% 5/1/50 # | 2,530,000 | 2,544,876 | |
| (Edkey Charter Schools Project) | |||
| 144A 5.00% 7/1/49 # | 2,500,000 | 2,402,750 | |
| 144A 5.00% 7/1/55 # | 2,500,000 | 2,368,125 | |
| Pottsboro, Texas Higher Education Finance Authority Revenue | |||
| Series A 5.00% 8/15/36 | 755,000 | 765,215 | |
| Series A 5.00% 8/15/46 | 1,000,000 | 1,003,680 | |
| Public Finance Authority Revenue, Wisconsin | |||
| (Goodwill Industries of Southern Nevada Project) | |||
| Series A 5.50% 12/1/38 | 2,572,956 | 2,305,291 | |
| Series A 5.75% 12/1/48 | 2,576,272 | 2,240,816 | |
| (Minnesota College of Osteopathic Medicine) | |||
| Series A-1 144A 5.50% 12/1/48 #, ‡ | 125,528 | 62,764 | |
| Subordinate Series B 144A 7.75% 12/1/48 #, • | 2,500,000 | 250,000 | |
| (Wilson Preparatory Academy) | |||
| Series A 144A 4.125% 6/15/29 # | 470,000 | 474,738 | |
| Series A 144A 5.00% 6/15/39 # | 500,000 | 517,325 | |
| Series A 144A 5.00% 6/15/49 # | 1,100,000 | 1,128,226 | |
| South Carolina Jobs-Economic Development Authority Educational Facilities Revenue | |||
| (Green Charter Schools Project) | |||
| Series A 144A 4.00% 6/1/36 # | 1,000,000 | 909,600 | |
| Series A 144A 4.00% 6/1/46 # | 1,150,000 | 967,598 | |
| Series A 144A 4.00% 6/1/56 # | 1,530,000 | 1,212,051 | |
| (High Point Academy Project) Series A 144A 5.75% 6/15/49 # | 5,000,000 | 5,297,900 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Education Revenue Bonds (continued) | |||
| St. Paul, Minnesota Housing & Redevelopment Authority Charter School Lease Revenue | |||
| (Academia Cesar Chavez School Project) Series A 5.25% 7/1/50 | 2,560,000 | $ 2,437,274 | |
| University of Texas System Board of Regents | |||
| Series B 5.00% 8/15/49 | 25,425,000 | 32,669,091 | |
| University of Virginia | |||
| Series A 2.18% 11/1/51 | 10,000,000 | 7,040,800 | |
| Utah State Charter School Finance Authority Revenue | |||
| (Leadership Learning Academy Project) | |||
| Series A 144A 5.00% 6/15/39 # | 1,000,000 | 1,010,610 | |
| Series A 144A 5.00% 6/15/50 # | 2,200,000 | 2,173,776 | |
| Wisconsin Public Finance Authority Revenue | |||
| (Pine Lake Preparatory) 144A 5.50% 3/1/45 # | 3,460,000 | 3,584,871 | |
| Yonkers, New York Economic Development Corporation Education Revenue | |||
| (Lamartine/Warburton LLC - Charter School of Educational Excellence Project) Series A 5.00% 10/15/54 | 465,000 | 469,538 | |
| 274,316,715 | |||
| Electric Revenue Bonds — 4.68% | |||
| Build NYC Resource, New York | |||
| (Brooklyn Navy Yard Cogeneration Partners, L.P. Project) 144A 5.25% 12/31/33 (AMT) # | 4,520,000 | 4,401,260 | |
| Guam Power Authority Revenue | |||
| Series A 5.00% 10/1/41 | 2,350,000 | 2,524,910 | |
| Series A 5.00% 10/1/42 | 2,000,000 | 2,145,860 | |
| Series A 5.00% 10/1/43 | 2,650,000 | 2,840,429 | |
| Series A 5.00% 10/1/44 | 5,000,000 | 5,356,700 | |
| Puerto Rico Electric Power Authority Revenue | |||
| Series A 5.00% 7/1/42 ‡ | 8,615,000 | 8,011,950 | |
| Series A 5.05% 7/1/42 ‡ | 4,590,000 | 4,268,700 | |
| Series A 6.75% 7/1/36 ‡ | 1,500,000 | 1,451,235 | |
| Series AAA 5.25% 7/1/25 ‡ | 925,000 | 864,875 | |
| Series AAA 5.25% 7/1/26 ‡ | 1,030,000 | 963,050 | |
| Series AAA 5.25% 7/1/27 ‡ | 5,330,000 | 4,983,550 | |
| Series AAA 5.25% 7/1/28 ‡ | 1,205,000 | 1,126,675 | |
| Series CCC 5.25% 7/1/27 ‡ | 5,525,000 | 5,165,875 | |
| Series TT 5.00% 7/1/37 ‡ | 1,500,000 | 1,395,000 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Electric Revenue Bonds (continued) | |||
| Puerto Rico Electric Power Authority Revenue | |||
| Series WW 5.00% 7/1/28 ‡ | 3,405,000 | $ 3,166,650 | |
| Series WW 5.25% 7/1/25 ‡ | 1,530,000 | 1,430,550 | |
| Series WW 5.25% 7/1/33 ‡ | 830,000 | 776,050 | |
| Series WW 5.50% 7/1/38 ‡ | 9,325,000 | 8,753,844 | |
| Series XX 4.75% 7/1/26 ‡ | 920,000 | 852,150 | |
| Series XX 5.25% 7/1/40 ‡ | 9,795,000 | 9,158,325 | |
| Series XX 5.75% 7/1/36 ‡ | 5,840,000 | 5,504,200 | |
| Series ZZ 4.75% 7/1/27 ‡ | 760,000 | 703,950 | |
| Series ZZ 5.25% 7/1/24 ‡ | 1,275,000 | 1,192,125 | |
| Series ZZ 5.25% 7/1/26 ‡ | 7,005,000 | 6,549,675 | |
| 83,587,588 | |||
| Healthcare Revenue Bonds — 16.71% | |||
| Apple Valley, Minnesota | |||
| (Senior Living, LLC Project 2nd Tier) | |||
| Series B 5.00% 1/1/47 | 2,375,000 | 1,528,455 | |
| Series B 5.25% 1/1/37 | 420,000 | 316,563 | |
| (Senior Living, LLC Project 4th Tier) Series D 7.25% 1/1/52 | 7,410,000 | 4,957,512 | |
| Arizona Industrial Development Authority Revenue | |||
| (Great Lakes Senior Living Communities LLC Project 1st Tier) Series A 5.00% 1/1/54 | 2,595,000 | 1,801,475 | |
| (Great Lakes Senior Living Communities LLC Project 2nd Tier) | |||
| Series B 5.00% 1/1/49 | 975,000 | 649,311 | |
| Series B 5.125% 1/1/54 | 1,130,000 | 751,450 | |
| (Great Lakes Senior Living Communities LLC Project 3rd Tier) Series C 144A 5.00% 1/1/49 # | 1,000,000 | 610,490 | |
| (Great Lakes Senior Living Communities LLC Project 4th Tier) Series D 144A 7.25% 1/1/54 # | 2,500,000 | 1,651,575 | |
| Berks County, Pennsylvania Industrial Development Authority Revenue | |||
| (Tower Health Project) 5.00% 11/1/50 | 5,105,000 | 4,823,000 | |
| Bexar County, Texas Health Facilities Development | |||
| (Army Retirement Residence Foundation Project) Series 2010 5.875% 7/1/30 | 80,000 | 80,127 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Healthcare Revenue Bonds (continued) | |||
| Birmingham, Alabama Special Care Facilities Financing Authority | |||
| (Methodist Home for the Aging) | |||
| 5.50% 6/1/30 | 1,850,000 | $ 1,839,362 | |
| 5.75% 6/1/35 | 1,500,000 | 1,503,165 | |
| 5.75% 6/1/45 | 2,500,000 | 2,465,475 | |
| 6.00% 6/1/50 | 2,650,000 | 2,656,625 | |
| California Health Facilities Financing Authority Revenue | |||
| (Kaiser Permanente) Series A-2 5.00% 11/1/47 | 4,870,000 | 5,894,064 | |
| California Municipal Finance Authority Revenue | |||
| (Goodwill Industry Sacramento Valley) 5.25% 1/1/45 | 1,295,000 | 1,085,521 | |
| (Community Health System Project) Series A 3.00% 2/1/46 (AGM) | 10,000,000 | 8,548,800 | |
| (Goodwill Industry Sacramento Valley and Northern Nevada Project) | |||
| Series A 144A 6.625% 1/1/32 # | 500,000 | 500,100 | |
| Series A 144A 6.875% 1/1/42 # | 1,500,000 | 1,499,940 | |
| (Northbay Healthcare Group) Series A 5.25% 11/1/47 | 500,000 | 521,050 | |
| California Statewide Communities Development Authority Revenue | |||
| (Loma Linda University Medical Center) | |||
| Series A 144A 5.25% 12/1/56 # | 4,500,000 | 4,583,205 | |
| Series A 144A 5.50% 12/1/58 # | 5,000,000 | 5,170,800 | |
| Camden County, New Jersey Improvement Authority Revenue | |||
| (Cooper Health System Obligation Group) 5.75% 2/15/42 | 2,050,000 | 2,077,778 | |
| Capital Trust Agency, Florida | |||
| (Elim Senior Housing Inc. Project) 144A 5.875% 8/1/52 # | 2,500,000 | 1,902,450 | |
| Clackamas County, Oregon Hospital Facility Authority | |||
| (Rose Villa Project) | |||
| Series A 5.25% 11/15/50 | 1,000,000 | 1,006,080 | |
| Series A 5.375% 11/15/55 | 1,000,000 | 1,009,600 | |
| Colorado Health Facilities Authority Revenue | |||
| (Aberdeen Ridge) Series A 5.00% 5/15/58 | 500,000 | 439,845 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Healthcare Revenue Bonds (continued) | |||
| Colorado Health Facilities Authority Revenue | |||
| (American Baptist) 8.00% 8/1/43 | 2,500,000 | $ 2,566,600 | |
| (Capella of Grand Junction Project) 144A 5.00% 12/1/54 # | 1,985,000 | 1,553,401 | |
| (Mental Health Center Denver Project) Series A 5.75% 2/1/44 | 500,000 | 513,675 | |
| (Sunny Vista Living Center) | |||
| Series A 144A 5.50% 12/1/30 # | 750,000 | 673,523 | |
| Series A 144A 5.75% 12/1/35 # | 1,150,000 | 1,001,282 | |
| Series A 144A 6.125% 12/1/45 # | 1,200,000 | 1,014,336 | |
| Series A 144A 6.25% 12/1/50 # | 560,000 | 472,041 | |
| Cuyahoga County, Ohio Hospital Revenue | |||
| (The Metrohealth System) | |||
| 5.25% 2/15/47 | 4,000,000 | 4,300,120 | |
| 5.50% 2/15/52 | 4,655,000 | 5,083,306 | |
| 5.50% 2/15/57 | 6,365,000 | 6,950,644 | |
| Decatur, Texas Hospital Authority Revenue | |||
| (Wise Regional Health System) | |||
| Series C 4.00% 9/1/29 | 491,000 | 502,804 | |
| Series C 4.00% 9/1/34 | 987,000 | 994,827 | |
| Series C 4.00% 9/1/44 | 2,036,000 | 2,016,047 | |
| Glendale, Arizona Industrial Development Authority Revenue | |||
| (Glencroft Retirement Community Project) | |||
| 5.00% 11/15/36 | 830,000 | 688,485 | |
| 5.25% 11/15/51 | 1,350,000 | 1,023,246 | |
| Guilderland, New York Industrial Development Agency | |||
| Series A 144A 5.875% 1/1/52 #, ‡ | 6,000,000 | 4,500,000 | |
| Hawaii State Department of Budget & Finance Special Purpose Senior Living Revenue | |||
| (Kahala Nui) 5.25% 11/15/37 | 1,000,000 | 1,012,650 | |
| Henrico County, Virginia Economic Development Authority Residential Care Facility Revenue | |||
| (Westminster Cantebury Richmond) Series A 5.00% 10/1/52 | 2,025,000 | 2,145,569 | |
| Hospital Facilities Authority of Multnomah County, Oregon | |||
| (Mirabella at South Waterfront) 5.50% 10/1/49 | 2,400,000 | 2,444,376 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Healthcare Revenue Bonds (continued) | |||
| Idaho Health Facilities Authority Revenue | |||
| (St Luke's Health System Project) Series A 4.00% 3/1/51 | 2,000,000 | $ 1,991,800 | |
| (St. Luke's Health System Project) Series A 5.00% 3/1/33 | 485,000 | 532,244 | |
| (Valley Vista Care Corporation) Series A 5.00% 11/15/32 | 455,000 | 429,816 | |
| Illinois Finance Authority Revenue | |||
| (The Admiral at the Lake Project) | |||
| 5.25% 5/15/42 | 900,000 | 806,634 | |
| 5.25% 5/15/54 | 5,910,000 | 4,968,714 | |
| 5.50% 5/15/54 | 3,375,000 | 2,971,924 | |
| Illinois Housing Development Authority | |||
| (Stonebridge of Gurnee Project) | |||
| Series A 144A 5.45% 1/1/46 # | 2,500,000 | 2,043,200 | |
| Series A 144A 5.60% 1/1/56 # | 2,630,000 | 2,107,366 | |
| Iowa Finance Authority | |||
| (PHS Council Bluffs Project) | |||
| 5.125% 8/1/48 | 1,750,000 | 1,546,878 | |
| 5.25% 8/1/55 | 2,500,000 | 2,205,300 | |
| Kalispell, Montana | |||
| (Immanuel Lutheran Corporation Project) Series A 5.25% 5/15/47 | 1,400,000 | 1,407,224 | |
| Kentucky Economic Development Finance Authority Healthcare Revenue | |||
| (Rosedale Green Project) | |||
| 5.50% 11/15/35 | 1,310,000 | 1,296,468 | |
| 5.75% 11/15/45 | 3,000,000 | 2,943,120 | |
| 5.75% 11/15/50 | 1,600,000 | 1,549,904 | |
| Kirkwood, Missouri Industrial Development Authority | |||
| (Aberdeen Heights) Series A 5.25% 5/15/50 | 5,000,000 | 4,871,150 | |
| Lake County, Florida Retirement Facility Revenue | |||
| (Lakeside At Waterman Village Project) | |||
| Series A 5.75% 8/15/50 | 2,500,000 | 2,475,625 | |
| Series A 5.75% 8/15/55 | 1,500,000 | 1,462,980 | |
| Louisiana Local Government Environmental Facilities & Community Development Authority Revenue | |||
| (The Glen Retirement System Project) | |||
| Series A 5.00% 1/1/49 | 3,500,000 | 2,783,970 | |
| Series A 5.00% 1/1/55 | 2,635,000 | 2,027,448 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Healthcare Revenue Bonds (continued) | |||
| Maricopa County, Arizona Industrial Development Authority | |||
| (Christian Care Surprise Project) Series 2016 144A 6.00% 1/1/48 # | 5,645,000 | $ 4,428,051 | |
| Michigan State Strategic Fund Limited Revenue | |||
| (Evangelical Homes) 5.50% 6/1/47 | 2,750,000 | 2,749,945 | |
| Montgomery County, Pennsylvania Industrial Development Authority Revenue | |||
| (Whitemarsh Continuing Care) | |||
| 5.25% 1/1/40 | 1,550,000 | 1,575,699 | |
| 5.375% 1/1/50 | 6,250,000 | 6,339,000 | |
| Series A 5.375% 1/1/51 | 2,000,000 | 2,047,520 | |
| Moon, Pennsylvania Industrial Development Authority | |||
| (Baptist Homes Society Obligation) 6.125% 7/1/50 | 8,500,000 | 8,645,775 | |
| National Finance Authority Revenue, New Hampshire | |||
| (The Vista Project) | |||
| Series A 144A 5.25% 7/1/39 # | 1,515,000 | 1,473,307 | |
| Series A 144A 5.625% 7/1/46 # | 1,000,000 | 999,290 | |
| Series A 144A 5.75% 7/1/54 # | 2,000,000 | 2,002,920 | |
| New Hope, Texas Cultural Education Facilities Finance | |||
| (Buckingham Senior Living Community, Inc. Project) | |||
| Series A-1 7.50% 11/15/37 | 120,000 | 105,227 | |
| Series A-2 7.50% 11/15/36 | 745,000 | 673,718 | |
| Series B 2.00% 11/15/61 • | 3,000,000 | 1,687,890 | |
| (Cardinal Bay - Village on the Park) | |||
| Series A1 5.00% 7/1/46 ‡ | 660,000 | 495,000 | |
| Series A1 5.00% 7/1/51 ‡ | 1,575,000 | 1,181,250 | |
| Series B 4.00% 7/1/31 | 635,000 | 349,250 | |
| Series B 4.75% 7/1/51 | 1,915,000 | 1,053,250 | |
| Series C 5.00% 7/1/31 | 250,000 | 125,000 | |
| Series C 5.25% 7/1/36 | 350,000 | 175,000 | |
| Series C 5.75% 7/1/51 | 2,250,000 | 1,125,000 | |
| Series D 6.00% 7/1/26 | 90,000 | 40,500 | |
| Series D 7.00% 7/1/51 | 1,350,000 | 607,500 | |
| (Legacy Midtown Park Project) Series A 5.50% 7/1/54 | 5,000,000 | 4,483,000 | |
| (Sanctuary LTC Project) Series A-1 5.50% 1/1/57 | 8,830,000 | 8,069,649 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Healthcare Revenue Bonds (continued) | |||
| New Jersey Economic Development Authority | |||
| (Black Horse EHT Urban Renewal LLC Project) Series A 144A 5.00% 10/1/39 # | 3,125,000 | $ 2,757,062 | |
| (Lions Gate Project) 5.25% 1/1/44 | 2,000,000 | 1,917,680 | |
| New Jersey Health Care Facilities Financing Authority Revenue | |||
| (St. Peters University Hospital) 6.25% 7/1/35 | 2,700,000 | 2,706,129 | |
| (Virtua Health Issue) Series C 0.01% 7/1/43 • | 100,000 | 100,000 | |
| New Mexico Hospital Equipment Loan Council | |||
| (Gerald Champion Regional Medical Center Project) Series A 5.50% 7/1/42 | 4,750,000 | 4,762,302 | |
| New York State Dormitory Authority | |||
| (Garnet Health Medical Center) 144A 5.00% 12/1/40 # | 1,100,000 | 1,130,129 | |
| New York State Thruway Authority | |||
| Series B 3.00% 1/1/53 (BAM) | 3,410,000 | 2,909,821 | |
| Northampton County, Pennsylvania Industrial Development Authority Revenue | |||
| (Morningstar Senior Living) | |||
| 5.00% 7/1/36 | 2,000,000 | 1,999,960 | |
| 5.00% 11/1/49 | 1,830,000 | 1,763,809 | |
| Orange County, New York Funding Corporation Assisted Living Residence Revenue | |||
| 6.50% 1/1/46 | 3,600,000 | 3,215,160 | |
| Payne County, Oklahoma Economic Development Authority | |||
| (Epworth Living at the Ranch) Series A 7.00% 11/1/51 ‡ | 961,600 | 2,404 | |
| Pennsylvania Economic Development Financing Authority | |||
| (Tapestry Moon Senior Housing Project) Series 2018A 144A 6.75% 12/1/53 #, ‡ | 10,495,000 | 4,198,000 | |
| Prince George's County, Maryland | |||
| (Collington Episcopal Life Care Community) 5.25% 4/1/47 | 2,000,000 | 1,870,980 | |
| Public Finance Authority, Wisconsin | |||
| (Bancroft Neurohealth Project) | |||
| Series A 144A 5.00% 6/1/36 # | 960,000 | 980,189 | |
| Series A 144A 5.125% 6/1/48 # | 1,375,000 | 1,395,556 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Healthcare Revenue Bonds (continued) | |||
| Rochester, Minnesota | |||
| (The Homestead at Rochester) Series A 6.875% 12/1/48 | 2,500,000 | $ 2,573,350 | |
| Seminole County, Florida Industrial Development Authority Revenue | |||
| (Legacy Pointe at UCF Project) | |||
| Series A 5.50% 11/15/49 | 2,000,000 | 1,871,240 | |
| Series A 5.75% 11/15/54 | 6,000,000 | 5,761,680 | |
| Shelby County, Tennessee Health Educational & Housing Facilities Board Revenue | |||
| (The Farms at Bailey Station Project) 5.75% 10/1/59 | 3,670,000 | 3,322,818 | |
| Southeastern Ohio Port Authority | |||
| (Memorial Health Systems) | |||
| 5.00% 12/1/43 | 805,000 | 816,850 | |
| 5.50% 12/1/43 | 1,250,000 | 1,290,500 | |
| St. Louis County, Missouri Industrial Development Authority | |||
| (Nazareth Living Center Project) | |||
| Series A 5.00% 8/15/35 | 600,000 | 603,300 | |
| Series A 5.125% 8/15/45 | 1,800,000 | 1,777,914 | |
| Tarrant County, Texas Cultural Education Facilities Finance | |||
| (Buckner Senior Living - Ventana Project) | |||
| Series A 6.75% 11/15/47 | 2,250,000 | 2,391,412 | |
| Series A 6.75% 11/15/52 | 3,300,000 | 3,500,046 | |
| Tempe, Arizona Industrial Development Authority Revenue | |||
| (Mirabella at ASU Project) | |||
| Series A 144A 6.125% 10/1/47 # | 2,150,000 | 2,148,387 | |
| Series A 144A 6.125% 10/1/52 # | 2,570,000 | 2,550,468 | |
| University of North Carolina Board of Governors | |||
| 5.00% 2/1/49 | 19,355,000 | 23,232,194 | |
| Washington State Housing Finance Commission | |||
| (Heron's Key) | |||
| Series A 144A 7.00% 7/1/45 # | 1,000,000 | 1,050,570 | |
| Series A 144A 7.00% 7/1/50 # | 3,625,000 | 3,803,060 | |
| Westchester County, New York Local Development | |||
| (Purchase Senior Learning Community, Inc. Project) Series A 144A 5.00% 7/1/56 # | 4,250,000 | 3,986,202 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Healthcare Revenue Bonds (continued) | |||
| Westminster, Maryland | |||
| (Lutheran Village Millers Grant) | |||
| Series A 5.00% 7/1/24 | 910,000 | $ 928,355 | |
| Series A 6.00% 7/1/34 | 1,000,000 | 1,037,680 | |
| Series A 6.125% 7/1/39 | 750,000 | 777,832 | |
| Series A 6.25% 7/1/44 | 2,500,000 | 2,592,375 | |
| Wisconsin Health & Educational Facilities Authority | |||
| (Covenant Communities Project) | |||
| Series B 5.00% 7/1/48 | 1,000,000 | 753,060 | |
| Series B 5.00% 7/1/53 | 945,000 | 689,141 | |
| Series C 7.00% 7/1/43 | 1,000,000 | 671,320 | |
| Series C 7.50% 7/1/53 | 1,000,000 | 685,590 | |
| (St. Camillus Health System) | |||
| Series A 5.00% 11/1/46 | 2,000,000 | 1,999,880 | |
| Series A 5.00% 11/1/54 | 2,500,000 | 2,464,350 | |
| Wisconsin Public Finance Authority | |||
| (Rose Villa Project) Series A 144A 5.75% 11/15/44 # | 2,000,000 | 2,040,620 | |
| Yamhill County, Oregon Hospital Authority | |||
| (Friendsview) | |||
| Series A 5.00% 11/15/51 | 100,000 | 93,018 | |
| Series A 5.00% 11/15/56 | 1,500,000 | 1,373,850 | |
| 298,681,499 | |||
| Housing Revenue Bond — 0.04% | |||
| Independent Cities Finance Authority, California | |||
| Series A 5.25% 5/15/44 | 750,000 | 768,172 | |
| 768,172 | |||
| Lease Revenue Bonds — 2.48% | |||
| California Statewide Communities Development Authority Revenue | |||
| (Lancer Plaza Project) 5.875% 11/1/43 | 1,875,000 | 1,932,169 | |
| Industrial Development Authority of Phoenix, Arizona | |||
| 5.125% 2/1/34 | 1,000,000 | 999,380 | |
| 5.375% 2/1/41 | 1,300,000 | 1,305,707 | |
| Metropolitan Pier & Exposition Authority, Illinois | |||
| (McCormick Place Expansion Project) | |||
| Series A 4.00% 6/15/52 | 6,980,000 | 6,563,294 | |
| Series A 5.00% 6/15/50 | 4,135,000 | 4,339,475 | |
| Series A 5.00% 6/15/57 | 3,975,000 | 4,215,130 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Lease Revenue Bonds (continued) | |||
| New Jersey Transportation Trust Fund Authority | |||
| Series AA 4.00% 6/15/50 | 2,945,000 | $ 2,890,694 | |
| (Transportation Program) | |||
| Series AA 5.00% 6/15/25 | 1,000,000 | 1,065,470 | |
| Series AA 5.00% 6/15/44 | 2,900,000 | 2,969,919 | |
| New York Liberty Development Revenue | |||
| (4 World Trade Center Project) Series A 3.00% 11/15/51 | 5,750,000 | 4,673,140 | |
| (Class 1 - 3 World Trade Center Project) 144A 5.00% 11/15/44 # | 4,000,000 | 4,017,280 | |
| (Class 3-3 World Trade Center Project) 144A 7.25% 11/15/44 # | 8,000,000 | 8,133,600 | |
| Phoenix, Arizona Civic Improvement | |||
| (Junior Lien) Series A 5.00% 7/1/45 | 1,000,000 | 1,161,820 | |
| 44,267,078 | |||
| Local General Obligation Bonds — 2.19% | |||
| Chicago, Illinois | |||
| Series 2005D 5.50% 1/1/37 | 2,280,000 | 2,372,066 | |
| Series 2005D 5.50% 1/1/40 | 3,000,000 | 3,119,220 | |
| Series 2007E 5.50% 1/1/42 | 1,900,000 | 1,973,169 | |
| Series 2007F 5.50% 1/1/42 | 1,250,000 | 1,298,138 | |
| Series A 5.50% 1/1/49 | 770,000 | 824,023 | |
| Series C 5.00% 1/1/26 | 500,000 | 525,600 | |
| Chicago, Illinois Board of Education | |||
| Series A 144A 7.00% 12/1/46 # | 2,500,000 | 2,831,250 | |
| Series G 5.00% 12/1/44 | 2,545,000 | 2,634,177 | |
| Series H 5.00% 12/1/46 | 4,225,000 | 4,361,763 | |
| (Dedicated Revenues) Series A 5.00% 12/1/42 | 7,690,000 | 7,697,075 | |
| Katy, Texas Independent School District | |||
| 4.00% 2/15/40 (PSF) | 1,000,000 | 1,052,960 | |
| Maricopa County, Arizona Special Health Care District | |||
| Series D 4.00% 7/1/35 | 3,000,000 | 3,184,590 | |
| MIDA Golf and Equestrian Center Public Infrastructure District, Utah | |||
| 144A 4.50% 6/1/51 # | 4,835,000 | 3,929,840 | |
| 144A 4.625% 6/1/57 # | 4,190,000 | 3,371,609 | |
| 39,175,480 | |||
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Pre-Refunded/Escrowed to Maturity Bonds — 2.38% | |||
| Alachua County, Florida Health Facilities Authority | |||
| (Oak Hammock University) | |||
| Series A 8.00% 10/1/42 | 1,000,000 | $ 1,041,200 | |
| Series A 8.00% 10/1/46 | 1,500,000 | 1,561,800 | |
| Blythe Township, Pennsylvania Solid Waste Authority Revenue | |||
| 7.75% 12/1/37-27 (AMT) § | 2,900,000 | 3,519,208 | |
| District of Columbia Revenue | |||
| (KIPP Charter School) 6.00% 7/1/48-23 § | 1,450,000 | 1,517,323 | |
| East Hempfield Township, Pennsylvania Industrial Development Authority | |||
| (Student Services Income - Student Housing Project) 5.00% 7/1/30-23 § | 1,000,000 | 1,035,440 | |
| Florida Development Finance | |||
| (UF Health - Jacksonville Project) Series A 6.00% 2/1/33-23 § | 490,000 | 514,030 | |
| Foothill-Eastern Transportation Corridor Agency, California | |||
| Series A 6.00% 1/15/49-24 § | 7,690,000 | 8,205,461 | |
| Kanawha, West Virginia | |||
| (West Virginia University Foundation Project) 6.75% 7/1/45-23 § | 2,500,000 | 2,631,900 | |
| Kentucky Public Transportation Infrastructure Authority | |||
| (1st Tier - Downtown Crossing) | |||
| Series A 5.75% 7/1/49-23 § | 1,800,000 | 1,875,204 | |
| Series A 6.00% 7/1/53-23 § | 1,290,000 | 1,347,044 | |
| Nampa, Idaho Development Corpoartion Revenue | |||
| 144A 5.00% 9/1/31-24 #, § | 2,940,000 | 3,199,220 | |
| New Jersey Economic Development Authority Special Facility Revenue | |||
| Series WW 5.25% 6/15/30-25 § | 5,000,000 | 5,468,500 | |
| New Jersey Health Care Facilities Financing Authority Revenue | |||
| (Barnabas Health Services) Series A 4.00% 7/1/26-22 § | 980,000 | 982,264 | |
| Palm Beach County, Florida Health Facilities Authority | |||
| (Sinai Residences Boca Raton Project) Series A 7.25% 6/1/34 | 425,000 | 433,500 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Pre-Refunded/Escrowed to Maturity Bonds (continued) | |||
| Philadelphia, Pennsylvania Authority for Industrial Development Revenue | |||
| (New Foundation Charter School Project) 6.625% 12/15/41-22 § | 1,000,000 | $ 1,027,670 | |
| Pima County, Arizona Industrial Development Authority Education Revenue | |||
| (American Leadership Academy Project) | |||
| 144A 5.00% 6/15/47 # | 1,630,000 | 1,632,151 | |
| 144A 5.00% 6/15/52 # | 1,400,000 | 1,401,848 | |
| Riverside County, California Transportation Senior Lien | |||
| Series A 5.75% 6/1/48-23 § | 1,000,000 | 1,041,830 | |
| Southwestern Illinois Development Authority Revenue | |||
| (Memorial Group) | |||
| 7.125% 11/1/30-23 § | 1,420,000 | 1,524,313 | |
| 7.125% 11/1/43-23 § | 2,500,000 | 2,683,650 | |
| 42,643,556 | |||
| Resource Recovery Revenue Bonds — 0.47% | |||
| South Carolina Jobs-Economic Development Authority Educational Facilities Revenue | |||
| (Last Step Recycling Project) Series A 144A 6.50% 6/1/51 (AMT) # | 1,500,000 | 1,266,720 | |
| Union County, New Jersey Improvement Authority | |||
| (Aries Linden, LLC Project) 144A 6.75% 12/1/41 (AMT) # | 7,800,000 | 7,058,142 | |
| 8,324,862 | |||
| Special Tax Revenue Bonds — 13.81% | |||
| Allentown, Pennsylvania Neighborhood Improvement Zone Development Authority Revenue | |||
| (City Center Project) 144A 5.25% 5/1/42 # | 3,000,000 | 3,022,860 | |
| Celebration Pointe, Florida Community Development District No 1 | |||
| 5.125% 5/1/45 | 1,915,000 | 1,932,771 | |
| Cherry Hill, Virginia Community Development Authority | |||
| (Potomac Shores Project) | |||
| 144A 5.15% 3/1/35 # | 1,000,000 | 1,016,030 | |
| 144A 5.40% 3/1/45 # | 2,000,000 | 2,029,340 | |
| Commonwealth of Puerto Rico | |||
| 2.281% 11/1/51 • | 14,610,305 | 6,739,003 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Special Tax Revenue Bonds (continued) | |||
| Conley Road Transportation Development District, Missouri | |||
| 5.375% 5/1/47 | 6,655,000 | $ 6,676,828 | |
| Detroit, Michigan | |||
| (Taxable) Series B 0.543% 6/15/34 ‡ | 13,920,489 | 12,110,825 | |
| Fountain Urban Renewal Authority, Colorado | |||
| (Improvement - South Academy Highland) Series A 5.50% 11/1/44 | 3,750,000 | 3,678,788 | |
| GDB Debt Recovery Authority of Puerto Rico | |||
| (Taxable) 7.50% 8/20/40 | 72,464,118 | 64,674,225 | |
| Glen Cove, New York Local Economic Assistance | |||
| (Garvies Point Public Improvement Project) Series A 5.00% 1/1/56 | 2,000,000 | 1,983,820 | |
| Guam Government Business Privilege Tax Revenue | |||
| Series F 4.00% 1/1/42 | 2,500,000 | 2,277,925 | |
| Henderson, Nevada Local Improvement Districts | |||
| (Black Mountain Ranch) | |||
| 3.00% 9/1/36 | 300,000 | 245,037 | |
| 3.50% 9/1/45 | 720,000 | 577,339 | |
| 4.00% 9/1/51 | 500,000 | 433,915 | |
| Hickory Chase Community Authority Revenue, Ohio | |||
| (Hickory Chase Project) Senior Series A 144A 5.00% 12/1/40 # | 1,390,000 | 1,340,377 | |
| Juban Crossing Economic Development District, Louisiana | |||
| (General Infrastructure Projects) Series C 144A 7.00% 9/15/44 # | 3,010,000 | 2,730,492 | |
| (Road Projects) Series A 144A 7.00% 9/15/44 # | 1,910,000 | 1,732,637 | |
| Maricopa County, Arizona Industrial Development Authority | |||
| (Choice Academies, Inc. Project) 144A 5.75% 9/1/45 # | 5,000,000 | 5,094,150 | |
| Matching Fund Special Purpose Securitization Corporation, US Virgin Islands | |||
| Series A 5.00% 10/1/39 | 2,655,000 | 2,703,507 | |
| Midtown Miami, Florida Community Development District | |||
| (Parking Garage Project) Series A 5.00% 5/1/37 | 500,000 | 502,655 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Special Tax Revenue Bonds (continued) | |||
| Mobile, Alabama Improvement District | |||
| (McGowin Park Project) | |||
| Series A 5.25% 8/1/30 | 1,000,000 | $ 980,780 | |
| Series A 5.50% 8/1/35 | 1,300,000 | 1,261,520 | |
| Northampton County, Pennsylvania Industrial Development Authority | |||
| (Route 33 Project) 7.00% 7/1/32 | 2,155,000 | 2,221,913 | |
| Prairie Center Metropolitan District No 3, Colorado | |||
| Series A 144A 5.00% 12/15/41 # | 2,000,000 | 2,004,460 | |
| Public Finance Authority Revenue, Wisconsin | |||
| (American Dream @ Meadowlands Project) 144A 7.00% 12/1/50 # | 5,065,000 | 4,883,774 | |
| (Mclemore Hotel & Conference Center) Series B 144A 6.50% 6/1/56 # | 1,000,000 | 857,480 | |
| (Mclemore Hotel And Conference Center) Series A 144A 4.50% 6/1/56 # | 13,000,000 | 10,606,960 | |
| Puerto Rico Sales Tax Financing Revenue | |||
| (Capital Appreciation-Restructured) Series A-1 0.231% 7/1/46 ^ | 27,790,000 | 8,455,663 | |
| (Restructured) | |||
| Series A-1 0.116% 7/1/51 ^ | 33,290,000 | 7,355,425 | |
| Series A-1 4.75% 7/1/53 | 49,755,000 | 50,058,505 | |
| Series A-1 5.00% 7/1/58 | 15,910,000 | 16,215,631 | |
| Series A-2 4.536% 7/1/53 | 1,022,000 | 1,005,720 | |
| Series A-2 4.784% 7/1/58 | 9,337,000 | 9,410,576 | |
| Series B-1 4.75% 7/1/53 | 135,000 | 135,824 | |
| Richmond Heights, Missouri Tax Increment & Transaction Sales Tax Revenue Improvement | |||
| (Francis Place Redevelopment Project) 5.625% 11/1/25 | 730,000 | 719,948 | |
| St. Louis County, Missouri Industrial Development Authority | |||
| (Manchester Ballas Community) | |||
| Series A 144A 5.00% 9/1/38 # | 1,050,000 | 1,001,574 | |
| Series A 144A 5.25% 9/1/45 # | 3,540,000 | 3,331,494 | |
| St. Louis, Missouri Industrial Development Authority Tax Increment Revenue Improvement | |||
| (Grand Center Redevelopment Project) 6.375% 12/1/25 | 505,000 | 505,349 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Special Tax Revenue Bonds (continued) | |||
| Wyandotte County, Kansas City, Kansas Unified Government Special Obligation Revenue | |||
| (Sales Tax Vacation Village Project) Series A 6.00% 9/1/35 | 4,690,000 | $ 4,361,278 | |
| 246,876,398 | |||
| State General Obligation Bonds — 10.66% | |||
| California State | |||
| 4.00% 10/1/36 | 5,055,000 | 5,380,137 | |
| (Various Purpose) | |||
| 5.00% 8/1/27 | 5,000,000 | 5,560,100 | |
| 5.00% 10/1/28 | 5,000,000 | 5,788,400 | |
| 5.00% 9/1/41 | 2,660,000 | 3,109,833 | |
| 5.00% 4/1/42 | 3,000,000 | 3,527,370 | |
| Commonwealth of Massachusetts | |||
| Series B 5.00% 1/1/32 | 5,000,000 | 5,626,550 | |
| Series D 4.00% 11/1/35 | 5,000,000 | 5,392,950 | |
| Commonwealth of Puerto Rico | |||
| 2.807% 11/1/43 | 74,282,222 | 38,533,902 | |
| (Restructured) | |||
| Series A-1 4.00% 7/1/33 | 7,423,065 | 7,279,429 | |
| Series A-1 4.00% 7/1/35 | 6,672,344 | 6,453,958 | |
| Series A-1 4.00% 7/1/37 | 5,726,631 | 5,539,084 | |
| Series A-1 4.00% 7/1/41 | 7,786,028 | 7,396,104 | |
| Series A-1 4.00% 7/1/46 | 9,158,364 | 8,568,290 | |
| Series A-1 4.364% 7/1/33 ^ | 9,552,773 | 5,669,571 | |
| Series A-1 5.625% 7/1/27 | 8,192,346 | 8,947,271 | |
| Series A-1 5.625% 7/1/29 | 8,059,441 | 8,917,852 | |
| Series A-1 5.75% 7/1/31 | 7,828,068 | 8,868,653 | |
| Illinois State | |||
| 5.00% 1/1/28 | 1,190,000 | 1,266,755 | |
| 5.00% 5/1/36 | 1,710,000 | 1,741,789 | |
| 5.00% 11/1/36 | 2,245,000 | 2,317,917 | |
| 5.00% 2/1/39 | 2,180,000 | 2,205,877 | |
| 5.125% 12/1/29 | 1,310,000 | 1,417,014 | |
| 5.50% 5/1/39 | 6,000,000 | 6,499,380 | |
| Series A 5.00% 12/1/34 | 2,625,000 | 2,735,329 | |
| Series A 5.00% 4/1/38 | 2,805,000 | 2,822,419 | |
| Series A 5.50% 3/1/47 | 3,200,000 | 3,490,624 | |
| Series B 4.00% 11/1/35 | 2,000,000 | 1,944,660 | |
| Series D 5.00% 11/1/28 | 4,700,000 | 5,106,174 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| State General Obligation Bonds (continued) | |||
| New Jersey State | |||
| (Go Emergency Bonds) Series A 4.00% 6/1/32 | 2,080,000 | $ 2,240,098 | |
| Ohio State | |||
| (Infrastructure Improvement) Series A 5.00% 9/1/32 | 5,000,000 | 5,707,200 | |
| Washington State | |||
| (Various Purpose) | |||
| Series C 5.00% 2/1/28 | 2,500,000 | 2,861,075 | |
| Series C 5.00% 2/1/46 | 6,635,000 | 7,692,022 | |
| 190,607,787 | |||
| Transportation Revenue Bonds — 2.03% | |||
| Florida development Finance Corporation Revenue | |||
| (Brightline Florida Passenger Rail Expansion Project) Series A-1 144A 6.75% 12/1/56 (AMT) #, • | 5,000,000 | 4,972,200 | |
| Long Beach, California Marina Revenue | |||
| 5.00% 5/15/40 | 1,000,000 | 1,034,880 | |
| New York Transportation Development | |||
| (Delta Airlines Inc. LaGuardia Airport Terminals C & D Redevelopment Project) | |||
| 4.375% 10/1/45 (AMT) | 10,200,000 | 9,844,836 | |
| 5.00% 10/1/40 (AMT) | 3,400,000 | 3,524,236 | |
| Phoenix, Arizona Civic Improvement | |||
| (Junior Lien) Series A 5.00% 7/1/40 | 30,000 | 31,733 | |
| Port Beaumont, Texas Navigation District Dock & Wharf Facility Revenue | |||
| (Jefferson Gulf Coast Energy Project) Series A 144A 2.875% 1/1/41 (AMT) # | 1,750,000 | 1,267,245 | |
| San Diego County, California Regional Airport Authority | |||
| Series B 4.00% 7/1/56 (AMT) | 3,000,000 | 2,946,840 | |
| South Jersey Port, New Jersey | |||
| (Subordinated Marine Terminal Revenue) | |||
| Series A 5.00% 1/1/49 | 1,110,000 | 1,168,974 | |
| Series B 5.00% 1/1/48 (AMT) | 2,000,000 | 2,069,700 | |
| Texas Private Activity Bond Surface Transportation Corporate Senior Lien | |||
| (NTE Mobility Partners Segments 3 LLC Segment 3C Project) 5.00% 6/30/58 (AMT) | 2,825,000 | 2,947,972 | |
| Principal amount° | Value (US $) | ||
| Municipal Bonds (continued) | |||
| Transportation Revenue Bonds (continued) | |||
| Texas Private Activity Bond Surface Transportation Corporate Senior Lien | |||
| (NTE Mobility) | |||
| 6.75% 6/30/43 (AMT) | 1,905,000 | $ 1,980,000 | |
| 7.00% 12/31/38 (AMT) | 1,335,000 | 1,394,101 | |
| Virginia Small Business Financing Authority | |||
| (Transform 66 P3 Project) 5.00% 12/31/56 (AMT) | 2,975,000 | 3,086,414 | |
| 36,269,131 | |||
| Water & Sewer Revenue Bonds — 1.89% | |||
| Chicago, Illinois Waterworks Revenue | |||
| (2nd Lien) | |||
| 5.00% 11/1/26 | 180,000 | 193,738 | |
| 5.00% 11/1/28 | 30,000 | 32,188 | |
| Dominion, Colorado Water & Sanitation District Revenue | |||
| 6.00% 12/1/46 | 3,865,000 | 3,949,218 | |
| Jefferson County, Alabama Sewer Revenue | |||
| (Senior Lien-Warrants) Series A 5.50% 10/1/53 (AGM) | 2,500,000 | 2,645,250 | |
| (Sub Lien-Warrants) | |||
| Series D 6.50% 10/1/53 | 14,000,000 | 15,403,640 | |
| Series D 7.00% 10/1/51 | 5,000,000 | 5,534,700 | |
| Texas Water Development Board | |||
| (Master Trust) Series B 5.00% 4/15/31 | 5,240,000 | 6,027,520 | |
| 33,786,254 | |||
| Total Municipal Bonds (cost $1,701,171,031) | 1,719,097,581 | ||
| Short-Term Investments — 2.86% | |||
| Variable Rate Demand Notes — 2.86%¤ | |||
| Arizona Health Facilities Authority Revenue | |||
| (Banner Health) Series C 0.62% 1/1/46 (LOC - Bank Of America, N.A.) | 450,000 | 450,000 | |
| California Public Finance Authority | |||
| (Sharp Healthcare) Series C 0.57% 8/1/52 (LOC - Barclays Bank) | 3,600,000 | 3,600,000 | |
| Colorado Health Facilities Authority Revenue | |||
| (Children's Hospital Colorado Project) Series A 0.62% 12/1/52 (LOC - TD Bank N.A.) | 1,500,000 | 1,500,000 | |
| Principal amount° | Value (US $) | ||
| Short-Term Investments (continued) | |||
| Variable Rate Demand Notes (continued) | |||
| Los Angeles, California Department of Water & Power Revenue | |||
| Series A-2 0.07% 7/1/45 (SPA - TD Bank N.A.)• | 7,025,000 | $ 7,025,000 | |
| (Power System) Subordinate Series A-1 0.52% 7/1/50 (SPA - Royal Bank of Canada) | 4,455,000 | 4,455,000 | |
| Mississippi Business Finance Corporation Gulf Opportunity Zone Industrial Development Revenue | |||
| (Chevron U.S.A. Inc. Project) | |||
| Series A 0.60% 12/1/30 | 2,580,000 | 2,580,000 | |
| Series A 0.60% 11/1/35 | 650,000 | 650,000 | |
| Series B 0.01% 12/1/30 • | 1,500,000 | 1,500,000 | |
| Series B 0.01% 11/1/35 • | 2,890,000 | 2,890,000 | |
| Series E 0.60% 12/1/30 | 550,000 | 550,000 | |
| Series E 0.60% 12/1/30 | 2,625,000 | 2,625,000 | |
| Series F 0.60% 12/1/30 | 1,710,000 | 1,710,000 | |
| (Chevron USA Project) Series C 0.60% 12/1/30 | 500,000 | 500,000 | |
| New Jersey Health Care Facilities Financing Authority Revenue | |||
| (Virtua Health Issue) Series B 0.52% 7/1/43 (LOC – JPMorgan Chase Bank N.A.) | 1,050,000 | 1,050,000 | |
| New York City | |||
| Fiscal 2018 Subordinate Series B-4 0.65% 10/1/46 (SPA - Barclays Bank) | 3,800,000 | 3,800,000 | |
| Subordinate Series F-5 0.01% 6/1/44 (SPA - Barclays Bank) | 900,000 | 900,000 | |
| Subordinate Series I-2 0.62% 3/1/40 (SPA - JPMorgan Chase Bank N.A.) | 1,700,000 | 1,700,000 | |
| New York City Transitional Finance Authority Future Tax Secured Revenue | |||
| Fiscal 2014 Subordinate Series B-3 0.65% 11/1/42 | 5,800,000 | 5,800,000 | |
| New York City, New York Municipal Water Finance Authority Water & Sewer System Revenue | |||
| Fiscal 2008 Series BB-5 0.58% 6/15/33 | 725,000 | 725,000 | |
| Fiscal 2014 Series AA 0.62% 6/15/50 (SPA – JPMorgan Chase Bank N.A.) | 2,800,000 | 2,800,000 | |
| Subordinate Series A-2 0.58% 6/15/44 (SPA - Mizuho Bank) | 2,000,000 | 2,000,000 | |
| Oregon State Facilities Authority Revenue | |||
| (PeaceHealth) Series B 0.60% 8/1/34 (LOC - TD Bank N.A.) | 500,000 | 500,000 | |
| Principal amount° | Value (US $) | ||
| Short-Term Investments (continued) | |||
| Variable Rate Demand Notes (continued) | |||
| University of Michigan Revenue | |||
| (General Revenue) Series D-1 0.55% 12/1/24 | 1,770,000 | $ 1,770,000 | |
| Total Short-Term Investments (cost $51,080,000) | 51,080,000 | ||
| Total Value of Securities—99.02% (cost $1,752,251,031) | 1,770,177,581 | ||
| Receivables and Other Assets Net of Liabilities—0.98% | 17,500,685 | ||
| Net Assets Applicable to 164,571,630 Shares Outstanding—100.00% | $1,787,678,266 | ||
| ° | Principal amount shown is stated in USD unless noted that the security is denominated in another currency. |
| # | Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. At May 31, 2022, the aggregate value of Rule 144A securities was $446,737,510, which represents 24.99% of the Fund's net assets. |
| ^ | Zero-coupon security. The rate shown is the effective yield at the time of purchase. |
| ‡ | Non-income producing security. Security is currently in default. |
| • | Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at May 31, 2022. For securities based on a published reference rate and spread, the reference rate and spread are indicated in their descriptions. The reference rate descriptions (i.e. LIBOR03M, LIBOR06M, etc.) used in this report are identical for different securities, but the underlying reference rates may differ due to the timing of the reset period. 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, or for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. |
| § | Pre-refunded bonds. Municipal bonds that are generally backed or secured by US Treasury bonds. For pre-refunded bonds, the stated maturity is followed by the year in which the bond will be pre-refunded. |
| ¤ | Tax-exempt obligations that contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the unpaid principal balance plus accrued interest upon a short notice period (generally up to 30 days) prior to specified dates either from the issuer or by drawing on a bank letter of credit, a guarantee, or insurance issued with respect to such instrument. Each rate shown is as of May 31, 2022. |
| Summary of abbreviations: |
| AGM – Insured by Assured Guaranty Municipal Corporation |
| Summary of abbreviations: (continued) |
| AMT – Subject to Alternative Minimum Tax |
| BAM – Insured by Build America Mutual Assurance |
| ICE – Intercontinental Exchange, Inc. |
| KIPP – Knowledge is Power Program |
| L.P. – Limited Partnership |
| LIBOR – London Interbank Offered Rate |
| LIBOR03M – ICE LIBOR USD 3 Month |
| LLC – Limited Liability Corporation |
| LOC – Letter of Credit |
| N.A. – National Association |
| PSF – Guaranteed by Permanent School Fund |
| SPA – Stand-by Purchase Agreement |
| USD – US Dollar |