STATEMENT
OF INVESTMENTS
BNY Mellon National Intermediate Municipal Bond Fund
May 31, 2021 (Unaudited)
Description | Coupon | Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% | |||||||||
Alabama - .5% | |||||||||
Alabama Public School & College Authority, Revenue Bonds, Refunding, Ser. A | 4.00 | 11/1/2036 | 7,500,000 | 9,289,287 | |||||
Auburn University, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2030 | 5,000,000 | 5,839,500 | |||||
15,128,787 | |||||||||
Arizona - 2.7% | |||||||||
Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Fund Obligated Group) Ser. A | 4.00 | 11/1/2049 | 2,000,000 | 2,253,005 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Fund Obligated Group) Ser. A | 5.00 | 11/1/2033 | 900,000 | 1,172,828 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Fund Obligated Group) Ser. A | 5.00 | 11/1/2035 | 850,000 | 1,101,535 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Equitable School Revolving Fund Obligated Group) Ser. A | 5.00 | 11/1/2034 | 1,000,000 | 1,298,813 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Community) Ser. A | 5.00 | 1/1/2025 | 650,000 | 683,644 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Community) Ser. A | 5.00 | 1/1/2026 | 600,000 | 636,464 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Community) Ser. A | 5.00 | 1/1/2029 | 675,000 | 722,845 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Community) Ser. A | 5.00 | 1/1/2027 | 525,000 | 560,204 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Community) Ser. A | 5.00 | 1/1/2028 | 1,000,000 | 1,070,460 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Arizona - 2.7% (continued) | |||||||||
Arizona Industrial Development Authority, Revenue Bonds (Greathearts Arizona Project) Ser. A | 3.00 | 7/1/2034 | 770,000 | 850,919 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Greathearts Arizona Project) Ser. A | 3.00 | 7/1/2035 | 795,000 | 874,715 | |||||
Arizona Industrial Development Authority, Revenue Bonds (Greathearts Arizona Project) Ser. A | 3.00 | 7/1/2036 | 820,000 | 897,498 | |||||
Maricopa County Industrial Development Authority, Revenue Bonds, Refunding (Banner Health Obligated Group) | 5.00 | 1/1/2027 | 5,000,000 | 6,183,186 | |||||
Maricopa County Industrial Development Authority, Revenue Bonds, Refunding (Banner Health Obligated Group) | 5.00 | 1/1/2034 | 10,000,000 | 12,089,207 | |||||
Maricopa County Special Health Care District, GO (Maricopa Integrated Health System) Ser. C | 5.00 | 7/1/2029 | 5,000,000 | 6,340,851 | |||||
Maricopa County Special Health Care District, GO (Maricopa Integrated Health System) Ser. C | 5.00 | 7/1/2035 | 6,000,000 | 7,479,234 | |||||
Mesa Utility System, Revenue Bonds, Refunding, Ser. B | 4.00 | 7/1/2033 | 5,000,000 | 5,504,125 | |||||
Phoenix Civic Improvement Corp., Revenue Bonds, Refunding, Ser. B | 4.00 | 7/1/2028 | 10,000,000 | 11,065,204 | |||||
Salt River Project Agricultural Improvement & Power District, Revenue Bonds, Refunding | 5.00 | 1/1/2025 | 4,500,000 | 5,175,004 | |||||
Salt River Project Agricultural Improvement & Power District, Revenue Bonds, Refunding | 5.00 | 1/1/2026 | 3,700,000 | 4,394,682 | |||||
Salt River Project Agricultural Improvement & Power District, Revenue Bonds, Refunding | 5.00 | 1/1/2027 | 2,750,000 | 3,364,030 | |||||
The University of Arizona, Revenue Bonds, Refunding | 5.00 | 8/1/2026 | 300,000 | 367,631 | |||||
The University of Arizona, Revenue Bonds, Refunding | 5.00 | 8/1/2025 | 305,000 | 362,495 | |||||
The University of Arizona, Revenue Bonds, Refunding | 5.00 | 8/1/2027 | 250,000 | 314,387 | |||||
The University of Arizona, Revenue Bonds, Refunding | 5.00 | 8/1/2029 | 400,000 | 524,835 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Arizona - 2.7% (continued) | |||||||||
The University of Arizona, Revenue Bonds, Refunding | 5.00 | 8/1/2028 | 345,000 | 443,738 | |||||
75,731,539 | |||||||||
Arkansas - .1% | |||||||||
Arkansas Development Finance Authority, Revenue Bonds | 4.00 | 6/1/2040 | 1,000,000 | 1,160,177 | |||||
Arkansas Development Finance Authority, Revenue Bonds | 4.00 | 6/1/2037 | 1,000,000 | 1,166,845 | |||||
2,327,022 | |||||||||
California - 13.3% | |||||||||
Alameda Corridor Transportation Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | 5.00 | 10/1/2035 | 2,050,000 | 2,478,402 | |||||
Alameda Corridor Transportation Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 10/1/2036 | 1,500,000 | 1,774,215 | |||||
Anaheim Housing & Public Improvement Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 10/1/2036 | 1,750,000 | 1,892,705 | |||||
Anaheim Housing & Public Improvement Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 10/1/2035 | 2,485,000 | 2,689,070 | |||||
Bay Area Toll Authority, Revenue Bonds, Refunding | 4.00 | 4/1/2035 | 10,000,000 | 11,706,210 | |||||
Bay Area Toll Authority, Revenue Bonds, Refunding, Ser. A | 2.63 | 4/1/2026 | 10,000,000 | 10,853,188 | |||||
California, GO | 1.70 | 2/1/2028 | 10,000,000 | 10,192,345 | |||||
California, GO | 5.25 | 10/1/2039 | 5,000,000 | 6,055,526 | |||||
California, GO | 5.25 | 9/1/2029 | 10,000,000 | 11,128,859 | |||||
California, GO, Refunding | 4.00 | 9/1/2031 | 10,000,000 | 11,657,306 | |||||
California, GO, Refunding | 5.00 | 12/1/2023 | 2,500,000 | 2,799,546 | |||||
California, GO, Refunding | 5.00 | 12/1/2023 | 12,500,000 | 13,997,731 | |||||
California, GO, Refunding | 5.00 | 10/1/2025 | 5,000,000 | 5,992,432 | |||||
California, GO, Refunding | 5.00 | 9/1/2032 | 6,500,000 | 8,768,982 | |||||
California, GO, Refunding | 5.00 | 9/1/2030 | 6,000,000 | 7,983,802 | |||||
California, GO, Refunding | 5.00 | 10/1/2029 | 5,000,000 | 6,035,983 | |||||
California, GO, Refunding | 5.00 | 4/1/2031 | 9,900,000 | 12,891,499 | |||||
California, GO, Ser. A | 2.38 | 10/1/2026 | 14,725,000 | 15,781,934 | |||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2030 | 350,000 | 468,747 | |||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2029 | 500,000 | 657,975 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
California - 13.3% (continued) | |||||||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2027 | 600,000 | 754,386 | |||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2028 | 500,000 | 643,579 | |||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2026 | 400,000 | 489,032 | |||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2031 | 350,000 | 465,749 | |||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2033 | 250,000 | 329,206 | |||||
California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2032 | 300,000 | 397,146 | |||||
California Health Facilities Financing Authority, Revenue Bonds (City of Hope Obligated Group) | 5.00 | 11/15/2049 | 5,375,000 | 6,435,557 | |||||
California Health Facilities Financing Authority, Revenue Bonds (Lucile Salter Packard Children's Hospital at Stanford Obligated Group) | 4.00 | 11/15/2047 | 1,120,000 | 1,275,024 | |||||
California Health Facilities Financing Authority, Revenue Bonds, Refunding (Adventist Health System Obligated Group) Ser. A | 4.00 | 3/1/2033 | 6,990,000 | 7,390,777 | |||||
California Infrastructure & Economic Development Bank, Revenue Bonds, Ser. A | 4.00 | 10/1/2026 | 8,275,000 | a | 9,810,927 | ||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 8/1/2027 | 2,500,000 | 3,014,401 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 8/1/2026 | 2,500,000 | 2,935,618 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 8/1/2028 | 1,055,000 | 1,300,195 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 8/1/2031 | 2,000,000 | 2,598,142 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 8/1/2029 | 2,000,000 | 2,509,316 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 8/1/2025 | 2,280,000 | 2,600,628 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 2/1/2026 | 3,020,000 | 3,563,149 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
California - 13.3% (continued) | |||||||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 2/1/2025 | 4,310,000 | 4,930,122 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 2/1/2027 | 5,500,000 | 6,672,768 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 2/1/2029 | 4,000,000 | 5,062,142 | |||||
California Public Works Board, Revenue Bonds, Refunding, Ser. A | 5.00 | 2/1/2028 | 4,610,000 | 5,726,093 | |||||
Evergreen School District, GO | 4.00 | 8/1/2041 | 5,000,000 | 5,510,785 | |||||
Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2029 | 9,080,000 | 9,883,493 | |||||
Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A1 | 5.00 | 6/1/2032 | 12,215,000 | 15,072,181 | |||||
Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A1 | 5.00 | 6/1/2033 | 1,000,000 | 1,227,680 | |||||
Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A1 | 5.00 | 6/1/2029 | 3,500,000 | 4,281,121 | |||||
Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A1 | 5.00 | 6/1/2030 | 6,775,000 | 8,451,564 | |||||
Long Beach Unified School District, GO, Ser. A | 4.00 | 8/1/2038 | 10,300,000 | 11,645,881 | |||||
Los Angeles Community College District, GO, Refunding | 1.81 | 8/1/2030 | 10,000,000 | 9,959,487 | |||||
Los Angeles Department of Airports, Revenue Bonds, Refunding, Ser. A | 5.00 | 5/15/2024 | 1,080,000 | 1,226,473 | |||||
Los Angeles Department of Airports, Revenue Bonds, Refunding, Ser. A | 5.00 | 5/15/2025 | 1,240,000 | 1,455,225 | |||||
Los Angeles Department of Airports, Revenue Bonds, Refunding, Ser. A | 5.00 | 5/15/2026 | 1,500,000 | 1,815,036 | |||||
Los Angeles Department of Airports, Revenue Bonds, Refunding, Ser. A | 5.00 | 5/15/2023 | 825,000 | 901,743 | |||||
Los Angeles Department of Airports, Revenue Bonds, Refunding, Ser. B | 5.00 | 5/15/2026 | 9,060,000 | 10,972,665 | |||||
New Haven Unified School District, GO (Insured; Assured Guaranty Corp.) | 0.00 | 8/1/2033 | 4,000,000 | b | 3,136,265 | ||||
Newport Mesa Unified School District, GO, Refunding | 5.00 | 8/1/2024 | 1,000,000 | 1,150,178 | |||||
Patterson Public Financing Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | 4.00 | 6/1/2034 | 400,000 | 476,983 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
California - 13.3% (continued) | |||||||||
Patterson Public Financing Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | 4.00 | 6/1/2035 | 420,000 | 500,051 | |||||
Patterson Public Financing Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | 4.00 | 6/1/2026 | 295,000 | 341,076 | |||||
Patterson Public Financing Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | 4.00 | 6/1/2033 | 385,000 | 460,381 | |||||
Riverside County Transportation Commission, Revenue Bonds, Refunding, Ser. A | 5.25 | 6/1/2023 | 5,000,000 | a | 5,509,399 | ||||
Sacramento County Water Financing Authority, Revenue Bonds (Insured; National Public Finance Guarantee Corp.) Ser. B, 3 Month LIBOR x.67 +.55% | 0.68 | 6/1/2034 | 8,000,000 | c | 8,000,014 | ||||
San Francisco City & County, COP, Refunding (Moscone Convention Center Expansion Project) Ser. B | 4.00 | 4/1/2037 | 7,000,000 | 7,876,354 | |||||
San Francisco City & County Airport Commission, Revenue Bonds, Refunding, Ser. D | 5.00 | 5/1/2024 | 4,375,000 | 4,958,438 | |||||
San Francisco City & County Airport Commission, Revenue Bonds, Refunding, Ser. G | 5.00 | 5/1/2027 | 5,045,000 | 6,253,037 | |||||
San Francisco Community College District, GO, Refunding | 5.00 | 6/15/2029 | 5,000,000 | 5,864,102 | |||||
Southern California Public Power Authority, Revenue Bonds (Apex Power Project) Ser. A | 5.00 | 7/1/2033 | 3,380,000 | 3,834,098 | |||||
Southern California Tobacco Securitization Authority, Revenue Bonds, Refunding (San Diego County Tobacco Asset Securitization Corp.) | 5.00 | 6/1/2037 | 1,000,000 | 1,281,349 | |||||
Southern California Tobacco Securitization Authority, Revenue Bonds, Refunding (San Diego County Tobacco Asset Securitization Corp.) | 5.00 | 6/1/2034 | 500,000 | 647,222 | |||||
University of California, Revenue Bonds, Refunding (Limited Project) Ser. I | 5.00 | 5/15/2030 | 11,000,000 | 12,937,597 | |||||
University of California, Revenue Bonds, Refunding, Ser. S | 5.00 | 5/15/2030 | 3,000,000 | 3,853,258 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
California - 13.3% (continued) | |||||||||
University of California, Revenue Bonds, Refunding, Ser. S | 5.00 | 5/15/2031 | 2,000,000 | 2,620,815 | |||||
University of California, Revenue Bonds, Refunding, Ser. S | 5.00 | 5/15/2026 | 2,000,000 | 2,349,338 | |||||
University of California, Revenue Bonds, Refunding, Ser. S | 5.00 | 5/15/2029 | 3,000,000 | 3,783,464 | |||||
372,947,167 | |||||||||
Colorado - 1.7% | |||||||||
Colorado Energy Public Authority, Revenue Bonds | 6.13 | 11/15/2023 | 3,500,000 | 3,792,432 | |||||
Colorado Housing & Finance Authority, Revenue Bonds (Insured; Government National Mortgage Association) Ser. F | 4.25 | 11/1/2049 | 4,380,000 | 4,913,004 | |||||
Colorado Housing & Finance Authority, Revenue Bonds, Ser. B | 3.75 | 5/1/2050 | 4,610,000 | 5,093,269 | |||||
Denver City & County Airport System, Revenue Bonds, Refunding, Ser. A | 5.00 | 12/1/2027 | 10,000,000 | 12,516,965 | |||||
Denver City & County Airport System, Revenue Bonds, Ser. A | 5.00 | 11/15/2033 | 5,000,000 | 5,487,984 | |||||
E-470 Public Highway Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 9/1/2040 | 1,450,000 | 1,624,452 | |||||
Regional Transportation District, COP, Refunding | 5.00 | 6/1/2031 | 1,710,000 | 2,197,878 | |||||
Regional Transportation District, COP, Refunding | 5.00 | 6/1/2030 | 3,000,000 | 3,872,035 | |||||
Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A | 5.00 | 1/15/2032 | 1,300,000 | 1,706,768 | |||||
Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A | 5.00 | 7/15/2032 | 1,905,000 | 2,495,119 | |||||
Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A | 5.00 | 1/15/2029 | 1,400,000 | 1,779,862 | |||||
Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A | 5.00 | 1/15/2030 | 1,000,000 | 1,294,264 | |||||
46,774,032 | |||||||||
Connecticut - 1.4% | |||||||||
Connecticut, GO, Refunding, Ser. A | 4.50 | 3/15/2033 | 3,700,000 | 4,185,196 | |||||
Connecticut, GO, Ser. 2021 A | 3.00 | 1/15/2035 | 8,000,000 | 8,921,406 | |||||
Connecticut, GO, Ser. B | 4.00 | 6/15/2030 | 3,000,000 | 3,376,336 | |||||
Connecticut, Revenue Bonds, Ser. A | 5.00 | 9/1/2030 | 7,055,000 | 8,524,574 | |||||
Connecticut, Revenue Bonds, Ser. A | 5.00 | 9/1/2028 | 1,070,000 | 1,300,846 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Connecticut - 1.4% (continued) | |||||||||
Connecticut, Special Tax Bonds, Ser. A | 5.00 | 5/1/2028 | 5,000,000 | 6,386,340 | |||||
Connecticut, Special Tax Bonds, Ser. A | 5.00 | 5/1/2027 | 3,400,000 | 4,247,529 | |||||
Connecticut Health & Educational Facilities Authority, Revenue Bonds, Refunding (Fairfield University) Ser. R | 3.25 | 7/1/2035 | 1,785,000 | 1,940,009 | |||||
Connecticut Housing Finance Authority, Revenue Bonds, Refunding (Insured; GNMA, FNMA, FHLMC) Ser. D1 | 4.00 | 11/15/2047 | 1,460,000 | 1,585,147 | |||||
40,467,383 | |||||||||
Delaware - .3% | |||||||||
Delaware River & Bay Authority, Revenue Bonds, Refunding, Ser. C | 5.00 | 1/1/2024 | 1,000,000 | 1,116,953 | |||||
Delaware River & Bay Authority, Revenue Bonds, Refunding, Ser. C | 5.00 | 1/1/2023 | 1,500,000 | 1,609,400 | |||||
University of Delaware, Revenue Bonds, Refunding (Liquidity Agreement; TD Bank NA) Ser. C | 0.02 | 11/1/2037 | 340,000 | d | 340,000 | ||||
University of Delaware, Revenue Bonds, Refunding, Ser. A | 5.00 | 5/1/2023 | 5,440,000 | a | 5,948,445 | ||||
9,014,798 | |||||||||
District of Columbia - 1.9% | |||||||||
District of Columbia, Revenue Bonds, Refunding (Friendship Public Charter School) | 5.00 | 6/1/2036 | 3,200,000 | 3,690,162 | |||||
District of Columbia, Revenue Bonds, Refunding (KIPP DC Obligated Group) Ser. A | 5.00 | 7/1/2042 | 5,955,000 | 7,021,497 | |||||
District of Columbia, Revenue Bonds, Refunding (KIPP DC Obligated Group) Ser. A | 5.00 | 7/1/2037 | 4,925,000 | 5,860,035 | |||||
District of Columbia, Revenue Bonds, Refunding (KIPP DC Project) Ser. B | 5.00 | 7/1/2037 | 1,010,000 | 1,201,753 | |||||
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding | 5.00 | 10/1/2027 | 15,910,000 | 20,003,713 | |||||
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding | 5.00 | 10/1/2028 | 5,505,000 | 6,875,370 | |||||
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 10/1/2036 | 1,250,000 | 1,470,722 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
District of Columbia - 1.9% (continued) | |||||||||
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 10/1/2037 | 1,650,000 | 1,934,745 | |||||
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 10/1/2038 | 1,000,000 | 1,168,993 | |||||
Metropolitan Washington Airports Authority, Revenue Bonds, Refunding, Ser. C | 5.00 | 10/1/2024 | 3,070,000 | 3,118,836 | |||||
52,345,826 | |||||||||
Florida - 5.6% | |||||||||
Alachua County Health Facilities Authority, Revenue Bonds, Refunding (Shands Teaching Hospital & Clinics Obligated Group) | 5.00 | 12/1/2026 | 5,000,000 | 5,971,193 | |||||
Florida Department of Transportation Turnpike System, Revenue Bonds, Refunding, Ser. C | 4.50 | 7/1/2040 | 8,710,000 | 9,380,328 | |||||
Florida Development Finance Corp., Revenue Bonds (Mater Academy Project) Ser. A | 5.00 | 6/15/2035 | 1,000,000 | 1,158,241 | |||||
Florida Municipal Power Agency, Revenue Bonds, Ser. A | 3.00 | 10/1/2033 | 3,610,000 | 3,969,618 | |||||
Jacksonville, Revenue Bonds, Refunding | 5.00 | 10/1/2021 | 2,500,000 | 2,539,854 | |||||
Lee County Airport, Revenue Bonds, Refunding, Ser. A | 5.50 | 10/1/2023 | 3,565,000 | 3,601,175 | |||||
Lee County Airport, Revenue Bonds, Refunding, Ser. A | 5.50 | 10/1/2024 | 5,000,000 | 5,050,736 | |||||
Miami-Dade County, Revenue Bonds (Juvenile Courthouse) (Insured; American Municipal Bond Assurance Corp.) (LOC; TD Bank NA) Ser. B | 0.05 | 4/1/2043 | 175,000 | d | 175,000 | ||||
Miami-Dade County Water & Sewer System, Revenue Bonds | 3.00 | 10/1/2036 | 1,000,000 | 1,126,292 | |||||
Miami-Dade County Water & Sewer System, Revenue Bonds, Refunding, Ser. A | 5.00 | 10/1/2034 | 10,110,000 | 11,982,540 | |||||
Miami-Dade County Water & Sewer System, Revenue Bonds, Refunding, Ser. A | 5.00 | 10/1/2032 | 5,000,000 | 5,956,780 | |||||
Miami-Dade County Water & Sewer System, Revenue Bonds, Refunding, Ser. B | 5.00 | 10/1/2033 | 5,150,000 | 6,111,145 | |||||
Miami-Dade County Water & Sewer System, Revenue Bonds, Refunding, Ser. B | 5.00 | 10/1/2031 | 3,000,000 | 3,579,758 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Florida - 5.6% (continued) | |||||||||
North Sumter County Utility Dependent District, Revenue Bonds, Refunding | 5.00 | 10/1/2031 | 4,850,000 | 6,505,500 | |||||
Orange County Convention Center, Revenue Bonds, Refunding | 4.00 | 10/1/2031 | 5,000,000 | 5,783,970 | |||||
Orange County Health Facilities Authority, Revenue Bonds, Refunding (Orlando Health Obligated Group) | 5.00 | 10/1/2025 | 3,000,000 | 3,562,721 | |||||
Orange County Health Facilities Authority, Revenue Bonds, Refunding (Orlando Health Obligated Group) | 5.00 | 10/1/2026 | 3,000,000 | 3,673,180 | |||||
Orange County School Board, COP, Refunding, Ser. A | 5.00 | 8/1/2032 | 10,000,000 | 13,899,596 | |||||
Orange County School Board, COP, Refunding, Ser. C | 5.00 | 8/1/2031 | 10,000,000 | 11,758,164 | |||||
Palm Beach County School District, COP, Refunding, Ser. C | 5.00 | 8/1/2031 | 10,000,000 | 11,362,323 | |||||
Palm Beach County School District, COP, Refunding, Ser. D | 5.00 | 8/1/2031 | 2,855,000 | 3,351,817 | |||||
Palm Beach County School District, COP, Refunding, Ser. D | 5.00 | 8/1/2030 | 7,840,000 | 9,207,813 | |||||
State Board of Administration Finance Corp., Revenue Bonds, Ser. A | 2.15 | 7/1/2030 | 8,968,000 | 9,045,687 | |||||
Tampa Sports Authority, Revenue Bonds, Refunding | 5.00 | 1/1/2024 | 90,000 | 98,815 | |||||
The Miami-Dade County School Board, COP, Refunding, Ser. A | 5.00 | 5/1/2032 | 5,475,000 | 6,347,927 | |||||
The Miami-Dade County School Board, COP, Refunding, Ser. A | 5.00 | 5/1/2026 | 10,095,000 | 11,827,997 | |||||
157,028,170 | |||||||||
Georgia - .7% | |||||||||
DeKalb County Water & Sewerage, Revenue Bonds, Ser. A | 5.25 | 10/1/2036 | 3,500,000 | 3,556,670 | |||||
Main Street Natural Gas, Revenue Bonds, Ser. A | 5.00 | 5/15/2028 | 2,510,000 | 3,158,645 | |||||
Main Street Natural Gas, Revenue Bonds, Ser. A | 5.00 | 5/15/2029 | 4,940,000 | 6,327,730 | |||||
Main Street Natural Gas, Revenue Bonds, Ser. A | 5.00 | 5/15/2026 | 3,000,000 | 3,599,273 | |||||
Main Street Natural Gas, Revenue Bonds, Ser. A | 5.00 | 5/15/2027 | 2,500,000 | 3,077,218 | |||||
Main Street Natural Gas, Revenue Bonds, Ser. A | 6.38 | 7/15/2038 | 1,335,000 | e | 6,675 | ||||
19,726,211 | |||||||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Hawaii - .4% | |||||||||
Hawaii, GO, Ser. EO | 4.00 | 8/1/2031 | 10,000,000 | 11,084,644 | |||||
Idaho - .2% | |||||||||
Idaho Health Facilities Authority, Revenue Bonds, Refunding (Trinity Health Obligated Group) Ser. D | 5.00 | 6/1/2022 | 5,000,000 | a | 5,242,588 | ||||
Illinois - 7.7% | |||||||||
Chicago II, GO, Refunding, Ser. 2005D | 5.50 | 1/1/2037 | 3,500,000 | 3,935,588 | |||||
Chicago II, GO, Refunding, Ser. 2007F | 5.50 | 1/1/2035 | 3,750,000 | 4,228,003 | |||||
Chicago II, GO, Refunding, Ser. A | 5.00 | 1/1/2026 | 3,000,000 | 3,516,229 | |||||
Chicago II, GO, Refunding, Ser. A | 5.00 | 1/1/2029 | 8,000,000 | 9,974,930 | |||||
Chicago II, GO, Ser. 2002B | 5.25 | 1/1/2022 | 1,000,000 | 1,025,342 | |||||
Chicago II, GO, Ser. A | 5.00 | 1/1/2026 | 3,000,000 | 3,414,863 | |||||
Chicago II, GO, Ser. A | 5.00 | 1/1/2024 | 4,500,000 | 4,975,322 | |||||
Chicago Il, GO, Refunding, Ser. A | 5.75 | 1/1/2034 | 3,585,000 | 4,338,598 | |||||
Chicago Il Wastewater Transmission, Revenue Bonds, Refunding, Ser. C | 5.00 | 1/1/2024 | 3,000,000 | 3,347,568 | |||||
Chicago Il Wastewater Transmission, Revenue Bonds, Refunding, Ser. C | 5.00 | 1/1/2025 | 2,110,000 | 2,438,656 | |||||
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2025 | 4,450,000 | 5,165,490 | |||||
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2033 | 1,000,000 | 1,155,376 | |||||
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2022 | 4,615,000 | 4,745,934 | |||||
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2037 | 3,000,000 | 3,775,144 | |||||
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2025 | 7,055,000 | 7,576,539 | |||||
Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2024 | 5,000,000 | 5,594,377 | |||||
Chicago Park District, GO, Refunding, Ser. F2 | 5.00 | 1/1/2026 | 975,000 | 1,148,168 | |||||
Chicago Park District, GO, Refunding, Ser. F2 | 5.00 | 1/1/2028 | 1,550,000 | 1,907,213 | |||||
Chicago Park District, GO, Refunding, Ser. F2 | 5.00 | 1/1/2030 | 1,700,000 | 2,167,249 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Illinois - 7.7% (continued) | |||||||||
Cook County ll, Revenue Bonds, Refunding | 5.00 | 11/15/2033 | 6,050,000 | 7,566,463 | |||||
Cook County School District No. 100, GO, Refunding (Insured; Build America Mutual) Ser. C | 5.00 | 12/1/2024 | 1,720,000 | 1,961,873 | |||||
Cook Kane Lake & McHenry Counties Community College District No. 512, GO | 4.00 | 12/15/2031 | 10,000,000 | 11,914,718 | |||||
DuPage & Cook Counties Township High School District No. 86, GO | 4.00 | 1/15/2035 | 5,205,000 | 6,040,823 | |||||
DuPage & Cook Counties Township High School District No. 86, GO | 4.00 | 1/15/2033 | 2,000,000 | 2,330,799 | |||||
Illinois, GO, Refunding | 5.00 | 2/1/2026 | 5,000,000 | 5,944,194 | |||||
Illinois, GO, Refunding | 5.00 | 8/1/2023 | 10,030,000 | 11,013,049 | |||||
Illinois, GO, Refunding | 5.00 | 8/1/2025 | 3,485,000 | 3,672,205 | |||||
Illinois, GO, Refunding, Ser. A | 5.00 | 10/1/2025 | 4,000,000 | 4,724,305 | |||||
Illinois, GO, Refunding, Ser. A | 5.00 | 10/1/2022 | 2,000,000 | 2,122,506 | |||||
Illinois, GO, Refunding, Ser. A | 5.00 | 10/1/2023 | 1,200,000 | 1,326,123 | |||||
Illinois, GO, Refunding, Ser. A | 5.00 | 10/1/2024 | 2,000,000 | 2,290,709 | |||||
Illinois, GO, Ser. A | 5.00 | 3/1/2030 | 5,750,000 | 7,333,443 | |||||
Illinois, GO, Ser. A | 5.00 | 3/1/2031 | 2,525,000 | 3,273,676 | |||||
Illinois, GO, Ser. A | 5.00 | 3/1/2029 | 5,000,000 | 6,284,223 | |||||
Illinois, Revenue Bonds (Insured; National Public Finance Guarantee Corp.) | 6.00 | 6/15/2025 | 3,225,000 | 3,893,400 | |||||
Illinois, Revenue Bonds (Insured; National Public Finance Guarantee Corp.) | 6.00 | 6/15/2026 | 4,290,000 | 5,351,454 | |||||
Illinois, Revenue Bonds (Insured; National Public Finance Guarantee Corp.) | 6.00 | 6/15/2024 | 5,030,000 | 5,814,636 | |||||
Illinois Finance Authority, Revenue Bonds, Refunding (OSF Healthcare System Obligated Group) Ser. B2 | 5.00 | 11/15/2026 | 3,000,000 | 3,607,349 | |||||
Illinois Toll Highway Authority, Revenue Bonds, Refunding | 5.00 | 1/1/2031 | 10,160,000 | 13,370,557 | |||||
Illinois Toll Highway Authority, Revenue Bonds, Refunding | 5.00 | 1/1/2028 | 5,000,000 | 6,321,365 | |||||
Kane Cook & DuPage Counties Community College District No. 509, GO, Refunding (Elgin Community College) | 3.00 | 12/15/2032 | 5,000,000 | 5,440,503 | |||||
Kane McHenry Cook & De Kalb Counties Unit School District No. 300, GO, Refunding | 5.25 | 1/1/2032 | 5,000,000 | 5,389,318 | |||||
Kendall County Forest Preserve District, GO, Refunding (Insured; Build America Mutual) | 4.00 | 1/1/2027 | 2,270,000 | 2,496,089 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Illinois - 7.7% (continued) | |||||||||
Schaumburg ll, GO, Ser. A | 4.00 | 12/1/2028 | 1,220,000 | 1,479,806 | |||||
Will Grundy Counties Community College District No. 525, GO, Refunding | 3.00 | 1/1/2029 | 9,305,000 | 10,057,956 | |||||
215,452,131 | |||||||||
Indiana - .7% | |||||||||
Indiana Finance Authority, Revenue Bonds (Goshen Health Obligated Group) Ser. A | 5.00 | 11/1/2028 | 775,000 | 959,731 | |||||
Indiana Finance Authority, Revenue Bonds (Goshen Health Obligated Group) Ser. A | 5.00 | 11/1/2027 | 740,000 | 916,667 | |||||
Indiana Finance Authority, Revenue Bonds (Goshen Health Obligated Group) Ser. B | 2.10 | 11/1/2026 | 2,700,000 | 2,843,912 | |||||
Whiting, Revenue Bonds, Refunding (BP Products North America) | 5.00 | 6/5/2026 | 12,500,000 | 15,168,270 | |||||
19,888,580 | |||||||||
Iowa - .4% | |||||||||
PEFA, Revenue Bonds (PEFA Gas Project) | 5.00 | 9/1/2026 | 10,000,000 | 12,029,504 | |||||
Kansas - .2% | |||||||||
Kansas Department of Transportation, Revenue Bonds, Ser. A | 5.00 | 9/1/2028 | 6,000,000 | 6,870,593 | |||||
Kentucky - 3.2% | |||||||||
Kentucky Bond Development Corp., Revenue Bonds (Kentucky Communications Network) (Insured; Build America Mutual) | 5.00 | 9/1/2029 | 2,395,000 | 3,114,707 | |||||
Kentucky Bond Development Corp., Revenue Bonds (Kentucky Communications Network) (Insured; Build America Mutual) | 5.00 | 9/1/2028 | 2,275,000 | 2,900,433 | |||||
Kentucky Property & Building Commission, Revenue Bonds (Project No. 112) (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 2/1/2028 | 5,150,000 | 6,114,680 | |||||
Kentucky Property & Building Commission, Revenue Bonds (Project No. 112) Ser. A | 5.00 | 2/1/2031 | 3,000,000 | 3,549,789 | |||||
Kentucky Property & Building Commission, Revenue Bonds (Project No. 115) | 5.00 | 4/1/2028 | 4,905,000 | 6,038,339 | |||||
Kentucky Property & Building Commission, Revenue Bonds (Project No. 122) Ser. A | 5.00 | 11/1/2033 | 1,000,000 | 1,259,086 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Kentucky - 3.2% (continued) | |||||||||
Kentucky Property & Building Commission, Revenue Bonds, Refunding (Project No. 112) Ser. B | 5.00 | 11/1/2025 | 7,475,000 | 8,904,213 | |||||
Kentucky Property & Building Commission, Revenue Bonds, Refunding (Project No. 112) Ser. B | 5.00 | 11/1/2026 | 5,000,000 | 6,124,394 | |||||
Kentucky Public Energy Authority, Revenue Bonds (Gas Supply) Ser. C1 | 4.00 | 6/1/2025 | 16,500,000 | 18,601,184 | |||||
Kentucky Public Energy Authority, Revenue Bonds, Ser. A | 4.00 | 6/1/2026 | 10,000,000 | 11,553,667 | |||||
Kentucky Public Energy Authority, Revenue Bonds, Ser. A1 | 4.00 | 6/1/2025 | 8,000,000 | 8,998,003 | |||||
Kentucky Turnpike Authority, Revenue Bonds (Revitalization Projects) Ser. A | 5.00 | 7/1/2031 | 675,000 | 738,164 | |||||
Kentucky Turnpike Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2027 | 5,000,000 | 6,046,072 | |||||
Louisville & Jefferson County Metropolitan Sewer District, Revenue Bonds, Refunding, Ser. A | 4.00 | 5/15/2032 | 5,430,000 | 6,410,208 | |||||
90,352,939 | |||||||||
Louisiana - .8% | |||||||||
East Baton Rouge Sewerage Commission, Revenue Bonds, Refunding, Ser. A | 1.30 | 2/1/2028 | 5,000,000 | 5,124,414 | |||||
Louisiana, GO, Refunding, Ser. C | 5.00 | 8/1/2026 | 5,000,000 | 5,714,849 | |||||
Louisiana, GO, Ser. B | 4.00 | 5/1/2034 | 5,035,000 | 5,654,580 | |||||
Louisiana, GO, Ser. B | 4.00 | 5/1/2033 | 1,770,000 | 1,991,483 | |||||
Louisiana Gasoline & Fuels, Revenue Bonds, Refunding, Ser. A1 | 4.00 | 5/1/2033 | 5,000,000 | 5,171,530 | |||||
23,656,856 | |||||||||
Maine - .3% | |||||||||
Maine Governmental Facilities Authority, Revenue Bonds, Ser. A | 4.00 | 10/1/2035 | 5,255,000 | 6,303,828 | |||||
Maine Governmental Facilities Authority, Revenue Bonds, Ser. A | 4.00 | 10/1/2034 | 1,880,000 | 2,222,169 | |||||
8,525,997 | |||||||||
Maryland - 2.3% | |||||||||
Anne Arundel County, GO | 5.00 | 10/1/2025 | 7,205,000 | 8,624,791 | |||||
Anne Arundel County, GO, Refunding | 5.00 | 4/1/2030 | 4,640,000 | 5,029,571 | |||||
Maryland, GO | 4.00 | 6/1/2027 | 18,700,000 | 20,744,821 | |||||
Maryland Community Development Administration, Revenue Bonds, Refunding, Ser. B | 4.00 | 9/1/2049 | 4,285,000 | 4,752,715 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Maryland - 2.3% (continued) | |||||||||
Montgomery County, GO, Refunding, Ser. A | 5.00 | 11/1/2024 | 10,000,000 | a | 11,613,671 | ||||
Montgomery County, GO, Refunding, Ser. B | 4.00 | 12/1/2030 | 12,000,000 | 13,021,970 | |||||
63,787,539 | |||||||||
Massachusetts - 1.4% | |||||||||
Massachusetts, GO, Refunding, Ser. A, 3 Month LIBOR x.67 +.55% | 0.67 | 11/1/2025 | 5,000,000 | c | 5,031,210 | ||||
Massachusetts Bay Transportation Authority, Revenue Bonds, Refunding | 5.00 | 7/1/2029 | 5,000,000 | 6,585,690 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Emerson College) | 5.00 | 1/1/2035 | 2,000,000 | 2,238,199 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Emmanuel College) Ser. A | 5.00 | 10/1/2033 | 5,000,000 | 5,888,549 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University) | 5.00 | 7/1/2031 | 620,000 | 789,715 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University) | 5.00 | 7/1/2032 | 770,000 | 978,151 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University) | 5.00 | 7/1/2033 | 800,000 | 1,013,259 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University) | 5.00 | 7/1/2030 | 700,000 | 898,336 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University) | 5.00 | 7/1/2035 | 1,000,000 | 1,205,332 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University) | 5.00 | 7/1/2036 | 1,010,000 | 1,214,956 | |||||
Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Suffolk University) | 5.00 | 7/1/2034 | 1,000,000 | 1,206,210 | |||||
The Massachusetts Clean Water Trust, Revenue Bonds, Refunding, Ser. A | 5.75 | 8/1/2029 | 380,000 | 381,507 | |||||
University of Massachusetts Building Authority, Revenue Bonds, Ser. 1 | 4.00 | 11/1/2022 | 10,000,000 | a | 10,552,348 | ||||
37,983,462 | |||||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Michigan - 1.9% | |||||||||
Byron Center Public Schools, GO, Refunding | 5.00 | 5/1/2030 | 1,480,000 | 1,938,352 | |||||
Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding (Catalyst Development Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 7/1/2032 | 1,000,000 | 1,126,816 | |||||
Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding (Catalyst Development Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 7/1/2031 | 1,000,000 | 1,127,142 | |||||
Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding (Catalyst Development Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 7/1/2029 | 1,350,000 | 1,522,524 | |||||
Michigan Building Authority, Revenue Bonds, Refunding, Ser. IA | 5.00 | 10/15/2033 | 5,000,000 | 5,528,668 | |||||
Michigan Building Authority, Revenue Bonds, Refunding, Ser. IA | 5.00 | 10/15/2029 | 10,000,000 | 11,067,361 | |||||
Michigan Finance Authority, Revenue Bonds, Refunding (Great Lakes Water Authority) (Insured; Assured Guaranty Municipal Corp.) Ser. C3 | 5.00 | 7/1/2028 | 2,500,000 | 2,859,002 | |||||
Michigan Finance Authority, Revenue Bonds, Refunding (Great Lakes Water Authority) (Insured; Assured Guaranty Municipal Corp.) Ser. C3 | 5.00 | 7/1/2027 | 3,000,000 | 3,442,782 | |||||
Michigan Finance Authority, Revenue Bonds, Refunding (Great Lakes Water Authority) (Insured; Assured Guaranty Municipal Corp.) Ser. C3 | 5.00 | 7/1/2026 | 1,875,000 | 2,156,121 | |||||
Michigan Finance Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. D2 | 5.00 | 7/1/2026 | 2,500,000 | 2,874,828 | |||||
Michigan Finance Authority, Revenue Bonds, Refunding (McLaren Health Care Obligated Group) Ser. D2 | 1.20 | 4/13/2028 | 5,000,000 | 5,031,357 | |||||
Michigan Finance Authority, Revenue Bonds, Refunding (Trinity Health Credit Obligated Group) | 4.00 | 12/1/2035 | 2,500,000 | 3,022,567 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Michigan - 1.9% (continued) | |||||||||
Michigan Finance Authority, Revenue Bonds, Refunding (Trinity Health Credit Obligated Group) | 4.00 | 12/1/2036 | 3,000,000 | 3,611,473 | |||||
Michigan Finance Authority, Revenue Bonds, Refunding (Trinity Health Obligated Group) | 5.00 | 6/1/2022 | 5,000,000 | a | 5,245,170 | ||||
Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C | 5.00 | 11/15/2031 | 850,000 | 1,113,448 | |||||
Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C | 5.00 | 11/15/2033 | 925,000 | 1,190,201 | |||||
Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C | 5.00 | 11/15/2027 | 700,000 | 872,172 | |||||
Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C | 5.00 | 11/15/2029 | 600,000 | 780,070 | |||||
54,510,054 | |||||||||
Minnesota - .0% | |||||||||
Minnesota Housing Finance Agency, Revenue Bonds, Refunding (Insured; GNMA, FNMA, FHLMC) Ser. B | 4.00 | 7/1/2047 | 1,005,000 | 1,081,108 | |||||
Mississippi - .2% | |||||||||
The University of Southern Mississippi, Revenue Bonds, Refunding (Facilities Refinancing Project) | 5.00 | 9/1/2025 | 250,000 | 295,872 | |||||
West Rankin Utility Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 1/1/2033 | 1,650,000 | 1,900,746 | |||||
West Rankin Utility Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 1/1/2032 | 1,000,000 | 1,151,636 | |||||
West Rankin Utility Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 1/1/2030 | 1,105,000 | 1,274,657 | |||||
4,622,911 | |||||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Missouri - 1.9% | |||||||||
Cape Girardeau County Industrial Development Authority, Revenue Bonds, Refunding (St. Francis Healthcare System Obligated Group) | 5.00 | 6/1/2030 | 2,000,000 | 2,519,641 | |||||
Cape Girardeau County Industrial Development Authority, Revenue Bonds, Refunding (St. Francis Healthcare System Obligated Group) | 5.00 | 6/1/2031 | 2,100,000 | 2,690,190 | |||||
Cape Girardeau County Industrial Development Authority, Revenue Bonds, Refunding (St. Francis Healthcare System Obligated Group) | 5.00 | 6/1/2032 | 2,200,000 | 2,867,873 | |||||
Cape Girardeau County Industrial Development Authority, Revenue Bonds, Refunding (St. Francis Healthcare System Obligated Group) | 5.00 | 6/1/2029 | 1,700,000 | 2,107,042 | |||||
Cape Girardeau County Industrial Development Authority, Revenue Bonds, Refunding (St. Francis Healthcare System Obligated Group) | 5.00 | 6/1/2026 | 1,000,000 | 1,164,676 | |||||
Cape Girardeau County Industrial Development Authority, Revenue Bonds, Refunding (St. Francis Healthcare System Obligated Group) | 5.00 | 6/1/2027 | 1,400,000 | 1,670,341 | |||||
Cape Girardeau County Industrial Development Authority, Revenue Bonds, Refunding (St. Francis Healthcare System Obligated Group) | 5.00 | 6/1/2028 | 1,655,000 | 2,016,605 | |||||
Kansas City Industrial Development Authority, Revenue Bonds (Kansas City International Airport) | 4.00 | 3/1/2035 | 2,000,000 | 2,393,941 | |||||
Kansas City Industrial Development Authority, Revenue Bonds (Kansas City International Airport) | 4.00 | 3/1/2034 | 3,500,000 | 4,197,797 | |||||
Ladue School District, GO | 2.00 | 3/1/2032 | 6,000,000 | 6,211,371 | |||||
Missouri Health & Educational Facilities Authority, Revenue Bonds, Refunding (Mercy Health) Ser. A | 5.00 | 6/1/2028 | 6,000,000 | 7,673,744 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Missouri - 1.9% (continued) | |||||||||
Missouri Highways & Transportation Commission, Revenue Bonds, Refunding, Ser. A | 5.00 | 5/1/2023 | 14,625,000 | 15,991,500 | |||||
The St. Louis Missouri Industrial Development Authority, Revenue Bonds (Mid-America Transplant Services Project) (LOC; BMO Harris Bank NA) | 0.05 | 1/1/2039 | 1,600,000 | d | 1,600,000 | ||||
53,104,721 | |||||||||
Montana - .1% | |||||||||
Montana Board of Housing, Revenue Bonds, Ser. A2 | 3.50 | 6/1/2044 | 2,540,000 | 2,709,718 | |||||
Nebraska - .2% | |||||||||
Central Plains Energy Project, Revenue Bonds, Refunding | 4.00 | 8/1/2025 | 5,000,000 | 5,689,988 | |||||
Nevada - 2.6% | |||||||||
Clark County, GO, Ser. B | 4.00 | 11/1/2033 | 2,750,000 | 3,381,277 | |||||
Clark County Department of Aviation, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2040 | 1,145,000 | 1,339,255 | |||||
Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 6/15/2029 | 5,280,000 | 6,540,611 | |||||
Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. B | 5.00 | 6/15/2028 | 5,000,000 | 6,404,264 | |||||
Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. B | 5.00 | 6/15/2033 | 5,000,000 | 6,354,096 | |||||
Clark County School District, GO (Insured; Build America Mutual) Ser. B | 5.00 | 6/15/2028 | 10,005,000 | 12,814,932 | |||||
Clark County School District, GO, Refunding (Insured; Build America Mutual) Ser. C | 5.00 | 6/15/2027 | 5,000,000 | 5,973,952 | |||||
Clark County School District, GO, Refunding, Ser. A | 5.00 | 6/15/2024 | 5,000,000 | 5,695,514 | |||||
Las Vegas Valley Water District, GO, Refunding, Ser. C | 5.00 | 6/1/2029 | 10,000,000 | 13,139,278 | |||||
Nevada, GO, Refunding, Ser. A | 5.00 | 5/1/2031 | 5,200,000 | 6,872,662 | |||||
Nevada Housing Division, Revenue Bonds (Insured; GNMA, FNMA, FHLMC) Ser. A | 4.00 | 4/1/2049 | 2,770,000 | 3,075,426 | |||||
71,591,267 | |||||||||
New Jersey - 7.4% | |||||||||
Hudson County, GO, Refunding | 3.00 | 11/15/2032 | 11,700,000 | 13,020,619 | |||||
New Jersey, GO | 5.00 | 6/1/2027 | 2,000,000 | 2,486,866 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
New Jersey - 7.4% (continued) | |||||||||
New Jersey, GO (COVID-19 Emergency Bonds) Ser. A | 4.00 | 6/1/2032 | 5,000,000 | 6,367,529 | |||||
New Jersey, GO (COVID-19 Emergency Bonds) Ser. A | 5.00 | 6/1/2028 | 13,840,000 | 17,625,365 | |||||
New Jersey, GO (COVID-19 Emergency Bonds) Ser. A | 5.00 | 6/1/2027 | 2,000,000 | 2,486,866 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Refunding | 5.00 | 6/15/2021 | 10,000,000 | 10,017,202 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Refunding | 5.00 | 6/15/2024 | 5,000,000 | 5,205,253 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Refunding | 5.00 | 6/15/2023 | 5,000,000 | 5,212,530 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. NN | 5.00 | 3/1/2025 | 13,000,000 | 14,082,112 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. N1 | 5.50 | 9/1/2023 | 10,000,000 | 11,191,051 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Refunding, Ser. GGG | 5.25 | 9/1/2024 | 5,000,000 | f | 5,757,162 | ||||
New Jersey Economic Development Authority, Revenue Bonds, Ser. QQQ | 4.00 | 6/15/2034 | 1,000,000 | 1,186,318 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Ser. QQQ | 5.00 | 6/15/2029 | 1,000,000 | 1,276,004 | |||||
New Jersey Economic Development Authority, Revenue Bonds, Ser. QQQ | 5.00 | 6/15/2033 | 2,185,000 | 2,817,826 | |||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Refunding (RWJ Barnabas Health Obligated Group) Ser. A | 5.00 | 7/1/2022 | 1,830,000 | 1,925,846 | |||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Refunding (Trinitas Regional Medical Center Obligated Group) | 5.00 | 7/1/2024 | 1,000,000 | 1,130,084 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
New Jersey - 7.4% (continued) | |||||||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Refunding (Trinitas Regional Medical Center Obligated Group) | 5.00 | 7/1/2025 | 1,060,000 | 1,236,113 | |||||
New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Refunding (Trinitas Regional Medical Center Obligated Group) | 5.00 | 7/1/2026 | 1,000,000 | 1,200,154 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds | 5.00 | 6/15/2031 | 1,725,000 | 2,167,138 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds (Insured; National Public Finance Guarantee Corp.) Ser. A | 5.75 | 6/15/2025 | 4,245,000 | 5,140,474 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding | 5.00 | 12/15/2027 | 2,250,000 | 2,811,944 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding | 5.00 | 12/15/2028 | 5,000,000 | 6,352,195 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. B | 5.50 | 12/15/2021 | 10,000,000 | 10,282,005 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 12/15/2027 | 10,000,000 | 12,497,528 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. AA | 5.00 | 6/15/2034 | 2,500,000 | 3,115,916 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. AA | 5.00 | 6/15/2035 | 2,000,000 | 2,483,588 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. AA | 5.00 | 6/15/2036 | 2,500,000 | 3,094,397 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA | 5.00 | 6/15/2036 | 2,000,000 | 2,557,902 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA | 5.00 | 6/15/2037 | 1,500,000 | 1,912,495 | |||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA | 5.00 | 6/15/2035 | 2,000,000 | 2,566,457 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
New Jersey - 7.4% (continued) | |||||||||
New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. B | 5.50 | 6/15/2031 | 5,000,000 | 5,009,634 | |||||
Ocean City, GO, Refunding | 3.00 | 9/15/2031 | 5,000,000 | 5,512,889 | |||||
Perth Amboy, GO, Refunding (Insured; Build America Mutual) Ser. B | 5.00 | 3/15/2028 | 1,500,000 | 1,829,701 | |||||
Perth Amboy, GO, Refunding (Insured; Build America Mutual) Ser. B | 5.00 | 3/15/2030 | 1,725,000 | 2,179,138 | |||||
Perth Amboy, GO, Refunding (Insured; Build America Mutual) Ser. B | 5.00 | 3/15/2023 | 500,000 | 526,821 | |||||
Perth Amboy, GO, Refunding (Insured; Build America Mutual) Ser. B | 5.00 | 3/15/2025 | 1,225,000 | 1,384,550 | |||||
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2034 | 8,000,000 | 9,910,870 | |||||
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2033 | 12,000,000 | 14,911,403 | |||||
Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2032 | 6,000,000 | 7,485,748 | |||||
207,957,693 | |||||||||
New York - 17.7% | |||||||||
Hudson Yards Infrastructure Corp., Revenue Bonds, Refunding, Ser. A | 5.00 | 2/15/2033 | 5,000,000 | 6,099,455 | |||||
Hudson Yards Infrastructure Corp., Revenue Bonds, Refunding, Ser. A | 5.00 | 2/15/2029 | 6,400,000 | 7,893,402 | |||||
Metropolitan Transportation Authority, Revenue Bonds (Green Bond) Ser. A | 5.00 | 11/15/2035 | 10,000,000 | 12,136,659 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) (Insured; Assured Guaranty Municipal Corp.) Ser. C | 5.00 | 11/15/2038 | 8,445,000 | 10,721,555 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. A2 | 5.00 | 5/15/2024 | 10,000,000 | 11,280,071 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. B | 5.00 | 11/15/2027 | 2,365,000 | 2,970,626 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. B2 | 5.25 | 11/15/2033 | 10,285,000 | 12,848,740 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. C1 | 5.00 | 11/15/2026 | 10,185,000 | 12,509,286 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
New York - 17.7% (continued) | |||||||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. C1 | 5.00 | 11/15/2034 | 2,500,000 | 3,067,289 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. C1 | 5.25 | 11/15/2031 | 7,400,000 | 8,715,146 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. D | 5.00 | 11/15/2037 | 1,580,000 | 1,928,387 | |||||
Metropolitan Transportation Authority, Revenue Bonds, Refunding, Ser. D | 5.00 | 11/15/2031 | 10,000,000 | 12,009,752 | |||||
Metropolitan Transportation Authority Hudson Rail Yards Trust, Revenue Bonds, Refunding, Ser. A | 5.00 | 11/15/2051 | 5,000,000 | 5,092,782 | |||||
Nassau County, GO, Refunding (Insured; Build America Mutual) Ser. C | 5.00 | 10/1/2028 | 10,000,000 | 12,587,370 | |||||
New York City, GO (LOC; Mizuho Bank) Ser. A3 | 0.02 | 10/1/2040 | 200,000 | d | 200,000 | ||||
New York City, GO, Refunding, Ser. A | 5.00 | 8/1/2024 | 5,000,000 | 5,735,494 | |||||
New York City, GO, Refunding, Ser. D | 1.22 | 8/1/2026 | 10,000,000 | 9,989,926 | |||||
New York City, GO, Refunding, Ser. D | 1.40 | 8/1/2027 | 5,000,000 | 4,975,275 | |||||
New York City, GO, Refunding, Ser. G | 5.00 | 8/1/2023 | 5,000,000 | 5,518,740 | |||||
New York City, GO, Ser. D1 | 4.00 | 3/1/2042 | 1,500,000 | 1,769,545 | |||||
New York City, GO, Ser. F1 | 3.00 | 3/1/2035 | 3,000,000 | 3,340,376 | |||||
New York City Housing Development Corp., Revenue Bonds | 2.15 | 11/1/2028 | 1,290,000 | 1,350,516 | |||||
New York City Housing Development Corp., Revenue Bonds, Ser. A1 | 3.38 | 11/15/2029 | 3,000,000 | 3,158,694 | |||||
New York City Housing Development Corp., Revenue Bonds, Ser. B2 | 5.25 | 7/1/2032 | 10,000,000 | 10,882,786 | |||||
New York City Industrial Development Agency, Revenue Bonds, Refunding (Yankee Stadium Project) (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 3/1/2028 | 1,350,000 | 1,691,402 | |||||
New York City Industrial Development Agency, Revenue Bonds, Refunding (Yankee Stadium Project) (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 3/1/2029 | 2,000,000 | 2,555,551 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
New York - 17.7% (continued) | |||||||||
New York City Transitional Finance Authority, Revenue Bonds | 4.00 | 5/1/2036 | 5,000,000 | 6,098,720 | |||||
New York City Transitional Finance Authority, Revenue Bonds | 5.25 | 8/1/2037 | 10,000,000 | 12,852,869 | |||||
New York City Transitional Finance Authority, Revenue Bonds (Insured; State Aid Withholding) Ser. S3 | 5.25 | 7/15/2036 | 10,000,000 | 12,812,506 | |||||
New York City Transitional Finance Authority, Revenue Bonds, Refunding | 5.00 | 11/1/2031 | 6,000,000 | 8,120,099 | |||||
New York City Transitional Finance Authority, Revenue Bonds, Refunding | 5.00 | 11/1/2029 | 14,000,000 | 18,460,723 | |||||
New York City Transitional Finance Authority, Revenue Bonds, Ser. A2 | 5.00 | 8/1/2035 | 5,295,000 | 6,589,582 | |||||
New York City Water & Sewer System, Revenue Bonds (LOC; Citibank NA) Ser. F2 | 0.02 | 6/15/2035 | 2,300,000 | d | 2,300,000 | ||||
New York City Water & Sewer System, Revenue Bonds, Refunding, Ser. DD | 4.50 | 6/15/2039 | 1,000,000 | 1,111,436 | |||||
New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World Trade Center Project) | 5.00 | 11/15/2044 | 15,400,000 | f | 17,042,432 | ||||
New York Liberty Development Corp., Revenue Bonds, Refunding (Class 2-3 World Trade Center Project) | 5.15 | 11/15/2034 | 3,500,000 | f | 3,953,510 | ||||
New York State, GO, Refunding, Ser. B | 2.05 | 3/15/2032 | 5,500,000 | 5,525,998 | |||||
New York State Dormitory Authority, Revenue Bonds (Insured; State Aid Withholding) Ser. A | 5.00 | 10/1/2028 | 5,000,000 | 6,318,366 | |||||
New York State Dormitory Authority, Revenue Bonds (Insured; State Aid Withholding) Ser. A | 5.00 | 10/1/2030 | 5,000,000 | 6,268,919 | |||||
New York State Dormitory Authority, Revenue Bonds, Refunding (State University of New York) Ser. A | 5.00 | 7/1/2032 | 10,000,000 | 11,738,465 | |||||
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | 4.00 | 3/15/2034 | 7,500,000 | 9,181,417 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
New York - 17.7% (continued) | |||||||||
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 3/15/2031 | 10,000,000 | 13,524,711 | |||||
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 3/15/2033 | 7,000,000 | 8,519,218 | |||||
New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. C | 5.00 | 3/15/2031 | 5,165,000 | 5,822,721 | |||||
New York State Dormitory Authority, Revenue Bonds, Ser. A | 5.00 | 3/15/2033 | 5,685,000 | 6,938,601 | |||||
New York State Dormitory Authority, Revenue Bonds, Ser. A | 5.00 | 3/15/2029 | 6,225,000 | 7,722,411 | |||||
New York State Dormitory Authority, Revenue Bonds, Ser. B | 5.00 | 2/15/2033 | 15,000,000 | 17,441,352 | |||||
New York State Mortgage Agency, Revenue Bonds, Refunding, Ser. 189 | 3.25 | 4/1/2025 | 1,000,000 | 1,049,594 | |||||
New York State Mortgage Agency, Revenue Bonds, Refunding, Ser. 220 | 2.40 | 10/1/2034 | 10,545,000 | 10,910,731 | |||||
New York State Mortgage Agency, Revenue Bonds, Ser. 223 | 2.65 | 10/1/2034 | 7,020,000 | 7,393,055 | |||||
New York State Thruway Authority, Revenue Bonds, Refunding, Ser. K | 5.00 | 1/1/2032 | 3,000,000 | 3,462,662 | |||||
New York State Urban Development Corp., Revenue Bonds (State of New York Personal Income Tax) Ser. A | 4.00 | 3/15/2038 | 4,795,000 | 5,785,307 | |||||
New York State Urban Development Corp., Revenue Bonds, Refunding (State of New York Personal Income Tax) | 4.00 | 3/15/2037 | 5,500,000 | 6,653,598 | |||||
New York Transportation Development Corp., Revenue Bonds (Delta Air Lines) | 5.00 | 1/1/2024 | 20,000,000 | 22,228,122 | |||||
New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport Terminal B Redevelopment Project) Ser. A | 5.00 | 7/1/2046 | 2,500,000 | 2,828,975 | |||||
New York Transportation Development Corp., Revenue Bonds (LaGuardia Airport Terminal B Redevelopment Project) Ser. A | 5.00 | 7/1/2041 | 2,000,000 | 2,266,298 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
New York - 17.7% (continued) | |||||||||
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) | 5.00 | 12/1/2030 | 2,000,000 | 2,650,545 | |||||
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) | 5.00 | 12/1/2028 | 1,000,000 | 1,284,900 | |||||
New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) | 5.00 | 12/1/2027 | 1,100,000 | 1,382,381 | |||||
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 194th | 5.00 | 10/15/2034 | 10,000,000 | 11,876,075 | |||||
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 207 | 5.00 | 9/15/2024 | 10,000,000 | 11,475,709 | |||||
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 226 | 5.00 | 10/15/2026 | 5,000,000 | 6,078,117 | |||||
Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 226 | 5.00 | 10/15/2025 | 6,000,000 | 7,061,446 | |||||
Suffolk County, GO (Insured; Build America Mutual) Ser. A | 4.00 | 4/1/2032 | 4,780,000 | 5,443,703 | |||||
Suffolk County, GO, Refunding (Insured; Build America Mutual) Ser. D | 4.00 | 10/15/2028 | 4,810,000 | 5,772,218 | |||||
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding (LOC; State Street Bank & Trust Co.) Ser. B3 | 0.02 | 1/1/2032 | 2,000,000 | d | 2,000,000 | ||||
Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. A | 0.00 | 11/15/2029 | 10,000,000 | b | 8,586,927 | ||||
Troy Capital Resource Corp., Revenue Bonds, Refunding (Rensselaer Polytechnic Institute) | 5.00 | 9/1/2031 | 1,625,000 | 2,133,851 | |||||
Troy Capital Resource Corp., Revenue Bonds, Refunding (Rensselaer Polytechnic Institute) | 5.00 | 9/1/2030 | 1,400,000 | 1,843,422 | |||||
TSASC, Revenue Bonds, Refunding, Ser. A | 5.00 | 6/1/2023 | 5,000,000 | 5,475,485 | |||||
Utility Debt Securitization Authority, Revenue Bonds, Refunding, Ser. TE | 5.00 | 12/15/2026 | 2,500,000 | 2,801,874 | |||||
497,817,876 | |||||||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
North Carolina - .6% | |||||||||
North Carolina Turnpike Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 1/1/2032 | 3,780,000 | 4,813,467 | |||||
North Carolina Turnpike Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 1/1/2033 | 3,400,000 | 4,317,912 | |||||
North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System) | 5.00 | 7/1/2028 | 1,075,000 | 1,382,597 | |||||
North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System) | 5.00 | 7/1/2029 | 1,000,000 | 1,314,408 | |||||
The Charlotte-Mecklenburg Hospital Authority, Revenue Bonds (Atrium Health Obligated Group) | 5.00 | 12/1/2031 | 4,000,000 | 5,475,783 | |||||
17,304,167 | |||||||||
Ohio - .7% | |||||||||
Allen County Hospital Facilities, Revenue Bonds (Catholic Healthcare) (LOC; Bank of Montreal) Ser. C | 0.02 | 6/1/2034 | 1,300,000 | d | 1,300,000 | ||||
Montgomery County, Revenue Bonds, Refunding (Kettering Health Network Obligated Group) | 4.00 | 8/1/2037 | 695,000 | 837,032 | |||||
Montgomery County, Revenue Bonds, Refunding (Kettering Health Network Obligated Group) | 5.00 | 8/1/2035 | 550,000 | 723,620 | |||||
Montgomery County, Revenue Bonds, Refunding (Kettering Health Network Obligated Group) | 5.00 | 8/1/2036 | 500,000 | 655,864 | |||||
Ohio Air Quality Development Authority, Revenue Bonds | 2.60 | 10/1/2029 | 2,500,000 | 2,659,004 | |||||
Ohio Housing Finance Agency, Revenue Bonds (Insured; GNMA, FNMA, FHLMC) Ser. A | 4.50 | 3/1/2047 | 1,395,000 | 1,532,694 | |||||
Ohio Housing Finance Agency, Revenue Bonds, Refunding (Insured; GNMA, FNMA, FHLMC) Ser. D | 4.00 | 3/1/2047 | 3,120,000 | 3,360,812 | |||||
Ohio Water Development Authority Water Pollution Control Loan Fund, Revenue Bonds, Ser. A | 5.00 | 6/1/2031 | 5,000,000 | 6,695,759 | |||||
Warrensville Heights City School District, GO, Refunding (Insured; Build America Mutual) | 5.00 | 12/1/2044 | 600,000 | 673,998 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Ohio - .7% (continued) | |||||||||
Warrensville Heights City School District, GO, Refunding (Insured; Build America Mutual) | 5.00 | 12/1/2024 | 1,440,000 | a | 1,672,544 | ||||
20,111,327 | |||||||||
Oklahoma - .2% | |||||||||
Oklahoma, GO | 2.00 | 3/1/2029 | 6,140,000 | 6,596,707 | |||||
Oregon - 1.7% | |||||||||
Multnomah & Clackamas Counties School District No. 10, GO (Insured; School Board Guaranty) Ser. B | 5.00 | 6/15/2030 | 10,000,000 | 12,488,225 | |||||
Oregon Housing & Community Services Department, Revenue Bonds, Ser. A | 4.00 | 1/1/2047 | 2,415,000 | 2,570,815 | |||||
Portland Sewer System, Revenue Bonds, Ser. A | 4.50 | 5/1/2037 | 13,635,000 | 15,875,423 | |||||
Portland Sewer System, Revenue Bonds, Ser. A | 4.50 | 5/1/2033 | 11,435,000 | 13,403,565 | |||||
Salem Hospital Facility Authority, Revenue Bonds, Refunding (Salem Health Project) Ser. A | 5.00 | 5/15/2038 | 2,095,000 | 2,654,762 | |||||
46,992,790 | |||||||||
Pennsylvania - 8.1% | |||||||||
Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. B | 5.00 | 10/15/2028 | 1,715,000 | 2,169,952 | |||||
Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. B | 5.00 | 10/15/2029 | 1,465,000 | 1,886,772 | |||||
Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. B | 5.00 | 10/15/2030 | 1,300,000 | 1,697,035 | |||||
Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. B | 5.00 | 10/15/2025 | 740,000 | 873,881 | |||||
Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. B | 5.00 | 10/15/2026 | 1,165,000 | 1,414,737 | |||||
Allegheny County Hospital Development Authority, Revenue Bonds, Refunding (UPMC Obligated Group) Ser. B | 5.00 | 10/15/2027 | 980,000 | 1,215,941 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Pennsylvania - 8.1% (continued) | |||||||||
Chartiers Valley School District, GO (Insured; State Aid Withholding) Ser. B | 5.00 | 4/15/2025 | 1,250,000 | a | 1,470,555 | ||||
Chester County Health & Education Facilities Authority, Revenue Bonds, Refunding (Main Line Health System Obligated Group) Ser. A | 4.00 | 10/1/2037 | 2,105,000 | 2,440,513 | |||||
Commonwealth Financing Authority, Revenue Bonds | 5.00 | 6/1/2033 | 3,250,000 | 4,002,134 | |||||
Commonwealth Financing Authority, Revenue Bonds | 5.00 | 6/1/2031 | 3,500,000 | 4,336,704 | |||||
Commonwealth Financing Authority, Revenue Bonds | 5.00 | 6/1/2030 | 4,000,000 | 4,974,630 | |||||
Delaware Valley Regional Finance Authority, Revenue Bonds, Ser. A | 2.00 | 10/1/2029 | 1,000,000 | 1,046,491 | |||||
Geisinger Authority, Revenue Bonds, Refunding (Geisinger Health System Obligated Group) | 5.00 | 2/15/2027 | 5,010,000 | 6,132,051 | |||||
Montgomery County Higher Education & Health Authority, Revenue Bonds, Refunding (Thomas Jefferson University Obligated Group Project) | 4.00 | 9/1/2034 | 1,155,000 | 1,360,656 | |||||
Pennsylvania, GO | 5.00 | 9/15/2029 | 7,000,000 | 8,490,907 | |||||
Pennsylvania, GO | 5.00 | 3/15/2031 | 5,000,000 | 5,842,131 | |||||
Pennsylvania, GO, Refunding | 4.00 | 1/1/2030 | 5,000,000 | 5,807,914 | |||||
Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (UPMC Obligated Group) | 4.00 | 3/15/2032 | 3,305,000 | 3,801,021 | |||||
Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding, Ser. A | 4.00 | 11/15/2036 | 3,750,000 | 4,356,838 | |||||
Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding, Ser. A | 4.00 | 11/15/2035 | 6,000,000 | 6,986,422 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds (The University of Pennsylvania Health System Obligated Group) | 4.00 | 8/15/2044 | 2,500,000 | 2,922,735 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (Drexel University) (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 5/1/2030 | 1,795,000 | 2,366,166 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Pennsylvania - 8.1% (continued) | |||||||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (The University of Pennsylvania Health System Obligated Group) Ser. B | 5.00 | 8/15/2026 | 1,200,000 | 1,393,474 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (The University of Pennsylvania Health System Obligated Group) Ser. B | 5.00 | 8/15/2025 | 1,000,000 | 1,128,572 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (The University of Pennsylvania Health System Obligated Group) Ser. B | 5.00 | 8/15/2027 | 350,000 | 416,083 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (The University of Pennsylvania Health System Obligated Group) Ser. B | 5.00 | 8/15/2028 | 350,000 | 424,696 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding (The University of Pennsylvania Health System Obligated Group) Ser. C | 5.00 | 8/15/2024 | 5,000,000 | 5,753,979 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding, Ser. AV1 | 4.00 | 6/15/2031 | 2,505,000 | 2,959,659 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Refunding, Ser. AV1 | 4.00 | 6/15/2032 | 1,355,000 | 1,597,065 | |||||
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Ser. AT1 | 5.00 | 6/15/2029 | 5,000,000 | 6,022,427 | |||||
Pennsylvania Housing Finance Agency, Revenue Bonds, Refunding, Ser. 122 | 3.65 | 10/1/2032 | 8,710,000 | 9,287,916 | |||||
Pennsylvania Housing Finance Agency, Revenue Bonds, Refunding, Ser. 122 | 4.00 | 10/1/2046 | 1,480,000 | 1,595,247 | |||||
Pennsylvania Housing Finance Agency, Revenue Bonds, Ser. 128B | 3.85 | 4/1/2038 | 2,225,000 | 2,449,207 | |||||
Pennsylvania Turnpike Commission, Revenue Bonds, Refunding | 5.00 | 12/1/2038 | 10,000,000 | 12,332,297 | |||||
Pennsylvania Turnpike Commission, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B2 | 5.00 | 6/1/2033 | 10,000,000 | 12,281,416 | |||||
Pennsylvania Turnpike Commission, Revenue Bonds, Refunding, Ser. 3 | 5.00 | 12/1/2035 | 7,085,000 | 8,805,976 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Pennsylvania - 8.1% (continued) | |||||||||
Pennsylvania Turnpike Commission, Revenue Bonds, Refunding, Ser. 3 | 5.00 | 12/1/2031 | 5,000,000 | 6,262,025 | |||||
Pennsylvania Turnpike Commission, Revenue Bonds, Refunding, Ser. B | 5.00 | 6/1/2029 | 7,925,000 | 9,526,705 | |||||
Pennsylvania Turnpike Commission, Revenue Bonds, Ser. B | 5.00 | 12/1/2021 | 3,740,000 | 3,830,633 | |||||
Philadelphia, GO, Refunding, Ser. A | 5.00 | 7/15/2038 | 3,600,000 | 3,994,957 | |||||
Philadelphia, GO, Refunding, Ser. A | 5.00 | 8/1/2025 | 3,455,000 | 4,082,736 | |||||
Philadelphia, GO, Refunding, Ser. A | 5.00 | 8/1/2026 | 3,400,000 | 4,145,163 | |||||
Philadelphia Airport, Revenue Bonds, Refunding, Ser. B | 5.00 | 7/1/2025 | 1,125,000 | 1,323,305 | |||||
Philadelphia Industrial Development Authority, Revenue Bonds, Refunding (Children's Hospital of Philadelphia Project) | 4.00 | 7/1/2036 | 8,400,000 | 9,739,931 | |||||
Philadelphia Industrial Development Authority, Revenue Bonds, Refunding (St. Joseph's University) | 5.00 | 11/1/2029 | 1,000,000 | 1,290,679 | |||||
Philadelphia Industrial Development Authority, Revenue Bonds, Refunding (St. Joseph's University) | 5.00 | 11/1/2028 | 1,000,000 | 1,268,773 | |||||
Philadelphia Industrial Development Authority, Revenue Bonds, Refunding (St. Joseph's University) | 5.00 | 11/1/2025 | 850,000 | 1,002,345 | |||||
Pittsburgh Water & Sewer Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 9/1/2026 | 10,000,000 | 12,215,045 | |||||
State Public School Building Authority, Revenue Bonds (The Philadelphia School District Project) (Insured; State Aid Withholding) | 5.00 | 4/1/2022 | 1,000,000 | 1,039,696 | |||||
State Public School Building Authority, Revenue Bonds (The Philadelphia School District Project) (Insured; State Aid Withholding) | 5.00 | 4/1/2022 | 2,750,000 | a | 2,862,547 | ||||
State Public School Building Authority, Revenue Bonds, Refunding (The Philadelphia School District) (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 6/1/2031 | 5,000,000 | 6,102,293 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Pennsylvania - 8.1% (continued) | |||||||||
State Public School Building Authority, Revenue Bonds, Refunding (The Philadelphia School District) (Insured; Assured Guaranty Municipal Corp.) Ser. A | 5.00 | 6/1/2025 | 5,000,000 | 5,818,094 | |||||
The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A | 5.00 | 9/1/2024 | 600,000 | 682,399 | |||||
The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A | 5.00 | 9/1/2026 | 500,000 | 603,581 | |||||
The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A | 5.00 | 9/1/2027 | 500,000 | 618,753 | |||||
The Philadelphia School District, GO (Insured; State Aid Withholding) Ser. A | 5.00 | 9/1/2025 | 500,000 | 586,688 | |||||
The Philadelphia School District, GO, Refunding (Insured; State Aid Withholding) Ser. 2020 | 5.00 | 9/1/2023 | 5,000,000 | 5,490,074 | |||||
West Mifflin School District, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 4/1/2028 | 1,000,000 | 1,217,370 | |||||
West Mifflin School District, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 4/1/2027 | 1,140,000 | 1,392,466 | |||||
227,140,458 | |||||||||
Rhode Island - .6% | |||||||||
Rhode Island, GO, Refunding, Ser. B | 5.00 | 8/1/2029 | 5,290,000 | 6,627,963 | |||||
Rhode Island Health & Educational Building Corp., Revenue Bonds (Providence College) | 5.00 | 11/1/2047 | 2,045,000 | 2,415,402 | |||||
Rhode Island Health & Educational Building Corp., Revenue Bonds, Refunding (Providence College) | 5.00 | 11/1/2040 | 3,175,000 | 3,682,393 | |||||
Rhode Island Housing & Mortgage Finance Corp., Revenue Bonds (Insured; Government National Mortgage Association) Ser. 70 | 4.00 | 10/1/2049 | 4,625,000 | 5,121,072 | |||||
17,846,830 | |||||||||
South Carolina - .2% | |||||||||
Patriots Energy Group Financing Agency, Revenue Bonds, Ser. A | 4.00 | 2/1/2024 | 5,000,000 | 5,450,957 | |||||
South Dakota - .3% | |||||||||
Educational Enhancement Funding Corp., Revenue Bonds, Refunding, Ser. B | 5.00 | 6/1/2027 | 500,000 | 537,998 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
South Dakota - .3% (continued) | |||||||||
Educational Enhancement Funding Corp., Revenue Bonds, Refunding, Ser. B | 5.00 | 6/1/2025 | 1,800,000 | 1,946,129 | |||||
South Dakota Building Authority, Revenue Bonds, Refunding, Ser. A | 4.00 | 6/1/2032 | 2,660,000 | 3,084,741 | |||||
South Dakota Building Authority, Revenue Bonds, Refunding, Ser. A | 4.00 | 6/1/2031 | 1,250,000 | 1,448,700 | |||||
7,017,568 | |||||||||
Tennessee - 1.7% | |||||||||
Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA) | 0.04 | 7/1/2034 | 325,000 | d | 325,000 | ||||
Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA) | 0.04 | 11/1/2035 | 5,100,000 | d | 5,100,000 | ||||
Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA) | 0.04 | 7/1/2031 | 500,000 | d | 500,000 | ||||
Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA) | 0.04 | 1/1/2033 | 880,000 | d | 880,000 | ||||
Montgomery County Public Building Authority, Revenue Bonds (LOC; Bank of America NA) | 0.04 | 2/1/2036 | 285,000 | d | 285,000 | ||||
Nashville & Davidson County Metropolitan Government, GO, Refunding | 2.50 | 1/1/2029 | 5,000,000 | 5,332,185 | |||||
Nashville & Davidson County Metropolitan Government, GO, Refunding | 5.00 | 1/1/2030 | 5,000,000 | 6,061,685 | |||||
Nashville & Davidson County Metropolitan Government, GO, Refunding, Ser. C | 3.00 | 1/1/2034 | 10,000,000 | 11,481,347 | |||||
Tennessee Energy Acquisition Corp., Revenue Bonds, Ser. A | 4.00 | 5/1/2023 | 5,750,000 | 6,124,717 | |||||
Tennessee Housing Development Agency, Revenue Bonds, Ser. 1B | 3.50 | 1/1/2047 | 1,300,000 | 1,382,352 | |||||
Tennessee Housing Development Agency, Revenue Bonds, Ser. 2B | 4.00 | 1/1/2042 | 1,120,000 | 1,214,734 | |||||
The Metropolitan Nashville Airport Authority, Revenue Bonds, Ser. B | 5.00 | 7/1/2025 | 1,200,000 | 1,406,227 | |||||
The Metropolitan Nashville Airport Authority, Revenue Bonds, Ser. B | 5.00 | 7/1/2026 | 1,900,000 | 2,293,927 | |||||
The Metropolitan Nashville Airport Authority, Revenue Bonds, Ser. B | 5.00 | 7/1/2028 | 2,870,000 | 3,625,863 | |||||
The Metropolitan Nashville Airport Authority, Revenue Bonds, Ser. B | 5.00 | 7/1/2027 | 1,800,000 | 2,230,844 | |||||
48,243,881 | |||||||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Texas - 8.3% | |||||||||
Arlington, Special Tax Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) | 5.00 | 2/15/2034 | 4,180,000 | 4,827,005 | |||||
Bexar County, Revenue Bonds, Refunding (Tax Exempt Venue Project) | 5.00 | 8/15/2027 | 1,110,000 | 1,337,411 | |||||
Central Texas Regional Mobility Authority, BAN, Ser. F | 5.00 | 1/1/2025 | 3,500,000 | 3,982,411 | |||||
Central Texas Regional Mobility Authority, Revenue Bonds, Ser. C | 5.00 | 1/1/2027 | 5,000,000 | 5,934,602 | |||||
Clifton Higher Education Finance Corp., Revenue Bonds (IDEA Public Schools) | 5.00 | 8/15/2023 | 845,000 | 883,761 | |||||
Dallas, GO, Refunding | 5.00 | 2/15/2028 | 5,000,000 | 6,179,127 | |||||
Dallas, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A | 4.00 | 2/15/2032 | 8,125,000 | 9,836,239 | |||||
Danbury Higher Education Authority, Revenue Bonds, Ser. A | 4.00 | 8/15/2049 | 1,500,000 | 1,522,131 | |||||
Danbury Higher Education Authority, Revenue Bonds, Ser. A | 4.75 | 8/15/2034 | 1,000,000 | 1,030,583 | |||||
Grand Parkway Transportation Corp., BAN | 5.00 | 2/1/2023 | 12,500,000 | 13,465,355 | |||||
Harris County Cultural Education Facilities Finance Corp., Revenue Bonds (Memorial Hermann Health System Obligated Group) | 5.00 | 12/1/2026 | 4,655,000 | 5,707,599 | |||||
Houston, GO, Refunding, Ser. A | 5.00 | 3/1/2029 | 5,000,000 | 6,161,496 | |||||
Houston Airport System, Revenue Bonds, Refunding, Ser. A | 4.00 | 7/1/2035 | 1,145,000 | 1,362,673 | |||||
Houston Airport System, Revenue Bonds, Refunding, Ser. A | 4.00 | 7/1/2036 | 2,000,000 | 2,380,721 | |||||
Houston Airport System, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2033 | 1,225,000 | 1,584,498 | |||||
Houston Independent School District, GO, Refunding (Insured; Permanent School Fund Guarantee Program) | 4.00 | 2/15/2028 | 5,000,000 | 5,470,521 | |||||
Houston Texas Combined Utility System, Revenue Bonds, Refunding, Ser. B | 4.50 | 11/15/2038 | 16,540,000 | 19,357,352 | |||||
Houston Texas Combined Utility System, Revenue Bonds, Refunding, Ser. B | 5.25 | 11/15/2033 | 5,000,000 | 6,197,521 | |||||
Houston Texas Hotel Occupancy, Revenue Bonds, Refunding | 5.00 | 9/1/2026 | 1,750,000 | 2,092,703 | |||||
Houston Texas Hotel Occupancy, Revenue Bonds, Refunding | 5.00 | 9/1/2028 | 1,350,000 | 1,683,774 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Texas - 8.3% (continued) | |||||||||
Houston Texas Hotel Occupancy, Revenue Bonds, Refunding | 5.00 | 9/1/2027 | 1,720,000 | 2,105,201 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | 4.00 | 1/1/2034 | 5,015,000 | 5,742,535 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. A | 4.00 | 1/1/2035 | 10,000,000 | 11,914,247 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 1/1/2030 | 3,000,000 | 3,470,753 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 1/1/2031 | 11,415,000 | 13,201,813 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. A | 5.00 | 1/1/2030 | 8,650,000 | 10,253,147 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 1/1/2037 | 2,500,000 | 3,054,300 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 1/1/2036 | 2,500,000 | 3,063,996 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 1/1/2032 | 2,000,000 | 2,494,351 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 1/1/2039 | 2,500,000 | 3,037,388 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 4.00 | 1/1/2040 | 2,000,000 | 2,422,499 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2040 | 5,000,000 | 5,357,245 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2030 | 1,750,000 | 2,068,285 | |||||
North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B | 5.00 | 1/1/2031 | 1,875,000 | 2,208,483 | |||||
Pearland Independent School District, GO, Refunding (Insured; Permanent School Fund Guarantee Program) | 5.00 | 2/15/2031 | 5,000,000 | 6,009,703 | |||||
Southwest Higher Education Authority, Revenue Bonds, Refunding (Southern Methodist University) | 5.00 | 10/1/2029 | 5,000,000 | 6,071,386 | |||||
Southwest Higher Education Authority, Revenue Bonds, Refunding (Southern Methodist University) | 5.00 | 10/1/2028 | 4,500,000 | 5,460,685 | |||||
Texas, GO, Refunding | 5.00 | 10/1/2024 | 4,000,000 | 4,542,416 | |||||
Texas, GO, Refunding, Ser. A | 5.00 | 10/1/2027 | 8,470,000 | 10,118,918 | |||||
Texas, GO, Ser. A | 0.07 | 6/1/2043 | 600,000 | d | 600,000 | ||||
Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding | 5.00 | 12/15/2031 | 1,490,000 | 1,975,627 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Texas - 8.3% (continued) | |||||||||
Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding | 5.00 | 12/15/2029 | 1,400,000 | 1,812,050 | |||||
Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding | 5.00 | 12/15/2026 | 1,150,000 | 1,400,780 | |||||
Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding | 5.00 | 12/15/2027 | 1,785,000 | 2,227,292 | |||||
Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding | 5.00 | 12/15/2028 | 1,250,000 | 1,591,811 | |||||
Texas Municipal Power Agency, Revenue Bonds, Refunding | 5.00 | 9/1/2047 | 2,500,000 | 2,508,042 | |||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group) | 4.00 | 12/31/2035 | 1,250,000 | 1,498,636 | |||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group) | 4.00 | 6/30/2035 | 1,330,000 | 1,596,951 | |||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group) | 4.00 | 12/31/2033 | 1,215,000 | 1,465,063 | |||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group) | 4.00 | 6/30/2033 | 2,750,000 | 3,321,419 | |||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group) | 4.00 | 12/31/2034 | 1,500,000 | 1,802,901 | |||||
Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group) | 4.00 | 6/30/2034 | 1,500,000 | 1,804,533 | |||||
University of Houston, Revenue Bonds, Refunding, Ser. A | 5.00 | 2/15/2033 | 5,000,000 | 5,946,711 | |||||
233,146,650 | |||||||||
U.S. Related - .3% | |||||||||
Antonio B Won Pat International Airport Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B | 5.50 | 10/1/2033 | 1,000,000 | 1,089,889 | |||||
Guam, Revenue Bonds, Refunding, Ser. A | 5.00 | 12/1/2029 | 2,000,000 | 2,359,356 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
U.S. Related - .3% (continued) | |||||||||
Guam, Revenue Bonds, Refunding, Ser. A | 5.00 | 12/1/2028 | 2,000,000 | 2,372,690 | |||||
Puerto Rico Electric Power Authority, Revenue Bonds, Refunding, Ser. ZZ | 5.25 | 7/1/2028 | 2,500,000 | e | 2,268,750 | ||||
8,090,685 | |||||||||
Utah - .3% | |||||||||
Salt Lake City Airport, Revenue Bonds, Ser. A | 5.00 | 7/1/2031 | 2,400,000 | 2,926,223 | |||||
Salt Lake City Airport, Revenue Bonds, Ser. A | 5.00 | 7/1/2030 | 2,000,000 | 2,439,716 | |||||
Salt Lake City Airport, Revenue Bonds, Ser. A | 5.00 | 7/1/2029 | 2,500,000 | 3,067,181 | |||||
8,433,120 | |||||||||
Vermont - .5% | |||||||||
University of Vermont & State Agricultural College, Revenue Bonds, Refunding | 5.00 | 10/1/2040 | 740,000 | 863,668 | |||||
Vermont Educational & Health Buildings Financing Agency, Revenue Bonds, Refunding (University of Vermont Medical Center Obligated Group) Ser. A | 5.00 | 12/1/2032 | 10,000,000 | 11,906,519 | |||||
12,770,187 | |||||||||
Virginia - .4% | |||||||||
Virginia Small Business Financing Authority, Revenue Bonds (95 Express Lanes) | 5.00 | 7/1/2034 | 9,500,000 | 9,752,107 | |||||
Washington - 2.5% | |||||||||
Energy Northwest, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2029 | 5,745,000 | 7,201,878 | |||||
King County School District No. 411, GO, Refunding (Insured; School Board Guaranty) | 4.50 | 12/1/2027 | 6,650,000 | 7,066,871 | |||||
Port of Seattle, Revenue Bonds, Refunding, Ser. B | 5.00 | 3/1/2028 | 1,750,000 | 1,996,399 | |||||
Port of Seattle, Revenue Bonds, Ser. A | 5.00 | 4/1/2029 | 1,000,000 | 1,143,995 | |||||
Port of Seattle, Revenue Bonds, Ser. A | 5.00 | 4/1/2030 | 2,840,000 | 3,248,946 | |||||
Washington, GO, Refunding, Ser. B | 5.00 | 7/1/2032 | 5,000,000 | 5,977,214 | |||||
Washington, GO, Refunding, Ser. R-2021A | 5.00 | 6/1/2028 | 1,250,000 | 1,609,468 | |||||
Washington, GO, Refunding, Ser. R-2021A | 5.00 | 6/1/2030 | 1,300,000 | 1,746,320 | |||||
Washington, GO, Refunding, Ser. R-2021A | 5.00 | 6/1/2029 | 1,000,000 | 1,316,633 | |||||
STATEMENT OF INVESTMENTS (Unaudited) (continued)
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Washington - 2.5% (continued) | |||||||||
Washington, Revenue Bonds, Ser. C | 5.00 | 9/1/2022 | 5,000,000 | 5,306,334 | |||||
Washington, Revenue Bonds, Ser. C | 5.00 | 9/1/2023 | 5,000,000 | 5,531,645 | |||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Providence St. Joseph Health Obligated Group) Ser. B | 5.00 | 10/1/2032 | 2,500,000 | 3,157,827 | |||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Providence St. Joseph Health Obligated Group) Ser. B | 5.00 | 10/1/2021 | 5,550,000 | 5,638,158 | |||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 3.00 | 12/1/2034 | 435,000 | f | 464,127 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 3.00 | 12/1/2035 | 445,000 | f | 474,021 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2029 | 250,000 | f | 327,584 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2028 | 350,000 | f | 449,715 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2027 | 475,000 | f | 597,961 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2030 | 265,000 | f | 353,985 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2033 | 250,000 | f | 330,472 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2032 | 250,000 | f | 331,563 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2031 | 300,000 | f | 399,166 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 3/1/2038 | 4,500,000 | 5,077,340 | |||||
Description | Coupon
| Maturity Date | Principal Amount ($) | Value ($) | |||||
Long-Term Municipal Investments - 104.4% (continued) | |||||||||
Washington - 2.5% (continued) | |||||||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group) | 5.00 | 12/1/2026 | 300,000 | f | 368,671 | ||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Virginia Manson Medical Center Obligated Group) | 5.00 | 8/15/2025 | 1,700,000 | 1,972,180 | |||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Virginia Manson Medical Center Obligated Group) | 5.00 | 8/15/2026 | 2,000,000 | 2,382,305 | |||||
Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Virginia Manson Medical Center Obligated Group) | 5.00 | 8/15/2027 | 2,175,000 | 2,650,813 | |||||
Washington Higher Education Facilities Authority, Revenue Bonds (Seattle University Project) | 5.00 | 5/1/2032 | 500,000 | 634,674 | |||||
Washington Higher Education Facilities Authority, Revenue Bonds (Seattle University Project) | 5.00 | 5/1/2031 | 790,000 | 1,005,795 | |||||
Washington Higher Education Facilities Authority, Revenue Bonds (Seattle University Project) | 5.00 | 5/1/2027 | 500,000 | 607,486 | |||||
Washington Higher Education Facilities Authority, Revenue Bonds (Seattle University Project) | 5.00 | 5/1/2029 | 500,000 | 629,716 | |||||
69,999,262 | |||||||||
Wisconsin - .2% | |||||||||
WPPI Energy, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2033 | 2,000,000 | 2,271,988 | |||||
WPPI Energy, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2031 | 1,000,000 | 1,138,303 | |||||
WPPI Energy, Revenue Bonds, Refunding, Ser. A | 5.00 | 7/1/2030 | 1,000,000 | 1,138,633 | |||||
4,548,924 | |||||||||
Total Investments (cost $2,757,011,547) | 104.4% | 2,928,896,724 | |||||||
Liabilities, Less Cash and Receivables | (4.4%) | (122,236,536) | |||||||
Net Assets | 100.0% | 2,806,660,188 | |||||||
GO—General Obligation
LIBOR—London Interbank Offered Rate
a These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
b Security issued with a zero coupon. Income is recognized through the accretion of discount.
c Variable rate security—interest rate resets periodically and rate shown is the interest rate in effect at period end. Security description also includes the reference rate and spread if published and available.
STATEMENT OF INVESTMENTS (Unaudited) (continued)
d The Variable Rate shall be determined by the Remarketing Agent in its sole discretion based on prevailing market conditions and may, but need not, be established by reference to one or more financial indices.
e Non-income producing—security in default.
f Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2021, these securities were valued at $30,850,369 or 1.1% of net assets.
STATEMENT
OF INVESTMENTS
BNY Mellon National Intermediate Municipal Bond Fund
May 31, 2021 (Unaudited)
The following is a summary of the inputs used as of May 31, 2021 in valuing the fund’s investments:
| Level 1 - Unadjusted Quoted Prices | Level 2 - Other Significant Observable Inputs | Level 3 -Significant Unobservable Inputs | Total |
Assets ($) | ||||
Investments in Securities: † | ||||
Municipal Securities | − | 2,926,273,592 | − | 2,926,273,592 |
† See Statement of Investments for additional detailed categorizations, if any.
The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the SEC under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.
The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.
Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:
Level 1—unadjusted quoted prices in active markets for identical investments.
Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).
Level 3—significant unobservable inputs (including the fund’s own assumptions in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows:
Investments in securities are valued each business day by an independent pricing service (the “Service”) approved by the fund's Board Members (the “Board”). Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as
calculated by the Service based upon its evaluation of the market for such securities). Debt investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.
The Service is engaged under the general oversight of the Board.
When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.
For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.
At May 31, 2021, accumulated net unrealized appreciation on investments was $171,885,177, consisting of $172,994,624 gross unrealized appreciation and $1,109,447 gross unrealized depreciation.
At May 31, 2021, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).
Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.