NPORT-EX 2 c10254bnymellonmuni-may20211.htm Untitled Document

STATEMENT OF INVESTMENTS
BNY Mellon Municipal Opportunities Fund

May 31, 2021 (Unaudited)

          
 

Description

Coupon
Rate (%)

 

Maturity

Date

 

Principal

Amount ($)

 

Value ($)

 

Bonds and Notes - 1.2%

     

Commercial & Professional Services - .6%

     

Novant Health, Unscd. Bonds

 

2.64

 

11/1/2036

 

5,000,000

 

5,019,559

 

Novant Health, Unscd. Bonds

 

3.17

 

11/1/2051

 

3,000,000

 

3,018,827

 

University of Southern California, Sr. Unscd. Bonds, Ser. 21A

 

2.95

 

10/1/2051

 

8,000,000

 

8,029,733

 
 

16,068,119

 

Health Care - .6%

     

AHS Hospital, Sr. Unscd. Bonds, Ser. 2021

 

2.78

 

7/1/2051

 

5,000,000

 

4,764,694

 

Rady Children's Hospital-San Diego, Scd. Bonds, Ser. 21A

 

3.15

 

8/15/2051

 

5,000,000

 

5,108,124

 

West Virginia United Health System Obligated Group, Scd. Bonds, Ser. 2020

 

3.13

 

6/1/2050

 

4,000,000

 

3,866,990

 
 

13,739,808

 

Total Bonds and Notes
(cost $30,000,000)

 

29,807,927

 
         

Long-Term Municipal Investments - 102.4%

     

Alabama - 1.6%

     

Alabama Public School & College Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

11/1/2040

 

5,000,000

 

6,110,431

 

Alabama Public School & College Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

11/1/2038

 

10,000,000

 

12,277,273

 

Alabama Public School & College Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

11/1/2039

 

10,000,000

 

13,218,923

 

Auburn University, Revenue Bonds, Ser. A

 

5.00

 

6/1/2048

 

5,000,000

 

6,135,760

 

Auburn University, Revenue Bonds, Ser. A

 

5.00

 

6/1/2043

 

3,500,000

 

4,318,910

 
 

42,061,297

 

Arizona - 2.2%

     

Arizona Health Facilities Authority, Revenue Bonds, Refunding (Phoenix Children's Hospital Obligated Group) Ser. A

 

5.00

 

2/1/2042

 

6,000,000

 

6,188,778

 

Arizona Industrial Development Authority, Revenue Bonds (Academies of Math & Science Projects)

 

5.00

 

7/1/2049

 

1,000,000

a 

1,151,842

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Arizona - 2.2% (continued)

     

Arizona Industrial Development Authority, Revenue Bonds (Academies of Math & Science Projects) Ser. B

 

5.50

 

7/1/2038

 

1,165,000

a 

1,349,255

 

Arizona Industrial Development Authority, Revenue Bonds (Academies of Math & Science Projects) Ser. B

 

5.63

 

7/1/2048

 

2,000,000

a 

2,302,246

 

Arizona Industrial Development Authority, Revenue Bonds (Academies of Math & Science Projects) Ser. B

 

5.75

 

7/1/2053

 

3,260,000

a 

3,764,508

 

Arizona Industrial Development Authority, Revenue Bonds (Doral Academy of Nevada) Ser. A

 

5.00

 

7/15/2049

 

1,675,000

a 

1,900,013

 

Arizona Industrial Development Authority, Revenue Bonds (Doral Academy of Nevada) Ser. A

 

5.00

 

7/15/2039

 

1,325,000

a 

1,523,199

 

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

 

11/1/2044

 

1,625,000

 

1,969,026

 

Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Communities) Ser. A

 

5.00

 

1/1/2043

 

1,750,000

 

1,790,800

 

Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Communities) Ser. B

 

5.00

 

1/1/2049

 

1,400,000

 

1,365,169

 

Arizona Industrial Development Authority, Revenue Bonds (Great Lakes Senior Living Communities) Ser. B

 

5.00

 

1/1/2043

 

1,650,000

 

1,634,882

 

Arizona Industrial Development Authority, Revenue Bonds (Lone Mountain Campus Project) Ser. A

 

5.00

 

12/15/2039

 

400,000

a 

462,824

 

Arizona Industrial Development Authority, Revenue Bonds (Lone Mountain Campus Project) Ser. A

 

5.00

 

12/15/2049

 

700,000

a 

798,121

 

Arizona Industrial Development Authority, Revenue Bonds (NCCU Properties) (Insured; Build America Mutual) Ser. A

 

4.00

 

6/1/2044

 

2,000,000

 

2,266,009

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Arizona - 2.2% (continued)

     

Arizona Industrial Development Authority, Revenue Bonds (Phoenix Children's Hospital Obligated Group)

 

3.00

 

2/1/2045

 

1,600,000

 

1,700,403

 

Arizona Industrial Development Authority, Revenue Bonds (Somerset Academy of Las Vegas)

 

4.00

 

12/15/2041

 

500,000

a 

549,656

 

Maricopa County Special Health Care District, GO, Ser. C

 

5.00

 

7/1/2036

 

7,500,000

 

9,327,691

 

Pinal County Industrial Development Authority, Revenue Bonds (Green Bond) (WOF SW GGP 1)

 

7.25

 

10/1/2033

 

2,000,000

a 

2,216,088

 

Salt River Project Agricultural Improvement & Power District, Revenue Bonds, Refunding (Salt River Project Agricultural Project)

 

5.00

 

1/1/2029

 

6,250,000

 

8,028,074

 

Salt River Project Agricultural Improvement & Power District, Revenue Bonds, Refunding (Salt River Project Agricultural Project)

 

5.00

 

1/1/2028

 

4,500,000

 

5,648,399

 
 

58,189,988

 

Arkansas - .5%

     

Arkansas Development Finance Authority, Revenue Bonds

 

4.00

 

6/1/2045

 

4,500,000

 

5,157,688

 

Arkansas Development Finance Authority, Revenue Bonds

 

4.00

 

6/1/2039

 

1,085,000

 

1,261,235

 

University of Arkansas, Revenue Bonds

 

5.00

 

11/1/2042

 

5,990,000

 

7,469,302

 
 

13,888,225

 

California - 21.6%

     

Alameda Corridor Transportation Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B

 

4.00

 

10/1/2035

 

1,500,000

 

1,691,571

 

Alameda Corridor Transportation Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B

 

4.00

 

10/1/2037

 

1,000,000

 

1,117,087

 

Alameda Corridor Transportation Authority, Revenue Bonds, Refunding, Ser. B

 

5.00

 

10/1/2036

 

2,500,000

 

2,957,025

 

Anaheim Public Financing Authority, Revenue Bonds, Refunding (Anaheim Convention Center Expansion Project) Ser. A

 

5.00

 

5/1/2046

 

6,450,000

 

7,028,660

 

Bay Area Toll Authority, Revenue Bonds, Refunding

 

4.00

 

4/1/2042

 

5,000,000

 

5,781,174

 

California, GO

 

5.00

 

4/1/2049

 

2,500,000

 

3,172,543

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

California, GO

 

5.00

 

4/1/2033

 

1,205,000

 

1,564,409

 

California, GO, Refunding

 

4.00

 

10/1/2039

 

5,000,000

 

6,025,035

 

California, GO, Refunding

 

5.00

 

12/1/2031

 

1,200,000

 

1,658,383

 

California, GO, Refunding

 

5.00

 

12/1/2030

 

1,700,000

 

2,301,639

 

California, GO, Refunding

 

5.00

 

9/1/2034

 

7,000,000

 

8,554,577

 

California, GO, Refunding

 

5.00

 

4/1/2035

 

9,000,000

 

10,127,674

 

California, GO, Refunding

 

5.00

 

9/1/2041

 

10,000,000

 

13,135,186

 

California, GO, Refunding

 

5.00

 

9/1/2031

 

5,500,000

 

7,462,816

 

California, GO, Refunding (Construction Bonds)

 

4.00

 

10/1/2044

 

5,000,000

 

5,949,718

 

California Community College Financing Authority, Revenue Bonds (Orange Coast Properties)

 

5.25

 

5/1/2043

 

1,250,000

 

1,403,656

 

California Community College Financing Authority, Revenue Bonds (Orange Coast Properties)

 

5.25

 

5/1/2048

 

2,000,000

 

2,234,039

 

California Community Housing Agency, Revenue Bonds (Creekwood) Ser. A

 

4.00

 

2/1/2056

 

5,000,000

a 

5,403,192

 

California Community Housing Agency, Revenue Bonds (Verdant At Green Valley Project)

 

5.00

 

8/1/2049

 

5,000,000

a 

5,762,156

 

California Community Housing Agency, Revenue Bonds, Ser. A

 

4.00

 

2/1/2056

 

3,250,000

a 

3,515,121

 

California Community Housing Agency, Revenue Bonds, Ser. A

 

5.00

 

4/1/2049

 

3,500,000

a 

3,999,976

 

California Community Housing Agency, Revenue Bonds, Ser. A

 

5.00

 

8/1/2050

 

4,000,000

a 

4,657,573

 

California Community Housing Agency, Revenue Bonds, Ser. A

 

5.00

 

2/1/2050

 

5,000,000

a 

5,782,552

 

California Community Housing Agency, Revenue Bonds, Ser. A1

 

4.00

 

2/1/2056

 

5,000,000

a 

5,664,546

 

California County Tobacco Securitization Agency, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2049

 

1,750,000

 

2,051,034

 

California Educational Facilities Authority, Revenue Bonds (Green Bond) (Loyola Marymount University)

 

5.00

 

10/1/2048

 

3,000,000

 

3,659,536

 

California Educational Facilities Authority, Revenue Bonds, Refunding (Loma Linda University) Ser. A

 

5.00

 

4/1/2042

 

2,000,000

 

2,378,791

 

California Educational Facilities Authority, Revenue Bonds, Refunding (Loma Linda University) Ser. A

 

5.00

 

4/1/2047

 

2,500,000

 

2,956,595

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

California Health Facilities Financing Authority, Revenue Bonds, Refunding (Children's Hospital Los Angeles Obligated Group) Ser. A

 

5.00

 

8/15/2047

 

1,000,000

 

1,176,001

 

California Health Facilities Financing Authority, Revenue Bonds, Refunding (Lucile Salter Packard Children's Hospital at Stanford Obligated Group)

 

4.00

 

5/15/2046

 

5,000,000

 

5,762,537

 

California Health Facilities Financing Authority, Revenue Bonds, Refunding (Lucile Salter Packard Children's Hospital at Stanford Obligated Group)

 

4.00

 

5/15/2051

 

5,000,000

 

5,718,844

 

California Health Facilities Financing Authority, Revenue Bonds, Refunding (Providence St. Joseph Health Obligated Group) Ser. A

 

5.00

 

7/1/2037

 

2,270,000

 

2,487,413

 

California Health Facilities Financing Authority, Revenue Bonds, Refunding, Ser. A2

 

4.00

 

11/1/2044

 

12,000,000

 

13,905,665

 

California Infrastructure & Economic Development Bank, Revenue Bonds (WFCS Holdings)

 

0.00

 

1/1/2060

 

5,000,000

b 

567,564

 

California Infrastructure & Economic Development Bank, Revenue Bonds (WFCS Holdings) Ser. A

 

5.00

 

1/1/2055

 

1,000,000

a 

1,156,201

 

California Infrastructure & Economic Development Bank, Revenue Bonds, Refunding (The J. David Gladstone Institutes Project) Ser. A

 

5.25

 

10/1/2021

 

900,000

c 

915,039

 

California Municipal Finance Authority, Revenue Bonds

 

5.00

 

5/15/2049

 

2,000,000

 

2,428,059

 

California Municipal Finance Authority, Revenue Bonds (Bowles Hall Foundation) Ser. A

 

5.00

 

6/1/2050

 

2,750,000

 

3,040,878

 

California Municipal Finance Authority, Revenue Bonds (Bowles Hall Foundation) Ser. A

 

5.00

 

6/1/2035

 

600,000

 

673,978

 

California Municipal Finance Authority, Revenue Bonds (CHF-Davis I)

 

5.00

 

5/15/2048

 

6,000,000

 

7,158,029

 

California Municipal Finance Authority, Revenue Bonds (CHF-Davis I)

 

5.00

 

5/15/2043

 

5,000,000

 

5,999,273

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

California Municipal Finance Authority, Revenue Bonds (CHF-Davis I)

 

5.00

 

5/15/2040

 

5,000,000

 

6,045,296

 

California Municipal Finance Authority, Revenue Bonds (CHF-Riverside I)

 

5.00

 

5/15/2043

 

2,000,000

 

2,395,071

 

California Municipal Finance Authority, Revenue Bonds (CHF-Riverside I)

 

5.00

 

5/15/2052

 

7,500,000

 

8,907,648

 

California Municipal Finance Authority, Revenue Bonds (CHF-Riverside I)

 

5.00

 

5/15/2039

 

3,265,000

 

3,950,095

 

California Municipal Finance Authority, Revenue Bonds (CHF-Riverside I)

 

5.00

 

5/15/2034

 

2,250,000

 

2,760,602

 

California Municipal Finance Authority, Revenue Bonds (CHF-Riverside I)

 

5.00

 

5/15/2037

 

2,605,000

 

3,167,725

 

California Municipal Finance Authority, Revenue Bonds (Claremont Colleges Project) Ser. A

 

5.00

 

7/1/2040

 

1,515,000

a 

1,746,208

 

California Municipal Finance Authority, Revenue Bonds (Claremont Colleges Project) Ser. A

 

5.00

 

7/1/2052

 

2,075,000

a 

2,353,263

 

California Municipal Finance Authority, Revenue Bonds (Emerson College)

 

6.00

 

1/1/2022

 

6,000,000

c 

6,197,851

 

California Municipal Finance Authority, Revenue Bonds (Green Bond) (Insured; Build America Mutual)

 

4.00

 

5/15/2046

 

1,000,000

 

1,192,152

 

California Municipal Finance Authority, Revenue Bonds (John Adams Academy - Lincoln) Ser. A

 

5.00

 

10/1/2049

 

1,515,000

a 

1,628,715

 

California Municipal Finance Authority, Revenue Bonds (John Adams Academy - Lincoln) Ser. A

 

5.00

 

10/1/2057

 

1,650,000

a 

1,766,146

 

California Municipal Finance Authority, Revenue Bonds (LAX Integrated Express Solutions Project)

 

5.00

 

12/31/2047

 

2,250,000

 

2,730,503

 

California Municipal Finance Authority, Revenue Bonds (Northbay Healthcare Group Obligated Group) Ser. A

 

5.25

 

11/1/2041

 

1,200,000

 

1,409,864

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

California Municipal Finance Authority, Revenue Bonds (Northbay Healthcare Group Obligated Group) Ser. A

 

5.25

 

11/1/2047

 

700,000

 

816,812

 

California Municipal Finance Authority, Revenue Bonds (Palmdale Aerospace Academy Project) Ser. A

 

5.00

 

7/1/2038

 

1,100,000

a 

1,275,099

 

California Municipal Finance Authority, Revenue Bonds (Southwestern Law School)

 

6.50

 

11/1/2031

 

300,000

 

306,747

 

California Municipal Finance Authority, Revenue Bonds (United Airlines Project)

 

4.00

 

7/15/2029

 

3,000,000

 

3,482,142

 

California Municipal Finance Authority, Revenue Bonds, Refunding (William Jessup University)

 

5.00

 

8/1/2039

 

1,500,000

 

1,696,025

 

California Municipal Finance Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

2/1/2042

 

1,000,000

 

1,196,561

 

California Pollution Control Financing Authority, Revenue Bonds (Rialto Bioenergy Facility Project)

 

7.50

 

12/1/2040

 

5,000,000

a 

5,208,868

 

California Pollution Control Financing Authority, Revenue Bonds (Waste Management Project) Ser. A

 

2.50

 

5/1/2024

 

2,870,000

 

3,051,315

 

California Public Finance Authority, Revenue Bonds (ENSO Village Project) Ser. 85

 

3.13

 

5/15/2029

 

1,000,000

a 

1,010,168

 

California Public Finance Authority, Revenue Bonds (Green Bond) (ENSO Village Project)

 

5.00

 

11/15/2036

 

500,000

a 

573,701

 

California Public Finance Authority, Revenue Bonds (Green Bond) (ENSO Village Project)

 

5.00

 

11/15/2046

 

500,000

a 

559,081

 

California Public Finance Authority, Revenue Bonds (Green Bond) (ENSO Village Project)

 

5.00

 

11/15/2051

 

250,000

a 

278,569

 

California Public Finance Authority, Revenue Bonds (Green Bond) (ENSO Village Project)

 

5.00

 

11/15/2056

 

500,000

a 

554,049

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

8/1/2036

 

2,500,000

 

3,197,157

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

2/1/2031

 

3,500,000

 

4,583,684

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

8/1/2033

 

2,295,000

 

2,957,752

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

8/1/2032

 

2,035,000

 

2,635,516

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

8/1/2034

 

1,920,000

 

2,467,341

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

2/1/2032

 

3,500,000

 

4,677,714

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

8/1/2035

 

2,415,000

 

3,097,473

 

California Public Works Board, Revenue Bonds, Refunding, Ser. A

 

5.00

 

2/1/2030

 

3,500,000

 

4,511,047

 

California School Finance Authority, Revenue Bonds (Green Dot Public Schools California Project) Ser. A

 

5.00

 

8/1/2038

 

1,000,000

a 

1,200,751

 

California School Finance Authority, Revenue Bonds (Green Dot Public Schools California Project) Ser. A

 

5.00

 

8/1/2048

 

2,750,000

a 

3,244,994

 

California School Finance Authority, Revenue Bonds (KIPP LA Project) Ser. A

 

5.00

 

7/1/2037

 

590,000

a 

701,068

 

California School Finance Authority, Revenue Bonds (KIPP LA Project) Ser. A

 

5.00

 

7/1/2047

 

870,000

a 

1,019,826

 

California School Finance Authority, Revenue Bonds (Summit Public Schools Obligated Group)

 

5.00

 

6/1/2047

 

1,500,000

a 

1,727,608

 

California Statewide Communities Development Authority, Revenue Bonds (Loma Linda University Medical Center Obligated Group)

 

5.00

 

12/1/2033

 

1,000,000

a 

1,191,867

 

California Statewide Communities Development Authority, Revenue Bonds (Loma Linda University Medical Center Obligated Group)

 

5.25

 

12/1/2038

 

1,500,000

a 

1,793,996

 

California Statewide Communities Development Authority, Revenue Bonds (Loma Linda University Medical Center Obligated Group) Ser. A

 

5.00

 

12/1/2041

 

2,500,000

a 

2,825,268

 

California Statewide Communities Development Authority, Revenue Bonds (Loma Linda University Medical Center Obligated Group) Ser. A

 

5.00

 

12/1/2036

 

6,500,000

a 

7,405,492

 

California Statewide Communities Development Authority, Revenue Bonds, Refunding

 

5.38

 

5/15/2038

 

1,900,000

 

1,906,235

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

California Statewide Communities Development Authority, Revenue Bonds, Refunding (CHF-Irvine)

 

5.00

 

5/15/2040

 

2,000,000

 

2,320,466

 

California Statewide Communities Development Authority, Revenue Bonds, Refunding (Front Porch Communities & Services Obligated Group)

 

4.00

 

4/1/2042

 

1,600,000

 

1,717,196

 

California Statewide Communities Development Authority, Revenue Bonds, Refunding (Front Porch Communities & Services Obligated Group)

 

5.00

 

4/1/2047

 

1,500,000

 

1,719,196

 

California Statewide Communities Development Authority, Revenue Bonds, Refunding (Loma Linda University Medical Center Obligated Group)

 

5.25

 

12/1/2044

 

3,000,000

 

3,406,626

 

California University, Revenue Bonds, Refunding, Ser. A

 

4.00

 

11/1/2045

 

500,000

 

565,156

 

Capistrano Unified School Community Facilities District No. 90-2, Special Tax Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

9/1/2032

 

4,000,000

 

4,410,074

 

Chino Valley Unified School District, GO, Ser. B

 

4.00

 

8/1/2045

 

2,610,000

 

3,104,372

 

Cloverdale Unified School District, GO, Refunding, Ser. B

 

4.00

 

8/1/2049

 

5,000,000

 

5,757,478

 

CSCDA Community Improvement Authority, Revenue Bonds, Ser. A2

 

4.00

 

9/1/2056

 

5,000,000

a 

5,505,820

 

Desert Sands Unified School District, GO

 

5.00

 

8/1/2040

 

7,680,000

 

9,523,752

 

Foothill Eastern Transportation Corridor Agency, Revenue Bonds, Refunding, Ser. B1

 

3.95

 

1/15/2053

 

5,000,000

 

5,647,342

 

Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B

 

2.96

 

1/15/2046

 

2,000,000

 

1,916,365

 

Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. D

 

3.06

 

1/15/2043

 

1,000,000

 

964,397

 

Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Refunding, Ser. A

 

4.09

 

1/15/2049

 

7,500,000

 

7,828,432

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

Foothill-Eastern Transportation Corridor Agency, Revenue Bonds, Ser. A

 

4.00

 

1/15/2046

 

3,345,000

 

3,972,844

 

Fowler Unified School District, GO (Insured; Build America Mutual) Ser. B

 

3.38

 

8/1/2045

 

1,200,000

 

1,309,823

 

Fowler Unified School District, GO (Insured; Build America Mutual) Ser. B

 

5.00

 

8/1/2050

 

3,000,000

 

3,754,036

 

Galt Redevelopment Agency, Tax Allocation Bonds

 

7.38

 

9/1/2033

 

2,000,000

 

2,033,071

 

Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A1

 

5.00

 

6/1/2047

 

5,000,000

 

5,178,141

 

Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A1

 

5.00

 

6/1/2032

 

5,000,000

 

6,169,538

 

Golden State Tobacco Securitization Corp., Revenue Bonds, Refunding, Ser. A2

 

5.00

 

6/1/2047

 

5,000,000

 

5,178,141

 

Grant Joint Union High School District, GO (Insured; Assured Guaranty Municipal Corp.)

 

0.00

 

2/1/2033

 

4,380,000

b 

3,477,190

 

Grant Joint Union High School District, GO (Insured; Assured Guaranty Municipal Corp.)

 

0.00

 

8/1/2029

 

2,080,000

b 

1,820,642

 

Irvine, Special Assessment Bonds, Refunding

 

4.00

 

9/2/2029

 

1,000,000

 

1,037,443

 

Long Beach Marina System, Revenue Bonds

 

5.00

 

5/15/2045

 

2,000,000

 

2,211,704

 

Long Beach Marina System, Revenue Bonds

 

5.00

 

5/15/2040

 

2,500,000

 

2,781,621

 

Los Angeles Airports Department, Revenue Bonds, Refunding, Ser. B

 

5.00

 

5/15/2048

 

10,000,000

 

12,999,107

 

Los Angeles Airports Department, Revenue Bonds, Refunding, Ser. B

 

5.00

 

5/15/2045

 

3,000,000

 

3,912,653

 

Los Angeles Community College District, GO, Refunding

 

1.81

 

8/1/2030

 

4,000,000

 

3,983,795

 

Los Angeles County Public Works Financing Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2034

 

1,000,000

 

1,149,203

 

Los Angeles County Public Works Financing Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2039

 

1,000,000

 

1,144,717

 

Los Angeles Unified School District, GO, Ser. RYQ

 

4.00

 

7/1/2044

 

7,500,000

 

8,972,598

 

New Haven Unified School District, GO (Insured; Assured Guaranty Corp.)

 

0.00

 

8/1/2032

 

2,500,000

b 

2,015,915

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

Norman Y Mineta San Jose International Airport, Revenue Bonds, Refunding, Ser. A

 

5.00

 

3/1/2047

 

8,500,000

 

10,181,168

 

Northern California Energy Authority, Revenue Bonds, Ser. A

 

4.00

 

7/1/2024

 

10,000,000

 

11,033,374

 

Northern California Gas Authority No. 1, Revenue Bonds, Ser. B, 3 Month LIBOR x .67 +.72%

 

0.86

 

7/1/2027

 

605,000

d 

608,228

 

Oroville, Revenue Bonds (Oroville Hospital)

 

5.25

 

4/1/2039

 

1,750,000

 

2,042,521

 

Palomar Health, Revenue Bonds, Refunding

 

5.00

 

11/1/2039

 

1,000,000

 

1,149,448

 

Riverside County Transportation Commission, Revenue Bonds, Refunding, Ser. A

 

5.25

 

6/1/2023

 

2,000,000

c 

2,203,760

 

Riverside County Transportation Commission, Revenue Bonds, Ser. A

 

5.75

 

6/1/2044

 

2,000,000

 

2,177,446

 

Riverside County Transportation Commission, Revenue Bonds, Ser. A

 

5.75

 

6/1/2048

 

5,000,000

 

5,443,424

 

San Diego Unified School District, GO, Ser. A

 

0.00

 

7/1/2025

 

1,615,000

b 

1,575,356

 

San Diego Unified School District, GO, Ser. A

 

0.00

 

7/1/2025

 

2,385,000

b 

2,317,012

 

San Diego Unified School District, GO, Ser. F

 

4.00

 

7/1/2035

 

2,205,000

 

2,487,834

 

San Francisco Airport City & County, Revenue Bonds, Refunding, Ser. A

 

5.00

 

5/1/2044

 

6,500,000

 

8,024,356

 

San Francisco City & County Redevelopment Agency, Special Tax Bonds, Ser. C

 

0.00

 

8/1/2038

 

2,000,000

b 

784,063

 

San Francisco City & County Redevelopment Agency, Special Tax Bonds, Ser. C

 

0.00

 

8/1/2043

 

7,835,000

b 

2,270,719

 

San Joaquin Hills Transportation Corridor Agency, Revenue Bonds, Refunding, Ser. A

 

5.00

 

1/15/2050

 

5,000,000

 

5,627,685

 

Sierra Joint Community College District School Facilities District No. 2, GO (Insured; National Public Finance Guarantee Corp.) Ser. B

 

0.00

 

8/1/2031

 

5,330,000

b 

4,474,962

 

Sierra Joint Community College District School Facilities District No. 2, GO (Insured; National Public Finance Guarantee Corp.) Ser. B

 

0.00

 

8/1/2030

 

3,020,000

b 

2,600,063

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

The Morongo Band of Mission Indians, Revenue Bonds, Ser. A

 

5.00

 

10/1/2042

 

1,000,000

a 

1,167,178

 

Tobacco Securitization Authority of Northern California, Revenue Bonds, Refunding (San Diego County Tobacco Asset Securitization)

 

5.00

 

6/1/2039

 

2,000,000

 

2,545,531

 

Tobacco Securitization Authority of Northern California, Revenue Bonds, Refunding (San Diego County Tobacco Asset Securitization)

 

5.00

 

6/1/2048

 

4,000,000

 

4,997,226

 

Tobacco Securitization Authority of Northern California, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2049

 

2,500,000

 

2,950,448

 

Tobacco Securitization Authority of Northern California, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2040

 

500,000

 

601,454

 

Tobacco Securitization Authority of Northern California, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2037

 

500,000

 

608,247

 

Tobacco Securitization Authority of Northern California, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2038

 

800,000

 

968,544

 

Tobacco Securitization Authority of Northern California, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2039

 

1,000,000

 

1,206,622

 

Transbay Joint Powers Authority, Tax Allocation Bonds (Green Bond) Ser. A

 

5.00

 

10/1/2045

 

1,000,000

 

1,266,164

 

Transbay Joint Powers Authority, Tax Allocation Bonds (Green Bond) Ser. A

 

5.00

 

10/1/2049

 

1,000,000

 

1,260,738

 

Transbay Joint Powers Authority, Tax Allocation Bonds (Green Bond) Ser. A

 

5.00

 

10/1/2039

 

900,000

 

1,154,829

 

Transbay Joint Powers Authority, Tax Allocation Bonds (Green Bond) Ser. A

 

5.00

 

10/1/2040

 

1,000,000

 

1,280,567

 

University of California, Revenue Bonds, Refunding (Limited Project) Ser. G

 

5.00

 

5/15/2037

 

7,325,000

 

7,656,359

 

University of California, Revenue Bonds, Refunding, Ser. AZ

 

5.00

 

5/15/2043

 

5,000,000

 

6,256,968

 

University of California, Revenue Bonds, Refunding, Ser. BH

 

4.00

 

5/15/2046

 

5,000,000

 

6,046,530

 

University of California, Revenue Bonds, Refunding, Ser. BH

 

4.00

 

5/15/2051

 

15,000,000

 

18,031,714

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

California - 21.6% (continued)

     

University of California, Revenue Bonds, Refunding, Ser. S

 

5.00

 

5/15/2034

 

3,000,000

 

3,976,801

 

University of California, Revenue Bonds, Refunding, Ser. S

 

5.00

 

5/15/2033

 

5,000,000

 

6,650,449

 

University of California, Revenue Bonds, Refunding, Ser. S

 

5.00

 

5/15/2035

 

2,000,000

 

2,639,431

 

University of California, Revenue Bonds, Ser. AV

 

5.00

 

5/15/2042

 

2,525,000

 

3,117,065

 
 

563,263,948

 

Colorado - 1.4%

     

Colorado Board Governors University System, Revenue Bonds, Refunding, Ser. C

 

5.00

 

3/1/2043

 

2,995,000

 

3,666,869

 

Colorado Board Governors University System, Revenue Bonds, Refunding, Ser. C

 

5.00

 

3/1/2028

 

2,005,000

c 

2,549,474

 

Colorado Health Facilities Authority, Revenue Bonds, Refunding (Evangelical Lutheran Good Samaritan Society Project) Ser. R

 

5.00

 

6/1/2027

 

2,500,000

c 

3,105,365

 

Denver City & County, Revenue Bonds, Ser. A

 

4.00

 

8/1/2051

 

10,000,000

 

11,934,836

 

Denver City & County Airport System, Revenue Bonds, Refunding, Ser. A

 

4.00

 

12/1/2048

 

1,250,000

 

1,413,994

 

Denver City & County Airport System, Revenue Bonds, Refunding, Ser. A

 

5.25

 

12/1/2048

 

3,500,000

 

4,326,842

 

Denver Urban Renewal Authority, Tax Allocation Bonds, Ser. A

 

5.25

 

12/1/2039

 

2,000,000

a 

2,199,680

 

Denver Urban Renewal Authority, Tax Allocation Bonds, Ser. A

 

5.25

 

12/1/2039

 

2,500,000

a 

2,750,765

 

E-470 Public Highway Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

9/1/2040

 

1,725,000

 

1,932,538

 

Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A

 

3.00

 

7/15/2037

 

1,000,000

 

1,070,210

 

Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A

 

4.00

 

7/15/2033

 

1,000,000

 

1,256,144

 

Regional Transportation District, Revenue Bonds, Refunding (Denver Transit Partners) Ser. A

 

4.00

 

7/15/2035

 

1,000,000

 

1,204,263

 
 

37,410,980

 

Connecticut - 1.7%

     

Connecticut, GO, Ser. 2021 A

 

3.00

 

1/15/2040

 

5,000,000

 

5,475,679

 

Connecticut, GO, Ser. 2021 A

 

3.00

 

1/15/2038

 

5,000,000

 

5,512,634

 

Connecticut, GO, Ser. 2021 A

 

3.00

 

1/15/2037

 

5,000,000

 

5,538,179

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Connecticut - 1.7% (continued)

     

Connecticut, Revenue Bonds (Special Tax Obligation) Ser. A

 

5.00

 

5/1/2038

 

2,000,000

 

2,593,247

 

Connecticut, Revenue Bonds, Ser. A

 

4.00

 

5/1/2039

 

2,695,000

 

3,276,067

 

Connecticut, Revenue Bonds, Ser. A

 

4.00

 

5/1/2040

 

3,000,000

 

3,633,369

 

Connecticut, Revenue Bonds, Ser. A

 

5.00

 

5/1/2041

 

2,000,000

 

2,624,740

 

Connecticut, Special Tax Bonds, Ser. A

 

4.00

 

5/1/2036

 

1,725,000

 

2,088,431

 

Connecticut, Special Tax Bonds, Ser. A

 

4.00

 

5/1/2039

 

1,500,000

 

1,795,855

 

Connecticut, Special Tax Bonds, Ser. A

 

5.00

 

5/1/2037

 

3,500,000

 

4,552,629

 

Connecticut, Special Tax Bonds, Ser. A

 

5.00

 

5/1/2034

 

2,000,000

 

2,620,911

 

The Metropolitan District, GO, Ser. A

 

4.00

 

7/15/2037

 

1,125,000

 

1,343,355

 

The Metropolitan District, GO, Ser. A

 

4.00

 

7/15/2039

 

500,000

 

594,342

 

The Metropolitan District, GO, Ser. A

 

4.00

 

7/15/2035

 

500,000

 

600,283

 

The Metropolitan District, GO, Ser. A

 

4.00

 

7/15/2036

 

1,200,000

 

1,436,870

 
 

43,686,591

 

Delaware - .2%

     

Kent County, Revenue Bonds (CHF-Dover University Project) Ser. A

 

5.00

 

7/1/2048

 

1,000,000

 

1,128,794

 

Kent County, Revenue Bonds (CHF-Dover University Project) Ser. A

 

5.00

 

7/1/2040

 

750,000

 

856,262

 

University of Delaware, Revenue Bonds, Refunding (Liquidity Agreement; TD Bank NA) Ser. C

 

0.02

 

11/1/2037

 

2,500,000

e 

2,500,000

 
 

4,485,056

 

District of Columbia - 2.8%

     

District of Columbia, Revenue Bonds (District of Columbia International School Obligated Group)

 

5.00

 

7/1/2049

 

1,275,000

 

1,477,573

 

District of Columbia, Revenue Bonds (Friendship Public Charter School)

 

5.00

 

12/1/2022

 

3,500,000

c 

3,748,840

 

District of Columbia, Revenue Bonds (KIPP DC Project)

 

4.00

 

7/1/2039

 

1,275,000

 

1,439,018

 

District of Columbia, Revenue Bonds (KIPP DC Project)

 

4.00

 

7/1/2049

 

1,375,000

 

1,533,574

 

District of Columbia, Revenue Bonds (KIPP DC Project)

 

4.00

 

7/1/2044

 

1,240,000

 

1,389,623

 

District of Columbia, Revenue Bonds, Refunding

 

6.00

 

7/1/2023

 

1,700,000

c 

1,904,232

 

District of Columbia, Revenue Bonds, Refunding

 

6.00

 

7/1/2023

 

1,100,000

c 

1,232,150

 

District of Columbia, Revenue Bonds, Refunding

 

6.00

 

7/1/2023

 

1,450,000

c 

1,624,198

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

District of Columbia - 2.8% (continued)

     

District of Columbia, Revenue Bonds, Refunding (KIPP DC Project) Ser. A

 

5.00

 

7/1/2048

 

5,000,000

 

5,862,586

 

District of Columbia, Revenue Bonds, Refunding (KIPP DC Project) Ser. B

 

5.00

 

7/1/2042

 

4,000,000

 

4,716,371

 

District of Columbia, Revenue Bonds, Ser. A

 

5.00

 

3/1/2026

 

10,000,000

 

12,119,636

 

District of Columbia, Revenue Bonds, Ser. C

 

4.00

 

5/1/2039

 

4,000,000

 

4,833,208

 

District of Columbia, Revenue Bonds, Ser. C

 

4.00

 

5/1/2038

 

2,605,000

 

3,155,692

 

District of Columbia, Revenue Bonds, Ser. C

 

4.00

 

5/1/2045

 

5,000,000

 

5,957,280

 

District of Columbia, Revenue Bonds, Ser. C

 

4.00

 

5/1/2040

 

3,000,000

 

3,618,221

 

Metropolitan Washington Airports Authority, Revenue Bonds (Dulles Metrorail & Capital Improvement Projects) (Insured; Assured Guaranty Corp.) Ser. B

 

0.00

 

10/1/2036

 

6,275,000

b 

4,613,861

 

Metropolitan Washington Airports Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. B

 

4.00

 

10/1/2053

 

5,000,000

 

5,751,597

 

Washington Metropolitan Area Transit Authority, Revenue Bonds (Green Bond) Ser. A

 

3.00

 

7/15/2043

 

4,250,000

 

4,627,723

 

Washington Metropolitan Area Transit Authority, Revenue Bonds (Green Bond) Ser. A

 

4.00

 

7/15/2046

 

3,000,000

 

3,614,253

 
 

73,219,636

 

Florida - 4.1%

     

Capital Trust Agency, Revenue Bonds (Franklin Academy Project)

 

5.00

 

12/15/2035

 

1,085,000

a 

1,207,131

 

Capital Trust Agency, Revenue Bonds (Franklin Academy Project)

 

5.00

 

12/15/2040

 

1,220,000

a 

1,345,011

 

Capital Trust Agency, Revenue Bonds (H-Bay Ministries Inc-Superior Residences Project) Ser. A1

 

5.00

 

7/1/2048

 

750,000

 

430,988

 

Capital Trust Agency, Revenue Bonds (H-Bay Ministries Inc-Superior Residences Project) Ser. B

 

5.00

 

7/1/2053

 

250,000

 

102,050

 

Collier County Health Facilities Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

5/1/2045

 

2,500,000

 

2,792,117

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Florida - 4.1% (continued)

     

Florida Development Finance Corp., Revenue Bonds (Green Bond) Ser. B

 

7.38

 

1/1/2049

 

5,000,000

a 

5,428,685

 

Florida Development Finance Corp., Revenue Bonds (Mater Academy Project) Ser. A

 

5.00

 

6/15/2040

 

1,650,000

 

1,896,446

 

Florida Development Finance Corp., Revenue Bonds (Mater Academy Project) Ser. A

 

5.00

 

6/15/2050

 

6,500,000

 

7,391,614

 

Florida Development Finance Corp., Revenue Bonds, Refunding (Glenridge on Palmer Ranch Obligated Group)

 

5.00

 

6/1/2051

 

1,250,000

 

1,433,744

 

Florida Higher Educational Facilities Financial Authority, Revenue Bonds, Refunding (Rollins College Project) Ser. A

 

3.00

 

12/1/2048

 

7,500,000

 

7,939,309

 

Florida Higher Educational Facilities Financial Authority, Revenue Bonds, Refunding (Rollins College Project) Ser. A

 

4.00

 

12/1/2050

 

10,000,000

 

11,590,777

 

Florida Higher Educational Facilities Financial Authority, Revenue Bonds, Refunding (The University of Tampa Project) Ser. A

 

5.25

 

4/1/2022

 

1,100,000

c 

1,146,829

 

Hillsborough County Industrial Development Authority, Revenue Bonds (Tampa General Hospital Project) Ser. A

 

4.00

 

8/1/2045

 

2,220,000

 

2,594,902

 

Jacksonville, Revenue Bonds, Refunding

 

5.00

 

10/1/2030

 

750,000

 

797,213

 

Miami Beach Redevelopment Agency, Tax Allocation Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

2/1/2040

 

7,545,000

 

8,379,334

 

Miami-Dade County Aviation, Revenue Bonds, Refunding, Ser. A

 

4.00

 

10/1/2041

 

1,250,000

 

1,485,459

 

Miami-Dade County Aviation, Revenue Bonds, Refunding, Ser. A

 

4.00

 

10/1/2040

 

1,625,000

 

1,936,493

 

Miami-Dade County Aviation, Revenue Bonds, Refunding, Ser. A

 

4.00

 

10/1/2039

 

1,500,000

 

1,791,395

 

Miami-Dade County Expressway Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2040

 

1,050,000

 

1,052,912

 

Miami-Dade County Health Facilities Authority, Revenue Bonds, Refunding (Nicklaus Children's Hospital Obligated Group)

 

5.00

 

8/1/2042

 

2,000,000

 

2,422,889

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Florida - 4.1% (continued)

     

Miami-Dade County Seaport Department, Revenue Bonds, Ser. A

 

5.50

 

10/1/2042

 

14,145,000

 

15,583,051

 

Miami-Dade County Water & Sewer System, Revenue Bonds

 

3.00

 

10/1/2040

 

1,875,000

 

2,074,337

 

Miami-Dade County Water & Sewer System, Revenue Bonds

 

3.00

 

10/1/2043

 

3,000,000

 

3,288,578

 

Miami-Dade County Water & Sewer System, Revenue Bonds

 

4.00

 

10/1/2046

 

1,250,000

 

1,503,012

 

Miami-Dade County Water & Sewer System, Revenue Bonds

 

4.00

 

10/1/2048

 

1,500,000

 

1,799,582

 

Miami-Dade County Water & Sewer System, Revenue Bonds

 

4.00

 

10/1/2051

 

1,000,000

 

1,195,464

 

Orange County Health Facilities Authority, Revenue Bonds (Orlando Health Obligated Group) Ser. B

 

5.00

 

4/1/2022

 

5,000,000

c 

5,202,486

 

Palm Beach County Health Facilities Authority, Revenue Bonds, Refunding (Baptist Health South Florida Obligated Group)

 

4.00

 

8/15/2049

 

6,500,000

 

7,493,801

 

Tampa, Revenue Bonds (H. Lee Moffitt Cancer Center & Research Institute Obligated Group) Ser. B

 

4.00

 

7/1/2045

 

3,700,000

 

4,297,606

 

Tampa, Revenue Bonds, Ser. A

 

0.00

 

9/1/2049

 

1,800,000

b 

650,035

 

Tampa, Revenue Bonds, Ser. A

 

0.00

 

9/1/2042

 

1,000,000

b 

493,063

 

Tampa, Revenue Bonds, Ser. A

 

0.00

 

9/1/2041

 

1,000,000

b 

517,049

 

Tampa, Revenue Bonds, Ser. A

 

0.00

 

9/1/2045

 

1,850,000

b 

798,215

 
 

108,061,577

 

Georgia - 1.3%

     

Atlanta Water & Wastewater, Revenue Bonds, Refunding

 

2.26

 

11/1/2035

 

8,000,000

 

7,965,132

 

Fulton County Development Authority, Revenue Bonds, Refunding (Robert W. Woodruff Arts Center)

 

5.00

 

3/15/2044

 

6,000,000

 

7,242,428

 

George L Smith II Congress Center Authority, Revenue Bonds

 

4.00

 

1/1/2054

 

5,000,000

 

5,838,515

 

George L Smith II Congress Center Authority, Revenue Bonds

 

5.00

 

1/1/2054

 

3,000,000

a 

3,556,213

 

Georgia Municipal Electric Authority, Revenue Bonds (Plant Vogtle Units 3&4 Project)

 

4.00

 

1/1/2049

 

2,155,000

 

2,406,355

 

Georgia Municipal Electric Authority, Revenue Bonds (Plant Vogtle Units 3&4 Project)

 

4.00

 

1/1/2049

 

2,000,000

 

2,268,332

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Georgia - 1.3% (continued)

     

Georgia Municipal Electric Authority, Revenue Bonds (Plant Vogtle Units 3&4 Project)

 

5.00

 

1/1/2056

 

1,000,000

 

1,204,317

 

Main Street Natural Gas, Revenue Bonds, Ser. A

 

5.00

 

5/15/2043

 

1,500,000

 

1,809,991

 

The Atlanta Development Authority, Revenue Bonds, Ser. A1

 

5.25

 

7/1/2044

 

1,500,000

 

1,726,229

 
 

34,017,512

 

Hawaii - .4%

     

Hawaii Department of Budget & Finance, Revenue Bonds, Refunding (Kahala Senior Living Community Obligated Group)

 

5.13

 

11/15/2032

 

2,050,000

 

2,163,394

 

Hawaii Department of Budget & Finance, Revenue Bonds, Refunding (Kahala Senior Living Community Obligated Group)

 

5.25

 

11/15/2037

 

1,000,000

 

1,054,170

 

Hawaii Department of Budget & Finance, Revenue Bonds, Refunding (The Queen's Health Systems Obligated Group) Ser. A

 

5.00

 

7/1/2035

 

7,000,000

 

8,117,174

 
 

11,334,738

 

Idaho - .2%

     

Idaho Health Facilities Authority, Revenue Bonds, Refunding (Trinity Health Obligated Group) Ser. D

 

5.00

 

6/1/2022

 

3,900,000

c 

4,089,218

 

Illinois - 8.2%

     

Chicago Board of Education, GO, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

12/1/2026

 

1,170,000

 

1,426,532

 

Chicago Board of Education, GO, Refunding, Ser. A

 

4.00

 

12/1/2027

 

750,000

 

874,090

 

Chicago Board of Education, GO, Refunding, Ser. A

 

7.00

 

12/1/2044

 

2,500,000

 

3,048,135

 

Chicago Board of Education, GO, Refunding, Ser. B

 

5.00

 

12/1/2033

 

600,000

 

749,048

 

Chicago Board of Education, GO, Refunding, Ser. B

 

6.75

 

12/1/2030

 

7,500,000

a 

9,962,207

 

Chicago Board of Education, GO, Refunding, Ser. B

 

7.00

 

12/1/2042

 

10,000,000

a 

13,117,186

 

Chicago Board of Education, GO, Ser. A

 

5.00

 

12/1/2041

 

1,000,000

 

1,238,904

 

Chicago Board of Education, GO, Ser. A

 

5.00

 

12/1/2038

 

2,000,000

 

2,495,910

 

Chicago Board of Education, GO, Ser. A

 

7.00

 

12/1/2046

 

5,000,000

a 

6,523,481

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Illinois - 8.2% (continued)

     

Chicago Board of Education, GO, Ser. B

 

6.50

 

12/1/2046

 

4,500,000

 

5,554,701

 

Chicago Board of Education, Revenue Bonds

 

5.00

 

4/1/2046

 

1,600,000

 

1,833,473

 

Chicago Board of Education, Revenue Bonds

 

5.00

 

4/1/2042

 

1,700,000

 

1,961,328

 

Chicago Board of Education, Revenue Bonds

 

6.00

 

4/1/2046

 

1,500,000

 

1,809,360

 

Chicago II, GO, Refunding, Ser. 2005D

 

5.50

 

1/1/2040

 

5,000,000

 

5,604,055

 

Chicago II, GO, Refunding, Ser. 2007E

 

5.50

 

1/1/2042

 

1,750,000

 

1,957,196

 

Chicago II, GO, Refunding, Ser. 2007F

 

5.50

 

1/1/2042

 

1,250,000

 

1,397,997

 

Chicago II, GO, Refunding, Ser. A

 

5.00

 

1/1/2035

 

5,000,000

 

5,403,495

 

Chicago II, GO, Refunding, Ser. A

 

5.00

 

1/1/2032

 

600,000

 

749,932

 

Chicago II, GO, Refunding, Ser. A

 

5.00

 

1/1/2031

 

1,300,000

 

1,632,066

 

Chicago II, GO, Ser. A

 

5.50

 

1/1/2049

 

4,000,000

 

4,869,545

 

Chicago II, GO, Ser. B

 

7.75

 

1/1/2042

 

1,272,000

 

1,424,055

 

Chicago Midway International Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

1/1/2046

 

5,000,000

 

5,895,869

 

Chicago O'Hare International Airport, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.)

 

5.50

 

1/1/2043

 

4,000,000

 

4,310,638

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A

 

5.00

 

1/1/2039

 

3,710,000

 

4,576,085

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A

 

5.00

 

1/1/2038

 

3,250,000

 

4,017,243

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A

 

5.00

 

1/1/2036

 

3,130,000

 

3,887,551

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. A

 

5.00

 

1/1/2037

 

3,000,000

 

3,716,711

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

1/1/2041

 

6,800,000

 

8,034,403

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

1/1/2033

 

10,425,000

 

12,044,790

 

Chicago O'Hare International Airport, Revenue Bonds, Refunding, Ser. B

 

5.00

 

1/1/2031

 

15,000,000

 

17,330,632

 

Illinois, GO

 

5.50

 

5/1/2039

 

2,500,000

 

3,209,695

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Illinois - 8.2% (continued)

     

Illinois, GO

 

5.50

 

5/1/2030

 

2,500,000

 

3,299,484

 

Illinois, GO

 

5.50

 

7/1/2038

 

10,000,000

 

10,829,435

 

Illinois, GO

 

5.50

 

7/1/2033

 

2,500,000

 

2,719,615

 

Illinois, GO, Refunding, Ser. B

 

5.00

 

10/1/2025

 

15,000,000

 

17,716,144

 

Illinois, GO, Ser. A

 

5.00

 

3/1/2046

 

2,500,000

 

3,108,535

 

Illinois, GO, Ser. A

 

5.00

 

5/1/2042

 

2,500,000

 

2,964,056

 

Illinois, GO, Ser. D

 

5.00

 

11/1/2028

 

5,000,000

 

6,089,743

 

Illinois Finance Authority, Revenue Bonds, Refunding (Franciscan Communities Obligated Group) Ser. A

 

5.00

 

5/15/2037

 

3,000,000

 

3,385,847

 

Illinois Finance Authority, Revenue Bonds, Refunding (Rehab Institute of Chicago) Ser. A

 

6.00

 

7/1/2043

 

5,000,000

 

5,426,694

 

Illinois Finance Authority, Revenue Bonds, Refunding, Ser. A

 

5.25

 

5/15/2047

 

3,715,000

 

3,893,246

 

Illinois Finance Authority, Revenue Bonds, Refunding, Ser. A

 

5.50

 

7/1/2028

 

1,560,000

 

1,680,972

 

Illinois Finance Authority, Revenue Bonds, Refunding, Ser. A

 

5.25

 

5/15/2023

 

535,000

c 

586,966

 

Metropolitan Pier & Exposition Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

0.00

 

12/15/2040

 

10,000,000

b 

6,060,515

 

Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding

 

4.00

 

6/15/2050

 

2,000,000

 

2,296,759

 

Metropolitan Pier & Exposition Authority, Revenue Bonds, Refunding (McCormick Place Expansion Project)

 

5.00

 

6/15/2050

 

2,000,000

 

2,452,356

 
 

213,166,680

 

Indiana - .4%

     

Indiana Finance Authority, Revenue Bonds (Butler University Project)

 

4.00

 

2/1/2044

 

2,595,000

 

2,969,601

 

Indiana Finance Authority, Revenue Bonds (United States Steel) Ser. A

 

6.75

 

5/1/2039

 

1,000,000

 

1,287,495

 

Indiana Finance Authority, Revenue Bonds, Refunding (Duke Energy Indiana Project) (LOC; Sumitomo Mitsui Banking) Ser. A4

 

0.03

 

12/1/2039

 

100,000

e 

100,000

 

Indiana Finance Authority, Revenue Bonds, Refunding (Duke Energy Indiana Project) (LOC; Sumitomo Mitsui Banking) Ser. A5

 

0.03

 

10/1/2040

 

500,000

e 

500,000

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Indiana - .4% (continued)

     

Indiana Finance Authority, Revenue Bonds, Refunding (Stadium Project) Ser. A

 

5.25

 

2/1/2035

 

5,000,000

 

5,932,397

 
 

10,789,493

 

Iowa - .0%

     

Iowa Tobacco Settlement Authority, Revenue Bonds, Refunding, Ser. A2

 

4.00

 

6/1/2040

 

1,000,000

 

1,192,394

 

Kentucky - 1.2%

     

Kentucky Economic Development Finance Authority, Revenue Bonds, Refunding (Louisville Arena Authority) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

12/1/2047

 

3,500,000

 

3,725,145

 

Kentucky Property & Building Commission, Revenue Bonds, Refunding (Project No. 112) Ser. B

 

5.00

 

11/1/2027

 

10,000,000

 

12,196,845

 

Kentucky Public Energy Authority, Revenue Bonds (Gas Supply) Ser. C1

 

4.00

 

6/1/2025

 

10,000,000

 

11,273,445

 

Kentucky Public Transportation Infrastructure Authority, Revenue Bonds (Downtown Crossing Project) Ser. A

 

5.75

 

7/1/2049

 

3,000,000

 

3,312,357

 
 

30,507,792

 

Louisiana - 1.1%

     

Jefferson Parish Economic Development & Port District, Revenue Bonds (Kenner Discovery Health Sciences Foundation) Ser. A

 

5.50

 

6/15/2038

 

3,200,000

a 

3,664,713

 

Jefferson Parish Economic Development & Port District, Revenue Bonds (Kenner Discovery Health Sciences Foundation) Ser. A

 

5.63

 

6/15/2048

 

4,350,000

a 

4,930,728

 

Jefferson Parish Hospital Service District No. 2, Revenue Bonds, Refunding

 

6.25

 

7/1/2021

 

5,000,000

c 

5,024,634

 

Louisiana Public Facilities Authority, Revenue Bonds (Louisiana Children's Medical Center Obligated Group)

 

4.00

 

6/1/2050

 

2,750,000

 

3,148,630

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Louisiana - 1.1% (continued)

     

Louisiana Public Facilities Authority, Revenue Bonds (Louisiana Children's Medical Center Obligated Group) (Insured; Assured Guaranty Municipal Corp.)

 

3.00

 

6/1/2050

 

4,000,000

 

4,238,363

 

Louisiana Public Facilities Authority, Revenue Bonds, Refunding (Tulane University)

 

4.00

 

4/1/2050

 

2,000,000

 

2,292,353

 

New Orleans Water System, Revenue Bonds, Refunding

 

5.00

 

12/1/2024

 

500,000

c 

578,851

 

St. James Parish, Revenue Bonds (NuStar Logistics Project) Ser. 2

 

6.35

 

7/1/2040

 

4,115,000

a 

5,365,091

 
 

29,243,363

 

Maine - .5%

     

Maine Finance Authority, Revenue Bonds (Coastal Resources of Maine Project)

 

5.25

 

6/15/2034

 

1,000,000

f 

550,000

 

Maine Finance Authority, Revenue Bonds (Coastal Resources of Maine Project)

 

5.38

 

12/15/2033

 

4,400,000

a,f 

2,420,000

 

Maine Health & Higher Educational Facilities Authority, Revenue Bonds (MaineGeneral Health Medical Center Obligated Group)

 

6.00

 

7/1/2021

 

825,000

c 

828,933

 

Maine Health & Higher Educational Facilities Authority, Revenue Bonds (MaineGeneral Health Medical Center Obligated Group)

 

7.00

 

7/1/2021

 

4,240,000

c 

4,263,591

 

Maine Health & Higher Educational Facilities Authority, Revenue Bonds, Refunding (Bowdoin College)

 

5.00

 

7/1/2038

 

5,000,000

 

6,105,236

 
 

14,167,760

 

Maryland - .0%

     

Maryland Economic Development Corp., Revenue Bonds (Seagirt Marine Terminal Project)

 

5.00

 

6/1/2049

 

750,000

 

881,666

 

Maryland Economic Development Corp., Revenue Bonds (Seagirt Marine Terminal Project)

 

5.00

 

6/1/2044

 

200,000

 

236,696

 
 

1,118,362

 

Massachusetts - 3.2%

     

Commonwealth of Massachusetts, GO, Refunding, Ser. D

 

4.00

 

11/1/2040

 

2,500,000

 

3,042,952

 

Commonwealth of Massachusetts, GO, Refunding, Ser. D

 

4.00

 

11/1/2041

 

2,250,000

 

2,719,964

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Massachusetts - 3.2% (continued)

     

Commonwealth of Massachusetts, GO, Refunding, Ser. E

 

1.77

 

11/1/2032

 

5,590,000

 

5,547,242

 

Lowell Collegiate Charter School, Revenue Bonds

 

5.00

 

6/15/2049

 

755,000

 

829,528

 

Lowell Collegiate Charter School, Revenue Bonds

 

5.00

 

6/15/2054

 

770,000

 

844,495

 

Massachusetts Development Finance Agency, Revenue Bonds (Bentley University)

 

5.00

 

7/1/2040

 

5,500,000

 

6,472,369

 

Massachusetts Development Finance Agency, Revenue Bonds (Dana-Farber Cancer Institute Obligated Group) Ser. N

 

5.00

 

12/1/2041

 

3,000,000

 

3,563,592

 

Massachusetts Development Finance Agency, Revenue Bonds (Emerson College) Ser. A

 

5.25

 

1/1/2042

 

5,500,000

 

6,513,718

 

Massachusetts Development Finance Agency, Revenue Bonds (Linden Ponds Obligated Group)

 

5.13

 

11/15/2046

 

1,500,000

a 

1,665,310

 

Massachusetts Development Finance Agency, Revenue Bonds (Wentworth Institute of Technology)

 

5.00

 

10/1/2046

 

2,015,000

 

2,329,122

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Berklee College of Music)

 

5.00

 

10/1/2039

 

5,000,000

 

5,931,087

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Cape Cod Healthcare Obligated Group)

 

5.25

 

11/15/2023

 

4,370,000

c 

4,900,515

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Emerson College) Ser. A

 

5.00

 

1/1/2040

 

1,000,000

 

1,204,517

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (International Charter School)

 

5.00

 

4/15/2040

 

1,500,000

 

1,625,432

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (NewBridge Charles Obligated Group)

 

5.00

 

10/1/2057

 

2,000,000

a 

2,185,893

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (NewBridge Charles Obligated Group)

 

5.00

 

10/1/2047

 

3,000,000

a 

3,283,093

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Massachusetts - 3.2% (continued)

     

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (NewBridge Charles Obligated Group)

 

5.00

 

10/1/2037

 

1,000,000

a 

1,098,206

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Simmons College) Ser. K1

 

5.00

 

10/1/2036

 

2,115,000

 

2,441,910

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding (Wellforce Obligated Group) (Insured; Assured Guaranty Municipal Corp.) Ser. C

 

4.00

 

10/1/2045

 

500,000

 

586,781

 

Massachusetts Development Finance Agency, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2044

 

1,375,000

 

1,667,944

 

Massachusetts School Building Authority, Revenue Bonds, Refunding, Ser. A

 

5.25

 

2/15/2048

 

9,500,000

 

12,007,600

 

Massachusetts School Building Authority, Revenue Bonds, Ser. B

 

5.25

 

2/15/2048

 

10,000,000

 

12,639,579

 

The Massachusetts Clean Water Trust, Revenue Bonds, Refunding, Ser. A

 

5.75

 

8/1/2029

 

50,000

 

50,198

 
 

83,151,047

 

Michigan - 2.0%

     

Detroit, GO

 

5.00

 

4/1/2034

 

1,000,000

 

1,190,150

 

Detroit, GO

 

5.00

 

4/1/2033

 

1,150,000

 

1,371,966

 

Detroit, GO

 

5.00

 

4/1/2035

 

1,660,000

 

1,972,726

 

Detroit, GO

 

5.00

 

4/1/2038

 

1,235,000

 

1,458,386

 

Detroit, GO

 

5.00

 

4/1/2036

 

1,200,000

 

1,423,152

 

Detroit, GO

 

5.00

 

4/1/2029

 

1,000,000

 

1,201,249

 

Detroit, GO

 

5.00

 

4/1/2028

 

900,000

 

1,092,009

 

Detroit, GO

 

5.00

 

4/1/2030

 

700,000

 

838,267

 

Detroit, GO

 

5.00

 

4/1/2032

 

850,000

 

1,015,415

 

Detroit, GO

 

5.00

 

4/1/2031

 

1,000,000

 

1,195,462

 

Detroit, GO, Ser. A

 

5.00

 

4/1/2050

 

2,000,000

 

2,429,129

 

Detroit, GO, Ser. A

 

5.00

 

4/1/2046

 

1,250,000

 

1,526,586

 

Detroit Downtown Development Authority, Tax Allocation Bonds, Refunding (Catalyst Development Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

5.00

 

7/1/2043

 

10,000,000

 

11,242,102

 

Michigan Building Authority, Revenue Bonds, Refunding, Ser. IA

 

5.38

 

10/15/2021

 

3,000,000

c 

3,058,890

 

Michigan Building Authority, Revenue Bonds, Refunding, Ser. II

 

2.71

 

10/15/2040

 

5,000,000

 

4,953,689

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Michigan - 2.0% (continued)

     

Michigan Finance Authority, Revenue Bonds, Refunding (Beaumont Health Obligated Group)

 

5.00

 

8/1/2032

 

2,000,000

 

2,271,789

 

Michigan Finance Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

12/1/2049

 

4,000,000

 

4,684,868

 

Michigan Finance Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2038

 

1,500,000

 

1,809,941

 

Michigan Finance Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

6/1/2040

 

2,100,000

 

2,513,880

 

Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C

 

5.00

 

11/15/2037

 

900,000

 

1,145,513

 

Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C

 

5.00

 

11/15/2039

 

850,000

 

1,076,574

 

Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C

 

5.00

 

11/15/2035

 

1,050,000

 

1,344,454

 

Western Michigan University, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C

 

5.00

 

11/15/2036

 

325,000

 

414,861

 
 

51,231,058

 

Minnesota - .4%

     

Forest Lake, Revenue Bonds, Refunding (North Lakes Academy Project)

 

5.00

 

7/1/2056

 

4,000,000

 

4,412,848

 

Western Minnesota Municipal Power Agency, Revenue Bonds (Red Rock Hydroelectric Project) Ser. A

 

5.00

 

1/1/2049

 

5,390,000

 

6,627,864

 
 

11,040,712

 

Mississippi - .1%

     

Mississippi Development Bank, Revenue Bonds (Jackson Water & Sewer System Project) (Insured; Assured Guaranty Municipal Corp.)

 

6.88

 

12/1/2040

 

1,625,000

 

1,859,076

 

Missouri - .1%

     

Kansas City Industrial Development Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.)

 

4.00

 

3/1/2057

 

3,000,000

 

3,441,377

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Nebraska - .9%

     

Central Plains Energy Project, Revenue Bonds, Refunding

 

4.00

 

8/1/2025

 

10,000,000

 

11,379,976

 

Omaha Public Power District, Revenue Bonds, Refunding, Ser. A

 

5.00

 

2/1/2042

 

10,000,000

 

12,375,440

 
 

23,755,416

 

Nevada - .5%

     

Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

4.00

 

6/15/2040

 

750,000

 

893,735

 

Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

4.00

 

6/15/2038

 

1,700,000

 

2,034,735

 

Clark County School District, GO (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

4.00

 

6/15/2037

 

850,000

 

1,019,890

 

Henderson, GO, Ser. A1

 

4.00

 

6/1/2045

 

3,000,000

 

3,584,204

 

Nevada Department of Business & Industry, Revenue Bonds (Green Bond) (Fulcrum Sierra Biofuels Project)

 

6.25

 

12/15/2037

 

5,000,000

a 

4,984,544

 

Nevada Department of Business & Industry, Revenue Bonds (Green Bond) (Fulcrum Sierra Biofuels Project) Ser. B

 

5.13

 

12/15/2037

 

1,500,000

a 

1,323,315

 
 

13,840,423

 

New Jersey - 5.1%

     

New Jersey, GO (COVID-19 Government Bonds) Ser. A

 

4.00

 

6/1/2031

 

2,500,000

 

3,135,849

 

New Jersey, GO (COVID-19 Government Bonds) Ser. A

 

4.00

 

6/1/2030

 

3,250,000

 

4,017,565

 

New Jersey, GO (COVID-19 Government Bonds) Ser. A

 

5.00

 

6/1/2029

 

5,000,000

 

6,502,500

 

New Jersey Economic Development Authority, Revenue Bonds (Beloved Community Charter School Project) Ser. A

 

5.00

 

6/15/2054

 

725,000

a 

788,411

 

New Jersey Economic Development Authority, Revenue Bonds (Beloved Community Charter School Project) Ser. A

 

5.00

 

6/15/2049

 

1,105,000

a 

1,205,065

 

New Jersey Economic Development Authority, Revenue Bonds (The Goethals Bridge Replacement Project)

 

5.13

 

1/1/2034

 

5,325,000

 

5,942,524

 

New Jersey Economic Development Authority, Revenue Bonds (The Goethals Bridge Replacement Project)

 

5.38

 

1/1/2043

 

5,500,000

 

6,163,927

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New Jersey - 5.1% (continued)

     

New Jersey Economic Development Authority, Revenue Bonds, Refunding

 

5.00

 

6/15/2026

 

2,500,000

 

2,592,513

 

New Jersey Economic Development Authority, Revenue Bonds, Refunding (School Facilities Construction) (Insured; Assured Guaranty Municipal Corp.) Ser. PP

 

5.00

 

6/15/2029

 

13,000,000

 

14,725,950

 

New Jersey Economic Development Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2033

 

2,500,000

 

2,962,998

 

New Jersey Health Care Facilities Financing Authority, Revenue Bonds, Refunding (St. Peter's University Hospital Obligated Group)

 

6.25

 

7/1/2035

 

1,500,000

 

1,504,917

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds

 

5.00

 

6/15/2030

 

1,500,000

 

1,776,705

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding

 

4.00

 

12/15/2039

 

1,500,000

 

1,731,367

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/15/2031

 

2,000,000

 

2,362,491

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/15/2029

 

15,000,000

 

17,854,998

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/15/2030

 

3,000,000

 

3,553,410

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. A

 

4.00

 

6/15/2041

 

3,000,000

 

3,368,755

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. A

 

4.00

 

6/15/2042

 

3,000,000

 

3,358,764

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA

 

4.00

 

6/15/2045

 

5,000,000

 

5,742,079

 

New Jersey Transportation Trust Fund Authority, Revenue Bonds, Ser. AA

 

4.00

 

6/15/2050

 

5,000,000

 

5,691,803

 

New Jersey Turnpike Authority, Revenue Bonds, Refunding, Ser. B

 

1.86

 

1/1/2031

 

3,500,000

 

3,386,318

 

New Jersey Turnpike Authority, Revenue Bonds, Refunding, Ser. B

 

2.78

 

1/1/2040

 

2,000,000

 

1,925,572

 

New Jersey Turnpike Authority, Revenue Bonds, Ser. A

 

4.00

 

1/1/2042

 

4,000,000

 

4,787,940

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New Jersey - 5.1% (continued)

     

New Jersey Turnpike Authority, Revenue Bonds, Ser. A

 

4.00

 

1/1/2051

 

5,000,000

 

5,900,772

 

South Jersey Port Corp., Revenue Bonds, Ser. B

 

5.00

 

1/1/2048

 

1,500,000

 

1,738,391

 

South Jersey Port Corp., Revenue Bonds, Ser. B

 

5.00

 

1/1/2042

 

1,250,000

 

1,459,473

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/1/2046

 

3,000,000

 

3,584,948

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.00

 

6/1/2033

 

7,000,000

 

8,698,318

 

Tobacco Settlement Financing Corp., Revenue Bonds, Refunding, Ser. A

 

5.25

 

6/1/2046

 

5,000,000

 

6,092,618

 
 

132,556,941

 

New York - 14.1%

     

Build New York City Resource Corp., Revenue Bonds (Hellenic Classical Charter Schools) Ser. A

 

5.00

 

12/1/2051

 

1,450,000

a 

1,657,914

 

Build New York City Resource Corp., Revenue Bonds (Hellenic Classical Charter Schools) Ser. A

 

5.00

 

12/1/2041

 

1,200,000

a 

1,391,522

 

Build New York City Resource Corp., Revenue Bonds (Metropolitan Lighthouse Charter School Project) Ser. A

 

5.00

 

6/1/2032

 

500,000

a 

568,663

 

Build New York City Resource Corp., Revenue Bonds (Metropolitan Lighthouse Charter School Project) Ser. A

 

5.00

 

6/1/2037

 

700,000

a 

789,164

 

Build New York City Resource Corp., Revenue Bonds (Metropolitan Lighthouse Charter School Project) Ser. A

 

5.00

 

6/1/2047

 

1,000,000

a 

1,114,273

 

Hudson Yards Infrastructure Corp., Revenue Bonds

 

5.75

 

2/15/2047

 

1,895,000

 

1,902,359

 

Metropolitan Transportation Authority, Revenue Bonds (Green Bond) Ser. C1

 

5.00

 

11/15/2050

 

6,000,000

 

7,374,273

 

Metropolitan Transportation Authority, Revenue Bonds, Refunding

 

4.00

 

11/15/2045

 

1,630,000

 

1,875,784

 

Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. C1

 

4.75

 

11/15/2045

 

10,000,000

 

12,136,078

 

Metropolitan Transportation Authority, Revenue Bonds, Refunding (Green Bond) Ser. C2

 

5.18

 

11/15/2049

 

10,000,000

 

12,794,149

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New York - 14.1% (continued)

     

Metropolitan Transportation Authority Hudson Rail Yards Trust, Revenue Bonds, Refunding, Ser. A

 

5.00

 

11/15/2056

 

5,000,000

 

5,406,761

 

New York City, GO (LOC; Bank of America NA) Ser. E2

 

0.02

 

8/1/2034

 

450,000

e 

450,000

 

New York City, GO (LOC; Bank of America NA) Ser. L3

 

0.02

 

4/1/2036

 

400,000

e 

400,000

 

New York City, GO (LOC; U.S. Bank NA) Ser. L4

 

0.02

 

4/1/2038

 

1,350,000

e 

1,350,000

 

New York City, GO, Refunding Ser. D

 

1.82

 

8/1/2030

 

5,000,000

 

4,907,065

 

New York City, GO, Refunding, Ser. E

 

5.00

 

8/1/2034

 

1,250,000

 

1,582,460

 

New York City, GO, Refunding, Ser. F1

 

5.00

 

8/1/2034

 

2,220,000

 

2,810,449

 

New York City, GO, Ser. AA1

 

4.00

 

8/1/2038

 

5,000,000

 

5,919,047

 

New York City, GO, Ser. AA1

 

5.00

 

8/1/2035

 

2,500,000

 

3,198,250

 

New York City, GO, Ser. B1

 

5.00

 

10/1/2043

 

4,000,000

 

5,039,250

 

New York City, GO, Ser. B1

 

5.00

 

12/1/2035

 

2,000,000

 

2,445,729

 

New York City, GO, Ser. F1

 

3.00

 

3/1/2041

 

7,800,000

 

8,453,573

 

New York City, GO, Ser. F1

 

4.00

 

3/1/2047

 

3,000,000

 

3,562,402

 

New York City Industrial Development Agency, Revenue Bonds (LOC; Bank of America NA) Ser. B

 

0.02

 

5/1/2033

 

3,400,000

e 

3,400,000

 

New York City Industrial Development Agency, Revenue Bonds, Refunding (Queens Baseball Stadium Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

3.00

 

1/1/2037

 

2,250,000

 

2,450,189

 

New York City Industrial Development Agency, Revenue Bonds, Refunding (Queens Baseball Stadium Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

3.00

 

1/1/2040

 

1,750,000

 

1,888,949

 

New York City Industrial Development Agency, Revenue Bonds, Refunding (Queens Baseball Stadium Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

3.00

 

1/1/2039

 

2,285,000

 

2,472,099

 

New York City Industrial Development Agency, Revenue Bonds, Refunding (Queens Baseball Stadium Project) (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

3.00

 

1/1/2046

 

5,000,000

 

5,317,411

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New York - 14.1% (continued)

     

New York City Industrial Development Agency, Revenue Bonds, Refunding (Yankee Stadium Project) (Insured; Assured Guaranty Municipal Corp.)

 

3.00

 

3/1/2036

 

2,500,000

 

2,729,205

 

New York City Industrial Development Agency, Revenue Bonds, Refunding (Yankee Stadium Project) (Insured; Assured Guaranty Municipal Corp.)

 

4.00

 

3/1/2045

 

5,000,000

 

5,848,135

 

New York City Transitional Finance Authority, Revenue Bonds

 

4.00

 

5/1/2045

 

3,500,000

 

4,157,878

 

New York City Transitional Finance Authority, Revenue Bonds

 

4.00

 

5/1/2039

 

5,000,000

 

6,032,581

 

New York City Transitional Finance Authority, Revenue Bonds

 

4.00

 

8/1/2038

 

1,250,000

 

1,467,050

 

New York City Transitional Finance Authority, Revenue Bonds

 

4.00

 

5/1/2042

 

5,000,000

 

5,982,548

 

New York City Transitional Finance Authority, Revenue Bonds

 

4.00

 

5/1/2041

 

5,000,000

 

5,999,869

 

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

 

7/15/2035

 

10,000,000

 

12,802,579

 

New York City Transitional Finance Authority, Revenue Bonds (Liquidity Agreement; Mizuho Bank, Ltd.) Ser. D3

 

0.03

 

2/1/2044

 

1,300,000

e 

1,300,000

 

New York City Transitional Finance Authority, Revenue Bonds, Refunding (Insured; State Aid Withholding) Ser. S2A

 

4.00

 

7/15/2037

 

2,500,000

 

2,935,898

 

New York City Transitional Finance Authority, Revenue Bonds, Refunding (Insured; State Aid Withholding) Ser. S2A

 

5.00

 

7/15/2033

 

3,250,000

 

4,118,642

 

New York City Transitional Finance Authority, Revenue Bonds, Ser. A1

 

4.00

 

8/1/2041

 

5,000,000

 

5,830,513

 

New York City Water & Sewer System, Revenue Bonds (LOC; Citibank NA) Ser. F2

 

0.02

 

6/15/2035

 

4,025,000

e 

4,025,000

 

New York City Water & Sewer System, Revenue Bonds, Refunding, Ser. B1

 

0.02

 

6/15/2049

 

300,000

e 

300,000

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New York - 14.1% (continued)

     

New York Counties Tobacco Trust VI, Revenue Bonds, Refunding, Ser. A2B

 

5.00

 

6/1/2051

 

4,585,000

 

4,893,471

 

New York Liberty Development Corp., Revenue Bonds, Refunding (4 World Trade Center Project)

 

5.75

 

11/15/2051

 

5,000,000

 

5,118,945

 

New York Liberty Development Corp., Revenue Bonds, Refunding (7 World Trade Center Project)

 

5.00

 

3/15/2044

 

2,000,000

 

2,066,583

 

New York Liberty Development Corp., Revenue Bonds, Refunding (Bank of America Tower)

 

2.80

 

9/15/2069

 

4,000,000

 

4,057,433

 

New York Liberty Development Corp., Revenue Bonds, Refunding (Class 1-3 World Trade Center Project)

 

5.00

 

11/15/2044

 

5,000,000

a 

5,533,257

 

New York State Dormitory Authority, Revenue Bonds (Columbia University) Ser. A

 

5.00

 

10/1/2048

 

2,000,000

 

3,169,674

 

New York State Dormitory Authority, Revenue Bonds (Maimonides Medical Center)

 

4.00

 

8/1/2043

 

750,000

 

867,445

 

New York State Dormitory Authority, Revenue Bonds (New York University) Ser. A

 

5.00

 

7/1/2042

 

5,500,000

 

6,914,876

 

New York State Dormitory Authority, Revenue Bonds, Refunding (Pace University) Ser. A

 

5.00

 

5/1/2038

 

500,000

 

530,429

 

New York State Dormitory Authority, Revenue Bonds, Refunding, Ser. D

 

5.00

 

2/15/2028

 

14,510,000

 

18,489,649

 

New York State Urban Development Corp., Revenue Bonds (State of New York Personal Income Tax) Ser. A

 

4.00

 

3/15/2049

 

10,000,000

 

11,765,986

 

New York State Urban Development Corp., Revenue Bonds (State of New York Personal Income Tax) Ser. A

 

4.00

 

3/15/2045

 

2,500,000

 

2,955,618

 

New York State Urban Development Corp., Revenue Bonds, Refunding (State of New York Personal Income Tax)

 

3.00

 

3/15/2048

 

10,000,000

 

10,696,174

 

New York State Urban Development Corp., Revenue Bonds, Refunding (State of New York Personal Income Tax)

 

3.00

 

3/15/2040

 

5,000,000

 

5,423,377

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New York - 14.1% (continued)

     

New York Transportation Development Corp., Revenue Bonds

 

4.00

 

4/30/2053

 

1,500,000

 

1,713,252

 

New York Transportation Development Corp., Revenue Bonds (Delta Air Lines)

 

4.38

 

10/1/2045

 

5,000,000

 

5,934,789

 

New York Transportation Development Corp., Revenue Bonds (Delta Air Lines)

 

5.00

 

10/1/2035

 

8,000,000

 

10,286,839

 

New York Transportation Development Corp., Revenue Bonds (Delta Air Lines)

 

5.00

 

10/1/2040

 

5,000,000

 

6,321,730

 

New York Transportation Development Corp., Revenue Bonds (Delta Air Lines)

 

5.00

 

1/1/2036

 

2,500,000

 

3,025,682

 

New York Transportation Development Corp., Revenue Bonds (Delta Air Lines)

 

5.00

 

1/1/2034

 

4,000,000

 

4,853,010

 

New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal)

 

4.00

 

12/1/2040

 

3,455,000

 

4,113,001

 

New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal)

 

4.00

 

12/1/2041

 

3,600,000

 

4,276,854

 

New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) Ser. A

 

4.00

 

12/1/2039

 

2,000,000

 

2,350,191

 

New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) Ser. A

 

5.00

 

12/1/2035

 

400,000

 

513,937

 

New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Air Terminal) Ser. A

 

5.00

 

12/1/2037

 

700,000

 

894,146

 

New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Airport) Ser. A

 

5.25

 

8/1/2031

 

1,750,000

 

2,090,300

 

New York Transportation Development Corp., Revenue Bonds, Refunding (JFK International Airport) Ser. A

 

5.38

 

8/1/2036

 

1,000,000

 

1,255,558

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New York - 14.1% (continued)

     

Oneida County Local Development Corp., Revenue Bonds, Refunding (Mohawk Valley Health System Obligated Group) (Insured; Assured Guaranty Municipal Corp.)

 

4.00

 

12/1/2049

 

4,000,000

 

4,510,156

 

Oneida County Local Development Corp., Revenue Bonds, Refunding (Utica College Project)

 

4.00

 

7/1/2039

 

750,000

 

808,486

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 222

 

4.00

 

7/15/2037

 

3,000,000

 

3,618,096

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 222nd

 

4.00

 

7/15/2040

 

1,620,000

 

1,937,205

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 222nd

 

4.00

 

7/15/2039

 

2,250,000

 

2,695,774

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 222nd

 

4.00

 

7/15/2038

 

2,500,000

 

3,005,178

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 226

 

5.00

 

10/15/2030

 

1,675,000

 

2,208,745

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 226

 

5.00

 

10/15/2028

 

3,250,000

 

4,140,932

 

Port Authority of New York & New Jersey, Revenue Bonds, Refunding, Ser. 226

 

5.00

 

10/15/2027

 

3,500,000

 

4,362,186

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. A

 

0.00

 

11/15/2031

 

5,000,000

b 

4,069,804

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. A1

 

4.00

 

5/15/2046

 

4,000,000

 

4,792,694

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. A1

 

5.00

 

5/15/2051

 

5,000,000

 

6,464,870

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. B

 

0.00

 

11/15/2028

 

4,715,000

b 

4,257,244

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Refunding, Ser. B

 

0.00

 

11/15/2027

 

2,000,000

b 

1,847,193

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A

 

4.00

 

11/15/2054

 

1,750,000

 

2,053,273

 

Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A

 

5.00

 

11/15/2051

 

4,000,000

 

5,148,686

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

New York - 14.1% (continued)

     

Triborough Bridge & Tunnel Authority, Revenue Bonds, Ser. A

 

5.00

 

11/15/2049

 

3,500,000

 

4,470,995

 
 

369,544,303

 

North Carolina - .8%

     

North Carolina, Revenue Bonds, Ser. B

 

4.00

 

5/1/2035

 

3,250,000

 

4,006,702

 

North Carolina Turnpike Authority, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

1/1/2049

 

1,500,000

 

1,888,035

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

1/1/2038

 

5,000,000

 

6,277,503

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2039

 

750,000

 

1,002,193

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2038

 

755,000

 

1,011,604

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2041

 

1,000,000

 

1,329,731

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2040

 

750,000

 

1,000,172

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2035

 

750,000

 

1,014,019

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2034

 

1,000,000

 

1,354,680

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2037

 

750,000

 

1,007,582

 

North Carolina Turnpike Authority, Revenue Bonds, Refunding (Monroe Expressway System)

 

5.00

 

7/1/2036

 

750,000

 

1,010,880

 
 

20,903,101

 

North Dakota - .2%

     

Grand Forks County, Revenue Bonds, Refunding (Green Bond) (Red River Biorefinery)

 

6.38

 

12/15/2043

 

6,000,000

 

5,603,386

 

Ohio - 2.4%

     

Buckeye Tobacco Settlement Financing Authority, Revenue Bonds, Refunding, Ser. B2

 

5.00

 

6/1/2055

 

16,500,000

 

19,127,429

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Ohio - 2.4% (continued)

     

Cleveland-Cuyahoga County Port Authority, Revenue Bonds, Refunding (Playhouse Square Foundation Project)

 

5.25

 

12/1/2038

 

2,420,000

 

2,813,122

 

Cleveland-Cuyahoga County Port Authority, Revenue Bonds, Refunding (Playhouse Square Foundation Project)

 

5.50

 

12/1/2053

 

1,500,000

 

1,749,006

 

Cleveland-Cuyahoga County Port Authority, Revenue Bonds, Refunding (Playhouse Square Foundation Project)

 

5.50

 

12/1/2043

 

1,580,000

 

1,842,286

 

Franklin County, Revenue Bonds, Ser. A

 

4.00

 

12/1/2049

 

2,500,000

 

2,928,042

 

Hamilton County Sewer System, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2032

 

9,350,000

 

12,272,426

 

Montgomery County, Revenue Bonds, Refunding (Kettering Health Network Obligated Group)

 

3.00

 

8/1/2051

 

1,625,000

 

1,717,587

 

Montgomery County, Revenue Bonds, Refunding (Kettering Health Network Obligated Group)

 

3.00

 

8/1/2040

 

1,600,000

 

1,725,763

 

Montgomery County, Revenue Bonds, Refunding (Kettering Health Network Obligated Group)

 

4.00

 

8/1/2051

 

1,000,000

 

1,172,280

 

Montgomery County, Revenue Bonds, Refunding (Kettering Health Network Obligated Group)

 

4.00

 

8/1/2041

 

500,000

 

593,659

 

Ohio, Revenue Bonds (Portsmouth Bypass Project) (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

12/31/2039

 

2,000,000

 

2,269,185

 

Ohio, Revenue Bonds (Portsmouth Bypass Project) (Insured; Assured Guaranty Municipal Corp.)

 

5.00

 

12/31/2035

 

3,000,000

 

3,417,796

 

Ohio Air Quality Development Authority, Revenue Bonds (Pratt Paper Project)

 

4.25

 

1/15/2038

 

2,500,000

a 

2,822,263

 

Ohio Turnpike & Infrastructure Commission, Revenue Bonds

 

5.70

 

2/15/2034

 

3,000,000

g 

3,751,298

 

Southern Ohio Port Authority, Revenue Bonds (PureCycle Project) Ser. A

 

7.00

 

12/1/2042

 

4,000,000

a 

4,531,011

 
 

62,733,153

 

Oregon - 1.0%

     

Benton & Linn Counties Consolidated School District No. 509J & 509A, GO (Insured; School Board Guaranty) Ser. A

 

5.00

 

6/15/2027

 

1,275,000

 

1,604,013

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Oregon - 1.0% (continued)

     

Benton & Linn Counties Consolidated School District No. 509J & 509A, GO (Insured; School Board Guaranty) Ser. A

 

5.00

 

6/15/2022

 

1,745,000

 

1,833,796

 

Benton & Linn Counties Consolidated School District No. 509J & 509A, GO (Insured; School Board Guaranty) Ser. A

 

5.00

 

6/15/2021

 

1,800,000

 

1,803,196

 

Oregon Business Development Commission, Revenue Bonds, Refunding (RED Rock Biofuels) Ser. 248A

 

6.50

 

4/1/2031

 

2,000,000

a,f 

430,000

 

Oregon Business Development Commission, Revenue Bonds, Refunding (RED Rock Biofuels) Ser. 248D

 

6.50

 

4/1/2031

 

2,000,000

a,f 

430,000

 

Oregon Business Development Commission, Revenue Bonds, Refunding (RED Rock Biofuels) Ser. 248F

 

11.50

 

4/1/2031

 

1,000,000

f 

215,000

 

Salem-Keizer School District No. 24J, GO (Insured; School Board Guaranty) Ser. B

 

5.00

 

6/15/2035

 

2,425,000

g 

3,188,787

 

Salem-Keizer School District No. 24J, GO (Insured; School Board Guaranty) Ser. B

 

5.00

 

6/15/2032

 

2,700,000

g 

3,589,848

 

Salem-Keizer School District No. 24J, GO (Insured; School Board Guaranty) Ser. B

 

5.00

 

6/15/2031

 

2,500,000

g 

3,333,751

 

Salem-Keizer School District No. 24J, GO (Insured; School Board Guaranty) Ser. B

 

5.00

 

6/15/2034

 

3,000,000

g 

3,951,774

 

Salem-Keizer School District No. 24J, GO (Insured; School Board Guaranty) Ser. B

 

5.00

 

6/15/2033

 

2,200,000

g 

2,915,476

 

Warm Springs Reservation Confederated Tribe, Revenue Bonds, Refunding (Green Bond) Ser. B

 

5.00

 

11/1/2039

 

700,000

a 

830,591

 

Warm Springs Reservation Confederated Tribe, Revenue Bonds, Refunding (Green Bond) Ser. B

 

5.00

 

11/1/2036

 

700,000

a 

836,063

 
 

24,962,295

 

Pennsylvania - 1.2%

     

Allegheny County Industrial Development Authority, Revenue Bonds, Refunding (United States Steel Corp.)

 

4.88

 

11/1/2024

 

2,000,000

 

2,185,339

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Pennsylvania - 1.2% (continued)

     

Allegheny County Industrial Development Authority, Revenue Bonds, Refunding (United States Steel Corp.)

 

5.13

 

5/1/2030

 

1,750,000

 

2,113,438

 

Commonwealth Financing Authority, Revenue Bonds

 

5.00

 

6/1/2035

 

3,500,000

 

4,291,128

 

Commonwealth Financing Authority, Revenue Bonds

 

5.00

 

6/1/2034

 

4,000,000

 

4,910,790

 

Geisinger Authority, Revenue Bonds, Refunding (Geisinger Health System Obligated Group)

 

4.00

 

4/1/2050

 

4,070,000

 

4,743,159

 

Geisinger Authority, Revenue Bonds, Refunding (Geisinger Health System Obligated Group)

 

4.00

 

4/1/2039

 

1,500,000

 

1,782,785

 

Geisinger Authority, Revenue Bonds, Refunding (Geisinger Health System Obligated Group)

 

5.00

 

4/1/2050

 

3,000,000

 

3,780,030

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

4.00

 

3/1/2051

 

700,000

 

762,274

 

Latrobe Industrial Development Authority, Revenue Bonds, Refunding (Seton Hill University)

 

4.00

 

3/1/2046

 

685,000

 

749,066

 

Montgomery County Higher Education & Health Authority, Revenue Bonds, Refunding (Thomas Jefferson University Project)

 

4.00

 

9/1/2044

 

1,750,000

 

2,015,301

 

Pennsylvania Economic Development Financing Authority, Revenue Bonds, Refunding (Tapestry Moon Senior Housing Project)

 

6.50

 

12/1/2038

 

3,000,000

a 

1,770,000

 

Pennsylvania Turnpike Commission, Revenue Bonds, Ser. A

 

3.00

 

12/1/2042

 

2,000,000

 

2,147,917

 
 

31,251,227

 

Rhode Island - .4%

     

Rhode Island Health & Educational Building Corp., Revenue Bonds

 

5.25

 

8/15/2043

 

1,000,000

 

1,239,280

 

Rhode Island Health & Educational Building Corp., Revenue Bonds, Refunding (Providence College)

 

5.00

 

11/1/2045

 

7,000,000

 

8,118,263

 
 

9,357,543

 

South Carolina - .1%

     

South Carolina Public Service Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2036

 

2,000,000

 

2,388,722

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Tennessee - .6%

     

Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA)

 

0.04

 

11/1/2035

 

8,025,000

e 

8,025,000

 

Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA)

 

0.04

 

2/1/2038

 

225,000

e 

225,000

 

Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA)

 

0.04

 

1/1/2033

 

700,000

e 

700,000

 

Clarksville Public Building Authority, Revenue Bonds (LOC; Bank of America NA)

 

0.04

 

7/1/2034

 

700,000

e 

700,000

 

Memphis-Shelby County Industrial Development Board, Tax Allocation Bonds, Refunding (Senior Tax Increment-Graceland Project) Ser. A

 

4.75

 

7/1/2027

 

740,000

 

742,217

 

Memphis-Shelby County Industrial Development Board, Tax Allocation Bonds, Refunding (Senior Tax Increment-Graceland Project) Ser. A

 

5.50

 

7/1/2037

 

1,100,000

 

1,110,656

 

Memphis-Shelby County Industrial Development Board, Tax Allocation Bonds, Refunding (Senior Tax Increment-Graceland Project) Ser. A

 

5.63

 

1/1/2046

 

750,000

 

758,281

 

Montgomery County, Revenue Bonds (LOC; Bank of America NA)

 

0.04

 

4/1/2032

 

400,000

e 

400,000

 

Montgomery County Public Building Authority, Revenue Bonds (LOC; Bank of America NA)

 

0.04

 

2/1/2036

 

1,500,000

e 

1,500,000

 

Montgomery County Public Building Authority, Revenue Bonds (LOC; Bank of America NA)

 

0.04

 

7/1/2034

 

700,000

e 

700,000

 
 

14,861,154

 

Texas - 9.6%

     

Arlington Higher Education Finance Corp., Revenue Bonds, Refunding (Uplift Education) Ser. A

 

5.00

 

12/1/2046

 

1,100,000

 

1,248,779

 

Arlington Higher Education Finance Corp., Revenue Bonds, Refunding (Uplift Education) Ser. A

 

5.00

 

12/1/2036

 

1,315,000

 

1,512,557

 

Arlington Higher Education Finance Corp., Revenue Bonds, Refunding, Ser. A

 

4.00

 

8/15/2046

 

860,000

 

911,850

 

Arlington Higher Education Finance Corp., Revenue Bonds, Refunding, Ser. A

 

4.00

 

8/15/2041

 

610,000

 

650,441

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Texas - 9.6% (continued)

     

Arlington Higher Education Finance Corp., Revenue Bonds, Refunding, Ser. A

 

4.00

 

8/15/2036

 

330,000

 

355,585

 

Arlington Higher Education Finance Corp., Revenue Bonds, Ser. A

 

5.00

 

8/15/2053

 

925,000

 

1,011,966

 

Arlington Higher Education Finance Corp., Revenue Bonds, Ser. A

 

5.00

 

8/15/2048

 

1,900,000

 

2,084,216

 

Arlington Higher Education Finance Corp., Revenue Bonds, Ser. A

 

5.00

 

8/15/2038

 

1,000,000

 

1,114,184

 

Austin Airport System, Revenue Bonds, Ser. A

 

5.00

 

11/15/2046

 

13,120,000

 

15,881,603

 

Bexar County Health Facilities Development Corp., Revenue Bonds, Refunding (Army Retirement Residence Foundation Project)

 

5.00

 

7/15/2041

 

1,750,000

 

1,914,898

 

Central Texas Regional Mobility Authority, Revenue Bonds, Refunding

 

5.00

 

1/1/2046

 

1,500,000

 

1,744,611

 

Central Texas Regional Mobility Authority, Revenue Bonds, Ser. A

 

5.00

 

1/1/2040

 

7,300,000

 

8,382,064

 

Central Texas Regional Mobility Authority, Revenue Bonds, Ser. B

 

4.00

 

1/1/2051

 

4,255,000

 

4,993,111

 

Central Texas Regional Mobility Authority, Revenue Bonds, Ser. E

 

5.00

 

1/1/2045

 

1,250,000

 

1,565,839

 

Central Texas Turnpike System, Revenue Bonds, Refunding, Ser. A

 

5.00

 

8/15/2022

 

6,000,000

c 

6,354,059

 

Central Texas Turnpike System, Revenue Bonds, Refunding, Ser. B

 

5.00

 

8/15/2037

 

16,235,000

 

18,212,019

 

Clifton Higher Education Finance Corp., Revenue Bonds (IDEA Public Schools)

 

5.00

 

8/15/2032

 

2,745,000

 

2,852,699

 

Clifton Higher Education Finance Corp., Revenue Bonds (IDEA Public Schools)

 

6.00

 

8/15/2043

 

2,770,000

 

3,019,736

 

Clifton Higher Education Finance Corp., Revenue Bonds (IDEA Public Schools)

 

6.00

 

8/15/2033

 

1,500,000

 

1,646,316

 

Clifton Higher Education Finance Corp., Revenue Bonds (IDEA Public Schools)

 

5.50

 

8/15/2021

 

1,250,000

c 

1,263,524

 

Clifton Higher Education Finance Corp., Revenue Bonds (IDEA Public Schools)

 

5.75

 

8/15/2021

 

1,000,000

c 

1,011,326

 

Clifton Higher Education Finance Corp., Revenue Bonds (Uplift Education) Ser. A

 

5.00

 

12/1/2045

 

3,855,000

 

4,242,885

 

Clifton Higher Education Finance Corp., Revenue Bonds, Ser. D

 

6.13

 

8/15/2048

 

18,000,000

 

20,914,934

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Texas - 9.6% (continued)

     

Dallas Fort Worth International Airport, Revenue Bonds, Refunding

 

4.00

 

11/1/2034

 

6,500,000

 

7,971,190

 

Dallas Fort Worth International Airport, Revenue Bonds, Refunding

 

4.00

 

11/1/2045

 

2,000,000

 

2,370,515

 

Dallas Fort Worth International Airport, Revenue Bonds, Refunding

 

4.00

 

11/1/2035

 

5,000,000

 

6,117,637

 

Dallas Fort Worth International Airport, Revenue Bonds, Refunding, Ser. C

 

2.92

 

11/1/2050

 

3,000,000

 

2,959,535

 

Dallas Fort Worth International Airport, Revenue Bonds, Ser. H

 

5.00

 

11/1/2021

 

7,500,000

c 

7,650,121

 

Danbury Higher Education Authority, Revenue Bonds, Ser. A

 

4.00

 

8/15/2049

 

5,000,000

 

5,073,770

 

Danbury Higher Education Authority, Revenue Bonds, Ser. A

 

5.13

 

8/15/2049

 

2,240,000

 

2,309,380

 

Grand Parkway Transportation Corp., Revenue Bonds, Refunding

 

4.00

 

10/1/2049

 

5,000,000

 

5,856,973

 

Grand Parkway Transportation Corp., Revenue Bonds, Ser. A

 

5.00

 

10/1/2043

 

5,000,000

 

6,227,913

 

Grand Parkway Transportation Corp., Revenue Bonds, Ser. A

 

5.50

 

10/1/2023

 

4,500,000

c 

5,062,135

 

Grand Parkway Transportation Corp., Revenue Bonds, Ser. B

 

5.20

 

10/1/2031

 

2,000,000

g 

2,317,651

 

Grand Parkway Transportation Corp., Revenue Bonds, Ser. B

 

5.40

 

10/1/2033

 

2,500,000

g 

2,904,259

 

Grand Parkway Transportation Corp., Revenue Bonds, Ser. B

 

5.45

 

10/1/2034

 

2,235,000

g 

2,595,634

 

Houston Airport System, Revenue Bonds, Refunding (United Airlines)

 

5.00

 

7/15/2027

 

1,000,000

 

1,188,845

 

Houston Airport System, Revenue Bonds, Refunding (United Airlines) Ser. A

 

5.00

 

7/1/2027

 

1,000,000

 

1,188,037

 

Houston Airport System, Revenue Bonds, Refunding (United Airlines) Ser. C

 

5.00

 

7/15/2027

 

1,000,000

 

1,188,845

 

Mission Economic Development Corp., Revenue Bonds, Refunding (Natgasoline Project)

 

4.63

 

10/1/2031

 

3,250,000

a 

3,445,778

 

Newark Higher Education Finance Corp., Revenue Bonds (A+ Charter Schools) Ser. A

 

5.50

 

8/15/2035

 

750,000

a 

856,807

 

Newark Higher Education Finance Corp., Revenue Bonds (A+ Charter Schools) Ser. A

 

5.75

 

8/15/2045

 

1,000,000

a 

1,138,542

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Texas - 9.6% (continued)

     

North Texas Tollway Authority, Revenue Bonds, Refunding

 

5.00

 

1/1/2036

 

2,800,000

 

3,447,937

 

North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. A

 

4.00

 

1/2/2038

 

5,000,000

 

5,895,933

 

North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B

 

3.00

 

1/1/2046

 

5,000,000

 

5,348,586

 

North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B

 

3.00

 

1/1/2051

 

4,000,000

 

4,253,271

 

North Texas Tollway Authority, Revenue Bonds, Refunding, Ser. B

 

4.00

 

1/1/2041

 

2,000,000

 

2,416,594

 

Port Beaumont Navigation District, Revenue Bonds, Refunding, Ser. A

 

3.63

 

1/1/2035

 

1,500,000

a 

1,553,999

 

Port Beaumont Navigation District, Revenue Bonds, Refunding, Ser. A

 

4.00

 

1/1/2050

 

1,500,000

a 

1,554,368

 

Pottsboro Higher Education Finance Corp., Revenue Bonds, Ser. A

 

5.00

 

8/15/2046

 

1,000,000

 

1,090,601

 

San Antonio Independent School District, GO, Refunding (Insured; Permanent School Fund Guarantee Program) Ser. B

 

5.00

 

8/1/2044

 

7,140,000

 

8,258,374

 

Tarrant County Cultural Education Facilities Finance Corp., Revenue Bonds, Refunding (Methodist Hospitals of Dallas Obligated Group) (LOC; TD Bank NA) Ser. B

 

0.02

 

10/1/2041

 

500,000

e 

500,000

 

Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding

 

5.00

 

12/15/2030

 

2,000,000

 

2,623,258

 

Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding

 

5.00

 

12/15/2031

 

1,700,000

 

2,254,071

 

Texas Municipal Gas Acquisition & Supply Corp. III, Revenue Bonds, Refunding

 

5.00

 

12/15/2032

 

1,500,000

 

2,021,518

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (Blueridge Transportation Group)

 

5.00

 

12/31/2045

 

1,000,000

 

1,131,174

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (NTE Mobility Partners Segments 3)

 

6.75

 

6/30/2043

 

5,000,000

 

5,676,843

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds (NTE Mobility Partners Segments 3)

 

7.00

 

12/31/2038

 

10,000,000

 

11,416,616

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Texas - 9.6% (continued)

     

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

6/30/2039

 

1,500,000

 

1,776,177

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

12/31/2039

 

1,600,000

 

1,892,797

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

6/30/2040

 

1,500,000

 

1,771,232

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

6/30/2037

 

1,250,000

 

1,490,356

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

6/30/2036

 

3,100,000

 

3,707,924

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

12/31/2037

 

1,250,000

 

1,488,426

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

12/31/2038

 

2,000,000

 

2,373,207

 

Texas Private Activity Bond Surface Transportation Corp., Revenue Bonds, Refunding (LBJ Infrastructure Group)

 

4.00

 

6/30/2038

 

2,000,000

 

2,376,436

 

Texas Transportation Commission, Revenue Bonds

 

5.00

 

8/1/2057

 

2,000,000

 

2,341,228

 
 

249,973,695

 

U.S. Related - 4.3%

     

Antonio B Won Pat International Airport Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C

 

6.00

 

10/1/2034

 

2,000,000

 

2,186,939

 

Antonio B Won Pat International Airport Authority, Revenue Bonds, Refunding (Insured; Assured Guaranty Municipal Corp.) Ser. C

 

6.13

 

10/1/2043

 

2,000,000

 

2,192,692

 

Antonio B Won Pat International Airport Authority, Revenue Bonds, Refunding, Ser. C

 

6.25

 

10/1/2034

 

1,000,000

 

1,085,040

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

U.S. Related - 4.3% (continued)

     

Antonio B Won Pat International Airport Authority, Revenue Bonds, Refunding, Ser. C

 

6.38

 

10/1/2043

 

1,000,000

 

1,081,503

 

Guam, Revenue Bonds, Refunding, Ser. A

 

5.00

 

12/1/2046

 

1,500,000

 

1,717,861

 

Guam, Revenue Bonds, Refunding, Ser. F

 

4.00

 

1/1/2036

 

1,750,000

 

2,034,547

 

Guam, Revenue Bonds, Refunding, Ser. F

 

4.00

 

1/1/2042

 

2,250,000

 

2,565,115

 

Guam Government Waterworks Authority, Revenue Bonds, Ser. A

 

5.00

 

1/1/2050

 

2,000,000

 

2,442,474

 

Puerto Rico, GO, Refunding, Ser. A

 

5.00

 

7/1/2041

 

2,500,000

f 

2,012,500

 

Puerto Rico, GO, Refunding, Ser. A

 

8.00

 

7/1/2035

 

10,000,000

f 

8,075,000

 

Puerto Rico, GO, Ser. A

 

5.00

 

7/1/2027

 

2,555,000

f 

2,293,113

 

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2047

 

7,500,000

a 

8,802,769

 

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2030

 

15,000,000

a 

18,211,650

 

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Refunding, Ser. A

 

5.00

 

7/1/2035

 

5,000,000

a 

5,957,494

 

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Ser. A

 

5.25

 

7/1/2042

 

2,000,000

 

2,116,720

 

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Revenue Bonds, Ser. A

 

5.75

 

7/1/2037

 

2,500,000

 

2,660,758

 

Puerto Rico Electric Power Authority, Revenue Bonds, Refunding (Insured; National Public Finance Guarantee Corp.) Ser. SS

 

5.00

 

7/1/2021

 

500,000

 

503,580

 

Puerto Rico Electric Power Authority, Revenue Bonds, Refunding, Ser. DDD

 

5.00

 

7/1/2022

 

2,000,000

f 

1,832,500

 

Puerto Rico Electric Power Authority, Revenue Bonds, Ser. A

 

6.75

 

7/1/2036

 

10,000,000

f 

9,425,000

 

Puerto Rico GDB Debt Recovery Authority, Revenue Bonds

 

7.50

 

8/20/2040

 

5,200,940

 

4,589,830

 

Puerto Rico Highway & Transportation Authority, Revenue Bonds, Refunding, Ser. M

 

5.00

 

7/1/2032

 

220,000

f 

112,475

 

Puerto Rico Highway & Transportation Authority, Revenue Bonds, Refunding, Ser. M

 

5.00

 

7/1/2025

 

110,000

f 

56,238

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

U.S. Related - 4.3% (continued)

     

Puerto Rico Highway & Transportation Authority, Revenue Bonds, Ser. G

 

5.00

 

7/1/2042

 

120,000

f 

61,350

 

Puerto Rico Highway & Transportation Authority, Revenue Bonds, Ser. K

 

5.00

 

7/1/2030

 

120,000

f 

61,350

 

Puerto Rico Infrastructure Financing Authority, Revenue Bonds, Ser. B

 

5.00

 

7/1/2021

 

500,000

f 

130,000

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

0.00

 

7/1/2031

 

498,000

b 

392,594

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

0.00

 

7/1/2029

 

387,000

b 

329,770

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

0.00

 

7/1/2033

 

561,000

b 

409,737

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

0.00

 

7/1/2051

 

4,348,000

b 

1,028,229

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

0.00

 

7/1/2046

 

5,338,000

b 

1,737,893

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

0.00

 

7/1/2027

 

397,000

b 

356,816

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

0.00

 

7/1/2024

 

207,000

b 

197,191

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

4.50

 

7/1/2034

 

4,311,000

 

4,745,493

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

4.55

 

7/1/2040

 

208,000

 

233,731

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

4.75

 

7/1/2053

 

1,526,000

 

1,715,474

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A1

 

5.00

 

7/1/2058

 

8,783,000

 

10,019,694

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A2

 

4.33

 

7/1/2040

 

2,112,000

 

2,343,321

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A2

 

4.54

 

7/1/2053

 

63,000

 

69,877

 

Puerto Rico Sales Tax Financing Corp., Revenue Bonds, Ser. A2

 

4.78

 

7/1/2058

 

847,000

 

951,690

 

Virgin Islands Public Finance Authority, Revenue Bonds, Ser. A

 

5.00

 

10/1/2029

 

2,250,000

 

2,161,086

 

Virgin Islands Public Finance Authority, Revenue Bonds, Ser. A

 

5.00

 

10/1/2034

 

1,500,000

 

1,408,254

 

Virgin Islands Public Finance Authority, Revenue Bonds, Ser. A

 

6.75

 

10/1/2037

 

1,250,000

 

1,259,805

 
 

111,569,153

 

Utah - .5%

     

Mida Mountain Village Public Infrastructure District, Special Assesment Bonds (Mountain Village Assignment Area #2)

 

4.00

 

8/1/2050

 

2,000,000

a 

2,089,295

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Utah - .5% (continued)

     

Utah Charter School Finance Authority, Revenue Bonds, Refunding (Summit Academy) Ser. A

 

5.00

 

4/15/2044

 

625,000

 

747,063

 

Utah Charter School Finance Authority, Revenue Bonds, Refunding (Summit Academy) Ser. A

 

5.00

 

4/15/2049

 

1,150,000

 

1,366,271

 

Utah County, Revenue Bonds (IHC Health Services Inc Obligated Group) Ser. A

 

4.00

 

5/15/2043

 

2,750,000

 

3,276,237

 

Utah County, Revenue Bonds (IHC Health Services Inc Obligated Group) Ser. A

 

5.00

 

5/15/2043

 

2,000,000

 

2,577,036

 

Utah County, Revenue Bonds (IHC Health Services Inc Obligated Group) Ser. A

 

5.00

 

5/15/2050

 

3,000,000

 

3,815,064

 
 

13,870,966

 

Virginia - 2.8%

     

Arlington County Industrial Development Authority, Revenue Bonds, Refunding (Virginia Hospital Center)

 

4.00

 

7/1/2045

 

5,000,000

 

5,898,333

 

Chesapeake Expressway, Revenue Bonds, Refunding, Ser. B

 

4.88

 

7/15/2040

 

2,000,000

g 

2,183,406

 

Richmond Public Utility, Revenue Bonds, Ser. A

 

4.00

 

1/15/2050

 

3,000,000

 

3,556,726

 

Roanoke County Economic Development Authority, Revenue Bonds, Refunding (Richfield Living Obligated Group) Ser. A

 

5.25

 

9/1/2049

 

10,000,000

 

10,065,676

 

University of Virginia, Revenue Bonds, Refunding, Ser. A1

 

4.00

 

4/1/2045

 

3,950,000

 

4,371,311

 

Virginia Small Business Financing Authority, Revenue Bonds (95 Express Lanes Project)

 

5.00

 

1/1/2040

 

7,510,000

 

7,707,869

 

Virginia Small Business Financing Authority, Revenue Bonds (95 Express Lanes Project)

 

5.00

 

1/1/2040

 

12,395,000

 

12,721,576

 

Virginia Small Business Financing Authority, Revenue Bonds (Elizabeth River Crossing Opco Project)

 

5.25

 

1/1/2032

 

4,000,000

 

4,198,674

 

Virginia Small Business Financing Authority, Revenue Bonds (Elizabeth River Crossing Opco Project)

 

6.00

 

1/1/2037

 

1,665,000

 

1,762,058

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Virginia - 2.8% (continued)

     

Virginia Small Business Financing Authority, Revenue Bonds (Transform 66 P3 Project)

 

5.00

 

12/31/2049

 

4,500,000

 

5,423,204

 

Virginia Small Business Financing Authority, Revenue Bonds (Transform 66 P3 Project)

 

5.00

 

12/31/2056

 

4,000,000

 

4,800,014

 

Virginia Small Business Financing Authority, Revenue Bonds, Refunding (National Senior Campuses Inc Obligated Group) Ser. A

 

4.00

 

1/1/2045

 

3,000,000

 

3,333,773

 

Virginia Small Business Financing Authority, Revenue Bonds, Refunding (National Senior Campuses Inc Obligated Group) Ser. A

 

4.00

 

1/1/2040

 

3,000,000

 

3,369,531

 

Virginia Small Business Financing Authority, Revenue Bonds, Refunding (National Senior Campuses Inc Obligated Group) Ser. A

 

4.00

 

1/1/2051

 

2,750,000

 

3,037,175

 

Virginia Small Business Financing Authority, Revenue Bonds, Refunding (Virginia State University Real Estate Foundation) (LOC; Bank of America NA)

 

0.03

 

7/1/2030

 

100,000

e 

100,000

 
 

72,529,326

 

Washington - .7%

     

Washington, GO, Refunding, Ser. R-2021A

 

5.00

 

6/1/2035

 

1,250,000

 

1,652,012

 

Washington, GO, Refunding, Ser. R-2021A

 

5.00

 

6/1/2034

 

1,250,000

 

1,654,805

 

Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Fred Hutchinson Cancer Research Center) Ser. C, 1 Month MUNIPSA +1.05%

 

1.10

 

7/3/2023

 

7,965,000

d 

8,026,260

 

Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group)

 

4.00

 

12/1/2040

 

1,000,000

a 

1,192,372

 

Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group)

 

4.00

 

12/1/2045

 

1,200,000

a 

1,406,878

 

Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group)

 

4.00

 

12/1/2048

 

1,000,000

a 

1,163,794

 

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Washington - .7% (continued)

     

Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group)

 

4.00

 

9/1/2050

 

1,000,000

 

1,157,349

 

Washington Health Care Facilities Authority, Revenue Bonds, Refunding (Seattle Cancer Care Alliance Obligated Group)

 

5.00

 

9/1/2050

 

1,500,000

 

1,897,367

 
 

18,150,837

 

West Virginia - .7%

     

West Virginia, GO, Ser. B

 

5.00

 

6/1/2041

 

10,000,000

 

12,553,908

 

West Virginia Economic Development Authority, Revenue Bonds (Arch Resources)

 

5.00

 

7/1/2025

 

1,000,000

 

1,058,329

 

West Virginia Hospital Finance Authority, Revenue Bonds, Refunding (Charleston Area Medical Center Obligated Group)

 

5.00

 

9/1/2039

 

1,450,000

 

1,771,318

 

West Virginia Hospital Finance Authority, Revenue Bonds, Refunding (Charleston Area Medical Center Obligated Group)

 

5.00

 

9/1/2038

 

1,500,000

 

1,836,327

 
 

17,219,882

 

Wisconsin - 1.3%

     

Public Finance Authority, Revenue Bonds (Maryland Proton Treatment Center) Ser. A1

 

6.38

 

1/1/2048

 

2,500,000

a 

2,099,272

 

Public Finance Authority, Revenue Bonds (Nevada State College)

 

5.00

 

5/1/2055

 

5,000,000

a 

4,477,001

 

Public Finance Authority, Revenue Bonds (Piedmont Community Charter School)

 

5.00

 

6/15/2049

 

3,440,000

 

4,002,911

 

Public Finance Authority, Revenue Bonds (Piedmont Community Charter School)

 

5.00

 

6/15/2053

 

1,000,000

 

1,156,824

 

Public Finance Authority, Revenue Bonds, Refunding (Friends Homes Obligated Group)

 

5.00

 

9/1/2039

 

2,230,000

a 

2,551,649

 

Public Finance Authority, Revenue Bonds, Refunding (Renown Regional Medical Center)

 

4.00

 

6/1/2045

 

6,515,000

 

7,611,719

 

Wisconsin, GO, Refunding, Ser. 2021-2

 

5.00

 

5/1/2031

 

1,500,000

 

2,000,442

 

Wisconsin Center District, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

0.00

 

12/15/2046

 

3,990,000

b 

1,646,742

 

Wisconsin Center District, Revenue Bonds (Insured; Assured Guaranty Municipal Corp.) Ser. A

 

0.00

 

12/15/2044

 

8,735,000

b 

3,912,067

 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

          
 

Description

Coupon
Rate (%)

 

Maturity Date

 

Principal Amount ($)

 

Value ($)

 

Long-Term Municipal Investments - 102.4% (continued)

     

Wisconsin - 1.3% (continued)

     

Wisconsin Health & Educational Facilities Authority, Revenue Bonds, Refunding (Marshfield Clinic Health System Obligated Group) Ser. C

 

5.00

 

2/15/2047

 

4,500,000

 

5,207,022

 
 

34,665,649

 

Total Long-Term Municipal Investments
(cost $2,470,670,694)

 

2,674,355,052

 

Total Investments (cost $2,500,670,694)

 

103.6%

2,704,162,979

 

Liabilities, Less Cash and Receivables

 

(3.6%)

(92,967,773)

 

Net Assets

 

100.0%

2,611,195,206

 

GO—General Obligation

LIBOR—London Interbank Offered Rate

MUNIPSA—Securities Industry and Financial Markets Association Municipal Swap Index Yield

a 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 $254,907,921 or 9.76% of net assets.

b Security issued with a zero coupon. Income is recognized through the accretion of discount.

c 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.

d 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.

e 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.

f Non-income producing—security in default.

g Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.

STATEMENT OF FINANCIAL FUTURES
BNY Mellon Municipal Opportunities Fund

May 31, 2021 (Unaudited)

       

Description

Number of
Contracts

Expiration

Notional
Value ($)

Market
Value ($)

Unrealized Appreciation ($)

 

Futures Short

  

U.S. Treasury 10 Year Notes

50

9/21/2021

6,599,741

6,596,875

2,866

 

U.S. Treasury Long Bond

100

9/21/2021

15,692,778

15,653,125

39,653

 

U.S. Treasury Ultra Long Bond

950

9/21/2021

176,345,004

175,987,500

357,504

 

Ultra 10 Year U.S. Treasury Notes

300

9/21/2021

43,508,802

43,485,939

22,863

 

Gross Unrealized Appreciation

 

422,886

 

See notes to financial statements.

STATEMENT OF INVESTMENTS
BNY Mellon Municipal Opportunities 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: †

    

Corporate Bonds

-

29,807,927

-

29,807,927

Municipal Securities

-

2,674,355,052

-

2,674,355,052

Other Financial Instruments:

    

Futures††

422,886

-

-

422,886

† See Statement of Investments for additional detailed categorizations, if any

†† Amount shown represents unrealized appreciation at period end. 

     

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.

Options and financial futures on municipal and U.S. Treasury securities are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on each business day and are generally categorized within Level 1 of the fair value hierarchy.

Derivatives: A derivative is a financial instrument whose performance is derived from the performance of another asset. Each type of derivative instrument that was held by the fund at May 31, 2021 is discussed below.

Futures: In the normal course of pursuing its investment objective, the fund is exposed to market risk, including interest rate risk as a result of changes in value of underlying financial instruments. The fund invests in futures in order to manage its exposure to or protect against changes in the market. A futures contract represents a commitment for the future purchase or a sale of an asset at a specified date. Upon entering into such contracts, these investments require initial margin deposits with a counterparty, which consist of cash or cash equivalents. The amount of these deposits is determined by the exchange or Board of Trade on which the contract is traded and is subject to change. Accordingly, variation margin payments are received or made to reflect daily unrealized gains or losses which are recorded in the Statement of Operations. When the contracts are closed, the fund recognizes a realized gain or loss which is reflected in the Statement

of Operations. There is minimal counterparty credit risk to the fund with futures since they are exchange traded, and the exchange guarantees the futures against default.

At May 31, 2021, accumulated net unrealized appreciation on investments was $203,492,285, consisting of $215,683,734 gross unrealized appreciation and $12,191,449 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.