Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—98.1%
|
|
|
|
Alabama—3.2%
|
|
$1,500,000
|
|
Alabama State Corrections Institution Finance Authority (Alabama State), Revenue Bonds
(Series 2022A), 5.250%, 7/1/2052
|
$ 1,623,821
|
1,500,000
|
|
Energy Southeast, AL, Energy Supply Revenue Bonds (Series 2023A-1), (Morgan Stanley
GTD), 5.500%, Mandatory
Tender 1/1/2031
|
1,631,116
|
1,500,000
|
|
Jefferson County, AL (Jefferson County, AL Sewer System), Sewer Revenue Warrants (Series
2024), 5.250%, 10/1/2049
|
1,610,986
|
2,500,000
|
|
Lower Alabama Gas District, Gas Project Revenue Bonds (Series 2016A), (Goldman Sachs
Group, Inc. GTD), 5.000%, 9/1/2046
|
2,709,148
|
|
|
TOTAL
|
7,575,071
|
|
|
Arizona—2.1%
|
|
500,000
|
|
Arizona State IDA (Basis Schools, Inc. Obligated Group), Education Revenue Bonds (Series
2017F), (School District Credit
Program GTD), 5.000%, 7/1/2052
|
506,682
|
585,000
|
1
|
Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2036
|
589,297
|
1,000,000
|
|
Phoenix, AZ Civic Improvement Corp. - Wastewater System, Junior Lien Wastewater System
Revenue Bonds (Series 2023),
5.250%, 7/1/2047
|
1,128,828
|
2,000,000
|
|
Phoenix, AZ IDA (GreatHearts Academies), Education Facility Revenue Bonds (Series
2014A), 5.000%, 7/1/2034
|
2,003,680
|
625,000
|
1
|
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series
2022A), 6.750%, 11/15/2042
|
672,949
|
|
|
TOTAL
|
4,901,436
|
|
|
California—5.9%
|
|
2,300,000
|
|
California Infrastructure & Economic Development Bank (Equitable School Revolving
Fund), Senior National Charter School
Revolving Loan Fund Revenue Bonds (Series 2022B), 5.000%, 11/1/2057
|
2,419,508
|
165,000
|
1
|
California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living
Revenue Refunding Bonds (Series 2021A),
5.000%, 11/15/2056
|
137,188
|
600,000
|
1
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2014A), 5.000%, 7/1/2034
|
601,804
|
250,000
|
1
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2014A), 5.125%, 7/1/2044
|
250,309
|
1,000,000
|
1
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2015A), 5.000%, 7/1/2035
|
1,013,371
|
600,000
|
|
California State, Various Purpose UT GO Bonds, 5.250%, 9/1/2047
|
685,080
|
1,110,000
|
|
Chula Vista, CA Municipal Finance Authority, Special Tax Revenue Refunding Bonds (Series
2013), 5.500%, 9/1/2028
|
1,112,275
|
1,060,000
|
|
Golden State Tobacco Securitization Corp., CA, Tobacco Settlement Asset-Backed Bonds
(Series 2022), 5.000%, 6/1/2051
|
1,111,897
|
165,000
|
|
Irvine, CA (Irvine, CA Reassessment District No. 13-1), Limited Obligation Improvement
Bonds, 5.000%, 9/2/2028
|
166,828
|
1,400,000
|
|
Los Angeles, CA Department of Water & Power (Los Angeles, CA Department of Water &
Power (Electric/Power System)),
Power System Revenue Bonds (Series 2022C), 5.000%, 7/1/2043
|
1,580,800
|
1,500,000
|
|
M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Citigroup, Inc. GTD),
7.000%, 11/1/2034
|
1,902,382
|
1,130,000
|
|
M-S-R Energy Authority, CA, Gas Revenue Bonds (Series 2009A), (Original Issue Yield:
6.375%), (Citigroup, Inc. GTD),
6.125%, 11/1/2029
|
1,213,900
|
1,500,000
|
|
San Francisco, CA City & County Airport Commission, Second Series Revenue Bonds (Series
2019F), 5.000%, 5/1/2050
|
1,599,675
|
|
|
TOTAL
|
13,795,017
|
|
|
Colorado—3.3%
|
|
500,000
|
|
Colorado Educational & Cultural Facilities Authority (University Lab School), Charter
School Refunding & Improvement
Revenue Bonds (Series 2015), 5.000%, 12/15/2035
|
505,996
|
2,000,000
|
|
Colorado Health Facilities Authority (Adventist Health System), Hospital Revenue Bonds
(Series 2018B), 4.000%, 11/15/2048
|
1,908,676
|
800,000
|
|
Colorado Health Facilities Authority (CommonSpirit Health), Revenue Bonds (Series
2022), 5.500%, 11/1/2047
|
872,782
|
1,805,000
|
|
Colorado High Performance Transportation Enterprise, C-470 Express Lanes Senior Revenue
Bonds (Series 2017),
5.000%, 12/31/2056
|
1,808,633
|
2,480,000
|
|
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds (Series 2008),
(Original Issue Yield: 6.630%), (Bank
of America Corp. GTD), 6.250%, 11/15/2028
|
2,630,096
|
|
|
TOTAL
|
7,726,183
|
|
|
Connecticut—1.1%
|
|
1,755,000
|
|
Connecticut State (Connecticut State Special Transportation Fund), Special Tax Obligation
Bonds Transportation Infrastructure
Purpose (Series 2018B), 5.000%, 10/1/2037
|
1,893,628
|
750,000
|
|
Connecticut State, UT GO Bonds (Series 2024B), 4.000%, 1/15/2043
|
759,396
|
|
|
TOTAL
|
2,653,024
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
District of Columbia—0.2%
|
|
$ 500,000
|
|
District of Columbia (Friendship Public Charter School, Inc.), Revenue Bonds (Series
2016A), 5.000%, 6/1/2041
|
$ 497,895
|
|
|
Florida—3.3%
|
|
1,000,000
|
|
Atlantic Beach, FL Health Care Facilities (Fleet Landing Project, FL), Revenue & Refunding
Bonds (Series 2013A),
5.000%, 11/15/2028
|
1,000,317
|
1,465,000
|
|
Central Florida Expressway Authority, Senior Lien Revenue Bonds (Series 2019B), 5.000%,
7/1/2044
|
1,546,800
|
596,555
|
1,2,3
|
Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds
(Series 2013A), (Original Issue Yield:
8.250%), 8.125%, 5/15/2044
|
16,107
|
1,000,000
|
|
Florida Development Finance Corp. (Tampa General Hospital), Healthcare Facilities
Revenue Bonds (Series 2024A),
5.250%, 8/1/2049
|
1,065,237
|
500,000
|
|
Lakewood Ranch Stewardship District, FL (Taylor Ranch), Special Assessment Revenue
Bonds (Series 2023), 6.125%, 5/1/2043
|
525,693
|
500,000
|
|
Lee County, FL IDA (Cypress Cove at Healthpark), Healthcare Facilities Revenue Bonds
TEMPS-80 (Series 2022B-1), 3.750%,
10/1/2027
|
481,972
|
1,500,000
|
|
Miami-Dade County, FL (Miami-Dade County, FL Transit System), Sales Surtax Revenue
Bonds (Series 2020A),
4.000%, 7/1/2050
|
1,446,777
|
500,000
|
|
Midtown Miami, FL CDD, Special Assessment & Revenue Refunding Bonds (Series 2014A),
5.000%, 5/1/2029
|
500,117
|
900,000
|
|
Rivers Edge II CDD, Capital Improvement Revenue Bonds (Series 2021), 4.000%, 5/1/2051
|
729,854
|
415,000
|
|
Tolomato CDD, FL, Special Assessment Revenue Bonds (Series 2015-2), (Original Issue
Yield: 6.752%), (Step Coupon
11/1/2024@6.610%), 0.000%, 5/1/2040
|
397,751
|
450,000
|
2,3
|
Tolomato CDD, FL, Special Assessment Revenue Bonds (Series 2015-3), 6.610%, 5/1/2040
|
4
|
|
|
TOTAL
|
7,710,629
|
|
|
Georgia—4.0%
|
|
2,000,000
|
|
Atlanta, GA, UT GO Public Improvement Bonds (Series 2022A-1), 5.000%, 12/1/2041
|
2,268,267
|
510,000
|
|
Geo. L. Smith II Georgia World Congress Center Authority, Convention Center Hotel
Second Tier Revenue Bonds
(Series 2021B), 5.000%, 1/1/2054
|
458,047
|
1,460,000
|
|
Georgia Ports Authority, Revenue Bonds (Series 2022), 4.000%, 7/1/2052
|
1,428,374
|
1,250,000
|
|
Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2022B), (Citigroup,
Inc. GTD), 5.000%, Mandatory
Tender 6/1/2029
|
1,313,652
|
1,000,000
|
|
Main Street Natural Gas, Inc., GA, Gas Supply Revenue Bonds (Series 2023C), (Royal
Bank of Canada GTD), 5.000%,
Mandatory Tender 9/1/2030
|
1,064,132
|
1,000,000
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project J Revenue
Refunding Bonds (Series 2015A),
5.500%, 7/1/2060
|
1,007,087
|
1,000,000
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project M Bonds (Series
2021A), 5.000%, 1/1/2056
|
1,021,460
|
775,000
|
|
Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project P Revenue
Refunding Bonds (Series 2023A),
5.500%, 7/1/2064
|
818,459
|
|
|
TOTAL
|
9,379,478
|
|
|
Idaho—0.6%
|
|
1,750,000
|
|
Idaho Health Facilities Authority (Terraces of Boise), Exchange Revenue Refunding
Bonds (Series 2021A), 4.000%, 10/1/2033
|
1,438,515
|
|
|
Illinois—9.0%
|
|
430,000
|
|
Chicago, IL Board of Education, Dedicated Capital Improvement Tax Bonds (Series 2023),
5.750%, 4/1/2048
|
474,725
|
1,500,000
|
|
Chicago, IL Board of Education, UT GO Dedicated Revenue Bonds (Series 2017H), 5.000%,
12/1/2046
|
1,501,075
|
2,000,000
|
|
Chicago, IL Wastewater Transmission, Second Lien Wastewater Transmission Revenue Bonds
(Series 2023A), (Assured Guaranty
Municipal Corp. INS), 5.250%, 1/1/2053
|
2,182,286
|
200,000
|
|
Chicago, IL Water Revenue, Second Lien Water Revenue Bonds (Series 2023A), (Assured
Guaranty Municipal Corp. INS),
5.250%, 11/1/2053
|
217,960
|
234,000
|
|
DuPage County, IL (Naperville Campus LLC), Special Tax Bonds (Series 2006), 5.625%,
3/1/2036
|
234,240
|
1,000,000
|
|
Illinois Finance Authority (Admiral at the Lake), Revenue Refunding Bonds (Series
2017), (Original Issue Yield: 5.500%),
5.250%, 5/15/2054
|
757,119
|
1,500,000
|
|
Illinois Finance Authority (Northshore-Edward-Elmhurst Health Credit Group), Revenue
Bonds (Series 2022A),
4.000%, 8/15/2042
|
1,484,445
|
1,340,000
|
|
Illinois State, UT GO Bonds (Series 2017D), 5.000%, 11/1/2028
|
1,425,162
|
750,000
|
|
Illinois State, UT GO Bonds (Series 2020B), (Original Issue Yield: 5.850%), 5.750%,
5/1/2045
|
823,169
|
2,000,000
|
|
Illinois State, UT GO Bonds (Series 2022C), 5.125%, 10/1/2043
|
2,168,350
|
2,000,000
|
|
Illinois State, UT GO Bonds (Series 2022C), 5.500%, 10/1/2045
|
2,212,697
|
1,000,000
|
|
Illinois State, UT GO Bonds (Series 2023B), (Original Issue Yield: 4.730%), 4.500%,
5/1/2048
|
994,084
|
265,000
|
|
Illinois State, UT GO Bonds (Series 2023B), 5.500%, 5/1/2047
|
290,490
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Illinois—continued
|
|
$ 890,000
|
|
Illinois State, UT GO Bonds (Series 2023C), 5.000%, 12/1/2042
|
$ 968,324
|
1,000,000
|
|
Illinois State, UT GO Bonds (Series of May 2014), 5.000%, 5/1/2039
|
1,000,770
|
235,000
|
|
Illinois State, UT GO Refunding Bonds (Series 2018A), 5.000%, 10/1/2026
|
244,956
|
1,600,000
|
|
Metropolitan Pier & Exposition Authority, IL, McCormick Place Expansion Project Bonds
(Series 2015A), (Original Issue Yield:
5.060%), 5.000%, 6/15/2053
|
1,611,116
|
1,250,000
|
|
Sales Tax Securitization Corp., IL, Sales Tax Securitization Bonds (Series 2018A),
5.000%, 1/1/2048
|
1,286,053
|
1,105,000
|
|
Sales Tax Securitization Corp., IL, Sales Tax Securitization Bonds (Series 2022A),
4.000%, 1/1/2042
|
1,112,344
|
|
|
TOTAL
|
20,989,365
|
|
|
Indiana—2.8%
|
|
500,000
|
|
Indiana Municipal Power Agency, Power Supply System Revenue Bonds (Series 2013A),
5.250%, 1/1/2038
|
500,410
|
1,000,000
|
|
Indiana State Finance Authority (CWA Authority, Inc.), First Lien Wastewater Utility
Revenue Bonds (Series 2022B),
5.250%, 10/1/2052
|
1,071,328
|
2,500,000
|
|
Indianapolis, IN Local Public Improvement Bond Bank (Indiana Convention Center Hotel),
Senior Revenue Bonds
(Series 2023E), (Original Issue Yield: 5.880%), 5.750%, 3/1/2043
|
2,710,509
|
2,000,000
|
|
Indianapolis, IN Local Public Improvement Bond Bank (Indianapolis, IN Airport Authority),
(Series 2023I-1), 5.000%, 1/1/2053
|
2,168,252
|
|
|
TOTAL
|
6,450,499
|
|
|
Iowa—0.9%
|
|
1,000,000
|
|
Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue
Refunding Bonds (Series 2022),
5.000%, 12/1/2050
|
1,051,238
|
1,015,000
|
|
Iowa Finance Authority (Iowa Fertilizer Co. LLC), Midwestern Disaster Area Revenue
Refunding Bonds (Series 2022), 5.000%,
Mandatory Tender 12/1/2042
|
1,070,793
|
|
|
TOTAL
|
2,122,031
|
|
|
Kansas—0.9%
|
|
2,000,000
|
|
Wyandotte County, KS Unified Government Utility System, Improvement & Refunding Revenue
Bonds (Series 2014-A),
5.000%, 9/1/2044
|
2,004,570
|
|
|
Kentucky—0.8%
|
|
1,000,000
|
|
Kentucky Economic Development Finance Authority (Miralea), Revenue Bonds (Series 2016A),
5.000%, 5/15/2031
|
922,334
|
1,000,000
|
|
Public Energy Authority of Kentucky, Gas Supply Revenue Bonds (Series 2019C), (Morgan
Stanley GTD), 4.000%, Mandatory
Tender 2/1/2028
|
1,003,319
|
|
|
TOTAL
|
1,925,653
|
|
|
Louisiana—1.4%
|
|
1,000,000
|
|
Louisiana Public Facilities Authority (Tulane University, LA), University Revenue
and Refunding Bonds (Series 2023A),
5.000%, 10/15/2048
|
1,087,724
|
1,500,000
|
|
Louisiana Stadium and Exposition District, Senior Revenue Bonds (Series 2023A), 5.000%,
7/1/2048
|
1,623,476
|
550,000
|
|
St. James Parish, LA (NuStar Logistics LP), Revenue Bonds (Series 2011), 5.850%, Mandatory
Tender 6/1/2025
|
559,958
|
|
|
TOTAL
|
3,271,158
|
|
|
Maryland—0.3%
|
|
320,000
|
|
Baltimore, MD (East Baltimore Research Park), Special Obligation Revenue Refunding
Bonds (Series 2017A), 5.000%, 9/1/2038
|
322,274
|
400,000
|
|
Westminster, MD (Lutheran Village at Miller’s Grant, Inc.), Revenue Bonds (Series 2014A), 6.000%, 7/1/2034
|
400,720
|
|
|
TOTAL
|
722,994
|
|
|
Massachusetts—1.4%
|
|
1,000,000
|
|
Commonwealth of Massachusetts, UT GO Consolidated Loan Bonds (Series 2023C), 5.000%,
8/1/2044
|
1,119,604
|
1,500,000
|
|
Massachusetts Bay Transportation Authority Sales Tax Revenue, Senior Sales Tax Bonds
(Series 2023A-1), (Original Issue Yield:
4.260%), 4.000%, 7/1/2053
|
1,473,191
|
500,000
|
|
Massachusetts Water Resources Authority, General Revenue Bonds (Series 2023B), 5.250%,
8/1/2048
|
564,707
|
|
|
TOTAL
|
3,157,502
|
|
|
Michigan—4.2%
|
|
445,000
|
|
Detroit, MI, UT GO Bonds (Series 2020), 5.500%, 4/1/2045
|
465,867
|
2,250,000
|
|
Michigan State Building Authority, Revenue Refunding Bonds Facilities Program (Series
2023-II), 4.000%, 10/15/2047
|
2,249,354
|
1,750,000
|
|
Michigan State Finance Authority (Detroit, MI Public Lighting Authority), Local Government
Loan Program Revenue Bonds
(Series 2014B), 5.000%, 7/1/2039
|
1,753,303
|
750,000
|
|
Michigan State Finance Authority (Great Lakes, MI Water Authority Sewage Disposal
System), Senior Lien Revenue Bonds
(Series 2014 C-3), (Assured Guaranty Municipal Corp. INS), 5.000%, 7/1/2032
|
753,354
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Michigan—continued
|
|
$ 600,000
|
|
Michigan State Finance Authority (Great Lakes, MI Water Authority Water Supply System),
Senior Lien Revenue Bonds
(Series 2014 D-1), (Assured Guaranty Municipal Corp. INS), 5.000%, 7/1/2037
|
$ 602,157
|
2,500,000
|
|
Michigan State Finance Authority (McLaren Health Care Corp.), Revenue Bonds (Series
2019A), 4.000%, 2/15/2044
|
2,421,369
|
1,755,000
|
|
Michigan State Finance Authority (Trinity Healthcare Credit Group), (Series MI 2019A),
4.000%, 12/1/2049
|
1,674,119
|
|
|
TOTAL
|
9,919,523
|
|
|
Minnesota—0.2%
|
|
460,000
|
|
Minneapolis-St. Paul, MN Metropolitan Airports Commission (Minneapolis-St. Paul International
Airport), Subordinate Airport
Revenue Bonds (Series 2022A), 5.000%, 1/1/2052
|
495,097
|
|
|
Missouri—0.5%
|
|
550,000
|
1
|
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters
Hotel CID), Revenue Bonds
(Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050
|
516,238
|
750,000
|
1
|
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters
Hotel CID), Revenue Bonds
(Series 2018B), 5.000%, 2/1/2040
|
721,920
|
|
|
TOTAL
|
1,238,158
|
|
|
Montana—0.1%
|
|
350,000
|
|
Kalispell, MT Housing and Healthcare Facilities (Immanuel Lutheran Corp.), Revenue
Bonds (Series 2017A), 5.250%, 5/15/2047
|
287,800
|
|
|
Nevada—1.1%
|
|
700,000
|
|
Las Vegas, NV Convention & Visitors Authority, Convention Center Expansion and Renovation
Revenue Bonds (Series 2023A),
5.000%, 7/1/2049
|
757,472
|
1,500,000
|
|
Nevada State, LT GO Bonds (Series 2023A), 5.000%, 5/1/2042
|
1,702,522
|
|
|
TOTAL
|
2,459,994
|
|
|
New Hampshire—0.0%
|
|
403,872
|
1,2,3
|
New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue
Bonds (Series 2017A), 6.125%, 7/1/2037
|
8,077
|
|
|
New Jersey—8.5%
|
|
750,000
|
|
New Jersey EDA (New Jersey State), North Portal Bridge Project (Series 2022), 5.250%,
11/1/2041
|
843,242
|
1,000,000
|
|
New Jersey EDA (New Jersey State), North Portal Bridge Project (Series 2022), 5.250%,
11/1/2047
|
1,094,092
|
2,500,000
|
|
New Jersey EDA (New Jersey State), School Facilities Construction Bonds (Series 2014UU),
(United States Treasury PRF
6/15/2024@100), 5.000%, 6/15/2034
|
2,508,890
|
500,000
|
|
New Jersey State Educational Facilities Authority (New Jersey State), Higher Education
Capital Improvement Fund
(Series 2023A), 4.625%, 9/1/2048
|
517,225
|
1,295,000
|
|
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation
Program Bonds (Series 2022BB),
4.000%, 6/15/2042
|
1,296,489
|
3,000,000
|
|
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation
Program Bonds (Series 2023BB),
5.000%, 6/15/2046
|
3,268,636
|
1,000,000
|
|
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation
System Bonds (Series 2018A),
5.000%, 12/15/2034
|
1,083,611
|
500,000
|
|
New Jersey State Transportation Trust Fund Authority (New Jersey State), Transportation
System Bonds (Series 2022CC),
5.500%, 6/15/2050
|
554,138
|
2,000,000
|
|
New Jersey Turnpike Authority, Turnpike Revenue Bonds (Series 2019A), 5.000%, 1/1/2048
|
2,118,601
|
500,000
|
|
South Jersey Transportation Authority, Transportation System Revenue Bonds (Series
2020A), 4.000%, 11/1/2050
|
459,431
|
3,355,000
|
|
Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Refunding
Bonds (Series 2018A),
5.250%, 6/1/2046
|
3,477,625
|
2,520,000
|
|
Tobacco Settlement Financing Corp., NJ, Tobacco Settlement Asset-Backed Senior Refunding
Bonds (Series 2018A),
5.000%, 6/1/2035
|
2,693,645
|
|
|
TOTAL
|
19,915,625
|
|
|
New Mexico—0.3%
|
|
650,000
|
|
New Mexico State Hospital Equipment Loan Council (Presbyterian Healthcare Services),
Hospital System Revenue Bonds
(Series 2017A), 5.000%, 8/1/2046
|
670,880
|
|
|
New York—9.5%
|
|
1,650,000
|
|
Build NYC Resource Corporation (KIPP NYC Canal West), Revenue Bonds (Series 2022),
5.250%, 7/1/2057
|
1,700,934
|
1,500,000
|
|
Long Island Power Authority, NY, Electric System General Revenue Bonds (Series 2023E),
(Assured Guaranty Municipal Corp.
INS), 5.000%, 9/1/2053
|
1,655,501
|
1,000,000
|
|
Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Revenue Bonds
(Series 20114B),
5.250%, 11/15/2044
|
1,001,420
|
1,500,000
|
|
Metropolitan Transportation Authority, NY (MTA Transportation Revenue), Transportation
Revenue Green Bonds
(Series 2020C-1), 5.250%, 11/15/2055
|
1,587,576
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
New York—continued
|
|
$2,000,000
|
|
New York City, NY Municipal Water Finance Authority, Water and Sewer System Second
General Resolution Revenue Bonds
(Series 2023-DD), (Original Issue Yield: 4.380%), 4.125%, 6/15/2047
|
$ 2,002,187
|
1,250,000
|
|
New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds
(Series 2015E-1), 5.000%, 2/1/2041
|
1,264,085
|
1,000,000
|
|
New York City, NY Transitional Finance Authority, Future Tax Secured Subordinate Bonds
(Series 2023F-1), (Original Issue
Yield: 4.450%), 4.000%, 2/1/2051
|
963,602
|
250,000
|
|
New York City, NY, UT GO Bonds (Series 2014G), 5.000%, 8/1/2030
|
250,119
|
1,000,000
|
1
|
New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series
2014 Class 1), 5.000%, 11/15/2044
|
1,000,062
|
750,000
|
|
New York State Power Authority (New York State Power Authority Transmission Project),
Green Transmission Project Revenue
Bonds (Series 2022A), (Assured Guaranty Municipal Corp. INS), 4.000%, 11/15/2047
|
741,514
|
1,000,000
|
|
New York State Thruway Authority (New York State Thruway Authority - General Revenue),
General Revenue Bonds
(Series 2024P), 5.250%, 1/1/2054
|
1,104,810
|
1,480,000
|
|
New York State Thruway Authority (New York State Thruway Authority - General Revenue),
General Revenue Junior
Indebtedness Obligations (Series 2016A), 5.000%, 1/1/2046
|
1,504,108
|
1,000,000
|
|
New York Transportation Development Corporation (JFK International Air Terminal LLC),
Special Facilities Revenue Bonds
(Series 2020C), 4.000%, 12/1/2040
|
975,040
|
3,000,000
|
|
Port Authority of New York and New Jersey, Consolidated Bonds (Series 241), 5.000%,
7/15/2048
|
3,302,490
|
1,000,000
|
|
Triborough Bridge & Tunnel Authority, NY (MTA Payroll Mobility Tax), MTA Bridges and
Tunnels Payroll Mobility Tax Senior Lien
Bonds (Series 2022D-2), 5.250%, 5/15/2047
|
1,115,898
|
1,000,000
|
|
Triborough Bridge & Tunnel Authority, NY, MTA Bridges and Tunnels Sales Tax Revenue
Bonds (Series 2023A), (Original Issue
Yield: 4.630%), 4.250%, 5/15/2058
|
999,078
|
1,000,000
|
|
Utility Debt Securitization Authority, NY, Restructuring Bonds (Series 2022TE-2),
5.000%, 12/15/2049
|
1,092,046
|
|
|
TOTAL
|
22,260,470
|
|
|
North Carolina—0.9%
|
|
1,000,000
|
|
Charlotte, NC (Charlotte, NC Douglas International Airport), Airport Revenue Bonds
(Series 2017A), 5.000%, 7/1/2047
|
1,039,003
|
1,000,000
|
|
North Carolina Medical Care Commission (United Methodist Retirement Homes), Retirement
Facilities First Mortgage Revenue
Bonds (Series 2024), 5.125%, 10/1/2054
|
1,041,638
|
|
|
TOTAL
|
2,080,641
|
|
|
Ohio—1.8%
|
|
1,000,000
|
|
Cuyahoga County, OH Hospital Authority (MetroHealth System), Hospital Revenue Bonds
(Series 2017), (Original Issue Yield:
5.030%), 5.000%, 2/15/2057
|
980,204
|
640,000
|
|
Cuyahoga County, OH Hospital Authority (MetroHealth System), Hospital Revenue Bonds
(Series 2017), 5.250%, 2/15/2047
|
643,968
|
1,500,000
|
|
Miami County, OH Hospital Facility (Kettering Health Network Obligated Group), Hospital
Facilities Revenue Refunding and
Improvement Bonds (Series 2019), 5.000%, 8/1/2049
|
1,533,816
|
1,105,000
|
|
Muskingum County, OH (Genesis Healthcare Corp.), Hospital Facilities Revenue Bonds
(Series 2013), 5.000%, 2/15/2027
|
1,105,035
|
|
|
TOTAL
|
4,263,023
|
|
|
Oregon—0.9%
|
|
2,000,000
|
|
Oregon State Housing and Community Services Department, Single Family Mortgage Program
(Series 2023A),
4.600%, 7/1/2043
|
2,037,340
|
|
|
Pennsylvania—7.1%
|
|
1,000,000
|
|
Allegheny County, PA Hospital Development Authority (Allegheny Health Network Obligated
Group), Revenue Bonds
(Series 2018A), 5.000%, 4/1/2047
|
1,022,773
|
1,500,000
|
|
Allegheny County, PA Hospital Development Authority (UPMC Health System), Revenue
Bonds (Series 2019A),
4.000%, 7/15/2039
|
1,505,053
|
2,000,000
|
|
Commonwealth of Pennsylvania, UT GO Bonds (First Series 2022), 5.000%, 10/1/2042
|
2,251,907
|
45,000
|
|
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue
Bonds (Series 2015), (United States
Treasury PRF 1/1/2025@100), 5.000%, 1/1/2038
|
45,585
|
185,000
|
|
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue
Bonds (Series 2015), (United States
Treasury PRF 1/1/2025@100), 5.000%, 1/1/2038
|
187,405
|
220,000
|
|
Cumberland County, PA Municipal Authority (Diakon Lutheran Social Ministries), Revenue
Bonds (Series 2015),
5.000%, 1/1/2038
|
220,726
|
1,500,000
|
|
Lehigh County, PA General Purpose Authority (Lehigh Valley Academy Regional Charter
School), Charter School Revenue
Bonds (Series 2022), 4.000%, 6/1/2057
|
1,211,570
|
1,500,000
|
|
Northampton County, PA General Purpose Authority (Lafayette College), College Refunding
and Revenue Bonds (Series 2017),
5.000%, 11/1/2047
|
1,551,540
|
1,865,000
|
|
Northampton County, PA General Purpose Authority (St. Luke’s University Health Network), Hospital Revenue Bonds
(Series 2016A), 4.000%, 8/15/2040
|
1,825,362
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Pennsylvania—continued
|
|
$ 570,000
|
|
Pennsylvania State Economic Development Financing Authority (UPMC Health System),
Revenue Bonds (Series 2023A-2),
4.000%, 5/15/2053
|
$ 532,765
|
1,090,000
|
|
Pennsylvania State Higher Education Facilities Authority (University of Pennsylvania
Health System), Health System Revenue
Bonds (Series 2019), 4.000%, 8/15/2044
|
1,064,092
|
1,350,000
|
|
Pennsylvania State Turnpike Commission, Subordinate Revenue Bonds (Series 2019A),
5.000%, 12/1/2044
|
1,433,801
|
345,000
|
|
Pennsylvania State Turnpike Commission, Turnpike Revenue Bonds (Series 2022B), 5.250%,
12/1/2052
|
380,842
|
1,080,000
|
|
Philadelphia, PA Airport System, Airport Revenue and Refunding Bonds (Series 2017A),
5.000%, 7/1/2047
|
1,112,238
|
1,050,000
|
|
Philadelphia, PA Water & Wastewater System, Water and Wastewater Revenue Bonds (Series
2020A), 5.000%, 11/1/2045
|
1,130,822
|
1,200,000
|
|
Westmoreland County, PA Municipal Authority, Municipal Service Revenue Bonds (Series
2016), (Build America Mutual
Assurance INS), 5.000%, 8/15/2042
|
1,219,986
|
|
|
TOTAL
|
16,696,467
|
|
|
Puerto Rico—5.0%
|
|
1,000,000
|
|
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 5.625%, 7/1/2029
|
1,083,164
|
1,000,000
|
|
Commonwealth of Puerto Rico, UT GO Restructured Bonds (Series 2022A), 5.750%, 7/1/2031
|
1,114,808
|
6,000,000
|
|
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A),
(Original Issue Yield: 5.154%),
5.000%, 7/1/2058
|
6,029,988
|
2,000,000
|
|
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-1),
4.750%, 7/1/2053
|
1,996,144
|
1,500,000
|
|
Puerto Rico Sales Tax Financing Corp., Restructured Sales Tax Bonds (Series 2019A-2),
4.329%, 7/1/2040
|
1,489,392
|
|
|
TOTAL
|
11,713,496
|
|
|
Rhode Island—1.3%
|
|
3,000,000
|
|
Tobacco Settlement Financing Corp., RI, Tobacco Settlement Asset-Backed Bonds (Series
2015B), 5.000%, 6/1/2050
|
3,014,538
|
|
|
South Carolina—1.5%
|
|
2,250,000
|
|
South Carolina Jobs-EDA (Prisma Health Obligated Group), Hospital Revenue Bonds (Series
2018A), 5.000%, 5/1/2048
|
2,293,773
|
650,000
|
1
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds TEMPS-50 (Series 2023B-2),
5.250%, 11/15/2028
|
653,691
|
650,000
|
1
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds TEMPS-75 (Series 2023B-1),
5.750%, 11/15/2029
|
638,816
|
|
|
TOTAL
|
3,586,280
|
|
|
Tennessee—1.0%
|
|
600,000
|
2,3
|
Blount County, TN Health and Educational Facilities Board (Asbury, Inc.), Revenue
Refunding and Improvement Bonds
(Series 2016A), 5.000%, 1/1/2047
|
150,600
|
1,000,000
|
|
Chattanooga, TN Health, Educational & Housing Facility Board (CommonSpirit Health),
Revenue Bonds (Series 2019A),
5.000%, 8/1/2049
|
1,033,402
|
1,000,000
|
|
Metropolitan Nashville Tennessee Airport Authority, Airport Revenue Bonds (Series
2022A), 5.000%, 7/1/2052
|
1,081,924
|
|
|
TOTAL
|
2,265,926
|
|
|
Texas—7.7%
|
|
500,000
|
|
Austin, TX (Austin, TX Water and Wastewater System), Water and Wastewater System Revenue
Refunding Bonds (Series 2022),
5.000%, 11/15/2052
|
539,526
|
270,000
|
|
Clifton Higher Education Finance Corporation, TX (Idea Public Schools), 6.000%, 8/15/2033
|
270,493
|
920,000
|
|
Clifton Higher Education Finance Corporation, TX (Idea Public Schools), Education
Revenue Bonds (Series 2012),
5.000%, 8/15/2032
|
920,889
|
1,000,000
|
|
Harris County, TX Cultural Education Facilities Finance Corp. (Brazos Presbyterian
Homes Holding, Inc.), First Mortgage
Revenue Bonds (Series 2016), 5.000%, 1/1/2048
|
851,552
|
1,460,000
|
|
Harris County, TX IDC (Energy Transfer LP), Marine Terminal Refunding Revenue Bonds
(Series 2023), 4.050%, Mandatory
Tender 6/1/2033
|
1,477,930
|
2,000,000
|
|
Jarrell, TX ISD, UT GO School Building Bonds (Series 2023), (Texas Permanent School
Fund Guarantee Program GTD),
4.250%, 2/15/2053
|
1,998,595
|
1,500,000
|
|
Lamar, TX Consolidated ISD, UT GO School House Bonds (Series 2022), (Texas Permanent
School Fund Guarantee Program
GTD), 4.000%, 2/15/2062
|
1,425,602
|
1,500,000
|
|
Lower Colorado River Authority, TX (LCRA Transmission Services Corp.), Transmission
Contract Refunding Revenue Bonds
(Series 2021), 5.000%, 5/15/2051
|
1,587,964
|
685,000
|
|
North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2015B),
5.000%, 1/1/2045
|
690,878
|
1,930,000
|
|
North Texas Tollway Authority, First Tier Revenue Refunding Bonds (Series 2017A),
5.000%, 1/1/2048
|
2,008,325
|
415,000
|
|
Red River, TX HFDC (MRC The Crossings), Retirement Facility Revenue Bonds (Series
2014A), (Original Issue Yield: 7.550%),
(United States Treasury PRF 11/15/2024@100), 7.500%, 11/15/2034
|
426,090
|
Principal
Amount
|
|
|
Value
|
|
|
MUNICIPAL BONDS—continued
|
|
|
|
Texas—continued
|
|
$1,500,000
|
|
San Antonio, TX Electric & Gas System, Revenue Refunding Bonds (Series 2017), 5.000%,
2/1/2047
|
$ 1,543,827
|
750,000
|
|
Spring Branch, TX ISD, UT GO Schoolhouse Bonds (Series 2022), (Texas Permanent School
Fund Guarantee Program GTD),
5.000%, 2/1/2042
|
832,204
|
1,600,000
|
|
Texas Municipal Gas Acquisition & Supply Corp. IV, Gas Supply Revenue Bonds (Series
2023B), (BP PLC GTD), 5.500%,
Mandatory Tender 1/1/2034
|
1,776,643
|
1,550,000
|
|
Texas State Transportation Commission (State Highway 249 System), First Tier Toll
Revenue Bonds (Series 2019A),
5.000%, 8/1/2057
|
1,567,744
|
|
|
TOTAL
|
17,918,262
|
|
|
Utah—1.6%
|
|
1,970,000
|
|
Intermountain Power Agency, Power Supply Revenue Bonds (Series 2022A), 5.000%, 7/1/2041
|
2,186,525
|
1,500,000
|
|
Utah State Board of Higher Education (Utah University), General Revenue Bonds (Series
2022A), 4.000%, 8/1/2051
|
1,466,184
|
|
|
TOTAL
|
3,652,709
|
|
|
Virginia—0.5%
|
|
400,000
|
|
James City County, VA EDA (Williamsburg Landing), Residential Care Facility Revenue
Bonds (Series 2024A),
6.875%, 12/1/2058
|
435,116
|
750,000
|
|
Virginia Beach, VA Development Authority (Westminster-Canterbury on Chesapeake Bay),
Residential Care Facility Revenue
Bonds (Series 2023A), 7.000%, 9/1/2053
|
822,209
|
|
|
TOTAL
|
1,257,325
|
|
|
Washington—1.3%
|
|
280,000
|
1
|
Washington State Housing Finance Commission (Heron’s Key Senior Living), Nonprofit Housing Revenue Bonds (Series 2015A),
(United States Treasury PRF 7/1/2025@100), 6.000%, 7/1/2025
|
284,529
|
500,000
|
1
|
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest),
Revenue Bonds
(Series 2016), 5.000%, 1/1/2031
|
453,233
|
1,000,000
|
1
|
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest),
Revenue Bonds
(Series 2016), 5.000%, 1/1/2051
|
675,470
|
1,000,000
|
1
|
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit
Housing Revenue &
Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2041
|
900,773
|
1,000,000
|
1
|
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit
Housing Revenue Bonds
(Series 2020A), 5.000%, 1/1/2051
|
824,840
|
|
|
TOTAL
|
3,138,845
|
|
|
West Virginia—0.5%
|
|
1,050,000
|
|
West Virginia State Hospital Finance Authority (Vandalia Health), Hospital Refunding
and Improvement Revenue Bonds
(Series 2023B), 6.000%, 9/1/2048
|
1,208,710
|
|
|
Wisconsin—1.4%
|
|
1,000,000
|
1
|
Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%,
12/1/2042
|
1,008,195
|
800,000
|
1
|
Public Finance Authority, WI Revenue (Aurora Integrated Oncology Foundation), Revenue
Bonds (Series 2023),
9.000%, 11/1/2028
|
801,798
|
1,500,000
|
|
Wisconsin Health & Educational Facilities Authority (Ascension Health Alliance Senior
Credit Group), Revenue Bonds
(Series 2016A), 4.000%, 11/15/2046
|
1,436,101
|
|
|
TOTAL
|
3,246,094
|
|
|
TOTAL MUNICIPAL BONDS
(IDENTIFIED COST $227,392,370)
|
229,656,300
|
|
4
|
SHORT-TERM MUNICIPALS—1.9%
|
|
|
|
Alabama—0.3%
|
|
600,000
|
|
Columbia, AL IDB PCRB (Alabama Power Co.), (Series 2014-A) Daily VRDNs, 3.900%, 3/1/2024
|
600,000
|
|
|
Louisiana—0.1%
|
|
300,000
|
|
Louisiana State Gas & Fuels Second Lien, (Series 2023 A-2) Daily VRDNs, (TD Bank,
N.A. LOC), 3.650%, 3/1/2024
|
300,000
|
|
|
Michigan—0.2%
|
|
300,000
|
|
Green Lake Township, MI (Interlochen Center), (Series 2004) Daily VRDNs, (PNC Bank,
N.A. LOC), 3.650%, 3/1/2024
|
300,000
|
200,000
|
|
Michigan Strategic Fund (Air Products & Chemicals, Inc.), (Series 2007) Daily VRDNs,
3.710%, 3/1/2024
|
200,000
|
|
|
TOTAL
|
500,000
|
|
|
Ohio—0.5%
|
|
1,250,000
|
|
Ohio State Higher Educational Facility Commission (Cleveland Clinic), (Series 2013B-2)
Daily VRDNs, (Bank of New York
Mellon, N.A. LIQ), 3.650%, 3/1/2024
|
1,250,000
|
Principal
Amount
|
|
|
Value
|
|
4
|
SHORT-TERM MUNICIPALS—continued
|
|
|
|
Pennsylvania—0.4%
|
|
$ 900,000
|
|
Delaware County, PA IDA (United Parcel Service, Inc.), (Series 2015) Daily VRDNs,
(United Parcel Service, Inc. GTD),
3.600%, 3/1/2024
|
$ 900,000
|
|
|
Texas—0.4%
|
|
1,000,000
|
|
Harris County, TX Cultural Education Facilities Finance Corp. (Texas Children’s Hospital), (Series 2021C) Daily VRDNs, (Bank of
America N.A. LIQ), 3.600%, 3/1/2024
|
1,000,000
|
|
|
TOTAL SHORT-TERM MUNICIPALS
(IDENTIFIED COST $4,550,000)
|
4,550,000
|
|
|
TOTAL INVESTMENT IN SECURITIES—100%
(IDENTIFIED COST $231,942,370)
|
234,206,300
|
|
|
OTHER ASSETS AND LIABILITIES - NET5
|
(521,034)
|
|
|
LIQUIDATION VALUE OF VARIABLE RATE MUNICIPAL TERM PREFERRED SHARES (VMTPS)
|
(88,600,000)
|
|
|
TOTAL NET ASSETS APPLICABLE TO COMMON SHAREHOLDERS
|
$145,085,266
|
Description
|
Number of
Contracts
|
Notional
Value
|
Expiration
Date
|
Value and
Unrealized
Appreciation
|
Long Futures:
|
|
|
|
|
United States Treasury Long Bond Long Futures
|
40
|
$4,770,000
|
June 2024
|
$14,998
|
1
|
Denotes a restricted security that either: (a) cannot be offered for public sale without
first being registered, or availing of an exemption from registration, under
the Securities Act of 1933; or (b) is subject to a contractual restriction on public
sales. At February 29, 2024, these restricted securities amounted to $11,768,667,
which represented 8.1% of total net assets.
|
Security
|
Acquisition
Date
|
Acquisition
Cost
|
Value
|
California Public Finance Authority (Kendal at Sonoma), Enso Village Senior Living
Revenue Refunding Bonds
(Series 2021A), 5.000%, 11/15/2056
|
5/27/2021
|
$171,514
|
$137,188
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2014A), 5.000%, 7/1/2034
|
6/13/2014
|
$600,246
|
$601,804
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2014A), 5.125%, 7/1/2044
|
7/10/2014
|
$250,102
|
$250,309
|
California School Finance Authority (KIPP LA), School Facility Revenue Bonds (Series
2015A), 5.000%, 7/1/2035
|
8/27/2015
|
$1,009,625
|
$1,013,371
|
Collier County, FL IDA (Arlington of Naples), Continuing Care Community Revenue Bonds
(Series 2013A), (Original
Issue Yield: 8.250%), 8.125%, 5/15/2044
|
8/11/2017
|
$599,049
|
$16,107
|
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters
Hotel CID), Revenue
Bonds (Series 2018B), (Original Issue Yield: 5.079%), 5.000%, 2/1/2050
|
5/15/2018
|
$557,790
|
$516,238
|
Kansas City, MO Redevelopment Authority (Kansas City Convention Center Headquarters
Hotel CID), Revenue
Bonds (Series 2018B), 5.000%, 2/1/2040
|
1/10/2018
|
$751,349
|
$721,920
|
Maricopa County, AZ, IDA (Paradise Schools), Revenue Refunding Bonds, 5.000%, 7/1/2036
|
10/6/2016
|
$586,693
|
$589,297
|
New Hampshire Health and Education Facilities Authority (Hillside Village), Revenue
Bonds (Series 2017A),
6.125%, 7/1/2037
|
6/18/2017
|
$334,646
|
$8,077
|
New York Liberty Development Corporation (3 World Trade Center), Revenue Bonds (Series
2014 Class 1),
5.000%, 11/15/2044
|
10/29/2014
|
$1,000,000
|
$1,000,062
|
Pima County, AZ IDA (La Posada at Pusch Ridge), Senior Living Revenue Bonds (Series
2022A),
6.750%, 11/15/2042
|
10/6/2022
|
$628,459
|
$672,949
|
Public Finance Authority, WI (LVHN CHP JV, LLC), Revenue Bonds (Series 2022A), 7.250%,
12/1/2042
|
2/2/2023
|
$1,000,000
|
$1,008,195
|
Public Finance Authority, WI Revenue (Aurora Integrated Oncology Foundation), Revenue
Bonds (Series 2023),
9.000%, 11/1/2028
|
12/14/2023
|
$800,000
|
$801,798
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds TEMPS-50
(Series 2023B-2), 5.250%, 11/15/2028
|
7/21/2023
|
$650,000
|
$653,691
|
Security
|
Acquisition
Date
|
Acquisition
Cost
|
Value
|
South Carolina Jobs-EDA (Seafields at Kiawah Island), Retirement Community Revenue
Bonds TEMPS-75
(Series 2023B-1), 5.750%, 11/15/2029
|
7/21/2023
|
$619,574
|
$638,816
|
Washington State Housing Finance Commission (Heron’s Key Senior Living), Nonprofit Housing Revenue Bonds
(Series 2015A), (United States Treasury PRF 7/1/2025@100), 6.000%, 7/1/2025
|
7/22/2015
|
$280,351
|
$284,529
|
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest),
Revenue
Bonds (Series 2016), 5.000%, 1/1/2031
|
12/14/2016
|
$501,305
|
$453,233
|
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest),
Revenue
Bonds (Series 2016), 5.000%, 1/1/2051
|
2/13/2019
|
$1,022,461
|
$675,470
|
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit
Housing Revenue
& Refunding Revenue Bonds (Series 2020A), 5.000%, 1/1/2041
|
1/14/2021
|
$1,041,076
|
$900,773
|
Washington State Housing Finance Commission (Rockwood Retirement Communities), Nonprofit
Housing Revenue
Bonds (Series 2020A), 5.000%, 1/1/2051
|
6/9/2021
|
$1,070,967
|
$824,840
|
2
|
Non-income-producing security.
|
3
|
Security in default.
|
4
|
Current rate and current maturity or next reset date shown for floating rate notes
and variable rate notes/demand instruments. Certain variable rate securities are
not based on a published reference rate and spread but are determined by the issuer
or agent and are based on current market conditions. These securities do
not indicate a reference rate and spread in their description above.
|
5
|
Assets, other than investments in securities, less liabilities.
|
Valuation Inputs
|
||||
|
Level 1—
Quoted
Prices
|
Level 2—
Other
Significant
Observable
Inputs
|
Level 3—
Significant
Unobservable
Inputs
|
Total
|
Debt Securities:
|
|
|
|
|
Municipal Bonds
|
$—
|
$229,656,300
|
$—
|
$229,656,300
|
Short-Term Municipals
|
—
|
4,550,000
|
—
|
4,550,000
|
TOTAL SECURITIES
|
$—
|
$234,206,300
|
$—
|
$234,206,300
|
Other Financial Instruments:*
|
|
|
|
|
Assets
|
$14,998
|
$—
|
$—
|
$14,998
|
TOTAL OTHER FINANCIAL INSTRUMENTS
|
$14,998
|
$—
|
$—
|
$14,998
|
*
|
Other financial instruments are futures contracts.
|
The following acronym(s) are used throughout this portfolio:
|
|
|
CDD
|
—Community Development District
|
|
EDA
|
—Economic Development Authority
|
|
GO
|
—General Obligation
|
|
GTD
|
—Guaranteed
|
|
HFDC
|
—Health Facility Development Corporation
|
|
IDA
|
—Industrial Development Authority
|
|
IDB
|
—Industrial Development Bond
|
|
IDC
|
—Industrial Development Corporation
|
|
INS
|
—Insured
|
|
ISD
|
—Independent School District
|
|
LIQ
|
—Liquidity Agreement
|
|
LOC
|
—Letter of Credit
|
|
LP
|
—Limited Partnership
|
|
LT
|
—Limited Tax
|
|
PCRB
|
—Pollution Control Revenue Bond(s)
|
|
PRF
|
—Pre-refunded
|
|
TEMPS
|
—Tax Exempt Mandatory Paydown Securities
|
|
UT
|
—Unlimited Tax
|
|
VRDNs
|
—Variable Rate Demand Notes
|