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Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 98.3%
Alabama — 2.1%
Alabama State, Federal Aid Highway Finance Authority, Ser A, RB
Callable 09/01/2027 @ 100
5.000%, 09/01/2032	$	2,000	$	2,497
Alabama State, Port Authority, Ser A, AMT, RB, AGM
5.000%, 10/01/2026		1,000		1,206
Birmingham, Airport Authority, RB, BAM
5.000%, 07/01/2023		225		247
5.000%, 07/01/2024		325		371
5.000%, 07/01/2028		1,075		1,375
Birmingham, Water Works Board of Revenue Authority, Sub-Ser B, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2031		3,265		3,987
Black Belt, Energy Gas District, RB
Callable 09/01/2031 @ 101
4.000%, 06/01/2051 (A)		5,570		6,928
Jefferson County, Refunding Warrants, Ser A, GO
5.000%, 04/01/2025		2,500		2,926
Lower Alabama, Gas District, RB
Callable 09/01/2025 @ 101
4.000%, 12/01/2050 (A)		5,000		5,688
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2028		3,300		4,139
5.000%, 09/01/2031		3,140		4,114
5.000%, 09/01/2034		2,000		2,729
Southeast Alabama, Gas Supply District, Ser A, RB
Callable 01/01/2024 @ 100
4.000%, 04/01/2049 (A)		5,000		5,453
Troy University, Ser A, RB, BAM
5.000%, 11/01/2027		630		792
University of Alabama, Ser A, RB
Callable 07/01/2022 @ 100
5.000%, 07/01/2023		2,160		2,267


				44,719


Alaska — 0.1%
Anchorage, Water Revenue, Ser B, RB
Callable 05/01/2027 @ 100
5.000%, 05/01/2031		1,500		1,825


Arizona — 2.9%
Arizona State, Agricultural Improvement & Power District, Salt River Project, Ser A, RB
Callable 12/01/2021 @ 100
5.000%, 12/01/2027		2,500		2,561



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Arizona State, Agricultural Improvement & Power District, Salt River Project, Ser A, RB
Callable 06/01/2025 @ 100
5.000%, 12/01/2035	$	3,000	$	3,502
Arizona State, Department of Transportation, State Highway Fund Revenue, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2026		5,000		5,700
Arizona State, Health Facilities Authority, Banner Health Project, Ser A, RB
5.000%, 01/01/2023		1,490		1,604
Arizona State, Industrial Development Authority, American Charter Schools Foundation Project, RB
Callable 07/01/2027 @ 100
6.000%, 07/01/2037 (B)		1,805		2,228
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
Callable 07/01/2027 @ 103
7.750%, 07/01/2050 (B)		3,560		3,975
Arizona State, Industrial Development Authority, Ser 2019-2, RB
3.625%, 05/20/2033		3,406		3,875
Chandler, Industrial Development Authority, Intel Corp. Project, AMT, RB
2.700%, 12/01/2037 (A)		4,000		4,195
Coconino County, Pollution Control, Ser B, RB
1.650%, 03/01/2039 (A)		2,000		2,047
Glendale, Industrial Development Authority, RB
Callable 05/15/2026 @ 103
5.000%, 05/15/2041		1,000		1,141
Maricopa County, Industrial Development Authority, Banner Health Project, Ser A, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2031		2,250		2,735
Maricopa County, Industrial Development Authority, Christian Care Surprise Project, RB
Callable 01/01/2025 @ 102
5.750%, 01/01/2036 (B)		1,560		1,619
Phoenix, Civic Improvement Authority, Junior Lien, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2033		3,930		4,833



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Phoenix, Civic Improvement Authority, Junior Lien, Ser A, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2028	$	600	$	704
5.000%, 07/01/2029		250		293
5.000%, 07/01/2030		500		587
5.000%, 07/01/2032		1,095		1,285
Phoenix, Civic Improvement Authority, Junior Lien, Ser B, AMT, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2030		3,100		3,967
Phoenix, Industrial Development Authority, Downtown Phoenix Student Housing, ASU Project, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2029		350		427
5.000%, 07/01/2032		115		138
5.000%, 07/01/2033		355		426
Pima County, Industrial Development Authority, American Leadership Academy Project, RB
Callable 06/15/2022 @ 100
5.000%, 06/15/2047 (B)		870		886
Salt Verde, Financial Gas Revenue Authority, RB
5.250%, 12/01/2024		1,330		1,528
5.250%, 12/01/2026		4,510		5,484
5.000%, 12/01/2032		2,500		3,321
5.000%, 12/01/2037		1,000		1,408
Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser A, RB
5.500%, 10/01/2027 (B)		900		984
Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser A, RB
Callable 10/01/2027 @ 100
6.000%, 10/01/2037 (B)		1,200		1,324
Yavapai County, Industrial Development Authority, Yavapai Regional Medical Center Project, Ser A, RB
Callable 08/01/2023 @ 100
5.250%, 08/01/2033		1,000		1,088


				63,865


Arkansas — 0.4%
Arkansas State, University of Arkansas, Various Facility Fayetteville Project, RB
Callable 11/01/2024 @ 100
5.000%, 11/01/2033		1,400		1,601
5.000%, 11/01/2034		1,210		1,382



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Arkansas State, University of Central Arkansas, Auxiliary Project, Ser C, RB, AMBAC
6.125%, 04/01/2026	$	1,535	$	1,781
Arkansas State, University of Central Arkansas, Student Fee Project, Ser B, RB, AMBAC
6.125%, 04/01/2026		1,535		1,781
Fort Smith, Water & Sewer Revenue, RB
Callable 10/01/2028 @ 100
5.000%, 10/01/2035		1,500		1,888


				8,433


California — 7.9%
Bay Area, Toll Authority, RB
Callable 10/01/2021 @ 100
2.250%, 04/01/2045 (A)		1,500		1,510
California County, Tobacco Securitization Agency, Ser A, RB
5.000%, 06/01/2025		200		237
California State, Department of Water Resources, Centeral Valley Project, Ser BB, RB
Callable 12/01/2030 @ 100
5.000%, 12/01/2035		1,525		2,067
California State, Department of Water Resources, Ser AS, RB
Pre-Refunded @ 100
5.000%, 12/01/2024 (C)		1,910		2,228
California State, Enterprise Development Authority, M@College Project, Ser A, RB
Callable 08/01/2030 @ 100
5.000%, 08/01/2045		370		457
California State, GO
5.000%, 08/01/2026		3,880		4,770
California State, GO
Callable 09/01/2021 @ 100
5.250%, 09/01/2028		1,240		1,256
California State, GO
Callable 03/01/2025 @ 100
5.000%, 03/01/2026		5,000		5,863
California State, GO
Callable 08/01/2025 @ 100
5.000%, 08/01/2026		2,500		2,972
California State, GO
Callable 11/01/2025 @ 100
4.000%, 11/01/2041		360		408
California State, GO
Callable 09/01/2026 @ 100
5.000%, 09/01/2028		3,000		3,675
5.000%, 09/01/2029		1,500		1,837
5.000%, 09/01/2030		3,395		4,157



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser A1, RB
5.000%, 11/01/2027	$	5,225	$	6,650
California State, Health Facilities Financing Authority, St. Joseph Health System Project, Ser A, RB
Callable 07/01/2023 @ 100
5.000%, 07/01/2026		5,000		5,504
California State, Health Facilities Financing Authority, Stanford Health Care, Ser A, RB
Callable 11/15/2027 @ 100
5.000%, 11/15/2028		2,000		2,537
California State, Housing Finance Agency, Certificates, Ser 2021-1, RB
3.500%, 11/20/2035		2,992		3,505
California State, Municipal Finance Authority, Caritas Project, Ser A, RB
Callable 08/15/2027 @ 100
4.000%, 08/15/2037		1,055		1,172
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
Callable 05/15/2031 @ 100
4.000%, 05/15/2034		1,170		1,428
California State, Public Finance Authority, Enso Village Project, RB
Callable 05/15/2023 @ 100
2.375%, 11/15/2028 (B)		355		358
California State, Public Works Board, Judicial Council Project, Ser A, RB
Callable 03/01/2023 @ 100
5.000%, 03/01/2026		1,000		1,083
California State, Public Works Board, Judicial Council Project, Ser D, RB
Callable 12/01/2021 @ 100
5.250%, 12/01/2025		1,185		1,215
California State, Public Works Board, Riverside Campus Project, Ser S, RB
Callable 04/01/2027 @ 100
5.000%, 04/01/2032		1,000		1,235
California State, Public Works Board, Various Capital Projects, Ser H, RB
Callable 12/01/2024 @ 100
5.000%, 12/01/2025		2,795		3,240
California State, Ser C, GO
Callable 09/01/2025 @ 100
5.000%, 09/01/2030		5,015		5,951



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Statewide Communities Development Authority, Baptist University Project, Ser A, RB
5.125%, 11/01/2023	$	410	$	434
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, RB
Callable 12/01/2024 @ 100
5.250%, 12/01/2034		3,125		3,571
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, Ser A, RB
Callable 06/01/2026 @ 100
5.000%, 12/01/2041 (B)		2,315		2,615
California State, Statewide Communities Development Authority, University of California Irvine East, RB
5.000%, 05/15/2022		1,000		1,045
California State, Various Purpose, GO
5.000%, 04/01/2032		1,970		2,730
California State, Various Purpose, GO
Callable 08/01/2026 @ 100
5.000%, 08/01/2028		2,500		3,055
5.000%, 08/01/2030		6,500		7,936
5.000%, 08/01/2035		3,000		3,652
California State, Various Purpose, GO
Callable 04/01/2029 @ 100
5.000%, 04/01/2033		7,900		10,249
Cathedral, Redevelopment Agency, Successor Agency, Sub-Ser, TA
4.000%, 08/01/2023		215		230
Cathedral, Redevelopment Agency, Successor Agency, TA, BAM
Callable 08/01/2030 @ 100
4.000%, 08/01/2033		750		900
Foothill-Eastern, Transportation Corridor Agency, Ser C, RB
5.000%, 01/15/2030		190		246
Golden State, Tobacco Securitization Project, Ser A, RB
Callable 06/01/2023 @ 100
5.000%, 06/01/2029		915		996
Golden State, Tobacco Securitization Project, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/01/2025 (C)		3,000		3,553
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2026		1,450		1,753
5.000%, 06/01/2027		2,875		3,567



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Golden State, Tobacco Securitization Project, Ser A1, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2034	$	4,960	$	6,064
Golden State, Tobacco Securitization Project, Ser B, RB
Callable 06/21/2021 @ 22
12.508%, 06/01/2047 (D)		6,850		1,525
Inland Empire, Tobacco Securitization, Ser E, RB
Callable 06/21/2021 @ 7
8.093%, 06/01/2057 (B)(D)		77,400		5,227
Los Angeles County, Disney Concert Hall Parking Project, COP
5.000%, 03/01/2022		625		647
Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser A, AMT, RB
Callable 05/15/2023 @ 100
5.000%, 05/15/2032		2,285		2,484
Los Angeles, Department of Airports, Los Angeles International Airport Project, Ser A, AMT, RB
Callable 05/15/2025 @ 100
5.000%, 05/15/2031		840		973
5.000%, 05/15/2032		500		579
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
5.000%, 05/15/2028		1,500		1,904
Los Angeles, Department of Water & Power, Power System Project, Ser B, RB
Callable 01/01/2024 @ 100
5.000%, 07/01/2032		2,500		2,797
Los Angeles, Department of Water & Power, Water System Revenue, Ser A-2, RB
Callable 07/01/2021 @ 100
0.010%, 07/01/2045 (A)		1,700		1,700
Northern California, Tobacco Securitization Authority, RB
Callable 12/01/2030 @ 100
4.000%, 06/01/2049		2,000		2,302
Sacramento, Airport System Revenue, Ser B, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2033		500		624
Sacramento, Airport System Revenue, Sub-Ser E, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2033		1,000		1,247



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Sacramento, Water Revenue, RB
Pre-Refunded @ 100
5.000%, 09/01/2023 (C)	$	1,395	$	1,548
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2024		350		399
San Diego County, Water Authority, Ser B, RB
Callable 05/01/2031 @ 100
4.000%, 05/01/2038		4,875		6,084
San Francisco City & County, Airport Commission San Francisco International Airport, Ser A, AMT, RB
Callable 05/01/2031 @ 100
5.000%, 05/01/2032		1,305		1,733
San Francisco City & County, Airport Commission San Francisco International Airport, Ser B, RB
Callable 05/01/2031 @ 100
5.000%, 05/01/2035		3,000		4,035
5.000%, 05/01/2036		2,320		3,108
San Francisco City & County, Ser D-1, GO
Callable 06/15/2028 @ 100
4.000%, 06/15/2039		1,580		1,877
4.000%, 06/15/2040		1,640		1,945
San Joaquin Hills, Transportation Corridor Agency, Ser Senior Lien A, RB
Callable 01/15/2025 @ 100
5.000%, 01/15/2029		1,165		1,342
Southern California, Water District, Ser A, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2028		5,000		5,912
Stockton, Successor Agency to the Redevelopment Agency, Ser A, TA, AGM
Callable 09/01/2026 @ 100
5.000%, 09/01/2030		1,750		2,098
5.000%, 09/01/2031		1,815		2,173


				172,174


Colorado — 3.3%
Colorado State, Department of Transportation, COP
Callable 06/15/2026 @ 100
5.000%, 06/15/2030		350		419
5.000%, 06/15/2031		500		598
Colorado State, Health Facilities Authority, Adventhealth Obligated Group Project, RB
5.000%, 11/15/2049 (A)		2,500		3,074



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Colorado State, Health Facilities Authority, Commonspirit Health Project, Ser A, RB
Callable 08/01/2029 @ 100
5.000%, 08/01/2034	$	1,500	$	1,897
5.000%, 08/01/2037		2,000		2,508
5.000%, 08/01/2038		1,000		1,251
4.000%, 08/01/2037		1,500		1,741
4.000%, 08/01/2038		1,250		1,446
Colorado State, Health Facilities Authority, Covenant Living Communities Project, RB
Callable 12/01/2027 @ 103
4.000%, 12/01/2040		205		237
Colorado State, Health Facilities Authority, SCL Health System Project, Ser A, RB
5.000%, 01/01/2030		2,500		3,295
Colorado State, Health Facilities Authority, Sunbelt Obligated Group Project, RB
5.000%, 11/15/2036 (A)		6,425		7,897
Colorado State, Housing & Finance Authority, Ser K, RB, GNMA
Callable 11/01/2028 @ 100
3.875%, 05/01/2050		1,155		1,286
Denver City & County, Airport System Revenue Authority, Ser A, AMT, RB
Callable 11/15/2027 @ 100
5.000%, 11/15/2030		1,250		1,551
Denver City & County, Airport System Revenue Authority, Ser A, RB
Callable 11/15/2026 @ 100
5.000%, 11/15/2031		1,000		1,211
Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB
Callable 11/15/2023 @ 100
5.500%, 11/15/2027		10,000		11,198
Denver City & County, Airport System Revenue Authority, Sub-Ser A, AMT, RB
Callable 12/01/2028 @ 100
5.000%, 12/01/2031		2,000		2,516
Denver City & County, Airport System Revenue Authority, Sub-Ser B, RB
Callable 11/15/2023 @ 100
5.250%, 11/15/2026		2,000		2,243
Denver City & County, Convention Center Expansion Project, Ser 2018-A, COP
Callable 06/01/2026 @ 100
5.000%, 06/01/2030		1,465		1,754
Denver City & County, Convention Center Expansion Project, Ser A, COP
Callable 06/01/2026 @ 100
5.000%, 06/01/2032		1,360		1,626



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Denver, Convention Center Hotel Authority, RB
5.000%, 12/01/2025	$	1,900	$	2,234
Denver, Convention Center Hotel Authority, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2029		400		474
5.000%, 12/01/2031		855		1,007
5.000%, 12/01/2032		1,200		1,411
5.000%, 12/01/2034		1,000		1,170
5.000%, 12/01/2035		800		935
5.000%, 12/01/2036		600		700
Dominion, Water & Sanitation District, RB
Callable 12/01/2021 @ 102
5.250%, 12/01/2027		665		693
E-470, Public Highway Authority, Ser B, RB
Callable 06/01/2024 @ 100
0.357%, 09/01/2039 (A)		610		610
Park Creek, Metropolitan District, Ser A, RB, AGM
Callable 12/01/2029 @ 100
4.000%, 12/01/2032		1,000		1,220
Regional Transportation District, Eagle P3 Project, RB
5.000%, 01/15/2029		600		761
5.000%, 07/15/2029		400		512
4.000%, 07/15/2033		1,000		1,252
Regional Transportation District, Eagle P3 Project, RB
Callable 01/15/2031 @ 100
5.000%, 07/15/2031		1,200		1,575
5.000%, 07/15/2032		2,310		3,018
4.000%, 07/15/2036		450		538
4.000%, 07/15/2038		700		831
University of Colorado, Hospital Authority, RB
Callable 09/01/2021 @ 100
5.000%, 11/15/2038 (A)		5,000		5,059
Vauxmont Metropolitan District, Sub-Ser, GO, AGM
Callable 12/15/2024 @ 103
5.000%, 12/15/2026		220		259


				72,007


Connecticut — 1.6%
Connecticut State, Health & Educational Facilities Authority, Covenant Home Project, Ser B, RB
Callable 12/01/2026 @ 102
5.000%, 12/01/2036		1,230		1,457



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Connecticut State, Health & Educational Facilities Authority, Sacred Heart University Project, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2034	$	900	$	1,084
5.000%, 07/01/2036		700		841
Connecticut State, Health & Educational Facilities Authority, University of Hartford Project, RB
5.000%, 07/01/2026		255		302
Connecticut State, Health & Educational Facilities Authority, Univesrity of Hartford Project, RB
5.000%, 07/01/2025		390		450
Connecticut State, Ser A, GO
Callable 10/15/2023 @ 100
5.000%, 10/15/2025		10,000		11,112
Connecticut State, Ser C, GO
5.000%, 06/15/2026		2,460		3,003
Connecticut State, Ser E, GO
Callable 09/15/2028 @ 100
5.000%, 09/15/2029		5,000		6,413
Connecticut State, Special Tax Obligation Transportation Infrastructure, Ser A, RB
Callable 09/01/2024 @ 100
5.000%, 09/01/2034		2,500		2,837
Connecticut State, Special Tax Obligation Transportation Infrastructure, Ser A, RB
Callable 08/01/2025 @ 100
5.000%, 08/01/2028		1,950		2,292
Connecticut State, Special Tax Obligation Transportation Infrastructure, Ser B, RB
Callable 10/01/2028 @ 100
5.000%, 10/01/2030		2,000		2,546
Connecticut State, Special Tax Revenue, RB
Callable 05/01/2030 @ 100
5.000%, 05/01/2031		1,000		1,322


				33,659


District of Columbia — 0.8%
District of Columbia, Ser D, GO
Callable 12/01/2026 @ 100
5.000%, 06/01/2033		2,500		3,077
Metropolitan Washington, Airports Authority, AMT, RB
Callable 10/01/2027 @ 100
5.000%, 10/01/2028		2,000		2,496
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
5.000%, 10/01/2027		4,500		5,655



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
Callable 10/01/2023 @ 100
5.000%, 10/01/2027	$	2,705	$	2,985
Metropolitan Washington, Airports Authority, Sub-Ser, RB
Callable 10/01/2029 @ 100
4.000%, 10/01/2035		1,000		1,178
4.000%, 10/01/2036		1,500		1,761
4.000%, 10/01/2038		1,000		1,166


				18,318


Florida — 6.7%
Alachua County, Celebration Pointe, Community Development District No. 1, SAB
4.750%, 05/01/2024		200		213
Alachua County, Health Facilities Authority, RB
Callable 06/01/2026 @ 100
5.000%, 12/01/2037 (A)		4,000		4,775
Alachua County, Health Facilities Authority, RB
Callable 12/01/2029 @ 100
5.000%, 12/01/2030		1,500		1,945
Broward County, Airport System Revenue, AMT, RB
Callable 10/01/2027 @ 100
5.000%, 10/01/2034		1,300		1,599
5.000%, 10/01/2035		2,000		2,457
Broward County, Airport System Revenue, GO
5.000%, 07/01/2027		2,885		3,634
Broward County, Airport System Revenue, Ser B, AMT, RB
5.000%, 10/01/2029		1,000		1,294
Broward County, Port Facilities Revenue, Ser B, AMT, RB
5.000%, 09/01/2021 (E)		1,675		1,695
5.000%, 09/01/2021		825		834
Broward County, Port Facilities Revenue, Ser C, RB
5.000%, 09/01/2028		1,000		1,261
Broward County, Shool District, Ser A, COP
5.000%, 07/01/2028		5,000		6,368
Capital Projects Finance Authority, Florida University Project, Ser A-1, RB
5.000%, 10/01/2027		365		444
Central Florida, Expressway Authority, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2029		1,250		1,559



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Central Florida, Expressway Authority, RB, AGM
5.000%, 07/01/2027	$	2,900	$	3,635
Central Florida, Expressway Authority, RB, AGM
Callable 07/01/2031 @ 100
4.000%, 07/01/2034		770		956
Escambia County, Health Facilities Authority, RB
Callable 02/15/2030 @ 100
4.000%, 08/15/2050		2,540		2,905
Florida State, Capital Trust Agency, Tuscan Gardens Community, Senior Living, Ser A, RB
7.000%, 04/01/2035 (F)		1,205		640
Florida State, Capital Trust Agency, University Bridge, Student Housing Project, RB
Callable 12/01/2028 @ 100
5.250%, 12/01/2043 (B)		3,000		3,485
Florida State, Citizens Property Insurance, Coastal Account, Ser A1, RB
Callable 12/01/2024 @ 100
5.000%, 06/01/2025		15,000		17,413
Florida State, Department of Transportation, Right of Way Project, GO
Callable 07/01/2028 @ 100
4.000%, 07/01/2033		5,000		6,028
Florida State, Development Finance, Brightline Passenger Rail Project, AMT, RB
Callable 01/01/2024 @ 107
7.375%, 01/01/2049 (B)		2,825		3,061
Florida State, Development Finance, Nova Southern University Project, RB
5.000%, 04/01/2026		285		339
5.000%, 04/01/2027		300		366
Florida State, Development Finance, Surface Transportation Facility, Virgin Trains USA Passenger Rail Project, AMT, RB
Callable 07/06/2021 @ 104
6.500%, 01/01/2049 (A)(B)		1,000		1,015
Florida State, Higher Educational Facilities Financial Authority, Ringling College Project, RB
Callable 03/01/2027 @ 100
5.000%, 03/01/2037		1,295		1,503
Florida State, Municipal Power Agency, All Requirements Power Project, RB
Callable 10/01/2025 @ 100
5.000%, 10/01/2028		1,000		1,182



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Florida State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2024	$	1,480	$	1,705
Florida State, Sunshine Skyway Bridge, Ser A, RB
Callable 07/01/2029 @ 100
4.000%, 07/01/2033		2,930		3,484
Greater Orlando, Aviation Authority, Ser A, AMT, RB
Callable 10/01/2029 @ 100
5.000%, 10/01/2030		1,500		1,930
Hillsborough County, Solid Waste & Resource Recovery Revenue, Ser A, AMT, RB
Callable 09/01/2026 @ 100
5.000%, 09/01/2031		3,695		4,410
Jacksonville, Special Revenue Authority, RB
Callable 10/01/2024 @ 100
5.000%, 10/01/2027		4,265		4,905
JEA Electric System Revenue, Ser Three, RB
Callable 04/01/2030 @ 100
5.000%, 10/01/2035		3,000		3,898
JEA Electric System Revenue, Sub-Ser A, RB
Pre-Refunded @ 100
5.000%, 10/01/2023 (C)		900		1,001
5.000%, 10/01/2025 (C)		970		1,078
JEA Water & Sewer System Revenue, Ser A, RB
Callable 04/01/2030 @ 100
5.000%, 10/01/2035		1,000		1,307
Lee County, Solid Waste System Revenue, AMT, RB, NATL
5.000%, 10/01/2026		2,425		2,907
Lee County, Transportation Facilities Revenue, RB, AGM
5.000%, 10/01/2023		1,800		1,984
Miami Beach, Redevelopment Agency, TA
Callable 02/01/2024 @ 100
5.000%, 02/01/2030		2,500		2,794
Miami-Dade County, Educational Facilities Authority, University of Miami Project, Ser A, RB
Callable 04/01/2025 @ 100
5.000%, 04/01/2030		430		498
5.000%, 04/01/2031		910		1,053
Miami-Dade County, School Board Foundation, Ser B, COP
Callable 05/01/2025 @ 100
5.000%, 05/01/2026		6,985		8,181



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Miami-Dade County, Seaport Project, Ser A, RB
Callable 10/01/2023 @ 100
5.500%, 10/01/2027	$	1,330	$	1,490
Miami-Dade County, Water & Sewer System Revenue, RB
Callable 04/01/2031 @ 100
4.000%, 10/01/2034		1,750		2,166
Orange County, Convention Center, RB
5.000%, 10/01/2024		280		322
Orange County, Convention Center, RB
Callable 10/01/2025 @ 100
5.000%, 10/01/2026		755		893
Orange County, Tourist Development Tax Revenue, Ser B, RB
Callable 10/01/2026 @ 100
5.000%, 10/01/2032		3,270		3,952
Orlando, Utilities Commission, Ser ES, RB
Callable 10/01/2027 @ 100
5.000%, 10/01/2036		3,500		4,348
Osceola County, Transportation Revenue, Ser A-2, RB
2.498%, 10/01/2027 (D)		360		325
2.362%, 10/01/2026 (D)		275		254
2.152%, 10/01/2025 (D)		125		118
Palm Beach County, Health Facilities Authority, Retirement Life Community Project, RB
Callable 11/15/2026 @ 100
5.000%, 11/15/2032		5,850		6,945
Palm Beach County, Health Facilities Authority, Toby & Leon Cooperman, RB
2.625%, 06/01/2025		1,075		1,104
Port Saint Lucie, Utility System Revenue, RB
Callable 09/01/2026 @ 100
5.000%, 09/01/2029		1,500		1,833
Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB
Callable 05/15/2022 @ 100
3.750%, 11/15/2025		835		823
Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB
Callable 11/15/2026 @ 103
5.250%, 11/15/2039		3,660		3,776
South Miami, Health Facilities Authority, Baptist Health South Florida, RB
Callable 08/15/2027 @ 100
5.000%, 08/15/2031		3,000		3,706



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Tampa, Cigarette Tax Allocation, Ser A, RB
Callable 09/01/2030 @ 80
3.805%, 09/01/2036 (D)	$	305	$	199
Volusia County, Educational Facility Authority, Embry-Riddle Aeronautical University Project, RB
5.000%, 10/15/2026		750		912
Volusia County, Educational Facility Authority, Embry-Riddle Aeronautical University Project, RB
Callable 10/15/2029 @ 100
4.000%, 10/15/2035		270		317


				145,224


Georgia — 2.6%
Appling County, Development Authority, Oglethorpe Power Corp. Hatch Project, RB
1.500%, 01/01/2038 (A)		300		307
Atlanta, Water & Wastewater Revenue Authority, RB
Pre-Refunded @ 100
5.000%, 05/01/2025 (C)		5,010		5,908
Atlanta, Water & Wastewater Revenue Authority, Ser B, RB
Pre-Refunded @ 100
5.250%, 11/01/2023 (C)		1,000		1,123
Burke County, Development Authority, Georgia Power Company Project, RB
1.550%, 12/01/2049 (A)		2,750		2,792
Burke County, Development Authority, Oglethorpe Power Corp Project, RB
1.500%, 01/01/2040 (A)		785		804
Clarke County, Hospital Authority, Piedmont Healthcare, RB
5.000%, 07/01/2022		2,875		3,024
5.000%, 07/01/2024		1,075		1,226
Fulton County, Development Authority, RB
Callable 04/01/2027 @ 100
5.000%, 04/01/2033		1,000		1,209
George L Smith II, Georgia World Congress Center Authority, Convention Center Hotel, RB
Callable 01/01/2031 @ 100
4.000%, 01/01/2054		1,500		1,747
Georgia State, Main Street Natural Gas, Ser A1, RB
5.500%, 09/15/2028		1,915		2,461
Georgia State, Main Street Natural Gas, Ser B, RB
Callable 06/01/2023 @ 100
0.809%, 04/01/2048 (A)		1,865		1,875



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Georgia State, Main Street Natural Gas, Ser C, RB
Callable 06/01/2026 @ 100
4.000%, 03/01/2050 (A)	$	6,640	$	7,700
Georgia State, Main Street Natural Gas, Sub-Ser C, RB
Callable 09/01/2023 @ 100
4.000%, 08/01/2048 (A)		4,000		4,341
Georgia State, Municipal Electric Authority, Combined Cycle Project, RB
5.000%, 11/01/2027		710		893
Georgia State, Municipal Electric Authority, Plant Vogtle Units 3 & 4 Project, RB
Callable 07/01/2028 @ 100
5.000%, 01/01/2032		1,025		1,275
5.000%, 01/01/2035		1,500		1,853
Georgia State, Municipal Electric Authority, Project One, Sub-Ser A, RB
Callable 07/01/2026 @ 100
5.000%, 01/01/2028		4,140		4,979
Georgia State, Municipal Electric Authority, Sub-Ser A, RB
5.000%, 01/01/2024		555		619
Georgia State, Ser A1, GO
5.000%, 02/01/2024		5,000		5,638
Georgia State, Ser C, GO
5.000%, 10/01/2021		3,000		3,049
Henry County, Hospital Authority, Piedmont Fayette Hospital Project, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2026		1,650		1,867
5.000%, 07/01/2027		1,390		1,571


				56,261


Hawaii — 0.5%
Hawaii State, Airports System Revenue, Ser A, AMT, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2032		3,000		3,785
Hawaii State, Ser FW, GO
Callable 01/01/2029 @ 100
4.000%, 01/01/2034		2,000		2,380
4.000%, 01/01/2037		4,500		5,319


				11,484


Idaho — 0.2%
Idaho State, Building Authority, Lewis-Clark State College Project, Ser F, RB
5.000%, 09/01/2023		630		667



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Idaho State, Housing & Finance Association, Anser of Idaho Inc Project, Ser OF, RB
Callable 05/01/2031 @ 100
3.000%, 05/01/2041	$	1,500	$	1,605
Idaho State, Housing & Finance Association, Garvee, Ser A, RB
5.000%, 07/15/2029		835		1,092


				3,364


Illinois — 9.7%
Champaign County, Community Unit School District No. 4 Champaign, Ser A, GO
1.608%, 01/01/2025 (D)		325		316
Chicago, Airport Authority, O’Hare International Airport, RB
Callable 01/01/2023 @ 100
5.500%, 01/01/2027		2,000		2,152
Chicago, Airport Authority, O’Hare International Airport, Ser A, AMT, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2029		5,000		5,735
Chicago, Airport Authority, O’Hare International Airport, Ser A, AMT, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2038		1,500		1,793
Chicago, Airport Authority, O’Hare International Airport, Ser A, AMT, RB
Callable 01/01/2029 @ 100
5.000%, 01/01/2036		1,290		1,601
Chicago, Airport Authority, O’Hare International Airport, Ser A, RB
Callable 01/01/2030 @ 100
5.000%, 01/01/2032		750		977
Chicago, Airport Authority, O’Hare International Airport, Ser B, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2030		4,000		4,620
5.000%, 01/01/2032		5,840		6,745
Chicago, Airport Authority, O’Hare International Airport, Ser B, RB
Callable 01/01/2026 @ 100
5.000%, 01/01/2035		3,500		4,152
Chicago, Airport Authority, O’Hare International Airport, Ser B, RB
Callable 01/01/2030 @ 100
5.000%, 01/01/2031		740		968
Chicago, Airport Authority, O’Hare International Airport, Ser C, RB
Callable 01/01/2026 @ 100
5.000%, 01/01/2031		2,450		2,908



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Chicago, Airport Authority, O’Hare International Airport, Ser E, RB
Callable 01/01/2030 @ 100
5.000%, 01/01/2032	$	510	$	664
Chicago, Board of Education, RB
Callable 04/01/2027 @ 100
5.000%, 04/01/2033		500		587
5.000%, 04/01/2034		620		726
5.000%, 04/01/2036		445		519
5.000%, 04/01/2037		725		843
Chicago, Board of Education, Ser A, GO
Callable 12/01/2030 @ 100
5.000%, 12/01/2032		400		507
5.000%, 12/01/2033		690		871
5.000%, 12/01/2034		345		434
Chicago, Board of Education, Ser B, GO
5.000%, 12/01/2027		650		797
5.000%, 12/01/2028		100		124
Chicago, Board of Education, Ser C, GO
Callable 12/01/2027 @ 100
5.000%, 12/01/2034		2,840		3,411
Chicago, Board of Education, Ser D, GO
Callable 12/01/2027 @ 100
5.000%, 12/01/2031		2,840		3,435
Chicago, Board of Education, Ser D, GO
Callable 12/01/2028 @ 100
5.000%, 12/01/2046		640		768
Chicago, Midway International Airport, Ser A, AMT, RB
Callable 01/01/2024 @ 100
5.000%, 01/01/2028		2,970		3,295
Chicago, Motor Fuel Tax Revenue, RB
5.000%, 01/01/2024		1,000		1,066
Chicago, Ser A, GO
5.000%, 01/01/2023		355		378
Chicago, Ser A, GO
Callable 01/01/2024 @ 100
5.250%, 01/01/2029		1,210		1,326
Chicago, Ser A, GO
Callable 01/01/2029 @ 100
5.500%, 01/01/2035		3,020		3,775
Chicago, Ser C, GO
5.000%, 01/01/2026		1,130		1,323
Chicago, Transit Authority, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2046		1,500		1,800
Chicago, Transit Authority, Ser A, RB
Callable 12/01/2029 @ 100
5.000%, 12/01/2045		550		680
4.000%, 12/01/2050		2,000		2,283
Chicago, Waterworks Revenue, RB
5.000%, 11/01/2026		1,820		2,217



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Chicago, Waterworks Revenue, RB
Callable 11/01/2026 @ 100
5.000%, 11/01/2027	$	2,360	$	2,901
Chicago, Waterworks Revenue, Second Lien Project, RB
Callable 11/01/2024 @ 100
5.000%, 11/01/2029		1,000		1,136
5.000%, 11/01/2034		1,500		1,697
Chicago, Waterworks Revenue, Ser 2017-2, RB, AGM
Callable 11/01/2027 @ 100
5.000%, 11/01/2035		5,000		6,197
Cook County, Ser A, GO
Callable 11/15/2030 @ 100
5.000%, 11/15/2033		450		595
Cook County, Tax Revenue Authority, RB
Callable 11/15/2027 @ 100
5.000%, 11/15/2035		4,000		4,988
Cook County, Tax Revenue Authority, Ser A, RB
Callable 11/15/2030 @ 100
5.000%, 11/15/2031		560		753
Illinois State, Development Authority, Memorial Group Project, RB
Pre-Refunded @ 100
7.125%, 11/01/2023 (C)		3,310		3,857
Illinois State, Finance Authority, Advocate Health Care Project, RB
Pre-Refunded @ 100
5.000%, 06/01/2023 (C)		5,550		6,083
Illinois State, Finance Authority, Chicago International Charter School Project, RB
Callable 12/01/2027 @ 100
5.000%, 12/01/2037		1,500		1,703
Illinois State, Finance Authority, Health Care System Project, Ser A, RB
Callable 11/15/2025 @ 100
5.000%, 11/15/2029		1,885		2,195
Illinois State, Finance Authority, Health Care System, RB
Callable 05/15/2024 @ 100
5.000%, 05/15/2050 (A)		605		685
Illinois State, Finance Authority, Illinois Institute of Technology, RB
5.000%, 09/01/2021		160		162
5.000%, 09/01/2022		175		185
Illinois State, Finance Authority, Northwestern University, RB
Callable 12/01/2025 @ 100
5.000%, 12/01/2026		2,500		2,983



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Illinois State, Finance Authority, Rehabilitation Institute of Chicago Project, RB
Callable 07/01/2023 @ 100
5.500%, 07/01/2028	$	1,000	$	1,077
Illinois State, Finance Authority, University Medical Center Project, Ser A, RB
Callable 05/15/2025 @ 100
5.000%, 11/15/2033		1,050		1,224
Illinois State, Finance Authority, University Medical Center Project, Ser B, RB
Callable 05/15/2025 @ 100
5.000%, 11/15/2034		2,000		2,329
Illinois State, Finance Authority, University of Chicago Project, Ser A, RB
Callable 10/01/2021 @ 100
5.000%, 10/01/2030		1,000		1,015
Illinois State, Finance Authority, University of Illinois Chicago Project, RB
5.000%, 02/15/2026		500		561
Illinois State, Finance Authority, University of Illinois Chicago Project, RB
Callable 08/15/2027 @ 100
5.000%, 02/15/2028		260		300
5.000%, 02/15/2030		390		447
5.000%, 02/15/2032		265		302
Illinois State, GO
5.500%, 05/01/2030		3,750		4,946
5.375%, 05/01/2023		165		181
Illinois State, GO
Callable 03/01/2022 @ 100
5.000%, 03/01/2036		1,215		1,256
Illinois State, GO
Callable 02/01/2024 @ 100
5.250%, 02/01/2030		3,350		3,701
5.250%, 02/01/2032		935		1,030
5.250%, 02/01/2033		735		808
Illinois State, GO
Callable 11/01/2026 @ 100
5.000%, 11/01/2036		2,970		3,449
Illinois State, Municipal Electric Agency, Ser A, RB
Callable 08/01/2025 @ 100
5.000%, 02/01/2032		5,000		5,877
Illinois State, Rebuild Illinois Program, Ser B, GO
Callable 11/01/2029 @ 100
4.000%, 11/01/2035		2,800		3,216
Illinois State, Regional Transportation Authority, RB, AGM
6.000%, 06/01/2025		3,000		3,474



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Illinois State, Regional Transportation Authority, RB, NATL
6.500%, 07/01/2030	$	1,500	$	2,030
Illinois State, Regional Transportation Authority, Ser A, RB, NATL
6.000%, 07/01/2031		1,000		1,345
5.500%, 07/01/2023		2,095		2,310
Illinois State, Ser A, GO
5.000%, 03/01/2029		895		1,124
Illinois State, Ser A, GO
Callable 12/01/2027 @ 100
5.000%, 12/01/2034		780		929
Illinois State, Ser A, GO
Callable 03/01/2031 @ 100
5.000%, 03/01/2034		3,000		3,844
Illinois State, Ser A, RB, BAM
5.000%, 06/15/2028		4,600		5,683
Illinois State, Ser B, GO
Callable 10/01/2030 @ 100
5.000%, 10/01/2031		810		1,037
4.000%, 10/01/2035		4,020		4,678
Illinois State, Ser C, GO
Callable 10/01/2030 @ 100
4.000%, 10/01/2037		215		249
Illinois State, Ser D, GO
5.000%, 11/01/2023		1,000		1,108
5.000%, 11/01/2025		1,585		1,874
Illinois State, Ser D, GO
Callable 11/01/2027 @ 100
5.000%, 11/01/2028		1,000		1,217
Illinois State, Sports Facilities Authority, RB, BAM
5.000%, 06/15/2029		1,500		1,903
Illinois State, Toll Highway Authority, RB
5.000%, 01/01/2029		1,000		1,292
Illinois State, Toll Highway Authority, Ser A, RB
Callable 01/01/2023 @ 100
5.000%, 01/01/2031		3,035		3,256
Illinois State, Toll Highway Authority, Ser A, RB
Callable 01/01/2026 @ 100
5.000%, 12/01/2032		2,000		2,381
Illinois State, Toll Highway Authority, Ser B, RB
Callable 01/01/2024 @ 100
5.000%, 01/01/2032		1,250		1,393
Kane County, School District No. 131 Aurora East Side, Ser B, GO, AGM
5.000%, 12/01/2026		815		985



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Kendall Kane & Will Counties, School District No. 308, Ser A, GO, AGM
5.000%, 02/01/2025	$	235	$	270
5.000%, 02/01/2027		1,055		1,276
Metropolitan Chicago, Water Reclamation District, Ser A, GO
5.000%, 12/01/2023		2,250		2,509
Metropolitan Chicago, Water Reclamation District, Ser A, GO
Callable 12/01/2026 @ 100
5.000%, 12/01/2031		3,275		4,031
Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, RB
Callable 12/15/2027 @ 100
5.000%, 12/15/2031		250		305
5.000%, 12/15/2032		255		311
5.000%, 12/15/2033		300		364
5.000%, 12/15/2034		400		485
Railsplitter, Tobacco Settlement Authority, RB
Callable 06/01/2026 @ 100
5.000%, 06/01/2027		6,100		7,366
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2027		2,000		2,440
5.000%, 01/01/2028		380		475
Sales Tax Securitization, Ser A, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2034		3,760		4,590
5.000%, 01/01/2037		1,000		1,214
Sales Tax Securitization, Ser A, RB
Callable 01/01/2030 @ 100
5.000%, 01/01/2036		3,750		4,766
Sales Tax Securitization, Ser A, RB, BAM
Callable 01/01/2030 @ 100
5.000%, 01/01/2037		200		253
University of Illinois, Ser A, RB
Callable 04/01/2023 @ 100
5.000%, 04/01/2028		3,210		3,464
University of Illinois, Ser A, RB
Callable 04/01/2024 @ 100
5.000%, 04/01/2028		2,035		2,270


				210,136


Indiana — 1.3%
Indiana State, Educational Facilities Finance Authority, Butler University Project, Ser S, RB
Callable 02/01/2022 @ 100
5.000%, 02/01/2029		1,000		1,029



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Indiana State, Finance Authority, Indianapolis Power & Light Company Project, Ser S, RB
3.125%, 12/01/2024	$	1,930	$	2,084
Indiana State, Finance Authority, Stadium Project, Ser A, RB
Callable 08/01/2025 @ 100
5.250%, 02/01/2035		2,000		2,372
Indiana State, Finance Authority, University Health Project, Ser A, RB
5.000%, 12/01/2024		2,000		2,317
Indiana State, Housing & Community Development Authority, Ser A, RB, GNMA/FNMA/FHLMC
Callable 07/01/2030 @ 100
3.000%, 07/01/2051		340		372
Indiana State, Housing & Community Development Authority, Ser B-1, RB, GNMA
Callable 07/01/2029 @ 100
3.250%, 07/01/2049		530		574
Indiana State, Municipal Power Agency, Ser A, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2032		1,250		1,441
Indiana State, Municipal Power Agency, Ser A, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2032		2,000		2,506
Indianapolis, Local Public Improvement Bond Bank, Indianapolis Airport Authority, AMT, RB
5.000%, 01/01/2023		5,750		6,166
Richmond, Hospital Authority, Reid Hospital Project, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2035		3,400		3,795
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
5.000%, 11/01/2047 (A)		5,000		5,777


				28,433


Iowa — 0.3%
Iowa State, Finance Authority, Lifespace Communities Project, RB
Callable 06/24/2021 @ 100
2.875%, 05/15/2049		225		227
Iowa State, Finance Authority, Ser B, RB, GNMA/FNMA/FHLMC
Callable 07/01/2030 @ 100
3.000%, 07/01/2051		1,130		1,240



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Iowa State, Finance Authority, State Revolving Fund, RB
Pre-Refunded @ 100
5.000%, 08/01/2021 (C)	$	1,500	$	1,512
Iowa State, Student Loan Liquidity, Ser B, AMT, RB
5.000%, 12/01/2022		190		203
Iowa State, Tobacco Settlement Authority, Ser A-2, RB
Callable 06/01/2031 @ 100
4.000%, 06/01/2035		1,075		1,305
4.000%, 06/01/2036		300		362
4.000%, 06/01/2038		300		360
4.000%, 06/01/2039		600		717
4.000%, 06/01/2040		300		357
PEFA, Gas Project Revenue, RB
Callable 06/01/2026 @ 101
5.000%, 09/01/2049 (A)		1,000		1,202


				7,485


Kansas — 0.4%
Kansas State, Department of Transportation, RB
Callable 09/01/2025 @ 100
5.000%, 09/01/2033		3,500		4,144
Kansas State, Development Finance Authority, Adventist Health Sunbelt Project, RB
Callable 05/15/2022 @ 100
5.000%, 11/15/2029		4,000		4,185
Wyandotte County, Kansas City Sales Tax, Vacation Village Project, RB
5.000%, 09/01/2027 (F)		1,005		1,017


				9,346


Kentucky — 1.7%
Kentucky State, Public Energy Authority, Ser A, RB
Callable 01/02/2024 @ 100
4.000%, 04/01/2048 (A)		15,280		16,729
Kentucky State, Public Energy Authority, Ser A, RB
Callable 03/01/2026 @ 101
4.000%, 12/01/2050 (A)		1,775		2,050
Kentucky State, Public Energy Authority, Ser B, RB
Callable 10/01/2024 @ 100
4.000%, 01/01/2049 (A)		15,725		17,500



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Louisville & Jefferson County, Metropolitan Government & Health System, RB
Callable 07/01/2026 @ 101
5.000%, 10/01/2047 (A)	$	1,175	$	1,434


				37,713


Louisiana — 1.3%
East Baton Rouge, Sewerage Commission, Ser B, RB
Pre-Refunded @ 100
5.000%, 02/01/2025 (C)		1,000		1,170
Louisiana State, Highway Improvement, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/15/2024 (C)		3,500		3,998
Louisiana State, Public Facilities Authority, Tulane University Project, Ser A, RB
Callable 12/15/2026 @ 100
5.000%, 12/15/2030		3,000		3,640
New Orleans, Aviation Board, Consolidated Rental Car Facility Project, RB, AGM
Callable 01/01/2028 @ 100
5.000%, 01/01/2031		1,260		1,564
New Orleans, Aviation Board, Consolidated Rental Car Facility Project, RB, AGM
Callable 10/01/2028 @ 100
5.000%, 10/01/2036		1,550		1,939
New Orleans, Aviation Board, General North Terminal Project, Ser B, AMT, RB, AGM
Callable 01/01/2025 @ 100
5.000%, 01/01/2028		3,000		3,455
5.000%, 01/01/2032		2,100		2,390
5.000%, 01/01/2033		2,100		2,385
New Orleans, Ernest N Morial Exhibition Hall Authority, Special Tax
Callable 07/15/2022 @ 100
5.000%, 07/15/2026		1,000		1,052
5.000%, 07/15/2027		1,750		1,841
New Orleans, Regional Transit Authority, Ser A, RB, AGM
5.000%, 01/01/2027		515		635
St. John the Baptist Parish, Marathon Oil Project, RB
2.200%, 06/01/2037 (A)		1,000		1,041
2.125%, 06/01/2037 (A)		2,750		2,841
St. John the Baptist Parish, Marathon Oil Project, Sub-Ser, RB
2.375%, 06/01/2037 (A)		590		619


				28,570



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Maine — 0.0%
Maine, Health & Higher Educational Facilities Authority, Ser A, RB, AGM
Callable 07/01/2031 @ 100
4.000%, 07/01/2035	$	195	$	238
4.000%, 07/01/2037		260		315


				553


Maryland — 1.3%
Maryland State, Community Development Administration, Ser C, RB
Callable 03/01/2029 @ 100
3.500%, 03/01/2050		570		624
Maryland State, Department of Transportation, RB
Callable 10/01/2027 @ 100
4.000%, 10/01/2032		1,500		1,773
Maryland State, Health & Higher Educational Facilities Authority, Adventist HealthCare, RB
Callable 01/01/2027 @ 100
5.500%, 01/01/2036		2,000		2,397
Maryland State, Health & Higher Educational Facilities Authority, Lifebridge Health, RB
Callable 07/01/2026 @ 100
4.000%, 07/01/2035		1,000		1,122
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical System, Ser B, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2032		5,000		6,133
Maryland State, Ser A, GO
5.000%, 03/15/2025		5,000		5,867
Maryland State, Transportation Authority, Baltimore/Washington International Airport, AMT, RB
5.000%, 06/01/2027		4,850		5,995
Montgomery County, Ser A, GO
Pre-Refunded @ 100
5.000%, 11/01/2024 (C)		1,625		1,887
Prince George’s County, Collington Episcopal Life Project, RB
Callable 04/01/2027 @ 100
5.000%, 04/01/2030		2,880		3,092


				28,890


Massachusetts — 2.4%
Massachusetts State, Development Finance Agency, Milford Regional Medical Center Project, Ser S, RB
5.000%, 07/15/2025 (B)		120		136



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Partner Health Care, RB
Pre-Refunded @ 100
5.000%, 07/01/2021 (C)	$	755	$	758
Massachusetts State, Development Finance Agency, Provident Commonwealth Education Resources, RB
Callable 10/01/2026 @ 100
5.000%, 10/01/2027		2,965		3,485
Massachusetts State, Development Finance Agency, Ser A, RB
Callable 01/01/2029 @ 100
5.000%, 07/01/2034		1,325		1,647
Massachusetts State, Development Finance Agency, Suffolk University, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2035		145		175
Massachusetts State, Development Finance Agency, UMass Student Housing Project, RB
5.000%, 10/01/2026		2,225		2,630
Massachusetts State, Development Finance Agency, Wellforce Project, Ser C, RB, AGM
5.000%, 10/01/2022		300		319
5.000%, 10/01/2023		300		331
Massachusetts State, Educational Financing Authority, AMT, RB
5.000%, 01/01/2025		1,000		1,149
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
5.000%, 07/01/2025		2,500		2,916
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2027		415		504
5.000%, 07/01/2028		1,750		2,164
Massachusetts State, Educational Financing Authority, Ser K, AMT, RB
5.000%, 07/01/2022		5,000		5,259
Massachusetts State, Federal Highway Grant, Accelerated Bridge Project, Ser S, RB
Callable 06/15/2025 @ 100
5.000%, 06/15/2026		2,500		2,946
Massachusetts State, Housing Finance Agency, Ser 221, RB
Callable 06/01/2030 @ 100
3.000%, 12/01/2050		360		396
Massachusetts State, Port Authority, A-Bosfuel Project, Ser A, AMT, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2030		1,330		1,701



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Massachusetts State, Port Authority, Ser A, AMT, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2029	$	1,855	$	2,281
Massachusetts State, Port Authority, Ser A, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2031		1,250		1,468
Massachusetts State, School Building Authority, Ser C, RB
Callable 08/15/2025 @ 100
5.000%, 08/15/2029		1,370		1,625
Massachusetts State, Ser A, GO
Callable 01/01/2029 @ 100
5.000%, 01/01/2035		5,500		7,058
Massachusetts State, Ser D, GO
Callable 05/01/2029 @ 100
4.000%, 05/01/2034		6,500		7,854
Massachusetts State, Transportation Trust Fund Metropolitan Highway System Revenue, Ser A, RB
Callable 01/01/2029 @ 100
5.000%, 01/01/2034		3,000		3,787
Massachusetts State, Water Pollution Abatement Trust, RB
5.000%, 08/01/2023		2,265		2,502


				53,091


Michigan — 2.1%
Great Lakes, Water Authority, Water Supply System, Ser C, RB
5.000%, 07/01/2031		3,665		4,443
Great Lakes, Water Authority, Water Supply System, Ser D, RB
5.000%, 07/01/2036		5,000		6,009
Imlay, Community Schools, Ser I, GO
5.000%, 05/01/2029		420		551
Michigan State, Finance Authority, Detroit Water Sewage, RB, AGM
5.000%, 07/01/2022		5,000		5,260
5.000%, 07/01/2023		2,500		2,743
Michigan State, Finance Authority, Detroit Water Sewage, RB, AGM
Callable 07/01/2024 @ 100
5.000%, 07/01/2030		1,000		1,141
Michigan State, Finance Authority, Government Loan Program, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2034		2,565		3,005



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Michigan State, Finance Authority, Hospital Oakwood Project, RB
Callable 08/15/2023 @ 100
5.000%, 08/15/2031	$	3,300	$	3,576
Michigan State, Finance Authority, Hospital Sparrow Project, RB
Callable 05/15/2025 @ 100
5.000%, 11/15/2033		2,755		3,198
Michigan State, Finance Authority, Hospital Trinity Health Credit, RB
Callable 12/01/2027 @ 100
5.000%, 12/01/2034		2,000		2,484
Michigan State, Finance Authority, McLaren Health Care, RB
0.750%, 10/15/2025		235		235
0.400%, 10/15/2023		650		649
Michigan State, Hospital Finance Authority, Ascension Health Care Project, Ser Senior CR, RB
Callable 05/15/2030 @ 100
5.000%, 11/15/2047		345		437
Michigan State, Housing Development Authority, Ser B, RB
Callable 12/01/2028 @ 100
3.750%, 06/01/2050		270		299
Michigan State, Strategic Fund, I-75 Improvement Project, AMT, RB
Callable 12/31/2028 @ 100
5.000%, 12/31/2031		3,500		4,376
Utica, Community Schools, GO
5.000%, 05/01/2025		2,500		2,941
Wayne County, Airport Authority, Ser D, RB
Callable 12/01/2025 @ 100
5.000%, 12/01/2030		1,300		1,546
5.000%, 12/01/2031		1,800		2,140


				45,033


Minnesota — 0.4%
Apple Valley, Senior Living Project, RB
Callable 01/01/2022 @ 100
5.500%, 01/01/2029		1,320		1,329
5.500%, 01/01/2031		1,210		1,217
5.250%, 01/01/2037		475		380
Duluth, Independent School District No.
709, Ser A, COP
5.000%, 02/01/2025		500		574
Minneapolis & St. Paul, Metropolitan Airports Commission, Ser C, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2029		300		368
5.000%, 01/01/2031		300		365



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Minnesota State, Higher Education Facilities Authority, RB
Callable 10/01/2030 @ 100
3.000%, 10/01/2038	$	250	$	278
3.000%, 10/01/2041		1,000		1,102
Minnesota State, Municipal Power Agency, Ser A, RB
5.000%, 10/01/2022		200		213
Minnesota State, Municipal Power Agency, Ser A, RB
Callable 10/01/2024 @ 100
5.000%, 10/01/2025		350		403
5.000%, 10/01/2027		600		688
St. Cloud, Centracare Health System, Ser A, RB
Callable 05/01/2026 @ 100
5.000%, 05/01/2030		1,115		1,339
5.000%, 05/01/2031		695		834


				9,090


Mississippi — 0.4%
Mississippi State, Business Finance, Chevron USA Project, Ser A, RB
Callable 07/01/2021 @ 100
0.010%, 12/01/2030 (A)		1,000		1,000
Mississippi State, Business Finance, Chevron USA Project, Ser G, RB
Callable 07/01/2021 @ 100
0.010%, 11/01/2035 (A)		1,270		1,270
Mississippi State, Business Finance, Chevron USA Project, Ser I, RB
Callable 07/01/2021 @ 100
0.010%, 11/01/2035 (A)		700		700
Mississippi State, Home Corporation, Ser A, RB, GNMA/FNMA/FHLMC
Callable 06/01/2030 @ 100
3.000%, 12/01/2050		115		126
Mississippi State, Ser A, RB
5.000%, 10/15/2022		400		424
5.000%, 10/15/2023		285		315
Mississippi State, Ser A, RB
Callable 10/15/2028 @ 100
5.000%, 10/15/2029		300		373
5.000%, 10/15/2030		850		1,057
Mississippi State, Ser E, RB
Callable 10/15/2025 @ 100
5.000%, 10/15/2029		1,000		1,153
West Rankin, Utility Authority, RB, AGM
Callable 01/01/2025 @ 100
5.000%, 01/01/2029		1,100		1,270


				7,688



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Missouri — 1.8%
Bi-State, Development Agency of the Missouri-Illinois Metropolitan District, RB
Callable 10/01/2029 @ 100
4.000%, 10/01/2036	$	995	$	1,196
Kansas City, Airport Revenue, General Improvement Project, Ser A, AMT, RB
Pre-Refunded @ 100
5.000%, 09/01/2021 (C)		8,015		8,111
Kansas City, Land Clearance Redevelopment Authority, Convention Center Hotel Project, TA
Callable 02/01/2028 @ 100
5.000%, 02/01/2040 (B)		230		249
Kansas City, Sanitary Sewer System Revenue, Sub-Ser A, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2032		1,000		1,254
Missouri State, Health & Educational Facilities Authority, CoxHealth, Ser A, RB
Callable 11/15/2025 @ 100
5.000%, 11/15/2034		3,000		3,433
Missouri State, Health & Educational Facilities Authority, Saint Lukes Health System, RB
Callable 05/15/2026 @ 100
5.000%, 11/15/2028		1,000		1,201
Missouri State, Health & Educational Facilities Authority, SSM Health Care Project, Ser A, RB
Callable 06/01/2024 @ 100
5.000%, 06/01/2028		3,425		3,877
Missouri State, Housing Development Commission, RB, GNMA/FNMA/FHLMC
Callable 05/01/2029 @ 100
3.875%, 05/01/2050		1,085		1,209
Missouri State, Housing Development Commission, Ser A, RB, GNMA/FNMA/ FHLMC
Callable 05/01/2029 @ 100
3.500%, 11/01/2050		705		778
Missouri State, Joint Municipal Electric Utility Commission, Plum Point Project, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2029		2,000		2,299



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Missouri State, Joint Municipal Electric Utility Commission, Plum Point Project, Ser A, RB
Callable 01/01/2024 @ 100
5.000%, 01/01/2027	$	1,850	$	2,063
5.000%, 01/01/2028		1,400		1,559
Missouri State, Joint Municipal Electric Utility Commission, Prairie Project, Ser A, RB
Callable 06/01/2025 @ 100
5.000%, 12/01/2026		5,135		6,039
St Louis, Airport Revenue, St. Louis Lambert International Airport, AMT, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2032		595		754
5.000%, 07/01/2033		625		789
University of Missouri, Ser A, RB
5.000%, 11/01/2024		3,000		3,469


				38,280


Montana — 0.1%
Kalispell, Housing & Healthcare Facilities, Immanuel Lutheran Project, Ser A, RB
Callable 05/15/2025 @ 102
5.250%, 05/15/2029		1,130		1,249


Nebraska — 1.2%
Central Plains, Energy Project, Ser A, RB
5.000%, 09/01/2031		3,700		4,872
5.000%, 09/01/2034		1,000		1,380
5.000%, 09/01/2035		2,840		3,975
5.000%, 09/01/2036		3,140		4,427
5.000%, 09/01/2042		730		1,080
Nebraska State, Public Power District, Ser A, RB
Callable 01/01/2022 @ 100
5.000%, 01/01/2029		765		785
Nebraska State, Public Power District, Ser A, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2033		1,000		1,247
Nebraska State, Public Power Generation Agency, Whelan Energy Center, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2030		5,500		6,334
Omaha, Public Power District, Ser A, RB
Callable 02/01/2026 @ 100
5.000%, 02/01/2027		1,500		1,804
Washington County, Waste Water Authority, AMT, RB
0.900%, 09/01/2030 (A)		700		707


				26,611



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Nevada — 0.9%
Clark County, Airport Authority, Las Vegas McCarran International Project, RB
5.000%, 07/01/2027	$	1,545	$	1,940
Clark County, School District, Ser A, GO, AGM
5.000%, 06/15/2026		1,000		1,215
Clark County, School District, Ser B, GO, AGM
5.000%, 06/15/2029		1,000		1,308
Clark County, Ser B, GO
Callable 11/01/2026 @ 100
5.000%, 11/01/2029		5,000		6,115
Las Vegas, Convention & Visitors Authority, Ser B, RB
5.000%, 07/01/2022		200		209
5.000%, 07/01/2024		200		224
Las Vegas, Convention & Visitors Authority, Ser C, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2030		525		579
Las Vegas, Valley Water District, Ser C, GO
5.000%, 06/01/2031		3,585		4,905
Las Vegas, Valley Water District, Ser D, GO
5.000%, 06/01/2028		500		642
Reno, Sales Tax Revenue, First Lien, RB
Callable 12/01/2028 @ 100
5.000%, 06/01/2037		590		681
Reno, Sales Tax Revenue, Second Lien, RB, AGM
Callable 12/01/2028 @ 100
5.000%, 06/01/2033		400		487
Sparks, Sales Tax Revenue, Ser A, RB
2.500%, 06/15/2024 (B)		255		258


				18,563


New Hampshire — 0.1%
New Hampshire State, Business Finance Authority, RB
Callable 01/01/2026 @ 103
4.000%, 01/01/2029		300		346
4.000%, 01/01/2030		285		326
4.000%, 01/01/2031		290		330
4.000%, 01/01/2051		1,170		1,291


				2,293


New Jersey — 4.3%
New Jersey State, COVID-19 Emergency Bonds, GO
5.000%, 06/01/2026		590		715
4.000%, 06/01/2030		1,000		1,235
4.000%, 06/01/2031		3,070		3,848



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, Cigarette Tax, Ser S, RB
5.000%, 06/15/2022	$	210	$	220
New Jersey State, Economic Development Authority, Continental Airlines Project, AMT, RB
Callable 03/05/2024 @ 101
5.625%, 11/15/2030		1,160		1,301
New Jersey State, Economic Development Authority, NJ Transit Project, RB
Callable 11/01/2029 @ 100
4.000%, 11/01/2037		1,000		1,156
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		995		1,237
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
Callable 06/01/2027 @ 100
5.000%, 06/01/2037		1,225		1,476
New Jersey State, Economic Development Authority, School Facilities Construction Project, RB
Callable 03/01/2023 @ 100
5.000%, 03/01/2025		1,775		1,920
5.000%, 03/01/2028		1,250		1,348
New Jersey State, Economic Development Authority, School Facilities Project, RB
5.000%, 06/15/2022		3,800		3,964
New Jersey State, Economic Development Authority, School Facilities Project, Ser WW, RB
Callable 06/15/2025 @ 100
5.250%, 06/15/2031		4,750		5,501
New Jersey State, Economic Development Authority, School Facilities Project, Ser XX, RB
Callable 06/15/2025 @ 100
5.250%, 06/15/2027		3,000		3,528
5.000%, 06/15/2026		3,020		3,535
New Jersey State, Educational Facilities Authority, Ser C, RB, AGM
Callable 07/01/2030 @ 100
4.000%, 07/01/2050		130		149
New Jersey State, Health Care Facilities Financing Authority, Barnabas Health Project, Ser A, RB
Callable 07/01/2022 @ 100
5.000%, 07/01/2023		855		899


Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2036	$	2,250	$	2,758
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2033		2,590		3,330
New Jersey State, Higher Education Student Assistance Authority, Ser B, AMT, RB
5.000%, 12/01/2024		2,400		2,764
5.000%, 12/01/2028		1,450		1,824
New Jersey State, Housing & Mortgage Finance Agency, Ser D, AMT, RB
4.000%, 10/01/2021		2,120		2,145
New Jersey State, Tobacco Settlement Financing, Ser A, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2035		10,000		12,347
New Jersey State, Tobacco Settlement Financing, Sub-Ser B, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2046		1,750		2,056
New Jersey State, Transportation Trust Fund Authority, Federal Highway Reimbursement Notes, RB
Callable 06/15/2026 @ 100
5.000%, 06/15/2028		2,000		2,392
5.000%, 06/15/2030		3,585		4,244
New Jersey State, Transportation Trust Fund Authority, RB
5.000%, 12/15/2024		280		325
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
5.000%, 06/15/2031		955		1,253
New Jersey State, Transportation Trust Fund Authority, Ser B, RB
Callable 06/15/2021 @ 100
5.500%, 06/15/2031		3,270		3,276
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
Callable 12/15/2028 @ 100
5.000%, 06/15/2032		1,250		1,567
New Jersey State, Turnpike Authority, Ser A, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2033		2,230		2,697



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Turnpike Authority, Ser A, RB
Callable 01/01/2031 @ 100
4.000%, 01/01/2042	$	2,925	$	3,498
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		1,000		1,214
New Jersey State, Turnpike Authority, Ser E, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2031		1,250		1,546
5.000%, 01/01/2032		6,000		7,398
5.000%, 01/01/2033		350		431
South Jersey Port, Marine Terminal, Sub- Ser B, AMT, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2032		285		340
5.000%, 01/01/2033		425		505
5.000%, 01/01/2034		570		676
5.000%, 01/01/2035		570		674
5.000%, 01/01/2036		570		673
5.000%, 01/01/2037		570		671


				92,636


New Mexico — 0.8%
New Mexico State, Hospital Equipment Loan Council, Presbyterian Health Care Services, RB
Callable 08/01/2025 @ 100
5.000%, 08/01/2030		1,130		1,314
New Mexico State, Mortgage Finance Authority, Ser A, RB, GNMA/FNMA/FHLMC
Callable 07/01/2030 @ 101
3.000%, 01/01/2052		1,375		1,510
New Mexico State, Severance Tax Permanent Fund, Ser A, RB
5.000%, 07/01/2028		10,940		14,079
Santa Fe, Retirement Facilities Revenue, El Castillo Retirement Project, RB
Callable 05/15/2026 @ 103
5.000%, 05/15/2034		650		740


				17,643


New York — 6.6%
Brookhaven, Local Development, Jefferson’s Ferry Project, RB
1.625%, 11/01/2025		805		832
Huntington, Local Development, Fountaingate Gardens Project, Ser S, RB
3.000%, 07/01/2025		135		137



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Long Island, Power Authority, RB
Callable 09/01/2027 @ 100
5.000%, 09/01/2033	$	250	$	311
5.000%, 09/01/2034		1,000		1,246
Long Island, Power Authority, Ser B, RB
5.000%, 09/01/2031		3,165		3,839
Long Island, Power Authority, Ser B, RB
Callable 03/01/2025 @ 100
0.850%, 09/01/2050 (A)		1,500		1,502
Metropolitan New York, Transportation Authority, Ser A, RB
5.000%, 03/01/2022		1,605		1,662
Metropolitan New York, Transportation Authority, Ser A1, RB, BAN
5.000%, 02/01/2023		1,920		2,068
Metropolitan New York, Transportation Authority, Ser A-2, RB
5.000%, 11/15/2034 (A)		1,000		1,127
5.000%, 11/15/2045 (A)		500		648
Metropolitan New York, Transportation Authority, Ser B, RB
5.000%, 11/15/2022		3,080		3,291
Metropolitan New York, Transportation Authority, Ser B1, RB
Callable 11/15/2023 @ 100
5.000%, 11/15/2029		4,140		4,569
Metropolitan New York, Transportation Authority, Ser C-1, RB
Callable 05/15/2028 @ 100
5.000%, 11/15/2031		4,000		4,978
Metropolitan New York, Transportation Authority, Ser D, RB
Callable 11/15/2026 @ 100
5.000%, 11/15/2030		1,000		1,202
Monroe County, Industrial Development Authority, Rochester Regional Health Project, RB
Callable 12/01/2030 @ 100
4.000%, 12/01/2039		1,200		1,403
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2028		1,325		1,653
Nassau County, Local Economic Assistance, Catholic Health Services of Long Island Project, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2029		1,000		1,132



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York & New Jersey, Port Authority, AMT, RB
Callable 09/01/2029 @ 100
5.000%, 09/01/2035	$	5,000	$	6,337
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
Callable 01/01/2031 @ 100
3.000%, 01/01/2033		330		369
3.000%, 01/01/2034		740		820
New York City, Industrial Development Agency, Trips Obligation Group, Ser A, AMT, RB
5.000%, 07/01/2022		1,115		1,174
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2028		110		138
5.000%, 03/01/2030		100		130
New York City, Ser A-1, GO
5.000%, 08/01/2026		465		570
New York City, Ser A-1, GO
Callable 08/01/2030 @ 100
5.000%, 08/01/2032		1,810		2,391
New York City, Ser B-1, GO
Callable 10/01/2029 @ 100
4.000%, 10/01/2035		500		598
New York City, Ser C, GO
Callable 08/01/2030 @ 100
5.000%, 08/01/2043		1,250		1,593
4.000%, 08/01/2036		2,750		3,324
New York City, Ser E, GO
5.000%, 08/01/2023		1,315		1,451
New York City, Ser F, GO
Callable 02/01/2022 @ 100
5.000%, 08/01/2028		2,500		2,580
New York City, Ser F-1, GO
Callable 03/01/2031 @ 100
4.000%, 03/01/2038		1,695		2,056
New York City, Sub-Ser I, GO
Callable 03/01/2024 @ 100
5.000%, 03/01/2025		2,500		2,812
New York City, Transitional Finance Authority, Future Tax Secured Revenue, RB
Callable 11/01/2030 @ 100
5.000%, 11/01/2032		925		1,231
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser D-S, RB
Callable 11/01/2030 @ 100
4.000%, 11/01/2035		185		226



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser E1, RB
Callable 02/01/2022 @ 100
5.000%, 02/01/2026	$	2,470	$	2,549
New York City, Transitional Finance Authority, Future Tax Secured Revenue, Sub-Ser I, RB
Callable 05/01/2023 @ 100
5.000%, 05/01/2028		2,500		2,729
New York State, Dormitory Authority, Memorial Sloan-Kettering Project, Ser 1, RB
Pre-Refunded @ 100
5.000%, 01/01/2022 (C)		610		627
New York State, Dormitory Authority, New York Touro College & University System, Ser A, RB
Callable 07/02/2024 @ 100
5.250%, 01/01/2034		910		1,001
New York State, Dormitory Authority, School Districts Financing Program, RB, AGM
Callable 10/01/2028 @ 100
5.000%, 10/01/2033		3,250		4,141
New York State, Dormitory Authority, Ser 1, RB
5.000%, 01/15/2027		1,000		1,210
New York State, Dormitory Authority, Ser 1, RB
Callable 01/15/2028 @ 100
5.000%, 01/15/2031		5,000		6,224
New York State, Dormitory Authority, Ser 2015B-B, RB
Callable 09/15/2025 @ 100
5.000%, 03/15/2030		5,000		5,925
New York State, Dormitory Authority, Ser A, RB
Callable 02/15/2024 @ 100
5.000%, 02/15/2025		2,500		2,820
New York State, Dormitory Authority, Ser A, RB
Callable 03/15/2031 @ 100
4.000%, 03/15/2039		5,000		6,047
New York State, Dormitory Authority, Ser D, RB
5.000%, 02/15/2028		1,900		2,420
New York State, Dormitory Authority, State University Project, RB
Callable 05/15/2022 @ 100
5.000%, 05/15/2023		970		1,015



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, State University Project, Ser A, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2035	$	2,000	$	2,459
New York State, Mortgage Agency, Ser 189, AMT, RB
Callable 10/01/2023 @ 100
3.250%, 04/01/2025		1,000		1,049
3.150%, 04/01/2024		920		968
New York State, Mortgage Agency, Ser 194, AMT, RB
3.250%, 10/01/2024		1,000		1,074
New York State, Thruway Authority, Ser J, RB
Callable 01/01/2024 @ 100
5.000%, 01/01/2027		2,095		2,342
New York State, Thruway Authority, Ser L, RB
5.000%, 01/01/2024		3,250		3,638
New York State, Transportation Development, Delta Airlines, AMT, RB
4.000%, 10/01/2030		4,550		5,460
New York State, Transportation Development, Delta Airlines, AMT, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2034		4,000		4,845
New York State, Transportation Development, Delta Airlines, AMT, RB
Callable 10/01/2030 @ 100
5.000%, 10/01/2035		2,625		3,368
New York State, Transportation Development, JFK International Airport Project, AMT, RB
5.000%, 12/01/2024		125		144
5.000%, 12/01/2025		115		137
New York State, Transportation Development, JFK International Airport Project, RB
5.000%, 12/01/2029		445		580
5.000%, 12/01/2030		125		165
New York State, Transportation Development, JFK International Airport Project, RB
Callable 12/01/2030 @ 100
4.000%, 12/01/2039		485		578
4.000%, 12/01/2041		470		557
New York State, Transportation Development, Thruway Service Area Project, AMT, RB
Callable 10/31/2031 @ 100
4.000%, 04/30/2053		170		194



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York State, Urban Development Authority, Personal Income Tax, RB
Callable 03/15/2024 @ 100
5.000%, 03/15/2032	$	3,335	$	3,751
New York State, Urban Development Authority, Personal Income Tax, Ser E, RB
Callable 03/15/2023 @ 100
5.000%, 03/15/2031		3,500		3,792
New York State, Urban Development Authortiy, Personal Income Tax, RB
5.000%, 03/15/2022		1,165		1,210
New York State, Utility Debt Securitization Authority, RB
Callable 12/15/2025 @ 100
5.000%, 12/15/2033		1,810		2,160
Triborough, Bridge & Tunnel Authority, Ser F, RB
Callable 06/03/2021 @ 100
0.010%, 11/01/2032 (A)(G)		3,765		3,765
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025		1,000		1,181
TSASC, Tobacco Settlement Bonds, Ser A, RB
Callable 06/01/2027 @ 100
5.000%, 06/01/2030		525		646
5.000%, 06/01/2031		525		644
Westchester, Tobacco Asset Securitization, Ser B, RB
Callable 06/01/2027 @ 100
5.000%, 06/01/2031		2,000		2,478


				143,293


North Carolina — 1.2%
Charlotte, Airport Revenue, RB
5.000%, 07/01/2026		1,525		1,866
5.000%, 07/01/2027		1,500		1,885
Charlotte, Airport Revenue, Ser A, RB
Callable 07/01/2031 @ 100
3.000%, 07/01/2046		605		652
Charlotte-Mecklenburg, Hospital Authority, Atrium Health Group, RB
5.000%, 01/15/2049 (A)		5,000		6,839
Columbus County, Industrial Facilities & Pollution Control Financing Authority, AMT, RB
2.100%, 03/01/2027 (A)		1,565		1,644



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
North Carolina State, Medical Care Commission, Pennybyrn at Maryland Project, RB
Callable 04/01/2022 @ 100
2.500%, 10/01/2024	$	740	$	744
North Carolina State, Medical Care Commission, Retirement Facilities First Mortgage, RB
Callable 01/01/2027 @ 103
5.000%, 01/01/2029		285		329
North Carolina State, Medical Care Commission, The Forest at Duke Project, RB
Callable 09/01/2028 @ 103
4.000%, 09/01/2041		830		964
North Carolina State, Medical Care Commission, Twin Lakes Community, Ser A, RB
Callable 01/01/2026 @ 103
5.000%, 01/01/2038		605		704
North Carolina State, Medical Care Commission, Vidant Health, RB
Pre-Refunded @ 100
5.000%, 06/01/2025 (C)		2,500		2,951
North Carolina State, Ser C, GO
5.000%, 05/01/2022		5,000		5,225
North Carolina State, Turnpike Authority, RB, AGM
Callable 01/01/2029 @ 100
5.000%, 01/01/2034		2,000		2,531


				26,334


North Dakota — 0.0%
North Dakota State, Housing Finance Agency, Home Mortgage Finance Program, RB
Callable 01/01/2028 @ 100
3.550%, 07/01/2033		870		942


Ohio — 2.5%
Allen County, Hospital Facilities Revenue, RB
5.000%, 12/01/2028		750		969
American Municipal Power, Ser A, RB
Callable 02/15/2024 @ 100
5.000%, 02/15/2027		5,000		5,605
Buckeye, Tobacco Settlement Financing Authority, Ser A-2, RB
Callable 06/01/2030 @ 100
5.000%, 06/01/2032		4,325		5,662



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
Callable 06/01/2030 @ 22
5.942%, 06/01/2057 (D)	$	3,035	$	488
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
Callable 06/01/2030 @ 100
5.000%, 06/01/2055		1,600		1,853
Cuyahoga County, Hospital Revenue, Metrohealth System, RB
Callable 02/15/2027 @ 100
5.000%, 02/15/2037		3,000		3,525
Franklin County, Hospital Facilities, Nationwide Children’s Hospital, RB
Callable 06/03/2021 @ 100
0.030%, 05/01/2029 (A)		5,000		5,000
Hamilton County, Cincinnati Childrens Hospital Project, RB
5.000%, 11/15/2049		4,835		7,569
Hamilton County, Tax Revenue Authority, Ser A, RB
Callable 12/01/2026 @ 100
4.000%, 12/01/2032		1,600		1,832
Ohio State, Capital Facilities Correctional Building Fund Project, RB
Callable 10/01/2027 @ 100
5.000%, 10/01/2030		2,655		3,312
Ohio State, Higher Educational Facilities Commission, Case Western Reserve University Project, RB
5.000%, 12/01/2022		4,000		4,288
Ohio State, Higher Educational Facilities Commission, Case Western Reserve University Project, RB
Callable 12/01/2027 @ 100
5.000%, 12/01/2029		2,615		3,269
Ohio State, Hospital Facility Authority, Cleveland Clinic Health Project, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2031		1,250		1,575
Ohio State, Hospital Revenue, Ser B, RB
Callable 01/15/2025 @ 100
5.000%, 01/15/2050 (A)		3,230		3,737
Ohio State, Portsmouth Bypass Project, AMT, RB, AGM
Callable 06/30/2025 @ 100
5.000%, 12/31/2027		655		760
Ohio State, Turnpike Commission, Infrastructure Project, RB
Callable 02/15/2023 @ 100
5.250%, 02/15/2029		2,500		2,704



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB
6.250%, 12/01/2025 (B)	$	1,100	$	1,192


				53,340


Oklahoma — 0.1%
Oklahoma State, Development Finance Authority, OU Medicine Project, Ser B, RB
Callable 08/15/2028 @ 100
5.250%, 08/15/2043		2,510		3,080


Oregon — 1.1%
Clackamas County, Hospital Facility Authority, Rose Villa Project, Ser A, RB
Callable 11/15/2025 @ 102
5.125%, 11/15/2040		500		553
Marion & Polk County, Salem-Keizer School District No. 24J, Ser B, GO
0.000%, 5.000%, 06/15/2021, 06/15/2024 (H)		250		285
0.000%, 5.000%, 06/15/2021, 06/15/2025 (H)		275		324
Medford, Hospital Facilities Authority, Asante Project, Ser A, RB
5.000%, 08/15/2026		260		318
Medford, Hospital Facilities Authority, Asante Project, Ser A, RB
Callable 08/15/2030 @ 100
5.000%, 08/15/2034		1,000		1,315
Multnomah County, School District No. 1 Portland, GO
5.000%, 06/15/2029		1,895		2,492
Oregon State, Article XI-Q State Project, Ser A, GO
5.000%, 05/01/2028		2,900		3,727
Oregon State, Department of Administrative Services, State Lottery, Ser A, RB
Callable 04/01/2025 @ 100
5.000%, 04/01/2030		2,150		2,504
Oregon State, Department of Administrative Services, State Lottery, Ser C, RB
5.000%, 04/01/2024		2,450		2,776
Oregon State, Department of Housing & Community Services, Ser C, RB
Callable 07/01/2029 @ 100
3.000%, 01/01/2052		935		1,021
Oregon State, Facilities Authority, Legacy Health Project, Ser A, RB
5.000%, 06/01/2024		1,000		1,137



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Oregon State, Facilities Authority, Legacy Health Project, Ser A, RB
Callable 06/01/2026 @ 100
5.000%, 06/01/2035	$	2,500	$	2,987
Port of Portland, Airport Revenue, Portland International Airport, RB
5.000%, 07/01/2029		1,040		1,315
Port of Portland, Airport Revenue, Portland International Airport, Ser 27-A, AMT, RB
Callable 07/01/2030 @ 100
4.000%, 07/01/2050		1,500		1,730
Umatilla County, School District No. 8R Hermiston, Ser A, GO
2.296%, 06/15/2027 (D)		1,000		940


				23,424


Pennsylvania — 5.6%
Allegheny County, Hospital Development Authority, Allegheny Health Network Project, RB
Callable 04/01/2028 @ 100
5.000%, 04/01/2030		5,000		6,260
Allentown, Neighborhood Improvement Zone Development Authority, Ser A, RB
Callable 05/01/2022 @ 100
5.000%, 05/01/2026		1,375		1,431
Bucks County, Industrial Development Authority, Lane Charter School Project, RB
Callable 03/15/2027 @ 100
5.125%, 03/15/2036		2,000		2,278
Delaware Valley, Regional Finance Authority, Ser C, RB
Callable 09/01/2022 @ 100
0.560%, 09/01/2048 (A)		4,000		3,996
East Hempfield Township, Industrial Development Authority, Student Services, Student Housing Project, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2029		725		781
5.000%, 07/01/2034		875		934
Lancaster County, Hospital Authority, Brethren Village Project, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2031		560		626
5.000%, 07/01/2032		560		623
Lancaster County, Hospital Authority, University of Pennsylvania Health System Project, Ser B, RB
5.000%, 08/15/2026		1,940		2,376



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
Callable 12/03/2029 @ 100
2.450%, 12/01/2039 (A)	$	2,500	$	2,712
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
Callable 09/01/2028 @ 100
5.000%, 09/01/2033		2,815		3,539
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
Callable 11/15/2026 @ 100
5.000%, 11/15/2036		4,485		5,255
Moon Township, Industrial Development Authority, Presbyterian Health Care Project, RB
Callable 07/01/2025 @ 100
5.625%, 07/01/2030		1,810		1,954
Octorara Area, School District, GO, AGM
4.000%, 04/01/2024		250		274
4.000%, 04/01/2025		650		731
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2026		2,995		3,609
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2033		3,500		4,307
Pennsylvania State, Economic Development Financing Authority, Ser A, RB
Callable 10/15/2031 @ 100
5.000%, 10/15/2033		2,300		3,102
Pennsylvania State, GO
5.000%, 09/15/2026		2,500		3,067
Pennsylvania State, Housing Finance Agency, Ser 114A, AMT, RB
Callable 10/01/2021 @ 100
3.350%, 10/01/2026		2,000		2,018
Pennsylvania State, Housing Finance Agency, Ser 135A, RB
Callable 10/01/2030 @ 100
3.000%, 10/01/2051		3,000		3,251
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2030		5,000		6,115



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Pennsylvania State, Turnpike Commission, Motor License Fund Enhanced, Sub-Ser, RB
Callable 12/01/2027 @ 100
5.000%, 12/01/2033	$	6,000	$	7,462
5.000%, 12/01/2035		1,000		1,242
Pennsylvania State, Turnpike Commission, Ser B, RB
Callable 12/01/2025 @ 100
5.000%, 12/01/2033		3,000		3,576
Pennsylvania State, Turnpike Commission, Sub-Ser A1, RB
Callable 12/01/2024 @ 100
5.000%, 12/01/2030		4,260		4,901
Pennsylvania State, Turnpike Commission, Sub-Ser B, RB
Callable 06/01/2026 @ 100
5.000%, 06/01/2028		3,000		3,614
Philadelphia, Airport Revenue, Ser A, AMT, RB
Callable 07/06/2021 @ 100
5.000%, 06/15/2027		1,680		1,690
Philadelphia, Airport Revenue, Ser B, AMT, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2031		1,000		1,225
Philadelphia, Airport Revenue, Ser B, RB
Callable 07/01/2030 @ 100
5.000%, 07/01/2032		130		170
Philadelphia, Airport Revenue, Ser C, AMT, RB
Callable 07/01/2030 @ 100
5.000%, 07/01/2032		535		691
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2037		4,725		5,522
Philadelphia, Redevelopment Authority, Ser B, AMT, RB
5.000%, 04/15/2025		1,250		1,436
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2029		1,500		1,932
Philadelphia, School District, Ser A, GO
Callable 09/01/2028 @ 100
5.000%, 09/01/2030		1,000		1,271
5.000%, 09/01/2036		2,000		2,496
Philadelphia, School District, Ser A, GO
Callable 09/01/2029 @ 100
4.000%, 09/01/2035		5,000		6,007



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Philadelphia, School District, Ser F, GO
Pre-Refunded @ 100
5.000%, 09/01/2026 (C)	$	25	$	31
Philadelphia, School District, Ser F, GO
Callable 09/01/2026 @ 100
5.000%, 09/01/2028		3,390		4,114
5.000%, 09/01/2030		7,975		9,636
Philadelphia, Water & Wastewater Revenue, RB
Callable 10/01/2030 @ 100
5.000%, 10/01/2033		2,000		2,680
Pittsburgh, Water & Sewer Authority, First Lien, Ser A, RB, AGM
Callable 09/01/2023 @ 100
5.000%, 09/01/2025		2,840		3,135


				122,070


Puerto Rico — 2.5%
Puerto Rico Commonwealth, GO
5.000%, 07/01/2031 (F)		785		700
Puerto Rico Commonwealth, Ser A, GO
8.000%, 07/01/2035 (F)		2,865		2,306
5.250%, 07/01/2027 (F)		2,190		1,966
5.250%, 07/01/2034 (F)		415		372
5.000%, 07/01/2034 (F)		1,875		1,678
Puerto Rico Commonwealth, Ser A, GO
5.500%, 07/01/2039 (F)		3,385		2,852
5.125%, 07/01/2037 (F)		6,245		5,160
Puerto Rico Commonwealth, Ser B, GO
5.750%, 07/01/2038 (F)		1,500		1,318
Puerto Rico Commonwealth, Ser C, GO
5.750%, 07/01/2036 (F)		785		647
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (F)		2,990		2,863
Puerto Rico, Electric Power Authority, Ser TT, RB
5.000%, 07/01/2032 (F)		1,000		955
Puerto Rico, Electric Power Authority, Ser WW-RSA-1, RB
5.250%, 07/01/2033 (F)		3,035		2,906
Puerto Rico, Electric Power Authority, Ser XX-RSA-1, RB
5.250%, 07/01/2040 (F)		2,940		2,815
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		1,500		1,320
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
Callable 07/01/2028 @ 100
4.750%, 07/01/2053		5,519		6,190



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-1, RB
Callable 07/01/2028 @ 100
4.550%, 07/01/2040	$	8,625	$	9,670
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A-2, RB
Callable 07/01/2028 @ 100
4.329%, 07/01/2040		8,540		9,454


				53,172


Rhode Island — 0.1%
Rhode Island State, Health & Educational Building Authority, University of Rhode Island Project, Ser B, RB
Callable 09/15/2026 @ 100
5.000%, 09/15/2028		1,405		1,694
Rhode Island State, Student Loan Authority, Ser A, AMT, RB
Callable 12/01/2023 @ 100
3.000%, 12/01/2024		625		644


				2,338


South Carolina — 0.9%
Charleston, Educational Excellence Finance, Charleston County School Project, Ser B, RB
Pre-Refunded @ 100
5.000%, 12/01/2023 (C)		2,500		2,798
South Carolina State, Housing Finance & Development Authority, Ser B, RB
Callable 01/01/2029 @ 102
3.750%, 01/01/2050		740		827
South Carolina State, Jobs-Economic Development Authority, High Point Academy Project, Ser A, RB
Callable 12/15/2026 @ 100
5.750%, 06/15/2039 (B)		1,870		2,144
South Carolina State, Port Authority, AMT, RB
Callable 07/01/2025 @ 100
4.000%, 07/01/2035		1,160		1,273
South Carolina State, Port Authority, AMT, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2029		2,250		2,824
5.000%, 07/01/2030		1,500		1,882
South Carolina State, Public Service Authority, Ser A, RB
Callable 06/01/2026 @ 100
5.000%, 12/01/2029		1,000		1,202



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
South Carolina State, Public Service Authority, Ser A, RB
Callable 12/01/2030 @ 100
5.000%, 12/01/2031	$	540	$	716
4.000%, 12/01/2034		2,000		2,417
South Carolina State, Public Service Authority, Ser C, RB
Callable 12/01/2024 @ 100
5.000%, 12/01/2026		3,800		4,373


				20,456


South Dakota — 0.2%
South Dakota State, Health & Educational Facilities Authority, Sanford Obligated Group, RB
Callable 11/01/2025 @ 100
5.000%, 11/01/2027		830		982
5.000%, 11/01/2028		900		1,061
South Dakota State, Health & Educational Facilities Authority, Sanford Obligation Group, RB
Callable 11/01/2025 @ 100
5.000%, 11/01/2035		1,005		1,178
South Dakota State, Housing Development Authority, Homeownership Mortgage Bonds, Ser A, RB, GNMA/FNMA/FHLMC
Callable 05/01/2030 @ 100
3.000%, 11/01/2051		155		170
South Dakota State, Housing Development Authority, Ser B, RB
Callable 05/01/2028 @ 100
4.000%, 11/01/2049		1,075		1,201


				4,592


Tennessee — 0.7%
Chattanooga, Commonspirit Health, Ser A, RB
Callable 08/01/2029 @ 100
5.000%, 08/01/2034		1,000		1,265
5.000%, 08/01/2035		415		524
Greeneville, Health & Educational Facilities Board, Ballad Health Obligation Group, RB
Callable 07/01/2023 @ 100
5.000%, 07/01/2031		3,000		3,226
Nashville & Davidson County, Metropolitan Government, Ser A, RB
Callable 05/15/2023 @ 100
5.000%, 05/15/2029		2,040		2,223
Tennessee State, Energy Acquisition, RB
Callable 08/01/2025 @ 100
4.000%, 11/01/2049 (A)		2,500		2,832



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027	$	3,485	$	4,189
Tennessee State, Housing Development Agency, AMT, RB
Callable 07/01/2024 @ 100
4.000%, 07/01/2045		1,230		1,292


				15,551


Texas — 10.4%
Arlington, Special Tax Revenue, Special Tax, AGM
Callable 02/15/2025 @ 100
5.000%, 02/15/2030		2,000		2,316
Austin, Electric Utility Revenue, RB
Callable 11/15/2026 @ 100
5.000%, 11/15/2032		1,535		1,884
Austin, Texas Airport System Revenue, Ser B, AMT, RB
Callable 11/15/2026 @ 100
5.000%, 11/15/2037		900		1,088
Austin-Bergstrom, Landhost Enterprises, RB
5.000%, 10/01/2026 (F)		465		548
Board of Regents, University of Texas System, Ser A, RB
Callable 08/15/2031 @ 100
4.000%, 08/15/2035		5,500		6,949
Brownsville, Utilities System Revenue, Ser A, RB
Callable 09/01/2023 @ 100
5.000%, 09/01/2024		5,000		5,508
Central Texas, Regional Mobility Authority, RB
Callable 01/01/2026 @ 100
5.000%, 01/01/2029		5,095		6,003
Central Texas, Regional Mobility Authority, Senior Lien, Ser A, RB
Callable 07/01/2025 @ 100
5.000%, 01/01/2032		1,350		1,554
Central Texas, Regional Mobility Authority, Ser B, RB
Callable 01/01/2031 @ 100
5.000%, 01/01/2036		200		261
Central Texas, Turnpike System, Sub-Ser C, RB
Callable 08/15/2024 @ 100
5.000%, 08/15/2031		2,500		2,814
5.000%, 08/15/2033		6,500		7,297
Clifton, Higher Education Finance, Public Schools Project, RB, PSF-GTD
Callable 08/15/2024 @ 100
5.000%, 08/15/2027		1,050		1,201



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Clifton, Higher Education Finance, Public Schools Project, RB, PSF-GTD
Callable 08/15/2028 @ 100
4.000%, 08/15/2032	$	1,000	$	1,192
Collin County, Community College District, Ser A, GO
Callable 08/15/2029 @ 100
4.000%, 08/15/2034		2,500		3,048
Corpus Christi, Utility System Revenue, Ser A, RB
Callable 07/15/2030 @ 100
5.000%, 07/15/2033		1,500		1,982
Cypress-Fairbanks, Independent School District, GO, PSF-GTD
Callable 02/15/2029 @ 100
5.000%, 02/15/2032		6,500		8,379
Dallas City, Convention Center Hotel Project, Ser A, RB
Callable 07/06/2021 @ 100
5.250%, 01/01/2023		3,495		3,501
Dallas City, GO
5.000%, 02/15/2026		4,400		5,298
Dallas City, Love Field, Airport Modernization, AMT, RB
Callable 11/01/2026 @ 100
5.000%, 11/01/2030		1,000		1,206
5.000%, 11/01/2031		1,250		1,509
5.000%, 11/01/2032		2,500		3,017
5.000%, 11/01/2033		1,175		1,419
5.000%, 11/01/2034		1,000		1,207
5.000%, 11/01/2035		1,000		1,207
Dallas County, Utility & Reclamation District, GO
5.000%, 02/15/2028		3,500		4,381
Dallas-Fort Worth, International Airport Facilities Improvement Authority, Ser G, RB
Callable 11/01/2023 @ 100
5.250%, 11/01/2026		2,250		2,516
Dallas-Fort Worth, International Airport Revenue, RB
5.000%, 11/01/2021		430		439
Dallas-Fort Worth, International Airport Revenue, Ser A, RB
5.000%, 11/01/2024		250		289
Denton, Independent School District, GO
Callable 02/15/2026 @ 100
5.000%, 08/15/2029		2,000		2,402
Denton, Utility System Revenue, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2032		7,500		9,047



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Dickinson, Independent School District, GO, PSF-GTD
Callable 02/15/2024 @ 100
5.000%, 02/15/2031	$	2,445	$	2,729
El Paso, GO
Callable 08/15/2026 @ 100
5.000%, 08/15/2034		2,050		2,480
El Paso, Water & Sewer Revenue, RB
Pre-Refunded @ 100
5.000%, 03/01/2024 (C)		1,975		2,233
Harris County, Cultural Education Facilities Finance, Baylor College of Medicine, RB
5.000%, 11/15/2021		1,000		1,021
5.000%, 11/15/2022		1,050		1,120
Harris County, Cultural Education Facilities Finance, Memorial Herman Health System, RB
5.000%, 12/01/2025		2,000		2,389
Harris County, Cultural Education Facilities Finance, TECO Project, RB
Callable 11/15/2027 @ 100
5.000%, 11/15/2028		1,250		1,574
Harris County, Houston Sports Authority, Senior Lien, Ser A, RB
Callable 11/15/2024 @ 100
5.000%, 11/15/2028		2,500		2,805
5.000%, 11/15/2029		2,325		2,599
5.000%, 11/15/2030		3,310		3,690
Harris County, Houston Sports Authority, Ser C, RB
Callable 11/15/2024 @ 100
5.000%, 11/15/2033		1,100		1,227
Harris County, Ser A, GO
Callable 10/01/2025 @ 100
5.000%, 10/01/2028		3,600		4,285
Houston City, Ser A, GO
5.000%, 03/01/2025		3,070		3,592
Houston, Airport System Revenue, Sub-Ser B, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2029		3,685		4,693
Houston, Airport System Revenue, Sub-Ser C, AMT, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2029		2,450		3,111
5.000%, 07/01/2032		1,500		1,892
Houston, Airport System Revenue, United Airlines Project, AMT, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2029		3,340		3,673



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Houston, Utility System Revenue Authority, First Lien, Ser B, RB
Callable 11/15/2023 @ 100
5.000%, 11/15/2028	$	2,610	$	2,920
Lower Colorado, River Authority, RB
Callable 05/15/2025 @ 100
5.000%, 05/15/2031		1,000		1,165
New Hope, Cultural Education Facilities Finance, Children’s Health System, Ser A, RB
Callable 08/15/2027 @ 100
5.000%, 08/15/2030		1,645		2,026
North Texas, Municipal Water District, Water System Revenue, RB
Callable 09/01/2026 @ 100
5.000%, 09/01/2027		5,560		6,821
North Texas, Tollway Authority, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2035		1,800		2,219
North Texas, Tollway Authority, Ser A, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2031		5,000		5,781
5.000%, 01/01/2034		4,785		5,517
North Texas, Tollway Authority, Ser A, RB
Callable 01/01/2026 @ 100
5.000%, 01/01/2031		1,410		1,666
5.000%, 01/01/2033		995		1,174
North Texas, Tollway Authority, Ser A, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2034		2,500		3,034
5.000%, 01/01/2035		1,000		1,214
North Texas, Tollway Authority, Ser B, RB
Callable 01/01/2026 @ 100
5.000%, 01/01/2031		1,775		2,090
San Antonio, Airport System, Sub-Ser A, AMT, RB
5.000%, 07/01/2026		1,040		1,255
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
Callable 02/01/2031 @ 100
5.000%, 02/01/2033		1,410		1,881
5.000%, 02/01/2034		1,700		2,257
5.000%, 02/01/2041		2,000		2,608
San Antonio, Electric and Gas Systems Revenue, RB
5.250%, 02/01/2024		6,000		6,793
San Antonio, Electric and Gas Systems Revenue, Ser Junior Lien, RB
1.750%, 02/01/2049 (A)		735		770
Tarrant County, College District, GO
5.000%, 08/15/2024		2,000		2,300



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Tarrant County, Cultural Education Facilities Finance, Baylor Scott & White Health, RB
Callable 05/15/2026 @ 100
5.000%, 11/15/2032	$	1,500	$	1,793
Texas State, GO
Pre-Refunded @ 100
5.000%, 04/01/2024 (C)		3,000		3,404
Texas State, GO
Callable 04/01/2026 @ 100
5.000%, 04/01/2028		2,630		3,192
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2031		1,000		1,325
Texas State, Private Activity Bond, Surface Transportation, Senior Lien, AMT, RB
Callable 09/01/2023 @ 100
7.000%, 12/31/2038		2,500		2,852
Texas State, Texas A&M University, Revenue Financing System, Ser E, RB
5.000%, 05/15/2025		2,535		2,991
Texas State, Transportation Commissions State Highway Fund, RB
5.000%, 10/01/2026		1,905		2,349
Texas State, Water Development Board, RB
5.000%, 10/15/2026		3,750		4,639
Texas State, Water System Revenue, Junior Lien, Ser A, RB
Callable 11/15/2023 @ 100
5.000%, 05/15/2025		1,000		1,115
Trinity River Authority, Central Regional Wastewater System Revenue, RB
Callable 08/01/2027 @ 100
5.000%, 08/01/2032		1,000		1,250
University of Houston, Ser C, RB
Callable 02/15/2026 @ 100
5.000%, 02/15/2029		3,000		3,577
University of Texas, Revenue Financing System, Ser H, RB
5.000%, 08/15/2025		5,000		5,948
University of Texas, Ser B, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2027		2,285		2,607


				225,108


Utah — 0.5%
Salt Lake City, Airport Revenue, Ser A, AMT, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2035		5,000		6,095
Salt Lake City, Airport Revenue, Ser B, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2035		1,500		1,840



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Utah County, Hospital Revenue, IHC Health Services, Ser ICES, RB
Callable 05/15/2030 @ 100
4.000%, 05/15/2043	$	500	$	595
Utah State, GO
Callable 01/01/2029 @ 100
3.000%, 07/01/2034		495		557
Utah State, Transit Authority, Sub-Ser, RB, BAM
Callable 06/15/2028 @ 100
5.000%, 12/15/2032		1,585		1,964


				11,051


Vermont — 0.0%
Vermont State, Housing Finance Agency, Ser F, AMT, RB
Callable 05/01/2025 @ 100
4.000%, 11/01/2045		480		501


Virginia — 1.8%
Arlington County, Industrial Development Authority, Virginia Hospital Center, RB
5.000%, 07/01/2026		280		341
5.000%, 07/01/2027		250		313
5.000%, 07/01/2028		375		480
Fairfax County, Industrial Development Authority, Inova Health System Project, Ser S, RB
5.000%, 05/15/2026		3,055		3,713
Norfolk, Economic Development Authority, Sentara Health Care, Ser B, RB
5.000%, 11/01/2048 (A)		1,035		1,328
Richmond, Public Utility Revenue, RB
5.000%, 01/15/2026		5,000		6,035
Virginia State, College Building Authority, 21st Century College Program, RB
Callable 02/01/2027 @ 100
5.000%, 02/01/2031		5,000		6,135
Virginia State, Public Building Authority, Ser A, RB
Callable 08/01/2030 @ 100
4.000%, 08/01/2038		5,500		6,742
Virginia State, Small Business Financing Authority, AMT, RB
Callable 01/01/2022 @ 100
5.000%, 07/01/2034		3,400		3,490
Virginia State, Small Business Financing Authority, RB
5.000%, 01/01/2026		490		578



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Virginia State, Tobacco Settlement Financing, Sub-Ser C, RB
Callable 06/21/2021 @ 23
13.421%, 06/01/2047 (D)	$	41,470	$	9,694


				38,849


Washington — 2.4%
King County, Public Hospital District No. 1, GO
Callable 12/01/2026 @ 100
5.000%, 12/01/2027		7,720		9,437
Port of Seattle, AMT, GO
Callable 06/24/2021 @ 100
5.250%, 12/01/2021		1,000		1,002
Port of Seattle, AMT, RB
5.000%, 04/01/2028		5,055		6,333
Port of Seattle, AMT, RB
Callable 04/01/2029 @ 100
5.000%, 04/01/2036		1,500		1,871
Port of Seattle, Ser A, RB
Callable 08/01/2022 @ 100
5.000%, 08/01/2028		2,500		2,640
Port of Seattle, Ser C, AMT, RB
Callable 10/01/2024 @ 100
5.000%, 04/01/2032		1,500		1,692
University of Washington, Ser A, RB
Callable 04/01/2031 @ 100
4.000%, 04/01/2037		1,000		1,231
4.000%, 04/01/2038		250		307
Washington State, Electric Revenue, Northwest Energy, Columbia Generating Station, Ser C, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2031		1,500		1,762
Washington State, Health Care Facilities Authority, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2027		1,250		1,458
Washington State, Housing Finance Commission, Social Certificate, Ser A-1, RB
3.500%, 12/20/2035		1,000		1,163
Washington State, Housing Finance Commission, Transforming Age Project, Ser A, RB
Callable 07/01/2026 @ 103
5.000%, 01/01/2034 (B)		745		842
Washington State, Motor Vehicle Fuel Tax, GO
5.000%, 07/01/2023		1,500		1,652



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Washington State, Ser 2015-A1, GO
Callable 08/01/2024 @ 100
5.000%, 08/01/2030	$	2,540	$	2,902
Washington State, Ser R-2015C, GO
Callable 01/01/2025 @ 100
5.000%, 07/01/2032		5,000		5,788
Washington State, Ser R-2015E, GO
Callable 01/01/2025 @ 100
5.000%, 07/01/2031		2,730		3,162
Washington State, Ser R-2018D, GO
Callable 08/01/2027 @ 100
5.000%, 08/01/2032		5,000		6,241
Washington State, Tobacco Settlement Authority, RB
5.000%, 06/01/2022		2,700		2,833


				52,316

West Virginia — 0.3%
West Virginia State, Parkways Authority, Turnpike Toll Revenue, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2031		1,250		1,589
5.000%, 06/01/2032		1,510		1,915
5.000%, 06/01/2034		1,000		1,262
5.000%, 06/01/2035		1,005		1,265


				6,031

Wisconsin — 1.8%
Milwaukee County, Airport Revenue, Ser A, AMT, RB
5.000%, 12/01/2026		500		611
Wisconsin State, Center District, Ser C, RB, AGM
2.563%, 12/15/2029 (D)		370		321
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, RB
5.000%, 08/15/2054 (A)		2,000		2,444
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health Credit Group, RB
Callable 08/15/2028 @ 100
5.000%, 08/15/2031		4,155		5,248
Wisconsin State, Health & Educational Facilities Authority, Ascension Health Credit Group, RB
Callable 05/15/2026 @ 100
5.000%, 11/15/2030		3,810		4,606



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Wisconsin State, Health & Educational Facilities Authority, Children’s Hospital of Wisconsin, RB
Callable 08/15/2027 @ 100
5.000%, 08/15/2034	$	1,835	$	2,273
Wisconsin State, Health & Educational Facilities Authority, Prohealth Care Obligation Group, RB
Callable 08/15/2024 @ 100
5.000%, 08/15/2034		1,155		1,313
Wisconsin State, Health & Educational Facilities Authority, St. Camilus Health System, RB
Callable 11/01/2026 @ 103
5.000%, 11/01/2028		470		523
5.000%, 11/01/2030		1,035		1,145
5.000%, 11/01/2039		1,135		1,227
Wisconsin State, Health & Educational Facilities Authority, Three Pillars Senior Living Communities, RB
Callable 08/15/2031 @ 100
4.000%, 08/15/2041		705		811
Wisconsin State, Health & Educational Facilities Authority, Unitypoint Health, Ser A, RB
Callable 11/01/2024 @ 100
5.000%, 12/01/2029		1,650		1,901
Wisconsin State, Housing & Economic Development Authority, Ser B, RB
Callable 05/01/2023 @ 100
0.500%, 11/01/2050 (A)		240		240
Wisconsin State, Public Finance Authority, AFCO Investors II Portfolio Project, AMT, RB
Callable 10/01/2022 @ 100
5.000%, 10/01/2023 (B)		400		412
Wisconsin State, Public Finance Authority, Airport Facilities Project, Ser B, AMT, RB
5.000%, 07/01/2022		435		445
Wisconsin State, Public Finance Authority, American Dream @ Meadowlands Project, RB
Callable 12/01/2027 @ 100
7.000%, 12/01/2050 (B)		1,390		1,602
Wisconsin State, Public Finance Authority, Appalachian Regional Healthcare System, RB
Callable 01/01/2031 @ 100
5.000%, 07/01/2039		475		606
5.000%, 07/01/2040		325		414
5.000%, 07/01/2041		750		952



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, Appalachian State University Project, RB, AGM
4.000%, 07/01/2027	$	225	$	266
4.000%, 07/01/2028		225		270
Wisconsin State, Public Finance Authority, Appalachian State University Project, RB, AGM
Callable 07/01/2028 @ 100
4.000%, 07/01/2029		225		268
Wisconsin State, Public Finance Authority, Celanese Project, Ser A, AMT, RB
5.000%, 01/01/2024		1,395		1,532
Wisconsin State, Public Finance Authority, KU Campus Development Project, RB
Callable 03/01/2026 @ 100
5.000%, 03/01/2034		6,880		8,176
Wisconsin State, Public Finance Authority, Mary Woods Project, Ser A, RB
Callable 05/15/2025 @ 102
5.000%, 05/15/2029 (B)		605		664


				38,270


Total Municipal Bonds (Cost $1,981,569) ($ Thousands)				2,135,354


	Shares

CASH EQUIVALENT — 0.0%
SEI Daily Income Trust, Government Fund,
Cl F
0.010%**^†		1,138,729		1,139


Total Cash Equivalent (Cost $1,139) ($ Thousands)				1,139


Total Investments in Securities — 98.3% (Cost $1,982,708) ($ Thousands)			$	2,136,493

Percentages are based on Net Assets of $2,172,411 ($ Thousands).

**	The rate reported is the 7-day effective yield as of May 31, 2021.

^†	Investment in Affiliated Security.

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2021, the value of these securities amounted to $34,276 ($ Thousands), representing 1.6% of the Net Assets of the Fund.

(C)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

(D)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(E)	Security is escrowed to maturity.

(F)	Security is in default on interest payment.

(G)	Securities are held in connection with a letter of credit issued by a major bank.

(H)	Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

AGM— Assured Guaranty Municipal

AMBAC — American Municipal Bond Assurance Corporation

AMT — Alternative Minimum Tax

BAM — Build America Mutual

BAN— Bond Anticipation Note

Cl — Class

COP— Certificate of Participation

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

NATL— National Public Finance Guarantee Corporation

PSF-GTD— Public Schools Fund Guarantee

RB — Revenue Bond

SAB— Special Assessment Bond

Ser — Series

TA — Tax Allocation

The following is a list of the level of inputs used as of May 31, 2021 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Municipal Bonds

–

2,135,354

–

2,135,354

Cash Equivalent

1,139

–

1,139

Total Investments in Securities

1,139

2,135,354

–

2,136,493

For the period ended May 31, 2021, there were no transfers in or out of Level 3.

For information on the Fund’s policy regarding valuation of investments, fair value hierarchy levels and other significant accounting policies, please refer to Note 2 of the Fund’s most recent financial statements.

The following is a summary of the transactions with affiliates for the period ended May 31, 2021 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 100.1%

Alabama — 6.2%
Baptist Health, Health Care Authority, Ser B, RB, AGC
Callable 06/04/2021 @ 100
0.350%, 11/15/2037 (A)	$	1,125	$	1,125
Black Belt, Energy Gas District, RB
Callable 09/01/2023 @ 100
0.962%, 12/01/2048 (A)		13,510		13,628
Black Belt, Energy Gas District, Ser A, RB
4.000%, 06/01/2021		1,500		1,500
Black Belt, Energy Gas District, Ser A, RB
Callable 04/01/2022 @ 101
4.000%, 08/01/2047 (A)		5,275		5,469
Columbia, Industrial Development Board, Alabama Power Company Project, RB
Callable 06/03/2021 @ 100
0.030%, 12/01/2037 (A)		5,300		5,300
East Alabama, Health Care Authority, Ser B, RB
Callable 06/03/2021 @ 100
0.100%, 09/01/2039 (A)		2,058		2,058
Lower Alabama, Gas District, RB
4.000%, 12/01/2023		550		598
4.000%, 12/01/2024		500		558
4.000%, 12/01/2025		730		833
Lower Alabama, Gas District, RB
Callable 09/01/2025 @ 101
4.000%, 12/01/2050 (A)		10,000		11,376
Mobile, Industrial Development Board, Pollution Control Authority, Barry Plant Project, RB
2.900%, 07/15/2034 (A)		1,000		1,062
Selma, Industrial Development Board, International Paper Company Project, RB
1.375%, 05/01/2034 (A)		5,250		5,404
Southeast Alabama, Gas Supply District, LIBOR Project #2, Ser B, RB
Callable 03/01/2024 @ 100
0.912%, 06/01/2049 (A)		17,500		17,665
Southeast Alabama, Gas Supply District, Ser A, RB
Callable 01/01/2024 @ 100
4.000%, 04/01/2049 (A)		6,850		7,471
Southeast Alabama, Gas Supply District, SIFMA Index Project, Ser C, RB
Callable 01/01/2024 @ 100
0.680%, 04/01/2049 (A)		2,500		2,514
University of South Alabama, RB
4.000%, 04/01/2023		425		453


				77,014



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Alaska — 0.4%
Alaska State, Municipal Bond Bank Authority, RB
5.000%, 12/01/2022	$	700	$	750
North Slope Borough, Ser A, GO
Callable 07/06/2021 @ 100
5.000%, 06/30/2022		2,975		2,986
North Slope Borough, Ser B, GO
Callable 07/06/2021 @ 100
5.000%, 06/30/2022		1,470		1,475


				5,211

Arizona — 0.6%
Arizona State, Industrial Development Authority, Phoenix Children’s Hospital, RB
5.000%, 02/01/2024		200		225
5.000%, 02/01/2025		250		291
Coconino County, Pollution Control, Nevada Power Company, Ser S, AMT, RB
1.875%, 09/01/2032 (A)		3,500		3,589
Maricopa County, Industrial Development Authority, Waste Management Project, AMT, RB
Callable 07/06/2021 @ 100
3.375%, 12/01/2031 (A)		1,815		1,844
Phoenix-Mesa, Gateway Airport Authority, Mesa Project, AMT, RB
4.000%, 07/01/2021		530		532
Yuma, RB
4.000%, 07/01/2021		300		301
4.000%, 07/01/2022		325		338


				7,120

Arkansas — 0.1%
Batesville, Public Facilities Board, White River Health System, RB
5.000%, 06/01/2021		1,265		1,265


California — 5.8%
Anaheim, Public Financing Authority, Public Improvements Project, Ser C, RB, AGM
1.066%, 09/01/2025 (B)		680		653
Anaheim, Public Financing Authority, Public Improvements Project, Sub-Ser C, RB, AGM
0.713%, 09/01/2023 (B)		1,500		1,481
Bay Area, Toll Authority, RB
Callable 10/01/2023 @ 100
0.310%, 04/01/2056 (A)		1,250		1,247



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Department of Water Resources, Central Project Water System, Ser A, RB
Callable 06/01/2022 @ 100
0.400%, 12/01/2035 (A)	$	3,750	$	3,759
California State, Educational Facilities Authority, University of San Diego, RB, AMBAC
0.999%, 10/01/2023 (B)		1,120		1,106
California State, Infrastructure & Economic Development Bank, Academy of Sciences Project, RB
Callable 06/03/2021 @ 100
0.444%, 08/01/2047 (A)		1,500		1,500
California State, Infrastructure & Economic Development Bank, Brightline West Passenger Rail Project, AMT, RB
0.450%, 01/01/2050 (A)(C)		1,000		1,000
California State, Infrastructure & Economic Development Bank, RB
Callable 08/01/2023 @ 100
0.380%, 08/01/2047 (A)		2,500		2,506
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(C)		1,500		1,546
California State, Pollution Control Financing Authority, America Water Capital Project, RB
0.600%, 08/01/2040 (A)		2,000		2,000
California State, Public Finance Authority, Henry Mayo Newhall Hospital, RB
4.000%, 10/15/2022		245		256
California State, Public Works Board, Ser H, RB
5.000%, 12/01/2024		1,765		2,052
California State, School Cash Reserve Program Authority, Ser L, RB
2.000%, 01/31/2022		2,000		2,025
California State, Ser B, GO
Callable 06/01/2021 @ 100
0.835%, 12/01/2031 (A)		1,800		1,800
California State, Statewide Communities Development Authority, Dignity Health, Ser D, RB
0.130%, 07/01/2041 (A)		2,775		2,775
California State, Statewide Communities Development Authority, Dignity Health, Ser E, RB, AGM
Callable 06/04/2021 @ 100
0.250%, 07/01/2040 (A)		4,025		4,025



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Statewide Communities Development Authority, Ethel Arnold Bradley Apartments, RB
Callable 06/01/2021 @ 100
1.250%, 12/01/2021 (A)	$	3,970	$	3,970
California State, Statewide Communities Development Authority, Irvine Apartment Communities Project, Ser W-1, AMT, RB
Callable 06/03/2021 @ 100
0.020%, 08/01/2034 (A)(D)		3,500		3,500
Cathedral City, Redevelopment Agency Successor Agency, TA
4.000%, 08/01/2021		250		251
4.000%, 08/01/2022		100		104
4.000%, 08/01/2023		100		107
Cathedral City, Redevelopment Agency Successor Agency, TA, BAM
4.000%, 08/01/2024		245		270
Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8059, RB
Callable 12/01/2021 @ 100
0.510%, 12/01/2052 (A)(C)(D)		9,000		9,000
Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8061, RB
Callable 01/01/2037 @ 100
0.510%, 01/01/2060 (A)(C)		780		780
Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8081, RB
Callable 10/01/2021 @ 100
0.510%, 10/01/2058 (A)(C)		7,845		7,845
Long Beach, Harbor Revenue, AMT, RB
5.000%, 05/15/2023		3,015		3,283
Los Angeles County, Schools Pooled Financing Program, Ser B-2, COP
2.000%, 12/30/2021		1,000		1,011
Los Angeles County, Schools Pooled Financing Program, Ser B-3, COP
2.000%, 12/30/2021		1,000		1,011
Los Angeles, Department of Airports, Ser A, AMT, RB
5.000%, 05/15/2022		1,555		1,626
Riverside County, Office of Education Pooled Notes, Ser B, RB
2.000%, 12/31/2021		3,000		3,033
Southern California, Tobacco Securitization, RB
5.000%, 06/01/2021		1,000		1,000
Southern Kern, Unified School District, Ser D, GO, BAM
1.263%, 11/01/2024 (B)		200		194



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Tender Option Bond Trust Receipts, Ser 2020-XF2924, RB
0.230%, 07/01/2032 (A)(C)(D)	$	3,100	$	3,100
Tender Option Bond Trust Receipts, Ser 2021-XF2928, RB
0.230%, 09/14/2022 (A)(C)(D)		556		556
Whittier, Union High School District, GO
1.226%, 08/01/2026 (B)		1,360		1,301


				71,673

Colorado — 2.1%
Colorado State, Health Facilities Authority, Commonspirit Health, Ser B, RB
Callable 02/01/2025 @ 100
5.000%, 08/01/2049 (A)		1,000		1,163
Colorado State, Housing & Finance Authority, Ser A2, RB
Callable 04/01/2022 @ 100
1.550%, 04/01/2023		4,475		4,506
Denver City & County, Airport System Revenue, Ser B, RB
Callable 11/15/2022 @ 100
5.000%, 11/15/2025		1,900		2,030
Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8062, RB
Callable 07/01/2037 @ 100
0.510%, 07/01/2060 (A)(C)		9,000		9,000
E-470, Public Highway Authority, RB
Callable 06/24/2021 @ 100
0.474%, 09/01/2039 (A)		750		750
E-470, Public Highway Authority, Ser B, RB
Callable 06/01/2024 @ 100
0.357%, 09/01/2039 (A)		2,500		2,500
Mizuho Floater, Ser 2021-MIZ9068, RB
0.280%, 07/01/2034 (A)(C)(D)		1,545		1,545
Regional Transportation District, Denver Transit Partners Eagle P3 Project, RB
5.000%, 01/15/2024		350		390
5.000%, 07/15/2024		600		680
5.000%, 01/15/2025		300		345
5.000%, 07/15/2025		400		467
3.000%, 01/15/2026		405		443
University of Colorado, Ser C, RB
2.000%, 06/01/2054 (A)		2,500		2,629
Vauxmont, Metropolitan District, Sub-Ser, GO, AGM
5.000%, 12/15/2021		100		102


				26,550

Connecticut — 1.7%
Bridgeport, GO
1.500%, 12/09/2021		700		703



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Connecticut State, Health & Educational Facilities Authority, Connecticut State University, Ser L, RB
4.000%, 11/01/2021	$	25	$	25
Connecticut State, Health & Educational Facilities Authority, RB
1.100%, 07/01/2048 (A)		3,000		3,046
Connecticut State, Health & Educational Facilities Authority, Sacred Heart University Issue, Ser K, RB
5.000%, 07/01/2022		250		263
Connecticut State, Health & Educational Facilities Authority, Ser 2017, RB
0.550%, 07/01/2037 (A)		2,000		2,009
Connecticut State, Health & Educational Facilities Authority, Stamford Hospital Issue, Ser L, RB
4.000%, 07/01/2023		550		591
Connecticut State, Higher Education Supplement Loan Authority, AMT, RB
5.000%, 11/15/2023		500		553
Connecticut State, Housing Finance Authority, RB
0.300%, 11/15/2024		500		497
0.250%, 05/15/2024		750		747
Connecticut State, Housing Finance Authority, Ser 25, RB
2.700%, 06/15/2023		1,315		1,370
Connecticut State, Ser 2021, GO
3.000%, 01/15/2024		525		563
Connecticut State, Ser C, GO
5.000%, 06/15/2021		1,570		1,573
5.000%, 06/15/2023		85		93
3.000%, 06/01/2021		1,150		1,150
Connecticut State, SIFMA Index Project, Ser A, GO
1.020%, 03/01/2025 (A)		1,815		1,855
0.980%, 03/01/2024 (A)		2,105		2,135
0.930%, 03/01/2023 (A)		1,075		1,084
Connecticut State, Special Tax Revenue, RB
5.000%, 05/01/2022		400		418
Meriden, Multi-Family Housing, Yale Acres Project, RB
Callable 02/01/2022 @ 100
1.730%, 08/01/2022 (A)		2,000		2,019


				20,694

Delaware — 0.6%
Delaware State, Economic Development Authority, Delmarva Power & Light Company Project, RB
1.050%, 01/01/2031 (A)		5,100		5,204



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
University of Delaware, RB
Callable 06/03/2021 @ 100
0.020%, 11/01/2035 (A)	$	2,090	$	2,090


				7,294


District of Columbia — 1.6%
District of Columbia, Housing Finance Agency, 1550 First Street Project, RB
Callable 05/01/2022 @ 100
1.460%, 06/01/2039 (A)		5,000		5,052
District of Columbia, Housing Finance Agency, Liberty Place Apartments Project, RB
0.500%, 12/01/2021		2,000		2,002
District of Columbia, Housing Finance Agency, Park Southern Apartments Project, RB, FHA
Callable 02/01/2023 @ 100
0.700%, 06/01/2024 (A)		2,690		2,700
Metropolitan Washington, Airports Authority, Ser A, AMT, RB
5.000%, 10/01/2022		4,585		4,877
5.000%, 10/01/2023		5,225		5,796


				20,427


Florida — 3.8%
Broward County, Florida Power & Light Company Project, AMT, RB
Callable 06/03/2021 @ 100
0.040%, 06/01/2045 (A)		6,000		6,000
Escambia County, Housing Finance Authority, RB
1.350%, 12/01/2022 (A)		2,000		2,013
Florida State, Citizens Property Insurance, Coastal Account, Ser A1, RB
Callable 12/01/2024 @ 100
5.000%, 06/01/2025		2,065		2,397
Florida State, Citizens Property Insurance, Personal & Commercial Lines Account, Senior Secured, Ser A, RB
5.000%, 06/01/2021		2,775		2,775
Florida State, Housing Finance Authority, Azure Estates, Ser J, RB
1.450%, 03/01/2023 (A)		9,800		9,885
Gainesville, Utilities System Revenue Authority, Ser B, RB
Callable 06/03/2021 @ 100
0.010%, 10/01/2042 (A)		1,500		1,500
Jacksonville, Ser B, RB
5.000%, 10/01/2021		4,175		4,242



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Lee Memorial Hosptial, Health System, RB
Callable 07/01/2021 @ 100
0.110%, 04/01/2049 (A)	$	1,200	$	1,200
Miami-Dade County, Housing Finance Authority, Liberty Square Phase Project, RB
Callable 05/01/2022 @ 100
1.420%, 11/01/2040 (A)		5,790		5,850
Miami-Dade County, Housing Finance Authority, RB
Callable 10/01/2021 @ 100
1.400%, 04/01/2023 (A)		2,000		2,007
Miami-Dade County, Housing Finance Authority, Sunset Bay Apartments Project, RB
Callable 06/01/2022 @ 100
0.250%, 12/01/2023 (A)		1,000		1,000
Pasco County, School Board, Ser B, COP
Callable 08/04/2021 @ 100
0.780%, 08/01/2032 (A)		2,000		2,002
Tender Option Bond Trust Receipts, Ser 2018-XM0676, RB
Callable 04/01/2028 @ 100
0.150%, 04/01/2053 (A)(C)		2,000		2,000
Tender Option Bond Trust Receipts, Ser 2020-XF2882, RB, AGM
Callable 02/15/2030 @ 100
0.070%, 08/15/2050 (A)(C)(D)		2,805		2,805
Tender Option Bond Trust Receipts, Ser 2020-XM0873, RB
0.250%, 07/01/2027 (A)(C)		1,100		1,100


				46,776


Georgia — 1.4%
Burke County, Development Authority, Georgia Power Company Project, RB
1.550%, 12/01/2049 (A)		2,000		2,030
Burke County, Development Authority, RB
2.250%, 10/01/2032 (A)		500		518
Cobb County, Kennestone Hospital Authority, Wellstar Health System, RB
5.000%, 04/01/2023		545		592
Georgia State, Main Street Natural Gas, Ser B, RB
Callable 09/01/2024 @ 100
4.000%, 08/01/2049 (A)		7,250		8,099
Georgia State, Main Street Natural Gas, Ser E, RB
Callable 09/01/2023 @ 100
0.600%, 08/01/2048 (A)		1,500		1,506



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Georgia State, Private Colleges & Universities Authority, Ser B, RB
Callable 02/16/2022 @ 100
0.450%, 10/01/2039 (A)	$	1,850	$	1,851
Georgia State, Ser A, GO
Callable 07/01/2022 @ 100
5.000%, 07/01/2024		1,000		1,052
Monroe County, Development Authority, Oglethorpe Power Company Project, RB
1.500%, 01/01/2039 (A)		750		768
Municipal Electric Authority, Project One, Sub-Ser, RB
5.000%, 01/01/2023		1,000		1,073


				17,489

Illinois — 5.6%
Chicago, Wastewater Transmission Revenue Authority, RB
5.000%, 01/01/2023		30		32
Chicago, Waterworks Revenue Authority, RB
5.000%, 11/01/2021		1,480		1,508
Chicago, Waterworks Revenue Authority, Ser A, RB
Callable 07/06/2021 @ 100
5.000%, 11/01/2021		1,000		1,004
5.000%, 11/01/2023		3,000		3,010
Cook County, School District No. 87 Berkeley, GO, AGM
5.000%, 12/01/2024		500		579
Cook County, Ser A, GO
5.000%, 11/15/2022		2,000		2,140
Granite City, Madison Waste Management, AMT, RB
1.250%, 05/01/2027		4,100		4,114
Illinois State, Finance Authority, Bradley University Project, Ser C, RB
5.000%, 08/01/2021		450		453
Illinois State, Finance Authority, Field Museum of Natural History, RB
Callable 03/01/2022 @ 100
0.563%, 11/01/2034 (A)		1,955		1,955
Illinois State, Finance Authority, Health Care System, RB
Callable 05/15/2024 @ 100
5.000%, 05/15/2050 (A)		1,500		1,698
Illinois State, Finance Authority, Swedish Covenant Hospital Project, RB
5.000%, 08/15/2021 (E)		400		404
Illinois State, Finance Authority, University of Illinois Health Services, RB
5.000%, 10/01/2023		250		275



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Illinois State, GO
5.000%, 07/01/2021	$	2,560	$	2,570
Illinois State, Housing Development Authority, Ser C, RB
2.300%, 02/01/2026		1,000		1,051
Illinois State, Regional Transportation Authority, RB, AGM
5.750%, 06/01/2021		1,295		1,295
Illinois State, Regional Transportation Authority, Ser A, RB
5.500%, 07/01/2021		2,080		2,089
Illinois State, Regional Transportation Authority, Ser B, RB
Callable 06/01/2021 @ 100
0.550%, 06/01/2025 (A)		4,200		4,200
Illinois State, Ser A, GO
5.000%, 11/01/2022		15,695		16,712
Illinois State, Ser C, GO
4.000%, 03/01/2023		1,500		1,593
Illinois State, Ser D, GO
5.000%, 11/01/2021		6,000		6,117
5.000%, 11/01/2022		6,520		6,942
Illinois State, Toll Highway Authority, Ser A, RB
5.000%, 12/01/2021		3,540		3,625
Kane, Cook & DuPage Counties, Community College District No. 509, Ser B, GO
4.000%, 12/15/2022		200		212
Mount Vernon, GO, BAM
4.000%, 12/15/2022		1,065		1,127
Peoria, Ser A, GO, BAM
4.000%, 01/01/2023		750		793
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2025		1,000		1,152
Sangamon, Logan & Menard Counties, Community Unit School District No. 15, Ser B, GO, BAM
5.000%, 12/01/2023		200		222
University of Illinois, Ser A, RB
5.000%, 04/01/2022		500		520
Waukegan, Water & Sewer System Revenue, RB, AGM
4.000%, 12/30/2022		225		238
4.000%, 12/30/2023		250		271
West Chicago, Park District, Ser B, GO, BAM
3.000%, 12/01/2022		200		208
3.000%, 12/01/2023		220		233
Will County, Community Unit School District No. 201-U Crete-Monee, GO, AGM
2.265%, 11/01/2022 (B)		1,625		1,612


				69,954



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Indiana — 4.0%
Evansville & Vanderburgh County, Building Authority, Lease Rental Revenue, GO, AGM
3.000%, 01/15/2023	$	200	$	208
3.000%, 07/15/2023		200		210
3.000%, 01/15/2024		250		265
Indiana State, Finance Authority, Indiana University Health, RB
Pre-Refunded @ 100
1.650%, 01/01/2022 (A)(F)		1,500		1,513
1.650%, 01/01/2022 (A)(F)		2,000		2,018
Indiana State, Finance Authority, Indiana University Health, RB
Callable 01/01/2025 @ 100
2.250%, 12/01/2058 (A)		7,150		7,581
Indiana State, Finance Authority, Indiana University Health, Ser L, RB
Callable 07/01/2021 @ 100
0.310%, 12/01/2046 (A)		2,725		2,725
Indiana State, Finance Authority, Indianapolis Power & Light, RB
3.875%, 08/01/2021		6,500		6,538
Indiana State, Finance Authority, Indianapolis Power, AMT, RB
0.950%, 12/01/2038 (A)		2,000		2,000
Indianapolis, Local Public Improvement Bond Bank, Ser A, RB
5.000%, 06/01/2023		1,400		1,530
Marion, High School Building, Ser A, RB
4.000%, 07/15/2022		105		109
4.000%, 01/15/2023		230		244
Rockport City, Industry Pollution Control, Indiana Michigan Power Project, Ser D, RB
2.050%, 04/01/2025 (A)		3,600		3,600
Rockport City, Industry Pollution Control, Pollution Control Project, RB
1.350%, 07/01/2025 (A)		1,000		1,013
Rockport City, Industry Pollution Control, Ser B-RE, RB
3.050%, 06/01/2025		10,465		11,472
Tender Option Bond Trust Receipts, Ser 2019-XF0756, RB
Callable 02/01/2029 @ 100
0.140%, 02/01/2049 (A)(C)		3,750		3,750
Whiting, Industry Environmental Facilities, BP Products North America Project, AMT, RB
5.000%, 11/01/2047 (A)		4,050		4,680


				49,456



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Iowa — 0.3%
Iowa State, Finance Authority, Ser A, AMT, RB
Callable 06/03/2021 @ 100
0.050%, 06/01/2024 (A)	$	3,250	$	3,250


Kansas — 1.2%
Kansas State, Department of Transportation, Ser C, RB
0.465%, 09/01/2023 (A)		8,450		8,485
Kansas State, Department of Transportation, Ser C4, RB
0.564%, 09/01/2024 (A)		1,000		1,008
Kansas State, Development Finance Authority, Forest Glen Estates Apartments, RB
Callable 07/01/2021 @ 100
1.660%, 07/01/2022 (A)		4,000		4,005
Lenexa City, Ser B, GO
Callable 07/06/2021 @ 100
1.625%, 09/01/2021		1,000		1,001


				14,499

Kentucky — 2.3%
Ashland, Medical Center Revenue, RB
5.000%, 02/01/2022		500		512
Kentucky State, Asset Liability Commission, Ser A, RB
5.000%, 11/01/2024		2,000		2,295
Kentucky State, Housing Corporation, RB
Callable 06/01/2022 @ 100
1.400%, 12/01/2022 (A)		2,175		2,199
Kentucky State, Public Energy Authority, Ser A, RB
Callable 03/01/2025 @ 100
4.000%, 12/01/2049 (A)		7,500		8,433
Kentucky State, Public Energy Authority, Ser C, RB
4.000%, 06/01/2021		1,000		1,000
4.000%, 12/01/2021		1,495		1,523
4.000%, 06/01/2022		1,430		1,483
4.000%, 12/01/2022		2,000		2,110
Kentucky State, Rural Water Finance, RB
Callable 06/24/2021 @ 100
0.425%, 12/01/2021		2,000		2,000
Louisville & Jefferson County, Metropolitan Government, Gas & Electric Project, RB
1.650%, 06/01/2033 (A)		1,450		1,450
Mercer County, Solid Waste Disposal Facility, AMT, RB
1.300%, 05/01/2023		6,000		6,104


				29,109



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Louisiana — 1.8%
Louisiana State, Gasoline & Fuels Tax Revenue, Ser A, RB
Callable 05/01/2022 @ 100
0.600%, 05/01/2043 (A)	$	4,640	$	4,647
Louisiana State, Housing Corporation, Hollywood Acres, RB
Callable 12/01/2021 @ 100
1.440%, 12/01/2023 (A)		3,000		3,020
Louisiana State, Local Government Environmental Facilities & Community Development Authority, East Baton Rouge Sewer, Sub-Ser, RB
Callable 08/01/2024 @ 100
0.875%, 02/01/2046 (A)		2,000		2,003
Louisiana State, Offshore Terminal Authority, Loop Project, RB
2.000%, 10/01/2040 (A)		2,000		2,016
Louisiana State, Offshore Terminal Authority, RB
1.650%, 09/01/2027 (A)		1,255		1,274
1.650%, 09/01/2034 (A)		1,760		1,787
St. John the Baptist Parish, Marathon Oil Project, RB
2.125%, 06/01/2037 (A)		8,000		8,265


				23,012

Maryland — 1.1%
Maryland State, Community Development Administration, RB
2.060%, 09/01/2021		3,000		3,014
Maryland State, Community Development Administration, Ser S, RB
Callable 01/31/2022 @ 100
0.625%, 06/01/2022		775		777
Maryland State, Economic Development, Potomac Electric Power Company Project, RB
1.700%, 09/01/2022		3,000		3,050
Maryland State, Health & Higher Educational Facilities Authority, University of Maryland Medical, RB
Callable 01/01/2025 @ 100
5.000%, 07/01/2045 (A)		6,250		7,204


				14,045

Massachusetts — 2.1%
Boston, Housing Authority, Ser B, RB
5.000%, 10/01/2023		350		388
5.000%, 04/01/2025		400		468



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Brandeis University, Ser S, RB
5.000%, 10/01/2021	$	3,490	$	3,546
5.000%, 10/01/2022		2,195		2,337
5.000%, 10/01/2023		2,400		2,658
Massachusetts State, Development Finance Agency, Lyman Terrace Phase II, RB
Callable 02/01/2022 @ 100
1.390%, 08/01/2022 (A)		4,250		4,281
Massachusetts State, Development Finance Agency, Ser A, RB
5.000%, 07/01/2021		400		401
5.000%, 07/01/2022		400		420
Massachusetts State, Development Finance Agency, Waste Management Project, AMT, RB
1.250%, 05/01/2027 (C)		2,500		2,509
Massachusetts State, Development Finance Agency, Wellforce, Ser A, RB
5.000%, 07/01/2023		725		792
Massachusetts State, Development Finance Agency, Wellforce, Ser C, RB, AGM
5.000%, 10/01/2021		225		228
5.000%, 10/01/2027		425		526
Massachusetts State, Educational Financing Authority, Ser B, AMT, RB
5.000%, 07/01/2024		575		654
5.000%, 07/01/2025		850		992
5.000%, 07/01/2026		1,000		1,195
Massachusetts State, Health & Educational Facilities Authority, Partners Health Care Project, Ser G, RB, AGM
Callable 06/10/2021 @ 100
0.160%, 07/01/2042 (A)		1,000		1,000
Massachusetts State, Housing Finance Agency, Chestnut Park Project, RB
2.400%, 12/01/2023 (A)		2,225		2,250
Massachusetts State, Ser B, GO
5.000%, 07/01/2023		1,270		1,397


				26,042

Michigan — 2.4%
Carman-Ainsworth, Community Schools, GO
4.000%, 05/01/2023		1,225		1,308
Dearborn, School District, GO, BAM
3.000%, 05/01/2024		970		1,038
Detroit, Downtown Development Authority, Catalyst Development Project, Ser A, TA, AGM
5.000%, 07/01/2022		500		526
5.000%, 07/01/2023		585		639



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Hazel Park, School District, GO
4.000%, 05/01/2022	$	2,290	$	2,369
4.000%, 05/01/2023		1,515		1,625
Michigan State, Finance Authority, RB
3.500%, 11/15/2044 (A)		2,450		2,554
Michigan State, Hospital Finance Authority, Ascension Health Care Project, RB
4.000%, 11/15/2047 (A)		3,825		4,118
Michigan State, Housing Development Authority, Ser A, RB
2.200%, 04/01/2022		475		482
Saline, Area Schools, Ser III, GO
5.000%, 05/01/2023		1,035		1,130
5.000%, 05/01/2024		1,050		1,193
Tender Option Bond Trust Receipts, Ser 2019-XF2837, RB
Callable 11/02/2029 @ 100
0.150%, 11/15/2050 (A)(C)		6,105		6,105
Tender Option Bond Trust Receipts, Ser 2021-XF2936, RB
0.230%, 12/01/2022 (A)(C)(D)		1,175		1,175
University of Michigan, RB
Callable 10/01/2021 @ 100
0.320%, 04/01/2033 (A)		3,035		3,037
Wayne County, Airport Authority, Ser A, AMT, RB
Callable 12/01/2021 @ 100
5.000%, 12/01/2022		2,000		2,046


				29,345

Minnesota — 1.0%
Minneapolis, Multifamily Housing, Madison Apartment Project, RB
Callable 11/01/2021 @ 100
1.550%, 11/01/2022 (A)		4,050		4,072
Minnesota State, Housing Finance Agency, Ser C, AMT, RB, GNMA/FNMA/FHLMC
1.200%, 01/01/2027		610		610
1.050%, 07/01/2026		1,240		1,240
0.950%, 01/01/2026		1,230		1,230
0.875%, 07/01/2025		1,215		1,215
0.800%, 01/01/2025		600		600
Minnesota State, Housing Finance Agency, Ser C, RB
Callable 07/06/2021 @ 100
1.600%, 08/01/2021		1,000		1,001
Minnesota State, Housing Finance Agency, Ser D, RB
Callable 07/06/2021 @ 100
1.400%, 02/01/2022		1,100		1,101



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Minnesota State, Housing Finance Agency, White Oak Estates, Ser F, RB
Callable 07/06/2021 @ 100
1.350%, 08/01/2021	$	1,555	$	1,556


				12,625

Mississippi — 1.7%
Lowndes County, Solid Waste Disposal, Weyerhaeuser CO. Project, Ser C, RB
6.800%, 04/01/2022		500		525
Mississippi State, Business Finance Commission, Chevron USA Project, Ser L, RB
Callable 07/01/2021 @ 100
0.010%, 11/01/2035 (A)		7,000		7,000
Mississippi State, Business Finance, System Energy Resources Project, RB
Callable 07/06/2021 @ 100
2.500%, 04/01/2022		7,000		7,038
Mississippi State, Hospital Equipment & Facilities Authority, RB
5.000%, 01/01/2022		350		360
Mississippi, Development Bank Special Obligation, Mississippi Sales Tax Revenue Infrastructure Project, RB
5.000%, 09/01/2022		600		633
5.000%, 09/01/2023		810		889
Warren County, Mississippi Environmental Improvement Revenue, International Paper Co. Project, AMT, RB
1.600%, 08/01/2027 (A)		2,000		2,076
Warren County, Mississippi Gulf Opportunity Zone Revenue, International Paper Co. Project, RB
Callable 06/16/2025 @ 100
1.375%, 08/01/2027 (A)		2,500		2,573


				21,094

Missouri — 0.9%
Missouri State, Health & Educational Facilities Authority, BJC Health System, Ser B, RB
4.000%, 05/01/2051 (A)		4,000		4,652
Missouri State, Health & Educational Facilities Authority, St. Louis University, Ser B1, RB
Callable 06/03/2021 @ 100
0.010%, 10/01/2035 (A)(D)		3,320		3,320
Missouri State, Health & Educational Facilities Authority, Still University of Health Services, RB
4.000%, 10/01/2021		730		738



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Missouri State, Public Utilities Commission, RB
Callable 09/01/2021 @ 100
0.500%, 03/01/2022	$	2,000	$	2,002
Ozarks Technical Community College, COP
5.000%, 03/01/2024		215		242
2.000%, 03/01/2022		200		203


				11,157

Nebraska — 0.4%
Central Plains, Energy Project, Project No. 1, Ser A, RB
5.250%, 12/01/2021		500		512
Nebraska State, Public Power District, Ser A, RB
Callable 01/01/2023 @ 100
0.600%, 01/01/2051 (A)		4,025		4,046


				4,558

Nevada — 1.9%
Carson City, Carson Tahoe Regional Medical Center, RB
5.000%, 09/01/2021		400		405
Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8058, RB
Callable 08/03/2021 @ 100
0.510%, 02/01/2058 (A)(C)		22,430		22,430
Washoe County, Water Facilities Refunding Revenue, AMT, RB
2.050%, 03/01/2036 (A)		1,000		1,015


				23,850

New Jersey — 6.6%
Bayonne, GO, AGM
0.724%, 07/01/2023 (B)		1,000		989
Gloucester County, Improvement Authority, The Rowan University Student Project, RB
Callable 03/01/2022 @ 100
0.600%, 03/01/2024		500		500
New Brunswick, Parking Authority, Ser B, RB
5.000%, 09/01/2021		150		152
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2023		1,000		1,075
New Jersey State, Economic Development Authority, American Water Company, AMT, RB
1.150%, 06/01/2023		1,000		1,014
New Jersey State, Economic Development Authority, American Water Company, RB
1.000%, 06/01/2023		1,300		1,317



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Economic Development Authority, Cigarette Tax, Ser S, RB
5.000%, 06/15/2022	$	200	$	210
New Jersey State, Economic Development Authority, School Facilities Construction Project, RB
Callable 03/01/2023 @ 100
5.000%, 03/01/2025		1,000		1,082
New Jersey State, Economic Development Authority, School Facilities Construction Project, RB
Callable 03/01/2025 @ 100
1.280%, 09/01/2025 (A)		1,050		1,066
New Jersey State, Economic Development Authority, Ser A, RB
4.000%, 07/01/2022		4,125		4,288
New Jersey State, Economic Development Authority, Ser B, RB
5.000%, 11/01/2024		14,780		17,065
New Jersey State, Economic Development Authority, Ser BBB, RB
5.000%, 06/15/2021		620		621
New Jersey State, Economic Development Authority, Ser GGG, RB
5.250%, 09/01/2023 (C)		3,500		3,886
New Jersey State, Economic Development Authority, Ser S, RB
5.250%, 04/01/2026 (A)		3,500		4,229
5.250%, 04/01/2027 (A)		3,320		4,114
5.000%, 06/15/2023		240		263
New Jersey State, Housing & Mortgage Finance Agency, RB
Callable 06/01/2022 @ 100
0.750%, 05/01/2023 (A)		1,000		1,005
New Jersey State, Transportation Trust Fund Authority, RB
5.000%, 12/15/2024		3,000		3,479
New Jersey State, Transportation Trust Fund Authority, Ser A, RB, AGM
5.250%, 12/15/2023		1,345		1,515
New Jersey State, Transportation Trust Fund Authority, Ser AA, RB
Callable 06/15/2023 @ 100
5.000%, 06/15/2025		2,000		2,189
New Jersey State, Transportation Trust Fund Authority, Ser B, RB
5.500%, 12/15/2021		3,230		3,321
5.000%, 06/15/2021		500		501
New Jersey State, Turnpike Authority, Ser C, RB
0.664%, 01/01/2023 (A)		5,665		5,692



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Turnpike Authority, Ser D1, RB
0.765%, 01/01/2024 (A)	$	1,000	$	1,010
Newark, Ser A, GO
5.000%, 10/01/2021		110		112
5.000%, 10/01/2022		850		896
Newark, Ser A, GO, AGM
5.000%, 10/01/2024		1,500		1,709
Newark, Ser B, GO
5.000%, 10/01/2021		230		233
2.000%, 10/05/2021		1,160		1,167
Newark, Ser B, GO, AGM
5.000%, 10/01/2024		1,060		1,207
Newark, Ser C, GO
2.000%, 10/05/2021		5,200		5,230
Orange Township, GO, AGM
2.000%, 12/01/2022		845		866
Passaic, Ser AB, GO
5.000%, 08/01/2021		515		519
5.000%, 08/01/2022		680		717
5.000%, 08/01/2024		695		792
5.000%, 08/01/2025		700		822
Plainfield, GO, AGM
4.000%, 08/15/2023		1,220		1,320
Ramsey Borough, GO
1.250%, 01/07/2022		1,060		1,066
Tender Option Bond Trust Receipts, Ser 2020-XM0912, RB
0.210%, 01/01/2027 (A)(C)		620		620
Tobacco Settlement Financing, Ser A, RB
5.000%, 06/01/2021		4,000		4,000


				81,859

New Mexico — 0.2%
Farmington, Pollution Control Revenue, AMT, RB
1.200%, 06/01/2040 (A)		1,750		1,762
Santa Fe, Public School District, GO
4.000%, 08/01/2024		600		667


				2,429

New York — 8.3%
Cortland, Enlarged City School District, GO, RAN
1.500%, 07/30/2021		500		501
Deutsche Bank Spears, Tender Option Bond Trust Receipts, Ser DBE-8063, AMT, RB
Callable 07/19/2021 @ 100
0.510%, 10/01/2045 (A)(C)(D)		2,000		2,000
Long Island, Power Authority, Ser A, RB
5.000%, 09/01/2024		1,245		1,434



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Long Island, Power Authority, Ser B, RB
Callable 03/01/2024 @ 100
1.650%, 09/01/2049 (A)	$	1,600	$	1,653
Long Island, Power Authority, Ser B, RB
Callable 03/01/2025 @ 100
0.850%, 09/01/2050 (A)		2,000		2,002
Metropolitan New York, Transportation Authority, Ser A, RB, BAN
4.000%, 02/01/2022		3,230		3,310
Metropolitan New York, Transportation Authority, Ser A1, RB, BAN
5.000%, 02/01/2023		2,100		2,262
Metropolitan New York, Transportation Authority, Ser D, RB
0.480%, 11/15/2044 (A)		1,000		995
Monroe County, Industrial Development, Rochester Regional Health Project, RB
5.000%, 12/01/2021		350		358
5.000%, 12/01/2022		400		427
5.000%, 12/01/2023		400		444
5.000%, 12/01/2024		550		632
Nassau County, Industrial Development Agency, RB
Callable 07/01/2021 @ 100
0.010%, 01/01/2034 (A)		1,000		1,000
New York & New Jersey, Port Authority, Ser 178, AMT, RB
5.000%, 12/01/2022		2,490		2,668
New York & New Jersey, Port Authority, Ser 195, AMT, RB
5.000%, 10/01/2022		2,035		2,164
New York City, Health & Hospitals, Ser A, RB
5.000%, 02/15/2024		740		832
New York City, Housing Development Authority, RB
Callable 05/01/2022 @ 100
1.100%, 11/01/2059 (A)		12,500		12,582
New York City, Housing Development Authority, Ser C, RB
Callable 06/21/2021 @ 100
2.350%, 07/01/2022		8,730		8,784
New York City, Housing Development Authority, Ser S, RB
Callable 02/01/2022 @ 100
2.100%, 11/01/2058 (A)		600		607
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2024		750		840
New York City, Ser 3-REM, RB
Callable 06/03/2021 @ 100
0.160%, 04/01/2042 (A)		1,500		1,500



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York City, Ser F, RB
Callable 02/01/2022 @ 100
5.000%, 08/01/2024	$	750	$	774
New York City, Ser F-1, RB
5.000%, 03/01/2023		1,500		1,625
New York State, Housing Finance Agency, RB
Callable 06/24/2021 @ 100
1.875%, 05/01/2050 (A)		655		655
New York State, Housing Finance Agency, Ser E, RB
Callable 01/01/2022 @ 100
0.850%, 11/01/2024		3,890		3,902
New York State, Housing Finance Agency, Ser E, RB
Callable 09/01/2023 @ 100
0.950%, 05/01/2025		2,110		2,114
New York State, Housing Finance Agency, Ser J, RB
Callable 07/01/2022 @ 100
0.750%, 05/01/2025		3,500		3,505
New York State, Housing Finance Agency, Ser L, RB
Callable 06/24/2021 @ 100
1.375%, 11/01/2022		560		560
New York State, Housing Finance Agency, Ser P, RB
Callable 12/01/2021 @ 100
1.600%, 11/01/2024		5,000		5,035
New York State, Mortgage Agency Revenue, AMT, RB
2.250%, 04/01/2022		500		507
New York State, Mortgage Agency Revenue, Ser 139-REMK, AMT, RB
Callable 06/03/2021 @ 100
0.020%, 10/01/2037 (A)		2,200		2,200
New York State, Transportation Development, Delta Airlines, Inc. Laguardia Airport Terminals C&D Redevelopement Project, AMT, RB
5.000%, 01/01/2023		1,165		1,246
New York State, Transportation Development, Terminal 4 JFK International Airport, AMT, RB
5.000%, 12/01/2022		250		267
5.000%, 12/01/2023		510		566



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York State, Transportation Development, Terminal 4 JFK International Airport, RB
5.000%, 12/01/2021	$	1,100	$	1,126
5.000%, 12/01/2023		1,800		2,005
5.000%, 12/01/2024		900		1,039
5.000%, 12/01/2025		800		953
5.000%, 12/01/2026		1,000		1,227
New York State, Urban Development, Ser A-1, RB
Callable 03/15/2023 @ 100
5.000%, 03/15/2025		1,195		1,297
Nuveen, New York AMT-Free Quality Municipal Income Fund, Tax Exempt
Callable 06/03/2021 @ 100
0.380%, 05/01/2047 (A)(C)		4,000		4,000
Oyster Bay, GO
4.000%, 11/01/2022		845		886
2.000%, 11/01/2021		835		841
Oyster Bay, Ser B, GO, BAM
5.000%, 08/15/2022		1,000		1,055
Oyster Bay, Ser C, GO, BAN
4.000%, 08/27/2021		1,120		1,130
Sherrill, School District, GO
1.500%, 06/25/2021		1,040		1,040
Suffolk County, Longwood Central School District, GO, TAN
2.000%, 06/25/2021		3,000		3,003
Suffolk County, Ser I, GO, TAN
3.000%, 09/24/2021		5,000		5,042
Suffolk County, Ser II, GO, TAN
2.000%, 08/19/2021		750		753
Tender Option Bond Trust Receipts, Ser 2020-XG0290, RB
Callable 05/15/2030 @ 100
0.070%, 11/15/2052 (A)(C)(D)		2,000		2,000
Triborough, Bridge & Tunnel Authority, Ser B, RB
Callable 07/06/2021 @ 100
0.562%, 11/15/2027 (A)		2,680		2,681
Triborough, Bridge & Tunnel Authority, Ser B, RB
Callable 11/15/2022 @ 100
5.000%, 11/15/2024		1,250		1,337
Westchester County, Ser B, GO
2.000%, 10/18/2021		1,000		1,007
Yonkers, Ser A, GO
4.000%, 02/15/2023		265		281
Yonkers, Ser B, GO
4.000%, 02/15/2023		280		297


				102,951



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

North Carolina — 1.8%
Charlotte, Housing Authority, Multifamily Housing Revenue, Heritage Park Apartments, RB
1.450%, 06/01/2022 (A)	$	5,000	$	5,000
Charlotte-Mecklenburg, Hospital Authority, Atrium Health, Ser H, RB
Callable 06/03/2021 @ 100
0.010%, 01/15/2048 (A)		595		595
Columbus County, Industrial Facilities & Pollution Control Financing Authority, RB
1.375%, 05/01/2034 (A)		1,000		1,029
North Carolina State, Turnpike Authority, RB
5.000%, 02/01/2024		14,000		15,702


				22,326

North Dakota — 0.1%
Larimore, GO
Callable 05/01/2022 @ 100
0.850%, 05/01/2024		1,700		1,701


Ohio — 2.4%
Allen County, Hospital Facilities Revenue, Bon Secours Mercy Health, RB
5.000%, 12/01/2021		500		512
Allen County, Hospital Facilities Revenue, Ser A, RB
5.000%, 08/01/2021		2,000		2,016
American Municipal Power, Carey Village Project, BAN
1.250%, 12/01/2021		425		427
American Municipal Power, Combined Hydroelectric Project, RB
5.000%, 02/15/2023		1,000		1,081
American Municipal Power, Prairie State Energy Campus, RB
5.000%, 02/15/2024		545		614
American Municipal Power, Ser A, RB
Callable 08/15/2021 @ 100
2.300%, 02/15/2038 (A)		1,000		1,004
Columbus, Ser A, GO Pre-Refunded @ 100
4.000%, 08/15/2022 (F)		1,875		1,963
Fairview Park, City School District, GO
1.531%, 12/01/2022 (B)		515		512
Gahanna-Jefferson City, School District, RB, BAM
2.000%, 12/01/2021		710		717
Lancaster, Port Authority, Ser A, RB
Callable 11/01/2024 @ 101
5.000%, 08/01/2049 (A)		3,700		4,283



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Lorain, Ser A, GO, BAN
1.500%, 05/04/2022	$	1,000	$	1,012
Mahoning County, GO, BAN
1.000%, 09/13/2021		1,000		1,002
Mahoning County, Sales Tax, RB
1.000%, 09/13/2021		1,000		1,002
Ohio State, Air Quality Development Authority, American Electric Company, AMT, RB
2.100%, 12/01/2027 (A)		3,000		3,133
Ohio State, Higher Educational Facility Commission, Xavier University Project, RB
5.000%, 05/01/2023		390		423
Ohio State, Housing Finance Agency, Sutter View Apartments, RB
Callable 07/01/2021 @ 100
1.620%, 07/01/2023 (A)		3,500		3,504
Ohio State, Ser A, RB
5.000%, 06/15/2024		600		685
Ohio State, University Hospital Health System, Ser C, RB
5.000%, 01/15/2042 (A)		200		203
Port of Greater Cincinnati, Development Authority, Convention Center Hotel Acquisition & Demolition Project, Ser A, RB
Callable 05/01/2022 @ 100
3.000%, 05/01/2023		5,000		5,006
Toledo, Various Purpose, GO
3.000%, 12/01/2021		180		182


				29,281

Oklahoma — 0.9%
Muskogee County, Independent School District No. 20, GO
1.750%, 07/01/2021		1,000		1,001
Oklahoma County, Finance Authority, Midwest City-Del City Public School Project, RB
5.000%, 10/01/2022		1,000		1,063
Oklahoma State, Development Finance Authority, Gilcrease Expressway West Project, AMT, RB
Callable 06/30/2022 @ 100
1.625%, 07/06/2023		2,840		2,854
Oklahoma State, Development Finance Authority, Integris Obligated Group, RB
Callable 06/03/2021 @ 100
0.130%, 08/15/2031 (A)		1,000		1,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Oklahoma State, Development Finance Authority, Integris Obligated Group, RB
Callable 07/01/2021 @ 100
0.120%, 08/15/2031 (A)	$	1,000	$	1,000
Oklahoma State, Development Finance Authority, Integris Obligated Group, Ser A, RB
5.000%, 08/15/2021		505		510
Tender Option Bond Trust Receipts, Ser 2020-XF2884, RB
Callable 09/01/2029 @ 100
0.070%, 09/01/2045 (A)(C)(D)		1,365		1,365
Tulsa County, Industrial Authority, Owasso Public Schools Project, RB
5.000%, 09/01/2021		1,650		1,669
Tulsa County, Industrial Authority, San Springs Public Schools Project, RB
5.000%, 09/01/2021		330		334
University of Oklahoma, Ser B, RB
4.000%, 07/01/2022		350		364


				11,160

Oregon — 0.1%
Deschutes & Jefferson Counties, School District, GO
0.655%, 06/15/2024 (B)		470		464
Port of Morrow, Ser A, GO
4.000%, 06/01/2022		220		228
4.000%, 06/01/2023		300		321
Port of Portland, Airport Revenue, RB
5.000%, 07/01/2023		275		302


				1,315

Pennsylvania — 7.0%
Bethlehem, Area School District, Ser A, RB
Callable 06/21/2021 @ 100
0.542%, 01/01/2032 (A)		6,000		6,000
Butler County, General Authority Revenue, Hampton Tonwship School District Project, RB, AGM
Callable 06/03/2021 @ 100
0.050%, 09/01/2027 (A)		1,500		1,500
Cumberland County, Municipal Authority, RB
3.750%, 05/01/2044 (A)		1,000		1,005
Delaware County, Neuman University, RB
4.000%, 10/01/2021		200		202
Delaware Valley, Regional Finance Authority, Ser B, RB
Callable 09/01/2021 @ 100
0.450%, 09/01/2048 (A)		2,500		2,496



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Hollidaysburg, School District, GO
1.000%, 07/15/2021	$	500	$	500
Lackawanna County, Industrial Development Authority, Scranton University, RB
5.000%, 11/01/2024		250		287
Laurel Highlands, School District, GO, BAM
3.000%, 08/01/2021		100		100
3.000%, 02/01/2022		100		102
Lehigh County, Industrial Development Authority, PPL Electric Utilities, RB
1.800%, 09/01/2029 (A)		3,610		3,676
Montgomery County, Higher Education & Health Authority, Abington Memorial Hospital Obligated Group, RB
5.000%, 06/01/2022		380		398
4.000%, 05/01/2036 (A)		1,075		1,090
Parkland, School District, Ser A, GO
4.000%, 02/01/2025		100		112
2.000%, 02/01/2023		200		206
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2021		3,000		3,000
Pennsylvania State, Economic Development Financing Authority, AMT, RB
0.220%, 06/01/2044 (A)		1,750		1,750
0.180%, 04/01/2034 (A)		750		750
Pennsylvania State, Economic Development Financing Authority, PPL Energy Supply, AMT, RB
0.200%, 08/01/2045 (A)		1,000		1,000
Pennsylvania State, Economic Development Financing Authority, RB
5.000%, 04/15/2022		450		469
Pennsylvania State, Economic Development Financing Authority, Waste Management Project, AMT, RB
Callable 12/01/2023 @ 100
0.450%, 06/01/2041 (A)		500		500
Pennsylvania State, Economic Development Financing Authority, Waste Management Project, AMT, RB
Callable 05/01/2024 @ 100
1.750%, 08/01/2038 (A)		7,250		7,533
Pennsylvania State, Economic Development Financing Authority, Waste Management Project, RB
2.800%, 12/01/2033 (A)		2,260		2,290



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Pennsylvania State, Economic Development Financing Authority, Waste Management Project, Ser A, AMT, RB
2.625%, 11/01/2021	$	1,000	$	1,009
Pennsylvania State, Higher Educational Facilities Authority, RB
3.000%, 05/01/2033 (A)		940		955
Pennsylvania State, Higher Educational Facilities Authority, Ser AW, RB
5.000%, 06/15/2023		6,140		6,727
5.000%, 06/15/2024		11,725		13,341
Pennsylvania State, Higher Educational Facilities Authority, Thomas Jefferson University, RB
Callable 09/01/2022 @ 100
5.000%, 03/01/2023		300		317
Pennsylvania State, Housing Finance Agency, Ser 120, RB
Callable 10/01/2025 @ 100
2.350%, 04/01/2027		1,270		1,336
Pennsylvania State, Ser A, COP
5.000%, 07/01/2021		350		351
Pennsylvania State, Transportation Authority, RB
5.000%, 06/01/2021		500		500
Pennsylvania State, Turnpike Commission, Ser A, RB
4.000%, 12/01/2024		725		818
4.000%, 12/01/2025		650		753
Pennsylvania State, Turnpike Commission, Ser A, RB
Callable 06/01/2023 @ 100
0.630%, 12/01/2023 (A)		2,500		2,521
Pennsylvania State, Turnpike Commission, Ser B, RB
Callable 12/01/2022 @ 100
0.730%, 12/01/2023 (A)		2,000		2,012
Philadelphia, Airport Revenue, Ser A, RB
5.000%, 07/01/2024		1,470		1,675
Philadelphia, Authority for Industrial Development, RB
Callable 07/01/2021 @ 100
0.120%, 09/01/2050 (A)		3,000		3,000
Philadelphia, School District, Ser 2020, GO
5.000%, 09/01/2022		2,700		2,860
5.000%, 09/01/2023		3,000		3,293
Philadelphia, School District, Ser A, GO
4.000%, 06/30/2021		1,500		1,505
Pittsburgh & Allegheny County, Sports & Exhibition Authority, RB, AGM
4.000%, 02/01/2022		1,200		1,230



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Pittsburgh, Water & Sewer Authority, Ser C-REMK, RB, AGM
Callable 06/01/2023 @ 100
0.680%, 09/01/2040 (A)	$	2,000	$	2,019
Southcentral Pennsylvania, General Authority, RB
5.000%, 05/01/2023		135		146
Southcentral Pennsylvania, General Authortiy, RB
5.000%, 05/01/2022		100		104
Tender Option Bond Trust Receipts, Ser 2020-XF2885, RB
Callable 09/01/2028 @ 100
0.070%, 09/01/2037 (A)(C)(D)		1,250		1,250
University of Pittsburgh, Commonwealth System of Higher Education, RB
Callable 08/15/2023 @ 100
0.390%, 02/15/2024 (A)		2,850		2,864
Westmoreland County, Industrial Development Authority, Excela Health Project, Ser A, RB
4.000%, 07/01/2021		500		501
Wilkes-Barre, Finance Authority, University of Scranton, Ser A, RB
5.000%, 11/01/2024		475		545


				86,598

Rhode Island — 0.3%
Rhode Island, Housing & Mortgage Finance, Ser S, RB
Callable 04/01/2022 @ 100
0.450%, 10/01/2040 (A)		1,000		1,001
Rhode Island, Student Loan Authority, Ser A, AMT, RB
Callable 12/01/2022 @ 100
5.000%, 12/01/2023		2,475		2,639


				3,640

South Carolina — 2.2%
Charleston, Waterworks & Sewer System Revenue, Ser B, RB
Callable 07/06/2021 @ 100
0.430%, 01/01/2035 (A)		1,700		1,700
Laurens County, Water & Sewer Commission, RB
Pre-Refunded @ 100
1.375%, 07/01/2021 (F)		900		901
Patriots Energy Group, Financing Agency, Ser A, RB
Callable 11/01/2023 @ 100
4.000%, 10/01/2048 (A)		6,475		7,057



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
South Carolina, Jobs-Economic Development Authority, Prism Health Obligation Group, RB
Callable 06/03/2021 @ 100
0.120%, 05/01/2048 (A)	$	3,300	$	3,300
South Carolina, Ports Authority, AMT, RB
5.000%, 07/01/2024		525		596
South Carolina, Transportation Infrastructure Bank, Ser 2003B, RB
Callable 10/01/2021 @ 100
0.512%, 10/01/2031 (A)		11,530		11,536
Spartanburg County, School District, Ser D, GO
5.000%, 03/01/2022		2,180		2,257


				27,347

Tennessee — 0.6%
Lewisburg, Industrial Development Board, Multifamily Housing Revenue, Lewisburg Summit Apartments Project, RB
1.550%, 09/01/2022 (A)		2,000		2,021
Memphis, Health Educational & Housing Facility Board, Burkle & Main Apartments Project, Ser 2019, RB
1.400%, 11/01/2022 (A)		1,300		1,313
Memphis, Health Educational & Housing Facility Board, Chickasaw Place Apartments Project, Ser 2020, RB
0.625%, 06/01/2023 (A)		1,160		1,165
Tennessee, Energy Acquisition Gas Project, RB
5.000%, 11/01/2022		1,500		1,598
Tennessee, Energy Acquisition Gas Project, Ser A, RB
Callable 02/01/2023 @ 100
4.000%, 05/01/2048 (A)		785		836


				6,933

Texas — 10.8%
Alamito, Public Facilities Corporation, RB
0.250%, 11/01/2021		5,000		5,000
Alamito, Public Facilities Corporation, RB
Callable 11/01/2021 @ 100
1.510%, 05/01/2037 (A)		1,500		1,507
Alvin, Independent School District, Ser B, GO, PSF-GTD
0.450%, 02/15/2036 (A)		2,000		1,999
Capital Area, Housing Finance, Mission Trail At El Camino Real Apartments, RB
Callable 08/01/2021 @ 100
2.100%, 09/01/2037 (A)		2,000		2,005



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Central Texas, Regional Mobility Authority, Sub-Ser F, RB
Callable 07/01/2024 @ 100
5.000%, 01/01/2025	$	1,500	$	1,705
Central Texas, Regional Mobility Authority, Sub-Ser, RB
Callable 07/06/2021 @ 100
4.000%, 01/01/2022		4,000		4,011
Central Texas, Turnpike System, Ser A, RB, AGM
0.419%, 08/15/2022 (B)		665		662
Coastal Bend, Health Facilities, Ser B, RB, AGM
Callable 06/10/2021 @ 100
0.150%, 07/01/2031 (A)		550		550
Cypress-Fairbanks, Independent School District, Ser A, GO, PSF-GTD
2.125%, 02/15/2027 (A)		3,520		3,534
1.250%, 02/15/2036 (A)		1,165		1,180
Dallas County, Hospital District, GO
5.000%, 08/15/2022		1,850		1,956
Dallas-Fort Worth, International Airport Revenue, Ser A, RB
5.000%, 11/01/2024		1,000		1,156
5.000%, 11/01/2026		1,250		1,535
5.000%, 11/01/2027		1,750		2,204
Denton, Independent School District, GO, PSF-GTD
2.000%, 08/01/2043 (A)		1,575		1,634
Dickinson, Independent School District, GO, PSF-GTD
1.350%, 08/01/2037 (A)		2,000		2,004
El Paso, Independent School District, GO
2.500%, 02/01/2040 (A)		1,000		1,004
Fort Bend, Independent School District, Ser A, GO, PSF-GTD
1.950%, 08/01/2049 (A)		1,690		1,726
Fort Bend, Independent School District, Ser B, GO, PSF-GTD
0.875%, 08/01/2050 (A)		1,000		1,008
Fort Bend, Independent School District, Ser D, GO, PSF-GTD
1.500%, 08/01/2042 (A)		7,500		7,517
Goose Creek, Consolidated Independent School District, Ser B-REMK, GO, PSF-GTD
0.270%, 10/01/2049 (A)		2,000		2,001
Harris County, Cultural Education Facilities Finance, Memorial Hermann Health System, RB
Callable 09/01/2022 @ 101
5.000%, 07/01/2049 (A)		2,500		2,672



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Harris County, Cultural Education Facilities Finance, Memorial Hermann Health System, RB
Callable 09/01/2022 @ 101
5.000%, 06/01/2032 (A)	$	2,015	$	2,159
Harris County, Cultural Education Facilities Finance, Memorial Hermann Health System, RB
Callable 09/01/2024 @ 101
5.000%, 06/01/2032 (A)		1,425		1,649
Harris County, Cultural Education Facilities Finance, Texas Medical Center, Ser A, RB
Callable 07/06/2021 @ 100
0.900%, 05/15/2050 (A)		1,000		1,000
Harris County, Health Facilities Development, Christus Health Project, Ser A3, RB, AGM
Callable 06/10/2021 @ 100
0.150%, 07/01/2031 (A)		625		625
Harris County, Health Facilities Development, Christus Health Project, Ser A4, RB, AGM
Callable 06/10/2021 @ 100
0.150%, 07/01/2031 (A)		275		275
Harris County, Toll Road Senior Lien, RB
1.450%, 08/15/2021		2,320		2,326
Houston, Airport System Revenue, Sub-Ser D, RB
5.000%, 07/01/2023		1,180		1,296
Houston, Combined Utility System Revenue, Ser C, RB
Callable 06/24/2021 @ 100
0.422%, 05/15/2034 (A)		2,110		2,110
Katy, Independent School District, Ser C, GO, PSF-GTD
Callable 06/14/2021 @ 100
0.348%, 08/15/2036 (A)		2,845		2,845
Lower Colorado, River Authority, LCRA Transmission Services Project, Ser 2020, RB
5.000%, 05/15/2022		1,180		1,234
Midland County, Public Facility, RB
Callable 12/01/2022 @ 100
0.350%, 06/01/2024 (A)		1,000		1,002
Midlothian, Independent School District, Ser C, GO, PSF-GTD
2.000%, 08/01/2051 (A)		2,000		2,094
Mission, Economic Development, Republic Services Project, AMT, RB
0.200%, 01/01/2026 (A)		1,000		1,000



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Caney, Independent School District, GO, PSF-GTD
3.000%, 02/15/2050 (A)	$	8,695	$	8,746
North East, Independent School District, Ser B, GO, PSF-GTD
Callable 08/01/2021 @ 100
1.420%, 08/01/2040 (A)		1,240		1,243
Northside, Independent School District, GO, PSF-GTD
0.700%, 06/01/2050 (A)		2,500		2,509
Odessa, Housing Finance, Vera Odessa Apartment Project, RB, FHA
Callable 09/01/2022 @ 100
0.350%, 09/01/2023 (A)		1,500		1,502
Port Arthur, Port Authority, RB, BAM
5.000%, 02/15/2026		200		239
San Antonio, Electric & Gas Systems Revenue, Ser A, RB
1.750%, 02/01/2033 (A)		8,705		9,145
San Antonio, Housing Trust Finance, Echo East Apartments, Ser A-2, RB, FNMA
0.500%, 05/01/2024		1,190		1,191
San Antonio, Water System, RB
Callable 11/01/2021 @ 100
2.000%, 05/01/2043 (A)		1,000		1,007
San Antonio, Water System, Ser Junior A, RB
2.625%, 05/01/2049 (A)		750		801
South San Antonio, Independent School District, GO, PSF-GTD
0.502%, 08/15/2022 (B)		1,500		1,497
Tender Option Bond Trust Receipts, Ser 2021-XF1098, RB
0.330%, 01/01/2061 (A)(C)		8,850		8,850
Tender Option Bond Trust Receipts, Ser 2021-XF1099, RB
Callable 01/01/2038 @ 100
0.330%, 01/01/2061 (A)(C)		2,710		2,710
Texas State, Department of Housing & Community Affairs, RB
Callable 02/01/2022 @ 100
0.700%, 08/01/2040 (A)		1,830		1,834
Texas State, Municipal Gas Acquisition & Supply I, Ser Senior B, RB
Callable 06/03/2021 @ 100
0.823%, 12/15/2026 (A)		1,110		1,118
Texas State, Municipal Gas Acquisition & Supply II, Ser C, RB
0.811%, 09/15/2027 (A)		2,225		2,244



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Texas State, Municipal Gas Acquisition & Supply III, RB
5.000%, 12/15/2022	$	1,800	$	1,928
5.000%, 12/15/2023		500		557
Texas State, RB
4.000%, 08/26/2021		4,000		4,037
Weslaco, Housing Opportunities, Primrose Village Apartments, RB
1.420%, 01/01/2023 (A)		14,760		14,857


				134,200

Utah — 0.3%
Utah State, Infrastructure Agency, RB
4.000%, 10/15/2021		500		506
4.000%, 10/15/2022		325		341
Utah State, Water Finance Agency, Ser B-2- REMK, RB
Callable 06/03/2021 @ 100
0.070%, 10/01/2035 (A)		3,500		3,500


				4,347

Virginia — 1.3%
Chesapeake Bay, Bridge & Tunnel District, RB, BAN
5.000%, 11/01/2023		2,000		2,217
Halifax County, Industrial Development Authority, Virginia Electric & Power Project, RB
0.450%, 12/01/2041 (A)		2,000		2,002
Louisa, Industrial Development Authority, Virginia Electric & Power Project, Ser 2008A, RB
1.900%, 11/01/2035 (A)		6,050		6,232
Mizuho Floater, Ser 2020-MIZ9025, RB
Callable 07/06/2021 @ 100
0.110%, 11/01/2035 (A)(C)(D)		4,800		4,800
Wise County, Industrial Development Authority, Virginia Electric and Power Company Project, Ser A-RE, RB
0.750%, 10/01/2040 (A)		1,500		1,512


				16,763

Washington — 1.8%
Central Puget Sound, Regional Transit Authority, Ser S, RB
Callable 06/21/2021 @ 100
0.330%, 11/01/2045 (A)		10,000		10,000
Central Puget Sound, Regional Transit Authority, Ser S, RB
Callable 11/01/2022 @ 100
0.480%, 11/01/2045 (A)		1,525		1,532
Port of Seattle, Ser D, AMT, RB
5.000%, 05/01/2024		1,500		1,691



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Seattle, Housing Authority, Northgate Plaza Project, RB
Callable 06/01/2023 @ 100
1.000%, 06/01/2026	$	1,000	$	999
Seattle, Municipal Light & Power Revenue, Ser B, RB
Callable 06/24/2021 @ 100
0.320%, 05/01/2045 (A)		5,000		5,000
Washington State, Higher Education Facilities Authority, Seattle University Project, RB
5.000%, 05/01/2023		125		135
5.000%, 05/01/2024		160		179
Washington State, Housing Finance Commission, College Glen Apartments Project, Ser A, RB, FHA
1.550%, 07/01/2022 (A)		3,000		3,024


				22,560

West Virginia — 0.4%
Harrison County, Monongahela Project, AMT, RB
3.000%, 10/15/2037 (A)		750		756
West Virginia, Economic Development Authority, Appalachian Power Amos Project, RB
2.550%, 03/01/2040 (A)		2,515		2,660
West Virginia, Economic Development Authority, Wheeling Power Company - Mitchell Project, AMT, RB
3.000%, 06/01/2037 (A)		2,000		2,046


				5,462

Wisconsin — 3.2%
Clayton, Ser B, RB
Callable 06/01/2024 @ 100
2.000%, 06/01/2026		1,155		1,181
Kaukauna, Sanitary Sewer System Revenue, Ser C, RB
Callable 09/01/2022 @ 100
2.625%, 09/01/2024		240		246
Kaukauna, Storm Water System Revenue, Ser D, RB
Callable 09/01/2022 @ 100
2.625%, 09/01/2024		660		677
Mizuho Floater, Ser 2020-MIZ9018, RB
0.330%, 07/01/2027 (A)(C)(D)		2,500		2,500
Public Finance Authority, Renown Regional Medical Center, RB
5.000%, 06/01/2022		550		576



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Public Finance Authority, Waste Management Inc. Project, AMT, RB
1.100%, 07/01/2029 (A)	$	10,550	$	10,550
1.100%, 04/01/2033 (A)		3,000		3,000
Tender Option Bond Trust Receipts, Ser 2020-XF2873, RB
Callable 07/06/2021 @ 105
0.280%, 04/01/2029 (A)(C)(D)		1,400		1,400
Tender Option Bond Trust Receipts, Ser 2020-XF2887, RB
Callable 06/15/2026 @ 108
0.280%, 06/15/2038 (A)(C)(D)		750		750
Tender Option Bond Trust Receipts, Ser 2020-XF2925, RB
Callable 06/15/2030 @ 100
0.230%, 06/15/2045 (A)(C)(D)		1,000		1,000
Tender Option Bond Trust Receipts, Ser 2021-XF1222, RB, AGM
0.180%, 12/15/2028 (A)(C)		1,000		1,000
Tender Option Bond Trust Receipts, Ser 2021-XF2933, RB
Callable 06/15/2029 @ 100
0.230%, 12/15/2040 (A)(C)		1,650		1,650
Wisconsin State, Health & Educational Facilities Authority, Advocate Aurora Health, RB
Callable 01/27/2022 @ 100
0.480%, 08/15/2054 (A)		600		601
Wisconsin State, Housing & Economic Development Authority, Ser A, RB
0.700%, 09/01/2025		1,245		1,244
0.650%, 03/01/2025		1,700		1,699
Wisconsin State, Housing & Economic Development Authority, Ser B, RB
Callable 05/01/2023 @ 100
0.500%, 11/01/2050 (A)		600		599
Wisconsin State, Ser A, GO
Pre-Refunded @ 100
4.000%, 05/01/2022 (F)		10,715		11,099


				39,772

Multi-State — 0.8%
BB&T Municipal Trust, RB
0.850%, 11/30/2021 (A)(C)(D)		334		334
JPMorgan Chase Putters, Ser 5027, AMT, RB
0.210%, 12/01/2024 (A)(C)		9,600		9,600



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
JPMorgan Chase Putters, Ser 5033, AMT, RB
Callable 08/18/2021 @ 100
0.210%, 02/16/2022 (A)(C)(D)	$	100	$	100


				10,034


Total Municipal Bonds (Cost $1,230,451) ($ Thousands)				1,244,187


Total Investments in Securities — 100.1% (Cost $1,230,451) ($ Thousands)			$	1,244,187

Percentages are based on Net Assets of $1,243,278 ($ Thousands).

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(B)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(C)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2021, the value of these securities amounted to $126,061 ($ Thousands), representing 10.1% of the Net Assets of the Fund.

(D)	Securities are held in connection with a letter of credit issued by a major bank.

(E)	Security is escrowed to maturity.

(F)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

AGC — Assured Guaranty Corporation

AGM— Assured Guaranty Municipal

AMBAC — American Municipal Bond Assurance Corporation

AMT — Alternative Minimum Tax

BAM — Build America Mutual

BAN— Bond Anticipation Note

COP— Certificate of Participation

FHA— Federal Housing Administration

FHLMC — Federal Home Loan Mortgage Corporation

FNMA — Federal National Mortgage Association

GNMA — Government National Mortgage Association

GO — General Obligation

PSF-GTD — Public Schools Fund Guarantee

RAN— Revenue Anticipation Note

RB — Revenue Bond

Ser — Series

TA — Tax Allocation

TAN — Tax Allocation Note

As of May 31, 2021, all of the Fund’s investments were considered Level 2, in accordance with the authoritative guidance on fair value measurements and disclosure under U.S. GAAP.

For the period ended May 31, 2021, there were no transfers of Level 3.



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 98.8%
California — 98.8%
ABAG, Finance Authority for Nonprofit, Windemere Ranch Infrastructure Project, Ser A, Special Tax, AGM
5.000%, 09/02/2024	$	1,390	$	1,595
5.000%, 09/02/2025		990		1,173
Alameda Corridor, Transportation Authority, Ser A, RB
5.000%, 10/01/2023		2,160		2,392
Anaheim, Redevelopment Agency Successor Agency, Ser A, TA
5.000%, 02/01/2027		2,000		2,484
5.000%, 02/01/2028		4,000		5,091
Bakersfield, Wastewater Revenue, Ser A, RB
Callable 09/15/2025 @ 100
5.000%, 09/15/2029		1,250		1,482
Burbank, Redevelopment Agency Successor Agency, TA, BAM
5.000%, 12/01/2023		625		699
California State, Educational Facilities Authority, Chapman University Project, Ser A, RB
5.000%, 04/01/2029		400		521
5.000%, 04/01/2030		425		563
5.000%, 04/01/2031		470		634
California State, Educational Facilities Authority, Occidental College Project, RB
5.000%, 10/01/2025		400		478
California State, Educational Facilities Authority, Pepperdine University Project, RB
Callable 09/01/2025 @ 100
5.000%, 09/01/2026		650		773
California State, Educational Facilities Authority, University of Redlands Project, Ser A, RB
5.000%, 10/01/2023		830		915
California State, GO
5.000%, 08/01/2026		9,000		11,065
California State, GO
Callable 08/01/2026 @ 100
5.000%, 08/01/2027		3,000		3,683
California State, GO
Callable 08/01/2027 @ 100
5.000%, 08/01/2028		2,665		3,344
5.000%, 08/01/2031		5,000		6,254
California State, GO
Callable 11/01/2030 @ 100
5.000%, 11/01/2031		7,500		10,111
California State, GO, AGM
5.250%, 08/01/2032		2,000		2,820



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Health Facilities Financing Authority, Children’s Hospital of Orange County, RB
5.000%, 11/01/2027	$	1,500	$	1,894
California State, Health Facilities Financing Authority, Chinese Hospital Association Project, RB
Callable 06/01/2022 @ 100
5.000%, 06/01/2025		400		418
5.000%, 06/01/2026		350		365
California State, Health Facilities Financing Authority, City of Hope Project, RB
Callable 11/15/2024 @ 100
5.000%, 11/15/2027		1,200		1,379
California State, Health Facilities Financing Authority, City of Hope Project, Ser A, RB
Callable 11/15/2022 @ 100
5.000%, 11/15/2024		1,000		1,068
California State, Health Facilities Financing Authority, Kaiser Permanente Project, Ser 2006-C, RB
5.000%, 06/01/2041 (A)		4,000		5,292
California State, Health Facilities Financing Authority, St. Joseph Health System, RB
Callable 10/01/2027 @ 100
5.000%, 10/01/2039 (A)		1,500		1,891
California State, Health Facilities Financing Authority, Stanford Health Care, RB
3.000%, 08/15/2054 (A)		2,000		2,213
California State, Health Facilities Financing Authority, Stanford Health Care, Ser A, RB
5.000%, 11/15/2027		1,000		1,270
California State, Health Facilities Financing Authority, Sutter Health Project, Ser A, RB
5.000%, 11/15/2026		500		619
California State, Housing Finance Agency, Ser 2, RB
4.000%, 03/20/2033		978		1,155
California State, Housing Finance Agency, Ser A, RB
4.250%, 01/15/2035		1,462		1,772
California State, Infrastructure & Economic Development Bank, Academy Motion Picture Art, RB
5.000%, 11/01/2023		1,000		1,114
5.000%, 11/01/2030		3,000		4,029



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Infrastructure & Economic Development Bank, Academy of Sciences, RB
Callable 06/24/2021 @ 100
0.440%, 08/01/2047 (A)	$	3,500	$	3,500
California State, Infrastructure & Economic Development Bank, Ser B, RB
Callable 08/01/2029 @ 100
5.000%, 11/01/2029		2,125		2,781
California State, Infrastructure & Economic Development Bank, Walt Disney Family Museum, RB
5.000%, 02/01/2023		350		376
5.000%, 02/01/2024		500		558
California State, Municipal Finance Authority, Biola University Project, RB
5.000%, 10/01/2024		1,110		1,267
California State, Municipal Finance Authority, Community Medical Centers, Ser A, RB
5.000%, 02/01/2025		1,000		1,160
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser A, RB
5.000%, 07/01/2025		500		584
5.000%, 07/01/2027		1,170		1,438
California State, Municipal Finance Authority, Eisenhower Medical Center, Ser B, RB
5.000%, 07/01/2026		450		540
California State, Municipal Finance Authority, Humangood Obligation Group, Ser A, RB
Callable 10/01/2026 @ 100
4.000%, 10/01/2029		1,260		1,439
California State, Municipal Finance Authority, Linxs APM Project, AMT, RB
Callable 06/30/2028 @ 100
5.000%, 12/31/2028		1,000		1,258
5.000%, 06/30/2029		1,300		1,629
5.000%, 12/31/2029		1,000		1,249
California State, Municipal Finance Authority, Orange County Civic Center Infrastructure Project, RB
5.000%, 06/01/2025		500		588
5.000%, 06/01/2026		310		375
California State, Municipal Finance Authority, Orchard Park Student Housing Project, RB, BAM
5.000%, 05/15/2029		700		905
5.000%, 05/15/2030		900		1,185



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Municipal Finance Authority, UCR North District, Phase 1 Student Project, RB, BAM
5.000%, 05/15/2026	$	500	$	605
California State, Municipal Finance Authority, Waste Management Project, Ser A, RB
1.300%, 02/01/2039 (A)(B)		2,000		2,062
California State, Pollution Control Financing Authority, Waste Management Project, AMT, RB
2.500%, 11/01/2038 (A)		1,125		1,195
California State, Public Works Board, Ser B, RB
Callable 10/01/2027 @ 100
5.000%, 10/01/2028		2,005		2,521
California State, Public Works Board, Various Corrections Facilities Project, Ser A, RB
Callable 09/01/2024 @ 100
5.000%, 09/01/2025		3,600		4,136
California State, School Facilities Project, GO
Callable 11/01/2023 @ 100
5.000%, 11/01/2029		3,000		3,339
California State, School Finance Authority, Aspire Public Schools, RB
5.000%, 08/01/2023 (B)		825		905
California State, Statewide Communities Development Authority, Henry Mayo Newhall Memorial Project, Ser A, RB, AGM
5.000%, 10/01/2022		500		531
5.000%, 10/01/2023		500		552
California State, Statewide Communities Development Authority, Kaiser Permanente Project, Ser 2004-M, RB
5.000%, 04/01/2038 (A)		4,000		5,292
California State, Statewide Communities Development Authority, Viamonte Senior Living Project, RB
Callable 07/06/2021 @ 100
3.000%, 07/01/2025		2,800		2,805
California State, Tobacco Securitization Agency, RB
5.000%, 06/01/2023		1,200		1,282
California State, Various Purpose, GO
5.000%, 11/01/2026		5,000		6,193
5.000%, 03/01/2029		1,300		1,697
California State, Various Purpose, GO
Callable 09/01/2022 @ 100
5.000%, 09/01/2025		2,000		2,122



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Various Purpose, GO
Callable 04/01/2023 @ 100
5.000%, 10/01/2029	$	4,130	$	4,485
California State, Various Purpose, GO
Callable 12/01/2023 @ 100
5.000%, 12/01/2024		3,000		3,355
California State, Various Purpose, GO
Callable 10/01/2029 @ 100
5.000%, 10/01/2030		1,230		1,622
California State, Various Purpose, Group B, GO
5.000%, 09/01/2026		2,000		2,465
Carlsbad, Unified School District, Ser B, GO
Callable 05/01/2024 @ 100
6.000%, 05/01/2034		2,750		3,198
Contra Costa, Transportation Authority, Ser A, RB
Callable 06/24/2021 @ 100
0.315%, 03/01/2034 (A)		3,000		3,000
Contra Costa, Water District, Ser T, RB
5.000%, 10/01/2024		1,325		1,532
El Dorado, Irrigation District, Ser B, COP
5.000%, 03/01/2025		1,000		1,173
FHLMC Multifamily Certificates, Relating to Municipal Securities, Ser M-049, RB
Callable 03/15/2029 @ 100
3.050%, 04/15/2034		1,480		1,628
Fresno, Joint Powers Financing Authority, Master Lease Project, Ser A, RB, AGM
5.000%, 04/01/2025		1,500		1,734
Golden State, Tobacco Securitization Project, Ser A1, RB
5.000%, 06/01/2025		3,365		3,947
5.000%, 06/01/2026		1,500		1,813
5.000%, 06/01/2027		5,000		6,203
Hesperia Community, Redevelopment Agency Successor Agency, Ser A, COP, AGM
Callable 09/01/2028 @ 100
5.000%, 09/01/2029		2,275		2,890
Imperial, Irrigation District Electric System Revenue Authority, Ser B2, RB
5.000%, 11/01/2024		730		845
5.000%, 11/01/2025		1,000		1,197
Imperial, Irrigation District Electric System Revenue Authority, Ser C, RB
5.000%, 11/01/2024		625		723
Inglewood, Redevelopment Agency Successor Agency, Sub Lien-Merged Redevelopment Project, Sub-Ser, TA, BAM
5.000%, 05/01/2025		1,000		1,170



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
5.000%, 05/01/2026	$	500	$	603
Lancaster, Redevelopment Agency Successor Agency, Combined Redevelopment Project Areas, TA, AGM
5.000%, 08/01/2024		435		496
5.000%, 08/01/2025		570		671
Lodi, Public Financing Authority, RB, AGM
5.000%, 09/01/2026		1,000		1,221
Long Beach, Harbor Revenue, Ser A, AMT, RB
5.000%, 05/15/2026		1,100		1,322
5.000%, 05/15/2027		2,000		2,463
Long Beach, Harbor Revenue, Ser B, RB
5.000%, 05/15/2024		1,000		1,135
Long Beach, Harbor Revenue, Ser C, AMT, RB
Callable 05/15/2025 @ 100
5.000%, 05/15/2026		2,370		2,760
Long Beach, Marina Revenue, RB
5.000%, 05/15/2022		900		938
5.000%, 05/15/2023		700		756
Los Angeles County, Metropolitan Transportation Authority, RB
5.000%, 06/01/2030		545		736
Los Angeles County, Metropolitan Transportation Authority, Ser A, RB
5.000%, 06/01/2026		2,400		2,940
Los Angeles County, Redevelopment Authority, Bunker Hill Project, Ser C, TA
5.000%, 12/01/2024		2,000		2,306
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
5.000%, 05/15/2027		6,990		8,677
5.000%, 05/15/2028		1,000		1,269
5.000%, 05/15/2029		3,000		3,877
Los Angeles, Department of Airports, Los Angeles International Airport Project, Sub-Ser, AMT, RB
Callable 05/15/2026 @ 100
5.000%, 05/15/2027		1,000		1,205
Los Angeles, Department of Airports, Ser B, AMT, RB
5.000%, 05/15/2025		2,000		2,346
Los Angeles, Harbor Department, Ser A, RB
5.000%, 08/01/2025		1,000		1,186
Los Angeles, Unified School District, Ser A, GO
5.000%, 07/01/2025		2,000		2,372
5.000%, 07/01/2026		1,000		1,224
5.000%, 07/01/2029		3,940		5,211



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Los Angeles, Unified School District, Ser A, GO
Callable 01/01/2031 @ 100
5.000%, 07/01/2031	$	5,000	$	6,809
Los Angeles, Unified School District, Ser B1, GO
Callable 01/01/2028 @ 100
5.000%, 07/01/2029		1,000		1,267
Northern California, Energy Authority, Ser A, RB
4.000%, 07/01/2049 (A)		3,000		3,309
Northern California, Tobacco Securitization Authority, RB
Callable 12/01/2030 @ 100
4.000%, 06/01/2049		1,500		1,727
Palm Desert, Redevelopment Agency Successor Agency, Ser A, TA, BAM
5.000%, 10/01/2024		1,200		1,377
Palm Springs, Airport Revenue, Palm Springs International Airport Project, AMT, RB, BAM
Callable 06/01/2025 @ 100
5.000%, 06/01/2028		1,100		1,272
Pittsburg, Redevelopment Agency Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2023		3,000		3,309
Redlands, Unified School District, San Bernadino County, GO
Callable 07/01/2027 @ 100
5.000%, 07/01/2028		1,000		1,261
Riverside County, Redevelopment Successor Agency, Jurupa Valley Redevelopment Project, TA
5.000%, 10/01/2025		560		663
5.000%, 10/01/2026		500		610
Riverside, Unified School District, Ser B, GO
Callable 08/01/2027 @ 100
4.000%, 08/01/2028		1,000		1,197
Roseville, Finance Authority, Ser A, Special Tax
5.000%, 09/01/2023		550		610
5.000%, 09/01/2025		1,000		1,194
Sacramento County, Airport System Revenue, Ser B, RB
5.000%, 07/01/2026		1,000		1,220
Sacramento County, Sanitation Districts Financing Authority, RB
5.000%, 12/01/2028		1,000		1,309
5.000%, 12/01/2029		500		668



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Sacramento, Area Flood Control Agency, Consolidated Capital Assessment District No. 2 Bonds, Ser A, SAB
5.000%, 10/01/2026	$	850	$	1,044
Sacramento, Municipal Utility District, Financing Authority, Cosumnes Project, Ser D, RB
5.000%, 08/15/2026		1,000		1,230
Sacramento, Municipal Utility District, RB
5.000%, 07/01/2024		500		573
Sacramento, Redevelopment Agency Successor Agency, Ser A, TA, BAM
5.000%, 12/01/2024		1,000		1,154
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
5.000%, 07/01/2025		500		588
5.000%, 07/01/2026		400		483
5.000%, 07/01/2027		500		619
San Diego County, Regional Airport Authority, Sub-Ser B, AMT, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2028		1,000		1,237
San Diego County, Sanford Burnham Presbyterian Medical Discovery Institute, RB
5.000%, 11/01/2024		1,200		1,385
San Diego County, Water Authority, RB
5.000%, 05/01/2025		2,155		2,546
San Diego County, Water Authority, Sub-Ser S1, RB
Callable 03/15/2028 @ 100
5.000%, 05/01/2028		2,500		3,217
San Diego, Association of Governments South Bay Expressway Revenue, Ser A, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2028		1,000		1,235
San Diego, Public Facilities Financing Authority, Capital Improvement Projects, Ser A, RB
5.000%, 10/15/2029		300		399
5.000%, 10/15/2030		400		541
San Diego, Regional Building Authority, County Operations Center Project, Ser A, RB
Callable 10/15/2025 @ 100
5.000%, 10/15/2027		1,000		1,188
San Francisco Bay Area, Rapid Transit District, Ser A, RB
5.000%, 07/01/2025		500		593



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
San Francisco Bay Area, Rapid Transit District, Ser C-1, GO
Callable 08/01/2029 @ 100
4.000%, 08/01/2031	$	2,000	$	2,489
San Francisco City & County, Airport Commission, San Francisco International Airport, AMT, RB
5.000%, 01/01/2026		2,500		2,982
San Francisco City & County, Airport Commission, San Francisco International Airport, RB
5.000%, 05/01/2025		1,000		1,179
San Francisco City & County, Airport Commission, San Francisco International Airport, Ser B, RB
5.000%, 05/01/2031		2,500		3,406
San Francisco City & County, Airport Commission, San Francisco International Airport, Ser B, RB
Callable 05/01/2031 @ 100
5.000%, 05/01/2032		2,500		3,392
San Francisco City & County, Airport Commission, San Francisco International Airport, Ser D, AMT, RB
5.000%, 05/01/2026		3,000		3,621
San Francisco City & County, Redevelopment Agency Successor Agency, Mission Bay South Redevelopment Project, Ser C, TA
5.000%, 08/01/2022		275		290
San Francisco City & County, Redevelopment Agency Successor Agency, Mission Bay South Redevelopment Project, Ser S, TA
5.000%, 08/01/2023		425		467
San Francisco City & County, Ser R1, GO
Callable 06/15/2023 @ 100
5.000%, 06/15/2026		3,000		3,293
San Francisco, Public Utilities Commission Water Revenue, Ser D, RB
5.000%, 11/01/2027		3,000		3,805
San Francisco, Public Utilities Commission Water Revenue, Sub-Ser D, RB
Pre-Refunded @ 100
5.000%, 11/01/2021 (C)		10		10
San Francisco, Public Utilities Commission Water Revenue, Sub-Ser, RB
5.000%, 11/01/2026		4,500		5,560
San Joaquin, Delta Community College District, Ser A, GO
5.000%, 08/01/2025		2,000		2,385



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser A, AMT, RB
5.000%, 03/01/2025	$	1,000	$	1,163
5.000%, 03/01/2026		1,780		2,128
San Jose, Norman Y Mineta San Jose International Airport SJC, Ser B, RB
5.000%, 03/01/2029		500		648
5.000%, 03/01/2030		700		923
5.000%, 03/01/2031		860		1,157
San Jose, Redevelopment Agency Successor Agency, Sub-Ser B, TA
5.000%, 08/01/2027		1,000		1,259
Santa Ana, College Improvement District #1, Rancho Santiago Community College District, GO
Callable 08/01/2026 @ 100
3.000%, 08/01/2032		1,000		1,087
3.000%, 08/01/2033		2,580		2,800
Santa Barbara County, Solid Waste Systems, Ser B, AMT, COP
5.000%, 12/01/2025		1,440		1,709
Solano County, COP
5.000%, 11/01/2025		700		833
Sonoma-Marin Area, Rail Transit District, Ser A, RB
Pre-Refunded @ 100
5.000%, 03/01/2022 (C)		725		752
South Orange County, Public Financing Authority, Special Tax, Ser A
Callable 08/15/2021 @ 102
5.000%, 08/15/2023		725		750
5.000%, 08/15/2024		1,000		1,035
Southern California, Metropolitan Water District, Ser A, RB
5.000%, 07/01/2025		1,400		1,665
Southern California, Public Power Authority, Canyon Power Project, Ser A, RB
Pre-Refunded @ 100
5.000%, 07/01/2021 (C)		500		502
Southern California, Public Power Authority, Magnolia Power Project, RB
5.000%, 07/01/2024		1,120		1,282
Southern California, Public Power Authority, Milford Wind Corridor, Phase II Project, RB
5.000%, 07/01/2030		800		1,079
Southern California, Public Power Authority, Ser A, RB
5.250%, 11/01/2025		2,930		3,508



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Southern California, Public Power Authority, Windy Point/Windy Flats Project, RB
Callable 01/01/2024 @ 100
5.000%, 04/01/2024	$	1,000	$	1,123
Southern California, Water Replenishment District, RB
5.000%, 08/01/2025		425		507
Stockton, Redevelopment Agency Successor Agency, Ser A, TA, AGM
5.000%, 09/01/2026		1,000		1,217
Stockton, Redevelopment Agency Successor Agency, Ser A, TA, AGM
Callable 09/01/2026 @ 100
5.000%, 09/01/2027		1,000		1,210
Tulare, Local Health Care District, GO, BAM
4.000%, 08/01/2027		585		684
4.000%, 08/01/2028		435		516
4.000%, 08/01/2029		735		882
4.000%, 08/01/2030		1,320		1,599
Tuolumne, Wind Project Authority, Wind Project, Ser A, RB
5.000%, 01/01/2026		1,000		1,209
Tustin, Unified School District, Community Facilities District #97-1, Special Tax
5.000%, 09/01/2023		1,000		1,102
University of California, Regents Medical Center Pooled Revenue, Ser L, RB
5.000%, 05/15/2024		2,000		2,274
University of California, Ser AM, RB
Callable 05/15/2024 @ 100
5.000%, 05/15/2025		1,000		1,140
University of California, Ser BE, RB
5.000%, 05/15/2028		1,000		1,289
Upland, Community Redevelopment Agency Successor Agency, Community Development Project, TA
5.000%, 09/01/2025		1,280		1,512
Western, Municipal Water District Facilities Authority, Ser A, RB
Callable 10/01/2030 @ 100
5.000%, 10/01/2033		2,000		2,703
Westlands, Water District, Ser A, RB, AGM
5.000%, 09/01/2025		1,430		1,706

Total Municipal Bonds (Cost $331,637) ($ Thousands)				348,985



Description	Shares		Market Value ($ Thousands)

CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		1,085,082	$	1,085
Total Cash Equivalent (Cost $1,085) ($ Thousands)				1,085

Total Investments in Securities — 99.1% (Cost $332,722) ($ Thousands)			$	350,070

Percentages are based on Net Assets of $353,174 ($ Thousands).

**	Rate shown is the 7-day effective yield as of May 31, 2021.

^†	Investment in Affiliated Security.

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(B)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2021, the value of these securities amounted to $2,967 ($ Thousands), representing 0.8% of the Net Assets of the Fund.

(C)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

ABAG — Association of Bay Area Governments

AGM— Assured Guaranty Municipal

AMT — Alternative Minimum Tax

BAM — Build America Mutual

Cl — Class

COP— Certificate of Participation

FHLMC — Federal Home Loan Mortgage Corporation

GO — General Obligation

RB — Revenue Bond

SAB— Special Assessment Bond

Ser — Series

TA — Tax Allocation

The following is a list of the level of inputs used as of May 31, 2021 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2

($)

Level 3
($)

Total

($)

Municipal Bonds

–

348,985

–

348,985

Cash Equivalent

1,085

–

1,085

Total Investments in Securities

1,085

348,985

–

350,070

For the period ended May 31, 2021, there were no transfers in or out of Level 3.

The following is a summary of the transactions with affiliates for the period ended May 31, 2021 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 97.0%
Massachusetts — 97.0%
Boston, Ser A, GO
5.000%, 04/01/2027	$	1,000	$	1,254
Boston, Ser A, GO
Callable 03/01/2024 @ 100
5.000%, 03/01/2025		500		564
Boston, Ser A, GO
Callable 11/01/2030 @ 100
4.000%, 11/01/2031		1,500		1,894
Boston, Transit Parking Authority, RB
Callable 07/01/2021 @ 100
5.000%, 07/01/2022		500		502
Hingham, GO
Callable 08/15/2028 @ 100
4.000%, 02/15/2030		340		416
4.000%, 02/15/2031		320		389
Lowell, GO
5.000%, 09/01/2027		1,520		1,919
Massachusetts Bay, Transportation Authority, Ser A, RB
5.250%, 07/01/2030		500		683
5.250%, 07/01/2031		750		1,047
5.000%, 07/01/2025		1,000		1,187
5.000%, 07/01/2026		1,000		1,224
5.000%, 07/01/2027		1,500		1,887
Massachusetts Bay, Transportation Authority, Sub-Ser A-1, RB
5.000%, 07/01/2031		1,000		1,372
Massachusetts State, Clean Energy Cooperative, Municipal Lighting Plant Cooperative, RB
5.000%, 07/01/2023		500		547
Massachusetts State, Clean Water Trust, RB
5.000%, 08/01/2030		1,315		1,777
Massachusetts State, Clean Water Trust, RB
Callable 02/01/2026 @ 100
5.000%, 02/01/2029		1,000		1,203
Massachusetts State, Clean Water Trust, Ser 23B, RB
5.000%, 02/01/2029		800		1,049
Massachusetts State, Department of Transportation, Ser A, RB
5.000%, 01/01/2029		1,000		1,305
Massachusetts State, Department of Transportation, Sub-Ser C, RB
5.000%, 01/01/2027		1,020		1,266
Massachusetts State, Development Finance Agency, Baystate Medical Center Project, Ser N, RB
5.000%, 07/01/2023		200		219



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Massachusetts State, Development Finance Agency, Beth Israel Lahey Health Project, RB
5.000%, 07/01/2028	$	585	$	748
Massachusetts State, Development Finance Agency, Boston College, Ser U, RB
5.000%, 07/01/2029		1,000		1,316
Massachusetts State, Development Finance Agency, Boston Medical Center, Ser E, RB
5.000%, 07/01/2026		200		240
Massachusetts State, Development Finance Agency, Brandeis University Project, Ser S, RB
Callable 04/01/2029 @ 100
5.000%, 10/01/2029		1,000		1,286
Massachusetts State, Development Finance Agency, Broad Institute Project, RB
5.000%, 04/01/2025		500		587
Massachusetts State, Development Finance Agency, CareGroup Project, Ser H, RB
5.000%, 07/01/2024		500		570
Massachusetts State, Development Finance Agency, CareGroup Project, Ser I, RB
5.000%, 07/01/2026		500		609
Massachusetts State, Development Finance Agency, CareGroup Project, Ser J, RB
5.000%, 07/01/2024		500		570
Massachusetts State, Development Finance Agency, College Holy Cross Project, Ser A, RB
5.000%, 09/01/2026		200		245
Massachusetts State, Development Finance Agency, Dana-Farber Cancer Institute, Ser O, RB
5.000%, 12/01/2026		1,000		1,222
Massachusetts State, Development Finance Agency, Harvard University, Ser A, RB
5.000%, 07/15/2026		2,280		2,802
5.000%, 10/15/2028		500		653
Massachusetts State, Development Finance Agency, Lahey Clinic Project, Ser F, RB
5.000%, 08/15/2024		750		859
Massachusetts State, Development Finance Agency, Lesley University Project, RB
5.000%, 07/01/2024		1,000		1,134
Massachusetts State, Development Finance Agency, Milton Academy, Ser A, RB
5.000%, 03/01/2028		400		509
Massachusetts State, Development Finance Agency, Northeastern University, Ser A, RB



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
5.000%, 10/01/2025	$	970	$	1,160
Massachusetts State, Development Finance Agency, Partners Health Care Systems Project, RB
5.000%, 07/01/2023		1,045		1,149
5.000%, 07/01/2025		1,000		1,184
Massachusetts State, Development Finance Agency, Partners Health Care Systems Project, RB
Pre-Refunded @ 100
5.000%, 07/01/2025 (A)		500		593
Massachusetts State, Development Finance Agency, Ser A, RB
Callable 07/31/2029 @ 102
5.000%, 07/01/2050 (B)		1,000		1,305
Massachusetts State, Development Finance Agency, South Shore Hospital Project, Ser I, RB
5.000%, 07/01/2025		500		585
Massachusetts State, Development Finance Agency, Sterling and Francine Clark Art Institute, RB
4.000%, 07/01/2024		400		444
Massachusetts State, Development Finance Agency, Suffolk University Project, RB
5.000%, 07/01/2024		850		967
Massachusetts State, Development Finance Agency, UMass Memorial Health Care, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2031		1,000		1,219
Massachusetts State, Development Finance Agency, Wellforce, Ser A, RB
5.000%, 07/01/2023		700		765
Massachusetts State, Development Finance Agency, Worcester Polytechnic Institute, RB
Callable 09/01/2029 @ 100
5.000%, 09/01/2030		210		271
Massachusetts State, Educational Financing Authority, Ser A, AMT, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2026		400		457
Massachusetts State, Educational Financing Authority, Ser K, AMT, RB
5.000%, 07/01/2022		500		526
Massachusetts State, Health & Educational Facilities Authority, Massachusetts Institute of Technology Project, Ser M, RB
5.250%, 07/01/2029		500		667



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Massachusetts State, Port Authority, BosFuel Project, Ser A, AMT, RB
5.000%, 07/01/2027	$	1,000	$	1,239
5.000%, 07/01/2029		840		1,082
Massachusetts State, Port Authority, Ser A, AMT, RB
5.000%, 07/01/2027		1,000		1,240
5.000%, 07/01/2028		1,000		1,265
Massachusetts State, Port Authority, Ser A, AMT, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2028		250		308
Massachusetts State, Port Authority, Ser A, RB
5.000%, 07/01/2025		1,000		1,186
Massachusetts State, Port Authority, Ser C, AMT, RB
5.000%, 07/01/2028		1,000		1,265
Massachusetts State, Port Authority, Ser C, RB
5.000%, 07/01/2024		520		596
Massachusetts State, Ser A, GO
5.000%, 07/01/2026		2,625		3,215
Massachusetts State, Ser B, GO
5.000%, 07/01/2026		1,000		1,225
5.000%, 07/01/2027		1,000		1,259
5.000%, 01/01/2028		1,500		1,913
Massachusetts State, Ser D, GO
5.000%, 04/01/2026		1,000		1,215
Massachusetts State, Ser E, GO
5.000%, 11/01/2027		2,000		2,540
5.000%, 09/01/2028		1,000		1,296
5.000%, 11/01/2030		1,000		1,355
Massachusetts State, Transportation Fund Revenue, Metropolitan Highway System, Ser A, RB
5.000%, 01/01/2027		1,000		1,234
Massachusetts State, Transportation Fund Revenue, Rail Enhancement & Accelerated Program, RB
Callable 06/01/2024 @ 100
5.000%, 06/01/2030		1,000		1,137
Massachusetts State, Transportation Fund Revenue, Ser A, RB
5.000%, 06/01/2026		1,000		1,220
Massachusetts State, Water Resources Authority, Ser B, RB
5.000%, 08/01/2028		1,000		1,293
Massachusetts State, Water Resources Authority, Ser F, RB
5.000%, 08/01/2024		1,000		1,148



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
University of Massachusetts, Building Authority, Ser 1, RB
Callable 11/01/2029 @ 100
5.000%, 11/01/2030	$	1,500	$	1,979
University of Massachusetts, Building Authority, Ser 2019-1, RB
5.000%, 05/01/2025		500		590
University of Massachusetts, Building Authority, UMass Project, RB
5.000%, 11/01/2026		1,000		1,237
Winchester, Municipal Purpose Loan, GO
Callable 07/01/2025 @ 100
5.000%, 07/01/2026		500		592
Woods Hole, Marthas Vineyard & Nantucket, Steamship Authority, Ser A, RB
5.000%, 03/01/2029		1,150		1,503
Worcester, GO
Callable 02/15/2028 @ 100
4.000%, 02/15/2030		285		340


Total Municipal Bonds (Cost $76,709) ($ Thousands)				80,818


	Shares

CASH EQUIVALENT — 1.6%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		1,351,256		1,351


Total Cash Equivalent (Cost $1,351) ($ Thousands)				1,351


Total Investments in Securities — 98.6% (Cost $78,060) ($ Thousands)			$	82,169

Percentages are based on Net Assets of $83,313 ($ Thousands).

**	Rate shown is the 7-day effective yield as of May 31, 2021.

^†	Investment in Affiliated Security.

(A)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

(B)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

AMT — Alternative Minimum Tax

Cl — Class

GO — General Obligation

RB — Revenue Bond

Ser — Series

The following is a list of the level of inputs used as of May 31, 2021 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3

($)

Total

($)

Municipal Bonds

–

80,818

–

80,818

Cash Equivalent

1,351

–

1,351

Total Investments in Securities

1,351

80,818

–

82,169

For the period ended May 31, 2021, there were no transfers in or out of Level 3.

The following is a summary of the transactions with affiliates for the period ended May 31, 2021 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 95.2%
Delaware — 2.0%
Delaware State, River & Bay Authority, RB
5.000%, 01/01/2029	$	1,000	$	1,285
Delaware State, River & Bay Authority, Ser B, RB
5.000%, 01/01/2024		1,000		1,117


				2,402

New Jersey — 80.3%
Bayonne City, Qualified General Improvement Project, GO, BAM
5.000%, 07/01/2024		825		940
Bergen County, GO
Callable 07/15/2027 @ 100
3.000%, 07/15/2029		1,000		1,128
Bergen County, Improvement Authority, Ser C, RB
5.000%, 08/15/2025		2,160		2,568
Camden County, Improvement Authority, Cooper Health System Project, RB
5.000%, 02/15/2024		1,000		1,118
Camden County, Improvement Authority, County Capital Program, RB
5.000%, 01/15/2025		420		488
5.000%, 01/15/2026		1,820		2,187
Carlstadt, School District, GO
5.000%, 05/01/2023		500		545
Carlstadt, School District, GO
Callable 05/01/2024 @ 100
5.000%, 05/01/2025		500		567
Essex County, GO
5.000%, 08/01/2025		2,500		2,969
Essex County, Improvement Authority, County Guaranteed Project, RB, NATL
5.500%, 10/01/2025		1,000		1,218
Gloucester County, Improvement Authority, Rowan University Fossil Park, RB, BAM
Callable 07/01/2030 @ 100
5.000%, 07/01/2031		375		491
Gloucester County, Improvement Authority, Rowan University Project, Ser A, RB, AGM
5.000%, 11/01/2025		500		594
Gloucester County, Improvement Authority, Rowan University Project, Ser B, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2026		1,000		1,169
Gloucester County, Improvement Authority, Ser A, RB
5.000%, 07/15/2023		1,000		1,101



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Hudson County, Improvement Authority, Vocational - Technical School Project, RB
5.000%, 05/01/2026	$	500	$	605
Jersey City, Ser A, GO
5.000%, 11/01/2025		125		149
Matawan-Aberdeen, Regional School District, GO
Callable 09/15/2021 @ 100
5.000%, 09/15/2023		500		507
Middlesex County, Improvement Authority, New Brunswick Cultural Center Project, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2028		1,755		2,211
Monmouth County, GO
5.000%, 07/15/2025		3,280		3,895
Monmouth County, Improvement Authority, Governmental Pooled Loans, Ser C, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2027		1,000		1,244
Montgomery Township, Board of Education, GO
5.000%, 04/01/2025		1,300		1,524
New Jersey State, Economic Development Authority, Cigarette Tax, RB
Callable 06/15/2022 @ 100
5.000%, 06/15/2023		1,000		1,042
5.000%, 06/15/2024		685		713
New Jersey State, Economic Development Authority, New Jersey Natural Gas, AMT, RB
2.450%, 04/01/2059		2,000		2,102
New Jersey State, Economic Development Authority, Provident Group Montclair Project, RB, AGM
5.000%, 06/01/2027		1,000		1,243
New Jersey State, Economic Development Authority, School Facilities Construction Project, Ser II, RB
Callable 03/01/2022 @ 100
5.000%, 03/01/2025		2,500		2,588
New Jersey State, Economic Development Authority, Ser A, RB, BAM
5.000%, 07/01/2027		1,140		1,427
New Jersey State, Educational Facilities Authority, Montclair State University, Ser B, RB
Callable 07/01/2026 @ 100
5.000%, 07/01/2028		2,260		2,732



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser A, RB, AGM
5.000%, 07/01/2025	$	1,000	$	1,174
New Jersey State, Educational Facilities Authority, Ramapo College Project, Ser B, RB, AGM
5.000%, 07/01/2025		1,000		1,174
New Jersey State, Educational Facilities Authority, Ser A, RB
Callable 07/01/2030 @ 100
5.000%, 07/01/2033		1,360		1,737
New Jersey State, Educational Facilities Authority, Stockton University Project, Ser A, RB
5.000%, 07/01/2026		1,000		1,201
New Jersey State, Educational Facilities Authority, William Patterson University Project, Ser C, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2027		1,905		2,196
New Jersey State, Environmental Infrastructure Trust, RB
5.250%, 09/01/2021		995		1,008
5.250%, 09/01/2021 (A)		80		80
5.000%, 09/01/2023		1,000		1,108
New Jersey State, GO
5.250%, 08/01/2021		2,000		2,017
New Jersey State, Health Care Facilities Financing Authority, AHS Hospital Project, RB
5.000%, 07/01/2026		735		881
New Jersey State, Health Care Facilities Financing Authority, Barnabas Health Project, Ser A, RB
Callable 07/01/2022 @ 100
5.000%, 07/01/2025		1,000		1,051
New Jersey State, Health Care Facilities Financing Authority, Hackensack Meridian Health Project, RB
5.000%, 07/01/2026		2,000		2,440
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
5.000%, 07/01/2023		1,000		1,096
New Jersey State, Health Care Facilities Financing Authority, Inspira Health Obligated Group, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2031		1,080		1,333



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Health Care Facilities Financing Authority, Meridian Health System Obligated Group, RB
Callable 07/01/2022 @ 100
5.000%, 07/01/2023	$	985	$	1,035
New Jersey State, Health Care Facilities Financing Authority, Princeton Healthcare System Project, RB
Callable 07/01/2026 @ 100
5.000%, 07/01/2027		1,000		1,224
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, RB
5.000%, 07/01/2022		500		526
5.000%, 07/01/2025		1,000		1,184
New Jersey State, Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, RB
Callable 04/01/2026 @ 101
5.000%, 07/01/2045 (B)		1,500		1,820
New Jersey State, Health Care Facilities Financing Authority, Valley Health System Obligated Group, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2030		1,250		1,623
New Jersey State, Health Care Facilities Financing Authority, Virtua Health Project, RB
Callable 01/01/2024 @ 100
5.000%, 07/01/2026		1,000		1,113
New Jersey State, Higher Education Student Assistance Authority, Ser 1A, AMT, RB
5.000%, 12/01/2022		1,500		1,604
New Jersey State, Higher Education Student Assistance Authority, Ser A, AMT, RB
Callable 06/01/2028 @ 100
3.350%, 12/01/2029		665		706
New Jersey State, Higher Education Student Assistance Authority, Ser A, RB
Callable 06/01/2028 @ 100
5.000%, 12/01/2028		675		838
New Jersey State, Housing & Mortgage Finance Agency, Single Family Housing, AMT, RB
3.250%, 04/01/2025		875		940
New Jersey State, Institute of Technology, RB
5.000%, 07/01/2028		200		254
5.000%, 07/01/2029		270		350



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New Jersey State, Institute of Technology, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2030	$	260	$	335
5.000%, 07/01/2031		375		481
New Jersey State, Institute of Technology, Ser A, RB
Pre-Refunded @ 100
5.000%, 07/01/2022 (C)		1,400		1,473
New Jersey State, Transportation Trust Fund Authority, Ser S, RB
Callable 12/15/2028 @ 100
5.000%, 06/15/2030		1,000		1,259
New Jersey State, Transportation Trust Fund Authority, Transportation Systems Project, Ser A, RB
5.500%, 12/15/2021		2,500		2,570
New Jersey State, Transportation Trust Fund Authority, Transportation Systems Project, Ser A, RB, NATL
5.250%, 12/15/2021		1,600		1,643
5.250%, 12/15/2021 (A)		15		15
New Jersey State, Turnpike Authority, Ser A, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2028		1,430		1,747
New Jersey State, Turnpike Authority, Ser B, RB
5.000%, 01/01/2028		1,000		1,259
New Jersey State, Turnpike Authority, Ser C, RB
5.000%, 01/01/2025		1,000		1,160
New Jersey State, Turnpike Authority, Ser D, RB
5.000%, 01/01/2028		1,000		1,214
New Jersey State, Turnpike Authority, Ser E, RB
5.000%, 01/01/2027		1,420		1,750
New Jersey State, Turnpike Authority, Ser E, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2029		960		1,200
North Hudson, Sewerage Authority, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/01/2022 (C)		90		94
Ocean County, Ser A, GO
Callable 08/01/2025 @ 100
5.000%, 08/01/2027		700		832



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Passaic County, Improvement Authority, City of Paterson Project, RB
5.000%, 06/15/2023	$	400	$	438
5.000%, 06/15/2024		315		359
5.000%, 06/15/2025		250		295
Passaic County, Improvement Authority, City of Paterson Project, RB
Callable 08/01/2025 @ 100
5.000%, 08/01/2027		545		645
Rutgers State University, Ser M, RB
Callable 05/01/2026 @ 100
5.000%, 05/01/2027		1,000		1,199
Rutgers State University, Ser N, RB
5.000%, 05/01/2028		500		633
Salem County, Pollution Control Financing Authority, Chambers Project, Ser A, AMT, RB
5.000%, 12/01/2023		720		760
Somerset County, Ser A&B, GO
Callable 08/01/2027 @ 100
3.000%, 08/01/2030		540		599
Sparta Township, Board of Education, GO
5.000%, 02/15/2023		600		648
Sparta Township, Board of Education, GO
Pre-Refunded @ 100
5.000%, 02/15/2025 (C)		575		674
Tobacco Settlement Financing, Ser A, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2032		500		623
Tobacco Settlement Financing, Ser B, RB
3.200%, 06/01/2027		1,135		1,164
Verona Township, Board of Education, GO
5.000%, 03/01/2025		500		582
Washington Township, Ser A, BAN
1.750%, 06/22/2021		1,000		1,001


				97,430

New York — 10.1%
New York & New Jersey, Port Authority, AMT, RB
Callable 10/15/2025 @ 100
5.000%, 10/15/2029		4,000		4,718
New York & New Jersey, Port Authority, AMT, RB
Callable 11/01/2029 @ 100
5.000%, 11/01/2032		2,415		3,108
New York & New Jersey, Port Authority, Ser 178, AMT, RB
Callable 12/01/2023 @ 100
5.000%, 12/01/2025		2,000		2,224



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York & New Jersey, Port Authority, Ser 179, RB
5.000%, 12/01/2023	$	1,000	$	1,118
New York & New Jersey, Port Authority, Ser 180, AMT, RB
5.000%, 09/01/2023		1,000		1,105


				12,273

Pennsylvania — 2.8%
Delaware River, Joint Toll Bridge Commission, Ser A, RB
5.000%, 07/01/2027		1,450		1,817
Delaware River, Port Authority, Ser A, RB
5.000%, 01/01/2029		1,225		1,591


				3,408


Total Municipal Bonds (Cost $109,456) ($ Thousands)				115,513


	Shares
CASH EQUIVALENT — 3.5%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		4,206,588		4,207


Total Cash Equivalent (Cost $4,207) ($ Thousands)				4,207


Total Investments in Securities — 98.7% (Cost $113,663) ($ Thousands)			$	119,720

Percentages are based on Net Assets of $121,307 ($ Thousands).

**	Rate shown is the 7-day effective yield as of May 31, 2021.

^†	Investment in Affiliated Security.

(A)	Security is escrowed to maturity.

(B)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(C)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

AGM— Assured Guaranty Municipal

AMT — Alternative Minimum Tax

BAM — Build America Mutual

BAN— Bond Anticipation Note

Cl — Class

GO — General Obligation

NATL— National Public Finance Guarantee Corporation

RB — Revenue Bond

Ser — Series

The following is a list of the level of inputs as of May 31, 2021 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1

($)

Level 2

($)

Level 3
($)

Total

($)

Municipal Bonds

–

115,513

–

115,513

Cash Equivalent

4,207

–

4,207

Total Investments in Securities

4,207

115,513

–

119,720

For the period ended May 31, 2021, there were no transfers in or out of Level 3.

The following is a summary of the transactions with affiliates for the period ended May 31, 2021 ($ Thousands)



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 99.0%
New York — 99.0%
Broome County, Local Development, United Health Services Hospitals, RB, AGM
5.000%, 04/01/2030	$	900	$	1,180
Buffalo & Fort Erie, Public Bridge Authority, RB
5.000%, 01/01/2023		650		699
Buffalo, Ser A, GO
5.000%, 04/01/2025		425		498
Build NYC Resource, Ethical Culture Fieldston School Project, RB
5.000%, 06/01/2022		1,000		1,036
Build NYC Resource, Manhattan College Project, RB
5.000%, 08/01/2026		350		420
5.000%, 08/01/2027		275		339
Build NYC Resource, The Chapin School Project, RB
5.000%, 11/01/2026		500		618
Build NYC Resource, United Jewish Appeal Federation, RB
5.000%, 07/01/2022		1,100		1,158
Build NYC Resource, YMCA of Greater New York Project, RB
5.000%, 08/01/2022		200		209
Dutchess County, Local Development, Nuvance Health, Ser B, RB
5.000%, 07/01/2026		1,000		1,207
Erie County, Industrial Development Agency, Buffalo School District Project, RB
5.000%, 05/01/2025		500		589
Essex County, Industrial Development Agency, AMT, RB
2.100%, 03/01/2027 (A)		525		552
Hempstead, Local Development, Hofstra University Project, Ser A, RB
5.000%, 07/01/2026		800		977
Long Island, Power Authority, RB
5.000%, 09/01/2026		1,000		1,228
5.000%, 09/01/2027		1,000		1,262
Long Island, Power Authority, RB
Callable 09/01/2023 @ 100
1.000%, 09/01/2025		1,000		1,011
Long Island, Power Authority, Ser A, RB
5.000%, 09/01/2027		1,000		1,262
Long Island, Power Authority, Ser B, RB
Callable 09/01/2026 @ 100
5.000%, 09/01/2030		1,500		1,820



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Metropolitan New York, Transportation Authority, Ser A, RB
Callable 11/15/2022 @ 100
5.000%, 11/15/2023	$	1,000	$	1,070
Metropolitan New York, Transportation Authority, Ser B, RB
5.000%, 11/15/2028		3,000		3,828
Metropolitan New York, Transportation Authority, Ser B1, RB
Callable 11/15/2023 @ 100
5.000%, 11/15/2024		1,300		1,447
Metropolitan New York, Transportation Authority, Ser C1, RB
5.000%, 11/15/2025		2,000		2,386
Metropolitan New York, Transportation Authority, Ser C1, RB
Callable 11/15/2025 @ 100
5.000%, 11/15/2026		1,000		1,187
Metropolitan New York, Transportation Authority, Ser F, RB
Callable 11/15/2022 @ 100
5.000%, 11/15/2023		1,000		1,069
Monroe County, Industrial Development Authority, Rochester Schools Modernization Project, RB
5.000%, 05/01/2026		1,000		1,206
Monroe County, Industrial Development Authority, University of Rochester Project, RB
5.000%, 07/01/2025		750		889
Monroe County, Industrial Development Authority, University of Rochester Project, Ser A, RB
5.000%, 07/01/2026		1,050		1,283
Nassau County, Interim Finance Authority, RB
5.000%, 11/15/2024		700		812
Nassau County, Interim Finance Authority, Ser A, RB
5.000%, 11/15/2030		2,160		2,940
Nassau County, Interim Finance Authority, Ser A, RB
Callable 05/15/2031 @ 100
4.000%, 11/15/2032		1,000		1,274
Nassau County, Local Economic Assistance, Catholic Health Services of Long Island Project, RB
5.000%, 07/01/2022		895		941
Nassau County, Ser A, GO
5.000%, 01/01/2026		1,000		1,196
Nassau County, Ser C, GO
5.000%, 10/01/2027		1,000		1,253



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York & New Jersey, Port Authority, Ser 178, AMT, RB
Callable 12/01/2023 @ 100
5.000%, 12/01/2024	$	2,000	$	2,227
New York & New Jersey, Port Authority, Ser 180, AMT, RB
5.000%, 09/01/2022		1,500		1,590
New York & New Jersey, Port Authority, Ser 205, RB
Callable 11/15/2027 @ 100
5.000%, 11/15/2028		1,685		2,136
New York City, Housing Development Authority, Ser B2, RB
Callable 07/01/2023 @ 100
5.000%, 07/01/2026		2,500		2,714
New York City, Housing Development Authority, Ser C, RB
Callable 06/21/2021 @ 100
2.350%, 07/01/2022		1,000		1,006
New York City, Industrial Development Agency, Queens Baseball Stadium Project, RB, AGM
5.000%, 01/01/2028		1,000		1,261
New York City, Industrial Development Agency, Yankee Stadium Project, RB, AGM
5.000%, 03/01/2029		1,750		2,235
New York City, Ser 1, GO
Callable 08/01/2027 @ 100
5.000%, 08/01/2028		1,000		1,258
New York City, Ser A2, GO
5.000%, 08/01/2026		2,000		2,451
New York City, Ser C, GO
5.000%, 08/01/2025		4,150		4,927
New York City, Ser C-1, GO
5.000%, 08/01/2027		1,000		1,256
New York City, Ser F-1, GO
Callable 02/01/2029 @ 100
5.000%, 08/01/2029		1,895		2,450
New York City, Sub-Ser I, GO
5.000%, 04/01/2028		1,405		1,788
New York City, Transitional Finance Authority, Building Aid Revenue, Ser S1, RB
Callable 01/15/2025 @ 100
5.000%, 07/15/2026		500		583
New York City, Transitional Finance Authority, Building Aid Revenue, Ser S1, RB
Callable 07/15/2027 @ 100
5.000%, 07/15/2028		1,080		1,354



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York City, Water & Sewer System, RB
5.000%, 06/15/2031	$	2,000	$	2,745
New York City, Water & Sewer System, Ser AA, RB
5.000%, 06/15/2027		1,200		1,511
New York State, Dormitory Authority, Catholic Health System Obligated Group, RB
5.000%, 07/01/2027		570		699
5.000%, 07/01/2028		665		833
New York State, Dormitory Authority, Education Project, Ser B, RB, AMBAC
5.500%, 03/15/2024		1,000		1,143
New York State, Dormitory Authority, Fordham University Project, RB
5.000%, 07/01/2023		500		551
New York State, Dormitory Authority, Icahn School of Medicine at Mount Sanai Project, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2026		1,000		1,176
New York State, Dormitory Authority, Memorial Sloan-Kettering Project, RB
5.000%, 07/01/2024		1,000		1,145
5.000%, 07/01/2027		500		629
New York State, Dormitory Authority, Memorial Sloan-Kettering Project, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2030		1,095		1,441
New York State, Dormitory Authority, Montefiore Obligated Group, RB
5.000%, 08/01/2028		1,500		1,883
New York State, Dormitory Authority, New York University Project, Ser A, RB
5.000%, 07/01/2026		1,720		2,102
New York State, Dormitory Authority, North Shore Long Island Jewish Center Project, RB
5.000%, 05/01/2022		1,000		1,043
New York State, Dormitory Authority, NYU Hospital Center Project, RB
5.000%, 07/01/2023		1,000		1,097
5.000%, 07/01/2024		1,000		1,140
New York State, Dormitory Authority, RB
5.000%, 09/01/2027		750		924
New York State, Dormitory Authority, School Districts Financing Program, RB, AGM
5.000%, 10/01/2026		1,500		1,829
New York State, Dormitory Authority, School Districts Financing Program, Ser A, RB, AGM
5.000%, 10/01/2024		785		898



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York State, Dormitory Authority, Ser 1, RB
5.000%, 01/15/2027	$	1,000	$	1,210
New York State, Dormitory Authority, Ser A, RB
5.000%, 03/15/2025		2,000		2,346
5.000%, 07/01/2025		500		592
5.000%, 07/01/2026		1,100		1,343
5.000%, 03/15/2031		2,000		2,703
New York State, Dormitory Authority, Ser A, RB
Callable 02/15/2024 @ 100
5.000%, 02/15/2025		2,250		2,538
New York State, Dormitory Authority, Ser A, RB
Callable 10/01/2027 @ 100
5.000%, 10/01/2029		2,500		3,146
New York State, Dormitory Authority, Ser A, RB, AGM
Callable 10/01/2029 @ 100
5.000%, 10/01/2030		1,200		1,563
New York State, Dormitory Authority, Ser C, RB
5.000%, 03/15/2026		2,400		2,908
New York State, Dormitory Authority, Ser E, RB
5.000%, 03/15/2026		2,745		3,326
5.000%, 03/15/2026 (B)		5		6
New York State, Dormitory Authority, St. Johns University Project, RB
5.000%, 07/01/2027		1,500		1,866
New York State, Dormitory Authority, St. Johns University Project, Ser A, RB
5.000%, 07/01/2023		455		501
4.000%, 07/01/2030		830		1,023
New York State, Dormitory Authority, State University Dormitory Facilities Project, RB
5.000%, 07/01/2025		1,000		1,163
New York State, Dormitory Authority, State University Dormitory Facilities Project, Ser A, RB
5.000%, 07/01/2025		1,000		1,171
New York State, Dormitory Authority, State University Educational Facilities Project, Ser A, RB
Callable 07/01/2023 @ 100
5.000%, 07/01/2024		1,680		1,842



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York State, Environmental Facilities Authority, New York City Municipal Water Finance Authority Projects, Ser 2017A, RB
5.000%, 06/15/2026	$	500	$	613
New York State, Environmental Facilities Authority, Revolving Funds, RB
Callable 06/15/2023 @ 100
5.000%, 06/15/2024		1,000		1,099
New York State, Environmental Facilities Authority, Revolving Funds, Ser C, RB
Callable 08/15/2027 @ 100
5.000%, 02/15/2028		850		1,078
New York State, Mortgage Agency, Ser 189, AMT, RB
Callable 10/01/2023 @ 100
3.250%, 10/01/2025		2,500		2,617
New York State, Mortgage Agency, Ser 232, AMT, RB
5.000%, 04/01/2029		1,700		2,151
New York State, Thruway Authority, Ser B, RB
5.000%, 01/01/2029		1,100		1,409
New York State, Thruway Authority, Ser L, RB
5.000%, 01/01/2027		1,000		1,232
New York State, Transportation Development, JFK International Airport Project, RB
5.000%, 12/01/2030		1,000		1,323
New York State, Transportation Development, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2030		1,275		1,453
New York State, Transportation Development, Terminal One Group Association Project, AMT, RB
5.000%, 01/01/2022		1,000		1,025
New York State, Urban Development, RB
5.000%, 03/15/2025		500		586
New York State, Urban Development, Ser A, RB
5.000%, 03/15/2025		1,200		1,406
New York State, Urban Development, Ser E, RB
Callable 03/15/2030 @ 100
5.000%, 03/15/2032		1,615		2,119
Onondaga Civic Development, Syracuse University Project, Ser A, RB
5.000%, 12/01/2029		600		795



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Oyster Bay, GO, AGM
4.000%, 03/01/2028	$	825	$	994
Oyster Bay, GO, BAM
4.000%, 11/01/2026		800		940
Sales Tax Asset Receivable, Ser A, RB
5.000%, 10/15/2024		475		550
Sales Tax Asset Receivable, Ser A, RB
Callable 10/15/2024 @ 100
5.000%, 10/15/2026		2,500		2,885
Suffolk County, Ser A, GO, AGM
5.000%, 02/01/2026		1,200		1,439
Suffolk County, Ser D, GO, BAM
5.000%, 10/15/2024		2,000		2,302
Triborough, Bridge & Tunnel Authority, MTA Bridges & Tunnels, Ser 2017C, RB
5.000%, 11/15/2028		2,000		2,592
Triborough, Bridge & Tunnel Authority, Ser A, RB
5.000%, 11/15/2023		1,500		1,675
5.000%, 11/15/2024		2,000		2,319
Triborough, Bridge & Tunnel Authority, Ser A, RB
Callable 05/15/2026 @ 100
5.000%, 11/15/2028		1,125		1,361
Triborough, Bridge & Tunnel Authority, Ser B, RB
5.000%, 11/15/2023		2,000		2,233
Triborough, Bridge & Tunnel Authority, Ser B, RB
Callable 05/15/2027 @ 100
5.000%, 11/15/2027		1,000		1,251
TSASC, Tobacco Settlement Bonds, Ser A, RB
5.000%, 06/01/2025		750		886
Utility Debt Securitization Authority, RB
Callable 06/15/2022 @ 100
5.000%, 06/15/2024		250		263
Utility Debt Securitization Authority, RB
Callable 06/15/2023 @ 100
5.000%, 06/15/2025		2,000		2,196
Westchester County, Local Development, Miriam Osborn Memorial Home Association Project, RB
Callable 07/01/2024 @ 104
5.000%, 07/01/2025		260		303
5.000%, 07/01/2026		300		348
Westchester County, Ser B, GO
Callable 11/15/2025 @ 100
5.000%, 11/15/2026		500		604



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Westchester County, Tobacco Asset Securitization, Ser B, RB
5.000%, 06/01/2024	$	1,800	$	2,054

Total Municipal Bonds (Cost $157,755) ($ Thousands)				166,219

	Shares
CASH EQUIVALENT — 1.0%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		1,711,758		1,712
Total Cash Equivalent (Cost $1,712) ($ Thousands)				1,712

Total Investments in Securities — 100.0% (Cost $159,467) ($ Thousands)			$	167,931

Percentages are based on Net Assets of $168,008 ($ Thousands).

**	The rate reported is the 7-day effective yield as of May 31, 2021.

^†	Investment in Affiliated Security.

(A)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(B)	Security is escrowed to maturity.

AGM— Assured Guaranty Municipal

AMBAC — American Municipal Bond Assurance Corporation

AMT — Alternative Minimum Tax

BAM — Build America Mutual

Cl — Class

GO — General Obligation

RB — Revenue Bond

Ser — Series

The following is a list of the level of inputs used as of May 31, 2021 in valuing the Fund’s investments carried at value ($ Thousands):

Investments in Securities

Level 1
($)

Level 2

($)

Level 3

($)

Total

($)

Municipal Bonds

–

166,219

–

166,219

Cash Equivalent

1,712

–

1,712

Total Investments in Securities

1,712

166,219

–

167,931

For the period ended May 31, 2021, there were no transfers in or out of Level 3.

The following is a summary of the transactions with affiliates for the period ended May 31, 2021 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 98.3%

Pennsylvania — 98.3%
Allegheny County, Higher Education Building Authority, Carnegie Mellon University, RB
5.000%, 08/01/2027	$	1,500	$	1,885
5.000%, 02/01/2030		500		661
Allegheny County, Higher Education Building Authority, Duquesne University, RB
5.000%, 03/01/2026		550		657
Allegheny County, Hospital Development Authority, Allegheny Health Network, RB
5.000%, 04/01/2028		2,500		3,174
Allegheny County, Hospital Development Authority, UPMC Health Center Project, Ser B, RB
6.000%, 07/01/2023		1,000		1,120
Allegheny County, Hospital Development Authority, UPMC, RB
5.000%, 07/15/2029		2,000		2,613
Allegheny County, Port Authority, RB
5.000%, 03/01/2029		1,000		1,274
Allegheny County, Ser C-75, GO
5.000%, 11/01/2024		1,000		1,155
Allentown, City School District, Ser B, GO, BAM
5.000%, 02/01/2029		1,750		2,238
Berks County, Industrial Development Authority, Health Care Facilities, The Highlands At Wyomissing, RB
Callable 05/15/2025 @ 102
5.000%, 05/15/2033		525		595
Bethel Park, School District, GO
Callable 08/01/2026 @ 100
5.000%, 08/01/2027		1,000		1,228
Chester County, GO
5.000%, 07/15/2028		315		408
Chester County, GO
Callable 01/15/2029 @ 100
4.000%, 07/15/2029		300		371
4.000%, 07/15/2030		250		306
Chester County, Health & Education Facilities Authority, Main Line Health Systems, Ser A, RB
5.000%, 09/01/2028		175		224
5.000%, 09/01/2029		375		494
Chester County, School Authority, Chester County Intermediate Unit Project, RB
Callable 03/01/2026 @ 100
5.000%, 03/01/2028		1,000		1,195
Chester County, Ser A, GO
5.000%, 07/15/2026		2,320		2,847



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Cumberland County, Municipal Authority, Penn State Health, RB
5.000%, 11/01/2029	$	780	$	1,026
Dallastown Area, School District, GO
Callable 04/15/2025 @ 100
5.000%, 04/15/2026		1,000		1,178
Daniel Boone, Area School District, GO
Callable 04/01/2025 @ 100
5.000%, 04/01/2026		780		915
Daniel Boone, Area School District, GO
Pre-Refunded @ 100
5.000%, 04/01/2025 (A)		220		258
Dauphin County, General Authority, Pinnacle Health System Project, RB
5.000%, 06/01/2024		600		684
Delaware County, Cabrini University Project, RB
5.000%, 07/01/2027		500		600
Delaware County, Cabrini University Project, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2028		500		596
Delaware County, Regional Water Quality Control Authority, RB
5.000%, 11/01/2025		625		744
5.000%, 11/01/2026		425		522
Delaware River, Joint Toll Bridge Commission, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2029		1,015		1,263
Delaware River, Joint Toll Bridge Commission, Ser B, RB
5.000%, 07/01/2027		1,300		1,629
Delaware River, Port Authority, Ser A, RB
5.000%, 01/01/2028		1,000		1,270
Delaware Valley, Regional Finance Authority, Ser B, RB
Callable 09/01/2021 @ 100
0.450%, 09/01/2048 (B)		2,000		1,997
East Hempfield Township, Industrial Development Authority, Willow Valley Communities Project, RB
5.000%, 12/01/2025		645		763
Fairview, School District, GO, BAM
5.000%, 09/15/2029		500		654
Geisinger, Health System Authority, RB
Callable 08/15/2026 @ 100
5.000%, 04/01/2043 (B)		1,000		1,223
Gettysburg Area, School District, GO
5.000%, 01/15/2025		1,000		1,156
Lackawanna County, GO, BAM
5.000%, 09/01/2024		1,000		1,144



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Lancaster County, Hospital Authority, Masonic Villages of Grand Lodge Project, RB
5.000%, 11/01/2023	$	800	$	883
Lancaster County, Hospital Authority, Masonic Villages of Grand Lodge Project, RB
Callable 11/01/2027 @ 100
5.000%, 11/01/2028		1,360		1,657
Lancaster County, Hospital Authority, University of Pennsylvania Health System Project, Ser B, RB
5.000%, 08/15/2026		500		612
Lancaster, Higher Education Authority, Harrisburg Area Community College Project, RB, BAM
Callable 10/01/2028 @ 100
4.000%, 10/01/2030		400		473
Lehigh County, Lehigh Valley Health, Ser A, RB
5.000%, 07/01/2024		1,300		1,487
Luzerne County, Industrial Development Authority, America Water Project, AMT, RB
Callable 12/03/2029 @ 100
2.450%, 12/01/2039 (B)		1,700		1,844
Lycoming County, College Revenue Authority, Pennsylvania College of Technology Project, RB, BAM
5.000%, 07/01/2030		900		1,174
Mifflin County, School District, Ser A, GO, BAM
Callable 03/01/2025 @ 100
5.000%, 09/01/2025		1,885		2,196
5.000%, 09/01/2026		690		805
5.000%, 09/01/2027		660		767
Monroe County, Hospital Authority, Pocono Medical Center, RB
5.000%, 07/01/2023		1,025		1,123
Monroeville, Finance Authority, RB
Callable 08/15/2022 @ 100
5.000%, 02/15/2023		1,000		1,058
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University Project, RB
5.000%, 09/01/2025		500		589
5.000%, 09/01/2028		1,500		1,905
Montgomery County, Industrial Development Authority, Retirement Communities Revenue, RB
Callable 11/15/2026 @ 100
5.000%, 11/15/2036		750		879



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Montgomery County, Ser C, GO
Callable 09/01/2029 @ 100
5.000%, 09/01/2030	$	500	$	664
Moon Area, School District, Ser A, GO
Callable 11/15/2024 @ 100
5.000%, 11/15/2025		1,000		1,156
Mount Lebanon, Hospital Authority, St. Clair Memorial Hospital Project, RB
5.000%, 07/01/2027		400		502
Mount Lebanon, Hospital Authority, St. Clair Memorial Hospital Project, RB
Callable 07/01/2028 @ 100
5.000%, 07/01/2029		350		444
Octorara Area, School District, GO, AGM
Callable 10/01/2028 @ 100
4.000%, 04/01/2029		900		1,092
Pennsylvania State University, Ser A, RB
5.000%, 09/01/2026		500		614
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2028		2,500		3,157
Pennsylvania State, Economic Development Financing Authority, Ser A, RB
5.000%, 10/15/2029		750		985
5.000%, 10/15/2030		925		1,238
Pennsylvania State, Economic Development Financing Authority, Solid Waste Disposal Management Project, AMT, RB
2.150%, 07/01/2041 (B)		1,000		1,054
Pennsylvania State, Economic Development Financing Authority, Solid Waste Disposal Management Project, Ser A, RB
2.150%, 11/01/2021		1,000		1,008
Pennsylvania State, Economic Development Financing Authority, UPMC, RB
5.000%, 03/15/2026		1,000		1,205
Pennsylvania State, Economic Development Financing Authority, UPMC, Ser A, RB
Callable 08/01/2024 @ 100
5.000%, 02/01/2025		1,000		1,144
Pennsylvania State, GO
5.000%, 09/15/2024		2,000		2,303
5.000%, 08/15/2025		1,995		2,370
5.000%, 01/01/2026		5,000		6,005
5.000%, 05/01/2030		1,000		1,334
Pennsylvania State, Higher Educational Facilities Authority, Drexel University, RB
5.000%, 05/01/2027		1,150		1,422
Pennsylvania State, Higher Educational Facilities Authority, Ser A, RB, AGM
5.000%, 06/15/2027		750		935



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Pennsylvania State, Higher Educational Facilities Authority, State System of Higher Education, RB
5.000%, 06/15/2026	$	1,000	$	1,215
Pennsylvania State, Higher Educational Facilities Authority, State System of Higher Education, RB
Callable 06/15/2027 @ 100
5.000%, 06/15/2028		1,500		1,859
Pennsylvania State, Higher Educational Facilities Authority, State System of Higher Education, Ser A, RB
5.000%, 06/15/2026		1,500		1,823
Pennsylvania State, Higher Educational Facilities Authority, Trustees of the University of Pennsylvania, RB
5.000%, 08/15/2026		800		983
Pennsylvania State, Higher Educational Facilities Authority, Trustees of the University of Pennsylvania, Ser A, RB
5.000%, 02/15/2027		860		1,070
Pennsylvania State, Higher Educational Facilities Authority, University of Pennsylvania Health System, RB
5.000%, 08/15/2027		1,000		1,259
Pennsylvania State, Higher Educational Facilities Authority, University of the Sciences Project, RB
5.000%, 11/01/2022		660		701
Pennsylvania State, Housing Finance Agency, Ser 114A, AMT, RB
Callable 10/01/2021 @ 100
3.350%, 10/01/2026		1,725		1,740
Pennsylvania State, Housing Finance Agency, Ser 133, RB
5.000%, 10/01/2029		500		639
Pennsylvania State, Infrastructure Investment Authority, Federal Clean Water and Drinking Water SRF Loan Pool Program, Ser A, RB
5.000%, 01/15/2028		3,000		3,823
Pennsylvania State, Infrastructure Investment Authority, Ser A, RB
Callable 05/15/2025 @ 100
5.000%, 05/15/2026		3,000		3,545
Pennsylvania State, Public School Building Authority, City of Harrisburg, Ser S, RB, AGM
Callable 12/01/2026 @ 100
5.000%, 12/01/2027		1,000		1,236



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Pennsylvania State, Public School Building Authority, Lehigh Career & Technical Institute Project, RB, BAM
Callable 10/01/2025 @ 100
5.000%, 10/01/2027	$	1,635	$	1,942
Pennsylvania State, Ser A, COP
5.000%, 07/01/2027		500		615
Pennsylvania State, Ser A, COP
Callable 01/30/2028 @ 100
5.000%, 07/01/2028		400		502
Pennsylvania State, Turnpike Commission, RB
5.000%, 12/01/2023		500		559
Pennsylvania State, Turnpike Commission, Ser A, RB
5.000%, 12/01/2029		700		923
5.000%, 12/01/2030		525		705
Pennsylvania State, Turnpike Commission, Ser A, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2027		325		402
Pennsylvania State, Turnpike Commission, Ser A, RB
Callable 06/01/2031 @ 100
5.000%, 12/01/2031		1,000		1,344
Pennsylvania State, Turnpike Commission, Ser B, RB
5.000%, 12/01/2025		600		722
Pennsylvania State, Turnpike Commission, Sub-Ser, RB
Callable 12/01/2027 @ 100
5.000%, 12/01/2028		500		631
Perkiomen Valley, School District, GO
Callable 03/01/2024 @ 100
5.000%, 03/01/2025		1,250		1,413
Philadelphia, Airport Revenue Authority, Ser A, AMT, RB
Callable 06/15/2025 @ 100
5.000%, 06/15/2026		1,000		1,170
Philadelphia, Airport Revenue Authority, Ser B, AMT, RB
5.000%, 07/01/2027		2,500		3,105
Philadelphia, Authority for Industrial Development, RB
5.000%, 10/01/2029		1,000		1,262
Philadelphia, Gas Works Revenue Authority, RB
5.000%, 10/01/2025		1,290		1,519
5.000%, 08/01/2027		1,705		2,098



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Philadelphia, Gas Works Revenue Authority, RB
Callable 08/01/2025 @ 100
5.000%, 08/01/2026	$	2,200	$	2,598
Philadelphia, Gas Works Revenue Authority, RB
Callable 10/01/2026 @ 100
5.000%, 10/01/2029		2,000		2,424
Philadelphia, Gas Works Revenue Authority, Ser A, RB, AGM
Callable 08/01/2030 @ 100
5.000%, 08/01/2031		1,000		1,318
Philadelphia, GO, AGM
5.000%, 08/01/2027		750		941
Philadelphia, Industrial Development Authority, National Board of Medical Examiners Project, RB
5.000%, 05/01/2023		500		544
Philadelphia, Industrial Development Authority, National Board of Medical Examiners Project, RB
Callable 05/01/2026 @ 100
5.000%, 05/01/2028		1,005		1,216
Philadelphia, Industrial Development Authority, Temple University Project, Ser 2015, RB
5.000%, 04/01/2025		1,000		1,166
Philadelphia, Industrial Development Authority, The Children’s Hospital of Philadelphia Project, RB
5.000%, 07/01/2027		400		501
Philadelphia, School District, Ser A, GO
5.000%, 09/01/2027		2,850		3,525
Philadelphia, School District, Ser F, GO
5.000%, 09/01/2023		1,000		1,098
Philadelphia, Ser A, GO
5.000%, 08/01/2026		1,000		1,219
5.000%, 08/01/2027		1,000		1,251
Philadelphia, Water & Wastewater Revenue Authority, RB
Callable 10/01/2030 @ 100
5.000%, 10/01/2032		1,250		1,681
Philadelphia, Water & Wastewater Revenue Authority, Ser A, RB
5.000%, 11/01/2027		725		923
Philadelphia, Water & Wastewater Revenue Authority, Ser B, RB
5.000%, 11/01/2026		475		587
5.000%, 11/01/2027		1,800		2,292
Pittsburgh & Allegheny County, Sports & Exhibition Parking Authority, RB, BAM
5.000%, 12/15/2027		1,000		1,263



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Pittsburgh, GO
5.000%, 09/01/2027	$	415	$	518
Pittsburgh, Public Parking Authority, Ser A, RB
Callable 06/01/2025 @ 100
5.000%, 12/01/2025		645		744
Pittsburgh, Public Parking Authority, Ser A, RB
Pre-Refunded @ 100
5.000%, 06/01/2025 (A)		415		489
Pittsburgh, School District, GO, AGM
Callable 03/01/2025 @ 100
5.000%, 09/01/2025		1,000		1,173
Pittsburgh, Water & Sewer Authority, Ser A, RB, AGM
5.000%, 09/01/2026		2,000		2,442
5.000%, 09/01/2029		750		983
Pittsburgh, Water & Sewer Authority, Ser B, RB, AGM
5.000%, 09/01/2029		450		590
Quaker Valley, School District, GO
Callable 04/01/2030 @ 100
5.000%, 10/01/2030		250		333
5.000%, 10/01/2031		325		432
Rose Tree Media, School District, Ser B, GO
Callable 08/01/2021 @ 100
5.000%, 02/01/2025		1,500		1,512
Seneca Valley, School District, Ser C, GO
Callable 03/01/2025 @ 100
5.000%, 03/01/2027		1,000		1,170
Souderton Area, School District, GO
5.000%, 11/01/2024		1,000		1,152
Southcentral Pennsylvania, General Revenue Authority, Wellspan Health Obligated, RB
5.000%, 06/01/2024		535		611
5.000%, 06/01/2025		500		591
Southeastern Pennsylvania, Transportation Authority, RB
5.000%, 03/01/2026		1,620		1,947
5.000%, 03/01/2027		1,000		1,237
Southeastern Pennsylvania, Transportation Authority, RB
Callable 09/01/2027 @ 100
5.000%, 03/01/2028		725		915
State College Area, School District, GO
5.000%, 05/15/2028		280		361
State College Area, School District, GO
Callable 05/15/2028 @ 100
5.000%, 05/15/2029		375		481



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Swarthmore, Borough Authority, Swarthmore College Project, RB
Callable 09/15/2025 @ 100
5.000%, 09/15/2026	$	1,255	$	1,498
Unionville-Chadds Ford, School District, GO
5.000%, 06/01/2026		1,000		1,220
University of Pittsburgh, Commonwealth System of Higher Education, RB
Callable 02/15/2026 @ 100
4.000%, 04/15/2026		1,225		1,420
Westmoreland County, Municipal Authority, RB, BAM
5.000%, 08/15/2024		1,000		1,135
5.000%, 08/15/2026		610		731
Westmoreland County, Municipal Authority, RB, BAM
Callable 08/15/2025 @ 100
5.000%, 08/15/2026		1,000		1,188
Wilkes-Barre, Finance Authority, University of Scranton Project, Ser A, RB
5.000%, 11/01/2025		1,000		1,184


Total Municipal Bonds (Cost $164,402) ($ Thousands)				175,560


	Shares
CASH EQUIVALENT — 1.1%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**^†		1,882,015		1,882


Total Cash Equivalent (Cost $1,882) ($ Thousands)				1,882


Total Investments in Securities — 99.4% (Cost $166,284) ($ Thousands)			$	177,442

Percentages are based on Net Assets of $178,592 ($ Thousands).

^†	Investment in Affiliated Security.

**	Rate shown is the 7-day effective yield as of May 31, 2021.

(A)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

(B)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

AGM — Assured Guaranty Municipal

AMT — Alternative Minimum Tax

BAM — Build America Mutual

Cl — Class

COP— Certificate of Participation

GO — General Obligation

RB — Revenue Bond

Ser — Series

The following is a list of the level of inputs used as of May 31, 2021 , in valuing the Fund’s investments carried at value ($ Thousands):

Investments in
Securities

Level 1
($)

Level 2

($)

Level 3
($)

Total

($)

Municipal Bonds

–

175,560

–

175,560

Cash Equivalent

1,882

–

1,882

Total Investments in Securities

1,882

175,560

–

177,442

For the period ended May 31, 2021, there were no transfers in or out of Level 3.

The following is a summary of the transactions with affiliates for the period ended May 31, 2021 ($ Thousands):



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS — 71.0%
Alabama — 1.6%
Alabama State, Special Care Facilities Financing Authority, Methodist Home for the Aging Project, Ser S, RB
Callable 06/01/2026 @ 100
5.750%, 06/01/2045	$	800	$	838
Central Etowah County, Solid Waste Disposal Authority, AMT, RB
Callable 07/01/2025 @ 103
6.000%, 07/01/2045 (A)		795		818
Jefferson County, Sewer Revenue Authority, Ser D, RB
Callable 10/01/2023 @ 105
6.500%, 10/01/2053		12,000		14,115
Lower Alabama, Gas District, Ser A, RB
5.000%, 09/01/2046		1,500		2,280
Southeast Alabama, Gas Supply District, Ser A, RB
Callable 03/01/2024 @ 100
4.000%, 06/01/2049 (B)		1,565		1,720
Tuscaloosa County, Industrial Development Authority, Hunt Refining Project, Ser A, RB
Callable 05/01/2029 @ 100
4.500%, 05/01/2032 (A)		929		987


				20,758

Alaska — 0.0%
Alaska State, Industrial Development & Export Authority, Boys & Girls Home Project, RB
6.000%, 12/01/2036 (C)		200		8


Arizona — 1.5%
Arizona State, Health Facilities Authority, Phoenix Children’s Hospital Project, Ser A, RB
Callable 02/01/2022 @ 100
5.000%, 02/01/2042		2,500		2,578
Arizona State, Industrial Development Authority, Basis Schools Projects, Ser A, RB
Callable 07/01/2026 @ 100
5.375%, 07/01/2050 (A)		1,090		1,230
Arizona State, Industrial Development Authority, Great Lakes Senior Living Community, RB
Callable 07/01/2029 @ 100
4.500%, 01/01/2040		965		898
4.500%, 01/01/2049		1,000		943



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Arizona State, Industrial Development Authority, Legacy Cares Project, RB
Callable 07/01/2027 @ 103
7.750%, 07/01/2050 (A)	$	3,000	$	3,350
Arizona State, Industrial Development Authority, Master Academy Mountain Vista Campus Project, RB
Callable 12/15/2026 @ 100
5.250%, 12/15/2038 (A)		1,510		1,728
La Paz County, Industrial Development Authority, Charter School Solutions- Harmony Project, RB
5.000%, 02/15/2028		400		459
Maricopa County, Industrial Development Authority, Honor Health Project, Ser A, RB
Callable 09/01/2028 @ 100
4.125%, 09/01/2042		2,500		2,912
Pima County, Industrial Development Authority, American Leadership Academy Project, RB
Callable 06/15/2022 @ 100
5.000%, 06/15/2052 (A)		3,565		3,628
Pima County, Industrial Development Authority, Paideia Academics Project, RB
Callable 07/01/2025 @ 100
5.250%, 07/01/2049		1,050		1,107
Pima County, Industrial Development Authority, Tucson Country Day School Project, RB
Callable 07/06/2021 @ 100
5.000%, 06/01/2037		265		265
Tempe, Industrial Development Authority, Mirabella at ASU Project, Ser B, RB
Callable 07/06/2021 @ 100
4.000%, 10/01/2023 (A)		420		420


				19,518

Arkansas — 0.4%
Arkansas State, Development Finance Authority, Big River Steel Project, AMT, RB
Callable 09/01/2026 @ 103
4.500%, 09/01/2049 (A)		4,250		4,690


California — 6.3%
Bay Area, Toll Authority, Ser S4, RB
Pre-Refunded @ 100
5.250%, 04/01/2023 (D)		5,000		5,472
California State, Community Housing Agency, Annadel Apartments, Ser A, RB
Callable 04/01/2029 @ 100
5.000%, 04/01/2049 (A)		1,000		1,141



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Community Housing Agency, Serenity at Larkspur, Ser A, RB
Callable 02/01/2030 @ 100
5.000%, 02/01/2050 (A)	$	1,000	$	1,154
California State, Community Housing Agency, The Arbors, Ser A, RB
Callable 08/01/2030 @ 100
5.000%, 08/01/2050 (A)		1,000		1,162
California State, Community Housing Agency, Verdant at Green Valley Project, Ser S, RB
Callable 08/01/2029 @ 100
5.000%, 08/01/2049 (A)		2,500		2,875
California State, Educational Facilities Authority, Loma Linda University, Ser A, RB
Callable 04/01/2027 @ 100
5.000%, 04/01/2042		5,200		6,175
California State, Educational Facilities Authority, Stanford University, RB
5.000%, 04/01/2051		1,000		1,603
California State, Infrastructure & Economic Development Bank, Wonderful Foundations, RB
6.479%, 01/01/2035 (E)		935		463
California State, Municipal Finance Authority, California Baptist University Project, Ser A, RB
Callable 11/01/2026 @ 100
5.000%, 11/01/2046 (A)		1,000		1,135
California State, Municipal Finance Authority, Community Medical Centers Project, Ser A, RB
Callable 02/01/2027 @ 100
5.000%, 02/01/2047		1,950		2,333
California State, Municipal Finance Authority, United Airlines Project, AMT, RB
4.000%, 07/15/2029		2,750		3,185
California State, Pollution Control Financing Authority, Calplant I Project, Sub-Ser, AMT, RB
7.500%, 12/01/2039 (A)(C)		3,500		1,067
California State, Pollution Control Financing Authority, San Jose Water Project, AMT, RB
Callable 11/01/2026 @ 100
4.750%, 11/01/2046		1,500		1,715



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
California State, Pollution Control Financing Authority, Waste Management Project, Ser A3, AMT, RB
Callable 07/01/2025 @ 100
4.300%, 07/01/2040	$	1,500	$	1,717
California State, Public Finance Authority, Enso Village Project, RB
Callable 11/15/2029 @ 102
5.000%, 11/15/2046 (A)		500		558
California State, School Finance Authority, Downtown Prep-Obligated Group, RB
Callable 06/01/2026 @ 100
5.000%, 06/01/2046 (A)		1,000		1,090
5.000%, 06/01/2051 (A)		1,000		1,088
California State, Statewide Communities Development Authority, California Baptist University Project, RB
6.500%, 11/01/2021 (F)		100		103
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, RB
Callable 06/01/2028 @ 100
5.500%, 12/01/2058 (A)		2,150		2,553
California State, Statewide Communities Development Authority, Loma Linda University Medical Center Project, Ser A, RB
Callable 06/01/2026 @ 100
5.000%, 12/01/2041 (A)		2,500		2,824
California State, Statewide Financing Authority, Tobacco Settlement, Ser B, RB
Callable 07/06/2021 @ 100
6.000%, 05/01/2037		7,500		7,530
Chino, Public Financing Authority, SAB
Pre-Refunded @ 100
5.000%, 09/01/2022 (D)		3,180		3,368
Fremont, Community Facilities District No. 1, Pacific Commons Project, SAB
Callable 09/01/2025 @ 100
5.000%, 09/01/2040		2,000		2,249
Long Beach, Towne Center Project, SAB
Callable 10/01/2021 @ 100
5.400%, 10/01/2023		650		661
Morongo, Band of Mission Indians, Ser B, RB
Callable 10/01/2028 @ 100
5.000%, 10/01/2042 (A)		1,000		1,164
M-S-R, Energy Authority, Ser C, RB
6.500%, 11/01/2039		5,885		9,690



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Poway, School Facilities Improvement Authority, Unified School District Capital Appreciation Project, GO
12.789%, 08/01/2038 (E)	$	5,410	$	3,767
Roseville, West Park Community Facilities Authority, SAB
Callable 09/01/2025 @ 100
5.000%, 09/01/2030		1,000		1,149
5.000%, 09/01/2031		1,000		1,147
5.000%, 09/01/2032		1,000		1,145
San Clemente, Special Tax Community, GO
Callable 09/01/2025 @ 100
5.000%, 09/01/2046		1,090		1,225
San Francisco City & County, Successor Redevelopment Agency, Mission Bays Public Improvement Project, SAB
Callable 08/01/2022 @ 100
5.000%, 08/01/2030		1,000		1,045
Southern California, Tobacco Securitization Authority, RB
Callable 12/01/2029 @ 26
6.051%, 06/01/2054 (E)		5,700		1,106
Southern California, Tobacco Securitization Authority, Sub-Ser, RB
Callable 06/21/2021 @ 22
7.496%, 06/01/2046 (E)		12,000		2,578
Stockton, Public Financing Authority, Delta Water Supply Project, Ser A, RB
Pre-Refunded @ 100
6.250%, 10/01/2023 (D)		2,500		2,855
Tustin, Community Facilities District, GO
Callable 09/01/2025 @ 100
5.000%, 09/01/2040		750		852
University of California, Ser Q, RB
Callable 05/15/2031 @ 100
4.000%, 05/15/2051		2,000		2,394
Windsor, Unified School District, Election 2008, Ser D, GO
13.340%, 08/01/2035 (E)		1,800		1,327


				84,665

Colorado — 1.7%
Aviation Station North, Metropolitan District No. 2, Ser A, GO
Callable 09/01/2024 @ 103
5.000%, 12/01/2039		500		542
5.000%, 12/01/2048		500		539
Brighton Crossing, Metropolitan District No. 4, Ser A, GO
Callable 12/01/2022 @ 103
5.000%, 12/01/2037		525		557



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Broadway Station, Metropolitan District No. 3, GO
Callable 06/01/2024 @ 103
5.000%, 12/01/2049	$	500	$	550
Colorado State, Catholic Health Initiatives, RB
5.250%, 01/01/2045		1,250		1,349
Colorado State, Educational & Cultural Facilities Authority, Eagle Ridge Academy Project, RB
Callable 11/01/2021 @ 100
3.625%, 11/01/2026 (A)		685		690
Colorado State, Health Facilities Authority, Advent Health Obligation, RB
Callable 11/15/2029 @ 100
4.000%, 11/15/2043		1,000		1,173
Colorado State, Health Facilities Authority, Common Spirit Health, Ser A, RB
Callable 08/01/2029 @ 100
4.000%, 08/01/2049		5,000		5,661
Colorado State, Health Facilities Authority, Frasier Meadows Retirement Community, RB
5.000%, 05/15/2022 (F)		500		522
Colorado State, Public Energy Authority, RB
6.250%, 11/15/2028		650		820
Denver, International Business Center Metropolitan District No. 1, Sub-Ser B, GO
Callable 06/01/2024 @ 103
6.000%, 12/01/2048		1,145		1,246
Dominion, Water & Sanitation District, RB
Callable 12/01/2021 @ 102
6.000%, 12/01/2046		1,450		1,509
Great Western, Metropolitan District, GO
Callable 12/01/2025 @ 102
4.750%, 12/01/2050		1,000		1,090
Prairie Center, Metropolitan District No. 3, Ser A, RB
Callable 12/15/2026 @ 100
5.000%, 12/15/2041 (A)		875		956
Serenity Ridge, Metropolitan District No. 2, Ser A, GO
Callable 12/01/2023 @ 103
5.125%, 12/01/2037		550		593
Solaris, Metropolitan District No. 3, Ser A, GO
Callable 12/01/2021 @ 103
5.000%, 12/01/2046		1,880		1,964



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Sterling Ranch, Community Authority Board, Sub-Ser B, RB
Callable 12/15/2022 @ 102
7.500%, 12/15/2047	$	1,090	$	1,143
Village at Dry Creek, Metropolitan District No. 2, GO
Callable 09/01/2024 @ 103
4.375%, 12/01/2044		935		991
Whispering Pines, Metropolitan District No. 1, Ser A, GO
Callable 12/01/2022 @ 103
5.000%, 12/01/2047		500		527


				22,422

Connecticut — 1.3%
Connecticut State, Health & Educational Facility Authority, Church Home of Hartford Project, RB
Callable 09/01/2026 @ 100
5.000%, 09/01/2046 (A)		1,000		1,110
5.000%, 09/01/2053 (A)		1,500		1,659
Connecticut State, Special Tax Revenue, Ser A, RB
Callable 09/01/2026 @ 100
4.000%, 09/01/2036		5,000		5,698
Connecticut State, Special Tax Revenue, Special Tax
Callable 05/01/2030 @ 100
5.000%, 05/01/2038		5,500		7,126
New Haven, Ser A, GO
5.000%, 08/01/2026		580		689
5.000%, 08/01/2027		1,000		1,214


				17,496

Delaware — 0.2%
Delaware State, Economic Development Authority, Newark Charter School Project, RB
Callable 03/01/2022 @ 100
5.000%, 09/01/2042		425		436
4.625%, 09/01/2032		1,635		1,674


				2,110

Florida — 2.6%
Alachua County, Health Facilities Authority, Oak Hammock University Project, Ser A, RB
Callable 10/01/2022 @ 102
8.000%, 10/01/2032		500		544
8.000%, 10/01/2042		1,000		1,082



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Atlantic Beach, Health Care, Fleet Landing Project, Ser B, RB
Callable 11/15/2023 @ 100
5.625%, 11/15/2043	$	1,325	$	1,422
Broward County, Airport System Revenue, Ser Q1, RB
Pre-Refunded @ 100
5.000%, 10/01/2022 (D)		2,000		2,130
Capital Trust Agency, First Mortgage Revenue, Tapestry Walden Project, RB
6.750%, 07/01/2037 (A)(C)		1,585		483
Capital Trust Agency, H-Bay Ministries, RB
Callable 07/01/2023 @ 103
5.000%, 07/01/2053		750		305
Capital Trust Agency, Renaissance Charter School Project, RB
Callable 06/15/2026 @ 100
5.000%, 06/15/2049 (A)		1,000		1,087
Capital Trust Agency, Wonderful Foundations Charter, RB
Callable 07/01/2030 @ 100
5.000%, 01/01/2055 (A)		3,500		3,948
Florida State, Development Finance, Brightline Passenger Rail Project, AMT, RB
Callable 01/01/2024 @ 107
7.375%, 01/01/2049 (A)		2,500		2,709
Florida State, Development Finance, Surface Transportation Facility, Virgin Trains USA Passenger Rail Project, AMT, RB
Callable 07/06/2021 @ 103
6.250%, 01/01/2049 (A)(B)		320		325
Florida State, Development Finance, Surface Transportation Facility, Virgin Trains USA Passenger Rail Project, AMT, RB
Callable 07/06/2021 @ 104
6.500%, 01/01/2049 (A)(B)		2,105		2,137
Florida State, Developmental Finance Authority, Renaissance Charter School Project, Ser A, RB
6.500%, 06/15/2021 (F)		100		100
Florida State, Higher Educational Facilities Financial Authority, Jacksonville University, RB
Callable 06/01/2028 @ 100
4.500%, 06/01/2033 (A)		500		592
Florida State, Village Community Development District No. 10, SAB
Callable 05/01/2023 @ 100
6.000%, 05/01/2044		1,865		2,026



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Florida State, Village Community Development District No. 12, SAB
3.250%, 05/01/2023 (A)	$	650	$	669
Highlands County, Health Facilities Authority, Senior Living Revenue, Trousdale Foundation Properties, RB
Callable 04/01/2028 @ 100
6.000%, 04/01/2038		400		192
Miami-Dade County, Special Obligation, Sub-Ser, RB
Callable 10/01/2026 @ 82
4.477%, 10/01/2032 (E)		2,900		2,174
Miami-Dade County, Transit System, RB
Callable 07/01/2028 @ 100
4.000%, 07/01/2045		3,000		3,443
Midtown Miami, Community Development District, Parking Garage Project, Ser A, SAB
Callable 05/01/2023 @ 100
5.000%, 05/01/2029		990		1,037
Palm Beach County, Health Facilities Authority, Sinai Residences Project, RB
Callable 06/01/2022 @ 102
7.500%, 06/01/2049		1,000		1,070
Polk County, Industrial Development Authority, Mineral Development Project, AMT, RB
5.875%, 01/01/2033 (A)		3,620		3,860
Sarasota County, Health Facilities Authority, Sunnyside Village Project, RB
Callable 05/15/2025 @ 103
5.000%, 05/15/2033		630		721
4.000%, 05/15/2028		1,205		1,354
Seminole County, Industrial Development Authority, Legacy Pointe at UCF Project, RB
Callable 11/15/2026 @ 103
5.750%, 11/15/2054		685		716
Trout Creek, Community Development District, SAB
5.000%, 05/01/2028		355		387
4.500%, 05/01/2023		145		149


				34,662

Georgia — 2.1%
Atlanta, Department of Aviation, Airport & Marina Revenue, Ser B, RB
Callable 01/01/2022 @ 100
5.000%, 01/01/2042		3,000		3,080



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Gainesville & Hall County, Development Authority, Riverside Military Academy Project, RB
Callable 03/01/2027 @ 100
5.000%, 03/01/2047	$	1,500	$	1,481
Georgia State, Municipal Electric Authority, Plant Voltage Units 3 & 4 Project, RB
Callable 07/01/2025 @ 100
5.000%, 07/01/2060		5,000		5,680
Georgia State, Municipal Electric Authority, Plant Voltage Units 3 & 4 Project, RB
Callable 07/01/2028 @ 100
5.000%, 01/01/2059		500		600
5.000%, 01/01/2063		1,700		2,039
4.000%, 01/01/2049		1,000		1,133
Houston County, Healthcare System, Houston Hospital, RB
Callable 04/01/2024 @ 100
5.000%, 10/01/2031 (B)		11,600		12,561
Main Street Natural Gas, Ser A, RB
5.000%, 05/15/2049		1,000		1,506


				28,080

Idaho — 0.0%
Idaho State, Housing & Finance Association, Compass Charter School Project, Ser A, RB
Callable 07/01/2028 @ 100
4.625%, 07/01/2029 (A)		365		411


Illinois — 7.7%
Belleville, Frank Scott Parkway Redevelopment Project, Ser A, TA
Callable 07/06/2021 @ 100
5.700%, 05/01/2036		250		250
Chicago, Board of Education, GO
4.741%, 12/01/2023 (E)		545		532
Chicago, Board of Education, Ser A, GO
Callable 12/01/2028 @ 100
5.000%, 12/01/2033		2,750		3,388
5.000%, 12/01/2034		1,400		1,719
5.000%, 12/01/2035		1,500		1,839
Chicago, Board of Education, Ser C, GO
5.000%, 12/01/2026		1,000		1,202
5.000%, 12/01/2027		500		613
Chicago, Board of Education, Ser C, GO
Callable 12/01/2024 @ 100
5.250%, 12/01/2035		2,500		2,787
Chicago, Board of Education, Ser D, GO
Callable 12/01/2028 @ 100
5.000%, 12/01/2046		5,000		5,997



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Chicago, Board of Education, Ser G, GO
Callable 12/01/2027 @ 100
5.000%, 12/01/2034	$	3,000	$	3,603
Chicago, Neighborhoods Alive 21 Program, Ser 2002B, GO
Callable 01/01/2025 @ 100
5.500%, 01/01/2034		1,750		1,973
Chicago, O’Hare International Airport, Ser D, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2052		3,125		3,783
Chicago, Project and Refunding, Ser 2005D, GO
Callable 01/01/2025 @ 100
5.500%, 01/01/2034		3,500		3,946
5.500%, 01/01/2037		2,440		2,741
Chicago, Project and Refunding, Ser A, GO
Callable 01/01/2027 @ 100
6.000%, 01/01/2038		10,500		12,763
Chicago, River Point Plaza Redevelopment Project, COP
Callable 01/16/2023 @ 100
4.835%, 04/15/2028 (A)		1,600		1,661
Chicago, Sales Tax Revenue, Ser 2002, RB
Pre-Refunded @ 100
5.000%, 01/01/2025 (D)		2,500		2,910
Chicago, Ser A, GO
Callable 01/01/2024 @ 100
5.250%, 01/01/2033		2,000		2,177
Illinois State, Finance Authority, American Water Capital, RB
Callable 10/01/2029 @ 100
2.450%, 10/01/2039 (B)		1,250		1,343
Illinois State, Finance Authority, Better Housing Foundation Icarus Portfolio Project, Sub-Ser, RB
6.250%, 12/01/2052 (C)		1,485		–
Illinois State, Finance Authority, Carle Foundation Project, Ser A, RB
Callable 08/15/2021 @ 100
6.000%, 08/15/2041		200		202
Illinois State, Finance Authority, Friendship Village of Schaumburg Project, RB
5.125%, 02/15/2045 (C)		1,750		1,291
5.000%, 02/15/2037 (C)		1,750		1,287
Illinois State, Finance Authority, Friendship Village Schamurg Project, RB
5.000%, 02/15/2022 (C)		1,000		919
Illinois State, Finance Authority, Navistar International Project, RB
4.750%, 10/15/2040 (A)(B)		1,200		1,277



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Illinois State, Finance Authority, Plymouth Place, RB
Callable 05/15/2025 @ 100
5.000%, 05/15/2037	$	500	$	586
Illinois State, GO
5.500%, 05/01/2030		2,000		2,638
Illinois State, GO
Callable 07/01/2023 @ 100
5.500%, 07/01/2038		1,500		1,624
Illinois State, GO
Callable 02/01/2024 @ 100
5.000%, 02/01/2039		5,000		5,435
Illinois State, GO
Callable 05/01/2024 @ 100
5.000%, 05/01/2026		4,500		5,039
Illinois State, RB
Callable 06/15/2023 @ 100
5.000%, 06/15/2026		2,000		2,161
Illinois State, Ser A, GO
Callable 05/01/2028 @ 100
4.625%, 05/01/2037		2,500		2,908
Illinois State, Ser B, GO
5.000%, 12/01/2026		2,500		3,023
Illinois State, Ser D, GO
5.000%, 11/01/2027		6,000		7,387
Illinois State, Sports Facilities Authority, RB
5.000%, 06/15/2023		1,010		1,085
Illinois State, Sub-Ser D, RB
Callable 06/15/2026 @ 100
3.000%, 06/15/2031		3,005		3,129
Metropolitan Pier & Exposition Authority, Ser B, RB, AGM
5.406%, 06/15/2045 (E)		7,500		3,852
Northern Illinois University, RB, BAM
Callable 04/01/2031 @ 100
4.000%, 10/01/2043		625		729
Sales Tax Securitization, Ser A, RB
5.000%, 01/01/2029		1,250		1,595
Village of Hillside, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2030		1,345		1,475
Will County, Community High School District No. 210 Lincoln-Way, Ser B, GO, BAM
5.795%, 01/01/2033 (E)		100		75
5.565%, 01/01/2031 (E)		300		241
5.122%, 01/01/2029 (E)		400		344


				103,529



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Indiana — 1.1%
Indiana State, Finance Authority, Ohio River Bridge Project, AMT, RB
Callable 07/01/2023 @ 100
5.000%, 07/01/2048	$	1,000	$	1,087
Indiana State, Finance Authority, Polyflow Project, AMT, RB
Callable 03/01/2026 @ 103
7.000%, 03/01/2039 (A)		14,200		13,458
Vigo County, Hospital Authority, Union Hospital Project, RB
Pre-Refunded @ 100
7.500%, 09/01/2021 (D)		470		478


				15,023

Iowa — 0.2%
Iowa State, Finance Authority, Council Bluffs Project, RB
3.950%, 08/01/2023		250		253
Iowa State, Finance Authority, Deerfield Retirement Community Project, RB
0.000%, 05/15/2056 (C)		125		2
Iowa State, Finance Authority, Deerfield Retirement Community Project, RB
Callable 11/15/2024 @ 100
5.400%, 11/15/2046 (B)		626		672
Iowa State, Finance Authority, Northcrest Project, Ser A, RB
Callable 03/01/2024 @ 103
5.000%, 03/01/2028		1,310		1,446
Iowa State, Student Loan Liquidity, Ser A, AMT, RB
5.000%, 12/01/2026		725		866


				3,239

Kansas — 0.3%
Kansas State, Development Finance Authority, Village of Shalom Project, Ser A, RB
Callable 11/15/2023 @ 104
5.500%, 11/15/2038		1,025		1,088
Wichita, Presbyterian Manor Project, RB
Callable 05/15/2026 @ 103
5.000%, 05/15/2050		600		632
Wichita, Presbyterian Manor Project, Ser I, RB
Callable 05/15/2025 @ 103
5.000%, 05/15/2028		500		544
5.000%, 05/15/2047		1,000		1,049



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Wyandotte County, Kansas City Unified Government, RB
7.600%, 09/01/2034 (A)(E)	$	2,500	$	804


				4,117

Kentucky — 0.2%
Kentucky State, Economic Development Finance Authority, Bapitist Life Community Project, Ser S, RB
Callable 11/15/2026 @ 100
6.250%, 11/15/2046		1,000		982
Kentucky State, Economic Development Finance Authority, Baptist Life Community Project, Ser S, RB
Callable 11/15/2026 @ 100
6.000%, 11/15/2036		1,700		1,673


				2,655

Louisiana — 1.0%
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Cameron Parish GOMESA Project, RB
Callable 11/01/2028 @ 100
5.650%, 11/01/2037 (A)		1,000		1,179
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Jefferson Parish GOMESA Project, RB
Callable 11/01/2029 @ 100
4.000%, 11/01/2044 (A)		500		529
Louisiana State, Local Government Environmental Facilities & Community Development Authority, Terrebonne Parish GOMESA Project, RB
Callable 11/01/2028 @ 100
5.500%, 11/01/2039 (A)		800		903
St. James Parish, Louisiana Revenue, NuStar Logistics, RB
6.100%, 06/01/2038 (A)(B)		6,000		7,686
St. John the Baptist Parish, Marathon Oil Project, RB
2.125%, 06/01/2037 (B)		1,140		1,178
2.000%, 06/01/2037 (B)		2,035		2,080


				13,555

Maine — 0.3%
Maine State, Finance Authority, Solid Waste Disposal, Coastal Resource, AMT, RB
5.375%, 12/15/2033 (A)(C)		2,000		1,100



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Maine State, Health & Higher Educational Facilities Authority, Eastern Maine Health Care, Ser A, RB
Callable 07/01/2026 @ 100
5.000%, 07/01/2046	$	2,600	$	2,945


				4,045

Maryland — 1.3%
Maryland State, Health & Higher Educational Facilities Authority, Ascension Health Project, Ser B, RB
Pre-Refunded @ 100
5.000%, 11/15/2021 (D)		4,500		4,600
Maryland State, Health & Higher Educational Facilities Authority, Johns Hopkins Health Center Project, Ser C, RB
Pre-Refunded @ 100
5.000%, 05/15/2023 (D)		10,000		10,952
Prince George’s County, Chesapeake Lighthouse Charter School Project, RB
Callable 11/01/2026 @ 102
7.000%, 08/01/2048		1,500		1,806

				17,358

Massachusetts — 0.2%
Massachusetts State, Development Finance Agency, Emerson College Project, Ser A, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2040		1,600		1,924
Massachusetts State, Educational Financing Authority, Ser I, RB
Callable 06/14/2021 @ 100
6.000%, 01/01/2028		110		111


				2,035

Michigan — 2.3%
Detroit, GO
5.000%, 04/01/2026		1,000		1,164
Detroit, Ser B-1, GO
Callable 07/06/2021 @ 100
4.000%, 6.000%, 04/01/2034,
04/01/2044 (B)(G)		3,800		3,598
Grand Traverse, Public School Academy Revenue and Refunding, RB
Callable 07/06/2021 @ 100
5.000%, 11/01/2036		300		300
Michigan State, Finance Authority, Detroit Water and Sewerage Project, Senior Lien, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2033		3,000		3,405



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Michigan State, Finance Authority, Local Government Loan Program, RB
Callable 10/01/2024 @ 100
4.500%, 10/01/2029	$	5,750	$	5,988
Michigan State, Finance Authority, Public School Academy, Bradford Academy Project, RB
4.300%, 09/01/2030		120		127
Michigan State, Finance Authority, Public School Acamdemy, Bradford Academy Project, RB
Callable 09/01/2030 @ 100
5.000%, 09/01/2050		310		329
4.800%, 09/01/2040		185		197
Michigan State, Finance Authority, RB
6.658%, 06/01/2045 (E)		5,000		1,388
Michigan State, Finance Authority, RB
Pre-Refunded @ 100
5.000%, 07/01/2022 (D)		4,500		4,738
Michigan State, Tobacco Settlement Finance Authority, Ser B, RB
Callable 06/21/2021 @ 13
9.988%, 06/01/2046 (E)		21,000		2,621
Michigan State, Tobacco Settlement Finance Authority, Ser C, RB
Callable 06/01/2033 @ 11
17.464%, 06/01/2058 (E)		125,250		6,527


				30,382

Minnesota — 0.6%
Independence, Beacon Academy Project, Ser A, RB
4.250%, 07/01/2026		885		947
Minneapolis, Education Authority, Twin Cities International School, RB
Callable 12/01/2027 @ 100
5.000%, 12/01/2032 (A)		750		859
Minneapolis, NorthEast College Prep Project, RB
Callable 07/01/2030 @ 100
5.000%, 07/01/2055		710		772
Shakopee, Senior Housing Revenue, Benedictine Living Community Project, RB
Callable 05/01/2025 @ 100
5.850%, 11/01/2058 (A)(B)		500		541
St. Cloud, Health Care Revenue, Centracare Health System, RB
Callable 05/01/2029 @ 100
4.000%, 05/01/2049		4,000		4,484



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
St. Cloud, Stride Academy Project, Ser A, RB
3.750%, 04/01/2026	$	415	$	393


				7,996

Missouri — 0.4%
Cape Girardeau County, Industrial Development Authority, Southeast Health, RB
Callable 03/01/2031 @ 100
4.000%, 03/01/2046		1,000		1,136
Lees Summit, Industrial Development Authority, John Knox Village Project, Ser A, RB
Callable 08/15/2024 @ 102
5.000%, 08/15/2051		1,050		1,143
Lees Summit, Special Obligation Tax, Summit Fair Project, TA
3.500%, 11/01/2023 (A)		145		147
St. Louis, Land Clearance for Redevelopment Authority, National Geospacial Intelligence, RB
Callable 12/01/2026 @ 100
5.125%, 06/01/2046		2,385		2,695


				5,121

Montana — 0.1%
Kalispel, Housing and Health Care Facilities, Immanuel Lutheran Project, RB
Callable 05/15/2025 @ 102
5.250%, 05/15/2052		1,500		1,608


Nebraska — 0.6%
Central Plains, Energy Project No. 3, RB
Callable 09/01/2022 @ 100
5.000%, 09/01/2042		5,000		5,297
Nebraska State, Public Power District, Ser A, RB
Callable 01/01/2022 @ 100
5.000%, 01/01/2031		2,200		2,260


				7,557

Nevada — 0.7%
Nevada State, Department of Business & Industry, Fulcrum Sierra Biofuels Project, AMT, RB
Callable 12/15/2027 @ 100
5.125%, 12/15/2037 (A)		2,500		2,199
Nevada State, Department of Business & Industry, Fulcrum Sierra Biofuels Project, AMT, RB
Callable 08/15/2028 @ 100
6.950%, 02/15/2038 (A)		3,000		3,094



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Reno, Sub-Ser D, RB
Callable 07/01/2028 @ 14
8.378%, 07/01/2058 (A)(E)	$	10,000	$	1,063
Reno, Sub-Ser, TRAN
Callable 07/01/2038 @ 31
7.058%, 07/01/2058 (A)(E)		21,000		3,502


				9,858

New Hampshire — 0.2%
New Hampshire State, Health & Education Facilities Authority Act, Ser A, RB
5.000%, 08/01/2059		1,500		2,390


New Jersey — 2.2%
New Jersey State, COVID-19 Emergency Bonds, GO
4.000%, 06/01/2030		2,500		3,088
New Jersey State, Economic Development Authority, RB
Callable 03/01/2023 @ 100
5.000%, 03/01/2024		1,055		1,142
New Jersey State, Economic Development Authority, Ser GGG, RB
5.250%, 09/01/2026 (A)		8,500		10,386
New Jersey State, Economic Development Authority, Sub-Ser A, RB
Callable 07/01/2027 @ 100
3.125%, 07/01/2029		445		450
New Jersey State, Educational Facilities Authority, Stockton University, Ser A, RB
Callable 07/01/2026 @ 100
5.000%, 07/01/2041		2,000		2,311
New Jersey State, Health Care Facilities Financing Authority, Hackensack Meridian Health Project, RB
Callable 07/01/2027 @ 100
5.000%, 07/01/2057		2,250		2,685
New Jersey State, Tobacco Settlement Financing, Sub-Ser B, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2046		3,770		4,430
New Jersey State, Transportation Trust Fund Authority, Ser A, RB
4.550%, 12/15/2030 (E)		1,000		823
New Jersey State, Transportation Trust Fund Authority, Transportation Program, Ser AA, RB
Callable 06/15/2025 @ 100
5.250%, 06/15/2041		1,250		1,433



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
South Jersey, Transportation Authority, Ser A, RB
Callable 11/01/2024 @ 100
5.000%, 11/01/2039	$	2,500	$	2,788


				29,536

New York — 8.2%
Build NYC Resource, NYU Law School Project, RB
Callable 01/01/2026 @ 100
5.000%, 07/01/2041		1,500		1,684
Hempstead Town, Local Development, Acadamy Charter School Project, RB
Callable 02/01/2030 @ 100
4.600%, 02/01/2051		500		504
Hempstead Town, Local Development, Academy Christian School Project, RB
Callable 02/01/2028 @ 100
6.760%, 02/01/2048		1,000		1,190
Metropolitan Transportation Authority, Ser B, RB
5.000%, 11/15/2026		12,295		15,083
Metropolitan Transportation Authority, Ser D, RB
Callable 05/15/2028 @ 100
5.000%, 11/15/2031		1,250		1,556
Monroe County, Industrial Development, Ann’s Community Project, RB
Callable 01/01/2026 @ 103
5.000%, 01/01/2040		1,500		1,654
New York City, Industrial Development Agency, Yankee Stadium Project, RB, FGIC
5.040%, 03/01/2026 (B)		425		443
5.030%, 03/01/2025 (B)		400		416
New York Counties, Tobacco Trust IV, Ser E, RB
Callable 06/21/2021 @ 12
17.471%, 06/01/2055 (E)		57,000		6,045
New York Counties, Tobacco Trust V, Sub-Ser, RB
Callable 06/21/2021 @ 10
10.919%, 06/01/2055 (E)		28,000		2,836
New York State, Dormitory Authority, Pace University Project, Ser A, RB
Pre-Refunded @ 100
5.000%, 05/01/2023 (D)		10		11
New York State, Dormitory Authority, Ser A, RB
Callable 09/15/2028 @ 100
4.000%, 03/15/2048		8,000		9,210



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
New York State, Liberty Development Authority, Goldman Sachs Headquarters Project, RB
5.500%, 10/01/2037	$	1,000	$	1,510
New York State, Liberty Development Authority, World Trade Center Project, RB
Callable 11/15/2021 @ 100
5.750%, 11/15/2051		4,000		4,095
New York State, Liberty Development Authority, World Trade Center Project, RB
Callable 11/15/2024 @ 100
5.375%, 11/15/2040 (A)		4,000		4,508
5.000%, 11/15/2044 (A)		10,750		11,885
New York State, Transportation Development Authority, LaGuardia Airport Terminal B Redevelopment Project, AMT, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2046		3,985		4,507
New York State, Transportation Development, Delta Airlines, AMT, RB
5.000%, 01/01/2025		5,000		5,738
New York State, Transportation Development, Delta Airlines, AMT, RB
Callable 01/01/2028 @ 100
5.000%, 01/01/2029		545		672
5.000%, 01/01/2031		1,000		1,221
5.000%, 01/01/2033		4,085		4,960
New York State, Transportation Development, Delta Airlines, AMT, RB
Callable 10/01/2030 @ 100
4.375%, 10/01/2045		3,000		3,553
New York State, Transportation Development, JFK International Airport Project, AMT, RB
Callable 08/01/2030 @ 100
5.250%, 08/01/2031		1,500		1,788
Onondaga County, Trust for Cultural Resources, Syracuse University Project, RB
Callable 12/01/2029 @ 100
4.000%, 12/01/2049		4,440		5,193
Suffolk, Tobacco Asset Securitization, Ser D, RB
Callable 07/06/2021 @ 12
11.166%, 06/01/2048 (E)		18,250		2,124
Syracuse, Industrial Development Agency, Carousel Center Project, Ser B, RB
5.693%, 01/01/2028 (A)		2,000		2,038



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
TSASC, Tobacco Settlement Bond, Ser A, RB
Callable 06/01/2027 @ 100
5.000%, 06/01/2033	$	5,790	$	7,051
TSASC, Tobacco Settlement Bond, Sub-Ser, RB
Callable 06/01/2027 @ 100
5.000%, 06/01/2045		4,250		4,681
Ulster County, Capital Resource, Woodland Pond at New Paltz, RB
Callable 09/15/2024 @ 103
5.250%, 09/15/2047		1,000		1,000
5.250%, 09/15/2053		2,500		2,477


				109,633

North Carolina — 0.2%
North Carolina State, Medical Care Commission, Lutheran Services for Aging, RB
Callable 03/01/2028 @ 103
4.000%, 03/01/2051		1,000		1,071
North Carolina State, Medical Care Commission, United Church Homes and Services, RB
5.000%, 09/01/2022		465		484
5.000%, 09/01/2023		610		652
North Carolina State, Medical Care Commission, United Church Homes and Services, RB
Callable 09/01/2022 @ 100
4.000%, 09/01/2025		500		512


				2,719

North Dakota — 0.2%
Grand Forks County, Solid Waste Facility, Red River Biorefinery Project, AMT, RB
Callable 06/15/2026 @ 103
7.000%, 12/15/2043 (A)		1,500		1,501
6.625%, 12/15/2031 (A)		1,000		1,000


				2,501

Ohio — 4.0%
Buckeye, Tobacco Settlement Financing Authority, Ser A2, RB
Callable 06/01/2030 @ 100
4.000%, 06/01/2048		6,000		6,941
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
Callable 06/01/2030 @ 22
5.942%, 06/01/2057 (E)		59,500		9,575
Buckeye, Tobacco Settlement Financing Authority, Ser B, RB
Callable 06/01/2030 @ 100
5.000%, 06/01/2055		7,435		8,613



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Cleveland-Cuyahoga County, Port Authority, Playhouse Square Foundation Project, RB
Callable 12/01/2028 @ 100
5.000%, 12/01/2033	$	2,460	$	2,849
Franklin County, Convention Facilities Authority, Greater Columbus Convention Center, RB
Callable 12/01/2029 @ 100
5.000%, 12/01/2044		4,000		4,699
Hamilton County, Health Care Facilities Authority, Christ Hospital Project, RB
Pre-Refunded @ 100
5.500%, 06/01/2022 (D)		5,000		5,267
Lake County, Port & Economic Development Authority, 1st Mortgage - Tapestry Wickliffe, RB
6.750%, 12/01/2052 (A)(C)		650		231
6.500%, 12/01/2037 (A)(C)		1,100		390
Montgomery County, Trousdale Foundation Properties Project, RB
Callable 04/01/2028 @ 100
6.250%, 04/01/2049 (A)		1,900		913
6.000%, 04/01/2038 (A)		1,615		776
Ohio State, Air Quality Development Authority, American Electric Corporation, AMT, RB
2.100%, 04/01/2028 (B)		3,420		3,573
Ohio State, Air Quality Development Authority, Ohio Valley Electric Corporation, RB
3.250%, 09/01/2029		2,510		2,728
Ohio State, Air Quality Development Authority, Vanadium Project, AMT, RB
Callable 07/01/2029 @ 100
5.000%, 07/01/2049 (A)		2,250		2,536
Portage County, Port Authority, Northeast Ohio Medical University Project, RB
Callable 06/01/2022 @ 100
5.000%, 12/01/2026		1,500		1,560
Southern Ohio, Port Authority, Purecycle Project, Ser A, AMT, RB
Callable 12/01/2027 @ 103
7.000%, 12/01/2042 (A)		3,000		3,393


				54,044

Oklahoma — 0.5%
Comanche County, Hospital Authority, RB
Callable 07/01/2024 @ 100
5.000%, 07/01/2025		1,500		1,654



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Oklahoma State, Development Finance Authority, Oklahoma City University, RB
Callable 08/01/2029 @ 100
4.000%, 08/01/2036	$	2,980	$	3,325
Oklahoma State, Turnpike Authority, Ser A, RB
Callable 01/01/2027 @ 100
4.000%, 01/01/2048		2,000		2,267
Payne County, Economic Development Authority, Epworth Living Retirement Community, RB
7.000%, 11/01/2051 (C)		2,163		11
6.875%, 11/01/2046 (C)		1,081		5
6.625%, 11/01/2036 (C)		522		3


				7,265

Oregon — 0.3%
Clackamas County, Hospital Facility Authority, Willametter View Project, RB
Callable 11/15/2025 @ 102
5.000%, 11/15/2052		1,500		1,644
Oregon State, Business Development Commission, Red Rock Biofuels LLC, AMT, RB
6.500%, 04/01/2031 (A)(C)		11,100		2,386


				4,030

Pennsylvania — 1.9%
Berks County, Industrial Development Authority, The Highlands at Wyomissing Project, RB
Callable 05/15/2025 @ 102
5.000%, 05/15/2029		300		343
Blythe Township, Solid Waste Authority, AMT, RB
Callable 12/01/2027 @ 100
7.750%, 12/01/2037		4,000		4,599
Chester County, Industrial Development Authority, Woodlands at Graystone Project, SAB
4.375%, 03/01/2028 (A)		275		309
Franklin County, Industrial Development Authority, Menno-Haven Project, RB
5.000%, 12/01/2025		495		556
Montgomery County, Higher Education & Health Authority, Thomas Jefferson University, RB
Callable 09/01/2028 @ 100
4.000%, 09/01/2049		1,000		1,135
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
5.000%, 06/01/2025		1,000		1,171



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Pennsylvania State, Commonwealth Financing Authority, Tobacco Master Settlement, RB
Callable 06/01/2028 @ 100
5.000%, 06/01/2034	$	2,000	$	2,454
Pennsylvania State, Economic Development Financing Authority, Consol Energy Inc Project, AMT, RB
9.000%, 04/01/2051 (A)(B)		2,040		2,268
Pennsylvania State, Turnpike Commission, Ser A, RB
Callable 06/01/2031 @ 100
5.000%, 12/01/2047		2,750		3,542
Philadelphia, Hospitals & Higher Education Facilities Authority, Temple University Health Systems Project, Ser A, RB
Callable 07/01/2022 @ 100
5.625%, 07/01/2036		1,975		2,072
Philadelphia, Industrial Development Authority, University Square Apartments Project, RB
Callable 12/01/2026 @ 100
5.500%, 12/01/2058 (A)		2,000		2,148
Scranton, GO
5.000%, 09/01/2023 (A)		1,000		1,071
Southcentral Pennsylvania, General Authority, York Academy Regional Christian School Program, RB
Callable 07/15/2028 @ 100
6.500%, 07/15/2048 (A)		2,800		3,312
Washington County, Redevelopment Authority, TA
4.000%, 07/01/2023		545		556
West Cornwall Township, Municipal Authority, Pleasant View Retirement Community, RB
3.000%, 12/15/2023		345		351


				25,887

Puerto Rico — 5.9%
Puerto Rico Commonwealth, Government Employees Retirement System, Ser A, RB
6.200%, 07/01/2039 (C)		2,000		247
Puerto Rico Commonwealth, Government Employees Retirement System, Ser B, RB
6.300%, 07/01/2038 (C)		1,000		124
Puerto Rico Commonwealth, Ser A, GO
5.500%, 07/01/2032 (C)		1,500		1,333
5.125%, 07/01/2028 (C)		560		500



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Puerto Rico Commonwealth, Ser A, GO
5.500%, 07/01/2039 (C)	$	3,000	$	2,527
5.000%, 07/01/2041 (C)		5,300		4,253
Puerto Rico Commonwealth, Ser B, GO
5.000%, 07/01/2035 (C)		1,600		1,432
Puerto Rico, Convention Center District Authority, Ser A, RB, AGC
Callable 07/06/2021 @ 100
4.500%, 07/01/2036		810		825
Puerto Rico, Electric Power Authority, Ser A, RB
5.000%, 07/01/2029 (C)		2,920		2,789
Puerto Rico, Electric Power Authority, Ser AAA, RB
5.250%, 07/01/2030 (C)		200		192
Puerto Rico, Electric Power Authority, Ser CCC, RB
5.250%, 07/01/2027 (C)		5,250		5,027
Puerto Rico, Electric Power Authority, Ser DDD, RB
5.000%, 07/01/2021 (C)		2,000		1,910
Puerto Rico, Electric Power Authority, Ser UU, RB, AGM
Callable 07/06/2021 @ 100
0.655%, 07/01/2029 (B)		9,040		8,336
Puerto Rico, Electric Power Authority, Ser V, RB
5.500%, 07/01/2020 (C)		1,380		1,328
Puerto Rico, Electric Power Authority, Ser ZZ-RSA-1, RB
5.250%, 07/01/2019 (C)		1,265		1,203
Puerto Rico, GDB Debt Recovery Authority, RB
7.500%, 08/20/2040		10,390		9,143
Puerto Rico, Highway & Transportation Authority, Ser G, RB
5.000%, 07/01/2042 (C)		2,000		1,017
Puerto Rico, Highway & Transportation Authority, Ser H-REMK, RB
5.450%, 07/01/2035 (C)		2,340		1,190
Puerto Rico, Highway & Transportation Authority, Ser K, RB
5.000%, 07/01/2026 (C)		3,040		1,547
Puerto Rico, Public Buildings Authority, Ser S, RB
6.000%, 07/01/2041		4,000		4,000
Puerto Rico, Sales Tax Financing Sales Tax Revenue, Ser A2, RB
Callable 07/01/2028 @ 100
4.784%, 07/01/2058		11,604		13,009



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
Callable 07/01/2028 @ 30
6.448%, 07/01/2051 (E)	$	46,000	$	10,821
Puerto Rico, Sales Tax Financing, Sales Tax Revenue, Ser A1, RB
Callable 07/01/2028 @ 100
4.750%, 07/01/2053		6,043		6,778


				79,531

Rhode Island — 0.2%
Providence, Redevelopment Agency, Ser A, RB
Callable 04/01/2025 @ 100
5.000%, 04/01/2027		1,110		1,226
Rhode Island State, Tobacco Settlement Financing Authority, Ser A, RB
Callable 06/21/2021 @ 16
7.005%, 06/01/2052 (E)		6,890		1,121


				2,347

South Carolina — 1.2%
South Carolina State, Jobs-Economic Development Authority, Bon Secours Mercy Health, RB
Callable 06/01/2030 @ 100
5.000%, 12/01/2046		2,000		2,535
4.000%, 12/01/2044		2,000		2,352
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, AMT, RB
6.250%, 02/01/2045 (A)(C)		1,000		400
5.250%, 02/01/2027 (A)(C)		1,000		400
South Carolina State, Jobs-Economic Development Authority, Repower S. Berkeley Project, RB
8.000%, 12/06/2029 (C)		155		140
South Carolina State, Public Service Authority, Santee Cooper Project, Ser A, RB
Callable 06/01/2025 @ 100
5.000%, 12/01/2050		3,300		3,806
South Carolina State, Public Service Authority, Santee Cooper Project, Ser C, RB
5.784%, 12/01/2041		5,059		6,789


				16,422

Tennessee — 1.1%
Bristol, Industrial Development Board, Pinnacle Project, TA
Callable 06/01/2026 @ 100
5.625%, 06/01/2035		2,000		2,114



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Bristol, Industrial Development Board, Sales Tax Revenue, Ser A, RB
Callable 12/01/2026 @ 100
5.125%, 12/01/2042 (A)	$	1,000	$	1,004
Memphis-Shelby County, Industrial Development Board, Graceland Project, TA
Callable 07/01/2027 @ 100
5.500%, 07/01/2037		700		706
Nashville, Metropolitan Development & Housing Agency, TA
4.500%, 06/01/2028 (A)		500		553
Shelby County, Health Educational & Housing Facilities Board, The Farms at Baily Station, RB
Callable 10/01/2025 @ 104
5.750%, 10/01/2059		2,500		2,531
Tennessee State, Energy Acquisition, Ser A, RB
5.250%, 09/01/2026		2,355		2,858
Tennessee State, Energy Acquisition, Ser C, RB
5.000%, 02/01/2027		4,000		4,807


				14,573

Texas — 4.0%
Brazoria County, Industrial Development, Gladieux Metals Recycling Project, AMT, RB
Callable 03/01/2026 @ 103
9.000%, 03/01/2039 (A)		9,770		11,380
7.000%, 03/01/2039		500		541
Clifton, Higher Education Finance Authority, Idea Public Schools Project, RB
Pre-Refunded @ 100
5.500%, 08/15/2021 (D)		1,000		1,011
Clifton, Higher Education Finance, International Leadership Project, Ser D, RB
Callable 08/15/2025 @ 100
6.125%, 08/15/2048		1,250		1,451
6.000%, 08/15/2038		1,500		1,751
Grand Parkway Transportation, Revenue Toll Authority, Ser B, RB
Pre-Refunded @ 100
5.000%, 10/01/2023 (D)		7,000		7,791
Harris County, Cultural Education Facilities Finance Authority, Baylor College Medical Center Project, RB
Pre-Refunded @ 100
4.750%, 11/15/2022 (D)		2,725		2,907



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Houston, Airport System Revenue, United Airlines, AMT, RB
5.000%, 07/15/2027	$	1,000	$	1,187
Lewisville, SAB
Callable 09/01/2021 @ 100
5.500%, 09/01/2039 (A)		1,000		1,003
New Hope, Cultural Education Facilities Finance, Longhorn Village Project, RB
Callable 01/01/2024 @ 103
5.000%, 01/01/2042		500		540
New Hope, Cultural Education Facilities Finance, Quality Senior Housing Foundation, Ser A1, RB
Callable 12/01/2026 @ 103
5.000%, 12/01/2054		500		548
New Hope, Cultural Education Facilities, Cardinal Bay Village Project, RB
Callable 07/01/2026 @ 100
5.500%, 07/01/2046		1,250		958
5.000%, 07/01/2031		250		214
New Hope, Cultural Education Facilities, Edgemere Project, RB
Callable 01/01/2024 @ 103
5.000%, 01/01/2047		1,500		1,616
New Hope, Cultural Education Facilities, Quality Senior Housing Foundation, Ser A1, RB
Callable 12/01/2029 @ 100
4.000%, 12/01/2054		250		246
Newark, Higher Education Finance, Austin Achieve Public Schools Project, RB
Callable 06/15/2022 @ 100
5.000%, 06/15/2033		150		155
5.000%, 06/15/2038		375		387
4.250%, 06/15/2028		140		144
North Texas, Tollway Authority, Ser B, RB
Callable 01/01/2025 @ 100
5.000%, 01/01/2045		6,000		6,831
North Texas, Tollway Authority, Ser B, RB
Callable 01/01/2027 @ 100
5.000%, 01/01/2048		3,250		3,892
Port Beaumont, Navigation District, Jefferson Gulf Coast Energy Project, RB
Callable 01/01/2022 @ 103
6.000%, 01/01/2025 (A)		1,000		1,034
Port Isabel, GO
Callable 02/15/2029 @ 100
5.100%, 02/15/2049 (A)		1,000		1,138



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Red River, Health Facilities Development Authority, Wichita Falls Retirement Foundation Project, RB
Callable 01/01/2022 @ 100
5.500%, 01/01/2032	$	500	$	507
5.125%, 01/01/2041		500		505
Texas State, Municipal Gas Acquisition & Supply I, Senior Lien, Ser A, RB
5.250%, 12/15/2023		670		751
Texas State, Municipal Gas Acquisition & Supply I, Sub-Ser C, RB
Callable 06/03/2021 @ 100
1.573%, 12/15/2026 (B)		3,000		3,000
Wise County, Parker County Junior College District Project, Ser 2011, RB
Callable 08/15/2021 @ 100
8.000%, 08/15/2034		1,000		1,016
Woodloch, Health Facilities Development, Inspired Living Lewsville Project, RB
6.750%, 12/01/2051 (A)(C)		2,500		1,741


				54,245

Utah — 0.2%
Mida Mountain Village, Public Infrastructure District, Mountain Village Assesment, RB
Callable 08/01/2031 @ 100
4.000%, 08/01/2050 (A)		500		521
Utah Charter School, Finance Authority, St George Campus Project, Ser A, RB
Callable 06/15/2031 @ 100
5.000%, 06/15/2052 (A)		1,300		1,478
Utah State, Charter School Finance Authority, Early Light Academy Project, RB
4.500%, 07/15/2027 (A)		600		631


				2,630

Vermont — 0.0%
Vermont State, Student Assistance, Ser A, AMT, RB
Callable 06/15/2026 @ 100
5.000%, 06/15/2028		550		639


Virgin Islands — 0.1%
Virgin Islands, Public Finance Authority, Ser Senior Lien, RB
5.000%, 10/01/2024		840		841



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)

Virginia — 1.0%
Chesterfield County, Economic Development Authority, Brandermill Woods Project, RB
Callable 01/01/2022 @ 100
5.125%, 01/01/2043	$	1,000	$	1,009
Hanover County, Economic Development Authority, Covenant Woods Project, RB
Callable 07/01/2024 @ 103
5.000%, 07/01/2038		375		410
Henrico County, Economic Development Authority, Pinnacle Living Obligation Group, Ser A, RB
Callable 06/01/2025 @ 103
5.000%, 06/01/2044		1,000		1,075
James City County, Economic Development Authority, United Methodist Home Project, RB
Callable 07/06/2021 @ 100
2.000%, 10/01/2048		40		4
James City County, Economic Development Authority, United Methodist Home Project, RB
Callable 06/01/2023 @ 100
6.000%, 06/01/2043		2,208		2,319
Lewistown Commerce Center, Community Development Authority, Ser C, TA
Callable 07/06/2021 @ 100
6.050%, 03/01/2054		118		22
Lewistown Commerce Center, Community Development Authority, TA
6.050%, 03/01/2044 (C)		103		84
Virginia State, Small Business Financing Authority, Covanta Project, AMT, RB
Callable 07/01/2023 @ 100
5.000%, 01/01/2048 (A)(B)		500		522
Virginia State, Small Business Financing Authority, Transform 66 P3 Project, AMT, RB
Callable 06/30/2027 @ 100
5.000%, 12/31/2049		2,500		3,008
5.000%, 12/31/2052		3,500		4,205
5.000%, 12/31/2056		1,000		1,198


				13,856

Washington — 0.8%
Skagit County, Public Hospital District No. 1, Skagit Regional Health, RB
Callable 12/01/2026 @ 100
5.000%, 12/01/2028		1,000		1,178



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Washington State, Convention Center Public Facilities District, RB
4.000%, 07/01/2031	$	1,000	$	1,154
Washington State, Housing Finance Commission, Judson Park Project, RB
3.700%, 07/01/2023 (A)		245		249
Washington State, Housing Finance Commission, Judson Park Project, RB
Callable 07/01/2025 @ 102
5.000%, 07/01/2033 (A)		225		246
4.000%, 07/01/2028 (A)		400		425
Washington State, Tobacco Settlement Authority, RB
Callable 06/24/2021 @ 100
5.250%, 06/01/2032		5,000		5,013
Washington State, Tobacco Settlement Authority, RB
Callable 06/01/2022 @ 100
5.250%, 06/01/2033		2,500		2,614


				10,879

West Virginia — 0.6%
West Virginia State, Tobacco Settlement, Finance Authority, Ser B, RB
Callable 06/21/2021 @ 12
20.698%, 06/01/2047 (E)		73,250		8,232


Wisconsin — 3.5%
Center District, Senior Dedicated Tax Revenue, Ser C, RB, AGM
Callable 12/15/2030 @ 38
3.942%, 12/15/2055 (E)		25,000		7,283
Wisconsin State, Health & Educational Facilities Authority, Camillus Health System, RB
Callable 11/01/2026 @ 103
5.000%, 11/01/2046		1,000		1,067
Wisconsin State, Health & Educational Facilities Authority, RB
Callable 08/01/2025 @ 103
5.250%, 08/01/2048		1,500		1,596
5.000%, 08/01/2028		1,230		1,313
Wisconsin State, Irving Convention Center Hotel Project, RB
Callable 01/01/2032 @ 100
7.000%, 01/01/2050 (A)		3,250		3,078
Wisconsin State, Northwest Nazarene University Project, RB
Callable 10/01/2028 @ 100
4.250%, 10/01/2049		1,000		1,081



Description	Face Amount (Thousands)		Market Value ($ Thousands)

MUNICIPAL BONDS (continued)
Wisconsin State, Public Finance Authority, 1st Mortgage Vista Grande Village Project, RB
Callable 07/01/2025 @ 100
6.500%, 07/01/2050 (A)	$	1,750	$	1,140
Wisconsin State, Public Finance Authority, American Dream @ Meadowland Project, RB
6.250%, 08/01/2027 (A)		3,500		3,801
Wisconsin State, Public Finance Authority, Barton College Project, Ser A, RB
Callable 03/01/2028 @ 100
5.000%, 03/01/2038		2,500		2,639
5.000%, 03/01/2048		1,500		1,573
Wisconsin State, Public Finance Authority, Celanese Project, Ser B, AMT, RB
5.000%, 12/01/2025		2,000		2,331
Wisconsin State, Public Finance Authority, Delray Beach Radiation Therapy Project, RB
Callable 11/01/2026 @ 100
7.000%, 11/01/2046 (A)		3,500		3,734
Wisconsin State, Public Finance Authority, Lake Erie College, RB
Callable 10/01/2029 @ 100
5.875%, 10/01/2054 (A)		2,770		2,926
Wisconsin State, Public Finance Authority, Marys Woods at Marylhurst Project, RB
Callable 05/15/2025 @ 102
5.250%, 05/15/2052 (A)		1,750		1,920
Wisconsin State, Public Finance Authority, Procure Proton Therapy Center Project, RB
Callable 01/01/2028 @ 100
6.375%, 01/01/2048 (A)		5,070		4,243
Wisconsin State, Public Finance Authority, Procure Proton Therapy Center Project, RB
Callable 07/01/2028 @ 100
7.000%, 07/01/2048 (A)		3,500		3,853
Wisconsin State, Public Finance Authority, Retirement Facilities First Mortgage, RB
Callable 03/01/2030 @ 100
5.250%, 03/01/2055 (A)		2,500		2,785


				46,363

Total Municipal Bonds (Cost $857,834) ($ Thousands)				951,461



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS — 15.9%

Financials — 14.5%
Ally Financial
4.700%, VAR H15T7Y+3.481%(H)	$	1,000	$	1,009
4.700%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+ 3.868%(H)		500		514
Australia & New Zealand Banking Group
6.750%, VAR USD ICE Swap 11:00 NY 5 Yr+5.168%(A)(H)		6,900		8,107
AXA
6.379%, VAR ICE LIBOR USD 3 Month+ 2.256%(A)(H)		5,200		7,192
Bank of America
6.500%, VAR ICE LIBOR USD 3 Month+4.174%(H)		2,900		3,284
6.300%, VAR ICE LIBOR USD 3 Month+4.553%(H)		2,300		2,669
6.250%, VAR ICE LIBOR USD 3 Month+3.705%(H)		5,000		5,556
Bank of New York Mellon
4.625%, VAR ICE LIBOR USD 3 Month+3.131%(H)		2,200		2,374
3.700%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.352%(H)		5,000		5,187
3.607%, VAR ICE LIBOR USD 3 Month+3.420%(H)		1,000		1,004
Barclays PLC
8.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.672%(H)		1,500		1,704
7.750%, VAR USD Swap Semi 30/360 5 Yr Curr+4.842%(H)		1,000		1,097
BNP Paribas
7.195%, VAR ICE LIBOR USD 3 Month+1.290%(H)		6,200		6,572
BP Capital Markets PLC
4.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+ 4.036%(H)		600		637
CAN Community Health
8.500%, 03/01/2028 (A)		2,500		2,687
Charles Schwab
7.000%, VAR ICE LIBOR USD 3 Month+4.820%(H)		7,325		7,563
4.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.168%(H)		800		832
Citigroup
6.250%, VAR ICE LIBOR USD 3 Month+4.517%(H)		3,800		4,413



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
5.900%, VAR ICE LIBOR USD 3 Month+4.230%(H)	$	1,000	$	1,052
3.875%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.417%(H)		2,400		2,415
Citizens Financial Group
6.375%, VAR ICE LIBOR USD 3 Month+3.157%(H)		2,380		2,547
5.650%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.313%(H)		2,200		2,453
4.154%, VAR ICE LIBOR USD 3 Month+3.960%(H)		5,000		5,006
CoBank ACB
6.250%, VAR ICE LIBOR USD 3 Month+4.660%(H)		500		560
Comerica
5.625%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.291%(H)		2,600		2,885
Credit Suisse Group
7.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.598%(A)(H)		2,000		2,213
6.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.822%(A)(H)		800		874
5.100%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.293%(A)(H)		2,500		2,531
4.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.554%(A)(H)		2,500		2,431
Depository Trust & Clearing
3.351%, VAR ICE LIBOR USD 3 Month+ 3.167%(A)(H)		2,250		2,250
Discover Financial Services
6.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+5.783%(H)		500		562
Fifth Third Bancorp
4.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.215%(H)		500		544
Goldman Sachs Group
5.500%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.623%(H)		1,000		1,082
HSBC Holdings PLC
6.875%, VAR USD ICE Swap 11:00 NY 5 Yr+5.514%(H)		8,000		8,000
6.000%, VAR USD ICE Swap 11:00 NY 5 Yr+3.746%(H)		1,500		1,654



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Huntington Bancshares
5.625%, VAR US Treas Yield Curve Rate T Note Const Mat 10 Yr+4.945%(H)	$	600	$	697
4.450%, VAR H15T7Y+4.045%(H)		1,200		1,283
ING Groep
6.500%, VAR USD Swap Semi 30/360 5 Yr Curr+4.446%(H)		3,500		3,892
5.750%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.342%(H)		1,000		1,100
JPMorgan Chase
6.750%, VAR ICE LIBOR USD 3 Month+3.780%(H)		7,200		7,915
6.000%, VAR ICE LIBOR USD 3 Month+3.300%(H)		1,800		1,905
3.976%, VAR ICE LIBOR USD 3 Month+3.800%(H)		1,200		1,201
3.656%, VAR ICE LIBOR USD 3 Month+3.470%(H)		1,025		1,020
3.650%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.850%(H)		2,300		2,285
KeyCorp
5.000%, VAR ICE LIBOR USD 3 Month+3.606%(H)		3,000		3,349
Lloyds Banking Group PLC
6.657%, VAR ICE LIBOR USD 3 Month+ 1.270%(A)(H)		7,500		10,369
6.657%, VAR ICE LIBOR USD 3 Month+1.270%(H)		1,000		1,382
M&T Bank
5.125%, VAR ICE LIBOR USD 3 Month+3.520%(H)		500		549
5.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.174%(H)		3,800		4,037
MetLife
3.850%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.576%(H)		1,700		1,772
3.759%, VAR ICE LIBOR USD 3 Month+3.575%(H)		834		834
Natwest Group PLC
2.523%, VAR ICE LIBOR USD 3 Month+2.320%(H)		1,300		1,294
Nordea Bank Abp MTN
6.125%, VAR USD Swap Semi 30/360 5 Yr Curr+3.388%(A)(H)		5,000		5,491
Northern Trust
4.600%, VAR ICE LIBOR USD 3 Month+3.202%(H)		500		543



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Royal Bank of Scotland Group PLC
8.000%, VAR USD Swap Semi 30/360 5 Yr Curr+5.720%(H)	$	200	$	236
Societe Generale
8.000%, VAR USD ICE Swap 11:00 NY 5 Yr+ 5.873%(A)(H)		1,800		2,115
7.375%, VAR USD Swap Semi 30/360 5 Yr Curr+6.238%(H)		600		609
Standard Chartered PLC
7.014%, VAR ICE LIBOR USD 3 Month+ 1.460%(A)(H)		4,500		6,165
SVB Financial Group
4.000%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.202%(H)		4,100		4,164
Toll Road Investors Partnership II
5.616%, 02/15/2043 (A)(E)		22,000		6,474
Truist Financial
4.950%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.605%(H)		1,200		1,306
4.800%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.003%(H)		7,100		7,553
UBS Group
4.375%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.313%(A)(H)		6,000		5,978
UBS Group Funding Switzerland
7.000%, VAR USD Swap Semi 30/360 5 Yr Curr+4.344%(A)(H)		600		661
Voya Financial
6.125%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.358%(H)		1,200		1,296
Wells Fargo
5.875%, VAR ICE LIBOR USD 3 Month+3.990%(H)		3,411		3,795
3.900%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.453%(H)		1,000		1,025

				193,755


Health Care — 0.0%
Tower Health
4.451%, 02/01/2050		540		452


Utilities — 1.4%
Dominion Energy
4.650%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+2.993%(H)		9,000		9,484



Description	Face Amount (Thousands)		Market Value ($ Thousands)

CORPORATE OBLIGATIONS (continued)
Duke Energy
4.875%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+ 3.388%(H)	$	4,900	$	5,201
NiSource
5.650%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+ 2.843%(H)		2,500		2,619
Pacific Gas & Electric
4.950%, 07/01/2050		300		304
4.550%, 07/01/2030		300		316
3.850%, 11/15/2023		50		53
3.750%, 07/01/2028		100		104
3.450%, 07/01/2025		100		105
3.400%, 08/15/2024		100		105
3.300%, 03/15/2027		100		103
3.250%, 06/15/2023		150		155

				18,549


Total Corporate Obligations (Cost $198,334) ($ Thousands)				212,756


	Shares

PREFERRED STOCK — 6.5%

Communication Services — 0.3%
AT&T
4.750%(H)		137,000		3,507


Consumer Discretionary — 0.2%
Dairy Farmers of America
7.875%*(H)		31,000		3,123


Financials — 5.8%
Allstate
4.750%(H)		24,500		656
Arch Capital Group
5.450%(H)		13,693		362
Associated Banc-Corp
5.875%(H)		13,668		375
Capital One Financial
5.000%(H)		71,700		1,879
Charles Schwab
6.000%(H)		101,415		2,536
Citigroup
6.875%, VAR ICE LIBOR USD 3 Month+4.130%(H)		85,700		2,431
CoBank ACB
6.250%, VAR ICE LIBOR USD 3 Month+4.557%(H)		20,000		2,080
6.125%(H)		20,000		2,023



Description	Shares		Market Value ($ Thousands)

PREFERRED STOCK (continued)
Equitable Holdings
5.250%(H)		25,000	$	665
4.300%(H)		25,000		625
Fifth Third Bancorp
6.625%, VAR ICE LIBOR USD 3 Month+3.710%(H)		80,000		2,290
Fulton Financial
5.125%(H)		10,000		262
Goldman Sachs Group
5.500%, VAR ICE LIBOR USD 3 Month+3.640%(H)		276,048		7,522
4.000%, VAR ICE LIBOR USD 3 Month+0.670%(H)		43,300		1,079
Huntington Bancshares
6.250%(H)		120,000		3,055
5.875%(H)		20,322		534
KeyCorp
6.125%, VAR ICE LIBOR USD 3 Month+3.892%(H)		4,000		122
MetLife
5.625%(H)		29,780		816
4.750%(H)		200,000		5,310
Morgan Stanley
7.125%, VAR ICE LIBOR USD 3 Month+4.320%(H)		108,070		3,132
6.875%, VAR ICE LIBOR USD 3 Month+3.940%(H)		53,657		1,524
4.000%, VAR ICE LIBOR USD 3 Month+0.700%(H)		161,113		4,025
NY Community Bancorp
6.375%, VAR ICE LIBOR USD 3 Month+3.821%(H)		110,000		3,124
People’s United Financial
5.625%, VAR ICE LIBOR USD 3 Month+4.020%(H)		34,498		975
PNC Financial Services Group
6.125%, VAR ICE LIBOR USD 3 Month+4.067%(H)		79,610		2,079
Regions Financial
6.375%, VAR ICE LIBOR USD 3 Month+3.536%(H)		2,600		75
5.700%, VAR ICE LIBOR USD 3 Month+3.148%(H)		16,000		452
4.450%(H)		49,094		1,219
RenaissanceRe Holdings
5.375%(H)		64,190		1,611
State Street
5.900%, VAR ICE LIBOR USD 3 Month+3.108%(H)		114,090		3,250
5.350%, VAR ICE LIBOR USD 3 Month+3.709%(H)		5,824		171



Description	Shares		Market Value ($ Thousands)

PREFERRED STOCK (continued)
Sterling Bancorp
6.500%(H)		36,337	$	969
SVB Financial Group
5.250%(H)		1,802		48
Synovus Financial
5.875%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+4.127%(H)		50,000		1,347
Truist Financial
5.625%(H)		47,050		1,177
US Bancorp
6.500%, VAR ICE LIBOR USD 3 Month+4.468%(H)		92,342		2,421
3.500%, VAR ICE LIBOR USD 3 Month+1.020%(H)		16,800		872
Valley National Bancorp
6.250%, VAR ICE LIBOR USD 3 Month+3.850%(H)		73,487		2,073
Voya Financial
5.350%, VAR US Treas Yield Curve Rate T Note Const Mat 5 Yr+3.210%(H)		105,000		2,945
Webster Financial
5.250%(H)		42,731		1,101
Wells Fargo
7.500%*(H)		2,154		3,134
6.625%, VAR ICE LIBOR USD 3 Month+3.690%(H)		57,230		1,647
5.850%, VAR ICE LIBOR USD 3 Month+3.090%(H)		120,000		3,252
5.625%(H)		5,000		130


				77,375


Utilities — 0.2%
Alabama Power
5.000%(H)		9,000		242
Duke Energy
5.750%(H)		8,727		244
Enbridge
6.375%, VAR ICE LIBOR USD 3 Month+3.593%(H)		5,032		136
Entergy Texas
5.375%(H)		40,000		1,088
Interstate Power & Light
5.100%(H)		16,839		436
NSTAR Electric
4.780%(H)		10,708		1,119


				3,265



Description	Shares		Market Value ($ Thousands)

PREFERRED STOCK (continued)

Total Preferred Stock (Cost $79,111) ($ Thousands)			$	87,270


	Face Amount (Thousands)

U.S. TREASURY OBLIGATIONS — 5.4%
United States Treasury Bills
0.063%, 09/09/2021 (E)	$	22,100		22,099
0.052%, 06/03/2021 (E)		19,200		19,200
0.052%, 08/26/2021 (E)		3,500		3,500
0.032%, 07/20/2021 (E)		5,000		5,000
0.030%, 11/18/2021 (E)		1,500		1,500
0.025%, 08/24/2021 (E)		300		300
0.025%, 08/31/2021 (E)		3,500		3,500
0.025%, 09/07/2021 (E)		2,600		2,600
0.025%, 11/12/2021 (E)		2,800		2,799
0.017%, 07/22/2021 (E)		2,400		2,400
0.013%, 09/21/2021 (E)		9,900		9,900


Total U.S. Treasury Obligations (Cost $72,794) ($ Thousands)				72,798


	Shares

CASH EQUIVALENT — 0.3%
SEI Daily Income Trust, Government Fund, Cl F
0.010%**†		3,844,043		3,844


Total Cash Equivalent (Cost $3,844) ($ Thousands)				3,844


Total Investments in Securities — 99.1% (Cost $1,211,917) ($ Thousands)			$	1,328,129

Percentages are based on Net Assets of $1,339,815 ($ Thousands).

*	Non-income producing security.

**	The rate reported is the 7-day effective yield as of May 31, 2021.

^†	Investment in Affiliated Security.

(A)

Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration normally to qualified institutions. On May 31, 2021, the value of these securities amounted to $269,351 ($ Thousands), representing 20.1% of the Net Assets of the Fund.

(B)	Variable or floating rate security, the interest rate of which adjusts periodically based on prevailing interest rates.

(C)	Security is in default on interest payment.

(D)	Pre-Refunded Securities — The maturity date shown is the pre-refunded date.

(E)	Zero coupon security. The rate shown on the Schedule of Investments is the security’s effective yield at the time of purchase.

(F)	Security is escrowed to maturity.

(G)	Step Bonds – Represents the current rate, the step rate, the step date and the final maturity date.

(H)	Perpetual security with no stated maturity date.

AGC — Assured Guaranty Corporation

AGM— Assured Guaranty Municipal

AMT — Alternative Minimum Tax

BAM — Build America Mutual

Cl — Class

COP— Certificate of Participation

FGIC— Financial Guaranty Insurance Company

GO — General Obligation

ICE— Intercontinental Exchange

LIBOR— London Interbank Offered Rate

LLC — Limited Liability Company

MTN — Medium Term Note

PLC — Public Limited Company

RB — Revenue Bond

SAB— Special Assessment Bond

Ser — Series

TA — Tax Allocation

TRAN – Tax Revenue Anticipation Note

VAR — Variable Rate

The following is a list of the level of inputs used as of May 31, 2021 in valuing the Fund’s investments and other financial instruments carried at value ($ Thousands):



Investments in Securities	Level 1 ($)		Level 2 ($)		Level 3 ($)		Total ($)
Municipal Bonds		–		951,461		–		951,461
Corporate Obligations		–		212,756		–		212,756
Preferred Stock		74,554		12,716		–		87,270
U.S. Treasury Obligations		–		72,798		–		72,798
Cash Equivalent		3,844		–		–		3,844


Total Investments in Securities		78,398		1,249,731		–		1,328,129

For the period ended May 31, 2021, there were no transfers in or out of Level 3.

The following is a summary of the transactions with affiliates for the period ended May 31, 2021 ($ Thousands):


Security Description	Value 8/31/20			Purchases at Cost			Proceeds from Sales		Realized Gain/ (Loss)			Change in Unrealized Appreciation/ (Depreciation)			Value 5/31/21			Shares		Income			Capital Gains
SEI Daily Income Trust, Government Fund, Cl F		$	1,775		$	105,281		$(105,917)		$	-		$	-		$	1,139		1,138,729		$	-		$	-


Security Description	Value 8/31/20	Purchases at Cost	Proceeds from Sales	Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value 5/31/21	Shares	Income	Capital Gains
SEI Daily Income Trust, Government Fund, Cl F	$1,014	$16,747	$(13,554)	$—	$—	$4,207	4,206,588	$—	$—