| Principal Amount | Value | |||
| Municipal Bonds 97.9% | ||||
| Alabama 97.9% | ||||
Alabama Community College System Board of Trustees Revenue, Bishop State Community College, BAM Insured, 4.00%, 1/01/49 | $2,000,000 | $2,171,860 | ||
Alabama Federal Aid Highway Finance Authority Special Obligation Revenue, Series A, 5.00%, 6/01/37 | 4,130,000 | 4,992,509 | ||
Alabama Special Care Facilities Financing Authority Birmingham Revenue, Ascension Senior Credit Group, Refunding, Series B, 5.00%, 11/15/46 | 3,000,000 | 3,434,910 | ||
Alabama State Port Authority Docks Facilities Revenue, Pre-Refunded, 6.00%, 10/01/40 | 3,000,000 | 3,181,290 | ||
Anniston PBA Building Revenue, Judicial Center Project, AGMC Insured, Pre-Refunded, 5.00%, 3/01/43 | 4,120,000 | 4,372,020 | ||
Auburn University General Fee Revenue, Refunding, Series A, 5.00%, 6/01/33 | 2,500,000 | 2,911,475 | ||
| Baldwin County Board of Education Revenue, | ||||
Capital Outlay School wts., Refunding, 5.00%, 6/01/27 | 3,015,000 | 3,284,571 | ||
School wts., Refunding, 5.00%, 6/01/24 | 2,605,000 | 2,852,267 | ||
School wts., Refunding, 5.00%, 6/01/26 | 2,870,000 | 3,130,108 | ||
Bessemer Governmental Utility Services Corp. Water Supply Revenue, Refunding, BAM Insured, 5.00%, 6/01/39 | 6,000,000 | 6,985,860 | ||
Bessemer Water Revenue, wts., Refunding, AGMC Insured, 5.00%, 1/01/47 | 2,590,000 | 2,961,380 | ||
Birmingham GO, Convertible, Capital Appreciation, Series A, 5.00%, 3/01/43 | 5,000,000 | 5,478,450 | ||
| Birmingham Water Works Board Water Revenue, | ||||
Senior, Refunding, Series A, 4.00%, 1/01/35 | 4,000,000 | 4,390,000 | ||
Series B, 5.00%, 1/01/43 | 3,745,000 | 4,102,011 | ||
Subordinate, Refunding, Series B, 5.00%, 1/01/43 | 10,000,000 | 11,649,900 | ||
Calhoun County Board of Education Special Tax School wts. Revenue, BAM Insured, 5.00%, 2/01/46 | 6,000,000 | 6,836,940 | ||
| Chatom IDB Gulf Opportunity Zone Revenue, | ||||
PowerSouth Energy Cooperative, Refunding, Series A, Assured Guaranty, 5.00%, 8/01/30 | 5,250,000 | 5,442,727 | ||
PowerSouth Energy Cooperative, Refunding, Series A, Assured Guaranty, 5.00%, 8/01/37 | 5,000,000 | 5,167,750 | ||
Cullman Utilities Board Water Revenue, AGMC Insured, 5.00%, 9/01/41 | 3,000,000 | 3,107,040 | ||
DCH Health Care Authority Health Care Facilities Revenue, Refunding, 5.00%, 6/01/36 | 2,000,000 | 2,260,500 | ||
East Alabama Health Care Authority Health Care Facilities Revenue, Series A, 5.00%, 9/01/41 | 3,000,000 | 3,493,950 | ||
Homewood Educational Building Authority Revenue, Educational Facilities, Samford University, Series A, AGMC Insured, 5.00%, 12/01/41 | 10,000,000 | 10,837,900 | ||
Homewood GO, Capital Improvement wts., Pre-Refunded, 5.00%, 9/01/42 | 4,000,000 | 4,454,720 | ||
Huntsville GO, wts., Series B, 5.00%, 5/01/38 | 4,775,000 | 5,810,220 | ||
Huntsville Water System Revenue, wts., 5.00%, 11/01/35 | 4,000,000 | 4,650,640 | ||
Infirmary Health System Special Care Facilities Financing Authority of Mobile Revenue, Infirmary Health System Inc., Series A, 5.00%, 2/01/41 | 3,000,000 | 3,366,120 | ||
Jacksonville State University Tuition and Fee Revenue, Refunding, AGMC Insured, 5.00%, 12/01/36 | 5,000,000 | 5,938,550 | ||
| Limestone County Water and Sewer Authority Water Revenue, | ||||
AGMC Insured, 5.00%, 12/01/39 | 3,750,000 | 3,800,512 | ||
Refunding, Series B, BAM Insured, 5.00%, 12/01/43 | 5,920,000 | 6,781,182 | ||
Madison GO, wts., Series A, 5.00%, 4/01/37 | 2,590,000 | 2,973,916 | ||
Madison Water and Wastewater Board Water and Sewer Revenue, Refunding, 5.00%, 12/01/41 | 4,610,000 | 5,354,515 | ||
Marshall County Board of Education Special Tax, School wts., AGMC Insured, 4.00%, 3/01/41 | 1,000,000 | 1,059,480 | ||
Mobile Water and Sewer Commissioners Water and Sewer Revenue, Refunding, 5.00%, 1/01/36 | 10,000,000 | 11,033,100 | ||
| Morgan County Board of Education Capital Outlay School wts. Revenue, | ||||
Pre-Refunded, 5.00%, 3/01/35 | 4,300,000 | 4,762,466 | ||
Refunding, 5.00%, 3/01/35 | 2,720,000 | 2,964,664 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Alabama (continued) | ||||
| Opelika Utilities Board Utility Revenue, | ||||
Assured Guaranty, Pre-Refunded, 5.00%, 6/01/37 | $3,000,000 | $3,053,460 | ||
Refunding, 4.00%, 6/01/41 | 2,000,000 | 2,154,040 | ||
Oxford GO, wts., Series C, 5.00%, 10/01/29 | 1,435,000 | 1,583,666 | ||
Pelham GO, wts., 5.00%, 2/01/34 | 2,635,000 | 2,992,912 | ||
Phenix City GO, School wts., Series A, 5.00%, 8/01/43 | 3,000,000 | 3,321,810 | ||
Phenix City Water and Sewer Revenue, wts., Series A, AGMC Insured, 5.00%, 8/15/40 | 2,000,000 | 2,068,840 | ||
| Selma IDBR, | ||||
Gulf Opportunity Zone, International Paper Co. Project, Series A, 5.80%, 5/01/34 | 3,000,000 | 3,106,920 | ||
Gulf Opportunity Zone, International Paper Co. Project, Series A, 5.375%, 12/01/35 | 3,000,000 | 3,249,870 | ||
Talladega County Board of Education Special Tax School wts. Revenue, Sales Tax, Refunding, BAM Insured, 5.00%, 11/01/39 | 2,000,000 | 2,343,500 | ||
| Troy Public Educational Building Authority Educational Facilities Revenue, | ||||
AGMC Insured, 5.25%, 12/01/40 | 295,000 | 308,868 | ||
AGMC Insured, Pre-Refunded, 5.25%, 12/01/40 | 1,705,000 | 1,799,491 | ||
| Trussville GO, | ||||
wts., Series A, 4.00%, 8/01/41 | 3,000,000 | 3,267,210 | ||
wts., Series B, 5.00%, 10/01/39 | 1,895,000 | 2,105,876 | ||
wts., Series B, Pre-Refunded, 5.00%, 10/01/39 | 1,105,000 | 1,265,855 | ||
Tuscaloosa City Board of Education School Tax wts. Revenue, 5.00%, 8/01/41 | 4,000,000 | 4,652,760 | ||
Tuscaloosa County Board of Education Special Tax, School wts., 4.00%, 2/01/47 | 5,000,000 | 5,367,850 | ||
University of Alabama at Birmingham Medicine Finance Authority Revenue, Refunding, Series B, 5.00%, 9/01/29 | 5,000,000 | 6,014,300 | ||
University of Alabama General Fee Revenue, University of Alabama in Huntsville, Series B-2, 5.00%, 9/01/48 | 5,000,000 | 5,945,200 | ||
University of Alabama General Revenue, University of Alabama at Birmingham, Refunding, Series D-2, 5.00%, 10/01/37 | 7,520,000 | 8,409,466 | ||
University of Montevallo Revenue, Refunding, BAM Insured, 5.00%, 5/01/42 | 2,500,000 | 2,926,250 | ||
University of South Alabama Revenue, University Facilities, Series A, BAM Insured, 5.00%, 4/01/49 | 2,000,000 | 2,391,400 | ||
Total Municipal Bonds before Short Term Investments (Cost $221,117,906) | 234,325,047 |
| Principal Amount | Value | |||
| Short Term Investments (Cost $1,995,000) 0.8% | ||||
| Municipal Bonds 0.8% | ||||
| Alabama 0.8% | ||||
| a | Mobile IDB, PCR, Alabama Power Co. Barry Plant Project, First Series, Daily VRDN and Put, 2.24%, 6/01/34 | $1,995,000 | $1,995,000 | |
Total Investments (Cost $223,112,906) 98.7% | 236,320,047 | |||
Other Assets, less Liabilities 1.3% | 3,006,256 | |||
Net Assets 100.0% | $239,326,303 |
| aVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.3% | ||||
| Arizona 96.9% | ||||
| Arizona Board of Regents Arizona State University System Revenue, | ||||
Green Bonds, Refunding, Series B, 5.00%, 7/01/43 | $4,005,000 | $4,767,872 | ||
Green Bonds, Series B, 5.00%, 7/01/42 | 2,000,000 | 2,347,440 | ||
Refunding, Series B, 5.00%, 7/01/41 | 14,070,000 | 16,182,610 | ||
Series C, 5.00%, 7/01/46 | 10,000,000 | 11,716,500 | ||
Series D, 5.00%, 7/01/41 | 5,000,000 | 5,750,750 | ||
Series D, 5.00%, 7/01/46 | 5,000,000 | 5,736,200 | ||
Speed, Stimulus Plan for Economic and Educational Development, 5.00%, 8/01/33 | 2,200,000 | 2,517,944 | ||
Speed, Stimulus Plan for Economic and Educational Development, 5.00%, 8/01/34 | 3,320,000 | 3,790,809 | ||
Speed, Stimulus Plan for Economic and Educational Development, 5.00%, 8/01/44 | 4,145,000 | 4,673,156 | ||
Arizona Board of Regents COP, University of Arizona Projects, Refunding, Series C, 5.00%, 6/01/31 | 7,025,000 | 7,629,642 | ||
| Arizona Board of Regents Northern Arizona University Speed Revenue, | ||||
Stimulus Plan for Economic and Educational Development, 5.00%, 8/01/26 | 2,380,000 | 2,677,571 | ||
Stimulus Plan for Economic and Educational Development, 5.00%, 8/01/38 | 5,000,000 | 5,525,850 | ||
| Arizona Board of Regents Northern Arizona University System Revenue, | ||||
Refunding, 5.00%, 6/01/40 | 7,365,000 | 8,281,942 | ||
Refunding, 5.00%, 6/01/44 | 8,005,000 | 8,974,726 | ||
| Arizona Board of Regents University of Arizona System Revenue, | ||||
Green Bonds, Series A, 5.00%, 6/01/42 | 2,000,000 | 2,449,160 | ||
Refunding, 5.00%, 6/01/39 | 2,750,000 | 3,230,618 | ||
Series A, 5.00%, 6/01/43 | 5,000,000 | 6,040,850 | ||
Speed, Stimulus Plan for Economic and Educational Development, 5.00%, 8/01/38 | 10,150,000 | 11,277,157 | ||
Arizona Health Facilities Authority Healthcare Education Facilities Revenue, Kirksville College of Osteopathic Medicine Inc., Arizona School of Health Sciences Project, 5.125%, 1/01/30 | 2,250,000 | 2,293,088 | ||
Arizona Health Facilities Authority Hospital Revenue, Phoenix Children’s Hospital, Refunding, Series A, 5.00%, 2/01/42 | 8,000,000 | 8,535,360 | ||
| Arizona Health Facilities Authority Revenue, | ||||
Catholic Healthcare West, Series B, AGMC Insured, 5.00%, 3/01/41 | 5,000,000 | 5,217,100 | ||
Catholic Healthcare West, Series B, Sub Series B-1, 5.25%, 3/01/39 | 10,000,000 | 10,539,700 | ||
Scottsdale Lincoln Hospitals Project, Refunding, Series A, 5.00%, 12/01/39 | 15,000,000 | 16,825,500 | ||
Scottsdale Lincoln Hospitals Project, Refunding, Series A, 5.00%, 12/01/42 | 9,535,000 | 10,664,611 | ||
| Arizona IDA Education Revenue, | ||||
Academies of Math and Science Projects, Credit Enhanced, Refunding, Series A, 5.00%, 7/01/42 | 2,045,000 | 2,320,196 | ||
Academies of Math and Science Projects, Credit Enhanced, Refunding, Series A, 5.00%, 7/01/51 | 1,080,000 | 1,218,143 | ||
Arizona Agribusiness and Equine Center Inc. Project, Credit Enhanced, Series A, 5.00%, 3/01/48 | 1,555,000 | 1,799,151 | ||
Basis Schools Projects, Credit Enhanced, Refunding, Series F, 5.00%, 7/01/47 | 3,350,000 | 3,804,897 | ||
Arizona Sports and Tourism Authority Senior Revenue, Multipurpose Stadium Facility Project, Refunding, Series A, 5.00%, 7/01/36 | 3,160,000 | 3,347,862 | ||
| Arizona State COP, | ||||
Department of Administration, Series A, AGMC Insured, 5.25%, 10/01/26 | 8,500,000 | 8,605,485 | ||
Department of Administration, Series A, AGMC Insured, 5.00%, 10/01/29 | 5,855,000 | 5,922,977 | ||
Department of Administration, Series B, AGMC Insured, 5.00%, 10/01/28 | 5,000,000 | 5,135,300 | ||
Department of Administration, Series B, AGMC Insured, 5.00%, 10/01/29 | 3,000,000 | 3,080,430 | ||
| Arizona State IDA Senior Living Revenue, | ||||
Great Lakes Senior Living Communities LLC Project, first tier, Series A, 5.00%, 1/01/38 | 1,175,000 | 1,332,720 | ||
Great Lakes Senior Living Communities LLC Project, first tier, Series A, 5.00%, 1/01/43 | 3,000,000 | 3,352,920 | ||
Great Lakes Senior Living Communities LLC Project, first tier, Series A, 5.00%, 1/01/54 | 1,375,000 | 1,513,793 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Arizona (continued) | ||||
| Arizona State IDA Senior Living Revenue, (continued) | ||||
Great Lakes Senior Living Communities LLC Project, second tier, Series B, 5.00%, 1/01/43 | $1,000,000 | $1,092,000 | ||
Great Lakes Senior Living Communities LLC Project, second tier, Series B, 5.00%, 1/01/49 | 1,500,000 | 1,628,205 | ||
Great Lakes Senior Living Communities LLC Project, second tier, Series B, 5.125%, 1/01/54 | 1,000,000 | 1,092,050 | ||
| Arizona State Lottery Revenue, | ||||
Department of Administration, Series A, AGMC Insured, 5.00%, 7/01/28 | 15,540,000 | 15,853,597 | ||
Department of Administration, Series A, AGMC Insured, 5.00%, 7/01/29 | 7,500,000 | 7,651,350 | ||
| Arizona Transportation Board Highway Revenue, | ||||
Refunding, 5.00%, 7/01/31 | 10,000,000 | 11,607,300 | ||
Refunding, 5.00%, 7/01/36 | 8,680,000 | 10,320,694 | ||
Subordinated, Refunding, Series A, 5.00%, 7/01/38 | 5,750,000 | 6,268,707 | ||
Subordinated, Series A, Pre-Refunded, 5.00%, 7/01/36 | 10,000,000 | 10,735,700 | ||
Central Arizona Water Conservation District Water Delivery O and M Revenue, Central Arizona Project, 5.00%, 1/01/34 | 1,000,000 | 1,179,510 | ||
El Mirage GO, AGMC Insured, 5.00%, 7/01/42 | 2,200,000 | 2,381,324 | ||
Gilbert Public Facilities Municipal Property Corp. Revenue, Pre-Refunded, 5.50%, 7/01/28 | 10,000,000 | 10,030,900 | ||
| Glendale IDAR, | ||||
Midwestern University, 5.00%, 5/15/35 | 5,000,000 | 5,144,300 | ||
Midwestern University, 5.125%, 5/15/40 | 10,000,000 | 10,286,900 | ||
Midwestern University, Refunding, 5.00%, 5/15/31 | 3,455,000 | 3,753,270 | ||
Senior Living, Royal Oaks Life Care Community, Refunding, 5.00%, 5/15/39 | 2,000,000 | 2,246,700 | ||
| Glendale Municipal Property Corp. Excise Tax Revenue, | ||||
Subordinate, Refunding, Series C, 5.00%, 7/01/38 | 12,000,000 | 13,178,640 | ||
Subordinate, Refunding, Series C, AGMC Insured, 5.00%, 7/01/38 | 6,530,000 | 7,171,377 | ||
| Goodyear Water and Sewer Revenue, | ||||
Obligation, sub. lien, Refunding, AGMC Insured, 5.25%, 7/01/31 | 1,000,000 | 1,072,070 | ||
Obligation, sub. lien, Refunding, AGMC Insured, 5.50%, 7/01/41 | 1,500,000 | 1,616,355 | ||
| Lake Havasu Wastewater System Revenue, | ||||
senior lien, Refunding, Series B, AGMC Insured, 5.00%, 7/01/40 | 15,000,000 | 17,233,950 | ||
senior lien, Refunding, Series B, AGMC Insured, 5.00%, 7/01/43 | 9,155,000 | 10,514,334 | ||
Maricopa County Cartwright Elementary School District No. 83 GO, School Improvement, Project of 2010, Series A, AGMC Insured, 5.375%, 7/01/30 | 5,415,000 | 5,807,479 | ||
Maricopa County Hospital Revenue, Sun Health Corp., Pre-Refunded, 5.00%, 4/01/35 | 12,090,000 | 14,046,162 | ||
Maricopa County IDA, MFHR, Senior, Western Groves Apartments Project, Series A-1, AMBAC Insured, 5.30%, 12/01/22 | 850,000 | 850,740 | ||
| Maricopa County IDA Education Revenue, | ||||
Greathearts Arizona Projects, Refunding, Series A, 5.00%, 7/01/37 | 1,000,000 | 1,169,300 | ||
Greathearts Arizona Projects, Refunding, Series A, 5.00%, 7/01/52 | 1,000,000 | 1,150,180 | ||
Reid Traditional Schools Projects, 5.00%, 7/01/36 | 1,120,000 | 1,241,475 | ||
Reid Traditional Schools Projects, 5.00%, 7/01/47 | 3,325,000 | 3,626,378 | ||
Maricopa County IDA Health Facility Revenue, Catholic Healthcare West, Refunding, Series A, 6.00%, 7/01/39 | 4,860,000 | 4,875,212 | ||
| Maricopa County IDA Hospital Revenue, | ||||
HonorHealth, Refunding, Series A, 5.00%, 9/01/37 | 4,025,000 | 4,737,063 | ||
HonorHealth, Refunding, Series A, 5.00%, 9/01/42 | 4,000,000 | 4,650,360 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Arizona (continued) | ||||
| Maricopa County IDA Senior Living Facilities Revenue, | ||||
Christian Care Retirement Apartments Inc. Project, Refunding, Series A, 5.00%, 1/01/36 | $5,000,000 | $5,669,600 | ||
Christian Care Retirement Apartments Inc. Project, Refunding, Series D, 5.00%, 1/01/40 | 9,840,000 | 11,091,451 | ||
Maricopa County IDAR, Banner Health, Series A, 5.00%, 1/01/41 | 36,750,000 | 43,631,437 | ||
| Maricopa County PCC, | ||||
PCR, El Paso Electric Co. Palo Verde Project, Refunding, Series A, 3.60%, 4/01/40 | 13,500,000 | 13,579,245 | ||
PCR, El Paso Electric Co. Palo Verde Project, Refunding, Series A, 4.50%, 8/01/42 | 10,000,000 | 10,371,900 | ||
PCR, Public Service Co. of New Mexico Palo Verde Project, Refunding, Series A, 6.25%, 1/01/38 | 5,000,000 | 5,175,500 | ||
PCR, Southern California Edison Co., Refunding, Series B, 5.00%, 6/01/35 | 14,745,000 | 15,077,500 | ||
Maricopa County School District No. 214 Tolleson Union High School GO, School Improvement, Project of 2017, Series A, 5.00%, 7/01/37 | 1,000,000 | 1,198,210 | ||
| Maricopa County USD No. 11 Peoria GO, | ||||
School Improvement, 5.00%, 7/01/31 | 5,100,000 | 5,691,600 | ||
School Improvement, 5.00%, 7/01/33 | 1,000,000 | 1,204,490 | ||
| Maricopa County USD No. 95 Queen Creek GO, | ||||
School Improvement, 5.00%, 7/01/33 | 500,000 | 593,635 | ||
School Improvement, 5.00%, 7/01/37 | 1,200,000 | 1,410,600 | ||
| McAllister Academic Village LLC Revenue, | ||||
Arizona State University Hassayampa Academic Village Project, Refunding, 5.00%, 7/01/33 | 2,000,000 | 2,386,740 | ||
Arizona State University Hassayampa Academic Village Project, Refunding, 5.00%, 7/01/38 | 2,000,000 | 2,354,800 | ||
Arizona State University Hassayampa Academic Village Project, Refunding, 5.00%, 7/01/39 | 1,000,000 | 1,175,060 | ||
| Mesa Utility Systems Revenue, | ||||
5.00%, 7/01/32 | 1,000,000 | 1,246,990 | ||
5.00%, 7/01/34 | 1,265,000 | 1,562,945 | ||
4.00%, 7/01/38 | 1,425,000 | 1,580,311 | ||
4.00%, 7/01/39 | 6,135,000 | 6,760,586 | ||
5.00%, 7/01/42 | 15,000,000 | 18,077,850 | ||
Series A, 5.00%, 7/01/43 | 15,000,000 | 18,333,750 | ||
Mohave County Union High School District No. 2 Colorado River GO, School Improvement, 5.00%, 7/01/35 | 1,000,000 | 1,190,820 | ||
| Phoenix Civic Improvement Corp. Airport Revenue, | ||||
junior lien, Refunding, Series D, 4.00%, 7/01/40 | 20,570,000 | 22,382,423 | ||
junior lien, Series A, Pre-Refunded, 5.00%, 7/01/40 | 10,000,000 | 10,379,400 | ||
senior lien, 5.00%, 7/01/48 | 5,000,000 | 5,904,950 | ||
senior lien, Series A, 5.00%, 7/01/42 | 15,090,000 | 17,648,962 | ||
| Phoenix Civic Improvement Corp. Distribution Revenue, | ||||
Capital Appreciation, Civic Plaza Expansion Project, Series B, NATL Insured, 5.50%, 7/01/27 | 3,945,000 | 4,999,341 | ||
Capital Appreciation, Civic Plaza Expansion Project, Series B, NATL Insured, 5.50%, 7/01/28 | 2,000,000 | 2,581,360 | ||
Capital Appreciation, Civic Plaza Expansion Project, Series B, NATL Insured, 5.50%, 7/01/29 | 2,000,000 | 2,622,180 | ||
Capital Appreciation, Civic Plaza Expansion Project, Series B, NATL Insured, 5.50%, 7/01/36 | 5,000,000 | 7,109,000 | ||
Capital Appreciation, Civic Plaza Expansion Project, Series B, NATL Insured, 5.50%, 7/01/37 | 7,000,000 | 10,030,650 | ||
Phoenix Civic Improvement Corp. Excise Tax Revenue, Subordinate, Refunding, Series A, 5.00%, 7/01/41 | 10,000,000 | 11,568,900 | ||
| Phoenix Civic Improvement Corp. Wastewater System Revenue, | ||||
junior lien, Series A, 5.00%, 7/01/37 | 1,000,000 | 1,221,230 | ||
junior lien, Series A, 4.00%, 7/01/39 | 5,000,000 | 5,509,850 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Arizona (continued) | ||||
| Phoenix Civic Improvement Corp. Water System Revenue, | ||||
junior lien, 5.00%, 7/01/39 | $5,000,000 | $5,903,950 | ||
junior lien, Series A, 5.00%, 7/01/39 | 10,000,000 | 11,454,300 | ||
junior lien, Series A, Pre-Refunded, 5.00%, 7/01/39 | 14,780,000 | 14,820,054 | ||
| Phoenix IDA Education Revenue, | ||||
Facility, Great Hearts Academies Projects, Refunding, Series A, 5.00%, 7/01/36 | 4,065,000 | 4,468,329 | ||
Facility, Great Hearts Academies Projects, Refunding, Series A, 5.00%, 7/01/41 | 1,225,000 | 1,333,131 | ||
Facility, Great Hearts Academies Projects, Refunding, Series A, 5.00%, 7/01/46 | 1,335,000 | 1,447,500 | ||
Facility, JMF-Higley 2012 LLC Project, 5.00%, 12/01/34 | 1,355,000 | 1,471,855 | ||
Facility, JMF-Higley 2012 LLC Project, 5.00%, 12/01/39 | 5,610,000 | 6,056,668 | ||
Facility, Vista College Preparatory Projects, Series A, 5.00%, 7/01/48 | 1,000,000 | 1,160,070 | ||
| Phoenix IDA Student Housing Revenue, | ||||
Downtown Phoenix Student Housing LLC, Arizona State University Project, Refunding, Series A, 5.00%, 7/01/33 | 600,000 | 698,862 | ||
Downtown Phoenix Student Housing LLC, Arizona State University Project, Refunding, Series A, 5.00%, 7/01/37 | 2,000,000 | 2,299,140 | ||
Downtown Phoenix Student Housing LLC, Arizona State University Project, Refunding, Series A, 5.00%, 7/01/42 | 7,800,000 | 8,883,030 | ||
| Pima County IDAR, | ||||
Senior Living Facility, Christian Care Tucson Inc. Project, Refunding, Series A, 5.00%, 12/15/32 | 1,765,000 | 2,041,275 | ||
Senior Living Facility, Christian Care Tucson Inc. Project, Refunding, Series A, 5.00%, 6/15/37 | 2,240,000 | 2,556,982 | ||
Senior Living Facility, Christian Care Tucson Inc. Project, Series C, 5.00%, 12/15/47 | 3,840,000 | 4,344,346 | ||
Pima County USD No. 20 Vail GO, School Improvement and Refunding, BAM Insured, 5.00%, 7/01/36 | 3,305,000 | 3,894,050 | ||
| Pima County USD No. 30 Sahuarita GO, | ||||
School Improvement, BAM Insured, 5.00%, 7/01/33 | 2,665,000 | 3,145,180 | ||
School Improvement, BAM Insured, 5.00%, 7/01/34 | 2,800,000 | 3,292,912 | ||
| Pima County USD No. 6 Marana GO, | ||||
School Improvement, Project of 2014, Series C, BAM Insured, 5.00%, 7/01/36 | 2,385,000 | 2,855,179 | ||
School Improvement, Project of 2014, Series D, BAM Insured, 5.00%, 7/01/38 | 2,500,000 | 2,964,200 | ||
Pinal County Community College District Revenue, Central Arizona College, BAM Insured, 5.00%, 7/01/34 | 1,065,000 | 1,254,666 | ||
| Pinal County Electrical District No. 3 Electric System Revenue, | ||||
Pre-Refunded, 5.25%, 7/01/33 | 1,500,000 | 1,616,400 | ||
Pre-Refunded, 5.25%, 7/01/41 | 6,800,000 | 7,327,680 | ||
Refunding, 5.00%, 7/01/35 | 1,195,000 | 1,398,795 | ||
| Queen Creek Excise Tax and State Shared Revenue, | ||||
Series A, 5.00%, 8/01/42 | 2,500,000 | 3,016,975 | ||
Series A, 5.00%, 8/01/47 | 5,000,000 | 6,009,100 | ||
| Salt River Project Agricultural Improvement and Power District Electric System Revenue, | ||||
Salt River Project, Refunding, Series A, 5.00%, 12/01/30 | 4,500,000 | 4,929,885 | ||
Salt River Project, Refunding, Series A, 5.00%, 1/01/37 | 10,000,000 | 12,226,400 | ||
Salt River Project, Refunding, Series A, 5.00%, 1/01/38 | 9,745,000 | 11,658,723 | ||
Salt River Project, Refunding, Series A, 5.00%, 1/01/38 | 3,310,000 | 4,035,254 | ||
Salt River Project, Refunding, Series A, 5.00%, 1/01/39 | 5,605,000 | 6,816,633 | ||
| Salt Verde Financial Corp. Senior Gas Revenue, | ||||
5.00%, 12/01/32 | 10,000,000 | 12,631,000 | ||
5.00%, 12/01/37 | 5,000,000 | 6,477,000 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Arizona (continued) | ||||
Scottsdale Municipal Property Corp. Excise Tax Revenue, Water and Sewer Improvements Project, Pre-Refunded, 5.00%, 7/01/33 | $10,660,000 | $11,070,303 | ||
| Student and Academic Services LLC Lease Revenue, | ||||
Northern Arizona University Project, BAM Insured, 5.00%, 6/01/33 | 1,000,000 | 1,138,510 | ||
Northern Arizona University Project, BAM Insured, 5.00%, 6/01/39 | 1,400,000 | 1,575,784 | ||
Northern Arizona University Project, BAM Insured, 5.00%, 6/01/44 | 3,155,000 | 3,537,197 | ||
Tempe Excise Tax Revenue, Series A, Pre-Refunded, 5.00%, 7/01/31 | 2,325,000 | 2,496,050 | ||
Town of Gilbert Pledged Revenue, sub. lien, Obligations, 5.00%, 7/01/45 | 10,000,000 | 11,528,900 | ||
Tucson IDA Lease Revenue, University of Arizona/Marshall Foundation Project, Series A, AMBAC Insured, 5.00%, 7/15/32 | 985,000 | 986,330 | ||
| Tucson Water System Revenue, | ||||
Pre-Refunded, 5.00%, 7/01/32 | 5,000,000 | 5,367,850 | ||
Refunding, 5.00%, 7/01/28 | 65,000 | 65,170 | ||
Refunding, 5.00%, 7/01/29 | 95,000 | 95,245 | ||
| University Medical Center Corp. Hospital Revenue, | ||||
Tucson, Pre-Refunded, 5.625%, 7/01/36 | 5,000,000 | 5,799,400 | ||
Tucson, Pre-Refunded, 6.00%, 7/01/39 | 5,000,000 | 5,453,600 | ||
Tucson, Pre-Refunded, 6.50%, 7/01/39 | 4,750,000 | 4,767,955 | ||
| Yavapai County IDA Hospital Revenue, | ||||
Yavapai Regional Medical Center, Refunding, 5.00%, 8/01/34 | 4,250,000 | 4,898,550 | ||
Yavapai Regional Medical Center, Refunding, 5.00%, 8/01/36 | 1,310,000 | 1,502,714 | ||
| 899,389,960 | ||||
| U.S. Territories 1.4% | ||||
| Guam 1.4% | ||||
| Guam Power Authority Revenue, | ||||
Series A, AGMC Insured, 5.00%, 10/01/39 | 6,490,000 | 7,293,397 | ||
Series A, AGMC Insured, 5.00%, 10/01/44 | 5,325,000 | 5,961,391 | ||
| 13,254,788 | ||||
Total Municipal Bonds before Short Term Investments (Cost $857,211,090) | 912,644,748 |
| Principal Amount | Value | |||
| Short Term Investments 0.4% | ||||
| Municipal Bonds 0.4% | ||||
| Arizona 0.4% | ||||
| a | Arizona Health Facilities Authority Revenue, Banner Health, Series C, LOC Bank of America, Daily VRDN and Put, 2.25%, 1/01/46 | $575,000 | $575,000 | |
| a | Phoenix IDA Health Care Facilities Revenue, Mayo Clinic, Series B, SPA Wells Fargo Bank, Daily VRDN and Put, 2.20%, 11/15/52 | 2,825,000 | 2,825,000 | |
Total Short Term Investments (Cost $3,400,000) | 3,400,000 | |||
Total Investments (Cost $860,611,090) 98.7% | 916,044,748 | |||
Other Assets, less Liabilities 1.3% | 12,413,125 | |||
Net Assets 100.0% | $928,457,873 |
| aVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 95.5% | ||||
| Colorado 93.4% | ||||
Adams 12 Five Star Schools GO, Adams County and the City of Broomfield, Series B, 5.00%, 12/15/36 | $5,000,000 | $5,996,750 | ||
Adams and Weld Counties School District No. 27J Brighton GO, The City and County of Broomfield, 5.00%, 12/01/40 | 7,500,000 | 8,757,675 | ||
| Adams State College Board of Trustees Institutional Enterprise Revenue, | ||||
5.00%, 5/15/37 | 630,000 | 685,900 | ||
Pre-Refunded, 5.00%, 5/15/37 | 370,000 | 403,833 | ||
Adams State University Board of Trustees Institutional Enterprise Revenue, Refunding, Series A, 4.00%, 5/15/42 | 1,515,000 | 1,680,029 | ||
Anthem West Metropolitan District GO, City and County of Broomfield, Refunding, BAM Insured, 5.00%, 12/01/35 | 3,000,000 | 3,473,160 | ||
Arapahoe County School District No. 1 GO, Englewood Schools, 5.00%, 12/01/42 | 7,000,000 | 8,248,240 | ||
Auraria Higher Education Center Parking Enterprise Revenue, 5th and Walnut Parking Garage Project, Series A, AGMC Insured, 5.00%, 4/01/34 | 6,150,000 | 6,779,207 | ||
Aurora COP, Aurora Capital Leasing Corp., Refunding, Series A, 5.00%, 12/01/30 | 5,680,000 | 5,774,742 | ||
Aurora Hospital Revenue, The Children’s Hospital Assn. Project, Series A, 5.00%, 12/01/40 | 2,500,000 | 2,576,775 | ||
Aurora Water Revenue, Green Bonds, first lien, Refunding, 5.00%, 8/01/46 | 5,000,000 | 5,874,250 | ||
Bell Mountain Ranch Metropolitan District GO, Consolidated, Douglas County, Refunding, AGMC Insured, 5.00%, 12/01/39 | 3,160,000 | 3,260,204 | ||
| Boulder Valley School District No. RE-2 GO, | ||||
Boulder and Gilpin Counties and the City and County of Broomfield, 5.00%, 12/01/34 | 6,000,000 | 6,000,000 | ||
Boulder and Gilpin Counties and the City and County of Broomfield, 5.00%, 12/01/41 | 5,000,000 | 5,784,200 | ||
Brighton Water Activity Enterprise Revenue, Water System Project, Series A, Assured Guaranty, Pre-Refunded, 5.25%, 12/01/34 | 5,380,000 | 5,482,489 | ||
| Castle Rock Sales and Use Tax Revenue, | ||||
5.00%, 6/01/31 | 1,800,000 | 2,008,458 | ||
5.00%, 6/01/32 | 1,845,000 | 2,055,662 | ||
5.00%, 6/01/35 | 2,775,000 | 3,078,335 | ||
| Centennial Water and Sanitation District Water and Wastewater Revenue, | ||||
Douglas County, 5.00%, 12/01/43 | 3,000,000 | 3,659,880 | ||
Douglas County, 5.25%, 12/01/48 | 6,760,000 | 8,360,024 | ||
| Colorado Educational and Cultural Facilities Authority Revenue, | ||||
Alexander Dawson School, Colorado Project, 5.00%, 2/15/40 | 5,280,000 | 5,386,022 | ||
Charter School, Union Colony School Project, Refunding, 5.00%, 4/01/48 | 715,000 | 824,531 | ||
University of Denver Project, Series A, 5.00%, 3/01/47 | 3,950,000 | 4,619,288 | ||
| Colorado Health Facilities Authority Revenue, | ||||
Bethesda Project, Improvement and Refunding, Series A-1, 5.00%, 9/15/48 | 3,000,000 | 3,319,320 | ||
Catholic Health Initiatives, Refunding, Series A, 5.00%, 7/01/39 | 5,000,000 | 5,013,450 | ||
Catholic Health Initiatives, Series D, 6.125%, 10/01/28 | 2,500,000 | 2,517,750 | ||
Catholic Health Initiatives, Series D, 6.25%, 10/01/33 | 2,000,000 | 2,014,220 | ||
Children’s Hospital Colorado Project, Series A, 5.00%, 12/01/44 | 5,000,000 | 5,750,850 | ||
Covenant Retirement Communities Inc., Refunding, Series A, 5.00%, 12/01/35 | 7,150,000 | 7,968,318 | ||
Covenant Retirement Communities Inc., Series A, 5.75%, 12/01/36 | 5,000,000 | 5,746,050 | ||
Covenant Retirement Communities Inc., Series A, 5.00%, 12/01/48 | 5,000,000 | 5,673,750 | ||
The Evangelical Lutheran Good Samaritan Society Project, 5.50%, 6/01/33 | 1,000,000 | 1,117,920 | ||
The Evangelical Lutheran Good Samaritan Society Project, 5.625%, 6/01/43 | 4,000,000 | 4,439,760 | ||
The Evangelical Lutheran Good Samaritan Society Project, Refunding, 5.00%, 12/01/33 | 2,500,000 | 2,675,975 | ||
The Evangelical Lutheran Good Samaritan Society Project, Refunding, 5.00%, 6/01/47 | 6,000,000 | 6,803,580 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Colorado (continued) | ||||
| Colorado Health Facilities Authority Revenue, (continued) | ||||
The Evangelical Lutheran Good Samaritan Society Project, Refunding, Series A, 5.00%, 6/01/40 | $4,000,000 | $4,439,760 | ||
The Evangelical Lutheran Good Samaritan Society Project, Refunding, Series A, 5.00%, 6/01/45 | 2,750,000 | 3,037,100 | ||
Hospital, Boulder Community Hospital Project, Series A, 6.00%, 10/01/35 | 5,460,000 | 5,759,263 | ||
Hospital, Boulder Community Hospital Project, Series A, Pre-Refunded, 6.00%, 10/01/35 | 40,000 | 42,363 | ||
Hospital, Parkview Medical Center Inc. Project, 5.00%, 9/01/46 | 5,000,000 | 5,669,200 | ||
Sisters of Charity of Leavenworth Health System, Refunding, Series A, 5.00%, 1/01/40 | 7,320,000 | 7,451,174 | ||
Valley View Hospital Assn. Project, 5.00%, 5/15/40 | 2,000,000 | 2,233,520 | ||
Valley View Hospital Assn. Project, 5.00%, 5/15/45 | 1,000,000 | 1,114,050 | ||
Colorado High Performance Transportation Enterprise Revenue, C-470 Express Lanes, 5.00%, 12/31/47 | 2,555,000 | 2,800,357 | ||
| Colorado Mesa University Enterprise Revenue, | ||||
Board of Trustees, 5.00%, 5/15/45 | 4,000,000 | 4,645,640 | ||
a Board of Trustees, Series B, 5.00%, 5/15/44 | 1,000,000 | 1,212,090 | ||
a Board of Trustees, Series B, 5.00%, 5/15/49 | 1,565,000 | 1,887,875 | ||
| Colorado School of Mines Institutional Enterprise Revenue, | ||||
Board of Trustees, Series A, 5.00%, 12/01/42 | 2,450,000 | 2,898,203 | ||
Board of Trustees, Series A, 5.00%, 12/01/47 | 3,000,000 | 3,534,420 | ||
Refunding, Series B, 5.00%, 12/01/32 | 110,000 | 122,137 | ||
| Colorado Springs Utilities System Revenue, | ||||
Improvement, Series A-4, 5.00%, 11/15/48 | 5,000,000 | 6,059,800 | ||
Improvement, Series B-1, 5.00%, 11/15/38 | 4,000,000 | 4,492,960 | ||
Refunding, Series A, 5.00%, 11/15/40 | 3,000,000 | 3,482,370 | ||
Refunding, Series A, 5.00%, 11/15/45 | 2,665,000 | 3,077,569 | ||
Refunding, Series A-2, 5.00%, 11/15/44 | 5,000,000 | 5,702,850 | ||
Refunding, Series A-2, 5.00%, 11/15/47 | 6,000,000 | 7,159,260 | ||
Series D-1, Pre-Refunded, 5.25%, 11/15/33 | 5,000,000 | 5,272,550 | ||
| Colorado State Board of Governors University Enterprise System Revenue, | ||||
Pre-Refunded, 5.00%, 3/01/44 | 2,675,000 | 3,019,567 | ||
Refunding, Series A, 4.00%, 3/01/40 | 5,000,000 | 5,522,050 | ||
Refunding, Series A, 5.00%, 3/01/43 | 5,000,000 | 6,655,650 | ||
Refunding, Series B, 5.00%, 3/01/41 | 1,000,000 | 1,167,450 | ||
Refunding, Series E, 4.00%, 3/01/43 | 4,500,000 | 4,975,290 | ||
Series A, 5.00%, 3/01/34 | 20,000 | 20,050 | ||
Series A, 5.00%, 3/01/39 | 145,000 | 145,349 | ||
Series A, 5.00%, 3/01/40 | 3,010,000 | 3,442,116 | ||
Series A, Pre-Refunded, 5.00%, 3/01/40 | 3,990,000 | 4,743,352 | ||
Series C, Pre-Refunded, 5.00%, 3/01/44 | 2,460,000 | 2,781,694 | ||
| Colorado State Building Excellent Schools Today COP, | ||||
Series G, Pre-Refunded, 5.00%, 3/15/32 | 10,000,000 | 10,625,200 | ||
Series I, 5.00%, 3/15/36 | 3,000,000 | 3,386,820 | ||
Series J, 5.25%, 3/15/42 | 5,000,000 | 5,982,950 | ||
Colorado State COP, UCDHSC Fitzsimons Academic Projects, Refunding, Series A, 5.00%, 11/01/29 | 3,105,000 | 3,512,469 | ||
| Colorado Water Resources and Power Development Authority Water Resources Revenue, | ||||
Donala Water and Sanitation District Project, Series C, 5.00%, 9/01/36 | 1,900,000 | 2,030,264 | ||
Fountain Colorado Electric Water and Wastewater Utility Enterprise Project, Series A, AGMC Insured, 5.00%, 9/01/38 | 1,210,000 | 1,315,197 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Colorado (continued) | ||||
Commerce City Northern Infrastructure General Improvement District GO, Refunding and Improvement, AGMC Insured, 5.00%, 12/01/31 | $2,040,000 | $2,255,587 | ||
Commerce City Sales and Use Tax Revenue, AGMC Insured, 5.00%, 8/01/41 | 4,000,000 | 4,630,040 | ||
| Denver City and County Airport System Revenue, | ||||
Department of Aviation, Refunding, Subordinate, Series B, 5.00%, 11/15/43 | 5,000,000 | 5,589,100 | ||
Department of Aviation, Refunding, Subordinate, Series B, 5.00%, 12/01/48 | 4,440,000 | 5,351,443 | ||
Denver City and County Board of Water Commissioners Water Revenue, Green Bonds, Series A, 5.00%, 9/15/47 | 10,000,000 | 11,999,400 | ||
| Denver City and County Dedicated Tax Revenue, | ||||
Current Interest Bonds, Series A-1, 5.00%, 8/01/48 | 5,000,000 | 5,844,650 | ||
Refunding and Improvement, Series A, 4.00%, 8/01/46 | 3,500,000 | 3,741,745 | ||
Denver City and County School District No. 1 COP, Series C, 5.00%, 12/15/30 | 4,000,000 | 4,529,360 | ||
Denver City and County School District No. 1 GO, 5.00%, 12/01/41 | 12,440,000 | 14,708,932 | ||
Denver Convention Center Hotel Authority Revenue, Senior, Refunding, 5.00%, 12/01/40 | 9,775,000 | 11,165,982 | ||
| Denver Health and Hospital Authority Healthcare Revenue, | ||||
Recovery Zone Facility, 5.50%, 12/01/30 | 1,500,000 | 1,570,275 | ||
Recovery Zone Facility, 5.625%, 12/01/40 | 4,000,000 | 4,170,360 | ||
Series A, 5.25%, 12/01/45 | 9,250,000 | 10,161,495 | ||
Denver Health and Hospital Authority Project COP, 550 Acoma Inc., 5.00%, 12/01/48 | 3,355,000 | 3,830,873 | ||
Denver International Business Center Metropolitan District No. 1 GO, In the City and County of Denver, Series A, 4.00%, 12/01/48 | 350,000 | 353,455 | ||
| E-470 Public Highway Authority Revenue, | ||||
senior bond, Capital Appreciation, Series B, NATL Insured, zero cpn., 9/01/32 | 7,800,000 | 3,834,792 | ||
senior bond, Capital Appreciation, Series B, NATL Insured, zero cpn., 9/01/33 | 3,000,000 | 1,393,470 | ||
senior bond, Capital Appreciation, Series B, NATL Insured, zero cpn., 9/01/34 | 14,075,000 | 6,176,110 | ||
senior bond, Series C, 5.25%, 9/01/25 | 2,500,000 | 2,602,225 | ||
Eagle River Water and Sanitation District Enterprise Wastewater Revenue, 5.00%, 12/01/42 | 3,500,000 | 3,859,905 | ||
Eagle River Water and Sanitation District GO, 5.00%, 12/01/45 | 1,360,000 | 1,593,539 | ||
| Erie Wastewater Enterprise Revenue, | ||||
Series A, Assured Guaranty, Pre-Refunded, 5.00%, 12/01/33 | 2,860,000 | 2,910,965 | ||
Series A, Assured Guaranty, Pre-Refunded, 5.00%, 12/01/37 | 5,120,000 | 5,211,238 | ||
Fort Collins Electric Utility Enterprise Revenue, Series A, 5.00%, 12/01/42 | 13,500,000 | 16,255,080 | ||
Ignacio School District 11JT GO, La Plata and Archuleta Counties, Pre-Refunded, 5.00%, 12/01/31 | 1,215,000 | 1,320,486 | ||
Larimer County School District No. R-1 Poudre GO, 5.00%, 12/15/40 | 5,000,000 | 6,109,450 | ||
Meridian Metropolitan District GO, In Douglas County, Refunding, Series A, 5.00%, 12/01/41 | 5,000,000 | 5,347,100 | ||
Metropolitan State University of Denver Institutional Enterprise Revenue, Aerospace and Engineering Sciences Building Project, 5.00%, 12/01/45 | 4,000,000 | 4,638,760 | ||
| Park 70 Metropolitan District GO, | ||||
City of Aurora, Refunding and Improvement, 5.00%, 12/01/36 | 1,000,000 | 1,105,760 | ||
City of Aurora, Refunding and Improvement, 5.00%, 12/01/46 | 1,500,000 | 1,646,310 | ||
| Park Creek Metropolitan District Revenue, | ||||
Senior Limited Property Tax Supported, Improvement, Assured Guaranty, Pre-Refunded, 6.375%, 12/01/37 | 7,000,000 | 7,170,030 | ||
Senior Limited Property Tax Supported, Refunding, Series A, 5.00%, 12/01/41 | 3,000,000 | 3,373,650 | ||
Senior Limited Property Tax Supported, Refunding, Series A, 5.00%, 12/01/45 | 7,000,000 | 7,809,480 | ||
Senior Limited Property Tax Supported, Refunding, Series A, 5.00%, 12/01/46 | 2,500,000 | 2,826,300 | ||
Senior Limited Property Tax Supported, Refunding, Series A, 5.00%, 12/01/46 | 2,875,000 | 3,337,070 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Colorado (continued) | ||||
| Park Creek Metropolitan District Revenue, (continued) | ||||
Senior Limited Property Tax Supported, Series A, AGMC Insured, Pre-Refunded, 6.00%, 12/01/38 | $2,500,000 | $2,668,025 | ||
Senior Limited Property Tax Supported, Series A, AGMC Insured, Pre-Refunded, 6.125%, 12/01/41 | 2,500,000 | 2,672,625 | ||
Parker Water and Sanitation District Water and Sewer Enterprise Revenue, Douglas County, 5.00%, 11/01/42 | 6,475,000 | 7,708,682 | ||
Platte River Power Authority Power Revenue, Series II, 5.00%, 6/01/37 | 12,000,000 | 13,076,640 | ||
Poudre Tech Metropolitan District Unlimited Property Tax Supported Revenue, Refunding and Improvement, Series A, AGMC Insured, 5.00%, 12/01/39 | 7,435,000 | 7,724,668 | ||
Public Authority for Colorado Energy Natural Gas Purchase Revenue, 6.50%, 11/15/38 | 9,900,000 | 15,084,927 | ||
Pueblo County COP, County Judicial Complex Project, AGMC Insured, 5.00%, 9/15/42 | 10,000,000 | 10,823,100 | ||
| Pueblo Urban Renewal Authority Revenue, | ||||
Refunding and Improvement, Series B, 5.25%, 12/01/28 | 1,000,000 | 1,083,830 | ||
Refunding and Improvement, Series B, 5.50%, 12/01/31 | 1,010,000 | 1,100,789 | ||
Refunding and Improvement, Series B, 5.25%, 12/01/38 | 3,615,000 | 3,910,671 | ||
Regional Transportation District COP, Series A, 5.375%, 6/01/31 | 19,000,000 | 19,664,620 | ||
| Regional Transportation District Sales Tax Revenue, | ||||
FasTracks Project, Series A, 5.00%, 11/01/38 | 10,000,000 | 10,456,600 | ||
FasTracks Project, Series A, 5.00%, 11/01/41 | 10,000,000 | 11,821,200 | ||
FasTracks Project, Series A, 5.00%, 11/01/46 | 11,000,000 | 12,941,060 | ||
South Timnath Metropolitan District No. 2 GO, Limited Tax, Refunding and Improvement, 5.00%, 12/01/42 | 5,690,000 | 6,441,706 | ||
Sterling Hills West Metropolitan District GO, Arapahoe County, Refunding, 5.00%, 12/01/39 | 1,125,000 | 1,273,016 | ||
Thompson Crossing Metropolitan District No. 5 GO, Series B, AGMC Insured, 5.00%, 12/01/46 | 4,500,000 | 5,103,720 | ||
Triview Metropolitan District GO, El Paso County, Pre-Refunded, 5.00%, 11/01/34 | 10,855,000 | 11,011,095 | ||
| University of Colorado Enterprise Revenue, | ||||
Refunding, Series A, 5.00%, 6/01/38 | 5,655,000 | 6,529,489 | ||
Series A, Pre-Refunded, 5.375%, 6/01/38 | 3,000,000 | 3,000,000 | ||
Series B, 5.00%, 6/01/48 | 5,000,000 | 6,053,500 | ||
University of Colorado Hospital Authority Revenue, Refunding, Series A, 6.00%, 11/15/29 | 5,000,000 | 5,099,150 | ||
University of Northern Colorado Greeley Institutional Enterprise Revenue, Refunding, Series A, 5.00%, 6/01/30 | 1,690,000 | 1,796,402 | ||
Weld County School District No. Re-4 GO, 5.25%, 12/01/41 | 5,000,000 | 5,997,400 | ||
Woodmoor Water and Sanitation District No. 1 Enterprise Water and Wastewater Revenue, 5.00%, 12/01/36 | 5,000,000 | 5,374,850 | ||
| 652,072,758 | ||||
| U.S. Territories 2.1% | ||||
| Guam 0.8% | ||||
| Guam Government Limited Obligation Revenue, | ||||
Section 30, Series A, Pre-Refunded, 5.375%, 12/01/24 | 2,000,000 | 2,039,620 | ||
Section 30, Series A, Pre-Refunded, 5.75%, 12/01/34 | 3,565,000 | 3,642,147 | ||
| 5,681,767 | ||||
| Puerto Rico 1.3% | ||||
| b | Puerto Rico Electric Power Authority Power Revenue, Series XX, 5.25%, 7/01/40 | 11,410,000 | 9,156,525 | |
Total U.S. Territories | 14,838,292 | |||
Total Municipal Bonds before Short Term Investments (Cost $631,888,069) | 666,911,050 |
| Principal Amount | Value | |||
| Short Term Investments 4.6% | ||||
| Municipal Bonds 4.6% | ||||
| Colorado 4.6% | ||||
| c | Colorado Educational and Cultural Facilities Authority Revenue, National Jewish Federation Bond Program, Series B-4, LOC Toronto Dominion Bank, Daily VRDN and Put, 2.25%, 12/01/35 | $1,680,000 | $1,680,000 | |
| c | Denver City and County COP, | |||
Wellington E. Webb Municipal Office Building, Refunding, Series A2, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 12/01/29 | 21,980,000 | 21,980,000 | ||
Wellington E. Webb Municipal Office Building, Refunding, Series A3, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 12/01/31 | 8,700,000 | 8,700,000 | ||
Total Short Term Investments (Cost $32,360,000) | 32,360,000 | |||
Total Investments (Cost $664,248,069) 100.1% | 699,271,050 | |||
Other Assets, less Liabilities (0.1)% | (782,995) | |||
Net Assets 100.0% | $698,488,055 |
| aSecurity purchased on a when-issued basis. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.8% | ||||
| Connecticut 98.8% | ||||
| City of Bridgeport GO, | ||||
Series A, 5.00%, 2/15/32 | $2,200,000 | $2,345,376 | ||
Series A, Pre-Refunded, 5.00%, 2/15/32 | 7,800,000 | 8,531,874 | ||
Connecticut State Airport Authority CFC Revenue, Ground Transportation Center Project, Series A, 5.00%, 7/01/49 | 1,400,000 | 1,655,206 | ||
Connecticut State GO, Series A, 5.00%, 2/15/29 | 10,000,000 | 10,024,000 | ||
| Connecticut State Health and Educational Facilities Authority Revenue, | ||||
Ascension Health Senior Credit Group, Series A, 5.00%, 11/15/40 | 18,520,000 | 18,785,021 | ||
Connecticut College Issue, Refunding, Series L-1, 4.00%, 7/01/46 | 5,000,000 | 5,342,200 | ||
Connecticut State University System Issue, Series N, 5.00%, 11/01/29 | 5,060,000 | 5,678,433 | ||
Covenant Home Inc., Series B, 5.00%, 12/01/40 | 4,000,000 | 4,547,160 | ||
Fairfield University Issue, Series Q-1, 5.00%, 7/01/46 | 9,000,000 | 10,354,950 | ||
Fairfield University Issues, New Money, Series O, Pre-Refunded, 5.00%, 7/01/35 | 4,000,000 | 4,153,960 | ||
Fairfield University Issues, New Money, Series O, Pre-Refunded, 5.00%, 7/01/40 | 5,000,000 | 5,192,450 | ||
Hartford Healthcare Issue, Refunding, Series A, 5.00%, 7/01/41 | 12,000,000 | 12,630,240 | ||
Lutheran General Health Care System, ETM, 7.375%, 7/01/19 | 45,000 | 45,198 | ||
Quinnipiac University Issue, Refunding, Series L, 5.00%, 7/01/45 | 8,250,000 | 9,272,175 | ||
Sacred Heart University Issue, Refunding, Series I-1, 5.00%, 7/01/42 | 4,375,000 | 5,092,719 | ||
Sacred Heart University Issue, Series G, Pre-Refunded, 5.375%, 7/01/31 | 1,500,000 | 1,620,225 | ||
Sacred Heart University Issue, Series G, Pre-Refunded, 5.625%, 7/01/41 | 5,500,000 | 5,968,820 | ||
Sacred Heart University Issue, Series H, AGMC Insured, Pre-Refunded, 5.00%, 7/01/27 | 1,190,000 | 1,316,592 | ||
Sacred Heart University Issue, Series H, AGMC Insured, Pre-Refunded, 5.00%, 7/01/28 | 2,290,000 | 2,533,610 | ||
Stamford Hospital Issue, Series I, 5.00%, 7/01/30 | 5,000,000 | 5,146,700 | ||
Stamford Hospital Issue, Series J, 5.00%, 7/01/42 | 5,000,000 | 5,336,700 | ||
Trinity Health Credit Group, Refunding, Series CT, 5.00%, 12/01/41 | 5,000,000 | 5,786,050 | ||
Wesleyan University Issue, Series G, Pre-Refunded, 5.00%, 7/01/39 | 7,000,000 | 7,269,430 | ||
Western Connecticut Health Network Issue, Series M, 5.375%, 7/01/41 | 7,000,000 | 7,413,140 | ||
Yale-New Haven Hospital Issue, Series N, 5.00%, 7/01/48 | 5,000,000 | 5,457,050 | ||
| Connecticut State HFAR, | ||||
State Supported Special Obligation, Series 10, 5.00%, 6/15/28 | 420,000 | 421,008 | ||
State Supported Special Obligation, Series 13, 5.00%, 6/15/40 | 1,500,000 | 1,547,175 | ||
Connecticut State Higher Education Supplemental Loan Authority Revenue, CHESLA Loan Program, Series A, 5.05%, 11/15/27 | 540,000 | 548,262 | ||
Connecticut State Municipal Electric Energy Cooperative Power Supply System Revenue, Refunding, Series A, 5.00%, 1/01/38 | 3,000,000 | 3,307,470 | ||
| Connecticut State Revolving Fund General Revenue, | ||||
Green Bonds, Series A, 5.00%, 3/01/34 | 5,000,000 | 5,839,950 | ||
Green Bonds, Series A, 5.00%, 3/01/35 | 1,000,000 | 1,165,620 | ||
Green Bonds, Series A, 5.00%, 5/01/37 | 3,000,000 | 3,609,120 | ||
| Connecticut State Special Tax Obligation Revenue, | ||||
Transportation Infrastructure Purposes, Series A, 5.00%, 10/01/30 | 5,000,000 | 5,617,600 | ||
Transportation Infrastructure Purposes, Series A, 5.00%, 9/01/33 | 1,000,000 | 1,176,320 | ||
Transportation Infrastructure Purposes, Series A, 5.00%, 1/01/36 | 1,000,000 | 1,189,450 | ||
Connecticut Transmission Municipal Electric Energy Cooperative Transmission System Revenue, Series A, 5.00%, 1/01/42 | 5,000,000 | 5,389,750 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Connecticut (continued) | ||||
| Hartford County Metropolitan District Clean Water Project Revenue, | ||||
Green Bonds, Refunding, Series A, 5.00%, 11/01/42 | $5,000,000 | $5,648,600 | ||
Refunding, Series A, 5.00%, 4/01/36 | 5,000,000 | 5,411,500 | ||
New Britain GO, Series C, AGMC Insured, 5.00%, 3/01/36 | 1,000,000 | 1,167,640 | ||
New Haven GO, Issue of 2002, Series C, NATL Insured, ETM, 5.00%, 11/01/22 | 25,000 | 25,069 | ||
| South Central Regional Water Authority Water System Revenue, | ||||
Refunding, Thirty-Second Series B, 5.00%, 8/01/38 | 1,720,000 | 2,011,970 | ||
Thirtieth Series A, 5.00%, 8/01/39 | 1,500,000 | 1,699,275 | ||
Thirtieth Series A, 5.00%, 8/01/44 | 1,615,000 | 1,824,966 | ||
Stamford Water Pollution Control System and Facility Revenue, Refunding, Series A, 5.25%, 8/15/43 | 1,000,000 | 1,137,490 | ||
Stratford GO, Refunding, 5.00%, 7/01/33 | 1,000,000 | 1,160,880 | ||
| University of Connecticut GO, | ||||
Series A, 5.00%, 8/15/28 | 6,590,000 | 7,395,760 | ||
Series A, 5.00%, 2/15/31 | 2,000,000 | 2,250,960 | ||
Series A, 5.00%, 1/15/37 | 4,000,000 | 4,696,720 | ||
Total Municipal Bonds before Short Term Investments (Cost $205,724,193) | 215,741,834 | |||
| Short Term Investments 0.1% | ||||
| Municipal Bonds 0.1% | ||||
| Connecticut 0.1% | ||||
| a | Connecticut State Health and Educational Facilities Authority Revenue, | |||
Yale University Issue, Series V-1, Daily VRDN and Put, 1.95%, 7/01/36 | 100,000 | 100,000 | ||
Yale University Issue, Series V-2, Daily VRDN and Put, 2.05%, 7/01/36 | 160,000 | 160,000 | ||
Total Short Term Investments (Cost $260,000) | 260,000 | |||
Total Investments (Cost $205,984,193) 98.9% | 216,001,834 | |||
Other Assets, less Liabilities 1.1% | 2,396,086 | |||
Net Assets 100.0% | $218,397,920 |
| aVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 96.9% | ||||
| Alabama 2.1% | ||||
Alabama State Public School and College Authority Revenue, Capital Improvement, Refunding, Series B, 5.00%, 1/01/27 | $25,000,000 | $29,126,500 | ||
| Chatom IDB Gulf Opportunity Zone Revenue, | ||||
PowerSouth Energy Cooperative, Refunding, Series A, Assured Guaranty, 5.00%, 8/01/20 | 3,535,000 | 3,673,572 | ||
PowerSouth Energy Cooperative, Refunding, Series A, Assured Guaranty, 5.00%, 8/01/21 | 3,535,000 | 3,669,754 | ||
PowerSouth Energy Cooperative, Refunding, Series A, Assured Guaranty, 5.00%, 8/01/22 | 3,535,000 | 3,668,941 | ||
| Infirmary Health System Special Care Facilities Financing Authority of Mobile Revenue, | ||||
Infirmary Health System Inc., Series A, 5.00%, 2/01/27 | 4,920,000 | 5,728,405 | ||
Infirmary Health System Inc., Series A, 5.00%, 2/01/28 | 5,000,000 | 5,805,150 | ||
| Shelby County Board of Education Revenue, | ||||
Capital Outlay School wts., 5.00%, 2/01/22 | 5,250,000 | 5,557,230 | ||
Capital Outlay School wts., 5.00%, 2/01/23 | 5,520,000 | 5,840,215 | ||
Capital Outlay School wts., 5.00%, 2/01/24 | 5,055,000 | 5,345,663 | ||
Capital Outlay School wts., 5.00%, 2/01/25 | 5,920,000 | 6,256,434 | ||
| 74,671,864 | ||||
| Alaska 0.1% | ||||
Matanuska-Susitna Borough Lease Revenue, Goose Creek Correctional Center Project, Assured Guaranty, 5.00%, 9/01/19 | 3,650,000 | 3,681,025 | ||
| Arizona 5.1% | ||||
Arizona Health Facilities Authority Hospital Revenue, Phoenix Children’s Hospital, Refunding, Series A, 5.00%, 2/01/27 | 6,000,000 | 6,516,960 | ||
Arizona School Facilities Board COP, Refunding, Series A-3, AGMC Insured, 5.00%, 9/01/19 | 16,185,000 | 16,325,810 | ||
| Arizona State COP, | ||||
Department of Administration, Series A, AGMC Insured, 5.00%, 10/01/19 | 5,650,000 | 5,715,766 | ||
Department of Administration, Series A, AGMC Insured, 5.25%, 10/01/21 | 10,000,000 | 10,124,100 | ||
Department of Administration, Series A, AGMC Insured, 5.25%, 10/01/22 | 40,910,000 | 41,417,693 | ||
Department of Administration, Series B, AGMC Insured, 5.00%, 10/01/20 | 14,860,000 | 15,294,506 | ||
| Arizona Transportation Board Highway Revenue, | ||||
Refunding, 5.00%, 7/01/29 | 10,920,000 | 12,703,018 | ||
Subordinated, Refunding, Series A, 5.00%, 7/01/24 | 5,000,000 | 5,367,900 | ||
Subordinated, Refunding, Series A, 5.00%, 7/01/25 | 5,000,000 | 5,366,850 | ||
| Maricopa County IDA Hospital Revenue, | ||||
HonorHealth, Refunding, Series A, 5.00%, 9/01/30 | 850,000 | 1,036,371 | ||
HonorHealth, Refunding, Series A, 5.00%, 9/01/31 | 1,000,000 | 1,208,780 | ||
HonorHealth, Refunding, Series A, 5.00%, 9/01/32 | 1,000,000 | 1,202,780 | ||
HonorHealth, Refunding, Series A, 5.00%, 9/01/33 | 800,000 | 959,824 | ||
Mesa Utility Systems Revenue, Refunding, 5.00%, 7/01/29 | 2,500,000 | 3,039,550 | ||
| Phoenix Civic Improvement Corp. Airport Revenue, | ||||
junior lien, Refunding, Series D, 5.00%, 7/01/30 | 10,000,000 | 12,291,100 | ||
junior lien, Series A, 5.00%, 7/01/19 | 1,900,000 | 1,905,092 | ||
junior lien, Series A, 5.00%, 7/01/20 | 1,300,000 | 1,349,465 | ||
junior lien, Series A, Pre-Refunded, 5.00%, 7/01/21 | 4,200,000 | 4,359,348 | ||
| Pima County Regional Transportation Authority Excise Tax Revenue, | ||||
Pima County Regional Transportation Fund, 5.00%, 6/01/24 | 3,385,000 | 3,843,904 | ||
Pima County Regional Transportation Fund, 5.00%, 6/01/26 | 7,180,000 | 8,126,611 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Arizona (continued) | ||||
| Pima County Sewer System Revenue, | ||||
Series B, Pre-Refunded, 5.00%, 7/01/24 | $6,030,000 | $6,467,235 | ||
Series B, Pre-Refunded, 5.00%, 7/01/25 | 4,500,000 | 4,826,295 | ||
| Scottsdale Municipal Property Corp. Excise Tax Revenue, | ||||
Refunding, 5.00%, 7/01/26 | 2,580,000 | 3,105,185 | ||
Refunding, 5.00%, 7/01/27 | 2,000,000 | 2,398,260 | ||
Refunding, 5.00%, 7/01/28 | 3,325,000 | 3,969,718 | ||
University Medical Center Corp. Hospital Revenue, Tucson, Pre-Refunded, 6.00%, 7/01/24 | 2,000,000 | 2,006,840 | ||
| 180,928,961 | ||||
| Arkansas 0.2% | ||||
Fort Smith Sales and Use Tax Revenue, Refunding and Improvement, 5.00%, 5/01/23 | 5,000,000 | 5,487,200 | ||
| California 10.2% | ||||
| Bay Area Toll Authority Toll Bridge Revenue, | ||||
San Francisco Bay Area, Subordinate, Refunding, Series S-7, 4.00%, 4/01/31 | 7,000,000 | 8,078,000 | ||
San Francisco Bay Area, Subordinate, Refunding, Series S-7, 4.00%, 4/01/33 | 5,000,000 | 5,659,450 | ||
| California Health Facilities Financing Authority Revenue, | ||||
Sutter Health, Series B, Pre-Refunded, 5.00%, 8/15/22 | 4,000,000 | 4,175,160 | ||
Sutter Health, Series B, Pre-Refunded, 5.25%, 8/15/23 | 13,000,000 | 13,607,750 | ||
| California State GO, | ||||
Various Purpose, 5.25%, 10/01/23 | 25,050,000 | 27,343,077 | ||
Various Purpose, 5.25%, 10/01/24 | 9,780,000 | 10,672,914 | ||
Various Purpose, 5.25%, 10/01/25 | 5,000,000 | 5,455,300 | ||
Various Purpose, Refunding, 5.25%, 9/01/25 | 15,000,000 | 16,317,900 | ||
Various Purpose, Refunding, 5.00%, 10/01/25 | 15,000,000 | 17,036,550 | ||
Various Purpose, Refunding, 5.00%, 8/01/30 | 25,000,000 | 30,576,000 | ||
Various Purpose, Refunding, 5.00%, 8/01/30 | 10,000,000 | 11,943,000 | ||
| California State Public Works Board Lease Revenue, | ||||
Various Capital Projects, Series A, 5.00%, 10/01/20 | 2,000,000 | 2,096,320 | ||
Various Capital Projects, Series A, 5.25%, 10/01/22 | 3,300,000 | 3,593,337 | ||
Various Capital Projects, Series A, 5.25%, 10/01/23 | 5,365,000 | 5,837,978 | ||
Various Capital Projects, Series A, 5.25%, 10/01/24 | 3,000,000 | 3,263,760 | ||
Various Capital Projects, Series A, 5.25%, 10/01/25 | 3,000,000 | 3,263,040 | ||
Various Capital Projects, Series G, Subseries G-1, ETM, 5.25%, 10/01/19 | 10,000,000 | 10,130,800 | ||
Various Capital Projects, Series G, Subseries G-1, Pre-Refunded, 5.00%, 10/01/21 | 15,055,000 | 15,239,725 | ||
Various Capital Projects, Series I, Pre-Refunded, 5.25%, 11/01/20 | 5,000,000 | 5,082,150 | ||
| California Statewide CDA Revenue, | ||||
Enloe Medical Center, Series A, California Mortgage Insured, 5.25%, 8/15/19 | 1,990,000 | 2,009,860 | ||
Enloe Medical Center, Series A, California Mortgage Insured, 5.375%, 8/15/20 | 1,650,000 | 1,655,396 | ||
Sutter Health, Series A, Pre-Refunded, 5.25%, 8/15/24 | 4,000,000 | 4,187,000 | ||
| El Dorado Irrigation District COP, | ||||
Series A, Assured Guaranty, Pre-Refunded, 5.00%, 8/01/22 | 2,610,000 | 2,625,582 | ||
Series A, Assured Guaranty, Pre-Refunded, 5.25%, 8/01/23 | 2,860,000 | 2,878,218 | ||
| Livermore-Amador Valley Water Management Agency Sewer Revenue, | ||||
Refunding, 5.00%, 8/01/24 | 5,660,000 | 6,105,385 | ||
Refunding, 5.00%, 8/01/25 | 4,765,000 | 5,138,862 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| California (continued) | ||||
| Los Angeles Department of Water and Power Revenue, | ||||
Power System, Refunding, Series A, 5.00%, 7/01/26 | $11,025,000 | $12,465,416 | ||
Power System, Refunding, Series B, 5.00%, 7/01/31 | 8,220,000 | 10,191,567 | ||
Power System, Series B, 5.25%, 7/01/24 | 16,870,000 | 16,920,273 | ||
Power System, Series B, Pre-Refunded, 5.25%, 7/01/24 | 130,000 | 130,382 | ||
Power System, Series C, 5.00%, 7/01/32 | 4,615,000 | 5,763,904 | ||
Power System, Series C, 5.00%, 7/01/33 | 3,960,000 | 4,925,290 | ||
Power System, Series C, 5.00%, 7/01/34 | 4,080,000 | 5,056,548 | ||
| Los Angeles USD, | ||||
GO, Election of 2005, Series F, 5.00%, 7/01/22 | 5,675,000 | 5,690,833 | ||
GO, Election of 2008, Series B-1, 5.00%, 7/01/32 | 8,000,000 | 9,918,800 | ||
| Orange County Airport Revenue, | ||||
Series B, 5.00%, 7/01/20 | 3,465,000 | 3,474,667 | ||
Series B, 5.00%, 7/01/21 | 7,545,000 | 7,566,051 | ||
| Riverside Sewer Revenue, | ||||
Refunding, Series A, 5.00%, 8/01/34 | 10,605,000 | 12,537,019 | ||
Refunding, Series A, 5.00%, 8/01/35 | 11,000,000 | 12,958,000 | ||
San Diego Community College District GO, Refunding, 5.00%, 8/01/25 | 21,370,000 | 23,890,592 | ||
| San Francisco City and County COP, | ||||
Multiple Capital Improvement Projects, Series A, 5.00%, 4/01/25 | 4,000,000 | 4,011,240 | ||
Multiple Capital Improvement Projects, Series A, 5.25%, 4/01/26 | 2,500,000 | 2,507,450 | ||
| 361,980,546 | ||||
| Colorado 1.0% | ||||
| Denver City and County Airport System Revenue, | ||||
Department of Aviation, Refunding, Subordinate, Series B, 5.25%, 11/15/26 | 5,000,000 | 5,786,450 | ||
Department of Aviation, Refunding, Subordinate, Series B, 5.25%, 11/15/27 | 4,250,000 | 4,906,625 | ||
Denver City and County Excise Tax Revenue, Series A, AGMC Insured, ETM, 5.00%, 9/01/20 | 10,090,000 | 10,537,895 | ||
Regional Transportation District COP, Refunding, Series A, 5.00%, 6/01/26 | 14,000,000 | 15,764,700 | ||
| 36,995,670 | ||||
| Connecticut 1.5% | ||||
| Connecticut State GO, | ||||
Series E, 5.00%, 8/15/25 | 11,295,000 | 12,799,268 | ||
Series E, 5.00%, 8/15/26 | 18,585,000 | 21,027,069 | ||
Connecticut State Special Tax Obligation Revenue, Transportation Infrastructure Purposes, Series A, 5.00%, 1/01/28 | 10,000,000 | 11,115,200 | ||
| University of Connecticut GO, | ||||
Series A, 5.00%, 3/15/30 | 3,075,000 | 3,636,310 | ||
Series A, 5.00%, 3/15/31 | 5,025,000 | 5,913,169 | ||
| 54,491,016 | ||||
| District of Columbia 0.4% | ||||
| Washington Metropolitan Area Transit Authority Gross Revenue, | ||||
Series B, 5.00%, 7/01/31 | 5,000,000 | 6,129,100 | ||
Series B, 5.00%, 7/01/32 | 5,750,000 | 7,026,040 | ||
| 13,155,140 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Florida 7.0% | ||||
| Broward County Water and Sewer Utility Revenue, | ||||
Refunding, Series B, 5.00%, 10/01/24 | $6,000,000 | $6,675,060 | ||
Refunding, Series B, 5.00%, 10/01/25 | 6,325,000 | 7,034,412 | ||
Clearwater City Water and Sewer Revenue, Refunding, 5.00%, 12/01/33 | 5,520,000 | 6,627,919 | ||
| Florida State Board of Education GO, | ||||
Full Faith and Credit, Public Education Capital Outlay, Refunding, Series C, 4.00%, 6/01/32 | 12,855,000 | 14,698,664 | ||
Full Faith and Credit, Public Education Capital Outlay, Refunding, Series C, 4.00%, 6/01/33 | 5,000,000 | 5,693,450 | ||
Full Faith and Credit, Public Education Capital Outlay, Refunding, Series E, 4.00%, 6/01/33 | 11,855,000 | 13,162,488 | ||
Gainesville Utilities System Revenue, Series A, 5.00%, 10/01/30 | 1,500,000 | 1,861,215 | ||
Jacksonville Sales Tax Revenue, Better Jacksonville, Refunding, Series A, 5.00%, 10/01/28 | 6,000,000 | 6,609,960 | ||
| JEA Water and Sewer System Revenue, | ||||
Refunding, Series A, 5.00%, 10/01/26 | 1,455,000 | 1,683,959 | ||
Refunding, Series A, 5.00%, 10/01/27 | 5,130,000 | 5,926,945 | ||
Refunding, Series A, 5.00%, 10/01/31 | 17,435,000 | 21,079,438 | ||
Series A, 5.00%, 10/01/29 | 1,205,000 | 1,385,630 | ||
Series A, Pre-Refunded, 5.00%, 10/01/26 | 1,530,000 | 1,777,554 | ||
Series A, Pre-Refunded, 5.00%, 10/01/27 | 5,375,000 | 6,244,675 | ||
Series A, Pre-Refunded, 5.00%, 10/01/29 | 1,265,000 | 1,469,677 | ||
Lee Memorial Health System Hospital Revenue, Refunding, Series A-1, 4.00%, 4/01/37 | 5,000,000 | 5,473,600 | ||
Leon County School District Sales Tax Revenue, 5.00%, 9/01/25 | 6,040,000 | 6,891,700 | ||
| Miami-Dade County Aviation Revenue, | ||||
Miami International Airport, Refunding, Series A, 4.50%, 10/01/19 | 4,805,000 | 4,852,377 | ||
Miami International Airport, Refunding, Series A, 5.00%, 10/01/21 | 5,000,000 | 5,239,250 | ||
Miami International Airport, Refunding, Series A, 5.00%, 10/01/22 | 5,890,000 | 6,171,012 | ||
Miami International Airport, Refunding, Series A, 5.25%, 10/01/23 | 4,875,000 | 5,127,525 | ||
| Miami-Dade County Transit System Sales Surtax Revenue, | ||||
5.00%, 7/01/24 | 2,250,000 | 2,475,608 | ||
5.00%, 7/01/25 | 3,000,000 | 3,297,030 | ||
5.00%, 7/01/26 | 4,000,000 | 4,393,520 | ||
5.00%, 7/01/27 | 4,000,000 | 4,388,480 | ||
Refunding, 4.00%, 7/01/35 | 13,890,000 | 15,791,541 | ||
Miami-Dade County Water and Sewer System Revenue, Refunding, Series B, 5.00%, 10/01/27 | 15,000,000 | 17,020,050 | ||
| Orange County Health Facilities Authority Revenue, | ||||
Hospital, Orlando Health Obligated Group, Refunding, Series A, 5.00%, 10/01/28 | 1,000,000 | 1,202,410 | ||
Hospital, Orlando Health Obligated Group, Refunding, Series A, 5.00%, 10/01/30 | 2,875,000 | 3,420,301 | ||
| Orlando Utilities Commission Utility System Revenue, | ||||
Refunding, Series A, 5.00%, 10/01/24 | 2,405,000 | 2,839,175 | ||
Refunding, Series A, 5.00%, 10/01/25 | 2,000,000 | 2,423,100 | ||
Series A, 5.00%, 10/01/33 | 1,755,000 | 2,153,420 | ||
Orlando-Orange County Expressway Authority Revenue, Refunding, Series B, AGMC Insured, 5.00%, 7/01/24 | 14,650,000 | 16,601,087 | ||
Palm Beach County School Board COP, Master Lease Purchase Agreement, Refunding, Series B, 5.00%, 8/01/25 | 4,000,000 | 4,795,320 | ||
Palm Beach County Solid Waste Authority Revenue, Refunding, 5.00%, 10/01/23 | 17,290,000 | 18,699,308 | ||
Palm Beach County Water and Sewer Revenue, Refunding, 5.00%, 10/01/28 | 1,240,000 | 1,419,800 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Florida (continued) | ||||
| Port St. Lucie Utility System Revenue, | ||||
Refunding, 4.00%, 9/01/30 | $1,500,000 | $1,676,955 | ||
Refunding, 4.00%, 9/01/31 | 1,635,000 | 1,819,379 | ||
South Miami Health Facilities Authority Hospital Revenue, Baptist Health South Florida Obligated Group, Refunding, 4.00%, 8/15/33 | 6,000,000 | 6,608,820 | ||
Tohopekaliga Water Authority Utility System Revenue, Refunding, 4.00%, 10/01/32 | 2,855,000 | 3,184,724 | ||
| 249,896,538 | ||||
| Georgia 2.4% | ||||
| Atlanta Airport Passenger Facility Charge Revenue, | ||||
General, sub. lien, Refunding, Series A, 5.00%, 1/01/27 | 7,000,000 | 8,047,480 | ||
General, sub. lien, Refunding, Series A, 5.00%, 1/01/28 | 5,100,000 | 5,853,423 | ||
| Atlanta Water and Wastewater Revenue, | ||||
Refunding, 5.00%, 11/01/26 | 5,165,000 | 6,183,538 | ||
Refunding, Series B, AGMC Insured, 5.00%, 11/01/20 | 2,875,000 | 2,917,291 | ||
Refunding, Series B, AGMC Insured, 5.00%, 11/01/21 | 3,100,000 | 3,143,958 | ||
Refunding, Series C, 5.00%, 11/01/33 | 6,750,000 | 8,299,867 | ||
Refunding, Series C, 5.00%, 11/01/34 | 3,000,000 | 3,675,870 | ||
Series B, AGMC Insured, Pre-Refunded, 5.00%, 11/01/20 | 5,700,000 | 5,783,163 | ||
Series B, AGMC Insured, Pre-Refunded, 5.00%, 11/01/21 | 6,130,000 | 6,219,437 | ||
| Fulton County Development Authority Revenue, | ||||
Spelman College, Refunding, 5.00%, 6/01/28 | 3,785,000 | 4,434,771 | ||
Spelman College, Refunding, 5.00%, 6/01/29 | 4,385,000 | 5,127,951 | ||
Spelman College, Refunding, 5.00%, 6/01/30 | 4,805,000 | 5,613,345 | ||
| Gainesville and Hall County Hospital Authority Revenue, | ||||
Anticipation Certificates, Northeast Georgia Health System Inc. Project, Refunding, Series A, 5.00%, 2/15/27 | 1,750,000 | 2,108,365 | ||
Anticipation Certificates, Northeast Georgia Health System Inc. Project, Refunding, Series A, 5.00%, 2/15/28 | 2,100,000 | 2,518,635 | ||
Anticipation Certificates, Northeast Georgia Health System Inc. Project, Refunding, Series A, 5.00%, 2/15/29 | 2,000,000 | 2,393,900 | ||
Anticipation Certificates, Northeast Georgia Health System Inc. Project, Refunding, Series A, 5.00%, 2/15/30 | 1,000,000 | 1,189,420 | ||
Georgia Municipal Electric Authority Revenue, Project One, Subordinated, Series B, 5.00%, 1/01/20 | 10,000,000 | 10,183,300 | ||
| 83,693,714 | ||||
| Hawaii 0.8% | ||||
Hawaii State GO, Series EO, 5.00%, 8/01/28 | 25,000,000 | 29,191,250 | ||
| Illinois 1.5% | ||||
Chicago O’Hare International Airport Revenue, General Airport, third lien, Series C, Assured Guaranty, 5.25%, 1/01/22 | 5,215,000 | 5,330,460 | ||
Chicago Transit Authority Capital Grant Receipts Revenue, Federal Transit Administration Section 5307, Refunding, AGMC Insured, 5.25%, 6/01/25 | 6,125,000 | 6,512,957 | ||
Cook County GO, Refunding, Series A, MAC Insured, 5.25%, 11/15/22 | 12,395,000 | 13,520,466 | ||
Illinois State Finance Authority Revenue, Northwestern University, 5.00%, 12/01/28 | 1,675,000 | 2,159,846 | ||
| Illinois State GO, | ||||
MAC Insured, 5.00%, 2/01/26 | 5,650,000 | 6,310,485 | ||
Series A, AGMC Insured, 5.00%, 4/01/25 | 18,000,000 | 19,784,160 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Illinois (continued) | ||||
Metropolitan Pier and Exposition Authority Revenue, McCormick Place Expansion Project, Series B, Pre-Refunded, 5.00%, 6/15/23 | $600,000 | $661,050 | ||
| 54,279,424 | ||||
| Indiana 0.3% | ||||
Indiana Finance Authority Revenue, State Revolving Fund Program, Green Bonds, Series A, 5.00%, 2/01/35 | 9,795,000 | 12,042,757 | ||
| Kansas 0.3% | ||||
Kansas State Department of Transportation Highway Revenue, Refunding, Series A, 5.00%, 9/01/28 | 8,000,000 | 9,372,240 | ||
| Kentucky 1.1% | ||||
Kentucky Asset/Liability Commission Agency Fund Revenue, Project Notes, Federal Highway Trust, First Series A, 5.00%, 9/01/20 | 6,000,000 | 6,253,440 | ||
Kentucky State Property and Buildings Commission Revenue, Project No. 119, BAM Insured, 5.00%, 5/01/32 | 2,000,000 | 2,421,640 | ||
| Kentucky State Turnpike Authority Economic Development Road Revenue, | ||||
Revitalization Projects, Refunding, Series B, 5.00%, 7/01/26 | 2,570,000 | 3,092,558 | ||
Revitalization Projects, Refunding, Series B, 5.00%, 7/01/28 | 3,000,000 | 3,659,520 | ||
Revitalization Projects, Series A, Pre-Refunded, 5.00%, 7/01/22 | 1,000,000 | 1,002,640 | ||
Louisville and Jefferson County Metropolitan Sewer District Revenue, Sewer and Drainage System, Refunding, Series A, 5.00%, 5/15/24 | 7,000,000 | 7,591,010 | ||
| Paducah Electric Plant Board Revenue, | ||||
Refunding, Series A, AGMC Insured, 5.00%, 10/01/29 | 5,500,000 | 6,554,295 | ||
Refunding, Series A, AGMC Insured, 5.00%, 10/01/31 | 5,500,000 | 6,469,650 | ||
| 37,044,753 | ||||
| Louisiana 1.6% | ||||
Jefferson Sales Tax District Special Sales Tax Revenue, Parish of Jefferson, Refunding, Series B, Assured Guaranty, 5.00%, 12/01/21 | 15,000,000 | 15,253,950 | ||
| Lafayette Communications System Revenue, | ||||
Refunding, AGMC Insured, 5.00%, 11/01/25 | 2,400,000 | 2,873,040 | ||
Refunding, AGMC Insured, 5.00%, 11/01/27 | 3,500,000 | 4,140,430 | ||
Refunding, AGMC Insured, 5.00%, 11/01/29 | 4,685,000 | 5,497,426 | ||
| Louisiana Public Facilities Authority Revenue, | ||||
Ochsner Clinic Foundation Project, Pre-Refunded, 5.00%, 5/15/29 | 10,000 | 12,190 | ||
Ochsner Clinic Foundation Project, Pre-Refunded, 5.00%, 5/15/30 | 5,000 | 6,095 | ||
Ochsner Clinic Foundation Project, Pre-Refunded, 5.00%, 5/15/32 | 15,000 | 18,285 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/28 | 1,000,000 | 1,205,130 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/29 | 2,000,000 | 2,394,460 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/29 | 1,240,000 | 1,460,509 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/30 | 2,250,000 | 2,674,125 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/30 | 995,000 | 1,164,329 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/31 | 1,745,000 | 2,059,746 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/32 | 1,750,000 | 2,056,163 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/32 | 1,485,000 | 1,720,031 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/33 | 2,000,000 | 2,340,480 | ||
Louisiana State GO, Refunding, Series C, 5.00%, 8/01/25 | 10,000,000 | 11,635,400 | ||
| 56,511,789 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Maryland 2.3% | ||||
Anne Arundel County GO, Consolidated General Improvements, Refunding, 5.00%, 4/01/29 | $7,495,000 | $8,882,324 | ||
| Baltimore Revenue, | ||||
Mayor and City Council of Baltimore, Wastewater Projects, Refunding, Series C, 5.00%, 7/01/30 | 6,450,000 | 7,893,639 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Refunding, Series C, 5.00%, 7/01/32 | 5,905,000 | 7,144,873 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Refunding, Series D, 5.00%, 7/01/28 | 2,790,000 | 3,290,080 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Refunding, Series D, 5.00%, 7/01/29 | 5,835,000 | 6,870,596 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Subordinate, Series A, 5.00%, 7/01/29 | 1,000,000 | 1,225,320 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Subordinate, Series A, 5.00%, 7/01/30 | 2,940,000 | 3,581,773 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Subordinate, Series A, 5.00%, 7/01/31 | 2,085,000 | 2,527,145 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Subordinate, Series A, 5.00%, 7/01/32 | 3,240,000 | 3,915,248 | ||
Mayor and City Council of Baltimore, Water Projects, Subordinate, Series A, 5.00%, 7/01/29 | 1,320,000 | 1,609,067 | ||
Mayor and City Council of Baltimore, Water Projects, Subordinate, Series A, 5.00%, 7/01/30 | 1,785,000 | 2,162,046 | ||
Mayor and City Council of Baltimore, Water Projects, Subordinate, Series A, 5.00%, 7/01/31 | 3,765,000 | 4,528,165 | ||
Mayor and City Council of Baltimore, Water Projects, Subordinate, Series A, 5.00%, 7/01/32 | 4,000,000 | 4,796,360 | ||
| a | Maryland State Community Development Administration Department of Housing and CDR, Residential, Series B, 3.00%, 9/01/34 | 5,000,000 | 5,040,350 | |
| Maryland State Health and Higher Educational Facilities Authority Revenue, | ||||
University of Maryland Medical System Issue, Refunding, Series B, 5.00%, 7/01/30 | 8,520,000 | 10,302,043 | ||
University of Maryland Medical System Issue, Refunding, Series B, 5.00%, 7/01/31 | 7,415,000 | 8,887,322 | ||
| 82,656,351 | ||||
| Massachusetts 3.3% | ||||
Massachusetts State Department of Transportation Metropolitan Highway System Revenue, Commonwealth Contract Assistance Secured, Subordinated, Series B, 5.00%, 1/01/20 | 5,000,000 | 5,105,000 | ||
| Massachusetts State GO, | ||||
Refunding, Series A, 5.00%, 7/01/28 | 7,500,000 | 8,978,250 | ||
Refunding, Series A, 5.00%, 7/01/29 | 6,000,000 | 7,151,880 | ||
| Massachusetts State School Building Authority Dedicated Sales Tax Revenue, | ||||
Senior, Refunding, Series A, 5.00%, 8/15/25 | 10,975,000 | 12,197,066 | ||
Senior, Refunding, Series A, 5.00%, 8/15/26 | 7,000,000 | 7,770,140 | ||
Senior, Refunding, Series B, 5.00%, 8/15/27 | 6,000,000 | 6,650,160 | ||
| Massachusetts State Water Pollution Abatement Trust Revenue, | ||||
State Revolving Fund, Refunding, 5.00%, 8/01/26 | 10,650,000 | 13,205,681 | ||
State Revolving Fund, Series 17, Sub Series 17A, 5.00%, 2/01/24 | 9,380,000 | 10,600,432 | ||
State Revolving Fund, Series 17, Sub Series 17A, 5.00%, 2/01/25 | 9,750,000 | 11,003,655 | ||
Massachusetts Water Resources Authority Revenue, General, Green Bonds, Refunding, Series C, 5.00%, 8/01/32 | 13,920,000 | 17,175,888 | ||
| University of Massachusetts Building Authority Revenue, | ||||
Refunding, Senior Series 3, 5.00%, 11/01/31 | 10,035,000 | 12,443,500 | ||
Senior Series 3, 5.00%, 11/01/32 | 5,000,000 | 6,172,000 | ||
| 118,453,652 | ||||
| Michigan 1.7% | ||||
| Lansing School District GO, | ||||
Counties of Ingham, Eaton and Clinton, School Building and Site, Series I, 5.00%, 5/01/30 | 1,860,000 | 2,219,854 | ||
Counties of Ingham, Eaton and Clinton, School Building and Site, Series I, 5.00%, 5/01/31 | 2,010,000 | 2,384,182 | ||
Counties of Ingham, Eaton and Clinton, School Building and Site, Series I, 5.00%, 5/01/32 | 2,310,000 | 2,728,618 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| Michigan Finance Authority Revenue, | ||||
Hospital, Trinity Health Credit Group, Refunding, Series MI, 5.00%, 12/01/34 | $8,200,000 | $9,656,566 | ||
State Revolving Fund, Clean Water, Pre-Refunded, 5.00%, 10/01/24 | 5,000,000 | 5,574,050 | ||
State Revolving Fund, Clean Water, Subordinate, Refunding, 5.00%, 10/01/24 | 7,000,000 | 7,806,890 | ||
| Michigan State Hospital Finance Authority Revenue, | ||||
Ascension Health Credit Group, Series B-3, 4.00%, 11/15/31 | 5,100,000 | 5,731,635 | ||
Trinity Health Credit Group, Refunding, Series C, 5.00%, 12/01/31 | 2,700,000 | 3,298,590 | ||
Trinity Health Credit Group, Refunding, Series C, 5.00%, 12/01/32 | 1,250,000 | 1,520,237 | ||
Trinity Health Credit Group, Refunding, Series MI, 5.00%, 12/01/24 | 8,000,000 | 8,764,240 | ||
| Wayne State University Revenue, | ||||
General, Refunding, Series A, 5.00%, 11/15/19 | 3,905,000 | 3,967,246 | ||
General, Refunding, Series A, 5.00%, 11/15/20 | 3,935,000 | 3,995,953 | ||
General, Series A, ETM, 5.00%, 11/15/19 | 1,305,000 | 1,325,567 | ||
General, Series A, Pre-Refunded, 5.00%, 11/15/20 | 1,320,000 | 1,340,803 | ||
| 60,314,431 | ||||
| Minnesota 0.4% | ||||
| Minnesota Agricultural and Economic Development Board Revenue, | ||||
Health Care Facilities, Essentia Health Obligated Group, Series C-1, Assured Guaranty, 5.00%, 2/15/21 | 4,165,000 | 4,265,918 | ||
Health Care Facilities, Essentia Health Obligated Group, Series C-1, Assured Guaranty, 5.00%, 2/15/22 | 5,570,000 | 5,706,966 | ||
Health Care Facilities, Essentia Health Obligated Group, Series C-1, Assured Guaranty, 5.25%, 2/15/23 | 5,000,000 | 5,136,900 | ||
| 15,109,784 | ||||
| Missouri 0.8% | ||||
Missouri State Health and Educational Facilities Authority Health Facilities Revenue, Mercy Health, Refunding, Series A, 5.00%, 6/01/31 | 12,500,000 | 15,582,500 | ||
| Missouri State Joint Municipal Electric Utility Commission Power Project Revenue, | ||||
Plum Point Project, Refunding, Series A, 5.00%, 1/01/27 | 3,250,000 | 3,801,558 | ||
Plum Point Project, Refunding, Series A, 5.00%, 1/01/28 | 4,500,000 | 5,250,960 | ||
Plum Point Project, Refunding, Series A, 5.00%, 1/01/29 | 4,045,000 | 4,704,456 | ||
| 29,339,474 | ||||
| Nevada 1.3% | ||||
| Clark County Airport System Revenue, | ||||
sub. lien, Series C, AGMC Insured, 5.00%, 7/01/22 | 5,000,000 | 5,013,950 | ||
sub. lien, Series C, AGMC Insured, 5.00%, 7/01/23 | 15,000,000 | 15,041,100 | ||
Clark County School District GO, Refunding, Series A, NATL Insured, 4.50%, 6/15/19 | 4,600,000 | 4,604,324 | ||
| Clark County Water Reclamation District GO, | ||||
Series A, Pre-Refunded, 5.25%, 7/01/21 | 3,435,000 | 3,444,962 | ||
Series A, Pre-Refunded, 5.25%, 7/01/22 | 3,120,000 | 3,129,048 | ||
Series B, Pre-Refunded, 5.25%, 7/01/21 | 3,430,000 | 3,439,947 | ||
Series B, Pre-Refunded, 5.25%, 7/01/22 | 3,615,000 | 3,625,483 | ||
Washoe County School District GO, Refunding, Series A, 5.00%, 6/01/25 | 6,130,000 | 6,736,318 | ||
| 45,035,132 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| New Hampshire 0.2% | ||||
Manchester GARB, Series A, AGMC Insured, 5.00%, 1/01/25 | $7,930,000 | $8,539,500 | ||
| New Jersey 6.0% | ||||
| Hudson County Improvement Authority Facility Lease Revenue, | ||||
Hudson County Lease Project, Refunding, AGMC Insured, 5.375%, 10/01/22 | 5,220,000 | 5,866,915 | ||
Hudson County Lease Project, Refunding, AGMC Insured, 5.375%, 10/01/23 | 5,375,000 | 6,231,076 | ||
Hudson County Lease Project, Refunding, AGMC Insured, 5.375%, 10/01/24 | 2,050,000 | 2,447,720 | ||
| New Jersey EDA Revenue, | ||||
School Facilities Construction, Refunding, Series EE, 5.25%, 9/01/24 | 12,210,000 | 12,878,620 | ||
School Facilities Construction, Series AAA, 5.00%, 6/15/34 | 5,000,000 | 5,662,450 | ||
| New Jersey Health Care Facilities Financing Authority Revenue, | ||||
Barnabas Health Issue, Series A, ETM, 5.00%, 7/01/20 | 10,000,000 | 10,373,900 | ||
Barnabas Health Issue, Series A, ETM, 5.00%, 7/01/21 | 20,535,000 | 22,002,020 | ||
Inspira Health Obligated Group Issue, Series A, 5.00%, 7/01/30 | 900,000 | 1,086,021 | ||
Inspira Health Obligated Group Issue, Series A, 5.00%, 7/01/31 | 1,080,000 | 1,292,684 | ||
| New Jersey State COP, | ||||
Equipment Lease Purchase Agreement, Series A, Pre-Refunded, 5.25%, 6/15/22 | 10,000,000 | 10,011,700 | ||
Equipment Lease Purchase Agreement, Series A, Pre-Refunded, 5.25%, 6/15/23 | 17,945,000 | 17,965,996 | ||
| New Jersey State Educational Facilities Authority Revenue, | ||||
Higher Education Capital Improvement Fund Issue, Series B, 5.00%, 9/01/36 | 5,000,000 | 5,609,100 | ||
Kean University Issue, Series A, Pre-Refunded, 5.00%, 9/01/21 | 6,000,000 | 6,052,500 | ||
| New Jersey State Higher Education Assistance Authority Student Loan Revenue, | ||||
Refunding, Series 1A, 5.25%, 12/01/19 | 2,500,000 | 2,545,625 | ||
Series A, 5.375%, 6/01/24 | 2,395,000 | 2,396,581 | ||
| New Jersey State Transportation Trust Fund Authority Revenue, | ||||
Transportation Program, Series AA, AGMC Insured, 5.00%, 6/15/26 | 26,650,000 | 28,914,717 | ||
Transportation System, Refunding, Series A, 5.50%, 12/15/22 | 25,000,000 | 28,013,000 | ||
Transportation System, Refunding, Series A, Assured Guaranty, 5.50%, 12/15/22 | 11,465,000 | 12,880,125 | ||
New Jersey State Turnpike Authority Revenue, Turnpike, Refunding, Series H, 5.00%, 1/01/20 | 6,540,000 | 6,557,069 | ||
| Rutgers State University GO, | ||||
Refunding, Series J, 5.00%, 5/01/26 | 5,000,000 | 5,640,000 | ||
Refunding, Series J, 5.00%, 5/01/27 | 10,830,000 | 12,194,363 | ||
Series L, 5.00%, 5/01/27 | 5,270,000 | 5,933,915 | ||
| 212,556,097 | ||||
| New York 9.4% | ||||
| Erie County IDA School Facility Revenue, | ||||
City School District of the City of Buffalo Project, Refunding, Series A, 5.00%, 5/01/23 | 6,235,000 | 6,878,140 | ||
City School District of the City of Buffalo Project, Refunding, Series A, 5.00%, 5/01/24 | 8,000,000 | 8,815,520 | ||
Long Island Power Authority Electric System Revenue, General, Refunding, Series B, 5.00%, 9/01/26 | 5,000,000 | 5,551,350 | ||
| MTA Revenue, | ||||
Transportation, Refunding, Series F, 5.00%, 11/15/26 | 25,000,000 | 27,838,000 | ||
Transportation, Series A, AGMC Insured, 5.50%, 11/15/20 | 4,365,000 | 4,617,865 | ||
Transportation, Series A, Pre-Refunded, 5.00%, 11/15/27 | 3,500,000 | 4,003,930 | ||
Nassau County Local Economic Assistance and FICO Revenue, Catholic Health Services of Long Island Obligated Group Project, Refunding, 5.00%, 7/01/21 | 9,000,000 | 9,587,700 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| New York (continued) | ||||
| New York City GO, | ||||
Fiscal 2013, Refunding, Series D, 5.00%, 8/01/27 | $10,000,000 | $11,240,100 | ||
Fiscal 2013, Series I, 5.00%, 8/01/24 | 10,200,000 | 11,668,902 | ||
Fiscal 2014, Refunding, Series G, 5.00%, 8/01/22 | 8,000,000 | 8,890,880 | ||
Fiscal 2014, Refunding, Series G, 5.00%, 8/01/23 | 6,860,000 | 7,856,895 | ||
Fiscal 2015, Refunding, Series C, 5.00%, 8/01/25 | 2,000,000 | 2,382,320 | ||
Fiscal 2015, Refunding, Series C, 5.00%, 8/01/26 | 10,000,000 | 11,875,400 | ||
Fiscal 2015, Refunding, Series C, 5.00%, 8/01/27 | 7,500,000 | 8,889,150 | ||
Fiscal 2017, Subseries A-1, 5.00%, 8/01/29 | 10,000,000 | 12,221,500 | ||
Fiscal 2019, Refunding, Series E, 5.00%, 8/01/32 | 2,000,000 | 2,528,100 | ||
Fiscal 2019, Refunding, Series E, 5.00%, 8/01/34 | 3,500,000 | 4,381,125 | ||
| New York City Transitional Finance Authority Revenue, | ||||
Future Tax Secured, Subordinate, Fiscal 2003, Refunding, Subseries A-1, 5.00%, 11/01/23 | 11,500,000 | 12,493,025 | ||
Future Tax Secured, Subordinate, Fiscal 2011, Series C, 5.00%, 11/01/23 | 12,805,000 | 13,448,451 | ||
Future Tax Secured, Subordinate, Fiscal 2012, Series C, 5.00%, 11/01/24 | 7,620,000 | 8,277,987 | ||
Future Tax Secured, Subordinate, Fiscal 2014, Series D, Subseries D-1, 5.00%, 2/01/27 | 8,740,000 | 10,112,879 | ||
Future Tax Secured, Subordinate, Fiscal 2014, Series D, Subseries D-1, 5.00%, 2/01/28 | 5,000,000 | 5,782,950 | ||
| New York State Dormitory Authority Revenues, | ||||
Non-State Supported Debt, North Shore-Long Island Jewish Obligated Group, Refunding, Series A, 5.00%, 5/01/29 | 10,000,000 | 11,688,100 | ||
Non-State Supported Debt, School Districts, Financing Program, Series A, Assured Guaranty, 5.00%, 10/01/24 | 350,000 | 353,878 | ||
Non-State Supported Debt, School Districts, Financing Program, Series A, Assured Guaranty, Pre-Refunded, 5.00%, 10/01/24 | 4,650,000 | 4,706,125 | ||
State Supported Debt, City University System, Consolidated Fifth General Resolution, Series A, NATL Insured, 5.50%, 7/01/23 | 7,915,000 | 9,189,157 | ||
Third General Resolution, State University Educational Facilities Issue, Refunding, Series A, 5.00%, 5/15/24 | 7,000,000 | 7,703,640 | ||
New York State Dormitory Authority Sales Tax Revenue, Refunding, Series E, 5.00%, 3/15/32 | 10,000,000 | 12,610,700 | ||
| New York State Dormitory Authority State Personal Income Tax Revenue, | ||||
General Purpose, Refunding, Series A, 5.00%, 12/15/27 | 10,000,000 | 11,217,200 | ||
General Purpose, Refunding, Series A, 5.00%, 3/15/28 | 7,185,000 | 8,556,114 | ||
General Purpose, Refunding, Series E, 5.00%, 2/15/30 | 5,000,000 | 5,907,050 | ||
General Purpose, Series A, 5.00%, 3/15/32 | 10,000,000 | 12,523,800 | ||
New York State Local Government Assistance Corp. Revenue, sub. lien, Refunding, Series B, 5.00%, 4/01/21 | 12,000,000 | 12,368,040 | ||
New York State Thruway Authority General Revenue, Series I, Assured Guaranty, 5.00%, 1/01/26 | 10,000,000 | 10,869,300 | ||
| New York State Urban Development Corp. Revenue, | ||||
Empire State Development Corp., Service Contract, Refunding, Series C, 5.00%, 1/01/20 | 6,500,000 | 6,633,445 | ||
State Personal Income Tax, General Purpose, Series D, 5.00%, 3/15/24 | 10,000,000 | 11,334,700 | ||
Suffolk County EDC Revenue, Catholic Health Services of Long Island Obligated Group Project, Refunding, 5.00%, 7/01/22 | 10,000,000 | 10,661,000 | ||
| 335,664,418 | ||||
| North Carolina 0.9% | ||||
Buncombe County Limited Obligation Revenue, Series A, 5.00%, 6/01/28 | 5,000,000 | 5,791,750 | ||
Charlotte Water and Sewer System Revenue, Refunding, 5.00%, 7/01/27 | 10,000,000 | 12,036,300 | ||
North Carolina Eastern Municipal Power Agency Power System Revenue, Series A, ETM, 5.00%, 1/01/21 | 10,000,000 | 10,545,900 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| North Carolina (continued) | ||||
Oak Island Enterprise System Revenue, Assured Guaranty, Pre-Refunded, 5.50%, 6/01/23 | $1,735,000 | $1,735,000 | ||
| 30,108,950 | ||||
| Ohio 6.5% | ||||
| Akron Income Tax Revenue, | ||||
Community Learning Centers, Refunding, Series A, 5.00%, 12/01/24 | 5,265,000 | 5,797,134 | ||
Community Learning Centers, Refunding, Series A, 5.00%, 12/01/25 | 6,645,000 | 7,312,490 | ||
Community Learning Centers, Refunding, Series A, 5.00%, 12/01/26 | 8,240,000 | 9,062,682 | ||
| Cincinnati GO, | ||||
Various Purpose, Improvement, Series A, Pre-Refunded, 5.00%, 12/01/24 | 1,270,000 | 1,403,490 | ||
Various Purpose, Improvement, Series A, Pre-Refunded, 5.00%, 12/01/25 | 2,000,000 | 2,210,220 | ||
Various Purpose, Improvement, Series A, Pre-Refunded, 5.00%, 12/01/27 | 2,000,000 | 2,210,220 | ||
Various Purpose, Improvement, Series A, Pre-Refunded, 5.00%, 12/01/28 | 2,350,000 | 2,597,008 | ||
| Cleveland Airport System Revenue, | ||||
Refunding, Series A, AGMC Insured, 5.00%, 1/01/25 | 5,000,000 | 5,439,600 | ||
Refunding, Series A, AGMC Insured, 5.00%, 1/01/26 | 5,000,000 | 5,429,000 | ||
| Cleveland Water Revenue, | ||||
second lien, Series A, Pre-Refunded, 5.00%, 1/01/25 | 2,500,000 | 2,724,150 | ||
second lien, Series A, Pre-Refunded, 5.00%, 1/01/26 | 2,000,000 | 2,179,320 | ||
| Cuyahoga County EDR, | ||||
Recovery Zone Facility, Medical Mart/Convention Center Project, Series F, 5.00%, 12/01/20 | 7,000,000 | 7,367,500 | ||
Recovery Zone Facility, Medical Mart/Convention Center Project, Series F, 5.00%, 12/01/21 | 7,300,000 | 7,686,097 | ||
| Hamilton County Sewer System Revenue, | ||||
The Metropolitan Sewer District of Greater Cincinnati, Improvement and Refunding, Series A, 5.00%, 12/01/24 | 2,500,000 | 2,875,850 | ||
The Metropolitan Sewer District of Greater Cincinnati, Improvement and Refunding, Series A, 5.00%, 12/01/25 | 2,400,000 | 2,756,304 | ||
The Metropolitan Sewer District of Greater Cincinnati, Improvement and Refunding, Series A, 5.00%, 12/01/26 | 4,000,000 | 4,590,120 | ||
The Metropolitan Sewer District of Greater Cincinnati, Improvement and Refunding, Series A, 5.00%, 12/01/27 | 5,000,000 | 5,725,950 | ||
The Metropolitan Sewer District of Greater Cincinnati, Improvement and Refunding, Series A, 5.00%, 12/01/28 | 3,000,000 | 3,432,780 | ||
| Kent State University Revenues, | ||||
General Receipts, Series A, 5.00%, 5/01/23 | 1,200,000 | 1,318,008 | ||
General Receipts, Series A, 5.00%, 5/01/24 | 1,500,000 | 1,647,060 | ||
General Receipts, Series A, 5.00%, 5/01/25 | 1,500,000 | 1,646,160 | ||
General Receipts, Series A, 5.00%, 5/01/26 | 1,600,000 | 1,754,464 | ||
Ohio State Building Authority Revenue, State Facilities, Administrative Building Fund Projects, Refunding, Series C, 5.00%, 10/01/22 | 5,780,000 | 6,047,961 | ||
| Ohio State GO, | ||||
Higher Education, Series A, Pre-Refunded, 5.00%, 2/01/24 | 8,585,000 | 9,241,581 | ||
Higher Education, Series A, Pre-Refunded, 5.00%, 2/01/25 | 7,000,000 | 7,535,360 | ||
Highway Capital Improvements, Full Faith and Credit, Highway User Receipts, Series R, Pre-Refunded, 5.00%, 5/01/26 | 11,000,000 | 12,860,540 | ||
Highway Capital Improvements, Full Faith and Credit, Highway User Receipts, Series R, Pre-Refunded, 5.00%, 5/01/27 | 5,000,000 | 5,845,700 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio (continued) | ||||
| Ohio State GO, (continued) | ||||
Highway Capital Improvements, Full Faith and Credit, Highway User Receipts, Series R, Pre-Refunded, 5.00%, 5/01/28 | $9,100,000 | $10,639,174 | ||
Ohio State Turnpike Commission Revenue, Turnpike, Refunding, Series A, NATL Insured, 5.50%, 2/15/24 | 10,000,000 | 11,385,600 | ||
Ohio State Water Development Authority Water PCR, Loan Fund, Series A, 5.00%, 12/01/31 | 10,000,000 | 12,328,500 | ||
| Toledo City School District GO, | ||||
School Facilities Improvement, Refunding, Series B, 5.00%, 12/01/24 | 2,920,000 | 3,259,012 | ||
School Facilities Improvement, Refunding, Series B, 5.00%, 12/01/25 | 4,125,000 | 4,593,517 | ||
School Facilities Improvement, Refunding, Series B, 5.00%, 12/01/26 | 4,340,000 | 4,832,937 | ||
School Facilities Improvement, Refunding, Series B, 5.00%, 12/01/27 | 4,565,000 | 5,075,276 | ||
| Toledo Water System Revenue, | ||||
Improvement and Refunding, 5.00%, 11/15/25 | 4,000,000 | 4,497,240 | ||
Improvement and Refunding, 5.00%, 11/15/26 | 6,140,000 | 6,898,290 | ||
Improvement and Refunding, 5.00%, 11/15/27 | 6,450,000 | 7,236,061 | ||
Improvement and Refunding, 5.00%, 11/15/28 | 6,570,000 | 7,367,992 | ||
| University of Cincinnati General Receipts Revenue, | ||||
Series C, AGMC Insured, 5.00%, 6/01/21 | 11,705,000 | 11,910,189 | ||
Series C, AGMC Insured, 5.00%, 6/01/22 | 11,575,000 | 11,777,331 | ||
Series C, Pre-Refunded, AGMC Insured, 5.00%, 6/01/21 | 105,000 | 106,820 | ||
Series C, Pre-Refunded, AGMC Insured, 5.00%, 6/01/22 | 100,000 | 101,733 | ||
| 230,706,421 | ||||
| Oregon 1.4% | ||||
Clackamas County School District No. 12 North Clackamas GO, Series B, 5.00%, 6/15/32 | 3,725,000 | 4,551,093 | ||
| Oregon State Department of Transportation Highway User Tax Revenue, | ||||
senior lien, Refunding, Series A, 5.00%, 11/15/25 | 10,000,000 | 11,200,500 | ||
senior lien, Refunding, Series A, 5.00%, 11/15/27 | 3,000,000 | 3,550,560 | ||
senior lien, Refunding, Series A, 5.00%, 11/15/28 | 3,500,000 | 4,135,705 | ||
Portland Water System Revenue, second lien, Refunding, Series A, 5.00%, 10/01/25 | 5,000,000 | 5,648,900 | ||
| Washington Counties School District No. 48J Beaverton GO, | ||||
5.00%, 6/15/27 | 5,000,000 | 5,842,200 | ||
5.00%, 6/15/28 | 5,000,000 | 5,823,600 | ||
5.00%, 6/15/29 | 7,500,000 | 8,723,700 | ||
| 49,476,258 | ||||
| Pennsylvania 4.4% | ||||
| Allegheny County Hospital Development Authority Revenue, | ||||
University of Pittsburgh Medical Center, Refunding, Series A, 5.00%, 7/15/34 | 5,000,000 | 6,169,500 | ||
University of Pittsburgh Medical Center, Series A, 5.00%, 5/15/20 | 7,500,000 | 7,748,775 | ||
| Commonwealth Financing Authority Revenue, | ||||
Series C-1, AGMC Insured, 5.00%, 6/01/22 | 4,130,000 | 4,264,679 | ||
Series C-1, AGMC Insured, 5.00%, 6/01/23 | 4,345,000 | 4,484,953 | ||
| Lancaster County Solid Waste Management Authority Solid Waste Disposal System Revenue, | ||||
Series A, 5.25%, 12/15/25 | 5,345,000 | 6,100,943 | ||
Series A, 5.25%, 12/15/26 | 5,835,000 | 6,640,055 | ||
Pennsylvania State GO, Second Series, 5.00%, 10/15/26 | 13,375,000 | 15,294,580 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Pennsylvania (continued) | ||||
Pennsylvania State Higher Educational Facilities Authority Revenue, University of Pennsylvania Health System, Series A, 4.00%, 8/15/34 | $5,895,000 | $6,524,763 | ||
| Pennsylvania State Turnpike Commission Turnpike Revenue, | ||||
Series B, 5.00%, 12/01/19 | 32,230,000 | 32,799,826 | ||
Series E, Pre-Refunded, 5.00%, 12/01/24 | 5,000,000 | 5,434,100 | ||
Series E, Pre-Refunded, 5.00%, 12/01/25 | 10,000,000 | 10,868,200 | ||
Subordinate, Series A, Assured Guaranty, Pre-Refunded, 5.00%, 6/01/22 | 6,070,000 | 6,070,000 | ||
Pennsylvania State University Revenue, Series A, 5.00%, 9/01/30 | 4,000,000 | 4,973,960 | ||
| Philadelphia Gas Works Revenue, | ||||
1998 General Ordinance, Refunding, Fifteenth Series, 5.00%, 8/01/30 | 2,000,000 | 2,411,140 | ||
1998 General Ordinance, Refunding, Fifteenth Series, 5.00%, 8/01/31 | 4,030,000 | 4,833,018 | ||
| Philadelphia GO, | ||||
Refunding, Series A, Assured Guaranty, 5.25%, 8/01/22 | 17,810,000 | 17,917,572 | ||
Series A, Assured Guaranty, Pre-Refunded, 5.25%, 8/01/22 | 2,190,000 | 2,203,403 | ||
| Philadelphia Water and Wastewater Revenue, | ||||
Refunding, Series A, AGMC Insured, 5.00%, 6/15/19 | 5,000,000 | 5,005,450 | ||
Refunding, Series B, 5.00%, 11/01/31 | 5,750,000 | 6,990,505 | ||
| 156,735,422 | ||||
| South Carolina 1.7% | ||||
| Anderson Water and Sewer System Revenue, | ||||
Refunding, AGMC Insured, 5.00%, 7/01/22 | 2,555,000 | 2,820,107 | ||
Refunding, AGMC Insured, 5.00%, 7/01/23 | 2,695,000 | 2,965,228 | ||
Refunding, AGMC Insured, 5.00%, 7/01/24 | 2,825,000 | 3,098,460 | ||
Refunding, AGMC Insured, 5.00%, 7/01/25 | 2,965,000 | 3,247,357 | ||
| Berkeley County Utility Revenue, | ||||
Combined Utility System, Refunding, 5.00%, 6/01/25 | 3,665,000 | 4,158,822 | ||
Combined Utility System, Refunding, 5.00%, 6/01/26 | 1,700,000 | 1,926,236 | ||
| South Carolina Jobs-EDA Hospital Revenue, | ||||
Palmetto Health, Improvement, Pre-Refunded, 5.375%, 8/01/22 | 6,000,000 | 6,036,960 | ||
Prisma Health Obligated Group, Refunding, Series A, 5.00%, 5/01/33 | 6,000,000 | 7,232,640 | ||
| South Carolina State Transportation Infrastructure Bank Revenue, | ||||
Refunding, Series B, AGMC Insured, 5.00%, 10/01/25 | 12,935,000 | 14,359,143 | ||
Refunding, Series B, AGMC Insured, 5.00%, 10/01/26 | 13,440,000 | 14,896,627 | ||
| 60,741,580 | ||||
| Tennessee 1.0% | ||||
Memphis GO, General Improvement, Refunding, Series A, 5.00%, 4/01/22 | 15,805,000 | 17,380,600 | ||
Metropolitan Government of Nashville and Davidson County GO, Improvement, Series A, Pre-Refunded, 5.00%, 1/01/26 | 5,000,000 | 5,616,150 | ||
| Metropolitan Government of Nashville and Davidson County Water and Sewer Revenue, | ||||
Refunding, 5.00%, 7/01/26 | 1,675,000 | 1,905,179 | ||
Refunding, 5.00%, 7/01/27 | 1,800,000 | 2,046,600 | ||
Tennessee State School Bond Authority Revenue, Higher Educational Facilities Second Program, Refunding, Series B, 5.00%, 11/01/28 | 8,180,000 | 9,836,205 | ||
| 36,784,734 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Texas 11.0% | ||||
| Austin Water and Wastewater System Revenue, | ||||
Travis Williamson and Hays Counties, Refunding, 5.00%, 11/15/26 | $4,835,000 | $5,392,959 | ||
Travis Williamson and Hays Counties, Refunding, 5.00%, 11/15/27 | 4,000,000 | 4,455,880 | ||
Travis Williamson and Hays Counties, Refunding, Series A, 5.00%, 11/15/28 | 5,000,000 | 5,639,900 | ||
| Clear Creek ISD, | ||||
GO, Refunding, Series A, 5.00%, 2/15/25 | 11,370,000 | 12,412,402 | ||
GO, Refunding, Series A, 5.00%, 2/15/26 | 12,060,000 | 13,155,651 | ||
| Dallas Waterworks and Sewer System Revenue, | ||||
Denton Collin Kaufman and Rockwall Counties, Refunding, 5.00%, 10/01/30 | 1,500,000 | 1,859,910 | ||
Denton Collin Kaufman and Rockwall Counties, Refunding, 5.00%, 10/01/31 | 2,500,000 | 3,084,550 | ||
Denton Collin Kaufman and Rockwall Counties, Refunding, 5.00%, 10/01/32 | 1,000,000 | 1,229,950 | ||
| Dallas/Fort Worth International Airport Revenue, | ||||
Joint Refunding, Series D, 5.25%, 11/01/27 | 5,000,000 | 5,747,650 | ||
Joint Refunding, Series D, 5.25%, 11/01/28 | 2,100,000 | 2,407,272 | ||
| El Paso ISD, | ||||
GO, Refunding, PSF Guarantee, 5.00%, 8/15/27 | 5,460,000 | 6,400,485 | ||
GO, Refunding, PSF Guarantee, 5.00%, 8/15/28 | 2,500,000 | 2,921,725 | ||
| Fort Worth GO, | ||||
Tarrant Denton Parker and Wise Counties, General Purpose, Refunding and Improvement, 5.00%, 3/01/25 | 6,000,000 | 6,553,800 | ||
Tarrant Denton Parker and Wise Counties, General Purpose, Refunding and Improvement, 5.00%, 3/01/26 | 6,790,000 | 7,391,798 | ||
| Harris County MTA Revenue, | ||||
Sales and Use Tax, Contractual Obligations, 5.00%, 11/01/28 | 2,000,000 | 2,345,940 | ||
Sales and Use Tax, Contractual Obligations, Pre-Refunded, 5.00%, 11/01/26 | 2,000,000 | 2,362,300 | ||
Sales and Use Tax, Contractual Obligations, Pre-Refunded, 5.00%, 11/01/27 | 2,000,000 | 2,362,300 | ||
| Harris County Toll Road Revenue, | ||||
senior lien, Refunding, Series A, 5.00%, 8/15/32 | 2,500,000 | 3,077,125 | ||
senior lien, Refunding, Series A, 5.00%, 8/15/33 | 2,500,000 | 3,067,650 | ||
| Houston GO, | ||||
Public Improvement, Refunding, Series A, 5.00%, 3/01/22 | 3,855,000 | 3,955,808 | ||
Public Improvement, Series A, Pre-Refunded, 5.00%, 3/01/22 | 6,145,000 | 6,304,278 | ||
| Houston Utility System Revenue, | ||||
Combined, first lien, Refunding, Series B, 5.00%, 11/15/34 | 3,250,000 | 3,962,238 | ||
Combined, first lien, Refunding, Series B, 5.00%, 11/15/35 | 4,500,000 | 5,469,075 | ||
Combined, first lien, Refunding, Series C, 5.00%, 5/15/24 | 5,000,000 | 5,847,200 | ||
Combined, first lien, Refunding, Series C, 5.00%, 5/15/26 | 19,690,000 | 22,905,180 | ||
| Lower Colorado River Authority Transmission Contract Revenue, | ||||
LCRA Transmission Services Corp. Project, Refunding, Series A, 5.00%, 5/15/24 | 6,000,000 | 6,395,700 | ||
LCRA Transmission Services Corp. Project, Refunding, Series B, 5.00%, 5/15/24 | 10,620,000 | 11,320,389 | ||
| North Texas Tollway Authority Revenue, | ||||
Special Projects System, Series D, Pre-Refunded, 5.00%, 9/01/24 | 12,000,000 | 12,924,960 | ||
System, first tier, Refunding, Series A, 4.00%, 1/01/33 | 5,000,000 | 5,518,650 | ||
| Northwest ISD, | ||||
GO, Refunding, Series A, PSF Guarantee, 5.00%, 2/15/28 | 4,815,000 | 5,676,211 | ||
GO, Refunding, Series A, PSF Guarantee, 5.00%, 2/15/29 | 7,015,000 | 8,236,101 | ||
San Angelo ISD, GO, Refunding, Series A, PSF Guarantee, 5.00%, 2/15/28 | 5,220,000 | 5,970,793 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Texas (continued) | ||||
| San Antonio Electric and Gas Systems Revenue, | ||||
Refunding, 5.25%, 2/01/25 | $27,000,000 | $32,461,560 | ||
Refunding, 5.00%, 2/01/27 | 10,415,000 | 12,648,913 | ||
| San Antonio Water System Revenue, | ||||
junior lien, Refunding, Series A, 5.00%, 5/15/24 | 1,500,000 | 1,723,365 | ||
junior lien, Refunding, Series A, 5.00%, 5/15/26 | 2,200,000 | 2,523,532 | ||
junior lien, Refunding, Series A, 5.00%, 5/15/28 | 2,000,000 | 2,287,640 | ||
junior lien, Refunding, Series A, 5.00%, 5/15/29 | 1,000,000 | 1,141,970 | ||
| Texas State Water Development Board Revenue, | ||||
State Water Implementation Fund, Master Trust, Series A, 5.00%, 10/15/31 | 12,585,000 | 15,560,094 | ||
State Water Implementation Fund, Master Trust, Series A, 4.00%, 10/15/34 | 5,800,000 | 6,559,104 | ||
State Water Implementation Fund, Master Trust, Series B, 4.00%, 10/15/36 | 10,000,000 | 11,268,700 | ||
| Texas Transportation Commission State Highway Fund Revenue, | ||||
first tier, Refunding, Series A, 5.00%, 4/01/23 | 20,000,000 | 22,651,400 | ||
first tier, Refunding, Series A, 5.00%, 4/01/24 | 20,000,000 | 23,299,000 | ||
first tier, Refunding, Series A, 5.00%, 4/01/25 | 20,000,000 | 23,247,600 | ||
| University of Houston Revenue, | ||||
Consolidated, Series A, Pre-Refunded, 5.00%, 2/15/27 | 4,745,000 | 5,023,816 | ||
Consolidated, Series A, Pre-Refunded, 5.00%, 2/15/27 | 255,000 | 269,543 | ||
University of Texas System Revenue, Board of Regents, Permanent University Fund, Series B, 5.00%, 7/01/27 | 10,000,000 | 11,655,900 | ||
| Williamson County GO, | ||||
Refunding, 5.00%, 2/15/23 | 6,235,000 | 6,823,958 | ||
Refunding, 5.00%, 2/15/25 | 13,780,000 | 15,077,800 | ||
| 390,579,725 | ||||
| Utah 0.5% | ||||
| Utah State Board of Regents Student Loan Revenue, | ||||
Refunding, Series EE-2, 5.00%, 11/01/20 | 9,000,000 | 9,438,030 | ||
Refunding, Series EE-2, 5.00%, 11/01/21 | 9,000,000 | 9,439,290 | ||
| 18,877,320 | ||||
| Virginia 4.0% | ||||
| Norfolk Water Revenue, | ||||
Pre-Refunded, 5.00%, 11/01/24 | 6,050,000 | 6,668,491 | ||
Pre-Refunded, 5.00%, 11/01/25 | 5,910,000 | 6,514,179 | ||
Refunding, 5.00%, 11/01/24 | 95,000 | 104,371 | ||
Refunding, 5.00%, 11/01/25 | 90,000 | 98,851 | ||
Richmond Public Utility Revenue, Refunding, Series A, 5.00%, 1/15/32 | 10,000,000 | 11,926,300 | ||
| Virginia Beach Development Authority Public Facility Revenue, | ||||
Refunding, Series B, 5.00%, 8/01/19 | 12,635,000 | 12,709,041 | ||
Refunding, Series B, 5.00%, 8/01/20 | 13,450,000 | 14,020,011 | ||
| Virginia College Building Authority Educational Facilities Revenue, | ||||
21st Century College and Equipment Programs, Series A, Pre-Refunded, 5.00%, 2/01/25 | 13,080,000 | 15,189,673 | ||
21st Century College and Equipment Programs, Series D, 5.00%, 2/01/25 | 7,405,000 | 8,820,614 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Virginia (continued) | ||||
| Virginia State PBA Public Facilities Revenue, | ||||
Refunding, Series B, 4.00%, 8/01/29 | $12,060,000 | $13,789,404 | ||
Series B, Pre-Refunded, 4.00%, 8/01/29 | 1,075,000 | 1,248,043 | ||
Virginia State Public School Authority Revenue, School Financing, 1997 Resolution, Series C, 5.00%, 8/01/27 | 4,460,000 | 5,221,991 | ||
| Virginia State Resources Authority Clean Water Revenue, | ||||
Revolving Fund, Refunding, 5.00%, 10/01/28 | 11,950,000 | 14,550,559 | ||
Revolving Fund, Refunding, Series B, 5.00%, 10/01/26 | 26,155,000 | 31,128,112 | ||
| 141,989,640 | ||||
| Washington 4.0% | ||||
| Energy Northwest Electric Revenue, | ||||
Columbia Generating Station, Refunding, Series A, 5.00%, 7/01/22 | 3,250,000 | 3,600,675 | ||
Columbia Generating Station, Refunding, Series A, 5.00%, 7/01/23 | 3,500,000 | 3,995,880 | ||
Columbia Generating Station, Refunding, Series A, 5.00%, 7/01/24 | 1,250,000 | 1,467,650 | ||
Columbia Generating Station, Refunding, Series A, 5.00%, 7/01/36 | 7,000,000 | 8,777,020 | ||
| King County Sewer Revenue, | ||||
Refunding, Series B, 5.00%, 7/01/25 | 1,200,000 | 1,404,900 | ||
Refunding, Series B, 5.00%, 7/01/26 | 1,200,000 | 1,402,992 | ||
Refunding, Series B, 5.00%, 7/01/27 | 1,900,000 | 2,214,450 | ||
Refunding, Series B, 5.00%, 7/01/28 | 3,050,000 | 3,548,035 | ||
Refunding, Series B, 5.00%, 7/01/29 | 2,600,000 | 3,019,016 | ||
| Seattle Drain and Wastewater Revenue, | ||||
Refunding, 5.00%, 5/01/24 | 5,230,000 | 6,104,142 | ||
Refunding, 5.00%, 5/01/25 | 5,500,000 | 6,416,245 | ||
Refunding, 5.00%, 5/01/26 | 2,995,000 | 3,488,277 | ||
Refunding, 5.00%, 5/01/27 | 3,150,000 | 3,664,269 | ||
| Seattle Municipal Light and Power Revenue, | ||||
Improvement and Refunding, Series B, 5.00%, 2/01/20 | 7,000,000 | 7,165,830 | ||
Improvement and Refunding, Series C, 4.00%, 9/01/34 | 5,300,000 | 5,918,245 | ||
| Washington Health Care Facilities Authority Revenue, | ||||
Overlake Hospital Medical Center, Refunding, Series B, 5.00%, 7/01/30 | 1,000,000 | 1,222,700 | ||
Overlake Hospital Medical Center, Refunding, Series B, 5.00%, 7/01/31 | 1,925,000 | 2,335,333 | ||
Virginia Mason Medical Center, Refunding, 5.00%, 8/15/31 | 2,250,000 | 2,605,230 | ||
Virginia Mason Medical Center, Refunding, 5.00%, 8/15/32 | 4,005,000 | 4,622,811 | ||
| Washington State GO, | ||||
Motor Vehicle Fuel Tax, Refunding, Series B, 5.00%, 7/01/25 | 29,370,000 | 34,431,919 | ||
Various Purpose, Series D, 5.00%, 2/01/31 | 5,480,000 | 6,684,942 | ||
Various Purpose, Series D, 5.00%, 2/01/32 | 10,000,000 | 12,128,200 | ||
Various Purpose, Series D, Pre-Refunded, 5.00%, 2/01/25 | 13,955,000 | 15,245,838 | ||
| 141,464,599 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Wisconsin 0.5% | ||||
| Wisconsin State Transportation Revenue, | ||||
Refunding, Series 1, 5.00%, 7/01/24 | $6,560,000 | $7,267,824 | ||
Refunding, Series 2, 5.00%, 7/01/31 | 5,000,000 | 6,162,700 | ||
Series 1, Pre-Refunded, 5.00%, 7/01/24 | 3,440,000 | 3,811,417 | ||
| 17,241,941 | ||||
| U.S. Territories 0.0%† | ||||
| Guam 0.0%† | ||||
Guam Government Limited Obligation Revenue, Section 30, Series A, ETM, 5.50%, 12/01/19 | 1,025,000 | 1,045,931 | ||
Total Municipal Bonds before Short Term Investments (Cost $3,284,485,993) | 3,446,845,247 | |||
| Short Term Investments 2.2% | ||||
| Municipal Bonds 2.2% | ||||
| Florida 0.4% | ||||
| b | Martin County PCR, Florida Power and Light Co. Project, Refunding, Daily VRDN and Put, 2.40%, 7/15/22 | 14,000,000 | 14,000,000 | |
| New York 0.8% | ||||
| b | New York City GO, | |||
Fiscal 2006, Series H, Sub Series H-2, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 1/01/36 | 15,800,000 | 15,800,000 | ||
Fiscal 2006, Series I, Subseries I-8, SPA State Street Bank & Trust Co., Daily VRDN and Put, 2.10%, 4/01/36 | 6,300,000 | 6,300,000 | ||
Fiscal 2015, Series F, Subseries F-6, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 6/01/44 | 570,000 | 570,000 | ||
| b | New York City Municipal Water Finance Authority Water and Sewer System Revenue, | |||
Second General Resolution, Fiscal 2007, Series CC, Sub-Series CC-2, SPA Bank of Montreal, Daily VRDN and Put, 2.20%, 6/15/38 | 2,600,000 | 2,600,000 | ||
Second General Resolution, Fiscal 2014, Refunding, Series AA, Subseries AA-4, SPA Bank of Montreal, Daily VRDN and Put, 2.10%, 6/15/49 | 2,300,000 | 2,300,000 | ||
| b | Triborough Bridge and Tunnel Authority Revenue, General, MTA Bridges and Tunnels, Refunding, Subseries B-2, LOC Citibank, Weekly VRDN and Put, 2.12%, 1/01/32 | 2,300,000 | 2,300,000 | |
| 29,870,000 | ||||
| North Carolina 0.7% | ||||
| b | The Charlotte-Mecklenburg Hospital Authority Revenue, | |||
Carolinas HealthCare System, Refunding, Series C, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.24%, 1/15/37 | 6,945,000 | 6,945,000 | ||
Carolinas HealthCare System, Series E, LOC TD Bank National Association, Daily VRDN and Put, 2.20%, 1/15/44 | 16,350,000 | 16,350,000 | ||
| 23,295,000 | ||||
| Oregon 0.1% | ||||
| b | Oregon State Facilities Authority Revenue, PeaceHealth, Refunding, Series B, LOC TD Bank National Association, Daily VRDN and Put, 2.20%, 8/01/34 | 3,800,000 | 3,800,000 | |
| Pennsylvania 0.1% | ||||
| b | Geisinger Authority Revenue, Geisinger Health System, Montour County, Series A, SPA TD Bank National Association, Daily VRDN and Put, 2.10%, 10/01/43 | 2,900,000 | 2,900,000 |
| Principal Amount | Value | |||
| Short Term Investments (continued) | ||||
| Municipal Bonds (continued) | ||||
| Virginia 0.1% | ||||
| b | Albemarle County EDA Hospital Facilities Revenue, Sentara Martha Jefferson Hospital, Refunding, Series B, SPA TD Bank National Association, Daily VRDN and Put, 2.18%, 10/01/48 | $2,700,000 | $2,700,000 | |
Total Short Term Investments (Cost $76,565,000) | 76,565,000 | |||
Total Investments (Cost $3,361,050,993) 99.1% | 3,523,410,247 | |||
Other Assets, less Liabilities 0.9% | 32,581,825 | |||
Net Assets 100.0% | $3,555,992,072 |
| †Rounds to less than 0.1% of net assets. |
| aSecurity purchased on a when-issued basis. |
| bVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Shares | Value | |||
| Management Investment Companies (Cost $7,935,562) 0.8% | ||||
| Financials 0.8% | ||||
| a | Franklin Liberty Municipal Bond ETF | 315,000 | $8,095,500 | |
| Principal Amount | ||||
| Municipal Bonds 87.7% | ||||
| Alabama 1.0% | ||||
| b | Mobile IDB, | |||
PCR, Alabama Power Co. Barry Plant Project, Mandatory Put, 2.90%, 12/12/23 | $7,550,000 | 7,847,847 | ||
PCR, Alabama Power Co. Barry Plant Project, Mandatory Put, Series A, 1.85%, 3/24/20 | 2,250,000 | 2,240,325 | ||
| 10,088,172 | ||||
| Arkansas 1.6% | ||||
Arkansas State GO, Four-Lane Highway Construction and Improvement Bonds, 3.25%, 6/15/22 | 11,195,000 | 11,603,282 | ||
Little Rock School District GO, Pulaski County, Construction, 3.00%, 2/01/20 | 4,930,000 | 4,978,856 | ||
| 16,582,138 | ||||
| California 6.6% | ||||
| b | California Health Facilities Financing Authority Revenue, | |||
Providence St. Joseph Health, Mandatory Put, Series B-3, 2.00%, 10/01/25 | 13,340,000 | 13,632,680 | ||
St. Joseph Health System, Mandatory Put, Refunding, Series D, 5.00%, 10/15/20 | 5,000,000 | 5,231,100 | ||
St. Joseph Health System, Mandatory Put, Series C, 5.00%, 10/15/19 | 3,250,000 | 3,292,477 | ||
| b | California Infrastructure and Economic Development Bank Revenue, J Paul Getty Trust, Mandatory Put, Refunding, Series A-1, 2.038%, 4/01/22 | 15,000,000 | 14,968,350 | |
| b | California State Municipal Finance Authority Solid Waste Disposal Revenue, Waste Management Inc. Project, Mandatory Put, Series A, 2.00%, 2/03/20 | 4,500,000 | 4,511,790 | |
| b | California Statewide CDA, PCR, Southern California Edison Co., Mandatory Put, Refunding, Series D, 2.625%, 12/01/23 | 3,000,000 | 3,030,270 | |
California Statewide CDA Revenue, Viamonte Senior Living1 Project, Series B, California Mortgage Insured, 3.00%, 7/01/27 | 3,500,000 | 3,561,495 | ||
Coachella Valley USD, GO, Riverside and Imperial Counties, Refunding, BAM Insured, 4.00%, 8/01/19 | 1,330,000 | 1,335,706 | ||
Mount San Antonio Community College District GO, Capital Appreciation, BAN, zero cpn., 4/01/22 | 10,000,000 | 9,560,100 | ||
Salinas UHSD, GO, Monterey County, BAN, Capital Appreciation, zero cpn., 8/01/20 | 5,000,000 | 4,880,400 | ||
| b | Western Municipal Water District Facilities Authority Adjustable Rate Water Revenue, Mandatory Put, Refunding, Series A, 1.50%, 10/01/20 | 3,250,000 | 3,248,830 | |
| 67,253,198 | ||||
| Colorado 0.8% | ||||
Denver City and County School District No. 1 GO, Series B, 4.00%, 12/01/27 | 7,480,000 | 8,055,586 | ||
| Connecticut 2.6% | ||||
| b | Connecticut State Health and Educational Facilities Authority Revenue, | |||
Yale University Issue, Mandatory Put, Refunding, Series A, 2.05%, 7/12/21 | 7,500,000 | 7,591,350 | ||
Yale University Issue, Mandatory Put, Refunding, Series A-1, 1.00%, 7/01/19 | 6,000,000 | 5,998,020 | ||
Yale University Issue, Mandatory Put, Series A, 1.30%, 2/03/20 | 10,000,000 | 9,989,400 | ||
Yale University Issue, Mandatory Put, Series X-2, 1.80%, 2/09/21 | 3,000,000 | 3,013,350 | ||
| 26,592,120 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Florida 1.8% | ||||
Escambia County PCR, Gulf Power Co. Project, Refunding, 2.60%, 6/01/23 | $5,000,000 | $5,112,800 | ||
Florida State Municipal Power Agency Revenue, All-Requirements Power Supply Project, Refunding, Series A, 5.00%, 10/01/25 | 1,000,000 | 1,204,180 | ||
Florida State Turnpike Authority Revenue, Department of Transportation, Refunding, Series A, 2.875%, 7/01/25 | 3,000,000 | 3,116,730 | ||
Lee County Transportation Facilities Revenue, Refunding, AGMC Insured, 5.00%, 10/01/19 | 2,385,000 | 2,412,451 | ||
| b | Miami-Dade County IDA Solid Waste Disposal Revenue, Waste Management Inc. of Florida Project, Mandatory Put, 1.75%, 11/01/19 | 2,000,000 | 2,001,040 | |
Orlando-Orange County Expressway Authority Revenue, Refunding, AGMC Insured, 5.00%, 7/01/24 | 4,000,000 | 4,408,720 | ||
| 18,255,921 | ||||
| Georgia 3.4% | ||||
| b | Cobb County Development Authority Revenue, Georgia Waste Management Project, Mandatory Put, Series A, 1.875%, 10/01/19 | 2,500,000 | 2,502,025 | |
Georgia State GO, Series A, 5.00%, 2/01/23 | 12,375,000 | 13,961,475 | ||
Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue, Refunding, Series A, 3.00%, 7/01/23 | 11,000,000 | 11,667,810 | ||
| b | Monroe County Development Authority PCR, | |||
Georgia Power Co. Plant Scherer Project, Mandatory Put, Refunding, First Series, 2.05%, 11/19/21 | 3,250,000 | 3,247,335 | ||
Gulf Power Co. Plant Scherer Project, Mandatory Put, First Series, 1.40%, 9/19/19 | 3,750,000 | 3,744,187 | ||
| 35,122,832 | ||||
| Hawaii 1.1% | ||||
Hawaii State GO, Refunding, Series EF, 5.00%, 11/01/23 | 10,000,000 | 11,180,400 | ||
| Illinois 0.8% | ||||
| b,c | Illinois State Finance Authority Revenue, Field Museum of Natural History, Refunding, Mandatory Put, 2.158%, 9/01/22 | 8,700,000 | 8,694,519 | |
| Iowa 1.0% | ||||
Des Moines Independent Community School District Revenue, Polk and Warren Counties, School Infrastructure Sales, Services and Use Tax, AGMC Insured, 3.00%, 6/01/29 | 9,300,000 | 9,787,971 | ||
| Kansas 0.7% | ||||
| d | Kansas State Department of Transportation Highway Revenue, Refunding, Series B-5, Monthly FRN, 2.066%, (1-month USD LIBOR + 0.40%), 9/01/19 | 5,700,000 | 5,704,275 | |
Reno County USD No. 308 GO, Hutchinson, Refunding, 5.00%, 9/01/27 | 1,575,000 | 1,960,702 | ||
| 7,664,977 | ||||
| Kentucky 3.0% | ||||
| b | Kentucky Public Energy Authority Gas Supply Revenue, | |||
Mandatory Put, Series A, 4.00%, 4/01/24 | 10,000,000 | 10,836,300 | ||
Mandatory Put, Series B, 4.00%, 1/01/25 | 10,000,000 | 10,983,300 | ||
| b | Louisville/Jefferson County Metro Government Environmental Facilities Revenue, Louisville Gas and Electric Co. Project, Mandatory Put, Series A, 1.25%, 6/03/19 | 2,000,000 | 2,000,000 | |
| b | Louisville/Jefferson County Metro Government PCR, Louisville Gas and Electric Co. Project, Mandatory Put, Series A, 2.20%, 8/01/19 | 7,000,000 | 7,007,420 | |
| 30,827,020 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Louisiana 2.9% | ||||
| Louisiana State GO, | ||||
Seried A, 5.00%, 3/01/31 | $10,870,000 | $13,734,571 | ||
Series A, 4.00%, 5/15/31 | 15,225,000 | 16,330,183 | ||
| 30,064,754 | ||||
| Maryland 6.0% | ||||
Baltimore City GO, Consolidated Public Improvement, Refunding, Series B, 5.00%, 10/15/25 | 5,000,000 | 6,056,700 | ||
Maryland CDA Department of Housing and Community Development Housing Revenue, FHA Risk-Sharing Insured Pass-Through, Series A, FHA Insured, 1.35%, 6/01/19 | 3,860,000 | 3,860,000 | ||
| Maryland State GO, | ||||
State and Local Facilities Loan of 2013, Second Series A, Pre-Refunded, 5.00%, 8/01/23 | 11,355,000 | 12,223,431 | ||
State and Local Facilities Loan of 2014, Refunding, First Series C, 5.00%, 8/01/19 | 5,700,000 | 5,732,832 | ||
State and Local Facilities Loan of 2017, Refunding, Second Series B, 5.00%, 8/01/26 | 12,330,000 | 15,222,741 | ||
| Washington Suburban Sanitary District GO, | ||||
Montgomery and Prince George’s Counties, Consolidated Public Improvement, Pre-Refunded, 4.00%, 6/01/28 | 5,500,000 | 6,050,990 | ||
Montgomery and Prince George’s Counties, Consolidated Public Improvement, Pre-Refunded, 4.00%, 6/01/30 | 5,500,000 | 6,050,990 | ||
Montgomery and Prince George’s Counties, Consolidated Public Improvement, Pre-Refunded, 4.00%, 6/01/31 | 5,500,000 | 6,050,990 | ||
| 61,248,674 | ||||
| Massachusetts 0.6% | ||||
| b | Massachusetts Development Finance Agency Revenue, Partners HealthCare System Issue, Mandatory Put, Refunding, Series S-4, 5.00%, 1/25/24 | 5,000,000 | 5,727,100 | |
| Michigan 2.6% | ||||
Grand Rapids Sanitary Sewer System Revenue, Improvement and Refunding, Series A, AGMC Insured, 5.50%, 1/01/22 | 3,145,000 | 3,330,901 | ||
| Michigan Finance Authority Revenue, | ||||
State Aid Notes, Series A-1, 4.00%, 8/20/19 | 13,000,000 | 13,067,080 | ||
Unemployment Obligation Assessment, Refunding, Series B, 5.00%, 7/01/20 | 10,000,000 | 10,027,600 | ||
| 26,425,581 | ||||
| Minnesota 1.8% | ||||
Farmington ISD No. 192 GO, School Building, Refunding, Series C, 5.00%, 2/01/24 | 6,065,000 | 6,999,980 | ||
| b | Minneapolis MFHR, | |||
Albright Townhomes Project, Mandatory Put, 2.00%, 6/01/19 | 2,000,000 | 2,000,000 | ||
Riverside Homes Project, Mandatory Put, Series A, 2.40%, 5/01/20 | 1,250,000 | 1,253,475 | ||
| Minnesota State Higher Education Facilities Authority Revenue, | ||||
University of St. Thomas, 5.00%, 10/01/26 | 1,000,000 | 1,216,710 | ||
University of St. Thomas, 5.00%, 10/01/27 | 1,000,000 | 1,238,980 | ||
Northern Municipal Power Agency Electric System Revenue, Refunding, 5.00%, 1/01/21 | 5,000,000 | 5,272,150 | ||
| 17,981,295 | ||||
| Mississippi 0.5% | ||||
| b | Mississippi Business Finance Corp. Solid Waste Disposal Revenue, Waste Management Inc. Project, Mandatory Put, 1.35%, 9/01/20 | 5,000,000 | 4,974,500 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Nevada 2.7% | ||||
Clark County School District GO, Refunding, Series D, 5.00%, 6/15/20 | $20,000,000 | $20,711,000 | ||
Nevada State Highway Improvement Revenue, Motor Vehicle Fuel Tax, Refunding, 5.00%, 12/01/20 | 7,000,000 | 7,370,720 | ||
| 28,081,720 | ||||
| New Jersey 0.6% | ||||
Jersey City GO, General Improvement and Qualified Water Improvement, Refunding, Series A, BAM Insured, 4.00%, 8/01/19 | 1,330,000 | 1,335,546 | ||
| b | New Jersey State Housing and Mortgage Finance Agency MF Conduit Revenue, Garden Spires Project, Mandatory Put, Series A, 2.02%, 8/01/20 | 4,310,000 | 4,322,197 | |
| 5,657,743 | ||||
| New Mexico 0.9% | ||||
| b | Farmington PCR, Southern California Edison Co. Four Corners Project, Mandatory Put, Refunding, Series A, 1.875%, 4/01/20 | 9,000,000 | 8,965,080 | |
| New York 8.8% | ||||
| b | Chautauqua County Capital Resource Corp. Revenue, Multi-Mode, Jamestown Center City Development Corp. Project, Mandatory Put, Refunding, Subseries C, 2.00%, 11/01/21 | 4,750,000 | 4,742,875 | |
| New York City GO, | ||||
Fiscal 2010, Refunding, Series C, 5.00%, 8/01/24 | 6,000,000 | 6,034,200 | ||
Fiscal 2010, Series E, 5.00%, 8/01/27 | 8,075,000 | 8,120,866 | ||
Fiscal 2014, Refunding, Series G, 5.00%, 8/01/20 | 7,000,000 | 7,295,820 | ||
Fiscal 2019, Refunding, Series A, 5.00%, 8/01/22 | 5,000,000 | 5,556,800 | ||
New York City Municipal Water Finance Authority Water and Sewer System Revenue, Second General Resolution, Fiscal 2010, Refunding, Series BB, 5.00%, 6/15/27 | 10,000,000 | 10,027,600 | ||
New York State Dormitory Authority State Personal Income Tax Revenue, General Purpose, Refunding, Series A, 5.00%, 12/15/19 | 6,095,000 | 6,214,462 | ||
| New York State Energy Research and Development Authority PCR, | ||||
New York State Electric and Gas Corp. Project, Refunding, Series D, 3.50%, 10/01/29 | 3,000,000 | 3,301,170 | ||
b Rochester Gas and Electric Corp. Project, Mandatory Put, Series A, 3.00%, 7/01/25 | 10,000,000 | 10,775,900 | ||
New York State HFAR, Affordable Housing, Climate Bond Certified/Green Bonds, Series K, GNMA Secured, 1.50%, 5/01/21 | 10,000,000 | 9,970,400 | ||
| Suffolk County GO, | ||||
Public Improvements, Series B, AGMC Insured, 4.00%, 10/15/28 | 4,205,000 | 4,882,131 | ||
Refunding, Series D, 4.00%, 10/15/19 | 3,835,000 | 3,868,595 | ||
Refunding, Series D, 4.00%, 10/15/20 | 4,270,000 | 4,407,665 | ||
Yonkers GO, Refunding, Series D, AGMC Insured, 5.00%, 8/01/19 | 4,720,000 | 4,747,517 | ||
| 89,946,001 | ||||
| North Carolina 1.3% | ||||
Charlotte COP, Transit Projects, Phase III, Series B, 3.00%, 6/01/22 | 7,500,000 | 7,509,450 | ||
| North Carolina State University at Raleigh Revenue, | ||||
General, The Board of Governors of the University of North Carolina, Refunding, Series A, 5.00%, 10/01/27 | 1,500,000 | 1,900,755 | ||
General, The Board of Governors of the University of North Carolina, Refunding, Series B, 5.00%, 10/01/26 | 3,000,000 | 3,726,780 | ||
| 13,136,985 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| North Dakota 0.5% | ||||
West Fargo GO, Cass County, Temporary, Refunding and Improvement, 2.15%, 5/01/21 | $5,000,000 | $5,001,500 | ||
| Ohio 3.9% | ||||
American Municipal Power Inc. Revenue, Prairie State Energy Campus Project, Refunding, Series A, 5.00%, 2/15/20 | 7,000,000 | 7,171,150 | ||
Lucas County Hospital Revenue, Promedica Healthcare Obligated Group, Refunding, Series A, 6.50%, 11/15/37 | 10,000,000 | 11,196,900 | ||
Marysville Wastewater Treatment System Revenue, Refunding, BAM Insured, 5.00%, 12/01/19 | 1,000,000 | 1,016,880 | ||
Ohio State Water Development Authority PCR, Loan Fund, Series A, 5.00%, 6/01/29 | 8,500,000 | 11,002,400 | ||
Ohio State Water Development Authority Revenue, Fresh Water, 5.00%, 6/01/28 | 7,000,000 | 8,949,080 | ||
| 39,336,410 | ||||
| Oklahoma 0.8% | ||||
| Oklahoma County Finance Authority Educational Facilities Lease Revenue, | ||||
Midwest City-Del City Public Schools Project, 5.00%, 10/01/19 | 510,000 | 515,783 | ||
Midwest City-Del City Public Schools Project, 5.00%, 10/01/20 | 1,350,000 | 1,411,547 | ||
Midwest City-Del City Public Schools Project, 5.00%, 10/01/22 | 1,000,000 | 1,108,040 | ||
| Tulsa County Industrial Authority Educational Facilities Lease Revenue, | ||||
Owasso Public Schools Project, 5.00%, 9/01/21 | 2,010,000 | 2,162,077 | ||
Owasso Public Schools Project, 5.00%, 9/01/22 | 1,500,000 | 1,661,190 | ||
Owasso Public Schools Project, 5.00%, 9/01/23 | 1,170,000 | 1,327,248 | ||
| 8,185,885 | ||||
| Oregon 1.9% | ||||
| Oregon State Department of Transportation Highway User Tax Revenue, | ||||
senior lien, Refunding, Series A, 5.00%, 11/15/22 | 5,000,000 | 5,602,050 | ||
senior lien, Refunding, Series C, 5.00%, 11/15/19 | 7,860,000 | 7,988,511 | ||
Oregon State GO, Higher Education, Refunding, Series B, 5.00%, 8/01/27 | 2,785,000 | 3,349,687 | ||
Salem-Keizer School District No. 24J GO, Marion and Polk Counties, 5.00%, 6/15/25 | 2,000,000 | 2,407,040 | ||
| 19,347,288 | ||||
| Pennsylvania 2.9% | ||||
| b | Lehigh County IDA, PCR, PPL Electric Utilities Corp. Project, Refunding, Mandatory Put, Series A, 1.80%, 9/01/22 | 10,000,000 | 9,948,200 | |
Pennsylvania State GO, Refunding, Second Series, 5.00%, 1/15/20 | 10,000,000 | 10,219,800 | ||
Westmoreland County Municipal Authority Revenue, Municipal Service, Pre-Refunded, 5.00%, 8/15/37 | 7,895,000 | 9,028,643 | ||
| 29,196,643 | ||||
| South Carolina 1.1% | ||||
| b | Patriots Energy Group Financing Agency Gas Supply Revenue, Mandatory Put, Sub Series A, 4.00%, 2/01/24 | 10,000,000 | 10,925,400 | |
| Tennessee 3.1% | ||||
| Memphis GO, | ||||
General Improvement, Refunding, 5.00%, 6/01/24 | 6,915,000 | 8,093,109 | ||
General Improvement, Refunding, 5.00%, 6/01/25 | 7,260,000 | 8,724,560 | ||
General Improvement, Refunding, 5.00%, 6/01/26 | 7,625,000 | 9,362,127 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Tennessee (continued) | ||||
| b | Tennergy Corp. Gas Supply Revenue, Mandatory Put, Series A, 5.00%, 10/01/24 | $5,000,000 | $5,771,050 | |
| 31,950,846 | ||||
| Texas 9.9% | ||||
| Clifton Higher Education Finance Corp. Revenue, | ||||
Education, IDEA Public Schools, Refunding, PSF Guarantee, 3.00%, 8/15/20 | 2,400,000 | 2,441,088 | ||
Education, IDEA Public Schools, Refunding, PSF Guarantee, 4.00%, 8/15/21 | 2,000,000 | 2,103,140 | ||
Education, IDEA Public Schools, Refunding, PSF Guarantee, 4.00%, 8/15/22 | 3,200,000 | 3,436,896 | ||
| Comal ISD, | ||||
GO, School Building, PSF Guarantee, 5.00%, 2/01/21 | 2,280,000 | 2,414,429 | ||
GO, School Building, PSF Guarantee, 5.00%, 2/01/22 | 2,250,000 | 2,456,483 | ||
| Cypress-Fairbanks ISD, | ||||
GO, Harris County, Refunding, PSF Guarantee, 5.00%, 2/15/22 | 7,320,000 | 8,005,372 | ||
b GO, Harris County, School Building, Series A-1, PSF Guarantee, Mandatory Put, 2.125%, 8/16/21 | 6,315,000 | 6,360,215 | ||
Dallas Waterworks and Sewer System Revenue, Dallas Denton Collin and Rockwall Counties, Refunding, Series A, 5.00%, 10/01/26 | 5,000,000 | 6,033,500 | ||
Fort Worth GO, Tarrant Denton Parker Johnson and Wise Counties, General Purpose, Refunding and Improvement, Series A, 5.00%, 3/01/20 | 5,000,000 | 5,130,350 | ||
Houston Utility System Revenue, Combined, first lien, Refunding, Series D, 5.00%, 11/15/26 | 1,000,000 | 1,233,720 | ||
Lubbock GO, Refunding, 5.00%, 2/15/25 | 5,150,000 | 6,109,857 | ||
| Northside ISD, | ||||
GO, Refunding, PSF Guarantee, 2.00%, 8/15/19 | 3,925,000 | 3,929,946 | ||
GO, Refunding, PSF Guarantee, 4.00%, 8/15/20 | 5,940,000 | 6,124,081 | ||
San Antonio ISD, GO, Bexar County, School Building, Refunding, PSF Guarantee, 5.00%, 2/15/21 | 14,880,000 | 15,777,710 | ||
Texas State A&M University System Permanent University Fund Revenue, Refunding, 5.00%, 7/01/19 | 5,845,000 | 5,860,898 | ||
| Texas State GO, | ||||
Water Financial Assistance, Water Infrastructure Fund, Refunding, Series B, Subseries B-3, 5.00%, 8/01/24 | 4,750,000 | 5,579,587 | ||
Water Financial Assistance, Water Infrastructure Fund, Refunding, Series B, Subseries B-3, 5.00%, 8/01/25 | 2,000,000 | 2,406,780 | ||
Water Financial Assistance, Water Infrastructure Fund, Refunding, Series B, Subseries B-3, 5.00%, 8/01/26 | 2,000,000 | 2,460,080 | ||
Texas State Water Development Board Revenue, State Revolving Fund, 5.00%, 8/01/27 | 4,200,000 | 5,263,818 | ||
| b | Texas Transportation Commission State Highway Fund Revenue, first tier, Mandatory Put, Refunding, Series B, 4.00%, 10/01/21 | 3,000,000 | 3,166,980 | |
University of Texas System Revenue, Board of Regents, Financing System, Series J, 5.00%, 8/15/21 | 4,000,000 | 4,313,040 | ||
| 100,607,970 | ||||
| Utah 0.1% | ||||
South Valley Water Reclamation Facility Sewer Revenue, AGMC Insured, 5.00%, 2/15/23 | 1,225,000 | 1,376,557 | ||
| Virginia 2.9% | ||||
| Virginia College Building Authority Educational Facilities Revenue, | ||||
21st Century College and Equipment Programs, Series A, 4.00%, 2/01/29 | 15,375,000 | 16,418,501 | ||
Public Higher Education Financing Program, Refunding, Series B, 5.00%, 9/01/20 | 11,760,000 | 12,285,084 | ||
Virginia State HDA Commonwealth Mortgage Revenue, Sub Series C-5, 2.45%, 7/01/19 | 1,400,000 | 1,401,008 | ||
| 30,104,593 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Washington 6.4% | ||||
Energy Northwest Electric Revenue, Columbia Generating Station, Refunding, Series A, 5.00%, 7/01/23 | $5,000,000 | $5,708,400 | ||
| King and Pierce Counties School District No. 408 Auburn GO, | ||||
5.00%, 12/01/27 | 1,700,000 | 2,152,183 | ||
5.00%, 12/01/28 | 3,300,000 | 4,158,627 | ||
Pierce County Sumner School District No. 320 GO, Unlimited Tax, Refunding and Improvement, 4.00%, 12/01/20 | 7,250,000 | 7,527,312 | ||
| Snoqualmie Valley School District No. 410 GO, | ||||
King County, Improvement and Refunding, 5.00%, 12/01/20 | 4,880,000 | 5,139,177 | ||
King County, Improvement and Refunding, 5.00%, 12/01/21 | 2,455,000 | 2,671,629 | ||
| Spokane County School District No. 354 Mead GO, | ||||
4.00%, 12/01/32 | 1,150,000 | 1,300,455 | ||
5.00%, 12/01/33 | 1,500,000 | 1,841,745 | ||
Spokane County School District No. 356 Central Valley GO, 4.00%, 12/01/31 | 8,295,000 | 9,444,438 | ||
| b | University of Washington Revenue, General, Mandatory Put, Series A, 5.00%, 5/01/22 | 5,000,000 | 5,399,550 | |
| Washington State GO, | ||||
Motor Vehicle Fuel Tax, Refunding, 5.00%, 7/01/23 | 3,255,000 | 3,607,256 | ||
Motor Vehicle Fuel Tax, Refunding, Series R-2015D, 5.00%, 7/01/28 | 3,985,000 | 4,696,960 | ||
Motor Vehicle Fuel Tax, Refunding, Series R-D, 5.00%, 7/01/23 | 4,085,000 | 4,527,079 | ||
Variable Purpose, Series D, 5.00%, 2/01/34 | 6,545,000 | 7,150,413 | ||
| 65,325,224 | ||||
| Wisconsin 1.1% | ||||
| Fond Du Lac GO, | ||||
Fond Du Lac County, Refunding, Series B, 2.00%, 4/01/20 | 700,000 | 702,506 | ||
Fond Du Lac County, Refunding, Series B, 2.00%, 4/01/22 | 1,000,000 | 1,012,970 | ||
Wisconsin State GO, Series B, 3.00%, 5/01/33 | 9,000,000 | 9,056,070 | ||
| 10,771,546 | ||||
Total Municipal Bonds (Cost $877,312,983) | 894,444,149 | |||
Total Investments before Short Term Investments (Cost $885,248,545) | 902,539,649 | |||
| Short Term Investments 11.8% | ||||
| Municipal Bonds 11.8% | ||||
| Arizona 1.7% | ||||
| e | Maricopa County IDA Hospital Revenue, Honor Health, Refunding, Series C, Weekly VRDN and Put, 2.22%, 9/01/24 | 17,000,000 | 17,011,730 | |
| Florida 2.4% | ||||
| e | Martin County PCR, Florida Power and Light Co. Project, Refunding, Daily VRDN and Put, 2.40%, 7/15/22 | 3,600,000 | 3,600,000 | |
| e | St. Lucie County PCR, Florida Power and Light Co. Project, Refunding, Daily VRDN and Put, 2.25%, 9/01/28 | 21,300,000 | 21,300,000 | |
| 24,900,000 |
| Principal Amount | Value | |||
| Short Term Investments (continued) | ||||
| Municipal Bonds (continued) | ||||
| Idaho 1.0% | ||||
Idaho State GO, TAN, 4.00%, 6/28/19 | $10,000,000 | $10,017,500 | ||
| Maryland 1.8% | ||||
| e | Montgomery County GO, Consolidated Public Improvement, Series E, SPA US Bank National Association, Daily VRDN and Put, 2.22%, 11/01/37 | 18,725,000 | 18,725,000 | |
| Minnesota 0.2% | ||||
| e | Minneapolis and St. Paul Housing and RDA Health Care System Revenue, Allina Health System, Refunding, Series B-1, LOC JPMorgan Chase Bank, Daily VRDN and Put, 2.21%, 11/15/35 | 1,400,000 | 1,400,000 | |
| e | Minnesota State Higher Education Facilities Authority Revenue, St. Paul Concordia University, Series Six-Q, LOC US Bank National Association, Daily VRDN and Put, 2.20%, 4/01/37 | 100,000 | 100,000 | |
| 1,500,000 | ||||
| New York 0.3% | ||||
| e | New York City GO, Fiscal 2014, Series D, Subseries D-3, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 8/01/38 | 3,400,000 | 3,400,000 | |
| North Carolina 1.5% | ||||
| e | The Charlotte-Mecklenburg Hospital Authority Revenue, | |||
Carolinas HealthCare System, Refunding, Series B, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.24%, 1/15/38 | 8,685,000 | 8,685,000 | ||
Carolinas HealthCare System, Refunding, Series C, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.24%, 1/15/37 | 6,585,000 | 6,585,000 | ||
| 15,270,000 | ||||
| Ohio 0.2% | ||||
Dublin City School District GO, Delaware and Union Counties, School Facilities Construction and Improvement, Series A, 3.00%, 12/01/19 | 2,415,000 | 2,434,465 | ||
| Oregon 0.1% | ||||
| e | Oregon State Facilities Authority Revenue, PeaceHealth, Refunding, Series B, LOC TD Bank National Association, Daily VRDN and Put, 2.20%, 8/01/34 | 900,000 | 900,000 | |
| Pennsylvania 1.3% | ||||
| e | Pennsylvania State Turnpike Commission Turnpike Revenue, | |||
Refunding, Series A-2, Weekly VRDN and Put, 2.12%, (MUNIPSA + 0.70%), 12/01/19 | 3,000,000 | 3,000,450 | ||
Refunding, Series B, Weekly VRDN and Put, 2.57%, (MUNIPSA + 1.15%), 12/01/19 | 5,000,000 | 5,002,450 | ||
| e | University of Pittsburgh of the Commonwealth System of Higher Education Revenue, Pitt Asset Notes, Higher Education, Weekly VRDN and Put, 1.66%, 9/15/21 | 5,000,000 | 4,992,100 | |
| 12,995,000 |
| Principal Amount | Value | |||
| Short Term Investments (continued) | ||||
| Municipal Bonds (continued) | ||||
| Tennessee 1.3% | ||||
| e | Shelby County Health Educational and Housing Facility Board Revenue, Methodist Le Bonheur Healthcare, Refunding, Series A, AGMC Insured, SPA US Bank National Association, Daily VRDN and Put, 2.20%,
6/01/42 | $13,105,000 | $13,105,000 | |
Total Short Term Investments (Cost $120,250,049) | 120,258,695 | |||
Total Investments (Cost $1,005,498,594) 100.3% | 1,022,798,344 | |||
Other Assets, less Liabilities (0.3)% | (3,485,689) | |||
Net Assets 100.0% | $1,019,312,655 |
| aSee Note 4 regarding investments in affiliated management investment companies. |
| bThe maturity date shown represents the mandatory put date. |
| cSecurity purchased on a when-issued basis. |
| dThe coupon rate shown represents the rate at period end. |
| eVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.5% | ||||
| Florida 95.0% | ||||
Atlantic Beach Health Care Facilities Revenue, Fleet Landing Project, Refunding, Series A, 5.00%, 11/15/38 | $1,105,000 | $1,246,097 | ||
Brevard County Health Facilities Authority Health Facilities Revenue, Health First Inc. Project, Refunding, 5.00%, 4/01/39 | 5,000,000 | 5,484,550 | ||
| Central Expressway Authority Revenue, | ||||
senior lien, Refunding, Series B, 4.00%, 7/01/39 | 5,000,000 | 5,404,600 | ||
senior lien, Refunding, Series B, 4.00%, 7/01/40 | 5,825,000 | 6,284,592 | ||
Citizens Property Insurance Corp. Revenue, Personal Lines Account/Commercial Lines Account, senior secured, Series A-1, 5.00%, 6/01/22 | 5,000,000 | 5,511,550 | ||
City of Winter Park Water and Sewer Revenue, Improvement, Pre-Refunded, 5.00%, 12/01/34 | 2,000,000 | 2,035,160 | ||
Clearwater City Water and Sewer Revenue, Series A, Pre-Refunded, 5.25%, 12/01/39 | 2,000,000 | 2,038,100 | ||
Collier County Educational Facilities Authority Revenue, Hodges University Inc. Project, 5.625%, 11/01/28 | 2,860,000 | 3,118,372 | ||
Collier County IDA Health Care Facilities Revenue, NCH Healthcare System Project, 6.25%, 10/01/39 | 5,000,000 | 5,391,250 | ||
Duval County School Board COP, Master Lease Program, Series A, Assured Guaranty, Pre-Refunded, 5.25%, 7/01/35 | 5,000,000 | 5,014,300 | ||
| Escambia County Health Facilities Authority Health Facility Revenue, | ||||
Baptist Hospital Inc. Project, Refunding, Series A, 5.75%, 8/15/29 | 7,195,000 | 7,513,091 | ||
Baptist Hospital Inc. Project, Series A, 6.00%, 8/15/36 | 11,000,000 | 11,507,980 | ||
| Florida Higher Educational Facilities Financing Authority Revenue, | ||||
Nova Southeastern University Project, 6.375%, 4/01/31 | 2,750,000 | 2,947,148 | ||
Rollins College Project, Pre-Refunded, 5.00%, 12/01/37 | 10,000,000 | 10,509,800 | ||
The University of Tampa Project, Refunding, Series A, 5.25%, 4/01/42 | 2,000,000 | 2,180,560 | ||
| Florida State Board of Education GO, | ||||
Full Faith and Credit, Public Education Capital Outlay, Refunding, Series C, 4.00%, 6/01/35 | 5,340,000 | 5,939,949 | ||
Full Faith and Credit, Public Education Capital Outlay, Refunding, Series F, 4.00%, 6/01/37 | 8,000,000 | 8,822,880 | ||
Public Education Capital Outlay, Refunding, Series D, 6.00%, 6/01/23 | 15,000,000 | 17,670,300 | ||
Public Education Capital Outlay, Series H, 5.00%, 6/01/40 | 7,295,000 | 7,534,349 | ||
Florida State Governmental Utility Authority Revenue, Lehigh Utility System, Pre-Refunded, 5.25%, 10/01/40 | 5,000,000 | 5,427,950 | ||
| Florida State Mid-Bay Bridge Authority Revenue, | ||||
Exchangeable, Series D, ETM, 6.10%, 10/01/22 | 3,545,000 | 3,987,345 | ||
first senior lien, Refunding, Series A, 5.00%, 10/01/40 | 5,000,000 | 5,581,400 | ||
Series A, ETM, 6.875%, 10/01/22 | 5,000,000 | 5,463,900 | ||
Florida State Municipal Loan Council Revenue, Series D, AGMC Insured, 5.50%, 10/01/41 | 3,750,000 | 4,057,950 | ||
| Florida State Municipal Power Agency Revenue, | ||||
All-Requirements Power Supply Project, Series A, Pre-Refunded, 6.25%, 10/01/31 | 2,000,000 | 2,031,280 | ||
Stanton Project, Refunding, 5.50%, 10/01/19 | 1,000,000 | 1,013,150 | ||
| Fort Pierce Utilities Authority Revenue, | ||||
Capital Appreciation, Series B, AMBAC Insured, zero cpn., 10/01/20 | 3,090,000 | 3,013,028 | ||
Capital Appreciation, Series B, AMBAC Insured, zero cpn., 10/01/21 | 2,585,000 | 2,469,683 | ||
Capital Appreciation, Series B, AMBAC Insured, zero cpn., 10/01/22 | 3,090,000 | 2,889,614 | ||
Capital Appreciation, Series B, AMBAC Insured, zero cpn., 10/01/23 | 3,060,000 | 2,796,534 | ||
Capital Appreciation, Series B, AMBAC Insured, zero cpn., 10/01/24 | 2,560,000 | 2,284,083 | ||
Gainesville Utilities System Revenue, Refunding, Series A, 5.00%, 10/01/47 | 5,000,000 | 6,084,800 | ||
Greater Orlando Aviation Authority Airport Facilities Revenue, Series A, 5.00%, 10/01/39 | 5,000,000 | 5,228,450 | ||
| Halifax Hospital Medical Center Hospital Revenue, | ||||
Daytona Beach, Refunding, 5.00%, 6/01/46 | 4,250,000 | 4,639,725 | ||
Daytona Beach, Refunding and Improvement, 5.00%, 6/01/36 | 2,500,000 | 2,812,300 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Florida (continued) | ||||
| Hillsborough County Aviation Authority Revenue, | ||||
Tampa International Airport, Customer Facility Charge, Series A, 5.00%, 10/01/44 | $5,000,000 | $5,621,250 | ||
Tampa International Airport, Series E, 5.00%, 10/01/43 | 5,000,000 | 5,922,350 | ||
Jacksonville Sales Tax Revenue, Better Jacksonville, Refunding, 5.00%, 10/01/30 | 2,000,000 | 2,199,920 | ||
Lakeland Hospital Revenue, Lakeland Regional Health Systems, 5.00%, 11/15/45 | 12,300,000 | 13,642,299 | ||
Martin County Health Facilities Authority Hospital Revenue, Martin Memorial Medical Center, Pre-Refunded, 5.50%, 11/15/42 | 2,100,000 | 2,301,621 | ||
Melbourne Water and Sewer Improvement Revenue, Capital Appreciation, FGIC Insured, ETM, zero cpn., 10/01/26 | 1,500,000 | 1,307,865 | ||
| Melbourne Water and Sewer Revenue, | ||||
Capital Appreciation, Refunding, Series B, NATL Insured, zero cpn., 10/01/22 | 1,785,000 | 1,670,332 | ||
Capital Appreciation, Refunding, Series B, NATL Insured, zero cpn., 10/01/26 | 4,500,000 | 3,809,925 | ||
Miami Beach RDA Tax Increment Revenue, City Center/Historic Convention Village, Refunding, Series A, AGMC Insured, 5.00%, 2/01/40 | 5,000,000 | 5,658,600 | ||
Miami Beach Stormwater Revenue, 5.00%, 9/01/41 | 10,000,000 | 11,475,000 | ||
Miami Health Facilities Authority Revenue, Miami Jewish Health Systems Inc. Project, Refunding, 5.125%, 7/01/46 | 2,250,000 | 2,518,313 | ||
Miami Parking System Revenue, Refunding, Assured Guaranty, 5.00%, 10/01/39 | 4,000,000 | 4,041,920 | ||
Miami Special Obligation Revenue, Parking, Marlins Stadium Project, Series A, AGMC Insured, 5.25%, 7/01/35 | 5,000,000 | 5,195,800 | ||
| Miami-Dade County Aviation Revenue, | ||||
Miami International Airport, Hub of the Americas, Series A, Pre-Refunded, 5.50%, 10/01/36 | 5,000,000 | 5,066,100 | ||
Miami International Airport, Refunding, Series B, 5.00%, 10/01/37 | 10,000,000 | 11,419,300 | ||
Miami International Airport, Refunding, Series B, 5.00%, 10/01/40 | 5,000,000 | 5,856,450 | ||
Miami International Airport, Series A-1, Pre-Refunded, 5.375%, 10/01/35 | 5,920,000 | 6,225,294 | ||
Miami International Airport, Series A-1, Pre-Refunded, 5.375%, 10/01/35 | 1,580,000 | 1,659,348 | ||
Miami-Dade County Expressway Authority Toll System Revenue, Series A, 5.00%, 7/01/40 | 18,770,000 | 19,413,623 | ||
| Miami-Dade County Health Facilities Authority Hospital Revenue, | ||||
Miami Children’s Hospital Project, Series A, 6.125%, 8/01/42 | 1,055,000 | 1,104,163 | ||
Miami Children’s Hospital Project, Series A, Pre-Refunded, 6.125%, 8/01/42 | 2,945,000 | 3,097,963 | ||
Nicklaus Children’s Hospital Project, Refunding, 5.00%, 8/01/42 | 3,000,000 | 3,496,470 | ||
Nicklaus Children’s Hospital Project, Refunding, 4.00%, 8/01/47 | 3,500,000 | 3,725,855 | ||
Miami-Dade County School District GO, School, 5.00%, 3/15/43 | 2,465,000 | 2,739,650 | ||
Miami-Dade County Seaport Revenue, Series A, 6.00%, 10/01/38 | 10,000,000 | 11,595,300 | ||
| Miami-Dade County Transit System Sales Surtax Revenue, | ||||
5.00%, 7/01/42 | 15,000,000 | 16,301,250 | ||
5.00%, 7/01/43 | 10,000,000 | 12,025,800 | ||
4.00%, 7/01/47 | 5,000,000 | 5,420,700 | ||
| Miami-Dade County Water and Sewer System Revenue, | ||||
Assured Guaranty, Pre-Refunded, 5.00%, 10/01/39 | 10,000,000 | 10,466,700 | ||
Refunding, 5.00%, 10/01/43 | 5,000,000 | 6,036,650 | ||
Refunding, Series A, 5.00%, 10/01/42 | 10,000,000 | 10,965,200 | ||
North Sumter County Utility Dependent District Utility Revenue, 5.75%, 10/01/43 | 5,000,000 | 5,280,150 | ||
| Orange County Health Facilities Authority Revenue, | ||||
Hospital, Orlando Health Inc., Series A, 5.00%, 10/01/42 | 10,000,000 | 10,615,900 | ||
Hospital, Orlando Health Obligated Group, Series A, 5.00%, 10/01/47 | 5,000,000 | 5,905,400 | ||
Presbyterian Retirement Communities Project, 5.00%, 8/01/41 | 5,000,000 | 5,488,150 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Florida (continued) | ||||
Orange County School Board COP, Series A, Assured Guaranty, Pre-Refunded, 5.50%, 8/01/34 | $10,000,000 | $10,065,200 | ||
| Orlando-Orange County Expressway Authority Revenue, | ||||
Refunding, Series A, 5.00%, 7/01/35 | 8,330,000 | 9,324,852 | ||
Series A, Pre-Refunded, 5.00%, 7/01/40 | 3,145,000 | 3,264,321 | ||
Series A, Pre-Refunded, 5.00%, 7/01/40 | 1,855,000 | 1,924,358 | ||
Series C, Pre-Refunded, 5.00%, 7/01/35 | 4,000,000 | 4,151,760 | ||
Series C, Pre-Refunded, 5.00%, 7/01/40 | 2,755,000 | 2,859,525 | ||
Palm Beach County Health Facilities Authority Revenue, Lifespace Communities Inc., Refunding, Series B, 5.00%, 5/15/47 | 5,000,000 | 5,467,050 | ||
Palm Beach County Water and Sewer Revenue, 5.00%, 10/01/40 | 5,000,000 | 5,054,750 | ||
Palm Beach GO, Underground Utility Project, 4.00%, 7/01/43 | 5,000,000 | 5,544,750 | ||
| Sarasota County Health Facilities Authority Revenue, | ||||
Retirement Facility, Improvement, Sunnyside Village Project, 5.00%, 5/15/33 | 600,000 | 671,784 | ||
Retirement Facility, Improvement, Sunnyside Village Project, 5.00%, 5/15/38 | 1,025,000 | 1,143,275 | ||
Retirement Facility, Improvement, Sunnyside Village Project, 5.00%, 5/15/48 | 1,850,000 | 2,061,862 | ||
Retirement Facility, Improvement, Village On The Isle Project, Series A, 5.00%, 1/01/37 | 2,350,000 | 2,588,549 | ||
Retirement Facility, Improvement, Village On The Isle Project, Series A, 5.00%, 1/01/42 | 1,600,000 | 1,751,584 | ||
Retirement Facility, Improvement, Village On The Isle Project, Series A, 5.00%, 1/01/47 | 2,450,000 | 2,676,625 | ||
Sarasota County Public Hospital District Revenue, Hospital, Sarasota Memorial Hospital Project, 4.00%, 7/01/48 | 10,000,000 | 10,744,500 | ||
South Lake County Hospital District Revenue, South Lake Hospital Inc., Refunding, 5.25%, 10/01/34 | 5,000,000 | 5,135,900 | ||
| South Miami Health Facilities Authority Hospital Revenue, | ||||
Baptist Health South Florida, Refunding, 4.00%, 8/15/42 | 5,000,000 | 5,374,400 | ||
Baptist Health South Florida, Refunding, 5.00%, 8/15/42 | 6,500,000 | 7,574,905 | ||
St. Petersburg Public Utility Revenue, Series A, Pre-Refunded, 5.00%, 10/01/36 | 2,180,000 | 2,205,659 | ||
Sunrise Utilities System Revenue, AMBAC Insured, Pre-Refunded, 5.20%, 10/01/22 | 1,050,000 | 1,078,623 | ||
Tamarac Utility System Revenue, Assured Guaranty, Pre-Refunded, 5.00%, 10/01/39 | 1,585,000 | 1,603,655 | ||
Tampa Bay Water Regional Water Supply Authority Utility System Revenue, 5.00%, 10/01/38 | 10,000,000 | 11,299,000 | ||
Tampa Hospital Revenue, H. Lee Moffitt Cancer Center Project, Refunding, Series B, 5.00%, 7/01/37 | 5,000,000 | 5,668,400 | ||
| Tampa Sports Authority Revenue, | ||||
Guaranteed Package, Tampa Bay Arena Project, NATL Insured, 6.05%, 10/01/20 | 570,000 | 587,761 | ||
Guaranteed Package, Tampa Bay Arena Project, NATL Insured, 6.10%, 10/01/26 | 2,695,000 | 3,165,736 | ||
Tampa-Hillsborough County Expressway Authority Revenue, 5.00%, 7/01/47 | 5,000,000 | 5,834,450 | ||
University of North Florida FICO Revenue, Capital Improvement, Housing Project, Refunding, AGMC Insured, 5.00%, 11/01/35 | 5,000,000 | 5,869,500 | ||
| Volusia County Educational Facility Authority Revenue, | ||||
Educational Facilities, Embry-Riddle Aeronautical University Inc. Project, Refunding, 5.00%, 10/15/42 | 1,500,000 | 1,726,950 | ||
Educational Facilities, Embry-Riddle Aeronautical University Inc. Project, Refunding, 5.00%, 10/15/47 | 3,500,000 | 4,022,130 | ||
| 535,648,245 | ||||
| U.S. Territories 3.5% | ||||
| Puerto Rico 3.5% | ||||
| a | Puerto Rico Electric Power Authority Power Revenue, | |||
Refunding, Series A, 5.00%, 7/01/42 | 10,000,000 | 8,000,000 | ||
Series XX, 5.25%, 7/01/40 | 10,000,000 | 8,025,000 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| U.S. Territories (continued) | ||||
| Puerto Rico (continued) | ||||
Puerto Rico Industrial Tourist Educational Medical and Environmental Control Facilities Financing Authority Revenue, Cogeneration Facility, AES Puerto Rico Project, 6.625%, 6/01/26 | $3,900,000 | $3,904,875 | ||
| 19,929,875 | ||||
Total Municipal Bonds before Short Term Investments (Cost $524,869,674) | 555,578,120 | |||
| Short Term Investments 0.6% | ||||
| Municipal Bonds 0.6% | ||||
| Florida 0.6% | ||||
| b | Martin County PCR, Florida Power and Light Co. Project, Refunding, Daily VRDN and Put, 2.40%, 7/15/22 | 2,100,000 | 2,100,000 | |
| b | St. Lucie County PCR, Florida Power and Light Co. Project, Refunding, Daily VRDN and Put, 2.25%, 9/01/28 | 1,400,000 | 1,400,000 | |
Total Short Term Investments (Cost $3,500,000) | 3,500,000 | |||
Total Investments (Cost $528,369,674) 99.1% | 559,078,120 | |||
Other Assets, less Liabilities 0.9% | 5,135,983 | |||
Net Assets 100.0% | $564,214,103 |
| aDefaulted security or security for which income has been deemed uncollectible. |
| bVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.3% | ||||
| Georgia 97.4% | ||||
| Athens Housing Authority Revenue, | ||||
UGAREF East Campus Housing Phase II LLC Project, Refunding, 5.00%, 6/15/36 | $2,390,000 | $2,830,358 | ||
UGAREF Fraternity Row LLC Project, Refunding, 4.00%, 6/15/40 | 5,000,000 | 5,416,300 | ||
| Atlanta Airport General Revenue, | ||||
Refunding, Series B, 5.00%, 1/01/42 | 2,000,000 | 2,146,400 | ||
Refunding, Series C, 6.00%, 1/01/30 | 6,000,000 | 6,424,980 | ||
Series A, 5.00%, 1/01/40 | 9,000,000 | 9,158,130 | ||
| Atlanta Airport Passenger Facility Charge Revenue, | ||||
General, sub. lien, Refunding, Series A, 5.00%, 1/01/33 | 4,005,000 | 4,536,143 | ||
General, sub. lien, Refunding, Series A, 5.00%, 1/01/34 | 3,250,000 | 3,674,937 | ||
Atlanta and Fulton County Recreation Authority Revenue, Park Improvement, Refunding, Series A, 5.00%, 12/01/35 | 3,530,000 | 4,067,266 | ||
| The Atlanta Development Authority Revenue, | ||||
New Downtown Atlanta Stadium Project, senior lien, Series A-1, 5.25%, 7/01/40 | 7,750,000 | 9,089,897 | ||
New Downtown Atlanta Stadium Project, senior lien, Series A-1, 5.25%, 7/01/44 | 3,000,000 | 3,506,370 | ||
Tuff Yamacraw LLC Project, Refunding, Series A, AMBAC Insured, 5.00%, 1/01/26 | 2,555,000 | 2,863,797 | ||
Atlanta Development Authority Student Housing Facilities Revenue, Piedmont/Ellis LLC University Commons Project Located on the Campus of Georgia State University, Pre-Refunded, 5.00%,
9/01/32 | 2,000,000 | 2,281,280 | ||
Atlanta Tax Allocation, Beltline Project, Refunding, Series B, 5.00%, 1/01/31 | 1,780,000 | 2,114,498 | ||
| Atlanta Water and Wastewater Revenue, | ||||
Refunding, 5.00%, 11/01/43 | 10,000,000 | 11,582,400 | ||
Refunding, Series B, 5.00%, 11/01/47 | 5,000,000 | 5,966,500 | ||
Series A, AGMC Insured, 5.50%, 11/01/27 | 5,000,000 | 6,207,250 | ||
Series A, Pre-Refunded, 6.00%, 11/01/28 | 5,055,000 | 5,149,276 | ||
Bainbridge PFAR, Decatur County Projects, AGMC Insured, 4.00%, 3/01/43 | 4,000,000 | 4,280,400 | ||
| a | Baldwin County Hospital Authority Revenue, | |||
Oconee Regional Medical Center, 5.25%, 12/01/22 | 2,500,000 | 25 | ||
Oconee Regional Medical Center, 5.375%, 12/01/28 | 2,000,000 | 20 | ||
Bartow-Cartersville Joint Development Authority Revenue, GHC Student Center LLC Project, AGMC Insured, 5.00%, 6/15/36 | 4,155,000 | 4,397,610 | ||
Bibb County Development Authority Revenue, Macon State College Foundation Real Estate II LLC Project, AGMC Insured, 5.00%, 7/01/40 | 5,000,000 | 5,418,300 | ||
Brunswick and Glynn County Joint Water and Sewer Commission Revenue, Series C, AGMC Insured, Pre-Refunded, 5.00%, 6/01/33 | 2,045,000 | 2,115,593 | ||
Buford GO, Refunding, Series C, 4.00%, 1/01/43 | 5,000,000 | 5,407,850 | ||
Bulloch County Development Authority Student Housing Revenue, Georgia Southern University Housing Foundation Five LLC Project, AGMC Insured, 5.00%, 7/01/36 | 2,055,000 | 2,178,814 | ||
Burke County Development Authority PCR, Oglethorpe Power Corp. Vogtle Project, Refunding, Series D, 4.125%, 11/01/45 | 6,000,000 | 6,322,020 | ||
| Carroll City-County Hospital Authority Revenue, | ||||
Anticipation Certificates, Tanner Medical Center Inc. Project, 5.00%, 7/01/41 | 2,000,000 | 2,266,360 | ||
Anticipation Certificates, Tanner Medical Center Inc. Project, Pre-Refunded, 5.00%, 7/01/40 | 5,000,000 | 5,186,950 | ||
Carrollton Payroll Development Authority Revenue, UWG Athletic Complex LLC Project, Anticipation Certificates, Refunding, AGMC Insured, 5.00%, 6/15/37 | 3,140,000 | 3,629,181 | ||
Clayton County Development Authority Revenue, Tuff Archives LLC-Secretary of State of Georgia Project, Refunding, 5.00%, 7/01/33 | 5,000,000 | 5,479,300 | ||
Clayton County Development Authority Student Housing Revenue, CSU Foundation Real Estate II LLC Project, AGMC Insured, 5.00%, 7/01/36 | 3,000,000 | 3,179,490 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Georgia (continued) | ||||
| Clayton County Hospital Authority Revenue, | ||||
Anticipation Certificates, Southern Regional Medical Center Project, Series A, Pre-Refunded, 5.00%, 8/01/30 | $2,000,000 | $2,078,160 | ||
Anticipation Certificates, Southern Regional Medical Center Project, Series A, Pre-Refunded, 5.25%, 8/01/35 | 1,000,000 | 1,041,940 | ||
Clayton County Urban RDAR, Clayton County Project, Refunding, 5.00%, 2/01/28 | 1,285,000 | 1,396,602 | ||
Cobb County Development Authority Revenue, Georgia Tech Cobb Research Campus, Series A, 4.00%, 6/01/42 | 1,600,000 | 1,734,000 | ||
Cobb County Development Authority Student Housing Revenue, Kennesaw State University Real Estate Foundations Projects, Senior, Refunding, Series A, 5.00%, 7/15/38 | 2,000,000 | 2,275,400 | ||
| Cobb County Development Authority Student Recreation and Activities Center Revenue, | ||||
KSU SRAC Real Estate Foundation LLC Project, 5.00%, 7/15/35 | 2,500,000 | 2,714,000 | ||
KSU SRAC Real Estate Foundation LLC Project, 5.00%, 7/15/38 | 2,500,000 | 2,710,850 | ||
Columbus Water and Sewerage Revenue, Series A, 5.00%, 5/01/33 | 1,030,000 | 1,180,050 | ||
Coweta County Development Authority Revenue, Piedmont Healthcare Inc. Project, 5.00%, 6/15/40 | 5,000,000 | 5,157,900 | ||
Coweta County Water and Sewage Authority Revenue, Refunding, 4.00%, 6/01/39 | 1,500,000 | 1,670,970 | ||
Dalton GO, 5.00%, 2/01/48 | 3,000,000 | 3,594,240 | ||
Dalton-Whitfield County Joint Development Authority Revenue, Hamilton Health Care System Obligated Group, 4.00%, 8/15/41 | 3,000,000 | 3,240,780 | ||
Decatur Urban RDAR, City of Decatur Projects, Series A, 5.00%, 1/01/38 | 6,195,000 | 6,816,978 | ||
| DeKalb County Water and Sewerage Revenue, | ||||
Refunding, Series B, AGMC Insured, 5.00%, 10/01/35 | 10,655,000 | 12,768,100 | ||
Second Resolution, Series A, 5.25%, 10/01/41 | 11,425,000 | 12,290,444 | ||
| DeKalb Newton and Gwinnett County Joint Development Authority Revenue, | ||||
GGC Student Center LLC Project, Pre-Refunded, 5.50%, 7/01/34 | 3,000,000 | 3,009,030 | ||
GGCF Athletic Fields LLC Project, Series A, AGMC Insured, 5.00%, 7/01/39 | 5,000,000 | 5,419,850 | ||
DeKalb Private Hospital Authority Revenue, Anticipation Certificates, Children’s Healthcare of Atlanta Inc. Project, Refunding, 5.25%, 11/15/39 | 5,000,000 | 5,076,850 | ||
Fairburn GO, AGMC Insured, Pre-Refunded, 5.75%, 12/01/31 | 2,000,000 | 2,210,220 | ||
Floyd County Hospital Authority Revenue, Anticipation Certificates, Floyd Medical Center Project, Refunding, Series A, 4.00%, 7/01/43 | 7,735,000 | 8,274,671 | ||
Forsyth County School District GO, 5.00%, 2/01/38 | 2,650,000 | 3,251,471 | ||
Fulton County Development Authority Hospital Revenue, Anticipation Certificates, Wellstar Health System Inc. Project, Series A, 5.00%, 4/01/47 | 1,000,000 | 1,151,860 | ||
| Fulton County Development Authority Revenue, | ||||
AMC Campus Project I LLC Project, AGMC Insured, 5.00%, 6/15/37 | 3,075,000 | 3,252,643 | ||
Georgia Tech Facilities, 4.00%, 3/01/43 | 2,000,000 | 2,186,720 | ||
Georgia Tech Facilities Inc. Project, Refunding, Series A, 5.00%, 6/01/34 | 4,000,000 | 4,009,520 | ||
Georgia Tech Facilities Inc. Project, Series A, 5.00%, 6/01/41 | 3,500,000 | 3,613,785 | ||
Piedmont Healthcare Inc. Project, Refunding, Series A, 5.00%, 7/01/44 | 10,000,000 | 11,073,500 | ||
Piedmont Healthcare Inc. Project, Series A, Pre-Refunded, 5.25%, 6/15/37 | 5,000,000 | 5,005,850 | ||
Fulton County GO, Library Bond, 4.00%, 7/01/40 | 5,000,000 | 5,463,250 | ||
Fulton County Residential Care Facilities Elderly Authority Retirement Facility Revenue, Lenbrook Square Foundation Inc. Project, Refunding, 5.00%, 7/01/42 | 6,000,000 | 6,511,260 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Georgia (continued) | ||||
| Gainesville and Hall County Hospital Authority Revenue, | ||||
Anticipation Certificates, Northeast Georgia Health System Inc. Project, Refunding, Series A, 5.375%, 2/15/40 | $1,245,000 | $1,277,607 | ||
Anticipation Certificates, Northeast Georgia Health System Inc. Project, Refunding, Series A, 5.00%, 2/15/42 | 7,000,000 | 8,024,730 | ||
Anticipation Certificates, Northeast Georgia Health System Inc. Project, Series A, Pre-Refunded, 5.375%, 2/15/40 | 3,755,000 | 3,856,535 | ||
| Georgia State GO, | ||||
Series A, 4.00%, 7/01/36 | 5,000,000 | 5,675,150 | ||
Series A-2, 4.00%, 2/01/36 | 5,000,000 | 5,585,500 | ||
| Georgia State HFAR, | ||||
SFM, Series A, 3.80%, 12/01/37 | 5,000,000 | 5,144,850 | ||
SFM, Series A, 3.85%, 12/01/38 | 6,150,000 | 6,534,744 | ||
SFM, Series A, 3.95%, 12/01/43 | 3,000,000 | 3,173,760 | ||
SFM, Series B, 4.05%, 12/01/38 | 2,000,000 | 2,150,960 | ||
Georgia State Municipal Electric Authority Revenue, Power, Series GG, 5.00%, 1/01/39 | 7,000,000 | 7,597,870 | ||
| Georgia State Municipal Gas Authority Revenue, | ||||
Gas Portfolio III Project, Refunding, Series S, 5.00%, 10/01/25 | 2,500,000 | 2,762,400 | ||
Gas Portfolio III Project, Refunding, Series S, 5.00%, 10/01/26 | 2,500,000 | 2,760,700 | ||
Glynn-Brunswick Memorial Hospital Authority Revenue, Anticipation Certificates, Southeast Georgia Health System Project, 5.00%, 8/01/47 | 5,000,000 | 5,657,550 | ||
| Gwinnett County Development Authority COP, | ||||
Gwinnett County Public Schools Project, Refunding, NATL Insured, 5.25%, 1/01/22 | 3,000,000 | 3,287,430 | ||
Gwinnett County Public Schools Project, Refunding, NATL Insured, 5.25%, 1/01/24 | 2,000,000 | 2,328,940 | ||
Gwinnett County Hospital Authority Revenue, Anticipation Certificates, Gwinnett Hospital System Inc. Project, Series D, AGMC Insured, 5.50%, 7/01/37 | 4,000,000 | 4,009,560 | ||
Gwinnett County School District GO, 5.00%, 2/01/41 | 3,000,000 | 3,713,670 | ||
Henry County School District GO, 4.00%, 8/01/33 | 5,000,000 | 5,574,000 | ||
Hogansville Combined Public Utility System Revenue, Refunding, AGMC Insured, 6.00%, 10/01/23 | 2,240,000 | 2,405,021 | ||
Lawrenceville Building Authority Revenue, 5.00%, 4/01/35 | 2,270,000 | 2,629,318 | ||
Macon Water Authority Revenue, Water and Sewer, 4.00%, 10/01/35 | 2,810,000 | 3,234,928 | ||
Macon-Bibb County Hospital Authority Revenue, Anticipation Certificates, The Medical Center of Central Georgia Inc. Project, Pre-Refunded, 5.00%, 8/01/35 | 5,000,000 | 5,027,850 | ||
Main Street Natural Gas Inc. Gas Supply Revenue, Series A, 5.00%, 5/15/38 | 2,500,000 | 3,207,225 | ||
Main Street Natural Gas Inc. Revenue, Gas Project, Series A, 5.50%, 9/15/27 | 5,000,000 | 6,241,600 | ||
Medical Center Hospital Authority Revenue, Anticipation Certificates, Columbus Regional Healthcare System Inc. Project, AGMC Insured, Pre-Refunded, 5.00%, 8/01/41 | 5,000,000 | 5,201,300 | ||
Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue, Third Indenture Series, Series B, 5.00%, 7/01/45 | 5,000,000 | 5,855,550 | ||
Moultrie-Colquitt County Development Authority Revenue, Philadelphia College of Osteopathic Medicine Project, 5.00%, 12/01/43 | 4,815,000 | 5,677,029 | ||
Paulding County Hospital Authority Revenue, Anticipation Certificates, Series A, 5.00%, 4/01/42 | 3,500,000 | 3,731,315 | ||
Pierce County School District GO, 4.00%, 1/01/43 | 3,725,000 | 4,035,553 | ||
| Private Colleges and Universities Authority Revenue, | ||||
Emory University, Refunding, Series A, 5.00%, 9/01/41 | 8,695,000 | 9,281,217 | ||
Emory University, Refunding, Series A, 5.00%, 10/01/43 | 5,000,000 | 5,554,250 | ||
Emory University, Refunding, Series B, 5.00%, 9/01/35 | 10,000,000 | 10,079,600 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Georgia (continued) | ||||
Richmond County Hospital Authority Revenue, Anticipation Certificates, University Health Services Inc. Project, Refunding, 4.00%, 1/01/35 | $8,000,000 | $8,609,600 | ||
Sandy Springs PFAR, City Center Project, 5.00%, 5/01/41 | 3,000,000 | 3,531,150 | ||
| Thomasville Hospital Authority Revenue, | ||||
Anticipation Certificates, John D. Archbold Memorial Hospital Inc. Project, Pre-Refunded, 5.25%, 11/01/35 | 1,000,000 | 1,052,440 | ||
Anticipation Certificates, John D. Archbold Memorial Hospital Inc. Project, Pre-Refunded, 5.375%, 11/01/40 | 5,000,000 | 5,270,900 | ||
Tift County Hospital Revenue, Anticipation Certificates, Refunding, 5.00%, 12/01/38 | 2,000,000 | 2,198,540 | ||
Valdosta and Lowndes County Hospital Authority Revenue, Certificates, South Georgia Medical Center Project, Series B, 5.00%, 10/01/41 | 3,000,000 | 3,186,990 | ||
Worth County School District GO, 5.00%, 12/01/42 | 5,000,000 | 5,933,650 | ||
| 448,119,571 | ||||
| U.S. Territories 0.9% | ||||
| Puerto Rico 0.9% | ||||
| a | Puerto Rico Electric Power Authority Power Revenue, Series XX, 5.25%, 7/01/40 | 5,000,000 | 4,012,500 | |
Total Municipal Bonds before Short Term Investments (Cost $433,011,856) | 452,132,071 | |||
| Short Term Investments 0.6% | ||||
| Municipal Bonds 0.6% | ||||
| Georgia 0.6% | ||||
| b | Athens-Clarke County Unified Government Development Authority Revenue, University of Georgia Athletic Assn. Project, Series B, LOC Wells Fargo Bank, Daily VRDN and Put, 2.18%, 7/01/35 | 1,300,000 | 1,300,000 | |
| b | Fulton County Development Authority Revenue, Children’s Healthcare of Atlanta Inc. Project, Refunding, SPA PNC Bank, Weekly VRDN and Put, 1.37%, 7/01/42 | 1,200,000 | 1,200,000 | |
Total Short Term Investments (Cost $2,500,000) | 2,500,000 | |||
Total Investments (Cost $435,511,856) 98.9% | 454,632,071 | |||
Other Assets, less Liabilities 1.1% | 5,135,953 | |||
Net Assets 100.0% | $459,768,024 |
| aDefaulted security or security for which income has been deemed uncollectible. |
| bVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 95.3% | ||||
| Alabama 2.7% | ||||
Alabama State Port Authority Docks Facilities Revenue, Pre-Refunded, 6.00%, 10/01/40 | $6,000,000 | $6,362,580 | ||
Cullman County Health Care Authority Revenue, Regional Medical Center, Series A, 7.00%, 2/01/36 | 5,000 | 5,009 | ||
| Jefferson County Sewer Revenue, | ||||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/28 | 7,350,000 | 4,795,801 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/29 | 13,465,000 | 8,079,539 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/30 | 19,050,000 | 10,498,836 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/31 | 24,845,000 | 12,544,737 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/32 | 30,825,000 | 14,315,746 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/33 | 35,700,000 | 15,278,886 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/34 | 28,020,000 | 11,019,706 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/35 | 15,000,000 | 5,426,700 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series E, zero cpn., 10/01/36 | 12,425,000 | 4,124,355 | ||
Capital Appreciation, wts., sub. lien, Refunding, Series F, zero cpn. to 9/30/23, 7.50% thereafter, 10/01/39 | 75,000,000 | 70,269,750 | ||
| Selma IDBR, | ||||
Gulf Opportunity Zone, International Paper Co. Project, Series A, 5.80%, 5/01/34 | 3,000,000 | 3,106,920 | ||
Gulf Opportunity Zone, International Paper Co. Project, Series A, 5.375%, 12/01/35 | 3,250,000 | 3,520,693 | ||
| 169,349,258 | ||||
| Arizona 1.6% | ||||
Arizona Health Facilities Authority Revenue, Catholic Healthcare West, Series B, Sub Series B-1, 5.25%, 3/01/39 | 10,000,000 | 10,539,700 | ||
| La Paz County IDA Education Facility Lease Revenue, | ||||
Charter School Solutions-Harmony Public Schools Project, Series A, 5.00%, 2/15/38 | 1,000,000 | 1,114,090 | ||
Charter School Solutions-Harmony Public Schools Project, Series A, 5.00%, 2/15/48 | 1,000,000 | 1,104,660 | ||
| Maricopa County IDA Education Revenue, | ||||
Benjamin Franklin Charter School Projects, Series A, 6.00%, 7/01/38 | 5,000,000 | 5,713,700 | ||
Benjamin Franklin Charter School Projects, Series A, 6.00%, 7/01/52 | 10,000,000 | 11,233,900 | ||
Maricopa County PCC, PCR, Public Service Co. of New Mexico Palo Verde Project, Refunding, Series A, 6.25%, 1/01/38 | 15,000,000 | 15,526,500 | ||
Pima County IDAR, Tucson Electric Power Co. Project, Series A, 5.25%, 10/01/40 | 15,405,000 | 16,041,535 | ||
| Salt Verde Financial Corp. Senior Gas Revenue, | ||||
5.25%, 12/01/25 | 6,000,000 | 7,093,560 | ||
5.50%, 12/01/29 | 11,105,000 | 14,208,403 | ||
| Tempe IDAR, | ||||
Mirabella at ASU Project, Series A, 6.00%, 10/01/37 | 1,200,000 | 1,353,948 | ||
Mirabella at ASU Project, Series A, 6.125%, 10/01/47 | 1,400,000 | 1,569,834 | ||
Mirabella at ASU Project, Series A, 6.125%, 10/01/52 | 1,400,000 | 1,564,654 | ||
| University Medical Center Corp. Hospital Revenue, | ||||
Tucson, Pre-Refunded, 6.00%, 7/01/24 | 250,000 | 250,855 | ||
Tucson, Pre-Refunded, 6.25%, 7/01/29 | 1,000,000 | 1,003,610 | ||
Tucson, Pre-Refunded, 6.50%, 7/01/39 | 1,500,000 | 1,505,670 | ||
Yuma County IDA Water and Sewer Exempt Facility Revenue, Far West Water and Sewer Inc. Project, Refunding, Series A, 6.375%, 12/01/37 | 15,095,000 | 14,766,835 | ||
| 104,591,454 | ||||
| Arkansas 0.2% | ||||
Arkansas State Development Finance Authority IDR, Big River Steel Project, 4.50%, 9/01/49 | 10,000,000 | 10,314,300 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| California 22.0% | ||||
Alvord USD, GO, Riverside County, Capital Appreciation, Election of 2007, Refunding, Series B, AGMC Insured, zero cpn., 8/01/41 | $30,750,000 | $14,141,617 | ||
Azusa Special Tax, CFD No. 2005-1, Rosedale, Improvement Area No. 1, 5.00%, 9/01/37 | 3,615,000 | 3,635,352 | ||
California County Tobacco Securitization Agency Tobacco Settlement Revenue, Asset-Backed, Alameda County Tobacco Asset Securitization Corp., 5.875%, 6/01/35 | 3,700,000 | 3,735,520 | ||
| California Health Facilities Financing Authority Revenue, | ||||
Children’s Hospital of Orange County, Series A, 6.50%, 11/01/24 | 5,000,000 | 5,106,700 | ||
Children’s Hospital of Orange County, Series A, 6.50%, 11/01/38 | 8,000,000 | 8,155,760 | ||
| California State GO, | ||||
Various Purpose, 5.25%, 11/01/40 | 47,000,000 | 49,444,000 | ||
Various Purpose, Refunding, 5.25%, 3/01/30 | 70,000,000 | 72,006,200 | ||
Various Purpose, Refunding, 5.50%, 3/01/40 | 60,000,000 | 61,766,400 | ||
Various Purpose, Refunding, 5.00%, 10/01/41 | 10,000,000 | 10,801,400 | ||
| California State Municipal Finance Authority Revenue, | ||||
California Baptist University, Series A, 5.50%, 11/01/45 | 17,400,000 | 19,973,112 | ||
California Baptist University, Series A, 5.00%, 11/01/46 | 6,800,000 | 7,644,356 | ||
Harbor Regional Center Project, Pre-Refunded, 8.50%, 11/01/39 | 5,000,000 | 5,144,350 | ||
| California State PCFA Solid Waste Disposal Revenue, | ||||
CalPlant I Project, Green Bonds, 7.50%, 7/01/32 | 24,500,000 | 25,776,695 | ||
CalPlant I Project, Green Bonds, 8.00%, 7/01/39 | 10,000,000 | 11,009,200 | ||
California State PCFA Water Facilities Revenue, American Water Capital Corp. Project, 5.25%, 8/01/40 | 6,000,000 | 6,270,660 | ||
| California State Public Works Board Lease Revenue, | ||||
Trustees of the California State University, J. Paul Leonard and Sutro Library, Series J, Pre-Refunded, 6.00%, 11/01/29 | 7,365,000 | 7,508,470 | ||
Trustees of the California State University, J. Paul Leonard and Sutro Library, Series J, Pre-Refunded, 6.00%, 11/01/34 | 17,560,000 | 17,902,069 | ||
Various Capital Projects, Series A, 5.00%, 4/01/30 | 17,785,000 | 19,463,193 | ||
| California Statewide CDA Revenue, | ||||
American Baptist Homes of the West, Refunding, 6.00%, 10/01/29 | 3,125,000 | 3,170,375 | ||
American Baptist Homes of the West, Refunding, 6.25%, 10/01/39 | 5,000,000 | 5,076,350 | ||
Lancer Educational Student Housing Project, Refunding, Series A, 5.00%, 6/01/36 | 7,210,000 | 7,993,439 | ||
Loma Linda University Medical Center, Refunding, Series A, 5.25%, 12/01/44 | 13,000,000 | 14,336,400 | ||
Loma Linda University Medical Center, Series A, 5.25%, 12/01/56 | 3,000,000 | 3,345,870 | ||
Centinela Valley UHSD, GO, Los Angeles County, Capital Appreciation, Election of 2010, Refunding, Series B, AGMC Insured, zero cpn., 8/01/37 | 8,400,000 | 3,341,184 | ||
| Compton Community College District GO, | ||||
Capital Appreciation, Election of 2002, Series D, BAM Insured, zero cpn., 8/01/30 | 3,425,000 | 2,033,149 | ||
Capital Appreciation, Election of 2002, Series D, BAM Insured, zero cpn., 8/01/32 | 4,000,000 | 2,059,720 | ||
Capital Appreciation, Election of 2002, Series D, BAM Insured, zero cpn., 8/01/34 | 4,560,000 | 2,024,822 | ||
Capital Appreciation, Election of 2002, Series D, BAM Insured, zero cpn., 8/01/36 | 5,250,000 | 2,014,740 | ||
Capital Appreciation, Election of 2002, Series D, BAM Insured, zero cpn., 8/01/37 | 3,065,000 | 1,093,377 | ||
Capital Appreciation, Election of 2002, Series D, BAM Insured, zero cpn., 8/01/38 | 6,000,000 | 1,990,980 | ||
| Foothill/Eastern Transportation Corridor Agency Toll Road Revenue, | ||||
Capital Appreciation, Refunding, Series A, AGMC Insured, zero cpn. to 1/15/24, 5.40% thereafter, 1/15/30 | 10,000,000 | 10,336,900 | ||
Capital Appreciation, Refunding, Series A, AGMC Insured, zero cpn. to 1/15/24, 5.50% thereafter, 1/15/31 | 7,295,000 | 7,664,127 | ||
junior lien, Refunding, Series C, 6.25%, 1/15/33 | 17,580,000 | 20,669,861 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| California (continued) | ||||
| Foothill/Eastern Transportation Corridor Agency Toll Road Revenue, (continued) | ||||
junior lien, Refunding, Series C, 6.50%, 1/15/43 | $28,790,000 | $34,098,588 | ||
| Golden State Tobacco Securitization Corp. Tobacco Settlement Revenue, | ||||
Asset-Backed, Capital Appreciation, First Subordinate, Series B, zero cpn., 6/01/47 | 50,000,000 | 8,385,000 | ||
Asset-Backed, Refunding, Series A-2, 5.00%, 6/01/47 | 20,000,000 | 19,900,200 | ||
Los Angeles Department of Airports Revenue, Los Angeles International Airport, Senior, Series D, 5.00%, 5/15/40 | 52,685,000 | 54,417,283 | ||
Los Angeles USD, GO, Series KRY, 5.25%, 7/01/34 | 36,625,000 | 38,107,580 | ||
| M-S-R Energy Authority Gas Revenue, | ||||
Series B, 6.125%, 11/01/29 | 30,505,000 | 38,749,586 | ||
Series B, 7.00%, 11/01/34 | 20,000,000 | 29,916,200 | ||
Series C, 6.50%, 11/01/39 | 20,000,000 | 30,051,600 | ||
Novato RDA Tax Allocation, Hamilton Field Redevelopment Project, 6.75%, 9/01/40 | 3,750,000 | 4,132,538 | ||
| Palmdale Elementary School District Special Tax, | ||||
CFD No. 90-1, Capital Appreciation, Series A, AGMC Insured, zero cpn., 8/01/28 | 1,500,000 | 1,212,105 | ||
CFD No. 90-1, Capital Appreciation, Series A, AGMC Insured, zero cpn., 8/01/30 | 1,250,000 | 932,875 | ||
CFD No. 90-1, Capital Appreciation, Series A, AGMC Insured, zero cpn., 8/01/31 | 1,250,000 | 888,638 | ||
CFD No. 90-1, Capital Appreciation, Series A, AGMC Insured, zero cpn. to 8/01/25, 5.625% thereafter, 8/01/34 | 2,500,000 | 2,368,625 | ||
| Riverside County Transportation Commission Toll Revenue, | ||||
Capital Appreciation, senior lien, Series B, zero cpn., 6/01/32 | 4,000,000 | 2,666,600 | ||
Capital Appreciation, senior lien, Series B, zero cpn., 6/01/33 | 5,500,000 | 3,515,105 | ||
Capital Appreciation, senior lien, Series B, zero cpn., 6/01/41 | 5,000,000 | 2,241,000 | ||
Capital Appreciation, senior lien, Series B, zero cpn., 6/01/42 | 7,000,000 | 3,011,750 | ||
senior lien, Series A, 5.75%, 6/01/44 | 6,065,000 | 6,719,413 | ||
| San Buenaventura Revenue, | ||||
Community Memorial Health System, 8.00%, 12/01/31 | 10,000,000 | 11,273,500 | ||
Community Memorial Health System, 7.50%, 12/01/41 | 15,000,000 | 16,692,000 | ||
| San Diego USD, | ||||
GO, Dedicated Unlimited Ad Valorem Property Tax, Capital Appreciation, Election of 2008, Series E, zero cpn. to 7/01/32, 5.25% thereafter, 7/01/42 | 44,565,000 | 34,380,561 | ||
GO, Dedicated Unlimited Ad Valorem Property Tax, Capital Appreciation, Election of 2008, Series E, zero cpn. to 7/01/32, 5.375% thereafter, 7/01/47 | 33,305,000 | 26,291,300 | ||
GO, Dedicated Unlimited Ad Valorem Property Tax, Capital Appreciation, Election of 2008, Series G, zero cpn., 7/01/34 | 5,000,000 | 2,587,100 | ||
GO, Dedicated Unlimited Ad Valorem Property Tax, Capital Appreciation, Election of 2008, Series G, zero cpn., 7/01/35 | 10,000,000 | 4,868,400 | ||
San Francisco City and County COP, Multiple Capital Improvement Projects, Series A, 5.00%, 4/01/29 | 10,000,000 | 10,027,400 | ||
| San Joaquin Hills Transportation Corridor Agency Toll Road Revenue, | ||||
Capital Appreciation, Refunding, Series A, zero cpn. to 7/15/21, 5.75% thereafter, 1/15/41 | 35,256,000 | 40,027,194 | ||
Capital Appreciation, Refunding, Series A, zero cpn. to 7/15/21, 5.75% thereafter, 1/15/42 | 35,256,000 | 40,222,160 | ||
junior lien, Capital Appreciation, ETM, zero cpn., 1/01/24 | 52,700,000 | 49,396,764 | ||
junior lien, Capital Appreciation, ETM, zero cpn., 1/01/25 | 45,200,000 | 41,678,920 | ||
junior lien, Capital Appreciation, ETM, zero cpn., 1/01/26 | 131,900,000 | 119,322,016 | ||
junior lien, Capital Appreciation, ETM, zero cpn., 1/01/27 | 139,100,000 | 122,819,736 | ||
junior lien, Refunding, Series B, 5.25%, 1/15/44 | 20,000,000 | 22,422,000 | ||
junior lien, Refunding, Series B, 5.25%, 1/15/49 | 25,000,000 | 27,963,500 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| California (continued) | ||||
San Jose Special Hotel Tax Revenue, Convention Center Expansion and Renovation Project, 6.50%, 5/01/42 | $10,000,000 | $10,915,600 | ||
San Mateo UHSD, GO, Capital Appreciation, Election of 2010, Refunding, Series A, zero cpn. to 9/01/28, 6.70% thereafter, 9/01/41 | 20,000,000 | 20,020,000 | ||
San Mateo-Foster City School District GO, Capital Appreciation, Election of 2008, Series A, zero cpn. to 8/01/26, 6.625% thereafter, 8/01/42 | 40,000,000 | 38,402,000 | ||
| San Ysidro School District GO, | ||||
Capital Appreciation, Refunding, AGMC Insured, zero cpn., 8/01/42 | 10,000,000 | 3,419,600 | ||
Capital Appreciation, Refunding, AGMC Insured, zero cpn., 8/01/43 | 12,500,000 | 4,044,625 | ||
| Silicon Valley Tobacco Securitization Authority Tobacco Settlement Revenue, | ||||
Santa Clara County Tobacco Securitization Corp., Asset-Backed, Turbo Capital Appreciation, Series A, zero cpn., 6/01/36 | 15,000,000 | 5,820,150 | ||
Santa Clara County Tobacco Securitization Corp., Asset-Backed, Turbo Capital Appreciation, Series C, zero cpn., 6/01/56 | 60,000,000 | 5,038,200 | ||
South Bayside Waste Management Authority Solid Waste Enterprise Revenue, Shoreway Environmental Center, Series A, 6.00%, 9/01/36 | 7,740,000 | 7,822,121 | ||
Southern California Public Power Authority Gas Project Revenue, Project No. 1, Series A, 5.25%, 11/01/27 | 9,855,000 | 12,075,529 | ||
Tobacco Securitization Authority Southern California Tobacco Settlement Revenue, First Subordinate Capital Appreciation, Series B, zero cpn., 6/01/46 | 50,000,000 | 8,206,500 | ||
| 1,403,687,910 | ||||
| Colorado 4.0% | ||||
9th Avenue Metropolitan District No. 2 GO, In the City and County of Denver, Limited Tax, 5.00%, 12/01/48 | 2,475,000 | 2,572,094 | ||
Banning Lewis Ranch Regional Metropolitan District GO, In the City of Colorado Springs, El Paso County, Limited Tax, Series A, 5.375%, 12/01/48 | 2,245,000 | 2,342,635 | ||
| Bradburn Metropolitan District No. 2 GO, | ||||
Westminster Adams County, Refunding and Improvement, Series A, 5.00%, 12/01/38 | 600,000 | 635,808 | ||
Westminster Adams County, Refunding and Improvement, Series A, 5.00%, 12/01/47 | 2,400,000 | 2,519,112 | ||
| Brighton Crossing Metropolitan District No. 4 GO, | ||||
Adams County, Limited Tax, Series A, 5.00%, 12/01/37 | 525,000 | 548,950 | ||
Adams County, Limited Tax, Series A, 5.00%, 12/01/47 | 1,220,000 | 1,269,325 | ||
| Colorado Health Facilities Authority Revenue, | ||||
The Evangelical Lutheran Good Samaritan Society Project, Refunding, Series A, 5.00%, 6/01/45 | 14,000,000 | 15,461,600 | ||
Frasier Meadows Retirement Community Project, Refunding and Improvement, Series A, 5.25%, 5/15/47 | 4,250,000 | 4,724,640 | ||
Copperleaf Metropolitan District No. 2 GO, Refunding, 5.75%, 12/01/45 | 2,000,000 | 2,099,260 | ||
Copperleaf Metropolitan District No. 6 GO, Arapahoe County, Limited Tax, Series A, 5.25%, 12/01/48 | 3,850,000 | 3,955,490 | ||
| Cornerstar Metropolitan District GO, | ||||
City of Aurora, Arapahoe County, Limited Tax, Refunding, Series A, 5.125%, 12/01/37 | 1,000,000 | 1,050,340 | ||
City of Aurora, Arapahoe County, Limited Tax, Refunding, Series A, 5.25%, 12/01/47 | 2,600,000 | 2,726,594 | ||
Cottonwood Highlands Metropolitan District No.1 GO, In the Town of Parker, Limited Tax, Series A, 5.00%, 12/01/49 | 900,000 | 922,032 | ||
| Denver Health and Hospital Authority Healthcare Revenue, | ||||
Refunding, Series A, 4.00%, 12/01/35 | 5,000,000 | 5,331,850 | ||
Refunding, Series A, 4.00%, 12/01/36 | 5,000,000 | 5,314,650 | ||
Denver International Business Center Metropolitan District No. 1 GO, In the County of Denver, Limited Tax, Subordinate, Series B, 6.00%, 12/01/48 | 2,000,000 | 2,019,960 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Colorado (continued) | ||||
| E-470 Public Highway Authority Revenue, | ||||
Current Interest, Senior, Series C, 5.375%, 9/01/26 | $5,000,000 | $5,210,100 | ||
senior bond, Capital Appreciation, Series A, NATL Insured, zero cpn., 9/01/28 | 15,000,000 | 11,980,350 | ||
senior bond, Capital Appreciation, Series B, NATL Insured, zero cpn., 9/01/29 | 10,000,000 | 5,853,400 | ||
senior bond, Capital Appreciation, Series B, NATL Insured, zero cpn., 9/01/30 | 17,300,000 | 9,548,735 | ||
senior bond, Capital Appreciation, Series B, NATL Insured, zero cpn., 9/01/31 | 10,000,000 | 5,204,500 | ||
Leyden Rock Metropolitan District No. 10 GO, Refunding and Improvement, Series A, 5.00%, 12/01/45 | 1,250,000 | 1,285,612 | ||
The Plaza Metropolitan District No. 1 Revenue, Refunding, 5.00%, 12/01/40 | 3,000,000 | 3,127,650 | ||
| Public Authority for Colorado Energy Natural Gas Purchase Revenue, | ||||
6.125%, 11/15/23 | 2,465,000 | 2,739,700 | ||
6.25%, 11/15/28 | 12,500,000 | 15,991,500 | ||
6.50%, 11/15/38 | 80,100,000 | 122,050,773 | ||
Regional Transportation District COP, Refunding, Series A, 5.00%, 6/01/25 | 1,115,000 | 1,151,472 | ||
Sierra Ridge Metropolitan District No. 2 GO, Douglas County, Limited Tax, Senior, Series A, 5.50%, 12/01/46 | 1,500,000 | 1,556,745 | ||
South Aurora Regional Improvement Authority Special Revenue, In the City of Aurora, 6.25%, 12/01/57 | 2,815,000 | 2,918,142 | ||
| Southglenn Metropolitan District Special Revenue, | ||||
In the City of Centennial Colorado, Refunding, 5.00%, 12/01/30 | 3,470,000 | 3,666,298 | ||
In the City of Centennial Colorado, Refunding, 5.00%, 12/01/36 | 810,000 | 839,071 | ||
In the City of Centennial Colorado, Refunding, 5.00%, 12/01/46 | 4,200,000 | 4,299,120 | ||
| a | Villages Castle Rock Metropolitan District No. 4 Revenue, Refunding, 6/01/31 | 3,000,000 | 2,400,000 | |
| 253,317,508 | ||||
| Connecticut 0.4% | ||||
| Connecticut State Health and Educational Facilities Authority Revenue, | ||||
Church Home of Hartford Inc. Project, Series A, 5.00%, 9/01/46 | 1,490,000 | 1,576,062 | ||
Church Home of Hartford Inc. Project, Series A, 5.00%, 9/01/53 | 4,650,000 | 4,897,706 | ||
Masonicare Issue, Refunding, Series F, 5.00%, 7/01/37 | 5,500,000 | 5,978,280 | ||
Masonicare Issue, Refunding, Series F, 5.00%, 7/01/43 | 13,000,000 | 14,117,610 | ||
| 26,569,658 | ||||
| District of Columbia 3.0% | ||||
| District of Columbia Revenue, | ||||
American Society of Hematology Issue, 5.00%, 7/01/36 | 1,500,000 | 1,624,560 | ||
American Society of Hematology Issue, 5.00%, 7/01/42 | 9,515,000 | 10,263,831 | ||
Assn. of American Medical Colleges Issue, Series B, 5.25%, 10/01/36 | 12,425,000 | 13,222,809 | ||
Assn. of American Medical Colleges Issue, Series B, 5.00%, 10/01/41 | 5,010,000 | 5,267,464 | ||
Center for Strategic and International Studies Inc. Issue, Pre-Refunded, 6.375%, 3/01/31 | 4,710,000 | 5,098,999 | ||
Center for Strategic and International Studies Inc. Issue, Pre-Refunded, 6.625%, 3/01/41 | 5,500,000 | 5,983,615 | ||
Deed Tax, Series A, 5.00%, 6/01/40 | 13,000,000 | 13,377,130 | ||
The Methodist Home of the District of Columbia Issue, Series A, 5.125%, 1/01/35 | 1,565,000 | 1,570,571 | ||
The Methodist Home of the District of Columbia Issue, Series A, 5.25%, 1/01/39 | 1,015,000 | 1,019,821 | ||
| District of Columbia Tobacco Settlement FICO Revenue, | ||||
Asset-Backed, Refunding, 6.50%, 5/15/33 | 13,440,000 | 15,001,325 | ||
Capital Appreciation, Asset-Backed, Series A, zero cpn., 6/15/46 | 175,000,000 | 28,757,750 | ||
Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Dulles Metrorail and Capital Improvement Projects, Convertible Capital Appreciation, second senior lien, Series C, Assured
Guaranty, 6.50%, 10/01/41 | 60,145,000 | 77,460,745 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| District of Columbia (continued) | ||||
Washington Convention and Sports Authority Dedicated Tax Revenue, Convention Center Hotel Project, senior lien, Series A, 5.00%, 10/01/40 | $10,000,000 | $10,387,000 | ||
| 189,035,620 | ||||
| Florida 5.5% | ||||
Brooks of Bonita Springs CDD Capital Improvement Revenue, Lee County, 6.85%, 5/01/31 | 840,000 | 841,218 | ||
Cape Coral Health Facilities Authority Revenue, Senior Housing, Gulf Care Inc. Project, Refunding, 6.00%, 7/01/45 | 5,250,000 | 5,728,380 | ||
Capital Trust Agency Retirement Facility Revenue, Sarasota-Manatee Jewish Housing Council Inc. Project ACCD Investments, Refunding, 5.00%, 7/01/46 | 3,250,000 | 3,419,585 | ||
Capital Trust Agency Revenue, Provision Cares Proton Therapy Center Orlando Project, senior, 7.50%, 6/01/48 | 10,000,000 | 10,762,500 | ||
Capital Trust Agency Student Housing Revenue, University Bridge LLC Student Housing Project, Series A, 5.25%, 12/01/43 | 31,755,000 | 32,907,706 | ||
| Collier County Educational Facilities Authority Revenue, | ||||
Ave Maria University Inc. Project, Refunding, Series A, 6.00%, 6/01/33 | 5,500,000 | 5,963,320 | ||
Ave Maria University Inc. Project, Refunding, Series A, 6.00%, 6/01/38 | 12,000,000 | 12,936,960 | ||
Hodges University Inc. Project, 6.125%, 11/01/43 | 10,035,000 | 11,058,971 | ||
Florida State Board of Education GO, Public Education Capital Outlay, Refunding, Series D, 6.00%, 6/01/23 | 5,000,000 | 5,890,100 | ||
Greenway ID Special Assessment Revenue, 5.125%, 5/01/43 | 37,445,000 | 38,166,191 | ||
Indian Trace Development District Special Assessment, Isles at Weston Project, 5.50%, 5/01/33 | 2,100,000 | 2,104,788 | ||
| Indigo CDD Capital Improvement Revenue, | ||||
Refunding, Series A, 7.00%, 5/01/31 | 630,000 | 630,636 | ||
Refunding, Series C, 7.00%, 5/01/30 | 4,123,752 | 2,886,626 | ||
| Lakeland Retirement Community Revenue, | ||||
first mortgage, Carpenters Estates, Accredited Investors, Refunding, 6.25%, 1/01/28 | 1,230,000 | 1,231,304 | ||
first mortgage, Carpenters Estates, Accredited Investors, Refunding, 6.375%, 1/01/43 | 2,250,000 | 2,252,452 | ||
Lakeshore Ranch CDD Capital Improvement Revenue, Pasco County, 5.25%, 5/01/35 | 7,500,000 | 7,500,900 | ||
| Martin County Health Facilities Authority Hospital Revenue, | ||||
Martin Memorial Medical Center, Pre-Refunded, 5.50%, 11/15/42 | 3,800,000 | 4,164,838 | ||
Martin Memorial Medical Center, Pre-Refunded, 5.00%, 11/15/45 | 7,500,000 | 8,825,100 | ||
| Miami World Center CDD Special Assessment, | ||||
5.125%, 11/01/39 | 2,000,000 | 2,108,100 | ||
5.25%, 11/01/49 | 2,500,000 | 2,638,900 | ||
Miami-Dade County Aviation Revenue, Miami International Airport, Series A, Pre-Refunded, 5.50%, 10/01/41 | 20,850,000 | 21,959,428 | ||
Miami-Dade County Educational Facilities Authority Revenue, University of Miami Issue, Refunding, Series B, AMBAC Insured, 5.25%, 4/01/27 | 10,995,000 | 13,553,207 | ||
Miami-Dade County Expressway Authority Toll System Revenue, Series A, 5.00%, 7/01/40 | 44,360,000 | 45,881,104 | ||
Miami-Dade County School Board COP, Master Lease Purchase Agreement, Refunding, Series A, 5.00%, 5/01/31 | 7,985,000 | 8,899,762 | ||
| North Sumter County Utility Dependent District Utility Revenue, | ||||
sub. bond, 6.00%, 10/01/30 | 3,780,000 | 3,994,364 | ||
sub. bond, 6.25%, 10/01/43 | 6,865,000 | 7,276,694 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Florida (continued) | ||||
| Northern Palm Beach County ID Special Assessment, | ||||
Water Control and Improvement, Unit of Development No. 2C, 5.00%, 8/01/34 | $2,700,000 | $2,858,112 | ||
Water Control and Improvement, Unit of Development No. 2C, 5.00%, 8/01/37 | 750,000 | 798,502 | ||
Water Control and Improvement, Unit of Development No. 2C, 5.00%, 8/01/46 | 3,000,000 | 3,170,550 | ||
Water Control and Improvement, Unit of Development No. 2C, 5.20%, 8/01/46 | 6,000,000 | 6,318,000 | ||
| Orange County Health Facilities Authority Revenue, | ||||
Presbyterian Retirement Communities Project, 5.00%, 8/01/41 | 1,800,000 | 1,975,734 | ||
Presbyterian Retirement Communities Project, 5.00%, 8/01/47 | 6,285,000 | 6,874,659 | ||
Palm Beach County Health Facilities Authority Revenue, Retirement Communities, ACTS Retirement-Life Communities Inc., Obligated Group, Refunding, 5.00%, 11/15/32 | 8,180,000 | 9,565,365 | ||
| Pelican Marsh CDD Special Assessment Revenue, | ||||
Refunding, 4.875%, 5/01/22 | 480,000 | 487,094 | ||
Refunding, 5.375%, 5/01/31 | 1,275,000 | 1,340,191 | ||
| River Place St. Lucie CDD Special Assessment Revenue, | ||||
Series A, 7.625%, 5/01/21 | 600,000 | 462,162 | ||
Series A, 7.625%, 5/01/30 | 1,590,000 | 1,225,954 | ||
Somerset CDD Revenue, Capital Improvement, 5.30%, 5/01/37 | 6,125,000 | 6,126,409 | ||
| Village CDD No. 10 Special Assessment Revenue, | ||||
5.75%, 5/01/31 | 1,800,000 | 2,018,322 | ||
5.00%, 5/01/32 | 5,280,000 | 5,683,603 | ||
5.125%, 5/01/43 | 8,300,000 | 8,992,386 | ||
6.00%, 5/01/44 | 7,500,000 | 8,516,325 | ||
Village CDD No. 6 Special Assessment Revenue, Refunding, 4.00%, 5/01/35 | 3,610,000 | 3,710,755 | ||
| Village CDD No. 9 Special Assessment Revenue, | ||||
6.75%, 5/01/31 | 6,745,000 | 7,292,829 | ||
7.00%, 5/01/41 | 5,985,000 | 6,582,782 | ||
Refunding, 5.00%, 5/01/22 | 595,000 | 618,955 | ||
Refunding, 5.25%, 5/01/31 | 1,870,000 | 1,981,284 | ||
Refunding, 5.50%, 5/01/42 | 1,870,000 | 1,984,743 | ||
Westchase East CDD Capital Improvement Revenue, 7.10%, 5/01/21 | 205,000 | 205,894 | ||
| 352,373,744 | ||||
| Georgia 1.6% | ||||
| Atlanta Water and Wastewater Revenue, | ||||
Refunding, Series B, AGMC Insured, 5.25%, 11/01/34 | 10,600,000 | 10,758,788 | ||
Series A, Pre-Refunded, 6.25%, 11/01/34 | 30,000,000 | 30,589,800 | ||
| b | Baldwin County Hospital Authority Revenue, Oconee Regional Medical Center, 5.375%, 12/01/28 | 1,470,000 | 15 | |
Forsyth County Hospital Authority Revenue, Anticipation Certificates, Georgia Baptist Health Care System Project, ETM, 6.375%, 10/01/28 | 8,000,000 | 9,934,960 | ||
Main Street Natural Gas Inc. Gas Supply Revenue, Series A, 5.00%, 5/15/49 | 11,500,000 | 15,251,990 | ||
| Main Street Natural Gas Inc. Revenue, | ||||
Gas Project, Series A, 5.50%, 9/15/25 | 5,000,000 | 5,991,450 | ||
Gas Project, Series A, 5.50%, 9/15/27 | 4,000,000 | 4,993,280 | ||
Gas Project, Series A, 5.50%, 9/15/28 | 10,000,000 | 12,717,300 | ||
Richmond County Development Authority Environmental Improvement Revenue, International Paper Co. Project, Series A, 6.25%, 11/01/33 | 7,000,000 | 7,127,820 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Georgia (continued) | ||||
Savannah EDA Revenue, Recovery Zone Facility, International Paper Co. Project, Series A, 6.25%, 11/01/33 | $4,865,000 | $4,953,835 | ||
| 102,319,238 | ||||
| Hawaii 0.1% | ||||
Hawaii State Department of Budget and Finance Special Purpose Revenue, Hawaiian Electric Co. Inc. and Subsidiary Projects, 6.50%, 7/01/39 | 7,500,000 | 7,531,200 | ||
| Idaho 0.2% | ||||
Idaho State Housing and Finance Assn. EDR, TDF Facilities Project, Series A, 7.00%, 2/01/36 | 13,305,000 | 14,277,462 | ||
| Illinois 5.0% | ||||
Bolingbrook GO, Will and DuPage Counties, Capital Appreciation, Refunding, Series A, zero cpn., 1/01/35 | 19,800,000 | 9,464,400 | ||
Bourbonnais Industrial Project Revenue, Olivet Nazarene University Project, Pre-Refunded, 5.50%, 11/01/40 | 3,570,000 | 3,769,242 | ||
Bryant PCR, Central Illinois Light Co. Project, Refunding, NATL Insured, 5.90%, 8/01/23 | 5,000 | 5,020 | ||
Bureau County Township High School District No. 502 GO, Hall, School Building, Series A, BAM Insured, Pre-Refunded, 6.625%, 10/01/43 | 5,250,000 | 6,419,595 | ||
| Chicago O’Hare International Airport Revenue, | ||||
Passenger Facility Charge, Series B, 5.00%, 1/01/35 | 12,555,000 | 12,772,704 | ||
Passenger Facility Charge, Series B, 5.00%, 1/01/40 | 20,430,000 | 20,772,407 | ||
Chicago Transit Authority Sales Tax Receipts Revenue, 5.25%, 12/01/36 | 11,000,000 | 11,644,380 | ||
Cook County GO, Refunding, Series C, 5.00%, 11/15/29 | 34,555,000 | 37,475,589 | ||
| Illinois State Finance Authority Education Revenue, | ||||
Illinois Charter Schools Project - Noble Network of Charter Schools, Refunding, 5.00%, 9/01/25 | 2,750,000 | 2,996,785 | ||
Illinois Charter Schools Project - Noble Network of Charter Schools, Refunding, 5.00%, 9/01/32 | 3,750,000 | 4,058,962 | ||
| Illinois State Finance Authority MFHR, | ||||
Better Housing Foundation Blue Station Project, Series A-1, 5.00%, 12/01/43 | 3,000,000 | 3,022,530 | ||
Better Housing Foundation Blue Station Project, Series A-1, 5.00%, 12/01/53 | 3,075,000 | 3,075,000 | ||
Better Housing Foundation ERNST Portfolio Project, Series A-1, 5.10%, 12/01/43 | 1,600,000 | 810,976 | ||
Better Housing Foundation ERNST Portfolio Project, Series A-1, 5.25%, 12/01/53 | 2,600,000 | 1,317,238 | ||
Windy City Portfolio Project, Series A-1, 4.375%, 12/01/42 | 2,815,000 | 2,413,891 | ||
| Illinois State Finance Authority Revenue, | ||||
OSF Healthcare System, Series A, 5.00%, 11/15/45 | 15,750,000 | 17,375,872 | ||
Plymouth Place Inc., Refunding, 5.00%, 5/15/37 | 2,500,000 | 2,625,700 | ||
Plymouth Place Inc., Refunding, 5.25%, 5/15/45 | 1,100,000 | 1,163,162 | ||
Riverside Health System, Pre-Refunded, 6.25%, 11/15/35 | 3,035,000 | 3,099,676 | ||
Riverside Health System, Refunding, 6.25%, 11/15/35 | 1,965,000 | 2,003,298 | ||
Roosevelt University Project, Pre-Refunded, 6.50%, 4/01/39 | 12,000,000 | 12,195,000 | ||
Rosalind Franklin University, Refunding, Series A, 5.00%, 8/01/47 | 1,525,000 | 1,703,455 | ||
Rosalind Franklin University Research Building Project, Series C, 5.00%, 8/01/46 | 1,900,000 | 2,123,079 | ||
Westminster Village, Refunding, Series A, 5.00%, 5/01/48 | 4,030,000 | 4,188,379 | ||
Westminster Village, Refunding, Series A, 5.50%, 5/01/53 | 8,310,000 | 8,876,243 | ||
| Illinois State Finance Authority Student Housing Revenue, | ||||
CHF-Cook LLC, Northeastern Illinois University Project, Series A, 5.00%, 7/01/35 | 5,335,000 | 5,401,687 | ||
CHF-Cook LLC, Northeastern Illinois University Project, Series A, 5.00%, 7/01/47 | 10,000,000 | 10,025,600 | ||
CHF-DeKalb II LLC, Northern Illinois University Project, 6.875%, 10/01/43 | 15,000,000 | 15,981,450 | ||
CHF-Normal LLC, Illinois State University Project, Pre-Refunded, 7.00%, 4/01/43 | 7,500,000 | 8,233,950 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Illinois (continued) | ||||
| Illinois State Finance Authority Water Facility Revenue, | ||||
American Water Capital Corp. Project, 5.25%, 10/01/39 | $15,350,000 | $15,469,730 | ||
American Water Capital Corp. Project, 5.25%, 5/01/40 | 10,415,000 | 10,678,916 | ||
Illinois State Financing Authority Revenue, Westminster Village, Refunding, Series A, 5.25%, 5/01/48 | 10,000,000 | 10,575,100 | ||
| Metropolitan Pier and Exposition Authority Dedicated State Tax Revenue, | ||||
McCormick Place Expansion Project, Capital Appreciation, Refunding, Series B-1, AGMC Insured, zero cpn., 6/15/45 | 18,100,000 | 6,812,840 | ||
McCormick Place Expansion Project, Capital Appreciation, Series A, NATL Insured, zero cpn., 6/15/35 | 10,000,000 | 5,746,600 | ||
Metropolitan Pier and Exposition Authority Hospitality Facilities Revenue, McCormick Place Convention Center, ETM, 7.00%, 7/01/26 | 6,875,000 | 8,286,644 | ||
Railsplitter Tobacco Settlement Authority Revenue, Pre-Refunded, 6.00%, 6/01/28 | 24,650,000 | 26,823,637 | ||
| Upper Illinois River Valley Development Authority MFHR, | ||||
Prairie View and Timber Oaks Apartments, Series A1, 5.00%, 12/01/54 | 11,000,000 | 11,428,890 | ||
Prairie View and Timber Oaks Apartments, Sub Series B, 6.00%, 12/01/54 | 5,530,000 | 5,738,813 | ||
Village of Hillside Revenue, Tax Increment, Cook County, Refunding, 5.00%, 1/01/30 | 2,690,000 | 2,798,192 | ||
| 319,374,632 | ||||
| Indiana 0.8% | ||||
Indiana Finance Authority Midwestern Disaster Relief Revenue, Ohio Valley Electric Corp. Project, Series A, 5.00%, 6/01/32 | 10,000,000 | 10,364,900 | ||
| Indiana Finance Authority Revenue, | ||||
Baptist Homes of Indiana Senior Living, 5.75%, 11/15/41 | 5,000,000 | 5,327,900 | ||
Educational Facilities, Marian University Project, 6.375%, 9/15/41 | 12,500,000 | 13,420,125 | ||
Greencroft Obligated Group, Series A, 7.00%, 11/15/43 | 5,000,000 | 5,598,950 | ||
Private Activity, Ohio River Bridges East End Crossing Project, Series A, 5.00%, 7/01/40 | 12,500,000 | 13,620,125 | ||
Indiana State Finance Authority Exempt Facility Revenue, Green Bonds, Res Polyflow Indiana Project, 7.00%, 3/01/39 | 2,500,000 | 2,577,300 | ||
| 50,909,300 | ||||
| Iowa 0.8% | ||||
Iowa Higher Education Loan Authority Revenue, Private College Facility, Upper Iowa University Project, Pre-Refunded, 6.00%, 9/01/39 | 11,000,000 | 11,609,180 | ||
| Iowa State Finance Authority Senior Housing Revenue, | ||||
Northcrest Inc. Project, Series A, 5.00%, 3/01/38 | 1,000,000 | 1,079,390 | ||
Northcrest Inc. Project, Series A, 5.00%, 3/01/48 | 1,750,000 | 1,871,433 | ||
Tobacco Settlement Authority Tobacco Settlement Revenue, Capital Appreciation, Asset-Backed, Refunding, Series B, 5.60%, 6/01/34 | 35,850,000 | 35,850,358 | ||
| 50,410,361 | ||||
| Kansas 0.1% | ||||
| Kansas State Development Finance Authority Hospital Revenue, | ||||
Adventist Health System/Sunbelt Obligated Group, Series C, Pre-Refunded, 5.75%, 11/15/38 | 140,000 | 142,577 | ||
Adventist Health System/Sunbelt Obligated Group, Series C, Pre-Refunded, 5.75%, 11/15/38 | 6,110,000 | 6,226,640 | ||
Wyandotte County/Kansas City Unified Government Revenue, Kansas Community ID Sales Tax, Legends Apartments Garage and West Lawn Project, 4.50%, 6/01/40 | 2,000,000 | 2,058,960 | ||
| 8,428,177 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Kentucky 1.4% | ||||
| Kentucky Economic Development Finance Authority Revenue, | ||||
Hospital, Owensboro Health Inc., Refunding, Series A, 5.25%, 6/01/41 | $10,000,000 | $11,313,000 | ||
Hospital, Owensboro Medical Health System Inc., Series A, Pre-Refunded, 6.50%, 3/01/45 | 18,330,000 | 19,230,553 | ||
| Kentucky State Public Transportation Infrastructure Authority First Tier Toll Revenue, | ||||
Downtown Crossing Project, Capital Appreciation, zero cpn. to 6/30/23, 6.60% thereafter, 7/01/39 | 10,000,000 | 10,360,400 | ||
Downtown Crossing Project, Capital Appreciation, zero cpn. to 6/30/23, 6.75% thereafter, 7/01/43 | 5,000,000 | 5,181,500 | ||
| Louisville/Jefferson County Metro Government Revenue, | ||||
College Improvement, Bellarmine University Inc. Project, 5.625%, 5/01/29 | 430,000 | 434,562 | ||
College Improvement, Bellarmine University Inc. Project, Pre-Refunded, 5.625%, 5/01/29 | 5,125,000 | 5,212,740 | ||
College Improvement, Bellarmine University Inc. Project, Pre-Refunded, 6.125%, 5/01/39 | 5,000,000 | 5,094,700 | ||
Ohio County PCR, Big Rivers Electric Corp. Project, Refunding, Series A, 6.00%, 7/15/31 | 10,500,000 | 10,794,105 | ||
| Owen County Waterworks System Revenue, | ||||
American Water Co. Project, Series A, 6.25%, 6/01/39 | 8,000,000 | 8,026,080 | ||
American Water Co. Project, Series A, 5.375%, 6/01/40 | 10,000,000 | 10,351,800 | ||
| 85,999,440 | ||||
| Louisiana 1.4% | ||||
Beauregard Parish Revenue, Boise Cascade Corp. Project, Refunding, 6.80%, 2/01/27 | 13,990,000 | 14,060,649 | ||
| Louisiana Local Government Environmental Facilities and CDA Revenue, | ||||
Green Bonds, Vermilion Parish Louisiana Gomesa Project, 4.625%, 11/01/38 | 2,080,000 | 2,114,861 | ||
Tangipahoa Parish Gomesa Project, Green Bonds, 5.375%, 11/01/38 | 2,575,000 | 2,765,576 | ||
Terrebonne Parish Gomesa Project, 5.50%, 11/01/39 | 2,270,000 | 2,425,631 | ||
Westlake Chemical Corp. Projects, Series A, 6.50%, 8/01/29 | 9,000,000 | 9,500,490 | ||
Westlake Chemical Corp. Projects, Series A-2, 6.50%, 11/01/35 | 8,000,000 | 8,499,440 | ||
| Louisiana Public Facilities Authority Hospital Revenue, | ||||
Franciscan Missionaries of Our Lady Health System Project, Series A, Pre-Refunded, 6.75%, 7/01/39 | 10,000,000 | 10,039,300 | ||
Lafayette General Health System Project, Refunding, Series A, 5.00%, 11/01/41 | 2,000,000 | 2,191,160 | ||
Lafayette General Health System Project, Refunding, Series A, 5.00%, 11/01/45 | 7,405,000 | 8,107,068 | ||
| Louisiana Public Facilities Authority Revenue, | ||||
Ochsner Clinic Foundation Project, Pre-Refunded, 6.50%, 5/15/37 | 5,000,000 | 5,477,950 | ||
Ochsner Clinic Foundation Project, Pre-Refunded, 6.75%, 5/15/41 | 15,500,000 | 17,055,735 | ||
Ochsner Clinic Foundation Project, Pre-Refunded, 5.00%, 5/15/47 | 60,000 | 73,142 | ||
Louisiana State Local Government Environmental Facilities and CDA Revenue, Student Housing, Provident Group - ULM Properties LLC - University of Louisiana at M, onroe Project, Series A, 5.00%,
7/01/54 | 4,000,000 | 4,228,520 | ||
| St. Tammany Public Trust Financing Authority Revenue, | ||||
Christwood Project, Refunding, 5.25%, 11/15/29 | 1,200,000 | 1,307,028 | ||
Christwood Project, Refunding, 5.25%, 11/15/37 | 1,650,000 | 1,770,038 | ||
Tobacco Settlement FICO Revenue, Tobacco Settlement, Asset-Backed, Refunding, Series A, 5.25%, 5/15/35 | 1,000,000 | 1,092,500 | ||
| 90,709,088 | ||||
| Maine 0.3% | ||||
| Maine State Health and Higher Educational Facilities Authority Revenue, | ||||
Maine General Medical Center Issue, 6.75%, 7/01/36 | 4,250,000 | 4,614,735 | ||
Maine General Medical Center Issue, 7.00%, 7/01/41 | 10,000,000 | 10,886,300 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Maine (continued) | ||||
Rumford PCR, Boise Cascade Corp. Project, Refunding, 6.625%, 7/01/20 | $4,800,000 | $4,824,240 | ||
| 20,325,275 | ||||
| Maryland 0.7% | ||||
| Baltimore Special Obligation Revenue, | ||||
Mayor and City Council of Baltimore, Harbor Point Project, Refunding, 5.00%, 6/01/36 | 1,250,000 | 1,311,588 | ||
Mayor and City Council of Baltimore, Harbor Point Project, Refunding, 5.125%, 6/01/43 | 2,500,000 | 2,632,650 | ||
Harford County Special Obligation Tax Allocation, Beachtree Estates Project, 7.50%, 7/01/40 | 6,920,000 | 7,086,910 | ||
Maryland EDC Revenue, Economic Development, Transportation Facilities Project, Series A, Pre-Refunded, 5.75%, 6/01/35 | 13,070,000 | 13,624,037 | ||
| c | Maryland State Community Development Administration Department of Housing and CDR, Residential, Refunding, Series B, 3.20%, 9/01/39 | 10,000,000 | 10,080,000 | |
Maryland State Health and Higher Educational Facilities Authority Revenue, Anne Arundel Health System Issue, Series A, Pre-Refunded, 6.75%, 7/01/39 | 3,000,000 | 3,011,910 | ||
| Prince George’s County Special Obligation, | ||||
Westphalia Town Center Project, 5.125%, 7/01/39 | 1,500,000 | 1,601,010 | ||
Westphalia Town Center Project, 5.25%, 7/01/48 | 2,125,000 | 2,265,441 | ||
| 41,613,546 | ||||
| Massachusetts 1.3% | ||||
Massachusetts Bay Transportation Authority Revenue, General Transportation System, Series A, 7.00%, 3/01/21 | 495,000 | 529,259 | ||
| Massachusetts Development Finance Agency Revenue, | ||||
North Hill Communities Issue, Series A, Pre-Refunded, 6.25%, 11/15/28 | 2,067,000 | 2,414,959 | ||
North Hill Communities Issue, Series A, Pre-Refunded, 6.25%, 11/15/33 | 2,000,000 | 2,401,480 | ||
North Hill Communities Issue, Series A, Pre-Refunded, 6.50%, 11/15/43 | 4,125,000 | 4,993,230 | ||
| Massachusetts State Development Finance Agency Revenue, | ||||
Linden Ponds Inc. Facility, 5.00%, 11/15/38 | 3,000,000 | 3,274,680 | ||
Linden Ponds Inc. Facility, 5.125%, 11/15/46 | 5,000,000 | 5,451,000 | ||
Massachusetts State Educational Financing Authority Education Loan Revenue, Issue K, Refunding, 5.25%, 7/01/29 | 5,500,000 | 5,930,650 | ||
Massachusetts State Port Authority Special Facilities Revenue, ConRAC Project, Series A, 5.125%, 7/01/41 | 10,340,000 | 11,005,482 | ||
Massachusetts State Special Obligation Dedicated Tax Revenue, Refunding, NATL Insured, 5.50%, 1/01/34 | 35,000,000 | 47,376,000 | ||
| 83,376,740 | ||||
| Michigan 4.2% | ||||
Detroit City School District GO, School Building and Site Improvement, Series A, AGMC Insured, 6.00%, 5/01/29 | 15,900,000 | 19,617,420 | ||
| Detroit Sewage Disposal System Revenue, | ||||
second lien, Series B, NATL Insured, 5.50%, 7/01/29 | 5,000,000 | 6,200,650 | ||
second lien, Series B, NATL Insured, 5.00%, 7/01/36 | 15,000 | 15,036 | ||
Detroit Water and Sewerage Department Sewage Disposal System Revenue, senior lien, Refunding, Series A, 5.25%, 7/01/39 | 12,000,000 | 13,058,400 | ||
Ecorse City GO, Financial Recovery, Dedicated Tax, 6.50%, 11/01/35 | 4,215,000 | 4,637,385 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| Michigan Finance Authority Revenue, | ||||
Higher Education, Limited Obligation, Thomas M. Cooley Law School Project, Refunding, 6.00%, 7/01/24 | $3,000,000 | $3,097,200 | ||
Higher Education, Limited Obligation, Thomas M. Cooley Law School Project, Refunding, 6.75%, 7/01/44 | 5,505,000 | 5,746,504 | ||
Hospital, Trinity Health Credit Group, Refunding, Series MI, 5.00%, 12/01/39 | 27,525,000 | 29,532,949 | ||
Hospital, Trinity Health Credit Group, Series MI, Pre-Refunded, 5.00%, 12/01/39 | 75,000 | 81,416 | ||
Local Government Loan Program, Public Lighting Authority, Local Project, Refunding, Series B, 5.00%, 7/01/39 | 5,600,000 | 6,127,912 | ||
Local Government Loan Program, Public Lighting Authority, Local Project, Refunding, Series B, 5.00%, 7/01/44 | 5,000,000 | 5,450,050 | ||
Local Government Loan Program, senior lien, Refunding, Series C-1, 5.00%, 7/01/44 | 10,000,000 | 10,753,600 | ||
Local Government Loan Program, senior lien, Refunding, Series C-3, AGMC Insured, 5.00%, 7/01/32 | 10,000,000 | 11,451,800 | ||
Local Government Loan Program, senior lien, Refunding, Series C-3, AGMC Insured, 5.00%, 7/01/33 | 3,000,000 | 3,413,640 | ||
Local Government Loan Program, senior lien, Refunding, Series D-1, AGMC Insured, 5.00%, 7/01/37 | 5,000,000 | 5,628,650 | ||
Local Government Loan Program, senior lien, Refunding, Series D-4, 5.00%, 7/01/29 | 11,000,000 | 12,662,870 | ||
Local Government Loan Program, senior lien, Refunding, Series D-4, 5.00%, 7/01/30 | 9,000,000 | 10,318,770 | ||
Local Government Loan Program, senior lien, Refunding, Series D-4, 5.00%, 7/01/34 | 10,000,000 | 11,346,900 | ||
Local Government Loan Program, senior lien, Series C-6, 5.00%, 7/01/33 | 10,000,000 | 11,327,300 | ||
| Michigan Hospital Finance Authority Revenue, | ||||
MidMichigan Obligated Group, Series A, Pre-Refunded, 6.125%, 6/01/34 | 4,065,000 | 4,065,000 | ||
Trinity Health Credit Group, Refunding, Series C, 5.00%, 12/01/34 | 26,810,000 | 29,174,642 | ||
Trinity Health Credit Group, Series C, Pre-Refunded, 5.00%, 12/01/34 | 2,050,000 | 2,259,141 | ||
Michigan State Building Authority Revenue, Facilities Program, Refunding, Series II-A, 5.375%, 10/15/41 | 10,000,000 | 10,780,000 | ||
| Michigan Tobacco Settlement Finance Authority Revenue, | ||||
First Subordinate, Capital Appreciation, Series B, zero cpn., 6/01/52 | 150,000,000 | 7,980,000 | ||
Tobacco Settlement Asset-Backed, Senior, Series A, 6.00%, 6/01/34 | 2,500,000 | 2,500,050 | ||
Tobacco Settlement Asset-Backed, Senior, Series A, 6.00%, 6/01/48 | 5,000,000 | 5,000,100 | ||
Royal Oak Hospital Finance Authority Hospital Revenue, William Beaumont Hospital Obligated Group, Series W, Pre-Refunded, 6.00%, 8/01/39 | 33,120,000 | 33,353,827 | ||
| 265,581,212 | ||||
| Minnesota 0.2% | ||||
Apple Valley Senior Housing Revenue, PHS Apple Valley Senior Housing Inc. - Orchard Path Project, Refunding, 5.00%, 9/01/58 | 6,000,000 | 6,401,100 | ||
| Minneapolis Senior Housing and Healthcare Revenue, | ||||
Ecumen - Abiitan Mill City Project, 5.25%, 11/01/45 | 2,800,000 | 2,912,000 | ||
Ecumen - Abiitan Mill City Project, 5.375%, 11/01/50 | 1,000,000 | 1,001,010 | ||
| 10,314,110 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Mississippi 1.2% | ||||
Lowndes County Solid Waste Disposal and PCR, Weyerhaeuser Co. Project, Refunding, Series B, 6.70%, 4/01/22 | $18,875,000 | $20,925,957 | ||
Mississippi Development Bank Special Obligation Revenue, Hancock County Gomesa Project, Green Bonds, 4.55%, 11/01/39 | 2,250,000 | 2,273,963 | ||
Mississippi Hospital Equipment and Facilities Authority Revenue, Baptist Memorial Health Care, Series A, 5.00%, 9/01/41 | 40,000,000 | 44,845,600 | ||
Warren County Gulf Opportunity Zone Revenue, International Paper Co. Project, Series A, 5.80%, 5/01/34 | 7,000,000 | 7,249,480 | ||
| 75,295,000 | ||||
| Missouri 0.5% | ||||
Cape Girardeau County IDA Health Facilities Revenue, Southeast Health, Refunding, Series A, 6.00%, 3/01/33 | 4,920,000 | 5,641,666 | ||
| Kirkwood IDA Retirement Community Revenue, | ||||
Aberdeen Heights, Refunding, Series A, 5.25%, 5/15/42 | 1,000,000 | 1,095,050 | ||
Aberdeen Heights, Refunding, Series A, 5.25%, 5/15/50 | 3,500,000 | 3,810,170 | ||
| St. Louis Airport Revenue, | ||||
Lambert-St. Louis International Airport, Series A-1, 6.25%, 7/01/29 | 7,000,000 | 7,024,290 | ||
Lambert-St. Louis International Airport, Series A-1, 6.625%, 7/01/34 | 3,000,000 | 3,011,040 | ||
St. Louis County IDA Senior Living Facilities Revenue, Friendship Village Chesterfield, Pre-Refunded, 5.00%, 9/01/42 | 7,000,000 | 7,760,480 | ||
Stoddard County IDA Health Facilities Revenue, Southeast Health, Refunding, Series B, 6.00%, 3/01/37 | 4,075,000 | 4,643,299 | ||
| 32,985,995 | ||||
| Montana 0.1% | ||||
Montana State Facility Finance Authority Health Care Facilities Revenue, Kalispell Regional Medical Center Obligated Group, Series B, 5.00%, 7/01/48 | 5,765,000 | 6,516,352 | ||
| Nevada 0.8% | ||||
| Clark County ID Special Assessment, | ||||
Local ID No. 128, The Summerlin Centre, Series A, 5.00%, 2/01/26 | 1,295,000 | 1,298,846 | ||
Local ID No. 128, The Summerlin Centre, Series A, 5.05%, 2/01/31 | 1,010,000 | 1,012,626 | ||
Local ID No. 142, Mountain’s Edge, Refunding, 5.00%, 8/01/21 | 1,155,000 | 1,223,261 | ||
Local ID No. 159, Summerlin Village 16A, 5.00%, 8/01/35 | 2,425,000 | 2,554,738 | ||
| Director of the State of Nevada Department of Business and Industry Charter School Lease Revenue, | ||||
Somerset Academy, Series A, 5.00%, 12/15/38 | 1,000,000 | 1,065,240 | ||
Somerset Academy, Series A, 5.00%, 12/15/48 | 1,500,000 | 1,578,390 | ||
| Director of the State of Nevada Department of Business and Industry Environmental Improvement Revenue, | ||||
Green Fulcrum Sierra Biofuels LLC Project, 5.875%, 12/15/27 | 11,885,000 | 12,807,276 | ||
Green Fulcrum Sierra Biofuels LLC Project, 6.25%, 12/15/37 | 9,000,000 | 9,924,390 | ||
| Henderson Local ID Special Assessment, | ||||
No. T-16, Limited Obligation Improvement, The Falls at Lake Las Vegas, 5.10%, 3/01/22 | 1,065,000 | 1,042,699 | ||
No. T-16, Limited Obligation Improvement, The Falls at Lake Las Vegas, 5.125%, 3/01/25 | 1,120,000 | 1,071,694 | ||
No. T-18, Limited Obligation Improvement, Inspirada, Discount Term, Refunding, 4.00%, 9/01/32 | 1,750,000 | 1,764,158 | ||
No. T-18, Limited Obligation Improvement, Inspirada, Discount Term, Refunding, 4.00%, 9/01/35 | 2,500,000 | 2,496,925 | ||
Las Vegas Special ID No. 610, Local Improvement, Skye Canyon, 5.00%, 6/01/48 | 8,185,000 | 8,460,425 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Nevada (continued) | ||||
| Las Vegas Special ID No. 812 Special Assessment, | ||||
Local Improvement, Summerlin Village 24, 5.00%, 12/01/27 | $1,495,000 | $1,627,038 | ||
Local Improvement, Summerlin Village 24, 5.00%, 12/01/30 | 1,730,000 | 1,854,612 | ||
Local Improvement, Summerlin Village 24, 5.00%, 12/01/35 | 1,095,000 | 1,154,502 | ||
Reno Sales Tax Revenue, Capital Appreciation, ReTRAC-Reno Transportation Rail Access Corridor Project, Subordinate, Refunding, Series C, zero cpn., 7/01/58 | 20,000,000 | 2,606,000 | ||
| 53,542,820 | ||||
| New Hampshire 0.1% | ||||
New Hampshire State Business Finance Authority Revenue, Elliot Hospital Obligated Group, Series A, Pre-Refunded, 6.125%, 10/01/39 | 5,000,000 | 5,075,350 | ||
| New Jersey 3.3% | ||||
Hudson County Improvement Authority Solid Waste System Revenue, Refunding, Series A, 5.75%, 1/01/40 | 5,000,000 | 5,120,550 | ||
| New Jersey EDA Revenue, | ||||
Montclair State University Student Housing Project, Provident Group, Montclair Properties LLC, Series A, Pre-Refunded, 5.875%, 6/01/42 | 5,000,000 | 5,220,600 | ||
School Facilities Construction, Series AAA, 5.00%, 6/15/35 | 3,450,000 | 3,895,671 | ||
School Facilities Construction, Series AAA, 5.00%, 6/15/41 | 4,550,000 | 5,070,474 | ||
| New Jersey EDA Special Facility Revenue, | ||||
Continental Airlines Inc. Project, 4.875%, 9/15/19 | 3,845,000 | 3,872,223 | ||
Continental Airlines Inc. Project, 5.125%, 9/15/23 | 19,800,000 | 21,388,554 | ||
Continental Airlines Inc. Project, 5.25%, 9/15/29 | 41,900,000 | 45,952,149 | ||
| New Jersey State Transportation Trust Fund Authority Revenue, | ||||
Transportation Program, Series AA, 5.00%, 6/15/38 | 4,810,000 | 5,246,700 | ||
Transportation Program, Series AA, 5.25%, 6/15/41 | 2,500,000 | 2,779,975 | ||
Transportation Program, Series AA, 5.00%, 6/15/44 | 9,335,000 | 10,128,008 | ||
Transportation System, Capital Appreciation, Series A, zero cpn., 12/15/38 | 46,750,000 | 23,127,225 | ||
Transportation System, Series B, 5.25%, 6/15/36 | 17,500,000 | 18,444,125 | ||
| Tobacco Settlement FICO Revenue, | ||||
Senior, Refunding, Series A, 5.00%, 6/01/46 | 16,500,000 | 18,476,205 | ||
Senior, Refunding, Series A, 5.25%, 6/01/46 | 11,000,000 | 12,565,190 | ||
Subordinate, Refunding, Series B, 5.00%, 6/01/46 | 25,000,000 | 26,736,000 | ||
| 208,023,649 | ||||
| New Mexico 2.2% | ||||
| Farmington PCR, | ||||
Public Service Co. of New Mexico, San Juan Project, Refunding, Series B, 5.90%, 6/01/40 | 58,000,000 | 60,227,200 | ||
Public Service Co. of New Mexico, San Juan Project, Refunding, Series C, 5.90%, 6/01/40 | 18,435,000 | 19,142,904 | ||
Public Service Co. of New Mexico, San Juan Project, Refunding, Series D, 5.90%, 6/01/40 | 53,520,000 | 55,575,168 | ||
| Lower Petroglyphs Public ID Special Levy Revenue, | ||||
Albuquerque, Refunding, 5.00%, 10/01/33 | 500,000 | 536,180 | ||
Albuquerque, Refunding, 5.00%, 10/01/38 | 450,000 | 474,786 | ||
Albuquerque, Refunding, 5.00%, 10/01/48 | 1,205,000 | 1,260,514 | ||
New Mexico State Hospital Equipment Loan Council First Mortgage Revenue, Haverland Carter Lifestyle Group, 5.00%, 7/01/42 | 5,000,000 | 5,229,650 | ||
| 142,446,402 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| New York 3.6% | ||||
| MAC for City of Troy Revenue, | ||||
Capital Appreciation, Series C, NATL Insured, zero cpn., 7/15/21 | $428,010 | $412,443 | ||
Capital Appreciation, Series C, NATL Insured, zero cpn., 1/15/22 | 649,658 | 620,151 | ||
| MTA Revenue, | ||||
Transportation, Refunding, Series D, 5.00%, 11/15/38 | 8,790,000 | 9,774,480 | ||
Transportation, Series A, Pre-Refunded, 5.00%, 11/15/41 | 15,500,000 | 16,892,520 | ||
Transportation, Series D, Pre-Refunded, 5.25%, 11/15/40 | 10,000,000 | 10,571,800 | ||
Transportation, Series E, 5.00%, 11/15/33 | 10,000,000 | 11,243,400 | ||
| New York City GO, | ||||
Refunding, Series H, 6.125%, 8/01/25 | 5,000 | 5,019 | ||
Series F, 7.50%, 2/01/21 | 5,000 | 5,025 | ||
Series G, 7.50%, 2/01/22 | 5,000 | 5,025 | ||
New York City HDC, MFMR, 8 Spruce Street, Class F, 4.50%, 2/15/48 | 7,500,000 | 7,861,425 | ||
New York City IDA Civic Facility Revenue, Amboy Properties Corp. Project, Refunding, 6.75%, 6/01/20 | 2,145,000 | 2,145,493 | ||
| New York Liberty Development Corp. Revenue, | ||||
3 World Trade Center Project, Class 2, Refunding, 5.375%, 11/15/40 | 10,000,000 | 11,147,900 | ||
Goldman Sachs Headquarters Issue, Second Tranche, 5.25%, 10/01/35 | 65,000,000 | 85,669,350 | ||
Second Priority Liberty, Bank of America Tower at One Bryant Park Project, Class 3, Refunding, 6.375%, 7/15/49 | 18,500,000 | 19,041,680 | ||
New York Transportation Development Corp. Special Facilities Revenue, Laguardia Airport Terminal B Redevelopment Project, Series A, 5.25%, 1/01/50 | 41,785,000 | 46,313,658 | ||
Rockland Tobacco Asset Securitization Corp. Settlement Revenue, Asset-Backed, First Subordinate, Series A, zero cpn., 8/15/45 | 61,000,000 | 10,634,740 | ||
| 232,344,109 | ||||
| North Carolina 0.6% | ||||
| Columbus County Industrial Facilities and PCFA Revenue, | ||||
Environmental Improvement, International Paper Co. Projects, Series A, 6.25%, 11/01/33 | 1,300,000 | 1,323,738 | ||
Recovery Zone Facility, International Paper Co. Projects, Series B, 6.25%, 11/01/33 | 4,000,000 | 4,073,040 | ||
| North Carolina State Medical Care Commission Health Care Facilities Revenue, | ||||
Duke University Health System, Series A, 5.00%, 6/01/42 | 15,000,000 | 16,323,000 | ||
Pennybyrn at Maryfield, first mortgage, Refunding, 5.00%, 10/01/30 | 2,790,000 | 3,025,420 | ||
Pennybyrn at Maryfield, first mortgage, Refunding, 5.00%, 10/01/35 | 1,000,000 | 1,061,270 | ||
| North Carolina State Medical Care Commission Retirement Facilities Revenue, | ||||
Galloway Ridge Project, first mortgage, Refunding, Series A, 5.25%, 1/01/41 | 2,720,000 | 2,844,576 | ||
United Church Homes and Services, first mortgage, Refunding, Series A, 5.00%, 9/01/37 | 2,100,000 | 2,238,159 | ||
United Church Homes and Services, first mortgage, Refunding, Series C, 5.00%, 9/01/41 | 2,120,000 | 2,272,025 | ||
United Church Homes and Services, first mortgage, Refunding, Series C, 5.00%, 9/01/46 | 3,160,000 | 3,373,680 | ||
| 36,534,908 | ||||
| North Dakota 0.2% | ||||
| Burleigh County Education Facilities Revenue, | ||||
University of Mary Project, 5.10%, 4/15/36 | 2,800,000 | 2,923,312 | ||
University of Mary Project, 5.20%, 4/15/46 | 5,430,000 | 5,619,616 | ||
| c | North Dakota State HFAR, Housing Finance Program, Home Mortgage Finance Program, Series C, 3.20%, 7/01/39 | 4,000,000 | 4,033,120 | |
| 12,576,048 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio 2.2% | ||||
Bowling Green Student Housing Revenue, CFP I LLC, State University Project, Pre-Refunded, 6.00%, 6/01/45 | $12,500,000 | $13,060,500 | ||
Butler County Hospital Facilities Revenue, UC Health, Pre-Refunded, 5.50%, 11/01/40 | 10,000,000 | 10,550,900 | ||
| Centerville Health Care Revenue, | ||||
Graceworks Lutheran Services, Improvement and Refunding, 5.25%, 11/01/47 | 2,700,000 | 2,922,831 | ||
Graceworks Lutheran Services, Improvement and Refunding, 5.25%, 11/01/50 | 2,500,000 | 2,700,800 | ||
| Cleveland-Cuyahoga County Port Authority Cultural Facility Revenue, | ||||
Playhouse Square Foundation Project, Refunding, 5.25%, 12/01/38 | 700,000 | 800,639 | ||
Playhouse Square Foundation Project, Refunding, 5.50%, 12/01/43 | 700,000 | 806,736 | ||
Fairfield County Hospital Revenue, Fairfield Medical Center Project, Refunding and Improvement, 5.00%, 6/15/43 | 10,000,000 | 10,424,900 | ||
| Hamilton County Healthcare Revenue, | ||||
Life Enriching Communities Project, Series A, Pre-Refunded, 6.50%, 1/01/41 | 4,970,000 | 5,356,119 | ||
Life Enriching Communities Project, Series A, Pre-Refunded, 6.625%, 1/01/46 | 2,500,000 | 2,699,075 | ||
Lake County Hospital Facilities Revenue, Lake Hospital System Inc., Refunding, 5.00%, 8/15/45 | 6,000,000 | 6,634,080 | ||
| Little Miami Local School District GO, | ||||
School Improvement, Pre-Refunded, 6.875%, 12/01/34 | 5,100,000 | 5,635,908 | ||
School Improvement, Refunding, 6.875%, 12/01/34 | 345,000 | 359,549 | ||
Ohio State Air Quality Development Authority Revenue, Environmental Improvement, Buckeye Power Inc. Project, 6.00%, 12/01/40 | 15,000,000 | 15,947,250 | ||
Ohio State Hospital Revenue, University Hospitals Health System Inc., Refunding, Series A, 5.00%, 1/15/46 | 6,000,000 | 6,793,260 | ||
Ohio State Turnpike and Infrastructure Commission Revenue, Infrastructure Projects, Capital Appreciation, junior lien, Series A-3, zero cpn. to 2/14/23, 5.75% thereafter, 2/15/35 | 35,000,000 | 38,018,750 | ||
| Southeastern Port Authority Hospital Facilities Revenue, | ||||
Memorial Health System Obligated Group Project, Refunding, 5.00%, 12/01/35 | 1,000,000 | 1,080,320 | ||
Memorial Health System Obligated Group Project, Refunding, 5.00%, 12/01/43 | 1,000,000 | 1,041,590 | ||
Memorial Health System Obligated Group Project, Refunding, 5.50%, 12/01/43 | 1,300,000 | 1,396,252 | ||
Memorial Health System Obligated Group Project, Refunding and Improvement, 6.00%, 12/01/42 | 14,000,000 | 14,995,120 | ||
| 141,224,579 | ||||
| Oklahoma 0.1% | ||||
| Tulsa County Industrial Authority Senior Living Community Revenue, | ||||
Montereau Inc. Project, Refunding, 5.25%, 11/15/37 | 1,250,000 | 1,425,650 | ||
Montereau Inc. Project, Refunding, 5.25%, 11/15/45 | 5,250,000 | 5,912,025 | ||
| 7,337,675 | ||||
| Oregon 0.4% | ||||
| Multnomah County Hospital Facilities Authority Revenue, | ||||
Mirabella South Waterfront Project, Refunding, Series A, 5.40%, 10/01/44 | 3,000,000 | 3,257,880 | ||
Mirabella South Waterfront Project, Refunding, Series A, 5.50%, 10/01/49 | 5,500,000 | 5,985,320 | ||
Oregon Health and Science University Revenue, Series A, Pre-Refunded, 5.75%, 7/01/39 | 5,000,000 | 5,015,950 | ||
| Salem Hospital Facility Authority Revenue, | ||||
Capital Manor Inc., Refunding, 5.00%, 5/15/22 | 625,000 | 681,400 | ||
Capital Manor Inc., Refunding, 5.75%, 5/15/27 | 1,000,000 | 1,108,310 | ||
Capital Manor Inc., Refunding, 5.625%, 5/15/32 | 1,000,000 | 1,088,840 | ||
Capital Manor Inc., Refunding, 6.00%, 5/15/42 | 3,100,000 | 3,375,931 | ||
Capital Manor Inc., Refunding, 6.00%, 5/15/47 | 2,000,000 | 2,174,480 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Oregon (continued) | ||||
Yamhill County Hospital Authority, Friendsview Retirement Community, Refunding, Series A, 5.00%, 11/15/51 | $3,045,000 | $3,332,844 | ||
| 26,020,955 | ||||
| Pennsylvania 2.2% | ||||
| Allegheny County Higher Education Building Authority University Revenue, | ||||
Carlow University Project, Pre-Refunded, 6.75%, 11/01/31 | 1,215,000 | 1,363,764 | ||
Carlow University Project, Pre-Refunded, 7.00%, 11/01/40 | 2,000,000 | 2,254,620 | ||
Allentown Neighborhood Improvement Zone Development Authority Tax Revenue, City Center Project, Subordinate, 5.375%, 5/01/42 | 5,000,000 | 5,455,950 | ||
| Chester County IDA Revenue, | ||||
Renaissance Academy Charter School Project, 5.00%, 10/01/34 | 1,500,000 | 1,635,000 | ||
Renaissance Academy Charter School Project, 5.00%, 10/01/39 | 1,725,000 | 1,863,552 | ||
Renaissance Academy Charter School Project, 5.00%, 10/01/44 | 1,160,000 | 1,246,722 | ||
| Chester County IDA Special Obligation Revenue, | ||||
Woodlands at Greystone Project, 5.00%, 3/01/38 | 525,000 | 552,683 | ||
Woodlands at Greystone Project, 5.125%, 3/01/48 | 1,000,000 | 1,051,330 | ||
Commonwealth Financing Authority Revenue, Series B, 5.00%, 6/01/42 | 12,000,000 | 12,956,040 | ||
| Dallas Area Municipal Authority University Revenue, | ||||
Misericordia University Project, Refunding, 5.00%, 5/01/39 | 1,100,000 | 1,222,507 | ||
Misericordia University Project, Refunding, 5.00%, 5/01/48 | 4,000,000 | 4,396,560 | ||
Delaware County IDAR, Resource Recovery Facility, Refunding, Series A, 6.20%, 7/01/19 | 495,000 | 496,356 | ||
| Franklin County IDAR, | ||||
Menno-Haven Inc. Project, Refunding, 5.00%, 12/01/38 | 1,000,000 | 1,102,350 | ||
Menno-Haven Inc. Project, Refunding, 5.00%, 12/01/43 | 1,200,000 | 1,312,536 | ||
Menno-Haven Inc. Project, Refunding, 5.00%, 12/01/48 | 3,300,000 | 3,599,442 | ||
Menno-Haven Inc. Project, Refunding, 5.00%, 12/01/53 | 1,900,000 | 2,066,649 | ||
| Lancaster County Hospital Authority Revenue, | ||||
Brethren Village Project, Refunding, 5.125%, 7/01/37 | 1,000,000 | 1,076,240 | ||
Brethren Village Project, Refunding, 5.25%, 7/01/41 | 1,000,000 | 1,081,200 | ||
| d | Pennsylvania State Economic Development Financing Authority Exempt Facilities Revenue, PPL Energy Supply LLC Project, Mandatory Put, Series B, 5.00%, 9/01/20 | 25,000,000 | 25,238,000 | |
| c | Pennsylvania State HFA, SFMR, Non ACE, 3.15%, 10/01/39 | 3,000,000 | 3,028,350 | |
| Pennsylvania State Turnpike Commission Turnpike Revenue, | ||||
Motor License Fund Enhanced Turnpike, Capital Appreciation, Subordinate Special, Series B, Sub Series B-2, zero cpn. to 11/30/28, 5.75% thereafter, 12/01/37 | 20,000,000 | 17,781,200 | ||
Motor License Fund Enhanced Turnpike, Capital Appreciation, Subordinate Special, Series B, Sub Series B-2, zero cpn. to 12/01/28, 5.875% thereafter, 12/01/40 | 25,075,000 | 22,131,446 | ||
Subordinate, Convertible Capital Appreciation, Series C, AGMC Insured, 6.25%, 6/01/33 | 5,000,000 | 6,340,750 | ||
Subordinate, Series B, Pre-Refunded, 5.75%, 6/01/39 | 20,000,000 | 20,000,000 | ||
Philadelphia IDAR, Senior Living Facilities, Wesley Enhanced Living Obligated Group, Refunding, Series A, 5.00%, 7/01/49 | 3,000,000 | 3,190,290 | ||
| 142,443,537 | ||||
| Rhode Island 0.1% | ||||
Rhode Island State Health and Educational Building Corp. Revenue, Hospital Financing, Care New England Issue, Series A, Pre-Refunded, 6.00%, 9/01/33 | 7,320,000 | 8,665,270 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| South Carolina 1.4% | ||||
| South Carolina Jobs EDA Residential Care Facilities Revenue, | ||||
South Carolina Episcopal Home at Still Hopes, 5.00%, 4/01/47 | $2,000,000 | $2,117,960 | ||
South Carolina Episcopal Home at Still Hopes, 5.00%, 4/01/52 | 1,750,000 | 1,841,262 | ||
South Carolina Episcopal Home at Still Hopes, Refunding, Series A, 5.00%, 4/01/48 | 3,500,000 | 3,704,050 | ||
South Carolina Episcopal Home at Still Hopes, Refunding, Series A, 5.25%, 4/01/53 | 9,000,000 | 9,611,820 | ||
South Carolina Jobs EDA Student Housing Revenue, Coastal Housing Foundation LLC Project, Series A, Pre-Refunded, 6.50%, 4/01/42 | 10,000,000 | 10,409,900 | ||
South Carolina State Public Service Authority Revenue, Series B, Refunding, 5.125%, 12/01/43 | 52,890,000 | 58,480,473 | ||
| 86,165,465 | ||||
| South Dakota 0.2% | ||||
| Sioux Falls Health Facilities Revenue, | ||||
Dow Rummel Village Project, 5.00%, 11/01/42 | 3,000,000 | 3,129,990 | ||
Dow Rummel Village Project, Refunding, 5.00%, 11/01/46 | 11,110,000 | 11,519,959 | ||
| 14,649,949 | ||||
| Tennessee 1.3% | ||||
| Johnson City Health and Educational Facilities Board Hospital Revenue, | ||||
Mountain States Health Alliance, Capital Appreciation, first mortgage, Refunding, Series A, NATL Insured, zero cpn., 7/01/27 | 19,365,000 | 15,554,356 | ||
Mountain States Health Alliance, Capital Appreciation, first mortgage, Refunding, Series A, NATL Insured, zero cpn., 7/01/28 | 19,400,000 | 15,041,208 | ||
Mountain States Health Alliance, Capital Appreciation, first mortgage, Refunding, Series A, NATL Insured, zero cpn., 7/01/29 | 19,365,000 | 14,497,607 | ||
Mountain States Health Alliance, Capital Appreciation, first mortgage, Refunding, Series A, NATL Insured, zero cpn., 7/01/30 | 19,370,000 | 13,878,605 | ||
| Memphis-Shelby County Airport Authority Airport Revenue, | ||||
Refunding, Series B, 5.75%, 7/01/23 | 5,000,000 | 5,228,400 | ||
Refunding, Series B, 5.75%, 7/01/24 | 3,500,000 | 3,656,800 | ||
Metropolitan Government of Nashville and Davidson County Health and Educational Facilities Board Revenue, Vanderbilt University Medical Center, Series A, 5.00%, 7/01/40 | 10,000,000 | 11,476,000 | ||
Nashville Metropolitan Development and Housing Agency Tax Increment Revenue, Fifth + Broadway Development Project, 5.125%, 6/01/36 | 900,000 | 978,669 | ||
| 80,311,645 | ||||
| Texas 8.3% | ||||
Capital Area Cultural Education Facilities Finance Corp. Revenue, The Roman Catholic Diocese of Austin, Series B, 6.125%, 4/01/45 | 10,000,000 | 10,329,100 | ||
| Central Texas Regional Mobility Authority Revenue, | ||||
Capital Appreciation, senior lien, Refunding, zero cpn., 1/01/35 | 3,000,000 | 1,822,770 | ||
Capital Appreciation, senior lien, Refunding, zero cpn., 1/01/37 | 2,500,000 | 1,391,050 | ||
Capital Appreciation, senior lien, Refunding, zero cpn., 1/01/38 | 2,405,000 | 1,282,442 | ||
Capital Appreciation, senior lien, Refunding, zero cpn., 1/01/39 | 2,545,000 | 1,305,941 | ||
senior lien, Pre-Refunded, 5.75%, 1/01/25 | 2,350,000 | 2,407,481 | ||
senior lien, Pre-Refunded, 5.75%, 1/01/31 | 2,500,000 | 2,663,525 | ||
senior lien, Pre-Refunded, 6.00%, 1/01/41 | 7,925,000 | 8,474,044 | ||
senior lien, Pre-Refunded, 6.25%, 1/01/46 | 24,340,000 | 26,120,714 | ||
Clifton Higher Education Finance Corp. Revenue, Education, Uplift Education, Series A, 5.00%, 12/01/45 | 3,855,000 | 4,182,444 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Texas (continued) | ||||
| Dallas/Fort Worth International Airport Revenue, | ||||
Joint Improvement, Series A, 5.00%, 11/01/42 | $12,000,000 | $12,483,000 | ||
Joint Improvement, Series A, 5.00%, 11/01/45 | 50,000,000 | 52,019,500 | ||
Joint Improvement, Series B, 5.00%, 11/01/44 | 11,385,000 | 12,379,821 | ||
El Paso Downtown Development Corp. Special Revenue, Downtown Ballpark Venue Project, Series A, 7.25%, 8/15/38 | 15,000,000 | 18,306,750 | ||
| Fort Worth Special Assessment Revenue, | ||||
Fort Worth Public ID No. 17, Rock Creek Ranch Major Improvement Project, 5.00%, 9/01/27 | 1,965,000 | 2,074,844 | ||
Fort Worth Public ID No. 17, Rock Creek Ranch Major Improvement Project, 5.00%, 9/01/32 | 1,270,000 | 1,311,466 | ||
Fort Worth Public ID No. 17, Rock Creek Ranch Major Improvement Project, 5.125%, 9/01/37 | 1,650,000 | 1,691,663 | ||
Tarrant Denton Parker Johnson and Wise Counties, Fort Worth Public ID No. 17, Rock Creek Ranch Roadway Improvement Project, 5.00%, 9/01/27 | 1,605,000 | 1,670,003 | ||
Tarrant Denton Parker Johnson and Wise Counties, Fort Worth Public ID No. 17, Rock Creek Ranch Roadway Improvement Project, 5.00%, 9/01/32 | 1,550,000 | 1,609,257 | ||
Tarrant Denton Parker Johnson and Wise Counties, Fort Worth Public ID No. 17, Rock Creek Ranch Roadway Improvement Project, 5.00%, 9/01/37 | 2,000,000 | 2,044,580 | ||
| Grand Parkway Transportation Corp. System Toll Revenue, | ||||
Capital Appreciation, Series B, zero cpn. to 9/30/23, 5.80% thereafter, 10/01/45 | 10,000,000 | 10,292,100 | ||
First Tier Toll, Series A, 5.125%, 10/01/43 | 2,850,000 | 3,144,462 | ||
| Harris County Cultural Education Facilities Finance Corp. Revenue, | ||||
Brazos Presbyterian Homes Inc. Project, first mortgage, Refunding, 5.00%, 1/01/48 | 5,000,000 | 5,453,800 | ||
Brazos Presbyterian Homes Inc. Project, first mortgage, Series B, Pre-Refunded, 7.00%, 1/01/43 | 3,000,000 | 3,572,190 | ||
Brazos Presbyterian Homes Inc. Project, first mortgage, Series B, Pre-Refunded, 7.00%, 1/01/48 | 5,250,000 | 6,251,332 | ||
Houston Airport System Revenue, Special Facilities, United Airlines Terminal E Project, Refunding, 4.75%, 7/01/24 | 10,000,000 | 10,887,800 | ||
Matagorda County Navigation District No. 1 PCR, Central Power and Light Co. Project, Refunding, Series A, 6.30%, 11/01/29 | 10,000,000 | 10,233,200 | ||
| Mesquite Health Facilities Development Corp. Retirement Facility Revenue, | ||||
Christian Care Centers Inc. Project, Refunding, 5.00%, 2/15/35 | 5,175,000 | 5,389,659 | ||
Christian Care Centers Inc. Project, Refunding, 5.00%, 2/15/36 | 1,000,000 | 1,032,000 | ||
Christian Care Centers Inc. Project, Refunding, 5.125%, 2/15/42 | 3,750,000 | 3,860,775 | ||
New Hope Cultural Education Facilities Finance Corp. First Mortgage Revenue, Morningside Ministries Project, 6.50%, 1/01/43 | 4,350,000 | 4,778,692 | ||
| New Hope Cultural Education Facilities Finance Corp. Retirement Facility Revenue, | ||||
Longhorn Village Project, Refunding, 5.00%, 1/01/42 | 2,000,000 | 2,152,120 | ||
Longhorn Village Project, Refunding, 5.00%, 1/01/47 | 8,435,000 | 9,058,009 | ||
MRC Crestview Project, Refunding, 5.00%, 11/15/36 | 1,020,000 | 1,098,938 | ||
MRC Crestview Project, Refunding, 5.00%, 11/15/46 | 4,100,000 | 4,356,291 | ||
Presbyterian Village North Project, Refunding, 5.00%, 10/01/39 | 2,750,000 | 2,940,052 | ||
Presbyterian Village North Project, Refunding, 5.25%, 10/01/49 | 11,200,000 | 12,150,768 | ||
Wesleyan Homes Inc. Project, Refunding, 5.50%, 1/01/43 | 3,200,000 | 3,434,336 | ||
| New Hope Cultural Education Facilities Finance Corp. Senior Living Revenue, | ||||
Cardinal Bay Inc., Village on the Park/Carriage Inn Project, Fourth Tier, Series D, 6.00%, 7/01/26 | 160,000 | 162,771 | ||
Cardinal Bay Inc., Village on the Park/Carriage Inn Project, Fourth Tier, Series D, 7.00%, 7/01/51 | 5,110,000 | 5,276,075 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Texas (continued) | ||||
| New Hope Cultural Education Facilities Finance Corp. Student Housing Revenue, | ||||
CHF - Collegiate Housing Stephenville III LLC, Tarleton State University Project, Series A, 5.00%, 4/01/47 | $6,420,000 | $6,829,211 | ||
CHF-Collegiate Housing Island Campus LLC, Series A, 5.00%, 4/01/42 | 3,500,000 | 3,595,550 | ||
CHF-Stephenville LLC, Tarleton State University Project, Series A, 6.00%, 4/01/45 | 3,000,000 | 3,294,330 | ||
NCCD-College Station Properties LLC, Texas A&M University Project, Series A, 5.00%, 7/01/47 | 30,000,000 | 28,170,600 | ||
| North Texas Tollway Authority Revenue, | ||||
first tier, Series A, 6.25%, 1/01/39 | 2,350,000 | 2,357,849 | ||
Special Projects System, Capital Appreciation, first tier, Refunding, Series I, 6.50%, 1/01/43 | 25,000,000 | 30,970,000 | ||
Special Projects System, Capital Appreciation, Series B, Pre-Refunded, zero cpn., 9/01/37 | 7,500,000 | 3,564,225 | ||
Special Projects System, Capital Appreciation, Series C, Pre-Refunded, zero cpn. to 9/01/21, 6.75% thereafter, 9/01/45 | 25,000,000 | 33,111,250 | ||
Special Projects System, Capital Appreciation, Series C, Pre-Refunded, zero cpn. to 9/01/23, 7.00% thereafter, 9/01/43 | 10,000,000 | 12,163,200 | ||
System, first tier, Refunding, Series B, 5.00%, 1/01/38 | 10,000,000 | 10,479,600 | ||
Red River Education FICO Higher Education Revenue, Houston Baptist University Project, Refunding, 5.50%, 10/01/46 | 4,250,000 | 4,821,242 | ||
| Red River Health Facilities Development Corp. First Mortgage Revenue, | ||||
b Eden Home Project, 7.25%, | 11,000,000 | 7,287,500 | ||
Wichita Falls Retirement Foundation Project, Refunding, 5.50%, 1/01/32 | 1,500,000 | 1,563,810 | ||
Wichita Falls Retirement Foundation Project, Refunding, 5.125%, 1/01/41 | 2,000,000 | 2,056,440 | ||
| Tarrant County Cultural Education Facilities Finance Corp. Revenue, | ||||
Texas Health Resources System, Refunding, 5.00%, 11/15/40 | 15,225,000 | 15,878,914 | ||
Trinity Terrace Project, The Cumberland Rest Inc., Refunding, Series A-1, 5.00%, 10/01/44 | 2,500,000 | 2,695,400 | ||
Trinity Terrace Project, The Cumberland Rest Inc., Refunding, Series A-1, 5.00%, 10/01/49 | 2,625,000 | 2,818,252 | ||
| Texas State Municipal Gas Acquisition and Supply Corp. III Gas Supply Revenue, | ||||
5.00%, 12/15/30 | 25,000,000 | 27,284,500 | ||
5.00%, 12/15/31 | 24,500,000 | 26,683,930 | ||
5.00%, 12/15/32 | 10,000,000 | 10,872,500 | ||
| Texas State Transportation Commission Revenue, | ||||
State Highway 249 System, First Tier Toll, Series A, zero cpn., 8/01/46 | 3,000,000 | 888,720 | ||
State Highway 249 System, First Tier Toll, Series A, zero cpn., 8/01/47 | 5,750,000 | 1,616,728 | ||
State Highway 249 System, First Tier Toll, Series A, zero cpn., 8/01/51 | 3,500,000 | 785,225 | ||
State Highway 249 System, First Tier Toll, Series A, zero cpn., 8/01/52 | 4,000,000 | 846,480 | ||
State Highway 249 System, First Tier Toll, Series A, zero cpn., 8/01/53 | 400,000 | 80,060 | ||
Texas State Transportation Commission Turnpike System Revenue, first tier, Refunding, Series A, 5.00%, 8/15/41 | 5,000,000 | 5,388,550 | ||
Wood County Central Hospital District Hospital Revenue, East Texas Medical Center Quitman Project, Pre-Refunded, 6.00%, 11/01/41 | 9,350,000 | 10,273,593 | ||
| 527,473,424 | ||||
| Virginia 1.3% | ||||
| Henrico County EDA Residential Care Facilities Revenue, | ||||
LifeSpire of Virginia, Refunding, Series C, 5.00%, 12/01/37 | 765,000 | 852,233 | ||
LifeSpire of Virginia, Refunding, Series C, 5.00%, 12/01/47 | 2,200,000 | 2,410,144 | ||
Pinnacle Living, Series A, 5.00%, 6/01/44 | 3,550,000 | 3,903,758 | ||
Pinnacle Living, Series A, 5.00%, 6/01/49 | 4,065,000 | 4,454,874 | ||
Norfolk EDA Health Care Facilities Revenue, Sentara Healthcare, Refunding, Series B, 5.00%, 11/01/43 | 17,575,000 | 19,104,552 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Virginia (continued) | ||||
Peninsula Town Center CDA Special Obligation Revenue, Refunding, 5.00%, 9/01/45 | $2,300,000 | $2,461,667 | ||
| Virginia Small Business Financing Authority Revenue, | ||||
Elizabeth River Crossings OPCO LLC Project, senior lien, 6.00%, 1/01/37 | 6,485,000 | 7,181,035 | ||
Elizabeth River Crossings OPCO LLC Project, senior lien, 5.50%, 1/01/42 | 35,790,000 | 38,815,329 | ||
Virginia State Small Business Financing Authority Residential Care Facility Revenue, Pinnacle Living, Series C, 5.00%, 6/01/52 | 6,000,000 | 6,389,100 | ||
| 85,572,692 | ||||
| Washington 2.0% | ||||
| FYI Properties Lease Revenue, | ||||
Washington State District Project, 5.50%, 6/01/34 | 11,935,000 | 11,935,000 | ||
Washington State District Project, 5.50%, 6/01/39 | 16,250,000 | 16,250,000 | ||
Greater Wenatchee Regional Events Center Public Facilities District Revenue, Refunding, Series A, 5.50%, 9/01/42 | 3,150,000 | 3,234,231 | ||
Ocean Shores Local ID No. 1 Tax Allocation, 7.25%, 2/01/31 | 4,050,000 | 5,009,607 | ||
Skagit County Public Hospital District No. 1 Revenue, Skagit Valley Hospital, 5.75%, 12/01/35 | 5,355,000 | 5,603,044 | ||
| Washington Health Care Facilities Authority Revenue, | ||||
Central Washington Health Services Assn., Pre-Refunded, 7.00%, 7/01/39 | 8,500,000 | 8,534,425 | ||
Fred Hutchinson Cancer Research Center, Series A, Pre-Refunded, 6.00%, 1/01/33 | 7,500,000 | 7,525,050 | ||
Providence Health and Services, Refunding, Series A, 5.00%, 10/01/42 | 19,725,000 | 21,534,374 | ||
| Washington State Economic Development Finance Authority Environmental Facilities Revenue, | ||||
b Coalview Centralia LLC Project, 8.25%, 8/01/25 | 3,800,000 | 2,660,000 | ||
b Coalview Centralia LLC Project, 9.50%, 8/01/25 | 12,855,000 | 8,998,500 | ||
Columbia Pulp I LLC Project, Series A, 7.50%, 1/01/32 | 2,500,000 | 2,867,500 | ||
| d | Washington State Economic Development Finance Authority Revenue, Propeller Airports Paine Field LLC Project, Mandatory Put, Series A, 6.50%, 3/01/24 | 25,000,000 | 26,112,500 | |
Washington State Higher Education Facilities Authority Revenue, Whitworth University Project, Pre-Refunded, 5.625%, 10/01/40 | 5,235,000 | 5,304,573 | ||
Washington State Housing Finance Commission Revenue, Nonprofit Housing, Presbyterian Retirement Communities Northwest Project, Refunding, Series A, 5.00%, 1/01/31 | 2,000,000 | 2,224,660 | ||
| 127,793,464 | ||||
| West Virginia 0.1% | ||||
Kanawha County Commission Student Housing Revenue, The West Virginia State University Foundation Project, 6.75%, 7/01/45 | 6,650,000 | 7,224,294 | ||
| Wisconsin 0.7% | ||||
| PFA Education Revenue, | ||||
Coral Academy of Science Las Vegas, Series A, 5.00%, 7/01/45 | 2,805,000 | 3,082,106 | ||
Coral Academy of Science Las Vegas, Series A, 5.00%, 7/01/53 | 4,345,000 | 4,748,737 | ||
PFA Limited Obligation PILOT Revenue, American Dream at Meadowlands Project, 6.75%, 12/01/42 | 5,000,000 | 5,887,150 | ||
| PFA Retirement Facilities Revenue, | ||||
Whitestone Retirement Facilities, first mortgage, Refunding, 5.00%, 3/01/37 | 625,000 | 683,225 | ||
Whitestone Retirement Facilities, first mortgage, Refunding, 5.00%, 3/01/52 | 1,800,000 | 1,945,368 | ||
| Wisconsin Health and Educational Facilities Authority Revenue, | ||||
Beaver Dam Community Hospitals Inc., Refunding, Series A, 5.25%, 8/15/34 | 5,000,000 | 5,399,900 | ||
St. Johns Communities Inc., Refunding, Series B, 5.00%, 9/15/45 | 1,500,000 | 1,553,535 | ||
St. Johns Communities Inc. Project, Series A, 5.00%, 9/15/50 | 4,000,000 | 4,174,880 | ||
Thedacare Inc., Series A, 5.50%, 12/15/38 | 5,000,000 | 5,084,100 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Wisconsin (continued) | ||||
| Wisconsin Health and Educational Facilities Authority Senior Living Revenue, | ||||
Covenant Communities Inc. Project, Third Tier, Series C, 7.00%, 7/01/43 | $1,000,000 | $1,001,700 | ||
Covenant Communities Inc. Project, Third Tier, Series C, 7.50%, 7/01/53 | 2,750,000 | 2,756,930 | ||
Wisconsin PFA Exempt Facilities Revenue, Celanese Project, Refunding, Series C, 4.30%, 11/01/30 | 4,000,000 | 4,212,320 | ||
Wisconsin State Public Finance Authority Revenue, Adams-Columbia Electric Cooperative, Series A, NATL Insured, 5.50%, 12/01/40 | 6,755,000 | 7,132,064 | ||
| 47,662,015 | ||||
| Wyoming 0.2% | ||||
Campbell County Solid Waste Facilities Revenue, Basin Electric Power Cooperative, Dry Fork Station Facilities, Series A, 5.75%, 7/15/39 | 5,500,000 | 5,527,005 | ||
West Park Hospital District Revenue, West Park Hospital Project, Series A, 7.00%, 6/01/40 | 5,500,000 | 5,902,050 | ||
| Wyoming CDA Student Housing Revenue, | ||||
CHF-Wyoming LLC, University of Wyoming Project, 6.25%, 7/01/31 | 600,000 | 635,298 | ||
CHF-Wyoming LLC, University of Wyoming Project, 6.50%, 7/01/43 | 1,600,000 | 1,687,264 | ||
| 13,751,617 | ||||
| U.S. Territories 4.7% | ||||
| Guam 1.1% | ||||
| Government of Guam GO, | ||||
Series A, 6.00%, 11/15/19 | 1,790,000 | 1,822,166 | ||
Series A, Pre-Refunded, 6.75%, 11/15/29 | 10,000,000 | 10,240,800 | ||
Series A, Pre-Refunded, 7.00%, 11/15/39 | 15,000,000 | 15,375,000 | ||
Guam Government Hotel Occupancy Tax Revenue, Refunding, Series A, 6.50%, 11/01/40 | 10,380,000 | 11,152,583 | ||
| Guam Government Limited Obligation Revenue, | ||||
Section 30, Series A, Pre-Refunded, 5.625%, 12/01/29 | 3,850,000 | 3,930,966 | ||
Section 30, Series A, Pre-Refunded, 5.75%, 12/01/34 | 8,430,000 | 8,612,425 | ||
Guam Government Waterworks Authority Water and Wastewater System Revenue, Pre-Refunded, 5.625%, 7/01/40 | 4,000,000 | 4,177,440 | ||
| Guam International Airport Authority Revenue, | ||||
General, Refunding, Series B, AGMC Insured, 5.50%, 10/01/33 | 2,000,000 | 2,297,280 | ||
General, Refunding, Series B, AGMC Insured, 5.75%, 10/01/43 | 3,000,000 | 3,467,310 | ||
Guam Power Authority Revenue, Series A, Pre-Refunded, 5.50%, 10/01/40 | 10,000,000 | 10,529,400 | ||
| 71,605,370 | ||||
| Northern Mariana Islands 0.2% | ||||
Northern Mariana Islands Commonwealth Ports Authority Seaport Revenue, Senior Series A, 6.60%, 3/15/28 | 10,965,000 | 11,028,378 | ||
| Puerto Rico 3.4% | ||||
| Children’s Trust Fund Tobacco Settlement Revenue, | ||||
Asset-Backed, Refunding, 5.50%, 5/15/39 | 9,500,000 | 9,599,940 | ||
Asset-Backed, Refunding, 5.625%, 5/15/43 | 2,500,000 | 2,525,875 | ||
| b | Puerto Rico Electric Power Authority Power Revenue, | |||
Refunding, Series A, 5.00%, 7/01/42 | 26,990,000 | 21,592,000 | ||
Series A, 7.25%, 7/01/30 | 25,000,000 | 20,812,500 | ||
Series A, 6.75%, 7/01/36 | 29,750,000 | 24,618,125 | ||
Series A, 7.00%, 7/01/43 | 5,000,000 | 4,162,500 | ||
Series A-4, zero cpn., 7/01/19 | 5,500,000 | 4,895,000 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| U.S. Territories (continued) | ||||
| Puerto Rico (continued) | ||||
| b | Puerto Rico Electric Power Authority Power Revenue, (continued) | |||
Series B, zero cpn., 7/01/19 | $5,500,000 | $4,895,000 | ||
Series E-1, zero cpn., 1/01/21 | 6,000,000 | 5,340,000 | ||
Series E-2, zero cpn., 7/01/21 | 6,000,000 | 5,340,000 | ||
Series E-3, zero cpn., 1/01/22 | 1,989,500 | 1,770,655 | ||
Series E-4, zero cpn., 7/01/22 | 1,989,499 | 1,770,654 | ||
Series WW, 5.50%, 7/01/38 | 16,355,000 | 13,165,775 | ||
Series XX, 5.75%, 7/01/36 | 23,620,000 | 19,073,150 | ||
Series XX, 5.25%, 7/01/40 | 71,780,000 | 57,603,450 | ||
Puerto Rico HFAR, Capital Fund Modernization Program, Puerto Rico Public Housing Projects, Refunding, 5.125%, 12/01/27 | 3,000,000 | 3,068,940 | ||
Puerto Rico Industrial Tourist Educational Medical and Environmental Control Facilities Financing Authority Revenue, Cogeneration Facility, AES Puerto Rico Project, 6.625%, 6/01/26 | 16,835,000 | 16,856,044 | ||
| 217,089,608 | ||||
Total U.S. Territories | 299,723,356 | |||
Total Municipal Bonds before Short Term Investments (Cost $5,364,319,769) | 6,081,769,803 | |||
| Short Term Investments 4.3% | ||||
| Municipal Bonds 4.3% | ||||
| Colorado 0.2% | ||||
| e | Denver City and County COP, Wellington E. Webb Municipal Office Building, Refunding, Series A3, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 12/01/31 | 8,900,000 | 8,900,000 | |
| Florida 1.4% | ||||
| e | St. Lucie County PCR, Florida Power and Light Co. Project, Refunding, Daily VRDN and Put, 2.25%, 9/01/28 | 89,175,000 | 89,175,000 | |
| Georgia 0.0%† | ||||
| e | Athens-Clarke County Unified Government Development Authority Revenue, University of Georgia Athletic Assn. Project, Series B, LOC Wells Fargo Bank, Daily VRDN and Put, 2.18%, 7/01/35 | 1,300,000 | 1,300,000 | |
| b | Baldwin County Hospital Authority Revenue, Oconee Regional Medical Center, 6.50%, 4/30/17 | 1,260,628 | 252,126 | |
| e | Fulton County Development Authority Revenue, Children’s Healthcare of Atlanta Inc. Project, Refunding, SPA PNC Bank, Weekly VRDN and Put, 1.37%, 7/01/42 | 200,000 | 200,000 | |
| 1,752,126 | ||||
| Kentucky 0.0%† | ||||
| e | Berea Educational Facilities Revenue, Berea College Project, Series B, Daily VRDN and Put, 2.20%, 6/01/29 | 140,000 | 140,000 | |
| Louisiana 0.0%† | ||||
| e | East Baton Rouge Parish PCR, Exxon Project, Refunding, Daily VRDN and Put, 2.20%, 11/01/19 | 400,000 | 400,000 | |
| Michigan 0.0%† | ||||
| e | Michigan State Strategic Fund Limited Obligation Revenue, Henry Ford Museum and Greenfield Village Project, LOC Comerica Bank, Daily VRDN and Put, 2.25%, 12/01/33 | 1,400,000 | 1,400,000 |
| Principal Amount | Value | |||
| Short Term Investments (continued) | ||||
| Municipal Bonds (continued) | ||||
| Mississippi 0.2% | ||||
| e | Mississippi Business Finance Corp. Gulf Opportunity Zone IDR, Chevron USA Inc. Project, Series B, Daily VRDN and Put, 2.40%, 11/01/35 | $320,000 | $320,000 | |
| e | Mississippi State Business Finance Corp. Gulf Opportunity Zone Industrial Development Revenue, Chevron USA Inc. Project, Series B, Daily VRDN and Put, 2.40%, 12/01/30 | 13,100,000 | 13,100,000 | |
| 13,420,000 | ||||
| New York 1.4% | ||||
| e | MTA Dedicated Tax Fund Revenue, Refunding, Subseries A-1, LOC Toronto Dominion Bank, Daily VRDN and Put, 2.20%, 11/01/31 | 10,150,000 | 10,150,000 | |
| e | New York City GO, | |||
Fiscal 2014, Series D, Subseries D-3, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 8/01/38 | 42,405,000 | 42,405,000 | ||
Fiscal 2015, Series F, Subseries F-6, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 6/01/44 | 1,500,000 | 1,500,000 | ||
| e | New York City Municipal Water Finance Authority Water and Sewer System Revenue, Second General Resolution, Fiscal 2014, Refunding, Series AA, Subseries AA-1, SPA JPMorgan Chase Bank, Daily VRDN and
Put, 2.25%, 6/15/50 | 6,930,000 | 6,930,000 | |
| e | New York City Transitional Finance Authority Revenue, Future Tax Secured, Subordinate, Fiscal 2013, Series C, Subseries C-4, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 11/01/36 | 18,800,000 | 18,800,000 | |
| e | Triborough Bridge and Tunnel Authority Revenue, General, MTA Bridges and Tunnels, Refunding, Subseries B-2, LOC Citibank, Weekly VRDN and Put, 2.12%, 1/01/32 | 6,700,000 | 6,700,000 | |
| 86,485,000 | ||||
| North Carolina 0.2% | ||||
| e | The Charlotte-Mecklenburg Hospital Authority Revenue, Carolinas HealthCare System, Refunding, Series C, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.24%, 1/15/37 | 14,450,000 | 14,450,000 | |
| Ohio 0.1% | ||||
| e | Allen County Hospital Facilities Revenue, Catholic Healthcare Partners, Series C, LOC MUFG Union Bank NA, Daily VRDN and Put, 2.43%, 6/01/34 | 5,800,000 | 5,800,000 | |
| Oregon 0.5% | ||||
| e | Oregon State Facilities Authority Revenue, PeaceHealth, Refunding, Series B, LOC TD Bank National Association, Daily VRDN and Put, 2.20%, 8/01/34 | 32,300,000 | 32,300,000 | |
| Pennsylvania 0.0%† | ||||
| e | Emmaus General Authority Revenue, SPA Wells Fargo Bank, Weekly VRDN and Put, 1.49%, 12/01/28 | 900,000 | 900,000 | |
| Tennessee 0.2% | ||||
| e | Shelby County Health Educational and Housing Facility Board Revenue, Methodist Le Bonheur Healthcare, Refunding, Series A, AGMC Insured, SPA US Bank National Association, Daily VRDN and Put, 2.20%,
6/01/42 | 12,300,000 | 12,300,000 |
| Principal Amount | Value | |||
| Short Term Investments (continued) | ||||
| Municipal Bonds (continued) | ||||
| Utah 0.1% | ||||
| e | Weber County Hospital Revenue, IHC Health Services Inc., Series C, SPA Bank of New York Mellon, Daily VRDN and Put, 2.24%, 2/15/35 | $3,180,000 | $3,180,000 | |
Total Short Term Investments (Cost $271,610,629) | 270,602,126 | |||
Total Investments (Cost $5,635,930,398) 99.6% | 6,352,371,929 | |||
Other Assets, less Liabilities 0.4% | 27,554,718 | |||
Net Assets 100.0% | $6,379,926,647 |
| †Rounds to less than 0.1% of net assets. |
| aThe bond pays interest and/or principal based upon the issuer’s ability to pay, which may be less than the stated interest rate or principal paydown. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cSecurity purchased on a when-issued basis. |
| dThe maturity date shown represents the mandatory put date. |
| eVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 93.9% | ||||
| Kentucky 93.9% | ||||
Boyle County Revenue, Educational Facilities, Centre College of Kentucky, Refunding, 5.00%, 6/01/37 | $2,000,000 | $2,325,000 | ||
Eastern Kentucky University General Receipts Revenue, Series A, 4.00%, 10/01/37 | 1,540,000 | 1,681,695 | ||
| Fayette County School District Finance Corp. Revenue, | ||||
School Building, Series A, 4.00%, 5/01/38 | 1,000,000 | 1,079,080 | ||
School Building, Series D, 5.00%, 8/01/34 | 1,985,000 | 2,294,084 | ||
Glasgow Healthcare Revenue, T.J. Samson Community Hospital Project, 6.45%, 2/01/41 | 2,000,000 | 2,125,960 | ||
Greater Kentucky Housing Assistance Corp. Mortgage Revenue, Section 8 Assisted Projects, Refunding, Series A, NATL Insured, 6.10%, 1/01/24 | 160,000 | 160,480 | ||
Jefferson County School District Finance Corp. School Building Revenue, Refunding, Series B, 4.00%, 12/01/26 | 3,500,000 | 4,057,690 | ||
Kentucky Bond Development Corp. Transient Room Tax Revenue, Lexington Center Corp. Project, Refunding, Series A, 5.00%, 9/01/48 | 2,500,000 | 2,943,475 | ||
| Kentucky Economic Development Finance Authority Revenue, | ||||
Catholic Health Initiatives, Refunding, Series A, 5.00%, 5/01/29 | 5,670,000 | 5,683,268 | ||
Hospital, Baptist Healthcare System Obligated Group, 5.25%, 8/15/46 | 5,000,000 | 5,307,050 | ||
| Kentucky Rural Water Finance Corp. Public Project Revenue, | ||||
Multimodal, Flexible Term Program, Series A, 5.00%, 2/01/26 | 485,000 | 486,329 | ||
Multimodal, Flexible Term Program, Series I, 5.00%, 2/01/34 | 1,010,000 | 1,012,262 | ||
| Kentucky State Housing Corp. Conduit MFHR, | ||||
Collateral Mortgage Loan, Country Place Apartments Project, GNMA Secured, 5.00%, 4/20/40 | 2,280,000 | 2,335,358 | ||
Collateral Mortgage Loan, Country Place Apartments Project, GNMA Secured, 5.25%, 4/20/45 | 1,850,000 | 1,895,196 | ||
| Kentucky State Infrastructure Authority Revenue, | ||||
Wastewater and Drinking Water Revolving Fund, Series A, Pre-Refunded, 5.00%, 2/01/28 | 2,000,000 | 2,187,760 | ||
Wastewater and Drinking Water Revolving Fund, Series A, Pre-Refunded, 5.00%, 2/01/31 | 4,190,000 | 4,583,357 | ||
Kentucky State Municipal Power Agency Power System Revenue, Prairie State Project, Refunding, Series A, NATL Insured, 5.00%, 9/01/36 | 3,000,000 | 3,430,260 | ||
| Kentucky State Property and Buildings Commission Revenue, | ||||
Project No. 108, Refunding, Series A, 5.00%, 8/01/34 | 3,500,000 | 3,988,845 | ||
Project No. 115, 5.00%, 4/01/38 | 2,500,000 | 2,887,275 | ||
| Kentucky State Turnpike Authority Economic Development Road Revenue, | ||||
Revitalization Projects, Refunding, Series A, 5.00%, 7/01/30 | 2,500,000 | 2,664,325 | ||
Revitalization Projects, Refunding, Series A, 5.00%, 7/01/36 | 550,000 | 651,750 | ||
Revitalization Projects, Refunding, Series A, 5.00%, 7/01/37 | 700,000 | 826,868 | ||
Revitalization Projects, Series A, 5.00%, 7/01/32 | 2,000,000 | 2,242,080 | ||
Revitalization Projects, Series A, 5.00%, 7/01/33 | 3,000,000 | 3,473,370 | ||
Revitalization Projects, Series A, Pre-Refunded, 5.00%, 7/01/29 | 1,000,000 | 1,002,640 | ||
| Lexington-Fayette Urban County Airport Board Revenue, | ||||
General Airport, Refunding, Series B, 5.00%, 7/01/29 | 1,185,000 | 1,300,087 | ||
General Airport, Series A, Pre-Refunded, 5.00%, 7/01/27 | 2,000,000 | 2,005,420 | ||
Lexington-Fayette Urban County Government Public Facilities Corp. Lease Revenue, Eastern State Hospital Project, Refunding, Series A, 5.25%, 6/01/32 | 3,000,000 | 3,149,220 | ||
Louisville and Jefferson County Metro Government Parking Authority Revenue, first mortgage, Series A, Pre-Refunded, 5.375%, 12/01/39 | 1,995,000 | 2,034,222 | ||
| Louisville and Jefferson County Metropolitan Sewer District Revenue, | ||||
Sewer and Drainage System, Refunding, Series A, 4.00%, 5/15/38 | 5,000,000 | 5,544,150 | ||
Sewer and Drainage System, Series A, 4.00%, 5/15/48 | 2,750,000 | 2,958,533 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Kentucky (continued) | ||||
| Louisville/Jefferson County Metro Government Revenue, | ||||
College, Bellarmine University Project, Refunding and Improvement, Series A, 5.00%, 5/01/36 | $2,715,000 | $3,007,976 | ||
College, Improvement and Refunding, Bellarmine University Inc. Project, 5.00%, 5/01/31 | 2,000,000 | 2,192,340 | ||
Morehead State University General Receipts Revenue, Refunding, Series A, 5.00%, 10/01/28 | 1,910,000 | 2,180,399 | ||
Murray Hospital Facilities Revenue, Murray-Calloway County Public Hospital Corp. Project, Pre-Refunded, 6.375%, 8/01/40 | 2,500,000 | 2,637,000 | ||
| Owen County Waterworks System Revenue, | ||||
American Water Co. Project, Series A, 6.25%, 6/01/39 | 2,000,000 | 2,006,520 | ||
American Water Co. Project, Series A, 5.375%, 6/01/40 | 2,000,000 | 2,070,360 | ||
American Water Co. Project, Series B, 5.625%, 9/01/39 | 2,000,000 | 2,018,080 | ||
Owensboro Electric Light and Power System Revenue, Refunding, 4.00%, 1/01/27 | 1,250,000 | 1,398,063 | ||
Owensboro Water Revenue, Refunding and Improvement, 4.00%, 9/15/45 | 5,000,000 | 5,393,700 | ||
Paducah Electric Plant Board Revenue, Refunding, Series A, AGMC Insured, 5.00%, 10/01/34 | 5,700,000 | 6,593,190 | ||
Pikeville Hospital Revenue, Pikeville Medical Center Inc. Project, Improvement and Refunding, 6.50%, 3/01/41 | 2,875,000 | 3,058,655 | ||
Princeton Electric Plant Board Revenue, Series A, Assured Guaranty, 5.00%, 11/01/37 | 1,500,000 | 1,518,720 | ||
Russell Revenue, Bon Secours Health System Inc., Pre-Refunded, 5.00%, 11/01/26 | 4,000,000 | 4,456,360 | ||
Scott County School District Finance Corp. Revenue, School Building, 4.00%, 6/01/38 | 1,615,000 | 1,754,552 | ||
Shelby County School District Finance Corp. Revenue, School Building, 4.00%, 8/01/38 | 3,465,000 | 3,746,011 | ||
| University of Kentucky General Receipts Revenue, | ||||
Series A, 4.00%, 10/01/32 | 4,000,000 | 4,432,800 | ||
Series A, 4.00%, 4/01/44 | 2,250,000 | 2,385,788 | ||
| University of Louisville Revenue, | ||||
General Receipts, Series A, 5.00%, 9/01/28 | 2,220,000 | 2,373,224 | ||
General Receipts, Series D, 5.00%, 3/01/30 | 4,140,000 | 4,972,181 | ||
Warren County Hospital Facility Revenue, Bowling Green, Warren County, Series A, 5.00%, 10/01/33 | 1,000,000 | 1,091,400 | ||
Western Kentucky University Revenue, General Receipts, Series A, 5.00%, 5/01/32 | 1,625,000 | 1,764,360 | ||
Total Municipal Bonds before Short Term Investments (Cost $132,804,574) | 139,368,768 | |||
| Short Term Investments 5.2% | ||||
| Municipal Bonds 5.2% | ||||
| Kentucky 5.2% | ||||
| a | Berea Educational Facilities Revenue, | |||
Berea College Project, Series A, Daily VRDN and Put, 2.20%, 6/01/32 | 5,870,000 | 5,870,000 | ||
Berea College Project, Series B, Daily VRDN and Put, 2.20%, 6/01/29 | 1,500,000 | 1,500,000 |
| Principal Amount | Value | |||
| Short Term Investments (continued) | ||||
| Municipal Bonds (continued) | ||||
| Kentucky (continued) | ||||
| a | Louisville/Jefferson County Metro Government Health System Revenue, Norton Healthcare Inc., Series B, LOC PNC Bank, Daily VRDN and Put, 2.25%, 10/01/39 | $300,000 | $300,000 | |
Total Short Term Investments (Cost $7,670,000) | 7,670,000 | |||
Total Investments (Cost $140,474,574) 99.1% | 147,038,768 | |||
Other Assets, less Liabilities 0.9% | 1,282,428 | |||
Net Assets 100.0% | $148,321,196 |
| aVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.8% | ||||
| Louisiana 97.4% | ||||
Alexandria Utilities Revenue, Series A, 5.00%, 5/01/38 | $10,000,000 | $11,088,200 | ||
Bossier City Public Improvement Sales Tax Revenue, Series ST, 5.00%, 12/01/36 | 1,405,000 | 1,652,041 | ||
Bossier City Utilities Revenue, Refunding, 5.00%, 10/01/37 | 5,280,000 | 6,023,107 | ||
Calcasieu Parish Public Trust Authority Student Lease Revenue, McNeese State University Student Housing, Cowboy Facilities Inc. Project, Refunding, AGMC Insured, 5.00%, 5/01/29 | 2,050,000 | 2,226,525 | ||
Calcasieu Parish School District No. 23 GO, Refunding, Series A, 5.00%, 2/15/29 | 1,380,000 | 1,492,415 | ||
| Calcasieu Parish School District No. 31 GO, | ||||
Public School Improvement, BAM Insured, 5.00%, 3/01/36 | 1,000,000 | 1,192,130 | ||
Public School Improvement, BAM Insured, 5.00%, 3/01/38 | 1,000,000 | 1,183,990 | ||
| East Baton Rouge Mortgage Finance Authority SFMR, | ||||
MBS Program, Refunding, Series A-3, GNMA Secured, 5.00%, 10/01/28 | 275,000 | 275,531 | ||
MBS Program, Series A-2, GNMA Secured, 5.10%, 10/01/40 | 155,000 | 155,431 | ||
East Baton Rouge Parish Sales Tax Revenue, Road and Street Improvement, Assured Guaranty, Pre-Refunded, 5.50%, 8/01/30 | 1,700,000 | 1,710,948 | ||
| East Baton Rouge Sewerage Commission Revenue, | ||||
Refunding, Series B, 5.00%, 2/01/33 | 1,000,000 | 1,161,920 | ||
Refunding, Series B, 5.00%, 2/01/39 | 5,000,000 | 5,723,550 | ||
Greater New Orleans Expressway Commission Toll Revenue, sub. lien, AGMC Insured, 5.00%, 11/01/47 | 4,000,000 | 4,616,160 | ||
Jefferson Parish Hospital District No. 1 Hospital Revenue, Parish of Jefferson, West Jefferson Medical Center, Series A, Pre-Refunded, 6.00%, 1/01/39 | 3,105,000 | 3,317,599 | ||
Jefferson Sales Tax District Special Sales Tax Revenue, Parish of Jefferson, Series B, AGMC Insured, 5.00%, 12/01/42 | 2,250,000 | 2,650,342 | ||
Kenner Consolidated Sewerage District Revenue, AGMC Insured, 5.00%, 11/01/36 | 4,000,000 | 4,294,840 | ||
Kenner Sales Tax Revenue, Refunding, Series A, 5.00%, 6/01/33 | 8,605,000 | 9,602,750 | ||
| Lafayette Communications System Revenue, | ||||
Refunding, AGMC Insured, 5.00%, 11/01/28 | 1,345,000 | 1,585,621 | ||
Refunding, AGMC Insured, 5.00%, 11/01/31 | 2,400,000 | 2,798,328 | ||
Lafayette Parish School Board Sales Tax Revenue, 5.00%, 4/01/48 | 6,000,000 | 7,055,280 | ||
| Lafayette Public Improvement Sales Tax Revenue, | ||||
Pre-Refunded, 5.00%, 3/01/36 | 1,865,000 | 1,980,742 | ||
Series A, 5.00%, 5/01/44 | 4,350,000 | 5,248,623 | ||
| Lafayette Public Trust Financing Authority Revenue, | ||||
Ragin’ Cajun Facilities Inc. Housing and Parking Project, AGMC Insured, Pre-Refunded, 5.25%, 10/01/30 | 4,000,000 | 4,199,760 | ||
Ragin’ Cajun Facilities Inc. Project, Assured Guaranty, Pre-Refunded, 5.75%, 10/01/29 | 750,000 | 760,523 | ||
Ragin’ Cajun Facilities Inc. Project, Assured Guaranty, Pre-Refunded, 6.00%, 10/01/34 | 1,750,000 | 1,775,953 | ||
Ragin’ Cajun Facilities Inc. Project, Assured Guaranty, Pre-Refunded, 6.00%, 10/01/38 | 1,335,000 | 1,354,798 | ||
Lafayette Utilities Revenue, Pre-Refunded, 5.00%, 11/01/33 | 5,000,000 | 5,247,950 | ||
| Louisiana Local Government Environmental Facilities and CDA Revenue, | ||||
Airport, Monroe Regional Airport Terminal Project, Assured Guaranty, Pre-Refunded, 5.50%, 2/01/39 | 2,000,000 | 2,053,380 | ||
Denham Springs Sewer District No. 1 Project, Assured Guaranty, Pre-Refunded, 5.00%, 12/01/39 | 3,750,000 | 3,815,925 | ||
East Ascension Consolidated Gravity Drainage District No. 1 Project, Refunding, BAM Insured, 5.00%, 12/01/40 | 2,925,000 | 3,411,632 | ||
East Baton Rouge Sewerage Commission Projects, sub. lien, Series A, 5.00%, 2/01/34 | 2,550,000 | 2,869,183 | ||
East Baton Rouge Sewerage Commission Projects, sub. lien, Series A, 5.00%, 2/01/43 | 3,000,000 | 3,302,730 | ||
LCTCS Act 360 Project, 5.00%, 10/01/32 | 3,000,000 | 3,434,610 | ||
LCTCS Act 360 Project, 5.00%, 10/01/33 | 5,000,000 | 5,709,750 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Louisiana (continued) | ||||
| Louisiana Local Government Environmental Facilities and CDA Revenue, (continued) | ||||
Louisiana Tech University Student Housing, Innovative Student Facilities Inc. Project, Series A, AGMC Insured, 4.00%, 10/01/33 | $800,000 | $875,760 | ||
Louisiana Tech University Student Housing, Innovative Student Facilities Inc. Project, Series A, AGMC Insured, 4.00%, 10/01/34 | 620,000 | 675,670 | ||
McNeese State University Student Parking, Cowboy Facilities Inc. Project, AGMC Insured, 5.00%, 3/01/36 | 1,800,000 | 1,950,588 | ||
Ragin’ Cajun Facilities Inc., Student Housing and Parking Project, AGMC Insured, 5.00%, 10/01/48 | 3,500,000 | 4,009,845 | ||
Ragin’ Cajun Facilities Inc., Student Housing and Parking Project, Refunding, AGMC Insured, 5.00%, 10/01/39 | 2,680,000 | 3,131,982 | ||
Southeastern Louisiana University Student Housing/University Facilities Inc. Project, Refunding, AGMC Insured, 4.00%, 8/01/34 | 1,000,000 | 1,095,100 | ||
Woman’s Hospital Foundation Project, Refunding, Series A, 5.00%, 10/01/44 | 5,000,000 | 5,738,500 | ||
| Louisiana Public Facilities Authority Hospital Revenue, | ||||
Franciscan Missionaries of Our Lady Health System Project, Refunding, Series A, 5.00%, 7/01/35 | 4,965,000 | 5,610,400 | ||
Franciscan Missionaries of Our Lady Health System Project, Series A, 5.00%, 7/01/47 | 5,000,000 | 5,694,300 | ||
Franciscan Missionaries of Our Lady Health System Project, Series A, Pre-Refunded, 5.00%, 7/01/35 | 35,000 | 41,930 | ||
Lafayette General Medical Center Project, Refunding, 5.50%, 11/01/40 | 5,000,000 | 5,139,250 | ||
Louisiana Children’s Medical Center Project, Series A1, 5.00%, 6/01/45 | 10,000,000 | 11,670,100 | ||
| Louisiana Public Facilities Authority Revenue, | ||||
Archdiocese of New Orleans Project, Refunding, 5.00%, 7/01/37 | 3,750,000 | 4,191,150 | ||
CHRISTUS Health, Series E, 5.00%, 7/01/48 | 5,000,000 | 5,897,850 | ||
Loyola University Project, 5.00%, 10/01/41 | 5,000,000 | 5,209,100 | ||
Loyola University Project, Pre-Refunded, 5.00%, 10/01/39 | 5,000,000 | 5,144,100 | ||
Ochsner Clinic Foundation Project, Pre-Refunded, 5.00%, 5/15/34 | 30,000 | 36,571 | ||
Ochsner Clinic Foundation Project, Pre-Refunded, 6.75%, 5/15/41 | 5,000,000 | 5,501,850 | ||
Ochsner Clinic Foundation Project, Pre-Refunded, 5.00%, 5/15/47 | 20,000 | 24,381 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/46 | 10,000,000 | 11,412,200 | ||
Ochsner Clinic Foundation Project, Refunding, 5.00%, 5/15/47 | 1,730,000 | 1,950,731 | ||
Ochsner Clinic Foundation Project, Series B, ETM, 5.75%, 5/15/23 | 2,500,000 | 2,900,500 | ||
Tulane University of Louisiana Project, Refunding, Series A, 5.00%, 12/15/41 | 3,000,000 | 3,484,350 | ||
Tulane University of Louisiana Project, Refunding, Series A, 4.00%, 12/15/50 | 2,000,000 | 2,151,900 | ||
Tulane University of Louisiana Project, Series B, 5.00%, 10/01/37 | 5,540,000 | 6,078,987 | ||
| Louisiana State Gasoline and Fuels Tax Revenue, | ||||
first lien, Refunding, Series A, 5.00%, 5/01/41 | 3,000,000 | 3,435,930 | ||
second lien, Refunding, Series C, 5.00%, 5/01/40 | 5,000,000 | 5,959,250 | ||
second lien, Refunding, Series C, 5.00%, 5/01/45 | 10,000,000 | 11,861,900 | ||
second lien, Refunding, Series C-1, 5.00%, 5/01/43 | 5,000,000 | 5,537,250 | ||
| Louisiana State GO, | ||||
Refunding, Series A, 5.00%, 9/01/36 | 5,000,000 | 5,914,800 | ||
Refunding, Series C, 5.00%, 8/01/27 | 7,200,000 | 8,339,040 | ||
Series A, 5.00%, 3/01/37 | 3,000,000 | 3,676,320 | ||
| Louisiana State Grant Anticipation Revenue, | ||||
Series A, 5.00%, 9/01/30 | 2,000,000 | 2,514,180 | ||
Series A, 5.00%, 9/01/31 | 4,750,000 | 5,937,690 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Louisiana (continued) | ||||
| Louisiana State Highway Improvement Revenue, | ||||
Series A, 5.00%, 6/15/30 | $2,860,000 | $3,203,658 | ||
Series A, 5.00%, 6/15/32 | 9,850,000 | 11,263,967 | ||
| Louisiana State Public Facilities Authority Lease Revenue, | ||||
Provident Group, Flagship Properties LLC, Louisiana State University Greenhouse District Project, 5.00%, 7/01/52 | 2,310,000 | 2,628,387 | ||
Provident Group, Flagship Properties LLC, Louisiana State University Nicholson Gateway Project, Series A, 5.00%, 7/01/46 | 6,500,000 | 7,375,355 | ||
Louisiana State Transportation Authority Revenue, Refunding, Series A, 5.00%, 8/15/38 | 4,500,000 | 5,068,755 | ||
Louisiana State Unclaimed Property Special Revenue, I-49 North Project, 5.00%, 9/01/33 | 5,860,000 | 6,586,992 | ||
| Louisiana State University and Agricultural and Mechanical College Revenue, | ||||
Board of Supervisors, Auxiliary, 5.00%, 7/01/37 | 4,000,000 | 4,439,720 | ||
Board of Supervisors, Auxiliary, Refunding, 5.00%, 7/01/29 | 1,000,000 | 1,147,510 | ||
Board of Supervisors, Auxiliary, Refunding, 5.00%, 7/01/30 | 1,040,000 | 1,191,310 | ||
Board of Supervisors, Auxiliary, Refunding, 5.00%, 7/01/34 | 1,000,000 | 1,139,330 | ||
Board of Supervisors, Auxiliary, Refunding, Series A, 5.00%, 7/01/40 | 4,500,000 | 5,192,415 | ||
Board of Supervisors, Auxiliary, Series A, Pre-Refunded, 5.00%, 7/01/40 | 5,000,000 | 5,189,700 | ||
Natchitoches Parish School District No. 9 GO, School, AGMC Insured, 5.00%, 3/01/38 | 1,440,000 | 1,727,467 | ||
New Orleans Aviation Board Revenue, General Airport, North Terminal Project, Series A, 5.00%, 1/01/48 | 10,000,000 | 11,539,600 | ||
New Orleans Sewage Service Revenue, Assured Guaranty, Pre-Refunded, 6.25%, 6/01/29 | 500,000 | 500,000 | ||
Port of New Orleans Board of Commissioners Port Facility Revenue, Series A, AGMC Insured, 5.00%, 4/01/48 | 2,750,000 | 3,224,787 | ||
Ruston Sales Tax Revenue, AGMC Insured, 5.00%, 6/01/35 | 1,085,000 | 1,254,694 | ||
Shreveport GO, Pre-Refunded, 5.00%, 8/01/29 | 4,790,000 | 5,145,705 | ||
Shreveport Limited Obligation Revenue, Independence Stadium Project, Refunding, BAM Insured, 5.00%, 3/01/27 | 1,500,000 | 1,811,370 | ||
Shreveport Water and Sewer Revenue, Series B, 5.00%, 12/01/41 | 4,000,000 | 4,610,720 | ||
St. Tammany Parish Hospital Service District No. 1 Hospital Revenue, St. Tammany Parish Hospital Project, Refunding, Series A, 5.00%, 7/01/48 | 5,000,000 | 5,796,000 | ||
| St. Tammany Parish Utilities Revenue, | ||||
Series B, Pre-Refunded, 5.50%, 8/01/35 | 2,650,000 | 2,771,847 | ||
Series B, Pre-Refunded, 5.00%, 8/01/44 | 3,290,000 | 3,422,455 | ||
Terrebonne Levee and Conservation District Public Improvement Sales Tax Revenue, 5.00%, 7/01/38 | 2,000,000 | 2,227,740 | ||
Terrebonne Parish Sales and Use Tax Revenue, Morganza Levee Improvement, Series ST, AGMC Insured, Pre-Refunded, 5.00%, 4/01/32 | 2,265,000 | 2,409,688 | ||
| 368,634,894 | ||||
| U.S. Territories 1.4% | ||||
| Puerto Rico 1.4% | ||||
| a | Puerto Rico Electric Power Authority Power Revenue, Series WW, 5.25%, 7/01/33 | 6,450,000 | 5,176,125 | |
Total Municipal Bonds before Short Term Investments (Cost $354,318,974) | 373,811,019 |
| Principal Amount | Value | |||
| Short Term Investments (Cost $1,100,000) 0.3% | ||||
| Municipal Bonds 0.3% | ||||
| Louisiana 0.3% | ||||
| b | East Baton Rouge Parish PCR, Exxon Project, Refunding, Daily VRDN and Put, 2.20%, 11/01/19 | $1,100,000 | $1,100,000 | |
Total Investments (Cost $355,418,974) 99.1% | 374,911,019 | |||
Other Assets, less Liabilities 0.9% | 3,337,727 | |||
Net Assets 100.0% | $378,248,746 |
| aDefaulted security or security for which income has been deemed uncollectible. |
| bVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.7% | ||||
| Maryland 94.5% | ||||
Annapolis GO, Public Improvements, Pre-Refunded, 5.00%, 8/01/31 | $1,250,000 | $1,345,600 | ||
| Anne Arundel County GO, | ||||
Consolidated General Improvements, Refunding, 5.00%, 4/01/33 | 3,140,000 | 3,515,167 | ||
Consolidated Water and Sewer, 5.00%, 4/01/41 | 12,620,000 | 13,318,769 | ||
| a | Anne Arundel County MFHR, Glenview Gardens Apartments Project, Mandatory Put, SPA FHLMC, 5.00%, 1/01/27 | 1,920,000 | 1,990,176 | |
| Baltimore County GO, | ||||
Metropolitan District, 78th Issue, Refunding, 5.00%, 2/01/39 | 2,900,000 | 3,419,883 | ||
Metropolitan District, 78th Issue, Refunding, 5.00%, 2/01/41 | 2,900,000 | 3,406,949 | ||
| Baltimore Revenue, | ||||
Mayor and City Council of Baltimore, Wastewater Projects, Series A, 5.00%, 7/01/41 | 14,435,000 | 15,322,897 | ||
Mayor and City Council of Baltimore, Wastewater Projects, Subordinate, Series A, 5.00%, 7/01/46 | 5,000,000 | 5,879,550 | ||
Mayor and City Council of Baltimore, Water Projects, Refunding, Series B, 5.00%, 7/01/38 | 5,000,000 | 5,649,950 | ||
Mayor and City Council of Baltimore, Water Projects, Series A, 5.00%, 7/01/38 | 8,930,000 | 10,090,811 | ||
Mayor and City Council of Baltimore, Water Projects, Series A, 5.00%, 7/01/41 | 7,845,000 | 8,314,366 | ||
Mayor and City Council of Baltimore, Water Projects, Subordinate, Series A, Pre-Refunded, 5.375%, 7/01/34 | 750,000 | 752,190 | ||
Mayor and City Council of Baltimore, Water Projects, Subordinate, Series A, Pre-Refunded, 5.75%, 7/01/39 | 1,250,000 | 1,253,988 | ||
| Howard County Housing Commission Revenue, | ||||
Gateway Village Apartments, 4.00%, 6/01/46 | 2,000,000 | 2,099,440 | ||
The Verona at Oakland Mills Project, 5.00%, 10/01/28 | 10,000,000 | 11,173,500 | ||
Woodfield Oxford Square Apartments, 5.00%, 12/01/46 | 5,000,000 | 5,749,550 | ||
Maryland Environmental Service Revenue, Mid-Shore II Regional Landfill Project, Refunding, 5.00%, 11/01/30 | 3,935,000 | 4,123,132 | ||
Maryland Stadium Authority Revenue, Baltimore City Public Schools, Construction and Revitalization Program, 5.00%, 5/01/46 | 10,085,000 | 11,647,872 | ||
| Maryland State Community Development Administration Local Government Infrastructure Revenue, | ||||
Senior Obligations, Series A-1, 4.00%, 6/01/47 | 2,300,000 | 2,468,797 | ||
Senior Obligations, Series A-1, 5.00%, 6/01/48 | 1,310,000 | 1,547,647 | ||
Subordinate Obligations, Series A-2, 5.00%, 6/01/34 | 3,500,000 | 3,886,820 | ||
Maryland State EDC, PCR, Potomac Electric Project, Refunding, 6.20%, 9/01/22 | 10,000,000 | 10,197,800 | ||
| Maryland State EDC Student Housing Revenue, | ||||
Salisbury University Project, Refunding, 5.00%, 6/01/34 | 2,040,000 | 2,167,133 | ||
Senior, Frostburg State University Project, Refunding, 5.00%, 10/01/33 | 5,000,000 | 5,385,750 | ||
Senior, Morgan State University Project, Refunding, 5.00%, 7/01/27 | 4,750,000 | 5,041,318 | ||
Senior, Morgan State University Project, Refunding, 5.00%, 7/01/34 | 2,150,000 | 2,247,051 | ||
Senior, Towson University Project, 5.00%, 7/01/27 | 1,145,000 | 1,242,565 | ||
University of Maryland, College Park Projects, Refunding, AGMC Insured, 5.00%, 6/01/35 | 4,225,000 | 4,944,771 | ||
University of Maryland, College Park Projects, Refunding, AGMC Insured, 5.00%, 6/01/43 | 3,305,000 | 3,824,877 | ||
University Village at Sheppard Pratt, 5.00%, 7/01/27 | 1,500,000 | 1,609,380 | ||
University Village at Sheppard Pratt, 5.00%, 7/01/33 | 2,495,000 | 2,646,521 | ||
| Maryland State Health and Higher Educational Facilities Authority Revenue, | ||||
Adventist HealthCare Issue, Series A, 5.50%, 1/01/46 | 8,000,000 | 9,272,240 | ||
Anne Arundel Health System Issue, Refunding, 5.00%, 7/01/39 | 10,000,000 | 11,126,900 | ||
Anne Arundel Health System Issue, Series A, Pre-Refunded, 6.75%, 7/01/29 | 2,000,000 | 2,007,940 | ||
Anne Arundel Health System Issue, Series A, Pre-Refunded, 6.75%, 7/01/39 | 2,000,000 | 2,007,940 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Maryland (continued) | ||||
| Maryland State Health and Higher Educational Facilities Authority Revenue, (continued) | ||||
Charlestown Community Issue, Refunding, Series A, 5.00%, 1/01/45 | $4,170,000 | $4,782,448 | ||
Goucher College Issue, Refunding, Series A, 5.00%, 7/01/34 | 1,500,000 | 1,623,630 | ||
Goucher College Issue, Refunding, Series A, 5.00%, 7/01/44 | 7,470,000 | 8,562,712 | ||
Helix Health Issue, AMBAC Insured, ETM, 5.00%, 7/01/27 | 10,345,000 | 11,974,441 | ||
Johns Hopkins Medical Institutions Utilities Program Issue, Refunding, Series A, 5.00%, 5/15/37 | 10,000,000 | 11,648,900 | ||
The Johns Hopkins University Issue, Series A, 5.00%, 7/01/37 | 5,000,000 | 5,484,000 | ||
The Johns Hopkins University Issue, Series A, 5.00%, 7/01/41 | 15,000,000 | 16,442,550 | ||
The Johns Hopkins University Issue, Series B, 5.00%, 7/01/38 | 5,000,000 | 5,592,500 | ||
LifeBridge Health Issue, Refunding, 5.00%, 7/01/44 | 2,000,000 | 2,311,220 | ||
LifeBridge Health Issue, Refunding, 5.00%, 7/01/47 | 4,000,000 | 4,564,800 | ||
Loyola University Maryland, Refunding, 5.00%, 10/01/45 | 2,250,000 | 2,522,475 | ||
Loyola University Maryland, Refunding, Series A, 5.00%, 10/01/39 | 5,275,000 | 5,741,152 | ||
Maryland Institute College of Art Issue, Refunding, 5.00%, 6/01/29 | 1,000,000 | 1,089,540 | ||
Maryland Institute College of Art Issue, Refunding, 4.00%, 6/01/42 | 5,325,000 | 5,535,071 | ||
Medstar Health Issue, Series A, 5.00%, 8/15/38 | 5,000,000 | 5,519,900 | ||
Medstar Health Issue, Series A, 5.00%, 5/15/45 | 5,000,000 | 5,802,700 | ||
Meritus Medical Center Issue, Refunding, 5.00%, 7/01/45 | 8,535,000 | 9,552,031 | ||
Parking, The Johns Hopkins Medical Institutions Parking Facilities Issue, AMBAC Insured, 5.00%, 7/01/27 | 655,000 | 661,498 | ||
Parking, The Johns Hopkins Medical Institutions Parking Facilities Issue, AMBAC Insured, 5.00%, 7/01/34 | 5,000,000 | 5,049,700 | ||
Parking, The Johns Hopkins Medical Institutions Parking Facilities Issue, Refunding, Series B, AMBAC Insured, 5.00%, 7/01/38 | 6,200,000 | 6,206,014 | ||
Peninsula Regional Medical Center Issue, Refunding, 5.00%, 7/01/45 | 6,330,000 | 6,994,017 | ||
Trinity Health Credit Group, 5.00%, 12/01/46 | 1,680,000 | 1,980,132 | ||
University of Maryland Medical System Issue, Refunding, 5.00%, 7/01/35 | 2,100,000 | 2,397,003 | ||
University of Maryland Medical System Issue, Refunding, Series B, 5.00%, 7/01/39 | 10,000,000 | 11,616,000 | ||
University of Maryland Medical System Issue, Series D, 4.00%, 7/01/48 | 5,000,000 | 5,342,650 | ||
| Maryland State Industrial Development Financing Authority EDR, | ||||
McDonogh School Facility, Refunding, 4.00%, 9/01/43 | 1,100,000 | 1,191,014 | ||
McDonogh School Facility, Refunding, 4.00%, 9/01/48 | 610,000 | 654,402 | ||
| Montgomery County GO, | ||||
Consolidated Public Improvement, Refunding, Series A, 4.00%, 11/01/20 | 8,000,000 | 8,087,280 | ||
Consolidated Public Improvement, Refunding, Series A, 4.00%, 12/01/33 | 7,000,000 | 7,747,110 | ||
| Montgomery County Revenue, | ||||
Department of Liquor Control, Refunding, Series A, 5.00%, 4/01/27 | 1,625,000 | 1,725,539 | ||
Department of Liquor Control, Refunding, Series A, 5.00%, 4/01/28 | 2,230,000 | 2,366,721 | ||
Department of Liquor Control, Refunding, Series A, 5.00%, 4/01/31 | 2,470,000 | 2,617,755 | ||
Department of Liquor Control, Series A, 5.00%, 4/01/30 | 1,935,000 | 2,051,487 | ||
| Montgomery County Water Quality Protection Charge Revenue, | ||||
Series A, 5.00%, 4/01/30 | 1,855,000 | 1,907,070 | ||
Series A, 5.00%, 4/01/31 | 1,240,000 | 1,274,385 | ||
Prince George’s County COP, Public Safety Communications Center, 5.00%, 10/01/30 | 2,060,000 | 2,150,228 | ||
Prince George’s County GO, Consolidated Public Improvement, Series A, 4.00%, 7/15/35 | 11,405,000 | 12,931,331 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Maryland (continued) | ||||
| Washington Suburban Sanitary District GO, | ||||
Montgomery and Prince George’s Counties, Consolidated Public Improvement, Second Series, 5.00%, 6/01/37 | $5,000,000 | $5,958,550 | ||
Montgomery and Prince George’s Counties, Consolidated Public Improvement, Second Series, 4.00%, 6/01/43 | 8,070,000 | 8,782,097 | ||
| 389,121,293 | ||||
| District of Columbia 2.3% | ||||
Washington Metropolitan Area Transit Authority Gross Revenue, Transit, Series B, 5.00%, 7/01/42 | 8,000,000 | 9,510,240 | ||
| U.S. Territories 1.9% | ||||
| Puerto Rico 1.9% | ||||
| b | Puerto Rico Electric Power Authority Power Revenue, | |||
Series WW, 5.50%, 7/01/38 | 5,000,000 | 4,025,000 | ||
Series XX, 5.25%, 7/01/40 | 5,000,000 | 4,012,500 | ||
| 8,037,500 | ||||
Total Municipal Bonds before Short Term Investments (Cost $386,749,760) | 406,669,033 | |||
| Short Term Investments (Cost $300,000) 0.1% | ||||
| Municipal Bonds 0.1% | ||||
| Maryland 0.1% | ||||
| c | Montgomery County GO, Consolidated Public Improvement, Series E, SPA US Bank National Association, Daily VRDN and Put, 2.22%, 11/01/37 | 300,000 | 300,000 | |
Total Investments (Cost $387,049,760) 98.8% | 406,969,033 | |||
Other Assets, less Liabilities 1.2% | 4,832,938 | |||
Net Assets 100.0% | $411,801,971 |
| aThe maturity date shown represents the mandatory put date. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 100.1% | ||||
| Massachusetts 100.1% | ||||
Belmont GO, Municipal Purpose Loan of 2019, 4.00%, 3/15/45 | $3,020,000 | $3,303,548 | ||
Boston Water and Sewer Commission Revenue, General, Refunding, Senior Series A, 4.00%, 11/01/28 | 4,400,000 | 4,959,504 | ||
| Braintree GO, | ||||
a Municipal Purpose Loan, Refunding, 3.00%, 6/01/35 | 1,765,000 | 1,802,100 | ||
Refunding, 5.00%, 5/15/27 | 2,000,000 | 2,533,520 | ||
City of Quincy GO, Muni Purpose Loan, Refunding, 4.00%, 6/01/32 | 2,565,000 | 2,809,393 | ||
| Massachusetts Bay Transportation Authority Sales Tax Revenue, | ||||
Refunding, Senior Series A, 5.25%, 7/01/30 | 4,000,000 | 5,373,840 | ||
Refunding, Series B, 5.00%, 7/01/33 | 2,500,000 | 2,942,675 | ||
Series A, 5.00%, 7/01/40 | 5,000,000 | 5,796,800 | ||
| Massachusetts Development Finance Agency Revenue, | ||||
Boston College Issue, Refunding, Series T, 5.00%, 7/01/42 | 3,750,000 | 4,463,962 | ||
Boston University Issue, Series BB1, 4.00%, 10/01/46 | 5,000,000 | 5,355,150 | ||
The Broad Institute Issue, Refunding, 4.00%, 4/01/41 | 5,000,000 | 5,501,400 | ||
The Broad Institute Issue, Series A, Pre-Refunded, 5.375%, 4/01/41 | 15,000,000 | 16,073,250 | ||
Dana-Farber Cancer Institute Issue, Series N, 5.00%, 12/01/46 | 6,890,000 | 7,964,358 | ||
Harvard University Issue, Refunding, Series A, 5.00%, 7/15/33 | 5,000,000 | 6,066,800 | ||
Lahey Clinic Obligated Group Issue, Refunding, Series F, 5.00%, 8/15/32 | 2,975,000 | 3,395,070 | ||
Lahey Health System Obligated Group Issue, Refunding, Series F, 5.00%, 8/15/34 | 5,000,000 | 5,674,200 | ||
Northeastern University Issue, Series A, 5.00%, 3/01/44 | 5,000,000 | 5,637,150 | ||
Partners HealthCare System Issue, Refunding, Series Q, 5.00%, 7/01/34 | 5,000,000 | 5,940,800 | ||
Partners HealthCare System Issue, Refunding, Series S, 5.00%, 7/01/33 | 1,880,000 | 2,297,548 | ||
Partners HealthCare System Issue, Refunding, Series S, 4.00%, 7/01/41 | 7,500,000 | 8,221,125 | ||
Partners HealthCare System Issue, Series L, Pre-Refunded, 5.00%, 7/01/41 | 5,000,000 | 5,351,900 | ||
Sterling and Francine Clark Art Institute Issue, Pre-Refunded, 5.00%, 7/01/41 | 12,900,000 | 13,835,379 | ||
Williams College Issue, Refunding, Series S, 4.00%, 7/01/46 | 9,550,000 | 10,465,558 | ||
Worcester Polytechnic Institute Issue, 4.00%, 9/01/49 | 4,825,000 | 4,987,602 | ||
Worcester Polytechnic Institute Issue, Refunding, 5.00%, 9/01/42 | 1,090,000 | 1,279,867 | ||
| Massachusetts State College Building Authority Project Revenue, | ||||
Refunding, Series B, XLCA Insured, 5.50%, 5/01/39 | 5,000,000 | 7,049,450 | ||
Refunding, Series D, 4.00%, 5/01/38 | 4,350,000 | 4,785,739 | ||
Series B, Pre-Refunded, 5.00%, 5/01/40 | 4,625,000 | 4,775,544 | ||
| Massachusetts State Department of Transportation Metropolitan Highway System Revenue, | ||||
Commonwealth Contract Assistance Secured, Subordinated, Series B, 5.00%, 1/01/35 | 16,165,000 | 16,480,056 | ||
Commonwealth Contract Assistance Secured, Subordinated, Series B, 5.00%, 1/01/37 | 1,015,000 | 1,255,829 | ||
| Massachusetts State Development Finance Agency Revenue, | ||||
a Brandeis University Issue, Refunding, Series S-1, 5.00%, 10/01/38 | 1,205,000 | 1,471,112 | ||
Wellesley College Issue, Refunding, Series L, 4.00%, 7/01/44 | 6,160,000 | 6,837,046 | ||
Woods Hole Oceanographic Institution Issue, Refunding, 5.00%, 6/01/35 | 1,200,000 | 1,470,120 | ||
Woods Hole Oceanographic Institution Issue, Refunding, 5.00%, 6/01/36 | 1,000,000 | 1,221,300 | ||
| Massachusetts State Educational Financing Authority Education Loan Revenue, | ||||
Issue I, 6.00%, 1/01/28 | 2,860,000 | 2,916,285 | ||
Issue I, Refunding, Series A, 5.50%, 1/01/22 | 3,000,000 | 3,069,900 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Massachusetts (continued) | ||||
| Massachusetts State GO, | ||||
Consolidated Loan of 2014, Series F, 4.00%, 11/01/29 | $6,000,000 | $6,472,860 | ||
Consolidated Loan of 2017, Series A, 5.25%, 4/01/42 | 5,000,000 | 6,039,150 | ||
Consolidated Loan of 2018, Series A, 5.00%, 1/01/47 | 5,000,000 | 5,946,900 | ||
| Massachusetts State Health and Educational Facilities Authority Revenue, | ||||
Boston College Issue, Series M-2, 5.50%, 6/01/35 | 8,600,000 | 11,834,546 | ||
Cable Housing and Health Services Issue, Series A, NATL Insured, 5.25%, 7/01/23 | 575,000 | 575,730 | ||
Cape Cod Healthcare Obligated Group Issue, Assured Guaranty, Pre-Refunded, 6.00%, 11/15/28 | 3,000,000 | 3,061,260 | ||
Cape Cod Healthcare Obligated Group Issue, Assured Guaranty, Pre-Refunded, 5.125%, 11/15/35 | 3,150,000 | 3,202,101 | ||
Children’s Hospital Issue, Series M, Pre-Refunded, 5.25%, 12/01/39 | 7,000,000 | 7,129,850 | ||
Lesley University Issue, Series A, Assured Guaranty, Pre-Refunded, 5.25%, 7/01/39 | 9,350,000 | 9,377,115 | ||
Partners HealthCare System Issue, Series J-1, Pre-Refunded, 5.00%, 7/01/39 | 1,000,000 | 1,002,670 | ||
Southcoast Health System Obligated Group Issue, Series D, 5.00%, 7/01/39 | 5,500,000 | 5,515,015 | ||
Sterling and Francine Clark Art Institute Issue, Series B, Pre-Refunded, 5.00%, 7/01/40 | 5,000,000 | 5,192,450 | ||
Massachusetts State HFA, MFHR, Section 8 Assisted, Series A, ETM, 7.00%, 4/01/21 | 315,000 | 338,609 | ||
| Massachusetts State HFAR, | ||||
Housing, Refunding, Series A, 3.25%, 12/01/27 | 4,000,000 | 4,148,240 | ||
Housing, Refunding, Series A, 3.50%, 12/01/31 | 5,805,000 | 5,960,342 | ||
Housing, Series C, 5.125%, 12/01/39 | 1,700,000 | 1,701,632 | ||
Housing, Series C, 5.35%, 12/01/49 | 4,500,000 | 4,504,680 | ||
Housing, Series D, 5.05%, 6/01/40 | 3,120,000 | 3,122,184 | ||
Housing, Series F, 3.15%, 12/01/32 | 105,000 | 106,001 | ||
Housing, Series F, 3.45%, 12/01/37 | 45,000 | 45,548 | ||
SF Housing, Series 159, FNMA Insured, 4.05%, 12/01/32 | 1,670,000 | 1,702,749 | ||
SF Housing, Series 162, GNMA Secured, 3.15%, 12/01/32 | 10,905,000 | 11,052,763 | ||
| Massachusetts State School Building Authority Dedicated Sales Tax Revenue, | ||||
Senior, Refunding, Series C, 5.00%, 11/15/34 | 5,000,000 | 6,048,800 | ||
Senior, Series B, 5.00%, 10/15/41 | 10,000,000 | 10,714,700 | ||
| Massachusetts State Special Obligation Dedicated Tax Revenue, | ||||
Refunding, NATL Insured, 5.50%, 1/01/25 | 10,900,000 | 13,193,578 | ||
Refunding, NATL Insured, 5.50%, 1/01/34 | 16,900,000 | 22,875,840 | ||
| Massachusetts State Transportation Fund Revenue, | ||||
Accelerated Bridge Program, Series A, Pre-Refunded, 4.00%, 6/01/31 | 5,555,000 | 5,838,805 | ||
Rail Enhancement and Accelerated Bridge Programs, Series B, 4.00%, 6/01/45 | 7,175,000 | 7,747,350 | ||
| Massachusetts State Water Pollution Abatement Trust Revenue, | ||||
Pooled Loan Program, Series 6, 5.50%, 8/01/30 | 195,000 | 195,614 | ||
Pooled Loan Program, Series 7, 5.125%, 2/01/31 | 260,000 | 260,749 | ||
Water Pollution Abatement, MWRA Program, Subordinate, Refunding, Series A, 5.75%, 8/01/29 | 250,000 | 250,833 | ||
| Massachusetts Water Resources Authority Revenue, | ||||
General, Green Bonds, Refunding, Series C, 5.00%, 8/01/40 | 5,000,000 | 5,927,500 | ||
General, Green Bonds, Series B, 5.00%, 8/01/40 | 1,140,000 | 1,368,114 | ||
General, Green Bonds, Series B, 5.00%, 8/01/42 | 3,145,000 | 3,762,018 | ||
General, Refunding, Series B, AGMC Insured, 5.25%, 8/01/28 | 5,490,000 | 7,217,703 | ||
General, Series B, 5.00%, 8/01/43 | 4,000,000 | 4,849,480 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Massachusetts (continued) | ||||
| Metropolitan Boston Transit Parking Corp. Systemwide Parking Revenue, | ||||
senior lien, 5.00%, 7/01/41 | $7,500,000 | $7,937,700 | ||
senior lien, Refunding, 5.25%, 7/01/36 | 5,585,000 | 5,974,498 | ||
Natick GO, Municipal Purpose Loan of 2018, 4.00%, 7/15/35 | 4,970,000 | 5,639,558 | ||
Plymouth GO, Municipal Purpose Loan, Refunding, 4.00%, 5/01/47 | 5,000,000 | 5,439,850 | ||
Springfield Water and Sewer Commission Revenue, General, Series C, 5.00%, 4/15/37 | 1,260,000 | 1,512,693 | ||
| University of Massachusetts Building Authority Project Revenue, | ||||
Refunding, Senior Series 1, 5.00%, 11/01/44 | 4,000,000 | 4,593,720 | ||
Senior Series 1, 5.25%, 11/01/42 | 5,000,000 | 6,132,100 | ||
Senior Series 2019-1, Refunding, 5.00%, 5/01/39 | 5,000,000 | 6,190,650 | ||
| Worcester GO, | ||||
Municipal Purpose Loan, 3.25%, 11/01/25 | 3,370,000 | 3,485,726 | ||
Municipal Purpose Loan, 3.50%, 11/01/26 | 3,000,000 | 3,113,190 | ||
Total Municipal Bonds before Short Term Investments (Cost $404,857,228) | 431,668,044 | |||
| Short Term Investments (Cost $1,500,000) 0.3% | ||||
| Municipal Bonds 0.3% | ||||
| Massachusetts 0.3% | ||||
| b | Massachusetts State Health and Educational Facilities Authority Revenue, Harvard University Issue, Refunding, Series R, Daily VRDN and Put, 2.05%, 11/01/49 | 1,500,000 | 1,500,000 | |
Total Investments (Cost $406,357,228) 100.4% | 433,168,044 | |||
Other Assets, less Liabilities (0.4)% | (1,709,258) | |||
Net Assets 100.0% | $431,458,786 |
| aSecurity purchased on a when-issued basis. |
| bVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 96.9% | ||||
| Michigan 96.9% | ||||
| Ann Arbor Public Schools GO, | ||||
County of Washtenaw, Refunding, 5.00%, 5/01/28 | $1,000,000 | $1,181,080 | ||
County of Washtenaw, Refunding, 5.00%, 5/01/29 | 1,235,000 | 1,445,740 | ||
Battle Creek Water and Wastewater System Revenue, Calhoun County, Series A, 5.00%, 6/01/36 | 1,300,000 | 1,502,267 | ||
| Bloomfield Charter Township GO, | ||||
County of Oakland, Refunding, 5.00%, 5/01/29 | 470,000 | 566,609 | ||
County of Oakland, Refunding, 5.00%, 5/01/32 | 1,000,000 | 1,186,150 | ||
| Byron Center Public Schools GO, | ||||
Kent County, School Building and Site, Series I, 5.00%, 5/01/34 | 1,000,000 | 1,190,740 | ||
Kent County, School Building and Site, Series I, 5.00%, 5/01/35 | 1,920,000 | 2,279,078 | ||
Kent County, School Building and Site, Series I, 5.00%, 5/01/36 | 650,000 | 769,919 | ||
Kent County, School Building and Site, Series I, 5.00%, 5/01/37 | 1,480,000 | 1,746,356 | ||
Kent County, School Building and Site, Series I, 5.00%, 5/01/38 | 1,330,000 | 1,565,596 | ||
Kent County, School Building and Site, Series I, 5.00%, 5/01/39 | 2,290,000 | 2,691,506 | ||
Kent County, School Building and Site, Series I, 5.00%, 5/01/43 | 2,250,000 | 2,642,445 | ||
Kent County, School Building and Site, Series I, 5.00%, 5/01/47 | 4,140,000 | 4,831,794 | ||
Caledonia Community Schools GO, Counties of Kent, Allegan and Barry, Refunding, 5.00%, 5/01/26 | 1,000,000 | 1,218,890 | ||
| Central Michigan University Revenue, | ||||
Board of Trustees, General, Refunding, 5.00%, 10/01/30 | 1,910,000 | 2,219,668 | ||
Board of Trustees, General, Refunding, 5.00%, 10/01/31 | 1,055,000 | 1,223,684 | ||
Board of Trustees, General, Refunding, 5.00%, 10/01/34 | 1,600,000 | 1,852,384 | ||
Board of Trustees, General, Refunding, 5.00%, 10/01/39 | 2,000,000 | 2,316,740 | ||
| Chippewa Valley Schools GO, | ||||
County of Macomb, Refunding, 5.00%, 5/01/28 | 6,075,000 | 6,818,215 | ||
County of Macomb, Refunding, 5.00%, 5/01/29 | 6,425,000 | 7,200,690 | ||
County of Macomb, Refunding, 5.00%, 5/01/30 | 6,420,000 | 7,182,247 | ||
County of Macomb, Refunding, 5.00%, 5/01/31 | 3,000,000 | 3,350,160 | ||
County of Macomb, Refunding, 5.00%, 5/01/32 | 6,590,000 | 7,353,913 | ||
Commerce Charter Township GO, County of Oakland, Capital Improvement, Refunding, 5.00%, 12/01/38 | 3,250,000 | 3,783,812 | ||
Detroit City School District GO, School Building and Site Improvement, Series A, AGMC Insured, 6.00%, 5/01/29 | 10,000,000 | 12,338,000 | ||
Detroit Water and Sewerage Department Sewage Disposal System Revenue, senior lien, Refunding, Series A, AGMC Insured, 5.00%, 7/01/39 | 5,000,000 | 5,419,550 | ||
| Detroit Water Supply System Revenue, | ||||
second lien, Series B, NATL Insured, 5.00%, 7/01/34 | 25,000 | 25,066 | ||
senior lien, Series A, AGMC Insured, 5.00%, 7/01/34 | 30,000 | 30,083 | ||
| DeWitt Public Schools GO, | ||||
County of Clinton, School Building and Site, 5.00%, 5/01/30 | 500,000 | 604,790 | ||
County of Clinton, School Building and Site, 5.00%, 5/01/33 | 815,000 | 969,891 | ||
County of Clinton, School Building and Site, 5.00%, 5/01/34 | 1,000,000 | 1,184,400 | ||
County of Clinton, School Building and Site, 5.00%, 5/01/35 | 1,000,000 | 1,179,920 | ||
County of Clinton, School Building and Site, 5.00%, 5/01/36 | 1,000,000 | 1,176,620 | ||
| Downriver Utility Wastewater Authority Sewer System Revenue, | ||||
AGMC Insured, 5.00%, 4/01/34 | 510,000 | 604,666 | ||
AGMC Insured, 5.00%, 4/01/36 | 1,600,000 | 1,883,248 | ||
AGMC Insured, 5.00%, 4/01/38 | 1,500,000 | 1,754,775 | ||
AGMC Insured, 5.00%, 4/01/43 | 3,000,000 | 3,487,440 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| East Lansing School District GO, | ||||
Counties of Ingham and Clinton, School Building and Site, Series I, 5.00%, 5/01/35 | $1,500,000 | $1,796,055 | ||
Counties of Ingham and Clinton, School Building and Site, Series I, 5.00%, 5/01/37 | 1,100,000 | 1,304,039 | ||
Counties of Ingham and Clinton, School Building and Site, Series I, 5.00%, 5/01/42 | 3,500,000 | 4,088,595 | ||
| Farmington Public School District GO, | ||||
County of Oakland, School Building and Site, Refunding, AGMC Insured, 5.00%, 5/01/27 | 1,000,000 | 1,175,560 | ||
County of Oakland, School Building and Site, Refunding, AGMC Insured, 5.00%, 5/01/28 | 2,000,000 | 2,343,780 | ||
County of Oakland, School Building and Site, Refunding, AGMC Insured, 5.00%, 5/01/32 | 4,035,000 | 4,679,107 | ||
County of Oakland, School Building and Site, Refunding, AGMC Insured, 5.00%, 5/01/33 | 2,900,000 | 3,357,620 | ||
County of Oakland, School Building and Site, Refunding, AGMC Insured, 5.00%, 5/01/34 | 3,000,000 | 3,464,160 | ||
County of Oakland, School Building and Site, Refunding, AGMC Insured, 5.00%, 5/01/35 | 1,000,000 | 1,154,310 | ||
County of Oakland, School Building and Site, Refunding, BAM Insured, 4.50%, 5/01/38 | 7,225,000 | 8,251,167 | ||
Grand Rapids Building Authority Revenue, County of Kent, Series A, AMBAC Insured, 5.00%, 10/01/28 | 3,590,000 | 3,599,908 | ||
| Grand Rapids Sanitary Sewer System Revenue, | ||||
County of Kent, 5.00%, 1/01/37 | 1,040,000 | 1,251,671 | ||
County of Kent, 5.00%, 1/01/43 | 1,000,000 | 1,189,540 | ||
County of Kent, 5.00%, 1/01/48 | 5,000,000 | 5,918,850 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/28 | 1,560,000 | 1,796,418 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/29 | 1,000,000 | 1,149,240 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/31 | 2,095,000 | 2,389,704 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/32 | 1,175,000 | 1,338,525 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/33 | 1,125,000 | 1,279,823 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/34 | 1,000,000 | 1,135,400 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/35 | 1,500,000 | 1,701,060 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/39 | 880,000 | 1,004,054 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/44 | 2,000,000 | 2,282,100 | ||
County of Kent, Refunding, 5.00%, 1/01/36 | 1,250,000 | 1,459,125 | ||
County of Kent, Refunding, 5.00%, 1/01/38 | 1,000,000 | 1,161,620 | ||
| Grand Rapids Water Supply System Revenue, | ||||
County of Kent, Improvement and Refunding, 5.00%, 1/01/41 | 2,190,000 | 2,523,690 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/43 | 1,500,000 | 1,771,635 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/46 | 2,525,000 | 2,909,532 | ||
County of Kent, Improvement and Refunding, 5.00%, 1/01/48 | 2,000,000 | 2,360,800 | ||
| Grand Traverse County Hospital Finance Authority Revenue, | ||||
Munson Healthcare Obligated Group, Series A, 5.00%, 7/01/44 | 2,000,000 | 2,197,780 | ||
Munson Healthcare Obligated Group, Series A, 5.00%, 7/01/44 | 1,110,000 | 1,275,645 | ||
Munson Healthcare Obligated Group, Series A, 5.00%, 7/01/47 | 2,500,000 | 2,746,450 | ||
Munson Healthcare Obligated Group, Series B, 5.00%, 7/01/39 | 1,625,000 | 1,876,745 | ||
| Grand Valley State University Revenue, | ||||
General, 5.00%, 12/01/38 | 900,000 | 1,085,274 | ||
General, 5.00%, 12/01/43 | 1,800,000 | 2,153,700 | ||
General, Refunding, Series A, 5.00%, 12/01/32 | 4,295,000 | 5,044,392 | ||
| Grandville Public School District GO, | ||||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/29 | 750,000 | 861,263 | ||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/30 | 1,000,000 | 1,146,050 | ||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/31 | 1,150,000 | 1,315,025 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| Grandville Public School District GO, (continued) | ||||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/32 | $1,165,000 | $1,330,104 | ||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/34 | 1,315,000 | 1,493,472 | ||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/35 | 1,225,000 | 1,390,044 | ||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/37 | 2,915,000 | 3,302,724 | ||
School Building and Site, Series II, AGMC Insured, 5.00%, 5/01/40 | 6,215,000 | 7,037,804 | ||
Gull Lake CSD, GO, Counties of Kalamazoo Barry and Calhoun, School Building and Site, Series I, 5.00%, 5/01/48 | 5,000,000 | 5,891,450 | ||
| Holly Area School District GO, | ||||
County of Oakland, Refunding, 5.00%, 5/01/30 | 1,045,000 | 1,195,135 | ||
County of Oakland, Refunding, 5.00%, 5/01/32 | 1,040,000 | 1,181,939 | ||
| Hudsonville Public Schools GO, | ||||
Counties of Ottawa and Allegan, Refunding, 5.00%, 5/01/37 | 1,550,000 | 1,839,959 | ||
Counties of Ottawa and Allegan, Refunding, 5.00%, 5/01/39 | 2,500,000 | 2,954,025 | ||
Counties of Ottawa and Allegan, Refunding, 5.00%, 5/01/41 | 2,500,000 | 2,943,725 | ||
Jackson County Hospital Finance Authority Revenue, W.A. Foote Memorial Hospital, Series C, Assured Guaranty, Pre-Refunded, 5.00%, 6/01/26 | 10,000,000 | 10,345,200 | ||
| Kalamazoo Hospital Finance Authority Hospital Facility Revenue, | ||||
Bronson Methodist Hospital, AGMC Insured, Pre-Refunded, 5.25%, 5/15/36 | 5,530,000 | 5,722,665 | ||
Bronson Methodist Hospital, Refunding, AGMC Insured, 5.25%, 5/15/36 | 4,470,000 | 4,594,087 | ||
| Kelloggsville Public School District GO, | ||||
School Building and Site, AGMC Insured, 5.00%, 5/01/33 | 1,045,000 | 1,208,020 | ||
School Building and Site, AGMC Insured, 5.00%, 5/01/35 | 1,150,000 | 1,317,843 | ||
School Building and Site, AGMC Insured, 5.00%, 5/01/38 | 3,815,000 | 4,363,788 | ||
| Kent County GO, | ||||
Capital Improvement, 5.00%, 6/01/32 | 1,305,000 | 1,559,684 | ||
Capital Improvement, 5.00%, 6/01/33 | 1,275,000 | 1,518,347 | ||
| Kentwood Public Schools GO, | ||||
School Building and Site, 5.00%, 5/01/35 | 1,205,000 | 1,407,488 | ||
School Building and Site, 5.00%, 5/01/36 | 1,205,000 | 1,403,982 | ||
School Building and Site, 5.00%, 5/01/38 | 1,210,000 | 1,402,003 | ||
School Building and Site, 5.00%, 5/01/41 | 1,120,000 | 1,284,293 | ||
School Building and Site, 5.00%, 5/01/44 | 1,800,000 | 2,064,294 | ||
| L’Anse Creuse Public Schools GO, | ||||
County of Macomb, Refunding, 5.00%, 5/01/28 | 5,230,000 | 6,118,211 | ||
County of Macomb, Refunding, 5.00%, 5/01/30 | 5,560,000 | 6,461,943 | ||
County of Macomb, Refunding, 5.00%, 5/01/32 | 5,890,000 | 6,812,492 | ||
County of Macomb, Refunding, 5.00%, 5/01/34 | 6,220,000 | 7,160,029 | ||
County of Macomb, Refunding, 5.00%, 5/01/35 | 2,840,000 | 3,261,257 | ||
Lansing Board of Water and Light Utility System Revenue, Series A, 5.50%, 7/01/41 | 10,000,000 | 10,756,600 | ||
| Lansing Community College GO, | ||||
College Building and Site, Pre-Refunded, 5.00%, 5/01/32 | 2,310,000 | 2,542,686 | ||
College Building and Site, Refunding, 5.00%, 5/01/32 | 2,000,000 | 2,437,700 | ||
College Building and Site, Refunding, 5.00%, 5/01/32 | 690,000 | 754,136 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| Lansing School District GO, | ||||
Counties of Ingham, Eaton and Clinton, School Building and Site, Series I, 5.00%, 5/01/37 | $1,490,000 | $1,733,228 | ||
Counties of Ingham, Eaton and Clinton, School Building and Site, Series I, 5.00%, 5/01/39 | 2,125,000 | 2,466,147 | ||
Counties of Ingham, Eaton and Clinton, School Building and Site, Series I, 5.00%, 5/01/40 | 2,200,000 | 2,548,436 | ||
Lenawee County Hospital Finance Authority Hospital Revenue, ProMedica Healthcare Obligated Group, Series B, Pre-Refunded, 6.00%, 11/15/35 | 5,000,000 | 5,533,500 | ||
| Livonia Public Schools School District GO, | ||||
County of Wayne, School Building and Site, Series I, AGMC Insured, 5.00%, 5/01/36 | 5,725,000 | 6,403,641 | ||
County of Wayne, School Building and Site, Series I, AGMC Insured, 5.00%, 5/01/38 | 6,000,000 | 6,700,800 | ||
County of Wayne, School Building and Site, Series I, AGMC Insured, 5.00%, 5/01/43 | 16,850,000 | 18,814,878 | ||
| Macomb Interceptor Drain Drainage District GO, | ||||
Drain, Limited Tax, Refunding, Series A, 5.00%, 5/01/34 | 2,000,000 | 2,395,840 | ||
Drain, Limited Tax, Refunding, Series A, 5.00%, 5/01/42 | 7,500,000 | 8,837,400 | ||
Mason County CSD, GO, Counties of Mason, Lake and Oceana, Refunding, 5.00%, 5/01/26 | 1,100,000 | 1,299,870 | ||
| Mattawan Consolidated School GO, | ||||
Counties of Van Buren and Kalamazoo, School Building and Site, Series I, 5.00%, 5/01/30 | 1,000,000 | 1,162,220 | ||
Counties of Van Buren and Kalamazoo, School Building and Site, Series I, 5.00%, 5/01/31 | 1,915,000 | 2,217,244 | ||
Counties of Van Buren and Kalamazoo, School Building and Site, Series I, 5.00%, 5/01/32 | 1,110,000 | 1,281,184 | ||
Counties of Van Buren and Kalamazoo, School Building and Site, Series I, 5.00%, 5/01/34 | 2,325,000 | 2,669,425 | ||
Counties of Van Buren and Kalamazoo, School Building and Site, Series I, 5.00%, 5/01/39 | 3,375,000 | 3,839,940 | ||
| Meridian Public Schools GO, | ||||
County of Midland, Refunding, 5.00%, 5/01/27 | 735,000 | 864,485 | ||
County of Midland, Refunding, 5.00%, 5/01/29 | 775,000 | 907,711 | ||
County of Midland, Refunding, 5.00%, 5/01/31 | 1,130,000 | 1,309,026 | ||
| Michigan Finance Authority Revenue, | ||||
Clean Water Revolving Fund, Refunding, Series B, 4.00%, 10/01/30 | 2,750,000 | 3,138,355 | ||
Clean Water Revolving Fund, Refunding, Series B, 5.00%, 10/01/38 | 8,055,000 | 9,916,672 | ||
Clean Water Revolving Fund, Refunding, Series B, 5.00%, 10/01/39 | 6,000,000 | 7,368,420 | ||
Higher Education Facilities, Limited Obligation, Kalamazoo College Project, Refunding, 4.00%, 12/01/47 | 2,610,000 | 2,836,757 | ||
Hospital, Henry Ford Health System, Refunding, 5.00%, 11/15/30 | 4,930,000 | 5,860,784 | ||
Hospital, Henry Ford Health System, Refunding, 5.00%, 11/15/32 | 2,725,000 | 3,208,796 | ||
Hospital, Henry Ford Health System, Refunding, 5.00%, 11/15/37 | 4,235,000 | 4,897,481 | ||
Hospital, Henry Ford Health System, Refunding, 5.00%, 11/15/41 | 25,045,000 | 28,940,750 | ||
Hospital, Oakwood Obligated Group, Refunding, 5.00%, 8/15/28 | 5,585,000 | 6,284,689 | ||
Hospital, Oakwood Obligated Group, Refunding, 5.00%, 8/15/29 | 5,865,000 | 6,589,621 | ||
Hospital, Oakwood Obligated Group, Refunding, AGMC Insured, 5.00%, 11/01/32 | 10,005,000 | 11,017,406 | ||
Hospital, Oakwood Obligated Group, Refunding, AGMC Insured, 5.00%, 11/01/42 | 12,000,000 | 13,077,360 | ||
Hospital, Sparrow Obligated Group, AGMC Insured, 5.00%, 11/15/42 | 8,000,000 | 8,654,000 | ||
Hospital, Trinity Health Credit Group, Refunding, Series A, 5.00%, 12/01/42 | 3,500,000 | 4,122,755 | ||
Hospital, Trinity Health Credit Group, Refunding, Series MI, 5.00%, 12/01/45 | 20,000,000 | 23,016,600 | ||
State Revolving Fund, Clean Water, Pre-Refunded, 5.00%, 10/01/28 | 3,000,000 | 3,344,430 | ||
State Revolving Fund, Clean Water, Pre-Refunded, 5.00%, 10/01/29 | 3,000,000 | 3,344,430 | ||
State Revolving Fund, Clean Water, Pre-Refunded, 5.00%, 10/01/32 | 2,000,000 | 2,229,620 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| Michigan Hospital Finance Authority Revenue, | ||||
Ascension Health Credit Group, Series B-3, 4.00%, 11/15/32 | $5,000,000 | $5,579,300 | ||
Ascension Health Credit Group, Series B-3, 4.00%, 11/15/33 | 5,370,000 | 5,976,004 | ||
Ascension Health Senior Credit Group, Refunding, Series F-7, 5.00%, 11/15/46 | 5,000,000 | 5,772,000 | ||
Ascension Health Senior Credit Group, Refunding, Series F-8, 5.00%, 11/15/47 | 10,000,000 | 11,532,400 | ||
McLaren Healthcare, Refunding, Series A, 5.00%, 6/01/26 | 2,065,000 | 2,256,570 | ||
McLaren Healthcare, Refunding, Series A, 5.00%, 6/01/27 | 2,285,000 | 2,493,483 | ||
McLaren Healthcare, Refunding, Series A, 5.00%, 6/01/28 | 2,615,000 | 2,850,402 | ||
McLaren Healthcare, Refunding, Series A, 5.00%, 6/01/35 | 2,250,000 | 2,433,420 | ||
MidMichigan Obligated Group, Series A, Pre-Refunded, 6.125%, 6/01/39 | 5,000,000 | 5,000,000 | ||
Trinity Health Credit Group, Series B, 5.00%, 12/01/48 | 20,000,000 | 21,331,000 | ||
| Michigan State Building Authority Revenue, | ||||
Facilities Program, Refunding, Series I, 5.00%, 4/15/41 | 13,000,000 | 15,201,550 | ||
Facilities Program, Refunding, Series I, 5.00%, 10/15/46 | 9,910,000 | 11,533,159 | ||
Facilities Program, Refunding, Series I, 5.00%, 10/15/51 | 1,000,000 | 1,157,460 | ||
Facilities Program, Refunding, Series I-A, 5.00%, 10/15/33 | 5,000,000 | 5,642,700 | ||
Facilities Program, Refunding, Series I-A, 5.50%, 10/15/45 | 2,000,000 | 2,160,160 | ||
Facilities Program, Refunding, Series I-A, 5.25%, 10/15/47 | 5,000,000 | 5,652,950 | ||
| Michigan State Strategic Fund Limited Obligation Revenue, | ||||
The Detroit Edison Co. Pollution Control Bonds Project, Refunding, Collateralized, Series BB, AMBAC Insured, 7.00%, 5/01/21 | 3,000,000 | 3,291,870 | ||
I-75 Improvement Project, 5.00%, 12/31/43 | 7,000,000 | 8,179,010 | ||
Michigan State Technological University Revenue, Board of Control, General, Refunding, Series A, 5.00%, 10/01/45 | 2,400,000 | 2,786,616 | ||
| Michigan State University Revenue, | ||||
Board of Trustees, General, Refunding, Series C, 5.00%, 2/15/44 | 14,630,000 | 14,930,939 | ||
Board of Trustees, General, Series A, 5.00%, 8/15/40 | 8,500,000 | 9,772,280 | ||
| Muskegon County GO, | ||||
Waste Water Management System No. 1, Refunding, 5.00%, 11/01/33 | 1,360,000 | 1,592,873 | ||
Waste Water Management System No. 1, Refunding, 5.00%, 11/01/36 | 1,735,000 | 2,023,218 | ||
Northview Public Schools District GO, School Building and Site, 5.00%, 5/01/41 | 3,000,000 | 3,085,230 | ||
| Oakland Schools Intermediate School District GO, | ||||
Refunding, 5.00%, 5/01/35 | 1,500,000 | 1,761,465 | ||
Refunding, 5.00%, 5/01/36 | 1,005,000 | 1,178,634 | ||
| Oakland University Board of Trustees Revenue, | ||||
General, 5.00%, 3/01/47 | 7,230,000 | 8,257,166 | ||
General, Refunding, 5.00%, 3/01/27 | 1,000,000 | 1,140,050 | ||
General, Refunding, 5.00%, 3/01/30 | 1,010,000 | 1,140,351 | ||
General, Refunding, 5.00%, 3/01/31 | 1,260,000 | 1,418,735 | ||
General, Refunding, 5.00%, 3/01/32 | 1,000,000 | 1,124,250 | ||
General, Refunding, 5.00%, 3/01/33 | 1,285,000 | 1,442,708 | ||
General, Refunding, 5.00%, 3/01/34 | 1,000,000 | 1,120,380 | ||
General, Refunding, 5.00%, 3/01/39 | 3,000,000 | 3,334,260 | ||
| Rochester Community School District GO, | ||||
Counties of Oakland and Macomb, School Building and Site, Series I, 5.00%, 5/01/32 | 5,575,000 | 6,593,106 | ||
Counties of Oakland and Macomb, School Building and Site, Series I, 5.00%, 5/01/35 | 6,450,000 | 7,556,304 | ||
Counties of Oakland and Macomb, School Building and Site, Series I, 5.00%, 5/01/36 | 2,800,000 | 3,274,012 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| Roseville Community Schools District GO, | ||||
County of Macomb, Refunding, 5.00%, 5/01/26 | $1,400,000 | $1,657,838 | ||
County of Macomb, Refunding, 5.00%, 5/01/27 | 1,370,000 | 1,615,559 | ||
County of Macomb, Refunding, 5.00%, 5/01/28 | 3,040,000 | 3,569,994 | ||
County of Macomb, Refunding, 5.00%, 5/01/29 | 3,300,000 | 3,865,092 | ||
County of Macomb, Refunding, 5.00%, 5/01/30 | 1,620,000 | 1,888,693 | ||
County of Macomb, Refunding, 5.00%, 5/01/31 | 1,585,000 | 1,839,931 | ||
| Royal Oak Hospital Finance Authority Hospital Revenue, | ||||
William Beaumont Hospital Obligated Group, Refunding, Series D, 5.00%, 9/01/27 | 3,350,000 | 3,816,956 | ||
William Beaumont Hospital Obligated Group, Refunding, Series D, 5.00%, 9/01/28 | 2,500,000 | 2,840,375 | ||
William Beaumont Hospital Obligated Group, Refunding, Series D, 5.00%, 9/01/39 | 17,500,000 | 19,378,800 | ||
| Saginaw Valley State University Revenue, | ||||
General, Refunding, Series A, 5.00%, 7/01/30 | 1,750,000 | 2,065,262 | ||
General, Refunding, Series A, 5.00%, 7/01/31 | 2,170,000 | 2,547,059 | ||
General, Refunding, Series A, 5.00%, 7/01/33 | 1,240,000 | 1,445,133 | ||
| Saline Area Schools GO, | ||||
County of Washtenaw, School Building and Site, 5.00%, 5/01/34 | 2,750,000 | 3,221,075 | ||
County of Washtenaw, School Building and Site, 5.00%, 5/01/36 | 2,950,000 | 3,441,204 | ||
| South Haven Public Schools GO, | ||||
School Building and Site, Series B, AGMC Insured, 5.00%, 5/01/33 | 350,000 | 405,230 | ||
School Building and Site, Series B, AGMC Insured, 5.00%, 5/01/35 | 1,575,000 | 1,818,038 | ||
Sparta Area Schools GO, School Building and Site, Counties of Kent and Ottawa, Series II, 5.00%, 5/01/48 | 5,750,000 | 6,745,382 | ||
| Trenton Public Schools GO, | ||||
County of Wayne, School Building and Site, 5.00%, 5/01/42 | 4,920,000 | 5,827,494 | ||
County of Wayne, School Building and Site, 5.00%, 5/01/45 | 11,480,000 | 13,580,151 | ||
| University of Michigan Revenue, | ||||
Regents, General, Refunding, 5.00%, 4/01/46 | 2,000,000 | 2,346,300 | ||
Regents, General, Refunding, Series A, 5.00%, 4/01/37 | 2,700,000 | 3,250,206 | ||
Regents, General, Refunding, Series A, 5.00%, 4/01/42 | 26,635,000 | 31,759,574 | ||
Regents, General, Refunding, Series A, 5.00%, 4/01/47 | 5,000,000 | 5,956,450 | ||
Warren Consolidated Schools District GO, Counties of Macomb and Oakland, School Building and Site, 5.00%, 5/01/32 | 2,500,000 | 2,699,650 | ||
Wayne County Airport Authority Revenue, Airport, Detroit Metropolitan Wayne County Airport, Series A, 5.00%, 12/01/43 | 7,750,000 | 9,294,497 | ||
| Wayne State University Revenue, | ||||
General, Refunding, Series A, 5.00%, 11/15/31 | 1,860,000 | 2,142,460 | ||
General, Refunding, Series A, 5.00%, 11/15/33 | 1,500,000 | 1,724,505 | ||
General, Series A, 5.00%, 11/15/43 | 4,500,000 | 5,380,695 | ||
General, Series A, 4.00%, 11/15/48 | 10,000,000 | 10,851,200 | ||
| Western Michigan University Revenue, | ||||
General, Refunding, Series A, 5.00%, 11/15/26 | 1,500,000 | 1,763,100 | ||
General, Refunding, Series A, 5.00%, 11/15/27 | 2,160,000 | 2,530,894 | ||
General, Refunding, Series A, 5.00%, 11/15/28 | 1,635,000 | 1,913,359 | ||
General, Refunding, Series A, 5.00%, 11/15/29 | 2,000,000 | 2,336,340 | ||
General, Refunding, Series A, 5.00%, 11/15/30 | 2,500,000 | 2,911,875 | ||
General, Refunding, Series A, 5.00%, 11/15/40 | 1,560,000 | 1,796,434 | ||
General, Refunding, Series A, 5.00%, 11/15/45 | 2,000,000 | 2,300,440 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Michigan (continued) | ||||
| Zeeland Public Schools GO, | ||||
School Building and Site, Series A, AGMC Insured, 5.00%, 5/01/31 | $1,530,000 | $1,775,167 | ||
School Building and Site, Series A, AGMC Insured, 5.00%, 5/01/33 | 2,000,000 | 2,312,000 | ||
School Building and Site, Series A, AGMC Insured, 5.00%, 5/01/34 | 2,000,000 | 2,305,840 | ||
School Building and Site, Series A, AGMC Insured, 5.00%, 5/01/35 | 2,000,000 | 2,302,620 | ||
Total Municipal Bonds before Short Term Investments (Cost $843,514,679) | 895,007,461 | |||
| Short Term Investments 2.6% | ||||
| Municipal Bonds 2.6% | ||||
| Michigan 2.6% | ||||
| a | Green Lake Township EDC Revenue, Interlochen Center for the Arts Project, Refunding, LOC Harris Trust & Savings Bank, Daily VRDN and Put, 2.25%, 6/01/34 | 900,000 | 900,000 | |
| a | Michigan State Strategic Fund Limited Obligation Revenue, Henry Ford Museum and Greenfield Village Project, LOC Comerica Bank, Daily VRDN and Put, 2.25%, 12/01/33 | 2,440,000 | 2,440,000 | |
| a | University of Michigan Revenue, | |||
Regents, General, Series A, SPA Wells Fargo Bank, Daily VRDN and Put, 2.16%, 4/01/38 | 16,200,000 | 16,200,000 | ||
Regents, General, Series D-1, Daily VRDN and Put, 2.15%, 12/01/24 | 4,800,000 | 4,800,000 | ||
Total Short Term Investments (Cost $24,340,000) | 24,340,000 | |||
Total Investments (Cost $867,854,679) 99.5% | 919,347,461 | |||
Other Assets, less Liabilities 0.5% | 4,575,295 | |||
Net Assets 100.0% | $923,922,756 |
| aVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 99.6% | ||||
| Minnesota 99.6% | ||||
| Alexandria ISD No. 206 GO, | ||||
School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 3.00%, 2/01/37 | $29,905,000 | $30,344,005 | ||
School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 5.00%, 2/01/37 | 11,700,000 | 12,356,136 | ||
| Anoka-Hennepin ISD No. 11 GO, | ||||
Anoka, School Building, Minnesota School District Credit Enhancement Program, Series A, 3.25%, 2/01/37 | 5,355,000 | 5,513,401 | ||
Anoka, School Building, Minnesota School District Credit Enhancement Program, Series A, 3.375%, 2/01/43 | 6,020,000 | 6,199,095 | ||
Anoka and Hennepin Counties, School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, Assured Guaranty, 5.00%, 2/01/20 | 5,870,000 | 6,010,234 | ||
Bemidji GO, Sales Tax, Pre-Refunded, 5.25%, 2/01/38 | 12,055,000 | 12,806,750 | ||
| Big Lake ISD No. 727 GO, | ||||
Refunding, Series B, 5.00%, 2/01/23 | 2,990,000 | 3,265,200 | ||
Refunding, Series B, 5.00%, 2/01/24 | 3,000,000 | 3,273,660 | ||
Refunding, Series B, 5.00%, 2/01/25 | 1,225,000 | 1,334,736 | ||
| Brainerd ISD No. 181 GO, | ||||
Brainerd Public Schools, Crow Wing Cass and Morrison Counties, Minnesota School District Credit Enhancement Program, School Building, Refunding, Series A, 4.00%, 2/01/32 | 3,065,000 | 3,461,059 | ||
Brainerd Public Schools, Crow Wing Cass and Morrison Counties, Minnesota School District Credit Enhancement Program, School Building, Refunding, Series A, 4.00%, 2/01/39 | 10,600,000 | 11,562,268 | ||
Brainerd Public Schools, Crow Wing Cass and Morrison Counties, Minnesota School District Credit Enhancement Program, School Building, Refunding, Series A, 4.00%, 2/01/42 | 1,900,000 | 2,064,920 | ||
Brainerd Public Schools, Crow Wing Cass and Morrison Counties, Minnesota School District Credit Enhancement Program, School Building, Refunding, Series C, 5.00%, 2/01/28 | 3,735,000 | 4,502,318 | ||
| Cambridge ISD No. 911 GO, | ||||
Cambridge Isanti Public Schools, School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 3.00%, 2/01/27 | 3,410,000 | 3,529,930 | ||
Cambridge Isanti Public Schools, School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 3.00%, 2/01/30 | 5,585,000 | 5,695,862 | ||
| Central Municipal Power Agency Revenue, | ||||
Brookings, South East Twin Cities Transmission Project, 5.00%, 1/01/32 | 1,150,000 | 1,245,634 | ||
Brookings, South East Twin Cities Transmission Project, 5.00%, 1/01/42 | 1,615,000 | 1,736,658 | ||
| Circle Pines ISD No. 12 GO, | ||||
School Building, Minnesota School District Credit Enhancement Program, Capital Appreciation, Series A, zero cpn., 2/01/32 | 1,450,000 | 946,314 | ||
School Building, Minnesota School District Credit Enhancement Program, Capital Appreciation, Series A, zero cpn., 2/01/34 | 1,600,000 | 948,704 | ||
School Building, Minnesota School District Credit Enhancement Program, Capital Appreciation, Series A, zero cpn., 2/01/35 | 350,000 | 197,974 | ||
Cloquet Public Schools ISD No. 94 GO, School Building, Series B, 5.00%, 2/01/32 | 3,615,000 | 4,207,788 | ||
Dakota County CDA, SFMR, MBS Program, Series A, GNMA Secured, 4.875%, 12/01/33 | 850,000 | 867,995 | ||
Dawson - Boyd ISD, No. 378 GO, School Building, Series A, 3.125%, 2/01/40 | 2,965,000 | 3,024,300 | ||
| Duluth EDA Health Care Facilities Revenue, | ||||
Essentia Health Obligated Group, Refunding, Series A, 5.25%, 2/15/53 | 15,900,000 | 18,598,071 | ||
Essentia Health Obligated Group, Refunding, Series A, 5.25%, 2/15/58 | 13,035,000 | 15,160,357 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Minnesota (continued) | ||||
| Duluth ISD No. 709 COP, | ||||
Refunding, Series A, 5.00%, 2/01/25 | $1,015,000 | $1,170,843 | ||
Refunding, Series A, 5.00%, 2/01/26 | 2,740,000 | 3,215,226 | ||
Refunding, Series A, 4.00%, 2/01/27 | 3,750,000 | 4,160,512 | ||
Refunding, Series A, 4.00%, 2/01/28 | 1,500,000 | 1,661,355 | ||
| Duluth ISD No. 709 GO, | ||||
Refunding, Series B, 4.00%, 2/01/25 | 3,450,000 | 3,816,045 | ||
Refunding, Series B, 2.50%, 2/01/26 | 2,840,000 | 2,905,434 | ||
Elk River ISD No. 728 GO, School Building, Elk River Area Schools, Series A, 4.00%, 2/01/32 | 6,130,000 | 6,624,384 | ||
Farmington ISD No. 192 GO, School Building, Series A, 4.00%, 2/01/28 | 3,830,000 | 4,315,184 | ||
Fridley ISD No. 14 GO, School Building, Fridley Public Schools, Anoka County, Series A, 4.00%, 2/01/29 | 2,220,000 | 2,495,435 | ||
Fridley MFHR, Village Green Apartments Project, 3.75%, 11/01/34 | 10,000,000 | 10,802,100 | ||
| Hastings ISD No. 200 GO, | ||||
Hastings Public Schools, Minnesota School District Credit Enhancement Program, Capital Appreciation, Series A, zero cpn., 2/01/38 | 4,685,000 | 2,490,687 | ||
Hastings Public Schools, Minnesota School District Credit Enhancement Program, Capital Appreciation, Series A, zero cpn., 2/01/39 | 4,685,000 | 2,381,667 | ||
Hastings Public Schools, Minnesota School District Credit Enhancement Program, Capital Appreciation, Series A, zero cpn., 2/01/40 | 4,685,000 | 2,276,535 | ||
| Hennepin County Regional Railroad Authority GO, | ||||
Limited Tax, Series A, 5.00%, 12/01/35 | 4,480,000 | 5,608,109 | ||
Limited Tax, Series A, 5.00%, 12/01/36 | 5,220,000 | 6,511,637 | ||
Refunding, Series A, 4.00%, 12/01/27 | 2,475,000 | 2,502,621 | ||
Refunding, Series A, 4.00%, 12/01/28 | 1,590,000 | 1,607,124 | ||
Hermantown ISD No. 700 GO, School Building, Series A, 4.00%, 2/01/29 | 2,310,000 | 2,524,137 | ||
| Hopkins Public Schools ISD No. 270 GO, | ||||
Hennepin County, Facilities Maintenance, Series A, 3.00%, 2/01/33 | 5,640,000 | 5,802,714 | ||
Hennepin County, Facilities Maintenance, Series A, 3.00%, 2/01/34 | 2,450,000 | 2,510,687 | ||
Jackson County GO, Capital Improvement Plan, Series A, 3.125%, 2/01/38 | 3,000,000 | 3,005,130 | ||
| Jordan ISD No. 717 GO, | ||||
School Building, Refunding, Series A, 5.00%, 2/01/32 | 1,605,000 | 1,802,383 | ||
School Building, Series A, 5.00%, 2/01/31 | 1,460,000 | 1,638,996 | ||
School Building, Series A, 5.00%, 2/01/33 | 1,700,000 | 1,907,774 | ||
School Building, Series A, 5.00%, 2/01/34 | 1,805,000 | 2,024,921 | ||
School Building, Series A, 5.00%, 2/01/35 | 1,000,000 | 1,121,840 | ||
School Building, Series A, Pre-Refunded, 5.00%, 2/01/32 | 395,000 | 443,277 | ||
Lakeville GO, Refunding, Series B, 3.00%, 2/01/30 | 4,690,000 | 4,783,096 | ||
Lakeville ISD No. 194 GO, Alternative Facilities, Series B, 3.00%, 2/01/25 | 3,560,000 | 3,688,516 | ||
| Metropolitan Council Minneapolis St. Paul Metropolitan Area GO, | ||||
a Transit, Series A, 3.00%, 3/01/29 | 6,400,000 | 6,838,016 | ||
Wastewater Revenue, Refunding, Series C, 3.00%, 3/01/30 | 3,305,000 | 3,494,509 | ||
Minneapolis and St. Paul Housing and RDA Health Care Facilities Revenue, Children’s Hospitals and Clinics, Series A-1, AGMC Insured, 5.00%, 8/15/34 | 1,000,000 | 1,035,750 | ||
| Minneapolis and St. Paul Housing and RDA Health Care System Revenue, | ||||
Allina Health System, Refunding, Series A, 5.00%, 11/15/26 | 2,000,000 | 2,459,560 | ||
Allina Health System, Refunding, Series A, 5.00%, 11/15/27 | 2,000,000 | 2,468,480 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Minnesota (continued) | ||||
| Minneapolis GO, | ||||
Capital Improvement, Green Bonds, 4.00%, 12/01/43 | $5,000,000 | $5,475,350 | ||
Capital Improvement, Green Bonds, 4.00%, 12/01/46 | 3,500,000 | 3,829,595 | ||
| Minneapolis Health Care System Revenue, | ||||
Fairview Health Services, Refunding, Series A, 5.00%, 11/15/44 | 10,000,000 | 11,280,700 | ||
Fairview Health Services, Series A, 5.00%, 11/15/49 | 6,000,000 | 7,032,420 | ||
Minneapolis Special School District No. 1 GO, Long-Term Facilities Maintenance, Series B, 5.00%, 2/01/30 | 2,590,000 | 3,254,931 | ||
| Minneapolis-St. Paul Metropolitan Airports Commission Revenue, | ||||
Airport, senior bond, Refunding, Series A, 5.00%, 1/01/35 | 9,295,000 | 9,476,160 | ||
Airport, senior bond, Refunding, Series C, 5.00%, 1/01/34 | 2,870,000 | 3,442,048 | ||
Airport, senior bond, Refunding, Series C, 5.00%, 1/01/35 | 4,025,000 | 4,812,048 | ||
Airport, senior bond, Refunding, Series C, 5.00%, 1/01/41 | 19,655,000 | 23,153,590 | ||
Airport, senior bond, Refunding, Series C, 5.00%, 1/01/46 | 15,500,000 | 18,175,455 | ||
Airport, sub. bond, Refunding, Series B, 5.00%, 1/01/27 | 1,500,000 | 1,629,900 | ||
Airport, sub. bond, Refunding, Series B, 5.00%, 1/01/28 | 2,250,000 | 2,441,858 | ||
Minnesota Agricultural and Economic Development Board Revenue, Health Care Facilities, Essentia Health Obligated Group, Series C-1, Assured Guaranty, 5.00%, 2/15/30 | 14,600,000 | 14,893,168 | ||
| Minnesota Public Facilities Authority State Revenue, | ||||
Revolving Fund, Refunding, Series A, 5.00%, 3/01/24 | 17,010,000 | 19,769,702 | ||
Revolving Fund, Series C, Pre-Refunded, 5.00%, 3/01/26 | 16,530,000 | 16,970,855 | ||
| Minnesota State 911 Revenue, | ||||
Public Safety Radio Communications System Project, Assured Guaranty, Pre-Refunded, 4.50%, 6/01/22 | 1,000,000 | 1,000,000 | ||
Public Safety Radio Communications System Project, Assured Guaranty, Pre-Refunded, 4.50%, 6/01/24 | 3,745,000 | 3,745,000 | ||
| Minnesota State Colleges and Universities Revenue, | ||||
Board of Trustees, Fund, Refunding, Series A, 5.00%, 10/01/22 | 1,410,000 | 1,570,091 | ||
Board of Trustees, Fund, Series A, 5.00%, 10/01/28 | 2,135,000 | 2,293,246 | ||
Board of Trustees, Fund, Series A, 4.625%, 10/01/29 | 6,615,000 | 6,687,368 | ||
Minnesota State COP, Legislative Office Facility Project, 5.00%, 6/01/36 | 3,615,000 | 4,148,936 | ||
| Minnesota State General Fund Revenue, | ||||
Appropriation, Refunding, Series A, 4.00%, 3/01/26 | 3,000,000 | 3,202,380 | ||
Appropriation, Refunding, Series A, 3.00%, 3/01/30 | 5,000,000 | 5,111,950 | ||
Appropriation, Series A, 5.00%, 6/01/38 | 8,500,000 | 9,536,660 | ||
| Minnesota State GO, | ||||
Various Purpose, Refunding, Series F, 4.00%, 10/01/25 | 15,000,000 | 16,575,600 | ||
Various Purpose, Series A, 5.00%, 8/01/28 | 4,215,000 | 5,183,607 | ||
Various Purpose, Series A, 5.00%, 8/01/31 | 5,000,000 | 6,323,000 | ||
Various Purpose, Series A, Pre-Refunded, 4.25%, 12/01/27 | 5,000,000 | 5,069,550 | ||
Various Purpose, Series A, Pre-Refunded, 4.50%, 12/01/28 | 15,540,000 | 15,775,120 | ||
Various Purpose, Series H, 5.00%, 11/01/27 | 325,000 | 329,648 | ||
Various Purpose, Series H, Pre-Refunded, 5.00%, 11/01/27 | 2,175,000 | 2,206,733 | ||
| Minnesota State HFA Homeownership Finance Revenue, | ||||
MBS Program, Series E, GNMA Secured, 4.45%, 7/01/31 | 2,350,000 | 2,423,743 | ||
MBS Program, Series G, GNMA Secured, 4.00%, 7/01/26 | 1,285,000 | 1,336,875 | ||
MBS Program, Series G, GNMA Secured, 4.40%, 7/01/32 | 2,175,000 | 2,211,149 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Minnesota (continued) | ||||
| Minnesota State HFAR, | ||||
Nonprofit Housing State Appropriation, 4.00%, 8/01/29 | $3,675,000 | $3,686,907 | ||
Nonprofit Housing State Appropriation, 5.00%, 8/01/31 | 2,225,000 | 2,381,840 | ||
Residential Housing Finance, Series E, 4.90%, 7/01/29 | 4,955,000 | 4,967,883 | ||
Residential Housing Finance, Series E, 5.10%, 1/01/40 | 4,685,000 | 4,697,884 | ||
| Minnesota State Higher Education Facilities Authority Revenue, | ||||
Carleton College, Refunding, 4.00%, 3/01/47 | 3,575,000 | 3,902,399 | ||
College of St. Olaf, Refunding, Series 8-N, 4.00%, 10/01/33 | 1,500,000 | 1,667,445 | ||
College of St. Olaf, Refunding, Series 8-N, 4.00%, 10/01/35 | 500,000 | 552,445 | ||
Macalester College, Refunding, 3.00%, 3/01/33 | 3,010,000 | 3,090,578 | ||
Macalester College, Refunding, 4.00%, 3/01/42 | 900,000 | 974,196 | ||
Macalester College, Series 7-I, Pre-Refunded, 5.00%, 6/01/35 | 5,000,000 | 5,177,650 | ||
University of St. Thomas, 5.00%, 10/01/40 | 2,260,000 | 2,743,911 | ||
University of St. Thomas, 4.00%, 10/01/44 | 2,500,000 | 2,761,950 | ||
University of St. Thomas, Refunding, Series 8-L, 5.00%, 4/01/35 | 1,720,000 | 2,008,616 | ||
University of St. Thomas, Refunding, Series A, 4.00%, 10/01/36 | 750,000 | 823,898 | ||
University of St. Thomas, Refunding, Series A, 4.00%, 10/01/37 | 750,000 | 821,348 | ||
University of St. Thomas, Series 7-A, Pre-Refunded, 5.00%, 10/01/29 | 5,420,000 | 5,482,926 | ||
University of St. Thomas, Series 7-A, Pre-Refunded, 5.00%, 10/01/39 | 4,485,000 | 4,536,308 | ||
University of St. Thomas, Series 8-L, 4.00%, 4/01/31 | 4,200,000 | 4,655,616 | ||
| Minnesota State Municipal Power Agency Electric Revenue, | ||||
4.00%, 10/01/41 | 4,680,000 | 5,065,866 | ||
5.00%, 10/01/47 | 4,650,000 | 5,423,155 | ||
Refunding, Series A, 4.00%, 10/01/31 | 1,265,000 | 1,365,972 | ||
Refunding, Series A, 4.00%, 10/01/32 | 1,200,000 | 1,292,364 | ||
Refunding, Series A, 4.00%, 10/01/33 | 1,000,000 | 1,072,630 | ||
Refunding, Series A, 5.00%, 10/01/34 | 1,000,000 | 1,151,710 | ||
Refunding, Series A, 5.00%, 10/01/35 | 1,005,000 | 1,156,665 | ||
Series A, 5.25%, 10/01/35 | 12,000,000 | 12,566,400 | ||
| New Prague ISD No. 721 GO, | ||||
School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 4.00%, 2/01/22 | 3,090,000 | 3,217,277 | ||
School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 4.00%, 2/01/23 | 3,045,000 | 3,168,871 | ||
School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 4.00%, 2/01/24 | 3,245,000 | 3,370,484 | ||
School Building, Minnesota School District Credit Enhancement Program, Refunding, Series A, 4.00%, 2/01/25 | 2,000,000 | 2,077,020 | ||
| Northern Municipal Power Agency Electric System Revenue, | ||||
Refunding, 5.00%, 1/01/41 | 800,000 | 926,200 | ||
Series A, 5.00%, 1/01/30 | 1,190,000 | 1,310,880 | ||
| Prior Lake ISD No. 719 GO, | ||||
Capital Appreciation, School Building, Minnesota School District Credit Enhancement Program, Series B, zero cpn., 2/01/27 | 10,545,000 | 9,025,676 | ||
Capital Appreciation, School Building, Minnesota School District Credit Enhancement Program, Series B, zero cpn., 2/01/28 | 13,055,000 | 10,875,468 | ||
Capital Appreciation, School Building, Minnesota School District Credit Enhancement Program, Series B, zero cpn., 2/01/30 | 9,010,000 | 6,920,221 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Minnesota (continued) | ||||
| Prior Lake ISD No. 719 GO, (continued) | ||||
Capital Appreciation, School Building, Minnesota School District Credit Enhancement Program, Series B, zero cpn., 2/01/31 | $5,310,000 | $3,914,213 | ||
| Ramsey GO, | ||||
Capital Improvement Plan, Refunding, Series A, 3.00%, 12/15/28 | 1,105,000 | 1,136,824 | ||
Capital Improvement Plan, Refunding, Series A, 3.375%, 12/15/31 | 1,215,000 | 1,248,315 | ||
| Rochester Electricity Utility Revenue, | ||||
Refunding, Series A, 5.00%, 12/01/42 | 2,000,000 | 2,346,140 | ||
Refunding, Series A, 5.00%, 12/01/47 | 9,210,000 | 10,791,910 | ||
Series B, 5.00%, 12/01/43 | 1,000,000 | 1,128,010 | ||
| Rochester Health Care Facilities Revenue, | ||||
Mayo Clinic, 4.00%, 11/15/48 | 6,000,000 | 6,536,340 | ||
Mayo Clinic, Refunding, Series B, 5.00%, 11/15/33 | 4,425,000 | 5,932,155 | ||
Mayo Clinic, Refunding, Series B, 5.00%, 11/15/34 | 10,235,000 | 13,812,235 | ||
Mayo Clinic, Refunding, Series B, 5.00%, 11/15/35 | 5,000,000 | 6,796,200 | ||
Mayo Clinic, Refunding, Series B, 5.00%, 11/15/36 | 4,200,000 | 5,729,178 | ||
Mayo Clinic, Series D, 5.00%, 11/15/38 | 5,000,000 | 5,135,700 | ||
Mayo Clinic, Series E, 5.00%, 11/15/38 | 20,000,000 | 20,542,800 | ||
Rosemount ISD No. 196 GO, School Building, Refunding, Series C, 4.00%, 2/01/21 | 1,365,000 | 1,423,640 | ||
| Roseville ISD No. 623 GO, | ||||
Ramsey County, School Building, Minnesota School District Credit Enhancement Program, Series A, 5.00%, 2/01/30 | 3,700,000 | 4,479,701 | ||
Ramsey County, School Building, Minnesota School District Credit Enhancement Program, Series A, 4.00%, 2/01/34 | 9,535,000 | 10,518,821 | ||
| Sartell ISD No. 748 GO, | ||||
Capital Appreciation, School Building, Series B, zero cpn., 2/01/36 | 3,000,000 | 1,775,310 | ||
Capital Appreciation, School Building, Series B, zero cpn., 2/01/37 | 2,820,000 | 1,602,916 | ||
Capital Appreciation, School Building, Series B, zero cpn., 2/01/38 | 5,220,000 | 2,858,159 | ||
Capital Appreciation, School Building, Series B, zero cpn., 2/01/39 | 3,020,000 | 1,592,204 | ||
| Southern Minnesota Municipal Power Agency Power Supply System Revenue, | ||||
Capital Appreciation, Refunding, Series A, NATL Insured, zero cpn., 1/01/20 | 14,035,000 | 13,905,457 | ||
Capital Appreciation, Refunding, Series A, NATL Insured, zero cpn., 1/01/23 | 4,000,000 | 3,747,640 | ||
Capital Appreciation, Refunding, Series A, NATL Insured, zero cpn., 1/01/26 | 5,395,000 | 4,726,236 | ||
Capital Appreciation, Refunding, Series A, NATL Insured, zero cpn., 1/01/27 | 6,600,000 | 5,618,118 | ||
Refunding, Series A, 5.00%, 1/01/46 | 9,345,000 | 10,768,150 | ||
Series A, 5.00%, 1/01/42 | 1,315,000 | 1,564,613 | ||
| St. Cloud Health Care Revenue, | ||||
CentraCare Health System, Refunding, Series A, 5.125%, 5/01/30 | 750,000 | 773,183 | ||
CentraCare Health System, Refunding, Series A, 4.00%, 5/01/37 | 12,310,000 | 13,312,526 | ||
CentraCare Health System, Refunding, Series A, 5.00%, 5/01/46 | 4,650,000 | 5,357,869 | ||
CentraCare Health System, Series A, Pre-Refunded, 5.125%, 5/01/30 | 9,250,000 | 9,552,937 | ||
St. Cloud Public Schools ISD No. 742 COP, 4.00%, 2/01/38 | 1,000,000 | 1,066,310 | ||
| St. Cloud Public Schools ISD No. 742 GO, | ||||
Series A, 4.00%, 2/01/28 | 2,080,000 | 2,327,374 | ||
Series B, 4.00%, 2/01/30 | 4,060,000 | 4,559,380 | ||
Series B, 4.00%, 2/01/36 | 2,500,000 | 2,728,350 | ||
Series B, 4.00%, 2/01/37 | 2,250,000 | 2,447,483 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Minnesota (continued) | ||||
| St. Francis ISD No. 15 GO, | ||||
School Building, Series A, 4.00%, 2/01/37 | $1,025,000 | $1,076,660 | ||
School Building, Series A, 3.50%, 2/01/41 | 6,350,000 | 6,475,412 | ||
St. Michael Albertville ISD No. 885 GO, Refunding, Series A, 4.25%, 2/01/32 | 10,295,000 | 10,831,369 | ||
| St. Paul Housing and RDA Health Care System Revenue, | ||||
Allina Health System, Refunding, Series A-1, 5.25%, 11/15/29 | 2,440,000 | 2,482,383 | ||
Allina Health System, Series A-1, Pre-Refunded, 5.25%, 11/15/29 | 2,560,000 | 2,603,187 | ||
| St. Paul ISD No. 625 GO, | ||||
School Building, Minnesota School District Credit Enhancement Program, Refunding, Series B, 5.00%, 2/01/24 | 2,925,000 | 3,288,841 | ||
School Building, Minnesota School District Credit Enhancement Program, Series A, 3.00%, 2/01/30 | 1,385,000 | 1,402,548 | ||
School Building, Minnesota School District Credit Enhancement Program, Series A, 3.00%, 2/01/31 | 1,195,000 | 1,207,320 | ||
| St. Paul Sales Tax Revenue, | ||||
Series G, 5.00%, 11/01/31 | 1,000,000 | 1,155,370 | ||
Series G, 5.00%, 11/01/32 | 1,000,000 | 1,159,040 | ||
| University of Minnesota GO, | ||||
Refunding, Series A, 5.00%, 4/01/41 | 6,045,000 | 7,461,223 | ||
Refunding, Series A, 5.00%, 4/01/44 | 8,505,000 | 10,464,892 | ||
Refunding, Series B, 5.00%, 12/01/30 | 5,575,000 | 6,975,384 | ||
Series A, 5.00%, 4/01/41 | 5,000,000 | 5,865,500 | ||
Series A, 5.00%, 9/01/42 | 4,410,000 | 5,301,217 | ||
Series B, 5.00%, 1/01/38 | 4,500,000 | 5,061,330 | ||
| University of Minnesota Revenue, | ||||
Special Purpose, State Supported Biomedical Science Research Facilities Funding Program, Series B, 5.00%, 8/01/36 | 5,000,000 | 5,333,750 | ||
Special Purpose, State Supported Stadium Debt, Refunding, Series A, 5.00%, 8/01/25 | 5,000,000 | 6,026,700 | ||
Special Purpose, State Supported Stadium Debt, Refunding, Series A, 5.00%, 8/01/28 | 7,225,000 | 8,600,857 | ||
Waterville-Elysian-Morristown ISD No. 2143 GO, School Building, Series A, 3.00%, 2/01/32 | 1,995,000 | 2,064,127 | ||
West St. Paul-Mendota Heights-Eagan ISD No. 197 GO, Dakota County, School Building, Minnesota School District Credit Enhancement Program, Series A, 4.00%, 2/01/34 | 2,655,000 | 2,962,237 | ||
| Western Minnesota Municipal Power Agency Revenue, | ||||
Power Supply, Series A, 5.00%, 1/01/49 | 5,000,000 | 6,021,600 | ||
Refunding, Series A, 5.00%, 1/01/24 | 5,000,000 | 5,595,500 | ||
Refunding, Series A, 5.00%, 1/01/25 | 3,370,000 | 3,763,886 | ||
Refunding, Series A, 5.00%, 1/01/29 | 1,200,000 | 1,334,952 | ||
Refunding, Series A, 5.00%, 1/01/35 | 3,000,000 | 3,526,650 | ||
Refunding, Series A, 5.00%, 1/01/36 | 2,035,000 | 2,384,939 | ||
Series A, 5.00%, 1/01/40 | 8,075,000 | 9,095,195 | ||
Series A, 5.00%, 1/01/46 | 11,870,000 | 13,355,293 | ||
Willmar GO, Rice Memorial Hospital Project, Refunding, Series A, 3.00%, 2/01/29 | 500,000 | 507,945 | ||
Total Municipal Bonds before Short Term Investments (Cost $925,669,551) | 971,378,852 |
| Principal Amount | Value | |||
| Short Term Investments 0.3% | ||||
| Municipal Bonds 0.3% | ||||
| Minnesota 0.3% | ||||
| b | Minneapolis and St. Paul Housing and RDA Health Care Facilities Revenue, Children’s Hospitals and Clinics of Minnesota, Tranche II, Series A, AGMC Insured, SPA US Bank National Association,
Daily VRDN and Put, 1.65%, 8/15/37 | $300,000 | $300,000 | |
| b | Minneapolis and St. Paul Housing and RDA Health Care System Revenue, Allina Health System, Refunding, Series B-2, LOC JPMorgan Chase Bank, Daily VRDN and Put, 2.25%, 11/15/35 | 1,400,000 | 1,400,000 | |
| b | Minnesota State Higher Education Facilities Authority Revenue, St. Paul Concordia University, Series Six-Q, LOC US Bank National Association, Daily VRDN and Put, 2.20%, 4/01/37 | 900,000 | 900,000 | |
Total Short Term Investments (Cost $2,600,000) | 2,600,000 | |||
Total Investments (Cost $928,269,551) 99.9% | 973,978,852 | |||
Other Assets, less Liabilities 0.1% | 815,963 | |||
Net Assets 100.0% | $974,794,815 |
| aSecurity purchased on a when-issued basis. |
| bVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 100.2% | ||||
| Missouri 96.7% | ||||
| Bi-State Development Agency Missouri-Illinois Metropolitan District Mass Transit Sales Tax Appropriation Revenue, | ||||
combined lien, Refunding, Series A, 5.00%, 10/01/33 | $14,425,000 | $15,949,001 | ||
combined lien, Refunding, Series A, 5.00%, 10/01/44 | 10,000,000 | 11,008,700 | ||
Metrolink Cross County Extension Project, Refunding, Assured Guaranty, 5.00%, 10/01/35 | 5,500,000 | 5,558,025 | ||
Metrolink Cross County Extension Project, Refunding, Assured Guaranty, 5.00%, 10/01/39 | 30,300,000 | 30,614,817 | ||
| Cape Girardeau County IDA Health Facilities Revenue, | ||||
St. Francis Medical Center, Refunding, 5.00%, 6/01/39 | 5,110,000 | 5,874,814 | ||
St. Francis Medical Center, Refunding, Series A, 5.00%, 6/01/33 | 5,000,000 | 5,416,700 | ||
St. Francis Medical Center, Refunding, Series A, 5.00%, 6/01/37 | 11,000,000 | 11,810,700 | ||
St. Francis Medical Center, Series A, Pre-Refunded, 5.75%, 6/01/39 | 3,150,000 | 3,150,000 | ||
Cape Girardeau County IDA Solid Waste Disposal Revenue, The Procter and Gamble Paper Products Co. Project, 5.30%, 5/15/28 | 6,875,000 | 6,890,331 | ||
| Cape Girardeau County Reorganized School District No. R-2 GO, | ||||
Missouri Direct Deposit Program, Jackson R-2 School District, 4.00%, 3/01/32 | 1,000,000 | 1,138,670 | ||
Missouri Direct Deposit Program, Jackson R-2 School District, 4.00%, 3/01/33 | 1,000,000 | 1,134,290 | ||
Missouri Direct Deposit Program, Jackson R-2 School District, 5.00%, 3/01/38 | 2,195,000 | 2,652,197 | ||
| a | Cape Girardeau School District No. 63 GO, | |||
Missouri Direct Deposit Program, Refunding and Improvement, 4.00%, 3/01/38 | 650,000 | 713,408 | ||
Missouri Direct Deposit Program, Refunding and Improvement, 4.00%, 3/01/39 | 500,000 | 547,915 | ||
Clay County Public School District No. 53 Liberty GO, School Building, 4.00%, 3/01/37 | 4,500,000 | 4,883,760 | ||
| Clay County Reorganization School District No. R-1 Kearney GO, | ||||
Direct Deposit Program, School Building, 3.00%, 3/01/34 | 1,670,000 | 1,698,707 | ||
Direct Deposit Program, School Building, 3.00%, 3/01/35 | 1,730,000 | 1,755,310 | ||
Direct Deposit Program, School Building, 3.00%, 3/01/36 | 1,540,000 | 1,559,034 | ||
Direct Deposit Program, School Building, 3.125%, 3/01/37 | 1,855,000 | 1,884,587 | ||
Curators of the University of Missouri System Facilities Revenue, Refunding, 5.00%, 11/01/27 | 1,065,000 | 1,150,626 | ||
| Ferguson Reorganized School District No. R-2 GO, | ||||
St. Louis County, Missouri Direct Deposit Program, 4.00%, 5/01/32 | 1,000,000 | 1,115,250 | ||
St. Louis County, Missouri Direct Deposit Program, 5.00%, 5/01/38 | 2,250,000 | 2,662,718 | ||
Fort Osage R-1 School District Jackson County GO, School Building, Missouri Direct Deposit Program, Refunding, 5.50%, 3/01/38 | 3,010,000 | 3,804,158 | ||
Greene County Reorganized School District No. 2 GO, Willard, School Building, Missouri Direct Deposit Program, 4.00%, 3/01/30 | 1,000,000 | 1,134,800 | ||
| Independence School District GO, | ||||
Missouri Direct Deposit Program, Refunding, Series A, 5.00%, 3/01/27 | 3,300,000 | 3,386,526 | ||
Missouri Direct Deposit Program, Refunding, Series A, 5.00%, 3/01/28 | 3,000,000 | 3,079,110 | ||
Missouri Direct Deposit Program, Series A, 5.00%, 3/01/29 | 3,000,000 | 3,079,351 | ||
| a | Jackson County Consolidated School District No. 2 Raytown GO, | |||
Missouri Direct Deposit Program, Series A, 5.00%, 3/01/37 | 2,650,000 | 3,286,424 | ||
Missouri Direct Deposit Program, Series A, 5.00%, 3/01/38 | 2,500,000 | 3,088,525 | ||
Missouri Direct Deposit Program, Series A, 5.00%, 3/01/39 | 2,250,000 | 2,770,088 | ||
| Jackson County Reorganized School District No. 4 Blue Springs GO, | ||||
School Building, Missouri Direct Deposit Program, Series A, 5.50%, 3/01/36 | 3,000,000 | 3,889,590 | ||
School Building, Missouri Direct Deposit Program, Series A, 5.50%, 3/01/37 | 2,000,000 | 2,585,640 | ||
Jefferson City School District GO, Missouri Direct Deposit Program, 5.00%, 3/01/38 | 6,070,000 | 7,202,419 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Missouri (continued) | ||||
| Joplin IDA Health Facilities Revenue, | ||||
Freeman Health System Project, 5.125%, 2/15/26 | $6,000,000 | $6,317,760 | ||
Freeman Health System Project, 5.00%, 2/15/28 | 1,150,000 | 1,207,730 | ||
Freeman Health System Project, 5.50%, 2/15/31 | 2,055,000 | 2,166,360 | ||
Freeman Health System Project, Refunding, 5.00%, 2/15/35 | 4,000,000 | 4,466,640 | ||
Joplin Schools GO, Direct Deposit Program, Refunding, 4.00%, 3/01/32 | 4,000,000 | 4,511,720 | ||
| Kansas City IDAR, | ||||
Downtown Redevelopment District, Refunding, Series A, 5.50%, 9/01/29 | 5,000,000 | 5,408,900 | ||
Downtown Redevelopment District, Refunding, Series A, 5.50%, 9/01/30 | 12,000,000 | 12,981,360 | ||
Downtown Redevelopment District, Refunding, Series A, 5.00%, 9/01/32 | 3,000,000 | 3,205,680 | ||
| Kansas City Sanitary Sewer System Revenue, | ||||
Improvement, Series A, 4.00%, 1/01/35 | 1,500,000 | 1,686,870 | ||
Improvement and Refunding, Series A, 5.00%, 1/01/37 | 29,210,000 | 30,675,758 | ||
Sub Series A, 4.00%, 1/01/42 | 5,000,000 | 5,525,150 | ||
| Kansas City Water Revenue, | ||||
Refunding and Improvement, Series A, 5.25%, 12/01/32 | 12,725,000 | 12,762,284 | ||
Series A, 4.00%, 12/01/41 | 4,970,000 | 5,429,377 | ||
Lincoln University Auxiliary System Revenue, Subordinate, Assured Guaranty, 5.125%, 6/01/37 | 2,325,000 | 2,331,301 | ||
| Metropolitan St. Louis Sewer District Wastewater System Revenue, | ||||
Improvement and Refunding, Series A, 5.00%, 5/01/42 | 5,000,000 | 5,954,850 | ||
Improvement and Refunding, Series A, 5.00%, 5/01/47 | 10,000,000 | 11,851,300 | ||
Improvement and Refunding, Series B, 5.00%, 5/01/38 | 8,770,000 | 10,183,724 | ||
Improvement and Refunding, Series B, 5.00%, 5/01/45 | 7,500,000 | 8,618,025 | ||
Series C, 5.00%, 5/01/46 | 24,700,000 | 28,868,619 | ||
| Missouri Joint Municipal Electric Utility Commission Power Supply System Revenue, | ||||
MoPEP Facilities, 5.00%, 12/01/43 | 2,000,000 | 2,321,600 | ||
MoPEP Facilities, Pre-Refunded, 5.00%, 1/01/32 | 3,600,000 | 3,796,524 | ||
MoPEP Facilities, Pre-Refunded, 5.00%, 1/01/37 | 3,400,000 | 3,585,606 | ||
Missouri State Board of Public Buildings Special Obligation Revenue, Refunding, Series A, 4.00%, 10/01/25 | 3,870,000 | 3,906,223 | ||
Missouri State Development Finance Board Revenue, Infrastructure Facilities, City of Independence, Electric System, Dogwood Project, Series A, 5.00%, 6/01/37 | 5,000,000 | 5,431,450 | ||
Missouri State Development Finance Board Solid Waste Disposal Revenue, The Procter and Gamble Paper Products Co. Project, 5.20%, 3/15/29 | 3,000,000 | 3,764,010 | ||
| Missouri State Environmental Improvement and Energy Resources Authority Water Pollution Control and Drinking Water Revenue, | ||||
SRF Programs, Refunding, Series A, 5.00%, 1/01/23 | 12,485,000 | 12,740,693 | ||
SRF Programs, Refunding, Series A, 5.00%, 1/01/24 | 7,890,000 | 8,051,587 | ||
SRF Programs, Refunding, Series A, 5.00%, 1/01/26 | 2,315,000 | 2,637,063 | ||
SRF Programs, Refunding, Series B, 5.50%, 7/01/21 | 60,000 | 60,182 | ||
SRF Programs, Series A, 5.75%, 1/01/29 | 190,000 | 190,608 | ||
SRF Programs, Series A, Pre-Refunded, 5.00%, 1/01/23 | 15,000 | 15,303 | ||
| Missouri State Health and Educational Facilities Authority Health Facilities Revenue, | ||||
Bethesda Health Group Inc., 5.00%, 8/01/40 | 1,650,000 | 1,771,770 | ||
Bethesda Health Group Inc., 5.00%, 8/01/45 | 1,300,000 | 1,395,654 | ||
BJC Health System, 5.00%, 1/01/44 | 8,175,000 | 8,950,889 | ||
CoxHealth, Refunding, Series A, 5.00%, 11/15/39 | 17,000,000 | 19,100,520 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Missouri (continued) | ||||
| Missouri State Health and Educational Facilities Authority Health Facilities Revenue, (continued) | ||||
CoxHealth, Series A, 5.00%, 11/15/38 | $11,680,000 | $12,889,230 | ||
CoxHealth, Series A, 4.00%, 11/15/44 | 5,000,000 | 5,412,100 | ||
CoxHealth, Series A, 5.00%, 11/15/44 | 2,760,000 | 3,004,508 | ||
Lake Regional Health System, Refunding, 5.00%, 2/15/24 | 4,000,000 | 4,083,200 | ||
Mercy Health, 4.00%, 11/15/42 | 8,000,000 | 8,300,960 | ||
Mercy Health, Refunding, Series C, 5.00%, 11/15/47 | 15,000,000 | 17,561,250 | ||
Mercy Health, Series F, 5.00%, 11/15/45 | 25,000,000 | 27,862,000 | ||
SSM Health, Series A, 5.00%, 6/01/48 | 5,000,000 | 5,824,650 | ||
SSM Health Care, Series B, Pre-Refunded, 5.00%, 6/01/30 | 16,150,000 | 16,707,498 | ||
SSM Health Care, Series B, Pre-Refunded, 5.00%, 6/01/34 | 7,000,000 | 7,241,640 | ||
St. Anthony’s Medical Center, Refunding, Series B, 5.00%, 2/01/45 | 6,870,000 | 7,688,080 | ||
St. Luke’s Health System Inc., Refunding, 5.00%, 11/15/35 | 3,950,000 | 4,591,678 | ||
St. Luke’s Health System Inc., Refunding, Series A, 5.00%, 11/15/43 | 2,000,000 | 2,341,760 | ||
| Missouri State Health and Educational Facilities Authority Revenue, | ||||
Educational Facilities, A.T. Still University of Health Sciences, 5.00%, 10/01/26 | 3,095,000 | 3,315,581 | ||
Educational Facilities, A.T. Still University of Health Sciences, 5.25%, 10/01/31 | 1,200,000 | 1,292,040 | ||
Educational Facilities, A.T. Still University of Health Sciences, 5.00%, 10/01/39 | 1,250,000 | 1,390,225 | ||
Educational Facilities, A.T. Still University of Health Sciences, 5.25%, 10/01/41 | 4,500,000 | 4,851,945 | ||
Educational Facilities, Kansas City University Medicine and Biosciences, Refunding, Series A, 5.00%, 6/01/42 | 2,800,000 | 3,272,836 | ||
Educational Facilities, Kansas City University Medicine and Biosciences, Refunding, Series A, 5.00%, 6/01/47 | 4,875,000 | 5,677,913 | ||
Educational Facilities, Lake Regional Health System, Refunding, 5.00%, 2/15/34 | 7,000,000 | 7,409,710 | ||
Educational Facilities, Maryville University St. Louis Project, 5.00%, 6/15/44 | 5,000,000 | 5,507,250 | ||
Educational Facilities, Maryville University St. Louis Project, Series A, 5.00%, 6/15/45 | 4,000,000 | 4,594,800 | ||
Educational Facilities, St. Louis University, Series A, 5.00%, 10/01/38 | 10,000,000 | 11,536,400 | ||
Educational Facilities, St. Louis University, Series A, 5.00%, 10/01/46 | 5,775,000 | 6,927,805 | ||
Educational Facilities, St. Louis University, Series A, 5.00%, 10/01/47 | 15,000,000 | 17,451,450 | ||
Educational Facilities, University of Central Missouri, Series C, 5.00%, 10/01/34 | 5,000,000 | 5,626,500 | ||
Educational Facilities, The Washington University, Series B, 5.00%, 11/15/37 | 10,000,000 | 10,769,100 | ||
Educational Facilities, Webster University Project, Improvement, Pre-Refunded, 5.00%, 4/01/36 | 7,000,000 | 7,440,580 | ||
Lutheran Senior Services Projects, Refunding, Series B, 5.00%, 2/01/46 | 4,000,000 | 4,361,720 | ||
Senior Living Facilities, Lutheran Senior Services Projects, 5.75%, 2/01/31 | 1,900,000 | 1,997,052 | ||
Senior Living Facilities, Lutheran Senior Services Projects, 5.375%, 2/01/35 | 2,520,000 | 2,561,782 | ||
Senior Living Facilities, Lutheran Senior Services Projects, 6.00%, 2/01/41 | 4,250,000 | 4,465,433 | ||
Senior Living Facilities, Lutheran Senior Services Projects, 5.50%, 2/01/42 | 8,985,000 | 9,128,401 | ||
Senior Living Facilities, Lutheran Senior Services Projects, Series A, 5.00%, 2/01/46 | 11,575,000 | 12,621,727 | ||
| Missouri State Housing Development Commission SFMR, | ||||
Homeownership Loan Program, First Place, Series B, 4.00%, 11/01/38 | 1,410,000 | 1,507,332 | ||
Homeownership Loan Program, Series C, GNMA Secured, 5.00%, 3/01/32 | 145,000 | 145,703 | ||
Homeownership Loan Program, Series D, GNMA Secured, 4.70%, 3/01/35 | 1,060,000 | 1,066,657 | ||
| Missouri State Joint Municipal Electric Utility Commission Power Project Revenue, | ||||
Iatan 2 Project, Refunding, Series A, 5.00%, 1/01/30 | 3,000,000 | 3,405,780 | ||
Iatan 2 Project, Refunding, Series A, 5.00%, 1/01/31 | 2,000,000 | 2,262,540 | ||
Iatan 2 Project, Refunding, Series A, 5.00%, 1/01/32 | 1,500,000 | 1,692,570 | ||
Iatan 2 Project, Refunding, Series A, 5.00%, 1/01/34 | 2,000,000 | 2,248,380 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Missouri (continued) | ||||
| Missouri State Joint Municipal Electric Utility Commission Power Project Revenue, (continued) | ||||
Iatan 2 Project, Series A, 5.00%, 12/01/35 | $7,335,000 | $8,453,147 | ||
Plum Point Project, Refunding, Series A, 5.00%, 1/01/32 | 10,000,000 | 11,497,700 | ||
Plum Point Project, Refunding, Series A, 5.00%, 1/01/33 | 7,500,000 | 8,605,050 | ||
Prairie State Project, Refunding, Series A, 5.00%, 12/01/30 | 4,000,000 | 4,670,200 | ||
Prairie State Project, Refunding, Series A, 5.00%, 12/01/31 | 6,000,000 | 6,981,480 | ||
Prairie State Project, Refunding, Series A, 5.00%, 12/01/40 | 27,950,000 | 32,323,895 | ||
Monarch-Chesterfield Levee District Special Tax, St. Louis County, Levee District, Refunding, 5.00%, 3/01/40 | 4,395,000 | 4,894,755 | ||
Move Rolla Transportation Development District Transportation Sales Tax Revenue, 4.75%, 6/01/47 | 5,000,000 | 5,363,650 | ||
| Peculiar Combined Waterworks and Sewerage System Revenue, | ||||
Assured Guaranty, 4.00%, 6/01/39 | 1,000,000 | 1,112,540 | ||
Assured Guaranty, 4.00%, 6/01/42 | 2,405,000 | 2,662,648 | ||
| Riverside-Quindaro Bend Levee District Revenue, | ||||
Platte County, Levee District Improvement, L-385 Project, Refunding, 5.00%, 3/01/26 | 1,000,000 | 1,132,980 | ||
Platte County, Levee District Improvement, L-385 Project, Refunding, 5.00%, 3/01/29 | 2,585,000 | 2,917,948 | ||
| Sikeston Electric Revenue, | ||||
Refunding, 5.00%, 6/01/20 | 5,000,000 | 5,152,550 | ||
Refunding, 5.00%, 6/01/21 | 13,130,000 | 13,860,947 | ||
Refunding, 5.00%, 6/01/22 | 12,570,000 | 13,545,809 | ||
| Springfield School District No. R-XII GO, | ||||
a School Building, 5.00%, 3/01/37 | 24,250,000 | 30,002,100 | ||
School Building, Missouri Direct Deposit Program, 5.00%, 3/01/33 | 1,000,000 | 1,126,770 | ||
| Springfield Special Obligation Revenue, | ||||
Sewer System Improvements Project, 5.00%, 4/01/31 | 1,795,000 | 1,958,255 | ||
Sewer System Improvements Project, 5.00%, 4/01/32 | 1,885,000 | 2,055,347 | ||
St. Charles School District GO, Missouri Direct Deposit Program, 4.00%, 3/01/36 | 2,000,000 | 2,199,960 | ||
| St. Louis Airport Revenue, | ||||
Lambert-St. Louis International Airport, Refunding, NATL Insured, 5.50%, 7/01/29 | 13,070,000 | 17,275,534 | ||
Lambert-St. Louis International Airport, Series A-1, 6.125%, 7/01/24 | 2,000,000 | 2,006,840 | ||
Lambert-St. Louis International Airport, Series A-1, 6.625%, 7/01/34 | 5,000,000 | 5,018,400 | ||
Series C, AGMC Insured, 5.00%, 7/01/42 | 3,930,000 | 4,630,837 | ||
Series C, AGMC Insured, 5.00%, 7/01/47 | 8,770,000 | 10,303,171 | ||
Series D, AGMC Insured, 5.00%, 7/01/33 | 1,000,000 | 1,183,390 | ||
Series D, AGMC Insured, 5.00%, 7/01/34 | 1,415,000 | 1,668,610 | ||
Series D, AGMC Insured, 5.00%, 7/01/36 | 1,125,000 | 1,318,736 | ||
Series D, AGMC Insured, 5.00%, 7/01/37 | 1,000,000 | 1,168,500 | ||
| St. Louis County IDA Senior Living Facilities Revenue, | ||||
Friendship Village, St. Louis Obligated Group, Refunding, 5.00%, 9/01/48 | 7,095,000 | 7,824,153 | ||
Friendship Village Chesterfield, Pre-Refunded, 5.00%, 9/01/42 | 3,165,000 | 3,508,846 | ||
Friendship Village Sunset Hills, Series A, 5.875%, 9/01/43 | 7,000,000 | 7,751,450 | ||
| St. Louis County Pattonville School District No. R-3 GO, | ||||
Series A, 5.00%, 3/01/37 | 2,750,000 | 3,222,093 | ||
Series A, 5.00%, 3/01/38 | 1,000,000 | 1,168,380 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Missouri (continued) | ||||
| St. Louis County School District No. 101 Affton GO, | ||||
Direct Deposit Program, Series A, 5.00%, 3/01/32 | $1,500,000 | $1,794,615 | ||
Direct Deposit Program, Series A, 5.00%, 3/01/33 | 1,595,000 | 1,900,570 | ||
Direct Deposit Program, Series A, 5.00%, 3/01/34 | 1,700,000 | 2,021,793 | ||
Direct Deposit Program, Series A, 5.00%, 3/01/35 | 1,810,000 | 2,145,882 | ||
Direct Deposit Program, Series A, 5.00%, 3/01/36 | 1,920,000 | 2,268,442 | ||
St. Louis Municipal Finance Corp. Leasehold Revenue, Convention Center Capital Improvement, Series B, Assured Guaranty, Pre-Refunded, 5.375%, 7/15/38 | 22,725,000 | 22,827,035 | ||
| a | Washington School District GO, | |||
Franklin County, Missouri Direct Deposit Program, 4.00%, 3/01/38 | 3,000,000 | 3,285,480 | ||
Franklin County, Missouri Direct Deposit Program, 4.00%, 3/01/39 | 1,500,000 | 1,637,985 | ||
Wentzville R-IV School District GO, Missouri Direct Deposit Program, Refunding and Improvement, 4.00%, 3/01/38 | 15,400,000 | 16,982,350 | ||
| 949,817,870 | ||||
| U.S. Territories 3.5% | ||||
| Guam 0.6% | ||||
Guam Power Authority Revenue, Refunding, Series A, AGMC Insured, 5.00%, 10/01/25 | 5,420,000 | 5,996,959 | ||
| Puerto Rico 2.9% | ||||
| b | Puerto Rico Electric Power Authority Power Revenue, | |||
Series WW, 5.50%, 7/01/38 | 19,320,000 | 15,552,600 | ||
Series XX, 5.75%, 7/01/36 | 6,000,000 | 4,845,000 | ||
Series XX, 5.25%, 7/01/40 | 10,000,000 | 8,025,000 | ||
| 28,422,600 | ||||
Total U.S. Territories | 34,419,559 | |||
Total Municipal Bonds before Short Term Investments (Cost $945,649,953) | 984,237,429 |
| Principal Amount | Value | |||
| Short Term Investments 2.4% | ||||
| Municipal Bonds 2.4% | ||||
| Missouri 2.4% | ||||
| c | Missouri State Development Finance Board Revenue, Infrastructure Facilities, St. Louis Convention Center, Series C, LOC US Bank National Association, Daily VRDN and Put, 2.08%, 12/01/20 | $1,000,000 | $1,000,000 | |
| c | Missouri State Health and Educational Facilities Authority Educational Facilities Revenue, | |||
The Washington University, Series B, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.24%, 3/01/40 | 9,800,000 | 9,800,000 | ||
The Washington University, Series B, SPA US Bank National Association, Daily VRDN and Put, 2.05%, 2/15/33 | 12,910,000 | 12,910,000 | ||
Total Short Term Investments (Cost $23,710,000) | 23,710,000 | |||
Total Investments (Cost $969,359,953) 102.6% | 1,007,947,429 | |||
Other Assets, less Liabilities (2.6)% | (25,285,564) | |||
Net Assets 100.0% | $982,661,865 |
| aSecurity purchased on a when-issued basis. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 95.3% | ||||
| Delaware 0.7% | ||||
Delaware River and Bay Authority Revenue, Series A, 5.00%, 1/01/42 | $6,000,000 | $6,537,420 | ||
| New Jersey 77.1% | ||||
Cape May County Industrial PCFA, PCR, Atlantic City Electric Co. Project, Refunding, Series A, NATL Insured, 6.80%, 3/01/21 | 5,400,000 | 5,861,700 | ||
| Cumberland County Improvement Authority Revenue, | ||||
Technical High School Project, AGMC Insured, 5.00%, 9/01/39 | 2,000,000 | 2,285,420 | ||
Technical High School Project, BAM Insured, 5.00%, 1/15/36 | 955,000 | 1,145,513 | ||
Technical High School Project, BAM Insured, 5.00%, 1/15/37 | 1,000,000 | 1,195,580 | ||
Technical High School Project, BAM Insured, 5.00%, 1/15/38 | 1,020,000 | 1,216,024 | ||
Technical High School Project, BAM Insured, 5.00%, 1/15/39 | 1,070,000 | 1,272,562 | ||
Technical High School Project, BAM Insured, 5.00%, 1/15/44 | 5,725,000 | 6,761,454 | ||
| Gloucester County Improvement Authority Revenue, | ||||
County Guaranteed Loan, Rowan University Project, 4.00%, 7/01/37 | 750,000 | 849,893 | ||
County Guaranteed Loan, Rowan University Project, 4.00%, 7/01/38 | 700,000 | 790,916 | ||
County Guaranteed Loan, Rowan University Project, 4.00%, 7/01/39 | 600,000 | 676,068 | ||
County Guaranteed Loan, Rowan University Project, 5.00%, 7/01/44 | 2,500,000 | 3,088,575 | ||
County Guaranteed Loan, Rowan University Project, 4.00%, 7/01/48 | 5,250,000 | 5,846,400 | ||
Rowan University Business and Engineering School Projects, Series C, 5.00%, 7/01/44 | 3,500,000 | 3,966,970 | ||
Hudson County Improvement Authority Lease Revenue, County Secured, Hudson County Vocational-Technical Schools Project, 5.00%, 5/01/46 | 6,000,000 | 6,942,180 | ||
Middlesex County COP, Capital Appreciation, NATL Insured, zero cpn., 6/15/24 | 1,000,000 | 907,900 | ||
New Brunswick Parking Authority Revenue, City Guaranteed, Refunding, Series A, BAM Insured, 5.00%, 9/01/39 | 5,000,000 | 5,830,600 | ||
| New Jersey EDA, | ||||
GO Lease Revenue, Rutgers University, College Avenue Redevelopment Project, 5.00%, 6/15/38 | 5,000,000 | 5,578,150 | ||
GO Lease Revenue, Rutgers University, College Avenue Redevelopment Project, 5.00%, 6/15/46 | 7,500,000 | 8,327,325 | ||
| New Jersey EDA Revenue, | ||||
Cigarette Tax, Refunding, 5.00%, 6/15/28 | 3,000,000 | 3,222,060 | ||
Cigarette Tax, Refunding, 5.00%, 6/15/29 | 1,000,000 | 1,071,000 | ||
Cigarette Tax, Refunding, Assured Guaranty, 5.00%, 6/15/22 | 10,000,000 | 10,911,300 | ||
Cranes Mill Project, Refunding, 5.00%, 1/01/34 | 1,500,000 | 1,699,680 | ||
Cranes Mill Project, Refunding, 5.00%, 1/01/39 | 1,250,000 | 1,399,513 | ||
Cranes Mill Project, Refunding, 5.00%, 1/01/49 | 3,000,000 | 3,335,220 | ||
Montclair State University Student Housing Project, Provident Group, Montclair Properties LLC, Series A, Pre-Refunded, 5.875%, 6/01/42 | 17,950,000 | 18,741,954 | ||
Municipal Rehabilitation, Series A, AMBAC Insured, 5.00%, 4/01/28 | 15,000,000 | 15,034,350 | ||
Provident Group-Kean Properties LLC, Kean University Student Housing Project, Series A, 5.00%, 7/01/32 | 640,000 | 710,118 | ||
Provident Group-Kean Properties LLC, Kean University Student Housing Project, Series A, 5.00%, 7/01/37 | 600,000 | 658,998 | ||
Provident Group-Kean Properties LLC, Kean University Student Housing Project, Series A, 5.00%, 7/01/47 | 1,500,000 | 1,636,035 | ||
Provident Group-Montclair Properties LLC, State University Student Housing Project, Refunding, AGMC Insured, 5.00%, 6/01/42 | 6,000,000 | 6,915,180 | ||
Provident Group-Rowan Properties LLC, Rowan University Student Housing Project, Series A, 5.00%, 1/01/48 | 7,000,000 | 7,483,560 | ||
School Facilities Construction, Refunding, Series K, NATL Insured, 5.25%, 12/15/21 | 10,000,000 | 10,830,200 | ||
School Facilities Construction, Refunding, Series N-1, NATL Insured, 5.50%, 9/01/27 | 8,660,000 | 10,648,769 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| New Jersey (continued) | ||||
| New Jersey EDA Revenue, (continued) | ||||
School Facilities Construction, Series WW, 5.00%, 6/15/37 | $4,760,000 | $5,247,043 | ||
| New Jersey EDA Water Facilities Revenue, | ||||
New Jersey-American Water Co. Inc. Project, Refunding, Series A, 5.70%, 10/01/39 | 10,000,000 | 10,126,700 | ||
New Jersey-American Water Co. Inc. Project, Refunding, Series B, 5.00%, 10/01/39 | 8,750,000 | 8,842,312 | ||
New Jersey Environmental Infrastructure Trust Revenue, Environmental Infrastructure, Refunding, Series A-R1, 5.00%, 9/01/21 | 8,915,000 | 9,645,049 | ||
| New Jersey Health Care Facilities Financing Authority Revenue, | ||||
Atlantic Health System Hospital Corp. Issue, Pre-Refunded, 6.00%, 7/01/41 | 10,600,000 | 11,584,528 | ||
Atlantic Health System Hospital Corp. Issue, Refunding, 4.00%, 7/01/41 | 10,000,000 | 10,669,900 | ||
Atlantic Health System Hospital Corp. Issue, Refunding, Series A, 5.00%, 7/01/27 | 220,000 | 220,636 | ||
Barnabas Health Issue, Series A, Pre-Refunded, 5.625%, 7/01/32 | 5,500,000 | 5,962,935 | ||
Barnabas Health Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/44 | 15,530,000 | 17,654,659 | ||
Hackensack Meridian Health Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/37 | 3,000,000 | 3,567,870 | ||
Hackensack Meridian Health Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/38 | 3,000,000 | 3,554,610 | ||
Hackensack Meridian Health Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/39 | 5,000,000 | 5,903,200 | ||
Hunterdon Medical Center Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/45 | 2,650,000 | 2,902,996 | ||
Inspira Health Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/37 | 1,600,000 | 1,874,672 | ||
Inspira Health Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/46 | 18,500,000 | 21,182,315 | ||
Inspira Health Obligated Group Issue, Series A, 5.00%, 7/01/42 | 8,000,000 | 9,325,040 | ||
Inspira Health Obligated Group Issue, Series A, 4.00%, 7/01/47 | 8,700,000 | 9,334,578 | ||
Meridian Health System Obligated Group Issue, Refunding, 5.00%, 7/01/27 | 2,500,000 | 2,745,150 | ||
Robert Wood Johnson University Hospital Issue, Series A, 5.00%, 7/01/43 | 3,650,000 | 4,152,897 | ||
Robert Wood Johnson University Hospital Issue, Series A, 5.50%, 7/01/43 | 4,000,000 | 4,533,480 | ||
RWJ Barnabas Health Obligated Group Issue, Refunding, Series A, 5.00%, 7/01/43 | 15,000,000 | 17,436,900 | ||
St. Luke’s Warren Hospital Obligated Group Issue, Refunding, 5.00%, 8/15/31 | 2,935,000 | 3,238,949 | ||
St. Luke’s Warren Hospital Obligated Group Issue, Refunding, 5.00%, 8/15/34 | 1,500,000 | 1,644,015 | ||
St. Peter’s University Hospital Obligated Group Issue, Refunding, 6.00%, 7/01/26 | 1,000,000 | 1,068,780 | ||
St. Peter’s University Hospital Obligated Group Issue, Refunding, 6.25%, 7/01/35 | 3,400,000 | 3,633,512 | ||
Virtua Health Issue, Series A, Assured Guaranty, 5.50%, 7/01/38 | 10,000,000 | 10,030,500 | ||
New Jersey Health Care Facilities Financing Authority State Contract Revenue, Hospital Asset Transformation Program, Series A, Pre-Refunded, 5.75%, 10/01/31 | 10,000,000 | 10,137,000 | ||
New Jersey Housing and Mortgage Finance Agency MFR, Refunding, Series A, 3.95%, 11/01/43 | 1,100,000 | 1,160,819 | ||
| New Jersey Institute of Technology GO, | ||||
Series A, 5.00%, 7/01/42 | 4,860,000 | 5,250,015 | ||
Series A, 5.00%, 7/01/45 | 6,000,000 | 6,873,360 | ||
Series A, Pre-Refunded, 5.00%, 7/01/42 | 2,140,000 | 2,371,056 | ||
New Jersey State COP, Equipment Lease Purchase Agreement, Series A, Pre-Refunded, 5.25%, 6/15/29 | 1,000,000 | 1,001,170 | ||
| New Jersey State Educational Facilities Authority Revenue, | ||||
Kean University Issue, Refunding, Series D, BAM Insured, 4.00%, 9/01/38 | 1,150,000 | 1,252,074 | ||
Kean University Issue, Refunding, Series H, AGMC Insured, 5.00%, 7/01/34 | 2,205,000 | 2,531,053 | ||
Kean University Issue, Refunding, Series H, AGMC Insured, 5.00%, 7/01/35 | 5,000,000 | 5,725,400 | ||
Kean University Issue, Series A, Pre-Refunded, 5.50%, 9/01/36 | 8,500,000 | 8,584,575 | ||
Montclair State University Issue, Refunding, Series A, 5.00%, 7/01/44 | 16,380,000 | 18,344,617 | ||
Montclair State University Issue, Refunding, Series B, 5.00%, 7/01/34 | 1,325,000 | 1,564,772 | ||
Montclair State University Issue, Refunding, Series D, 5.00%, 7/01/35 | 2,245,000 | 2,592,638 | ||
Montclair State University Issue, Refunding, Series D, 5.00%, 7/01/36 | 1,210,000 | 1,394,247 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| New Jersey (continued) | ||||
| New Jersey State Educational Facilities Authority Revenue, (continued) | ||||
Montclair State University Issue, Series A, 5.00%, 7/01/39 | $5,000,000 | $5,621,650 | ||
Princeton University, Refunding, Series B, 5.00%, 7/01/44 | 15,000,000 | 17,114,100 | ||
Princeton University, Refunding, Series I, 5.00%, 7/01/35 | 5,800,000 | 7,160,796 | ||
Princeton University, Series B, 5.00%, 7/01/39 | 15,000,000 | 16,023,900 | ||
Princeton University, Series B, 4.375%, 7/01/41 | 10,000,000 | 10,433,600 | ||
Ramapo College of New Jersey Issue, Series A, AGMC insured, 5.00%, 7/01/35 | 3,955,000 | 4,703,286 | ||
Ramapo College of New Jersey Issue, Series B, 5.00%, 7/01/37 | 1,000,000 | 1,083,660 | ||
Ramapo College of New Jersey Issue, Series B, 5.00%, 7/01/42 | 1,000,000 | 1,081,490 | ||
Seton Hall University Issue, Refunding, Series C, 5.00%, 7/01/34 | 400,000 | 457,444 | ||
Seton Hall University Issue, Refunding, Series C, 5.00%, 7/01/37 | 1,300,000 | 1,478,451 | ||
Seton Hall University Issue, Refunding, Series D, 5.00%, 7/01/42 | 3,945,000 | 4,579,790 | ||
Seton Hall University Issue, Series E, Pre-Refunded, 6.25%, 7/01/37 | 5,000,000 | 5,018,200 | ||
Stevens Institute of Technology Issue, Refunding, Series A, 5.00%, 7/01/36 | 1,600,000 | 1,893,424 | ||
Stevens Institute of Technology Issue, Refunding, Series A, 5.00%, 7/01/42 | 9,310,000 | 10,881,435 | ||
Stevens Institute of Technology Issue, Refunding, Series A, 5.00%, 7/01/47 | 4,085,000 | 4,750,651 | ||
Stevens Institute of Technology Issue, Series I, ETM, 5.00%, 7/01/28 | 710,000 | 826,170 | ||
The William Paterson University of New Jersey Issue, Refunding, Series C, Assured Guaranty, 5.00%, 7/01/38 | 395,000 | 395,391 | ||
| New Jersey State Higher Education Assistance Authority Student Loan Revenue, | ||||
Refunding, Series 1, 5.875%, 12/01/33 | 2,140,000 | 2,302,576 | ||
Refunding, Series 1A, 5.125%, 12/01/27 | 2,230,000 | 2,268,311 | ||
Refunding, Series 1A, 5.25%, 12/01/28 | 2,235,000 | 2,274,157 | ||
Series 2, 5.00%, 12/01/26 | 185,000 | 192,661 | ||
Series 2, 5.00%, 12/01/27 | 135,000 | 140,472 | ||
Series 2, 5.00%, 12/01/28 | 140,000 | 145,517 | ||
Series 2, 5.00%, 12/01/30 | 1,500,000 | 1,573,350 | ||
Series 2, 5.00%, 12/01/36 | 1,000,000 | 1,046,890 | ||
Series A, 5.625%, 6/01/30 | 14,500,000 | 14,512,470 | ||
New Jersey State Housing and Mortgage Finance Agency MFHR, Series I, 5.75%, 11/01/38 | 2,490,000 | 2,494,880 | ||
New Jersey State Housing and Mortgage Finance Agency SFHR, Refunding, Series C, 3.95%, 10/01/44 | 4,500,000 | 4,760,145 | ||
| New Jersey State Transportation Trust Fund Authority Revenue, | ||||
Transportation Program, Series AA, 5.25%, 6/15/31 | 10,000,000 | 10,995,600 | ||
Transportation System, Capital Appreciation, Series A, zero cpn., 12/15/29 | 5,000,000 | 3,610,850 | ||
Transportation System, Capital Appreciation, Series A, zero cpn., 12/15/32 | 10,000,000 | 6,390,300 | ||
Transportation System, Capital Appreciation, Series C, AGMC Insured, zero cpn., 12/15/33 | 10,000,000 | 6,383,000 | ||
Transportation System, Series A, 5.50%, 6/15/41 | 5,000,000 | 5,287,650 | ||
| New Jersey State Turnpike Authority Revenue, | ||||
Turnpike, Refunding, Series B, 5.00%, 1/01/40 | 15,245,000 | 18,235,459 | ||
Turnpike, Refunding, Series G, 4.00%, 1/01/43 | 5,000,000 | 5,447,600 | ||
Turnpike, Series A, 5.00%, 1/01/34 | 6,505,000 | 7,776,467 | ||
Turnpike, Series A, 5.00%, 1/01/35 | 3,495,000 | 4,162,300 | ||
Turnpike, Series A, 5.00%, 1/01/48 | 15,500,000 | 18,612,245 | ||
Turnpike, Series I, Pre-Refunded, 5.00%, 1/01/35 | 5,000,000 | 5,103,850 | ||
Newark Housing Authority Port Authority Revenue, Newark Marine Terminal, City of Newark Redevelopment Projects, Refunding, 4.00%, 1/01/37 | 20,745,000 | 22,340,498 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| New Jersey (continued) | ||||
| North Hudson Sewerage Authority Gross Revenue, | ||||
Lease Certificates, Refunding, senior lien, Series A, 5.00%, 6/01/42 | $1,005,000 | $1,110,636 | ||
Lease Certificates, senior lien, Series A, 5.00%, 6/01/42 | 16,795,000 | 18,163,457 | ||
Passaic County Improvement Authority County Guaranteed Parking Revenue, 200 Hospital Plaza Corp. Project, Pre-Refunded, 5.00%, 5/01/42 | 3,200,000 | 3,304,160 | ||
Rutgers State University GO, Series L, 5.00%, 5/01/43 | 12,000,000 | 13,333,560 | ||
Salem County PCFA, PCR, Atlantic City Electric Co. Project, Refunding, Series A, 4.875%, 6/01/29 | 5,000,000 | 5,110,750 | ||
| 692,290,438 | ||||
| New York 7.5% | ||||
| Port Authority of New York and New Jersey Revenue, | ||||
Consolidated, One Hundred Sixty-First Series, 5.00%, 10/15/33 | 10,000,000 | 10,126,300 | ||
Consolidated, Refunding, One Hundred Seventy-First Series, 5.00%, 7/15/30 | 12,200,000 | 13,288,240 | ||
Consolidated, Refunding, One Hundred Seventy-Ninth Series, 5.00%, 12/01/38 | 15,000,000 | 17,031,000 | ||
Consolidated, Refunding, One Hundred Sixtieth Series, 5.00%, 9/15/36 | 15,000,000 | 15,140,400 | ||
Consolidated, Refunding, One Hundred Sixty-Sixth Series, 5.25%, 7/15/36 | 5,000,000 | 5,290,200 | ||
Port Authority of New York and New Jersey Special Project Revenue, JFK International Air Terminal LLC Project, NATL Insured, 5.75%, 12/01/22 | 6,575,000 | 6,814,198 | ||
| 67,690,338 | ||||
| Pennsylvania 8.2% | ||||
Delaware River Joint Toll Bridge Commission Revenue, Bridge System, 5.00%, 7/01/42 | 19,500,000 | 23,055,630 | ||
| Delaware River Port Authority Revenue, | ||||
5.00%, 1/01/37 | 10,000,000 | 11,280,200 | ||
Series A, 5.00%, 1/01/37 | 3,285,000 | 4,020,019 | ||
Series A, 5.00%, 1/01/38 | 5,050,000 | 6,170,090 | ||
Series A, 5.00%, 1/01/39 | 2,300,000 | 2,807,104 | ||
Series A, 5.00%, 1/01/40 | 9,565,000 | 11,653,900 | ||
Series E, Pre-Refunded, 5.00%, 1/01/35 | 14,000,000 | 14,290,780 | ||
| 73,277,723 | ||||
| U.S. Territories 1.8% | ||||
| Puerto Rico 1.8% | ||||
| a | Puerto Rico Electric Power Authority Power Revenue, | |||
Series WW, 5.50%, 7/01/38 | 16,620,000 | 13,379,100 | ||
Series XX, 5.25%, 7/01/40 | 3,125,000 | 2,507,813 | ||
| 15,886,913 | ||||
Total Municipal Bonds before Short Term Investments (Cost $813,150,871) | 855,682,832 |
| Principal Amount | Value | |||
| Short Term Investments 3.5% | ||||
| Municipal Bonds 3.5% | ||||
| New Jersey 3.5% | ||||
| b | New Jersey EDA, EDR, Lawrenceville School Project, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.10%, 7/01/31 | $5,950,000 | $5,950,000 | |
| b | New Jersey Health Care Facilities Financing Authority Revenue, | |||
Virtua Health Issue, Series B, LOC JPMorgan Chase Bank, Daily VRDN and Put, 2.10%, 7/01/43 | 8,000,000 | 8,000,000 | ||
Virtua Health Issue, Series C, LOC JPMorgan Chase Bank, Daily VRDN and Put, 2.05%, 7/01/43 | 15,500,000 | 15,500,000 | ||
Union County PCFA Revenue, Exxon Project, Refunding, Daily VRDN and Put, 1.50%, 10/01/24 | 2,000,000 | 2,000,000 | ||
Total Short Term Investments (Cost $31,450,000) | 31,450,000 | |||
Total Investments (Cost $844,600,871) 98.8% | 887,132,832 | |||
Other Assets, less Liabilities 1.2% | 11,070,349 | |||
Net Assets 100.0% | $898,203,181 |
| aDefaulted security or security for which income has been deemed uncollectible. |
| bVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 99.2% | ||||
| North Carolina 96.2% | ||||
Buncombe County Limited Obligation Revenue, Refunding, 5.00%, 6/01/34 | $3,000,000 | $3,502,530 | ||
| Cape Fear Public Utility Authority Water and Sewer System Revenue, | ||||
Pre-Refunded, 5.00%, 8/01/36 | 8,000,000 | 8,602,960 | ||
Refunding, 5.00%, 6/01/40 | 2,250,000 | 2,556,585 | ||
| Cary Combined Enterprise System Revenue, | ||||
5.00%, 12/01/41 | 1,710,000 | 2,033,515 | ||
Pre-Refunded, 5.00%, 12/01/42 | 10,000,000 | 11,204,400 | ||
Refunding, Series B, 4.00%, 12/01/42 | 8,000,000 | 8,799,440 | ||
| Charlotte Airport Revenue, | ||||
Charlotte Douglas International Airport, Refunding, Series A, 5.50%, 7/01/34 | 3,765,000 | 3,922,038 | ||
Charlotte Douglas International Airport, Series A, 5.00%, 7/01/39 | 3,000,000 | 3,099,420 | ||
Charlotte Douglas International Airport, Series A, 5.00%, 7/01/41 | 10,000,000 | 10,600,400 | ||
| Charlotte COP, | ||||
Convention Facility Projects, Refunding, Series A, 5.00%, 6/01/44 | 8,250,000 | 10,047,510 | ||
Cultural Arts Facilities, Refunding, Series E, 5.00%, 6/01/39 | 6,000,000 | 6,014,280 | ||
Transit Projects, Phase II, Refunding, Series A, 5.00%, 6/01/33 | 2,500,000 | 2,506,450 | ||
Charlotte Storm Water Fee Revenue, Refunding, 5.00%, 12/01/39 | 7,970,000 | 9,178,571 | ||
| Charlotte Water and Sewer System Revenue, | ||||
Refunding, 4.00%, 7/01/37 | 5,000,000 | 5,624,300 | ||
Refunding, 5.00%, 7/01/40 | 10,000,000 | 11,661,700 | ||
Refunding, Series B, 5.00%, 7/01/38 | 10,000,000 | 10,350,900 | ||
| The Charlotte-Mecklenburg Hospital Authority Revenue, | ||||
Atrium Health, Health Care, Refunding, Series A, 5.00%, 1/15/36 | 5,000,000 | 6,043,200 | ||
Carolinas HealthCare System, Refunding, Series A, 5.00%, 1/15/40 | 20,000,000 | 22,871,600 | ||
Carolinas HealthCare System, Series A, 5.125%, 1/15/37 | 4,000,000 | 4,212,160 | ||
Carolinas HealthCare System, Series A, 5.25%, 1/15/42 | 10,000,000 | 10,533,800 | ||
Columbus County Industrial Facilities and PCFA Revenue, Recovery Zone Facility, International Paper Co. Projects, Series A, 5.70%, 5/01/34 | 2,500,000 | 2,586,875 | ||
Dare County Utilities Systems Revenue, Pre-Refunded, 5.00%, 2/01/41 | 5,000,000 | 5,295,650 | ||
| Durham County GO, | ||||
Refunding, 4.00%, 6/01/36 | 500,000 | 569,950 | ||
Refunding, 4.00%, 6/01/37 | 450,000 | 510,908 | ||
Refunding, 4.00%, 6/01/39 | 700,000 | 789,593 | ||
Durham Utility System Revenue, Pre-Refunded, 5.00%, 6/01/41 | 4,000,000 | 4,282,680 | ||
Fayetteville Public Works Commission Revenue, Refunding, 4.00%, 3/01/41 | 4,015,000 | 4,399,958 | ||
Greensboro GO, Public Improvement, Refunding, Series B, 5.00%, 10/01/29 | 5,000,000 | 6,438,900 | ||
| a | Greenville Utilities Commission Combined Enterprise System Revenue, 5.00%, 8/01/44 | 4,750,000 | 5,832,192 | |
Guilford County GO, Public Improvement, Series B, 4.00%, 5/01/33 | 5,000,000 | 5,703,700 | ||
| Harnett County COP, | ||||
Assured Guaranty, Pre-Refunded, 5.00%, 6/01/28 | 1,000,000 | 1,000,000 | ||
Assured Guaranty, Pre-Refunded, 5.00%, 6/01/29 | 500,000 | 500,000 | ||
| Mecklenburg County GO, | ||||
Public Improvement, Series A, 4.00%, 4/01/30 | 5,000,000 | 5,759,550 | ||
Series A, 5.00%, 4/01/28 | 5,000,000 | 5,960,700 | ||
| Nash Health Care System Health Care Facilities Revenue, | ||||
5.00%, 11/01/41 | 5,000,000 | 5,292,200 | ||
AGMC Insured, 5.00%, 11/01/30 | 2,250,000 | 2,254,995 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| North Carolina (continued) | ||||
| New Hanover County Hospital Revenue, | ||||
New Hanover Regional Medical Center, Refunding, 5.00%, 10/01/42 | $5,000,000 | $5,805,550 | ||
New Hanover Regional Medical Center, Refunding, 5.00%, 10/01/47 | 13,565,000 | 15,689,279 | ||
New Hanover Regional Medical Center Project, Series B, AGMC Insured, Pre-Refunded, 5.00%, 10/01/27 | 3,500,000 | 3,540,040 | ||
New Hanover Regional Medical Center Project, Series B, AGMC Insured, Pre-Refunded, 5.125%, 10/01/31 | 8,385,000 | 8,484,362 | ||
| North Carolina Capital Facilities Finance Agency Educational Facilities Revenue, | ||||
Wake Forest University, 4.00%, 1/01/48 | 20,000,000 | 21,953,000 | ||
Wake Forest University, 5.00%, 1/01/48 | 13,500,000 | 16,141,275 | ||
Wake Forest University, Refunding, 4.00%, 1/01/35 | 5,000,000 | 5,533,150 | ||
Wake Forest University, Refunding, 4.00%, 1/01/38 | 5,500,000 | 6,026,625 | ||
Wake Forest University, Refunding, 4.00%, 1/01/39 | 5,250,000 | 5,740,665 | ||
| North Carolina Capital Facilities Finance Agency Revenue, | ||||
Davidson College, 5.00%, 3/01/40 | 4,000,000 | 4,303,160 | ||
Davidson College, 5.00%, 3/01/45 | 3,500,000 | 3,763,340 | ||
Duke University Project, Refunding, Series B, 5.00%, 10/01/41 | 13,585,000 | 15,916,186 | ||
Duke University Project, Refunding, Series B, 5.00%, 7/01/42 | 10,000,000 | 11,874,900 | ||
Duke University Project, Refunding, Series B, 4.00%, 10/01/44 | 5,085,000 | 5,552,413 | ||
Duke University Project, Refunding, Series B, 5.00%, 10/01/44 | 11,000,000 | 13,046,110 | ||
| North Carolina Municipal Power Agency No. 1 Catawba Electric Revenue, | ||||
Refunding, Series A, 5.00%, 1/01/26 | 800,000 | 802,096 | ||
Refunding, Series A, 5.00%, 1/01/30 | 1,400,000 | 1,403,444 | ||
Refunding, Series A, 5.00%, 1/01/32 | 4,200,000 | 4,956,756 | ||
Refunding, Series B, 5.00%, 1/01/21 | 5,000,000 | 5,100,050 | ||
North Carolina State Capital Improvement Limited Obligation Revenue, Series C, Pre-Refunded, 5.00%, 5/01/29 | 10,000,000 | 10,677,400 | ||
| North Carolina State GO, | ||||
Public Improvement, Series A, Pre-Refunded, 5.00%, 5/01/23 | 10,000,000 | 10,325,500 | ||
Public Improvement, Series A, Pre-Refunded, 5.00%, 5/01/24 | 10,000,000 | 10,325,500 | ||
Refunding, Series A, 5.00%, 6/01/25 | 4,000,000 | 4,819,640 | ||
| North Carolina State HFA Home Ownership Revenue, | ||||
Series 41, GNMA Insured, 3.55%, 7/01/44 | 6,500,000 | 6,698,315 | ||
Series 41, GNMA Insured, 3.625%, 7/01/49 | 10,000,000 | 10,300,200 | ||
| North Carolina State Medical Care Commission Health Care Facilities Revenue, | ||||
Appalachian Regional Healthcare System, Series A, Pre-Refunded, 6.50%, 7/01/31 | 5,000,000 | 5,503,400 | ||
Appalachian Regional Healthcare System, Series A, Pre-Refunded, 6.625%, 7/01/34 | 6,000,000 | 6,619,320 | ||
Duke University Health System, Refunding, Series D, 4.00%, 6/01/42 | 7,000,000 | 7,603,190 | ||
Duke University Health System, Series A, 5.00%, 6/01/42 | 10,000,000 | 10,882,000 | ||
Duke University Health System, Series A, Pre-Refunded, 5.00%, 6/01/42 | 6,500,000 | 6,500,000 | ||
Duke University Health System, Series A, Pre-Refunded, 5.00%, 6/01/42 | 8,150,000 | 8,427,263 | ||
Novant Health Obligated Group, Refunding, Series A, 5.00%, 11/01/46 | 20,000,000 | 21,522,800 | ||
Presbyterian Homes, Refunding, Series C, 5.00%, 10/01/31 | 5,000,000 | 5,762,950 | ||
Rex Healthcare, Refunding, Series A, 5.00%, 7/01/30 | 5,000,000 | 5,157,000 | ||
Scotland Memorial Hospital Project, Assured Guaranty, 5.50%, 10/01/19 | 85,000 | 85,247 | ||
Scotland Memorial Hospital Project, Assured Guaranty, 5.50%, 10/01/29 | 1,220,000 | 1,224,026 | ||
Vidant Health, 5.00%, 6/01/40 | 5,000,000 | 5,643,300 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| North Carolina (continued) | ||||
| North Carolina State Medical Care Commission Health Care Facilities Revenue, (continued) | ||||
Vidant Health, Refunding, Series A, 5.00%, 6/01/36 | $5,000,000 | $5,388,050 | ||
Wake Forest Baptist Obligated Group, Series A, 5.00%, 12/01/32 | 1,000,000 | 1,215,220 | ||
Wake Forest Baptist Obligated Group, Series A, 5.00%, 12/01/33 | 1,000,000 | 1,211,810 | ||
WakeMed Project, Refunding, Series A, 5.00%, 10/01/38 | 5,000,000 | 5,426,800 | ||
North Carolina State Medical Care Commission Hospital Revenue, North Carolina Baptist Hospital, Refunding, 5.00%, 6/01/34 | 10,000,000 | 10,325,100 | ||
| North Carolina State Medical Care Commission Retirement Facilities First Mortgage Revenue, | ||||
The Pines at Davidson Project, Series A, 5.00%, 1/01/49 | 5,000,000 | 5,575,350 | ||
The United Methodist Retirement Homes, Refunding, Series A, 5.00%, 10/01/37 | 1,200,000 | 1,321,788 | ||
The United Methodist Retirement Homes, Refunding, Series A, 5.00%, 10/01/42 | 1,250,000 | 1,368,288 | ||
The United Methodist Retirement Homes, Refunding, Series A, 5.00%, 10/01/47 | 2,540,000 | 2,774,290 | ||
North Carolina State Ports Authority Port Facilities Revenue, senior lien, Refunding, Series A, 5.25%, 2/01/40 | 6,000,000 | 6,121,440 | ||
| North Carolina State University at Raleigh Revenue, | ||||
General, Refunding, Series A, 5.00%, 10/01/33 | 5,595,000 | 6,316,084 | ||
General, Refunding, Series A, 5.00%, 10/01/42 | 8,980,000 | 10,077,715 | ||
| North Carolina Turnpike Authority Revenue, | ||||
Monroe Connector System, State Appropriation, 5.00%, 7/01/41 | 5,000,000 | 5,307,550 | ||
Monroe Expressway Toll, Refunding, Series A, 5.00%, 7/01/47 | 2,500,000 | 2,790,075 | ||
Triangle Expressway System, Appropriation, Refunding, Series A, 4.00%, 1/01/36 | 9,875,000 | 11,077,874 | ||
Triangle Expressway System, Appropriation, Refunding, Series A, 4.00%, 1/01/39 | 9,815,000 | 10,906,624 | ||
Triangle Expressway System, senior lien, Refunding, AGMC Insured, 5.00%, 1/01/31 | 1,000,000 | 1,187,150 | ||
Triangle Expressway System, senior lien, Refunding, AGMC Insured, 5.00%, 1/01/39 | 1,200,000 | 1,391,676 | ||
| Oak Island Enterprise System Revenue, | ||||
AGMC Insured, Refunding, 5.00%, 6/01/33 | 1,000,000 | 1,202,930 | ||
Assured Guaranty, Pre-Refunded, 6.00%, 6/01/34 | 1,540,000 | 1,540,000 | ||
Assured Guaranty, Pre-Refunded, 6.00%, 6/01/36 | 1,000,000 | 1,000,000 | ||
Pitt County Revenue, Limited Obligation, Assured Guaranty, Pre-Refunded, 5.00%, 4/01/34 | 1,000,000 | 1,029,660 | ||
| Raleigh Combined Enterprise System Revenue, | ||||
Pre-Refunded, 5.00%, 3/01/40 | 11,915,000 | 12,654,445 | ||
Refunding, Series A, 5.00%, 3/01/43 | 10,000,000 | 11,040,100 | ||
Refunding, Series B, 4.00%, 3/01/34 | 1,000,000 | 1,124,830 | ||
Series A, 4.00%, 3/01/46 | 5,000,000 | 5,463,000 | ||
Raleigh GO, Refunding, Series A, 5.00%, 9/01/26 | 5,000,000 | 6,207,600 | ||
| Raleigh-Durham Airport Authority Airport Revenue, | ||||
Refunding, Series A, 5.00%, 5/01/27 | 350,000 | 416,087 | ||
Refunding, Series A, 5.00%, 5/01/29 | 1,000,000 | 1,179,200 | ||
Refunding, Series A, 5.00%, 5/01/30 | 550,000 | 645,909 | ||
Refunding, Series A, 5.00%, 5/01/36 | 10,785,000 | 11,094,422 | ||
| Union County Enterprise Systems Revenue, | ||||
5.00%, 6/01/34 | 1,000,000 | 1,181,270 | ||
Series A, 4.00%, 6/01/41 | 3,200,000 | 3,597,152 | ||
Series A, 4.00%, 6/01/44 | 2,325,000 | 2,599,001 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| North Carolina (continued) | ||||
| University of North Carolina at Charlotte Revenue, | ||||
General, Board of Governors, 5.00%, 4/01/43 | $5,000,000 | $5,652,200 | ||
General, Board of Governors, 5.00%, 4/01/45 | 9,450,000 | 10,851,529 | ||
General, Board of Governors, Refunding, 5.00%, 10/01/47 | 10,000,000 | 11,900,200 | ||
General, Board of Governors, Refunding, Series A, 4.00%, 10/01/40 | 2,250,000 | 2,459,813 | ||
General, Board of Governors, Series A, Pre-Refunded, 5.00%, 4/01/37 | 12,995,000 | 14,270,979 | ||
General, Board of Governors, Series A, Pre-Refunded, 5.00%, 4/01/41 | 18,000,000 | 19,767,420 | ||
| University of North Carolina at Greensboro Revenue, | ||||
General, Board of Governors, 5.00%, 4/01/39 | 3,500,000 | 3,974,355 | ||
General, Board of Governors, 5.00%, 4/01/43 | 2,500,000 | 3,007,600 | ||
General, Board of Governors, Refunding, 4.00%, 4/01/35 | 1,205,000 | 1,341,623 | ||
General, Board of Governors, Refunding, 4.00%, 4/01/36 | 1,000,000 | 1,108,180 | ||
University of North Carolina at Wilmington Revenue, Student Housing Projects, Limited Obligation, Refunding, 5.00%, 6/01/37 | 3,000,000 | 3,452,130 | ||
University of North Carolina Hospitals at Chapel Hill Revenue, Board of Governors, 5.00%, 2/01/46 | 4,265,000 | 4,897,499 | ||
University of North Carolina System Pool Revenue, Series A, Assured Guaranty, 5.00%, 10/01/33 | 160,000 | 160,357 | ||
| Wake County GO, | ||||
Public Improvement, Refunding, Series A, 5.00%, 3/01/30 | 8,000,000 | 10,118,320 | ||
Public Improvement, Refunding, Series A, 5.00%, 3/01/32 | 7,870,000 | 10,051,249 | ||
| Wake County Revenue, | ||||
Limited Obligation, Pre-Refunded, 5.00%, 1/01/33 | 10,820,000 | 11,044,731 | ||
Limited Obligation, Pre-Refunded, 5.00%, 1/01/37 | 12,000,000 | 12,249,240 | ||
Wilmington Storm Water Fee Revenue, Refunding, AMBAC Insured, 5.00%, 6/01/33 | 225,000 | 225,628 | ||
| Winston-Salem City Water and Sewer System Revenue, | ||||
4.00%, 6/01/47 | 10,000,000 | 10,902,300 | ||
Refunding, Series A, 5.00%, 6/01/33 | 2,350,000 | 2,697,823 | ||
Refunding, Series A, 4.00%, 6/01/34 | 1,350,000 | 1,505,966 | ||
Refunding, Series A, 4.00%, 6/01/37 | 5,000,000 | 5,531,250 | ||
| 803,181,944 | ||||
| U.S. Territories 3.0% | ||||
| Puerto Rico 3.0% | ||||
| b | Puerto Rico Electric Power Authority Power Revenue, | |||
Series WW, 5.25%, 7/01/33 | 6,500,000 | 5,216,250 | ||
Series WW, 5.50%, 7/01/38 | 5,200,000 | 4,186,000 | ||
Series XX, 5.25%, 7/01/40 | 19,135,000 | 15,355,838 | ||
| 24,758,088 | ||||
Total Municipal Bonds before Short Term Investments (Cost $798,785,417) | 827,940,032 |
| Principal Amount | Value | |||
| Short Term Investments 0.5% | ||||
| Municipal Bonds 0.5% | ||||
| North Carolina 0.5% | ||||
| c | The Charlotte-Mecklenburg Hospital Authority Revenue, | |||
Carolinas HealthCare System, Refunding, Series C, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.24%, 1/15/37 | $2,900,000 | $2,900,000 | ||
Carolinas HealthCare System, Refunding, Series B, SPA JPMorgan Chase Bank, Daily VRDN and Put, 2.24%, 1/15/38 | 300,000 | 300,000 | ||
Carolinas HealthCare System, Series E, LOC TD Bank National Association, Daily VRDN and Put, 2.20%, 1/15/44 | 1,100,000 | 1,100,000 | ||
Total Short Term Investments (Cost $4,300,000) | 4,300,000 | |||
Total Investments (Cost $803,085,417) 99.7% | 832,240,032 | |||
Other Assets, less Liabilities 0.3% | 2,870,905 | |||
Net Assets 100.0% | $835,110,937 |
| aSecurity purchased on a when-issued basis. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.3% | ||||
| Ohio 98.3% | ||||
| Akron Income Tax Revenue, | ||||
Community Learning Centers, Pre-Refunded, 5.00%, 12/01/33 | $4,250,000 | $4,696,718 | ||
Community Learning Centers, Series A, Pre-Refunded, 4.50%, 12/01/33 | 10,000,000 | 10,306,200 | ||
Akron Waterworks System Mortgage Revenue, Improvement and Refunding, Assured Guaranty, 5.00%, 3/01/34 | 1,000,000 | 1,002,380 | ||
| Allen County Hospital Facilities Revenue, | ||||
Catholic Healthcare Partners, Series A, Pre-Refunded, 5.25%, 6/01/38 | 15,000,000 | 15,547,050 | ||
Catholic Healthcare Partners, Series B, Pre-Refunded, 5.25%, 9/01/27 | 7,570,000 | 7,914,889 | ||
| American Municipal Power Inc. Revenue, | ||||
Combined Hydroelectric Projects, Green Bonds, Refunding, Series A, 5.00%, 2/15/46 | 7,500,000 | 8,512,125 | ||
Greenup Hydroelectric Project, Series A, 4.00%, 2/15/36 | 1,000,000 | 1,073,190 | ||
Greenup Hydroelectric Project, Series A, 5.00%, 2/15/46 | 5,000,000 | 5,707,550 | ||
Prairie State Energy Campus Project, Refunding, Series A, 5.00%, 2/15/28 | 5,000,000 | 5,714,300 | ||
Prairie State Energy Campus Project, Refunding, Series A, 5.00%, 2/15/37 | 3,700,000 | 4,374,547 | ||
Prairie State Energy Campus Project, Refunding, Series A, 5.00%, 2/15/38 | 3,500,000 | 4,126,570 | ||
Prairie State Energy Campus Project, Refunding, Series A, BAM Insured, 5.25%, 2/15/31 | 10,000,000 | 10,885,500 | ||
Solar Electricity Prepayment Project, Green Bonds, Series A, 5.00%, 2/15/44 | 3,345,000 | 3,948,204 | ||
Anthony Wayne Local School District GO, Lucas Wood and Fulton Counties, School Facilities Construction and Improvement, Series A, 4.00%, 12/01/39 | 3,000,000 | 3,216,570 | ||
Apollo Career Center Joint Vocational School District GO, Counties of Allen Auglaize Hardin Hancock Putnam and Van Wert, Various Purpose School Improvement, Refunding, 4.00%, 12/01/39 | 6,530,000 | 7,151,134 | ||
Ashland City School District GO, Classroom Facilities and School Improvement, Series 2, 4.00%, 11/01/49 | 6,685,000 | 6,718,893 | ||
| Bath Local School District GO, | ||||
Allen County, School Improvement, AGMC Insured, 4.00%, 12/01/44 | 1,295,000 | 1,315,383 | ||
Allen County, School Improvement, AGMC Insured, 5.00%, 12/01/49 | 5,380,000 | 5,603,539 | ||
Beaver Local School District GO, School Facilities, 4.00%, 12/01/40 | 3,000,000 | 3,120,780 | ||
Big Walnut Local School District GO, Delaware County, School Facilities Construction and Improvement, 5.00%, 12/01/53 | 9,155,000 | 10,862,682 | ||
Bloom-Carroll Local School District GO, County of Fairfield, School Improvement, Series A, 5.00%, 11/01/55 | 7,025,000 | 8,286,690 | ||
| Bluffton Village Hospital Facilities Revenue, | ||||
Blanchard Valley Health System, Refunding, 4.00%, 12/01/33 | 1,655,000 | 1,784,487 | ||
Blanchard Valley Health System, Refunding, 4.00%, 12/01/34 | 1,900,000 | 2,041,360 | ||
Bowling Green State University Revenue, General Receipts, Refunding, Series B, 5.00%, 6/01/42 | 3,250,000 | 3,786,120 | ||
Brecksville-Broadview Heights City School District GO, School Facilities Improvement, 5.25%, 12/01/54 | 7,390,000 | 8,307,099 | ||
| Brooklyn City School District GO, | ||||
School Improvement, AGMC Insured, Pre-Refunded, 5.25%, 12/01/43 | 3,000,000 | 3,168,540 | ||
School Improvement, AGMC Insured, Pre-Refunded, 5.50%, 12/01/49 | 7,780,000 | 8,245,633 | ||
School Improvement, Refunding, AGMC Insured, 5.00%, 12/01/38 | 1,905,000 | 2,233,746 | ||
School Improvement, Refunding, AGMC Insured, 5.00%, 12/01/49 | 9,000,000 | 10,511,100 | ||
| Butler County Hospital Facilities Revenue, | ||||
Cincinnati Children’s Hospital Medical Center, Refunding, Series X, 5.00%, 5/15/29 | 6,750,000 | 8,671,455 | ||
Kettering Health Network Obligated Group Project, 6.375%, 4/01/36 | 5,000,000 | 5,403,350 | ||
Kettering Health Network Obligated Group Project, 5.625%, 4/01/41 | 5,000,000 | 5,313,100 | ||
UC Health, Refunding, 4.00%, 11/15/35 | 2,000,000 | 2,172,640 | ||
UC Health, Refunding, 4.00%, 11/15/36 | 2,140,000 | 2,317,278 | ||
UC Health, Refunding, 4.00%, 11/15/37 | 1,500,000 | 1,619,370 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio (continued) | ||||
| Butler County Hospital Facilities Revenue, (continued) | ||||
UC Health, Refunding, 5.00%, 11/15/45 | $20,270,000 | $22,951,316 | ||
| Canal Winchester Local School District GO, | ||||
Capital Appreciation, Refunding, Series B, NATL Insured, zero cpn., 12/01/32 | 3,955,000 | 2,759,601 | ||
Capital Appreciation, Refunding, Series B, NATL Insured, zero cpn., 12/01/33 | 2,000,000 | 1,349,840 | ||
| Central Solid Waste Authority GO, | ||||
Improvement, Solid Waste Facilities, Pre-Refunded, 4.00%, 12/01/32 | 1,505,000 | 1,616,957 | ||
Improvement and Refunding, Solid Waste Facilities, 4.00%, 12/01/32 | 15,440,000 | 16,334,439 | ||
| Chillicothe City School District GO, | ||||
Capital Appreciation, School Improvement, Refunding, NATL Insured, zero cpn., 12/01/22 | 1,905,000 | 1,775,898 | ||
Capital Appreciation, School Improvement, Refunding, NATL Insured, zero cpn., 12/01/23 | 1,905,000 | 1,737,912 | ||
Capital Appreciation, School Improvement, Refunding, NATL Insured, zero cpn., 12/01/24 | 1,905,000 | 1,700,841 | ||
Chillicothe Hospital Facilities Revenue, Adena Health System Obligated Group Project, Refunding and Improvement, 5.00%, 12/01/37 | 5,000,000 | 5,760,500 | ||
| Cincinnati City School District GO, | ||||
Classroom Facilities Construction and Improvement, Refunding, NATL Insured, 5.25%, 12/01/27 | 14,900,000 | 19,130,259 | ||
Classroom Facilities Construction and Improvement, Refunding, NATL Insured, 5.25%, 12/01/28 | 8,180,000 | 10,684,634 | ||
Cincinnati GO, Various Purpose, Improvement and Refunding, Series A, 5.25%, 12/01/40 | 6,500,000 | 7,670,065 | ||
| Cleveland Airport System Revenue, | ||||
Refunding, Series A, AGMC Insured, 5.00%, 1/01/30 | 3,000,000 | 3,234,510 | ||
Refunding, Series A, AGMC Insured, 5.00%, 1/01/31 | 1,500,000 | 1,615,290 | ||
Cleveland GO, Various Purpose, Refunding, 5.00%, 12/01/30 | 3,000,000 | 3,327,780 | ||
| Cleveland Municipal School District GO, | ||||
School Improvement, Refunding, 5.00%, 12/01/25 | 3,600,000 | 4,011,480 | ||
School Improvement, Refunding, 5.00%, 12/01/27 | 1,000,000 | 1,110,700 | ||
Cleveland Public Power System Revenue, Capital Appreciation, Series B-2, NATL Insured, zero cpn., 11/15/38 | 10,000,000 | 5,202,100 | ||
Cleveland Water PCR, Green Bonds, 5.00%, 11/15/41 | 2,000,000 | 2,299,640 | ||
| Columbus GO, | ||||
Various Purpose, Refunding, Series 3, 5.00%, 2/15/27 | 5,000,000 | 6,249,450 | ||
Various Purpose, Series A, 5.00%, 2/15/25 | 5,000,000 | 5,801,300 | ||
Various Purpose, Series A, 5.00%, 4/01/34 | 7,000,000 | 8,738,380 | ||
| Columbus Metropolitan Library Special Obligation Revenue, | ||||
Library Fund Facilities Notes, Series 1, 4.00%, 12/01/28 | 2,970,000 | 3,066,436 | ||
Library Fund Facilities Notes, Series 1, 4.00%, 12/01/29 | 4,125,000 | 4,253,370 | ||
Library Fund Facilities Notes, Series 1, 4.00%, 12/01/37 | 6,620,000 | 6,808,604 | ||
Library Fund Facilities Notes, Series 1, Pre-Refunded, 4.00%, 12/01/27 | 3,765,000 | 3,910,141 | ||
| Columbus Sewerage System Revenue, | ||||
Refunding, 5.00%, 6/01/29 | 5,000,000 | 6,088,300 | ||
Refunding, 4.00%, 6/01/31 | 15,000,000 | 16,407,150 | ||
Coventry Local School District GO, School Improvement, 5.25%, 11/01/47 | 5,000,000 | 5,322,500 | ||
Cuyahoga Community College District General Receipts Revenue, Series D, 5.00%, 8/01/32 | 2,310,000 | 2,525,200 | ||
Cuyahoga County EDR, Recovery Zone Facility, Medical Mart/Convention Center Project, Series F, 5.00%, 12/01/27 | 15,000,000 | 15,775,050 | ||
Cuyahoga County Excise Tax Revenue, Sports Facilities Improvement Project, 5.00%, 12/01/25 | 500,000 | 571,430 | ||
Dayton City School District GO, School Facilities Construction and Improvement, Refunding, 5.00%, 11/01/30 | 5,000,000 | 6,388,000 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio (continued) | ||||
Dayton Metro Library GO, Library Improvement, Series A, 4.75%, 12/01/38 | $20,000,000 | $21,302,800 | ||
Deer Park Community City School District GO, County of Hamilton, School Improvement, Refunding, Series A, 5.25%, 12/01/53 | 3,000,000 | 3,446,640 | ||
Defiance City School District GO, Defiance and Paulding Counties, Various Purpose, Refunding, 5.00%, 12/01/46 | 6,635,000 | 7,288,946 | ||
Delaware City School District GO, School Facilities Construction and Improvement, 5.75%, 12/01/49 | 6,000,000 | 6,879,180 | ||
Delaware General Income Tax Special Obligation, 4.75%, 12/01/37 | 4,000,000 | 4,057,080 | ||
Dublin City School District GO, Franklin Delaware and Union Counties, School Facilities Construction and Improvement, Series A, 4.00%, 12/01/44 | 10,000,000 | 10,999,200 | ||
Elyria City School District GO, Classroom Facilities and School Improvement, Series A, 5.00%, 12/01/43 | 5,500,000 | 6,391,110 | ||
Franklin County Convention Facilities Authority Revenue, Tax and Lease Revenue Anticipation, Refunding, 5.00%, 12/01/35 | 20,000,000 | 23,190,600 | ||
| Franklin County Hospital Facilities Revenue, | ||||
Nationwide Children’s Hospital Project, Refunding, Series A, 4.00%, 11/01/44 | 7,050,000 | 7,606,597 | ||
Nationwide Children’s Hospital Project, Refunding, Series C, 5.00%, 11/01/34 | 2,600,000 | 3,105,518 | ||
Nationwide Children’s Hospital Project, Refunding, Series C, 4.00%, 11/01/40 | 5,000,000 | 5,422,550 | ||
OhioHealth Corp., 5.00%, 5/15/33 | 6,290,000 | 7,257,716 | ||
Franklin County Hospital Revenue, Improvement, Nationwide Children’s Hospital Project, Pre-Refunded, 5.25%, 11/01/40 | 5,000,000 | 5,075,950 | ||
Franklin County Revenue, Trinity Health Credit Group, Series OH, 5.00%, 12/01/46 | 7,500,000 | 8,739,525 | ||
Fremont City School District GO, Sandusky County, School Facilities Construction and Improvement, Series A, 5.00%, 1/15/49 | 13,970,000 | 15,928,175 | ||
Greenville City School District GO, School Improvement, 5.25%, 1/01/41 | 2,000,000 | 2,173,060 | ||
Groveport-Madison Local School District GO, School Facilities Construction and Improvement, Pre-Refunded, 5.00%, 10/01/44 | 6,205,000 | 6,917,396 | ||
Hamilton County Hospital Facilities Revenue, TriHealth Inc. Obligated Group Project, Series A, 5.00%, 8/15/42 | 5,000,000 | 5,787,050 | ||
| Hamilton County Student Housing Revenue, | ||||
Stratford Heights Project, University of Cincinnati, Refunding, AGMC Insured, 5.00%, 6/01/30 | 7,000,000 | 7,228,970 | ||
Stratford Heights Project, University of Cincinnati, Refunding, AGMC Insured, 4.75%, 6/01/39 | 7,000,000 | 7,178,290 | ||
Highland Local School District GO, Medina and Summit Counties, School Improvement, Series A, 5.25%, 12/01/54 | 12,000,000 | 13,386,960 | ||
| Hilliard School District GO, | ||||
Capital Appreciation, School Construction, Refunding, NATL Insured, zero cpn., 12/01/19 | 2,190,000 | 2,173,750 | ||
Capital Appreciation, School Construction, Refunding, NATL Insured, zero cpn., 12/01/20 | 4,525,000 | 4,422,328 | ||
School Improvement, 4.00%, 12/01/46 | 10,000,000 | 10,779,200 | ||
| Huber Heights City School District GO, | ||||
School Improvement, Pre-Refunded, 5.00%, 12/01/33 | 4,500,000 | 4,579,110 | ||
School Improvement, Pre-Refunded, 5.00%, 12/01/36 | 5,000,000 | 5,087,900 | ||
Hudson City School District GO, School Improvement, 4.00%, 12/01/45 | 18,870,000 | 20,156,934 | ||
| Indian Creek Local School District GO, | ||||
School Facilities Construction and Improvement, Jefferson County, Series A, 5.00%, 11/01/55 | 3,000,000 | 3,517,140 | ||
School Facilities Construction and Improvement, Jefferson County, Series B, BAM Insured, 5.00%, 11/01/55 | 3,910,000 | 4,549,011 | ||
JobsOhio Beverage System Statewide Liquor Profits Revenue, senior lien, Series A, 5.00%, 1/01/38 | 26,010,000 | 28,612,040 | ||
Lakewood City School District GO, School Facilities Improvement, Series A, Pre-Refunded, 5.00%, 11/01/43 | 10,895,000 | 12,195,863 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio (continued) | ||||
| Lakota Local School District GO, | ||||
Butler County, Refunding, Series A, NATL Insured, 5.25%, 12/01/26 | $2,000,000 | $2,509,660 | ||
Butler County, Refunding, Series C, 5.00%, 12/01/30 | 4,035,000 | 4,721,757 | ||
| Lancaster City School District GO, | ||||
Fairfield County, School Facilities Construction and Improvement, 5.00%, 10/01/49 | 9,540,000 | 10,402,321 | ||
Fairfield County, School Facilities Construction and Improvement, Pre-Refunded, 5.00%, 10/01/49 | 460,000 | 512,021 | ||
| Little Miami Local School District GO, | ||||
Counties of Warren and Clermont, School Improvement, State Credit Enhanced, Series A, 5.00%, 11/01/43 | 1,000,000 | 1,150,700 | ||
Counties of Warren and Clermont, School Improvement, State Credit Enhanced, Series A, 5.00%, 11/01/48 | 2,460,000 | 2,811,116 | ||
Madeira City School District GO, School Improvement, Refunding, AGMC Insured, 5.25%, 12/01/32 | 9,605,000 | 12,607,715 | ||
Mahoning County Hospital Facilities Revenue, Western Reserve Care System Project, NATL Insured, ETM, 5.50%, 10/15/25 | 3,585,000 | 4,069,262 | ||
| Marysville Exempted Village School District GO, | ||||
Capital Appreciation, Refunding, NATL Insured, zero cpn., 12/01/20 | 1,000,000 | 975,000 | ||
Capital Appreciation, Refunding, NATL Insured, zero cpn., 12/01/21 | 1,000,000 | 957,640 | ||
| Marysville Wastewater Treatment System Revenue, | ||||
Refunding, BAM Insured, 4.00%, 12/01/40 | 3,015,000 | 3,188,121 | ||
Refunding, BAM Insured, 4.00%, 12/01/46 | 9,370,000 | 9,965,557 | ||
Refunding, BAM Insured, 5.00%, 12/01/47 | 5,035,000 | 5,812,908 | ||
Miami County Hospital Facilities Revenue, Kettering Health Network Obligated Group Project, Refunding and Improvement, 5.00%, 8/01/49 | 12,000,000 | 13,928,760 | ||
| Miami University Revenue, | ||||
General Receipts, Refunding, 5.00%, 9/01/31 | 4,000,000 | 4,294,360 | ||
General Receipts, Refunding, 5.00%, 9/01/31 | 2,320,000 | 2,664,636 | ||
General Receipts, Refunding, 5.00%, 9/01/34 | 3,500,000 | 3,991,995 | ||
General Receipts, Refunding, 5.00%, 9/01/41 | 5,000,000 | 5,849,250 | ||
Miami Valley Career Technology Center GO, Montgomery Butler Champaign Darke Greene Miami Preble Shelby and Warren Counties, Various Purpose School Improvement, 5.00%, 12/01/44 | 20,000,000 | 23,801,600 | ||
| Middletown City School District GO, | ||||
Counties of Butler and Warren, School Improvement, 5.25%, 12/01/40 | 2,625,000 | 2,916,034 | ||
Counties of Butler and Warren, School Improvement, 5.25%, 12/01/48 | 15,000,000 | 16,614,900 | ||
Montgomery County Revenue, Catholic Health Initiatives, Refunding, Series A, 5.50%, 5/01/34 | 8,165,000 | 8,190,475 | ||
Napoleon City School District GO, School Facilities Construction and Improvement, 5.00%, 12/01/49 | 11,460,000 | 12,304,602 | ||
| The New Albany Community Authority Community Facilities Revenue, | ||||
Refunding, Series C, 5.00%, 10/01/23 | 1,100,000 | 1,219,218 | ||
Refunding, Series C, 5.00%, 10/01/24 | 1,250,000 | 1,383,338 | ||
New Albany Plain Local School District GO, School Improvement, Refunding, 4.00%, 12/01/49 | 10,000,000 | 10,428,900 | ||
| Northeast Regional Sewer District Revenue, | ||||
Wastewater Improvement, Refunding, 5.00%, 11/15/32 | 5,500,000 | 6,386,380 | ||
Wastewater Improvement, Refunding, 4.00%, 11/15/43 | 10,000,000 | 11,014,500 | ||
Wastewater Improvement, Refunding, 4.00%, 11/15/49 | 6,000,000 | 6,363,180 | ||
| Northeastern Local School District GO, | ||||
Counties of Clark and Champaign, School Improvement, AGMC Insured, 5.25%, 12/01/45 | 5,420,000 | 6,634,188 | ||
Counties of Clark and Champaign, School Improvement, AGMC Insured, 4.00%, 12/01/55 | 5,000,000 | 5,327,550 | ||
Northmont City School District GO, School Improvement, Series A, Pre-Refunded, 5.00%, 11/01/49 | 5,130,000 | 5,567,076 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio (continued) | ||||
Northwest Local School District GO, Hamilton and Butler Counties, School Improvement, 5.00%, 12/01/45 | $3,760,000 | $4,248,424 | ||
| Norwood City School District GO, | ||||
School Improvement, Series A, 5.00%, 11/01/46 | 5,000,000 | 5,728,100 | ||
School Improvement, Series A, 5.25%, 11/01/51 | 7,645,000 | 8,869,270 | ||
Ohio Center for Local Government Capital Asset Financing Program Fractionalized Interests GO, AGMC Insured, 5.25%, 12/01/23 | 540,000 | 541,717 | ||
Ohio State Air Quality Development Authority Revenue, Environmental Improvement, Buckeye Power Inc. Project, 6.00%, 12/01/40 | 6,020,000 | 6,400,163 | ||
| Ohio State GO, | ||||
Common School, Series A, 5.00%, 3/15/36 | 5,000,000 | 5,676,350 | ||
Common School, Series A, 5.00%, 6/15/38 | 10,000,000 | 11,761,400 | ||
Highway Capital Improvements, Full Faith and Credit/Highway User Receipts, Series V, 5.00%, 5/01/33 | 1,000,000 | 1,245,330 | ||
Highway Capital Improvements, Full Faith and Credit/Highway User Receipts, Series V, 5.00%, 5/01/34 | 4,000,000 | 4,962,360 | ||
| Ohio State Higher Educational Facility Commission Revenue, | ||||
Case Western Reserve University Project, Refunding, 5.00%, 12/01/40 | 6,000,000 | 7,035,720 | ||
Denison University Project, Refunding and Improvement, 5.00%, 11/01/26 | 1,445,000 | 1,578,446 | ||
Hospital Facilities, Summa Health System, 2010 Project, Refunding, AGMC Insured, 5.25%, 11/15/40 | 21,805,000 | 22,445,631 | ||
Hospital Facilities, Summa Health System, AGMC Insured, 5.75%, 11/15/40 | 1,665,000 | 1,723,908 | ||
Hospital Facilities, Summa Health System, AGMC Insured, Pre-Refunded, 5.75%, 11/15/40 | 2,835,000 | 2,947,039 | ||
Kenyon College 2010 Project, Pre-Refunded, 5.25%, 7/01/44 | 20,460,000 | 21,279,423 | ||
Kenyon College 2010 Project, Refunding, 5.25%, 7/01/44 | 9,540,000 | 9,888,687 | ||
Kenyon College 2016 Project, Refunding, 5.00%, 7/01/42 | 10,500,000 | 12,094,740 | ||
Kenyon College 2016 Project, Refunding, 4.00%, 7/01/44 | 10,000,000 | 10,698,500 | ||
Kenyon College 2017 Project, 5.00%, 7/01/42 | 1,250,000 | 1,463,963 | ||
Kenyon College 2017 Project, 4.00%, 7/01/47 | 5,000,000 | 5,379,600 | ||
Xavier University Project, 5.00%, 5/01/40 | 14,500,000 | 14,840,315 | ||
Xavier University Project, 4.375%, 5/01/42 | 8,070,000 | 8,637,563 | ||
Ohio State Higher Educational Facility Revenue, University of Dayton 2018 Project, Series A, 4.00%, 12/01/43 | 11,885,000 | 12,917,806 | ||
Ohio State Hospital Revenue, Cleveland Clinic Health System Obligated Group, Refunding, Series A, 3.25%, 1/01/35 | 10,000,000 | 10,306,300 | ||
| Ohio State Turnpike and Infrastructure Commission Revenue, | ||||
Capital Appreciation, junior lien, Series A-2, zero cpn., 2/15/43 | 10,485,000 | 4,806,743 | ||
Infrastructure Projects, junior lien, Series A-1, 5.25%, 2/15/33 | 4,200,000 | 4,700,934 | ||
Ohio State Turnpike Commission Revenue, Capital Appreciation, junior lien, Series A-2, BAM Insured, zero cpn., 2/15/38 | 3,665,000 | 2,104,773 | ||
Ohio State Turnpike Revenue, Series A, 5.00%, 2/15/43 | 33,350,000 | 39,920,617 | ||
Ohio State University Revenue, General Receipts, Series A, 4.00%, 12/01/30 | 4,325,000 | 4,738,038 | ||
Olentangy Local School District GO, Delaware and Franklin Counties, School Facilities Construction and Improvement, 4.00%, 12/01/46 | 15,235,000 | 16,400,477 | ||
Perrysburg Exempted Village School GO, School Facilities Construction and Improvement, 5.00%, 12/01/38 | 3,225,000 | 3,715,845 | ||
Princeton City School District COP, Board of Education, School Facilities Project, 4.50%, 12/01/41 | 3,000,000 | 3,128,190 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio (continued) | ||||
| Princeton City School District GO, | ||||
School Improvement, Capital Appreciation, Refunding, zero cpn., 12/01/40 | $6,000,000 | $3,076,260 | ||
School Improvement, Capital Appreciation, Refunding, zero cpn., 12/01/41 | 6,000,000 | 2,962,560 | ||
School Improvement, Refunding, 5.00%, 12/01/39 | 12,000,000 | 13,825,080 | ||
Reading Community City School District GO, Classroom Facilities, Refunding, Series A, 5.00%, 11/01/46 | 2,000,000 | 2,304,220 | ||
| Revere Local School District GO, | ||||
School Facilities Improvement, Series A, Pre-Refunded, 5.00%, 12/01/42 | 3,025,000 | 3,342,958 | ||
School Facilities Improvement, Series A, Pre-Refunded, 5.00%, 12/01/45 | 2,560,000 | 2,829,082 | ||
Riverside Local School District GO, School Construction and Improvement, Refunding, Series A, BAM Insured, 5.00%, 10/01/47 | 5,000,000 | 5,681,300 | ||
Sandusky City School District GO, Classroom Facilities and School Improvement, Series 1, 5.00%, 11/01/50 | 6,000,000 | 6,423,420 | ||
| Sheffield Lake City School District GO, | ||||
School Improvement, Pre-Refunded, 5.00%, 12/01/37 | 7,715,000 | 7,848,701 | ||
School Improvement, Pre-Refunded, 5.00%, 12/01/37 | 1,920,000 | 1,953,754 | ||
South-Western City School District of Ohio Franklin and Pickaway Counties GO, School Facilities Construction and Improvement, 4.00%, 12/01/42 | 10,000,000 | 10,351,800 | ||
| Springboro Community City School District GO, | ||||
Refunding, AGMC Insured, 5.25%, 12/01/27 | 5,175,000 | 6,490,485 | ||
Refunding, AGMC Insured, 5.25%, 12/01/28 | 2,000,000 | 2,546,120 | ||
St. Bernard Income Tax Revenue, Various Purpose, Special Obligations, AGMC Insured, 5.00%, 12/01/43 | 3,760,000 | 4,149,574 | ||
Strongsville City School District GO, School Improvement, 4.00%, 12/01/45 | 17,515,000 | 17,857,418 | ||
| Summit County Port Authority Lease Revenue, | ||||
The University of Akron Student Housing Project, 6.00%, 1/01/42 | 3,420,000 | 3,634,024 | ||
The University of Akron Student Housing Project, Pre-Refunded, 6.00%, 1/01/42 | 8,160,000 | 8,732,016 | ||
Switzerland of Ohio Local School District GO, Counties Monroe Belmont and Noble, School Improvement, Refunding, 4.00%, 12/01/37 | 5,500,000 | 5,753,770 | ||
Sylvania City School District GO, School Improvement, Refunding, BAM Insured, 5.00%, 12/01/36 | 9,700,000 | 11,164,118 | ||
Three Rivers Local School District GO, Refunding, 5.00%, 12/01/39 | 5,885,000 | 6,813,123 | ||
Toledo City School District GO, School Facilities Improvement, Series B, Pre-Refunded, 5.00%, 12/01/32 | 7,830,000 | 8,773,045 | ||
| Toledo GO, | ||||
Capital Improvement, Refunding, Assured Guaranty, 5.00%, 12/01/29 | 2,500,000 | 2,542,075 | ||
Various Purpose Improvement, Refunding, AGMC Insured, 5.00%, 12/01/28 | 3,000,000 | 3,149,550 | ||
Toledo Special Obligation, Industrial Development, Vehicle Storage Project, AMBAC Insured, 5.25%, 12/01/26 | 1,500,000 | 1,504,440 | ||
| Toledo Water System Revenue, | ||||
Improvement and Refunding, 5.00%, 11/15/38 | 19,395,000 | 21,423,135 | ||
Series A, 4.00%, 11/15/36 | 9,125,000 | 9,474,852 | ||
Union County GO, Memorial Hospital, 5.00%, 12/01/47 | 5,000,000 | 5,827,900 | ||
| University of Akron General Receipts Revenue, | ||||
Refunding, Series A, 5.00%, 1/01/31 | 4,365,000 | 5,044,019 | ||
Refunding, Series A, 5.00%, 1/01/36 | 11,065,000 | 12,904,335 | ||
Refunding, Series A, 5.00%, 1/01/38 | 13,225,000 | 15,343,645 | ||
Refunding, Series A, 5.00%, 1/01/42 | 5,725,000 | 6,816,987 | ||
Refunding, Series A, BAM Insured, 5.00%, 1/01/34 | 6,000,000 | 7,083,900 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Ohio (continued) | ||||
| University of Cincinnati General Receipts Revenue, | ||||
Refunding, Series A, 4.00%, 6/01/48 | $10,000,000 | $10,821,700 | ||
Refunding, Series F, 5.00%, 6/01/32 | 5,800,000 | 6,079,444 | ||
Series C, 5.00%, 6/01/39 | 6,255,000 | 6,987,586 | ||
Series F, Pre- Refunded, 5.00%, 6/01/32 | 5,000 | 5,255 | ||
University of Ohio General Receipts Revenue, Refunding, Series A, 5.00%, 12/01/44 | 7,000,000 | 8,197,420 | ||
Upper Arlington City School District GO, Franklin County, School Facilities Construction and Improvement Bonds, Refunding, Series A, 5.00%, 12/01/48 | 13,000,000 | 15,515,370 | ||
Westerville City School District GO, Refunding, XLCA Insured, 5.00%, 12/01/27 | 3,820,000 | 4,749,253 | ||
Westerville Ohio Special Obligation Non-Tax Revenue, 5.00%, 12/01/30 | 2,765,000 | 3,184,561 | ||
Willoughby Eastlake City School District GO, School Improvement, 5.00%, 12/01/46 | 10,000,000 | 11,445,600 | ||
Winton Woods City School District GO, County of Hamilton, Board of Education, Classroom Facilities, Refunding, 4.00%, 11/01/43 | 7,000,000 | 7,595,420 | ||
Wyoming City School District GO, School Improvement, Pre-Refunded, 5.00%, 12/01/42 | 7,250,000 | 8,012,047 | ||
Xenia Community School District GO, School Facilities Construction and Improvement, Refunding, 5.00%, 12/01/40 | 7,285,000 | 8,329,596 | ||
Total Municipal Bonds before Short Term Investments (Cost $1,392,370,009) | 1,476,577,844 | |||
| Short Term Investments (Cost $6,900,000) 0.5% | ||||
| Municipal Bonds 0.5% | ||||
| Ohio 0.5% | ||||
| a | Ohio State Hospital Revenue, Cleveland Clinic Health System Obligated Group, Refunding, Series B, SPA Wells Fargo Bank, Daily VRDN and Put, 2.15%, 1/01/39 | 6,900,000 | 6,900,000 | |
Total Investments (Cost $1,399,270,009) 98.8% | 1,483,477,844 | |||
Other Assets, less Liabilities 1.2% | 18,410,850 | |||
Net Assets 100.0% | $1,501,888,694 |
| aVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.3% | ||||
| Oregon 96.8% | ||||
| Astoria Hospital Facilities Authority Revenue, | ||||
Columbia Memorial Hospital, 5.00%, 8/01/41 | $4,250,000 | $4,789,070 | ||
Columbia Memorial Hospital, 4.00%, 8/01/46 | 1,750,000 | 1,819,195 | ||
Columbia Memorial Hospital, Refunding, 5.00%, 8/01/28 | 1,325,000 | 1,431,928 | ||
| Beaverton School District Full Faith and Credit GO, | ||||
Washington and Multnomah Counties, Assured Guaranty, Pre-Refunded, 5.00%, 6/01/31 | 1,280,000 | 1,280,000 | ||
Washington and Multnomah Counties, Assured Guaranty, Pre-Refunded, 5.125%, 6/01/36 | 1,000,000 | 1,000,000 | ||
Central Lincoln People’s Utility District Revenue, Electric System, 5.00%, 12/01/45 | 2,900,000 | 3,361,216 | ||
City of Redmond Airport Revenue, 6.25%, 6/01/39 | 1,010,000 | 1,010,000 | ||
| City of Tigard Water System Revenue, | ||||
Washington County, 5.00%, 8/01/37 | 11,050,000 | 12,075,882 | ||
Washington County, 5.00%, 8/01/42 | 20,915,000 | 22,809,690 | ||
Washington County, 5.00%, 8/01/45 | 23,545,000 | 27,072,276 | ||
| Clackamas Community College District GO, | ||||
Convertible Deferred Interest, Series A, zero cpn. to 6/15/20, 5.00% thereafter, 6/15/38 | 760,000 | 862,676 | ||
Convertible Deferred Interest, Series A, zero cpn. to 6/15/20, 5.00% thereafter, 6/15/39 | 1,000,000 | 1,132,490 | ||
Convertible Deferred Interest, Series A, zero cpn. to 6/15/20, 5.00% thereafter, 6/15/40 | 1,250,000 | 1,412,550 | ||
Clackamas County Hospital Facility Authority Revenue, Legacy Health System, Series A, Pre-Refunded, 5.50%, 7/15/35 | 6,525,000 | 6,554,819 | ||
| Clackamas County School District No. 12 North Clackamas GO, | ||||
5.00%, 6/15/42 | 1,750,000 | 2,118,620 | ||
Capital Appreciation, Series A, zero cpn., 6/15/40 | 10,000,000 | 4,392,300 | ||
Capital Appreciation, Series A, zero cpn., 6/15/41 | 17,030,000 | 7,125,011 | ||
Capital Appreciation, Series A, zero cpn., 6/15/42 | 16,625,000 | 6,624,065 | ||
Series B, 5.00%, 6/15/34 | 8,000,000 | 9,713,040 | ||
Series B, 5.00%, 6/15/37 | 10,000,000 | 12,030,400 | ||
| Clackamas County School District No. 46 Oregon Trail GO, | ||||
Capital Appreciation, Refunding, zero cpn., 6/15/37 | 12,130,000 | 6,935,085 | ||
Capital Appreciation, Refunding, zero cpn., 6/15/38 | 12,495,000 | 6,867,627 | ||
Series A, Pre-Refunded, 5.00%, 6/15/28 | 2,210,000 | 2,212,453 | ||
Series A, Pre-Refunded, 5.00%, 6/15/29 | 2,655,000 | 2,657,947 | ||
Series A, Pre-Refunded, 5.00%, 6/15/32 | 6,855,000 | 6,862,609 | ||
| Clackamas County School District No. 62 Oregon City GO, | ||||
Full Faith and Credit, MAC Insured, Pre-Refunded, 5.00%, 6/01/39 | 550,000 | 641,383 | ||
Full Faith and Credit, Refunding, 5.00%, 6/01/34 | 990,000 | 1,129,531 | ||
Full Faith and Credit, Refunding, 5.00%, 6/01/34 | 780,000 | 909,597 | ||
Full Faith and Credit, Refunding, MAC Insured, 5.00%, 6/01/29 | 560,000 | 646,442 | ||
Full Faith and Credit, Refunding, MAC Insured, 5.00%, 6/01/39 | 700,000 | 801,388 | ||
Full faith and Credit Obligations, Pre-Refunded, MAC Insured, 5.00%, 6/01/29 | 440,000 | 513,106 | ||
Refunding, Series B, 5.00%, 6/15/49 | 20,000,000 | 24,055,400 | ||
Clackamas County School District No. 7J Lake Oswego GO, Refunding, AGMC Insured, 5.25%, 6/01/25 | 3,075,000 | 3,733,357 | ||
Clackamas River Water Revenue, Clackamas County, 5.00%, 11/01/43 | 1,970,000 | 2,262,860 | ||
Columbia and Washington Counties School District No. 47J Vernonia GO, Pre-Refunded, 5.00%, 6/15/35 | 5,175,000 | 5,363,318 | ||
Coos County School District No. 9 Coos Bay GO, 5.00%, 6/15/43 | 5,005,000 | 6,041,686 | ||
| Crook County School District GO, | ||||
Crook and Deschutes Counties, 5.00%, 6/15/34 | 4,475,000 | 5,016,430 | ||
Crook and Deschutes Counties, 5.00%, 6/15/37 | 8,090,000 | 9,038,795 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Oregon (continued) | ||||
Deschutes County Hospital Facility Authority Hospital Revenue, St. Charles Health System Inc., Refunding, Series A, 5.00%, 1/01/48 | $8,440,000 | $9,490,864 | ||
| Eugene Electric Utility System Revenue, | ||||
5.00%, 8/01/47 | 3,580,000 | 4,251,751 | ||
Series A, Pre-Refunded, 5.00%, 8/01/40 | 6,745,000 | 7,260,858 | ||
Eugene Water Utility System Revenue, Refunding, 5.00%, 8/01/40 | 4,425,000 | 4,722,316 | ||
| Forest Grove Revenue, | ||||
Campus Improvement, Pacific University Project, Refunding, Series A, 5.00%, 5/01/36 | 2,500,000 | 2,761,375 | ||
Student Housing, Oak Tree Foundation Project, Refunding, 4.00%, 3/01/37 | 3,500,000 | 3,614,100 | ||
| Independence GO, | ||||
Full Faith and Credit, City Hall Project, AGMC Insured, Pre-Refunded, 5.00%, 6/15/35 | 2,110,000 | 2,187,880 | ||
Full Faith and Credit, City Hall Project, AGMC Insured, Pre-Refunded, 5.00%, 6/15/40 | 3,975,000 | 4,121,717 | ||
| a | Jackson County School District No. 5 Ashland GO, | |||
5.00%, 6/15/40 | 5,015,000 | 6,209,523 | ||
5.00%, 6/15/41 | 5,475,000 | 6,762,501 | ||
5.00%, 6/15/42 | 5,970,000 | 7,362,562 | ||
5.00%, 6/15/43 | 6,495,000 | 7,997,683 | ||
5.00%, 6/15/44 | 6,000,000 | 7,382,880 | ||
| Jefferson County School District No. 509J GO, | ||||
Jefferson and Wasco Counties, Refunding, 5.00%, 6/15/30 | 1,000,000 | 1,124,720 | ||
Jefferson and Wasco Counties, Refunding, 5.00%, 6/15/31 | 1,410,000 | 1,583,515 | ||
Jefferson and Wasco Counties, Series B, 5.00%, 6/15/30 | 2,000,000 | 2,249,440 | ||
Jefferson School District No. 14J GO, Marion and Linn Counties, Series B, 5.00%, 6/15/41 | 1,360,000 | 1,608,853 | ||
Keizer Special Assessment, Full Faith and Credit, Keizer Station Area A Local ID, 5.20%, 6/01/31 | 1,785,000 | 1,789,695 | ||
| Klamath County School District GO, | ||||
5.00%, 6/15/29 | 1,155,000 | 1,303,371 | ||
5.00%, 6/15/30 | 1,095,000 | 1,232,028 | ||
5.00%, 6/15/31 | 1,000,000 | 1,123,890 | ||
Klamath Falls Intercommunity Hospital Authority Revenue, Sky Lakes Medical Center Project, Refunding, 5.00%, 9/01/46 | 1,000,000 | 1,143,650 | ||
Lake Oswego GO, Clackamas Multnomah and Washington Counties, Full Faith and Credit Obligations, Series A, Pre-Refunded, 5.00%, 12/01/31 | 6,400,000 | 6,400,000 | ||
| Lane and Douglas Counties School District No. 28J Fern Ridge GO, | ||||
Series A, 5.00%, 6/15/30 | 3,175,000 | 3,831,590 | ||
Series A, 5.00%, 6/15/33 | 2,115,000 | 2,526,516 | ||
Series A, 5.00%, 6/15/36 | 2,000,000 | 2,368,980 | ||
| Medford Hospital Facilities Authority Revenue, | ||||
Hospital, Asante Health System, Refunding, AGMC Insured, 5.125%, 8/15/40 | 25,000,000 | 25,785,750 | ||
Hospital, Asante Health System, Series A, AGMC Insured, 5.00%, 8/15/40 | 10,050,000 | 10,348,786 | ||
Rogue Valley Manor, Refunding, Series A, 5.00%, 10/01/33 | 1,500,000 | 1,639,065 | ||
Rogue Valley Manor, Refunding, Series A, 5.00%, 10/01/42 | 9,420,000 | 10,188,389 | ||
| Metro Dedicated Tax Revenue, | ||||
Oregon Convention Center Hotel Project, 5.00%, 6/15/42 | 7,500,000 | 8,825,175 | ||
Oregon Convention Center Hotel Project, 5.00%, 6/15/47 | 10,950,000 | 12,855,519 | ||
| Multnomah and Clackamas Counties School District No. 10Jt Gresham-Barlow GO, | ||||
Deferred Interest, Series A, 6/15/39 | 9,500,000 | 4,820,395 | ||
Series B, 5.00%, 6/15/37 | 7,885,000 | 9,485,970 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Oregon (continued) | ||||
| Multnomah County David Douglas School District No. 40 GO, | ||||
Series B, zero cpn., 6/15/24 | $1,640,000 | $1,497,878 | ||
Series B, zero cpn., 6/15/25 | 1,325,000 | 1,182,059 | ||
Series B, zero cpn., 6/15/26 | 2,585,000 | 2,247,296 | ||
Series B, zero cpn., 6/15/27 | 2,655,000 | 2,237,793 | ||
Series B, zero cpn., 6/15/28 | 2,495,000 | 2,038,440 | ||
Series B, zero cpn., 6/15/29 | 2,595,000 | 2,050,777 | ||
Series B, zero cpn., 6/15/30 | 1,885,000 | 1,431,676 | ||
Series B, zero cpn., 6/15/31 | 2,030,000 | 1,466,655 | ||
Series B, zero cpn., 6/15/32 | 2,000,000 | 1,389,040 | ||
| Multnomah County Hospital Facilities Authority Revenue, | ||||
Adventist Health System/West, Series A, 5.125%, 9/01/40 | 6,500,000 | 6,550,505 | ||
Terwilliger Plaza Inc., Refunding, 5.00%, 12/01/29 | 3,690,000 | 3,972,100 | ||
Multnomah County School District No. 1J GO, Portland Public Schools, Series B, 3.00%, 6/15/33 | 8,635,000 | 8,861,841 | ||
| Multnomah County School District No. 3 Park Rose GO, | ||||
Series A, 5.00%, 6/30/35 | 2,000,000 | 2,130,020 | ||
Series A, 5.00%, 6/30/36 | 1,500,000 | 1,596,870 | ||
Multnomah County School District No. 7 Reynolds GO, Refunding, 5.00%, 6/01/35 | 6,605,000 | 6,817,087 | ||
North Bend School District No. 13 GO, Coos County, AGMC Insured, 5.00%, 6/15/22 | 55,000 | 55,155 | ||
| Oregon Health and Science University Revenue, | ||||
Capital Appreciation, Refunding, Series A, NATL Insured, zero cpn., 7/01/21 | 6,715,000 | 6,217,150 | ||
Series A, 5.00%, 7/01/42 | 10,000,000 | 11,839,400 | ||
Series A, Pre-Refunded, 5.875%, 7/01/33 | 2,500,000 | 2,508,225 | ||
Series A, Pre-Refunded, 5.75%, 7/01/39 | 13,175,000 | 13,217,028 | ||
| Oregon State Department of Administrative Services COP, | ||||
Series C, 5.00%, 11/01/34 | 4,435,000 | 4,494,207 | ||
Series C, Pre-Refunded, 5.00%, 11/01/34 | 3,565,000 | 3,616,265 | ||
| Oregon State Department of Administrative Services Lottery Revenue, | ||||
Series A, 5.00%, 4/01/28 | 5,800,000 | 6,536,542 | ||
Series A, 5.00%, 4/01/32 | 5,000,000 | 5,583,650 | ||
| Oregon State Facilities Authority Revenue, | ||||
College Housing North West Project, Series A, 4.00%, 10/01/26 | 1,675,000 | 1,691,147 | ||
College Housing North West Project, Series A, 5.00%, 10/01/36 | 1,670,000 | 1,744,833 | ||
College Housing North West Project, Series A, 5.00%, 10/01/48 | 4,000,000 | 4,133,480 | ||
Legacy Health Project, Refunding, Series A, 5.00%, 6/01/46 | 8,000,000 | 9,186,800 | ||
Legacy Health System, Refunding, Series A, 5.00%, 3/15/30 | 1,500,000 | 1,534,275 | ||
Lewis and Clark College Project, Refunding, Series A, 5.75%, 10/01/41 | 30,000,000 | 32,655,000 | ||
Limited College Project, Refunding, Series A, 5.00%, 10/01/31 | 2,000,000 | 2,071,500 | ||
Limited College Project, Refunding, Series A, 5.00%, 10/01/34 | 2,975,000 | 3,074,663 | ||
Limited College Project, Refunding, Series A, 5.25%, 10/01/40 | 3,750,000 | 3,877,500 | ||
PeaceHealth, Series A, Pre-Refunded, 5.00%, 11/01/39 | 32,790,000 | 33,254,962 | ||
Providence Health and Services, Series C, 5.00%, 10/01/45 | 4,000,000 | 4,508,520 | ||
Reed College Project, Series A, Pre-Refunded, 5.00%, 7/01/29 | 1,500,000 | 1,557,735 | ||
Reed College Project, Series A, Pre-Refunded, 4.75%, 7/01/32 | 2,000,000 | 2,071,660 | ||
Reed College Project, Series A, Pre-Refunded, 5.125%, 7/01/41 | 10,000,000 | 10,398,100 | ||
Samaritan Health Services, Refunding, Series A, 5.25%, 10/01/40 | 13,990,000 | 14,558,833 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Oregon (continued) | ||||
| Oregon State Facilities Authority Revenue, (continued) | ||||
Samaritan Health Services Project, Refunding, Series A, 5.00%, 10/01/41 | $7,800,000 | $8,721,258 | ||
Samaritan Health Services Project, Refunding, Series A, 5.00%, 10/01/46 | 3,500,000 | 3,894,905 | ||
Student Housing, CHF Ashland LLC, Southern Oregon University Project, Assured Guaranty, 5.00%, 7/01/44 | 8,910,000 | 9,608,455 | ||
Willamette University Projects, Refunding, Series B, 5.00%, 10/01/40 | 1,950,000 | 2,281,598 | ||
| Oregon State GO, | ||||
Article XI-G OHSU Project, Series H, 5.00%, 8/01/42 | 15,000,000 | 17,967,450 | ||
Article XI-Q State Projects, Series A, 5.00%, 5/01/42 | 10,000,000 | 11,925,600 | ||
Article XI-Q State Projects, Series A, 5.00%, 5/01/44 | 5,000,000 | 6,145,650 | ||
Elderly and Disabled Housing, Series A, 4.70%, 8/01/42 | 3,050,000 | 3,053,020 | ||
Higher Education, Article XI-F(1), Series M, 5.00%, 8/01/45 | 3,315,000 | 3,832,173 | ||
Higher Education, Article XI-G, Series O, 5.00%, 8/01/40 | 7,005,000 | 8,126,080 | ||
a Higher Education, Article XI-G Projects, Series G, 5.00%, 8/01/44 | 25,370,000 | 31,255,333 | ||
Higher Education, Article XI-G University Projects, Refunding, Series L, 5.00%, 8/01/42 | 3,270,000 | 3,916,904 | ||
State Board of Higher Education, Refunding, Series B, 5.00%, 8/01/38 | 1,020,000 | 1,022,693 | ||
Various Projects, Series H, 5.00%, 5/01/36 | 1,000,000 | 1,087,010 | ||
Oregon State Housing and Community Services Department Mortgage Revenue, SFM Program, Series C, 4.75%, 7/01/42 | 595,000 | 600,194 | ||
Oregon State University General Revenue, Series A, 5.00%, 4/01/45 | 12,500,000 | 14,295,250 | ||
Philomath School District No. 17J GO, Benton and Polk Counties, Series B, zero cpn., 6/15/31 | 1,000,000 | 724,210 | ||
| Port of Portland International Airport Revenue, | ||||
Series Twenty-Five B, 5.00%, 7/01/44 | 16,250,000 | 19,494,800 | ||
Series Twenty-Four A, 5.00%, 7/01/47 | 4,700,000 | 5,517,941 | ||
Series Twenty-Four B, 5.00%, 7/01/47 | 9,395,000 | 10,854,419 | ||
Series Twenty-Five A, 5.00%, 7/01/49 | 7,825,000 | 9,451,661 | ||
| Portland GO, | ||||
Oregon Convention Center Completion Project, Limited Tax, Capital Appreciation, Series B, zero cpn., 6/01/21 | 1,000,000 | 967,250 | ||
Oregon Convention Center Completion Project, Limited Tax, Refunding, Series A, 5.00%, 6/01/28 | 7,840,000 | 8,375,080 | ||
Oregon Convention Center Completion Project, Limited Tax, Refunding, Series A, 5.00%, 6/01/29 | 8,330,000 | 8,895,107 | ||
Oregon Convention Center Completion Project, Limited Tax, Refunding, Series A, 5.00%, 6/01/30 | 8,750,000 | 9,338,262 | ||
| Portland River District Urban Renewal and Redevelopment Tax Allocation, | ||||
Refunding, Series B, 5.00%, 6/15/22 | 1,035,000 | 1,140,580 | ||
Series C, 5.00%, 6/15/28 | 1,000,000 | 1,092,370 | ||
Series C, 5.00%, 6/15/30 | 1,000,000 | 1,089,900 | ||
Portland Sewer System Revenue, second lien, Series A, 5.00%, 3/01/34 | 25,270,000 | 25,888,862 | ||
| Portland Urban Renewal and Redevelopment Tax Allocation, | ||||
Interstate Corridor, Series B, 5.00%, 6/15/29 | 1,000,000 | 1,064,150 | ||
Interstate Corridor, Series B, 5.00%, 6/15/30 | 1,000,000 | 1,062,090 | ||
Interstate Corridor, Series B, 5.00%, 6/15/31 | 1,000,000 | 1,061,470 | ||
Lents Town Center, Series B, 5.00%, 6/15/27 | 2,500,000 | 2,584,425 | ||
Lents Town Center, Series B, 5.00%, 6/15/28 | 1,175,000 | 1,214,316 | ||
Lents Town Center, Series B, 4.75%, 6/15/29 | 1,000,000 | 1,029,980 | ||
Lents Town Center, Series B, 5.00%, 6/15/30 | 1,800,000 | 1,859,472 | ||
North Macadam, Series B, 5.00%, 6/15/29 | 4,250,000 | 4,392,205 | ||
North Macadam, Series B, 5.00%, 6/15/30 | 4,725,000 | 4,881,114 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Oregon (continued) | ||||
Redmond GO, Full Faith and Credit Obligation, Terminal Expansion Project, 5.00%, 6/01/39 | $1,000,000 | $1,000,000 | ||
Redmond School District No. 2J GO, Deschutes and Jefferson Counties, Series A, NATL Insured, 5.00%, 6/15/21 | 85,000 | 85,230 | ||
| Salem Hospital Facility Authority Revenue, | ||||
Capital Manor Project, 5.00%, 5/15/33 | 555,000 | 644,816 | ||
Capital Manor Project, 5.00%, 5/15/38 | 500,000 | 573,580 | ||
Capital Manor Project, 5.00%, 5/15/43 | 1,000,000 | 1,140,790 | ||
Capital Manor Project, 5.00%, 5/15/48 | 1,700,000 | 1,933,410 | ||
Capital Manor Project, 5.00%, 5/15/53 | 3,250,000 | 3,683,745 | ||
Salem Health Projects, Refunding, Series A, 5.00%, 5/15/46 | 40,500,000 | 46,143,675 | ||
Salem-Keizer School District No. 24J GO, Marion and Polk Counties, Series B, zero cpn., 6/15/30 | 8,500,000 | 6,526,555 | ||
| Seaside School District No. 10 GO, | ||||
Clatsop County, Series B, 5.00%, 6/15/35 | 2,000,000 | 2,423,940 | ||
Clatsop County, Series B, 5.00%, 6/15/36 | 2,500,000 | 3,021,350 | ||
Sherwood GO, Washington County, Full Faith and Credit Obligations, Refunding, AGMC Insured, 5.00%, 6/01/36 | 4,240,000 | 4,498,386 | ||
| Tillamook and Yamhill Counties School District No. 101 Nestucca Valley GO, | ||||
Series A, 5.00%, 6/15/37 | 2,520,000 | 3,061,649 | ||
Series B, 5.00%, 6/15/36 | 2,850,000 | 3,477,427 | ||
| Tri-County Metropolitan Transportation District Revenue, | ||||
Capital Grant Receipt, Series A, 5.00%, 10/01/32 | 6,865,000 | 8,319,968 | ||
Payroll Tax, senior lien, Series A, 5.00%, 9/01/40 | 6,000,000 | 6,998,340 | ||
Payroll Tax, senior lien, Series A, 5.00%, 9/01/41 | 18,650,000 | 22,089,619 | ||
Payroll Tax, senior lien, Series A, 4.00%, 9/01/48 | 7,850,000 | 8,558,698 | ||
Payroll Tax, senior lien, Series A, 5.00%, 9/01/48 | 18,505,000 | 22,117,916 | ||
Payroll Tax, senior lien, Series A, Pre-Refunded, 5.00%, 9/01/37 | 11,000,000 | 12,250,480 | ||
Umatilla County Pendleton School District No. 16R GO, Series A, 5.00%, 6/15/37 | 4,970,000 | 5,689,109 | ||
| University of Oregon General Revenue, | ||||
Series A, 5.00%, 4/01/45 | 20,000,000 | 22,872,400 | ||
Series A, 5.00%, 4/01/46 | 6,690,000 | 7,825,293 | ||
| Washington and Clackamas Counties School District No. 23J GO, | ||||
Tigard-Tualatin, 5.00%, 6/15/36 | 9,400,000 | 11,321,830 | ||
Tigard-Tualatin, 5.00%, 6/15/37 | 6,000,000 | 7,203,600 | ||
| Washington Clackamas and Yamhill Counties Sherwood School District No. 88J GO, | ||||
Series A, zero cpn., 6/15/38 | 2,350,000 | 1,186,257 | ||
Series A, zero cpn., 6/15/39 | 3,275,000 | 1,575,439 | ||
| Washington Counties School District No. 48J Beaverton GO, | ||||
Series B, 5.00%, 6/15/33 | 8,000,000 | 9,197,840 | ||
Series B, 5.00%, 6/15/34 | 11,000,000 | 12,588,950 | ||
Series D, 5.00%, 6/15/36 | 10,000,000 | 12,101,800 | ||
Series D, 15/35, 5.00%, 6/15/35 | 10,000,000 | 12,136,200 | ||
| Washington County School District No. 15 Forest Grove GO, | ||||
Series B, zero cpn., 6/15/29 | 2,545,000 | 2,005,282 | ||
Series B, zero cpn., 6/15/30 | 2,490,000 | 1,887,047 | ||
Series B, zero cpn., 6/15/31 | 3,140,000 | 2,265,918 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Oregon (continued) | ||||
| Woodburn School District No. 103 GO, | ||||
Marion County, 5.00%, 6/15/33 | $2,930,000 | $3,445,651 | ||
Marion County, 5.00%, 6/15/34 | 3,200,000 | 3,748,832 | ||
Marion County, 5.00%, 6/15/35 | 2,075,000 | 2,422,376 | ||
Yachats Rural Fire Protection District GO, Lincoln County, AGMC Insured, 5.00%, 6/15/47 | 1,600,000 | 1,863,312 | ||
| 1,156,122,163 | ||||
| U.S. Territories 1.5% | ||||
| Guam 0.3% | ||||
| Guam Government Limited Obligation Revenue, | ||||
Section 30, Series A, Pre-Refunded, 5.625%, 12/01/24 | 840,000 | 857,665 | ||
Section 30, Series A, Pre-Refunded, 5.625%, 12/01/29 | 3,250,000 | 3,318,348 | ||
| 4,176,013 | ||||
| Puerto Rico 1.2% | ||||
Children’s Trust Fund Tobacco Settlement Revenue, Asset-Backed, Refunding, 5.625%, 5/15/43 | 6,000,000 | 6,062,100 | ||
| b | Puerto Rico Electric Power Authority Power Revenue, Series WW, 5.25%, 7/01/33 | 9,690,000 | 7,776,225 | |
| 13,838,325 | ||||
Total U.S. Territories | 18,014,338 | |||
Total Municipal Bonds before Short Term Investments (Cost $1,114,264,118) | 1,174,136,501 | |||
| Short Term Investments (Cost $21,950,000) 1.8% | ||||
| Municipal Bonds 1.8% | ||||
| Oregon 1.8% | ||||
| c | Oregon State Facilities Authority Revenue, PeaceHealth, Refunding, Series B, LOC TD Bank National Association, Daily VRDN and Put, 2.20%, 8/01/34 | 21,950,000 | 21,950,000 | |
Total Investments (Cost $1,136,214,118) 100.1% | 1,196,086,501 | |||
Other Assets, less Liabilities (0.1)% | (1,729,208) | |||
Net Assets 100.0% | $1,194,357,293 |
| aSecurity purchased on a when-issued basis. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 96.8% | ||||
| Pennsylvania 94.9% | ||||
Abington School District GO, Montgomery County, Series A, 4.00%, 10/01/42 | $12,000,000 | $13,057,680 | ||
| Allegheny County GO, | ||||
Series C-65, 5.375%, 5/01/31 | 2,160,000 | 2,308,068 | ||
Series C-65, Pre-Refunded, 5.375%, 5/01/31 | 2,840,000 | 3,049,564 | ||
| Allegheny County Higher Education Building Authority University Revenue, | ||||
Duquesne University, Series A, Pre-Refunded, 5.50%, 3/01/31 | 3,000,000 | 3,206,520 | ||
Robert Morris University, 5.00%, 10/15/37 | 1,000,000 | 1,109,440 | ||
Robert Morris University, 5.00%, 10/15/47 | 1,625,000 | 1,775,703 | ||
Robert Morris University, Refunding, 5.00%, 10/15/34 | 2,555,000 | 2,828,002 | ||
Robert Morris University, Refunding, 5.00%, 10/15/38 | 2,080,000 | 2,278,078 | ||
Allegheny County Hospital Development Authority Revenue, University of Pittsburgh Medical Center, Series A, 5.625%, 8/15/39 | 12,000,000 | 12,083,640 | ||
| Allegheny County Sanitary Authority Sewer Revenue, | ||||
Allegheny County, 5.00%, 6/01/43 | 7,000,000 | 8,313,970 | ||
Allegheny County, AGMC Insured, 5.00%, 6/01/40 | 5,000,000 | 5,229,700 | ||
Berks County IDA Health System Revenue, Tower Health Project, 5.00%, 11/01/47 | 5,000,000 | 5,725,100 | ||
| Berks County IDA Healthcare Facilities Revenue, | ||||
The Highlands at Wyomissing, Refunding, 5.00%, 5/15/38 | 1,030,000 | 1,142,146 | ||
The Highlands at Wyomissing, Refunding, 5.00%, 5/15/48 | 1,000,000 | 1,100,590 | ||
The Highlands at Wyomissing, Refunding, Series A, 5.00%, 5/15/42 | 1,000,000 | 1,112,710 | ||
The Highlands at Wyomissing, Refunding, Series A, 5.00%, 5/15/47 | 600,000 | 666,144 | ||
The Highlands at Wyomissing, Series C, 5.00%, 5/15/37 | 1,245,000 | 1,376,173 | ||
The Berks County Municipal Authority Revenue, The Reading Hospital and Medical Center Project, Series A, 5.00%, 11/01/44 | 10,000,000 | 10,697,000 | ||
Bethel Park School District GO, Allegheny County, Pre-Refunded, 5.10%, 8/01/33 | 2,600,000 | 2,615,314 | ||
Bethlehem Area School District GO, Northampton and Lehigh Counties, AGMC Insured, Pre-Refunded, 5.25%, 1/15/26 | 6,605,000 | 6,759,359 | ||
Bethlehem GO, Lehigh and Northampton Counties, Refunding, Series B, AGMC Insured, 6.50%, 12/01/32 | 4,975,000 | 5,379,965 | ||
Bucks County IDAR, George School Project, 5.00%, 9/15/41 | 5,000,000 | 5,351,350 | ||
Bucks County Water and Sewer Authority Sewer System Revenue, Series A, AGMC Insured, Pre-Refunded, 5.00%, 12/01/35 | 2,500,000 | 2,633,150 | ||
Bucks County Water and Sewer Authority Water System Revenue, AGMC Insured, Pre-Refunded, 5.00%, 12/01/41 | 10,000,000 | 10,881,100 | ||
| Butler County Hospital Authority Hospital Revenue, | ||||
Butler Health System Project, Refunding, Series A, 5.00%, 7/01/39 | 1,625,000 | 1,820,130 | ||
Butler Health System Project, Series B, Pre-Refunded, 7.25%, 7/01/39 | 4,500,000 | 4,519,035 | ||
Cambria County General Financing Authority Revenue, AICUP Financing Program, St. Francis University Project, Refunding, Series PP3, 5.00%, 11/01/29 | 1,000,000 | 1,108,700 | ||
Centennial School District GO, Bucks County, Series A, 5.00%, 12/15/37 | 5,855,000 | 6,147,047 | ||
Central Bradford Progress Authority Revenue, Guthrie Health Issue, Refunding, 5.375%, 12/01/41 | 3,000,000 | 3,212,010 | ||
| Centre County Hospital Authority Revenue, | ||||
Mount Nittany Medical Center Project, Refunding, Series A, 5.00%, 11/15/42 | 1,215,000 | 1,419,181 | ||
Mount Nittany Medical Center Project, Refunding, Series A, 4.00%, 11/15/47 | 1,840,000 | 1,953,307 | ||
| Chester County IDA Student Housing Revenue, | ||||
University Student Housing LLC Project at West Chester University of Pennsylvania, Series A, 5.00%, 8/01/35 | 500,000 | 529,760 | ||
University Student Housing LLC Project at West Chester University of Pennsylvania, Series A, 5.00%, 8/01/45 | 1,500,000 | 1,575,045 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Pennsylvania (continued) | ||||
| Commonwealth Financing Authority Revenue, | ||||
Series A, 5.00%, 6/01/34 | $10,000,000 | $11,462,300 | ||
Series B, 5.00%, 6/01/32 | 5,000,000 | 5,147,750 | ||
Cumberland County Municipal Authority College Revenue, Dickinson College Project, Assn. of Independent Colleges and Universities of Pennsylvania Financing Program, Series HH1, Pre-Refunded, 5.00%,
11/01/39 | 1,200,000 | 1,217,256 | ||
Cumberland County Municipal Authority Revenue, Dickinson College Project, 5.00%, 11/01/42 | 4,500,000 | 4,904,010 | ||
Dallas Area Municipal Authority University Revenue, Misericordia University Project, Refunding, 5.00%, 5/01/37 | 2,500,000 | 2,659,575 | ||
| Dauphin County General Authority Health System Revenue, | ||||
Pinnacle Health System Project, Series A, 6.00%, 6/01/36 | 1,610,000 | 1,614,605 | ||
Pinnacle Health System Project, Series A, 5.00%, 6/01/42 | 15,590,000 | 16,650,588 | ||
Pinnacle Health System Project, Series A, Pre-Refunded, 6.00%, 6/01/36 | 8,390,000 | 8,390,000 | ||
| Delaware County Authority Revenue, | ||||
Elwyn Project, Refunding, 5.00%, 6/01/27 | 3,040,000 | 3,392,093 | ||
Elwyn Project, Refunding, 5.00%, 6/01/32 | 1,620,000 | 1,784,462 | ||
Elwyn Project, Refunding, 5.00%, 6/01/37 | 1,750,000 | 1,926,855 | ||
Haverford College, Pre-Refunded, 5.00%, 11/15/40 | 2,375,000 | 2,452,188 | ||
Haverford College, Refunding, 5.00%, 11/15/40 | 625,000 | 642,081 | ||
Villanova University, 4.00%, 8/01/45 | 2,120,000 | 2,264,096 | ||
| Delaware County Authority University Revenue, | ||||
Neumann University, 5.00%, 10/01/25 | 1,250,000 | 1,307,100 | ||
Neumann University, 5.25%, 10/01/31 | 1,250,000 | 1,292,588 | ||
Delaware County Regional Water Quality Control Authority Revenue, Sewer, 4.00%, 11/01/36 | 2,005,000 | 2,183,746 | ||
Delaware County Vocational and Technical School Authority Lease Revenue, Intermediate No. 25 Project, BAM Insured, 5.00%, 11/01/38 | 1,250,000 | 1,383,925 | ||
| East Hempfield Township IDAR, | ||||
Student Services Inc., Student Housing Project at Millersville University of Pennsylvania, 5.00%, 7/01/45 | 3,250,000 | 3,402,100 | ||
Student Services Inc., Student Housing Project at Millersville University of Pennsylvania, 5.00%, 7/01/47 | 3,750,000 | 3,998,250 | ||
| Erie Parking Authority Parking Facilities Revenue, | ||||
Guaranteed, AGMC Insured, Pre-Refunded, 5.125%, 9/01/32 | 1,100,000 | 1,149,126 | ||
Guaranteed, Refunding, AGMC Insured, 5.125%, 9/01/32 | 3,150,000 | 3,271,117 | ||
Erie Water Authority Water Revenue, Erie County, Refunding, 5.00%, 12/01/43 | 6,000,000 | 6,954,420 | ||
Falls Township Authority Water and Sewer Revenue, Bucks County, Guaranteed, 5.00%, 12/01/41 | 2,210,000 | 2,379,043 | ||
Franklin County IDAR, The Chambersburg Hospital Project, Pre-Refunded, 5.375%, 7/01/42 | 10,000,000 | 10,413,800 | ||
Geisinger Authority Revenue, Geisinger Health System, Montour County, Refunding, Series A-1, 5.00%, 2/15/45 | 19,055,000 | 22,044,539 | ||
| General Authority of Southcentral Pennsylvania Revenue, | ||||
Assn. of Independent Colleges and Universities, Financing Program, York College of Pennsylvania Project, Series II, Pre-Refunded, 5.75%, 11/01/41 | 9,500,000 | 10,258,480 | ||
WellSpan Health Obligated Group, Refunding, Series A, 5.00%, 6/01/44 | 11,955,000 | 13,260,606 | ||
Indiana County Hospital Authority Hospital Revenue, Indiana Regional Medical Center, Series A, 6.00%, 6/01/39 | 1,625,000 | 1,782,008 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Pennsylvania (continued) | ||||
| Lackawanna County GO, | ||||
Refunding, Series B, AGMC Insured, 5.00%, 9/01/30 | $3,025,000 | $3,141,099 | ||
Refunding, Series B, AGMC Insured, 5.00%, 9/01/35 | 2,735,000 | 2,834,882 | ||
Series B, AGMC Insured, Pre-Refunded, 5.00%, 9/01/30 | 5,075,000 | 5,293,885 | ||
Series B, AGMC Insured, Pre-Refunded, 5.00%, 9/01/35 | 4,765,000 | 4,970,514 | ||
Lancaster County Hospital Authority Revenue, University of Pennsylvania Health System, Refunding, Series B, 5.00%, 8/15/46 | 4,165,000 | 4,830,817 | ||
Latrobe IDA College Revenue, St. Vincent College Project, 5.00%, 5/01/43 | 4,120,000 | 4,357,642 | ||
Lehigh County Authority Water and Sewer Revenue, City of Allentown Concession, Series A, 5.00%, 12/01/43 | 5,240,000 | 5,846,320 | ||
Luzerne County IDA Water Facility Revenue, Pennsylvania-American Water Co. Water Facilities, Refunding, 5.50%, 12/01/39 | 10,000,000 | 10,193,400 | ||
Lycoming County Authority Health System Revenue, Susquehanna Health System Project, Refunding, Series A, 5.75%, 7/01/39 | 25,000,000 | 25,075,750 | ||
| Lycoming County Authority Revenue, | ||||
AICUP Financing Program, Lycoming College Project, Series MM1, 5.25%, 11/01/38 | 1,400,000 | 1,584,590 | ||
AICUP Financing Program, Lycoming College Project, Series MM1, 5.25%, 11/01/43 | 1,495,000 | 1,691,279 | ||
Lycoming County Water and Sewer Authority Revenue, Guaranteed Sewer, AGMC Insured, Pre-Refunded, 5.00%, 11/15/35 | 5,835,000 | 5,928,243 | ||
McKeesport Municipal Authority Sewer Revenue, Pre-Refunded, 5.75%, 12/15/39 | 5,000,000 | 5,113,200 | ||
Monroe County Hospital Authority Hospital Revenue, Pocono Medical Center, Series A, Pre-Refunded, 5.00%, 1/01/41 | 4,000,000 | 4,348,040 | ||
| Montgomery County Higher Education and Health Authority Revenue, | ||||
Arcadia University, 5.625%, 4/01/40 | 5,750,000 | 5,880,007 | ||
Thomas Jefferson University, Refunding, Series A, 5.00%, 9/01/43 | 3,000,000 | 3,522,510 | ||
Montgomery County IDA Health System Revenue, Jefferson Health System, Series A, 5.00%, 10/01/41 | 9,600,000 | 10,237,152 | ||
| Montgomery County IDAR, | ||||
Meadowood Senior Living Project, Refunding, Series A, 5.00%, 12/01/38 | 2,500,000 | 2,747,550 | ||
New Regional Medical Center Project, Mortgage, FHA Insured, Pre-Refunded, 5.375%, 8/01/38 | 4,995,000 | 5,217,527 | ||
a Waverly Heights Ltd. Project, Refunding, 5.00%, 12/01/44 | 1,000,000 | 1,135,800 | ||
a Waverly Heights Ltd. Project, Refunding, 5.00%, 12/01/49 | 1,000,000 | 1,132,610 | ||
| Northampton County General Purpose Authority Hospital Revenue, | ||||
St. Luke’s Hospital Project, Series B, 5.50%, 8/15/33 | 2,200,000 | 2,288,396 | ||
St. Luke’s University Health Network Project, Refunding, Series A, 5.00%, 8/15/43 | 2,285,000 | 2,667,280 | ||
St. Luke’s University Health Network Project, Refunding, Series A, 5.00%, 8/15/46 | 10,000,000 | 11,394,100 | ||
St. Luke’s University Health Network Project, Refunding, Series A, 5.00%, 8/15/48 | 2,500,000 | 2,919,700 | ||
| Northeastern Hospital and Education Authority Revenue, | ||||
King’s College Project, Refunding, 5.00%, 5/01/44 | 1,000,000 | 1,160,170 | ||
Wilkes University Project, Series A, 5.25%, 3/01/42 | 2,400,000 | 2,514,696 | ||
| Pennsylvania State Economic Development Financing Authority Revenue, | ||||
UPMC, Refunding, Series A, 4.00%, 11/15/42 | 5,000,000 | 5,360,500 | ||
UPMC, Series A, 5.00%, 2/01/45 | 5,000,000 | 5,538,550 | ||
Water Facilities, Aqua Pennsylvania Inc. Project, Series B, 5.00%, 12/01/43 | 25,000,000 | 26,140,000 | ||
Water Facility, Pennsylvania-American Water Co. Project, 6.20%, 4/01/39 | 12,000,000 | 12,039,240 | ||
| a | Pennsylvania State HFA, SFMR, 3.40%, 10/01/49 | 6,000,000 | 6,060,360 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Pennsylvania (continued) | ||||
| Pennsylvania State Higher Educational Facilities Authority Revenue, | ||||
AICUP Financing Program, Gwynedd Mercy College Project, Series KK1, 5.375%, 5/01/42 | $1,800,000 | $1,923,318 | ||
AICUP Financing Program, St. Francis University Project, Series JJ2, Pre-Refunded, 6.25%, 11/01/41 | 3,840,000 | 4,270,771 | ||
Bryn Mawr College, Refunding, 5.00%, 12/01/44 | 6,365,000 | 7,359,086 | ||
Edinboro University Foundation, Student Housing Project, Pre-Refunded, 6.00%, 7/01/43 | 3,500,000 | 3,666,145 | ||
Foundation for Indiana University, Student Housing Project, Series B, Pre-Refunded, 5.00%, 7/01/41 | 1,250,000 | 1,379,000 | ||
Shippensburg University Student Services Inc. Student Housing Project at Shippensburg University of Pennsylvania, Pre-Refunded, 5.00%, 10/01/35 | 1,400,000 | 1,558,326 | ||
Shippensburg University Student Services Inc. Student Housing Project at Shippensburg University of Pennsylvania, Pre-Refunded, 6.25%, 10/01/43 | 7,000,000 | 7,758,450 | ||
Shippensburg University Student Services Inc. Student Housing Project at Shippensburg University of Pennsylvania, Pre-Refunded, 5.00%, 10/01/44 | 2,000,000 | 2,226,180 | ||
St. Joseph’s University, Series A, 5.00%, 11/01/40 | 15,000,000 | 15,542,100 | ||
Temple University, First Series, 5.00%, 4/01/42 | 15,000,000 | 16,059,150 | ||
Thomas Jefferson University, Pre-Refunded, 5.00%, 3/01/40 | 16,980,000 | 17,420,122 | ||
Thomas Jefferson University, Refunding, Series A, 5.00%, 9/01/45 | 7,465,000 | 8,405,366 | ||
The Trustees of the University of Pennsylvania, Series A, 5.00%, 8/15/36 | 2,750,000 | 3,310,615 | ||
The Trustees of the University of Pennsylvania, Series A, 4.00%, 2/15/43 | 12,575,000 | 13,897,513 | ||
The Trustees of the University of Pennsylvania, Series A, 5.00%, 8/15/46 | 14,000,000 | 16,626,400 | ||
The Trustees of the University of Pennsylvania, Series A, 5.00%, 2/15/48 | 5,000,000 | 6,020,150 | ||
The Trustees of the University of Pennsylvania, Series A, Pre-Refunded, 5.00%, 9/01/41 | 25,000,000 | 26,551,500 | ||
University of the Sciences in Philadelphia, 5.00%, 11/01/42 | 5,000,000 | 5,370,950 | ||
University of Pennsylvania Health System, 5.00%, 8/15/40 | 6,475,000 | 7,396,069 | ||
University of Pennsylvania Health System, Pre-Refunded, 5.75%, 8/15/41 | 3,950,000 | 4,316,797 | ||
University of Pennsylvania Health System, Series A, 4.00%, 8/15/42 | 5,000,000 | 5,400,850 | ||
University of Pennsylvania Health System, Series A, 5.00%, 8/15/42 | 9,000,000 | 10,582,200 | ||
University of Pittsburgh Medical Center, Series E, 5.00%, 5/15/31 | 13,000,000 | 13,396,240 | ||
| Pennsylvania State Higher Educational Facilities Authority Student Housing Revenue, | ||||
University Properties Inc. Student Housing Project at East Stroudsburg University of Pennsylvania, 5.00%, 7/01/42 | 5,500,000 | 5,590,255 | ||
University Properties Inc. Student Housing Project at East Stroudsburg University of Pennsylvania, Refunding, Series A, 5.00%, 7/01/35 | 1,000,000 | 1,093,920 | ||
Pennsylvania State Turnpike Commission Oil Franchise Tax Revenue, Senior, Refunding, Series A, 5.00%, 12/01/48 | 7,500,000 | 8,962,800 | ||
| Pennsylvania State Turnpike Commission Turnpike Revenue, | ||||
Motor License Fund-Enhanced Turnpike, Special, Subordinate, Series A, Pre-Refunded, 5.50%, 12/01/41 | 5,000,000 | 5,299,250 | ||
Series C, 5.00%, 12/01/43 | 10,000,000 | 11,134,500 | ||
Subordinate, Series A, Assured Guaranty, Pre-Refunded, 5.00%, 6/01/39 | 17,200,000 | 17,200,000 | ||
Subordinate, Series D, Pre-Refunded, 5.125%, 12/01/40 | 10,000,000 | 10,181,900 | ||
Subseries A, Assured Guaranty, Pre-Refunded, 5.00%, 6/01/39 | 2,800,000 | 2,800,000 | ||
| Pennsylvania State University Revenue, | ||||
5.00%, 3/01/40 | 1,500,000 | 1,536,285 | ||
5.00%, 9/01/48 | 5,955,000 | 7,210,969 | ||
Series A, 5.00%, 9/01/40 | 10,490,000 | 12,142,490 | ||
Series A, 5.00%, 9/01/41 | 10,000,000 | 11,829,700 | ||
Series A, 5.00%, 9/01/42 | 15,750,000 | 18,906,772 | ||
Series A, 5.00%, 9/01/47 | 10,000,000 | 11,941,800 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Pennsylvania (continued) | ||||
| Philadelphia Airport Revenue, | ||||
Refunding, Series B, 5.00%, 7/01/42 | $10,000,000 | $11,601,200 | ||
Series A, AGMC Insured, 5.00%, 6/15/35 | 5,000,000 | 5,157,900 | ||
Series A, AGMC Insured, 5.00%, 6/15/40 | 5,000,000 | 5,152,700 | ||
| Philadelphia Authority for IDR, | ||||
The Children’s Hospital of Philadelphia Project, Series A, 5.00%, 7/01/42 | 5,000,000 | 5,688,600 | ||
International Apartments at Temple University, Series A, 5.625%, 6/15/42 | 4,000,000 | 4,081,560 | ||
Temple University, First Series, 5.00%, 4/01/40 | 5,000,000 | 5,645,350 | ||
Thomas Jefferson University, Refunding, Series A, 5.00%, 9/01/47 | 11,150,000 | 12,939,017 | ||
| Philadelphia Gas Works Revenue, | ||||
1998 General Ordinance, Ninth Series, 5.25%, 8/01/40 | 3,490,000 | 3,627,506 | ||
1998 General Ordinance, Ninth Series, Pre-Refunded, 5.25%, 8/01/40 | 2,230,000 | 2,326,158 | ||
1998 General Ordinance, Refunding, Fifteenth Series, 5.00%, 8/01/42 | 5,000,000 | 5,831,450 | ||
1998 General Ordinance, Refunding, Fifteenth Series, 5.00%, 8/01/47 | 6,000,000 | 6,971,640 | ||
1998 General Ordinance, Refunding, Fourteenth Series, 5.00%, 10/01/32 | 1,000,000 | 1,178,900 | ||
Twelfth, Series B, NATL Insured, ETM, 7.00%, 5/15/20 | 105,000 | 110,379 | ||
| Philadelphia GO, | ||||
Refunding, Series A, Assured Guaranty, 5.125%, 8/01/25 | 4,480,000 | 4,506,208 | ||
Refunding, Series A, Assured Guaranty, 5.25%, 8/01/26 | 4,460,000 | 4,486,938 | ||
Series A, 5.25%, 7/15/33 | 5,000,000 | 5,361,300 | ||
Series A, Assured Guaranty, Pre-Refunded, 5.125%, 8/01/25 | 520,000 | 523,084 | ||
Series A, Assured Guaranty, Pre-Refunded, 5.25%, 8/01/26 | 540,000 | 543,305 | ||
Philadelphia Hospitals and Higher Education Facilities Authority Revenue, The Children’s Hospital of Philadelphia Project, Series C, 5.00%, 7/01/41 | 5,000,000 | 5,289,700 | ||
Philadelphia Housing Authority Capital Fund Program Revenue, Series A, AGMC Insured, 5.00%, 12/01/21 | 5,000,000 | 5,015,400 | ||
| Philadelphia Water and Wastewater Revenue, | ||||
Series A, 5.00%, 7/01/40 | 10,000,000 | 11,238,100 | ||
Series A, 5.00%, 1/01/41 | 13,000,000 | 13,565,500 | ||
Series A, 5.00%, 10/01/42 | 10,000,000 | 11,757,100 | ||
Series A, 5.125%, 1/01/43 | 5,000,000 | 5,357,950 | ||
Series A, 5.00%, 10/01/43 | 5,000,000 | 5,967,750 | ||
Series A, 5.00%, 7/01/45 | 5,000,000 | 5,612,600 | ||
Series A, 5.00%, 10/01/47 | 5,000,000 | 5,872,000 | ||
Series C, AGMC Insured, Pre-Refunded, 5.00%, 8/01/35 | 7,000,000 | 7,289,124 | ||
Pine-Richland School District GO, Allegheny County, Assured Guaranty, 5.00%, 3/01/39 | 15,130,000 | 15,605,385 | ||
Pocono Mountains Industrial Park Authority Hospital Revenue, St. Luke’s Hospital, Monroe Project, Series A, 5.00%, 8/15/40 | 5,000,000 | 5,537,350 | ||
Scranton-Lackawanna Health and Welfare Authority Revenue, University of Scranton, Refunding, 5.00%, 11/01/37 | 4,000,000 | 4,512,160 | ||
South Fork Municipal Authority Hospital Revenue, Conemaugh Valley Memorial Hospital, Series B, Assured Guaranty, Pre-Refunded, 5.375%, 7/01/35 | 10,000,000 | 10,402,800 | ||
| State College Area School District GO, | ||||
Centre County, 5.00%, 5/15/37 | 1,075,000 | 1,309,318 | ||
Centre County, 5.00%, 3/15/40 | 16,400,000 | 18,806,208 | ||
Centre County, 5.00%, 5/15/44 | 3,500,000 | 4,213,335 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Pennsylvania (continued) | ||||
| State Public School Building Authority Revenue, | ||||
Commonwealth of Pennsylvania, School Lease, The School District of Philadelphia Project, Refunding, Series A, AGMC Insured, 5.00%, 6/01/32 | $7,095,000 | $8,312,857 | ||
Commonwealth of Pennsylvania, School Lease, The School District of Philadelphia Project, Refunding, Series A, AGMC Insured, 5.00%, 6/01/33 | 3,000,000 | 3,506,070 | ||
Swarthmore Borough Authority Revenue, Swarthmore College, 5.00%, 9/15/43 | 1,000,000 | 1,124,990 | ||
Union County Higher Educational Facilities Financing Authority University Revenue, Bucknell University, Series A, 5.00%, 4/01/42 | 5,000,000 | 5,421,500 | ||
| Washington County IDA College Revenue, | ||||
Washington and Jefferson College, Pre-Refunded, 5.25%, 11/01/30 | 7,525,000 | 7,786,870 | ||
Washington and Jefferson College Project, Pre-Refunded, 5.00%, 11/01/36 | 8,470,000 | 8,745,698 | ||
West Cornwall Township Municipal Authority Healthcare Facilities Revenue, Pleasant View Retirement Community Project, Refunding, 5.00%, 12/15/38 | 2,000,000 | 2,190,680 | ||
Whitehall-Coplay School District GO, Series A, AGMC Insured, 5.375%, 11/15/34 | 555,000 | 556,476 | ||
| 1,062,717,252 | ||||
| U.S. Territories 1.9% | ||||
| Puerto Rico 1.9% | ||||
| b | Puerto Rico Electric Power Authority Power Revenue, | |||
Refunding, Series A, 5.00%, 7/01/42 | 5,000,000 | 4,000,000 | ||
Series TT, 5.00%, 7/01/32 | 5,100,000 | 4,080,000 | ||
Series XX, 5.25%, 7/01/40 | 16,020,000 | 12,856,050 | ||
| 20,936,050 | ||||
Total Municipal Bonds before Short Term Investments (Cost $1,037,926,624) | 1,083,653,302 | |||
| Short Term Investments 2.9% | ||||
| Municipal Bonds 2.9% | ||||
| Pennsylvania 2.9% | ||||
| c | Allegheny County Higher Education Building Authority University Revenue, Carnegie Mellon University, Refunding, Series A, SPA Bank of New York Mellon, Daily VRDN and Put, 2.12%, 12/01/37 | 2,000,000 | 2,000,000 | |
| c | Emmaus General Authority Revenue, SPA Wells Fargo Bank, Weekly VRDN and Put, 1.49%, 12/01/28 | 670,000 | 670,000 | |
| c | Geisinger Authority Revenue, Geisinger Health System, Montour County, Series A, SPA TD Bank National Association, Daily VRDN and Put, 2.10%, 10/01/43 | 22,100,000 | 22,100,000 |
| Principal Amount | Value | |||
| Short Term Investments (continued) | ||||
| Municipal Bonds (continued) | ||||
| Pennsylvania (continued) | ||||
| c | Philadelphia Hospitals and Higher Education Facilities Authority Revenue, The Children’s Hospital of Philadelphia Project, Series B, SPA Wells Fargo Bank, Daily VRDN and Put, 2.23%,
7/01/41 | $7,900,000 | $7,900,000 | |
Total Short Term Investments (Cost $32,670,000) | 32,670,000 | |||
Total Investments (Cost $1,070,596,624) 99.7% | 1,116,323,302 | |||
Other Assets, less Liabilities 0.3% | 3,084,332 | |||
Net Assets 100.0% | $1,119,407,634 |
| aSecurity purchased on a when-issued basis. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Principal Amount | Value | |||
| Municipal Bonds 98.4% | ||||
| Virginia 89.2% | ||||
Bristol Utility System Revenue, AGMC Insured, ETM, 5.00%, 7/15/21 | $780,000 | $808,197 | ||
| Chesterfield County EDA Revenue, | ||||
Bon Secours Health System Inc., Series C-1, AGMC Insured, Pre-Refunded, 5.00%, 11/01/42 | 2,250,000 | 2,355,120 | ||
Bon Secours Health System Inc., Series C-2, Assured Guaranty, Pre-Refunded, 5.00%, 11/01/42 | 8,000,000 | 8,373,760 | ||
| Fairfax County EDA Residential Care Facilities Mortgage Revenue, | ||||
Goodwin House Inc., Refunding, Series A, 4.00%, 10/01/42 | 1,500,000 | 1,543,635 | ||
Goodwin House Inc., Refunding, Series A, 5.00%, 10/01/42 | 5,840,000 | 6,450,806 | ||
Fairfax County EDA Revenue, Metrorail Parking System Project, 5.00%, 4/01/42 | 5,085,000 | 6,011,436 | ||
Fairfax County EDA Transportation District Improvement Revenue, Silver Line Phase I Project, Pre-Refunded, 5.00%, 4/01/36 | 10,000,000 | 10,296,600 | ||
| Fairfax County IDAR, | ||||
Health Care, Inova Health System Project, Series A, 5.00%, 5/15/44 | 2,500,000 | 2,784,275 | ||
Health Care, Inova Health System Project, Series A, 4.00%, 5/15/48 | 5,000,000 | 5,417,500 | ||
Fairfax County Sewer Revenue, 5.00%, 7/15/37 | 2,760,000 | 3,345,534 | ||
| Fairfax County Water Authority Revenue, | ||||
Refunding, 5.00%, 4/01/43 | 3,510,000 | 4,199,048 | ||
Refunding, 5.00%, 4/01/47 | 5,000,000 | 5,980,200 | ||
Farmville IDA Facilities Revenue, Educational Facilities, Longwood University Student Housing Projects, Refunding, Series A, 5.00%, 1/01/48 | 5,000,000 | 5,503,000 | ||
| Hampton Roads Sanitation District Wastewater Revenue, | ||||
Refunding, Subordinate, Series A, 5.00%, 8/01/31 | 6,200,000 | 7,496,172 | ||
Refunding, Subordinate, Series A, 5.00%, 8/01/33 | 5,115,000 | 6,143,371 | ||
Refunding, Subordinate, Series A, 5.00%, 8/01/43 | 11,840,000 | 13,936,390 | ||
Hampton Roads Transportation Accountability Commission Revenue, Transportation Fund, senior lien, Series A, 5.00%, 7/01/48 | 20,000,000 | 23,966,600 | ||
Henrico County EDA Revenue, Bon Secours Health System Inc., Pre-Refunded, 5.00%, 11/01/30 | 7,000,000 | 7,786,310 | ||
Hopewell Sewer System Revenue, Refunding, Series A, 5.00%, 7/15/42 | 4,850,000 | 5,155,501 | ||
| Lexington IDA Educational Facilities Revenue, | ||||
VMI Development Board Inc. Project, Series C, Pre-Refunded, 5.00%, 12/01/36 | 5,000,000 | 5,000,000 | ||
Washington and Lee University, 5.00%, 1/01/43 | 10,000,000 | 10,825,900 | ||
Washington and Lee University, Refunding, Series A, 5.00%, 1/01/35 | 1,105,000 | 1,349,934 | ||
Washington and Lee University, Refunding, Series A, 5.00%, 1/01/48 | 1,500,000 | 1,805,055 | ||
| Lexington IDA Residential Care Facility Revenue, | ||||
Kendal at Lexington, Series A, 5.00%, 1/01/42 | 1,000,000 | 1,078,590 | ||
Kendal at Lexington, Series A, 5.00%, 1/01/48 | 1,250,000 | 1,345,587 | ||
Loudoun County Sanitation Authority Water and Sewer Revenue, Refunding, 5.00%, 1/01/29 | 4,770,000 | 5,636,232 | ||
Lynchburg EDA Hospital Revenue, Centra Health Obligated Group, Refunding, Series A, 5.00%, 1/01/47 | 4,500,000 | 5,208,255 | ||
| Norfolk GO, | ||||
Capital Improvement, Series A, 5.00%, 10/01/41 | 1,040,000 | 1,236,040 | ||
Capital Improvement, Series A, 5.00%, 10/01/46 | 2,500,000 | 2,964,500 | ||
Capital Improvement, Series A, Pre-Refunded, 5.00%, 8/01/32 | 5,845,000 | 6,689,486 | ||
Capital Improvement, Series C, Pre-Refunded, 5.00%, 10/01/42 | 7,825,000 | 8,332,138 | ||
| Norfolk Water Revenue, | ||||
5.00%, 11/01/43 | 6,920,000 | 8,320,608 | ||
5.00%, 11/01/47 | 6,925,000 | 8,316,094 | ||
Northern Virginia Transportation Authority Transportation Special Tax Revenue, 5.00%, 6/01/33 | 3,000,000 | 3,449,310 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Virginia (continued) | ||||
| Portsmouth GO, | ||||
Public Utility, Refunding, Series A, 5.00%, 7/15/41 | $4,010,000 | $4,387,501 | ||
Public Utility, Series A, Pre-Refunded, 5.00%, 7/15/41 | 5,990,000 | 6,635,063 | ||
Prince Edward County IDA Educational Facilities Revenue, Hampden-Sydney College Project, 5.00%, 9/01/48 | 2,050,000 | 2,397,270 | ||
Prince William County IDA Health Care Facilities Revenue, Novant Health Obligated Group, Prince William Hospital, Refunding, Series B, 5.00%, 11/01/46 | 10,000,000 | 10,761,400 | ||
Prince William County IDA Revenue, George Mason University Foundation, Prince William Life Sciences Lab LLC Project, Series AA, Pre-Refunded, 5.125%, 9/01/41 | 3,200,000 | 3,455,424 | ||
| Richmond Public Utility Revenue, | ||||
Refunding, Series A, 5.00%, 1/15/33 | 10,000,000 | 11,842,600 | ||
Refunding, Series A, 5.00%, 1/15/43 | 10,000,000 | 11,119,200 | ||
Riverside Regional Jail Authority Jail Facility Revenue, Refunding, 5.00%, 7/01/31 | 6,215,000 | 7,334,073 | ||
Roanoke EDA Hospital Revenue, Carilion Clinic Obligated Group, Refunding, 5.00%, 7/01/33 | 10,615,000 | 10,977,078 | ||
| Roanoke IDA Hospital Revenue, | ||||
Carilion Health System Obligated Group, Series B, AGMC Insured, 5.00%, 7/01/38 | 3,950,000 | 4,064,194 | ||
Carilion Health System Obligated Group, Series B, Assured Guaranty, Pre-Refunded, 5.00%, 7/01/38 | 50,000 | 51,870 | ||
Smyth County GO, Public Improvement, Series A, Pre-Refunded, 5.00%, 11/01/31 | 4,145,000 | 4,487,874 | ||
Stafford County and Staunton IDAR, Virginia Municipal League Assn. of Counties Finance Program, XLCA Insured, 5.00%, 8/01/37 | 960,000 | 961,354 | ||
| Suffolk GO, | ||||
Pre-Refunded, 5.00%, 2/01/41 | 7,395,000 | 7,819,695 | ||
Pre-Refunded, 5.00%, 2/01/41 | 2,605,000 | 2,759,034 | ||
Pre-Refunded, 5.00%, 6/01/42 | 10,000,000 | 10,706,700 | ||
| University of Virginia Revenue, | ||||
General, Pledge, Refunding, Series A, 5.00%, 6/01/43 | 15,000,000 | 16,754,250 | ||
General, Pledge, Refunding, Series A, 5.00%, 4/01/47 | 9,630,000 | 11,563,704 | ||
Upper Occoquan Sewage Authority Regional Sewerage Revenue, Refunding, Series B, 4.00%, 7/01/35 | 6,165,000 | 6,842,410 | ||
| Virginia Beach Development Authority Residential Care Facility Revenue, | ||||
Westminster-Canterbury on Chesapeake Bay, Refunding, 5.00%, 9/01/40 | 1,750,000 | 2,003,575 | ||
Westminster-Canterbury on Chesapeake Bay, Refunding, 5.00%, 9/01/44 | 2,215,000 | 2,525,742 | ||
| Virginia College Building Authority Educational Facilities Revenue, | ||||
21st Century College and Equipment Programs, Series A, 4.00%, 2/01/30 | 7,000,000 | 7,898,240 | ||
a 21st Century College and Equipment Programs, Series A, 4.00%, 2/01/34 | 5,000,000 | 5,713,350 | ||
Liberty University Projects, 5.25%, 3/01/29 | 2,860,000 | 2,937,878 | ||
Liberty University Projects, 5.00%, 3/01/41 | 26,855,000 | 27,494,686 | ||
Public Higher Education Financing Program, Refunding, Series A, 5.00%, 9/01/27 | 4,000,000 | 4,932,400 | ||
Washington and Lee University, Refunding, Series A, 5.00%, 1/01/40 | 5,000,000 | 5,730,800 | ||
Virginia Port Authority Port Facilities Revenue, Pre-Refunded, 5.00%, 7/01/40 | 6,000,000 | 6,015,840 | ||
Virginia Public School Authority Revenue, Special Obligation School Financing Bonds, Prince William County, 4.00%, 3/01/33 | 5,795,000 | 6,612,617 | ||
Virginia Small Business Financing Authority Revenue, Transform 66 P3 Project, 5.00%, 12/31/47 | 1,600,000 | 1,790,128 | ||
| Virginia State Commonwealth Transportation Board Revenue, | ||||
Federal Transportation Grant Anticipation Notes, 5.00%, 9/15/30 | 2,260,000 | 2,758,240 | ||
Federal Transportation Grant Anticipation Notes, 5.00%, 9/15/31 | 4,000,000 | 4,853,840 | ||
Transportation Capital Projects, 4.00%, 5/15/40 | 13,060,000 | 14,664,029 |
| Principal Amount | Value | |||
| Municipal Bonds (continued) | ||||
| Virginia (continued) | ||||
| Virginia State HDA Revenue, | ||||
Rental Housing, Series B, 5.625%, 6/01/39 | $7,240,000 | $7,240,000 | ||
Rental Housing, Series B, 5.00%, 6/01/45 | 3,050,000 | 3,100,904 | ||
Rental Housing, Series F, 5.05%, 12/01/44 | 12,125,000 | 12,125,000 | ||
Rental Housing, Series F, 5.00%, 4/01/45 | 2,125,000 | 2,146,250 | ||
| Virginia State Public School Authority Revenue, | ||||
School Financing, 1997 Resolution, Refunding, Series B, 5.00%, 8/01/24 | 10,000,000 | 11,762,800 | ||
School Financing, 1997 Resolution, Series A, 5.00%, 8/01/30 | 3,535,000 | 4,577,083 | ||
School Financing, 1997 Resolution, Series A, 5.00%, 8/01/31 | 2,625,000 | 3,374,542 | ||
School Financing, 1997 Resolution, Series B, 5.00%, 8/01/30 | 5,280,000 | 6,695,621 | ||
| Virginia State Resources Authority Infrastructure Revenue, | ||||
State Moral Obligation, Virginia Pooled Financing Program, Refunding, Series B, 5.00%, 11/01/41 | 3,630,000 | 3,910,200 | ||
State Moral Obligation, Virginia Pooled Financing Program, Refunding, Series C, 5.00%, 11/01/48 | 7,655,000 | 9,431,037 | ||
State Moral Obligation, Virginia Pooled Financing Program, Series B, Pre-Refunded, 5.00%, 11/01/41 | 5,780,000 | 6,265,289 | ||
Virginia Pooled Financing Program, Refunding, 5.00%, 11/01/45 | 5,255,000 | 6,239,156 | ||
Virginia Pooled Financing Program, Senior Series A, 5.00%, 11/01/38 | 135,000 | 135,355 | ||
Virginia Pooled Financing Program, Series A, 5.00%, 11/01/38 | 5,165,000 | 6,115,670 | ||
Virginia State Small Business Financing Authority Healthcare Facilities Revenue, Sentara Healthcare, Refunding, 5.00%, 11/01/40 | 23,000,000 | 23,680,800 | ||
Virginia State Small Business Financing Authority Private Activity Revenue, Transform 66 P3 Project, 5.00%, 12/31/49 | 5,000,000 | 5,586,650 | ||
Winchester EDA Hospital Revenue, Valley Health System Obligated Group, Refunding, 5.00%, 1/01/44 | 5,000,000 | 5,654,350 | ||
| 548,003,950 | ||||
| District of Columbia 7.4% | ||||
| Metropolitan Washington Airports Authority Airport System Revenue, | ||||
Refunding, Series A, 5.00%, 10/01/35 | 12,000,000 | 12,485,280 | ||
Refunding, Series B, BHAC Insured, 5.00%, 10/01/29 | 3,000,000 | 3,034,620 | ||
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue, | ||||
Dulles Metrorail and Capital Improvement Projects, first senior lien, Series A, 5.00%, 10/01/39 | 10,000,000 | 10,096,300 | ||
Dulles Metrorail and Capital Improvement Projects, first senior lien, Series A, 5.25%, 10/01/44 | 12,000,000 | 12,114,960 | ||
| Washington Metropolitan Area Transit Authority Gross Revenue, | ||||
Transit, Series A, Pre-Refunded, 5.125%, 7/01/32 | 2,000,000 | 2,005,620 | ||
Transit, Series B, 5.00%, 7/01/42 | 5,000,000 | 5,943,900 | ||
| 45,680,680 | ||||
| U.S. Territories 1.8% | ||||
| Puerto Rico 1.8% | ||||
| b | Puerto Rico Electric Power Authority Power Revenue, | |||
Series WW, 5.50%, 7/01/38 | 5,200,000 | 4,186,000 | ||
Series XX, 5.25%, 7/01/40 | 8,400,000 | 6,741,000 | ||
| 10,927,000 | ||||
Total Municipal Bonds before Short Term Investments (Cost $579,806,107) | 604,611,630 |
| Principal Amount | Value | |||
| Short Term Investments 1.6% | ||||
| Municipal Bonds 1.6% | ||||
| Virginia 1.6% | ||||
| c | Albemarle County EDA Hospital Facilities Revenue, Sentara Martha Jefferson Hospital, Refunding, Series B, SPA TD Bank National Association, Daily VRDN and Put, 2.18%, 10/01/48 | $2,100,000 | $2,100,000 | |
| c | Virginia College Building Authority Educational Facilities Revenue, University of Richmond Project, SPA Wells Fargo Bank, Daily VRDN and Put, 2.18%, 11/01/36 | 8,025,000 | 8,025,000 | |
Total Short Term Investments (Cost $10,125,000) | 10,125,000 | |||
Total Investments (Cost $589,931,107) 100.0% | 614,736,630 | |||
Other Assets, less Liabilities (0.0)%† | (120,960) | |||
Net Assets 100.0% | $614,615,670 |
| †Rounds to less than 0.1% of net assets. |
| aSecurity purchased on a when-issued basis. |
| bDefaulted security or security for which income has been deemed uncollectible. |
| cVariable rate demand notes (VRDNs) are obligations which contain a floating or variable interest rate adjustment formula and an unconditional right of demand to receive payment of the principal balance plus accrued interest at specified dates. Unless otherwise noted, the coupon rate is determined based on factors including supply and demand, underlying credit, tax treatment, and current short term rates. The coupon rate shown represents the rate at period end. |
| Number of Shares Held at Beginning of Period | Gross Additions | Gross Reductions | Number of Shares Held at End of Period | Value at End of Period | Dividend Income | Realized Gain (Loss) | Net Change in Unrealized Appreciation (Depreciation) | |
| Franklin Federal Limited-Term Tax-Free Income Fund | ||||||||
| Controlled Affiliates | ||||||||
Franklin Liberty Municipal Bond ETF | 135,000 | 180,000 | — | 315,000 | $8,095,500 | $37,153 | $ — | $114,076 |
| • | Level 1 – quoted prices in active markets for identical financial instruments |
| • | Level 2 – other significant observable inputs (including quoted prices for similar financial instruments, interest rates, prepayment speed, credit risk, etc.) |
| • | Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of financial instruments) |
| Level 1 | Level 2 | Level 3 | Total | |
| Franklin Alabama Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $234,325,047 | $— | $234,325,047 |
Short Term Investments | — | 1,995,000 | — | 1,995,000 |
Total Investments in Securities | $ — | $236,320,047 | $ — | $236,320,047 |
| Franklin Arizona Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $912,644,748 | $— | $912,644,748 |
Short Term Investments | — | 3,400,000 | — | 3,400,000 |
Total Investments in Securities | $ — | $916,044,748 | $ — | $916,044,748 |
| Franklin Colorado Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $666,911,050 | $— | $666,911,050 |
Short Term Investments | — | 32,360,000 | — | 32,360,000 |
Total Investments in Securities | $ — | $699,271,050 | $ — | $699,271,050 |
| Level 1 | Level 2 | Level 3 | Total | |
| Franklin Connecticut Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $215,741,834 | $— | $215,741,834 |
Short Term Investments | — | 260,000 | — | 260,000 |
Total Investments in Securities | $ — | $216,001,834 | $ — | $216,001,834 |
| Franklin Federal Intermediate-Term Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $3,446,845,247 | $— | $3,446,845,247 |
Short Term Investments | — | 76,565,000 | — | 76,565,000 |
Total Investments in Securities | $ — | $3,523,410,247 | $ — | $3,523,410,247 |
| Franklin Federal Limited-Term Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Equity Investmentsb | $8,095,500 | $— | $— | $8,095,500 |
Municipal Bonds | — | 894,444,149 | — | 894,444,149 |
Short Term Investments | — | 120,258,695 | — | 120,258,695 |
Total Investments in Securities | $8,095,500 | $1,014,702,844 | $ — | $1,022,798,344 |
| Franklin Florida Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $555,578,120 | $— | $555,578,120 |
Short Term Investments | — | 3,500,000 | — | 3,500,000 |
Total Investments in Securities | $ — | $559,078,120 | $ — | $559,078,120 |
| Franklin Georgia Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $452,132,071 | $— | $452,132,071 |
Short Term Investments | — | 2,500,000 | — | 2,500,000 |
Total Investments in Securities | $ — | $454,632,071 | $ — | $454,632,071 |
| Franklin High Yield Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $6,081,769,803 | $— | $6,081,769,803 |
Short Term Investments | — | 270,602,126 | — | 270,602,126 |
Total Investments in Securities | $ — | $6,352,371,929 | $ — | $6,352,371,929 |
| Franklin Kentucky Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $139,368,768 | $— | $139,368,768 |
Short Term Investments | — | 7,670,000 | — | 7,670,000 |
Total Investments in Securities | $ — | $147,038,768 | $ — | $147,038,768 |
| Level 1 | Level 2 | Level 3 | Total | |
| Franklin Louisiana Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $373,811,019 | $— | $373,811,019 |
Short Term Investments | — | 1,100,000 | — | 1,100,000 |
Total Investments in Securities | $ — | $374,911,019 | $ — | $374,911,019 |
| Franklin Maryland Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $406,669,033 | $— | $406,669,033 |
Short Term Investments | — | 300,000 | — | 300,000 |
Total Investments in Securities | $ — | $406,969,033 | $ — | $406,969,033 |
| Franklin Massachusetts Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $431,668,044 | $— | $431,668,044 |
Short Term Investments | — | 1,500,000 | — | 1,500,000 |
Total Investments in Securities | $ — | $433,168,044 | $ — | $433,168,044 |
| Franklin Michigan Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $895,007,461 | $— | $895,007,461 |
Short Term Investments | — | 24,340,000 | — | 24,340,000 |
Total Investments in Securities | $ — | $919,347,461 | $ — | $919,347,461 |
| Franklin Minnesota Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $971,378,852 | $— | $971,378,852 |
Short Term Investments | — | 2,600,000 | — | 2,600,000 |
Total Investments in Securities | $ — | $973,978,852 | $ — | $973,978,852 |
| Franklin Missouri Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $984,237,429 | $— | $984,237,429 |
Short Term Investments | — | 23,710,000 | — | 23,710,000 |
Total Investments in Securities | $ — | $1,007,947,429 | $ — | $1,007,947,429 |
| Franklin New Jersey Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $855,682,832 | $— | $855,682,832 |
Short Term Investments | — | 31,450,000 | — | 31,450,000 |
Total Investments in Securities | $ — | $887,132,832 | $ — | $887,132,832 |
| Level 1 | Level 2 | Level 3 | Total | |
| Franklin North Carolina Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $827,940,032 | $— | $827,940,032 |
Short Term Investments | — | 4,300,000 | — | 4,300,000 |
Total Investments in Securities | $ — | $832,240,032 | $ — | $832,240,032 |
| Franklin Ohio Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $1,476,577,844 | $— | $1,476,577,844 |
Short Term Investments | — | 6,900,000 | — | 6,900,000 |
Total Investments in Securities | $ — | $1,483,477,844 | $ — | $1,483,477,844 |
| Franklin Oregon Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $1,174,136,501 | $— | $1,174,136,501 |
Short Term Investments | — | 21,950,000 | — | 21,950,000 |
Total Investments in Securities | $ — | $1,196,086,501 | $ — | $1,196,086,501 |
| Franklin Pennsylvania Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $1,083,653,302 | $— | $1,083,653,302 |
Short Term Investments | — | 32,670,000 | — | 32,670,000 |
Total Investments in Securities | $ — | $1,116,323,302 | $ — | $1,116,323,302 |
| Franklin Virginia Tax-Free Income Fund | ||||
| Assets: | ||||
| Investments in Securities:a | ||||
Municipal Bonds | $— | $604,611,630 | $— | $604,611,630 |
Short Term Investments | — | 10,125,000 | — | 10,125,000 |
Total Investments in Securities | $ — | $614,736,630 | $ — | $614,736,630 |
| aFor detailed categories, see the accompanying Statement of Investments. |
| bIncludes mangement investment companies. |
| Currency | |
| USD | United States Dollar |