UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811-05309 

Nuveen Investment Funds, Inc.

(Exact name of registrant as specified in charter)

Nuveen Investments

333 West Wacker Drive

Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)

Mark J. Czarniecki

Vice President and Secretary

901 Marquette Avenue

Minneapolis, Minnesota 55402

(Name and address of agent for service)

Registrant’s telephone number, including area code: (312) 917‑7700

Date of fiscal year end: March 31

Date of reporting period: March 31, 2026

Item 1. Reports to Stockholders.

    
Annual Shareholder Report     March 31, 2026  

Nuveen Short Term Municipal Bond Fund

Class A Shares/FSHAX

Annual Shareholder Report

This annual shareholder report contains important information about the Class A Shares of the Nuveen Short Term Municipal Bond Fund for the period of April 1, 2025 to March 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)

	Cost of a  $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class A Shares	$62	0.61%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?

Performance Highlights

•

The Nuveen Short Term Municipal Bond Fund returned 2.74% for Class A Shares at net asset value (NAV) for the 12 months ended March 31, 2026. The Fund underperformed the S&P Municipal Bond Short Index, which returned 3.08%.

•

Top contributors to relative performance

•

Credit quality positioning, especially an overweight to A‑rated, BBB‑rated and non‑rated bonds.

•

Sector allocation, particularly an underweight to tax‑supported bonds and overweights to health care and transportation bonds.

•

Security selection in the tax‑supported, education and utility sectors.

•

Top detractors from relative performance

•

Duration and yield curve positioning, particularly an overweight to shorter-duration bonds.

•

Security selection in the transportation, health care and housing sectors.

1 continued>>

How did the Fund perform over the last 10 years?

Performance data shown represents past performance and does not predict or guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund Shares.

Fund Performance (April 1, 2016 through March 31, 2026) Initial Investment of $10,000

Average Annual Total Returns

	1‑Year			5‑Year			10‑Year
Class A Shares at NAV (excluding maximum sales charge)		2.74%			1.24%			1.30%
Class A Shares at maximum sales charge (Offering Price)		0.19	%		0.73	%		1.05	%
S&P Municipal Bond Index		4.32	%		1.08	%		2.25	%
S&P Municipal Bond Short Index		3.08	%		1.64	%		1.65	%
Lipper Short Municipal Debt Funds Classification Average		3.24	%		1.65	%		1.47	%

Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month-end performance, go to https://www.nuveen.com/en-us/ mutual-funds/prospectuses or call (800) 257-8787.

2 continued>>

Fund Statistics (as of March 31, 2026)

Fund net assets	$	422,400,796
Total number of portfolio holdings		357
Portfolio turnover (%)		46%
Total management fees paid for the year	$	1,682,292

What did the Fund invest in? (as of March 31, 2026)

 

(1) The ratings disclosed are the highest rating given by one of the following national rating agencies: Standard & Poor’s (S&P), Moody’s Investors Service, Inc. (Moody’s) or Fitch, Inc (Fitch). This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Holdings designated N/R are not rated by these national ratings agencies.

How has the Fund changed?

For more complete information, you may review the Fund’s next prospectus, which is expected to be available by July 31, 2026 at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses or upon request at (800) 257‑8787.

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses, including its:

• prospectus   •  financial statements and other information   •  fund holdings   •  proxy voting information

You can also request this information at (800) 257‑8787.

670690593_AR_0326 5366900

3

     

Annual Shareholder Report     March 31, 2026  

Nuveen Short Term Municipal Bond Fund

Class C Shares/NAAEX

Annual Shareholder Report

This annual shareholder report contains important information about the Class C Shares of the Nuveen Short Term Municipal Bond Fund for the period of April 1, 2025 to March 31, 2026. You can find additional information at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses. You can also request this information by contacting us at (800) 257‑8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)

	Cost of a  $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class C Shares	$142	1.41%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?

Performance Highlights

•

The Nuveen Short Term Municipal Bond Fund returned 1.98% for Class C Shares at net asset value (NAV) for the 12 months ended March 31, 2026. The Fund underperformed the S&P Municipal Bond Short Index, which returned 3.08%.

•

Top contributors to relative performance

•

Credit quality positioning, especially an overweight to A‑rated, BBB‑rated and non‑rated bonds.

•

Sector allocation, particularly an underweight to tax‑supported bonds and overweights to health care and transportation bonds.

•

Security selection in the tax‑supported, education and utility sectors.

•

Top detractors from relative performance

•

Duration and yield curve positioning, particularly an overweight to shorter-duration bonds.

•

Security selection in the transportation, health care and housing sectors.

1 continued>>

How did the Fund perform over the last 10 years?

Performance data shown represents past performance and does not predict or guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund Shares.

Fund Performance (April 1, 2016 through March 31, 2026) Initial Investment of $10,000

Average Annual Total Returns

	1‑Year	5‑Year	10‑Year
Class C Shares at NAV (excluding maximum sales charge)	1.98%	0.45%	0.65%
S&P Municipal Bond Index	4.32%	1.08%	2.25%
S&P Municipal Bond Short Index	3.08%	1.64%	1.65%
Lipper Short Municipal Debt Funds Classification Average	3.24%	1.65%	1.47%

Class C Shares are subject to a contingent deferred sales charge if redeemed within 12 months of purchase, which will be reflected in total returns presented for less than one year.

Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month‑end performance, go to https://www.nuveen.com/en‑us/mutual‑funds/prospectuses or call (800) 257‑8787.

2 continued>>

Fund Statistics (as of March 31, 2026)

Fund net assets	$  422,400,796
Total number of portfolio holdings	357
Portfolio turnover (%)	46%
Total management fees paid for the year	$    1,682,292

What did the Fund invest in? (as of March 31, 2026)

 

(1) The ratings disclosed are the highest rating given by one of the following national rating agencies: Standard & Poor’s (S&P), Moody’s Investors Service, Inc. (Moody’s) or Fitch, Inc (Fitch). This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below-investment grade ratings. Holdings designated N/R are not rated by these national ratings agencies.

How has the Fund changed?

For more complete information, you may review the Fund’s next prospectus, which is expected to be available by July 31, 2026 at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses or upon request at (800) 257‑8787.

3 continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257‑8787.

670693506_AR_0326 5366900

4

   
Annual Shareholder Report     March 31, 2026   

Nuveen Short Term Municipal Bond Fund

Class I Shares/FSHYX

Annual Shareholder Report

This annual shareholder report contains important information about the Class I Shares of the Nuveen Short Term Municipal Bond Fund for the period of April 1, 2025 to March 31, 2026. You can find additional information at https://www.nuveen.com/en-us/mutual-funds/prospectuses. You can also request this information by contacting us at (800) 257-8787.

This report describes changes to the Fund that occurred during the reporting period.

What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)

	Cost of a  $10,000 investment	Costs paid as a percentage of $10,000 investment*
Class I Shares	$42	0.41%

* Annualized for period less than one year.

How did the Fund perform last year? What affected the Fund’s performance?

Performance Highlights

•

The Nuveen Short Term Municipal Bond Fund returned 3.02% for Class I Shares at net asset value (NAV) for the 12 months ended March 31, 2026. The Fund performed in line with the S&P Municipal Bond Short Index, which returned 3.08%.

•

Top contributors to relative performance

•

Credit quality positioning, especially an overweight to A‑rated, BBB‑rated and non‑rated bonds.

•

Sector allocation, particularly an underweight to tax‑supported bonds and overweights to health care and transportation bonds.

•

Security selection in the tax‑supported, education and utility sectors.

•

Top detractors from relative performance

•

Duration and yield curve positioning, particularly an overweight to shorter-duration bonds.

•

Security selection in the transportation, health care and housing sectors.

1 continued>>

How did the Fund perform over the last 10 years?

Performance data shown represents past performance and does not predict or guarantee future results. The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund Shares.

Fund Performance (April 1, 2016 through March 31, 2026) Initial Investment of $10,000

Average Annual Total Returns

	1‑Year	5‑Year	10‑Year
Class I Shares at NAV	3.02%	1.46%	1.52%
S&P Municipal Bond Index	4.32%	1.08%	2.25%
S&P Municipal Bond Short Index	3.08%	1.64%	1.65%
Lipper Short Municipal Debt Funds Classification Average	3.24%	1.65%	1.47%

Investment return and principal value will fluctuate, and you may have a gain or loss when you sell your shares. Current performance may differ from figures shown. For most recent month‑end performance, go to https://www.nuveen.com/en‑us/mutual‑funds/prospectuses or call (800) 257‑8787.

2 continued>>

Fund Statistics (as of March 31, 2026)

Fund net assets	$  422,400,796
Total number of portfolio holdings	357
Portfolio turnover (%)	46%
Total management fees paid for the year	$    1,682,292

What did the Fund invest in? (as of March 31, 2026)

(1) The ratings disclosed are the highest rating given by one of the following national rating agencies: Standard & Poor’s (S&P), Moody’s Investors Service, Inc. (Moody’s) or Fitch, Inc (Fitch). This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C and D are below investment grade ratings. Holdings designated N/R are not rated by these national ratings agencies.

How has the Fund changed?

For more complete information, you may review the Fund’s next prospectus, which is expected to be available by July 31, 2026 at https://www.nuveen.com/en‑us/mutual‑funds/prospectuses or upon request at (800) 257‑8787.

3 continued>>

Availability of additional information about the Fund

You can find additional information about the Fund at https://www.nuveen.com/en-us/mutual-funds/prospectuses, including its:

• prospectus  • financial statements and other information  • fund holdings  • proxy voting information

You can also request this information at (800) 257‑8787.

670690486_AR_0326 5366900

4

Item 2. Code of Ethics.

As of the end of the period covered by this report, the registrant has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There were no amendments to or waivers from the code during the period covered by this report. Upon request, a copy of the registrant’s code of ethics is available without charge by calling 800-257-8787.

Item 3. Audit Committee Financial Expert.

As of the end of the period covered by this report, the registrant’s Board of Directors or Trustees (“Board”) had determined that the registrant has at least one “audit committee financial expert” (as defined in Item 3 of Form N-CSR) serving on its Audit Committee. The members of the registrant’s audit committee that have been designated as audit committee financial experts are Joseph A. Boateng, John K. Nelson and Loren M. Starr, who are “independent” for purposes of Item 3 of Form N-CSR.

Mr. Boateng has served as the Chief Investment Officer for Casey Family Programs since 2007. He was previously Director of U.S. Pension Plans for Johnson & Johnson from 2002-2006. Mr. Boateng is a board member of the Lumina Foundation and Waterside School, an emeritus board member of Year Up Puget Sound, member of the Investment Advisory Committee and former Chair for the Seattle City Employees’ Retirement System, and an Investment Committee Member for The Seattle Foundation. Mr. Boateng previously served on the Board of Trustees for the College Retirement Equities Fund (2018-2023) and on the Management Committee for TIAA Separate Account VA-1 (2019-2023).

Mr. Nelson formerly served on the Board of Directors of Core12, LLC from 2008 to 2023, a private firm which develops branding, marketing, and communications strategies for clients. Mr. Nelson has extensive experience in global banking and markets, having served in several senior executive positions with ABN AMRO Holdings N.V. and its affiliated entities and predecessors, including LaSalle Bank Corporation from 1996 to 2008, ultimately serving as Chief Executive Officer of ABN AMRO N.V. North America. During his tenure at the bank, he also served as Global Head of its Financial Markets Division, which encompassed the bank’s Currency, Commodity, Fixed Income, Emerging Markets, and Derivatives businesses. He was a member of the Foreign Exchange Committee of the Federal Reserve Bank of the United States and during his tenure with ABN AMRO served as the bank’s representative on various committees of The Bank of Canada, European Central Bank, and The Bank of England. Mr. Nelson previously served as a senior, external advisor to the financial services practice of Deloitte Consulting LLP. (2012-2014).

Mr. Starr was Vice Chair, Senior Managing Director from 2020 to 2021, and Chief Financial Officer, Senior Managing Director from 2005 to 2020, for Invesco Ltd. Mr. Starr is also a Director and Chair of the Board for AMG. He is former Chair and member of the Board of Directors, Georgia Leadership Institute for School Improvement (GLISI); former Chair and member of the Board of Trustees, Georgia Council on Economic Education (GCEE). Mr. Starr previously served on the Board of Trustees for the College Retirement Equities Fund and on the Management Committee for TIAA Separate Account VA-1 (2022-2023).

Item 4. Principal Accountant Fees and Services.

Nuveen Investment Funds, Inc.

The following tables show the amount of fees that PricewaterhouseCoopers LLP (“PwC”), the independent registered public accounting firm, billed to the Registrant during the Registrant’s last two full fiscal years. The Audit Committee approved in advance all audit services and non-audit services that PwC provided to the Registrant, except for those non-audit services that were subject to the pre-approval exception under Rule 2-01 of Regulation S-X (the “pre-approval exception”). The pre-approval exception for services provided directly to the Registrant waives the pre-approval requirement for services other than audit, review or attest services if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Registrant during the fiscal year in which the services are provided; (B) the Registrant did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the audit is completed.

The Audit Committee has delegated certain pre-approval responsibilities to its Chair.

SERVICES THAT THE REGISTRANT’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM BILLED TO THE REGISTRANT

Fiscal Year Ended	Audit Fees Billed to Registrant1	Audit-Related Fees Billed to Registrant2	Tax Fees Billed to Registrant3	All Other Fees Billed to Registrant4
March 31, 2026	$31,814	$0	$0	$0
Percentage approved pursuant to pre-approval exception	0%	0%	0%	0%
March 31, 2025	$31,789	$0	$0	$0
Percentage approved pursuant to pre-approval exception	0%	0%	0%	0%

1 “Audit Fees” are the aggregate fees billed for professional services for the audit of the Registrant’s annual financial statements and services provided in connection with statutory and regulatory filings.

2 “Audit-Related Fees” are the aggregate fees billed for assurance and related services reasonably related to the performance of the audit or review of financial statements that are not reported under “Audit Fees”.

3 “Tax Fees” are the aggregate fees billed for professional services for tax compliance, tax advice, and tax planning.

4 “All Other Fees” are the aggregate fees billed for products and services other than “Audit Fees”, “Audit-Related Fees” and “Tax Fees”.

SERVICES THAT THE REGISTRANT’S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM BILLED TO THE ADVISER AND AFFILIATED REGISTRANT SERVICE PROVIDERS

The following tables show the amount of fees billed by PwC to Nuveen Fund Advisors, LLC (the “Adviser”), and any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Registrant (“Affiliated Fund Service Provider”), for engagements directly related to the Registrant’s operations and financial reporting, during the Registrant’s last two full fiscal years.

The tables also show the percentage of fees subject to the pre-approval exception. The pre-approval exception for services provided to the Adviser and any Affiliated Fund Service Provider (other than audit, review or attest services) waives the pre-approval requirement if: (A) the aggregate amount of all such services provided constitutes no more than 5% of the total amount of revenues paid by the Registrant, the Adviser and Affiliated Fund Service Providers during the fiscal year in which the services are provided that would have to be pre-approved by the Audit Committee; (B) the Registrant did not recognize the services as non-audit services at the time of the engagement; and (C) the services are promptly brought to the Audit Committee’s attention, and the Committee (or its delegate) approves the services before the Registrant’s audit is completed.

Fiscal Year Ended	Audit-Related Fees Billed to Adviser and Affiliated Fund Service Providers	Tax Fees Billed to Adviser and Affiliated Fund Service Providers	All Other Fees Billed to Adviser and Affiliated Fund Service Providers
March 31, 2026	$0	$0	$0
Percentage approved pursuant to pre-approval exception	0%	0%	0%
March 31, 2025	$0	$0	$0
Percentage approved pursuant to pre-approval exception	0%	0%	0%

NON-AUDIT SERVICES

The following table shows the amount of fees that PwC billed during the Registrant’s last two full fiscal years for non-audit services. The Audit Committee is required to pre-approve non-audit services that the Registrant’s independent registered public accounting firm provides to the Adviser and any Affiliated Fund Service Provider, if the engagement related directly to the Registrant’s operations and financial reporting (except for those subject to the pre-approval exception described above). The Audit Committee requested and received information from PwC about any non-audit services rendered during the Registrant’s last fiscal year to the Adviser and any Affiliated Fund Service Provider. The Committee considered this information in evaluating PwC’s independence.

Fiscal Year Ended	Total Non-Audit Fees  Billed to Registrant		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Registrant)		Total Non-Audit Fees Billed to Adviser and Affiliated Fund Service Providers (all other engagements)		Total
March 31, 2026		$0		$0		$11,629,068		$11,629,068
March 31, 2025		$0		$0		$0		$0

“Non-Audit Fees billed to Registrant” for both fiscal year ends represent “Tax Fees” and “All Other Fees” billed to the Registrant in their respective amounts from the previous table.

Less than 50 percent of the hours expended on the independent registered public accounting firm’s engagement to audit the Registrant’s financial statements for the most recent fiscal year were attributed to work performed by persons other than the independent registered public accounting firm’s full-time, permanent employees.

Audit Committee Pre-Approval Policies and Procedures. Generally, the Audit Committee must approve (i) all non-audit services to be performed for the Registrant by the Registrant’s independent registered public accounting firm and (ii) all audit and non-audit services to be performed by the Registrant’s independent registered public accounting firm for the Affiliated Fund Service Providers with respect to the operations and financial reporting of the Registrant.

Item 4(i) and Item 4(j) are not applicable to the Registrant.

Item 5. Audit Committee of Listed Registrants.

Not applicable to this registrant.

Item 6. Investments.

(a) Schedule of Investments is included as part of the financial statements filed under Item 7 of this Form N-CSR.

(b) Not applicable.

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

Report

of

Independent

Registered

Public

Accounting

Firm

1

To

the

Board

of

Trustees

of

Nuveen

Municipal

Trust

and

Board

of

Directors

of

Nuveen

Investment

Funds,

Inc.

and

Shareholders

of

Nuveen

All-American

Municipal

Bond

Fund,

Nuveen

Intermediate

Duration

Municipal

Bond

Fund,

Nuveen

Limited

Term

Municipal

Bond

Fund

and

Nuveen

Short

Term

Municipal

Bond

Fund

Opinions

on

the

Financial

Statements

We

have

audited

the

accompanying

statements

of

assets

and

liabilities,

including

the

portfolios

of

investments,

of

Nuveen

All-American

Municipal

Bond

Fund,

Nuveen

Intermediate

Duration

Municipal

Bond

Fund

and

Nuveen

Limited

Term

Municipal

Bond

Fund

(three

of

the

funds

constituting

Nuveen

Municipal

Trust)

and

Nuveen

Short

Term

Municipal

Bond

Fund

(one

of

the

funds

constituting

Nuveen

Investment

Funds,

Inc.)

(hereafter

collectively

referred

to

as

the

"Funds")

as

of

March

31,

2026,

the

related

statements

of

operations

for

the

year

ended

March

31,

2026,

the

statements

of

changes

in

net

assets

for

each

of

the

two

years

in

the

period

ended

March

31,

2026,

including

the

related

notes,

and

the

financial

highlights

for

each

of

the

five

years

in

the

period

ended

March

31,

2026

(collectively

referred

to

as

the

“financial

statements”).

In

our

opinion,

the

financial

statements

present

fairly,

in

all

material

respects,

the

financial

position

of

each

of

the

Funds

as

of

March

31,

2026,

the

results

of

each

of

their

operations

for

the

year

then

ended,

the

changes

in

each

of

their

net

assets

for

each

of

the

two

years

in

the

period

ended

March

31,

2026

and

each

of

the

financial

highlights

for

each

of

the

five

years

in

the

period

ended

March

31,

2026

in

conformity

with

accounting

principles

generally

accepted

in

the

United

States

of

America.

Basis

for

Opinions

These

financial

statements

are

the

responsibility

of

the

Funds’

management.

Our

responsibility

is

to

express

an

opinion

on

the

Funds’

financial

statements

based

on

our

audits.

We

are

a

public

accounting

firm

registered

with

the

Public

Company

Accounting

Oversight

Board

(United

States)

(PCAOB)

and

are

required

to

be

independent

with

respect

to

the

Funds

in

accordance

with

the

U.S.

federal

securities

laws

and

the

applicable

rules

and

regulations

of

the

Securities

and

Exchange

Commission

and

the

PCAOB.

We

conducted

our

audits

of

these

financial

statements

in

accordance

with

the

standards

of

the

PCAOB.

Those

standards

require

that

we

plan

and

perform

the

audit

to

obtain

reasonable

assurance

about

whether

the

financial

statements

are

free

of

material

misstatement,

whether

due

to

error

or

fraud.

Our

audits

included

performing

procedures

to

assess

the

risks

of

material

misstatement

of

the

financial

statements,

whether

due

to

error

or

fraud,

and

performing

procedures

that

respond

to

those

risks.

Such

procedures

included

examining,

on

a

test

basis,

evidence

regarding

the

amounts

and

disclosures

in

the

financial

statements.

Our

audits

also

included

evaluating

the

accounting

principles

used

and

significant

estimates

made

by

management,

as

well

as

evaluating

the

overall

presentation

of

the

financial

statements.

Our

procedures

included

confirmation

of

securities

owned

as

of

March

31,

2026

by

correspondence

with

the

custodian,

agent

banks

and

brokers;

when

replies

were

not

received

from

brokers,

we

performed

other

auditing

procedures.

We

believe

that

our

audits

provide

a

reasonable

basis

for

our

opinions.

/s/

PricewaterhouseCoopers

LLP

Chicago,

Illinois

May 28,

2026

We

have

served

as

the

auditor

of

one

or

more

investment

companies

in

Nuveen

Funds

since

2002.

2

Portfolio

of

Investments

March

31,

2026

All-American

See

Notes

To

Financial

Statements

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

102.2%

27,444,780

EXCHANGE-TRADED

FUNDS

-

0.8%

27,444,780

1,100,000

(a)

Nuveen

Municipal

Income

ETF

$

27,444,780

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost

$27,729,750)

27,444,780

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

3533589293

MUNICIPAL

BONDS

-

101.4%

3533589293

ALABAMA

-

2.1%

$

1,400,000

Alabama

State

University,

General

Tuition

and

Fee

Revenue

Bonds,

Series

2025

5.500

%

09/01/45

1,511,145

1,540,000

Alabama

State

University,

General

Tuition

and

Fee

Revenue

Bonds,

Series

2025

5.750

09/01/50

1,651,990

1,790,000

(b),(c)

Baldwin

County

Industrial

Development

Authority,

Alabama,

Solid

Waste

Disposal

Revenue

Bonds,

Novelis

Corporation

Project,

Series

2025B,

(AMT),

(Mandatory

Put

6/01/32)

4.625

06/01/55

1,791,311

2,800,000

(b),(c)

Baldwin

County

Industrial

Development

Authority,

Alabama,Solid

Waste

Disposal

Revenue

Bonds,

Novelis

Corporation

Project,

Series

2026A,

(AMT),

(Mandatory

Put

3/01/33)

4.300

03/01/56

2,716,721

3,500,000

Birmingham-Jefferson

Civic

Center

Authority,

Alabama,

Special

Tax

Bonds,

Series

2018A

4.000

07/01/38

3,478,780

3,500,000

Birmingham-Jefferson

Civic

Center

Authority,

Alabama,

Special

Tax

Bonds,

Series

2018A

4.000

07/01/43

3,318,994

10,000,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2023A,

(Mandatory

Put

10/01/30)

5.250

01/01/54

10,610,253

24,000,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025A,

(Mandatory

Put

5/01/32)

5.250

05/01/56

24,446,902

2,000,000

Hoover

Industrial

Development

Board,

Alabama,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Proejcet,

Series

2019,

(AMT)

5.750

10/01/49

2,042,808

4,220,000

Infirmary

Health

System

Special

Care

Facilities

Financing

Authority

of

Mobile,

Alabama,

Revenue

Bonds,

Infirmary

Health

System,

Inc.,

Series

2016A

5.000

02/01/41

4,219,748

440,000

Mobile

Spring

Hill

College

Educational

Building

Authority,

Alabama,

Revenue

Bonds,

Spring

Hill

College

Project,

Series

2015

5.875

04/15/45

308,742

11,250,000

Southeast

Energy

Authority,

Alabama,

A

Cooperative

District

Energy

Supply

Revenue

Bonds

Series

2024A

5.000

11/01/35

11,499,877

5,810,000

UAB

Medicine

Finance

Authority,

Alabama,

Revenue

Bonds,

Series

2019B

4.000

09/01/48

5,310,703

TOTAL

ALABAMA

72,907,974

ARIZONA

-

2.5%

2,890,000

(d)

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Series

2026A

5.000

07/01/43

3,137,716

2,250,000

(d)

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Series

2026A

5.000

07/01/44

2,421,675

330,000

Arizona

Board

of

Regents,

University

of

Arizona,

System

Revenue

Bonds,

Refunding

Series

2026A

5.000

06/01/41

365,104

450,000

Arizona

Board

of

Regents,

University

of

Arizona,

System

Revenue

Bonds,

Refunding

Series

2026A

5.000

06/01/42

494,536

545,000

Arizona

Board

of

Regents,

University

of

Arizona,

System

Revenue

Bonds,

Refunding

Series

2026A

5.000

06/01/44

589,206

700,000

Arizona

Board

of

Regents,

University

of

Arizona,

System

Revenue

Bonds,

Refunding

Series

2026A

5.000

06/01/45

749,753

700,000

Arizona

Board

of

Regents,

University

of

Arizona,

System

Revenue

Bonds,

Refunding

Series

2026A

5.000

06/01/46

743,767

1,220,000

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Economic

Development

Revenue

Bonds,

Linder

Village

Project

in

Meridian,

Ada

County,

Idaho,

Series

2020

5.000

06/01/31

1,231,757

2,000,000

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Heritage

Academy

-

Gateway

and

Laveen

Pojects,

Series

2021B

5.000

07/01/51

1,713,597

3

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ARIZONA

(continued)

$

19,560,000

(c)

Arizona

Industrial

Development

Authority,

Arizona,

Hotel

Revenue

Bonds,

Provident

Group

Falcon

Properties

LLC,

Project,

Senior

Series

2022A-1

4.000

%

12/01/51

$

11,526,583

940,000

Arizona

Industrial

Development

Authority,

Senior

National

Charter

School

Revolving

Loan

Fund

Revenue

Bonds,

Social

Series

2026A

5.000

11/01/42

993,534

755,000

Arizona

Industrial

Development

Authority,

Senior

National

Charter

School

Revolving

Loan

Fund

Revenue

Bonds,

Social

Series

2026A

5.000

11/01/43

795,206

875,000

Arizona

Industrial

Development

Authority,

Senior

National

Charter

School

Revolving

Loan

Fund

Revenue

Bonds,

Social

Series

2026A

5.000

11/01/44

912,618

7,685,000

Chandler,

Arizona,

Excise

Tax

Revenue

Bonds,

Series

2026

5.000

07/01/40

8,600,438

7,740,000

Chandler,

Arizona,

General

Obligation

Bonds,

Series

2026

5.000

07/01/39

8,719,074

1,000,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

HonorHealth,

Series

2019A

5.000

09/01/35

1,035,898

2,235,000

(b)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Banner

Health,

Series

2023A-2,

(Mandatory

Put

5/15/28)

5.000

01/01/53

2,323,315

6,380,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Rental

Car

Facility

Charge

Revenue

Bonds,

Series

2019A

5.000

07/01/35

6,692,295

6,000,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Revenue

Bonds,

Civic

Plaza

Expansion

Project,

Series

2005B

-

FGIC

Insured

5.500

07/01/39

7,144,548

3,500,000

(c)

Pima

County

Industrial

Development

Authority,

Arizona,

Education

Facility

Revenue

Bonds,

American

Leadership

Academy

Project,

Refunding

Series

2022.

Forward

Delivery

4.000

06/15/41

2,994,567

1,000,000

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

5.250

12/01/28

1,042,067

13,155,000

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

5.000

12/01/32

14,004,190

7,000,000

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

5.000

12/01/37

7,393,002

TOTAL

ARIZONA

85,624,446

ARKANSAS

-

0.7%

19,400,000

(b),(c)

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2026B,

(AMT),

(Mandatory

Put

3/03/36)

4.250

09/01/46

19,286,535

5,545,000

Arkansas

Development

Finance

Authority,

Revenue

Bonds,

Baptist

Memorial

Health

Care,

Refunding

Series

2020B-1

5.000

09/01/40

5,596,473

TOTAL

ARKANSAS

24,883,008

CALIFORNIA

-

16.0%

345,000

Alameda

County

Fire

Department,

California,

General

Obligation

Bonds,

Series

2025

5.000

06/01/43

384,362

410,000

Alameda

County

Fire

Department,

California,

General

Obligation

Bonds,

Series

2025

5.000

06/01/44

452,453

950,000

Anaheim

Housing

and

Public

Improvements

Authority,

California,

Revenue

Bonds,

Electric

Utility

Distribution

System

Refunding

Series

2025B

5.000

10/01/40

1,012,096

21,445,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023E,

(Mandatory

Put

9/01/32)

5.000

02/01/55

22,711,289

2,000,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024B,

(Mandatory

Put

12/01/32)

5.000

01/01/55

2,043,210

9,275,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024G,

(Mandatory

Put

8/01/32)

5.000

11/01/55

9,466,725

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

4

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

9,500,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025D,

(Mandatory

Put

7/01/34)

5.000

%

10/01/55

$

9,596,098

2,630,000

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Creekwood,

Series

2021A

4.000

02/01/56

1,673,052

25,260,000

(c)

California

Community

Housing

Agency,

California,

Essential

Housing

Revenue

Bonds,

Serenity

at

Larkspur

Apartments,

Series

2020A

5.000

02/01/50

19,980,660

5,000,000

California

Health

Facilities

Financing

Authority,

California,

Revenue

Bonds,

Sutter

Health,

Refunding

Series

2016B

5.000

11/15/46

5,015,456

9,810,000

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Adventist

Health

System/West,

Series

2025A

5.000

12/01/32

10,719,320

1,335,000

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Adventist

Health

System/West,

Series

2025A

5.000

12/01/35

1,475,767

1,670,000

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Children's

Hospital

Los

Angeles,

Series

2017A

5.000

08/15/42

1,607,417

485,000

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Series

2014B

5.000

10/01/44

485,288

2,120,000

California

Infrastructure

and

Economic

Development

Bank,

Lease

Revenue

Bonds,

California

State

Teachers

Retirement

System

Headquarters

Expansion,

Green

Bond-Climate

Bond

Certified

Series

2019

5.000

08/01/44

2,204,768

2,200,000

(c)

California

Municipal

Finance

Authority,

Charter

School

Lease

Revenue

Bonds,

Nova

Academy

Project,

Series

2016A

5.000

06/15/36

2,172,870

1,000,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Biola

University,

Refunding

Series

2017

5.000

10/01/31

1,021,823

14,185,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Eisenhower

Medical

Center,

Refunding

Series

2017A

5.000

07/01/42

14,252,883

1,000,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Eisenhower

Medical

Center,

Refunding

Series

2017A

5.000

07/01/47

991,209

14,000,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Linxs

APM

Project,

Senior

Lien

Series

2018A,

(AMT)

5.000

12/31/37

14,279,845

27,110,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Linxs

APM

Project,

Senior

Lien

Series

2018A,

(AMT)

5.000

12/31/38

27,599,715

1,000,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

NorthBay

Healthcare

Group,

Series

2017A

5.000

11/01/30

1,005,809

1,040,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

NorthBay

Healthcare

Group,

Series

2017A

5.250

11/01/31

1,047,089

10,625,000

California

Municipal

Finance

Authority,

Reveue

Bonds,

Community

Medical

Centers,

Series

2017A

5.000

02/01/42

10,672,608

8,835,000

(c)

California

Pollution

Control

Financing

Authority,

Water

Furnishing

Revenue

Bonds,

Poseidon

Resources

Channelside

LP

Desalination

Project,

Series

2012,

(AMT)

5.000

07/01/30

8,862,521

14,225,000

(c)

California

Pollution

Control

Financing

Authority,

Water

Furnishing

Revenue

Bonds,

Poseidon

Resources

Channelside

LP

Desalination

Project,

Series

2012,

(AMT)

5.000

07/01/37

14,245,842

1,450,000

California

Public

Finance

Authority,

Revenue

Bonds,

Henry

Mayo

Newhall

Hospital,

Series

2017

5.000

10/15/37

1,453,576

415,000

(c)

California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

Enso

Village,

Refunding

Green

Series

2021A

5.000

11/15/46

383,982

810,000

(c)

California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

Enso

Village,

Refunding

Green

Series

2021A

5.000

11/15/51

716,689

1,805,000

California

Public

Finance

Authority,

Senior

Living

Revenue

Bonds,

The

James,

Senior

Series

2024A

6.375

06/01/59

1,642,662

1,000,000

(c)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Alliance

for

College-Ready

Public

Schools

Projects

Series

2024

5.000

07/01/49

1,001,785

2,000,000

(c)

California

School

Finance

Authority,

Charter

School

Revenue

Bonds,

Alliance

for

College-Ready

Public

Schools

Projects

Series

2024

5.000

07/01/59

1,945,741

525,000

(c)

California

School

Finance

Authority,

School

Facility

Revenue

Bonds,

Granada

Hills

Charter

High

School

Obligated

Group,

Series

2024A

5.000

07/01/54

482,835

5

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

1,000,000

(c)

California

School

Finance

Authority,

School

Facility

Revenue

Bonds,

Granada

Hills

Charter

High

School

Obligated

Group,

Series

2024A

5.000

%

07/01/64

$

906,999

1,515,000

California

State

Public

Works

Board,

Lease

Revenue

Bonds,

Various

Capital

Projects,

Series

2025C

5.000

11/01/46

1,617,648

11,230,000

California

State,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

2026

5.000

10/01/39

12,137,011

3,195,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025

5.000

08/01/45

3,450,486

1,425,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2025

5.000

08/01/39

1,595,650

4,490,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2025

5.000

08/01/42

4,970,917

4,105,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2025

5.000

08/01/43

4,515,404

1,000,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2025

5.000

08/01/44

1,091,076

2,245,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2025

5.000

08/01/45

2,424,520

10,885,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5.000

10/01/43

12,038,161

11,210,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5.000

10/01/44

12,291,603

7,685,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5.000

10/01/45

8,335,837

3,200,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5.000

10/01/46

3,443,579

5,000,000

California

Statewide

Communities

Development

Authority,

Student

Housing

Revenue

Bonds,

University

of

California,

Irvine

East

Campus

Apartments,

Phase

IV-A

CHF-Irvine,

LLC,

Series

2017

5.000

05/15/47

5,005,795

1,750,000

California

Statewide

Communities

Development

Authority,

Student

Housing

Revenue

Bonds,

University

of

California,

Irvine

East

Campus

Apartments,

Phase

IV-A

CHF-Irvine,

LLC,

Series

2017

5.000

05/15/50

1,740,867

3,800,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Center

City

Anaheim,

Series

2020A

5.000

01/01/54

3,283,076

23,265,000

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Subordinate

Lien

Series

2018C,

(AMT)

5.000

05/15/44

23,400,598

3,125,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025D

5.000

07/01/40

3,394,828

7,190,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025D

5.000

07/01/41

7,756,835

6,250,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025D

5.000

07/01/42

6,701,024

5,000,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025D

5.000

07/01/43

5,326,741

5,625,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025D

5.000

07/01/44

5,953,562

6,230,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025D

5.000

07/01/45

6,546,982

6,500,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025D

5.000

07/01/46

6,790,292

2,610,000

Los

Angeles

Department

of

Water

and

Power,

California,

Water

System

Revenue

Bonds,

Series

2025C

5.000

07/01/43

2,780,559

2,450,000

Los

Angeles

Department

of

Water

and

Power,

California,

Water

System

Revenue

Bonds,

Series

2025C

5.000

07/01/45

2,574,656

24,715,000

Los

Angeles

Municipal

Improvement

Corporation,

California,

Lease

Revenue

Bonds,

Convention

Center,

Series

2025A

5.000

05/01/47

25,845,338

6,640,000

Los

Angeles

Municipal

Improvement

Corporation,

California,

Lease

Revenue

Bonds,

Convention

Center,

Series

2025A

5.250

05/01/50

7,002,591

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

6

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

2,800,000

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009A

7.000

%

11/01/34

$

3,314,522

2,500,000

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009A

6.500

11/01/39

2,965,966

4,460,000

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009B

7.000

11/01/34

5,279,559

1,500,000

Newman-Crows

Landing

Unified

School

District,

Stanislaus

County,

California,

General

Obligation

Bonds,

2024

Election

Measure

S,

Series

2025A

5.000

08/01/50

1,563,707

2,250,000

Newman-Crows

Landing

Unified

School

District,

Stanislaus

County,

California,

General

Obligation

Bonds,

2024

Election

Measure

T,

Series

2025A

5.000

08/01/50

2,345,561

1,950,000

Oakland,

California,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

07/15/38

2,205,534

400,000

Oakland,

California,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

07/15/39

449,510

5,000,000

Peralta

Community

College

District,

Alameda

County,

California,

General

Obligation,

Election

of

2018

,

Series

2025C-1

5.000

08/01/50

5,220,612

13,685,000

Peralta

Community

College

District,

Alameda

County,

California,

General

Obligation,

Election

of

2018

,

Series

2025C-1

5.000

08/01/54

14,172,705

5,500,000

Poway

Unified

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

School

Facilities

Improvement

District

2007-1,

Series

2011A

0.000

08/01/41

2,950,798

400,000

Ravenswood

City

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

2022

Series

2025B

0.000

08/01/39

229,554

750,000

Ravenswood

City

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

2022

Series

2025B

0.000

08/01/40

406,664

1,000,000

Ravenswood

City

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

2022

Series

2025B

0.000

08/01/43

454,794

1,000,000

Ravenswood

City

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

2022

Series

2025B

0.000

08/01/44

427,465

1,250,000

Ravenswood

City

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

2022

Series

2025B

0.000

08/01/45

501,955

3,400,000

Ravenswood

City

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

2022

Series

2025B

0.000

08/01/48

1,140,297

3,275,000

Ravenswood

City

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

2022

Series

2025B

0.000

08/01/50

981,510

15,000,000

(e)

Rialto

Unified

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

2010

Election

Series

2011A

-

AGM

Insured

0.000

08/01/41

18,882,706

21,750,000

Sacramento

City

Unified

School

District,

Sacramento

County,

California,

General

Obligation

Bonds,

Election

of

2024

Measure

D

Series

2025A

5.000

08/01/50

22,656,873

635,000

Sacramento,

California,

Special

Tax

Bonds,

Community

Facilities

District

05-1

College

Square,

Series

2007

5.900

09/01/37

640,273

6,500,000

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

Subordinate

Series

2017A,

(AMT)

5.000

07/01/42

6,550,762

3,020,000

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

Subordinate

Series

2017A,

(AMT)

5.000

07/01/47

3,020,222

11,715,000

San

Francisco

Airports

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Second

Series

2016B,

(AMT)

5.000

05/01/46

11,715,416

5,000,000

San

Francisco

City

and

County

Public

Utilities

Commission,

California,

Wastewater

Revenue

Bonds,

Series

2013B

4.000

10/01/42

4,843,729

4,500,000

San

Francisco

City

and

County,

California,

Multifamily

Housing

Revenue

Bonds,

Sunnydale

Hope

SF

Block

9,

Series

2025B-1

5.000

02/01/46

4,609,919

4,735,000

(b)

San

Francisco

City

and

County,

California,

Multifamily

Housing

Revenue

Bonds,

Sunnydale

Hope

SF

Block

9,

Series

2025B-2,

(Mandatory

Put

8/01/28)

3.350

08/01/29

4,786,890

2,100,000

San

Joaquin

Hills

Transportation

Corridor

Agency,

Orange

County,

California,

Toll

Road

Revenue

Bonds,

Refunding

Junior

Lien

Series

2014B

5.250

01/15/44

2,101,030

7

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

1,000,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

T,

Series

2025C

-

BAM

Insured

5.000

%

08/01/47

$

1,061,838

985,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

U,

Series

2025C

-

BAM

Insured

5.000

08/01/47

1,045,910

3,395,000

San

Ysidro

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

2020

Election

Measure

U,

Series

2025C

-

BAM

Insured

5.000

08/01/48

3,585,496

3,300,000

Stockton

Unified

School

District,

San

Joaquin

County,

California,

General

Obligation

Bonds,

2022

Election,

Series

2025A

-

BAM

Insured

5.000

08/01/49

3,470,103

275,000

(c)

Temecula

Public

Financing

Authority,

California,

Special

Tax

Bonds,

Community

Facilities

District

16-01,

Series

2017

6.250

09/01/47

280,281

12,860,000

University

of

California,

General

Revenue

Bonds,

Series

2025CD

5.000

05/15/36

14,829,651

3,945,000

University

of

California,

General

Revenue

Bonds,

Series

2025CD

5.000

05/15/40

4,401,290

2,480,000

University

of

California,

General

Revenue

Bonds,

Series

2025CD

5.250

05/15/40

2,933,226

7,810,000

University

of

California,

General

Revenue

Bonds,

Series

2025CD

5.500

05/15/40

9,098,166

4,895,000

University

of

California,

General

Revenue

Bonds,

Series

2025CE

5.000

11/15/41

5,461,978

5,000,000

Victor

Valley

Union

High

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

20008

Election

Series

2009A

-

AGC

Insured

5.750

08/01/31

5,048,061

2,485,000

Westminster

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Series

2009-A1

-

AGC

Insured

0.000

08/01/26

2,462,350

1,405,000

Westminster

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Series

2009-A1

-

AGC

Insured

0.000

08/01/28

1,314,049

2,920,000

Westminster

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Series

2009-A1

-

AGC

Insured

0.000

08/01/29

2,646,841

TOTAL

CALIFORNIA

557,587,853

COLORADO

-

3.9%

1,000,000

(c)

Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2024

5.500

12/01/44

1,018,480

2,000,000

(c)

Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2024

5.750

12/01/54

1,973,616

499,000

Aviation

Station

North

Metropolitan

District

2,

Denver

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A

4.000

12/01/29

498,911

2,060,000

Aviation

Station

North

Metropolitan

District

2,

Denver

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A

5.000

12/01/39

2,066,096

1,350,000

Aviation

Station

North

Metropolitan

District

2,

Denver

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2019A

5.000

12/01/48

1,319,778

575,000

(c)

Bella

Mesa

Metropolitan

District,

Castle

Rock,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Convertible

Capital

Appreciation

Series

2020A-3

6.750

12/01/49

589,644

500,000

(f)

Broadway

Station

Metropolitan

District

2,

Denver

City

and

County,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Convertible

to

Unlimited

Series

2019A

5.125

12/01/48

350,859

1,000,000

Canyons

Metropolitan

District

5,

Douglas

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Subordinate

Refunding

Series

2024B

-

BAM

Insured

6.500

12/15/54

984,923

9,000,000

(c)

Centerra

Metropolitan

District

1,

Loveland,

Colorado,

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017

5.000

12/01/47

8,852,004

1,780,000

Colorado

Bridge

and

Tunnel

Enterprise,

Colorado,

Senior

Infrastructure

Revenue

Bonds,

Series

2025A

5.250

12/01/50

1,867,058

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

8

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

2,065,000

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Community

Leadership

Academy

Project,

Series

2008

6.500

%

07/01/38

$

2,067,505

3,040,000

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Community

Leadership

Academy,

Inc.

Second

Campus

Project,

Series

2013

7.350

08/01/43

3,045,227

6,680,000

(c)

Colorado

Educational

and

Cultural

Facilities

Authority,

Cultural

Facilities

Revenue

Bonds,

Stanley

Project,

Senior

Lien

Series

2025A-1

6.875

02/01/59

6,981,824

1,400,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Christian

Living

Neighborhoods

Project,

Refunding

Series

2016

5.000

01/01/37

1,400,771

2,550,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019B-1

4.000

08/01/39

2,473,224

1,315,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Covenant

Living

Communities

&

Services,

Series

2025A

5.125

12/01/45

1,341,572

1,750,000

Colorado

International

Center

Metropolitan

District

14,

Denver,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2018

5.875

12/01/46

1,750,337

1,000,000

Copper

Ridge

Metropolitan

District,

Colorado

Springs,

Colorado,

Tax

Increment

and

Sales

Tax

Supported

Revenue

Bonds,

Series

2019

5.000

12/01/39

1,001,064

1,000,000

Crowfoot

Valley

Ranch

Metropolitan

District

No.

2,  Douglas

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

Subordinate

Series

2024B

6.125

12/15/54

959,446

8,117,270

Dawson

Trails

Metropolitan

District

1,

Colorado,

In

The

Town

of

Castle

Rock,

Limited

Tax

General

Obligation

Capital

Appreciation

Turbo

Bonds,

Series

2024

0.000

12/01/31

5,298,451

2,955,000

Denver

Convention

Center

Hotel

Authority,

Colorado,

Revenue

Bonds,

Convention

Center

Hotel,

Refunding

Senior

Lien

Series

2016

5.000

12/01/28

2,982,385

5,005,000

Denver

Convention

Center

Hotel

Authority,

Colorado,

Revenue

Bonds,

Convention

Center

Hotel,

Refunding

Senior

Lien

Series

2016

5.000

12/01/33

5,037,020

20,000

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

2000B

-

NPFG

Insured

0.000

09/01/29

18,196

395,000

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

2000B

-

NPFG

Insured

0.000

09/01/30

347,641

20,000

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

2000B

-

NPFG

Insured

0.000

09/01/32

16,390

25,000

E-470

Public

Highway

Authority,

Colorado,

Senior

Revenue

Bonds,

Series

2000B

-

NPFG

Insured

0.000

09/01/33

19,683

9,890,000

E-470

Public

Highway

Authority,

Colorado,

Toll

Revenue

Bonds,

Series

2004A

-

NPFG

Insured

0.000

09/01/27

9,528,898

1,365,000

Foothills

Metropolitan

District,

Fort

Collins,

Colorado,

Special

Revenue

Bonds,

Series

2014

6.000

12/01/38

1,336,914

845,000

Green

Valley

Ranch

East

Metropolitan

District

6,

Adams

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-3

5.875

12/01/50

853,752

2,900,000

(c)

Hess

Ranch

Metropolitan

District

5,

Parker,

Colorado,

Special

Assessment

Revenue

Bonds,

Special

Improvement

District

2,

Series

2024

5.500

12/01/44

2,937,758

2,000,000

Hess

Ranch

Metropolitan

District

6,

Parker,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A-1

5.000

12/01/49

1,921,471

1,000,000

Independence

Metropolitan

District

3,

Elbert

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Special

Revenue

Refunding

and

Improvement

Series

2024A

5.375

12/01/54

987,000

1,735,000

Jefferson

Center

Metropolitan

District

1,

Arvada,

Jefferson

County,

Colorado,

Special

Revenue

Bonds,

Subordinate

Series

2020B

5.750

12/15/50

1,735,238

20,250,000

(f)

Painted

Prairie

Public

Improvement

Authority,

Aurora,

Colorado,

Special

Revenue

Bonds,

Series

2019

5.000

12/01/39

17,626,936

9

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

4,250,000

(c)

Prairie

Center

Metopolitan

District

No.

3,

In

the

City

of

Brighton,

Adams

County,

Colorado,

Limited

Property

Tax

Supported

Primary

Improvements

Revenue

Bonds,

Refunding

Series

2017A

5.000

%

12/15/41

$

4,252,140

760,000

Prairie

Center

Metropolitan

District

No.

3,

Brighton,

Colorado,

Special

Revenue

Bonds,

Park

and

Recreation

Improvements

Series

2018

5.125

12/15/42

754,989

500,000

Prairie

Center

Metropolitan

District

No.

3,

In

the

City

of

Brighton,

Adams

County,

Colorado,

Limited

Property

Tax

Supported

District

Improvements

Revenue

Bonds,

Refunding

Series

2024B

5.875

12/15/46

523,579

2,417,000

Prairie

Farm

Metropolitan

District,

In

the

City

of

Commerce

City,

Adams

County,

Colorado,

Limited

Tax

Convertible

to

Unlimited

Tax,

General

Obligation

Bonds,

Series

2018A

5.250

12/01/48

2,376,482

1,415,000

Public

Authority

for

Colorado

Energy,

Natural

Gas

Purchase

Revenue

Bonds,  Colorado

Springs

Utilities,

Series

2008

6.250

11/15/28

1,480,536

3,080,000

Public

Authority

for

Colorado

Energy,

Natural

Gas

Purchase

Revenue

Bonds,  Colorado

Springs

Utilities,

Series

2008

6.500

11/15/38

3,646,552

2,380,000

(c)

Pueblo

Urban

Renewal

Authority,

Colorado,

Tax

Increment

Revenue

Bonds,

EVRAZ

Project,

Series

2021A

4.750

12/01/45

2,270,665

3,555,000

(c)

Reagan

Ranch

Metropolitan

District

1,

Colorado

Springs,

Colorado,

General

Obligation

Bonds,

Limited

Tax

&

Special

Revenue,

Series

2025

6.125

12/01/54

3,484,228

2,600,000

Redtail

Ridge

Metropolitan

District,

City

of

Louisville,

Boulder

County,

Colorado,

General

Obligation

Limited

Tax

Capital

Appreciation

Turbo

Bonds,

Series

2025

0.000

12/01/32

1,654,690

3,157,711

(c)

Ridge

at

Johnstown

Metropolitan

District

8,

Larimer

County,

Colorado,

Special

Assessment

Revenue

Bonds,

Special

Improvement

District

1,

Series

2024

5.875

12/01/44

3,086,636

500,000

(c)

Settler's

Crossing

Metropolitan

District

1,

Lakewood,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2020A

5.000

12/01/40

500,754

1,000,000

(c),(e)

St.

Vrain

Lakes

Metropolitan

District

4,

Weld

County,

Colorado,

General

Obligation

Bonds,

Firestone

Convertible

Capital

Appreciation

Limited

Tax

Series

2024A

0.000

09/20/54

733,178

1,500,000

(c)

STC

Metropolitan

District

2,

Superior,

Boulder

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

Second

Lien

Series

2025A-2

6.250

12/01/55

1,500,089

2,621,000

Vauxmont

Metropolitan

District,

Arvada,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Convertible

to

Unlimited

Tax

Refunding

Subordinate

Series

2019

-

AGM

Insured

3.250

12/15/50

2,263,522

500,000

Velocity

Metropolitan

District

3,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2019

5.125

12/01/34

501,446

2,000,000

Velocity

Metropolitan

District

3,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2019

5.375

12/01/39

2,002,780

5,000,000

Velocity

Metropolitan

District

3,

In

the

City

of

Aurora,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2019

5.500

12/01/48

4,924,307

7,740,000

(c)

West

Globeville

Metropolitan

District

1,

Denver,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2024A-2

8.000

12/01/54

5,086,272

2,200,000

(c)

West

Globeville

Metropolitan

District

1,

Denver,

Colorado,

Special

Assessment

Revenue

Bonds,

Special

Improvement

District

1,

Series

2024

5.750

12/01/44

2,200,114

3,000,000

(c)

Windler

Public

Improvement

Authority,

Aurora,

Colorado,

Limited

Tax

Supported

Revenue

Bonds,

Series

2021A-1

4.125

12/01/51

2,253,122

TOTAL

COLORADO

136,686,153

CONNECTICUT

-

0.5%

2,500,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

4.000

07/01/36

2,471,244

5,630,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

4.000

07/01/38

5,421,913

5,000,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Trinity

Health

Credit

Group,

Series

2016CT

5.000

12/01/41

5,003,811

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

10

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CONNECTICUT

(continued)

$

2,500,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2020A

-

BAM

Insured

4.000

%

05/01/36

$

2,559,165

2,550,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2020A

-

BAM

Insured

4.000

05/01/39

2,572,297

TOTAL

CONNECTICUT

18,028,430

DELAWARE

-

0.6%

12,395,000

(b)

Delaware

Economic

Development

Authority,

Exempt

Facility

Revenue

Bonds,

NRG

Energy

Project,

Refunding

Series

2020A,

(Mandatory

Put

10/01/35)

4.000

10/01/45

12,205,189

8,500,000

Delaware

Health

Facilities

Authroity,

Revenue

Bonds,

Beebe

Medical

Center

Project,

Series

2018

5.000

06/01/43

8,549,643

970,000

(g)

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B,

(UB)

4.600

07/01/44

967,688

TOTAL

DELAWARE

21,722,520

DISTRICT

OF

COLUMBIA

-

1.0%

11,935,000

Delaware

State

Housing

Authority,

District

Of

Columbia,Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C.

5.000

10/01/37

13,340,030

1,320,000

District

of

Columbia,

General

Obligation

Bonds,

Series

2026A

5.000

06/01/42

1,450,638

5,170,000

District

of

Columbia,

Income

Tax

Secured

Revenue

Bonds,

Series

2019A

4.000

03/01/37

5,216,300

7,180,000

District

of

Columbia,

Washington,

D.C.,

Revenue

Bonds,

Latin

American

Montessori

Bilingual

Public

Charter

School,

Series

2020

5.000

06/01/50

6,469,763

1,500,000

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

improvement

Projects,

Refunding

&

Subordinate

Lien

Series

2019B

4.000

10/01/37

1,480,398

2,890,000

(g)

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

improvement

Projects,

Refunding

&

Subordinate

Lien

Series

2019B,

(UB)

4.000

10/01/53

2,388,489

3,745,000

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

improvement

Projects,

Second

Senior

Lien

Series

2009B

-

AGC

Insured

0.000

10/01/31

3,105,440

TOTAL

DISTRICT

OF

COLUMBIA

33,451,058

FLORIDA

-

6.6%

1,450,000

Atlantic

Beach,

Florida,

Healthcare

Facilities

Revenue

Refunding

Bonds,

Fleet

Landing

Project,

Series

2013A

5.000

11/15/28

1,451,560

610,000

Ave

Maria

Stewardship

Community

District,

Florida,

Capital

Improvement

Revenue

Bonds,

Phase

5

Master

Improvement

Project,

Series

2025

5.300

05/01/45

606,750

325,000

Boynton

Village

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Series

2007-A1

5.750

05/01/37

325,276

8,605,000

Broward

County,

Florida,

Port

Facilities

Revenue

Bonds,

Series

2019A

5.000

09/01/44

8,812,736

3,520,000

Broward

County,

Florida,

Port

Facilities

Revenue

Bonds,

Series

2019B,

(AMT)

4.000

09/01/38

3,496,384

245,000

(c)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

Franklin

Academy

Projects,

Series

2020

5.000

12/15/40

239,617

7,910,000

(c)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

Franklin

Academy

Projects,

Series

2020

5.000

12/15/50

7,045,110

3,470,000

(c)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

Franklin

Academy

Projects,

Series

2020

5.000

12/15/55

3,009,460

1,500,000

Capital

Trust

Agency,

Florida,

Multifamily

Housing

Revenue

Bonds,

The

Gardens

Apartments

Project,

Series

2015A

4.750

07/01/40

1,149,008

1,380,000

Capital

Trust

Agency,

Florida,

Multifamily

Housing

Revenue

Bonds,

The

Gardens

Apartments

Project,

Series

2015A

5.000

07/01/50

1,034,296

565,000

(c)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Renaissance

Charter

School

Project,

Series

2019A

5.000

06/15/39

548,613

11

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

610,000

(c)

Capital

Trust

Agency,

Florida,

Revenue

Bonds,

Renaissance

Charter

School

Project,

Series

2019A

5.000

%

06/15/49

$

546,582

2,290,000

(c)

Capital

Trust

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

Babcock

Neighborhood

School

Inc

Project,

Series

2024

5.125

08/15/39

2,272,964

300,000

Cityplace

Community

Development

District,

Florida,

Special

Assessement

and  Revenue

Bonds,

Refunding

Series

2012

5.000

05/01/26

300,401

1,255,000

Edgewater

West

Community

Development

District,

Osceola

County,

Florida,

Special

Assessment

Revenue

Bonds,

Assessment

Area

One

Series

2024

5.250

05/01/44

1,237,715

1,500,000

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Renaissance

Charter

School,

Inc.

Projects,

Series

2014A

6.125

06/15/44

1,500,496

5,820,000

(c),(d)

Florida

Development

Finance

Corporation,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Pro

USA,

Inc.

Project,

Series

2023,

(AMT)

4.500

07/01/32

5,796,777

20,050,000

(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT),

(Mandatory

Put

7/15/28)

12.000

07/15/32

4,157,765

6,100,000

(g)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024

-

AGM

Insured,

(AMT),

(UB)

5.000

07/01/44

5,936,130

8,230,000

(g)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT),

(UB)

5.250

07/01/53

7,994,539

25,125,000

(b),(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2025B,

(AMT),

(Mandatory

Put

6/15/26)

1.000

07/01/57

17,336,250

1,270,000

(c)

Florida

Development

Finance

Corporation,

Student

Housing

Revenue

Bonds,

SPP

-

Tampa

I

-

LLC

The

Henry

Project,

Series

2024A-1

5.000

06/01/44

1,258,064

6,500,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2026A

5.000

07/01/43

7,086,472

7,095,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2026A

5.000

07/01/45

7,606,961

1,650,000

Greater

Orlando

Aviation

Authority,

Florida,

Special

Purpose

Airport

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Project,

Series

2025,

(AMT)

5.250

11/01/34

1,722,768

3,750,000

Greater

Orlando

Aviation

Authority,

Florida,

Special

Purpose

Airport

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Project,

Series

2025,

(AMT)

5.250

11/01/35

3,886,725

1,330,000

Greater

Orlando

Aviation

Authority,

Florida,

Special

Purpose

Airport

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Project,

Series

2025,

(AMT)

5.500

11/01/37

1,386,623

1,040,000

Jacksonville,

Florida,

Health

Care

Facilities

Revenue

Bonds,

Brooks

Rehabilitation,

Series

2020

4.000

11/01/37

1,006,956

1,085,000

Jacksonville,

Florida,

Health

Care

Facilities

Revenue

Bonds,

Brooks

Rehabilitation,

Series

2020

4.000

11/01/38

1,037,258

1,650,000

Jacksonville,

Florida,

Health

Care

Facilities

Revenue

Bonds,

Brooks

Rehabilitation,

Series

2020

4.000

11/01/39

1,559,803

2,170,000

Jacksonville,

Florida,

Health

Care

Facilities

Revenue

Bonds,

Brooks

Rehabilitation,

Series

2020

4.000

11/01/40

2,026,150

250,000

Lee

County

Industrial

Development

Authority,

Florida,

Charter

School

Revenue

Bonds,

Lee

County

Community

Charter

Schools,

Series

2007A

5.250

06/15/27

250,140

740,000

(c)

Lee

County

Industrial

Development

Authority,

Florida,

Charter

School

Revenue

Bonds,

Lee

County

Community

Charter

Schools,

Series

2012A

5.500

06/15/32

740,514

1,375,000

(c)

Lee

County

Industrial

Development

Authority,

Florida,

Charter

School

Revenue

Bonds,

Lee

County

Community

Charter

Schools,

Series

2012A

5.750

06/15/42

1,375,093

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

12

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

2,375,000

Miami

Beach

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

City

Center/Historic

Convention

Village,

Refunding

Series

2025

5.000

%

02/01/42

$

2,507,458

5,025,000

Miami

Beach

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

City

Center/Historic

Convention

Village,

Refunding

Series

2025

5.000

02/01/43

5,272,841

2,205,000

Miami

Beach

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

City

Center/Historic

Convention

Village,

Refunding

Series

2025

5.000

02/01/44

2,295,997

6,275,000

Miami,

Florida,

Limited

Ad

Valorem

Tax

Bonds,

Forever

Infrastructure

Programs

Series

2024A

5.500

01/01/49

6,667,871

12,195,000

Miami-Dade

County,

Florida,

Aviation

Revenue

Bonds,

Refunding

Series

2015A

-

BAM

Insured,

(AMT)

5.000

10/01/38

12,203,718

2,870,000

Miami-Dade

County,

Florida,

Special

Obligation

Bonds,

Subordinate

Series

2009

-

BAM

Insured

0.000

10/01/37

1,854,424

10,000,000

Miami-Dade

County,

Florida,

Transit

System

Sales

Surtax

Revenue

Bonds,

Series

2022

5.000

07/01/45

10,412,156

295,000

(c)

Mirada

Community

Development

District,

Florida,

Capital

Improvement

Bonds,  Assessment

Area

3

Series

2024

4.750

05/01/31

297,391

250,000

(c)

Mirada

Community

Development

District,

Florida,

Capital

Improvement

Bonds,  Assessment

Area

3

Series

2024

5.625

05/01/44

252,011

575,000

(c)

Mirada

Community

Development

District,

Florida,

Capital

Improvement

Bonds,  Assessment

Area

3

Series

2024

6.000

05/01/55

571,851

1,950,000

Orlando,

Florida,

Contract

Tourist

Development

Tax

Payments

Revenue

Bonds,

Camping

World

Stadium,

Series

2025

5.250

11/01/41

2,171,559

2,400,000

Orlando,

Florida,

Contract

Tourist

Development

Tax

Payments

Revenue

Bonds,

Camping

World

Stadium,

Series

2025

5.250

11/01/42

2,655,764

2,460,000

Orlando,

Florida,

Contract

Tourist

Development

Tax

Payments

Revenue

Bonds,

Camping

World

Stadium,

Series

2025

5.250

11/01/43

2,704,443

1,935,000

Orlando,

Florida,

Contract

Tourist

Development

Tax

Payments

Revenue

Bonds,

Camping

World

Stadium,

Series

2025

5.250

11/01/44

2,109,890

3,000,000

Orlando,

Florida,

Contract

Tourist

Development

Tax

Payments

Revenue

Bonds,

Camping

World

Stadium,

Series

2025

5.250

11/01/45

3,239,954

5,095,000

Putnam

County

Development

Authority,

Florida,

Pollution

Control

Revenue

Bonds,

Seminole

Electric

Cooperatice,

Inc.

Project,

Refunding

Series

2018B

5.000

03/15/42

5,173,078

5,000,000

Sarasota

County

Public

Hospital

District,

Florida,

Hospital

Revenue

Bonds,

Sarasota

Memorial

Hospital

Project,

Series

2018

5.000

07/01/41

5,092,667

1,685,000

School

Board

of

Lee

County,

Florida,

Certificates

of

Participation,

Series

2023A

5.000

08/01/38

1,828,226

4,500,000

Seminole

County

Industrial

Development

Authority,

Florida,

Retirement

Facility

Revenue

Bonds,

Legacy

Pointe

At

UCF

Project,

Series

2019A

5.250

11/15/39

4,428,926

1,015,000

Seminole

County

Industrial

Development

Authority,

Florida,

Retirement

Facility

Revenue

Bonds,

Legacy

Pointe

At

UCF

Project,

Series

2019A

5.500

11/15/49

937,987

2,610,000

South

Broward

Hospital

District,

Florida,

Hospital

Revenue

Bonds,

South

Broward

Hospital

District

Obligated

Group,

Refunding

Series

2016A

4.000

05/01/44

2,383,428

4,525,000

South

Miami

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Baptist

Health

Systems

of

South

Florida

Obligated

Group,

Refunding

Series

2017

4.000

08/15/42

4,289,560

18,525,000

South

Miami

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Baptist

Health

Systems

of

South

Florida

Obligated

Group,

Refunding

Series

2017

5.000

08/15/42

18,790,941

2,965,000

South

Miami

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Baptist

Health

Systems

of

South

Florida

Obligated

Group,

Refunding

Series

2017

-

BAM

Insured

5.000

08/15/42

3,018,798

2,030,000

Southeast

Overtown/Park

West

Community

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

Series

2025A

5.000

03/01/37

2,192,233

1,200,000

Southeast

Overtown/Park

West

Community

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

Series

2025A

5.000

03/01/39

1,284,431

13

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

2,215,000

Southeast

Overtown/Park

West

Community

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

Series

2025A

5.000

%

03/01/40

$

2,350,384

1,000,000

Southeast

Overtown/Park

West

Community

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

Series

2025A

5.250

03/01/41

1,074,121

2,250,000

Southeast

Overtown/Park

West

Community

Redevelopment

Agency,

Florida,

Tax

Increment

Revenue

Bonds,

Series

2025A

5.250

03/01/42

2,404,133

2,635,000

(c)

Tolomato

Community

Development

District,

Florida,

Special

Assessment

Bonds,

Refunding

Series

2022A

-

AGM

Insured

4.000

05/01/40

2,556,282

13,000,000

Volusia

County

Educational

Facilities

Authority,

Florida,

Revenue

Bonds,

Stetson

University

Inc.

Project,

Series

2015

5.000

06/01/40

12,999,845

TOTAL

FLORIDA

231,764,324

GEORGIA

-

1.5%

3,785,000

Atlanta

Development

Authority,

Georgia,

Economic

Development

Certificates,

Gulch

Enterprise

Zone

Project,

Convertible

Capital

Appreciation

Series

2024A-1

Class

A

6.500

12/15/48

3,418,901

1,650,000

(c)

Atlanta

Development

Authority,

Georgia,

Revenue

Bonds,

Westside

Gulch

Area

Project,

Senior

Series

2024A-2

5.500

04/01/39

1,685,184

2,500,000

(f)

Atlanta

Development

Authority,

Georgia,

Senior

Health

Care

Facilities

Revenue

Bonds,

Georgia

Proton

Treatment

Center

Project,

Current

Interest

Series

2017A-1

6.750

01/01/35

1,125,000

1,000,000

(f)

Atlanta

Development

Authority,

Georgia,

Senior

Health

Care

Facilities

Revenue

Bonds,

Georgia

Proton

Treatment

Center

Project,

Current

Interest

Series

2017A-1

7.000

01/01/40

450,000

7,300,000

Columbia

County

School

District,

Georgia,

General

Obligation

Bonds,

Series

2026

5.000

10/01/38

8,219,499

4,835,000

Fayette

County

Development

Authority,

Georgia,

Revenue

Bonds,

United

States

Soccer

Federation,

Inc.

Project

Series

2024

5.250

10/01/49

4,907,102

5,500,000

Griffin-Spalding

County

Hospital

Authority,

Georgia,

Revenue

Anticipation

Certificates,

Wellstar

Health

System

Inc.,

Series

2017A

4.000

04/01/42

5,155,297

1,000,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Project

Revenue

Bonds,

Series

2007A

5.500

09/15/28

1,049,543

17,600,000

(b),(c)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022C,

(Mandatory

Put

11/01/27)

4.000

08/01/52

17,565,011

4,500,000

Savannah

Hospital

Authority,

Georgia,

Revenue

Bonds,

Saint

Joseph's/Candler

Health

System,

Inc.,

Anticipation

Certificate

Series

2019A

4.000

07/01/39

4,305,812

615,000

Savannah-Georgia

Convention

Center

Authority,

Convention

Center

Hotel

First

Tier

Revenue

Bonds,

Series

2025A

5.250

06/01/40

649,578

2,735,000

(c)

Savannah-Georgia

Convention

Center

Authority,

Convention

Center

Hotel

Second

Tier

Revenue

Bonds,

Series

2025B

6.000

06/01/50

2,665,710

1,000,000

(c)

Savannah-Georgia

Convention

Center

Authority,

Convention

Center

Hotel

Second

Tier

Revenue

Bonds,

Series

2025B

6.250

06/01/61

989,885

TOTAL

GEORGIA

52,186,522

GUAM

-

0.2%

1,250,000

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2025G

5.250

01/01/37

1,365,200

1,000,000

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2025G

5.250

01/01/39

1,077,917

750,000

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2025G

5.250

01/01/40

803,803

1,055,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,

Series

2025A

5.250

07/01/41

1,126,724

1,000,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,

Series

2025A

5.500

07/01/45

1,063,145

TOTAL

GUAM

5,436,789

HAWAII

-

0.0%

1,400,000

(c)

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaii

Pacific

University

Project,

Refunding

Series

2024

5.000

07/01/34

1,423,028

TOTAL

HAWAII

1,423,028

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

14

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

IDAHO

-

0.4%

$

303,000

(c)

Eagle

Avimor

Community

Infrastructure

District

1,

Ada,

Boise,

and

Gem

Counties,

Idaho,

Special

Assessment

Revenue

Bonds,

Assessment

Area

5

Series

2024

5.875

%

09/01/53

$

306,822

1,000,000

(c)

Eagle

Avimor

Community

Infrastructure

District

1,

Ada,

Boise,

and

Gem

Counties,

Idaho,

Special

Assessment

Revenue

Bonds,

Assessment

Area

6

Series

2024B

5.500

09/01/53

980,758

1,485,000

(c)

Idaho

Falls

Auditorium

District,

Idaho,

Certifications

of

Participation,  Annual

Appropriation

Series

2021

5.250

05/15/51

1,427,739

4,200,000

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Saint

Luke's

Health

System

Project,

Series

2018A

5.000

03/01/36

4,365,148

1,290,000

Idaho

Housing

and

Finance

Association,

Grant

and

Revenue

Anticipation

Bonds,

Federal

Highway

Trust

Funds,

Series

2021A

4.000

07/15/38

1,292,423

2,000,000

(c)

Idaho

Housing

and

Finance

Association,

Nonprofit

Facilities

Revenue

Bonds,

Idaho

Arts

Charter

School,

Inc.

Project,

Refunding

Series

2016A

5.000

12/01/38

1,992,536

2,500,000

(c)

Idaho

Housing

and

Finance

Association,

Nonprofit

Facilities

Revenue

Bonds,

The

College

of

Idaho

Project,

Series

2023

5.625

11/01/43

2,520,335

TOTAL

IDAHO

12,885,761

ILLINOIS

-

9.0%

6,350,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A

5.000

12/01/41

6,899,774

2,750,000

(g)

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A,

(UB)

5.000

12/01/41

2,988,091

4,950,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A

5.000

12/01/42

5,366,831

2,410,000

(g)

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A,

(UB)

5.000

12/01/42

2,612,942

1,375,000

(g)

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A,

(UB)

5.000

12/01/44

1,468,636

1,550,000

(g)

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A,

(UB)

5.000

12/01/45

1,643,439

325,000

(g)

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A,

(UB)

5.000

12/01/46

339,924

1,250,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2020A

5.000

12/01/45

1,275,085

2,220,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2020A

4.000

12/01/50

1,900,766

7,215,000

(g)

Chicago,

Illinois,

General

Obligation

Bonds,

Project

&

Refunding

Series

2017A,

(UB)

6.000

01/01/38

7,281,913

1,190,000

(g)

Chicago,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2016C,

(UB)

5.000

01/01/38

1,190,134

6,000,000

(g)

Chicago,

Illinois,

General

Obligation

Bonds,

Refunding

Series

2020A,

(UB)

5.000

01/01/30

6,220,418

3,210,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured,

(AMT)

5.000

01/01/31

3,463,954

1,310,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

5.000

01/01/33

1,431,400

450,000

Chicago,

Illinois,

Water

Revenue

Bonds,

Refunding

Second

Lien

Series

2023B

-

AGM

Insured

5.000

11/01/37

482,307

5,000,000

Illinois

Finance

Authority

Revenue

Bonds,

OSF

Healthcare

System,

Series

2018A

-

BAM

Insured

4.125

05/15/47

4,722,836

5,000

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health

Alliance,

Series

2016C

4.000

02/15/41

4,802

700,000

Illinois

Finance

Authority,

Revenue

Bonds,

Dominican

University,

Refunding

Series

2022

5.000

03/01/42

658,509

220,000

(c)

Illinois

Finance

Authority,

Revenue

Bonds,

Goodman

Theatre

Project,

Refunding

Series

2025A

5.125

10/01/35

223,146

855,000

(c)

Illinois

Finance

Authority,

Revenue

Bonds,

Goodman

Theatre

Project,

Refunding

Series

2025A

6.000

10/01/45

865,443

760,000

(c)

Illinois

Finance

Authority,

Revenue

Bonds,

Goodman

Theatre

Project,

Refunding

Series

2025A

6.125

10/01/50

761,385

10,810,000

Illinois

Finance

Authority,

Revenue

Bonds,

Mercy

Health

Corporation,

Series

2016

5.000

12/01/40

10,853,293

15

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

12,295,000

Illinois

Finance

Authority,

Revenue

Bonds,

Northshore

-

Edward-Elmhurst

Health

Credit

Group,

Series

2022A

5.000

%

08/15/47

$

12,431,467

10,715,000

Illinois

Finance

Authority,

Revenue

Bonds,

OSF

Healthcare

System,

Series

2015A

5.000

11/15/45

10,714,879

1,965,000

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2025A

5.000

08/15/40

2,086,672

1,720,000

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2025A

5.000

08/15/41

1,827,324

14,715,000

Illinois

Finance

Authority,

Revenue

Bonds,

The

University

of

Chicago

Medical

Center,

Series

2016B

4.000

08/15/41

13,878,910

8,725,000

Illinois

Finance

Authority,

Revenue

Bonds,

The

University

of

Chicago,

Series

2018A

5.000

10/01/48

8,752,945

450,000

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago,

Series

2024A

5.250

04/01/49

469,322

7,335,000

Illinois

Sports

Facility

Authority,

State

Tax

Supported

Bonds,

Refunding

Series

2014

-

AGM

Insured

5.250

06/15/31

7,457,390

10,105,000

Illinois

State,

General

Obligation

Bonds,

December

Series

2023C

5.000

12/01/47

10,139,757

4,725,000

Illinois

State,

General

Obligation

Bonds,

December

Series

2023C

5.000

12/01/48

4,719,686

3,725,000

Illinois

State,

General

Obligation

Bonds,

June

Series

2016

4.000

06/01/36

3,663,129

10,000,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2020

5.750

05/01/45

10,472,171

4,000,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

5.250

05/01/43

4,215,111

2,000,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

5.250

05/01/44

2,093,109

1,575,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

5.250

05/01/45

1,635,399

1,600,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

5.250

05/01/47

1,638,547

2,760,000

Illinois

State,

General

Obligation

Bonds,

May

Series

2024B

5.250

05/01/49

2,809,237

11,625,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5.000

11/01/27

12,012,154

3,000,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5.000

11/01/28

3,089,292

2,000,000

Illinois

State,

General

Obligation

Bonds,

Refunding

September

Series

2018A

5.000

10/01/28

2,100,032

27,690,000

Illinois

State,

General

Obligation

Bonds,

September

Series

2025D

5.000

09/01/37

29,761,600

6,570,000

Illinois

State,

General

Obligation

Bonds,

September

Series

2025D

5.000

09/01/39

6,976,563

10,000,000

Illinois

State,

General

Obligation

Bonds,

September

Series

2025E

5.000

09/01/44

10,279,519

6,010,000

Illinois

State,

General

Obligation

Bonds,

September

Series

2025E

5.000

09/01/45

6,121,754

14,185,000

Illinois

State,

General

Obligation

Bonds,

September

Series

2025F

5.250

09/01/46

14,639,980

13,140,000

Illinois

State,

General

Obligation

Bonds,

September

Series

2025F

5.250

09/01/48

13,403,533

4,000,000

Illinois

State,

Sales

Tax

Revenue

Bonds,

Build

Illinois,

Junior

Obligation

December

Series

2025C

5.000

06/15/41

4,256,369

20,120,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Refunding

Senior

Series

2025A

5.000

01/01/46

21,221,960

1,500,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2022A

4.000

12/15/42

1,415,239

10,000,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

2002A

-

AGM

Insured

0.000

12/15/35

6,886,999

23,065,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

2002A

-

NPFG

Insured

0.000

06/15/37

14,498,062

1,837,000

Plano,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

1

&

2

Lakewood

Springs

Project,

Refunding

Series

2014

-

AGM

Insured

5.000

03/01/34

1,839,065

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

16

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

3,045,000

Regional

Transportation

Authority,

Cook,

DuPage,

Kane,

Lake,

McHenry

and

Will

Counties,

Illinois,

General

Obligation

Bonds,

Series

2001A

-

FGIC

Insured

6.000

%

07/01/27

$

3,117,076

TOTAL

ILLINOIS

313,279,280

INDIANA

-

1.8%

2,000,000

(c)

Gary

Local

Public

Improvement

Bond

Bank,

Indiana,

Economic

Development

Revenue

Bonds,

Drexel

Foundation

for

Educational

Excellence

Project,

Refunding

Series

2020A

5.875

06/01/55

1,766,235

3,150,000

IIndiana

Finance

Authority,

Hospital

Revenue

Bonds,

Parkview

Health,

Series

2018A

5.000

11/01/43

3,208,601

825,000

(c)

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Circle

City

Preparatory

Inc.

Project,

Series

2021A

5.000

12/01/40

775,769

5,000,000

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Rose

Hulman

Institute

Of

Technology

Project,

Series

2018

4.000

06/01/44

4,683,358

1,640,000

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Valparaiso

University

Project,

Series

2014

5.000

10/01/39

1,520,720

2,745,000

(c)

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Victory

College

Prep

Project,

Series

2021A

4.500

12/01/55

2,122,123

800,000

Indiana

Finance

Authority,

Revenue

Bonds,

First

Lien

Thermal

Energy

System

Utility,

Citizens

Energy

Group

Project,

Series

2025A

5.000

10/01/32

884,673

780,000

Indiana

Finance

Authority,

Revenue

Bonds,

First

Lien

Thermal

Energy

System

Utility,

Citizens

Energy

Group

Project,

Series

2025A

5.000

10/01/33

866,497

800,000

Indiana

Finance

Authority,

Revenue

Bonds,

First

Lien

Thermal

Energy

System

Utility,

Citizens

Energy

Group

Project,

Series

2025A

5.000

10/01/34

893,329

10,325,000

Indiana

Finance

Authority,

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

First

Lien

Green

Series

2016A

5.000

10/01/41

10,379,054

4,880,000

Indiana

Finance

Authority,

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

First

Lien

Green

Series

2016A

5.000

10/01/46

4,891,158

3,385,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E

5.750

03/01/43

3,567,368

8,495,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E

6.000

03/01/53

8,745,844

1,815,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Senior

Series

2023E

6.125

03/01/57

1,878,247

3,080,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Subordinate

Series

2023F-1

-

BAM

Insured

5.000

03/01/53

3,148,100

3,225,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Subordinate

Series

2023F-1

-

BAM

Insured

5.000

03/01/58

3,279,299

3,000,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Revenue

Bonds,

Convention

Center

Hotel

Subordinate

Series

2023F-1

-

BAM

Insured

5.250

03/01/67

3,078,315

8,435,000

(b)

Whiting,

Indiana,

Environmental

Facilities

Revenue

Bonds,

BP

Products

North

America

Inc.

Project,

Series

2015,

(AMT),

(Mandatory

Put

6/10/31)

4.400

11/01/45

8,782,178

TOTAL

INDIANA

64,470,868

IOWA

-

1.0%

2,000,000

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Alcoa

Inc.

Project,

Series

2012

4.750

08/01/42

2,000,152

25,575,000

(b),(h)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32),

(Mandatory

Put

12/01/42)

5.000

12/01/50

28,824,184

200,000

Iowa

Finance

Authority,

Revenue

Bonds,

Lifespace

Communities,

Inc.,

Series

2024A

5.000

05/15/39

205,362

245,000

Iowa

Finance

Authority,

Revenue

Bonds,

Lifespace

Communities,

Inc.,

Series

2024A

5.000

05/15/44

244,285

17

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

IOWA

(continued)

$

3,395,000

Iowa

Finance

Authority,

Revenue

Bonds,

Lifespace

Communities,

Inc.,

Series

2024A

5.000

%

05/15/49

$

3,170,852

TOTAL

IOWA

34,444,835

KANSAS

-

1.7%

1,500,000

Hutchinson,

Kansas,

Hospital

Facilities

Revenue

Bonds,

Hutchinson

Regional

Medical

Center,

Inc.,

Series

2016

5.000

12/01/36

1,418,871

1,320,000

Hutchinson,

Kansas,

Hospital

Facilities

Revenue

Bonds,

Hutchinson

Regional

Medical

Center,

Inc.,

Series

2016

5.000

12/01/41

1,168,322

8,505,000

Kansas

Development

Finance

Authority,

Kansas,

Revenue

Bonds,

Kansas

Department

of

Health

&

Environment,

Revolving

Funds

Series

2026SRF

5.000

05/01/39

9,568,945

15,280,000

Kansas

Development

Finance

Authority,

Kansas,

Revenue

Bonds,

Kansas

Department

of

Health

&

Environment,

Revolving

Funds

Series

2026SRF

5.000

05/01/42

16,876,647

15,735,000

Kansas

Development

Finance

Authority,

Kansas,

Revenue

Bonds,

Kansas

Department

of

Health

&

Environment,

Revolving

Funds

Series

2026SRF

5.000

05/01/43

17,274,097

11,860,000

Kansas

Development

Finance

Authority,

Kansas,

Revenue

Bonds,

Kansas

Department

of

Health

&

Environment,

Revolving

Funds

Series

2026SRF

5.000

05/01/45

12,799,175

1,250,000

Wichita,

Kansas,

Health

Care

Facilities

Revenue

Bonds,

Presbyterian

Manors,

Series

2024VIII

5.750

05/15/45

1,237,260

TOTAL

KANSAS

60,343,317

KENTUCKY

-

1.6%

6,675,000

Carroll

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Refunding

Series

2006B,

(AMT)

2.125

10/01/34

5,562,431

2,545,000

Kentucky

Bond

Development

Corporation,

Transient

Room

Tax

Revenue

Bonds,

Lexington

Center

Corporation

Project,

Series

2018A

5.000

09/01/43

2,575,418

2,600,000

Kentucky

Bond

Development

Corporation,

Transient

Room

Tax

Revenue

Bonds,

Lexington

Center

Corporation

Project,

Series

2018A

5.000

09/01/48

2,583,351

6,565,000

Kentucky

Economic

Development

Finance

Authority,

Louisville

Arena

Project

Revenue

Bonds,

Louisville

Arena

Authority,

Inc.,

Series

2017A

-

AGM

Insured

5.000

12/01/45

6,613,288

8,500,000

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-2

5.000

08/01/44

8,634,413

640,000

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

Next

Generation

Kentucky

Information

Highway

Project,

Senior

Series

2015A

5.000

07/01/26

640,940

2,100,000

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

Next

Generation

Kentucky

Information

Highway

Project,

Senior

Series

2015A

5.000

07/01/33

2,102,307

5,655,000

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

Next

Generation

Kentucky

Information

Highway

Project,

Senior

Series

2015A

5.000

07/01/37

5,659,478

6,455,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

133,

Series

2025A

5.000

09/01/44

6,920,719

3,100,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

133,

Series

2025A

5.000

09/01/45

3,292,170

3,885,000

Louisville/Jefferson

County

Metro

Government,

Kentucky,

Health

System

Revenue

Bonds,

Norton

Healthcare

Inc,

Series

2016A

5.000

10/01/30

3,919,997

1,850,000

Louisville/Jefferson

County

Metro

Government,

Kentucky,

Health

System

Revenue

Bonds,

Norton

Healthcare

Inc,

Series

2016A

5.000

10/01/31

1,865,479

5,415,000

Louisville/Jefferson

County

Metro

Government,

Kentucky,

Health

System

Revenue

Bonds,

Norton

Healthcare,

Inc.,

Series

2020A

-

BAM

Insured

3.000

10/01/43

4,440,866

TOTAL

KENTUCKY

54,810,857

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

18

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LOUISIANA

-

0.1%

$

1,600,000

(c)

Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Lake

Charles

Charter

Academy

Foundation

Project,

Refunding

Series

2024A

5.000

%

12/15/34

$

1,633,613

1,100,000

(c)

Plaquemines

Port,

Louisiana,

Harbor

and

Terminal

District

Facilities

Revenue

Bonds

NOLA

Terminal

LLC

Project

Dock

and

Wharf

Series

2024A

9.000

12/01/44

954,855

500,000

(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010

6.350

07/01/40

541,025

1,650,000

(b)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017A-3,

(Mandatory

Put

7/01/26)

2.200

06/01/37

1,647,461

TOTAL

LOUISIANA

4,776,954

MAINE

-

0.3%

4,690,000

Maine

Health

and

Higher

Educational

Facilities

Authority

Revenue

Bonds,

Eastern

Maine

Medical

Center

Obligated

Group

Issue,

Series

2016A

5.000

07/01/46

4,295,015

4,970,000

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

MaineHealth

Issue,

Series

2020A

4.000

07/01/45

4,587,911

1,420,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2021C

2.300

11/15/46

993,409

TOTAL

MAINE

9,876,335

MARYLAND

-

0.6%

10,000,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5.000

09/01/39

10,004,159

665,000

(c)

Frederick

County,

Maryland,

Tax

Increment

and

Special

Tax

Limited

Obligation

Bonds,

Jefferson

Technology

Park

Project,

Refunding

Series

2020B

4.625

07/01/43

656,678

5,780,000

(b)

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

MedStar

Health

Issue,

Series

2026B,

(Mandatory

Put

8/15/36)

5.000

08/15/56

6,372,133

1,110,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

MedStar

Health

Issue,

Series

2026C

5.000

08/15/41

1,202,808

1,110,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

MedStar

Health

Issue,

Series

2026C

5.000

08/15/42

1,196,176

TOTAL

MARYLAND

19,431,954

MASSACHUSETTS

-

1.8%

8,000,000

Massachusetts

Bay

Transportation

Authority,

Sales

Tax

Revenue

Bonds,

Senior

Series

2024A

5.000

07/01/46

8,467,009

3,613,640

(c),(f)

Massachusetts

Development

Finance

Agency,

Health

Care

Facility

Revenue

Bonds,

Adventcare

Project,

Series

2007A

6.750

10/15/37

36

1,000,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Green

Bonds,

Series

2015D

5.000

07/01/44

1,000,261

1,200,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Series

2016E

5.000

07/01/35

1,201,889

5,590,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Series

2016E

5.000

07/01/37

5,595,564

3,500,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Series

2023G

5.250

07/01/48

3,522,764

4,425,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center,

Green

Series

2017F

4.000

07/01/47

3,773,304

5,285,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5.000

07/01/37

5,413,270

5,000,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5.000

07/01/38

5,109,203

5,000,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5.000

07/01/43

5,059,910

1,735,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

UMass

Memorial

Health

Care

Obligated

Group

Issue,

Series

2025N-2

5.000

07/01/35

1,904,944

16,140,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

UMass

Memorial

Issue

Series

2025N-1

5.250

07/01/50

16,200,594

4,785,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Wellforce

Issue,

Series

2019A

5.000

07/01/39

4,804,300

19

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MASSACHUSETTS

(continued)

$

1,235,000

Massachusetts

State,

General

Obligation

Bonds,

Consolidated

Loan

Series

2025G

5.000

%

12/01/45

$

1,324,349

TOTAL

MASSACHUSETTS

63,377,397

MICHIGAN

-

2.1%

1,345,000

Great

Lakes

Water

Authority,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Second

Lien

Series

2025C

5.500

07/01/50

1,430,724

12,240,000

Great

Lakes

Water

Authority,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Senior

Lien

Series

2018A

5.000

07/01/48

12,371,821

2,285,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Second

Lien

Series

2025D

5.500

07/01/50

2,430,635

3,105,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Senior

Lien

Series

2023B

5.250

07/01/48

3,251,448

2,890,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Senior

Lien

Series

2025C

5.250

07/01/50

3,016,305

10,945,000

Huron

Valley

School

District,

Oakland

and

Livingston

Counties,

Michigan,

General

Obligation

Bonds,

School

Building

&

Site

Series

2026-I

5.000

05/01/44

11,733,231

11,635,000

Huron

Valley

School

District,

Oakland

and

Livingston

Counties,

Michigan,

General

Obligation

Bonds,

School

Building

&

Site

Series

2026-I

5.000

05/01/45

12,397,437

1,260,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5.000

07/01/38

1,383,593

1,000,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5.000

07/01/39

1,092,091

1,090,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5.000

07/01/40

1,185,660

1,800,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5.000

07/01/43

1,920,865

1,400,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5.000

07/01/44

1,485,145

2,360,000

Michigan

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Corewell

Health,

Series

2025A

5.000

08/15/43

2,494,639

2,545,000

Michigan

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Corewell

Health,

Series

2025A

5.000

08/15/44

2,674,795

1,115,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024A

4.100

12/01/39

1,099,441

2,725,000

(g)

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024A,

(UB)

4.500

12/01/44

2,712,108

1,250,000

Michigan

Public

Educational

Facilities

Authority,

Limited

Obligation

Revenue

Bonds,  Chandler

Park

Academy

Project,

Series

2008

6.500

11/01/35

1,250,673

4,000,000

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

I-75

Improvement

Project,

Series

2018,

(AMT)

5.000

12/31/43

4,018,886

1,550,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Series

2023B

-

AGM

Insured,

(AMT)

5.000

12/01/33

1,710,264

1,690,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Series

2023B

-

AGM

Insured,

(AMT)

5.500

12/01/41

1,849,740

1,365,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Series

2023B

-

AGM

Insured,

(AMT)

5.500

12/01/43

1,478,201

TOTAL

MICHIGAN

72,987,702

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

20

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MINNESOTA

-

1.9%

$

150,000

City

of

Ham

Lake,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

DaVinci

Academy

Project,Series

2016A

5.000

%

07/01/36

$

144,617

270,000

City

of

Ham

Lake,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

DaVinci

Academy

Project,Series

2016A

5.000

07/01/47

229,009

2,805,000

(c)

Dakota

County

Community

Development

Agency,

Minnesota,

Senior

Housing

Revenue

Bonds,

Walker

Highview

Hills

LLC

Project,

Refunding

Series

2016A

5.000

08/01/46

2,633,271

3,000,000

Duluth

Economic

Development

Authority,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2018A

4.250

02/15/48

2,678,818

3,295,000

Forest

Lake,

Minnesota

Charter

School

Lease

Revenue

Bonds,

North

Lakes

Academy,

Refunding

Series

2021A

5.000

07/01/41

3,052,751

11,160,000

Forest

Lake,

Minnesota

Charter

School

Lease

Revenue

Bonds,

North

Lakes

Academy,

Refunding

Series

2021A

5.000

07/01/56

9,130,010

7,860,000

Minneapolis-Saint

Paul

Metropolitan

Council,

Minnesota,

General

Obligation

Wastewater

Revenue

Bonds,

Refunding

Series

2026A

5.000

03/01/41

8,720,516

13,345,000

Minnesota

State,

General

Obligation

Bonds,

State

Trunk

Highway

Series

2024B

5.000

08/01/36

15,088,963

4,345,000

Minnesota

State,

General

Obligation

Bonds,

Various

Purpose

Series

2024A

5.000

08/01/44

4,685,686

235,000

Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Nova

Classical

Academy,

Series

2016A

4.125

09/01/47

199,408

1,580,000

Saint

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Health

Care

Facility

Revenue

Bonds,

HealthPartners

Obligated

Group,

Refunding

Series

2015A

4.000

07/01/35

1,578,435

16,825,000

(c)

Saint

Paul

Port

Authority,

Minnesota,

Solid

Waste

Disposal

Revenue

Bonds,

Gerdau

Saint

Paul

Steel

Mill

Project,

Series

2012-7,

(AMT)

4.500

10/01/37

16,197,069

725,000

(c)

Woodbury,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Math

and

Science

Academy

Building

Company,

Refunding

Series

2025A

5.250

06/01/45

694,298

3,305,000

(c)

Woodbury,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Math

and

Science

Academy,

Refunding

Series

2025

5.500

06/01/55

3,069,496

TOTAL

MINNESOTA

68,102,347

MISSISSIPPI

-

0.3%

4,500,000

Warren

County,

Mississippi,

Certificates

of

Participation,

Lease

Purchase

Jail

Project

Series

2023

-

BAM

Insured

6.000

09/01/48

4,845,050

6,200,000

Warren

County,

Mississippi,

Certificates

of

Participation,

Lease

Purchase

Jail

Project

Series

2023

-

BAM

Insured

6.000

09/01/53

6,598,854

TOTAL

MISSISSIPPI

11,443,904

MISSOURI

-

1.4%

3,185,000

Bi-State

Development

Agency,

Missouri,

Bi-State

MetroLink

District,

St

Clair

County

Metrolink

Extension

Project

Bonds,

Refunding

Series

2006

-

AGM

Insured

5.250

07/01/27

3,284,880

2,500,000

(c)

Missouri

Development

Finance

Board,

Tax

Increment

and

Special

District

Revenue

Bonds,

Lakeport

Village

Project,

Series

2025A

6.750

06/15/55

2,415,917

2,000,000

Missouri

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Children's

Mercy

Hospital,

Series

2016

4.000

05/15/39

1,990,357

15,100,000

Missouri

Joint

Municipal

Electric

Utility

Commission,

Power

Project

Revenue

Bonds,

Plum

Point

Project,

Refunding

Series

2015A

4.000

01/01/35

15,102,287

5,000,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Series

2010A

-

AGC

Insured

0.000

07/15/31

4,163,790

7,000,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Series

2010A

-

AGC

Insured

0.000

07/15/32

5,595,008

6,250,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Series

2010A

-

AGC

Insured

0.000

07/15/33

4,777,980

21

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MISSOURI

(continued)

$

7,000,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Series

2010A

-

AGC

Insured

0.000

%

07/15/34

$

5,107,594

6,000,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Series

2010A

-

AGC

Insured

0.000

07/15/35

4,178,145

2,000,000

Saint

Louis

Municipal

Finance

Corporation,

Missouri,

Leasehold

Revenue

Bonds,

Convention

Center,

Series

2010A

-

AGC

Insured

0.000

07/15/36

1,324,944

1,288,000

Saint

Louis,

Missouri,

Tax

Increment

Financing

Revenue

Bonds,

Fashion

Square

Redevelopment

Project,

Series

2008A

6.300

08/22/26

270,480

1,259,000

Saint

Louis,

Missouri,

Tax

Increment

Financing

Revenue

Notes,

Marquette

Building

Redevelopment

Project,

Series

2008-A

6.500

01/23/28

440,650

TOTAL

MISSOURI

48,652,032

MONTANA

-

0.1%

1,910,000

Montana

Facility

Finance

Authority,

Healthcare

Facility

Revenue

Bonds,

Kalispell

Regional

Medical

Center,

Series

2018B

5.000

07/01/43

1,942,301

TOTAL

MONTANA

1,942,301

NEBRASKA

-

1.3%

38,040,000

Boys

Town

Village,

Nebraska,

Revenue

Bonds,

Boys

Town

Project

Series

2026

5.000

07/01/46

39,184,760

6,500,000

(g)

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2024C,

(UB)

4.550

09/01/44

6,488,414

TOTAL

NEBRASKA

45,673,174

NEVADA

-

1.7%

1,150,000

Carson

City,

Nevada,

Hospital

Revenue

Bonds,

Carson

Tahoe

Regional

Healthcare

Project,

Series

2017A

5.000

09/01/47

1,122,208

1,000,000

Clark

County

School

District,

Nevada,

General

Obligation

Bonds,

Refunding

Limited

Tax

Building

Series

2026A

5.000

06/15/38

1,118,715

1,000,000

Clark

County

School

District,

Nevada,

General

Obligation

Bonds,

Refunding

Limited

Tax

Building

Series

2026A

5.000

06/15/39

1,108,235

9,975,000

Clark

County

School

District,

Nevada,

General

Obligation

Bonds,

Refunding

Limited

Tax

Building

Series

2026A

5.000

06/15/42

10,850,843

6,400,000

Clark

County

School

District,

Nevada,

General

Obligation

Bonds,

Refunding

Limited

Tax

Building

Series

2026A

5.000

06/15/43

6,914,007

4,359,392

(c),(f)

Director

of

Nevada

State

Department

of

Business

&

Industry,

Environmental

Improvement

Revenue

Bonds,

Fulcrum

Sierra

Holdings

LLC,

Green

Series

2019,

(AMT)

5.750

02/15/38

44

12,040,000

Nevada

State,

General

Obligation

Bonds,

Limited

Tax

Capital

Improvement,

Historic

Preservation

&

Open

Space

Series

2026A

5.000

05/01/40

13,379,839

13,585,000

Nevada

State,

General

Obligation

Bonds,

Limited

Tax

Capital

Improvement,

Historic

Preservation

&

Open

Space

Series

2026A

5.000

05/01/41

15,007,394

8,000,000

Nevada

State,

General

Obligation

Bonds,

Limited

Tax

Capital

Improvement,

Historic

Preservation

&

Open

Space

Series

2026A

5.000

05/01/42

8,781,159

TOTAL

NEVADA

58,282,444

NEW

HAMPSHIRE

-

0.9%

1,550,000

(c)

National

Finance

Authority

Special

Revenue

Capital

Appreciation

Bonds,New

Hampshire,

The

Astro

Sunterra

Projects,

Waller

County,

Texas

Municipal

Utility

Districts,

Series

2026.

0.000

12/15/34

877,503

4,352,767

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Social

Series

2023-2

Class

A

3.875

01/20/38

4,169,871

4,340,000

(c)

National

Finance

Authority,

New

Hampshire,

Resource

Recovery

Revenue

Bonds,

Covanta

Project,

Refunding

Series

2018B

4.625

11/01/42

3,767,002

10,265,000

(c)

National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

Bridgeland

Water

&

Utility

Districts

418,489,492,493,157

&

159,

Series

2025

5.875

12/15/33

10,132,709

2,500,000

(c)

National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

Tamarron

Project,

Fort

Bend

County,

Texas,

Series

2024

5.250

12/01/35

2,485,899

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

22

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

HAMPSHIRE

(continued)

$

12,000,000

(c)

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Covenant

Health

Group

Series

2023

4.000

%

07/01/37

$

10,898,393

TOTAL

NEW

HAMPSHIRE

32,331,377

NEW

JERSEY

-

1.9%

9,090,000

(h)

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2016AAA,

(Pre-refunded

12/15/26)

5.500

06/15/29

9,287,168

2,255,000

New

Jersey

Economic

Development

Authority,

Special

Facilities

Revenue

Bonds,

Continental

Airlines

Inc.,

Series

2000A

&

2000B,

(AMT)

5.625

11/15/30

2,258,162

1,000,000

New

Jersey

Educational

Facilities

Authority,

Revenue

Bonds,

Higher

Education

Capital

Improvement

Fund

Series

2023A

5.000

09/01/37

1,092,940

1,825,000

New

Jersey

Educational

Facilities

Authority,

Revenue

Bonds,

Higher

Education

Capital

Improvement

Fund

Series

2023A

5.000

09/01/39

1,974,128

1,250,000

New

Jersey

Health

Care

Facilities

Authority,

Revenue

Bonds,

Atlanticare

Health

System

Obligated

Group

Issue,

Series

2021

-

BAM

Insured

3.000

07/01/38

1,155,602

4,110,000

New

Jersey

Health

Care

Facilities

Authority,

Revenue

Bonds,

Atlanticare

Health

System

Obligated

Group

Issue,

Series

2021

-

BAM

Insured

3.000

07/01/41

3,644,692

10,500,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2008A

0.000

12/15/37

6,602,090

3,000,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2008A

0.000

12/15/38

1,781,751

32,400,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2009A

0.000

12/15/39

18,267,697

4,500,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2015AA

5.250

06/15/41

4,503,759

3,955,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019AA

5.250

06/15/43

4,087,049

4,000,000

(h)

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019BB,

(Pre-refunded

12/15/28)

5.000

06/15/50

4,264,234

2,890,000

(d)

New

Jersey

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Series

2027A

5.000

01/01/33

3,151,857

2,890,000

(d)

New

Jersey

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Series

2027A

5.000

01/01/34

3,175,327

TOTAL

NEW

JERSEY

65,246,456

NEW

YORK

-

5.1%

1,835,000

Babylon

Local

Development

Corporation

II,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2023A

6.400

02/01/43

1,888,307

2,710,000

Buffalo

and

Erie

County

Industrial

Land

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

System,

Inc.

Project,

Series

2015

5.250

07/01/35

2,707,865

250,000

Buffalo

and

Erie

County

Industrial

Land

Development

Corporation,

New

York,

Revenue

Bonds,

Charter

School

for

Applied

Technologies,

Series

2017A

5.000

06/01/35

252,750

1,790,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1

5.250

06/01/40

1,740,384

4,800,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1

5.500

06/01/55

4,158,173

1,260,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020C-1

5.000

06/01/40

1,193,242

3,035,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020C-1

5.000

06/01/55

2,442,494

8,145,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Icahn

School

of

Medicine

at

Mount

Sinai,

Refunding

Series

2015A

5.000

07/01/40

8,150,376

100,000

(c)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Orange

Regional

Medical

Center

Obligated

Group,

Series

2017

5.000

12/01/34

96,099

300,000

(c)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Orange

Regional

Medical

Center

Obligated

Group,

Series

2017

5.000

12/01/36

281,490

23

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

175,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

School

Districts

Financing

Program,

Series

2025A

5.000

%

10/01/38

$

194,567

900,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

School

Districts

Financing

Program,

Series

2025A

5.000

10/01/40

980,523

1,520,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

White

Plains

Hospital,

Series

2024

5.250

10/01/49

1,527,012

8,535,000

Dutchess

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Health

Quest

Systems,

Inc.

Project,

Series

2016B

4.000

07/01/41

7,931,173

205,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Refunding

Series

2020B

4.760

02/01/27

205,269

1,255,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Refunding

Series

2020B

5.570

02/01/41

1,229,248

1,365,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2017A

6.240

02/01/47

1,357,119

1,000,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2020A

5.530

02/01/40

982,542

385,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2021A

4.050

02/01/31

373,579

885,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2021A

4.450

02/01/41

769,797

1,560,000

Hempstead

Town

Local

Development

Corporation,

New

York,

Education

Revenue

Bonds,

The

Academy

Charter

School

Project,

Series

2021A

4.600

02/01/51

1,202,513

11,000,000

(g)

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020C-1,

(UB)

5.250

11/15/55

11,146,135

1,600,000

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2024A-1

4.550

11/01/44

1,603,160

3,040,000

(g)

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2024B-1-A,

(UB)

4.650

11/01/49

2,991,647

750,000

(c)

New

York

City

Housing

Development

Corporation,

New

York,

Multi-Family

Mortgage

Revenue

Bonds,

8

Spruce

Street,

Class

F

Series

2024

5.250

12/15/31

769,898

655,000

New

York

City

Housing

Development

Corporation,

New

York,

Multi-Family

Mortgage

Revenue

Bonds,

8

Spruce

Street,

Taxable

Class

E

Series

2024

4.375

12/15/31

666,528

3,000,000

(f)

New

York

City

Industrial

Development

Agency,

New

York,

Civic

Facility

Revenue

Bonds,

Bronx

Parking

Development

Company,

LLC

Project,

Series

2007

5.750

10/01/37

1,890,000

1,000,000

(f)

New

York

City

Industrial

Development

Agency,

New

York,

Civic

Facility

Revenue

Bonds,

Bronx

Parking

Development

Company,

LLC

Project,

Series

2007

5.875

10/01/46

630,000

2,000,000

(d)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2026

Series

DD

5.000

06/15/37

2,300,338

4,720,000

(d)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2026

Series

DD

5.000

06/15/38

5,331,170

1,475,000

(d)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2026

Series

DD

5.000

06/15/38

1,696,096

2,290,000

(d)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2026

Series

DD

5.000

06/15/39

2,558,131

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

24

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

2,040,000

(d)

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2026

Series

DD

5.000

%

06/15/46

$

2,159,103

4,590,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

258

4.450

10/01/44

4,746,469

415,000

New

York

State

Thruway

Authority,

General

Revenue

Junior

Indebtedness

Obligations,

Refunding

Series

2026A

5.000

01/01/38

470,154

1,070,000

New

York

State

Thruway

Authority,

General

Revenue

Junior

Indebtedness

Obligations,

Refunding

Series

2026A

5.000

01/01/43

1,164,608

525,000

New

York

State

Thruway

Authority,

General

Revenue

Junior

Indebtedness

Obligations,

Refunding

Series

2026A

5.000

01/01/44

565,129

8,120,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A

-

AGM

Insured,

(AMT)

4.000

07/01/36

7,946,883

25,925,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

5.000

07/01/41

25,934,237

3,210,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

5.000

07/01/46

3,209,864

8,045,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

5.250

01/01/50

8,045,242

2,520,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020,

(AMT)

5.250

08/01/31

2,621,237

9,275,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Series

2020,

(AMT)

5.375

08/01/36

9,574,420

1,100,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

Terminal

4

John

F

Kennedy

International

Airport

Project,

Series

2020C

4.000

12/01/41

1,037,119

10,000,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2018,

(AMT)

5.000

01/01/32

10,224,560

4,000,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2020,

(AMT)

5.000

10/01/40

4,058,466

6,200,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

(AMT)

6.000

04/01/35

6,802,139

10,965,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

(AMT)

5.625

04/01/40

11,528,275

5,000,000

TSASC

Inc.,

New

York,

Tobacco

Asset-Backed

Bonds,

Series

2006

5.000

06/01/45

4,627,624

TOTAL

NEW

YORK

175,963,154

NORTH

CAROLINA

-

0.2%

4,035,000

Charlotte,

North

Carolina,

Storm

Water

Fee

Revenue

Bonds,

Refunding

Series

2024

5.000

12/01/36

4,586,605

1,000,000

North

Carolina

Medical

Care

Commission,

Retirement

Facilities

First

Mortgage

Revenue

Bonds,

The

Forest

at

Duke,

Inc.,

Series

2021

4.000

09/01/46

857,693

TOTAL

NORTH

CAROLINA

5,444,298

NORTH

DAKOTA

-

0.5%

10,770,000

(g)

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2024A,

(UB)

4.550

07/01/44

10,731,036

4,000,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Program

Revenue

Bonds,

Social

Series

2024D

4.500

07/01/44

3,981,802

2,500,000

North

Dakota

Public

Finance

Authority,

State

Revolving

Fund

Program

Revenue

Bonds,

Series

2024A

5.000

10/01/42

2,731,579

TOTAL

NORTH

DAKOTA

17,444,417

25

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

-

1.1%

$

5,195,000

Allen

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Bon

Secours

Mercy

Health,

Inc.,

Series

2020A

4.000

%

12/01/40

$

4,964,095

15,000,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Capital

Appreciation

Series

2020B-3

Class

2

0.000

06/01/57

1,097,076

1,860,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

2

5.000

06/01/55

1,501,950

3,770,000

Butler

County,

Ohio,  Hospital

Facilities

Revenue

Bonds,

UC

Health,

Series

2016

5.000

11/15/45

3,648,085

2,625,000

Hamilton

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

UC

Health,

Series

2025A

5.500

08/01/41

2,771,366

1,500,000

Hamilton

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

UC

Health,

Series

2025A

5.500

08/01/42

1,572,873

1,475,000

Hamilton

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

UC

Health,

Series

2025A

5.500

08/01/51

1,487,668

5,000,000

(c)

Ohio

Air

Quality

Development

Authority,

Ohio,

Exempt

Facilities

Revenue

Bonds,

AMG

Vanadium

Project,

Series

2019,

(AMT)

5.000

07/01/49

4,533,835

960,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A

4.350

09/01/44

951,616

3,750,000

Ohio

State,

Private

Activity

Bonds,

Portsmouth

Gateway

Group,

LLC

-

Borrower,

Portsmouth

Bypass

Project,

Series

2015

-

AGM

Insured,

(AMT)

5.000

12/31/39

3,750,717

6,710,000

Ohio

Water

Development

Authority,

Water

Pollution

Control

Loan

Fund

Revenue

Bonds,

Series

2025

5.000

12/01/35

7,699,597

3,080,000

University

of

Cincinnati,

Ohio,

General

Receipts

Bonds,

Series

2025A

5.250

06/01/45

3,281,100

TOTAL

OHIO

37,259,978

OKLAHOMA

-

0.3%

1,470,000

Oklahoma

City

Airport

Trust,

Oklahoma,

Revenue

Bonds,

Junior

Lien

Thirty-Third

Series

2018,

(AMT)

5.000

07/01/47

1,476,482

8,550,000

Oklahoma

County,

Oklahoma,

Finance

Authority,

Educational

Facilities

Lease

Revenue

Bonds,

Choctaw-Nicoma

Park

Public

Schools

Project,

Series

2023

5.000

09/01/41

9,055,500

TOTAL

OKLAHOMA

10,531,982

OREGON

-

1.1%

2,910,000

Astoria

Hospital

Facilities

Authority,

Oregon,

Hospital

Revenue

Bonds,

Columbia

Memorial

Hospital

Project,

Series

2024

5.250

08/01/54

2,819,414

10,000,000

Beaverton

School

District

48J,

Washington

and

Multnomah

Counties,

Oregon,

General

Obligation

Bonds,

Series

2022A

0.000

06/15/48

3,339,950

16,260,000

Multnomah

County

School

District

1J,

Portland,

Oregon,

General

Obligation

Bonds,

Bidding

Group

2

Series

2026

5.000

06/15/40

18,077,601

7,515,000

Multnomah

County

School

District

1J,

Portland,

Oregon,

General

Obligation

Bonds,

Bidding

Group

2

Series

2026

5.000

06/15/42

8,254,377

175,000

Oregon

Housing

and

Community

Services

Department,

Multifamily

Housing

Revenue

Bonds,

Refunding

Series

2010A,

(AMT)

5.150

07/01/42

177,050

965,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5.000

11/15/37

1,090,290

1,030,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5.000

11/15/38

1,155,633

395,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5.000

11/15/39

440,355

4,100,000

(c)

Port

of

Morrow,

Morrow

County

Oregon,

Full

Faith

and

Credit

Obligations,

Series

2024A

5.150

10/01/26

4,099,851

TOTAL

OREGON

39,454,521

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

26

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

-

6.1%

$

315,000

Allegheny

Country

Industrial

Development

Authority,

Pennsylvania,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2012,

(AMT)

5.750

%

08/01/42

$

315,275

2,155,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

2019A

4.000

07/15/37

2,125,153

8,775,000

Bucks

County

Industrial

Development

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Saint

Luke's

University

Health

Network

Project,

Series

2021

-

AGM

Insured

3.000

08/15/53

6,226,854

4,860,000

Central

Bradford

Progress

Authority,

Pennsylvania,

Revenue

Bonds,

Guthrie

Health,

Series

2021B

-

BAM

Insured

3.000

12/01/44

3,972,225

6,300,000

Central

Bradford

Progress

Authority,

Pennsylvania,

Revenue

Bonds,

Guthrie

Health,

Series

2021B

-

BAM

Insured

4.000

12/01/51

5,408,207

520,000

Cumberland

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Diakon

Lutheran

Social

Ministries

Project,

Series

2015

5.000

01/01/38

520,217

9,000,000

Geisinger

Authority,

Montour

County,

Pennsylvania,

Health

System

Revenue

Bonds,

Geisinger

Health

System,

Series

2017A-2

5.000

02/15/39

9,097,728

1,200,000

Lancaster

Municipal

Authority,

Pennsylvania,

Healthcare

Facilities

Revenue

Bonds,

Garden

Spot

Village

Project

Series

2024A

5.000

05/01/44

1,222,351

4,000,000

Montgomery

County

Higher

Education

and

Health

Authority,

Pennsylvania,

Revenue

Bonds,

Thomas

Jefferson

University,

Series

2018A

4.000

09/01/36

3,984,450

5,445,000

Montgomery

County

Higher

Education

and

Health

Authority,

Pennsylvania,

Revenue

Bonds,

Thomas

Jefferson

University,

Series

2018A

5.000

09/01/43

5,536,278

2,000,000

Montgomery

County

Higher

Education

and

Health

Authority,

Pennsylvania,

Revenue

Bonds,

Thomas

Jefferson

University,

Series

2019

4.000

09/01/37

1,977,146

8,750,000

Northampton

County

General

Purpose

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Saint

Luke's

University

Health

Network

Project,

Series

2016A

4.000

08/15/34

8,755,999

2,410,000

(c),(f),(i)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-1

10.000

12/01/40

241

2,410,000

(c),(f),(i)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

KDC

Agribusiness

Fairless

Hills

LLC

Project,

Series

2020A-2,

(AMT)

10.000

12/01/40

241

1,650,000

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

National

Gypsum

Company,

Refunding

Series

2014,

(AMT)

5.500

11/01/44

1,646,544

1,000,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Exempt

Facilities

Revenue

Bonds,

PPL

Energy

Supply,

LLC

Project,

Refunding

Series

2009C,

(Mandatory

Put

6/01/27)

5.250

12/01/37

1,001,892

5,000,000

Pennsylvania

Economic

Development

Financing

Authority,

Pennsylvania,

Private

Activity

Revenue

Bonds,

The

PennDOT

Major

Bridges

Package

One

Project,

Series

2022,

(AMT)

5.500

06/30/40

5,326,916

3,750,000

Pennsylvania

Economic

Development

Financing

Authority,

Private

Activity

Revenue

Bonds,

Pennsylvania

Rapid

Bridge

Replacement

Project,

Series

2015,

(AMT)

5.000

12/31/38

3,754,743

4,000,000

Pennsylvania

Economic

Development

Financing

Authority,

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

2017A

4.000

11/15/42

3,803,165

3,865,000

Pennsylvania

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

LaSalle

University,

Series

2012

5.000

05/01/37

2,834,789

7,130,000

(b),(g)

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2023-143A,

(UB)

5.450

04/01/51

7,308,768

6,780,000

(g)

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-144A,

(UB)

4.450

10/01/44

6,712,929

1,310,000

(g)

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-144A,

(UB)

4.650

10/01/51

1,273,778

27

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

4,545,000

(g)

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-145A,

(UB)

4.750

%

10/01/49

$

4,492,853

4,545,000

(g)

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2025-148A,

(UB)

4.800

10/01/55

4,436,390

14,880,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Series

2026

5.000

04/01/39

16,657,905

4,345,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Series

2026

5.000

04/01/40

4,841,145

4,900,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

First

Series

2026

5.000

12/01/37

5,542,089

4,325,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

First

Series

2026

5.000

12/01/38

4,856,290

5,770,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

First

Series

2026

5.000

12/01/40

6,393,004

1,685,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

First

Series

2026

5.000

12/01/41

1,862,739

3,685,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2026A

5.000

12/01/37

4,167,877

4,085,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2026A

5.000

12/01/38

4,586,808

2,575,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2026A

5.000

12/01/43

2,808,118

1,930,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2026A

5.000

12/01/44

2,086,546

2,250,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2026A

5.000

12/01/45

2,409,923

1,720,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2026A

5.000

12/01/46

1,827,542

15,000,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Subordinate

Series

2009C

-

AGM

Insured

6.250

06/01/33

15,079,610

25,430,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Subordinate

Series

2017B-1

5.000

06/01/42

25,790,585

1,500,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Subordinate

Series

2021A

3.000

12/01/42

1,237,167

2,500,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

City

Service  Agreement

Revenue

Bonds,

Series

2018

5.000

05/01/36

2,592,968

2,250,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

City

Service  Agreement

Revenue

Bonds,

Series

2018

5.000

05/01/37

2,329,326

1,000,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

La

Salle

University,

Series

2017

4.000

05/01/42

586,022

2,230,000

(c)

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Mariana

Bracetti

Academy

Project,

Series

2020A

5.375

06/15/50

2,052,651

2,000,000

Philadelphia

Hospitals

and

Higher

Education

Facilities

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Temple

University

Health

System

Obligated

Group,

Series

of

2017

5.000

07/01/29

2,027,836

7,450,000

Philadelphia

Hospitals

and

Higher

Education

Facilities

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Temple

University

Health

System

Obligated

Group,

Series

of

2017

5.000

07/01/30

7,544,161

1,000,000

Philadelphia

Hospitals

and

Higher

Education

Facilities

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Temple

University

Health

System

Obligated

Group,

Series

of

2017

5.000

07/01/31

1,011,309

2,595,000

The

Hospitals

and

Higher

Education

Facilities

Authority

of

Philadelphia,

Pennsylvania,

Hospital

Revenue

Bonds

Temple

University

Health

System

Obligated

Group

Series

of

2017

5.000

07/01/33

2,617,176

TOTAL

PENNSYLVANIA

212,643,929

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

28

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PUERTO

RICO

-

1.7%

$

2,000,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

4.000

%

07/01/42

$

1,892,129

7,164,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

4.550

07/01/40

7,144,197

118,500,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0.000

07/01/51

30,374,311

1,000,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

Cofina

Project

Series

2019A-2A

4.550

07/01/40

997,236

14,500,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

4.000

07/01/37

14,013,884

5,000,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

4.000

07/01/41

4,632,764

TOTAL

PUERTO

RICO

59,054,521

SOUTH

CAROLINA

-

0.3%

1,485,000

South

Carolina

Jobs-Economic

Development

Authority,

Health

Care

Facilities

Revenue

Bonds,

Novant

Health

Group,

Series

2024A

5.500

11/01/48

1,571,770

1,660,000

South

Carolina

Jobs-Economic

Development

Authority,

Health

Care

Facilities

Revenue

Bonds,

Novant

Health

Group,

Series

2024A

5.500

11/01/49

1,751,974

3,650,000

South

Carolina

Jobs-Economic

Development

Authority,

Health

Care

Facilities

Revenue

Bonds,

Novant

Health

Group,

Series

2024A

5.500

11/01/50

3,835,123

2,500,000

South

Carolina

Jobs-Economic

Development

Authority,

Hospital

Revenue

Bonds,

McLeod

Health

Projects,

Refunding

&

Improvement

Series

2018

5.000

11/01/43

2,533,397

TOTAL

SOUTH

CAROLINA

9,692,264

SOUTH

DAKOTA

-

0.0%

510,000

South

Dakota

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Sanford

Health,

Series

2015

5.000

11/01/45

511,213

TOTAL

SOUTH

DAKOTA

511,213

TENNESSEE

-

2.4%

2,500,000

Bristol

Industrial

Development

Board,

Tennessee,

Tax

Increment

Revenue

Bonds,

Pinnacle

Project,

Series

2016

5.625

06/01/35

2,197,491

4,000,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Health

System

Revenue

Bonds,

Erlanger

Health

Series

2024

5.250

12/01/49

4,119,738

510,000

DeKalb

Utility

District,

DeKalb

County,

Tennessee,

Waterworks

Revenue

Bonds,

Refunding

Series

2017

3.500

04/01/42

432,817

4,200,000

Greeneville

Health

and

Educational

Facilities

Board,

Tennessee,

Hospital

Revenue

Bonds,

Ballad

Health,

Series

2018A

5.000

07/01/36

4,334,195

145,000

(h)

Jackson,

Tennessee,

Hospital

Revenue

Bonds,

Jackson-

Madison

County

General

Hospital

Project,

Series

2018A,

(Pre-

refunded

10/01/28)

5.000

04/01/41

153,076

2,740,000

Jackson,

Tennessee,

Hospital

Revenue

Bonds,

Jackson-

Madison

County

General

Hospital

Project,

Series

2018A

5.000

04/01/41

2,780,291

9,570,000

(h)

Johnson

City

Health

and

Educational

Facilities

Board,

Tennessee,

Hospital

Revenue

Refunding

and

Improvement

Bonds,

Johnson

City

Medical

Center,

Series

1998C

-

NPFG

Insured,

(ETM)

5.250

07/01/28

9,885,848

2,000,000

Knox

County

Health,

Educational

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

University

Health

System,

Inc.,

Series

2017

4.000

04/01/36

1,820,999

310,000

Knox

County

Health,

Educational

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

University

Health

System,

Inc.,

Series

2017

5.000

04/01/36

311,614

2,955,000

Knox

County

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Hospital

Revenue

Bonds,

Covenant

Health,

Refunding

Series

2016A

5.000

01/01/36

2,987,053

14,000,000

Knox

County

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Hospital

Revenue

Bonds,

Covenant

Health,

Refunding

Series

2016A

5.000

01/01/42

14,095,096

29

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TENNESSEE

(continued)

$

100,000

(f)

Memphis/Shelby

County

Economic

Development

Growth

Engine

Industrial

Development

Board,

Tennessee,

Tax

Increment

Revenue

Bonds,

Graceland

Project,

Senior

Series

2017A

4.750

%

07/01/27

$

95,265

2,930,000

Metropolitan

Government

of

Nashville

and

Davidson

County

Sports

Authority,

Tennessee,

Revenue

Bonds,

Stadium

Project,

Subordinate

Senior

Series

2023A

-

AGM

Insured

5.000

07/01/38

3,198,314

2,500,000

Metropolitan

Government

of

Nashville

and

Davidson

County

Sports

Authority,

Tennessee,

Revenue

Bonds,

Stadium

Project,

Subordinate

Senior

Series

2023A

-

AGM

Insured

5.000

07/01/39

2,713,834

1,320,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Belmont

University,

Series

2023

5.000

05/01/42

1,387,944

2,000,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Belmont

University,

Series

2023

5.000

05/01/43

2,094,482

515,000

(c)

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Rocketship

Education

Project,

Series

2017E

5.375

06/01/52

471,905

3,965,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Vanderbilt

University

Medical

Center,

Series

2016A

5.000

07/01/40

3,974,305

385,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Vanderbilt

University

Medical

Center,

Series

2017A

5.000

07/01/48

385,290

11,625,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Vanderbilt

University,

Series

2023A

5.000

07/01/33

12,956,838

5,000,000

Metropolitan

Government

of

Nashville-Davidson

County,

Tennessee,

General

Obligation

Bonds,

Improvement

Series

2026B

5.000

01/01/39

5,598,620

360,000

(c)

Nashville

Metropolitan

Development

and

Housing

Agency,

Tennessee,

Tax

increment

Bonds,

Fifth

&

Broadway

Development

Project,

Series

2018

4.500

06/01/28

363,139

2,100,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006B

5.625

09/01/26

2,114,779

3,135,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006C

5.000

02/01/27

3,173,644

500,000

West

Knox

Utility

District

of

Knox

County,

Tennessee,

Water

and

Sewer

Revenue

Bonds,

Refunding

&

Improvement

Series

2016

5.000

06/01/41

500,311

TOTAL

TENNESSEE

82,146,888

TEXAS

-

6.5%

4,665,000

Austin,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

09/01/40

5,137,411

2,540,000

Austin,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

09/01/41

2,790,396

4,500,000

Austin,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

09/01/42

4,920,543

3,500,000

Austin,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

09/01/43

3,801,181

3,115,000

Austin,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

09/01/45

3,316,161

2,250,000

Austin,

Texas,

General

Obligation

Bonds,

Refunding

&

Public

Improvement

Series

2025

5.000

09/01/42

2,460,271

2,500,000

Austin,

Texas,

General

Obligation

Bonds,

Refunding

&

Public

Improvement

Series

2025

5.000

09/01/44

2,691,358

2,500,000

Austin,

Texas,

General

Obligation

Bonds,

Refunding

&

Public

Improvement

Series

2025

5.000

09/01/45

2,661,446

11,240,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2026A

5.000

08/15/39

12,624,234

6,420,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2026A

5.000

08/15/40

7,162,666

6,420,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2026A

5.000

08/15/41

7,131,824

5,135,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2026A

5.000

08/15/42

5,665,534

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

30

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

3,210,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2026A

5.000

%

08/15/43

$

3,516,885

3,850,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2026A

4.000

08/15/44

3,718,632

400,000

(c)

Buda,

Texas,

Special

Assessment

Revenue

Bonds,

Persimmon

Public

improvement

District

Improvement

Area

1

Project,

Series

2025

6.000

09/01/55

389,005

1,700,000

(c)

Buda,

Texas,

Special

Assessment

Revenue

Bonds,

Persimmon

Public

improvement

District

Major

Improvement

Area

Project,

Series

2025

6.625

09/01/45

1,707,800

3,600,000

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Senior

Lien

Series

2020E

5.000

01/01/45

3,687,956

5,050,000

Clifton

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Uplift

Education

Charter

School,

Series

2014A

4.250

12/01/34

5,049,930

300,000

(c)

Clifton

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Valor

Education

Foundation,

Series

2024A

5.750

06/15/44

288,708

1,595,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/39

1,762,214

1,675,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/40

1,835,893

1,760,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/41

1,914,637

1,710,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/42

1,850,414

1,955,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/43

2,104,058

4,010,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/44

4,283,207

4,170,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/45

4,426,836

3,850,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/46

4,066,035

700,000

(c)

Denton

County,

Texas,

Special

Assessment

Revenue

Bonds,

Green

Meadows

Public

Improvement

District,

Improvement

Area

1

Project,

Series

2025

5.625

12/31/55

709,730

2,265,000

(d)

El

Paso

Independent

School

District,

El

Paso

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2026A

5.000

08/15/38

2,471,722

2,175,000

(d)

El

Paso

Independent

School

District,

El

Paso

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2026A

5.000

08/15/39

2,356,665

4,200,000

(d)

El

Paso

Independent

School

District,

El

Paso

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2026A

5.000

08/15/40

4,525,758

1,555,000

(d)

El

Paso

Independent

School

District,

El

Paso

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2026A

5.000

08/15/41

1,674,018

1,615,000

(d)

El

Paso

Independent

School

District,

El

Paso

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2026A

5.000

08/15/42

1,733,400

2,970,000

Elgin,

Bastrop

and

Travis

Counties,

Texas,

Certificates

of

Participation,

Combination

Tax

Tax

Increment

Reinvestment

Zone

1,

Subordinate

Lien

Series

2021A

-

BAM

Insured

4.000

07/15/40

2,911,541

2,000,000

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012B

4.750

11/01/42

2,000,010

795,000

Galveston,

Texas,

Wharves

and

Terminal

First

Lien

Revenue

Bonds,

Series

2023,

(AMT)

5.250

08/01/33

859,655

1,185,000

Galveston,

Texas,

Wharves

and

Terminal

First

Lien

Revenue

Bonds,

Series

2023,

(AMT)

5.000

08/01/35

1,251,632

1,000,000

Galveston,

Texas,

Wharves

and

Terminal

First

Lien

Revenue

Bonds,

Series

2023,

(AMT)

5.250

08/01/37

1,060,021

795,000

Galveston,

Texas,

Wharves

and

Terminal

First

Lien

Revenue

Bonds,

Series

2023,

(AMT)

5.250

08/01/38

838,291

700,000

Georgetown

Independent

School

District,

Williamson

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5.500

02/15/37

810,398

31

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

445,000

Georgetown

Independent

School

District,

Williamson

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5.500

%

02/15/38

$

511,326

1,775,000

Georgetown

Independent

School

District,

Williamson

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5.000

02/15/39

1,958,248

10,000,000

Greater

Texas

Cultural

Educational

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Biomedical

Research

Institute

Series

2024A

5.250

06/01/49

9,735,007

1,310,000

Gregory-Portland

Independent

School

District,

San

Patricio

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2025

5.000

02/15/39

1,429,249

8,585,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Refunding

Bonds,

Young

Men's

Christian

Association

of

the

Greater

Houston

Area,

Series

2013A

5.000

06/01/33

8,176,934

2,255,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5.500

07/15/36

2,378,606

1,340,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5.500

07/15/37

1,403,897

1,150,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5.500

07/15/38

1,199,100

1,220,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5.500

07/15/39

1,264,915

10,385,000

(d)

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Convention

and

Entertainment

Facilities

Department,

Refunding

First

Lien

Series

2026C

0.000

09/01/49

3,164,481

1,360,000

Kerrville

Health

Facilities

Development

Corporation,

Texas,

Revenue

Bonds,

Sid

Peterson

Memorial

Hospital

Project,

Series

2015

5.000

08/15/30

1,363,131

1,280,000

Kerrville

Health

Facilities

Development

Corporation,

Texas,

Revenue

Bonds,

Sid

Peterson

Memorial

Hospital

Project,

Series

2015

5.000

08/15/35

1,283,180

2,535,000

Love

Field

Airport

Modernization

Corporation,

Texas,

Special

Facilities

Revenue

Bonds,

Southwest

Airlines

Company

-

Love

Field

Modernization

Program

Project,

Series

2012,

(AMT)

5.000

11/01/28

2,539,120

665,000

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Retirement

Facility

Revenue

Bonds,

Legacy

at

Willow

Bend

Project,

Series

2016

5.000

11/01/46

553,207

760,000

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Retirement

Facility

Revenue

Bonds,

Wesleyan

Homes,

Inc.

Project,

Series

2014

5.500

01/01/43

760,361

6,625,000

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

CHF-Collegiate

Housing

Foundation

-

College

Station

I

LLC

-

Texas

A&M

University

Project,

Series

2014A

-

AGM

Insured

4.100

04/01/34

6,625,350

10,000,000

(f)

New

Hope

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Student

Housing

Revenue

Bonds,

NCCD

-

College

Station

Properties

LLC

-

Texas

A&M

University

Project,  Series

2015A

5.000

07/01/47

9,405,958

10,880,000

(h)

North

Texas

Tollway

Authority,

Special

Projects

System

Revenue

Bonds,

Convertible

Capital

Appreciation

Series

2011C,

(Pre-

refunded

9/01/31)

6.750

09/01/45

12,936,222

6,780,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier

Series

2025A

5.000

01/01/39

7,516,448

2,000,000

Pflugerville,

Travis

and

Williamson

Counties,

Texas,

Certificates

of

Obligation,

Combination

Tax

and

Revenue

Limited

Series

2023

5.000

08/01/43

2,121,389

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

32

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

1,500,000

Pflugerville,

Travis

and

Williamson

Counties,

Texas,

Certificates

of

Obligation,

Combination

Tax

and

Revenue

Limited

Series

2023

5.000

%

08/01/44

$

1,582,111

1,000,000

(c)

Pilot

Point,

Denton,

Grayson,

and

Cooke

Counties,

Texas,

Special

Assessment

Revenue

Bonds,

Bryson

Ranch

Public

Improvement

District

Zone

A

Improvement

Area

1

Project,

Series

2025

6.125

09/15/45

1,038,697

620,000

(c)

Pilot

Point,

Denton,

Grayson,

and

Cooke

Counties,

Texas,

Special

Assessment

Revenue

Bonds,

Bryson

Ranch

Public

Improvement

District

Zone

A

Improvement

Area

1

Project,

Series

2025

7.125

09/15/55

633,663

1,000,000

(c)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2024A,

(AMT)

5.125

01/01/44

949,030

555,000

(c)

Princeton,

Texas,

Special

Assessment

Revenue

Bonds,

Winchester

Crossing

Public

Improvement

District

3

Project,

Series

2024

5.125

09/01/44

551,489

410,000

Reagan

Hospital

District

of

Reagan

County,

Texas,

Limited

Tax

Revenue

Bonds,

Series

2014A

5.000

02/01/29

410,076

1,805,000

Reagan

Hospital

District

of

Reagan

County,

Texas,

Limited

Tax

Revenue

Bonds,

Series

2014A

5.000

02/01/34

1,794,928

385,000

Reagan

Hospital

District

of

Reagan

County,

Texas,

Limited

Tax

Revenue

Bonds,

Series

2014A

5.125

02/01/39

378,316

645,000

SA

Energy

Acquisition

Public

Facilities

Corporation,

Texas,

Gas

Supply

Revenue

Bonds,

Series

2007

5.500

08/01/27

662,387

500,000

San

Antonio

Independent

School

District,

Bexar

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5.000

08/15/39

552,795

3,000,000

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Health

Resources

System,

Series

2016A

5.000

02/15/41

3,011,945

1,680,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4.000

12/31/37

1,629,673

1,750,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4.000

06/30/38

1,688,548

1,300,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4.000

06/30/39

1,240,763

1,500,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4.000

12/31/39

1,423,887

3,690,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4.000

06/30/40

3,475,251

5,000,000

Waco,

Texas,

Certificates

of

Obligation,

Combination

Tax

&

Revenue

Series

2024A

5.000

02/01/49

5,169,072

TOTAL

TEXAS

226,686,836

UTAH

-

1.6%

500,000

(c)

Arrowhead

Springs

Public

Infrastructure

District,

Utah,

Special

Assessment

Bonds,

Arrowhead

Springs

Assessment

Area,

Series

2025

5.625

12/01/54

500,831

2,000,000

Black

Ridge

Infrastructure

Financing

District,

Hurricane

City,

Utah,

Special

Assessment

Bonds,

Black

Ridge

Assessment

Area,

Series

2025

5.500

12/01/40

2,007,126

2,000,000

Black

Ridge

Infrastructure

Financing

District,

Hurricane

City,

Utah,

Special

Assessment

Bonds,

Black

Ridge

Assessment

Area,

Series

2025

6.000

12/01/45

2,012,869

7,500,000

Black

Ridge

Infrastructure

Financing

District,

Hurricane

City,

Utah,

Special

Assessment

Bonds,

Black

Ridge

Assessment

Area,

Series

2025

6.250

12/01/54

7,484,569

33

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTAH

(continued)

$

3,715,000

(c)

High

Star

Ranch

Infrastructure

Financing

District,

Utah,

Special

Assessment

Bonds,

High

Star

Ranch

Assessment

Area,

Series

2026

6.250

%

12/01/55

$

3,715,422

2,000,000

Intermountain

Power

Agency,

Utah,

Power

Supply

Revenue

Bonds,

Series

2022A

5.000

07/01/37

2,139,352

1,000,000

(c)

MIDA

Mountain

Village

Public

Infrastructure

District,

Utah,

Subordinate

Tax

Allocation

Revenue

Bonds,

Series

2024-2

5.500

06/15/39

1,022,435

3,500,000

Military

Installation

Development

Authority,

Utah,

Tax

Allocation

Revenue

Bonds

Series

2021A-2

4.000

06/01/41

3,257,854

2,600,000

(c)

Red

Bridge

Public

Infrastructure

District

1,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2021A

4.375

02/01/51

2,031,249

19,115,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2017A,

(AMT)

5.000

07/01/42

19,121,371

1,750,000

(g)

Utah

Housing

Corporation,

Single

Family

Mortgage

Bonds,

Series

2024C,

(UB)

4.450

01/01/44

1,733,037

615,000

(g)

Utah

Housing

Corporation,

Single

Family

Mortgage

Bonds,

Series

2024C,

(UB)

4.700

01/01/54

601,141

8,325,000

Utah

Transit

Authority,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2024

5.000

06/15/38

9,191,684

1,000,000

(c)

Wakara

Ridge

Public

Infrastructure

District,

Utah,

Special

Assessment

Bonds,

Wakara

Ridge

Assessment

Area,

Series

2025

5.625

12/01/54

1,014,048

TOTAL

UTAH

55,832,988

VIRGIN

ISLANDS

-

0.5%

6,800,000

Virgin

Islands

Hotel

Development

Financing

Corporation,

Hotel

Revenue

Bonds

Frenchman's

Reef

Hotel

Acquisition

Project,

Senior

Lien

Series

2025A-1

5.750

02/01/45

6,717,914

6,550,000

Virgin

Islands

Hotel

Development

Financing

Corporation,

Hotel

Revenue

Bonds

Frenchman's

Reef

Hotel

Acquisition

Project,

Senior

Lien

Series

2025A-1

6.000

12/01/55

6,373,731

1,100,000

(c)

Virgin

Islands

Public

Finance

Authority,

Revenue

Bonds,

Frenchman's

Reef

Hotel

Development

Hotel

Occupancy

Series

2024A

6.000

04/01/53

1,083,777

1,000,000

Virgin

Islands

Transportation

&

Infrastructure

Corporation,

Virgin

Islands,

Grant

Anticipation

Revenue

Bonds,

Federal

Highway

Grant

Anticipation

Revenue

Loan

Note,

Series

2025

5.000

09/01/29

1,053,619

1,655,000

Virgin

Islands

Transportation

&

Infrastructure

Corporation,

Virgin

Islands,

Grant

Anticipation

Revenue

Bonds,

Federal

Highway

Grant

Anticipation

Revenue

Loan

Note,

Series

2025

5.000

09/01/31

1,780,826

1,250,000

Virgin

Islands

Transportation

&

Infrastructure

Corporation,

Virgin

Islands,

Grant

Anticipation

Revenue

Bonds,

Federal

Highway

Grant

Anticipation

Revenue

Loan

Note,

Series

2025

5.000

09/01/44

1,320,146

TOTAL

VIRGIN

ISLANDS

18,330,013

VIRGINIA

-

0.9%

6,000,000

(b)

Roanoke

Economic

Development

Authority,

Virginia,

Hospital

Revenue

Bonds,

Carilion

Clinic

Obligated

Group,

Series

2020D,

(Mandatory

Put

7/01/30)

5.000

07/01/53

6,422,390

4,010,000

Tobacco

Settlement

Financing

Corporation

of

Virginia,

Tobacco

Settlement

Asset

Backed

Bonds,

Series

2007B1

5.000

06/01/47

3,302,753

10,000,000

(g)

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2024A,

(UB)

4.450

09/01/44

9,927,208

2,070,000

Virginia

Port

Authority,

Commonwealth

Port

Fund

Revenue

Bonds,

Series

2023A

5.000

07/01/42

2,224,994

2,000,000

(c)

Virginia

Small

Business

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Provident

Resource

Group

-

Rixey

Student

Housing

Project,

Series

2019A

5.500

07/01/49

1,605,381

4,060,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

National

Senior

Campuses

Inc

Obligated

Group,

Series

2020A

4.000

01/01/40

4,067,928

5,695,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

National

Senior

Campuses

Inc

Obligated

Group,

Series

2020A

4.000

01/01/45

5,339,476

TOTAL

VIRGINIA

32,890,130

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

34

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WASHINGTON

-

3.0%

$

2,495,000

Port

of

Seattle,

Washington,

General

Obligation

Bonds,

Limited

Tax

Series,

Refunding  2024A,

(AMT)

5.000

%

06/01/46

$

2,559,607

5,590,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2017C,

(AMT)

5.000

05/01/30

5,707,230

4,000,000

Skagit

County

Public

Hospital

District

1,

Washington,

Revenue

Bonds,

Skagit

Valley

Hospital,

Refunding

&

Improvement

Series

2016

5.000

12/01/32

4,028,716

1,120,000

Skagit

County

Public

Hospital

District

1,

Washington,

Revenue

Bonds,

Skagit

Valley

Hospital,

Refunding

&

Improvement

Series

2016

5.000

12/01/37

1,124,449

1,400,000

Snohomish

County

Public

Utility

District

1,

Washington,

Electric

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

12/01/40

1,546,170

1,700,000

Snohomish

County

Public

Utility

District

1,

Washington,

Electric

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

12/01/41

1,873,440

2,000,000

Snohomish

County

Public

Utility

District

1,

Washington,

Electric

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

12/01/42

2,189,873

1,150,000

Snohomish

County

Public

Utility

District

1,

Washington,

Electric

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

12/01/43

1,251,822

1,100,000

Snohomish

County

Public

Utility

District

1,

Washington,

Electric

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

12/01/44

1,187,455

1,500,000

Snohomish

County

Public

Utility

District

1,

Washington,

Electric

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

12/01/45

1,604,810

3,630,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1

4.000

08/01/44

3,303,790

1,045,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2025A

5.000

09/01/41

1,109,301

2,430,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2025A

5.000

09/01/42

2,564,007

1,900,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2025A

5.000

09/01/44

1,975,405

3,695,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2025A

5.000

09/01/45

3,807,395

7,605,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2025A

5.250

09/01/50

7,895,831

2,960,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Series

2014D

5.000

10/01/41

2,962,531

3,090,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Virginia

Mason

Medical

Center,

Series

2017

5.000

08/15/33

3,158,696

3,470,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Virginia

Mason

Medical

Center,

Series

2017

5.000

08/15/34

3,542,922

2,695,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Virginia

Mason

Medical

Center,

Series

2017

5.000

08/15/35

2,747,021

1,155,000

(c)

Washington

State

Housing

Finance

Commission,

Nonprofit

Refunding

Revenue

Bonds,

Wesley

Homes

at

Lea

Hill

Project,

Series

2016

5.000

07/01/41

1,133,347

2,000,000

(c)

Washington

State

Housing

Finance

Commission,

Nonprofit

Refunding

Revenue

Bonds,

Wesley

Homes

at

Lea

Hill

Project,

Series

2016

5.000

07/01/46

1,834,222

2,195,000

Washington

State

Housing

Finance

Commission,

Revenue

Bonds,

Riverview

Retirement

Community,

Refunding

Series

2012

5.000

01/01/48

2,029,840

13,860,333

Washington

State

Housing

Finance

Commission,

Social

Municipal

Certificates

Multifamily

Revenue

Bonds,

Series

2023-

1

Class

A

3.375

04/20/37

12,838,579

7,750,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Related

Fees

Series

2026D

5.000

06/01/41

8,595,178

9,630,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Related

Fees

Series

2026D

5.000

06/01/43

10,527,184

11,080,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Related

Fees

Series

2026D

5.000

06/01/44

12,026,910

TOTAL

WASHINGTON

105,125,731

35

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WEST

VIRGINIA

-

0.2%

$

875,000

Ohio

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

Fort

Henry

Economic

Opportunity

Development

District-the

Highlands

Project,

Refunding

&

Improvement

Series

2025A

5.500

%

06/01/54

$

910,920

550,000

(b),(c)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Core

Natural

Resources,

INC

Project,

AMT

Series

2025,

(AMT),

(Mandatory

Put

3/27/35)

5.450

01/01/55

597,967

1,500,000

West

Virginia

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Charleston

Area

Medical

Center,

Refunding

&

Improvement

Series

2019A

5.000

09/01/31

1,557,675

1,800,000

West

Virginia

Hospital

Finance

Authority,

Revenue

Bonds,

West

Virginia

University

Health

System,

Improvement

Series

2023A

5.000

06/01/38

1,941,672

1,000,000

West

Virginia

Hospital

Finance

Authority,

Revenue

Bonds,

West

Virginia

University

Health

System,

Improvement

Series

2023A

5.000

06/01/39

1,071,244

TOTAL

WEST

VIRGINIA

6,079,478

WISCONSIN

-

4.4%

1,745,000

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Cornerstone

Charter

Academy,

North

Carolina,

Series

2016A

5.000

02/01/36

1,745,334

815,000

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Eno

River

Academy

Project,

Series

2020A

5.000

06/15/40

813,465

200,000

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

Founders

Academy

of

Las

Vegas,

Series

2020A

5.000

07/01/55

169,374

720,000

(c),(h)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

North

Carolina

Charter

Educational

Foundation

Project,

Series

2016A,

(Pre-refunded

6/15/26)

5.000

06/15/46

722,661

1,430,000

(c)

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

North

Carolina

Charter

Educational

Foundation

Project,

Series

2016A

5.000

06/15/46

1,148,071

1,100,000

Public

Finance

Authority

of

Wisconsin,

Charter

School

Revenue

Bonds,

North

East

Carolina

Preparatory

School

Project,

Refunding

Series

2024A

5.250

06/15/54

1,058,173

10,952

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/47

69

9,573

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/48

60

9,420

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/49

59

9,114

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/50

56

8,961

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/51

55

11,641

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/52

72

11,488

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/53

70

11,105

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/54

68

10,876

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/55

66

10,646

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/56

65

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

36

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN

(continued)

$

11,795

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

%

01/01/57

$

71

11,488

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/58

69

11,182

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/59

67

10,952

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/60

66

10,799

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/61

64

10,493

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/62

62

10,263

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/63

61

10,033

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/64

59

9,880

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/65

58

10,646

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/66

63

128,214

(c)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2018A-1

0.000

01/01/67

754

1,000,000

(c)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2025

6.150

01/01/55

981,673

3,950,000

(c)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

First

Tier

Series

2025

6.250

01/01/65

3,872,545

26,928

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/46

170

26,549

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/47

166

26,359

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/48

165

26,169

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/49

163

25,790

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/50

160

28,255

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/51

174

699,467

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

3.750

07/01/51

470,624

28,066

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/52

172

37

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN

(continued)

$

27,687

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

%

01/01/53

$

169

27,497

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/54

168

27,118

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/55

165

26,738

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/56

162

26,549

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/57

160

26,169

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/58

158

25,980

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/59

156

25,790

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/60

154

25,411

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/61

152

25,221

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/62

150

24,842

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/63

147

24,652

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/64

146

24,463

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/65

144

24,083

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/66

142

313,660

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Conference

Center

and

Hotel

Revenue

Bonds,

Lombard

Public

Facilities

Corporation,

Second

Tier

Series

2018B

0.000

01/01/67

1,844

2,000,000

(c)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Bonnie

Cone

Classical

Academy,

Series

2024

5.625

06/15/54

1,545,426

5,730,000

(c)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Bonnie

Cone

Classical

Academy,

Series

2024

5.625

06/15/59

4,337,223

1,650,000

(c)

Public

Finance

Authority

of

Wisconsin,

Education

Revenue

Bonds,

Carolina

International

School,

Series

2013A

7.000

08/01/43

1,651,346

3,845,000

Public

Finance

Authority

of

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

National

Gypsum

Company

Project,

Refunding

Series

2016,

(AMT)

4.000

08/01/35

3,684,808

14,000,000

(c)

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

@

Meadowlands

Project,

Series

2017

6.750

12/01/42

10,920,000

5,000,000

(b)

Public

Finance

Authority

of

Wisconsin,

Pollution

Control

Revenue

Bonds,

Duke

Energy

Progress

Project,

Refunding

Series

2022B,

(Mandatory

Put

10/01/30)

4.000

10/01/46

5,070,006

2,735,000

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Revenue

Bonds,

Alabama

Gulf

Coast

Zoo,

Series

2018A

6.500

09/01/48

1,641,000

1,360,000

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Senior

Revenue

Bonds,

Maryland

Proton

Treatment

Center,

Series

2018A-1

6.250

01/01/38

612,000

Portfolio

of

Investments

March

31,

2026

(continued)

All-American

38

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN

(continued)

$

4,065,000

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Senior

Revenue

Bonds,

Maryland

Proton

Treatment

Center,

Series

2018A-1

6.375

%

01/01/48

$

1,829,250

1,000,000

(c),(f)

Public

Finance

Authority

of

Wisconsin,

Senior

Revenue

Bonds,

Maryland

Proton

Treatment

Center,

Series

2018B-2

0.000

01/01/49

500

4,300,000

Public

Finance

Authority

of

Wisconsin,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Refunding

Series

2016A-2

2.875

05/01/27

4,273,457

10,050,000

(c)

Public

Finance

Authority,

Wisconsin,

Educational

Revenue

Bonds,

Lake

Norman

Charter

School,

Series

2018A

5.000

06/15/38

10,049,551

3,525,000

(c)

Public

Finance

Authority,

Wisconsin,

Tax

Increment

Revenue

Senior

Bonds,

World

Center

Project

Series

2024A

5.000

06/01/41

3,529,917

1,465,000

(c)

Public

Finance

Authority,

Wisconsin,

Tax

Increment

Revenue

Subordinate

Bonds,

World

Center

Project

Series

2024B

8.000

06/15/42

1,470,203

15,000,000

Public

Finance

Authority,

Wisconsin,

Toll

Revenue

Bonds,

Georgia

SR

400

Express

Lanes

Project,

Senior

Lien

Series

2025

5.750

06/30/60

15,485,657

11,155,000

Public

Finance

Authority,

Wisconsin,

Toll

Revenue

Bonds,

Georgia

SR

400

Express

Lanes

Project,

Senior

Lien

Series

2025

5.750

12/31/65

11,393,486

5,000,000

Wisconsin

Center

District,

Dedicated

Tax

Revenue

Bonds,

Senior

Series

2020C

0.000

12/15/45

2,026,573

6,495,000

(h)

Wisconsin

Center

District,

Dedicated

Tax

Revenue

Bonds,

Supported

by

State

Moral

Obligation

Junior

Series

2020D,

(Pre-refunded

12/15/30)

0.000

12/15/60

1,691,927

7,500,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Children's

Hospital

of

Wisconsin,

Inc.,

Series

2017

4.000

08/15/42

7,026,674

650,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Dickson

Hollow

Phase

2

Project,

Series

2024

5.450

10/01/39

680,428

1,880,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Dickson

Hollow

Project.

Series

2014

5.250

10/01/39

1,880,421

1,000,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Dickson

Hollow

Project.

Series

2014

5.375

10/01/44

999,999

3,500,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Dickson

Hollow

Project.

Series

2014

5.500

10/01/49

3,425,564

6,000,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Froedtert

Health,

Inc.

Obligated

Group,

Series

2017A

4.000

04/01/39

5,793,834

2,980,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Rogers

Memorial

Hospital,

Inc.,

Series

2014A

5.000

07/01/34

2,982,933

2,100,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Rogers

Memorial

Hospital,

Inc.,

Series

2014A

4.350

07/01/36

2,081,339

5,000,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Woodland

Hills

Senior

Housing

Project,

Series

2014

5.000

12/01/34

4,961,802

4,435,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Woodland

Hills

Senior

Housing

Project,

Series

2014

5.000

12/01/44

3,983,196

4,225,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Woodland

Hills

Senior

Housing

Project,

Series

2014

5.250

12/01/49

3,728,745

22,000,000

Wisconsin

State,

General

Obligation

Bonds,

Series

2026A

5.000

05/01/38

24,689,146

TOTAL

WISCONSIN

154,435,552

TOTAL

MUNICIPAL

BONDS

(Cost

$3,588,986,535)

3,533,589,293

39

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

32

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

0.0%

32

CAPITAL

GOODS

-

0.0%

$

321,690

(f),(i)

KDC

Agribusiness

Fairless

Hills

LLC

12.000

%

09/17/26

$

32

TOTAL

CAPITAL

GOODS

32

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$321,690)

32

SHARES

DESCRIPTION

MATURITY

VALUE

71,850

WARRANTS

-

0.0%

71,850

TRANSPORTATION

-

0.0%

57,480

(i)

BL

Train

Holdings

West

LLC

11/26/35

71,850

TOTAL

TRANSPORTATION

71,850

TOTAL

WARRANTS

(Cost

$0)

71,850

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$3,617,037,975)

3,561,105,955

FLOATING

RATE

OBLIGATIONS

-

(2.6)%

(92,265,000)

OTHER

ASSETS

&

LIABILITIES,

NET

-  0.4%

15,203,979

NET

ASSETS

-

100%

$

3,484,044,934

AMT

Alternative

Minimum

Tax

ETF

Exchange-Traded

Fund

ETM

Escrowed

to

maturity

UB

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction.

Inverse

floating

rate

trust

is

a

Recourse

Trust

unless

otherwise

noted.

(a)

Affiliated

holding

(b)

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

when

applicable.  For

mortgage-backed

or

asset-backed

securities

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(c)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

fiscal

period,

the

aggregate

value

of

these

securities

is

$381,871,642

or

10.8

%

of

Total

Investments.

(d)

When-issued

or

delayed

delivery

security.

(e)

Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

fiscal

period.

(f)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(g)

Investment,

or

portion

of

investment,

has

been

pledged

to

collateralize

the

net

payment

obligations

for

investments

in

derivatives

and/or

inverse

floating

rate

transactions.

(h)

Backed

by

an

escrow

or

trust

containing

sufficient

U.S.

Government

or

U.S.

Government

agency

securities,

which

ensure

the

timely

payment

of

principal

and

interest.

(i)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

40

Portfolio

of

Investments

March

31,

2026

Intermediate

Duration

See

Notes

To

Financial

Statements

SHARES

DESCRIPTION

VALUE

LONG-TERM

INVESTMENTS

-

98.5%

8,732,430

EXCHANGE-TRADED

FUNDS

-

0

.1

%

8,732,430

350,000

(a)

Nuveen

Municipal

Income

ETF

$

8,732,430

TOTAL

EXCHANGE-TRADED

FUNDS

(Cost

$8,602,500)

8,732,430

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MORTGAGE-BACKED

SECURITIES

-

0.5%

–

$

12,925,117

(b)

Federal

Home

Loan

Mortgage

Corporation,

Notes,

Series

2023

23-ML15

4

.140

%

01/25/40

12,819,476

5,295,078

(b)

Freddie

Mac

Multifamily,

Series

2025

ML32

4

.837

03/25/42

5,435,544

4,913,065

Freddie

Mac

Multifamily

ML

Certificates,

Series

2021

21-ML08

1

.877

07/25/37

3,999,728

4,679,276

Freddie

Mac

Multifamily

ML

Certificates,

Series

2024

ML22

4

.547

10/25/40

4,752,126

3,472,449

(b)

Freddie

Mac

Multifamily

ML

Certificates,

Series

2024

ML23

4

.564

04/25/42

3,641,582

4,394,489

(b)

Freddie

Mac

Multifamily

ML

Certificates,

Series

2025

ML30

4

.783

07/25/42

4,586,431

7,797,093

Freddie

Mac

Multifamily

ML

Certificates,

Series

2021

ML10

2

.032

01/25/38

6,258,260

4,552,723

Freddie

Mac

Multifamily

Variable

Rate

Certificate,

Series

2022

M068

3

.150

10/15/36

4,145,175

TOTAL

MORTGAGE-BACKED

SECURITIES

(Cost

$48,916,538)

45,638,322

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

8571322715

MUNICIPAL

BONDS

-

97

.9

%

8571322715

ALABAMA

-

2.4%

1,850,000

Alabama

Housing

Finance

Authority,

Collateralized

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B

4

.250

10/01/39

1,841,811

3,515,000

Alabama

Housing

Finance

Authority,

Collateralized

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B

4

.550

10/01/44

3,500,642

1,360,000

Alabama

Housing

Finance

Authority,

Collateralized

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C

4

.450

10/01/44

1,346,546

4,030,000

Alabama

Housing

Finance

Authority,

Collateralized

Single

Family

Mortgage

Revenue

Bonds,

Series

2024D

4

.300

10/01/44

3,969,550

1,490,000

Alabama

Housing

Finance

Authority,

Collateralized

Single

Family

Mortgage

Revenue

Bonds,

Series

2025B

4

.800

10/01/40

1,532,475

7,630,000

Alabama

State

Port

Authority,

Docks

Facilities

Revenue

Bonds,

Refunding

Series

2017A

-

AGM

Insured,

(AMT)

5

.000

10/01/31

7,779,707

5,080,000

Birmingham-Jefferson

Civic

Center

Authority,

Alabama,

Special

Tax

Bonds,

Series

2018A

4

.000

07/01/37

5,082,934

2,880,000

Birmingham-Jefferson

Civic

Center

Authority,

Alabama,

Special

Tax

Bonds,

Series

2018B

5

.000

07/01/37

2,957,409

6,815,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

PrePay

Revenue

Bonds,

Project

8

Series

2022A,

(Mandatory

Put

12/01/29)

4

.000

12/01/52

6,854,199

3,000,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

PrePay

Revenue

Bonds,

Series

2022F,

(Mandatory

Put

12/01/28)

5

.500

11/01/53

3,140,795

4,000,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2023C,

(Mandatory

Put

6/01/32)

5

.500

10/01/54

4,317,702

5,480,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2024A,

(Mandatory

Put

9/01/32)

5

.250

05/01/55

5,636,310

2,725,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2024C,

(Mandatory

Put

7/01/31)

5

.000

05/01/55

2,891,543

11,015,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025A,

(Mandatory

Put

5/01/32)

5

.250

05/01/56

11,220,109

1,450,000

(c)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025C

5

.250

08/01/27

1,471,700

1,925,000

(c)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025C

5

.250

08/01/28

1,971,790

1,850,000

(c)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025C

5

.250

08/01/30

1,914,579

5,500,000

(b),(c)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025C,

(Mandatory

Put

8/01/34)

5

.500

11/01/56

5,819,581

9,900,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025D,

(Mandatory

Put

8/01/35)

5

.000

12/01/55

10,483,292

41

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ALABAMA

(continued)

$

5,000,000

(b)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Supply

Revenue

Bonds,

Series

2023

Sub

B-2,

(Mandatory

Put

12/01/30)

5

.250

%

12/01/53

$

5,338,899

1,045,000

Chatom

Industrial

Development

Board,

Alabama,

Gulf

Opportunity

Zone

Revenue

Bonds,

PowerSouth

Energy

Cooperative,

Refunding

Series

2020

-

AGM

Insured

5

.000

08/01/26

1,052,272

1,000,000

Chatom

Industrial

Development

Board,

Alabama,

Gulf

Opportunity

Zone

Revenue

Bonds,

PowerSouth

Energy

Cooperative,

Refunding

Series

2020

-

AGM

Insured

5

.000

08/01/28

1,045,312

1,000,000

Chatom

Industrial

Development

Board,

Alabama,

Gulf

Opportunity

Zone

Revenue

Bonds,

PowerSouth

Energy

Cooperative,

Refunding

Series

2020

-

AGM

Insured

5

.000

08/01/30

1,075,367

9,000,000

Energy

Southeast

Cooperative

District,

Alabama,

Energy

Supply

Revenue

Bonds,

Series

2025B

5

.000

09/01/33

9,161,357

3,720,000

Lower

Alabama

Gas

District

Gas

Project

Revenue

Refunding

Bonds,

Equitable

Financial

Life

Insurance

Company

of

America,

Series

2025A

5

.000

12/01/33

3,865,478

2,540,000

Mobile

County

Industrial

Development

Authority,

Alabama,

Solid

Waste

Disposal

Revenue

Bonds,

AM/NS

Calvert

LLC

Project,

Series

2024B,

(AMT)

4

.750

12/01/54

2,335,080

2,235,000

(d)

Montgomery

Medical

Clinic

Board,

Alabama,

Health

Care

Facility

Revenue

Bonds,

Jackson

Hospital

&

Clinic,

Series

2015

5

.000

09/01/25

178,800

1,725,000

(d)

Montgomery

Medical

Clinic

Board,

Alabama,

Health

Care

Facility

Revenue

Bonds,

Jackson

Hospital

&

Clinic,

Series

2015

5

.000

03/01/26

138,000

2,160,000

(b)

Selma

Industrial

Development

Board,

Alabama,

Gulf

Opportunity

Zone

Revenue

Bonds,

International

Paper

Company

Project,

Refunding

Series

2019A,

(Mandatory

Put

10/01/31)

3

.450

11/01/33

2,144,915

5,675,000

(b)

Southeast

Alabama

Gas

Supply

District,

Alabama,

Gas

Supply

Revenue

Bonds,

Project

1,

Refunding

Series

2024A,

(Mandatory

Put

4/01/32)

5

.000

08/01/54

6,016,325

1,000,000

(b)

Southeast

Alabama

Gas

Supply

District,

Alabama,

Gas

Supply

Revenue

Bonds,

Project

2,

Refunding

Series

2024B,

(Mandatory

Put

5/01/32)

5

.000

06/01/49

1,053,249

8,000,000

Southeast

Energy

Authority,

Alabama,

A

Cooperative

District

Energy

Supply

Revenue

Bonds

Series

2024A

5

.000

11/01/35

8,177,690

10,000,000

(b)

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

2,

Series

2021B-1,

(Mandatory

Put

12/01/31)

4

.000

12/01/51

10,054,713

1,820,000

(b)

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

3,

Fixed

Rate

Series

2022A-1,

(Mandatory

Put

12/01/29)

5

.500

01/01/53

1,937,704

13,660,000

(b)

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

4,

Series

2022B-1,

(Mandatory

Put

8/01/28)

5

.000

05/01/53

14,155,049

4,025,000

(b)

Southeast

Energy

Authority,

Alabama,

Energy

Supply

Revenue

Bonds,

Cooperative

District

Series

2025C,

(Mandatory

Put

2/01/31)

5

.000

05/01/55

4,259,385

8,140,000

Southeast

Energy

Authority,

Alabama,

Energy

Supply

Revenue

Bonds,

Cooperative

District

Series

2025E

5

.000

10/01/30

8,640,924

21,395,000

(b)

Southeast

Energy

Authority,

Alabama,

Revenue

Bonds

Cooperative

District

Energy

Supply

Series

2024C,

(Mandatory

Put

11/01/32)

5

.000

10/01/55

22,776,443

4,005,000

Southeast

Energy

Authority,

Alabama,

Revenue

Bonds,

A

Cooperative

District

Energy

Supply

Series

2025D

5

.000

09/01/35

4,313,945

4,250,000

(c)

Tuscaloosa

County

Industrial

Development

Authority,

Alabama,

Gulf

Opportunity

Zone

Bonds,

Hunt

Refining

Project,

Refunding

Series

2019A

5

.250

05/01/44

4,261,778

10,000,000

West

Jefferson,

Alabama,

Industrial

Development

Board

Pollution

Control

Revenue

Bonds,

Alabama

Power

Company,

Refunding

Series

1998

3

.650

06/01/28

10,108,726

TOTAL

ALABAMA

205,824,085

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

42

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ALASKA

-

0.2%

$

5,015,000

Alaska

Housing

Finance

Corporation,

Collateralized

Mortgage

Bonds,

Veterans

Mortgage

Program,

2024

First

Series

4

.000

%

12/01/41

$

4,810,518

4,000,000

Alaska

Housing

Finance

Corporation,

General

Obligation

Bonds,

State

Capital

Project

II,

Series

2024A

5

.000

12/01/39

4,279,022

1,900,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

General

Series

2022A-II

2

.350

12/01/39

1,557,286

1,850,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

Series

2025A-II

6

.000

12/01/56

2,050,181

1,575,000

Northern

Tobacco

Securitization

Corporation,

Alaska,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A

Class

1

5

.000

06/01/28

1,640,233

TOTAL

ALASKA

14,337,240

ARIZONA

-

1.6%

1,040,000

Arizona

Board

of

Regents,

Univeristy

of

Arizona,

SPEED

Revenue

Bonds,

Stimulus

Plan

for

Economic

and

Educational

Development,

Series

2020C.

Forward

Delivery

5

.000

08/01/26

1,048,284

3,000,000

Arizona

Industrial

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

4

.500

04/01/44

2,985,410

1,140,000

Arizona

Industrial

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

5

.000

10/01/45

1,156,643

16,915,000

(e)

Arizona

State,

Certificates

of

Participation,

Refunding

Series

2019A,

(ETM)

5

.000

10/01/27

17,535,065

2,370,000

(b)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2007,

(AMT),

(Mandatory

Put

6/15/28)

4

.100

12/01/37

2,397,540

3,605,000

(b)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2019,

(AMT),

(Mandatory

Put

6/01/29)

4

.000

06/01/49

3,652,125

21,840,000

(b)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2022-2,

(AMT),

(Mandatory

Put

9/01/27)

5

.000

09/01/52

22,189,696

7,830,000

Chandler,

Arizona,

Excise

Tax

Revenue

Bonds,

Series

2026

5

.000

07/01/35

9,018,265

6,970,000

Chandler,

Arizona,

General

Obligation

Bonds,

Series

2026

5

.000

07/01/35

8,033,810

10,185,000

Chandler,

Arizona,

General

Obligation

Bonds,

Series

2026

5

.000

07/01/36

11,767,906

800,000

Glendale

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Midwestern

University,

Refunding

Series

2020

4

.000

05/15/26

801,293

1,000,000

Glendale

Union

High

School

District

205,

Maricopa

County,

Arizona,

General

Obligation

Bonds,

School

Improvement,

Project

2024,

Series

2024A

5

.000

07/01/42

1,084,433

1,000,000

Glendale,

Arizona,

Excise

Tax

Revenue

Bonds,

Refunding

Senior

Series

2024

5

.000

07/01/26

1,006,220

1,825,000

Maricopa

County

and

Phoenix

City

Industrial

Development

Authority,

Arizona,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C

4

.625

09/01/44

1,825,648

890,000

(c)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Series

2021A

4

.000

07/01/41

790,306

1,950,000

(c)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Education

Revenue

Bonds,

Legacy

Traditional

Schools

Projects,

Taxable

Series

2019B

5

.000

07/01/39

1,965,042

460,000

Maricopa

County

Industrial

Development

Authority,

Arizona,

Hospital

Revenue

Bonds,

HonorHealth,

Series

2021A

5

.000

09/01/27

475,165

2,170,000

Maricopa

County

Pollution

Control

Corporation,

Arizona,

Pollution

Control

Revenue

Bonds,

El

Paso

Electric

Company,

Refunding

Series

2009A

3

.600

02/01/40

1,990,731

1,850,000

Maricopa

County

Unified

School

District

69

Paradise

Valley,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2023

Series

2025B

5

.000

07/01/32

2,081,748

1,500,000

Maricopa

County

Unified

School

District

69

Paradise

Valley,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2023,

Series

2025A

5

.000

07/01/30

1,640,825

3,615,000

Northern

Arizona

University,

Revenue

Bonds,

SPEED

-

Stimulus

Plan

Economic

Educational

Development

Fund,

Refunding

Series

2020B

-

AGM

Insured

5

.000

08/01/26

3,645,618

43

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ARIZONA

(continued)

$

4,220,000

Northern

Arizona

University,

Revenue

Bonds,

SPEED

-

Stimulus

Plan

Economic

Educational

Development

Fund,

Refunding

Series

2020B

-

AGM

Insured

5

.000

%

08/01/27

$

4,360,696

3,975,000

Northern

Arizona

University,

Revenue

Bonds,

SPEED

-

Stimulus

Plan

Economic

Educational

Development

Fund,

Refunding

Series

2020B

-

AGM

Insured

5

.000

08/01/28

4,180,840

705,000

Paradise

Valley

Unified

School

District

No.

69,

Maricopa

County,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2019,

Series

2022D

5

.000

07/01/37

766,316

9,405,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Transportation

Excise

Tax

Revenue

Bonds,

Series

2025

5

.000

07/01/32

10,588,902

5,000,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Transportation

Excise

Tax

Revenue

Bonds,

Series

2025

5

.000

07/01/36

5,724,829

1,210,000

Pima

County

Unified

School

District

1,

Tucson,

Arizona,

General

Obligation

Bonds,

Project

of

2023

School

Improvement

Series

2024A

-

AGM

Insured

5

.000

07/01/36

1,337,444

1,160,000

Pinal

County,

Arizona,

Pledged

Revenue

Obligations,

Refunding

Series

2025

-

BAM

Insured

5

.000

08/01/34

1,316,830

835,000

Pinal

County,

Arizona,

Pledged

Revenue

Obligations,

Series

2025

-

BAM

Insured

5

.000

08/01/34

947,890

1,235,000

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

5

.000

12/01/32

1,314,723

1,120,000

Salt

Verde

Financial

Corporation,

Arizona,

Senior

Gas

Revenue

Bonds,

Citigroup

Energy

Inc

Prepay

Contract

Obligations,

Series

2007

5

.000

12/01/37

1,182,880

1,000,000

Tempe,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

07/01/35

1,150,890

5,000,000

Tempe,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

07/01/36

5,707,608

1,000,000

Tucson,

Arizona,

Water

System

Revenue

Bonds,

Obligations

Series

2024

5

.000

07/01/41

1,094,552

1,000,000

Tucson,

Arizona,

Water

System

Revenue

Bonds,

Obligations

Series

2024

5

.000

07/01/42

1,089,609

TOTAL

ARIZONA

137,855,782

ARKANSAS

-

0.8%

20,000,000

(b),(c)

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Series

2026A,

(AMT),

(Mandatory

Put

3/01/33)

4

.000

09/01/46

19,912,512

3,140,000

(c)

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2022,

(AMT)

5

.450

09/01/52

3,165,695

1,165,000

Arkansas

Development

Finance

Authority,

Arkansas,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation,

Green

Series

2023,

(AMT)

5

.700

05/01/53

1,187,367

5,000,000

(b)

Arkansas

Development

Finance

Authority,

Resource

Recovery

Revenue

Bonds,

Weyerhaeuser

Company

Project,

Series

2025,

(AMT),

(Mandatory

Put

10/15/32)

3

.875

10/15/65

4,978,153

11,415,000

(b)

Arkansas

Development

Finance

Authority,

Revenue

Bonds,

Baptist

Memorial

Health

Care,

Refunding

Series

2020B-2,

(Mandatory

Put

9/01/27)

5

.000

09/01/44

11,640,929

160,000

Arkansas

Development

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2024A

4

.100

07/01/39

158,120

1,195,000

Arkansas

Development

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2024A

4

.450

07/01/44

1,187,610

2,750,000

Arkansas

Development

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2025A

4

.600

07/01/45

2,743,332

610,000

Arkansas

State

University,

Student

Fee

Revenue

Bonds,

Jonesboro

Campus,

Refunding

Series

2024B

5

.000

12/01/37

666,908

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

44

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ARKANSAS

(continued)

$

620,000

Arkansas

State

University,

Student

Fee

Revenue

Bonds,

Jonesboro

Campus,

Refunding

Series

2024B

5

.000

%

12/01/38

$

673,222

705,000

Arkansas

State

University,

Student

Fee

Revenue

Bonds,

Jonesboro

Campus,

Refunding

Series

2024B

5

.000

12/01/40

757,172

2,305,000

Hot

Springs

School

District

6,

Garland

County,

Arkansas,

General

Obligation

Bonds,

Refunding

Series

2021

2

.000

06/01/29

2,178,495

2,500,000

Hot

Springs

School

District

6,

Garland

County,

Arkansas,

General

Obligation

Bonds,

Refunding

Series

2021

2

.000

06/01/30

2,312,520

2,905,000

Hot

Springs

School

District

6,

Garland

County,

Arkansas,

General

Obligation

Bonds,

Refunding

Series

2021

2

.000

06/01/31

2,624,797

1,610,000

Little

Rock,

Arkansas,

Hotel

and

Restaurant

Gross

Receipts

Tax

Bonds,

Series

2014

5

.000

07/01/26

1,612,640

1,500,000

Little

Rock,

Arkansas,

Hotel

and

Restaurant

Gross

Receipts

Tax

Bonds,

Series

2014

5

.000

07/01/28

1,503,050

1,935,000

Little

Rock,

Arkansas,

Hotel

and

Restaurant

Gross

Receipts

Tax

Bonds,

Series

2014

5

.000

07/01/29

1,938,952

1,005,000

Little

Rock,

Arkansas,

Hotel

and

Restaurant

Gross

Receipts

Tax

Bonds,

Series

2014

5

.000

07/01/30

1,007,061

4,595,000

Little

Rock,

Arkansas,

Hotel

and

Restaurant

Gross

Receipts

Tax

Bonds,

Series

2014

5

.000

07/01/34

4,603,563

715,000

Pulaski

County

Public

Facilities

Board,

Arkansas,

Healthcare

Revenue

Bonds,

Baptist

Health,

Series

2014

5

.000

12/01/27

716,067

1,245,000

University

of

Arkansas,

Fayetteville,

Various

Facilities

Revenue

Bonds,

Refunding

&

Improvement

Series

2019A

5

.000

11/01/34

1,309,860

1,265,000

University

of

Arkansas,

Fayetteville,

Various

Facilities

Revenue

Bonds,

Refunding

&

Improvement

Series

2019A

5

.000

11/01/35

1,326,461

1,000,000

University

of

Arkansas,

Various

Facilities

Revenue

Bonds,

UAMS

Campus,

Refunding

Series

2025

5

.000

09/01/32

1,119,241

TOTAL

ARKANSAS

69,323,727

CALIFORNIA

-

4.4%

9,005,000

Bay

Area

Toll

Authority,

California,

Revenue

Bonds,

San

Francisco

Bay

Area

Toll

Bridge,

Series

2026F-1

5

.000

04/01/42

10,581,495

5,000,000

Bay

Area

Toll

Authority,

California,

Revenue

Bonds,

San

Francisco

Bay

Area

Toll

Bridge,

Series

2026F-1

5

.000

04/01/43

5,848,328

5,000,000

Bay

Area

Toll

Authority,

California,

Revenue

Bonds,

San

Francisco

Bay

Area

Toll

Bridge,

Series

2026F-1

5

.000

04/01/44

5,805,929

3,755,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023F,

(Mandatory

Put

11/01/30)

5

.500

10/01/54

4,085,412

8,880,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024B,

(Mandatory

Put

12/01/32)

5

.000

01/01/55

9,071,852

7,500,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024D,

(Mandatory

Put

9/01/32)

5

.000

02/01/55

8,037,143

8,860,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024H,

(Mandatory

Put

8/01/33)

5

.000

01/01/56

9,592,684

15,450,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025C,

(Mandatory

Put

10/01/33)

5

.000

12/01/55

16,118,310

10,000,000

(b)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025D,

(Mandatory

Put

7/01/34)

5

.000

10/01/55

10,101,156

4,920,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025G

5

.000

12/01/35

5,329,290

5,000,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Term

Rate

Series

2025F

5

.000

11/01/33

5,352,752

1,430,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

5

.000

06/01/30

1,518,774

45

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

1,310,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

5

.000

%

06/01/32

$

1,376,229

635,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

5

.000

06/01/33

663,517

350,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

4

.000

06/01/34

348,589

2,190,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

4

.000

06/01/36

2,152,539

3,000,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

4

.000

06/01/38

2,889,250

1,580,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

4

.000

06/01/40

1,482,355

3,420,000

(b)

California

Educational

Facilities

Authority,

Revenue

Bonds,

Stanford

University

Series

2025V-5,

(Mandatory

Put

3/01/35)

5

.000

03/01/55

4,044,074

1,205,000

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Children's

Hospital

Los

Angeles,

Series

2017A

5

.000

08/15/35

1,204,636

1,345,000

California

Health

Facilities

Financing

Authority,

Revenue

Bonds,

Children's

Hospital

Los

Angeles,

Series

2017A

5

.000

08/15/36

1,344,787

15,911,335

California

Housing

Finance

Agency,

Municipal

Certificate

Revenue

Bonds,

Class

A

Series

2021-2

3

.750

03/25/35

16,023,723

2,762,356

California

Housing

Finance

Agency,

Municipal

Certificate

Revenue

Bonds,

Class

A

Series

2021-3

3

.250

08/20/36

2,641,802

4,135,000

California

Infrastructure

and

Economic

Development

Bank,

Revenue

Bonds,

California

Academy

of

Sciences,

San

Francisco,

Series

2024A

3

.250

08/01/29

4,176,945

6,730,000

(b)

California

Infrastructure

and

Economic

Development

Bank,

Revenue

Bonds,

J

Paul

Getty

Trust,

Refunding

Series

2020B-2,

(Mandatory

Put

10/01/26)

3

.000

10/01/47

6,733,895

1,090,000

California

Infrastructure

and

Economic

Development

Bank,

Revenue

Bonds,

UCSF

Clinical

and

Life

Sciences

Building,

Series

2025

5

.000

05/15/36

1,267,073

1,000,000

California

Infrastructure

and

Economic

Development

Bank,

Revenue

Bonds,

UCSF

Clinical

and

Life

Sciences

Building,

Series

2025

5

.000

05/15/37

1,153,472

5,950,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Linxs

APM

Project,

Senior

Lien

Series

2018A

-

AGM

Insured,

(AMT)

3

.250

12/31/32

5,658,343

4,000,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Linxs

APM

Project,

Senior

Lien

Series

2018A,

(AMT)

5

.000

12/31/33

4,114,377

5,000,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Linxs

APM

Project,

Senior

Lien

Series

2018A,

(AMT)

5

.000

12/31/34

5,133,216

3,750,000

(b)

California

Municipal

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.

Project,

Series

2021B,

(AMT),

(Mandatory

Put

7/15/26)

3

.250

07/01/51

3,750,227

4,685,000

(b)

California

Municipal

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.

Project,

Series

2026A,

(AMT),

(Mandatory

Put

6/15/26)

2

.800

03/01/56

4,681,828

4,525,000

(b)

California

Municipal

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.

Project,

Series

2024A,

(AMT),

(Mandatory

Put

6/01/26)

2

.875

11/01/46

4,522,633

2,590,000

(c)

California

Pollution

Control

Financing

Authority

Water

Furnishing

Revenue

Bonds

(Poseidon

Resources

(Channelside)

LP

Desalination

Project),

Series

2023

(AMT),

(AMT)

5

.000

07/01/34

2,800,924

2,500,000

(c)

California

Pollution

Control

Financing

Authority

Water

Furnishing

Revenue

Bonds

(Poseidon

Resources

(Channelside)

LP

Desalination

Project),

Series

2023

(AMT),

(AMT)

5

.000

07/01/35

2,691,323

2,500,000

(c)

California

Pollution

Control

Financing

Authority

Water

Furnishing

Revenue

Bonds

(Poseidon

Resources

(Channelside)

LP

Desalination

Project),

Series

2023

(AMT),

(AMT)

5

.000

07/01/36

2,673,576

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

46

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

7,505,000

(b),(c)

California

Pollution

Control

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.,

Refunding

Series

2023,

(AMT),

(Mandatory

Put

8/17/26)

2

.875

%

07/01/43

$

7,495,236

6,055,000

California

Pollution

Control

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Refunding

Series

2015A-2,

(AMT)

3

.625

07/01/27

6,056,020

4,900,000

(b)

California

Pollution

Control

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Refunding

Series

2015B-2,

(AMT),

(Mandatory

Put

11/02/26)

3

.450

11/01/40

4,902,061

15,140,000

California

State,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

2019

5

.000

11/01/37

15,836,273

2,120,000

California

State,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

2024

5

.000

09/01/43

2,304,308

18,255,000

California

State,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

2026

5

.000

10/01/39

19,729,398

10,500,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025

5

.000

08/01/30

11,505,430

4,450,000

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2014A

5

.250

12/01/29

4,455,295

1,500,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A

5

.000

12/01/27

1,504,371

2,695,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A

5

.000

12/01/31

2,701,052

4,200,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A

5

.000

12/01/36

4,206,404

6,180,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A

5

.000

12/01/41

6,185,465

885,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2018A

5

.000

12/01/28

917,866

2,530,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2018A

5

.000

12/01/33

2,606,122

3,790,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2018A

5

.250

12/01/38

3,884,841

4,900,000

(b)

Central

Valley

Energy

Authority,

California,

Commodity

Supply

Revenue

Bonds,

Series

2025,

(Mandatory

Put

8/01/35)

5

.000

12/01/55

5,276,807

455,000

Colton

Joint

Unified

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

Election

of

2024

Series

2025A

-

BAM

Insured

0

.000

08/01/39

262,114

575,000

Colton

Joint

Unified

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

Election

of

2024

Series

2025A

-

BAM

Insured

0

.000

08/01/40

313,539

750,000

Colton

Joint

Unified

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

Election

of

2024

Series

2025A

-

BAM

Insured

0

.000

08/01/44

326,544

6,000,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Escondido

Portfolio,

Social

Senior

Lien

Series

2021A-1

3

.000

06/01/48

4,202,031

6,605,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Monterrey

Station

Apartments,

Senior

Lien

Series

2021A-1

3

.000

07/01/43

5,293,494

4,045,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Pasadena

Portfolio

Social

Bond,

Series

2021A-1

2

.650

12/01/46

3,403,424

5,145,000

(c)

CSCDA

Community

Improvement

Authority,

California,

Essential

Housing

Revenue

Bonds,

Wood

Creek

Apartments,

Senior

Lien

Series

2021A-1

3

.000

12/01/49

3,612,663

47

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

1,430,000

El

Dorado

Union

High

School

District,

El

Dorado

County,

California,

General

Obligation

Bonds,

Series

2020

-

AGM

Insured

5

.000

%

08/01/33

$

1,471,737

2,200,000

El

Dorado

Union

High

School

District,

El

Dorado

County,

California,

General

Obligation

Bonds,

Series

2020

-

AGM

Insured

5

.000

08/01/34

2,261,582

7,715,000

Golden

State

Tobacco

Securitization

Corporation,

California,

Tobacco

Settlement

Asset-Backed

Bonds,

Capital

Appreciation

Series

2021B-2

0

.000

06/01/66

773,165

4,125,000

Golden

State

Tobacco

Securitization

Corporation,

California,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Series

2022A-1

5

.000

06/01/51

4,043,110

1,320,000

Grant

Joint

Union

High

School

District,

Sacramento

County,

California,

General

Obligation

Bonds,

Capital

Appreciation

Election

2006

Series

2008

-

AGM

Insured

0

.000

08/01/26

1,308,358

2,015,000

Las

Virgenes

Unified

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

2006

Election,

Series

2009B

0

.000

08/01/27

1,947,755

5,000,000

(f)

Long

Beach

Unified

School

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Election

of

2016,

Series

2026D

4

.000

08/01/47

4,753,386

5,000,000

Los

Angeles

Department

of

Water

and

Power,

California,

Power

System

Revenue

Bonds,

Series

2025A

5

.000

07/01/28

5,178,586

4,980,000

Los

Angeles,

California,

Wastewater

System

Revenue

Bonds,

Refunding

Series

2025A

5

.000

06/01/37

5,832,590

5,440,000

Mount

San

Antonio

Community

College

District,

Los

Angeles

County,

California,

General

Obligation

Bonds,

Election

of

2008,

Series

2013A

5

.875

08/01/28

5,753,137

8,500,000

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009A

6

.125

11/01/29

8,914,048

6,770,000

M-S-R

Energy

Authority,

California,

Gas

Revenue

Bonds,

Citigroup

Prepay

Contracts,

Series

2009C

6

.125

11/01/29

7,098,992

1,020,000

Orange

County

Local

Transportation

Authority,

California,

Measure

M2

Sales

Tax

Revenue

Bonds,

Refunding

Limited

Tax,

Series

2025

5

.000

02/15/35

1,210,916

8,040,000

Palomar

Pomerado

Health,

California,

General

Obligation

Bonds,

Convertible

Capital

Appreciation,

Election

2004

Series

2010A

6

.750

08/01/40

8,473,781

5,355,000

Poway

Unified

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

School

Facilities

Improvement

District

2007-1,

Series

2011A

0

.000

08/01/34

4,059,080

2,115,000

Riverside

County

Redevelopment

Agency,

California,

Tax

Allocation

Bonds,

Jurupa

Valley

Project

Area,

Series

2011B

0

.000

10/01/34

1,555,365

2,000,000

Riverside

County

Redevelopment

Agency,

California,

Tax

Allocation

Bonds,

Jurupa

Valley

Project

Area,

Series

2011B

0

.000

10/01/36

1,340,817

1,165,000

San

Bernardino

Community

College

District,

California,

General

Obligation

Bonds,

Election

of

2008

Series

2025F

0

.000

08/01/45

448,555

5,000,000

San

Bernardino

Community

College

District,

California,

General

Obligation

Bonds,

Election

of

2008

Series

2025F

0

.000

08/01/46

1,796,552

7,200,000

San

Bernardino

Community

College

District,

California,

General

Obligation

Bonds,

Election

of

2008

Series

2025F

0

.000

08/01/47

2,418,735

5,000,000

San

Francisco

Airport

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Refunding

Second

Series

2023A,

(AMT)

5

.000

05/01/27

5,109,207

3,000,000

San

Francisco

Airport

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Refunding

Second

Series

2024A,

(AMT)

5

.000

05/01/29

3,188,839

2,250,000

(f)

San

Mateo

Union

High

School

District,

San

Mateo

County,

California,

General

Obligation

Bonds,

Refunding

Series

2026.

Forward

Delivery

5

.000

09/01/33

2,618,763

1,825,000

(f)

San

Mateo

Union

High

School

District,

San

Mateo

County,

California,

General

Obligation

Bonds,

Refunding

Series

2026.

Forward

Delivery

5

.000

09/01/34

2,147,956

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

48

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

1,730,000

Santa

Barbara

Community

College

District,

California,

General

Obligation

Bonds,

Election

of

2024

Series

2025A

0

.000

%

08/01/43

$

775,256

3,000,000

Victor

Valley

Union

High

School

District,

San

Bernardino

County,

California,

General

Obligation

Bonds,

20008

Election

Series

2009A

-

AGC

Insured

5

.750

08/01/31

3,028,837

1,450,000

Washington

Township

Health

Care

District,

California,

Revenue

Bonds,

Refunding

Series

2015A

3

.250

07/01/27

1,446,630

1,435,000

Washington

Township

Health

Care

District,

California,

Revenue

Bonds,

Refunding

Series

2015A

3

.500

07/01/28

1,428,200

1,355,000

Washington

Township

Health

Care

District,

California,

Revenue

Bonds,

Refunding

Series

2015A

3

.750

07/01/29

1,351,903

TOTAL

CALIFORNIA

383,689,054

COLORADO

-

3.1%

6,185,000

Adams

and

Arapahoe

Counties

Joint

School

District

28J,

Aurora,

Colorado,

General

Obligation

Bonds,

Series

2025

5

.500

12/01/37

7,297,671

5,695,000

Adams

and

Arapahoe

Counties

Joint

School

District

28J,

Aurora,

Colorado,

General

Obligation

Bonds,

Series

2025

5

.500

12/01/38

6,673,284

3,810,000

Adams

and

Arapahoe

Counties

Joint

School

District

28J,

Aurora,

Colorado,

General

Obligation

Bonds,

Series

2025

5

.500

12/01/39

4,429,583

2,955,000

Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2021

4

.250

12/01/41

2,694,540

1,600,000

(c)

Aerotropolis

Regional

Transportation

Authority,

Colorado,

Special

Revenue

Bonds,

Series

2024

5

.500

12/01/44

1,629,567

3,015,000

Arapahoe

County

School

District

6,

Littleton,

Colorado,

General

Obligation

Bonds,

Series

2019A

5

.500

12/01/32

3,222,074

1,255,000

Arapahoe

County

School

District

6,

Littleton,

Colorado,

General

Obligation

Bonds,

Series

2019A

5

.500

12/01/33

1,338,452

1,000,000

Broomfield,

Colorado,

Water

Activity

Enterprise

Water

Revenue

Bonds,

Series

2026

5

.000

12/01/30

1,100,466

6,132,000

(c)

Centerra

Metropolitan

District

1,

Loveland,

Colorado,

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2017

5

.000

12/01/29

6,140,188

1,115,000

Centerra

Metropolitan

District

1,

Loveland,

Colorado,

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2020A

4

.000

12/01/29

1,114,801

6,000,000

Cherry

Creek

School

District

5,  Arapahoe

County,

Colorado,

General

Obligation

Bonds,

Series

2024

5

.250

12/15/44

6,607,048

11,210,000

Colorado

Bridge

Enterprise,

Revenue

Bonds,

Central

70

Project,

Senior

Series

2017,

(AMT)

4

.000

06/30/51

9,298,336

10,000

(c)

Colorado

Educational

and

Cultural

Facilities

Authority,

Charter

School

Revenue

Bonds,

Loveland

Classical

Schools

Project,

Series

2016

3

.750

07/01/26

9,998

6,495,000

(c)

Colorado

Educational

and

Cultural

Facilities

Authority,

Cultural

Facilities

Revenue

Bonds,

Stanley

Project,

Senior

Lien

Series

2025A-1

6

.500

02/01/45

6,761,091

1,235,000

Colorado

Educational

and

Cultural

Facilities

Authority,

Revenue

Bonds,

Regis

University

Project,

Refunding

Series

2016

5

.000

10/01/30

1,124,396

1,715,000

Colorado

Educational

and

Cultural

Facilities

Authority,

Revenue

Bonds,

Regis

University

Project,

Refunding

Series

2016

3

.125

10/01/31

1,383,612

5,070,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

AdventHealth

Obligated

Group,

Series

2019A

5

.000

11/15/37

5,311,995

840,000

(b)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

AdventHealth

Obligated

Group,

Series

2024A,

(Mandatory

Put

11/15/29)

5

.000

11/15/59

899,292

4,710,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-2

5

.000

08/01/36

4,892,579

33,615,000

(b)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019B-2,

(Mandatory

Put

8/01/26)

5

.000

08/01/49

33,649,281

2,000,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Covenant

Living

Communities

&

Services,

Series

2020A

4

.000

12/01/40

1,927,847

405,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Covenant

Living

Communities

&

Services,

Series

2025A

5

.125

12/01/45

413,184

14,655,000

(e)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Parkview

Medical

Center,

Series

2016,

(Pre-refunded

9/01/26)

3

.125

09/01/42

14,689,926

49

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

1,000,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

SCL

Health

System,

Refunding

Series

2019A

4

.000

%

01/01/36

$

1,006,721

2,755,000

Colorado

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Class

I

Series

2021E

2

.125

11/01/42

1,924,695

6,510,000

Colorado

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Class

I

Series

2021H

2

.000

05/01/42

4,466,021

7,345,000

Colorado

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Class

I

Series

2024A-1

6

.000

11/01/55

8,129,926

24,465,000

Colorado

State

Education

Loan

Program,

Tax

and

Revenue

Anticipation

Notes,Series

2025B

5

.000

06/30/26

24,614,579

14,116,557

Dawson

Trails

Metropolitan

District

1,

Colorado,

In

The

Town

of

Castle

Rock,

Limited

Tax

General

Obligation

Capital

Appreciation

Turbo

Bonds,

Series

2024

0

.000

12/01/31

9,214,413

1,705,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Series

2022D,

(AMT)

5

.750

11/15/34

1,946,287

875,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Series

2022D,

(AMT)

5

.750

11/15/35

993,154

5,140,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2018A,

(AMT)

5

.000

12/01/35

5,313,836

1,355,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2023B,

(AMT)

5

.000

11/15/26

1,371,997

3,590,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2023B,

(AMT)

5

.000

11/15/27

3,704,582

8,645,000

Denver

City

and

County,

Colorado,

Special

Facilities

Airport

Revenue

Bonds,

United

Airlines,

Inc.

Project,

Refunding

Series

2017,

(AMT)

5

.000

10/01/32

8,651,629

1,500,000

Denver

Convention

Center

Hotel

Authority,

Colorado,

Revenue

Bonds,

Convention

Center

Hotel,

Refunding

Senior

Lien

Series

2016

5

.000

12/01/31

1,511,383

500,000

Denver

Convention

Center

Hotel

Authority,

Colorado,

Revenue

Bonds,

Convention

Center

Hotel,

Refunding

Senior

Lien

Series

2016

5

.000

12/01/32

503,502

645,000

Denver

Convention

Center

Hotel

Authority,

Colorado,

Revenue

Bonds,

Convention

Center

Hotel,

Refunding

Senior

Lien

Series

2016

5

.000

12/01/33

649,126

3,035,000

Denver

School

District

1,

Colorado,

General

Obligation

Bonds,

Series

2025B

5

.000

12/01/27

3,160,580

1,665,000

(c)

Denver

Urban

Renewal

Authority,

Colorado,

Tax

Increment

Revenue

Bonds,

9th

and

Colorado

Urban

Redevelopment

Area,

Series

2018A

5

.250

12/01/39

1,669,110

310,000

(c)

Denver

Urban

Renewal

Authority,

Colorado,

Tax

Increment

Revenue

Bonds,

9th

and

Colorado

Urban

Redevelopment

Area,

Series

2018A

5

.250

12/01/39

310,664

10,350,000

Denver,

Colorado,

General

Obligation

Bonds,

Vibrant

Denver

Series

2026A

5

.500

08/01/42

11,922,072

9,670,000

Denver,

Colorado,

General

Obligation

Bonds,

Vibrant

Denver

Series

2026A

5

.500

08/01/43

11,062,153

5,900,000

(c)

Falcon

Area

Water

and

Wastewater

Authority

(El

Paso

County,

Colorado),

Tap

Fee

Revenue

Bonds,

Series

2022A

6

.750

12/01/34

5,891,929

5,520,000

Fort

Collins-Loveland

Water

District,

Larimer

and

Weld

Counties,

Colorado,

Water

Revenue

Bonds,

Series

2025

5

.000

12/01/32

6,232,000

1,000,000

Fort

Collins-Loveland

Water

District,

Larimer

and

Weld

Counties,

Colorado,

Water

Revenue

Bonds,

Series

2025

5

.000

12/01/33

1,139,503

576,000

Independence

Water

&

Sanitation

District,

Elbert

County,

Colorado,

Special

Revenue

Bonds,

Refunding

and

Improvement

Series

2024

5

.125

12/01/33

592,509

2,205,000

Metropolitan

Wastewater

Reclamation

District,

Colorado,

Sewer

Revenue

Bonds,

Improvement

Series

2026A

4

.125

04/01/47

2,099,867

1,040,000

(c)

Peak

Metropolitan

District

1,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Series

2021A

4

.000

12/01/35

936,347

3,945,000

(g)

Peak

Metropolitan

District

3,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

Convertible

Capital

Appreciation

Bonds,

Series

2022A-2

0

.000

12/01/42

2,892,468

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

50

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

750,000

Rampart

Range

Metropolitan

District

5,

Lone

Tree,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Series

2021

4

.000

%

12/01/36

$

708,796

600,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5

.000

01/15/28

616,998

550,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5

.000

07/15/28

570,773

750,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5

.000

01/15/29

783,753

500,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5

.000

07/15/29

525,834

555,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5

.000

01/15/30

587,047

445,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5

.000

07/15/30

473,132

1,035,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5

.000

01/15/31

1,105,484

3,400,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

4

.000

07/15/40

3,217,675

2,100,000

Riverwalk

Metropolitan

District

2,

Glendale,

Arapahoe

County,

Colorado,

Special

Revenue

Bonds,

Series

2022A

4

.500

12/01/32

1,977,573

9,095,000

Riverwalk

Metropolitan

District

2,

Glendale,

Arapahoe

County,

Colorado,

Special

Revenue

Bonds,

Series

2022A

5

.000

12/01/42

8,405,985

1,060,000

Snowmass

Water

and

Sanitation

District,

Pitkin

County,

Colorado,

General

Obligation

Bonds,

Series

2016

5

.000

12/01/36

1,070,602

1,000,000

Spring

Mesa

Metropolitan

District,

Jefferson

County,

Colorado,

General

Obligation

Bonds,

Refunding

Series

2015

-

AGC

Insured

3

.750

12/01/44

920,299

600,000

Sterling

Ranch

Community

Authority

Board,

Douglas

County,

Colorado,

Limited

Tax

Supported

and

Special

Revenue

Bonds,

Special

District

4,

Series

2024A

6

.125

12/01/39

621,283

730,000

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Series

2021A-1

5

.000

12/01/41

637,517

1,025,000

West

Globeville

Metropolitan

District

1,

Denver,

Colorado,

General

Obligation

Limited

Tax

Bonds,

Series

2022

6

.250

12/01/32

1,032,344

TOTAL

COLORADO

267,775,359

CONNECTICUT

-

1.7%

5,050,000

(b)

Connecticut

Health

and

Educational

Facilities

Authority,

Chefa

Revenue

Bonds,

Yale

University,

Remarketing

Series

2017B-2,

(Mandatory

Put

7/01/26)

3

.200

07/01/37

5,057,445

1,890,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

5

.000

07/01/33

1,955,981

4,790,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

4

.000

07/01/34

4,799,146

10,000,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Nuvance

Health

Series

2019A

4

.000

07/01/35

9,976,721

700,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Stamford

Hospital,

Series

2021L-1

4

.000

07/01/26

701,218

1,125,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Stamford

Hospital,

Series

2021L-1

4

.000

07/01/27

1,136,606

775,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Stamford

Hospital,

Series

2021L-1

4

.000

07/01/28

787,826

600,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Stamford

Hospital,

Series

2021L-1

4

.000

07/01/29

612,187

4,500,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Yale

University,

Remarketing

Series

1999U

5

.000

07/01/33

5,118,411

11,140,000

(b)

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Yale

University,

Series

2016A-2,

(Mandatory

Put

7/01/26)

2

.000

07/01/42

11,123,431

1,220,000

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Yale

University,

Variable

Rate

Demand

Obligations,

Series

2001V-1

5

.000

07/01/36

1,403,851

51

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CONNECTICUT

(continued)

$

3,790,000

(b)

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Yale-New

Haven

Health

Issue,

Series

2024B,

(Mandatory

Put

7/01/29)

5

.000

%

07/01/49

$

4,034,326

1,170,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2018D-1

4

.000

11/15/38

1,143,612

2,020,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2019B-1

3

.300

11/15/39

1,793,013

1,540,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2019E-1

2

.850

11/15/39

1,311,889

5,570,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2019F-1

2

.750

11/15/37

4,771,858

5,180,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020A-1

2

.450

05/15/38

4,191,334

2,035,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020A-1

3

.500

11/15/45

2,026,404

5,000,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020D-1

2

.350

11/15/40

3,894,205

2,850,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020E-1

2

.350

11/15/40

2,226,245

10,050,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020E-3

1

.850

05/15/38

7,385,886

11,105,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2021B-1

2

.100

11/15/40

8,367,650

22,870,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2021D-1

2

.300

11/15/41

17,178,503

1,025,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2025A-1

4

.500

11/15/45

1,011,479

2,000,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Sustainability

Green

Series

2024D-1

4

.550

11/15/44

2,006,393

2,150,000

Connecticut

State,

General

Obligation

Bonds,

Refunding

Series

2023B

5

.000

08/01/26

2,167,849

8,955,000

Connecticut

State,

General

Obligation

Bonds,

Refunding

Series

2025D

5

.000

08/15/30

9,818,486

5,400,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2024B

5

.000

07/01/28

5,697,067

4,060,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2024B

5

.000

07/01/29

4,366,360

2,900,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2025A

5

.000

07/01/31

3,217,165

5,000,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2025A

5

.000

07/01/32

5,611,109

8,000,000

Greenwich,

Connecticut,

General

Obligation

Bonds,

Bond

Anticipation

Notes,

Series

2026

4

.000

02/04/27

8,108,607

1,000,000

New

Haven,

Connecticut,

General

Obligation

Bonds,

Series

2025

5

.000

08/01/31

1,096,655

1,350,000

New

Haven,

Connecticut,

General

Obligation

Bonds,

Series

2025

5

.000

08/01/32

1,495,723

TOTAL

CONNECTICUT

145,594,641

DELAWARE

-

0.3%

2,855,000

(b)

Delaware

Economic

Development

Authority,

Exempt

Facility

Revenue

Bonds,

NRG

Energy

Project,

Refunding

Series

2020B,

(Mandatory

Put

10/01/35)

4

.000

10/01/40

2,811,280

2,505,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

4

.450

07/01/44

2,489,509

1,270,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B

4

.200

07/01/39

1,266,590

690,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024B

4

.600

07/01/44

688,355

1,320,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C

4

.450

07/01/44

1,311,837

2,040,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024D

4

.300

07/01/44

2,009,550

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

52

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

DELAWARE

(continued)

$

1,260,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

4

.200

%

07/01/40

$

1,256,340

3,240,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2025B

4

.650

07/01/40

3,306,387

1,750,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Taxable

Series

2025D

4

.750

07/01/40

1,796,758

3,455,000

University

of

Delaware,

Revenue

Bonds,

Series

2025A

5

.000

11/01/32

3,904,037

715,000

Wilmington,

Delaware,

General

Obligation

Bonds,

Series

2025

5

.000

01/01/34

812,655

980,000

Wilmington,

Delaware,

General

Obligation

Bonds,

Series

2025

5

.000

01/01/35

1,120,893

TOTAL

DELAWARE

22,774,191

DISTRICT

OF

COLUMBIA

-

1.5%

2,645,000

District

of

Columbia

Student

Dormitory

Revenue

Bonds,

Provident

Group

-

Howard

Properties

LLC

Issue,

Series

2013

5

.000

10/01/30

2,645,330

143,565,000

District

of

Columbia

Tobacco

Settlement

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2006A

0

.000

06/15/46

33,068,274

8,340,000

District

of

Columbia

Water

and

Sewer

Authority,

Public

Utility

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2014C

4

.000

10/01/41

7,850,188

3,190,000

District

of

Columbia,

General

Obligation

Bonds,

Series

2019A

5

.000

10/15/30

3,403,752

5,515,000

District

of

Columbia,

General

Obligation

Bonds,

Series

2024A

5

.000

08/01/41

6,026,045

9,165,000

District

of

Columbia,

General

Obligation

Bonds,

Series

2024A

5

.000

08/01/43

9,906,755

5,200,000

District

of

Columbia,

General

Obligation

Bonds,

Series

2026A

5

.000

06/01/30

5,669,927

7,000,000

(b)

District

of

Columbia,

Revenue

Bonds,

Georgetown

University,

Refunding

Series

2025A,

(Mandatory

Put

4/03/35)

5

.000

04/01/60

7,665,081

1,260,000

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

First

Senior

Lien

Series

2019A

5

.000

10/01/33

1,320,954

2,830,000

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

First

Senior

Lien

Series

2019A

5

.000

10/01/34

2,960,646

1,625,000

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

First

Senior

Lien

Series

2019A

5

.000

10/01/36

1,691,780

1,935,000

Metropolitan

Washington

Airports

Authority,

Virginia,

Dulles

Toll

Road

Revenue

Bonds,

Dulles

Metrorail

&

Capital

Improvement

Projects,

Refunding

Second

Senior

Lien

Series

2022A

-

AGM

Insured

4

.000

10/01/52

1,664,342

5,610,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2018A,

(AMT)

5

.000

10/01/26

5,674,983

5,000,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2019A,

(AMT)

5

.000

10/01/31

5,298,494

8,300,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2021A,

(AMT)

5

.000

10/01/27

8,560,851

2,460,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2023A,

(AMT)

5

.000

10/01/33

2,685,168

5,000,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2023A,

(AMT)

5

.000

10/01/34

5,430,364

2,440,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2023A,

(AMT)

5

.000

10/01/35

2,635,364

3,620,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5

.000

10/01/27

3,733,769

5,795,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5

.000

10/01/28

6,081,896

2,840,000

Washington

Metropolitan

Area

Transit

Authority,

Dedicated

Revenue

Bonds,

Green

Series

2021A

5

.000

07/15/27

2,930,140

5,000,000

Washington

Metropolitan

Area

Transit

Authority,

District

of

Columbia,

Gross

Revenue

Bonds,

Series

2017B

5

.000

07/01/42

5,075,342

TOTAL

DISTRICT

OF

COLUMBIA

131,979,445

53

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

-

3.9%

$

11,195,000

Broward

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2022A

5

.000

%

07/01/26

$

11,257,270

5,015,000

Broward

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2025A

5

.000

07/01/28

5,268,366

10,000,000

Broward

County,

Florida,

Airport

System

Revenue

Bonds,

Series

2015A,

(AMT)

5

.000

10/01/34

10,011,029

15,135,000

Broward

County,

Florida,

Airport

System

Revenue

Bonds,

Series

2015A,

(AMT)

5

.000

10/01/35

15,150,413

5,510,000

Broward

County,

Florida,

Airport

System

Revenue

Bonds,

Series

2019A,

(AMT)

5

.000

10/01/34

5,773,085

3,315,000

Broward

County,

Florida,

Port

Facilities

Revenue

Bonds,

Series

2019B,

(AMT)

2

.250

09/01/29

3,207,954

730,000

Cape

Coral,

Florida,

Utility

Improvement

Assessment

Bonds,

Refunding

Various

Areas

Series

2017

-

AGM

Insured

2

.750

09/01/26

730,070

395,000

Cape

Coral,

Florida,

Utility

Improvement

Assessment

Bonds,

Refunding

Various

Areas

Series

2017

-

AGM

Insured

3

.000

09/01/27

395,469

4,195,000

(c)

Capital

Trust

Agency,

Florida,

Educational

Facilities

Lease

Revenue

Bonds,

Franklin

Academy

Projects,

Series

2020

5

.000

12/15/35

4,144,913

160,000

(c)

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Classical

Preparatory

Incorporated

Project,

Series

2017A

5

.000

06/15/27

160,043

1,155,000

Florida

Development

Finance

Corporation,

Educational

Facilities

Revenue

Bonds,

Mater

Academy

Projects,

Series

2020A

5

.000

06/15/35

1,163,986

1,000,000

(b),(c)

Florida

Development

Finance

Corporation,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

GFL

Solid

Waste

Southeast

LLC

Project

Series

2024A,

(AMT),

(Mandatory

Put

10/01/31)

4

.375

10/01/54

1,005,173

6,250,000

(b)

Florida

Development

Finance

Corporation,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management,

Inc.

Project,

Series

2025A,

(AMT),

(Mandatory

Put

9/01/28)

3

.400

09/01/50

6,252,236

4,720,000

(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT),

(Mandatory

Put

7/15/28)

12

.000

07/15/32

978,785

20,000,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

5

.000

07/01/38

14,900,000

16,285,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

5

.000

07/01/41

12,132,325

5,000,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

5

.250

07/01/53

4,856,950

30,615,000

(b),(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2025B,

(AMT),

(Mandatory

Put

6/15/26)

1

.000

07/01/57

21,124,350

1,355,000

Florida

Higher

Educational

Facilities

Financing

Authority,

Revenue

Bonds,

Nova

Southeastern

University

Project,

Refunding

Series

2016

5

.000

04/01/32

1,356,542

1,885,000

Florida

Higher

Educational

Facilities

Financing

Authority,

Revenue

Bonds,

Nova

Southeastern

University

Project,

Refunding

Series

2016

5

.000

04/01/33

1,887,023

6,015,000

Florida

Higher

Educational

Facilities

Financing

Authority,

Revenue

Bonds,

Nova

Southeastern

University

Project,

Refunding

Series

2016

5

.000

04/01/34

6,021,045

4,290,000

Florida

Higher

Educational

Facilities

Financing

Authority,

Revenue

Bonds,

Nova

Southeastern

University

Project,

Refunding

Series

2016

5

.000

04/01/35

4,294,058

960,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2017-1

3

.600

07/01/37

917,820

1,990,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2018-2

4

.050

07/01/38

1,993,057

4,470,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2019-1

3

.000

07/01/39

3,891,188

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

54

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

7,550,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2024-5

4

.450

%

07/01/44

$

7,531,261

1,900,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2025-5

4

.600

07/01/40

1,925,003

4,115,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2026-1

6

.000

01/01/57

4,614,627

7,890,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

2021-2

2

.050

07/01/41

5,784,415

14,720,000

Florida

Municipal

Power

Agency,

Power

Supply

Revenue

Bonds,

All

Requirements

Project,

Series

2025A

5

.000

10/01/34

16,476,729

3,730,000

Florida

Municipal

Power

Agency,

Power

Supply

Revenue

Bonds,

All

Requirements

Project,

Series

2025A

5

.000

10/01/35

4,137,238

4,825,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5

.000

07/01/31

5,347,717

5,320,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5

.000

07/01/33

6,025,060

5,585,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5

.000

07/01/34

6,371,530

5,865,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5

.000

07/01/35

6,729,645

3,445,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2026A

4

.250

07/01/49

3,273,225

1,980,000

Hillsborough

County

Industrial

Development

Authority,

Florida,

Health

System

Revenue

Bonds,

BayCare

Health

System

Series

2024C

5

.000

11/15/34

2,238,856

3,400,000

Hillsborough

County,

Florida,

Solid

Waste

and

Resource

Recovery

Revenue

Bonds,

Refunding

Series

2016A,

(AMT)

4

.000

09/01/34

3,406,441

5,250,000

Jacksonville,

Florida,

Transportation

Revenue

Bonds,

Refunding

Series

2026

5

.000

10/01/32

5,907,325

2,000,000

JEA,

Florida,

Electric

System

Revenue

Bonds,

Series

Three

2024A

5

.000

10/01/30

2,190,165

5,195,000

JEA,

Florida,

Electric

System

Revenue

Bonds,

Subordinated

Series

Three

2020A

5

.000

10/01/27

5,369,889

1,950,000

(f)

Manatee

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2026A

5

.000

07/01/32

2,158,480

5,115,000

(f)

Manatee

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2026A

5

.000

07/01/33

5,714,009

10,000,000

Miami

Dade

County,

Florida,

Professional

Sports

Franchise

Facilities

Tax

Revenue

Bonds,

Refunding

Series

2009A

-

AGC

Insured

0

.000

10/01/45

3,911,211

5,060,000

Miami-Dade

County

Educational

Facilities

Authority,

Florida,

Revenue

Bonds,

University

of

Miami,

Series

2018A

5

.000

04/01/53

5,060,952

2,175,000

Miami-Dade

County

Expressway

Authority,

Florida,

Toll

System

Revenue

Bonds,

Refunding

Series

2014B

5

.000

07/01/27

2,182,079

7,405,000

(b)

Miami-Dade

County

Industrial

Development

Authority,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc

Project,

Series

2018B,

(AMT),

(Mandatory

Put

7/01/26)

4

.000

11/01/48

7,410,067

3,000,000

Miami-Dade

County,

Florida,

Aviation

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5

.000

10/01/27

3,090,266

7,350,000

Miami-Dade

County,

Florida,

Aviation

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5

.000

10/01/29

7,824,424

16,265,000

Miami-Dade

County,

Florida,

Aviation

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5

.000

10/01/33

17,955,078

6,000,000

Miami-Dade

County,

Florida,

Water

and

Sewer

System

Revenue

Bonds,

Refunding

Series

2025B

5

.000

10/01/32

6,721,019

7,645,000

Orange

County

Health

Facilities

Authority

Revenue

Bonds,

Florida,

Presbyterian

Retirement

Communities

Obligated

Group

Project

Series

2023A

4

.000

08/01/36

7,580,554

4,010,000

Orlando,

Florida,

Tourist

Development

Tax

Revenue

Bonds,

6th

Cent

Contract

Payments,

Refunding

Senior

Series

2017A

-

AGM

Insured

5

.000

11/01/32

4,126,838

2,020,000

Orlando,

Florida,

Tourist

Development

Tax

Revenue

Bonds,

6th

Cent

Contract

Payments,

Refunding

Senior

Series

2017A

-

AGM

Insured

5

.000

11/01/34

2,072,469

55

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

1,000,000

Osceola

County,

Florida,

Transportation

Revenue

Bonds,

Osceola

Parkway,

Refunding

&

Improvement

Series

2019A-1

5

.000

%

10/01/49

$

992,866

6,190,000

Palm

Beach

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2025A

5

.000

08/01/30

6,745,626

585,000

(c)

Sawyers

Landing

Community

Development

District,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2021

4

.125

05/01/41

542,862

315,000

(c)

Seminole

County

Industrial

Development

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

Galileo

Schools

for

Gifted

Learning,

Series

2021A

4

.000

06/15/36

295,419

425,000

(c)

Seminole

County

Industrial

Development

Authority,

Florida,

Educational

Facilities

Revenue

Bonds,

Galileo

Schools

for

Gifted

Learning,

Series

2021A

4

.000

06/15/41

371,657

1,390,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/30

1,519,701

5,000,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/31

5,537,232

4,750,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/32

5,320,807

4,000,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/33

4,517,204

6,835,000

South

Miami

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Baptist

Health

Systems

of

South

Florida

Obligated

Group,

Refunding

Series

2017

4

.000

08/15/42

6,479,368

1,890,000

Tampa,

Florida,

Capital

Improvement

Cigarette

Tax

Allocation

Bonds,

H.

Lee

Moffitt

Cancer

Center

Project,

Series

2020A

0

.000

09/01/34

1,377,897

1,495,000

(c)

Village

Community

Development

District

15,

Florida,

Special

Assessment

Revenue

Bonds,

Series

2024

4

.000

05/01/34

1,494,838

TOTAL

FLORIDA

337,205,199

GEORGIA

-

2.1%

1,000,000

(c)

Atlanta

Development

Authority,

Georgia,

Revenue

Bonds,

Westside

Gulch

Area

Project,

Senior

Series

2024A-1

5

.000

04/01/34

1,017,815

4,150,000

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Green

Series

2025B-1,

(AMT)

5

.000

07/01/33

4,569,052

7,000,000

Atlanta,

Georgia,

Airport

Passenger

Facilities

Charge

and

General

Revenue

Bonds,

Subordinate

Lien

Green

Series

2023E,

(AMT)

5

.000

07/01/34

7,711,482

7,000,000

Atlanta,

Georgia,

Airport

Passenger

Facilities

Charge

and

General

Revenue

Bonds,

Subordinate

Lien

Green

Series

2023E,

(AMT)

5

.000

07/01/35

7,666,968

6,250,000

Douglas

County

School

District,

Georgia,

General

Obligation

Bonds,

Series

2025

5

.000

04/01/32

7,002,226

1,850,000

Douglas

County

School

District,

Georgia,

General

Obligation

Bonds,

Series

2025

5

.000

04/01/33

2,094,221

6,000,000

Fulton

County,

Georgia,

Water

and

Sewerage

Revenue

Bonds,

Refunding

Series

2025

5

.000

01/01/33

6,779,516

1,315,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2018A

3

.600

12/01/33

1,308,604

1,240,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2018A

3

.850

12/01/38

1,190,637

2,940,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2019A

3

.050

12/01/34

2,754,263

4,565,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2019A

3

.350

12/01/39

4,106,108

8,290,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2019B

2

.950

12/01/39

7,145,725

4,250,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2021A

2

.400

12/01/41

3,226,076

990,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2023A

4

.150

12/01/38

990,692

3,925,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2024A

4

.450

12/01/44

3,915,145

2,740,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2024C

4

.000

12/01/39

2,684,706

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

56

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GEORGIA

(continued)

$

5,040,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2024C

4

.400

%

12/01/44

$

5,045,660

6,320,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2025C

4

.800

12/01/40

6,483,544

3,450,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2025G

6

.250

12/01/55

3,848,016

5,725,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Sub

Series

2015A-1

3

.700

12/01/35

5,574,740

5,000,000

Georgia

State,

General

Obligation

Bonds,

Series

2015A

4

.000

02/01/32

5,004,517

5,000,000

Georgia

State,

General

Obligation

Bonds,

Series

2015A

4

.000

02/01/33

5,004,132

8,015,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2021A,

(Mandatory

Put

9/01/27)

4

.000

07/01/52

8,109,522

10,650,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022A,

(Mandatory

Put

12/01/29)

4

.000

09/01/52

10,758,501

11,685,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022B,

(Mandatory

Put

6/01/29)

5

.000

12/01/52

12,195,054

12,900,000

(b),(c)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022C,

(Mandatory

Put

11/01/27)

4

.000

08/01/52

12,874,355

4,000,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023B,

(Mandatory

Put

3/01/30)

5

.000

07/01/53

4,195,619

4,000,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023E-1,

(Mandatory

Put

6/01/31)

5

.000

12/01/53

4,235,864

11,595,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2024D,

(Mandatory

Put

4/01/31)

5

.000

04/01/54

12,316,781

3,000,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2024E,

(Mandatory

Put

12/01/32)

5

.000

05/01/55

3,149,038

8,580,000

(b)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2025A,

(Mandatory

Put

6/01/32)

5

.000

06/01/55

9,180,562

6,750,000

Richmond

County

Board

of

Education,

Georgia,

General

Obligation

Bonds,

Sales

Tax

Series

2025

5

.000

10/01/32

7,595,132

TOTAL

GEORGIA

179,734,273

GUAM

-

0.1%

400,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

5

.000

07/01/26

401,942

450,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

5

.000

07/01/27

460,654

800,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

5

.000

07/01/28

832,357

1,250,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

5

.000

07/01/30

1,334,261

2,470,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

5

.000

07/01/35

2,708,831

630,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

5

.000

07/01/38

672,706

1,200,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024A

5

.000

07/01/39

1,278,233

650,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024B

5

.000

07/01/26

653,156

500,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024B

5

.000

07/01/27

511,838

1,000,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024B

5

.000

07/01/28

1,040,446

1,000,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024B

5

.000

07/01/29

1,055,753

1,100,000

Guam

Government

Waterworks

Authority,

Water

and

Wastewater

System

Revenue

Bonds,  Refunding

Series

2024B

5

.000

07/01/30

1,174,150

TOTAL

GUAM

12,124,327

57

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HAWAII

-

0.4%

$

3,500,000

Hawaii

County,

Hawaii,

General

Obligation

Bonds,

Series

2017A

5

.000

%

09/01/29

$

3,574,489

21,240,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaiian

Electric

Company,

Inc.

and

Subsidiary

Projects,

Refunding

Series

2019

3

.200

07/01/39

17,914,600

6,515,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaiian

Electric

Company,

Inc.

and

Subsidiary

Projects,

Series

2017A,

(AMT)

3

.100

05/01/26

6,506,662

2,000,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Queens

Health

Systems,

Series

2025A

5

.000

07/01/30

2,165,989

1,000,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Queens

Health

Systems,

Series

2025A

5

.000

07/01/32

1,107,129

1,000,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Queens

Health

Systems,

Series

2025A

5

.000

07/01/33

1,115,937

1,015,000

Hawaii

State,

General

Obligation

Bonds,

Series

2017FK

5

.000

05/01/34

1,036,395

1,340,000

Honolulu

City

and

County,

Hawaii,

Wastewater

System

Revenue

Bonds,

First

Bond

Resolution,

Senior

Refunding

Series

2025A

5

.000

07/01/37

1,511,071

TOTAL

HAWAII

34,932,272

IDAHO

-

0.2%

310,000

Boise

City,

Idaho,

Airport

Revenue

Bonds,

Aircraft

Maintenance

Facilities

Project,

Subordinate

Series

2015,

(AMT)

3

.750

09/01/32

306,224

1,455,000

Boise

City,

Idaho,

Airport

Revenue

Bonds,

Employee

Parking

Facilities

Project,

Series

2021B,

(AMT)

4

.000

09/01/46

1,306,978

1,210,000

Boise

City,

Idaho,

Airport

Revenue

Bonds,

Public

Parking

Facilities

Project,

Refunding

Series

2021A

5

.000

09/01/51

1,223,062

1,800,000

(b)

Idaho

Health

Facilities

Authority,

Hospital

Revenue

Bonds,

CHE

Trinity

Helath

Group,

Series

2013ID,

(Mandatory

Put

5/01/26)

2

.625

12/01/48

1,799,667

110,000

(b)

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Saint

Luke's

Health

System

Project,

Series

2025B,

(Mandatory

Put

3/01/32)

5

.000

03/01/60

119,098

1,000,000

(c)

Idaho

Housing

and

Finance

Association,

Nonprofit

Facilities

Revenue

Bonds,

Victory

Charter

School,

Inc.

Project,

Refunding

Series

2016A

5

.000

07/01/39

974,527

895,000

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019C

2

.900

07/01/39

771,468

4,820,000

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

4

.450

01/01/44

4,773,280

10,430,000

(c)

Spring

Valley

Community

Infrastructure

District

1,

Eagle,

Idaho,

Special

Assessment

Bonds,

Series

2021

3

.750

09/01/51

9,949,079

TOTAL

IDAHO

21,223,383

ILLINOIS

-

5.6%

4,700,000

Berwyn,

Cook

County,

Illinois,

General

Obligation

Bonds,

Series

2014A

5

.000

12/01/34

4,660,851

1,026,000

Cary,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

1,

Refunding

Series

2016

-

BAM

Insured

2

.900

03/01/28

1,019,613

943,000

Cary,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

1,

Refunding

Series

2016

-

BAM

Insured

3

.050

03/01/30

943,007

1,391,000

Cary,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

2,

Refunding

Series

2016

-

BAM

Insured

2

.900

03/01/28

1,382,341

1,418,000

Cary,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

2,

Refunding

Series

2016

-

BAM

Insured

3

.050

03/01/30

1,418,010

1,380,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A

5

.000

12/01/41

1,499,479

1,250,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Refunding

Project

Second

Lien

Series

2026A

5

.000

12/01/42

1,355,260

5,950,000

Chicago

Transit

Authority,

Illinois,

Sales

Tax

Receipts

Revenue

Bonds,

Second

Lien

Series

2020A

5

.000

12/01/45

6,069,401

6,005,000

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Senior

Lien

Series

2018B

5

.000

01/01/37

6,253,155

1,010,000

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Senior

Lien

Series

2022A

4

.500

01/01/48

956,249

4,740,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

5

.000

01/01/29

4,995,432

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

58

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

7,965,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

5

.000

%

01/01/30

$

8,508,213

1,100,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2024A

5

.000

01/01/27

1,116,809

1,285,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2024A

5

.000

01/01/28

1,329,748

1,500,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2024A

5

.000

01/01/29

1,576,774

1,000,000

Cook

County

Community

Consolidated

School

District

64,

Illinois,

Park

Ridge,

General

Obligation

Bonds,

School

Series

2025

5

.000

12/01/43

1,060,755

2,550,000

Cook

County

Community

Consolidated

School

District

64,

Illinois,

Park

Ridge,

General

Obligation

Bonds,

School

Series

2025

4

.250

12/01/47

2,460,154

3,450,000

Cook

County,

Illinois,

Sales

Tax

Revenue

Bonds,

Series

2021A

4

.000

11/15/41

3,298,835

1,150,000

DuPage

County

Forest

Preserve

District,

Illinois,

General

Obligation

Bonds,

Limited

Tax

Series

2025

5

.000

11/01/28

1,216,852

4,020,000

DuPage

County

School

District

58

Downers

Grove,

Illinois,

General

Obligation

Bonds,  School

Series

2022

5

.250

12/15/39

4,389,834

1,000,000

Effingham

and

Clay

Counties

Community

Unit

School

District

Number

40,

Effingham,  Illinois,

General

Obligation

Bonds,

School

Series

2019A

-

BAM

Insured

4

.000

12/01/30

1,019,643

1,000,000

Effingham

and

Clay

Counties

Community

Unit

School

District

Number

40,

Effingham,  Illinois,

General

Obligation

Bonds,

School

Series

2019A

-

BAM

Insured

4

.000

12/01/34

1,008,053

1,395,000

Effingham

and

Clay

Counties

Community

Unit

School

District

Number

40,

Effingham,  Illinois,

General

Obligation

Bonds,

School

Series

2019A

-

BAM

Insured

4

.000

12/01/35

1,400,926

1,455,000

Effingham

and

Clay

Counties

Community

Unit

School

District

Number

40,

Effingham,  Illinois,

General

Obligation

Bonds,

School

Series

2019A

-

BAM

Insured

4

.000

12/01/36

1,458,222

1,625,000

Elmhurst

Park

District,

DuPage

and

Cook

Counties,

Illinois,

General

Obligation

Bonds,

Series

2025

4

.125

12/15/45

1,578,989

1,045,000

Huntley,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

9,

Refunding

Series

2017

-

BAM

Insured

3

.150

03/01/27

1,045,253

1,000,000

(b)

Illinois

Development

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.

Project,

Series

2019,

(Mandatory

Put

11/02/26)

3

.450

11/01/44

1,000,877

3,390,000

Illinois

Finance

Authority,

Revenue

Bonds,

Advocate

Health

Care

Network,

Refunding

Series

2008A-2

4

.000

11/01/30

3,446,259

3,690,000

Illinois

Finance

Authority,

Revenue

Bonds,

Advocate

Health

Care

Network,

Refunding

Series

2008A-3

5

.000

11/01/30

3,834,061

4,960,000

Illinois

Finance

Authority,

Revenue

Bonds,

Advocate

Health

Care

Network,

Series

2008A-1

4

.000

11/01/30

5,042,557

6,400,000

Illinois

Finance

Authority,

Revenue

Bonds,

Ann

&

Robert

H.

Lurie

Children's

Hospital

of

Chicago,

Refunding

Series

2017

4

.000

08/15/39

6,054,756

2,130,000

Illinois

Finance

Authority,

Revenue

Bonds,

Art

Institute

of

Chicago,

Series

2016

5

.000

03/01/30

2,132,269

28,010,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health

Alliance,

Series

2016C,

(Pre-refunded

2/15/27)

4

.000

02/15/41

28,350,058

85,000

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health

Alliance,

Series

2016C

4

.000

02/15/41

81,631

915,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health

Alliance,

Series

2016C,

(Pre-refunded

2/15/27)

4

.000

02/15/41

926,109

2,375,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health/

fkaPresence

Health

Network,

Series

2016C,

(Pre-refunded

2/15/27)

3

.625

02/15/32

2,395,796

10,000,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health/

fkaPresence

Health

Network,

Series

2016C,

(Pre-refunded

2/15/27)

3

.750

02/15/34

10,098,266

70,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health/

fkaPresence

Health

Network,

Series

2016C,

(Pre-refunded

2/15/27)

4

.000

02/15/41

70,850

59

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

1,505,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Ascension

Health/

fkaPresence

Health

Network,

Series

2016C,

(Pre-refunded

2/15/27)

4

.000

%

02/15/41

$

1,523,272

2,505,000

Illinois

Finance

Authority,

Revenue

Bonds,

Memorial

Health

System,

Series

2019

5

.000

04/01/31

2,635,076

1,300,000

Illinois

Finance

Authority,

Revenue

Bonds,

Memorial

Health

System,

Series

2019

5

.000

04/01/32

1,362,387

4,510,000

Illinois

Finance

Authority,

Revenue

Bonds,

Memorial

Health

System,

Series

2019

5

.000

04/01/34

4,696,775

7,610,000

Illinois

Finance

Authority,

Revenue

Bonds,

Memorial

Health

System,

Series

2019

5

.000

04/01/36

7,872,761

2,410,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Northwest

Community

Hospital,

Refunding

Series

2016A,

(Pre-refunded

7/01/26)

5

.000

07/01/33

2,424,502

3,170,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Northwest

Community

Hospital,

Refunding

Series

2016A,

(Pre-refunded

7/01/26)

5

.000

07/01/34

3,189,076

5,010,000

(e)

Illinois

Finance

Authority,

Revenue

Bonds,

Northwest

Community

Hospital,

Refunding

Series

2016A,

(Pre-refunded

7/01/26)

5

.000

07/01/35

5,040,148

1,000,000

Illinois

Finance

Authority,

Revenue

Bonds,

OSF

Healthcare

System,

Series

2015A

5

.000

11/15/27

1,001,383

1,935,000

Illinois

Finance

Authority,

Revenue

Bonds,

OSF

Healthcare

System,

Series

2015A

5

.000

11/15/28

1,942,302

2,000,000

Illinois

Finance

Authority,

Revenue

Bonds,

OSF

Healthcare

System,

Series

2015A

5

.000

11/15/29

2,007,484

795,000

Illinois

Finance

Authority,

Revenue

Bonds,

Roosevelt

University,

Series

2007

5

.400

04/01/27

795,363

4,000,000

(b)

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2025B-1,

(Mandatory

Put

8/15/30)

5

.000

08/15/43

4,239,643

4,000,000

(b)

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2025B-2,

(Mandatory

Put

8/15/35)

5

.000

08/15/44

4,432,477

1,545,000

Illinois

FInance

Authority,

Revenue

Bonds,

Southern

Illinois

Healthcare

Enterprises,

Inc.,

Refunding

Series

2017C

5

.000

03/01/32

1,562,237

2,760,000

Illinois

FInance

Authority,

Revenue

Bonds,

Southern

Illinois

Healthcare

Enterprises,

Inc.,

Refunding

Series

2017C

5

.000

03/01/33

2,787,930

2,005,000

Illinois

FInance

Authority,

Revenue

Bonds,

Southern

Illinois

Healthcare

Enterprises,

Inc.,

Refunding

Series

2017C

5

.000

03/01/34

2,023,276

1,815,000

Illinois

FInance

Authority,

Revenue

Bonds,

Southern

Illinois

Healthcare

Enterprises,

Inc.,

Refunding

Series

2017C

4

.000

03/01/35

1,757,545

3,150,000

(b)

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago

Medicine,

Series

2022A,

(Mandatory

Put

8/15/27)

5

.000

08/15/52

3,220,469

8,750,000

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago,

Series

2014A

4

.000

10/01/38

8,750,182

5,100,000

(b)

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago,

Series

2021B,

(Mandatory

Put

8/15/31)

5

.000

08/15/53

5,498,479

3,070,000

(b),(c)

Illinois

Finance

Authority,

Surface

Freight

Transfer

Facilities

Revenue

Bonds,

CenterPoint

Joliet

Terminal

Railroad

Project,

Series

2017,

(AMT),

(Mandatory

Put

7/02/35)

4

.800

12/01/43

3,093,144

7,500,000

(b),(c)

Illinois

Finance

Authority,

Surface

Freight

Transfer

Facilities

Revenue

Bonds,

CenterPointJoliet

Terminal

Railroad

Project,

Series

2016,

(AMT),

(Mandatory

Put

12/31/34)

4

.125

12/01/43

7,324,573

13,655,000

(b),(c)

Illinois

Finance

Authority,

Surface

Freight

Transfer

Facilities

Revenue

Bonds,

CenterPointJoliet

Terminal

Railroad

Project,

Series

2020,

(AMT),

(Mandatory

Put

12/31/34)

4

.125

12/01/50

13,335,605

1,000,000

(b)

Illinois

Finance

Authority,

Water

Facilities

Revenue

Bonds,

American

Water

Capital

Corporation

Project,

Refunding

Series

2019,

(Mandatory

Put

10/01/29)

2

.450

10/01/39

967,234

21,355,000

Illinois

Housing

Development

Authority,

Revenue

Bonds,

Green

Series

2021B

2

.150

10/01/41

15,783,775

560,000

Illinois

Housing

Development

Authority,

Revenue

Bonds,

Series

2019D

2

.950

10/01/39

484,177

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

60

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

5,475,000

Illinois

Housing

Development

Authority,

Revenue

Bonds,

Social

Series

2024I

4

.450

%

10/01/44

$

5,461,630

20,000,000

Illinois

Municipal

Electric

Agency,

Power

Supply

System

Revenue

Bonds,

Refunding

Series

2025A

5

.000

02/01/34

22,538,358

1,000,000

Illinois

State,

General

Obligation

Bonds,

June

Series

2016

5

.000

06/01/28

1,003,348

3,090,000

Illinois

State,

General

Obligation

Bonds,

June

Series

2016

3

.500

06/01/29

3,090,824

12,200,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2016

5

.000

11/01/26

12,355,201

1,100,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2016

5

.000

11/01/27

1,113,158

3,225,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017C

5

.000

11/01/29

3,315,733

1,460,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

3

.250

11/01/26

1,463,903

6,135,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5

.000

11/01/26

6,213,046

16,075,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5

.000

11/01/27

16,610,355

4,950,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5

.000

11/01/28

5,097,331

2,000,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2019B

5

.000

11/01/30

2,126,431

3,570,000

Illinois

State,

General

Obligation

Bonds,

Refunding

October

Series

2024

5

.000

02/01/27

3,634,985

2,000,000

Illinois

State,

General

Obligation

Bonds,

Refunding

October

Series

2024

5

.000

02/01/28

2,076,084

2,205,000

Illinois

State,

General

Obligation

Bonds,

Refunding

October

Series

2024

5

.000

02/01/29

2,327,658

1,600,000

Illinois

State,

General

Obligation

Bonds,

Refunding

September

Series

2018B

5

.000

10/01/32

1,661,043

7,100,000

Illinois

State,

General

Obligation

Bonds,

Taxable

September

Series

2025B

5

.250

09/01/29

7,615,951

6,615,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Refunding

Senior

Lien

Series

2016A

5

.000

12/01/31

6,626,283

7,160,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Refunding

Senior

Lien

Series

2016A

5

.000

12/01/32

7,176,563

5,800,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Refunding

Senior

Series

2024A

5

.000

01/01/36

6,458,207

9,860,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2014C

5

.000

01/01/36

9,873,496

10,015,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2014C

5

.000

01/01/39

10,025,542

13,090,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2015A

5

.000

01/01/40

13,089,025

3,540,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Senior

Lien

Series

2015B

5

.000

01/01/40

3,539,736

2,520,000

Illinois,

General

Obligation

Bonds,

Illinois

FIRST

Program,

Series

2001

-

FGIC

Insured

6

.000

11/01/26

2,554,773

1,485,000

LaSalle

and

Bureau

Counties

High

School

District

120

LaSalle-

Peru,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2017

-

BAM

Insured

5

.000

12/01/30

1,505,855

1,215,000

LaSalle

and

Bureau

Counties

High

School

District

120

LaSalle-

Peru,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2017

-

BAM

Insured

5

.000

12/01/31

1,231,336

1,645,000

LaSalle

and

Bureau

Counties

High

School

District

120

LaSalle-

Peru,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2017

-

BAM

Insured

5

.000

12/01/32

1,665,807

1,725,000

LaSalle

and

Bureau

Counties

High

School

District

120

LaSalle-

Peru,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2017

-

BAM

Insured

5

.000

12/01/33

1,745,331

1,815,000

LaSalle

and

Bureau

Counties

High

School

District

120

LaSalle-

Peru,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2017

-

BAM

Insured

5

.000

12/01/34

1,834,830

61

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

1,845,000

LaSalle

County,

Illinois,

General

Obligation

Bonds,

Self-

Insurance

Series

2019

4

.000

%

12/01/27

$

1,878,663

1,925,000

LaSalle

County,

Illinois,

General

Obligation

Bonds,

Self-

Insurance

Series

2019

4

.000

12/01/28

1,963,565

1,560,000

LaSalle

County,

Illinois,

General

Obligation

Bonds,

Self-

Insurance

Series

2019

4

.000

12/01/29

1,589,362

1,500,000

Madison,

Macoupin,

Jersey,

Calhoun,

Morgan,

Scott,

and

Greene

Counties

Community

College

District

536,

Illinois,

General

Obligation

Bonds,

Lewis

&

Clark

Community

College,

Refunding

Series

2017A

-

AGM

Insured

5

.000

11/01/31

1,517,771

4,385,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Refunding

Series

2020A

-

BAM

Insured

4

.000

06/15/50

3,929,609

1,905,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2012B

0

.000

12/15/51

520,623

1,810,000

(g)

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

0

.000

12/15/37

1,437,407

9,045,000

(g)

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

0

.000

12/15/42

6,875,726

6,000,000

(g)

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

0

.000

12/15/47

4,352,972

1,000,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2020B

5

.000

06/15/42

1,027,927

9,580,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

2002A

-

NPFG

Insured

0

.000

12/15/29

8,474,435

3,970,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

2002A

0

.000

06/15/30

3,444,447

15,000,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

Revenue

Bonds,

McCormick

Place

Expansion

Project,

Series

2002A

-

AGM

Insured

0

.000

12/15/40

7,922,909

365,000

Montgomery,

Illinois,

Lakewood

Creek

Project

Special

Assessment

Bonds,

Series

2018

-

BAM

Insured

3

.200

03/01/27

366,203

250,000

Montgomery,

Illinois,

Lakewood

Creek

Project

Special

Assessment

Bonds,

Series

2018

-

BAM

Insured

3

.300

03/01/28

250,567

432,000

Montgomery,

Illinois,

Lakewood

Creek

Project

Special

Assessment

Bonds,

Series

2018

-

BAM

Insured

3

.450

03/01/30

433,241

260,000

Morton

Grove,

Illinois,

Tax

Increment

Revenue

Bonds,

Sawmill

Station

Redevelopment

Project,

Senior

Lien

Series

2019

4

.250

01/01/29

259,997

10,020,000

Northern

Illinois

Municipal

Power

Agency,

Power

Project

Revenue

Bonds,

Prairie

State

Project,

Refunding

Series

2016A

5

.000

12/01/41

10,081,280

325,000

Northern

Illinois

University,

Auxiliary

Facilities

System

Revenue

Bonds,

Series

2021

-

BAM

Insured

5

.000

10/01/27

333,526

650,000

Northern

Illinois

University,

Auxiliary

Facilities

System

Revenue

Bonds,

Series

2021

-

BAM

Insured

5

.000

10/01/28

679,781

1,488,000

Plano,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

1

&

2

Lakewood

Springs

Project,

Refunding

Series

2014

-

AGM

Insured

5

.000

03/01/29

1,490,014

3,065,000

(e)

Railsplitter

Tobacco

Settlement

Authority,

Illinois,

Tobacco

Settlement

Revenue

Bonds,

Series

2017,

(Pre-refunded

6/01/26)

5

.000

06/01/27

3,077,794

1,283,000

Round

Lake,

Lake

County,

Illinois,

Special

Tax

Bonds,

Lakewood

Grove

Special

Service

Areas

1,

3

&

4,

Refunding

Series

2017

-

BAM

Insured

3

.700

03/01/29

1,290,037

1,073,000

Round

Lake,

Lake

County,

Illinois,

Special

Tax

Bonds,

Lakewood

Grove

Special

Service

Areas

1,

3

&

4,

Refunding

Series

2017

-

BAM

Insured

3

.800

03/01/30

1,079,157

2,187,000

Round

Lake,

Lake

County,

Illinois,

Special

Tax

Bonds,

Lakewood

Grove

Special

Service

Areas

1,

3

&

4,

Refunding

Series

2017

-

BAM

Insured

4

.000

03/01/33

2,201,032

2,125,000

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitization

Bonds,

Refunding

Second

Lien

Series

2024A

5

.000

01/01/37

2,309,814

2,440,000

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitzation

Bonds,

Second

Lien

Series

2020A

5

.000

01/01/36

2,545,607

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

62

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

2,435,000

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitzation

Bonds,

Second

Lien

Series

2020A

-

BAM

Insured

5

.000

%

01/01/37

$

2,550,798

2,715,000

Southwestern

Illinois

Development

Authority,

Illinois,

Local

Government

Revenue

Bonds,

Triad

Community

Unit

School

District

2

Project,

Series

2025B

-

BAM

Insured

5

.000

04/01/39

2,948,703

2,105,000

Southwestern

Illinois

Development

Authority,

Illinois,

Local

Government

Revenue

Bonds,

Triad

Community

Unit

School

District

2

Project,

Series

2025B

-

BAM

Insured

5

.000

04/01/40

2,264,722

3,960,000

Southwestern

Illinois

Development

Authority,

Illinois,

Local

Government

Revenue

Bonds,

Triad

Community

Unit

School

District

2

Project,

Series

2025B

-

BAM

Insured

5

.000

04/01/41

4,228,238

2,935,000

Southwestern

Illinois

Development

Authority,

Local

Government

Program

Revenue

Bonds,

Southwestern

Illinois

Flood

District

Council

Project,

Series

2016B

4

.000

10/15/40

2,905,272

965,000

Southwestern

Illinois

Development

Authority,

Local

Government

Program

Revenue

Bonds,

Southwestern

Illinois

Flood

District

Council

Project,

Series

2020

4

.000

04/15/34

980,510

1,250,000

Southwestern

Illinois

Development

Authority,

Local

Government

Program

Revenue

Bonds,

Southwestern

Illinois

Flood

District

Council

Project,

Series

2020

4

.000

10/15/35

1,262,377

5,675,000

Will

County

Community

High

School

District

210

Lincoln-

Way,

Illinois,

General

Obligation

Bonds,

Capital

Appreciation

Refunding

School

Series

2013B

0

.000

01/01/30

4,957,024

TOTAL

ILLINOIS

494,669,555

INDIANA

-

2.4%

830,000

(b)

Indiana

Finance

Authority,

Economic

Development

Revenue

Bonds,

Republic

Service,

Inc.

Project,

Refunding

Series

2010A,

(AMT),

(Mandatory

Put

6/01/26)

2

.900

05/01/28

829,902

2,100,000

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

Earlham

College,

Refunding

Series

2013A

5

.000

10/01/32

2,056,771

3,500,000

Indiana

Finance

Authority,

Educational

Facilities

Revenue

Bonds,

University

of

Indianapolis

Project,

Series

2017

5

.000

10/01/43

3,407,835

6,750,000

Indiana

Finance

Authority,

Environmental

Facilities

Revenue

Bonds,

Indianapolis

Power

&

Light

Company

Project,

Refunding

Series

2021B,

(Mandatory

Put

8/01/26)

1

.400

08/01/29

6,170,745

4,000,000

(b)

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

Southern

Indiana

Gas

&

Electric

Company,

Refunding

Series

2013A,

(AMT),

(Mandatory

Put

8/01/28)

4

.000

05/01/43

4,051,408

2,375,000

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Refunding

Series

2021A

4

.125

12/01/26

2,383,885

6,440,000

(b)

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Goshen

Health,

Series

2019B,

(Mandatory

Put

11/01/26)

2

.100

11/01/49

6,355,720

12,830,000

(b)

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Indiana

University

Health

Obligation

Group,

Long

Term

Rate

Series

2023B-3,

(Mandatory

Put

7/01/32)

5

.000

10/01/55

14,084,008

3,850,000

(b)

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Indiana

University

Health

Series

2025D-1,

(Mandatory

Put

10/01/29)

5

.000

10/01/64

4,123,471

9,530,000

(b)

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Indiana

University

Health

Series

2025D-2,

(Mandatory

Put

10/01/31)

5

.000

10/01/63

10,393,470

5,000,000

Indiana

Finance

Authority,

Revenue

Bonds,

Ascension

Senior

Credit

Group,

Series

2025A-1

5

.000

11/15/30

5,437,406

1,710,000

Indiana

Finance

Authority,

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

Series

2014A

5

.000

10/01/26

1,713,594

1,470,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A

2

.050

07/01/41

1,077,705

11,335,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

PAC

Series

2021B

2

.125

07/01/41

8,365,678

1,500,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024A-1

4

.500

07/01/44

1,493,176

5,005,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024B-1

4

.650

07/01/44

5,025,853

63

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDIANA

(continued)

$

7,665,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024C-1

4

.550

%

07/01/44

$

7,658,466

14,375,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Airport

Authority

Project

Revenue

Bonds,

Refunding

Series

2019D,

(AMT)

5

.000

01/01/27

14,595,744

4,230,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Airport

Authority

Project

Revenue

Bonds,

Refunding

Series

2019D,

(AMT)

5

.000

01/01/29

4,452,221

3,000,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Airport

Authority

Project

Revenue

Bonds,

Series

2023I-2,

(AMT)

5

.000

01/01/27

3,046,068

3,150,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Airport

Authority

Project

Revenue

Bonds,

Series

2023I-2,

(AMT)

5

.000

01/01/28

3,260,239

1,000,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Local

Income

Tax

Revenue

Bonds,

Indianapolis

Public

Transportation

Corporation

Project,

Green

Series

2025A

5

.000

07/15/37

1,108,453

1,375,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Local

Income

Tax

Revenue

Bonds,

Indianapolis

Public

Transportation

Corporation

Project,

Green

Series

2025A

5

.000

07/15/43

1,452,130

1,000,000

IPS

Multi-School

Building

Corporation,

Indiana,

First

Mortgage

Revenue

Bonds,

Ad

Valorem

Property

Tax

Social

Series

2025

5

.000

07/15/36

1,124,572

2,000,000

IPS

Multi-School

Building

Corporation,

Indiana,

First

Mortgage

Revenue

Bonds,

Refunding

&

Improvement,

Social

Series

2024

5

.000

07/15/43

2,122,180

4,500,000

IPS

Multi-School

Building

Corporation,

Indiana,

First

Mortgage

Revenue

Bonds,

Social

Series

2024

5

.000

07/15/41

4,813,404

4,750,000

IPS

Multi-School

Building

Corporation,

Indiana,

First

Mortgage

Revenue

Bonds,

Social

Series

2024

5

.000

07/15/44

4,989,365

4,000,000

(b)

Mount

Vernon,

Indiana,

Environmental

Improvement

Revenue

Bonds,

Southern

Indiana

Gas

and

Electric

Company

Project,

Series

2015,

(AMT),

(Mandatory

Put

9/01/28)

4

.250

09/01/55

4,039,447

33,040,000

Richmond

Hospital

Authority,

Indiana,

Revenue

Bonds,

Reid

Hospital

Project,

Refunding

Series

2018B

5

.000

01/01/36

33,205,623

7,675,000

(b)

Rockport,

Indiana,

Pollution

Control

Revenue

Refunding

Bonds,

Indiana

Michigan

Power

Company

Project,

Series

2025A,

(Mandatory

Put

6/01/29)

3

.700

06/01/47

7,801,628

2,320,000

Valparaiso

21st

Century

School

Building

Corporation,

Porter

County,

Indiana,

First

Mortgage

Bonds,

Ad

Valorem

Property

Tax

Refunding

Series

2025

5

.000

07/15/32

2,579,207

2,480,000

(c)

Valparaiso,

Indiana,

Exempt

Facilities

Revenue

Bonds,

Pratt

Paper

LLC

Project,

Refunding

Series

2024,

(AMT)

4

.500

01/01/34

2,519,277

1,340,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2024A

-

BAM

Insured

5

.250

07/15/39

1,476,784

1,750,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2024A

-

BAM

Insured

5

.250

07/15/41

1,910,356

2,070,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2025C

-

BAM

Insured

5

.000

07/15/35

2,286,267

2,190,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2025C

-

BAM

Insured

5

.000

07/15/36

2,400,943

1,535,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2025C

-

BAM

Insured

5

.000

07/15/37

1,671,172

17,320,000

(b)

Whiting,

Indiana,

Environmental

Facilities

Refunding

Revenue

Bonds,

BP

Products

North

America

Inc.

Project,

Refunidng

Series

2019A,

(AMT),

(Mandatory

Put

6/05/26)

5

.000

12/01/44

17,380,793

4,375,000

(b)

Whiting,

Indiana,

Environmental

Facilities

Revenue

Bonds,

BP

Products

North

America

Inc.

Project,

Series

2008,

(Mandatory

Put

6/21/35)

4

.200

06/01/44

4,506,074

TOTAL

INDIANA

207,371,040

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

64

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

IOWA

-

0.9%

$

3,120,000

Des

Moines,

Iowa,

General

Obligation

Bonds,

Series

2025A

5

.000

%

06/01/33

$

3,520,114

2,555,000

Des

Moines,

Iowa,

General

Obligation

Bonds,

Series

2025A

5

.000

06/01/34

2,874,410

3,740,000

Des

Moines,

Iowa,

General

Obligation

Bonds,

Series

2025A

5

.000

06/01/35

4,171,986

1,755,000

Iowa

City

Community

School

District,

Johnson

County,

Iowa,

General

Obligaiton

Bonds,

School

Series

2020

-

BAM

Insured

2

.500

06/01/39

1,398,528

7,300,000

Iowa

Finance

Authority,

Health

Facilities

Revenue

Bonds,

UnityPoint

Health

Project,  Series

2014C

4

.125

02/15/35

7,299,801

5,625,000

(b),(e)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32),

(Mandatory

Put

12/01/32)

4

.000

12/01/50

6,000,807

5,540,000

(e)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32)

5

.000

12/01/50

6,243,831

9,030,000

(b),(e)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32),

(Mandatory

Put

12/01/42)

5

.000

12/01/50

10,177,219

2,000,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019D

2

.600

07/01/37

1,702,263

4,835,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020A

3

.750

01/01/50

4,838,811

7,400,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021B

2

.200

07/01/41

5,497,434

2,250,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021D

2

.100

07/01/38

1,758,008

2,835,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024C

4

.500

07/01/44

2,822,103

800,000

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

Senior

Class

1

Series

2021A-2

5

.000

06/01/27

818,733

2,100,000

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

Senior

Class

1

Series

2021A-2

5

.000

06/01/28

2,189,632

1,600,000

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

Senior

Class

1

Series

2021A-2

5

.000

06/01/30

1,718,079

1,605,000

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

Senior

Class

1

Series

2021A-2

5

.000

06/01/31

1,746,269

1,610,000

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

Senior

Class

1

Series

2021A-2

5

.000

06/01/32

1,742,580

1,000,000

Iowa

Tobacco

Settlement

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

Senior

Class

1

Series

2021A-2

5

.000

06/01/33

1,077,801

8,180,000

(b)

PEFA

Inc.,

Public

Energy

Facilities

Authority,

Inc.,

Iowa,

Gas

Project

Revenue

Bonds,

Series

2019,

(Mandatory

Put

9/01/26)

5

.000

09/01/49

8,242,061

5,000,000

Polk

County,

Iowa,

General

Obligation

Capital

Loan

Notes,

Series

2025B

5

.000

06/01/45

5,247,324

1,000,000

Waterloo

Community

School

District,

Iowa,

School

Infrastructure

Sales,

Services

and

Use

Tax

Revenue

Bonds,

Series

2025

-

BAM

Insured

4

.500

07/01/43

1,008,327

TOTAL

IOWA

82,096,121

KANSAS

-

0.3%

6,960,000

Hutchinson,

Kansas,

General

Obligation

Bonds,

Temporary

Notes

Series

2025D

3

.375

10/01/28

6,976,401

3,635,000

Kansas

Department

of

Transportation,

Highway

Revenue

Bonds,

Refunding

Series

2025A

5

.000

09/01/29

3,918,878

5,000,000

Kansas

Department

of

Transportation,

Highway

Revenue

Bonds,

Refunding

Series

2025A

5

.000

09/01/30

5,481,628

5,000,000

(b)

Kansas

Development

Finance

Authority,

Hospital

Revenue

Bonds,

Advent

Health

Obligated

Group,

Series

2021B,

(Mandatory

Put

11/15/31)

5

.000

11/15/54

5,472,468

5,000,000

Manhattan,

Kansas,

General

Obligation

Bonds,

Temporary

Notes,

Series

2024-02

-

BAM

Insured

5

.000

06/15/28

5,019,433

65

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

KANSAS

(continued)

$

2,400,000

(c)

Wyandotte

County-Kansas

City

Unified

Government,

Kansas,

Sales

Tax

Special

Obligation

Bonds,

Village

East

Project

Areas

2B

3

and

5,

Series

2022

5

.750

%

09/01/39

$

2,441,195

TOTAL

KANSAS

29,310,003

KENTUCKY

-

1.8%

110,000

Ashland,

Kentucky,

Medical

Center

Revenue

Bonds,

Ashland

Hospital

Corporation

d/b/a

King's

Daughters

Medical

Center

Project,

Refunding

Series

2019

4

.000

02/01/33

109,486

500,000

Ashland,

Kentucky,

Medical

Center

Revenue

Bonds,

Ashland

Hospital

Corporation

d/b/a

King's

Daughters

Medical

Center

Project,

Refunding

Series

2019

4

.000

02/01/34

492,282

180,000

Ashland,

Kentucky,

Medical

Center

Revenue

Bonds,

Ashland

Hospital

Corporation

d/b/a

King's

Daughters

Medical

Center

Project,

Refunding

Series

2019

4

.000

02/01/35

176,004

1,110,000

Ashland,

Kentucky,

Medical

Center

Revenue

Bonds,

Ashland

Hospital

Corporation

d/b/a

King's

Daughters

Medical

Center

Project,

Refunding

Series

2019

4

.000

02/01/36

1,075,644

5,000,000

Carroll

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Refunding

Series

2006B,

(AMT)

2

.125

10/01/34

4,166,615

21,420,000

Carroll

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Series

2008A,

(AMT)

2

.000

02/01/32

18,899,374

1,000,000

Christian

County,

Kentucky,

Hospital

Revenue

Bonds,

Jennie

Stuart

Medical

Center,

Series

2016

5

.375

02/01/36

1,000,844

3,515,000

Kentucky

Asset/Liability

Commission,

General

Fund

Revenue

Project

Notes,

Federal

Highway

Trust

Fund,

First

Refunding

Series

2024A

5

.000

09/01/26

3,547,408

3,200,000

Kentucky

Economic

Development

Finance

Authority,

Hospital

Revenue

Bonds,

Owensboro

Health,

Refunding

Series

2017A

5

.000

06/01/37

3,207,586

1,190,000

Kentucky

Economic

Development

Finance

Authority,

Hospital

Revenue

Bonds,

Owensboro

Medical

Health

System,

Series

2015A

4

.500

06/01/46

1,067,885

2,465,000

Kentucky

Economic

Development

Finance

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1

5

.000

08/01/28

2,573,859

1,635,000

Kentucky

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C

4

.400

07/01/44

1,610,784

1,555,000

Kentucky

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

4

.200

07/01/40

1,548,834

1,000,000

Kentucky

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

4

.500

07/01/45

992,476

1,000,000

Kentucky

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2025C

4

.900

07/01/45

1,017,560

4,605,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

119,

Series

2018

5

.000

05/01/37

4,735,479

2,650,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

131,

Series

2024A

5

.000

10/01/28

2,803,526

3,250,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

133,

Series

2025A

5

.000

09/01/31

3,596,873

5,000,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

133,

Series

2025A

5

.000

09/01/33

5,621,449

9,875,000

Louisville

and

Jefferson

County

Metropolitan

Government

Board

of

Water

Works,

Kentucky,

Water

System

Revenue

Bonds,

Series

2025

5

.000

11/15/33

11,284,465

12,025,000

Louisville

and

Jefferson

County

Metropolitan

Sewer

District,

Kentucky,

Sewer

and

Drainage

System

Revenue

Bonds,

Refunding

Series

2025A

5

.000

05/15/33

13,570,021

1,320,000

Louisville

Regional

Airport

Authority,

Kentucky,

Airport

System

Revenue

Bonds,

Refunding

Series

2014A,

(AMT)

5

.000

07/01/26

1,324,243

3,280,000

Louisville

Regional

Airport

Authority,

Kentucky,

Airport

System

Revenue

Bonds,

Refunding

Series

2014A,

(AMT)

5

.000

07/01/28

3,286,064

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

66

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

KENTUCKY

(continued)

$

7,800,000

(b)

Louisville/Jefferson

County

Metro

Government,

Kentucky,

Health

System

Revenue

Bonds,

Norton

Healthcare,

Inc.,

Series

2023B,

(Mandatory

Put

10/01/29)

5

.000

%

10/01/47

$

8,246,794

6,110,000

Louisville-Jefferson

County

Metropolitan

Government,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2003A

2

.000

10/01/33

5,211,501

1,060,000

Murray,

Kentucky,

Hospital

Facilities

Revenue

Bonds,

Murray-

Calloway

County

Public

Hospital

Corporation

Project,

Refunding

Series

2016

5

.000

08/01/26

1,063,694

1,110,000

Murray,

Kentucky,

Hospital

Facilities

Revenue

Bonds,

Murray-

Calloway

County

Public

Hospital

Corporation

Project,

Refunding

Series

2016

5

.000

08/01/27

1,114,488

1,165,000

Murray,

Kentucky,

Hospital

Facilities

Revenue

Bonds,

Murray-

Calloway

County

Public

Hospital

Corporation

Project,

Refunding

Series

2016

5

.000

08/01/28

1,169,388

1,230,000

Murray,

Kentucky,

Hospital

Facilities

Revenue

Bonds,

Murray-

Calloway

County

Public

Hospital

Corporation

Project,

Refunding

Series

2016

5

.000

08/01/29

1,234,198

2,935,000

Murray,

Kentucky,

Hospital

Facilities

Revenue

Bonds,

Murray-

Calloway

County

Public

Hospital

Corporation

Project,

Refunding

Series

2016

5

.000

08/01/37

2,937,625

15,000,000

(b)

Owen

County,

Kentucky,

Waterworks

System

Revenue

Bonds,

Kentucky-American

Water

Company

Project,

Refunding

Series

2019A,

(Mandatory

Put

10/01/29)

2

.450

06/01/39

14,508,516

18,405,000

(b)

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Refunding

Series

2024B,

(Mandatory

Put

8/01/32)

5

.000

01/01/55

19,493,093

1,000,000

(b)

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Series

2022A-1,

(Mandatory

Put

8/01/30)

4

.000

08/01/52

1,011,505

1,255,000

Rural

Water

Financing

Agency,

Kentucky,

Public

Projects

Revenue

Bonds,

Flexible

Term

Program,

Series

2025H

3

.000

08/01/40

1,054,363

3,335,000

(b)

Trimble

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Louisville

Gas

&

Electric

Company

Project,

Series

2023A,

(AMT),

(Mandatory

Put

6/01/27)

4

.700

06/01/54

3,375,422

5,700,000

(b)

Trimble

County,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2016A,

(AMT),

(Mandatory

Put

9/01/27)

1

.300

09/01/44

5,526,353

1,300,000

University

of

Kentucky,

General

Receipts

Bonds,

Series

2018A

3

.000

10/01/34

1,226,112

5,475,000

University

of

Kentucky,

General

Receipts

Bonds,

Series

2018A

3

.125

10/01/37

5,000,840

TOTAL

KENTUCKY

159,882,653

LOUISIANA

-

1.7%

14,510,000

Calcasieu

Parish

Memorial

Hospital

Service

District,

Louisiana,

Revenue

Bonds,

Lake

Charles

Memorial

Hospital,

Refunding

Series

2019

5

.000

12/01/34

14,570,469

2,895,000

East

Baton

Rouge

Parish

Capital

Improvement

District,

Louisiana,

Movebr

Sales

Tax

Revenue

Bonds,

Series

2024

5

.000

08/01/38

3,199,760

2,080,000

East

Baton

Rouge

Parish

Capital

Improvement

District,

Louisiana,

Movebr

Sales

Tax

Revenue

Bonds,

Series

2024

5

.000

08/01/39

2,282,406

870,000

Greater

New

Orleans

Expressway

Commission,

Louisiana,

Toll

Revenue

Bonds,

Subordinate

Lien

Refunding

Series

2025

5

.000

11/01/42

928,253

5,295,000

Livingston

Parish,

Louisiana,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/31

5,841,258

2,470,000

Louisiana

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Home

Ownership

Program,

Series

2021D

2

.350

12/01/41

1,871,756

3,050,000

Louisiana

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Home

Ownership

Program,

Series

2024A

4

.400

12/01/44

3,004,189

2,085,000

Louisiana

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

4

.150

12/01/40

2,060,561

3,585,000

Louisiana

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

4

.500

12/01/45

3,535,894

1,090,000

Louisiana

Local

Government

Environmental

Facilities

and

Community

Development

Authority,

Louisiana,

Revenue

Bonds,

Bossier

City,

Louisiana

Project,

Refunding

Series

2025

5

.000

06/01/33

1,220,828

67

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LOUISIANA

(continued)

$

11,230,000

Louisiana

Local

Government

Environmental

Facilities

and

Community

Development

Authority,

Louisiana,

Revenue

Bonds,

Entergy

Lousiana,

LLC

Project,

Refunding

Series

2021B

2

.500

%

04/01/36

$

9,574,700

11,250,000

Louisiana

Local

Government

Environmental

Facilities

and

Community

Development

Authority,

Revenue

Bonds,

Westlake

Chemical

Corporation

Projects,

Refunding

Series

2017

3

.500

11/01/32

10,934,391

1,430,000

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2017

5

.000

05/15/28

1,462,481

1,065,000

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2017

5

.000

05/15/29

1,088,698

1,185,000

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2017

5

.000

05/15/30

1,209,858

1,765,000

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2017

5

.000

05/15/31

1,799,175

1,150,000

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2017

5

.000

05/15/32

1,170,658

2,695,000

Louisiana

Publc

Facilities

Authority,

Lousiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2017

5

.000

05/15/46

2,700,597

1,000,000

Louisiana

Public

Facilities

Authority,

Louisiana,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2025B

5

.000

05/15/30

1,072,935

1,000,000

(d)

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Archdiocese

of

New

Orleans,

Refunding

Series

2017

5

.000

07/01/37

415,000

25,000

(e)

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2016,

(Pre-

refunded

5/15/26)

5

.000

05/15/30

25,075

1,110,000

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2016

5

.000

05/15/30

1,112,584

35,000

(e)

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2016,

(Pre-

refunded

5/15/26)

5

.000

05/15/32

35,105

3,430,000

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2016

5

.000

05/15/32

3,437,527

40,000

(e)

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2016,

(Pre-

refunded

5/15/26)

5

.000

05/15/33

40,120

3,915,000

Louisiana

Public

Facilities

Authority,

Revenue

Bonds,

Ochsner

Clinic

Foundation

Project,

Refunding

Series

2016

5

.000

05/15/33

3,923,274

1,100,000

Louisiana

Publics

Facilities

Authority,

Louisiana,

Revenue

Bonds,

I-10

Calcasieu

River

Bridge

Public-Private

Partnership

Project,

Senior

Lien

Series

2024,

(AMT)

5

.500

09/01/54

1,114,224

930,000

Louisiana

State,

Gasoline

and

Fuels

Tax

Revenue

Bonds,

Refunding

Second

Lien

Series

2025A

4

.000

05/01/40

919,579

5,000,000

Louisiana

State,

General

Obligation

Bonds,

Series

2016A

5

.000

09/01/34

5,041,262

7,050,000

Louisiana

State,

General

Obligation

Bonds,

Series

2019A

5

.000

03/01/33

7,442,069

900,000

New

Orleans

Aviation

Board,

Louisiana,

General

Airport

Revenue

Bonds,

Louis

Armstrong

New

Orleans

International

Airport,

Series

2023B,

(AMT)

5

.000

01/01/37

958,154

980,000

New

Orleans

Aviation

Board,

Louisiana,

General

Airport

Revenue

Bonds,

Louis

Armstrong

New

Orleans

International

Airport,

Series

2023B,

(AMT)

5

.000

01/01/39

1,032,267

1,420,000

New

Orleans

Aviation

Board,

Louisiana,

General

Airport

Revenue

Bonds,

Louis

Armstrong

New

Orleans

International

Airport,

Series

2023B,

(AMT)

5

.000

01/01/40

1,488,767

5,195,000

New

Orleans,

Louisiana,

General

Obligation

Bonds,

Public

Improvement

Series

2021A

5

.000

12/01/26

5,267,485

6,105,000

New

Orleans,

Louisiana,

General

Obligation

Bonds,

Public

Improvement

Series

2024A

5

.000

12/01/40

6,326,940

795,000

New

Orleans,

Louisiana,

General

Obligation

Bonds,

Refunding

Series

2015

5

.000

12/01/27

796,146

3,265,000

(b),(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2010B,

(Mandatory

Put

6/01/30)

6

.100

12/01/40

3,573,894

2,050,000

(b)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2011,

(Mandatory

Put

6/01/30)

3

.700

08/01/41

2,075,453

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

68

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LOUISIANA

(continued)

$

12,275,000

(b)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017C,

(Mandatory

Put

7/03/28)

3

.300

%

06/01/37

$

12,382,565

1,375,000

Saint

Tammany

Parish

Hospital

Service

District

2,

Louisiana,

General

Obligation

Bonds,

Series

2025

-

BAM

Insured

5

.000

03/01/33

1,509,149

760,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Junior

Lien

Series

2019B

-

AGM

Insured

5

.000

12/01/26

769,544

1,475,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Junior

Lien

Series

2019B

-

AGM

Insured

5

.000

12/01/29

1,550,884

1,500,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Junior

Lien

Series

2019B

-

AGM

Insured

5

.000

12/01/30

1,573,112

1,795,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Junior

Lien

Series

2019B

-

AGM

Insured

5

.000

12/01/32

1,877,014

1,630,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Junior

Lien

Series

2019B

-

AGM

Insured

4

.000

12/01/33

1,643,224

6,005,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Junior

Lien

Series

2019B

-

AGM

Insured

3

.000

12/01/35

5,656,231

3,900,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2025

5

.000

12/01/31

4,276,952

TOTAL

LOUISIANA

145,792,467

MAINE

-

0.6%

4,645,000

Maine

Health

and

Higher

Educational

Facilities

Authority

Revenue

Bonds,

Eastern

Maine

Medical

Center

Obligated

Group

Issue,

Series

2016A

4

.000

07/01/41

3,825,886

5,685,000

Maine

Health

and

Higher

Educational

Facilities

Authority

Revenue

Bonds,

Eastern

Maine

Medical

Center

Obligated

Group

Issue,

Series

2016A

4

.000

07/01/46

4,420,664

840,000

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

MaineHealth

Issue,

Series

2020A

4

.000

07/01/37

830,164

200,000

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Series

2021A

-

AGM

Insured

5

.000

07/01/26

201,118

165,000

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Series

2021A

-

AGM

Insured

5

.000

07/01/27

169,547

240,000

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Series

2021A

-

AGM

Insured

5

.000

07/01/28

251,857

685,000

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Series

2021A

-

AGM

Insured

2

.500

07/01/29

678,980

200,000

Maine

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Series

2021A

-

AGM

Insured

5

.000

07/01/30

217,099

2,900,000

Maine

Municipal

Bond

Bank,

Transportation

Infrastructure

Revenue

Bonds,

Transcap

Program,

Highway

and

Bridge

Series

2026A

5

.000

09/01/32

3,256,613

10,000,000

Maine

State

Housing

Authority,

Multifamily

Mortgage

Purchase

Bonds,

Series

2020B

2

.350

11/15/40

7,788,411

3,125,000

Maine

State

Housing

Authority,

Multifamily

Mortgage

Purchase

Bonds,

Series

2021A

2

.050

11/15/41

2,162,466

7,425,000

Maine

State

Housing

Authority,

Multifamily

Mortgage

Purchase

Bonds,

Series

2022A

2

.400

11/15/41

5,639,083

6,280,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Series

2020D

2

.550

11/15/40

5,026,861

3,250,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Series

2021B

2

.200

11/15/41

2,330,319

10,675,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2021C

2

.150

11/15/41

7,877,057

3,000,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2021D

2

.400

11/15/41

2,278,418

1,205,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2024C

4

.550

11/15/44

1,200,065

5,125,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2025D

6

.000

11/15/55

5,649,633

2,435,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2026A

6

.000

11/15/56

2,696,088

TOTAL

MAINE

56,500,329

69

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MARYLAND

-

2.2%

$

5,140,000

Anne

Arundel

County,

Maryland,

General

Obligation

Bonds,

Consolidated

General

Improvement,

Series

2024

5

.000

%

10/01/36

$

5,782,851

5,000,000

Baltimore

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement,

Series

2025

5

.000

03/01/33

5,668,907

5,505,000

Baltimore

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement,

Series

2025

5

.000

03/01/36

6,289,945

11,110,000

Baltimore

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement,

Series

2026

5

.000

03/01/43

12,181,908

11,735,000

Baltimore

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement,

Series

2026

5

.000

03/01/44

12,768,151

1,270,000

Baltimore

County,

Maryland,

Revenue

Bonds,

Oak

Crest

Village,

Series

2016

3

.250

01/01/31

1,261,076

3,365,000

Baltimore

County,

Maryland,

Revenue

Bonds,

Oak

Crest

Village,

Series

2016

5

.000

01/01/37

3,367,617

1,760,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5

.000

09/01/27

1,784,825

2,780,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5

.000

09/01/29

2,815,104

1,000,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5

.000

09/01/30

1,011,607

1,365,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5

.000

09/01/31

1,379,500

145,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5

.000

09/01/34

146,030

1,500,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5

.000

09/01/39

1,500,624

3,000,000

Howard

County

Housing

Commission,

Maryland,

Revenue

Bonds,

Columbia

Landing

Project,

Refunding

Series

2021A

1

.600

06/01/29

2,791,727

5,000,000

Howard

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement

Project,

Series

2018A

3

.000

02/15/30

4,996,455

22,335,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2019C

3

.000

09/01/39

19,473,297

10,375,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2020A

2

.500

09/01/40

8,272,981

15,055,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2021A

1

.950

09/01/41

10,277,558

13,245,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2021B

2

.100

09/01/41

9,706,675

20,000,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2021C

2

.450

09/01/41

15,365,322

5,500,000

Maryland

Department

of

Transportation,

Consolidated

Transportation

Revenue

Bonds,

Refunding

Series

2025C

5

.000

11/01/31

6,127,484

1,000,000

Maryland

Economic

Development

Corporation,

Student

Housing

Revenue

Bonds,

University

of

Maryland,

College

Park

Project,

Refunding

Series

2016

-

AGM

Insured

5

.000

06/01/28

1,003,495

7,010,000

(b)

Maryland

Health

and

HIgher

Educational

Facilities

Authority,  Revenue

Bonds,

University

of

Maryland

Medical

Systems,

Series

2020B-2,

(Mandatory

Put

7/01/27)

5

.000

07/01/45

7,119,219

4,460,000

(b)

Maryland

Health

and

Higher

Educational

Facilities

Authority,  Revenue

Bonds,

University

of

Maryland

Medical

Systems,

Series

2025B,

(Mandatory

Put

7/01/31)

5

.000

07/01/45

4,791,841

805,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,  Mercy

Medical

Center,

Series

2016A

5

.000

07/01/32

808,208

2,250,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,  Mercy

Medical

Center,

Series

2016A

5

.000

07/01/33

2,258,545

1,650,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,  Mercy

Medical

Center,

Series

2016A

5

.000

07/01/34

1,655,352

2,000,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,  Mercy

Medical

Center,

Series

2016A

5

.000

07/01/35

2,006,716

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

70

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MARYLAND

(continued)

$

1,570,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,  Mercy

Medical

Center,

Series

2016A

5

.000

%

07/01/36

$

1,574,883

1,000,000

Maryland

Health

and

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Adventist

HealthCare

Issue,

Series

2021B

4

.000

01/01/39

947,474

4,910,000

Maryland

Transportation

Authority,

Revenue

Bonds,

Transportation

Facilities

Projects,

Refunding

Series

2024A

5

.000

07/01/37

5,481,776

10,005,000

Montgomery

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement

Series

2025A

5

.000

10/01/33

11,406,539

11,200,000

Montgomery

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement

Series

2025A

5

.000

10/01/34

12,688,340

8,705,000

Washington

Suburban

Sanitary

District,

Montgomery

and

Prince

George's

Counties,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement,

Series

2026

4

.000

06/01/45

8,448,095

TOTAL

MARYLAND

193,160,127

MASSACHUSETTS

-

2.3%

9,950,000

Boston,

Massachusetts,

General

Obligation

Bonds,

Series

2025A

5

.000

02/01/36

11,276,310

14,750,000

Boston,

Massachusetts,

General

Obligation

Bonds,

Series

2025A

5

.000

02/01/37

16,606,333

4,000,000

Massachusetts

Bay

Transportation

Authority,

Sales

Tax

Revenue

Bonds,

Senior

Series

2025B

5

.000

07/01/32

4,532,954

835,000

Massachusetts

Development

Finance

Agency

Revenue

Bonds,

Lawrence

General

Hospital

Issue,

Series

2014A

5

.000

07/01/26

834,037

680,000

Massachusetts

Development

Finance

Agency

Revenue

Bonds,

Lawrence

General

Hospital

Issue,

Series

2014A

5

.000

07/01/27

675,889

925,000

Massachusetts

Development

Finance

Agency

Revenue

Bonds,

Lawrence

General

Hospital

Issue,

Series

2014A

5

.000

07/01/28

913,339

960,000

Massachusetts

Development

Finance

Agency

Revenue

Bonds,

Lawrence

General

Hospital

Issue,

Series

2014A

5

.000

07/01/29

940,233

4,800,000

(c)

Massachusetts

Development

Finance

Agency

Revenue

Refunding

Bonds,

NewBridge

on

the

Charles,

Inc.

Issue,

Series

2017

4

.000

10/01/32

4,740,652

1,968,811

(c),(d)

Massachusetts

Development

Finance

Agency,

Health

Care

Facility

Revenue

Bonds,

Adventcare

Project,

Series

2007A

6

.650

10/15/28

20

2,000,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

Medical

Center

Issue,

Series

2016E

3

.375

07/01/36

1,857,579

2,270,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Boston

University,

Refunding

Series

2025B-1

5

.000

10/01/39

2,520,109

2,300,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5

.000

07/01/33

2,379,701

1,085,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5

.000

07/01/38

1,108,697

15,285,000

(b)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Harvard

University,

Series

2025A-2,

(Mandatory

Put

11/15/35)

5

.000

05/15/55

17,519,225

415,000

(e)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(Pre-

refunded

7/15/30)

5

.000

07/15/32

452,539

320,000

(e)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(Pre-

refunded

7/15/30)

5

.000

07/15/33

348,946

300,000

(e)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(Pre-

refunded

7/15/30)

5

.000

07/15/34

327,136

270,000

(e)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(Pre-

refunded

7/15/30)

5

.000

07/15/35

294,423

135,000

(e)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(Pre-

refunded

7/15/30)

5

.000

07/15/36

147,211

145,000

(e)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(Pre-

refunded

7/15/30)

5

.000

07/15/37

158,116

71

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MASSACHUSETTS

(continued)

$

250,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Phillips

Academy,

Refunding

Series

2024A

5

.000

%

09/01/30

$

275,286

425,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Phillips

Academy,

Refunding

Series

2024A

5

.000

09/01/32

479,918

1,080,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Simmons

University

Issue,

Series

2018L

5

.000

10/01/30

1,068,249

1,240,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Simmons

University

Issue,

Series

2018L

5

.000

10/01/31

1,219,900

1,775,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Simmons

University

Issue,

Series

2018L

5

.000

10/01/32

1,734,662

1,130,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Southcoast

Health

System

Obligated

Group

Issue,

Series

2021G

5

.000

07/01/35

1,200,571

1,045,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Southcoast

Health

System

Obligated

Group

Issue,

Series

2021G

5

.000

07/01/36

1,104,717

4,250,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

UMass

Memorial

Health

Care

Obligated

Group

Issue,

Series

2017L

3

.625

07/01/37

3,909,929

4,245,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Wellforce

Issue,

Series

2019A

4

.000

07/01/37

4,001,386

2,320,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Series

2019B-1

3

.000

12/01/39

2,071,961

2,875,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Green

Series

2021A-1

2

.125

12/01/41

2,033,312

2,100,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Green

Series

2023A-3

3

.050

12/01/27

2,104,372

3,000,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Series

2019C-1

2

.900

12/01/39

2,487,230

1,900,000

Massachusetts

Housing

Finance

Agency,

Multifamily

Housing

Bonds,

Green

Sustainability

Series

2024A1

4

.550

12/01/44

1,903,649

5,350,000

Massachusetts

Housing

Finance

Agency,

Multifamily

Housing

Bonds,

Green

Sustainability

Series

2024B3

3

.500

06/01/29

5,385,419

7,570,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Series

2019-214

2

.800

12/01/39

6,411,349

2,330,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Series

2020-218

2

.300

12/01/40

1,802,115

4,930,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2020-220

2

.125

12/01/40

3,727,633

4,935,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2021-221

2

.200

12/01/41

3,646,264

3,235,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2021-223

2

.350

06/01/39

2,639,301

1,555,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2024-234

4

.100

12/01/39

1,533,302

5,000,000

Massachusetts

Port

Authority,

Revenue

Bonds,

Refunding

Series

2016B,

(AMT)

5

.000

07/01/43

5,000,834

3,220,000

Massachusetts

School

Building

Authority,

Dedicated

Sales

Tax

Revenue

Bonds,

Senior

Social

Series

2020A

5

.000

08/15/36

3,481,767

14,035,000

Massachusetts

State,

General

Obligation

Bonds,

Consolidated

Loan

Series

2025B

5

.000

06/01/33

15,970,659

8,680,000

Massachusetts

State,

General

Obligation

Bonds,

Consolidated

Loan

Series

2025B

5

.000

06/01/34

9,937,077

2,800,000

Massachusetts

State,

General

Obligation

Bonds,

Refunding

Series

2024B

5

.000

11/01/37

3,122,237

2,800,000

Massachusetts

State,

General

Obligation

Bonds,

Refunding

Series

2024B

5

.000

11/01/38

3,103,352

2,575,000

Massachusetts

State,

General

Obligation

Bonds,

Refunding

Series

2025B

5

.000

06/01/31

2,866,301

12,115,000

Massachusetts

State,

Special

Obligation

Dedicated

Tax

Revenue

Bonds,

Refunding

Series

2005

-

BAM

Insured

5

.500

01/01/34

13,845,845

1,790,000

Massachusetts

State,

Transportation

Fund

Revenue

Bonds,

Rail

Enhancement

Program,

Series

2025A

5

.000

06/01/35

2,079,559

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

72

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MASSACHUSETTS

(continued)

$

1,530,000

Massachusetts

State,

Transportation

Fund

Revenue

Bonds,

Rail

Enhancement

Program,

Series

2025A

5

.000

%

06/01/36

$

1,763,066

2,000,000

Massachusetts

State,

Transportation

Fund

Revenue

Bonds,

Rail

Enhancement

Program,

Series

2025A

5

.000

06/01/37

2,286,903

1,650,000

Massachusetts

State,

Transportation

Fund

Revenue

Bonds,

Refunding

Series

2025A

5

.000

06/01/36

1,901,346

2,180,000

Massachusetts

State,

Transportation

Fund

Revenue

Bonds,

Refunding

Series

2025A

5

.000

06/01/37

2,492,724

945,000

North

Attleborough,

Massachusetts,

General

Obligation

Bonds,

Municipal

Purpose

Loan,

Series

2026

4

.000

03/15/46

896,806

1,650,000

North

Attleborough,

Massachusetts,

General

Obligation

Bonds,

Municipal

Purpose

Loan,

Series

2026

4

.000

03/15/47

1,552,156

1,865,000

North

Attleborough,

Massachusetts,

General

Obligation

Bonds,

Municipal

Purpose

Loan,

Series

2026

4

.000

03/15/48

1,733,281

7,370,417

Somerville,

Massachusetts,

General

Obligation

Bonds,

Bond

Anticipation

Notes

Series

2025B

5

.000

07/01/26

7,416,096

TOTAL

MASSACHUSETTS

197,823,983

MICHIGAN

-

2.2%

780,000

Marquettte,

Michigan,

Electric

Utility

System

Revenue

Bonds,

Refunding

Series

2016A

5

.000

07/01/30

783,892

1,315,000

(b)

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Bronson

Healthcare

Group,

Inc.,

Series

2019B,

(Mandatory

Put

11/16/26)

5

.000

11/15/44

1,318,949

11,740,000

(b)

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

McLaren

Health

Care,

Refunding

Series

2015D-1,

(Mandatory

Put

4/13/28)

1

.200

10/15/30

11,183,565

17,380,000

(b)

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

McLaren

Health

Care,

Refunding

Series

2015D-2,

(Mandatory

Put

4/13/28)

1

.200

10/15/38

16,595,613

1,000,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5

.000

07/01/32

1,110,128

1,500,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5

.000

07/01/33

1,673,905

1,230,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5

.000

07/01/34

1,376,561

10,680,000

(b)

Michigan

Finance

Authority,

Michigan,

Revenue

Bonds,

Trinity

Health

Credit

Group,

Refunding

Series

2022B-MI,

(Mandatory

Put

12/01/28)

5

.000

12/01/43

11,150,585

1,800,000

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Senior

Current

Interest

Series

2020A-CL-1

5

.000

06/01/28

1,876,442

2,500,000

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Senior

Current

Interest

Series

2020A-CL-1

5

.000

06/01/33

2,677,092

2,435,000

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Senior

Current

Interest

Series

2020A-CL-1

4

.000

06/01/34

2,466,772

1,000,000

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Senior

Current

Interest

Series

2020A-CL-1

4

.000

06/01/35

1,008,348

2,470,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2018A

3

.800

10/01/38

2,398,129

8,730,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2021A

2

.250

10/01/41

6,330,935

7,700,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2024A

3

.700

04/01/30

7,699,923

2,255,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Fixed

Rate

Series

2018C

3

.650

12/01/39

2,153,671

13,000,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019B

2

.950

12/01/39

11,205,600

73

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MICHIGAN

(continued)

$

25,205,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020C

2

.600

%

12/01/40

$

20,328,273

9,620,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021A

2

.150

12/01/41

7,094,378

20,000,000

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2025I

5

.000

04/15/33

22,566,624

22,850,000

Michigan

Strategic

Fund,

Limited

Obligation

Pollution

Control

Revenue

Refunding

Bonds,

Detroit

Edison

Company,

Variable

Rate

Demand

Obligations,

Series

1995CC

1

.450

09/01/30

20,240,288

21,550,000

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Detroit

Edison

Company

Exempt

Facilities

Project,

Refunding

Variable

Rate

Series

2008ET-2

1

.350

08/01/29

19,642,293

2,255,000

(b)

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Graphic

Packaging

International,

LLC

Coated

Recycled

Board

Machine

Project,

Green

Series

2021,

(AMT),

(Mandatory

Put

10/01/26)

4

.000

10/01/61

2,255,207

1,335,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Refunding

Series

2025D,

(AMT)

5

.000

12/01/31

1,451,021

1,100,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Refunding

Series

2025F,

(AMT)

5

.000

12/01/31

1,195,598

2,000,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Refunding

Series

2025G,

(AMT)

5

.000

12/01/32

2,185,558

5,000,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Refunding

Series

2025G,

(AMT)

5

.000

12/01/33

5,478,174

6,620,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Refunding

Series

2025G,

(AMT)

5

.000

12/01/34

7,277,272

TOTAL

MICHIGAN

192,724,796

MINNESOTA

-

1.6%

1,910,000

Duluth

Economic

Development

Authority,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2018A

5

.000

02/15/33

1,967,331

1,230,000

Duluth

Economic

Development

Authority,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2018A

5

.000

02/15/37

1,255,163

7,135,000

Duluth

Economic

Development

Authority,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Essentia

Health

Obligated

Group,

Series

2018A

4

.250

02/15/43

6,823,709

7,550,000

Edina

Independent

School

District

273,

Hennepin

County,

Minnesota,

General

Obligation

Bonds,

Facilities

Maintenance

Capital

Notes

Alternative

Facilities

and

School

Building

Refunding

Series

2024A

5

.000

02/01/28

7,891,010

5,435,000

Edina

Independent

School

District

273,

Hennepin

County,

Minnesota,

General

Obligation

Bonds,

Facilities

Maintenance

Capital

Notes

Alternative

Facilities

and

School

Building

Refunding

Series

2024A

3

.000

02/01/36

5,196,401

4,360,000

Hennepin

County,

Minnesota,

General

Obligation

Bonds,

Series

2025A

5

.000

12/01/32

4,922,377

4,580,000

Hennepin

County,

Minnesota,

General

Obligation

Bonds,

Series

2025A

5

.000

12/01/33

5,218,923

12,490,000

(b)

Minneapolis,

Minnesota,

Health

Care

System

Revenue

Bonds,

Allina

Health

System,

Series

2023A,

(Mandatory

Put

11/15/28)

5

.000

11/15/52

13,089,442

1,370,000

Minneapolis-Saint

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Health

Care

System

Revenue

Bonds,

Allina

Health

System,

Refunding

Series

2017A

5

.000

11/15/28

1,399,849

1,000,000

Minneapolis-St.

Paul

Metropolitan

Airports

Commission,

Minnesota,

Airport

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2019B,

(AMT)

5

.000

01/01/27

1,015,281

3,122,840

Minnesota

Housing

Finance

Agency,

Homeownership

Finance

Bonds,

Mortgage-Backed

Securities

Program,

Series

2017E

2

.850

06/01/47

2,652,810

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

74

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MINNESOTA

(continued)

$

2,330,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2013C

3

.900

%

07/01/43

$

2,257,570

6,065,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020B

2

.625

01/01/40

5,002,200

4,525,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020B

3

.500

07/01/50

4,516,642

5,430,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020E

2

.500

07/01/40

4,346,213

4,605,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020I

2

.000

07/01/40

3,263,594

4,110,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2021D

2

.200

07/01/41

3,053,305

9,245,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2021H

2

.350

07/01/41

7,040,364

10,070,000

Minnesota

State,

Certificates

of

Participation,

State

Office

Building

Project,

Series

2023

5

.000

11/01/36

11,196,246

10,060,000

Minnesota

State,

General

Obligation

Bonds,

State

Trunk

Highway

Series

2021B

5

.000

08/01/32

11,330,654

14,745,000

Minnesota

State,

General

Obligation

Bonds,

State

Trunk

Highway

Series

2021B

5

.000

08/01/33

16,721,937

4,160,000

(b)

Rochester,

Minnesota,

Health

Care

Facilities

Revenue

Bonds,

Mayo

Clinic,

Series

2025B,

(Mandatory

Put

5/15/32)

5

.000

11/15/55

4,564,329

6,465,000

Saint

Paul

Independent

School

District

625,

Ramsey

County,

Minnesota,

Certificates

of

Participation,

Series

2018B

3

.500

02/01/39

6,291,164

2,650,000

White

Bear

Lake

Independent

School

District

624,

Ramsey

County,

Minnesota,

General

Obligation

Bonds,

Facilities

Maintenance

Series

2021A

2

.000

02/01/28

2,596,872

3,095,000

White

Bear

Lake

Independent

School

District

624,

Ramsey

County,

Minnesota,

General

Obligation

Bonds,

Facilities

Maintenance

Series

2021A

2

.000

02/01/29

2,960,353

4,135,000

White

Bear

Lake

Independent

School

District

624,

Ramsey

County,

Minnesota,

General

Obligation

Bonds,

Facilities

Maintenance

Series

2021A

2

.000

02/01/30

3,884,676

TOTAL

MINNESOTA

140,458,415

MISSISSIPPI

-

0.3%

5,595,000

Mississippi

Business

Finance

Corporation,

Pollution

Control

Revenue,

Mississippi

Power,

Series

2002

3

.200

09/01/28

5,595,750

1,000,000

Mississippi

Business

Finance

Corporation,

Revenue

Bonds,

System

Energy

Resources,

Inc.

Project,

Refunding

Series

2021

2

.375

06/01/44

647,366

1,365,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

202

5

.500

06/01/45

1,458,643

2,490,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020A

2

.450

12/01/39

2,074,583

1,565,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020A

3

.750

06/01/49

1,573,152

1,470,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A

2

.000

12/01/40

1,060,210

2,830,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024A

4

.000

12/01/39

2,777,688

6,560,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C

4

.650

12/01/44

6,542,814

1,780,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2026A

6

.250

12/01/55

1,989,347

2,000,000

Mississippi

State,

Gaming

Tax

Revenue

Bonds,

Series

2019A

5

.000

10/15/37

2,058,618

1,590,000

Mississippi

State,

Gaming

Tax

Revenue

Bonds,

Series

2019A

4

.000

10/15/38

1,553,408

TOTAL

MISSISSIPPI

27,331,579

75

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MISSOURI

-

1.5%

$

825,000

Cape

Girardeau

County

Industrial

Development

Authority,

Missouri,

Health

Facilities

Revenue

Bonds,

Southeasthealth,

Series

2016A

6

.000

%

03/01/33

$

826,235

2,475,000

Clay

County

Public

School

District

53,

Liberty,

Missouri,

General

Obligation

Bonds,

Refunding

Series

2025

4

.000

03/01/31

2,607,614

3,915,000

Clay

County

Public

School

District

53,

Liberty,

Missouri,

General

Obligation

Bonds,

Refunding

Series

2025

4

.000

03/01/32

4,149,498

3,730,000

Kansas

City

Industrial

Development

Authority,

Missouri,

Airport

Special

Obligation

Bonds,

Kansas

City

International

Airport

Project,

Refunding

Series

2019A,

(AMT)

5

.000

03/01/38

3,830,257

5,215,000

Kansas

City

Industrial

Development

Authority,

Missouri,

Airport

Special

Obligation

Bonds,

Kansas

City

International

Airport

Terminal

Modernization

Project,

Series

2019A,

(AMT)

5

.000

03/01/44

5,281,131

8,000,000

Kansas

City,

Missouri,

Sanitary

Sewer

System

Revenue

Bonds,

Refunding

&

Improvement

Series

2016A

4

.000

01/01/40

7,865,874

4,595,000

Kansas

City,

Missouri,

Water

Revenue

Bonds,

Series

2017A

4

.000

12/01/39

4,544,677

4,000,000

Ladue

School

District,

Saint

Louis

County,

Missouri,

General

Obligation

Bonds,

Series

2021

2

.000

03/01/32

3,563,112

3,000,000

Lees

Summit

Industrial

Development

Authority,

Missouri,

Revenue

Bonds,

John

Knox

Village,

Series

2024A

5

.000

08/15/39

3,050,681

4,335,000

(f)

Metropolitan

St.

Louis

Sewerage

District,

Missouri,

Wastewater

System

Revenue

Bonds,

Refunding

Series

2026A

5

.000

05/01/33

4,878,756

10,425,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Refunding

Series

1998A

2

.900

09/01/33

9,736,987

12,000,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Series

1998B

2

.900

09/01/33

11,208,042

15,240,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Series

1998C

2

.750

09/01/33

13,894,479

12,110,000

(b)

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

BJC

Health

System,

Series

2021B,

(Mandatory

Put

5/01/26)

4

.000

05/01/51

12,122,816

2,125,000

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

BJC

Health

System,

Series

2025A

4

.000

04/01/45

1,975,834

11,970,000

(b)

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

BJC

Health

System,

Series

2025C,

(Mandatory

Put

4/01/35)

5

.000

04/01/59

13,324,106

1,010,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Home

Ownership

Loan

Program

Series

2024C

4

.550

11/01/44

1,006,487

5,070,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Home

Ownership

Loan

Program

Series

2024E

4

.450

11/01/44

5,019,524

2,990,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Home

Ownership

Loan

Program

Series

2024G

3

.950

11/01/39

2,929,777

3,530,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2019C

2

.750

11/01/39

3,025,206

1,500,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2020A

2

.550

11/01/40

1,201,782

1,015,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2021A

2

.150

11/01/41

749,356

4,215,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2021B

2

.000

11/01/41

3,045,764

6,375,000

North

Kansas

City

School

District

74,

Missouri,

General

Obligation

Bonds,

Improvement

Series

2025

5

.000

03/01/44

6,799,912

1,920,000

Springfield

School

District

R12,

Greene

County,

Missouri,

General

Obligation

Bonds,

School

Building

Series

2025

5

.500

03/01/29

2,070,214

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

76

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MISSOURI

(continued)

$

1,935,000

Springfield

School

District

R12,

Greene

County,

Missouri,

General

Obligation

Bonds,

School

Building

Series

2025

5

.500

%

03/01/30

$

2,131,128

1,220,000

Springfield

School

District

R12,

Greene

County,

Missouri,

General

Obligation

Bonds,

School

Building

Series

2025

5

.500

03/01/31

1,368,224

885,000

Stoddard

County

Industrial

Development

Authority,

Missouri,

Health

Facility

Revenue

Bonds,

Southeasthealth,

Series

2016B

6

.000

03/01/37

886,737

TOTAL

MISSOURI

133,094,210

MONTANA

-

0.5%

1,505,000

Cascade

County

High

School

District

A

Great

Falls,

Montana,

General

Obligation

Bonds,

School

Buidling

Series

2018

5

.000

07/01/38

1,554,915

740,000

Flathead

County

School

District

44

Whitefish,

Montana,

General

Obligation

Bonds,

School

Building

Series

2025

-

BAM

Insured

5

.000

07/01/34

833,861

700,000

Flathead

County

School

District

44

Whitefish,

Montana,

General

Obligation

Bonds,

School

Building

Series

2025

-

BAM

Insured

5

.000

07/01/36

796,663

485,000

Flathead

County

School

District

44

Whitefish,

Montana,

General

Obligation

Bonds,

School

Building

Series

2025

-

BAM

Insured

5

.000

07/01/38

545,085

25,675,000

Forsyth,

Montana

Pollution

Control

Revenue

Bonds,

Portland

General

Electric

Company

Project,

Refunding

Series

1998A

2

.125

05/01/33

22,193,198

2,725,000

Forsyth,

Rosebud

County,

Montana,

Pollution

Control

Revenue

Refunding

Bonds,

Northwestern

Corporation

Colstrip

Project,

Series

2023

3

.875

07/01/28

2,767,308

1,000,000

Gallatin

County

School

District

44

Belgrade,

Montana,

General

Obligation

Bonds,

School

Building

Series

2019

4

.000

06/01/33

1,021,676

535,000

Lewis

and

Clark

County

High

School

District,

Montana,

General

Obligation

Bonds,

School

Building

Series

2025

-

BAM

Insured

5

.000

07/01/36

608,445

665,000

Lewis

and

Clark

County

High

School

District,

Montana,

General

Obligation

Bonds,

School

Building

Series

2025

-

BAM

Insured

5

.000

07/01/37

750,245

540,000

Lewis

and

Clark

County

High

School

District,

Montana,

General

Obligation

Bonds,

School

Building

Series

2025

-

BAM

Insured

5

.000

07/01/38

605,668

1,045,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2021A-1

2

.000

12/01/41

754,205

1,665,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2021B

2

.000

12/01/41

1,201,677

995,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2024A

3

.950

12/01/39

973,841

1,000,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2024A

4

.450

12/01/44

992,485

365,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2024B

3

.900

12/01/39

355,473

805,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2024B

4

.300

12/01/44

792,812

2,000,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2025A

4

.250

12/01/40

1,996,043

4,365,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2026A

5

.750

06/01/56

4,782,209

590,000

Montana

Facility

Finance

Authority,

Montana,

Health

Facilities

Reveue

Bonds,

Bozeman

Deaconess

Health

Services

Obligated

Group,

Series

2018

3

.250

06/01/32

578,889

1,875,000

(b)

Montana

Facility

Finance

Authority,

Revenue

Bonds,

Benefis

Health

System

Obligated

Group,

Series

2025A,

(Mandatory

Put

2/15/30)

5

.000

02/15/65

1,988,711

TOTAL

MONTANA

46,093,409

77

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NATIONAL

-

0.4%

$

18,555,000

(c)

Federal

Home

Loan

Mortgage

Corporation,

National,

Multifamily

Variable

Rate

Certificates

Relating

to

Corporate

Taxable

Debt

Series

2019

3

.150

%

01/15/36

$

17,290,517

18,324,716

Federal

Home

Loan

Mortgage

Corporation,

National,

Multifamily

Variable

Rate

Certificates

Relating

to

Municipal

Securities

Class

A

Series

2019M-053

2

.550

06/15/35

16,362,095

4,973,704

Freddie

Mac

Multi-Family

ML

Certificates,

Series

ML

05,

Series

2019A

3

.400

01/25/36

4,752,317

TOTAL

NATIONAL

38,404,929

NEBRASKA

-

0.9%

6,640,000

(b)

Central

Plains

Energy

Project,

Nebraska,

Gas

Project

4

Revenue

Bonds,

Refunding

Series

2023A-1,

(Mandatory

Put

11/01/29)

5

.000

05/01/54

7,025,198

2,025,000

Douglas

County

Hospital

Authority

2,

Nebraska,

Hospital

Revenue

Bonds,

Madonna

Rehabilitation

Hospital

Project,

Series

2014

5

.000

05/15/28

2,026,473

8,520,000

Douglas

County

Hospital

Authority

2,

Nebraska,

Hospital

Revenue

Bonds,

Madonna

Rehabilitation

Hospital

Project,

Series

2014

5

.000

05/15/44

8,519,666

1,070,000

Lincoln,

Nebraska,

Airport

Revenue

Bonds,

Series

2021,

(AMT)

4

.000

07/01/36

1,081,658

750,000

Madison

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Faith

Regional

Health

Services

Project,

Series

2018

5

.000

07/01/26

750,542

200,000

Madison

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Faith

Regional

Health

Services

Project,

Series

2018

5

.000

07/01/27

200,108

835,000

Madison

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Faith

Regional

Health

Services

Project,

Series

2018

5

.000

07/01/28

835,403

485,000

Madison

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Faith

Regional

Health

Services

Project,

Series

2018

5

.000

07/01/29

485,214

1,000,000

Madison

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Faith

Regional

Health

Services

Project,

Series

2018

5

.000

07/01/30

1,000,341

180,000

Madison

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Faith

Regional

Health

Services

Project,

Series

2018

5

.000

07/01/33

180,043

160,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2019D

2

.600

09/01/34

142,857

7,205,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2019D

2

.850

09/01/39

6,178,450

10,000,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2020A

2

.550

09/01/40

8,041,790

610,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2021A

1

.950

09/01/37

473,470

17,770,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2021C

2

.300

09/01/41

13,381,446

2,290,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2023A

4

.125

09/01/38

2,290,332

4,275,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2026A

6

.250

03/01/55

4,780,806

1,605,000

Papillion-LaVista

School

District

27,

Sarpy

County,

Nebraska,

General

Obligation

Bonds,

Refunding

Series

2020B

4

.000

12/01/26

1,620,498

1,775,000

Sarpy

County

School

District

037

Gretna

Public

Schools,

Nebraska,

General

Obligation

Bonds,

Refunding

Series

2019

4

.000

06/15/33

1,808,537

2,240,000

Sarpy

County,

Nebraska,

Limited

Tax

Highway

Allocation

Fund

Pledge

Bonds,

Series

2021

2

.000

06/01/27

2,209,582

6,320,000

Saunders

County

School

District

1,

Ashland-Greenwood,

Nebraska,

General

Obligation

Bonds,

Series

2021

2

.000

12/15/50

3,261,608

3,660,000

Scotts

Bluff

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Regional

West

Medical

Center

Project,

Refunding

&

Improvement

Series

2016A

5

.250

02/01/28

3,662,581

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

78

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEBRASKA

(continued)

$

1,355,000

Scotts

Bluff

County

Hospital

Authority

1,

Nebraska,

Hospital

Revenue

Bonds,

Regional

West

Medical

Center

Project,

Refunding

&

Improvement

Series

2016A

5

.250

%

02/01/29

$

1,353,208

5,790,000

Southeast

Community

College

Area,

Nebraska,

Certificates

of

Participation,

Series

2018

3

.375

12/15/37

5,599,803

TOTAL

NEBRASKA

76,909,614

NEVADA

-

0.5%

8,400,000

Clark

County

School

District,

Nevada,

General

Obligation

Bonds,

Refunding

Limited

Tax

Building

Series

2026A

4

.000

06/15/46

7,910,390

895,000

(b),(c)

Director

of

the

State

of

Nevada

Department

of

Business

and

Industry,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.,

Variable

Rate

Demand

Series

2001,

(AMT),

(Mandatory

Put

6/01/26)

3

.450

12/01/26

895,463

1,585,000

Henderson,

Nevada,

Limited

Obligation

Bonds,

Local

Improvement

District

T-18

Inspirada,

Refunding

Series

2016

4

.000

09/01/32

1,560,224

2,060,000

Henderson,

Nevada,

Limited

Obligation

Bonds,

Local

Improvement

District

T-18

Inspirada,

Refunding

Series

2016

4

.000

09/01/35

1,984,311

3,585,000

Las

Vegas

Convention

and

Visitors

Authority,

Nevada,

Revenue

Bonds,

Refunding

Series

2017B

4

.000

07/01/34

3,601,872

2,860,000

Nevada

Housing

Division,

Single

Family

Housing

Mortgage

Revenue

Bonds,

Refunding

Series

2021A

2

.200

10/01/41

2,117,811

3,670,000

Nevada

Housing

Division,

Single

Family

Housing

Mortgage

Revenue

Bonds,

Senior

Series

2025C

4

.750

10/01/40

3,765,684

6,405,000

(f)

Truckee

Meadows

Water

Authority,

Nevada,

Water

Revenue

Bonds,

Refunding

Series

2026

5

.000

07/01/32

7,171,949

6,760,000

Washoe

County

School

District,

Nevada,

General

Obligation

Bonds,

Limited

Tax

Improvement

Series

2024B

3

.000

06/01/38

6,007,623

5,000,000

(b)

Washoe

County,

Nevada,

Gas

and

Water

Facilities

Revenue

Bonds,

Sierra

Pacific

Power

Company,

Refunding

Series

2016B,

(Mandatory

Put

10/01/29)

3

.625

03/01/36

5,033,089

TOTAL

NEVADA

40,048,416

NEW

HAMPSHIRE

-

1.3%

11,226,040

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Series

2020-1

Class

A

4

.125

01/20/34

11,259,787

15,071,345

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Series

2022-2

Class

A

4

.000

10/20/36

14,857,575

2,901,844

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Social

Series

2023-2

Class

A

3

.875

01/20/38

2,779,914

12,727,320

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Social

Series

2024-1

Class

A

4

.250

07/01/51

12,525,607

5,540,153

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Social

Series

2024-2

Class

A

3

.625

08/20/39

5,210,809

5,723,980

(b)

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Social

Series

2024-4

Class

A

4

.180

11/20/39

5,603,154

6,831,270

(b)

National

Finance

Authority,

New

Hampshire,

Municipal

Certificates

Social

Series

2025-3

Class

A-1

4

.794

02/20/41

6,998,140

6,395,000

(b)

National

Finance

Authority,

New

Hampshire,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management,

INC.,

Project,

Refunding

Series

2018A,

(AMT),

(Mandatory

Put

7/01/26)

4

.000

10/01/33

6,403,288

7,900,000

(c)

National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

Forestar

Group

Houston

Area

Projects,

Fort

Bend,

Galveston,

Montgomery,

and

Walker

Counties,

Texas,

Series

2026

6

.500

12/01/34

7,906,258

14,000,000

New

Hampshire

Business

Finance

Authority,

Pollution

Control

Revenue

Bonds,

United

Illuminating

Company,

Refunding

Series

2003A

4

.500

10/01/33

14,483,952

1,000,000

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Concord

Hospital,

Series

2021A

4

.000

10/01/32

1,022,772

1,020,000

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Concord

Hospital,

Series

2021A

4

.000

10/01/34

1,032,101

1,000,000

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Concord

Hospital,

Series

2021A

4

.000

10/01/38

982,160

79

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

HAMPSHIRE

(continued)

$

2,830,000

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Dartmouth-Hitchcock

Obligated

Group,

Series

2025

5

.000

%

08/01/32

$

3,113,267

1,000,000

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Elliot

Hospital,

Series

2016

5

.000

10/01/38

1,004,386

1,545,000

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Southern

New

Hampshire

Medical

Center,

Series

2016

3

.500

10/01/34

1,524,562

1,520,000

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2024A

4

.050

07/01/39

1,510,493

2,020,000

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2024A

4

.500

07/01/44

2,013,295

10,370,000

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2024C

4

.450

07/01/44

10,344,262

2,505,000

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2025A

4

.150

07/01/40

2,495,039

2,380,000

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2025A

4

.500

07/01/45

2,359,081

TOTAL

NEW

HAMPSHIRE

115,429,902

NEW

JERSEY

-

2.7%

1,580,000

Borough

of

Fair

Lawn,

Bergen

County,

New

Jersey,

General

Obligation

Bonds,

General

Capital

and

Water

Utility

Series

2021

2

.000

09/01/32

1,413,532

1,220,000

Clifton,

New

Jersey,

General

Obligation

Bonds,

Refunding

Series

2021

-

BAM

Insured

2

.000

08/15/29

1,158,651

2,075,000

Clifton,

New

Jersey,

General

Obligation

Bonds,

Refunding

Series

2021

-

BAM

Insured

2

.000

08/15/30

1,928,994

2,060,000

Clifton,

New

Jersey,

General

Obligation

Bonds,

Refunding

Series

2021

-

BAM

Insured

2

.000

08/15/31

1,876,707

2,430,000

East

Brunswick

Township,

Middlesex

County,

New

Jersey,

General

Obligation

Bonds,

Series

2020

2

.000

07/15/30

2,269,395

1,385,000

East

Brunswick

Township,

Middlesex

County,

New

Jersey,

General

Obligation

Bonds,

Series

2021

2

.000

02/15/27

1,368,249

1,355,000

East

Brunswick

Township,

Middlesex

County,

New

Jersey,

General

Obligation

Bonds,

Series

2021

2

.000

02/15/30

1,275,419

1,410,000

Flemington-Raritan

Regional

School

District,

Hunterdon

County,

New

Jersey,

General

Obligation

Bonds,

Series

2019

2

.375

09/01/34

1,236,683

1,585,000

Gloucester

Township,

New

Jersey,

General

Obligation

Bonds,

Series

2019

-

BAM

Insured

2

.250

02/01/29

1,534,798

1,000,000

Montclair

Township

Board

of

Education,

Essex

County,

New

Jersey,

General

Obligation

Bonds,

School

Series

2025

4

.250

08/01/43

1,003,527

6,180,000

New

Jersey

Economic

Development

Authority,

Lease

Revenue

Bonds,

State

House

Project,

Series

2017B

5

.000

06/15/37

6,433,984

2,600,000

(c)

New

Jersey

Economic

Development

Authority,

New

Jersey,

Dock

and

Wharf

Facility

Revenue

Bonds,

Repauno

Port

&

Rail

Terminal

Project,

Series

2025,

(AMT)

6

.375

01/01/35

2,701,848

4,115,000

New

Jersey

Economic

Development

Authority,

New

Jersey,

Transit

Transportation

Project

Revenue

Bonds,

Series

2020A

5

.000

11/01/32

4,392,263

1,555,000

New

Jersey

Economic

Development

Authority,

Private

Activity

Bonds,

The

Goethals

Bridge

Replacement

Project,

Series

2013,

(AMT)

5

.000

01/01/28

1,558,098

2,345,000

New

Jersey

Economic

Development

Authority,

Private

Activity

Bonds,

The

Goethals

Bridge

Replacement

Project,

Series

2013

-

AGM

Insured,

(AMT)

5

.000

01/01/31

2,385,565

2,000,000

New

Jersey

Economic

Development

Authority,

Private

Activity

Bonds,

The

Goethals

Bridge

Replacement

Project,

Series

2013,

(AMT)

5

.375

01/01/43

2,002,081

7,310,000

New

Jersey

Economic

Development

Authority,

Revenue

Bonds,

Motor

Vehicle

Surcharge,

Refunding

Subordinate

Series

2017A

3

.375

07/01/30

7,261,923

25,000,000

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Refunding

Series

2015XX

5

.000

06/15/27

25,026,272

730,000

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Social

Series

2021QQQ

5

.000

06/15/26

733,654

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

80

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

JERSEY

(continued)

$

430,000

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Social

Series

2021QQQ

5

.000

%

06/15/28

$

451,682

5,000,000

New

Jersey

Economic

Development

Authority,

Special

Facility

Revenue

Bonds,

Port

Newark

Container

Terminal

LLC

Project,

Refunding

Series

2017,

(AMT)

5

.000

10/01/47

4,951,955

37,560,000

(b)

New

Jersey

Economic

Development

Authority,

Water

Facilities

Revenue

Bonds,

New

Jersey-American

Water

Company

Inc.

Project,

Refunding

Series

2019A,

(AMT),

(Mandatory

Put

12/03/29)

2

.200

10/01/39

35,383,571

5,310,000

(b)

New

Jersey

Economic

Development

Authority,

Water

Facilities

Revenue

Bonds,

New

Jersey-American

Water

Company

Inc.

Project,

Refunding

Series

2020B,

(AMT),

(Mandatory

Put

6/01/28)

3

.750

11/01/34

5,330,109

1,000,000

(b)

New

Jersey

Educational

Facilities

Authority,

Revenue

Bonds,

Princeton

University,

Series

2025A,

(Mandatory

Put

7/01/35)

5

.000

07/01/64

1,153,078

3,345,000

New

Jersey

Health

Care

Facilities

Authority,

Revenue

Bonds,

Atlanticare

Health

System

Obligated

Group

Issue,

Series

2021

2

.375

07/01/46

2,183,661

1,230,000

New

Jersey

Health

Care

Facilities

Financing

Authority,

Revenue

Bonds,

Saint

Joseph's

Healthcare

System

Obligated

Group

Issue,

Refunding

Series

2016

5

.000

07/01/35

1,231,227

205,000

New

Jersey

Higher

Education

Student

Assistance

Authority,

Student

Loan

Revenue

Bonds,

Senior

Lien

Series

2017-1A,

(AMT)

3

.500

12/01/29

204,957

530,000

New

Jersey

Higher

Education

Student

Assistance

Authority,

Student

Loan

Revenue

Bonds,

Senior

Lien

Series

2017-1A,

(AMT)

3

.750

12/01/31

530,008

540,000

New

Jersey

Higher

Education

Student

Assistance

Authority,

Student

Loan

Revenue

Bonds,

Senior

Lien

Series

2017-1A,

(AMT)

4

.000

12/01/32

540,157

235,000

New

Jersey

Higher

Education

Student

Assistance

Authority,

Student

Loan

Revenue

Bonds,

Senior

Lien

Series

2017-1A,

(AMT)

3

.750

12/01/33

234,937

525,000

New

Jersey

Housing

and

Mortgage

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Series

2018A

3

.750

10/01/35

511,929

1,100,000

New

Jersey

Institute

of

Technology,

New

Jersey,

General

Obligation

Bonds,

Series

2025A

-

BAM

Insured

5

.000

07/01/36

1,248,138

915,000

New

Jersey

Institute

of

Technology,

New

Jersey,

General

Obligation

Bonds,

Series

2025A

-

BAM

Insured

5

.000

07/01/37

1,031,039

155,000

New

Jersey

Transportation

Trust

Fund

Authority,

Federal

Highway

Reimbursement

Revenue

Notes,

Series

2016A-1

5

.000

06/15/29

155,689

3,110,000

New

Jersey

Transportation

Trust

Fund

Authority,

Federal

Highway

Reimbursement

Revenue

Notes,

Series

2018A

5

.000

06/15/28

3,124,499

6,855,000

New

Jersey

Transportation

Trust

Fund

Authority,

Federal

Highway

Reimbursement

Revenue

Notes,

Series

2018A

5

.000

06/15/29

6,885,464

5,635,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

Program

Bonds,

Forward

Delivery

Series

2022AA

5

.000

06/15/33

6,254,794

5,020,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

Program

Bonds,

Series

2022BB

4

.000

06/15/42

4,912,667

1,830,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Refunding

Series

2006C

-

FGIC

Insured

0

.000

12/15/31

1,515,084

10,230,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019A

5

.000

12/15/33

10,906,387

3,980,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019A

4

.000

12/15/39

3,960,937

7,570,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019AA

3

.750

06/15/33

7,573,380

6,190,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019BB

5

.000

06/15/33

6,502,414

2,570,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2020AA

4

.000

06/15/36

2,604,940

1,845,000

New

Jersey

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Series

2025B

5

.000

01/01/34

2,091,535

2,875,000

Ocean

City,

New

Jersey,

General

Obligation

Bonds,

General

Improvement

Series

2019

2

.250

09/15/33

2,557,683

81

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

JERSEY

(continued)

$

2,350,000

Ocean

City,

New

Jersey,

General

Obligation

Bonds,

Refunding

General

Improvement

Series

2016

1

.000

%

11/15/28

$

2,221,637

1,530,000

South

Orange

&

Maplewood

School

District,

Essex

County,

New

Jersey,

General

Obligation

Bonds,

Series

2021

2

.125

08/15/42

1,057,652

6,190,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5

.000

06/01/28

6,438,256

14,170,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5

.000

06/01/29

14,732,404

3,320,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5

.000

06/01/31

3,439,756

2,190,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5

.000

06/01/34

2,266,207

9,205,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5

.000

06/01/36

9,489,878

11,265,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

4

.000

06/01/37

11,231,121

2,270,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018B

5

.000

06/01/46

2,175,237

2,585,000

Toms

River

Board

of

Education,

Ocean

County,

New

Jersey,

General

Obligation

Bonds,

Regional

Schools

Series

2019

2

.000

07/15/26

2,569,026

TOTAL

NEW

JERSEY

237,214,738

NEW

MEXICO

-

0.5%

6,355,000

Farmington,

New

Mexico,

Pollution

Control

Revenue

Bonds,

Public

Service

Company

of

New

Mexico

San

Juan

and

Four

Corners

Projects,

Refunding

Series

2016B

2

.150

04/01/33

5,500,668

3,500,000

New

Mexico

Finance

Authority,

Public

Project

Revolving

Fund

Revenue

Bonds,

Subordinate

Lien

Series

2025C

5

.000

12/15/32

3,955,225

1,180,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2018B

3

.750

07/01/38

1,130,798

3,110,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2018C

3

.750

07/01/38

2,966,647

3,550,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2019D

3

.000

07/01/39

3,118,355

2,530,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2019F

2

.850

07/01/39

2,176,178

2,485,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2021A

2

.150

07/01/41

1,842,741

4,845,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2021C

2

.100

07/01/41

3,558,814

3,490,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2021D

2

.350

07/01/41

2,657,747

1,060,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2024C

4

.100

09/01/39

1,047,457

1,950,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2024C

4

.600

09/01/44

1,939,355

7,205,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2024E

4

.450

09/01/44

7,142,568

590,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2024G

4

.100

09/01/39

583,018

3,700,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2024G

4

.375

09/01/44

3,679,259

2,360,000

(b)

New

Mexico

Municipal

Energy

Acquisition

Authority,

Gas

Supply

Revenue

Bonds,

Refunding

&

Acquisition

Series

2025,

(Mandatory

Put

11/01/30)

5

.000

06/01/54

2,489,001

TOTAL

NEW

MEXICO

43,787,831

NEW

YORK

-

5.8%

1,250,000

Battery

Park

City

Authority,

New

York,

Revenue

Bonds,

Senior

Series

2023B

5

.000

11/01/35

1,425,873

650,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Albert

Einstein

College

of

Medicine,

Inc,

Series

2023

7

.250

06/01/55

672,414

3,390,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020A-1

5

.250

06/01/40

3,296,035

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

82

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

4,030,000

(c)

Build

NYC

Resource

Corporation,

New

York,

Revenue

Bonds,

Family

Life

Academy

Charter

School,

Series

2020B-1

5

.000

%

06/01/40

$

3,816,479

1,125,000

Dormitory

Authority

of

the

State

of

New

York,

General

Revenue

Bonds,

Saint

Johns

University,

Series

2025

5

.000

07/01/34

1,272,915

1,170,000

Dormitory

Authority

of

the

State

of

New

York,

General

Revenue

Bonds,

Saint

Johns

University,

Series

2025

5

.000

07/01/36

1,324,573

5,000,000

(b)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Northwell

Healthcare

Inc,

Series

2019B-1,

(Mandatory

Put

11/01/28)

1

.800

05/01/48

4,806,586

1,400,000

(c)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Orange

Regional

Medical

Center

Obligated

Group,

Series

2017

5

.000

12/01/27

1,411,603

1,300,000

(c)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Orange

Regional

Medical

Center

Obligated

Group,

Series

2017

5

.000

12/01/29

1,293,304

5,140,000

Dormitory

Authority

of

the

State

of

New

York,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose

Series

2016A

Group

A

5

.000

02/15/37

5,172,835

6,965,000

(e)

Dormitory

Authority

of

the

State

of

New

York,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose,

Series

2018A,

(ETM)

5

.000

03/15/28

7,301,307

1,040,000

Dormitory

Authority

of

the

State

of

New

York,

State

Personal

Income

Tax

Revenue

Bonds,

General

Purpose,

Series

2018A

5

.000

03/15/34

1,049,968

8,345,000

Dormitory

Authority

of

the

State

of

New

York,

State

Sales

Tax

Revenue

Bonds,

Series

2018A

5

.000

03/15/40

8,604,293

6,000,000

Dormitory

Authority

of

the

State

of

New

York,

State

Sales

Tax

Revenue

Bonds,

Series

2025A

5

.000

03/15/34

6,825,873

1,000,000

Erie

County,

New

York,

General

Obligation

Bonds,

Public

Improvement

Series

2025A

5

.000

09/15/35

1,160,673

1,000,000

Erie

County,

New

York,

General

Obligation

Bonds,

Public

Improvement

Series

2025A

5

.000

09/15/37

1,146,719

5,000,000

Hudson

Yards

Infrastructure

Corporation,

New

York,

Revenue

Bonds,

Second

Indenture

Fiscal

2017

Series

A

-

BAM

Insured

5

.000

02/15/42

5,061,321

8,195,000

Long

Island

Power

Authority,

New

York,

Electric

System

General

Revenue

Bonds,

Series

2018

5

.000

09/01/39

8,489,550

6,000,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Climate

Bond

Certified

Series

2020D-1

5

.000

11/15/43

6,204,177

8,000,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Refunding

Series

2025A

5

.000

11/15/41

8,566,645

1,195,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Series

2016D

5

.000

11/15/31

1,208,015

5,000,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Series

2021A-2

4

.000

11/15/42

4,734,203

2,400,000

Monroe

County

Industrial

Development

Corporation,

New

York,

Revenue

Bonds,  University

of

Rochester

Project,

Series

2025A

5

.000

07/01/33

2,721,423

1,000,000

Monroe

County

Industrial

Development

Corporation,

New

York,

Revenue

Bonds,  University

of

Rochester

Project,

Series

2025A

5

.000

07/01/34

1,143,965

930,000

Monroe

County

Industrial

Development

Corporation,

New

York,

Revenue

Bonds,

Saint

Ann's

Community

Project,

Series

2019

4

.000

01/01/30

917,377

1,910,000

Monroe

County

Industrial

Development

Corporation,

New

York,

Revenue

Bonds,

Saint

Ann's

Community

Project,

Series

2019

5

.000

01/01/40

1,853,322

1,525,000

Nassau

County

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/28

1,532,847

1,000,000

Nassau

County

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/29

1,006,138

83

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

655,000

Nassau

County

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014B

5

.000

%

07/01/30

$

657,358

2,455,000

Nassau

County

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014B

5

.000

07/01/32

2,462,359

5,000,000

Nassau

County,

New

York,

General

Obligation

Bonds,

General

Improvement

Series

2025A

5

.000

04/01/36

5,727,650

5,685,000

Nassau

County,

New

York,

General

Obligation

Bonds,

Refunding

General

Improvement

Series

2017C

5

.000

10/01/36

5,854,395

5,200,000

(b)

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2025B-2,

(Mandatory

Put

7/02/29)

3

.950

11/01/64

5,293,738

1,630,000

New

York

City

Industrial

Development

Agency,

New

York,

PILOT

Payment

in

Lieu

of

Taxes

Revenue

Bonds,

Queens

Baseball

Stadium

Project,

Refunding

Series

2021A

-

AGM

Insured

4

.000

01/01/32

1,692,608

1,065,000

New

York

City

Industrial

Development

Agency,

New

York,

PILOT

Payment

in

Lieu

of

Taxes

Revenue

Bonds,

Queens

Baseball

Stadium

Project,

Refunding

Series

2021A

-

AGM

Insured

3

.000

01/01/33

1,026,079

5,000,000

New

York

City

Municipal

Water

Finance

Authority,

New

York,

Water

and

Sewer

System

Second

General

Resolution

Revenue

Bonds,

Fiscal

2018

Series

AA

5

.000

06/15/38

5,113,777

2,100,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2017

Series

E-1

5

.000

02/01/43

2,119,827

6,235,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2019

Series

A-1

5

.000

08/01/40

6,451,520

8,050,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2022

Subseries

F-1

5

.000

02/01/43

8,422,433

3,020,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2025

Subseries

Series

A-1

5

.000

11/01/39

3,291,267

7,240,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2024G-1

5

.000

05/01/41

7,813,643

10,000,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2025C-1

5

.000

05/01/40

10,875,173

5,185,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2025E

5

.000

11/01/39

5,650,734

2,550,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Series

2024B

5

.000

05/01/38

2,783,567

11,260,000

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2018

Series

F-1

5

.000

04/01/43

11,498,821

11,000,000

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2026

Series

B-1

5

.000

08/01/31

12,103,046

2,000,000

(f)

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2026,

Subseries

Series

F-1

5

.000

08/01/29

2,142,068

5,000,000

(f)

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2026,

Subseries

Series

F-1

5

.000

08/01/30

5,427,564

3,750,000

(f)

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2026,

Subseries

Series

F-1

5

.000

08/01/31

4,124,581

5,000

New

York

City,

New

York,

General

Obligation

Bonds,

Refunding

Fiscal

2015

Series

C

5

.000

08/01/29

5,009

1,005,000

New

York

Liberty

Development

Corporation,

New

York,

Liberty

Revenue

Bonds,

7

World

Trade

Center

Project,

Refunding

Green

Series

2022A-CL2

3

.125

09/15/50

736,755

18,000,000

New

York

State

Dormitory

Authority,

Personal

Income

Tax

Revenue

Bonds,

General

Purpose

Series

2026A

5

.000

03/15/34

20,396,032

5,000,000

New

York

State

Energy

Research

and

Development

Authority,

Pollution

Control

Revenue

Bonds,

Rochester

Gas

and

Electric

Corporation,

Series

2004B,

(AMT)

4

.000

05/15/32

5,035,413

600,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Climate

Bond

Certified/Green

Bond

Series

2018I

3

.625

11/01/33

598,728

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

84

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

2,000,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Climate

Bond

Certified/Green

Bond

Series

2018I

3

.875

%

11/01/38

$

1,969,972

2,330,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Climate

Bond

Certified/Sustainability

Series

2019P

2

.600

11/01/34

2,040,391

10,105,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Climate

Bond

Certified/Sustainability

Series

2019P

2

.850

11/01/39

8,349,657

8,105,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Refunding

Series

2019C

3

.850

11/01/39

7,735,785

17,620,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Refunding

Series

2020H

2

.300

11/01/40

13,615,809

3,190,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Sustainability

Green

Series

2024C-1

4

.375

11/01/44

3,139,308

4,400,000

(b)

New

York

State

Housing

Finance

Agency,

Housing

Revenue

Bonds,

160

West

2nd

Street

Series

2011A-2,

(Mandatory

Put

4/01/32)

3

.600

11/01/44

4,419,672

5,000,000

(b)

New

York

State

Housing

Finance

Agency,

State

Personal

Income

Tax

Revenue

Bonds,

Sustainability

Series

2024A-2,

(Mandatory

Put

6/15/29)

3

.350

06/15/54

5,014,359

9,685,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

223

3

.000

10/01/39

8,471,153

10,175,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

225

2

.300

10/01/40

7,902,189

6,000,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

227

2

.300

10/01/40

4,659,767

21,935,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

231

2

.400

10/01/41

16,683,289

5,305,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

233

2

.200

04/01/36

4,356,959

12,255,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

239

2

.450

10/01/41

9,406,561

2,485,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

273

6

.000

10/01/55

2,744,154

1,000,000

New

York

State

Power

Authority,

General

Revenue

Bonds,

Green

Series

2024A

5

.000

11/15/33

1,155,303

2,250,000

New

York

State

Power

Authority,

General

Revenue

Bonds,

Green

Series

2024A

5

.000

11/15/36

2,564,990

1,000,000

New

York

State

Power

Authority,

General

Revenue

Bonds,

Green

Series

2024A

5

.000

11/15/37

1,128,575

755,000

New

York

State

Thruway

Authority,

General

Revenue

Bonds,

Refunding

Series

2024Q

5

.000

01/01/28

788,534

1,190,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

5

.000

07/01/30

1,191,149

910,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

4

.000

07/01/32

904,959

8,075,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

4

.000

07/01/33

8,001,876

8,585,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

5

.000

07/01/34

8,591,647

18,530,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

5

.000

07/01/41

18,536,602

2,690,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A

-

AGM

Insured,

(AMT)

4

.000

07/01/46

2,376,076

29,965,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facilities

Bonds,

LaGuardia

Airport

Terminal

B

Redevelopment

Project,

Series

2016A,

(AMT)

5

.250

01/01/50

29,965,902

85

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

1,100,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Refunding

Series

2016,

(AMT)

5

.000

%

08/01/26

$

1,101,108

2,500,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

John

F

Kennedy

International

Airport

New

Terminal

1

Project,

Green

Series

2024,

(AMT)

5

.500

06/30/54

2,521,047

7,800,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

Terminal

4

John

F

Kennedy

International

Airport

Project,

Series

2022,

(AMT)

5

.000

12/01/29

8,241,954

15,020,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2018,

(AMT)

4

.000

01/01/36

14,799,217

1,000,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2023,

(AMT)

6

.000

04/01/35

1,097,119

4,375,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Thirty-Eighth

Series

2023,

(AMT)

5

.000

07/15/35

4,780,754

3,180,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Thirty-Eighth

Series

2023,

(AMT)

5

.000

07/15/36

3,443,419

1,910,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Thirty-Eighth

Series

2023,

(AMT)

5

.000

07/15/37

2,057,851

2,435,000

Suffolk

County

Economic

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/28

2,447,368

2,695,000

Suffolk

County

Economic

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/29

2,705,758

4,200,000

Suffolk

County

Economic

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/30

4,210,093

2,100,000

Suffolk

County

Economic

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/31

2,102,868

1,335,000

Suffolk

County

Economic

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/32

1,336,552

3,080,000

Suffolk

County

Economic

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5

.000

07/01/33

3,083,367

10,675,000

Suffolk

County,

New

York,

General

Obligation

Bonds,

Public

Improvement

Series

2024A

3

.000

10/15/39

9,775,693

1,000,000

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A-2

5

.000

06/01/32

1,082,348

2,275,000

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A-2

5

.000

06/01/33

2,451,996

8,585,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

General

Purpose

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

Refunding

Series

2017B

5

.000

11/15/34

8,771,004

2,760,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

General

Purpose

Revenue

Bonds,

MTA

Bridges

&

Tunnels,

Refunding

Series

2017B

5

.000

11/15/35

2,816,972

3,750,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Payroll

Mobility

Tax

Bonds,

Senior

Lien

Green

Bonds,

Series

2022D-2

5

.000

11/15/39

4,049,358

5,815,000

Utility

Debt

Securitization

Authority,

New

York,

Restructuring

Bonds,

Series

2025TE-2

5

.000

06/15/33

6,445,511

9,875,000

Utility

Debt

Securitization

Authority,

New

York,

Restructuring

Bonds,

Series

2025TE-2

5

.000

12/15/33

11,014,286

1,105,000

Yonkers,

New

York,

General

Obligation

Bonds,

Serial

Series

2022F

-

BAM

Insured

5

.000

11/15/42

1,173,990

TOTAL

NEW

YORK

508,548,849

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

86

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NORTH

CAROLINA

-

1.0%

$

1,745,000

Appalachian

State

University,

North

Carolina,

Revenue

Bonds,

Millennial

Campus

Indoor

Facilities

Project

Series

2024

5

.000

%

11/01/28

$

1,841,070

1,000,000

Appalachian

State

University,

North

Carolina,

Revenue

Bonds,

Millennial

Campus

Indoor

Facilities

Project

Series

2024

5

.000

11/01/29

1,072,093

10,140,000

(b)

Charlotte-Mecklenburg

Hospital

Authority,

North

Carolina,

Health

Care

Revenue

Bonds,

DBA

Carolinas

HealthCare

System,

Variable

Rate

Demand

Series

2021B,

(Mandatory

Put

6/15/27)

3

.250

01/15/50

10,186,536

5,480,000

City

of

Raleigh,

North

Carolina,

Combined

Enterprise

System

Revenue

and

Refunding

Bonds,

Series

2026

5

.000

12/01/33

6,272,781

5,000,000

City

of

Raleigh,

North

Carolina,

Combined

Enterprise

System

Revenue

and

Refunding

Bonds,

Series

2026

5

.000

12/01/34

5,769,332

1,145,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement

Series

54-A

4

.550

07/01/44

1,141,212

9,560,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement

Series

55A

4

.000

07/01/39

9,413,342

4,165,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement

Series

55A

4

.350

01/01/44

4,129,382

5,925,000

(f)

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement

Series

60

6

.250

07/01/57

6,742,042

1,125,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement

Social

Series

53-A

4

.000

07/01/39

1,107,742

3,110,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2019-42

2

.625

07/01/39

2,612,806

4,640,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2020-43

2

.800

01/01/40

3,907,291

12,735,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2021-47

2

.300

07/01/41

9,609,463

2,290,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2025-59A

6

.250

01/01/57

2,591,368

11,625,000

North

Carolina

Municipal

Power

Agency

1,

Catawba

Electric

Revenue

Bonds,

Series

2015C

5

.000

01/01/29

11,706,256

5,265,000

North

Carolina

State,

Limited

Obligation

Bonds,

Refunding

Series

2025B

5

.000

05/01/33

5,957,451

TOTAL

NORTH

CAROLINA

84,060,167

NORTH

DAKOTA

-

1.0%

3,525,000

Cass

County

Joint

Water

Reserve

District,

North

Dakota,

Temporary

Improvement  Special

Assessment

Bonds,

Refunding

Series

2024A

3

.450

04/01/27

3,525,745

1,250,000

Fargo,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021A

4

.000

05/01/26

1,250,859

1,320,000

Fargo,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021A

4

.000

05/01/27

1,320,891

1,385,000

Fargo,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021A

4

.000

05/01/28

1,385,700

5,690,000

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2021

5

.000

12/01/32

5,957,880

5,920,000

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2021

5

.000

12/01/33

6,167,586

2,675,000

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2021

5

.000

12/01/34

2,780,061

500,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

3

.000

05/01/33

445,019

500,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

3

.000

05/01/36

417,331

3,440,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

3

.000

05/01/46

2,282,435

1,795,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

4

.500

05/01/39

1,809,430

2,825,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2019C

3

.200

07/01/39

2,517,668

2,500,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2020A

3

.000

07/01/40

2,143,265

87

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NORTH

DAKOTA

(continued)

$

4,535,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2020B

2

.350

%

07/01/40

$

3,574,151

6,900,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2021A

2

.250

07/01/41

5,174,118

10,000,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2021B

2

.450

07/01/41

7,696,959

5,275,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2024A

4

.550

07/01/44

5,255,916

5,050,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Program

Revenue

Bonds,

Social

Series

2024D

4

.175

07/01/39

5,036,394

2,975,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Program

Revenue

Bonds,

Social

Series

2025C

5

.750

07/01/56

3,248,868

3,785,000

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

5

.000

06/01/28

3,814,436

3,000,000

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

5

.000

06/01/29

3,017,035

1,310,000

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

5

.000

06/01/31

1,312,776

3,480,000

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

5

.000

06/01/34

3,414,022

10,980,000

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

5

.000

06/01/38

10,681,349

3,395,000

Ward

County

Health

Care,

North

Dakota,

Revenue

Bonds,

Trinity

Obligated

Group,

Series

2017C

5

.000

06/01/43

3,189,199

TOTAL

NORTH

DAKOTA

87,419,093

OHIO

-

4.3%

4,475,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/27

4,586,538

6,775,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/28

7,072,880

18,030,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/29

19,109,029

13,640,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/31

14,667,448

8,075,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/32

8,663,514

4,450,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/33

4,758,154

4,045,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/34

4,280,026

2,825,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/35

2,974,267

835,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5

.000

06/01/36

875,492

7,755,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

4

.000

06/01/37

7,776,141

2,810,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

4

.000

06/01/38

2,796,536

2,155,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

4

.000

06/01/39

2,115,927

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

88

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

(continued)

$

8,775,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

3

.000

%

06/01/48

$

6,142,923

3,845,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

4

.000

06/01/48

3,223,984

13,385,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020B-2

Class

2

5

.000

06/01/55

10,808,388

11,545,000

Columbus

City

School

District,

Franklin

County,

Ohio,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

2026A

5

.000

12/01/31

12,844,682

6,500,000

Columbus

Regional

Airport

Authority,

Ohio,

Revenue

Bonds,

John

Glenn

Columbus

International

Airport,

Series

2025A,

(AMT)

5

.000

01/01/40

6,892,520

5,695,000

Columbus

Regional

Airport

Authority,

Ohio,

Revenue

Bonds,

John

Glenn

Columbus

International

Airport,

Series

2025A,

(AMT)

5

.250

01/01/41

6,097,516

3,460,000

Columbus,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2025-1

5

.000

04/01/34

3,953,470

3,250,000

Columbus,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2025A

5

.000

10/01/32

3,661,020

4,010,000

Columbus,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2025A

5

.000

10/01/33

4,560,159

3,000,000

Columbus,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2025A

5

.000

10/01/34

3,440,542

2,700,000

(b)

Franklin

County,

Ohio,

Revenue

Bonds,

CHE

Trinity

Health

Credit

Group,

Variable

Rate

Demand

Obligation

Series

2013,

(Mandatory

Put

5/01/26)

2

.625

12/01/46

2,699,524

1,000,000

Franklin

County,

Ohio,

Sales

Tax

Revenue

Bonds,

Various

Purpose

Series

2018

5

.000

06/01/43

1,025,697

1,520,000

Huber

Heights

City

School

District,

Montgomery

County,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

12/01/32

1,707,228

1,115,000

Montgomery

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Kettering

Health

Network

Obligated

Group

Project,

Refunding

&

Improvement

Series

2021

3

.000

08/01/40

951,401

1,750,000

Muskingum

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Genesis

HealthCare

System

Obligated

Group

Project,

Series

2013

5

.000

02/15/27

1,753,665

7,000,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Generation

Corporation

Project,

Refunding

Series

2009D,

(Mandatory

Put

9/15/21)

3

.375

08/01/29

6,883,736

2,200,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Pollution

Control

Revenue

Bonds,

FirstEnergy

Nuclear

Generation

Project,

Refunding

Series

2009A,

(Mandatory

Put

6/01/22)

4

.750

06/01/33

2,270,078

5,350,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2005A,

(AMT)

3

.750

01/01/29

5,399,739

25,825,000

(b)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2007A,

(AMT),

(Mandatory

Put

10/01/29)

2

.500

08/01/40

24,757,407

18,600,000

(b)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2007B,

(AMT),

(Mandatory

Put

10/01/29)

2

.500

11/01/42

17,831,085

12,595,000

(b)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2014B,

(AMT),

(Mandatory

Put

10/01/29)

2

.600

06/01/41

12,155,355

16,950,000

(b)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

Dayton

Power

&

Light

Company

Project,

Refunding

Collateralized

Series

2015A,

(AMT),

(Mandatory

Put

6/01/27)

4

.250

11/01/40

17,169,765

5,940,000

(b)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

Dueke

Energy

Corporation

Project,

Refunding

Series

2022A,

(AMT),

(Mandatory

Put

6/01/27)

4

.250

11/01/39

5,991,840

195,000

(c)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

Pratt

Paper

Ohio,

LLC

Project,

Series

2017,

(AMT)

3

.750

01/15/28

195,410

89

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

(continued)

$

5,100,000

(b)

Ohio

Higher

Educational

Facility

Commission,

Revenue

Bonds,

Case

Western

Reserve

University

Project,

Series

2019C,

(Mandatory

Put

12/01/26)

1

.625

%

12/01/34

$

5,036,259

1,815,000

Ohio

Higher

Educational

Facility

Commission,

Senior

Hospital

Parking

Revenue

Bonds,

University

Circle

Incorporated

2020

Project,

Series

2020

5

.000

01/15/36

1,878,967

1,950,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2019B

3

.000

09/01/39

1,705,713

3,585,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2020A

2

.750

09/01/40

2,975,999

1,390,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2020B

2

.250

09/01/40

1,076,926

3,605,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2021A

2

.250

09/01/41

2,697,633

4,865,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2021C

2

.450

09/01/41

3,737,615

1,300,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A

4

.350

09/01/44

1,288,647

8,295,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024B

4

.500

09/01/44

8,249,372

2,900,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Social

Series

2025A

4

.150

09/01/40

2,875,301

10,000,000

Ohio

State,

General

Obligation

Bonds,

Common

Schools

Series

2026A

5

.000

09/15/42

11,034,114

10,000,000

Ohio

State,

General

Obligation

Bonds,

Common

Schools

Series

2026A

5

.000

09/15/43

10,959,387

5,585,000

Ohio

State,

General

Obligation

Bonds,

Higher

Education

Refunding

Series

2025D

5

.000

11/01/31

6,231,361

9,000,000

Ohio

State,

General

Obligation

Bonds,

Higher

Education

Refunding

Series

2025D

5

.000

11/01/33

10,254,973

2,000,000

Ohio

State,

General

Obligation

Bonds,

Higher

Education

Series

2025C

5

.000

11/01/31

2,231,463

5,360,000

Ohio

State,

General

Obligation

Bonds,

Higher

Education

Series

2025C

5

.000

11/01/33

6,107,406

5,075,000

Ohio

State,

General

Obligation

Bonds,

Highway

Capital

Improvement

Series

2026Z

5

.000

05/01/31

5,621,523

5,000,000

Ohio

State,

General

Obligation

Bonds,

Refunding

Highway

Capital

Improvement

Series

2026AA

5

.000

05/01/29

5,362,143

5,655,000

Ohio

State,

Turnpike

Revenue

Bonds,

Ohio

Turnpike

and

Infrastructure

Commission,

Infrastructure

Projects,

Junior

Lien

Series

2018A

5

.000

02/15/27

5,774,530

6,000,000

Ohio

Water

Development

Authority,

Water

Pollution

Control

Loan

Fund

Revenue

Bonds,

Series

2025

5

.000

12/01/32

6,781,687

1,750,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

12/01/31

1,953,803

1,185,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

12/01/32

1,337,081

1,730,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5

.000

12/01/32

1,952,025

5,000,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5

.000

12/01/45

5,365,869

3,175,000

Toledo-Lucas

County

Port

Authority,

Ohio,

Development

Revenue

Bonds,

Northwest

Ohio

Bond

Fund,

HB

Magruder

Memorial

Hospital

Project,

Series

2021F

2

.250

11/15/36

2,543,639

370,000

Tuscarawas

County

Economic

Development

and

Finance

Alliance,

Ohio,

Higher

Education

Facilities

Revenue

Bonds,

Ashland

University,

Refunding

&

Improvement

Series

2015

5

.375

03/01/27

370,067

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

90

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

(continued)

$

4,700,000

(e)

Van

Wert

County

Hospital,

Ohio,

Revenue

Bonds,

Van

Wert

Health

Obligated

Group

Refunding

Facilities

Improvement

Series

2020,

(Pre-refunded

12/01/29)

6

.125

%

12/01/49

$

5,174,795

11,700,000

Washington

County,

Ohio,

Hospital

Facilities

Revenue

Bonds,

Memorial

Health

System

Obligated

Group,

Series

2022

6

.375

12/01/37

12,445,105

TOTAL

OHIO

375,116,489

OKLAHOMA

-

2.3%

1,110,000

Bryan

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Durant

Public

Schools

Project,

Refunding

Series

2020

4

.000

12/01/28

1,139,934

1,775,000

Bryan

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Durant

Public

Schools

Project,

Series

2020

2

.000

09/01/28

1,706,573

1,850,000

Bryan

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Durant

Public

Schools

Project,

Series

2020

2

.000

09/01/29

1,743,133

1,800,000

Bryan

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Durant

Public

Schools

Project,

Series

2020

2

.750

09/01/30

1,740,775

1,790,000

Bryan

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Durant

Public

Schools

Project,

Series

2020

2

.750

09/01/31

1,698,798

7,830,000

Canadian

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Piedmont

Public

Schools

Project,

Series

2024

4

.000

08/15/33

8,026,603

12,345,000

Canadian

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Piedmont

Public

Schools

Project,

Series

2024

4

.000

08/15/34

12,588,555

1,725,000

Carter

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Plainview

Public

Schools

Project,

Series

2021A

4

.000

12/01/35

1,766,950

10,000,000

Cleveland

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Public

Schools

Project,

Series

2021

4

.000

06/01/31

10,275,801

910,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/27

922,681

945,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/28

966,975

960,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/29

989,995

875,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/30

904,468

690,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/31

716,119

930,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/32

967,382

800,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/33

828,897

900,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/34

929,470

1,070,000

Cleveland

County

Public

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Norman

Technology

Center

Project,

Series

2021

4

.000

05/01/35

1,098,000

1,470,000

Comanche

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Elgin

Public

Schools

Project,

Series

2017A

5

.000

12/01/28

1,531,133

91

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OKLAHOMA

(continued)

$

1,410,000

Comanche

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Elgin

Public

Schools

Project,

Series

2017A

5

.000

%

12/01/31

$

1,464,603

2,720,000

Garfield

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Enid

Public

Schools

Project,

Series

2016A

5

.000

09/01/29

2,740,748

5,445,000

Garfield

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Enid

Public

Schools

Project,

Series

2016A

5

.000

09/01/31

5,485,628

3,220,000

Garvin

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Wynnewood

Public

Schools

Project,

Series

2018

3

.625

09/01/36

3,222,206

1,365,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Amber-Pocasset

Public

Schools

Project,

Series

2019

4

.000

09/01/32

1,386,440

1,485,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Amber-Pocasset

Public

Schools

Project,

Series

2019

4

.000

09/01/34

1,492,098

1,000,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Amber-Pocasset

Public

Schools

Project,

Series

2019

4

.000

09/01/36

989,409

1,890,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Tuttle

Public

Schools

Project,

Series

2019

4

.000

09/01/32

1,919,686

1,790,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Tuttle

Public

Schools

Project,

Series

2019

4

.000

09/01/33

1,804,596

1,000,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Tuttle

Public

Schools

Project,

Series

2019

4

.000

09/01/34

1,005,098

1,000,000

Lawton

Industrial

Development

Authority,

Oklahoma,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025A

5

.000

07/01/30

1,078,426

1,000,000

Lawton

Industrial

Development

Authority,

Oklahoma,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025A

5

.000

07/01/31

1,091,468

2,490,000

Lincoln

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Stroud

Public

Schools

Project,

Series

2016

5

.000

09/01/26

2,510,777

890,000

Love

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Marietta

Public

Schools

Project,

Series

2021

4

.000

12/01/33

915,298

920,000

Love

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Marietta

Public

Schools

Project,

Series

2021

4

.000

12/01/34

944,731

960,000

Love

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Marietta

Public

Schools

Project,

Series

2021

4

.000

12/01/35

980,869

1,280,000

McClain

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Purcell

Public

Schools

Project,

Series

2018

5

.000

09/01/30

1,341,930

1,565,000

McClain

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Purcell

Public

Schools

Project,

Series

2018

5

.000

09/01/34

1,623,216

5,725,000

Oklahoma

City,

Oklahoma,

General

Obligation

Bonds,

Series

2025

5

.000

03/01/33

6,471,720

6,065,000

Oklahoma

County

Independent

School

District

89

Oklahoma

City,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2024A

1

.250

07/01/26

6,044,904

590,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5

.000

08/15/28

606,895

9,505,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5

.000

08/15/33

9,694,708

8,615,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5

.000

08/15/38

8,692,368

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

92

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OKLAHOMA

(continued)

$

3,795,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5

.250

%

08/15/43

$

3,817,298

2,505,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5

.500

08/15/57

2,442,266

4,975,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Taxable

Series

2022

5

.500

08/15/37

5,152,297

975,000

Oklahoma

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Homeownership

Loan

Program,

Series

2019A

3

.000

09/01/39

845,327

1,430,000

Oklahoma

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Homeownership

Loan

Program,

Series

2020A

3

.000

09/01/40

1,225,861

3,095,000

Oklahoma

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Homeownership

Loan

Program,

Series

2026A

6

.000

09/01/57

3,474,279

745,000

Pontotoc

County

Educational

Facilities

Authority,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Ada

Public

Schools

Project,

Series

2021

4

.000

09/01/29

762,529

440,000

Pontotoc

County

Educational

Facilities

Authority,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Ada

Public

Schools

Project,

Series

2021

4

.000

09/01/30

451,046

1,110,000

Pontotoc

County

Educational

Facilities

Authority,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Ada

Public

Schools

Project,

Series

2021

4

.000

09/01/31

1,137,771

7,800,000

Tulsa

County

Independent

School

District

001

Tulsa,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2022A

2

.000

03/01/27

7,711,521

7,000,000

(f)

Tulsa

County

Independent

School

District

9

Union

Board

of

Education,

Oklahoma,

General

Obligation

Bonds,

Building

Series

2026

2

.000

04/01/28

6,838,628

1,540,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Berryhill

Public

Schools

Project,

Series

2020

2

.000

09/01/27

1,506,768

1,605,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Berryhill

Public

Schools

Project,

Series

2020

2

.000

09/01/28

1,543,127

1,670,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Berryhill

Public

Schools

Project,

Series

2020

2

.000

09/01/29

1,573,531

3,150,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Berryhill

Public

Schools

Project,

Series

2020

2

.000

09/01/30

2,908,311

10,755,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Broken

Arrow

Public

Schools

Project,

Series

2016

5

.000

09/01/26

10,773,963

5,650,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Broken

Arrow

Public

Schools

Project,

Series

2021A

4

.000

09/01/30

5,819,931

5,425,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Broken

Arrow

Public

Schools

Project,

Series

2021A

4

.000

09/01/31

5,595,897

9,955,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jenks

Public

Schools

Project,

Series

2015

5

.000

09/01/26

9,972,553

3,415,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Owasso

Public

Schools

Project,

Series

2025

5

.000

09/01/31

3,739,982

7,180,000

Tulsa,

Oklahoma,

General

Obligation

Bonds,

Series

2024C

0

.050

10/01/37

4,553,225

2,600,000

Washington

County

Rural

Water

District

3,

Oklahoma,

Revenue

Bonds,

Refunding

&

Capital

improvement

Series

2020

3

.000

09/15/35

2,454,052

2,165,000

Weatherford

Industrial

Trust

Educational,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Weatherford

Public

Schools

Project,

Series

2019

5

.000

03/01/29

2,270,053

2,015,000

Weatherford

Industrial

Trust

Educational,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Weatherford

Public

Schools

Project,

Series

2019

5

.000

03/01/31

2,117,302

93

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OKLAHOMA

(continued)

$

2,500,000

Weatherford

Industrial

Trust

Educational,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Weatherford

Public

Schools

Project,

Series

2019

5

.000

%

03/01/33

$

2,610,669

TOTAL

OKLAHOMA

205,348,251

OREGON

-

1.0%

5,070,000

Beaverton

School

District

48J,

Washington

and

Multnomah

Counties,

Oregon,

General

Obligation

Bonds,

Convertible

Deferred

Interest

Series

2017D

5

.000

06/15/36

5,176,857

1,850,000

Beaverton

School

District

48J,

Washington

and

Multnomah

Counties,

Oregon,

General

Obligation

Bonds,

Series

2025A

0

.000

06/15/37

1,175,043

5,000,000

Beaverton

School

District

48J,

Washington

and

Multnomah

Counties,

Oregon,

General

Obligation

Bonds,

Series

2025A

0

.000

06/15/38

2,995,402

1,765,000

Benton

and

Linn

Counties

District

School

District

509J

Corvallis,

Oregon,

General

Obligation

Bonds,

Series

2018A

5

.000

06/15/38

1,826,366

1,260,000

Clackamas

Community

College

District,

Oregon,

General

Obligation

Bonds,

Deferred

Interest

Series

2017A

5

.000

06/15/40

1,281,163

1,665,000

Clackamas

County

School

District

62,

Oregon

City,

Oregon,

General

Obligation

Bonds,

Refunding

Series

2018A

0

.000

06/15/34

1,223,258

1,525,000

Clackamas

County

School

District

62,

Oregon

City,

Oregon,

General

Obligation

Bonds,

Refunding

Series

2018A

0

.000

06/15/35

1,064,786

1,070,000

Clackamas

County

School

District

62,

Oregon

City,

Oregon,

General

Obligation

Bonds,

Refunding

Series

2018A

0

.000

06/15/37

679,597

2,150,000

Clackamas

County

School

District

62,

Oregon

City,

Oregon,

General

Obligation

Bonds,

Refunding

Series

2018A

0

.000

06/15/39

1,240,879

2,800,000

Multnomah-Clackamas

Counties

School

District

10JT

Greham-

Barlow,

Oregon,

General

Obligation

Bonds,

Deferred

interest

Series

2019A

0

.000

06/15/38

1,676,022

1,000,000

Oregon

Department

of

Transportation,

Revenue

Bonds,

Grant

Anticipation,

Social

2024

5

.000

05/15/39

1,093,572

6,585,000

(b)

Oregon

Health

and

Science

University,

Revenue

Bonds,

Green

Series

2021B-2,

(Mandatory

Put

2/01/32)

5

.000

07/01/46

7,140,520

1,830,000

Oregon

Housing

and

Community

Services

Department,

Single

Family

Mortgage

Program

Revenue

Bonds,

Series

2017D

3

.450

01/01/38

1,727,181

3,085,000

Oregon

Housing

and

Community

Services

Department,

Single

Family

Mortgage

Program

Revenue

Bonds,

Series

2018C

3

.900

07/01/38

3,027,996

7,955,000

Oregon

Housing

and

Community

Services

Department,

Single

Family

Mortgage

Program

Revenue

Bonds,

Series

2019A

2

.650

07/01/39

6,709,214

7,420,000

Oregon

Housing

and

Community

Services

Department,

Single

Family

Mortgage

Program

Revenue

Bonds,

Series

2021A

2

.250

07/01/41

5,564,052

2,710,000

Oregon

Housing

and

Community

Services

Department,

Single

Family

Mortgage

Program

Revenue

Bonds,

Series

2025A

4

.750

07/01/40

2,778,419

5,000,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2024A

5

.000

11/15/33

5,698,979

550,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5

.000

11/15/31

613,977

1,000,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5

.000

11/15/32

1,129,111

3,325,000

Oregon

State,

General

Obligation

Bonds,

Veterans

Welfare

Series

108

of

2021O

2

.600

12/01/42

2,551,232

4,840,000

(c)

Port

of

Morrow,

Morrow

County

Oregon,

Full

Faith

and

Credit

Obligations,

Series

2024A

5

.150

10/01/26

4,839,824

4,050,000

Port

of

Portland,

Oregon,

International

Airport

Revenue

Bonds,

Green

Series

2023-29,

(AMT)

5

.000

07/01/38

4,333,294

5,000,000

Port

of

Portland,

Oregon,

International

Airport

Revenue

Bonds,

Series

2022-28,

(AMT)

5

.000

07/01/33

5,448,232

1,925,000

Salem

Hospital

Facility

Authority,

Oregon,

Revenue

Bonds,

Salem

Health

Projects,

Refunding

Series

2016A

5

.000

05/15/33

1,928,542

3,700,000

Tri-County

Metropolitan

Transportation

District,

Oregon,

Capital

Grant

Receipt

Revenue

Bonds,

Series

2018A

4

.000

10/01/33

3,732,389

3,000,000

University

of

Oregon,

General

Revenue

Bonds,

Refunding

Series

2026A

5

.000

04/01/36

3,452,952

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

94

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OREGON

(continued)

$

6,510,000

Washington

County,

Oregon,

General

Obligation

Bonds,

Full

Faith

&

Credit

Obligation

Series

2025

5

.000

%

06/01/33

$

7,416,887

TOTAL

OREGON

87,525,746

PENNSYLVANIA

-

4.1%

1,000,000

Allegheny

County

Airport

Authority,

Pennsylvania,

Airport

Revenue

Bonds,

Pittsburgh

International

Airport,

Series

2023A

-

AGM

Insured,

(AMT)

5

.000

01/01/28

1,032,918

1,400,000

Allegheny

County

Airport

Authority,

Pennsylvania,

Airport

Revenue

Bonds,

Pittsburgh

International

Airport,

Series

2023A

-

AGM

Insured,

(AMT)

5

.000

01/01/29

1,473,549

2,500,000

Allegheny

County

Airport

Authority,

Pennsylvania,

Airport

Revenue

Bonds,

Pittsburgh

International

Airport,

Series

2023A

-

AGM

Insured,

(AMT)

5

.000

01/01/30

2,670,500

1,000,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A

5

.000

04/01/36

1,029,281

10,085,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A

4

.000

04/01/37

9,893,776

5,205,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A

4

.000

04/01/38

5,059,437

5,680,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A

4

.000

04/01/44

5,155,721

2,335,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A

4

.000

04/01/44

2,194,808

1,445,000

(c)

Allentown

Neighborhood

Improvement

Zone

Development

Authority,

Pennsylvania,

Tax

Revenue

Bonds,

City

Center

Project,

Series

2018

5

.000

05/01/28

1,495,330

2,234,000

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Series

2024A-2

6

.000

06/30/34

2,381,765

27,211,000

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Series

2024A-3

5

.000

06/30/39

25,623,023

14,973,000

(g)

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Series

2024B-1

0

.000

06/30/44

11,051,348

4,690,000

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Taxable

Series

2024A-1

8

.000

06/30/34

4,788,937

1,025,000

Capital

Region

Water,

Pennsylvania,

Water

Revenue

Bonds,

Series

2018

5

.000

07/15/27

1,053,181

5,190,000

(b)

Clarion

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Pennsylvania-American

Water

Company

Project,

Refunding

Series

2019,

(AMT),

(Mandatory

Put

12/03/29)

2

.450

12/01/39

4,791,161

22,030,000

Commonwealth

Financing

Authority,

Pennsylvania,

State

Appropriation

Lease

Bonds,

Master

Settlement,

Series

2018

-

AGM

Insured

4

.000

06/01/39

21,193,673

2,000,000

Delaware

River

Joint

Toll

Bridge

Commission,

New

Jersey

and

Pennsylvania,

Bridge

System

Revenue

Bonds,

Series

2017

5

.000

07/01/42

2,029,158

4,465,000

Lehigh

County

General

Purpose

Authority,

Pennsylvania,

Hospital

Revenue

Bonds,

Lehigh

Valley

Health

Network,

Series

2019A

4

.000

07/01/49

3,767,446

7,560,000

Lehigh

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Bonds,

Pennsylvania

Power

and

Light

Company,

Series

2016A

3

.000

09/01/29

7,548,695

16,805,000

(b)

Luzerne

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Pennsylvania-American

Water

Company

Project,

Refunding

Series

2019,

(AMT),

(Mandatory

Put

12/03/29)

2

.450

12/01/39

15,805,444

3,160,000

Pennsylvania

Economic

Development

Financing

Authority,

Private

Activity

Revenue

Bonds,

Pennsylvania

Rapid

Bridge

Replacement

Project,

Series

2015,

(AMT)

5

.000

12/31/34

3,167,109

95

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

11,000,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Revenue

Bonds,

University

of

Pittsburgh

Medical

Center,

Series

2025A,

(Mandatory

Put

3/15/35)

5

.000

%

03/15/60

$

11,970,626

1,000,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc

Project,

Refunding

Series

2019A,

(AMT),

(Mandatory

Put

4/15/26)

3

.250

04/01/34

999,928

1,000,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc

Project,

Series

2019B-1,

(AMT),

(Mandatory

Put

4/15/26)

3

.250

04/01/49

999,924

1,600,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc

Project,

Series

2019B-2,

(AMT),

(Mandatory

Put

7/15/26)

3

.250

04/01/49

1,600,097

1,250,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Project,

Series

2009,

(Mandatory

Put

12/01/26)

0

.950

12/01/33

1,229,652

4,715,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Project,

Series

2013,

(AMT),

(Mandatory

Put

5/01/26)

3

.000

08/01/45

4,714,134

5,225,000

(b)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Project,

Series

2025,

(AMT),

(Mandatory

Put

6/01/26)

2

.875

06/01/49

5,222,267

1,020,000

Pennsylvania

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

LaSalle

University,

Series

2012

5

.000

05/01/37

748,120

10,785,000

Pennsylvania

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

LaSalle

University,

Series

2012

5

.000

05/01/42

7,241,051

1,135,000

Pennsylvania

Higher

Educational

Facilities

Authority,

Revenue

Bonds,

Widener

University,

Series

2021A

3

.000

07/15/39

911,508

19,900,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2016-120

3

.100

10/01/36

18,188,415

13,055,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2017-124B

3

.500

10/01/37

12,355,510

6,615,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-128B

3

.500

10/01/34

6,525,130

1,000,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-130A

2

.500

10/01/34

870,270

1,000,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-130A

2

.700

10/01/39

851,731

3,930,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-131A

3

.000

10/01/39

3,421,175

3,355,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020-133

2

.125

10/01/35

2,739,873

10,150,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020-133

2

.350

10/01/40

7,952,318

15,000,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021-137

2

.450

10/01/41

11,513,538

4,800,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2022-1394A

4

.000

10/01/37

4,763,265

1,000,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-145A

4

.600

10/01/44

993,475

9,000,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Refunding

Series

2025A

5

.000

08/15/29

9,688,924

6,000,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Refunding

Series

2025A

5

.000

08/15/33

6,781,305

3,215,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Series

2023

5

.000

09/01/38

3,531,215

5,000,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Series

2024

5

.000

08/15/30

5,466,987

2,690,000

Pennsylvania

Turnpike

Commission,

Motor

License

Fund-

Enhanced

Turnpike

Special

Revenue

Bonds,

Subordinate

Series

2014A

4

.500

12/01/34

2,711,786

5,215,000

Pennsylvania

Turnpike

Commission,

Motor

License

Fund-

Enhanced

Turnpike

Special

Revenue

Bonds,

Subordinate

Series

2014A

4

.750

12/01/37

5,263,903

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

96

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

16,220,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Capital

Appreciation

Series

2009E

6

.375

%

12/01/38

$

16,948,987

6,000,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

First

Series

2026

5

.000

06/01/29

6,416,302

4,715,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Second

Series

2016B-2

5

.000

06/01/29

4,731,766

22,160,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Second

Series

2016B-2

5

.000

06/01/35

22,219,650

3,075,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Second

Series

2017

5

.000

12/01/29

3,190,899

3,425,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Second

Series

2017

5

.000

12/01/31

3,544,565

5,645,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Series

2016A

5

.000

12/01/36

5,701,832

3,845,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Third

Series

2017

5

.000

12/01/31

3,979,227

2,420,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Third

Series

2017

5

.000

12/01/32

2,500,388

2,240,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Third

Series

2017

4

.000

12/01/36

2,253,482

1,175,000

(e)

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2016A-1,

(Pre-refunded

6/01/26)

5

.000

12/01/28

1,179,706

3,130,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Series

2017A-1

5

.000

12/01/36

3,213,301

1,835,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

La

Salle

University,

Series

2017

5

.000

05/01/31

1,594,115

2,060,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

La

Salle

University,

Series

2017

5

.000

05/01/33

1,692,444

1,165,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

La

Salle

University,

Series

2017

5

.000

05/01/34

930,488

3,000,000

Philadelphia,

Pennsylvania,

Airport

Revenue

Bonds,

Refunding

Series

2025B,

(AMT)

5

.000

07/01/32

3,276,820

440,000

Scranton-Lackawanna

Health

and

Welfare

Authority,

Pennsylvania,

University

Revenue

Bonds,

Marywood

University,

Series

2016

3

.375

06/01/26

438,466

3,120,000

Washington

County

Industrial

Development

Authority,

Pennsylvania,

College

Revenue

Bonds,

AICUP

Financing

Program-Washington

and

Jefferson

College

Project,

Series

2017-PP5

3

.375

11/01/36

2,758,314

1,200,000

Wilson

School

District,

Berks

County,

Pennsylvania,

General

Obligation

Bonds,

Notes

Series

2025D

5

.000

05/15/37

1,312,653

800,000

Wilson

School

District,

Berks

County,

Pennsylvania,

General

Obligation

Bonds,

Notes

Series

2025D

5

.000

05/15/38

870,808

TOTAL

PENNSYLVANIA

361,216,600

PUERTO

RICO

-

2.9%

19,655,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A

5

.000

07/01/30

20,740,247

22,060,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A

5

.000

07/01/35

22,797,733

350,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021A

5

.000

07/01/33

365,940

5,575,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

4

.000

07/01/42

5,274,308

16,071,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/27

15,454,992

27,360,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/29

24,607,559

62,704,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/31

52,200,114

19,876,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/33

15,304,657

2,532,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

4

.500

07/01/34

2,531,978

97

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PUERTO

RICO

(continued)

$

11,678,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

4

.550

%

07/01/40

$

11,645,719

24,197,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/46

8,521,143

1,087,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

4

.750

07/01/53

1,013,695

1,000,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

5

.000

07/01/58

952,125

4,743,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

Cofina

Project

Series

2018B-1

4

.500

07/01/34

4,742,958

15,604,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2

4

.329

07/01/40

15,395,673

7,773,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2

4

.329

07/01/40

7,669,223

76,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2

4

.784

07/01/58

70,281

8,891,454

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5

.625

07/01/27

9,064,073

16,747,234

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5

.625

07/01/29

17,688,499

1,913,507

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5

.750

07/01/31

2,090,141

8,047,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

0

.000

07/01/33

5,848,990

2,683,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

4

.000

07/01/33

2,679,923

2,942,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

4

.000

07/01/35

2,901,061

1,205,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

4

.000

07/01/37

1,164,602

TOTAL

PUERTO

RICO

250,725,634

RHODE

ISLAND

-

0.7%

1,290,000

Rhode

Island

Health

and

Educational

Building

Corporation,

Educational

Institution

Revenue

Bonds,

St.

George's

School,

Series

2021

5

.000

10/01/28

1,360,246

2,000,000

Rhode

Island

Health

and

Educational

Building

Corporation,

Hospital

Financing

Revenue

Bonds,

Care

New

England

Issue,

Refunding

Series

2016B

5

.000

09/01/36

1,990,965

1,470,000

Rhode

Island

Health

and

Educational

Building

Corporation,

Public

Schools

Financing

Program

Revenue

Bonds,

City

of

Providence,

Series

2021D

-

BAM

Insured

5

.000

05/15/27

1,508,143

3,275,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2019

Series

70

3

.000

10/01/39

2,864,536

2,420,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2019

Series

71

3

.000

10/01/39

2,106,678

13,950,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2021

Series

75A

2

.250

10/01/41

10,428,124

10,000,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bonds,

Series

73-A

2

.300

10/01/40

7,766,279

4,550,000

Rhode

Island

Housing

and

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

Series

2020-72A

2

.550

10/01/40

3,655,010

4,000,000

Rhode

Island

Housing

and

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bonds,

Series

83-A

4

.600

10/01/44

3,973,901

4,750,000

Rhode

Island

Infrastructure

Bank,

State

Revolving

Fund

Revenue

Bonds,

Master

Trust

Green

Refunding

Series

2026B

5

.000

10/01/30

5,214,306

137,445,000

Rhode

Island

Tobacco

Settlement

Financing

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2007A

0

.000

06/01/52

19,468,246

3,645,000

Rhode

Island

Tobacco

Settlement

Financing

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2015B

4

.500

06/01/45

3,544,372

TOTAL

RHODE

ISLAND

63,880,806

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

98

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SOUTH

CAROLINA

-

1.5%

$

5,780,000

Greenville

Hospital

System

Board

of

Trustees,

South

Carolina,

Hospital

Revenue

Bonds,

Series

2014B

5

.000

%

05/01/34

$

5,790,143

1,055,000

Lexington

County

Health

Services

District,

Inc.,

South

Carolina,

Hospital

Revenue

Bonds,

Lexington

Medical

Center,

Series

2016

5

.000

11/01/34

1,056,497

1,170,000

Lexington

County

Health

Services

District,

Inc.,

South

Carolina,

Hospital

Revenue

Bonds,

Lexington

Medical

Center,

Series

2016

5

.000

11/01/35

1,171,570

6,400,000

(b)

Patriots

Energy

Group

Financing

Agency,

South

Carolina,

Gas

Supply

Revenue

Bonds,

Series

2023A-1,

(Mandatory

Put

8/01/31)

5

.250

10/01/54

6,884,770

1,000,000

Patriots

Energy

Group,

South

Carolina,

Gas

System

Revenue

Bonds,

Improvement

and

Refunding

Series

2021A

2

.250

06/01/41

687,911

2,500,000

South

Carolina

Association

of

Governmental

Organizations,

Educational

Facilities

Corporation

for

Pickens

School

District,

Installment

Purchase

Revenue

Bonds,

Pickens

County,

Refunding

Series

2025

5

.000

12/01/31

2,769,693

2,680,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2019B

2

.900

07/01/39

2,310,094

5,720,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2020B

2

.150

07/01/40

4,391,219

17,830,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2021A

2

.050

07/01/41

13,071,752

1,865,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2024A

4

.500

07/01/44

1,856,515

5,145,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2024B

4

.375

07/01/44

5,103,458

995,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2025A

4

.150

07/01/40

991,044

8,590,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2025A

4

.500

07/01/45

8,525,367

4,575,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2025B

4

.625

07/01/40

4,673,121

6,095,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2025C

6

.250

01/01/56

6,847,339

7,005,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2026A

6

.000

07/01/56

7,795,258

5,390,000

(b)

South

Carolina

Jobs

Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

Foothill

Affordable

Housing

Foundation

-

Paddock

Club

&

Fairway

Projects,

Senior

Credit

Enhanced

Series

2025,

(Mandatory

Put

3/01/35)

4

.000

03/01/62

5,399,977

3,445,000

(f)

South

Carolina

Jobs-Economic

Dev

Auth,

Revenue

Bonds,

International

Paper

Company

Project,

Refunding

Environmental

Improvement

Series

2023A,

(AMT)

3

.950

04/01/33

3,423,667

1,305,000

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

FMU

Student

Housing

LLC

-

Francis

Marion

University

Project,

Series

2014A

5

.000

08/01/27

1,306,059

3,925,000

South

Carolina

Jobs-Economic

Development

Authority,

Economic

Development

Revenue

Bonds,

FMU

Student

Housing

LLC

-

Francis

Marion

University

Project,

Series

2014A

5

.000

08/01/32

3,925,897

2,650,000

(b)

South

Carolina

Jobs-Economic

Development

Authority,

Hospital

Revenue

Bonds,

Bon

Secours

Mercy

Health,

Inc,

Series

2025B-2,

(Mandatory

Put

11/01/32)

5

.000

11/01/49

2,952,145

4,595,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

&

Improvement

Series

2020A

5

.000

12/01/31

4,999,596

2,565,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2016A

5

.000

12/01/29

2,575,490

5,330,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2016A

5

.000

12/01/29

5,349,456

1,405,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2016A

5

.000

12/01/31

1,410,746

2,920,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2016A

5

.000

12/01/31

2,929,715

99

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SOUTH

CAROLINA

(continued)

$

730,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2016A

5

.000

%

12/01/37

$

732,986

1,525,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2016A

5

.000

12/01/37

1,528,129

4,000,000

South

Carolina

Public

Service

Authority,

Santee

Cooper

Revenue

Obligations,

Refunding

Series

2024B

-

AGM

Insured

5

.000

12/01/42

4,306,782

10,000,000

South

Carolina

Transportation

Infrastructure

Bank,

Revenue

Bonds,

Refunding

Series

2017A

5

.000

10/01/39

10,204,346

4,615,000

Spartanburg

County

School

District

5,

South

Carolina,

General

Obligation

Bonds,

Series

2022

3

.000

03/01/37

4,174,510

TOTAL

SOUTH

CAROLINA

129,145,252

SOUTH

DAKOTA

-

0.6%

200,000

Mitchell

School

District

17-2,

South

Dakota,

General

Obligation

Bonds,

Limited

Tax

Refunding

Certificates,

Series

2021

2

.000

08/01/26

199,064

400,000

Mitchell

School

District

17-2,

South

Dakota,

General

Obligation

Bonds,

Limited

Tax

Refunding

Certificates,

Series

2021

2

.000

08/01/27

392,636

400,000

Mitchell

School

District

17-2,

South

Dakota,

General

Obligation

Bonds,

Limited

Tax

Refunding

Certificates,

Series

2021

2

.000

08/01/29

380,499

1,575,000

Rapid

City,

South

Dakota,

Water

Revenue

Bonds,

Refunding

Series

2025

5

.000

11/01/32

1,765,626

1,170,000

Rapid

City,

South

Dakota,

Water

Revenue

Bonds,

Refunding

Series

2025

5

.000

11/01/33

1,323,801

1,000,000

Rapid

City,

South

Dakota,

Water

Revenue

Bonds,

Refunding

Series

2025

5

.000

11/01/34

1,138,563

1,545,000

South

Dakota

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Monument

Health,

Inc.,

Series

2020A

5

.000

09/01/27

1,585,495

2,515,000

South

Dakota

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Regional

Health,

Refunding

Series

2017

5

.000

09/01/31

2,568,039

3,925,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2021A

2

.100

11/01/41

2,869,883

7,500,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2021B

2

.050

11/01/41

5,473,057

3,500,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2024A

4

.450

11/01/44

3,491,308

13,055,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2024C

4

.500

11/01/44

12,986,472

7,710,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2025A

4

.200

11/01/40

7,675,125

2,395,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2025E

6

.250

05/01/56

2,707,906

4,055,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2026A

6

.000

11/01/56

4,549,529

3,205,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Social

Series

2023A

4

.150

11/01/38

3,214,737

TOTAL

SOUTH

DAKOTA

52,321,740

TENNESSEE

-

1.5%

1,630,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1

5

.000

08/01/26

1,641,890

1,900,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1

5

.000

08/01/28

1,983,907

2,895,000

Knox

County

Health,

Educational

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

University

Health

System,

Inc.,

Series

2017

3

.375

04/01/26

2,895,000

3,250,000

Knox

County

Health,

Educational

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

University

Health

System,

Inc.,

Series

2017

5

.000

04/01/29

3,287,722

2,605,000

Knox

County

Health,

Educational

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

University

Health

System,

Inc.,

Series

2017

5

.000

04/01/30

2,632,896

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

100

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TENNESSEE

(continued)

$

2,810,000

Knox

County

Health,

Educational

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

University

Health

System,

Inc.,

Series

2017

5

.000

%

04/01/31

$

2,836,959

5,210,000

Metropolitan

Government

of

Nashville-Davidson

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Vanderbilt

University

Medical

Center,

Series

2016A

5

.000

07/01/40

5,222,227

11,800,000

Metropolitan

Government

of

Nashville-Davidson

County,

Tennessee,

General

Obligation

Bonds,

Improvement

Series

2021C

1

.750

01/01/37

9,522,056

5,920,000

Metropolitan

Government

of

Nashville-Davidson

County,

Tennessee,

General

Obligation

Bonds,

Improvement

Series

2026C

4

.000

01/01/45

5,740,281

1,000,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Refunding

Series

2026D,

(AMT)

5

.000

07/01/34

1,106,234

1,000,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Refunding

Series

2026D,

(AMT)

5

.000

07/01/35

1,109,283

2,135,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2026B,

(AMT)

5

.000

07/01/33

2,350,585

3,250,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2026B,

(AMT)

5

.000

07/01/34

3,595,260

1,600,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2026B,

(AMT)

5

.000

07/01/35

1,774,854

2,115,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2026B,

(AMT)

5

.000

07/01/36

2,340,367

4,435,000

Murfreesboro,

Tennessee,

General

Obligation

Bonds,

Series

2021

3

.000

06/01/30

4,405,378

1,860,000

(b)

Rutherford

County

Health

and

Educational

Facilities

Board,

Tennessee,

Revenue

Bonds,

Ascension

Health

Group,

Series

2025B-1,

(Mandatory

Put

11/15/30)

5

.000

11/15/48

2,010,184

6,500,000

Shelby

County

Health,

Educational

and

Housing

Facilities

Board,

Tennessee,

Revenue

Bonds,

Methodist

Le

Bonheur

Healthcare,

Series

2025A

5

.000

06/01/35

7,119,426

15,810,000

(b)

Tennergy

Corporation,

Tennessee,

Gas

Revenue

Bonds,

Series

2021A,

(Mandatory

Put

9/01/28)

4

.000

12/01/51

15,969,110

4,095,000

(b)

Tennergy

Corporation,

Tennessee,

Gas

Revenue

Bonds,

Series

2022A,

(Mandatory

Put

12/01/30)

5

.500

10/01/53

4,354,849

5,535,000

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2026A

5

.000

11/01/34

5,910,767

420,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2015-1C

3

.950

07/01/35

419,990

1,275,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2018-2

3

.700

07/01/38

1,226,134

3,280,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2018-3

3

.750

07/01/38

3,143,234

6,335,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2018-4

3

.900

07/01/38

6,216,428

5,765,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2019-1

3

.750

07/01/39

5,515,437

6,615,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2019-2

3

.000

07/01/39

5,810,681

2,440,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2019-3

2

.600

07/01/39

2,041,952

3,930,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2019-4

2

.900

07/01/39

3,387,563

3,840,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2021-1

2

.250

07/01/41

2,884,155

7,135,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2021-2

2

.250

07/01/41

5,350,338

5,340,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2021-3

2

.300

07/01/41

4,029,410

215,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Social

Series

2024-2A

4

.450

07/01/44

212,878

1,350,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Social

Series

2025-2A

4

.850

07/01/40

1,386,820

101

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TENNESSEE

(continued)

$

3,245,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Project

Revenue

Bonds,

Refunding

Series

2025A

5

.000

%

12/01/35

$

3,438,760

2,250,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006B

5

.625

09/01/26

2,265,835

TOTAL

TENNESSEE

135,138,850

TEXAS

-

9.3%

11,020,000

Alamo

Community

College

District,

Texas

General

Obligation

Bonds,

Refunding

Limited

Tax

Series

2025

5

.000

08/15/33

12,393,825

10,195,000

Alamo

Community

College

District,

Texas

General

Obligation

Bonds,

Refunding

Limited

Tax

Series

2025

5

.000

08/15/34

11,542,772

5,000,000

Aldine

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2017A

5

.000

02/15/45

5,033,629

2,050,000

Aldine

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2024B

5

.000

02/15/28

2,143,714

2,610,000

Austin

Convention

Enterprises

Inc.,

Texas,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

First

Tier

Series

2017A

5

.000

01/01/28

2,625,112

2,840,000

Austin

Convention

Enterprises

Inc.,

Texas,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

First

Tier

Series

2017A

5

.000

01/01/30

2,854,227

1,600,000

Austin

Convention

Enterprises

Inc.,

Texas,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

First

Tier

Series

2017A

5

.000

01/01/32

1,606,250

5,000,000

Austin,

Texas,

Certificates

of

Obligation,

Series

2025

5

.000

09/01/33

5,650,085

5,000,000

(f)

Austin,

Texas,

Water

and

Wastewater

System

Revenue

Bonds,

Refunding

&

Improvement

Series

2026

5

.000

11/15/31

5,548,592

20,000,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2024B

5

.000

08/15/40

21,871,796

9,255,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2025A

5

.000

08/15/28

9,781,005

8,500,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2025B

5

.000

08/15/36

9,633,523

5,000,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2026A

5

.000

08/15/29

5,389,448

8,525,000

Board

of

Regents

of

the

University

of

Texas,

Permanent

University

Fund

Bonds,

Series

2024A

5

.000

07/01/38

9,412,928

9,125,000

Board

of

Regents

of

the

University

of

Texas,

Permanent

University

Fund

Bonds,

Series

2024A

5

.000

07/01/39

10,030,272

10,860,000

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Anticipation

Notes

Subordinate

Lien

Series

2021C

5

.000

01/01/27

10,926,635

4,150,000

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2025A

5

.000

01/01/30

4,466,802

1,000,000

City

of

Houston,

Texas,

Convention

&

Entertainment

Facilities

Department

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Refunding

Series

2019

5

.000

09/01/34

1,040,521

1,000,000

City

of

Houston,

Texas,

Convention

&

Entertainment

Facilities

Department

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Refunding

Series

2019

5

.000

09/01/35

1,036,781

1,000,000

City

of

Houston,

Texas,

Convention

&

Entertainment

Facilities

Department

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Refunding

Series

2019

5

.000

09/01/36

1,034,301

3,325,000

Collin

County,

Texas,

General

Obligation

Bonds,

Limited

Tax

Permanent

Improvement

Series

2023

5

.000

02/15/36

3,655,259

1,310,000

Collin

County,

Texas,

General

Obligation

Bonds,

Limited

Tax

Permanent

Improvement

Series

2023

5

.000

02/15/37

1,431,088

7,575,000

Comal

Independent

School

District,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

02/01/33

8,541,125

3,000,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2024

5

.000

02/15/30

3,255,557

5,000,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

02/15/34

5,658,231

1,200,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5

.000

02/15/32

1,337,985

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

102

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

2,965,000

Corpus

Christi,

Texas,

General

Obligation

Bonds,

General

Improvement

Refunding

Series

2025C

5

.000

%

03/01/33

$

3,293,001

3,090,000

Corpus

Christi,

Texas,

General

Obligation

Bonds,

General

Improvement

Refunding

Series

2025C

5

.000

03/01/34

3,449,879

3,280,000

Corpus

Christi,

Texas,

General

Obligation

Bonds,

General

Improvement

Refunding

Series

2025C

5

.000

03/01/35

3,672,813

3,395,000

Crowley

Independent

School

District,

Tarrant

and

Johnson

Counties,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

02/01/33

3,819,050

5,570,000

Crowley

Independent

School

District,

Tarrant

and

Johnson

Counties,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

02/01/34

6,314,129

2,710,000

Cypress-Fairbanks

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2026

5

.000

02/15/31

2,982,098

9,090,000

Dallas

Fort

Worth

International

Airport,

Texas,

Joint

Revenue

Bonds

Refunding

Series

2023C,

(AMT)

5

.000

11/01/27

9,377,827

7,445,000

Dallas

Fort

Worth

International

Airport,

Texas,

Joint

Revenue

Bonds,

Refunding

&

Improvement

Series

2025A-1,

(AMT)

5

.000

11/01/30

8,032,744

4,000,000

Dallas

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026A

5

.000

02/15/33

4,503,720

5,445,000

Dallas

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026A

5

.000

02/15/34

6,161,814

10,035,000

Dallas,

Texas,

General

Obligation

Bonds,

Refunding

and

Improvement

Series

2024B

5

.000

02/15/27

10,250,615

9,120,000

Dallas,

Texas,

General

Obligation

Bonds,

Series

2025

5

.000

02/15/32

10,155,185

5,900,000

Dallas,

Texas,

Waterworks

and

Sewer

System

Revenue

Bonds,

Refunding

Series

2016A

5

.000

10/01/41

5,936,710

3,000,000

Denton

County,

Texas,

General

Obligation

Bonds,

Refunding

Permanent

Improvement

Series

2025

5

.000

07/15/32

3,354,287

9,070,000

Eagle

Mountain

and

Saginaw

Independent

School

District,

Tarrant

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025A

5

.000

08/15/33

10,295,979

2,775,000

Fort

Bend

County

Industrial

Development

Corporation,

Texas,

Revenue

Bonds,

NRG

Energy

Inc.

Project,

Series

2012B

4

.750

11/01/42

2,775,014

2,400,000

Fort

Bend

County,

Texas,

General

Obligation

Bonds,

Refunding

Road

Series

2025

5

.000

03/01/33

2,682,859

3,405,000

Fort

Bend

County,

Texas,

General

Obligation

Bonds,

Refunding

Road

Series

2025

5

.000

03/01/34

3,834,385

4,000,000

Grand

Prairie

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2015

4

.000

02/15/31

4,002,595

5,215,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Refunding

Series

2020A

4

.125

07/01/26

5,234,330

4,025,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Refunding

Series

2020A

3

.950

07/01/27

4,089,849

3,060,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Refunding

Series

2020A

3

.750

07/01/28

3,114,843

3,650,000

(b)

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Series

2022B,

(Mandatory

Put

12/01/28)

5

.000

06/01/50

3,827,455

8,960,000

(b)

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Series

2024C,

(Mandatory

Put

7/01/29)

5

.000

07/01/54

9,481,778

1,000,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Texas

Childrens

Hospital,

Series

2019A

4

.000

10/01/35

1,006,261

10,710,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Medical

Center,

Refunding

Series

2026

5

.000

12/01/29

11,562,579

103

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

1,590,000

Harris

County

Flood

Control

District,

Texas,

General

Obligation

Bonds,

Refunding

Improvement,

Green

Series

2023A

4

.000

%

09/15/48

$

1,445,807

4,560,000

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Permanent

Improvement

Series

2025A

5

.000

09/15/33

5,164,215

4,650,000

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Permanent

Improvement

Series

2025A

5

.000

09/15/34

5,304,190

1,715,000

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Road

Series

2025A

5

.000

09/15/33

1,942,243

1,800,000

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Road

Series

2025A

5

.000

09/15/34

2,053,235

1,750,000

Harris

County,

Texas,

Toll

Road

Revenue

Bonds,

Refunding

First

Lien

Series

2025A

5

.000

08/15/32

1,954,088

1,270,000

Harris

County,

Texas,

Toll

Road

Revenue

Bonds,

Refunding

Senior

Lien

Series

2016A

5

.000

08/15/41

1,274,716

6,995,000

Houston,

Texas,

Airport

System

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2023A

-

AGM

Insured,

(AMT)

5

.000

07/01/28

7,309,369

11,005,000

Houston,

Texas,

Airport

System

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2023A

-

AGM

Insured,

(AMT)

5

.000

07/01/30

11,845,315

11,535,000

Houston,

Texas,

Airport

System

Revenue

Bonds,

Refunding

Subordinate

Lien

Series

2023A

-

AGM

Insured,

(AMT)

5

.000

07/01/32

12,619,793

2,000,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

E

Project,

Refunding

Series

2014,

(AMT)

5

.000

07/01/29

2,001,960

1,000,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

E

Project,

Series

2021B-1,

(AMT)

4

.000

07/15/41

910,737

7,725,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5

.250

07/15/33

8,120,936

1,600,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5

.250

07/15/34

1,678,891

12,050,000

Houston,

Texas,

Combined

Utility

System

Revenue

Bonds,

Refunding

First

Lien

Series

2014D

5

.000

11/15/39

12,065,390

3,175,000

Houston,

Texas,

Combined

Utility

System

Revenue

Bonds,

Refunding

First

Lien

Series

2018D

5

.000

11/15/32

3,334,827

2,630,000

Houston,

Texas,

Combined

Utility

System

Revenue

Bonds,

Refunding

First

Lien

Series

2018D

5

.000

11/15/33

2,756,305

8,500,000

Houston,

Texas,

General

Obligation

Bonds,

Refunding

Series

2024A

5

.000

03/01/41

9,145,548

7,500,000

Houston,

Texas,

General

Obligation

Bonds,

Refunding

Series

2024A

5

.000

03/01/42

8,036,611

3,820,000

(f)

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Convention

and

Entertainment

Facilities

Department,

Refunding

First

Lien

Series

2026C

5

.000

09/01/45

4,031,469

5,000,000

(f)

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Convention

and

Entertainment

Facilities

Department,

Refunding

First

Lien

Series

2026C

5

.000

09/01/46

5,222,423

4,235,000

(f)

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Convention

and

Entertainment

Facilities

Department,

Refunding

First

Lien

Series

2026C

5

.500

09/01/58

4,498,391

1,000,000

Houston,

Texas,

Hotel

Occupancy

Tax

and

Special

Revenue

Bonds,

Convention

and

Entertainment

Facilities

Department,

Refunding

Series

2021

3

.000

09/01/33

968,190

4,750,000

Humble

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2026A

5

.000

02/15/32

5,277,200

2,925,000

Hurst-Euless-Bedford

Independent

School

District,

Tarrant

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2024

5

.000

08/15/26

2,951,145

2,830,000

Hutto,

Texas,

Certificates

of

Obligation

Bonds,

Combination

Tax

&

Waterworks

&

Sewer

System

Revenue

Series

2026

4

.000

08/01/43

2,673,703

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

104

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

2,055,000

Katy

Independent

School

District,

Harris,

Fort

Bend

and

Waller

Counties,

Texas,

General

Obligation

Bonds,

Refunding

Series

2024

5

.000

%

02/15/29

$

2,187,644

1,575,000

Klein

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Schoolhouse

Refunding

Series

2019

5

.000

02/01/43

1,620,785

1,000,000

Love

Field

Airport

Modernization

Corporation,

Texas,

General

Airport

Revenue

Bonds

Series

2015,

(AMT)

5

.000

11/01/26

1,001,505

2,025,000

Love

Field

Airport

Modernization

Corporation,

Texas,

General

Airport

Revenue

Bonds

Series

2015,

(AMT)

5

.000

11/01/27

2,028,129

1,570,000

Love

Field

Airport

Modernization

Corporation,

Texas,

General

Airport

Revenue

Bonds

Series

2015,

(AMT)

5

.000

11/01/28

1,572,440

2,000,000

Love

Field

Airport

Modernization

Corporation,

Texas,

General

Airport

Revenue

Bonds

Series

2015,

(AMT)

5

.000

11/01/29

2,003,004

2,000,000

Love

Field

Airport

Modernization

Corporation,

Texas,

General

Airport

Revenue

Bonds

Series

2015,

(AMT)

5

.000

11/01/30

2,002,870

4,115,000

Lower

Colorado

River

Authority,

Texas,

Transmission

Contract

Revenue

Bonds,

LCRA

Transmission

Services

Corporation

Project,

Refunding

Series

2021

5

.000

05/15/27

4,224,081

4,590,000

Matagorda

County

Navigation

District

1,

Texas,

Pollution

Control

Revenue

Bonds,

Central

Power

&

Light

Company

Project,

Refunding

Series

2001A

2

.600

11/01/29

4,468,084

2,720,000

McCamey

County

Hospital

District,

Texas,

General

Obligation

Bonds,

Series

2013

5

.250

12/01/28

2,721,279

2,335,000

(c)

Mission

Economic

Development

Corporation,

Texas,

Revenue

Bonds,

Natgasoline

Project,

Senior

Lien

Series

2018,

(AMT)

4

.625

10/01/31

2,337,867

1,800,000

(b)

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Graphic

Packaging

International,

LLC

Project,

Green

Series

2025,

(AMT),

(Mandatory

Put

6/01/30)

5

.000

12/01/64

1,867,570

2,570,000

(b)

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.

Project,

Adjustable

Rate

Series

2020A,

(AMT),

(Mandatory

Put

5/01/26)

3

.000

05/01/50

2,569,767

10,000,000

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.

Project,

Series

2023A,

(AMT),

(Mandatory

Put

7/01/27)

4

.250

06/01/48

10,082,178

5,000,000

Montgomery

County,

Texas,

General

Obligation

Bonds,

Limited

Tax

Refunding

Series

2025A

5

.000

03/01/32

5,547,621

2,900,000

North

East

Independent

School

District,

Bexar

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

08/01/33

3,278,611

3,020,000

North

Texas

Municipal

Water

District,

Texas,

Regional

Wastewater

Revenue

Bonds,

Improvement

and

Refunding

Series

2025

4

.000

06/01/43

2,958,129

3,860,000

(e)

North

Texas

Tollway

Authority,

Special

Projects

System

Revenue

Bonds,

Convertible

Capital

Appreciation

Series

2011C,

(Pre-

refunded

9/01/31)

7

.000

09/01/43

4,552,781

9,195,000

(e)

North

Texas

Tollway

Authority,

Special

Projects

System

Revenue

Bonds,

Convertible

Capital

Appreciation

Series

2011C,

(Pre-

refunded

9/01/31)

6

.750

09/01/45

10,932,772

5,355,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier

Series

2023A

5

.000

01/01/27

5,450,872

4,010,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier

Series

2024A

5

.000

01/01/41

4,359,384

3,750,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier,

Series

2008D

-

AGC

Insured

0

.000

01/01/38

2,363,514

2,250,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier,

Series

2017A

5

.000

01/01/43

2,305,632

5,000,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier,

Series

2019A

3

.000

01/01/35

4,799,962

5,950,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier,

Series

2020A

4

.000

01/01/37

5,980,208

5,000,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

Second

Tier

Series

2024B

5

.000

01/01/32

5,520,416

105

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

5,280,000

Pasadena

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2015

4

.000

%

02/15/34

$

5,281,862

4,500,000

Pearland

Independent

School

District,

Brazoria

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5

.000

02/15/32

5,022,599

965,000

(c)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2020,

(AMT)

3

.625

01/01/35

868,175

6,865,000

(c)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2021A,

(AMT)

2

.750

01/01/36

5,342,913

13,675,000

(c)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2021A,

(AMT)

2

.875

01/01/41

9,735,320

1,000,000

(c)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2021A,

(AMT)

3

.000

01/01/50

603,459

2,000,000

(c)

Port

Beaumont

Navigation

District,

Jefferson

County,

Texas,

Dock

and

Wharf

Facility

Revenue

Bonds,

Jefferson

Gulf

Coast

Energy

Project,

Series

2024A,

(AMT)

5

.000

01/01/39

1,901,245

1,270,000

Port

of

Houston

Authority,

Harris

County,

Texas,

General

Obligation

Bonds,

First

Lien

Series

2021

5

.000

10/01/26

1,285,726

2,315,000

Round

Rock,

Texas,

Combined

Tax

and

Revenue

Certificates

of

Obligation,

Series

2021A

2

.000

08/15/43

1,543,771

1,180,000

Round

Rock,

Texas,

Combined

Tax

and

Revenue

Certificates

of

Obligation,

Series

2021C

2

.000

08/15/43

786,890

1,520,000

Round

Rock,

Texas,

Combined

Tax

and

Revenue

Certificates

of

Obligation,

Series

2021C

2

.000

08/15/46

928,958

3,910,000

San

Antonio,

Texas,

Water

System

Revenue

Bonds,

Refunding

Junior

Lien

Series

2025C

5

.000

05/15/32

4,366,290

4,260,000

(b)

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Scott

&

White

Healthcare

Project,

Series

2026F,

(Mandatory

Put

5/01/30)

5

.000

11/15/55

4,565,606

3,765,000

(b)

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Health

Resources

System,

Series

2025C,

(Mandatory

Put

11/15/32)

5

.000

11/15/64

4,160,556

4,990,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2025B

4

.650

07/01/40

5,092,245

5,835,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2025D

4

.750

07/01/40

5,982,314

6,810,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2026A

6

.000

01/01/57

7,584,864

13,980,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Series

2024C

4

.450

01/01/44

13,844,493

3,535,000

Texas

Department

of

Housing

and

Community

Affairs,

Single

Family

Mortgage

Revenue

Bonds,

Series

2018A

4

.125

09/01/38

3,543,544

4,835,000

Texas

Department

of

Housing

and

Community

Affairs,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A

2

.050

09/01/41

3,536,491

18,170,000

(b)

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

IV,

Gas

Supply

Revenue

Bonds,

Series

2023A,

(Mandatory

Put

1/01/30)

5

.500

01/01/54

19,186,413

15,850,000

(b)

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

IV,

Gas

Supply

Revenue

Bonds,

Series

2023B,

(Mandatory

Put

1/01/34)

5

.500

01/01/54

17,314,946

10,000,000

(b)

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

V,

Texas,

Gas

Supply

Revenue

Bonds,

Series

2024,

(Mandatory

Put

1/01/34)

5

.000

01/01/55

10,629,831

6,500,000

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

VI,

Gas

Supply

Revenue

Bonds,

Series

2025

5

.000

01/01/36

6,907,179

7,000,000

Texas

Private

Activity

Bond

Surface

Transporation

Corporation,

Revenue

Bonds,

NTE

Mobility

Partners

LLC

North

Tarrant

Express

Managed

Lanes

Project,

Refunding

Senior

Lien

Series

2019A

4

.000

12/31/37

6,834,426

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

106

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

3,940,000

Texas

Private

Activity

Bond

Surface

Transporation

Corporation,

Revenue

Bonds,

NTE

Mobility

Partners

LLC

North

Tarrant

Express

Managed

Lanes

Project,

Refunding

Senior

Lien

Series

2019A

4

.000

%

12/31/38

$

3,807,136

10,000,000

Texas

Private

Activity

Bond

Surface

Transporation

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

3

LLC

Segments

3C

Project,

Series

2019,

(AMT)

5

.000

06/30/58

9,701,370

1,700,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4

.000

12/31/32

1,723,534

2,800,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4

.000

06/30/33

2,828,223

1,600,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4

.000

06/30/35

1,591,391

10,560,000

Texas

State

Transportation

Commission,

General

Obligation

Bonds,

Mobility

Fund

Refunding

Series

2025

5

.000

10/01/36

12,000,371

5,790,000

Texas

State,

General

Obligation

Bonds,

College

Student

Loan

Series

2023A,

(AMT)

5

.000

08/01/36

6,251,147

6,665,000

Texas

State,

General

Obligation

Bonds,

Texas

Transportation

Commission,

Mobility

Fund

Refunding

Series

2024

5

.000

10/01/32

7,447,914

10,400,000

Texas

State,

General

Obligation

Bonds,

Transportation

Commission

Highway

Improvement,

Series

2016A

5

.000

04/01/35

10,415,757

12,000,000

Texas

Transportation

Commission,

Central

Texas

Turnpike

System

Revenue

Bonds,

Refunding

Second

Tier

Series

2024C

5

.000

08/15/38

13,130,221

6,115,000

Texas

Transportation

Commission,

General

Obligation

Bonds,

Highway

Improvement

Refunding

Series

2024

5

.000

04/01/26

6,115,000

5,590,000

Texas

Transportation

Commission,

General

Obligation

Bonds,

Highway

Improvement

Refunding

Series

2024

5

.000

04/01/28

5,863,495

5,000,000

Texas

Transportation

Commission,

Highway

Fund

Revenue

Bonds,

Refunding

First

Tier

Series

2024

5

.000

10/01/32

5,618,732

1,125,000

Texas

Transportation

Commission,

State

Highway

249

System

Revenue

Bonds,

First

Tier

Toll

Series

2019A

0

.000

08/01/35

758,063

1,605,000

Texas

Transportation

Commission,

State

Highway

249

System

Revenue

Bonds,

First

Tier

Toll

Series

2019A

0

.000

08/01/36

1,025,699

2,120,000

Texas

Transportation

Commission,

State

Highway

249

System

Revenue

Bonds,

First

Tier

Toll

Series

2019A

0

.000

08/01/37

1,281,119

1,100,000

Texas

Transportation

Commission,

State

Highway

249

System

Revenue

Bonds,

First

Tier

Toll

Series

2019A

0

.000

08/01/39

593,336

1,000,000

Texas

Water

Development

Board,

State

Water

Implementation

Revenue

Fund

Bonds,

Master

Trust

Series

2017A

5

.000

10/15/42

1,016,904

7,385,000

Texas

Water

Development

Board,

State

Water

Implementation

Revenue

Fund

Bonds,

Master

Trust

Series

2018A

5

.000

10/15/30

7,719,082

5,890,000

Texas

Water

Development

Board,

State

Water

Implementation

Revenue

Fund

Bonds,

Master

Trust

Series

2022

5

.000

10/15/47

6,096,649

15,315,000

Texas

Water

Development

Board,

State

Water

Implementation

Revenue

Fund

Bonds,

Master

Trust

Series

2025

5

.000

10/15/33

17,399,496

3,750,000

Travis

County,

Texas,

General

Obligation

Bonds,

Permanent

Improvement

Limited

Tax

Series

2024

5

.000

03/01/39

4,098,203

10,780,000

Travis

County,

Texas,

General

Obligation

Bonds,

Permanent

Improvement

Limited

Tax

Series

2024

5

.000

03/01/40

11,716,412

2,000,000

Williamson

County,

Texas,

General

Obligation

Bonds,

Tax

Road

Series

2025

5

.000

02/15/28

2,089,556

2,270,000

Williamson

County,

Texas,

General

Obligation

Bonds,

Tax

Road

Series

2025

5

.000

02/15/29

2,407,484

TOTAL

TEXAS

813,983,474

107

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

UTAH

-

0.6%

$

1,055,000

(c)

Black

Desert

Public

Infrastructure

District,

Utah,

Limited

Tax

General

Obligation

Bonds

Series

2021A

3

.250

%

03/01/31

$

1,005,797

1,600,000

(c)

Black

Desert

Public

Infrastructure

District,

Utah,

Limited

Tax

General

Obligation

Bonds

Series

2021A

3

.500

03/01/36

1,450,107

1,300,000

(c)

Downtown

East

Streetcar

Sewer

Public

Infrastructure

District,

South

Salt

Lake,

Salt

Lake

County,

Utah,

Limited

Tax

General

Obligation

Bonds,

Series

2022A

5

.750

03/01/42

1,300,114

1,790,000

(c)

MIDA

Military

Installation

Development

Authority

Golf

and

Equestrian

Center

Public

Infrastructure

District,

Utah,

Limited

Tax

and

Tax

Allocation

Revenue

Bonds,

Series

2021

4

.125

06/01/36

1,693,440

1,250,000

(c)

MIDA

Mountain

Village

Public

Infrastructure

District,

Utah,

Subordinate

Tax

Allocation

Revenue

Bonds,

Series

2024-2

5

.500

06/15/39

1,278,044

6,790,000

Salt

Lake

City

School

District,

Salt

Lake

County,

Utah,

General

Obligation

Bonds,

School

Bond

Guaranty

Program,

Series

2013

5

.000

03/01/38

7,651,151

3,900,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2021A,

(AMT)

5

.000

07/01/26

3,921,595

5,000,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2021A,

(AMT)

5

.000

07/01/31

5,424,530

1,405,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5

.000

07/01/30

1,507,645

9,000,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5

.000

07/01/31

9,764,155

5,000,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5

.000

07/01/33

5,494,774

2,700,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5

.000

07/01/35

2,939,221

1,145,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5

.250

07/01/36

1,263,149

1,125,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5

.250

07/01/37

1,233,388

6,420,000

Utah

Housing

Corporation,

Single

Family

Mortgage

Bonds,

Series

2024E

4

.600

07/01/44

6,383,183

TOTAL

UTAH

52,310,293

VERMONT

-

0.2%

5,000,000

University

of

Vermont

and

State

Agricultural

College,

General

Obligation

Bonds,

Series

2026A

5

.000

10/01/33

5,646,505

820,000

University

of

Vermont

and

State

Agricultural

College,

General

Obligation

Bonds,

Series

2026A

4

.000

10/01/45

778,268

2,985,000

Vermont

Economic

Development

Authority,

Mortgage

Revenue

Bonds,

Wake

Robin

Corporation

Project,

Series

2021A

4

.000

05/01/37

2,861,850

3,439,000

Vermont

Housing

Finance

Agency,

Multiple

Purpose

Bonds,

Series

2021A

2

.450

11/01/41

2,637,140

3,440,000

Vermont

Housing

Finance

Agency,

Multiple

Purpose

Bonds,

Social

Series

2024C

4

.450

11/01/44

3,405,752

TOTAL

VERMONT

15,329,515

VIRGINIA

-

1.8%

5,310,000

Amelia

County

Industrial

Development

Authority,

Virginia,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Series

2002,

(AMT)

1

.450

04/01/27

5,180,446

7,310,000

(b)

Arlington

County

Industrial

Development

Authority,

Virginia,

Hospital

Revenue

Bonds,

Virginia

Hospital

Center,

Series

2023A,

(Mandatory

Put

7/01/31)

5

.000

07/01/53

7,799,047

6,000,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

4

.000

10/01/28

6,210,637

10,550,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

5

.000

10/01/29

11,405,859

4,310,000

(b)

Federal

Home

Loan

Mortgage

Corporation,

Virginia

,National,

Multifamily

Variable

Rate

Certificates

Relating

to

Municipal

Securities

Series

2025ML-033.

4

.641

10/25/40

4,456,810

6,303,511

(b)

Federal

Home

Loan

Mortgage

Corporation,

Virginia,

Multifamily

Variable

Rate

Certificates

Relating

to

Municipal

Securities

Class

A

Green

Series

2024ML-028

4

.533

11/25/42

6,449,748

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

108

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

VIRGINIA

(continued)

$

3,825,712

(b)

Federal

Home

Loan

Mortgage

Corporation,

Virginia,

Multifamily

Variable

Rate

Certificates

Relating

to

Municipal

Securities

Series

2025ML-031

4

.603

%

06/25/42

$

3,917,692

5,000,000

(e)

Hampton

Roads

Transportation

Accountability

Commission,

Virginia,

Revenue

Bonds,

Hampton

Roads

Transportation

Fund,

Senior

Lien

Bond

Anticipation

Notes,

Series

2021A,

(ETM)

5

.000

07/01/26

5,030,088

870,000

James

City

County

Economic

Development

Authority,

Virginia,

Residential

Care

Facility

Revenue

Bonds,

Williamsburg

Landing

Inc.,

Refunding

Series

2021A

4

.000

12/01/35

850,026

1,060,000

Stafford

County

Economic

Development

Authority,

Virginia,

Hospital

Facilities

Revenue

Bonds,

Mary

Washington

Healthcare

Obligated

Group,

Refunding

Series

2016

3

.125

06/15/31

1,046,880

710,000

(c)

Virginia

College

Building

Authority,

Educational

Facilities

Revenue

Bonds,

Marymount

University

Project,

Refunding

Series

2015A

5

.000

07/01/45

539,483

2,810,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023E-3

4

.400

10/01/44

2,768,189

1,500,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023E-4

4

.450

07/01/45

1,460,411

1,710,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023E-5

4

.150

07/01/40

1,703,200

500,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023E-5

4

.500

07/01/45

496,238

2,100,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2024F-1

4

.650

07/01/40

2,153,868

1,005,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2024F-2

4

.700

07/01/40

1,035,710

1,560,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2024F-3

4

.600

07/01/40

1,596,383

7,505,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2020B

2

.200

03/01/40

5,776,954

10,010,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2023D

3

.450

08/01/28

10,012,033

2,600,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2024H

3

.625

06/01/29

2,601,491

1,350,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2025A

4

.100

09/01/40

1,314,202

3,925,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2025A

4

.450

09/01/45

3,872,789

12,875,000

Virginia

Small

Business

Financing

Authority,

Private

Activity

Revenue

Bonds,

Transform

66

P3

Project,

Senior

Lien

Series

2017,

(AMT)

5

.000

12/31/49

12,385,529

10,185,000

Virginia

Small

Business

Financing

Authority,

Private

Activity

Revenue

Bonds,

Transform

66

P3

Project,

Senior

Lien

Series

2017,

(AMT)

5

.000

12/31/56

9,691,623

5,480,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

95

Express

Lanes

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

5

.000

07/01/32

5,871,906

4,000,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

95

Express

Lanes

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

5

.000

01/01/34

4,237,074

4,890,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

95

Express

Lanes

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

5

.000

07/01/36

5,108,466

3,330,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

95

Express

Lanes

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

5

.000

07/01/37

3,466,244

4,540,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

95

Express

Lanes

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

5

.000

01/01/38

4,714,750

2,000,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

95

Express

Lanes

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

5

.000

12/31/47

1,992,638

109

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

VIRGINIA

(continued)

$

3,190,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

95

Express

Lanes

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

5

.000

%

12/31/52

$

3,094,044

5,250,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

Elizabeth

River

Crossing

OPCO,

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

4

.000

01/01/31

5,315,348

5,500,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

Elizabeth

River

Crossing

OPCO,

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

4

.000

01/01/34

5,508,063

10,000,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

Elizabeth

River

Crossing

OPCO,

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

4

.000

01/01/37

9,759,461

2,565,000

(b)

Wise

County

Industrial

Development

Authority,

Virginia,

Solid

Waste

and

Sewage

Disposal

Revenue

Bonds,

Virginia

Electric

and

Power

Company,

Series

2009A,

(Mandatory

Put

10/01/30)

3

.125

10/01/40

2,549,585

TOTAL

VIRGINIA

161,372,915

WASHINGTON

-

2.9%

3,725,000

Energy

Northwest,

Washington,

Electric

Revenue

Bonds,

Columbia

Generating

Station,

Refunding

Series

2024A

5

.000

07/01/38

4,116,497

2,750,000

Energy

Northwest,

Washington,

Electric

Revenue

Bonds,

Nuclear

Project

1,

Refunding

Series

2024B

5

.000

07/01/26

2,766,896

7,915,000

King

and

Snohomish

Counties

School

District

417

Northshore,

Washington,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

12/01/34

9,061,275

9,520,000

King

County,

Washington,

General

Obligation

Bonds,

Refunding

Limited

Tax

Series

2025B

5

.000

12/01/31

10,612,825

7,980,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2017C,

(AMT)

5

.000

05/01/31

8,140,492

11,570,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2018A,

(AMT)

5

.000

05/01/31

11,802,694

5,000,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2018A,

(AMT)

5

.000

05/01/33

5,091,978

5,315,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2019,

(AMT)

5

.000

04/01/29

5,624,683

9,685,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Refunding

Intermediate

Lien

Private

Activity

Series

2022B,

(AMT)

5

.000

08/01/30

10,427,143

3,055,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Refunding

Intermediate

Lien

Series

2016

5

.000

02/01/29

3,059,104

2,740,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Refunding

Intermediate

Lien

Series

2021C,

(AMT)

5

.000

08/01/32

2,966,641

2,340,000

Skagit

County

Public

Hospital

District

1,

Washington,

Revenue

Bonds,

Skagit

Valley

Hospital,

Refunding

&

Improvement

Series

2016

5

.000

12/01/37

2,349,296

2,000,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1

5

.000

08/01/28

2,088,323

5,930,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

MultiCare

Health

System,

Series

2015A

5

.000

08/15/40

5,931,651

14,085,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Health

&

Services,

Refunding

Series

2012A

5

.000

10/01/33

14,092,766

6,115,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Series

2018B

5

.000

10/01/30

6,409,000

1,720,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Series

2018B

5

.000

10/01/31

1,799,765

6,140,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Series

2018B

5

.000

10/01/32

6,414,881

5,120,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Virginia

Mason

Medical

Center,

Series

2017

5

.000

08/15/29

5,253,931

2,250,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Virginia

Mason

Medical

Center,

Series

2017

5

.000

08/15/31

2,304,489

2,755,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Virginia

Mason

Medical

Center,

Series

2017

5

.000

08/15/34

2,812,897

6,015,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Virginia

Mason

Medical

Center,

Series

2017

5

.000

08/15/36

6,123,986

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

110

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WASHINGTON

(continued)

$

6,900,000

Washington

State

Housing

Finance

Commission,

Single

Family

Program

Bonds,

Series

2021-1N

2

.200

%

06/01/41

$

5,131,673

5,580,000

Washington

State

Housing

Finance

Commission,

Single

Family

Program

Bonds,

Series

2021-2N

2

.400

12/01/41

4,235,648

38,955,856

Washington

State

Housing

Finance

Commission,

Social

Municipal

Certificates

Multifamily

Revenue

Bonds,

Series

2021-

1

Class

A

3

.500

12/20/35

37,351,767

6,032,547

(b)

Washington

State

Housing

Finance

Commission,

Social

Municipal

Certificates

Multifamily

Revenue

Bonds,

Series

2024A-1

4

.084

03/01/50

5,814,596

7,970,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Related

Fees

Series

2026D

5

.000

06/01/32

8,931,301

5,040,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Vehicle

Related

Fees

Refunding

Series

R-2022D

4

.000

07/01/28

5,204,293

11,035,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Vehicle

Related

Fees

Refunding

Series

R-2023B

5

.000

07/01/42

11,875,744

9,590,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Vehicle

Related

Fees,

Refunding

Series

R-2024C

5

.000

08/01/27

9,905,892

2,000,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax,

Series

2019B

5

.000

06/01/39

2,065,202

5,645,000

Washington

State,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

R-2018D

5

.000

08/01/27

5,830,191

4,155,000

Washington

State,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

R-2018D

5

.000

08/01/32

4,277,845

5,090,000

Washington

State,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

R-2023A

5

.000

08/01/27

5,257,663

5,145,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025B

5

.000

07/01/28

5,426,880

6,760,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose

Series

2021A

5

.000

08/01/44

7,043,830

4,030,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose

Series

2023A

5

.000

08/01/45

4,223,528

4,975,000

Whidbey

Island

Public

Hospital

District,

Island

County,

Washington,

General

Obligation

Bonds,

Whidbey

General

Hospital,

Series

2013

5

.500

12/01/33

4,797,758

TOTAL

WASHINGTON

256,625,024

WEST

VIRGINIA

-

0.4%

475,000

Ohio

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

Fort

Henry

Economic

Opportunity

Development

District-the

Highlands

Project,

Refunding

&

Improvement

Series

2025A

5

.000

06/01/30

506,523

1,010,000

Ohio

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

Fort

Henry

Economic

Opportunity

Development

District-the

Highlands

Project,

Refunding

&

Improvement

Series

2025A

5

.000

06/01/32

1,089,701

1,665,000

(b)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Appalachian

Power

Company

-

Amos

Project,

Series

2009A,

(Mandatory

Put

6/01/28)

3

.700

12/01/42

1,692,381

5,895,000

(b)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Appalachian

Power

Company

-

Amos

Project,

Series

2009B,

(Mandatory

Put

6/01/28)

3

.700

12/01/42

5,991,943

1,675,000

(b),(c)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Core

Natural

Resources,

INC

Project,

AMT

Series

2025,

(AMT),

(Mandatory

Put

3/27/35)

5

.450

01/01/55

1,821,081

11,480,000

(b),(c)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Core

Natural

Resources,

INC

Project,

AMT

Series

2025,

(AMT),

(Mandatory

Put

5/15/32)

4

.625

04/15/55

11,681,730

3,240,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2023D

4

.300

11/01/38

3,260,592

1,710,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2024A

4

.400

11/01/44

1,684,424

111

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WEST

VIRGINIA

(continued)

$

1,945,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2024D

3

.900

%

11/01/39

$

1,893,013

2,555,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2024D

4

.300

11/01/44

2,516,480

5,435,000

West

Virginia

Parkways

Authority,

Turnpike

Toll

Revenue

Bonds,

Senior

Lien

Series

2018

5

.000

06/01/43

5,549,658

TOTAL

WEST

VIRGINIA

37,687,526

WISCONSIN

-

2.2%

6,780,000

Central

Brown

County

Water

Authority,

Wisconsin,

Water

System

Revenue

Bonds,

Refunding

Series

2024A

5

.000

11/01/33

7,617,544

2,900,000

(f)

Elkhart

Lake-Glenbeulah

School

District,

Sheboygan

County,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2026

4

.000

03/01/46

2,650,600

2,000,000

Madison

Metropolitan

School

District,

Dane

County,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2025A

5

.000

03/01/31

2,204,158

1,700,000

Madison

Metropolitan

School

District,

Dane

County,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2025A

5

.000

03/01/32

1,899,542

1,500,000

Madison

Metropolitan

School

District,

Dane

County,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2025A

5

.000

03/01/33

1,693,642

4,555,000

Middleton-Cross

Plains

Area

School

District,

Dane

County,

Wisconsin,

General

Obligation

Bonds,

Refunding

Series

2021A

2

.000

03/01/27

4,491,041

4,320,000

Milwaukee,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2024-N1

-

AGM

Insured

5

.000

04/01/30

4,626,937

1,475,000

Mukwonago

Area

School

District,

Waukesha

County,

Wisconsin,

General

Obligation

Bonds,

Promissory

Note

Series

2025

4

.250

04/01/44

1,460,383

10,035,000

Public

Finance

Authority

of

Wisconsin,

Lease

Development

Revenue

Bonds,

KU

Campus

Development

Corporation-

Central

District

Development

Project,

Series

2016

5

.000

03/01/41

10,038,450

25,400,000

(c)

Public

Finance

Authority

of

Wisconsin,

Limited

Obligation

PILOT

Revenue

Bonds,

American

Dream

Meadowlands

Project,

Series

2017

6

.500

12/01/37

19,812,000

2,755,000

(b)

Public

Finance

Authority

of

Wisconsin,

Pollution

Control

Revenue

Bonds,

Duke

Energy

Progress

Project,

Refunding

Series

2022A-2,

(Mandatory

Put

10/01/26)

3

.300

10/01/46

2,758,085

8,520,000

(b)

Public

Finance

Authority

of

Wisconsin,

Pollution

Control

Revenue

Bonds,

Duke

Energy

Progress

Project,

Refunding

Series

2022A-2,

(Mandatory

Put

10/01/30)

3

.700

10/01/46

8,615,278

7,960,000

Public

Finance

Authority

of

Wisconsin,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Refunding

Series

2016A-2

2

.875

05/01/27

7,910,865

1,820,000

(c)

Public

Finance

Authority,

Wisconsin,

Educational

Revenue

Bonds,

Lake

Norman

Charter

School,

Series

2018A

4

.000

06/15/28

1,813,165

4,170,000

Public

Finance

Authority,

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

Celanese

Project,

Refunding

Series

2016C

4

.050

11/01/30

4,134,739

6,635,000

Public

Finance

Authority,

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

Celanese

Project,

Refunding

Series

2016C

4

.300

11/01/30

6,622,692

4,700,000

Racine

Unified

School

District,

Racine

County,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2025

4

.000

04/01/44

4,564,840

1,500,000

Sheboygan

Area

School

District,

Manitowoc

and

Sheboygan

Counties,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2024

3

.000

03/01/39

1,337,703

1,525,000

Sheboygan

Area

School

District,

Manitowoc

and

Sheboygan

Counties,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2024

3

.000

03/01/40

1,331,054

6,130,000

West

Allis-West

Milwaukee,

et

al

School

District,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2025

3

.000

04/01/39

5,496,641

1,080,000

Wisconsin

Health

&

Educational

Facs

Authority,

Health

Facilities

Revenue

Bonds,

UnityPoint

Health

Project,

Series

2014A

5

.000

12/01/26

1,080,971

4,115,000

Wisconsin

Health

&

Educational

Facs

Authority,

Health

Facilities

Revenue

Bonds,

UnityPoint

Health

Project,

Series

2014A

5

.000

12/01/27

4,128,191

Portfolio

of

Investments

March

31,

2026

(continued)

Intermediate

Duration

112

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN

(continued)

$

8,205,000

(b)

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Advocate

Aurora

Health

Credit

Group,

Series

2018

B-1,

(Mandatory

Put

7/01/27)

5

.000

%

08/15/54

$

8,249,602

3,230,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

PHW

Muskego,

Inc.

Project,

Series

2021

4

.000

10/01/41

2,791,634

30,000

(b)

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Advocate

Aurora

Health

Credit

Group,

Series

2018C-1,

(Mandatory

Put

7/29/26)

5

.000

08/15/54

30,213

2,120,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Gundersen

Health

System,

Refunding

Series

2021A

4

.000

10/15/34

2,152,405

1,455,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Gundersen

Health

System,

Refunding

Series

2021A

4

.000

10/15/35

1,467,770

5,490,000

(b),(e)

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Marshfield

Clinic

Health

System,

Inc.,

Series

2020B-2,

(Pre-refunded

8/15/26),

(Mandatory

Put

2/15/27)

5

.000

02/15/51

5,540,942

1,470,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Oakwood

Lutheran

Senior

Ministries,

Series

2021

4

.000

01/01/37

1,410,430

1,950,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Saint

Camillus

Health

System

Inc,

Series

2019A

5

.000

11/01/39

1,950,486

4,440,000

Wisconsin

Housing

and

Economic

Development

Authority,

Home

Ownership

Revenue

Bonds,

Social

Series

2024C

4

.125

09/01/39

4,398,745

2,750,000

Wisconsin

Housing

and

Economic

Development

Authority,

Housing

Revenue

Bonds,

Series

2019A

3

.000

11/01/39

2,465,053

1,650,000

Wisconsin

Housing

and

Economic

Development

Authority,

Housing

Revenue

Bonds,

Series

2021C

2

.500

11/01/41

1,235,579

1,080,000

(b)

Wisconsin

Housing

and

Economic

Development

Authority,

Housing

Revenue

Bonds,

Series

2023E,

(Mandatory

Put

5/01/27)

3

.875

11/01/54

1,080,554

4,785,000

Wisconsin

State,

General

Obligation

Bonds,

Refunding

Series

2024-1

5

.000

05/01/32

5,380,087

7,000,000

Wisconsin

State,

General

Obligation

Bonds,

Refunding

Series

2025-3

5

.000

05/01/31

7,760,841

12,000,000

Wisconsin

State,

General

Obligation

Bonds,

Refunding

Series

2026-1

5

.000

05/01/32

13,492,381

12,965,000

Wisconsin

State,

General

Obligation

Bonds,

Series

2025A

5

.000

05/01/35

14,661,400

9,905,000

Wisconsin

State,

General

Obligation

Bonds,

Series

2025B

5

.000

05/01/33

11,228,025

TOTAL

WISCONSIN

191,584,668

WYOMING

-

0.9%

16,475,000

Campbell

County,

Wyoming

Solid

Waste

Facilities

Revenue

Bonds,

Basin

Electric

Power

Cooperative,

Dry

Fork

Station

Facilities,

Series

2019A

3

.625

07/15/39

15,325,006

960,000

Casper

Community

College

District,

Natrona

County,

Wyoming,

Revenue

Bonds,

Refunding

Series

2021

4

.000

04/15/37

969,107

1,000,000

Casper

Community

College

District,

Natrona

County,

Wyoming,

Revenue

Bonds,

Refunding

Series

2021

4

.000

04/15/38

1,005,269

800,000

Consolidated

Wyoming

Municipalities

Electric

Power

System

Joint

Powers

Board,

Wyoming,

Electric

Facilities

Improvement

Lease

Revenue

Bonds,

Gillette

Electrical

System

Project,

Refunding

Series

2022

5

.000

06/01/33

881,343

1,415,000

Consolidated

Wyoming

Municipalities

Electric

Power

System

Joint

Powers

Board,

Wyoming,

Electric

Facilities

Improvement

Lease

Revenue

Bonds,

Gillette

Electrical

System

Project,

Refunding

Series

2022

5

.000

06/01/34

1,549,443

8,755,000

Sweetwater

County

2023

Specific

Purpose

Joint

Powers

Board,

Wyoming,

Sales

and

Use

Excise

Tax

Revenue

Bonds,

Series

2023

5

.000

06/15/27

8,993,223

28,275,000

Sweetwater

County,

Wyoming,

Pollution

Control

Revenue

Refunding

Bonds,

Idaho

Power

Company

Project,

Series

2006

1

.700

07/15/26

28,114,330

113

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WYOMING

(continued)

$

2,145,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2015

Series

6

3

.900

%

12/01/34

$

2,145,025

6,500,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2019

Series

3

2

.650

12/01/39

5,436,884

3,250,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2020

Series

1

3

.000

12/01/40

2,762,144

6,675,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2020

Series

2

2

.250

12/01/40

5,139,585

6,000,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2021

Series

3

2

.250

12/01/41

4,475,661

2,700,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2023

Series

1

4

.200

12/01/38

2,707,708

TOTAL

WYOMING

79,504,728

TOTAL

MUNICIPAL

BONDS

(Cost

$8,838,885,435)

8,571,322,715

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

155330

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

-

0

.0

%

155330

HEALTH

CARE

EQUIPMENT

&

SERVICES

-

0.0%

812,771

(d),(h)

Jackson

Hospital

13

.000

04/30/26

65,022

1,128,848

(d),(h)

Jackson

Hospital,

Inc.

and

Jackson

Hospital

Financing,

LLC

13

.000

04/30/26

90,308

TOTAL

HEALTH

CARE

EQUIPMENT

&

SERVICES

155,330

TOTAL

VARIABLE

RATE

SENIOR

LOAN

INTERESTS

(Cost

$1,938,084)

155,330

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$8,898,342,557)

8,625,848,797

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 0.1%

12,398,674

MUNICIPAL

BONDS

-

0

.1

%

12,398,674

FLORIDA

-

0.1%

12,400,000

City

of

Jacksonville

FL

2

.360

05/06/26

12,398,674

TOTAL

FLORIDA

12,398,674

TOTAL

MUNICIPAL

BONDS

(Cost

$12,400,000)

12,398,674

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$12,400,000)

12,398,674

TOTAL

INVESTMENTS

-

98

.6

%

(Cost

$

8,910,742,557

)

8,638,247,471

OTHER

ASSETS

&

LIABILITIES,

NET

-  1.4%

119,893,506

NET

ASSETS

-

100%

$

8,758,140,977

AMT

Alternative

Minimum

Tax

ETF

Exchange-Traded

Fund

ETM

Escrowed

to

maturity

(a)

Affiliated

holding

(b)

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

when

applicable.  For

mortgage-backed

or

asset-backed

securities

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(c)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

fiscal

period,

the

aggregate

value

of

these

securities

is

$368,939,498

or

4.3%

of

Total

Investments.

(d)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

(e)

Backed

by

an

escrow

or

trust

containing

sufficient

U.S.

Government

or

U.S.

Government

agency

securities,

which

ensure

the

timely

payment

of

principal

and

interest.

(f)

When-issued

or

delayed

delivery

security.

(g)

Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

fiscal

period.

(h)

For

fair

value

measurement

disclosure

purposes,

investment

classified

as

Level

3.

114

Portfolio

of

Investments

March

31,

2026

Limited

Term

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

96.5%

4444068019

MUNICIPAL

BONDS

-

96.5%

4444068019

ALABAMA

-

2.0%

$

975,000

Alabama

Housing

Finance

Authority,

Collateralized

Single

Family

Mortgage

Revenue

Bonds,

Series

2024C

4.100

%

10/01/39

$

963,690

7,970,000

Alabama

Public

School

and

College

Authority,

Capital

Improvement

Pool

Revenue

Bonds,

Refunding

Series

2020A

5.000

11/01/27

8,271,335

2,410,000

(a)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

PrePay

Revenue

Bonds,

Project

8

Series

2022A,

(Mandatory

Put

12/01/29)

4.000

12/01/52

2,423,862

5,000,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Prepay

BP

PLC,

Series

2024D

5.000

11/01/28

5,177,832

2,500,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Prepay

BP

PLC,

Series

2024D

5.000

11/01/29

2,609,946

5,800,000

(a)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2023C,

(Mandatory

Put

6/01/32)

5.500

10/01/54

6,260,668

2,500,000

(a)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2024A,

(Mandatory

Put

9/01/32)

5.250

05/01/55

2,571,309

2,665,000

(a)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2024B,

(Mandatory

Put

9/01/32)

5.000

10/01/55

2,813,086

3,000,000

(a)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2024C,

(Mandatory

Put

7/01/31)

5.000

05/01/55

3,183,350

5,000,000

(a)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025A,

(Mandatory

Put

5/01/32)

5.250

05/01/56

5,093,105

1,100,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025D

5.000

08/01/29

1,152,144

4,250,000

(a)

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025D,

(Mandatory

Put

8/01/35)

5.000

12/01/55

4,500,403

4,000,000

Energy

Southeast

Cooperative

District,

Alabama,

Energy

Supply

Revenue

Bonds,

Series

2025B

5.000

09/01/33

4,071,714

2,480,000

Lower

Alabama

Gas

District

Gas

Project

Revenue

Refunding

Bonds,

Equitable

Financial

Life

Insurance

Company

of

America,

Series

2025A

5.000

12/01/33

2,576,986

5,030,000

(a)

Mobile

Industrial

Development

Board,

Alabama,

Pollution

Control

Revenue

Refunding

Bonds,

Alabama

Power

Company

Barry

Plan,

Series

2007A,

(Mandatory

Put

6/26/29)

3.375

06/01/34

5,079,357

1,030,000

(a)

Selma

Industrial

Development

Board,

Alabama,

Gulf

Opportunity

Zone

Revenue

Bonds,

International

Paper

Company

Project,

Refunding

Series

2019A,

(Mandatory

Put

10/01/31)

3.450

11/01/33

1,022,807

4,000,000

(a)

Southeast

Alabama

Gas

Supply

District,

Alabama,

Gas

Supply

Revenue

Bonds,

Project

2,

Refunding

Series

2024B,

(Mandatory

Put

5/01/32)

5.000

06/01/49

4,212,994

10,750,000

Southeast

Energy

Authority,

Alabama,

A

Cooperative

District

Energy

Supply

Revenue

Bonds

Series

2024A

5.000

11/01/35

10,988,771

9,000,000

(a)

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

2,

Series

2021B-1,

(Mandatory

Put

12/01/31)

4.000

12/01/51

9,049,242

5,800,000

(a)

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

4,

Series

2022B-1,

(Mandatory

Put

8/01/28)

5.000

05/01/53

6,010,197

2,190,000

Southeast

Energy

Authority,

Alabama,

Energy

Supply

Revenue

Bonds,

Cooperative

District

Series

2025E

5.000

10/01/30

2,324,770

1,000,000

(a)

Southeast

Energy

Authority,

Alabama,

Revenue

Bonds

Cooperative

District

Energy

Supply

Series

2024C,

(Mandatory

Put

11/01/32)

5.000

10/01/55

1,064,568

685,000

Southeast

Energy

Authority,

Alabama,

Revenue

Bonds,

A

Cooperative

District

Energy

Supply

Series

2025D

5.000

09/01/30

726,037

TOTAL

ALABAMA

92,148,173

115

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ALASKA

-

1.3%

$

1,020,000

Alaska

Housing

Finance

Corporation,

Collateralized

Mortgage

Bonds,

Veterans

Mortgage

Program,

2024

First

Series

3.850

%

06/01/34

$

1,019,167

1,040,000

Alaska

Housing

Finance

Corporation,

Collateralized

Mortgage

Bonds,

Veterans

Mortgage

Program,

2024

First

Series

3.850

12/01/34

1,036,475

12,390,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

General

Series

2020A-II

2.000

12/01/35

10,189,956

23,000,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

General

Series

2020B-II

2.000

12/01/35

18,915,980

3,560,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

General

Series

2022A-II

2.150

12/01/36

2,853,644

8,110,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

Series

2022B-1

2.150

06/01/36

6,593,395

720,000

Alaska

Housing

Finance

Corporation,

Mortgage

Revenue

Bonds,

Series

2025A-II

6.000

12/01/56

797,908

5,145,000

Alaska

Industrial

Development

and

Export

Authority,

Revenue

Bonds,

Greater

Fairbanks

Community

Hospital

Foundation

Project,

Refunding

Series

2019

5.000

04/01/27

5,251,638

5,575,000

Alaska

Industrial

Development

and

Export

Authority,

Revenue

Bonds,

Greater

Fairbanks

Community

Hospital

Foundation

Project,

Refunding

Series

2019

5.000

04/01/29

5,908,062

165,000

Alaska

Municipal

Bond

Bank,

General

Obligation

Bonds,

Three

Series

2015

5.250

10/01/36

165,260

1,035,000

Alaska

State,

General

Obligation

Bonds,

Refunding

Series

2024B

5.000

08/01/28

1,092,206

1,850,000

North

Slope

Borough,

Alaska,

General

Obligation

Bonds,

General

Purpose

Series

2023A

5.000

06/30/26

1,861,193

1,570,000

North

Slope

Borough,

Alaska,

General

Obligation

Bonds,

General

Purpose

Series

2024A

5.000

06/30/28

1,652,388

2,000,000

North

Slope

Borough,

Alaska,

General

Obligation

Bonds,

Series

2024A

5.000

06/30/30

2,178,411

1,775,000

Northern

Tobacco

Securitization

Corporation,

Alaska,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A

Class

1

5.000

06/01/28

1,848,516

TOTAL

ALASKA

61,364,199

ARIZONA

-

1.5%

5,000,000

Arizona

Board

of

Regents,

Arizona

State

University

System

Revenue

Bonds,

Series

2025A

5.000

07/01/29

5,364,354

5,055,000

(b)

Arizona

State,

Certificates

of

Participation,

Refunding

Series

2019A,

(ETM)

5.000

10/01/27

5,240,305

6,760,000

(a)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2007,

(AMT),

(Mandatory

Put

6/15/28)

4.100

12/01/37

6,838,554

1,520,000

(a)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2019,

(AMT),

(Mandatory

Put

6/01/29)

4.000

06/01/49

1,539,870

9,510,000

(a)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2022-2,

(AMT),

(Mandatory

Put

9/01/27)

5.000

09/01/52

9,662,271

3,790,000

Chandler,

Arizona,

Excise

Tax

Revenue

Bonds,

Series

2026

5.000

07/01/27

3,908,657

3,600,000

Chandler,

Arizona,

General

Obligation

Bonds,

Series

2017

2.300

07/01/28

3,528,206

5,000,000

(a)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Banner

Health,

Series

2023A-1,

(Mandatory

Put

5/15/26)

5.000

01/01/53

5,011,157

4,530,000

(a)

Maricopa

County

Pollution

Control

Corporation,

Arizona,

Pollution

Control

Revenue

Bonds,

Public

Service

Company

of

New

Mexico

Palo

Verde

Project,

Refunding

Series

2010A,

(Mandatory

Put

10/01/26)

0.875

06/01/43

4,480,316

2,150,000

(a)

Maricopa

County

Pollution

Control

Corporation,

Arizona,

Pollution

Control

Revenue

Bonds,

Public

Service

Company

of

New

Mexico

Palo

Verde

Project,

Refunding

Series

2010B,

(Mandatory

Put

10/01/26)

0.875

06/01/43

2,126,419

3,000,000

Maricopa

County

Unified

School

District

69

Paradise

Valley,

Arizona,

General

Obligation

Bonds,

School

Improvement

Project

of

2023

Series

2025B

5.000

07/01/30

3,281,649

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

116

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ARIZONA

(continued)

$

6,350,000

Phoenix

Civic

Improvement

Corporation,

Arizona,

Airport

Revenue

Bonds,

Junior

Lien

Series

2019B,

(AMT)

5.000

%

07/01/36

$

6,594,678

615,000

Pinal

County,

Arizona,

Pledged

Revenue

Obligations,

Refunding

Series

2025

-

BAM

Insured

5.000

08/01/28

648,562

1,225,000

Pinal

County,

Arizona,

Pledged

Revenue

Obligations,

Refunding

Series

2025

-

BAM

Insured

5.000

08/01/29

1,317,033

2,000,000

Tempe,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

07/01/28

2,107,775

1,000,000

Tempe,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

07/01/29

1,075,134

3,515,000

Tempe,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

07/01/30

3,844,999

3,715,000

Yavapai

County

Industrial

Development

Authority,

Arizona,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Series

2002,

(AMT)

1.300

06/01/27

3,603,559

TOTAL

ARIZONA

70,173,498

ARKANSAS

-

0.3%

6,285,000

Fayetteville,

Arkansas,

Sales

and

Use

Tax

Revenue

Bonds,

Capital

Improvement

Series

2022

2.875

11/01/32

6,240,909

2,560,000

Rogers

School

District

30,

Benton

County,

Arkansas,

General

Obligation

Bonds,

Refunding

Series

2019

3.000

02/01/27

2,560,566

3,915,000

Rogers

School

District

30,

Benton

County,

Arkansas,

General

Obligation

Bonds,

Refunding

Series

2019

3.000

02/01/29

3,915,977

TOTAL

ARKANSAS

12,717,452

CALIFORNIA

-

3.1%

2,375,000

Brea

Olinda

Unified

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Election

1999

Series

2003A

-

NPFG

Insured

0.000

08/01/26

2,355,142

2,540,000

Brea

Olinda

Unified

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Election

1999

Series

2003A

-

NPFG

Insured

0.000

08/01/27

2,452,328

2,710,000

Brea

Olinda

Unified

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Election

1999

Series

2003A

-

NPFG

Insured

0.000

08/01/28

2,542,748

2,000,000

(a)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2023F,

(Mandatory

Put

11/01/30)

5.500

10/01/54

2,175,985

2,575,000

(a)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024B,

(Mandatory

Put

12/01/32)

5.000

01/01/55

2,630,633

4,500,000

(a)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024D,

(Mandatory

Put

9/01/32)

5.000

02/01/55

4,822,286

2,900,000

(a)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024H,

(Mandatory

Put

8/01/33)

5.000

01/01/56

3,139,818

600,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025C

5.000

10/01/28

620,467

1,250,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025C

5.000

10/01/29

1,300,311

4,640,000

(a)

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025D,

(Mandatory

Put

7/01/34)

5.000

10/01/55

4,686,936

2,030,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

5.000

06/01/27

2,076,594

2,915,000

California

County

Tobacco

Securitization

Agency,

Tobacco

Settlement

Asset-Backed

Bonds,

Los

Angeles

County

Securitization

Corporation,

Series

2020A

5.000

06/01/28

3,035,053

19,790,000

California

Municipal

Finance

Authority,

Revenue

Bonds,

Linxs

APM

Project,

Senior

Lien

Series

2018A

-

AGM

Insured,

(AMT)

3.000

12/31/30

19,002,053

1,500,000

California

Municipal

Finance

Authority,

Reveue

Bonds,

Community

Medical

Centers,

Series

2017A

5.000

02/01/27

1,520,345

117

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

940,000

(a)

California

Municipal

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.

Project,

Series

2026A,

(AMT),

(Mandatory

Put

6/15/26)

2.800

%

03/01/56

$

939,364

9,415,000

(a)

California

Municipal

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.

Project,

Series

2019A,

(AMT),

(Mandatory

Put

10/01/29)

2.400

10/01/44

9,134,641

6,495,000

(a),(c)

California

Pollution

Control

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.,

Refunding

Series

2023,

(AMT),

(Mandatory

Put

8/17/26)

2.875

07/01/43

6,486,550

6,840,000

California

Pollution

Control

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Refunding

Series

2015A-2,

(AMT)

3.625

07/01/27

6,841,153

10,000,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025

5.000

08/01/28

10,566,699

2,000,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Series

2024

5.000

08/01/31

2,224,553

4,590,000

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2014A

5.250

12/01/29

4,595,462

1,000,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2016A

5.000

12/01/27

1,002,914

1,070,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2018A

5.000

12/01/26

1,079,545

350,000

(c)

California

Statewide

Communities

Development

Authority,

California,

Revenue

Bonds,

Loma

Linda

University

Medical

Center,

Series

2018A

5.000

12/01/27

360,193

2,815,000

(a)

Central

Valley

Energy

Authority,

California,

Commodity

Supply

Revenue

Bonds,

Series

2025,

(Mandatory

Put

8/01/35)

5.000

12/01/55

3,031,472

8,625,000

Federal

Home

Loan

Mortgage

Corporation,

California,

Multifamily

Variable

Rate

Certificates

Relating

to

Municipal

Securities

Class

A

Series

2019M-057

2.400

10/15/29

8,231,153

2,045,000

Lemon

Grove

School

District,

San

Diego

County,

California,

General

Obligation

Bonds,

Election

1998

Series

2002C

0.000

08/01/27

1,972,596

1,500,000

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Refunding

&

Subordinate

Green

Series

2023A,

(AMT)

5.000

05/15/26

1,504,271

2,250,000

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Refunding

&

Subordinate

Green

Series

2023A,

(AMT)

5.000

05/15/27

2,306,367

2,000,000

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Refunding

&

Subordinate

Green

Series

2023A,

(AMT)

5.000

05/15/28

2,089,415

2,870,000

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Refunding

&

Subordinate

Green

Series

2023A,

(AMT)

5.000

05/15/29

3,047,259

3,565,000

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Subordinate

Lien

Series

2021D,

(AMT)

5.000

05/15/30

3,841,122

1,860,000

Oxnard

School

District,

Ventura

County,

California,

General

Obligation

Bonds,

Bond

Anticipation

Notes

Series

2026

0.000

02/01/31

1,572,881

2,780,000

(a)

Sacramento

Municipal

Utility

District,

California,

Electric

Revenue

Bonds,

Refunding

Series

2023D,

(Mandatory

Put

10/15/30)

5.000

08/15/49

3,054,184

2,000,000

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

International

Senior

Series

2023B,

(AMT)

5.000

07/01/28

2,096,570

2,000,000

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

International

Senior

Series

2023B,

(AMT)

5.000

07/01/29

2,131,588

2,750,000

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

Senior

Series

2025B,

(AMT)

5.000

07/01/30

2,970,234

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

118

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

CALIFORNIA

(continued)

$

4,370,000

San

Francisco

Airports

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Refunding

Second

Series

2019A,

(AMT)

5.000

%

05/01/36

$

4,544,233

3,475,000

San

Francisco

Airports

Commission,

California,

Revenue

Bonds,

San

Francisco

International

Airport,

Refunding

Second

Series

2019H,

(AMT)

5.000

05/01/28

3,631,352

TOTAL

CALIFORNIA

141,616,470

COLORADO

-

2.3%

2,980,000

Boulder

Larimer

&

Weld

Counties

School

District

RE-1J

Saint

Vrain

Valley,

Colorado,

General

Obligation

Bonds,

Series

2024

5.000

12/15/29

3,235,745

1,000,000

Broomfield

City

and

County,

Colorado,

Sewer

Activity

Enterprise

Revenue

Bonds,

Refunding

Series

2026

5.000

12/01/28

1,062,744

1,000,000

Broomfield

City

and

County,

Colorado,

Sewer

Activity

Enterprise

Revenue

Bonds,

Refunding

Series

2026

5.000

12/01/29

1,082,880

1,000,000

Broomfield,

Colorado,

Water

Activity

Enterprise

Water

Revenue

Bonds,

Series

2026

5.000

12/01/29

1,082,880

5,330,000

Cherry

Creek

School

District

5,  Arapahoe

County,

Colorado,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

12/15/30

5,871,297

700,000

(a)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

AdventHealth

Obligated

Group,

Series

2024A,

(Mandatory

Put

11/15/29)

5.000

11/15/59

749,410

18,555,000

(a)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019B-2,

(Mandatory

Put

8/01/26)

5.000

08/01/49

18,573,922

1,010,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2022A

5.000

11/01/26

1,022,896

13,000,000

(a)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Intermountain

Healthcare,

Series

2022C,

(Mandatory

Put

8/15/28)

5.000

05/15/62

13,671,275

11,850,000

Colorado

Housing

and

Finance

Authority,

Multi

Family

Project

Bonds,

Class

I

Series

2025C-2

3.350

07/01/28

11,867,543

630,000

Colorado

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Class

I

Series

2021E

1.950

11/01/36

502,307

2,500,000

Colorado

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Class

I

Series

2021H

1.800

11/01/36

1,957,836

3,390,000

Colorado

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Class

I

Series

2024A-1

6.000

11/01/55

3,752,273

1,610,000

Colorado

State

Education

Loan

Program,

Tax

and

Revenue

Anticipation

Notes,

Series

2025A

5.000

06/30/26

1,619,637

13,165,000

Colorado

State

Education

Loan

Program,

Tax

and

Revenue

Anticipation

Notes,

Series

2025B

5.000

06/30/26

13,245,491

257,000

Cornerstar

Metropolitan

District,

Arapahoe

County,

Colorado,

General

Obligation

Bonds,

Limited

Tax

Convertible

to

Unlimited

Tax,

Refunding

Series

2017A

4.500

12/01/27

257,014

4,925,309

Dawson

Trails

Metropolitan

District

1,

Colorado,

In

The

Town

of

Castle

Rock,

Limited

Tax

General

Obligation

Capital

Appreciation

Turbo

Bonds,

Series

2024

0.000

12/01/31

3,214,936

6,440,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Series

2022A,

(AMT)

5.000

11/15/26

6,527,582

5,600,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Series

2022A,

(AMT)

5.000

11/15/27

5,794,058

4,170,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2018A,

(AMT)

5.000

12/01/26

4,225,966

1,290,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2023B,

(AMT)

5.000

11/15/26

1,306,182

738,000

Gardens

on

Havana

Metropolitan

District

3,

Arapahoe

County,

Colorado,

Special

Revenue

Bonds,

Refunding

Series

2017A

4.625

12/01/27

738,109

1,635,000

Garfield,

Eagle

and

Pitkin

Counties

School

District

RE-1,

Roaring

Fork,

Colorado,

General

Obligation

Bonds,

Refunding

Series

2007

0.000

12/15/26

1,604,604

425,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5.000

07/15/26

427,066

119

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

1,425,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5.000

%

01/15/27

$

1,443,866

625,000

Regional

Transportation

District,

Colorado,

Private

Activity

Bonds,

Denver

Transit

Partners

Eagle

P3

Project,

Series

2020A

5.000

07/15/27

637,557

805,000

Transport

Metropolitan

District

3,

In

the

City

of

Aurora,

Adams

County,

Colorado,

General

Obligation

Limited

Bonds,

Series

2021A-1

4.125

12/01/31

746,928

TOTAL

COLORADO

106,222,004

CONNECTICUT

-

1.9%

6,815,000

(a)

Connecticut

Health

and

Educational

Facilities

Authority,

Chefa

Revenue

Bonds,

Yale

University,

Remarketing

Series

2017B-2,

(Mandatory

Put

7/01/26)

3.200

07/01/37

6,825,046

4,490,000

(a)

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Yale-New

Haven

Health

Issue,

Series

2024B,

(Mandatory

Put

7/01/29)

5.000

07/01/49

4,779,453

1,955,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2018D-1

3.750

11/15/33

1,964,186

5,000,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2019F-1

2.600

11/15/34

4,446,133

3,525,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020A-1

2.300

11/15/35

2,933,043

4,350,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020C-1

1.950

11/15/35

3,579,024

1,190,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2020C-2,

(AMT)

2.200

11/15/34

989,964

3,425,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2021A-1

1.700

05/15/34

2,807,843

4,075,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Series

2021B-1

2.000

11/15/36

3,240,764

12,115,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2021D-1

2.000

11/15/36

9,634,811

2,835,000

(a)

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2025B-2,

(Mandatory

Put

5/15/28)

3.300

05/15/60

2,846,204

12,000,000

Connecticut

State,

General

Obligation

Bonds,

Refunding

Series

2025D

5.000

08/15/29

12,934,674

1,520,000

Connecticut

State,

General

Obligation

Bonds,

Series

2022E

5.000

11/15/26

1,543,510

2,600,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2024B

5.000

07/01/28

2,743,032

1,955,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2024B

5.000

07/01/29

2,102,521

5,000,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Series

2025A

5.000

07/01/29

5,377,291

8,000,000

Danbury,

Connecticut,

General

Obligation

Bonds,

Anticipation

Notes

Series

2026

4.000

02/22/27

8,110,948

5,000,000

Greenwich,

Connecticut,

General

Obligation

Bonds,

Bond

Anticipation

Notes,

Series

2026

4.000

02/04/27

5,067,879

3,455,000

University

of

Connecticut,

General

Obligation

Bonds,

Series

2017A

5.000

01/15/36

3,506,722

TOTAL

CONNECTICUT

85,433,048

DELAWARE

-

0.1%

2,735,000

Delaware

Economic

Development

Authority,

Gas

Facilities

Revenue

Bonds,

Delmarva

Power

&

Light

Company

Project,

Refunding

Series

2020A

3.600

01/01/31

2,804,529

1,600,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2024D

4.000

07/01/39

1,575,454

1,325,000

Wilmington,

Delaware,

General

Obligation

Bonds,

Series

2025

5.000

01/01/29

1,409,766

180,000

Wilmington,

Delaware,

General

Obligation

Bonds,

Series

2025

5.000

01/01/30

194,933

TOTAL

DELAWARE

5,984,682

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

120

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

DISTRICT

OF

COLUMBIA

-

1.6%

$

6,750,000

District

of

Columbia,

General

Obligation

Bonds,

Refunding

Series

2024B

5.000

%

08/01/31

$

7,476,049

10,000,000

District

of

Columbia,

General

Obligation

Bonds,

Refunding

Series

2024C

5.000

12/01/30

10,986,241

4,050,000

District

of

Columbia,

General

Obligation

Bonds,

Series

2026A

5.000

06/01/29

4,347,580

3,700,000

District

of

Columbia,

Income

Tax

Secured

Revenue

Bonds,

Refunding

Series

2023C

5.000

10/01/32

4,153,931

3,500,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Forward

Delivery

Refunding

Series

2020A,

(AMT)

5.000

10/01/32

3,752,312

5,000,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Forward

Delivery

Series

2020A,

(AMT)

5.000

10/01/31

5,377,889

5,000,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2016A,

(AMT)

5.000

10/01/32

5,042,692

5,295,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2017,

(AMT)

5.000

10/01/30

5,440,586

8,200,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2021A,

(AMT)

5.000

10/01/27

8,457,708

3,000,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2022A,

(AMT)

5.000

10/01/28

3,148,523

6,540,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2023A,

(AMT)

5.000

10/01/33

7,138,619

3,880,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5.000

10/01/27

4,001,940

6,205,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5.000

10/01/28

6,512,194

TOTAL

DISTRICT

OF

COLUMBIA

75,836,264

FLORIDA

-

4.0%

4,185,000

Broward

County,

Florida,

Airport

System

Revenue

Bonds,

Series

2015A,

(AMT)

5.000

10/01/27

4,191,581

2,000,000

Broward

County,

Florida,

Airport

System

Revenue

Bonds,

Series

2017,

(AMT)

5.000

10/01/34

2,040,603

500,000

(a),(c)

Florida

Development

Finance

Corporation,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

GFL

Solid

Waste

Southeast

LLC

Project

Series

2024A,

(AMT),

(Mandatory

Put

10/01/31)

4.375

10/01/54

502,587

2,360,000

(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT),

(Mandatory

Put

7/15/28)

12.000

07/15/32

489,393

5,055,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

5.000

07/01/34

3,765,975

4,765,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

5.000

07/01/35

3,549,925

17,415,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

5.000

07/01/36

12,974,175

5,215,000

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Brightline

Trains

Florida

LLC

Issue,

Series

2024,

(AMT)

5.000

07/01/37

3,885,175

18,065,000

(a),(c)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2025B,

(AMT),

(Mandatory

Put

6/15/26)

1.000

07/01/57

12,464,850

1,325,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2018-2

3.750

07/01/33

1,319,726

6,925,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2019-1

2.800

07/01/34

6,291,719

1,575,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2024-5

3.950

07/01/39

1,549,184

1,785,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2026-1

6.000

01/01/57

2,001,728

121

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

2,310,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

2021-1

1.800

%

07/01/36

$

1,827,800

2,825,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

2021-2

1.800

07/01/36

2,235,296

15,910,000

Florida

Municipal

Power

Agency,

Power

Supply

Revenue

Bonds,

All

Requirements

Project,

Series

2025A

5.000

10/01/29

17,112,231

7,870,000

Florida

Municipal

Power

Agency,

Power

Supply

Revenue

Bonds,

All

Requirements

Project,

Series

2025A

5.000

10/01/30

8,590,420

1,800,000

Florida

State

Board

of

Education,

Public

Education

Capital

Outlay

Bonds,

Refunding

Series

2017B

4.000

06/01/32

1,820,029

2,375,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5.000

07/01/29

2,554,983

4,595,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5.000

07/01/30

5,026,392

5,065,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5.000

07/01/32

5,684,054

4,060,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2026A

5.000

07/01/28

4,277,870

22,060,000

Greater

Orlando

Aviation

Authority,

Florida,

Airport

Facilities

Revenue

Bonds,

Series

2019A,

(AMT)

5.000

10/01/27

22,736,880

2,610,000

Hillsborough

County

Aviation

Authority,

Florida,

Revenue

Bonds,

Tampa

International

Airport,

Alternative

Minimum

Tax

Refunding

Subordinate

Lien

Series

2022A,

(AMT)

5.000

10/01/26

2,637,370

9,030,000

Lee

County,

Florida,

Airport

Revenue

Bonds,

Refunding

Series

2021A,

(AMT)

5.000

10/01/30

9,718,073

2,000,000

(d)

Manatee

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2026A

5.000

07/01/30

2,168,802

2,230,000

(d)

Manatee

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2026A

5.000

07/01/31

2,448,175

2,485,000

Manatee

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2017

-

AGM

Insured

5.000

10/01/26

2,515,274

2,200,000

Manatee

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2017

-

AGM

Insured

5.000

10/01/27

2,241,394

3,120,000

Manatee

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2017

-

AGM

Insured

5.000

10/01/28

3,177,875

2,715,000

Manatee

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2017

-

AGM

Insured

5.000

10/01/29

2,761,864

4,505,000

(a)

Miami-Dade

County

Industrial

Development

Authority,

Florida,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc

Project,

Series

2018B,

(AMT),

(Mandatory

Put

7/01/26)

4.000

11/01/48

4,508,082

4,100,000

Miami-Dade

County,

Florida,

Aviation

Revenue

Bonds,

Refunding

Series

2024A,

(AMT)

5.000

10/01/28

4,302,981

2,240,000

Orlando,

Florida,

Tourist

Development

Tax

Revenue

Bonds,

6th

Cent

Contract

Payments,

Refunding

Senior

Series

2017A

-

AGM

Insured

5.000

11/01/29

2,312,595

9,215,000

Orlando,

Florida,

Tourist

Development

Tax

Revenue

Bonds,

6th

Cent

Contract

Payments,

Refunding

Senior

Series

2017A

-

AGM

Insured

5.000

11/01/30

9,501,645

2,525,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5.000

10/01/28

2,668,142

2,635,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5.000

10/01/29

2,835,939

1,135,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5.000

10/01/30

1,240,906

780,000

Seminole

County,

Florida,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2025A

5.000

10/01/30

856,591

1,370,000

Seminole

County,

Florida,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2025A

5.000

10/01/31

1,526,791

TOTAL

FLORIDA

184,315,075

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

122

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

GEORGIA

-

2.2%

$

3,500,000

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Green

Series

2025B-1,

(AMT)

5.000

%

07/01/30

$

3,770,146

2,000,000

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Refunding

Series

2023G,

(AMT)

5.000

07/01/26

2,011,074

1,250,000

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Refunding

Series

2023G,

(AMT)

5.000

07/01/27

1,281,496

2,625,000

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Refunding

Series

2023G,

(AMT)

5.000

07/01/28

2,742,973

5,000,000

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Refunding

Series

2023G,

(AMT)

5.000

07/01/29

5,311,383

3,250,000

Douglas

County

School

District,

Georgia,

General

Obligation

Bonds,

Series

2025

5.000

04/01/30

3,543,515

2,925,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2020A

2.750

12/01/35

2,594,805

2,750,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2021A

2.250

12/01/36

2,222,017

1,930,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2024A

4.100

12/01/39

1,898,467

1,045,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2025C

3.900

06/01/31

1,058,024

580,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2025C

3.900

12/01/31

588,089

1,110,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2025C

3.950

06/01/32

1,132,969

450,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2025C

3.950

12/01/32

458,696

1,500,000

Georgia

Housing

and

Finance

Authority,

Single

Family

Mortgage

Bonds,

Series

2025G

6.250

12/01/55

1,673,050

5,075,000

Georgia

State,

General

Obligation

Bonds,

Series

2017A

5.000

02/01/29

5,181,024

5,190,000

Georgia

State,

General

Obligation

Bonds,

Series

2017A

5.000

02/01/31

5,294,106

1,470,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2021A,

(Mandatory

Put

9/01/27)

4.000

07/01/52

1,487,336

10,110,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022A,

(Mandatory

Put

12/01/29)

4.000

09/01/52

10,213,000

5,000,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022B,

(Mandatory

Put

6/01/29)

5.000

12/01/52

5,218,252

9,000,000

(a),(c)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2022C,

(Mandatory

Put

11/01/27)

4.000

08/01/52

8,982,108

7,150,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023B,

(Mandatory

Put

3/01/30)

5.000

07/01/53

7,499,669

3,500,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023E-1,

(Mandatory

Put

6/01/31)

5.000

12/01/53

3,706,381

3,200,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2024D,

(Mandatory

Put

4/01/31)

5.000

04/01/54

3,399,198

5,570,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2025A,

(Mandatory

Put

6/01/32)

5.000

06/01/55

5,959,875

3,000,000

(a)

Monroe

County

Development

Authority,

Georgia,

Pollution

Control

Revenue

Bonds,

Georgia

Power

Company

-

Scherer

Plant,

Series

2009-2,

(Mandatory

Put

3/06/31)

2.800

10/01/48

2,952,890

11,500,000

Richmond

County

Board

of

Education,

Georgia,

General

Obligation

Bonds,

Sales

Tax

Series

2025

5.000

10/01/29

12,424,914

TOTAL

GEORGIA

102,605,457

GUAM

-

0.0%

2,100,000

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2025G

5.000

01/01/30

2,220,305

TOTAL

GUAM

2,220,305

123

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

HAWAII

-

0.6%

$

4,835,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaiian

Electric

Company,

Inc.

and

Subsidiary

Projects,

Refunding

Series

2019

3.200

%

07/01/39

$

4,078,017

10,780,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaiian

Electric

Company,

Inc.

and

Subsidiary

Projects,

Series

2017A,

(AMT)

3.100

05/01/26

10,766,204

6,055,000

Honolulu

City

and

County,

Hawaii,

General

Obligation

Bonds,

Refunding

Series

2017D

5.000

09/01/30

6,249,974

7,660,000

Maui

County,

Hawaii,

General

Obligation

Bonds,

Series

2025

5.000

09/01/29

8,273,854

TOTAL

HAWAII

29,368,049

IDAHO

-

0.5%

2,250,000

(a)

Idaho

Health

Facilities

Authority,

Hospital

Revenue

Bonds,

CHE

Trinity

Helath

Group,

Series

2013ID,

(Mandatory

Put

5/01/26)

2.625

12/01/48

2,249,584

4,815,000

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Saint

Luke's

Health

System

Project,

Series

2018A

5.000

03/01/29

5,080,357

4,880,000

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Saint

Luke's

Health

System

Project,

Series

2018A

5.000

03/01/31

5,121,705

5,010,000

(a)

Idaho

Health

Facilities

Authority,

Revenue

Bonds,

Saint

Luke's

Health

System

Project,

Series

2025B,

(Mandatory

Put

3/01/32)

5.000

03/01/60

5,424,357

6,000,000

Idaho

State

Building

Authority,

Sales

Tax

Revenue

Education

Bonds,

School

Modernization

Facilities

Series

2024A

5.000

06/01/28

6,314,814

TOTAL

IDAHO

24,190,817

ILLINOIS

-

3.9%

780,000

Chanpaign

County

Community

Unit

School

District

4,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2020A

0.000

01/01/27

759,689

585,000

Chanpaign

County

Community

Unit

School

District

4,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2020A

0.000

01/01/28

549,390

1,185,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

5.000

01/01/27

1,201,692

3,250,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023A

-

BAM

Insured

5.000

01/01/28

3,356,985

20,000

(b)

DuPage

County

School

District

58

Downers

Grove,

Illinois,

General

Obligation

Bonds,

Limited

Tax

Capital

Appreciation

School

Series

2018,

(ETM)

0.000

12/15/26

19,624

980,000

DuPage

County

School

District

58

Downers

Grove,

Illinois,

General

Obligation

Bonds,

Limited

Tax

Capital

Appreciation

School

Series

2018

0.000

12/15/26

956,881

1,050,000

DuPage

County

School

District

58

Downers

Grove,

Illinois,

General

Obligation

Bonds,

Limited

Tax

Capital

Appreciation

School

Series

2018

0.000

12/15/27

990,249

8,130,000

Grundy,

Kendall,

and

Will

Counties

Community

Consolidated

School

District

201,

Minooka,

Illinois,

General

Obligation

Bonds,

Refunding

School

Series

2019

3.000

10/15/27

8,135,725

11,300,000

(a)

Illinois

Finance

Authority,

Midwestern

Disaster

Area

Industrial

Development

Revenue

Bonds,

Cargill,

Incorporated

Project,

Series

2012,

(Mandatory

Put

11/01/26)

1.250

11/01/38

11,143,240

1,635,000

Illinois

Finance

Authority,

Revenue

Bonds,

Advocate

Health

Care

Network,

Series

2008A-1

4.000

11/01/30

1,662,214

1,700,000

Illinois

Finance

Authority,

Revenue

Bonds,

Silver

Cross

Hospital

and

Medical

Centers,

Refunding

Series

2025A

5.000

08/15/30

1,823,214

3,000,000

(b)

Illinois

Finance

Authority,

Revenue

Bonds,

Swedish

Covenant

Hospital,

Series

2016A,

(ETM)

5.000

08/15/26

3,026,714

1,055,000

(a)

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago

Medicine,

Series

2022A,

(Mandatory

Put

8/15/27)

5.000

08/15/52

1,078,601

4,000,000

(a)

Illinois

Finance

Authority,

Revenue

Bonds,

University

of

Chicago

Medicine,

Series

2025A-1,

(Mandatory

Put

8/15/30)

5.000

08/15/54

4,308,040

3,100,000

(a),(c)

Illinois

Finance

Authority,

Surface

Freight

Transfer

Facilities

Revenue

Bonds,

CenterPoint

Joliet

Terminal

Railroad

Project,

Series

2017,

(AMT),

(Mandatory

Put

7/02/35)

4.800

12/01/43

3,123,370

8,680,000

(a),(c)

Illinois

Finance

Authority,

Surface

Freight

Transfer

Facilities

Revenue

Bonds,

CenterPointJoliet

Terminal

Railroad

Project,

Series

2020,

(AMT),

(Mandatory

Put

12/31/34)

4.125

12/01/50

8,476,972

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

124

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

1,000,000

(a)

Illinois

Finance

Authority,

Water

Facilities

Revenue

Bonds,

American

Water

Capital

Corporation

Project,

Refunding

Series

2019,

(Mandatory

Put

10/01/29)

2.450

%

10/01/39

$

967,234

2,000,000

(a)

Illinois

Finance

Authority,

Water

Facilities

Revenue

Bonds,

American

Water

Capital

Corporation

Project,

Refunding

Series

2020,

(Mandatory

Put

9/01/28)

3.875

05/01/40

2,033,553

10,135,000

Illinois

Housing

Development

Authority,

Revenue

Bonds,

Green

Series

2021B

1.950

10/01/36

8,100,806

15,000,000

Illinois

Municipal

Electric

Agency,

Power

Supply

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

02/01/31

16,405,056

5,475,000

Illinois

State,

General

Obligation

Bonds,

June

Series

2016

5.000

06/01/28

5,493,328

1,100,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017C

5.000

11/01/29

1,130,948

6,545,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

3.250

11/01/26

6,562,495

2,360,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5.000

11/01/26

2,390,023

3,015,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5.000

11/01/27

3,115,410

5,965,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5.000

11/01/28

6,142,541

5,000,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2019B

5.000

11/01/30

5,316,078

10,830,000

Illinois

State,

General

Obligation

Bonds,

October

Series

2016

5.000

02/01/28

11,008,825

2,545,000

Illinois

State,

General

Obligation

Bonds,

Refunding

October

Series

2024

5.000

02/01/27

2,591,327

11,000,000

Illinois

State,

Sales

Tax

Revenue

Bonds,

Build

Illinois,

Refunding

Junior

Obligation

March

Series

2025A

5.000

06/15/28

11,540,609

5,000,000

Illinois

State,

Sales

Tax

Revenue

Bonds,

Build

Illinois,

Refunding

Junior

Obligation

March

Series

2025A

5.000

06/15/29

5,343,733

1,005,000

Illinois

Toll

Highway

Authority,

Toll

Highway

Revenue

Bonds,

Refunding

Senior

Lien

Series

2016A

5.000

12/01/32

1,007,325

1,475,000

Illinois,

General

Obligation

Bonds,

Illinois

FIRST

Program,

Series

2001

-

FGIC

Insured

6.000

11/01/26

1,495,353

1,235,000

LaSalle

and

Bureau

Counties

High

School

District

120

LaSalle-

Peru,

Illinois,

General

Obligation

Bonds,

School

Building

Series

2017

-

BAM

Insured

5.000

12/01/26

1,252,150

1,925,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

5.000

12/15/26

1,951,492

360,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

5.000

12/15/27

371,018

1,945,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

5.000

12/15/28

2,004,621

650,000

Metropolitan

Pier

and

Exposition

Authority,

Illinois,

McCormick

Place

Expansion

Project

Bonds,

Series

2017B

5.000

12/15/30

667,186

1,000,000

North

Barrington,

Lake

County,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

19,

Refunding

Series

2019

-

BAM

Insured

4.000

02/01/33

1,015,381

1,000,000

North

Barrington,

Lake

County,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

19,

Refunding

Series

2019

-

BAM

Insured

4.000

02/01/36

1,006,665

1,895,000

North

Barrington,

Lake

County,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

19,

Refunding

Series

2019

-

BAM

Insured

4.000

02/01/40

1,896,689

2,010,000

North

Barrington,

Lake

County,

Illinois,

Special

Tax

Bonds,

Special

Service

Area

19,

Refunding

Series

2019

-

BAM

Insured

4.000

02/01/44

1,958,945

250,000

Northern

Illinois

University,

Auxiliary

Facilities

System

Revenue

Bonds,

Series

2021

-

BAM

Insured

5.000

10/01/26

252,435

1,218,000

Round

Lake,

Lake

County,

Illinois,

Special

Tax

Bonds,

Lakewood

Grove

Special

Service

Areas

1,

3

&

4,

Refunding

Series

2017

-

BAM

Insured

3.600

03/01/28

1,224,698

8,240,000

Sales

Tax

Securitization

Corporation,

Illinois,

Sales

Tax

Securitization

Bonds,

Series

2018C

5.000

01/01/28

8,564,189

3,665,000

Southwestern

Illinois

Development

Authority,

Health

Facility

Revenue

Bonds,

Hospital

Sisters

Services,

Inc.

Obligated

Group,

Series

2017A

5.000

02/15/27

3,732,572

125

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ILLINOIS

(continued)

$

13,615,000

Springfield,

Illinois,

Electric

Revenue

Bonds,

Refunding

Senior

Lien

Series

2024

-

BAM

Insured

5.000

%

03/01/29

$

14,392,351

TOTAL

ILLINOIS

181,547,636

INDIANA

-

2.1%

1,770,000

(a)

Indiana

Finance

Authority,

Economic

Development

Revenue

Bonds,

Republic

Service,

Inc.

Project,

Refunding

Series

2010A,

(AMT),

(Mandatory

Put

6/01/26)

2.900

05/01/28

1,769,791

8,885,000

(a)

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

Southern

Indiana

Gas

&

Electric

Company,

Refunding

Series

2013A,

(AMT),

(Mandatory

Put

8/01/28)

4.000

03/01/38

8,997,401

21,115,000

(a)

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

Southern

Indiana

Gas

&

Electric

Company,

Refunding

Series

2013A,

(AMT),

(Mandatory

Put

8/01/28)

4.000

05/01/43

21,386,370

1,100,000

Indiana

Finance

Authority,

Environmental

Improvement

Revenue

Bonds,

United

States

Steel

Corporation

Project,

Refunding

Series

2021A

4.125

12/01/26

1,104,115

5,750,000

(a)

Indiana

Finance

Authority,

Environmental

Revenue

Bonds,

Duke

Energy

Indiana,

Inc.

Project,

Refunding

Series

2009A-1,

(AMT),

(Mandatory

Put

6/01/27)

3.750

03/01/31

5,786,625

7,490,000

(a)

Indiana

Finance

Authority,

Environmental

Revenue

Bonds,

Duke

Energy

Indiana,

Inc.

Project,

Refunding

Series

2009A-1,

(AMT),

(Mandatory

Put

6/01/32)

4.500

05/01/35

7,541,768

5,000,000

(a)

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Indiana

University

Health

Obligation

Group,

Long

Term

Rate

Series

2023B-1,

(Mandatory

Put

7/01/28)

5.000

10/01/62

5,228,420

7,765,000

(a)

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Indiana

University

Health

Series

2025D-1,

(Mandatory

Put

10/01/29)

5.000

10/01/64

8,316,559

1,540,000

Indiana

Finance

Authority,

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

Refunding

First

Lien

Forward

Delivery

Series

2022A

5.000

10/01/26

1,558,839

1,665,000

Indiana

Finance

Authority,

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

Refunding

First

Lien

Forward

Delivery

Series

2022A

5.000

10/01/27

1,724,787

1,250,000

Indiana

Finance

Authority,

Wastewater

Utility

Revenue

Bonds,

CWA

Authority

Project,

Series

2015A

5.000

10/01/26

1,252,627

3,520,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020B-1

1.950

07/01/35

2,927,033

1,250,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A

1.900

07/01/36

999,456

2,610,000

Indiana

Housing

and

Community

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

PAC

Series

2021B

1.900

07/01/36

2,086,865

6,000,000

Indianapolis

Local

Public

Improvement

Bond

Bank,

Indiana,

Airport

Authority

Project

Revenue

Bonds,

Refunding

Series

2019D,

(AMT)

5.000

01/01/27

6,092,137

3,485,000

(a)

Rockport,

Indiana,

Pollution

Control

Revenue

Refunding

Bonds,

Indiana

Michigan

Power

Company

Project,

Series

2025A,

(Mandatory

Put

6/01/29)

3.700

06/01/47

3,542,498

2,800,000

Valparaiso

21st

Century

School

Building

Corporation,

Porter

County,

Indiana,

First

Mortgage

Bonds,

Ad

Valorem

Property

Tax

Refunding

Series

2025

5.000

01/15/29

2,965,905

1,000,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2024A

-

BAM

Insured

5.000

07/15/29

1,065,805

1,000,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2024A

-

BAM

Insured

5.000

07/15/30

1,082,308

1,000,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2024A

-

BAM

Insured

5.000

01/15/31

1,086,968

3,775,000

(a)

Whiting,

Indiana,

Environmental

Facilities

Revenue

Bonds,

BP

Products

North

America

Inc.

Project,

Series

2008,

(Mandatory

Put

6/21/35)

4.200

06/01/44

3,888,098

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

126

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDIANA

(continued)

$

5,755,000

(a)

Whiting,

Indiana,

Environmental

Facilities

Revenue

Bonds,

BP

Products

North

America

Inc.

Project,

Series

2015,

(AMT),

(Mandatory

Put

6/10/31)

4.400

%

11/01/45

$

5,991,871

TOTAL

INDIANA

96,396,246

IOWA

-

0.4%

6,285,000

(a),(b)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32),

(Mandatory

Put

12/01/32)

4.000

12/01/50

6,704,902

240,000

(b)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32)

5.000

12/01/50

270,491

940,000

(a),(b)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32),

(Mandatory

Put

12/01/42)

5.000

12/01/50

1,059,423

3,000,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Green

Series

2021A

1.850

07/01/35

2,476,954

2,345,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019D

2.450

07/01/34

2,073,185

3,120,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020A

2.500

01/01/35

2,759,144

4,555,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021B

2.000

07/01/36

3,662,327

1,955,000

Iowa

Finance

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021D

2.000

07/01/36

1,571,866

TOTAL

IOWA

20,578,292

KANSAS

-

0.7%

8,515,000

Kansas

Department

of

Transportation,

Highway

Revenue

Bonds,

Refunding

Series

2024A

5.000

09/01/27

8,819,831

4,320,000

Kansas

Department

of

Transportation,

Highway

Revenue

Bonds,

Refunding

Series

2025A

5.000

09/01/28

4,567,722

1,820,000

Kansas

Department

of

Transportation,

Highway

Revenue

Bonds,

Refunding

Series

2025A

5.000

09/01/29

1,962,134

10,360,000

(a)

Kansas

Development

Finance

Authority,

Hospital

Revenue

Bonds,

Advent

Health

Obligated

Group,

Series

2021B,

(Mandatory

Put

11/15/31)

5.000

11/15/54

11,338,954

3,620,000

Maize,

Kansas,

General

Obligation

Bonds,

Temporary

Notes

Series

2026A

2.750

08/01/29

3,573,198

4,175,000

Manhattan,

Kansas,

General

Obligation

Bonds,

Temporary

Notes,

Series

2024-02

-

BAM

Insured

5.000

06/15/28

4,191,227

TOTAL

KANSAS

34,453,066

KENTUCKY

-

3.6%

8,250,000

Boone

County,

Kentucky,

Collateralized

Pollution

Control

Revenue

Bonds,

Duke

Energy

Kentucky,

Refunding

Series

2008A

3.700

08/01/27

8,295,660

6,075,000

(a)

Carroll

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Series

2004A,

(AMT),

(Mandatory

Put

9/01/26)

1.750

10/01/34

6,012,903

29,000,000

(a)

Carroll

County,

Kentucky,

Pollution

Control

Revenue

Bonds,

Kentucky

Utilities

Company

Project,

Refunding

Series

2016A,

(Mandatory

Put

9/01/26)

1.550

09/01/42

28,670,505

4,470,000

Kentucky

Asset/Liability

Commission,

General

Fund

Revenue

Project

Notes,

Federal

Highway

Trust

Fund,

First

Refunding

Series

2024A

5.000

09/01/26

4,511,213

4,545,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

132,

Refunding

Series

2025B

5.000

04/01/30

4,930,267

2,500,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

133,

Series

2025A

5.000

09/01/30

2,728,826

2,250,000

Kentucky

Turnpike

Authority,

Economic

Development

Road

Revenue

Bonds,

Revitalization

Projects,

Refunding

Series

2024A

5.000

07/01/27

2,320,443

127

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

KENTUCKY

(continued)

$

8,585,000

Louisville

and

Jefferson

County

Metropolitan

Government

Board

of

Water

Works,

Kentucky,

Water

System

Revenue

Bonds,

Series

2025

5.000

%

11/15/30

$

9,445,134

14,960,000

Louisville

and

Jefferson

County

Metropolitan

Sewer

District,

Kentucky,

Sewer

and

Drainage

System

Revenue

Bonds,

Refunding

Series

2025A

5.000

05/15/31

16,512,654

4,200,000

(a)

Louisville/Jefferson

County

Metro

Government,

Kentucky,

Health

System

Revenue

Bonds,

Norton

Healthcare,

Inc.,

Series

2023B,

(Mandatory

Put

10/01/29)

5.000

10/01/47

4,440,581

4,000,000

Louisville-Jefferson

County

Metropolitan

Government,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2001A

0.900

09/01/26

3,954,154

8,000,000

Louisville-Jefferson

County

Metropolitan

Government,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2001B,

(AMT)

1.350

11/01/27

7,705,628

17,100,000

(a)

Louisville-Jefferson

County

Metropolitan

Government,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2005A,

(Mandatory

Put

7/01/26)

1.750

02/01/35

17,018,163

3,805,000

Oldham

County

School

District

Finance

Corporation,

Kentucky,

School

Building

Revenue

Bonds,

Refunding

Second

Series

2016

4.000

09/01/27

3,857,691

1,350,000

(a)

Owen

County,

Kentucky,

Water

Facilities

Revenue

Bonds,

Kentucky-American

Water

Company

Project,

Refunding

Series

2020,

(Mandatory

Put

9/01/28)

3.875

06/01/40

1,372,648

1,800,000

(a)

Owen

County,

Kentucky,

Waterworks

System

Revenue

Bonds,

Kentucky-American

Water

Company

Project,

Refunding

Series

2019A,

(Mandatory

Put

10/01/29)

2.450

06/01/39

1,741,022

5,605,000

(a)

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Refunding

Series

2024B,

(Mandatory

Put

8/01/32)

5.000

01/01/55

5,936,364

2,950,000

(a)

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Series

2022A-1,

(Mandatory

Put

8/01/30)

4.000

08/01/52

2,983,939

3,075,000

Trimble

County,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2001A

0.625

09/01/26

3,038,657

10,200,000

Trimble

County,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2001B,

(AMT)

1.350

11/01/27

9,847,543

21,345,000

(a)

Trimble

County,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2016A,

(AMT),

(Mandatory

Put

9/01/27)

1.300

09/01/44

20,694,737

TOTAL

KENTUCKY

166,018,732

LOUISIANA

-

1.8%

5,000,000

Livingston

Parish,

Louisiana,

Sales

Tax

Revenue

Bonds,

Series

2025

5.000

10/01/29

5,363,988

845,000

Louisiana

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Home

Ownership

Program,

Series

2021D

2.100

12/01/36

672,583

1,875,000

Louisiana

Housing

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Home

Ownership

Program,

Series

2024A

4.000

12/01/39

1,834,604

14,620,000

Louisiana

Local

Government

Environmental

Facilities

and

Community

Development

Authority,

Revenue

Bonds,

Westlake

Chemical

Corporation

Projects,

Refunding

Series

2017

3.500

11/01/32

14,209,849

6,340,000

Louisiana

State,

Gasoline

and

Fuels

Tax

Revenue

Bonds,

Refunding

Series

2025B

5.000

05/01/30

6,916,808

12,000,000

Louisiana

State,

General

Obligation

Bonds,

Refunding

Series

2024E

5.000

09/01/31

13,357,199

5,045,000

Louisiana

State,

General

Obligation

Bonds,

Series

2024B

5.000

08/01/27

5,207,143

925,000

New

Orleans,

Louisiana,

Sewerage

Service

Revenue

Bonds,

Series

2015

5.000

06/01/26

926,439

2,780,000

(a),(c)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2008,

(Mandatory

Put

6/01/30)

6.100

06/01/38

3,043,467

1,255,000

(a)

Saint

James

Parish,

Louisiana,

Revenue

Bonds,

NuStar

Logistics,

L.P.

Project,

Series

2011,

(Mandatory

Put

6/01/30)

3.700

08/01/41

1,270,582

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

128

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LOUISIANA

(continued)

$

5,695,000

(a)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017A-1,

(Mandatory

Put

7/01/26)

4.050

%

06/01/37

$

5,712,208

17,200,000

(a)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017A-3,

(Mandatory

Put

7/01/26)

2.200

06/01/37

17,173,529

5,325,000

(a)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017B-2,

(Mandatory

Put

7/01/26)

2.375

06/01/37

5,319,102

1,500,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2025

5.000

12/01/28

1,579,826

2,300,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2025

5.000

12/01/29

2,460,665

TOTAL

LOUISIANA

85,047,992

MAINE

-

0.4%

2,250,000

Maine

Municipal

Bond

Bank,

Transportation

Infrastructure

Revenue

Bonds,

Transcap

Program,

Highway

and

Bridge

Series

2026A

5.000

09/01/31

2,498,492

2,955,000

Maine

State

Housing

Authority,

Multifamily

Mortgage

Purchase

Bonds,

Series

2021A

1.850

11/15/36

2,244,715

1,165,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Series

2020D

2.300

11/15/35

969,360

3,000,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Series

2021B

2.050

11/15/36

2,382,626

2,030,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2021C

1.900

11/15/36

1,601,148

2,000,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2021D

2.200

11/15/36

1,606,774

4,275,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2025D

6.000

11/15/55

4,712,621

800,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2026A

6.000

11/15/56

885,778

TOTAL

MAINE

16,901,514

MARYLAND

-

1.7%

6,000,000

Baltimore

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement,

Refunding

Series

2024A

5.000

07/01/29

6,460,529

6,760,000

Baltimore

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement,

Refunding

Series

2024A

5.000

07/01/30

7,408,904

10,000

Baltimore

County,

Maryland,

Revenue

Bonds,

Oak

Crest

Village,

Series

2016

3.250

01/01/31

9,930

1,000,000

Baltimore,

Maryland,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

Series

2017

5.000

09/01/26

1,004,359

6,820,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2019C

2.700

09/01/34

6,112,502

4,250,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2020A

2.300

09/01/35

3,556,005

4,880,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2020D

1.950

09/01/35

4,038,888

12,000,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2021A

1.800

09/01/36

9,446,423

8,310,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2021B

1.875

09/01/36

6,611,975

12,000,000

Maryland

Community

Development

Administration

Department

of

Housing

and

Community

Development,

Residential

Revenue

Bonds,

Series

2021C

2.200

09/01/36

9,697,033

10,000,000

Maryland

Department

of

Transportation,

Consolidated

Transportation

Revenue

Bonds,

Series

2025B

5.000

10/01/30

10,981,938

129

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MARYLAND

(continued)

$

4,630,000

Montgomery

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement

Series

2018A

5.000

%

11/01/29

$

4,912,016

3,985,000

Montgomery

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement

Series

2025A

5.000

10/01/30

4,385,183

3,570,000

Prince

George's

County,

Maryland,

General

Obligation

Bonds,

Consolidated

Public

Improvement

Series

2025A

5.000

08/01/30

3,910,313

TOTAL

MARYLAND

78,535,998

MASSACHUSETTS

-

1.1%

1,005,000

Boston,

Massachusetts,

General

Obligation

Bonds,

Series

2025A

5.000

02/01/29

1,081,341

3,000,000

Massachusetts

Bay

Transportation

Authority,

Sales

Tax

Revenue

Bonds,

Senior

Series

2025B

5.000

07/01/31

3,352,993

2,780,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5.000

07/01/29

2,905,130

2,750,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5.000

07/01/30

2,864,790

2,520,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5.000

07/01/31

2,619,246

2,110,000

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

CareGroup

Issue,

Series

2018J-2

5.000

07/01/32

2,188,903

160,000

(b)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(ETM)

5.000

07/15/26

161,114

170,000

(b)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(ETM)

5.000

07/15/27

175,157

175,000

(b)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(ETM)

5.000

07/15/28

184,189

220,000

(b)

Massachusetts

Development

Finance

Agency,

Revenue

Bonds,

Milford

Regional

Medical

Center

Issue,

Series

2020G,

(ETM)

5.000

07/15/30

239,900

1,975,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Series

2019B-1

2.750

12/01/34

1,746,473

1,000,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Green

Series

2022A-2

2.650

06/01/26

999,314

2,290,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Green

Series

2022C-3

4.000

06/01/26

2,291,769

2,420,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Green

Series

2023A-3

3.050

12/01/27

2,425,038

2,800,000

Massachusetts

Housing

Finance

Agency,

Multifamily

Housing

Bonds,

Green

Series

2023C2

4.000

12/01/27

2,811,199

1,000,000

Massachusetts

Housing

Finance

Agency,

Multifamily

Housing

Bonds,

Green

Sustainability

Series

2024B3

3.500

06/01/29

1,006,620

5,000,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2020-220

1.950

12/01/35

4,108,696

1,000,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2021-221

2.000

12/01/36

794,260

2,725,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2021-222

2.000

12/01/36

2,164,360

7,385,000

Massachusetts

Housing

Finance

Agency,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2021-223

2.150

12/01/36

5,919,707

5,000,000

Massachusetts

School

Building

Authority,

Senior

Dedicated

Sales

Tax

Revenue

Bonds,

Subordinated

Refunding

Social

Series

2025B

5.000

02/15/30

5,476,097

5,520,000

Massachusetts

State,

General

Obligation

Bonds,

Refunding

Series

2025B

5.000

06/01/29

5,939,545

TOTAL

MASSACHUSETTS

51,455,841

MICHIGAN

-

3.1%

4,175,000

Detroit

City

School

District,

Wayne

County,

Michigan,

Unlimited

Tax

School

Building

and

Site

Improvement

Bonds,

Series

2001A

-

AGM

Insured

6.000

05/01/29

4,413,795

2,400,000

Great

Lakes

Water

Authority,

Michigan,

Sewer

Disposal

System

Revenue

Bonds,

Refunding

Second

Lien

Series

2025B

5.000

07/01/35

2,722,943

5,000,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Refunding

Senior

Lien

Series

2025A

5.000

07/01/31

5,531,372

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

130

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MICHIGAN

(continued)

$

7,535,000

Great

Lakes

Water

Authority,

Michigan,

Water

Supply

Revenue

Bonds,

Senior

Lien

Series

2024A

5.000

%

07/01/27

$

7,769,017

2,600,000

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Beaumont-Spectrum

Consolidation,

Fixed

Refunding

Series

2022A

5.000

04/15/27

2,660,464

5,290,000

(a)

Michigan

Finance

Authority,

Hospital

Revenue

Bonds,

Bronson

Healthcare

Group,

Inc.,

Series

2019B,

(Mandatory

Put

11/16/26)

5.000

11/15/44

5,305,885

4,780,000

Michigan

Finance

Authority,

Local

Government

Loan

Program

Revenue

Bonds,

Public

Lighting

Authority

Refunding

Local

Project,

Refunding

Series

2025A

-

BAM

Insured

5.000

07/01/29

5,115,990

2,000,000

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Senior

Current

Interest

Series

2020A-CL-1

5.000

06/01/27

2,046,832

5,115,000

Michigan

Finance

Authority,

Tobacco

Settlement

Asset-

Backed

Bonds,

2007

Sold

Tobacco

Receipts,

Senior

Current

Interest

Series

2020A-CL-1

5.000

06/01/28

5,332,223

7,115,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2018A

3.550

10/01/33

7,065,122

2,180,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2022A

3.300

04/01/26

2,180,000

6,400,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2023A

3.750

04/01/27

6,400,418

1,365,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2024A

3.700

04/01/30

1,364,986

1,870,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Fixed

Rate

Series

2018C

3.350

12/01/34

1,804,858

4,670,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2016A

3.100

12/01/31

4,581,800

10,020,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019B

2.700

12/01/34

8,937,378

14,835,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020C

2.350

12/01/35

12,476,274

6,000,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021A

1.950

12/01/36

4,772,050

2,000,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2022A

4.000

12/01/37

1,973,662

5,655,000

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2024II

5.000

10/15/27

5,867,422

3,890,000

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2025I

5.000

04/15/29

4,163,518

2,000,000

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2025I

5.000

04/15/30

2,178,781

3,045,000

Michigan

State,

Trunk

Line

Fund

Bonds,

Rebuilding

Michigan

Program,

Series

2023

5.000

11/15/26

3,093,426

12,165,000

(a)

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Consumers

Energy

Company

Project,

Series

2019,

(AMT),

(Mandatory

Put

10/01/27)

3.350

10/01/49

12,144,735

7,730,000

(a)

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Consumers

Energy

Company

Project,

Variable

Rate

Series

2005,

(AMT),

(Mandatory

Put

10/08/26)

0.875

04/01/35

7,602,642

7,230,000

(a)

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Detroit

Edison

Company

Exempt

Facilities

Project,

Collateralized

Series

2023DT,

(AMT),

(Mandatory

Put

6/03/30)

3.875

06/01/53

7,191,249

2,285,000

(a)

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Graphic

Packaging

International,

LLC

Coated

Recycled

Board

Machine

Project,

Green

Series

2021,

(AMT),

(Mandatory

Put

10/01/26)

4.000

10/01/61

2,285,210

7,500,000

Wayne

County

Airport

Authority,

Michigan,

Revenue

Bonds,

Detroit

Metropolitan

Wayne

County

Airport,

Series

2023E

-

AGM

Insured,

(AMT)

5.000

12/01/28

7,893,214

TOTAL

MICHIGAN

144,875,266

131

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MINNESOTA

-

1.5%

$

2,740,000

Eastern

Carver

County

Independent

School

District

112,

Minnesota,

General

Obligation

Bonds,

Facilities

Maintenance

Series

2025A

5.000

%

02/01/29

$

2,921,662

4,990,000

Hennepin

County,

Minnesota,

General

Obligation

Bonds,

Sales

Tax

Series

2019B

5.000

12/15/34

5,246,462

3,535,000

Hennepin

County,

Minnesota,

General

Obligation

Bonds,

Series

2025A

5.000

12/01/30

3,891,779

4,155,000

Hennepin

County,

Minnesota,

General

Obligation

Bonds,

Series

2025A

5.000

12/01/31

4,641,197

5,030,000

(a)

Minneapolis,

Minnesota,

Health

Care

System

Revenue

Bonds,

Allina

Health

System,

Series

2023A,

(Mandatory

Put

11/15/28)

5.000

11/15/52

5,271,409

1,270,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020B

2.400

01/01/35

1,091,137

2,275,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020E

2.250

07/01/35

1,879,979

4,330,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2020I

1.875

07/01/35

3,586,439

5,595,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2021D

2.000

07/01/36

4,501,593

5,045,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2021F

2.000

07/01/36

4,056,298

8,415,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Series

2021H

2.150

07/01/36

6,825,345

3,285,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Social

Series

2022A

2.600

07/01/37

2,795,968

6,820,000

Minnesota

Public

Facilities

Authority,

State

Clean

Water

Revolving

Fund

Revenue

Bonds,

Series

2016A

5.000

03/01/31

6,831,492

2,000,000

Minnesota

Rural

Water

Finance

Authority,

Public

Projects

Construction

Notes,

Series

2025

3.300

08/01/26

2,000,584

4,315,000

Minnesota

State,

General

Obligation

Bonds,

State

Trunk

Highway

Series

2021B

5.000

08/01/31

4,804,007

6,000,000

Minnesota

State,

General

Obligation

Bonds,

Various

Purpose

Bid

Groups

1

&

2

Series

2025A

5.000

08/01/30

6,579,688

TOTAL

MINNESOTA

66,925,039

MISSISSIPPI

-

0.7%

7,755,000

(a)

Lowndes

County,

Mississippi,

Solid

Waste

Disposal

and

Pollution

Control

Revenue

Bonds,

International

Paper

Company

Project,

Refunding

Series

2022,

(Mandatory

Put

4/01/27)

2.650

04/01/37

7,711,296

5,865,000

Mississippi

Business

Finance

Corporation,

Pollution

Control

Revenue,

Mississippi

Power,

Series

2002

3.200

09/01/28

5,865,787

3,500,000

Mississippi

Development

Bank,

Special

Obligation

Bonds,

Mississippi

Highway

Refunding

Project,

Refunding

Series

2024A

5.000

01/01/30

3,783,851

6,000,000

Mississippi

Development

Bank,

Special

Obligation

Bonds,

Mississippi

Highway

Refunding

Project,

Refunding

Series

2024A

5.000

01/01/31

6,571,639

1,000,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

202

6.250

12/01/55

1,117,611

1,230,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020A

2.250

12/01/35

1,004,571

615,000

Mississippi

Home

Corporation,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A

1.800

12/01/35

498,292

1,500,000

Mississippi

State,

Gaming

Tax

Revenue

Bonds,

Series

2019A

5.000

10/15/26

1,517,886

2,365,000

Warren

County,

Mississippi,

Gulf

Opportunity

Zone

Revenue

Bonds,

International

Paper

Company

Project,

Refunding

Series

20218

4.000

09/01/32

2,410,470

TOTAL

MISSISSIPPI

30,481,403

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

132

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MISSOURI

-

1.1%

$

2,250,000

Clay

County

Public

School

District

53,

Liberty,

Missouri,

General

Obligation

Bonds,

Refunding

Series

2025

4.000

%

03/01/29

$

2,335,190

2,650,000

Clay

County

Public

School

District

53,

Liberty,

Missouri,

General

Obligation

Bonds,

Refunding

Series

2025

4.000

03/01/30

2,773,989

5,330,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Refunding

Series

1998A

2.900

09/01/33

4,978,239

11,000,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Series

1998B

2.900

09/01/33

10,274,039

5,255,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Series

1998C

2.750

09/01/33

4,791,042

12,640,000

(a)

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

BJC

Health

System,

Series

2021B,

(Mandatory

Put

5/01/26)

4.000

05/01/51

12,653,377

2,520,000

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

SSM

Health

Care,

Series

2022A

5.000

06/01/27

2,577,356

5,000,000

Missouri

Highways

and

Transportation

Commission,

State

Road

Revenue

Bonds,

State

Appropriations

Mega

Projects

Series

2025A

5.000

05/01/31

5,543,458

2,695,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Home

Ownership

Loan

Program

Series

2024E

4.125

11/01/39

2,668,379

730,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2019C

2.500

11/01/34

634,121

1,065,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2021A

1.950

11/01/36

849,138

1,890,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Homeownership

Loan

Program,

Series

2021B

1.800

11/01/36

1,480,124

TOTAL

MISSOURI

51,558,452

MONTANA

-

0.2%

1,115,000

Gallatin

County,

Montana,

General

Obligation

Bonds,

Series

2023

5.000

07/01/33

1,263,549

1,300,000

Gallatin

County,

Montana,

General

Obligation

Bonds,

Series

2023

5.000

07/01/35

1,443,633

1,000,000

Lewis

and

Clark

County

School

District

9

East

Helena,

Montana,

General

Obligation

Bonds,

School

Building

Series

2018

5.000

07/01/27

1,028,184

1,055,000

Lewis

and

Clark

County

School

District

9

East

Helena,

Montana,

General

Obligation

Bonds,

School

Building

Series

2018

5.000

07/01/28

1,105,941

1,335,000

Lewis

and

Clark

County

School

District

9

East

Helena,

Montana,

General

Obligation

Bonds,

School

Building

Series

2018

5.000

07/01/29

1,397,765

2,000,000

(a)

Montana

Board

of

Housing,

Multifamily

Housing

Revenue

Bonds,

Aurora

Apartments

Series

2024,

(Mandatory

Put

2/01/28)

3.320

07/01/46

2,008,941

750,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2021A-1

1.850

12/01/36

590,111

485,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2021B

1.850

12/01/36

381,605

1,710,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2026A

5.750

06/01/56

1,873,443

TOTAL

MONTANA

11,093,172

NATIONAL

-

0.1%

2,575,669

Freddie

Mac

Multi-Family

ML

Certificates,

Series

ML

05,

Series

2019A

3.400

01/25/36

2,461,021

TOTAL

NATIONAL

2,461,021

133

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEBRASKA

-

0.7%

$

8,370,000

(a)

Central

Plains

Energy

Project,

Nebraska,

Gas

Project

4

Revenue

Bonds,

Refunding

Series

2023A-1,

(Mandatory

Put

11/01/29)

5.000

%

05/01/54

$

8,855,559

5,040,000

(a)

Central

Plains

Energy

Project,

Nebraska,

Gas

Supply

Revenue

Bonds,

Refunding

Series

2025A

Subseries

2025A-1,

(Mandatory

Put

8/01/31)

5.000

08/01/55

5,337,585

1,915,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2019D

2.600

09/01/34

1,709,825

8,895,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2020A

2.350

09/01/35

7,488,524

2,490,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2021A

1.850

09/01/35

2,045,941

3,555,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Series

2021C

2.100

09/01/36

2,850,242

1,665,000

Nebraska

Investment

Finance

Authority,

Single

Family

Housing

Revenue

Bonds,

Social

Series

2026A

6.250

03/01/55

1,861,998

1,630,000

Sarpy

County

School

District

037

Gretna

Public

Schools,

Nebraska,

General

Obligation

Bonds,

Series

2022B

5.000

12/15/27

1,634,359

TOTAL

NEBRASKA

31,784,033

NEVADA

-

0.4%

6,385,000

Clark

County,

Nevada,

Airport

Revenue

Bonds,

Junior

Subordinate

Lien

Notes

Series

2021B,

(AMT)

5.000

07/01/27

6,551,436

895,000

(a),(c)

Director

of

the

State

of

Nevada

Department

of

Business

and

Industry,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.,

Variable

Rate

Demand

Series

2001,

(AMT),

(Mandatory

Put

6/01/26)

3.450

12/01/26

895,462

1,355,000

(b)

Las

Vegas

Valley

Water

District,

Nevada,

General

Obligation

Bonds,

Refunding

Water

Improvement

Series

2016A,

(Pre-

refunded

6/01/26)

5.000

06/01/31

1,360,541

1,970,000

Nevada

Housing

Division,

Single

Family

Housing

Mortgage

Revenue

Bonds,

Refunding

Series

2021A

1.850

10/01/33

1,679,064

1,970,000

Nevada

Housing

Division,

Single

Family

Housing

Mortgage

Revenue

Bonds,

Refunding

Series

2021A

2.000

10/01/36

1,572,447

3,000,000

Nevada

Housing

Division,

Single

Family

Housing

Mortgage

Revenue

Bonds,

Refunding

Series

2021B

2.200

10/01/36

2,418,645

5,000,000

(d)

Truckee

Meadows

Water

Authority,

Nevada,

Water

Revenue

Bonds,

Refunding

Series

2026

5.000

07/01/31

5,533,684

TOTAL

NEVADA

20,011,279

NEW

HAMPSHIRE

-

1.0%

8,485,000

National

Finance

Authority,

New

Hampshire,

Pollution

Control

Revenue

Bonds,

New

York

State

Electric

&

Gas

Corporation

Project,

Refunding

Series

2022A,

(AMT)

4.000

12/01/28

8,593,236

3,605,000

(a)

National

Finance

Authority,

New

Hampshire,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management,

INC.,

Project,

Refunding

Series

2018A,

(AMT),

(Mandatory

Put

7/01/26)

4.000

10/01/33

3,609,672

2,000,000

(c)

National

Finance

Authority,

New

Hampshire,

Special

Revenue

Bonds,

Forestar

Group

Houston

Area

Projects,

Fort

Bend,

Galveston,

Montgomery,

and

Walker

Counties,

Texas,

Series

2026

6.500

12/01/34

2,001,585

11,000,000

New

Hampshire

Business

Finance

Authority,

Pollution

Control

Revenue

Bonds,

United

Illuminating

Company,

Refunding

Series

2003A

4.500

10/01/33

11,380,248

5,000,000

(a)

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Dartmouth

College,

Series

2015A,

(Mandatory

Put

8/03/27)

3.300

06/01/40

5,013,426

4,500,000

(a)

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Dartmouth

College,

Series

2015D,

(Mandatory

Put

8/03/27)

3.300

06/01/38

4,512,083

6,050,000

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Dartmouth

College,

Series

2025A

5.000

06/01/32

6,779,720

2,505,000

New

Hampshire

Housing

Finance

Authority,

Single

Family

Mortgage

Acquisition

Bonds,

Social

Series

2024C

4.100

07/01/39

2,489,377

TOTAL

NEW

HAMPSHIRE

44,379,347

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

134

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

JERSEY

-

2.0%

$

1,000,000

Delran

Township,

New

Jersey,

General

Obligation

Bonds,

Series

2019

2.000

%

10/15/27

$

978,566

1,000,000

Delran

Township,

New

Jersey,

General

Obligation

Bonds,

Series

2019

2.000

10/15/28

961,185

1,000,000

Delran

Township,

New

Jersey,

General

Obligation

Bonds,

Series

2019

2.000

10/15/29

944,614

1,000,000

Freehold

Township

Board

of

Education,

Monmouth

County,

New

Jersey,

General

Obligation

Bonds,

School

Series

2025

4.000

08/15/29

1,047,112

3,975,000

Gloucester

Township,

New

Jersey,

General

Obligation

Bonds,

Series

2019

-

BAM

Insured

2.000

02/01/27

3,929,510

1,000,000

New

Brunswick

Parking

Authority,

Middlesex

County,

New

Jersey,

Guaranteed

Parking

Revenue

Bonds,

Refunding

Series

2016A

-

BAM

Insured

5.000

09/01/35

1,006,939

6,180,000

New

Jersey

Economic

Development

Authority,

Revenue

Bonds,

Motor

Vehicle

Surcharge,

Refunding

Subordinate

Series

2017A

3.375

07/01/30

6,139,355

6,135,000

(b)

New

Jersey

Economic

Development

Authority,

School

Facilities

Construction

Bonds,

Series

2018EEE,

(Pre-refunded

12/15/28)

5.000

06/15/33

6,543,592

920,000

New

Jersey

Economic

Development

Authority,

Special

Facilities

Revenue

Bonds,

Continental

Airlines

Inc.,

Series

1999,

(AMT)

5.250

09/15/29

921,079

2,600,000

New

Jersey

Health

Care

Facilities

Financing

Authority,

Revenue

Bonds,

Inspira

Health

Obligated

Group

Issue,

Refunding

Series

2016A

5.000

07/01/29

2,612,487

3,200,000

New

Jersey

Housing

and

Mortgage

Finance

Agency,

Multifamily

Revenue

Bonds,

Series

2024B

3.500

05/01/29

3,235,229

7,475,000

New

Jersey

Housing

and

Mortgage

Finance

Agency,

Multifamily

Revenue

Bonds,

Social

Series

2025B

3.050

11/01/29

7,462,832

7,230,000

New

Jersey

Transportation

Trust

Fund

Authority,

Federal

Highway

Reimbursement

Revenue

Notes,

Series

2018A

5.000

06/15/28

7,263,707

1,645,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2014BB-1

5.000

06/15/30

1,740,006

2,000,000

New

Jersey

Transportation

Trust

Fund

Authority,

Transportation

System

Bonds,

Series

2019BB

5.000

06/15/32

2,106,810

5,125,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5.000

06/01/27

5,244,414

4,490,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5.000

06/01/28

4,670,075

14,110,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5.000

06/01/29

14,670,023

3,580,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5.000

06/01/34

3,704,576

2,275,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

4.000

06/01/37

2,268,158

6,795,000

Toms

River

Board

of

Education,

Ocean

County,

New

Jersey,

General

Obligation

Bonds,

Regional

Schools

Series

2019

2.250

07/15/28

6,484,018

6,710,000

Union

County,

New

Jersey,

General

Obligation

Bonds,

Series

2018

3.000

03/01/28

6,712,133

TOTAL

NEW

JERSEY

90,646,420

NEW

MEXICO

-

0.9%

13,640,000

(a)

Farmington,

New

Mexico,

Pollution

Control

Revenue

Bonds,

Public

Service

Company

of

New

Mexico

San

Juan

Project,

Refunding

Series

2010A,

(Mandatory

Put

10/01/26)

0.875

06/01/40

13,490,399

15,000,000

New

Mexico

Finance

Authority,

New

Mexico,

Transportation

Revenue

Bonds,

State

Transportation

Commission,

Refunding

Senior

Lien

Series

2024A

5.000

06/15/27

15,447,915

2,980,000

New

Mexico

Finance

Authority,

Public

Project

Revolving

Fund

Revenue

Bonds,

Subordinate

Lien

Series

2025C

5.000

12/15/29

3,233,546

1,695,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2019D

2.800

07/01/34

1,539,995

2,160,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2021A

1.950

07/01/36

1,739,096

985,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2021C

1.875

07/01/36

787,639

135

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

MEXICO

(continued)

$

1,180,000

New

Mexico

Mortgage

Finance

Authority,

Single

Family

Mortgage

Program

Bonds,

Class

1

Series

2024E

4.125

%

09/01/39

$

1,169,036

1,760,000

San

Juan

County,

New

Mexico,

Gross

Receipts

Tax

Revenue

Bonds,

Refunding

Series

2015A

5.000

06/15/26

1,762,962

203,000

(c)

Winrock

Town

Center

Tax

Increment

Development

District

1,

Albuquerque,

New

Mexico,

Gross

Receipts

Tax

Increment

Bonds,

Senior

Lien

Series

2022

3.750

05/01/28

201,646

TOTAL

NEW

MEXICO

39,372,234

NEW

YORK

-

6.9%

10,000,000

(a)

Chautauqua

County

Capital

Resource

Corporation,

New

York,

Facilities

Revenue

Bonds,

NRG

Energy

Project

Refunding

Series

2020,

(Mandatory

Put

4/03/28)

4.250

04/01/42

10,159,956

1,725,000

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Montefiore

Obligated

Group,

Series

2020A

5.000

09/01/27

1,759,142

5,000,000

(a)

Dormitory

Authority

of

the

State

of

New

York,

Revenue

Bonds,

Northwell

Healthcare

Inc,

Series

2019B-1,

(Mandatory

Put

11/01/28)

1.800

05/01/48

4,806,586

8,600,000

Dutchess

County

Local

Development

Corporation,

New

York,

Revenue

Bonds,

Health

Quest

Systems,

Inc.

Project,

Series

2016B

5.000

07/01/30

8,625,871

2,500,000

(a)

Long

Island

Power

Authority,

New

York,

Electric

System

General

Revenue

Bonds,

Series

2024B,

(Mandatory

Put

9/01/29)

3.000

09/01/49

2,492,968

5,020,000

Metropolitan

Transportation

Authority,

New

York,

Dedicated

Tax

Fund

Bonds,

Climate

Bond

Certified,

Refunding

Green

Series

2016B-2

5.000

11/15/32

5,081,374

2,250,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Refunding

Green

Climate

Certified

Series

2020E

5.000

11/15/32

2,450,258

1,065,000

Nassau

County

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014B

5.000

07/01/26

1,067,752

1,500,000

Nassau

County

Local

Economic

Assistance

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014B

5.000

07/01/27

1,507,624

10,020,000

(a)

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Green

Series

2023A-2,

(Mandatory

Put

12/30/27)

3.700

05/01/63

10,023,356

3,075,000

(a)

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2024B-2,

(Mandatory

Put

7/03/28)

3.700

05/01/64

3,103,706

5,865,000

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Neighborhood

Green

Series

2020D-1B

2.000

11/01/35

4,807,923

3,185,000

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Neighborhood

Series

2019A-3A

3.450

11/01/34

3,123,928

3,040,000

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Neighborhood

Series

2019G-1B

2.550

11/01/34

2,709,724

675,000

New

York

City

Industrial

Development

Agency,

New

York,

Civic

Facility

Revenue

Bonds,

The

Churchill

School

and

Center

for

Learning

Disabilities

Inc.,

Short

Term

Auction

Rate

Series

1999

-

AGM

Insured

2.250

10/01/29

641,488

8,845,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2021

Subseries

A

5.000

11/01/28

9,377,383

8,000,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2025

Subseries

Series

A-1

5.000

11/01/27

8,308,801

545,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2024G-1

5.000

05/01/27

559,553

4,665,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2025C-1

5.000

05/01/29

4,992,849

65,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2025D

5.000

05/01/29

69,568

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

136

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

1,455,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2025D

5.000

%

05/01/30

$

1,583,843

5,000,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2025F-1

5.000

11/01/28

5,300,952

6,600,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

Series

2025F-1

5.000

11/01/29

7,127,234

4,390,000

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2017

Series

A-1

5.000

08/01/33

4,419,021

27,510,000

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2020

Series

C-1

5.000

08/01/27

28,375,820

7,710,000

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2025

Series

A

5.000

08/01/27

7,959,850

12,500,000

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2025

Series

A

5.000

08/01/28

13,150,195

5,500,000

New

York

State

Energy

Research

and

Development

Authority,

Pollution

Control

Revenue

Bonds,

Rochester

Gas

and

Electric

Corporation,

Series

2004B,

(AMT)

4.000

05/15/32

5,538,954

2,620,000

(a)

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Climate

Bond

Certified/Sustainability

Green

Series

2021J-2,

(Mandatory

Put

5/01/27)

1.100

11/01/61

2,549,251

6,370,000

(a)

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Green

Series

2022A-2,

(Mandatory

Put

5/01/27)

2.500

11/01/60

6,326,608

7,415,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Refunding

Series

2019C

3.500

11/01/34

7,278,452

4,185,000

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Refunding

Series

2020H

2.100

11/01/35

3,448,047

8,140,000

(a)

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Sustainability

Green

Series

2024C-2,

(Mandatory

Put

5/01/29)

3.600

11/01/63

8,169,777

6,675,000

(a)

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Sustainability

Series

2023C-2,

(Mandatory

Put

5/01/29)

3.800

11/01/62

6,677,442

1,835,000

(a)

New

York

State

Housing

Finance

Agency,

State

Personal

Income

Tax

Revenue

Bonds,

Economic

Development

and

Housing

Sustainability

Green

Series

2024B-2,

(Mandatory

Put

12/15/29)

3.350

12/15/54

1,842,425

9,820,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

223

2.650

10/01/34

8,801,482

2,615,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

225

2.000

10/01/35

2,160,952

3,460,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

227

2.100

10/01/35

2,816,621

3,555,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

231

2.000

10/01/33

3,063,442

9,990,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Series

231

2.200

10/01/36

8,101,886

4,830,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

239

2.200

10/01/36

3,917,128

16,400,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

242

2.950

10/01/37

14,617,149

1,380,000

New

York

State

Mortgage

Agency,

Homeowner

Mortgage

Revenue

Bonds,

Social

Series

273

6.000

10/01/55

1,523,917

10,000,000

New

York

State

Thruway

Authority,

State

Personal

Income

Tax

Revenue

Bonds,

Series

2025A

5.000

03/15/29

10,706,695

1,785,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

American

Airlines,

Inc.

John

F

Kennedy

International

Airport

Project,

Refunding

Series

2016,

(AMT)

5.000

08/01/26

1,786,798

5,000,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

Terminal

4

John

F

Kennedy

International

Airport

Project,

Series

2022,

(AMT)

5.000

12/01/27

5,141,514

137

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

2,000,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

Terminal

4

John

F

Kennedy

International

Airport

Project,

Series

2022,

(AMT)

5.000

%

12/01/28

$

2,087,071

2,000,000

New

York

Transportation

Development

Corporation,

New

York,

Special

Facility

Revenue

Bonds,

Terminal

4

John

F

Kennedy

International

Airport

Project,

Series

2022,

(AMT)

5.000

12/01/29

2,113,322

3,015,000

New

York

Transportation

Development

Corporation,

Special

Facility

Revenue

Bonds,

Delta

Air

Lines,

Inc.

-

LaGuardia

Airport

Terminals

C&D

Redevelopment

Project,

Series

2020,

(AMT)

4.000

10/01/30

3,064,277

3,105,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Forty

Second

Series

2023,

(AMT)

5.000

12/01/26

3,148,117

10,000,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Forty

Second

Series

2023,

(AMT)

5.000

12/01/27

10,339,031

4,000,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Second

Series

2017,

(AMT)

5.000

10/15/33

4,060,168

500,000

Suffolk

County

Economic

Development

Corporation,

New

York,

Revenue

Bonds,

Catholic

Health

Services

of

Long

Island

Obligated

Group

Project,

Series

2014

5.000

07/01/27

502,486

2,220,000

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A-2

5.000

06/01/26

2,226,916

2,200,000

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A-2

5.000

06/01/28

2,289,666

1,245,000

Suffolk

Tobacco

Asset

Securitization

Corporation,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Senior

Series

2021A-2

5.000

06/01/32

1,347,523

3,000,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Payroll

Mobility

Tax

Bonds,

MTA

Bridges

and

Tunnels,

Bond

Anticipation

Notes

Series

2025A

5.000

03/01/28

3,138,565

8,100,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Payroll

Mobility

Tax

Bonds,

MTA

Bridges

and

Tunnels,

Senior

Lien

Green

Climate

Bond

Certified

Series

2022E-1

5.000

11/15/27

8,378,152

1,925,000

TSASC

Inc.,

New

York,

Tobacco

Settlement

Asset-Backed

Bonds,

Fiscal

2017

Series

A

5.000

06/01/26

1,931,062

10,000,000

Utility

Debt

Securitization

Authority,

New

York,

Restructuring

Bonds,

Series

2025TE-2

5.000

06/15/32

10,920,919

4,000,000

Utility

Debt

Securitization

Authority,

New

York,

Restructuring

Bonds,

Series

2025TE-2

5.000

12/15/32

4,393,738

1,350,000

Yonkers,

New

York,

General

Obligation

Bonds,

Refunding

Series

2026D

5.000

08/01/31

1,502,282

TOTAL

NEW

YORK

319,498,560

NORTH

CAROLINA

-

1.1%

6,730,000

(a)

Charlotte-Mecklenburg

Hospital

Authority,

North

Carolina,

Health

Care

Revenue

Bonds,

DBA

Carolinas

HealthCare

System,

Variable

Rate

Demand

Series

2021B,

(Mandatory

Put

6/15/27)

3.250

01/15/50

6,760,886

2,540,000

(d)

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement

Series

60

6.250

07/01/57

2,890,259

875,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2019-42

2.450

07/01/34

793,022

2,810,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2020-43

2.625

01/01/35

2,520,005

5,000,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2021-47

2.000

07/01/36

4,020,117

1,800,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2025-59A

6.250

01/01/57

2,036,883

1,095,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

Refunding

Series

45

1.950

07/01/33

925,207

1,645,000

North

Carolina

Municipal

Power

Agency

1,

Catawba

Electric

Revenue

Bonds,

Refunding

Series

2015A

5.000

01/01/28

1,656,318

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

138

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NORTH

CAROLINA

(continued)

$

11,335,000

North

Carolina

State,

General

Obligation

Bonds,

Refunding

Series

2025C

5.000

%

06/01/30

$

12,406,186

5,500,000

North

Carolina

State,

Limited

Obligation

Bonds,

Refunding

Series

2025B

5.000

05/01/30

6,000,386

10,730,000

Raleigh,

North

Carolina,

North

Carolina,

Limited

Obligation

Bonds,

Series

2024

5.000

10/01/27

11,132,996

TOTAL

NORTH

CAROLINA

51,142,265

NORTH

DAKOTA

-

0.8%

2,395,000

Cass

County

Joint

Water

Reserve

District,

North

Dakota,

Temporary

Improvement  Special

Assessment

Bonds,

Refunding

Series

2024A

3.450

04/01/27

2,395,506

2,380,000

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2017A

5.000

12/01/26

2,403,585

2,555,000

Grand

Forks,

North

Dakota,

Health

Care

System

Revenue

Bonds,

Altru

Health

System

Obligated

Group,

Series

2021

5.000

12/01/27

2,613,108

225,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

4.000

05/01/27

225,257

500,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

3.000

05/01/28

486,025

400,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

3.000

05/01/29

382,909

430,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

3.000

05/01/30

404,799

355,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2021

3.000

05/01/32

322,544

5,330,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2023C

5.000

05/01/32

5,513,321

670,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5.000

05/01/29

699,367

530,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5.000

05/01/30

558,395

555,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5.000

05/01/31

589,228

580,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5.000

05/01/32

619,569

610,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5.000

05/01/33

653,858

6,235,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2019C

2.800

07/01/32

5,942,915

2,285,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2019C

3.000

07/01/34

2,130,081

2,745,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2020A

2.700

07/01/35

2,442,478

3,250,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2020B

2.100

07/01/35

2,664,859

3,600,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Series

2021A

2.050

07/01/36

2,914,430

2,540,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Finance

Program

Bonds,

Social

Series

2021B

2.300

07/01/36

2,063,515

1,290,000

North

Dakota

Housing

Finance

Agency,

Home

Mortgage

Program

Revenue

Bonds,

Social

Series

2025C

5.750

07/01/56

1,408,753

TOTAL

NORTH

DAKOTA

37,434,502

OHIO

-

4.8%

1,500,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

06/01/27

1,537,387

9,130,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

06/01/28

9,531,423

9,285,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

06/01/29

9,840,673

139

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

(continued)

$

7,160,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

%

06/01/31

$

7,699,335

2,600,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

06/01/32

2,789,491

3,110,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

06/01/33

3,325,361

5,895,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

06/01/34

6,237,517

4,470,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

5.000

06/01/35

4,706,184

1,275,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

4.000

06/01/38

1,268,891

1,015,000

Buckeye

Tobacco

Settlement

Financing

Authority,

Ohio,

Tobacco

Settlement

Asset-Backed

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A-2

Class

1

4.000

06/01/39

996,597

4,400,000

Columbus

City

School

District,

Franklin

County,

Ohio,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

2026A

5.000

12/01/30

4,829,899

6,900,000

Columbus,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2025-1

5.000

04/01/30

7,517,674

5,670,000

Columbus,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2025A

5.000

10/01/30

6,226,759

3,375,000

(a)

Franklin

County,

Ohio,

Revenue

Bonds,

CHE

Trinity

Health

Credit

Group,

Variable

Rate

Demand

Obligation

Series

2013,

(Mandatory

Put

5/01/26)

2.625

12/01/46

3,374,405

6,000,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2005B,

(AMT)

3.700

07/01/28

6,042,034

3,345,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2005C,

(AMT)

3.700

04/01/28

3,366,975

15,750,000

(a)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2007A,

(AMT),

(Mandatory

Put

10/01/29)

2.500

08/01/40

15,098,903

10,000,000

(a)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2007B,

(AMT),

(Mandatory

Put

10/01/29)

2.500

11/01/42

9,586,605

2,380,000

(a)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2014A,

(Mandatory

Put

10/01/29)

2.400

12/01/38

2,270,115

10,905,000

(a)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2014B,

(AMT),

(Mandatory

Put

10/01/29)

2.600

06/01/41

10,524,347

20,250,000

(a)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

Dayton

Power

&

Light

Company

Project,

Refunding

Collateralized

Series

2015A,

(AMT),

(Mandatory

Put

6/01/27)

4.250

11/01/40

20,512,551

12,635,000

(a)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

Dueke

Energy

Corporation

Project,

Refunding

Series

2022A,

(AMT),

(Mandatory

Put

6/01/27)

4.250

11/01/39

12,745,269

275,000

(c)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

Pratt

Paper

Ohio,

LLC

Project,

Series

2017,

(AMT)

3.750

01/15/28

275,578

1,330,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2019A

3.500

09/01/34

1,316,317

2,510,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2019B

2.800

09/01/34

2,273,715

1,470,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2020A

2.500

09/01/35

1,281,055

3,685,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2021A

2.050

09/01/36

2,969,110

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

140

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

(continued)

$

2,920,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Series

2021C

2.250

%

09/01/36

$

2,375,752

1,570,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A

3.800

09/01/35

1,541,124

1,595,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A

3.850

03/01/36

1,571,531

1,450,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024A

3.850

09/01/36

1,421,892

6,180,000

Ohio

Housing

Finance

Agency,

Residential

Mortgage

Revenue

Bonds,

Mortgage-Backed

Securities

Program,

Social

Series

2024B

4.100

09/01/39

6,094,408

1,855,000

Ohio

State,

General

Obligation

Bonds,

Conservation

Projects

Refunding

Series

2022A

4.000

09/01/27

1,894,950

5,000,000

Ohio

State,

General

Obligation

Bonds,

Higher

Education

Refunding

Series

2025D

5.000

11/01/30

5,497,818

1,000,000

Ohio

State,

General

Obligation

Bonds,

Higher

Education

Series

2025C

5.000

11/01/30

1,099,564

11,970,000

Ohio

State,

General

Obligation

Bonds,

Highway

Capital

Improvement

Series

2026Z

5.000

05/01/29

12,836,969

3,545,000

Ohio

State,

General

Obligation

Bonds,

Infrastructure

Improvement

Refunding

Series

2022C

4.000

09/01/27

3,621,347

6,960,000

Ohio

State,

General

Obligation

Bonds,

Refunding

Highway

Capital

Improvement

Series

2026AA

5.000

05/01/29

7,464,102

2,440,000

(a)

Ohio

State,

Hospital

Revenue

Bonds,

Cleveland

Clinic

Health

System

Obligated

Group,

Series

2019C,

(Mandatory

Put

5/01/28)

2.750

01/01/52

2,427,172

5,050,000

Ohio

Water

Development

Authority,

Water

Pollution

Control

Loan

Fund

Revenue

Bonds,

Series

2020A

5.000

12/01/39

5,332,706

1,400,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2025B

5.000

12/01/31

1,563,043

1,000,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Refunding

Series

2025B

5.000

12/01/32

1,128,338

2,100,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5.000

12/01/26

2,134,620

2,500,000

Olentangy

Local

School

District,

Delaware

and

Franklin

Counties,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2026

5.000

12/01/27

2,600,942

TOTAL

OHIO

218,750,448

OKLAHOMA

-

3.7%

1,000,000

Blaine

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Watonga

Public

Schools

Project,

Series

2022

5.000

12/01/31

1,068,771

1,015,000

Blaine

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Watonga

Public

Schools

Project,

Series

2022

5.000

12/01/32

1,088,529

1,600,000

Bryan

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Durant

Public

Schools

Project,

Series

2020

2.000

09/01/27

1,567,427

5,000,000

Canadian

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Mustang

Public

Schools

Project,

Series

2023A

5.000

09/01/31

5,447,164

5,035,000

Canadian

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Yukon

Public

Schools

Project,

Series

2023

5.000

09/01/27

5,184,647

4,400,000

Canadian

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Piedmont

Public

Schools

Project,

Series

2024

4.000

08/15/32

4,537,324

141

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OKLAHOMA

(continued)

$

9,095,000

Cleveland

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Moore

Public

Schools

Project,

Series

2021

4.000

%

06/01/27

$

9,226,834

8,010,000

Cleveland

County

Independent

School

District

2

Moore,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2022

2.000

03/01/27

7,908,323

9,000,000

Cleveland

County

Independent

School

District

2

Moore,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2026

2.000

03/01/28

8,798,756

1,000,000

Clinton

Public

Works

Authority,  Oklahoma,

Educational

Facilities,

Lease

Revenue

Bonds,

Series

2022

5.000

10/01/27

1,025,642

1,000,000

Clinton

Public

Works

Authority,  Oklahoma,

Educational

Facilities,

Lease

Revenue

Bonds,

Series

2022

3.250

10/01/28

996,867

4,410,000

Cushing

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Cushing

Public

Schools

Project,

Series

2022

5.000

09/01/32

4,830,500

2,330,000

Garfield

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Enid

Public

Schools

Project,

Series

2016A

5.000

09/01/26

2,351,872

200,000

Garvin

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Wynnewood

Public

Schools

Project,

Series

2018

5.000

09/01/26

201,569

450,000

Garvin

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Wynnewood

Public

Schools

Project,

Series

2018

5.000

09/01/27

461,731

525,000

Garvin

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Wynnewood

Public

Schools

Project,

Series

2018

5.000

09/01/29

548,038

560,000

Garvin

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Wynnewood

Public

Schools

Project,

Series

2018

5.000

09/01/30

582,836

1,100,000

Garvin

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Wynnewood

Public

Schools

Project,

Series

2018

5.000

09/01/31

1,141,778

860,000

Garvin

County

Educational

Facilities

Authority,

Oklahoma,

Lease

Revenue

Bonds,

Wynnewood

Public

Schools

Project,

Series

2018

5.000

09/01/32

890,043

1,305,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Minco

Public

Schools

Project,

Series

2018

5.000

09/01/31

1,355,180

1,000,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Minco

Public

Schools

Project,

Series

2018

5.000

09/01/32

1,033,760

1,305,000

Grady

County

School

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Minco

Public

Schools

Project,

Series

2018

5.000

09/01/33

1,344,489

5,045,000

Kay

County

Public

Buildings

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Ponca

City

Public

Schools

Project,

Series

2022

5.000

09/01/27

5,173,697

1,000,000

Lawton

Industrial

Development

Authority,

Oklahoma,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025A

5.000

07/01/28

1,046,055

1,000,000

Lawton

Industrial

Development

Authority,

Oklahoma,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025A

5.000

07/01/29

1,063,874

1,455,000

McClain

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Blanchard

Public

Schools

Project,

Series

2019

4.000

09/01/26

1,460,503

630,000

McClain

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Blanchard

Public

Schools

Project,

Series

2019

4.000

09/01/27

637,849

720,000

McClain

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Blanchard

Public

Schools

Project,

Series

2019

4.000

09/01/28

735,337

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

142

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OKLAHOMA

(continued)

$

800,000

McClain

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Blanchard

Public

Schools

Project,

Series

2019

4.000

%

09/01/29

$

822,215

1,100,000

Okarche

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Okarche

Public

Schools

Project,

Series

2016

5.000

09/01/27

1,110,177

1,125,000

Okarche

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Okarche

Public

Schools

Project,

Series

2016

5.000

09/01/28

1,135,410

5,200,000

Oklahoma

City,

Oklahoma,

General

Obligation

Bonds,

Series

2024

4.000

03/01/27

5,272,467

1,030,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Harrah

Public

Schools

Project,

Series

2024

5.000

09/01/28

1,077,462

590,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jones

Public

Schools

Project,

Series

2020

4.000

09/01/26

592,109

1,000,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jones

Public

Schools

Project,

Series

2020

4.000

09/01/27

1,013,709

1,195,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jones

Public

Schools

Project,

Series

2020

4.000

09/01/28

1,219,056

1,000,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jones

Public

Schools

Project,

Series

2020

4.000

09/01/29

1,026,135

1,000,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jones

Public

Schools

Project,

Series

2020

4.000

09/01/30

1,030,076

1,000,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jones

Public

Schools

Project,

Series

2020

4.000

09/01/31

1,030,314

1,000,000

Oklahoma

County

Finance

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Jones

Public

Schools

Project,

Series

2020

4.000

09/01/32

1,026,671

3,650,000

Oklahoma

County

Independent

School

District

1

Putnam

City,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2024

3.250

04/01/26

3,650,000

5,875,000

Oklahoma

County

Independent

School

District

89

Oklahoma

City,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2024A

1.250

07/01/26

5,855,534

6,850,000

Oklahoma

County

Independent

School

District

89,

Oklahoma

City,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2025A

1.000

07/01/27

6,716,111

1,900,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5.000

08/15/26

1,909,191

3,175,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5.000

08/15/27

3,236,351

1,400,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5.000

08/15/28

1,440,089

385,000

Oklahoma

Development

Finance

Authority,

Health

System

Revenue

Bonds,

OU

Medicine

Project,

Series

2018B

5.000

08/15/29

395,520

635,000

Oklahoma

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Homeownership

Loan

Program,

Series

2020A

2.650

09/01/35

563,348

1,210,000

Oklahoma

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Homeownership

Loan

Program,

Series

2026A

6.000

09/01/57

1,358,280

7,515,000

Oklahoma

Industries

Authority,

Educational

Facilities

Lease

Revenue

Bonds,

Oklahoma

City

Public

Schools

Project

Series

2024

5.000

04/01/27

7,693,971

2,000,000

Payne

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Stillwater

Public

Schools

Project,

Series

2024

-

BAM

Insured

5.000

09/01/26

2,017,605

143

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OKLAHOMA

(continued)

$

260,000

Pittsburg

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

McAlester

Public

Schools

Project,

Series

2021

4.000

%

12/01/28

$

265,469

405,000

Pittsburg

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

McAlester

Public

Schools

Project,

Series

2021

4.000

12/01/29

415,634

350,000

Pittsburg

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

McAlester

Public

Schools

Project,

Series

2021

4.000

12/01/30

360,294

260,000

Pittsburg

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

McAlester

Public

Schools

Project,

Series

2021

4.000

12/01/31

268,447

380,000

Pittsburg

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

McAlester

Public

Schools

Project,

Series

2021

4.000

12/01/32

393,820

545,000

Pontotoc

County

Educational

Facilities

Authority,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Ada

Public

Schools

Project,

Series

2021

4.000

09/01/26

546,790

1,290,000

Pontotoc

County

Educational

Facilities

Authority,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Ada

Public

Schools

Project,

Series

2021

4.000

09/01/28

1,314,159

770,000

Rogers

County

Industrial

Development

Authority,

Oklahoma,

Capital

Improvement

Revenue

Bonds,

Refunding

Series

2017

4.000

04/01/26

770,000

715,000

Rogers

County

Industrial

Development

Authority,

Oklahoma,

Capital

Improvement

Revenue

Bonds,

Refunding

Series

2017

4.000

04/01/27

715,152

400,000

Sand

Springs

Municipal

Authority,

Oklahoma,

Utility

System

Revenue

Bonds,

Refunding

Series

2020

3.000

11/01/31

394,201

500,000

Sand

Springs

Municipal

Authority,

Oklahoma,

Utility

System

Revenue

Bonds,

Refunding

Series

2020

3.000

11/01/32

484,520

530,000

Sand

Springs

Municipal

Authority,

Oklahoma,

Utility

System

Revenue

Bonds,

Refunding

Series

2020

3.000

11/01/33

508,034

1,990,000

Stephens

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Marlow

Public

Schools

Project,

Series

2022

5.000

09/01/34

2,147,480

1,075,000

Stephens

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Marlow

Public

Schools

Project,

Series

2022

5.000

09/01/35

1,150,200

8,750,000

Tulsa

County

Independent

School

District

001

Tulsa,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2024A

0.050

04/01/26

8,750,000

10,000,000

Tulsa

County

Independent

School

District

4,

Tulsa

County,

Oklahoma,

Combined

Purpose

Bixby

Series

2024

4.000

07/01/26

10,031,213

10,740,000

Tulsa

County

Industrial

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Broken

Arrow

Public

Schools

Project,

Series

2019A

5.000

09/01/28

11,293,891

1,475,000

Wagoner

County

School

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Wagoner

Public

Schools

Project,

Series

2019

4.000

09/01/27

1,493,376

300,000

Wagoner

County

School

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Wagoner

Public

Schools

Project,

Series

2019

4.000

09/01/28

305,759

530,000

Washington

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Caney

Valley

Public

Schools

Project,

Series

2021

3.000

09/01/27

527,878

490,000

Washington

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Caney

Valley

Public

Schools

Project,

Series

2021

3.000

09/01/29

479,959

1,850,000

Washington

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Caney

Valley

Public

Schools

Project,

Series

2021

3.000

09/01/31

1,768,068

1,760,000

Weatherford

Industrial

Trust

Educational,

Oklahoma,

Facilities

Lease

Revenue

Bonds,

Weatherford

Public

Schools

Project,

Series

2019

5.000

03/01/27

1,790,244

TOTAL

OKLAHOMA

169,075,784

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

144

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OREGON

-

1.0%

$

1,085,000

Benton

and

Linn

Counties

District

School

District

509J

Corvallis,

Oregon,

General

Obligation

Bonds,

Series

2018A

5.000

%

06/15/26

$

1,090,544

1,000,000

Benton

and

Linn

Counties

District

School

District

509J

Corvallis,

Oregon,

General

Obligation

Bonds,

Series

2018A

5.000

06/15/27

1,029,620

2,390,000

Clackamas

County

School

District

12,

North

Clackamas,

Oregon,

General

Obligation

Bonds,

Series

2017B

5.000

06/15/27

2,459,349

2,105,000

Clackamas

County

School

District

12,

North

Clackamas,

Oregon,

General

Obligation

Bonds,

Series

2017B

5.000

06/15/28

2,165,772

1,000,000

Mount

Hood

Community

College

District,

Oregon,

General

Obligation

Bonds,

Series

2025

5.000

06/15/30

1,091,019

1,250,000

Mount

Hood

Community

College

District,

Oregon,

General

Obligation

Bonds,

Series

2025

5.000

06/15/31

1,382,609

3,040,000

Mount

Hood

Community

College

District,

Oregon,

General

Obligation

Bonds,

Series

2025

5.000

06/15/32

3,404,369

11,585,000

(a)

Oregon

Health

and

Science

University,

Revenue

Bonds,

Exchange

Series

2021C,

(Mandatory

Put

2/01/29)

4.000

07/01/42

11,865,091

7,545,000

Oregon

Housing

and

Community

Services

Department,

Single

Family

Mortgage

Program

Revenue

Bonds,

Series

2021A

2.050

07/01/36

6,108,160

1,130,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5.000

11/15/29

1,222,699

8,000,000

(c)

Port

of

Morrow,

Morrow

County

Oregon,

Full

Faith

and

Credit

Obligations,

Series

2024A

5.150

10/01/26

7,999,709

2,770,000

Portland,

Oregon,

Water

System

Revenue

Bonds,

Refunding

Second

Lien

Series

2024A

5.000

05/01/28

2,910,158

1,000,000

Salem-Keizer

School

District

24J,

Marion

and

Polk

Counties,

Oregon,

General

Obligation

Bonds,

Series

2009B

0.000

06/15/27

966,602

TOTAL

OREGON

43,695,701

PENNSYLVANIA

-

3.9%

2,055,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A

5.000

04/01/26

2,055,000

4,435,000

Allegheny

County

Hospital

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Allegheny

Health

Network

Obligated

Group

Issue,

Series

2018A

5.000

04/01/27

4,518,558

1,513,000

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Series

2024A-2

6.000

06/30/34

1,613,076

16,283,000

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Series

2024A-3

5.000

06/30/39

15,332,758

8,137,000

(e)

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Series

2024B-1

0.000

06/30/44

6,005,798

1,575,000

Berks

County

Municipal

Authority,

Pennsylvania,

Revenue

Bonds,

Tower

Health

Project,

Taxable

Series

2024A-1

8.000

06/30/34

1,608,225

3,775,000

(a)

Clarion

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Pennsylvania-American

Water

Company

Project,

Refunding

Series

2019,

(AMT),

(Mandatory

Put

12/03/29)

2.450

12/01/39

3,484,901

5,230,000

Lehigh

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Bonds,

Pennsylvania

Power

and

Light

Company,

Series

2016B

2.625

02/15/27

5,230,991

4,565,000

Lower

Merion

School

District,

Montgomery

County,

Pennsylvania,

General

Obligation

Bonds,

Series

2019

4.000

11/15/30

4,659,536

8,065,000

(a)

Luzerne

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Pennsylvania-American

Water

Company

Project,

Refunding

Series

2019,

(AMT),

(Mandatory

Put

12/03/29)

2.450

12/01/39

7,585,296

3,625,000

(a)

Montgomery

County

Industrial

Development

Authority,

Pennsylvania,

Facilities

Revenue

Bonds,

Constellation

Energy

Generation

LLC

Project,

Refunding

Series

2023A,

(Mandatory

Put

4/03/28)

4.100

04/01/53

3,701,889

1,000,000

North

Allegheny

School

District,

Allegheny

County,

Pennsylvania,

General

Obligation

Bonds,

Series

2025

5.000

05/01/30

1,088,956

145

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

504,166

(f)

Northampton

County

Industrial

Development

Authority,

Pennsylvania,

Recovery

Revenue

Bonds,

Northampton

Generating

Project,

Senior

Lien

Series

2013A0

&

AE2

2.200

%

06/30/27

$

221,833

277,700

(f)

Northampton

County

Industrial

Development

Authority,

Pennsylvania,

Recovery

Revenue

Bonds,

Northampton

Generating

Project,

Senior

Lien

Taxable

Series

2013B,

(cash

5.000%,

PIK

5.000%)

0.900

06/30/27

49,986

1,500,000

(a)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc

Project,

Series

2019B-1,

(AMT),

(Mandatory

Put

4/15/26)

3.250

04/01/49

1,499,886

1,000,000

(a)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc

Project,

Series

2019B-2,

(AMT),

(Mandatory

Put

7/15/26)

3.250

04/01/49

1,000,060

15,000,000

(a)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Project,

Refunding

Series

2021B,

(AMT),

(Mandatory

Put

11/02/26)

1.100

06/01/31

14,801,718

3,750,000

(a)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Project,

Series

2009,

(Mandatory

Put

12/01/26)

0.950

12/01/33

3,688,956

1,270,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2017-122

3.250

10/01/28

1,269,991

1,845,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2017-123B

3.450

10/01/32

1,823,338

6,220,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2017-124B

3.200

10/01/32

6,164,270

3,390,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2017-125A,

(AMT)

3.000

04/01/27

3,389,588

3,345,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2017-125A,

(AMT)

3.050

10/01/27

3,345,488

8,730,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2017-125A,

(AMT)

3.400

10/01/32

8,464,627

1,035,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-128A,

(AMT)

3.650

10/01/32

1,017,087

2,555,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-129

2.950

10/01/34

2,359,749

8,070,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2019-130A

2.500

10/01/34

7,023,078

4,850,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Series

2020-132A

2.300

10/01/35

4,049,084

10,010,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2021-137

2.250

10/01/36

8,125,812

3,620,000

Pennsylvania

Housing

Finance

Agency,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2024-145A

3.950

04/01/35

3,603,063

9,000,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Refunding

Series

2023

5.000

09/01/27

9,314,535

5,000,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Refunding

Series

2025A

5.000

08/15/29

5,382,736

8,250,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Refunding

Series

2025A

5.000

08/15/33

9,324,294

5,000,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Series

2024

5.000

08/15/30

5,466,987

6,000,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Series

2026

5.000

04/01/28

6,283,966

4,420,000

Pennsylvania

Turnpike

Commission,

Turnpike

Revenue

Bonds,

Refunding

Subordinate

Second

Series

2016B-2

5.000

06/01/29

4,435,717

850,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Saint

Joseph's

University

Project,

Refunding

Series

2020C.

Forward

Delivery

5.000

11/01/26

859,271

1,000,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Saint

Joseph's

University

Project,

Refunding

Series

2020C.

Forward

Delivery

5.000

11/01/27

1,030,410

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

146

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

1,000,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Saint

Joseph's

University

Project,

Refunding

Series

2020C.

Forward

Delivery

5.000

%

11/01/28

$

1,045,888

1,000,000

Philadelphia

Authority

for

Industrial

Development,

Pennsylvania,

Revenue

Bonds,

Saint

Joseph's

University

Project,

Refunding

Series

2020C.

Forward

Delivery

5.000

11/01/29

1,058,792

3,100,000

Philadelphia,

Pennsylvania,

Airport

Revenue

Bonds,

Refunding

Series

2025B,

(AMT)

5.000

07/01/29

3,288,115

380,000

Scranton-Lackawanna

Health

and

Welfare

Authority,

Pennsylvania,

University

Revenue

Bonds,

Marywood

University,

Series

2016

3.375

06/01/26

378,675

1,200,000

Westmoreland

County

Industrial

Development

Authority,

Pennsylvania,

Revenue

Bonds,

Excela

Health

Project,

Series

2020A

5.000

07/01/27

1,221,193

TOTAL

PENNSYLVANIA

177,873,177

PUERTO

RICO

-

2.9%

2,500,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Forward

Delivery

Series

2022A

5.000

07/01/33

2,626,054

3,700,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A

5.000

07/01/30

3,904,295

2,500,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2020A

5.000

07/01/35

2,583,605

935,000

(c)

Puerto

Rico

Aqueduct

and

Sewerage

Authority,

Revenue

Bonds,

Refunding

Senior

Lien

Series

2021B

5.000

07/01/33

977,581

3,285,000

(b)

Puerto

Rico

Industrial,

Tourist,

Educational,

Medical

and

Environmental

Control

Facilities

Financing

Authority,

Hospital

Revenue

Bonds,

Hospital

de

la

Concepcion,

Series

2017A,

(Pre-

refunded

11/15/26)

3.550

11/15/30

3,304,188

19,395,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0.000

07/01/27

18,651,582

35,362,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0.000

07/01/29

31,804,551

30,188,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0.000

07/01/31

25,131,045

9,642,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0.000

07/01/33

7,424,407

436,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

4.500

07/01/34

435,996

5,731,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Taxable

Restructured

Cofina

Project

Series

2019A-2

4.329

07/01/40

5,654,486

15,937,053

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5.625

07/01/27

16,246,455

11,448,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5.625

07/01/29

12,091,426

1,860,601

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5.750

07/01/31

2,032,351

1,520,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

0.000

07/01/33

1,104,817

791,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

4.000

07/01/33

790,093

TOTAL

PUERTO

RICO

134,762,932

RHODE

ISLAND

-

0.7%

3,440,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2019

Series

70

2.800

10/01/34

3,111,567

14,005,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2021

Series

75A

2.050

10/01/36

11,257,496

9,795,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

2022

Series

76A

2.350

10/01/36

8,079,055

3,070,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bonds,

Series

73-A

2.100

10/01/35

2,499,141

5,000,000

Rhode

Island

Housing

&

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bonds,

Series

74

2.125

10/01/36

4,013,170

147

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

RHODE

ISLAND

(continued)

$

1,230,000

Rhode

Island

Housing

and

Mortgage

Finance

Corporation,

Homeownership

Opportunity

Bond

Program,

Series

2020-72A

2.300

%

10/01/35

$

1,026,881

2,915,000

Rhode

Island

Tobacco

Settlement

Financing

Corporation,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2015B

4.500

06/01/45

2,834,525

TOTAL

RHODE

ISLAND

32,821,835

SOUTH

CAROLINA

-

0.7%

455,000

Lexington

County

Health

Services

District,

Inc.,

South

Carolina,

Hospital

Revenue

Bonds,

Refunding

Series

2017

5.000

11/01/26

460,677

6,000,000

(a)

Patriots

Energy

Group

Financing

Agency,

South

Carolina,

Gas

Supply

Revenue

Bonds,

Series

2023A-1,

(Mandatory

Put

8/01/31)

5.250

10/01/54

6,454,472

3,985,000

South

Carolina

Association

of

Governmental

Organizations,

Educational

Facilities

Corporation

for

Pickens

School

District,

Installment

Purchase

Revenue

Bonds,

Pickens

County,

Refunding

Series

2025

5.000

12/01/29

4,299,787

1,140,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2019B

2.650

07/01/34

1,026,570

2,830,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2020B

2.000

07/01/35

2,355,070

6,105,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2021A

1.850

07/01/36

4,864,715

600,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2023A

4.450

07/01/38

610,934

2,805,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2024B

4.000

07/01/39

2,757,773

3,860,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2025C

6.250

01/01/56

4,336,461

2,800,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2026A

6.000

07/01/56

3,115,877

TOTAL

SOUTH

CAROLINA

30,282,336

SOUTH

DAKOTA

-

0.5%

925,000

South

Dakota

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Vocational

Education

Program,

Refunding

Series

2026

5.000

08/01/30

1,004,878

3,060,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2021A

1.900

11/01/36

2,422,389

5,000,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2021B

1.850

11/01/36

3,944,157

7,310,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2022B

2.300

11/01/37

5,885,233

1,225,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2022C

4.125

11/01/37

1,226,014

2,275,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2024C

4.000

11/01/37

2,244,283

2,755,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2025E

6.250

05/01/56

3,114,941

2,030,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2026A

6.000

11/01/56

2,277,569

TOTAL

SOUTH

DAKOTA

22,119,464

TENNESSEE

-

1.1%

3,650,000

Hamilton

County,

Tennessee,

General

Obligation

Bonds,

Refunding

Series

2024B

5.000

05/01/30

3,986,512

2,335,000

Knox

County

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Hospital

Revenue

Bonds,

East

Tennessee

Children's

Hospital,

Series

2019

5.000

11/15/32

2,444,376

2,810,000

Knox

County

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Hospital

Revenue

Bonds,

East

Tennessee

Children's

Hospital,

Series

2019

5.000

11/15/33

2,926,538

800,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2022B,

(AMT)

5.000

07/01/26

803,742

700,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2022B,

(AMT)

5.000

07/01/27

717,638

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

148

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TENNESSEE

(continued)

$

2,000,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2026B,

(AMT)

5.000

%

07/01/31

$

2,174,849

2,655,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2026B,

(AMT)

5.000

07/01/32

2,904,686

10,800,000

(a)

Tennergy

Corporation,

Tennessee,

Gas

Revenue

Bonds,

Series

2021A,

(Mandatory

Put

9/01/28)

4.000

12/01/51

10,908,690

1,640,000

(a)

Tennergy

Corporation,

Tennessee,

Gas

Revenue

Bonds,

Series

2022A,

(Mandatory

Put

12/01/30)

5.500

10/01/53

1,744,066

2,305,000

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2026A

5.000

11/01/34

2,461,485

840,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2015-1C

3.850

07/01/32

840,121

2,900,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2019-1

3.400

07/01/34

2,852,131

3,050,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2019-2

2.800

07/01/34

2,771,082

605,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2020-3A

2.100

07/01/35

496,074

1,800,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2021-1

2.050

07/01/36

1,458,775

2,285,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2021-2

2.000

07/01/37

1,773,074

3,345,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2021-3

2.050

07/01/36

2,707,992

900,000

Tennessee

Housing

Development

Agency,

Residential

Finance

Program

Bonds,

Series

2022-2

4.050

07/01/37

893,873

3,250,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Project

Revenue

Bonds,

Refunding

Series

2025A

5.000

12/01/35

3,444,059

2,000,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006B

5.625

09/01/26

2,014,075

TOTAL

TENNESSEE

50,323,838

TEXAS

-

10.9%

1,445,000

Arlington,

Texas,

Water

and

Wastewater

System

Revenue

Bonds,

Refunding

Improvement  Series

2024

5.000

06/01/26

1,451,105

1,290,000

Austin

Convention

Enterprises

Inc.,

Texas,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

First

Tier

Series

2017A

5.000

01/01/27

1,298,511

1,920,000

Austin

Convention

Enterprises

Inc.,

Texas,

Convention

Center

Hotel

Revenue

Bonds,

Refunding

First

Tier

Series

2017A

5.000

01/01/29

1,930,796

2,175,000

Austin,

Texas,

Airport

System

Revenue

Bonds,

Refunding

Series

2025,

(AMT)

5.000

11/15/29

2,318,496

5,365,000

Austin,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

09/01/29

5,771,127

2,315,000

Austin,

Texas,

General

Obligation

Bonds,

Refunding

&

Public

Improvement

Series

2023

5.000

09/01/27

2,396,562

1,050,000

Austin,

Texas,

Water

and

Wastewater

System

Revenue

Bonds,

Refunding

Forward

Delivery

Series

2023

5.000

11/15/26

1,066,109

12,015,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2024B

5.000

08/15/29

12,950,842

6,950,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2025A

5.000

08/15/28

7,345,001

13,415,000

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Anticipation

Notes

Subordinate

Lien

Series

2021C

5.000

01/01/27

13,497,312

10,410,000

Clear

Creek

Independent

School

District,

Galveston

and

Harris

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

School

Building

Series

2025

5.000

02/15/33

11,727,828

5,000,000

Clear

Creek

Independent

School

District,

Galveston

and

Harris

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

School

Building

Series

2025

5.000

02/15/34

5,669,435

2,500,000

Collin

County,

Texas,

General

Obligation

Bonds,

Refunding

Limited

Tax

Permanent

Improvement,

Tax

Notes

Series

2025

5.000

02/15/30

2,699,407

3,830,000

Collin

County,

Texas,

General

Obligation

Bonds,

Refunding

Limited

Tax

Permanent

Improvement,

Tax

Notes

Series

2025

5.000

02/15/31

4,194,063

5,000,000

Conroe

Independent

School

District,

Montgomery

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

02/15/30

5,425,928

149

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

2,480,000

Corpus

Christi,

Texas,

General

Obligation

Bonds,

General

Improvement

Refunding

Series

2025C

5.000

%

03/01/30

$

2,673,896

2,455,000

Corpus

Christi,

Texas,

General

Obligation

Bonds,

General

Improvement

Refunding

Series

2025C

5.000

03/01/31

2,678,236

2,595,000

Corpus

Christi,

Texas,

General

Obligation

Bonds,

General

Improvement

Refunding

Series

2025C

5.000

03/01/32

2,861,444

6,885,000

Cypress-Fairbanks

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

02/15/29

7,356,994

6,810,000

Dallas

Fort

Worth

International

Airport,

Texas,

Joint

Revenue

Bonds

Refunding

Series

2023C,

(AMT)

5.000

11/01/27

7,025,633

3,000,000

Dallas

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026A

5.000

02/15/32

3,344,963

3,000,000

Denton

County,

Texas,

General

Obligation

Bonds,

Refunding

Permanent

Improvement

Series

2025

5.000

07/15/30

3,269,191

9,980,000

Denton,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

02/15/30

10,787,462

6,725,000

Fort

Bend

County,

Texas,

Certificates

of

Obligation,

Series

2025

5.000

03/01/30

7,258,555

3,525,000

Fort

Bend

County,

Texas,

General

Obligation

Bonds,

Tax

Road

Series

2024

5.000

03/01/28

3,683,091

2,595,000

Fort

Worth,

Texas,

General

Obligation

Bonds,

General

Purpose

Series

2025

5.000

03/01/31

2,850,888

1,295,000

Fort

Worth,

Texas,

General

Obligation

Bonds,

Tax

Notes

Series

2025

5.000

03/01/30

1,402,243

3,005,000

Fort

Worth,

Texas,

General

Obligation

Bonds,

Tax

Notes

Series

2025

5.000

03/01/30

3,253,853

3,665,000

Frisco

Independent

School

District,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025A

5.000

02/15/30

3,977,206

8,000,000

Frisco

Independent

School

District,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025B

5.000

02/15/31

8,795,583

5,105,000

Frisco,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2025

5.000

02/15/27

5,216,026

5,450,000

Frisco,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2025

5.000

02/15/28

5,686,910

5,780,000

Frisco,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2025

5.000

02/15/29

6,143,230

9,570,000

Grand

Prairie

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2015

4.000

02/15/32

9,575,415

1,640,000

Greenville

Independent

School

District,

Hunt

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5.000

02/15/27

1,675,238

5,185,000

(a)

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Refunding

Series

2020C-3,

(Mandatory

Put

12/01/26)

5.000

06/01/32

5,258,380

10,305,000

(a)

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Series

2019B-3,

(Mandatory

Put

12/01/26)

5.000

07/01/49

10,450,840

3,240,000

(a)

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Series

2022B,

(Mandatory

Put

12/01/28)

5.000

06/01/50

3,397,522

8,310,000

(a)

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Series

2024C,

(Mandatory

Put

7/01/29)

5.000

07/01/54

8,793,925

5,855,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Medical

Center,

Refunding

Series

2026

5.000

12/01/29

6,321,093

4,530,000

Harris

County

Flood

Control

District,

Texas,

Contract

Tax

Bonds,

Refunding

Series

2025A

5.000

09/15/29

4,857,480

5,680,000

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Road

Series

2025A

5.000

09/15/29

6,115,872

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

150

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

6,570,000

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Road

Series

2025A

5.000

%

09/15/30

$

7,185,986

2,550,000

Harris

County,

Texas,

Road

Revenue

Bonds,

Refunding,

Series

2024A

5.000

09/15/27

2,641,878

2,505,000

Harris

County,

Texas,

Road

Revenue

Bonds,

Refunding,

Series

2024A

5.000

09/15/28

2,647,889

1,710,000

Harris

County,

Texas,

Toll

Road

Revenue

Bonds,

Refunding

First

Lien

Series

2024A

5.000

08/15/26

1,725,605

2,535,000

Harris

County,

Texas,

Toll

Road

Revenue

Bonds,

Refunding

First

Lien

Series

2024A

5.000

08/15/27

2,618,789

4,230,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5.250

07/15/33

4,446,804

1,000,000

Houston,

Texas,

Airport

System

Special

Facilities

Revenue

Bonds,

United

Airlines,

Inc.

Terminal

Improvements

Project,

Series

2024B,

(AMT)

5.250

07/15/34

1,049,307

3,000,000

Houston,

Texas,

Combined

Utility

System

Revenue

Bonds,

Combined

First

Lien

Series

2024A

5.000

11/15/26

3,045,466

7,080,000

Houston,

Texas,

General

Obligation

Bonds,

Public

Improvement

Refunding

Series

2025

5.000

03/01/29

7,529,127

6,000,000

Houston,

Texas,

General

Obligation

Bonds,

Public

Improvement

Refunding

Series

2025

5.000

03/01/30

6,482,973

9,040,000

Houston,

Texas,

General

Obligation

Bonds,

Refunding

Public

Improvement

Series

2016A

5.000

03/01/27

9,057,777

3,180,000

Irving

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2023

5.000

02/15/36

3,483,307

3,420,000

Irving

Independent

School

District,

Dallas

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2023

5.000

02/15/37

3,720,134

5,055,000

Irving,

Dallas

County,

Texas,

General

Obligation

Bonds,

Series

2024

5.000

09/15/28

5,330,991

6,055,000

Irving,

Dallas

County,

Texas,

General

Obligation

Bonds,

Series

2024

5.000

09/15/29

6,498,925

1,255,000

Leander,

Texas,

Certificates

of

Obligation,

Combination

Tax

&

Revenue

Series

2025

5.000

08/15/29

1,345,209

1,000,000

Leander,

Texas,

Certificates

of

Obligation,

Combination

Tax

&

Revenue

Series

2025

5.000

08/15/30

1,088,080

1,300,000

Lower

Colorado

River

Authority,

Texas,

Revenue

Bonds,

Refunding

Series

2023A

5.000

05/15/26

1,303,783

7,250,000

Matagorda

County

Navigation

District

1,

Texas,

Pollution

Control

Revenue

Bonds,

Central

Power

&

Light

Company

Project,

Refunding

Series

1996,

(AMT)

4.250

05/01/30

7,425,261

1,880,000

(c)

Mission

Economic

Development

Corporation,

Texas,

Revenue

Bonds,

Natgasoline

Project,

Senior

Lien

Series

2018,

(AMT)

4.625

10/01/31

1,882,308

750,000

(a)

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Graphic

Packaging

International,

LLC

Project,

Green

Series

2025,

(AMT),

(Mandatory

Put

6/01/30)

5.000

12/01/64

778,154

1,840,000

(a)

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.

Project,

Adjustable

Rate

Series

2020A,

(AMT),

(Mandatory

Put

5/01/26)

3.000

05/01/50

1,839,833

3,750,000

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.

Project,

Series

2023A,

(AMT),

(Mandatory

Put

7/01/27)

4.250

06/01/48

3,780,817

5,140,000

North

East

Independent

School

District,

Bexar

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

08/01/30

5,612,355

5,430,000

North

Texas

Municipal

Water

District,

Texas,

Regional

Wastewater

Revenue

Bonds,

Improvement

and

Refunding

Series

2025

5.000

06/01/31

5,993,347

7,375,000

North

Texas

Municipal

Water

District,

Water

System

Revenue

Bonds,

Refunding

&

Improvement

Series

2025

5.000

09/01/29

7,923,288

3,570,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier

Series

2023A

5.000

01/01/27

3,633,915

4,930,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier

Series

2025A

5.000

01/01/30

5,324,588

151

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

5,000,000

Pasadena

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2015A

4.000

%

02/15/32

$

5,002,829

4,255,000

Pearland

Independent

School

District,

Brazoria

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5.000

02/15/31

4,684,263

8,730,000

Plano

Independent

School

District,

Collin

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2025

5.000

02/15/28

9,132,354

7,000,000

Red

River

Education

Finance

Corporation,

Texas,

Higher

Education

Revenue

Bonds,

Texas

Christian

University

Project,

Refunding

&

Improvement

Series

2024

5.000

03/15/35

7,928,549

1,750,000

San

Antonio,

Texas,

Combination

Tax

and

Revenue

Certificates

of

Obligation,

Series

2024

5.000

02/01/30

1,892,501

1,750,000

San

Antonio,

Texas,

Combination

Tax

and

Revenue

Certificates

of

Obligation,

Taxable

Series

2024

5.000

02/01/32

1,941,812

2,150,000

San

Antonio,

Texas,

Water

System

Revenue

Bonds,

Refunding

Junior

Lien

Series

2025C

5.000

05/15/30

2,337,915

5,000,000

Spring

Branch

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5.000

02/01/28

5,224,000

5,000,000

Spring

Branch

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5.000

02/01/29

5,330,088

8,955,000

(a),(b)

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Scott

&

White

Healthcare

Project,

Series

2022E,

(Pre-refunded

5/15/26),

(Mandatory

Put

5/15/26)

5.000

11/15/52

8,979,618

2,320,000

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Scott

&

White

Healthcare

Project,

Series

2026E

5.000

11/15/28

2,457,294

3,195,000

(a)

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Scott

&

White

Healthcare

Project,

Series

2026F,

(Mandatory

Put

5/01/30)

5.000

11/15/55

3,424,205

7,610,000

(a)

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Health

Resources

System,

Series

2025B,

(Mandatory

Put

11/15/29)

5.000

11/15/64

8,135,280

2,920,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2026A

6.000

01/01/57

3,252,247

2,475,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Series

2019A

3.500

07/01/34

2,451,651

4,645,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Series

2024C

4.100

01/01/39

4,619,968

3,405,000

Texas

Department

of

Housing

and

Community

Affairs,

Single

Family

Mortgage

Revenue

Bonds,

Series

2021A

1.850

09/01/36

2,699,633

4,000,000

(a)

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

IV,

Gas

Supply

Revenue

Bonds,

Series

2023A,

(Mandatory

Put

1/01/30)

5.500

01/01/54

4,223,756

15,040,000

(a)

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

IV,

Gas

Supply

Revenue

Bonds,

Series

2023B,

(Mandatory

Put

1/01/34)

5.500

01/01/54

16,430,081

5,665,000

(a)

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

V,

Texas,

Gas

Supply

Revenue

Bonds,

Series

2024,

(Mandatory

Put

1/01/34)

5.000

01/01/55

6,021,799

4,000,000

Texas

Private

Activity

Bond

Surface

Transpiration

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

3

LLC

Refunding

Series

2023,

(AMT)

5.000

12/31/33

4,217,825

2,900,000

Texas

Private

Activity

Bond

Surface

Transpiration

Corporation,

Senior

Lien

Revenue

Bonds,

NTE

Mobility

Partners

Segments

3

LLC

Refunding

Series

2023,

(AMT)

5.000

06/30/34

3,055,012

3,025,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4.000

12/31/30

3,087,746

4,070,000

Texas

Private

Activity

Bond

Surface

Transportation

Corporation,

Senior

Lien

Revenue

Bonds,

LBJ

Infrastructure

Group

LLC

IH-

635

Managed

Lanes

Project,

Refunding  Series

2020A

4.000

06/30/31

4,147,796

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

152

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

5,000,000

Texas

State

Transportation

Commission,

General

Obligation

Bonds,

Mobility

Fund

Refunding

Series

2025

5.000

%

10/01/31

$

5,547,972

3,155,000

Texas

State

University

System,

Financing

Revenue

Bonds,

Refunding

Series

2024

5.000

03/15/27

3,228,019

7,500,000

Texas

State,

General

Obligation

Bonds,

Texas

Transportation

Commission,

Mobility

Fund

Refunding

Series

2024

5.000

10/01/31

8,297,885

5,315,000

Texas

Transportation

Commission,

Central

Texas

Turnpike

System

Revenue

Bonds,

Refunding

Second

Tier

Series

2024C

5.000

08/15/31

5,826,580

4,355,000

Texas

Transportation

Commission,

General

Obligation

Bonds,

Highway

Improvement

Refunding

Series

2024

5.000

04/01/28

4,568,072

12,710,000

Texas

Water

Development

Board,

State

Water

Implementation

Revenue

Fund

Bonds,

Master

Trust

Series

2025

5.000

04/15/30

13,841,062

TOTAL

TEXAS

501,837,399

UTAH

-

0.8%

1,000,000

Alpine

School

District

Local

Building

Authority,

Utah

County,

Utah,

Lease

Revenue

Bonds,

Series

2025

5.000

03/15/30

1,087,897

1,100,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5.000

07/01/26

1,106,091

1,215,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5.000

07/01/27

1,245,614

1,100,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5.000

07/01/28

1,147,969

1,635,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5.000

07/01/29

1,733,695

1,470,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2023A,

(AMT)

5.000

07/01/30

1,577,394

2,000,000

Salt

Lake

City,

Utah,

Airport

Revenue

Bonds,

International

Airport

Series

2025A,

(AMT)

5.000

07/01/28

2,087,217

5,210,000

(a)

Utah

County,

Utah,

Hospital

Revenue

Bonds,

IHC

Health

Services

Inc.,

Series

2020B-2,

(Mandatory

Put

8/01/26)

5.000

05/15/60

5,245,258

3,610,000

Utah

Housing

Corporation,

Single

Family

Mortgage

Bonds,

Series

2024E

4.050

07/01/39

3,572,871

700,000

Utah

Telecommunication

Open

Infrastructure

Agency,

Utah,

Revenue

Bonds,

Refunding

Sales

Tax

and

Telecommunication

Series

2022

5.000

06/01/26

702,424

1,515,000

Utah

Transit

Authority,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2024

5.000

06/15/30

1,656,049

1,125,000

Utah

Transit

Authority,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2024

5.000

06/15/31

1,247,225

1,375,000

Utah

Transit

Authority,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2024

5.000

06/15/32

1,543,127

6,600,000

Utah

Transit

Authority,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025

5.000

12/15/28

7,021,362

3,190,000

Utah

Transit

Authority,

Sales

Tax

Revenue

Bonds,

Refunding

Subordinate

Series

2024

5.000

06/15/30

3,483,006

TOTAL

UTAH

34,457,199

VERMONT

-

0.2%

1,155,000

Vermont

Housing

Finance

Agency,

Multiple

Purpose

Bonds,

Series

2021A

2.200

11/01/36

928,971

2,915,000

Vermont

Housing

Finance

Agency,

Multiple

Purpose

Bonds,

Social

Series

2024C

4.125

11/01/39

2,886,206

1,715,000

Vermont

State,

General

Obligation

Bonds,

Vermont

Citizen

Series

2025A

5.000

08/15/29

1,850,309

1,000,000

Vermont

State,

General

Obligation

Bonds,

Vermont

Citizen

Series

2025A

5.000

08/15/30

1,097,726

1,420,000

Vermont

State,

General

Obligation

Bonds,

Vermont

Citizen

Series

2025A

5.000

08/15/31

1,582,579

TOTAL

VERMONT

8,345,791

153

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

VIRGINIA

-

1.4%

$

4,525,000

Charles

City

County

Industrial

Development

Authority,

Virginia,

Solid

Waste

Disposal

Facility

Revenue

Bonds,

Waste

Management,

Inc.,

Series

2002,

(AMT)

1.450

%

04/01/27

$

4,414,598

14,990,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

4.000

10/01/27

15,331,280

11,265,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

4.000

10/01/28

11,660,471

5,000,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

5.000

10/01/29

5,405,621

5,270,000

Hampton

Roads

Transportation

Accountability

Commission,

Virginia,

Revenue

Bonds,

Hampton

Roads

Transportation

Fund,

Intermediate

Lien

Bond

Anticipation

Notes

Series

2023A

5.000

07/01/27

5,427,739

7,530,000

Loudoun

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2019A

5.000

12/01/26

7,657,661

5,350,000

Loudoun

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2023A

5.000

12/01/35

5,965,008

1,800,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023E-3

4.000

10/01/39

1,764,364

2,720,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2023E-4

4.100

07/01/40

2,692,517

1,300,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2024H

3.625

06/01/29

1,300,746

2,000,000

Virginia

Small

Business

Financing

Authority,

Revenue

Bonds,

Elizabeth

River

Crossing

OPCO,

LLC

Project,

Refunding

Senior

Lien

Series

2022,

(AMT)

4.000

01/01/36

1,965,885

1,715,000

(a)

Wise

County

Industrial

Development

Authority,

Virginia,

Solid

Waste

and

Sewage

Disposal

Revenue

Bonds,

Virginia

Electric

and

Power

Company,

Series

2009A,

(Mandatory

Put

10/01/30)

3.125

10/01/40

1,704,693

TOTAL

VIRGINIA

65,290,583

WASHINGTON

-

2.2%

2,530,000

King

and

Snohomish

Counties

School

District

417

Northshore,

Washington,

General

Obligation

Bonds,

Refunding

Series

2025

5.000

12/01/30

2,774,867

2,500,000

King

County

School

District

414

Lake

Washington,

Washington,

General

Obligation

Bonds,

Series

2017

4.000

12/01/33

2,524,655

11,000,000

King

County,

Washington,

Sewer

Revenue

Bonds,

Refunding

Series

2025A

5.000

07/01/30

12,023,450

4,905,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2025B,

(AMT)

5.000

10/01/29

5,230,005

3,770,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Refunding

First

Lien

Series

2016B,

(AMT)

5.000

10/01/28

3,773,824

6,500,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Refunding

Intermediate

Lien

Series

2024B,

(AMT)

5.000

07/01/27

6,671,050

3,750,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Refunding

Intermediate

Lien

Series

2024B,

(AMT)

5.000

07/01/28

3,918,532

4,275,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Refunding

Intermediate

Lien

Series

2024B,

(AMT)

5.000

07/01/31

4,648,740

2,910,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Series

2018B

5.000

10/01/26

2,939,791

3,055,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Series

2018B

5.000

10/01/27

3,146,467

2,380,000

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

Providence

Saint

Joseph

Health,

Series

2018B

5.000

10/01/28

2,496,068

3,755,000

Washington

State

Housing

Finance

Commission,

Single

Family

Program

Bonds,

Series

2021-1N

2.000

12/01/36

2,982,448

1,500,000

Washington

State

Housing

Finance

Commission,

Single

Family

Program

Bonds,

Series

2021-2N

2.250

12/01/36

1,212,009

3,544,216

Washington

State

Housing

Finance

Commission,

Social

Municipal

Certificates

Multifamily

Revenue

Bonds,

Series

2021-

1

Class

A

3.500

12/20/35

3,398,276

6,880,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Related

Fees

Series

2026D

5.000

06/01/29

7,387,690

7,590,000

Washington

State,

General

Obligation

Bonds,

Motor

Vehicle

Fuel

Tax

&

Related

Fees

Series

2026D

5.000

06/01/31

8,402,226

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

154

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WASHINGTON

(continued)

$

2,700,000

Washington

State,

General

Obligation

Bonds,

Refunding

Motor

Vehicle

Fuel

Tax

Series

R-2025E

5.000

%

08/01/32

$

3,031,037

210,000

Washington

State,

General

Obligation

Bonds,

Refunding

Motor

Vehicle

Fuel

Tax,

Series

R-2020D

5.000

07/01/26

211,317

5,040,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025B

5.000

07/01/29

5,420,309

8,225,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose

Series

2026A

5.000

08/01/31

9,131,219

10,000,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose,

Refunding

Series

R-2026A

5.000

07/01/30

10,943,044

TOTAL

WASHINGTON

102,267,024

WEST

VIRGINIA

-

0.7%

865,000

Ohio

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

Fort

Henry

Economic

Opportunity

Development

District-the

Highlands

Project,

Refunding

&

Improvement

Series

2025A

5.000

06/01/29

913,957

2,515,000

(a)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Appalachian

Power

Company

-

Amos

Project,

Refunidng

Series

2015A,

(Mandatory

Put

6/15/28)

3.375

03/01/40

2,532,721

2,605,000

(a)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Appalachian

Power

Company

-

Amos

Project,

Series

2009B,

(Mandatory

Put

6/01/28)

3.700

12/01/42

2,647,839

1,000,000

(a),(c)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Core

Natural

Resources,

INC

Project,

AMT

Series

2025,

(AMT),

(Mandatory

Put

3/27/35)

5.450

01/01/55

1,087,213

9,555,000

(a)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Wheeling

Power

Company

-

Mitchell

Project,

Refunding

Series

2013A,

(AMT),

(Mandatory

Put

6/18/27)

3.000

06/01/37

9,490,789

2,120,000

West

Virginia

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Charleston

Area

Medical

Center,

Series

2014A

5.000

09/01/27

2,122,797

1,015,000

West

Virginia

Hospital

Finance

Authority,

Hospital

Revenue

Bonds,

Charleston

Area

Medical

Center,

Series

2014A

5.000

09/01/28

1,016,266

2,405,000

(a)

West

Virginia

Hospital

Finance

Authority,

Revenue

Bonds,

West

Virginia

University

Health

System

System

Obligated

Group,

Improvement

Series

2025B,

(Mandatory

Put

6/01/33)

5.000

06/01/55

2,598,362

7,750,000

(a)

West

Virginia

University,

Revenue

Bonds,

West

Virginia

University

Projects,

Refunding

Series

2019B,

(Mandatory

Put

10/01/29)

5.000

10/01/41

8,258,648

TOTAL

WEST

VIRGINIA

30,668,592

WISCONSIN

-

2.7%

2,750,000

Dane

County,

Wisconsin,

General

Obligation

Bonds,

Airport

Project

Promissory

Note

Series

2022D

5.000

06/01/29

2,909,052

2,460,000

Madison

Metropolitan

School

District,

Dane

County,

Wisconsin,

General

Obligation

Bonds,

School

Building

&

Facility

Improvement

Series

2023

4.000

03/01/36

2,504,638

6,435,000

Madison,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2023A

5.000

10/01/26

6,513,718

9,800,000

Madison,

Wisconsin,

Industrial

Development

Revenue

Refunding

Bonds,

Madison

Gas

and

Electric

Company

Projects,

Series

2020A

3.750

10/01/27

9,929,348

3,665,000

Milwaukee

Area

Technical

College

District,

Wisconsin,

General

Obligation

Promissory

Notes,

Series

2023-24C

5.000

06/01/26

3,679,554

8,885,000

(a)

Public

Finance

Authority

of

Wisconsin,

Pollution

Control

Revenue

Bonds,

Duke

Energy

Progress

Project,

Refunding

Series

2022A-2,

(Mandatory

Put

10/01/26)

3.300

10/01/46

8,894,950

12,510,000

(a)

Public

Finance

Authority

of

Wisconsin,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Refunding

Series

2016A-3,

(Mandatory

Put

6/01/26)

1.100

07/01/29

12,461,037

155

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN

(continued)

$

4,000,000

(a)

Public

Finance

Authority

of

Wisconsin,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Refunding

Series

2016A-4,

(Mandatory

Put

6/01/26)

1.100

%

04/01/33

$

3,984,389

2,250,000

Public

Finance

Authority,

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

Celanese

Project,

Refunding

Series

2016C

4.050

11/01/30

2,230,974

2,500,000

Public

Finance

Authority,

Wisconsin,

Exempt

Facilities

Revenue

Bonds,

Celanese

Project,

Refunding

Series

2016C

4.300

11/01/30

2,495,363

7,080,000

(a)

University

of

Wisconsin

Hospitals

and

Clinics

Authority,

Revenue

Bonds,

Sustainability

Series

2002B,

(Mandatory

Put

10/01/31)

5.000

04/01/54

7,687,293

3,830,000

Waushara

County,

Wisconsin

Note

Anticipation

Notes,

Series

2022A

4.500

06/01/27

3,834,023

4,015,000

(a)

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Advocate

Aurora

Health

Credit

Group,

Series

2018C-1,

(Mandatory

Put

7/29/26)

5.000

08/15/54

4,043,530

5,000,000

(a),(b)

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Marshfield

Clinic

Health

System,

Inc.,

Series

2020B-2,

(Pre-refunded

8/15/26),

(Mandatory

Put

2/15/27)

5.000

02/15/51

5,046,396

1,770,000

Wisconsin

Housing

and

Ecconomic

Development

Authority,

Home

Ownership

Revenue

Bonds,

Series

2019C

2.200

03/01/31

1,630,700

1,785,000

Wisconsin

Housing

and

Ecconomic

Development

Authority,

Home

Ownership

Revenue

Bonds,

Series

2019C

2.200

09/01/31

1,628,655

5,075,000

Wisconsin

Housing

and

Ecconomic

Development

Authority,

Home

Ownership

Revenue

Bonds,

Series

2019C

2.500

09/01/34

4,424,559

1,005,000

(a)

Wisconsin

Housing

and

Economic

Development

Authority,

Housing

Revenue

Bonds,

Series

2023B,

(Mandatory

Put

11/01/26)

3.750

05/01/54

1,005,462

695,000

(a)

Wisconsin

Housing

and

Economic

Development

Authority,

Housing

Revenue

Bonds,

Series

2023E,

(Mandatory

Put

5/01/27)

3.875

11/01/54

695,357

9,250,000

Wisconsin

State,

General

Obligation

Bonds,

Refunding

Series

2024-2

5.000

05/01/28

9,718,036

10,000,000

Wisconsin

State,

General

Obligation

Bonds,

Refunding

Series

2025-3

5.000

05/01/30

10,921,952

9,845,000

Wisconsin

State,

General

Obligation

Bonds,

Refunding

Series

2026-1

5.000

05/01/31

10,915,069

6,580,000

Wisconsin

State,

General

Obligation

Bonds,

Series

2025B

5.000

05/01/32

7,398,322

TOTAL

WISCONSIN

124,552,377

WYOMING

-

0.7%

20,555,000

Sweetwater

County,

Wyoming,

Pollution

Control

Revenue

Refunding

Bonds,

Idaho

Power

Company

Project,

Series

2006

1.700

07/15/26

20,438,198

2,510,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2019

Series

3

2.450

12/01/34

2,199,721

1,315,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2020

Series

1

2.625

12/01/35

1,156,769

2,575,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2020

Series

2

2.100

12/01/35

2,085,898

5,375,000

Wyoming

Community

Development

Authority,

Housing

Revenue

Bonds,

2021

Series

3

2.000

12/01/36

4,269,150

TOTAL

WYOMING

30,149,736

TOTAL

MUNICIPAL

BONDS

(Cost

$4,542,618,913)

4,444,068,019

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$4,542,618,913)

4,444,068,019

Portfolio

of

Investments

March

31,

2026

(continued)

Limited

Term

156

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

SHORT-TERM

INVESTMENTS

-

 0.3%

11,498,771

MUNICIPAL

BONDS

-

0.3%

11,498,771

FLORIDA

-

0.3%

$

11,500,000

City

of

Jacksonville

FL

2.360

%

05/06/26

$

11,498,771

TOTAL

FLORIDA

11,498,771

TOTAL

MUNICIPAL

BONDS

(Cost

$11,499,924)

11,498,771

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$11,499,924)

11,498,771

TOTAL

INVESTMENTS

-

96.8%

(Cost

$4,554,118,837

)

4,455,566,790

OTHER

ASSETS

&

LIABILITIES,

NET

-  3.2%

149,347,768

NET

ASSETS

-

100%

$

4,604,914,558

AMT

Alternative

Minimum

Tax

ETM

Escrowed

to

maturity

PIK

Payment-in-kind

(“PIK”)

security.  Depending

on

the

terms

of

the

security,

income

may

be

received

in

the

form

of

cash,

securities,

or

a

combination

of

both.  The

PIK

rate

shown,

where

applicable,

represents

the

annualized

rate

of

the

last

PIK

payment

made

by

the

issuer

as

of

the

end

of

the

reporting

period.

(a)

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

when

applicable.  For

mortgage-backed

or

asset-backed

securities

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(b)

Backed

by

an

escrow

or

trust

containing

sufficient

U.S.

Government

or

U.S.

Government

agency

securities,

which

ensure

the

timely

payment

of

principal

and

interest.

(c)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

fiscal

period,

the

aggregate

value

of

these

securities

is

$70,446,985

or

1.6%

of

Total

Investments.

(d)

When-issued

or

delayed

delivery

security.

(e)

Step-up

coupon

bond,

a

bond

with

a

coupon

that

increases

("steps

up"),

usually

at

regular

intervals,

while

the

bond

is

outstanding.

The

rate

shown

is

the

coupon

as

of

the

end

of

the

fiscal

period.

(f)

Defaulted

security.

A

security

whose

issuer

has

failed

to

fully

pay

principal

and/or

interest

when

due,

or

is

under

the

protection

of

bankruptcy.

157

Portfolio

of

Investments

March

31,

2026

Short

Term

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LONG-TERM

INVESTMENTS

-

100.0%

422421396

MUNICIPAL

BONDS

-

100

.0

%

422421396

ALABAMA

-

3.7%

$

2,000,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Prepay

BP

PLC,

Series

2024D

5

.000

%

11/01/27

$

2,049,269

500,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025A

5

.000

05/01/27

503,993

300,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025D

5

.000

08/01/27

306,622

1,000,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Project

Revenue

Bonds,

Series

2025D

5

.000

08/01/28

1,035,471

1,000,000

Black

Belt

Energy

Gas

District,

Alabama,

Gas

Supply

Revenue

Bonds,

Series

2023

Sub

B-1

5

.000

06/01/27

1,019,755

1,600,000

Energy

Southeast

Cooperative

District,

Alabama,

Energy

Supply

Revenue

Bonds,

Fixed

Rate

Series

2023B-1

5

.500

11/01/27

1,655,149

1,000,000

Energy

Southeast

Cooperative

District,

Alabama,

Energy

Supply

Revenue

Bonds,

Series

2025B

5

.000

03/01/28

1,020,736

1,000,000

Jefferson

County,

Alabama,

Sewer

Revenue

Warrants,

Series

2024

5

.000

10/01/27

1,032,096

670,000

(a)

Mobile

Industrial

Development

Board,

Alabama,

Pollution

Control

Revenue

Refunding

Bonds,

Alabama

Power

Company

Barry

Plan,

Series

2007A,

(Mandatory

Put

6/26/29)

3

.375

06/01/34

676,574

1,500,000

Southeast

Alabama

Gas

Supply

District,

Alabama,

Gas

Supply

Revenue

Bonds,

Project

1,

Refunding

Series

2024A

5

.000

04/01/28

1,545,808

1,500,000

Southeast

Energy

Authority,

Alabama,

A

Cooperative

District

Energy

Supply

Revenue

Bonds

Series

2024A

5

.000

11/01/27

1,529,048

1,270,000

Southeast

Energy

Authority,

Alabama,

Commodity

Supply

Revenue

Bonds,

Project

3,

Fixed

Rate

Series

2022A-1

5

.000

12/01/26

1,285,443

500,000

Southeast

Energy

Authority,

Alabama,

Energy

Supply

Revenue

Bonds,

Cooperative

District

Series

2025E

5

.000

10/01/27

513,339

300,000

Southeast

Energy

Authority,

Alabama,

Revenue

Bonds,

A

Cooperative

District

Energy

Supply

Series

2025D

5

.000

09/01/28

311,407

1,000,000

Southeast

Energy

Authority,

Alabama,

Revenue

Bonds,

Cooperative

District

Energy

Supply

Series

2025B

5

.000

01/01/28

1,012,436

TOTAL

ALABAMA

15,497,146

ALASKA

-

2.3%

815,000

Alaska

Housing

Finance

Corporation,

Collateralized

Mortgage

Bonds,

Veterans

Mortgage

Program,

2024

First

Series

3

.250

12/01/27

818,806

1,020,000

Alaska

Housing

Finance

Corporation,

General

Obligation

Bonds,

State

Capital

Project

II,

Series

2024A

5

.000

12/01/27

1,059,316

5,000,000

Alaska

Housing

Finance

Corporation,

General

Obligation

Bonds,

State

Capital

Project

II,

Series

2025A

5

.000

12/01/27

5,184,421

510,000

Alaska

Municipal

Bond

Bank,

General

Obligation

Bonds,

Refunding

Three

Series

2025

5

.000

10/01/29

550,131

1,110,000

Alaska

State,

General

Obligation

Bonds,

Refunding

Series

2024B

5

.000

08/01/27

1,146,267

1,000,000

North

Slope

Borough,

Alaska,

General

Obligation

Bonds,

Series

2024A

5

.000

06/30/29

1,071,844

TOTAL

ALASKA

9,830,785

ARIZONA

-

3.3%

650,000

(a)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2007,

(AMT),

(Mandatory

Put

6/15/28)

4

.100

12/01/37

657,553

425,000

(a)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2019,

(AMT),

(Mandatory

Put

6/01/29)

4

.000

06/01/49

430,556

1,920,000

(a)

Chandler

Industrial

Development

Authority,

Arizona,

Industrial

Development

Revenue

Bonds,

Intel

Corporation

Project,

Series

2022-2,

(AMT),

(Mandatory

Put

9/01/27)

5

.000

09/01/52

1,950,742

1,000,000

Chandler,

Arizona,

General

Obligation

Bonds,

Series

2026

5

.000

07/01/27

1,031,308

30,000

Kyrene

Elementary

School

District

28,

Maricopa

County,

Arizona,

School

Improvement

Bonds,

Project

2017,

Series

2023D

5

.000

07/01/26

30,185

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

158

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

ARIZONA

(continued)

$

510,000

Kyrene

Elementary

School

District

28,

Maricopa

County,

Arizona,

School

Improvement

Bonds,

Project

2017,

Series

2023D

5

.000

%

07/01/27

$

525,648

380,000

Kyrene

Elementary

School

District

28,

Maricopa

County,

Arizona,

School

Improvement

Bonds,

Project

2017,

Series

2023D

5

.000

07/01/28

400,477

6,015,000

(a)

Maricopa

County

Industrial

Development

Authority,

Arizona,

Revenue

Bonds,

Banner

Health,

Series

2019D,

(Mandatory

Put

5/15/26)

5

.000

01/01/46

6,030,555

1,165,000

Maricopa

County

Union

High

School

District

210

Phoenix,

Arizona,

General

Obligation

Bonds,

School

Improvement

&

Project

of

2023

Series

2025B

5

.000

07/01/28

1,228,303

450,000

Pinal

County,

Arizona,

Pledged

Revenue

Obligations,

Refunding

Series

2025

-

BAM

Insured

5

.000

08/01/28

474,558

1,000,000

Tempe,

Arizona,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

07/01/29

1,075,134

TOTAL

ARIZONA

13,835,019

CALIFORNIA

-

3.5%

2,400,000

Alta

Loma

School

District,

San

Bernardino,

California,

General

Obligation

Bonds,

1999

Election

Series

2002B

-

NPFG

Insured

0

.000

08/01/26

2,380,720

1,000,000

Brea

Olinda

Unified

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Election

1999

Series

2003A

-

NPFG

Insured

0

.000

08/01/26

991,639

1,000,000

Brea

Olinda

Unified

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Election

1999

Series

2003A

-

NPFG

Insured

0

.000

08/01/27

965,484

1,000,000

Brea

Olinda

Unified

School

District,

Orange

County,

California,

General

Obligation

Bonds,

Election

1999

Series

2003A

-

NPFG

Insured

0

.000

08/01/28

938,283

1,750,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2024B

5

.000

12/01/27

1,776,463

150,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025C

5

.000

10/01/28

155,117

500,000

California

Community

Choice

Financing

Authority,

Clean

Energy

Project

Revenue

Bonds,

Green

Series

2025D

5

.000

07/01/30

517,185

500,000

(a)

California

Municipal

Finance

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.

Project,

Series

2022A,

(AMT),

(Mandatory

Put

10/02/28)

3

.450

10/01/41

499,934

1,000,000

(a),(b)

California

Pollution

Control

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.,

Refunding

Series

2023,

(AMT),

(Mandatory

Put

8/17/26)

2

.875

07/01/43

998,699

2,000,000

California

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025

5

.000

08/01/28

2,113,340

2,070,000

Los

Angeles

Department

of

Airports,

California,

Revenue

Bonds,

Los

Angeles

International

Airport,

Refunding

Subordinate

Green

Series

2025A,

(AMT)

5

.000

05/15/29

2,197,848

1,000,000

San

Diego

County

Regional

Airport

Authority,

California,

Airport

Revenue

Bonds,

Senior

Series

2025B,

(AMT)

5

.000

07/01/29

1,065,794

TOTAL

CALIFORNIA

14,600,506

COLORADO

-

5.9%

333,000

(b)

Broadway

Park

North

Metropolitan

District

2,

Denver,

Colorado,

Limited

Tax

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2020

3

.375

12/01/26

329,938

100,000

Colorado

Educational

and

Cultural

Facilities

Authority,

Revenue

Bonds,

Aspen

View

Academy

Project,

Series

2021

4

.000

05/01/26

99,989

640,000

(a),(c)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

AdventHealth

Obligated

Group,

Series

2019B,

(Pre-refunded

11/19/26)

5

.000

11/15/49

649,874

1,805,000

(a)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Adventist

Health,

Sunbelt

Obligated

Group,

Series

2016C,

(Mandatory

Put

11/15/26)

5

.000

11/15/36

1,830,221

500,000

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-2

5

.000

08/01/26

503,647

159

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

COLORADO

(continued)

$

2,285,000

(a)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019B-2,

(Mandatory

Put

8/01/26)

5

.000

%

08/01/49

$

2,287,330

10,095,000

(a)

Colorado

Health

Facilities

Authority,

Colorado,

Revenue

Bonds,

Intermountain

Healthcare,

Series

2022A,

(Mandatory

Put

8/17/26)

5

.000

05/15/62

10,186,591

2,300,000

Colorado

Housing

and

Finance

Authority,

Multi

Family

Project

Bonds,

Class

I

Series

2025C-2

3

.350

07/01/28

2,303,405

3,525,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Series

2022D,

(AMT)

5

.250

11/15/26

3,578,333

2,080,000

Denver

City

and

County,

Colorado,

Airport

System

Revenue

Bonds,

Subordinate

Lien

Series

2018A,

(AMT)

5

.000

12/01/27

2,148,114

290,000

Gold

Hill

Mesa

Metropolitan

District

2,

Colorado

Springs,

El

Paso

County,

Colorado,

Limited

Tax

General

Obligation

and

Special

Revenue

Bonds,

Refunding

&

Improvement

Series

2022A

-

BAM

Insured

5

.000

12/01/26

294,046

510,000

Ravenna

Metropolitan

District,

Douglas

County,

Colorado,

General

Obligation

Bonds,

Refunding

Limited

Tax

Series

2023

-

AGM

Insured

5

.000

12/01/27

525,608

TOTAL

COLORADO

24,737,096

CONNECTICUT

-

2.1%

55,000

(a)

Connecticut

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Yale

University,

Series

2016A-2,

(Mandatory

Put

7/01/26)

2

.000

07/01/42

54,918

630,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2025A-1

3

.200

05/15/28

633,934

650,000

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2025A-1

3

.200

11/15/28

656,059

590,000

(a)

Connecticut

Housing

Finance

Authority,

Housing

Mortgage

Finance

Program

Bonds,

Social

Series

2025B-2,

(Mandatory

Put

5/15/28)

3

.300

05/15/60

592,332

2,000,000

Connecticut

State,

General

Obligation

Bonds,

Refunding

Series

2025D

5

.000

08/15/29

2,155,779

1,060,000

Connecticut

State,

General

Obligation

Bonds,

Series

2025A

5

.000

03/15/28

1,109,917

1,000,000

Connecticut

State,

General

Obligation

Bonds,

Series

2025A

5

.000

03/15/29

1,069,490

1,180,000

Connecticut

State,

Special

Tax

Obligation

Bonds,

Transportation

Infrastructure

Purposes,

Refunding

Forward

Delivery

Series

2021C

5

.000

01/01/27

1,202,367

1,340,000

University

of

Connecticut,

General

Obligation

Bonds,

Refunding

Series

2023A

5

.000

08/15/27

1,385,947

TOTAL

CONNECTICUT

8,860,743

DELAWARE

-

0.3%

225,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

3

.250

07/01/27

225,847

205,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

3

.300

01/01/28

206,170

585,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

3

.350

07/01/28

589,155

430,000

Delaware

State

Housing

Authority,

Senior

Single

Family

Mortgage

Revenue

Bonds,

Series

2025A

3

.400

01/01/29

434,223

TOTAL

DELAWARE

1,455,395

DISTRICT

OF

COLUMBIA

-

1.4%

6,010,000

Metropolitan

Washington

D.C.

Airports

Authority,

Airport

System

Revenue

Bonds,

Refunding

Series

2017,

(AMT)

5

.000

10/01/26

6,079,616

TOTAL

DISTRICT

OF

COLUMBIA

6,079,616

FLORIDA

-

4.7%

1,735,000

(a),(b)

Florida

Development

Finance

Corporation,

Revenue

Bonds,

Brightline

Florida

Passenger

Rail

Expansion

Project,

Series

2025B,

(AMT),

(Mandatory

Put

6/15/26)

1

.000

07/01/57

1,197,150

720,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2025-5

2

.650

01/01/28

714,841

350,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2025-5

2

.700

07/01/28

347,180

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

160

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

FLORIDA

(continued)

$

815,000

Florida

Housing

Finance

Corporation,

Homeowner

Mortgage

Revenue

Bonds,

Series

2025-5

2

.750

%

01/01/29

$

810,322

5,090,000

Florida

Municipal

Power

Agency,

Power

Supply

Revenue

Bonds,

All

Requirements

Project,

Series

2025A

5

.000

10/01/29

5,474,623

200,000

Florida

State

Board

of

Education,

Public

Education

Capital

Outlay

Bonds,

Refunding

Series

2017B

4

.000

06/01/32

202,226

2,000,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2025D

5

.000

07/01/29

2,151,564

1,600,000

Florida

State

Turnpike

Authority,

Turnpike

Revenue

Bonds,

Department

of

Transportation,

Series

2026A

5

.000

07/01/26

1,610,236

2,600,000

Miami-Dade

County,

Florida,

Seaport

Revenue

Bonds,

Refunding

Series

2022A,

(AMT)

5

.000

10/01/26

2,625,712

2,555,000

(a)

Orange

County

Health

Facilities

Authority,

Florida,

Hospital

Revenue

Bonds,

Advent

Health

Obligated

Group,

Series

2021C,

(Mandatory

Put

11/15/26)

5

.000

11/15/52

2,590,700

1,000,000

Palm

Beach

County

School

Board,

Florida,

Certificates

of

Participation,

Series

2025A

5

.000

08/01/30

1,089,762

350,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/28

369,841

365,000

Seminole

County

School

District,

Florida,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/29

392,834

180,000

Seminole

County,

Florida,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2025A

5

.000

10/01/29

194,414

TOTAL

FLORIDA

19,771,405

GEORGIA

-

3.4%

1,605,000

Atlanta,

Georgia,

Airport

General

Revenue

Bonds,

Green

Series

2025B-1,

(AMT)

5

.000

07/01/28

1,677,132

1,300,000

Douglas

County

School

District,

Georgia,

General

Obligation

Bonds,

Series

2025

5

.000

04/01/29

1,391,967

1,500,000

Fulton

County,

Georgia,

Water

and

Sewerage

Revenue

Bonds,

Refunding

Series

2025

5

.000

01/01/29

1,597,196

2,855,000

(a)

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2021A,

(Mandatory

Put

9/01/27)

4

.000

07/01/52

2,888,669

1,000,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023A

5

.000

06/01/26

1,002,550

1,000,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023A

5

.000

06/01/27

1,016,534

1,000,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2023D

5

.000

12/01/26

1,010,439

250,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2025A

5

.000

12/01/26

252,891

500,000

Main

Street

Natural

Gas

Inc.,

Georgia,

Gas

Supply

Revenue

Bonds,

Series

2025A

5

.000

12/01/27

513,741

1,905,000

Richmond

County

Board

of

Education,

Georgia,

General

Obligation

Bonds,

Sales

Tax

Series

2025

5

.000

10/01/28

2,019,165

1,045,000

Wayne

County

School

District,

Georgia,

General

Obligation

Sales

Tax

Bonds,

Series

2023

5

.250

09/01/27

1,084,096

TOTAL

GEORGIA

14,454,380

GUAM

-

0.1%

500,000

Government

of

Guam,

Business

Privilege

Tax

Bonds,

Refunding

Series

2025G

5

.000

01/01/29

522,228

TOTAL

GUAM

522,228

HAWAII

-

0.7%

2,080,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaii

Pacific

Health

Obligated

Group,

Series

2023C

5

.000

07/01/28

2,178,112

25,000

Hawaii

Department

of

Budget

and

Finance,

Special

Purpose

Revenue

Bonds,

Hawaiian

Electric

Company,

Inc.

and

Subsidiary

Projects,

Series

2017A,

(AMT)

3

.100

05/01/26

24,968

800,000

Maui

County,

Hawaii,

General

Obligation

Bonds,

Series

2025

5

.000

09/01/29

864,110

TOTAL

HAWAII

3,067,190

161

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

IDAHO

-

0.5%

$

450,000

(a)

Idaho

Health

Facilities

Authority,

Hospital

Revenue

Bonds,

CHE

Trinity

Helath

Group,

Series

2013ID,

(Mandatory

Put

5/01/26)

2

.625

%

12/01/48

$

449,917

270,000

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

PAC

Series

2025C

3

.125

07/01/28

269,965

725,000

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

PAC

Series

2025C

3

.200

01/01/29

724,903

590,000

Idaho

Housing

and

Finance

Association,

Single

Family

Mortgage

Revenue

Bonds,

PAC

Series

2025C

3

.300

07/01/29

589,908

TOTAL

IDAHO

2,034,693

ILLINOIS

-

4.3%

3,045,000

Chicago,

Illinois,

General

Airport

Revenue

Bonds,

O'Hare

International

Airport,

Refunding

Senior

Lien

Series

2024C

5

.000

01/01/27

3,094,721

3,000,000

Chicago,

Illinois,

Midway

Airport

Revenue

Bonds,

Refunding

Senior

Lien

Series

2023C

5

.000

01/01/27

3,045,844

1,165,000

Cook

County

School

District

78

Rosemont,

Illinois,

General

Obligation

Bonds,

Series

2020

-

AGM

Insured

5

.000

12/01/26

1,180,326

615,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017C

5

.000

11/01/29

632,303

655,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5

.000

11/01/26

663,333

920,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5

.000

11/01/27

950,639

1,150,000

Illinois

State,

General

Obligation

Bonds,

November

Series

2017D

5

.000

11/01/28

1,184,228

1,005,000

Illinois

State,

Sales

Tax

Revenue

Bonds,

Build

Illinois,

Refunding

Junior

Obligation

March

Series

2025A

5

.000

06/15/28

1,054,392

1,055,000

Illinois

State,

Sales

Tax

Revenue

Bonds,

Build

Illinois,

Refunding

Junior

Obligation

March

Series

2025A

5

.000

06/15/29

1,127,528

2,330,000

Illinois

State,

Sales

Tax

Revenue

Bonds,

Build

Illinois,

Refunding

Junior

Obligation

September

Series

2021C

5

.000

06/15/27

2,395,346

1,000,000

Oak

Park,

Illinois,

General

Obligation

Bonds,

Refunding

Corporate

Purpose

Series

2026

5

.000

11/01/28

1,055,567

500,000

University

of

Illinois,

Health

Services

Facilities

System

Revenue

Bonds,

Refunding

Series

2023

5

.000

10/01/27

518,104

525,000

University

of

Illinois,

Health

Services

Facilities

System

Revenue

Bonds,

Refunding

Series

2023

5

.000

10/01/28

549,828

700,000

Will

County

School

District

86,

Joliet,

Illinois,

General

Obligation

Bonds,

School

Series

2023

-

BAM

Insured

5

.000

03/01/28

726,462

TOTAL

ILLINOIS

18,178,621

INDIANA

-

1.7%

500,000

Avon

Community

School

Building

Corporation,

Hendricks

County,

Indiana,

First

Mortgage

Bonds,

Ad

Valorem

Property

Tax

Series

2023

5

.000

07/15/26

503,202

565,000

Avon

Community

School

Building

Corporation,

Hendricks

County,

Indiana,

First

Mortgage

Bonds,

Ad

Valorem

Property

Tax

Series

2023

5

.000

07/15/27

580,896

505,000

Avon

Community

School

Building

Corporation,

Hendricks

County,

Indiana,

First

Mortgage

Bonds,

Ad

Valorem

Property

Tax

Series

2023

5

.000

01/15/28

524,482

1,000,000

(a)

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Indiana

University

Health

Series

2025D-1,

(Mandatory

Put

10/01/29)

5

.000

10/01/64

1,071,031

700,000

Indiana

Finance

Authority,

Hospital

Revenue

Bonds,

Marion

General

Hospital

Project,

Series

2021A

5

.000

07/01/26

703,134

405,000

Mount

Vernon

of

Hancock

County

Multi-School

Building

Corporation,

Indiana,

First

Mortgage

Bonds,

Series

2022

5

.000

01/15/27

411,983

1,000,000

(a)

Mount

Vernon,

Indiana,

Environmental

Improvement

Revenue

Bonds,

Southern

Indiana

Gas

and

Electric

Company

Project,

Series

2015,

(AMT),

(Mandatory

Put

9/01/28)

4

.250

09/01/55

1,009,862

555,000

(a)

Rockport,

Indiana,

Pollution

Control

Revenue

Refunding

Bonds,

Indiana

Michigan

Power

Company

Project,

Series

2025A,

(Mandatory

Put

6/01/29)

3

.700

06/01/47

564,157

750,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2025C

5

.000

07/15/29

795,961

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

162

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

INDIANA

(continued)

$

800,000

Westfield-Washington

Multi-School

Building

Corporation,

Hamilton

County,

Indiana,

First

Mortgage

Bonds,

Series

2025C

5

.000

%

01/15/30

$

855,010

TOTAL

INDIANA

7,019,718

IOWA

-

0.0%

140,000

(a),(c)

Iowa

Finance

Authority,

Iowa,

Midwestern

Disaster

Area

Revenue

Bonds,

Iowa

Fertilizer

Company

Project,

Refunding

Series

2022,

(Pre-refunded

12/01/32),

(Mandatory

Put

12/01/32)

4

.000

12/01/50

149,353

TOTAL

IOWA

149,353

KANSAS

-

1.2%

1,000,000

Hutchinson,

Kansas,

General

Obligation

Bonds,

Temporary

Notes

Series

2025D

3

.375

10/01/28

1,002,357

1,295,000

Kansas

Department

of

Transportation,

Highway

Revenue

Bonds,

Refunding

Series

2025A

5

.000

09/01/28

1,369,260

545,000

Kansas

Department

of

Transportation,

Highway

Revenue

Bonds,

Refunding

Series

2025A

5

.000

09/01/29

587,562

550,000

Maize,

Kansas,

General

Obligation

Bonds,

Temporary

Notes

Series

2026A

2

.750

08/01/29

542,889

650,000

Manhattan,

Kansas,

General

Obligation

Bonds,

Temporary

Notes,

Series

2024-02

-

BAM

Insured

5

.000

06/15/28

652,526

1,000,000

Olathe,

Kansas,

General

Obligation

Bonds,

Temporary

Notes

Series

2025A

5

.000

09/01/26

1,010,329

TOTAL

KANSAS

5,164,923

KENTUCKY

-

2.2%

875,000

Kentucky

Asset/Liability

Commission,

General

Fund

Revenue

Project

Notes,

Federal

Highway

Trust

Fund,

First

Refunding

Series

2024A

5

.000

09/01/26

883,068

595,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

128,

Series

2023A

5

.000

11/01/27

617,026

480,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

132,

Refunding

Series

2025B

5

.000

04/01/30

520,688

750,000

Kentucky

State

Property

and

Buildings

Commission,

Revenue

Bonds,

Project

133,

Series

2025A

5

.000

09/01/28

792,103

200,000

(a)

Owen

County,

Kentucky,

Waterworks

System

Revenue

Bonds,

Kentucky-American

Water

Company

Project,

Refunding

Series

2019A,

(Mandatory

Put

10/01/29)

2

.450

06/01/39

193,447

1,000,000

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Refunding

Series

2024B

5

.000

08/01/28

1,032,065

360,000

(a)

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Refunding

Series

2024B,

(Mandatory

Put

8/01/32)

5

.000

01/01/55

381,283

3,500,000

(a)

Public

Energy

Authority

of

Kentucky,

Gas

Supply

Revenue

Bonds,

Series

2019C-1,

(Mandatory

Put

2/01/28)

4

.000

02/01/50

3,532,715

1,000,000

(a)

Trimble

County,

Kentucky,

Environmental

Facilities

Revenue

Bonds,

Kentucky

Utilities

Company

Project

Series

2023A,

(AMT),

(Mandatory

Put

6/01/27)

4

.700

06/01/54

1,006,052

500,000

(a)

Trimble

County,

Kentucky,

Pollution

Control

Revenue

Bonds,

Louisville

Gas

and

Electric

Company

Project,

Series

2016A,

(AMT),

(Mandatory

Put

9/01/27)

1

.300

09/01/44

484,768

TOTAL

KENTUCKY

9,443,215

LOUISIANA

-

2.3%

540,000

Livingston

Parish,

Louisiana,

Sales

Tax

Revenue

Bonds,

Series

2025

5

.000

10/01/29

579,311

3,250,000

Louisiana

Local

Government

Environmental

Facilities

and

Community

Development

Authority,

Louisiana,

Insurance

Assessment

Revenue

Bonds,

Louisiana

Insurance

Guaranty

Association

Project,

Series

2022B

5

.000

08/15/26

3,280,267

3,000,000

Louisiana

State,

Gasoline

and

Fuels

Tax

Revenue

Bonds,

Refunding

Series

2025B

5

.000

05/01/29

3,216,363

625,000

(a)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017A-1,

(Mandatory

Put

7/01/26)

4

.050

06/01/37

626,889

163

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

LOUISIANA

(continued)

$

35,000

(a)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017A-3,

(Mandatory

Put

7/01/26)

2

.200

%

06/01/37

$

34,946

1,040,000

(a)

Saint

John

the

Baptist

Parish,

Louisiana,

Revenue

Bonds,

Marathon

Oil

Corporation

Project,

Refunding

Series

2017C,

(Mandatory

Put

7/03/28)

3

.300

06/01/37

1,049,113

755,000

Shreveport,

Louisiana,

Water

and

Sewer

Revenue

Bonds,

Refunding

Series

2025

5

.000

12/01/27

779,226

TOTAL

LOUISIANA

9,566,115

MAINE

-

0.7%

2,000,000

Maine

Municipal

Bond

Bank,

Transportation

Infrastructure

Revenue

Bonds,

Transcap

Program,

Highway

and

Bridge

Series

2026A

5

.000

09/01/28

2,114,204

885,000

Maine

State

Housing

Authority,

Single

Family

Mortgage

Purchase

Bonds,

Social

Series

2025D

2

.850

11/15/28

877,855

TOTAL

MAINE

2,992,059

MASSACHUSETTS

-

2.0%

165,000

Boston,

Massachusetts,

General

Obligation

Bonds,

Series

2025A

5

.000

02/01/29

177,533

1,950,000

Massachusetts

Educational

Financing

Authority,

Education

Loan

Revenue

Bonds,

Issue

M,

Senior

Series

2021B,

(AMT)

5

.000

07/01/27

1,989,240

575,000

Massachusetts

Housing

Finance

Agency,

Housing

Bonds,

Sustainability

Green

Series

2023A-3

3

.050

12/01/27

576,197

750,000

Massachusetts

Housing

Finance

Agency,

Multifamily

Housing

Bonds,

Green

Sustainability

Series

2024B3

3

.400

12/01/27

751,702

5,000,000

Massachusetts

Port

Authority,

Revenue

Bonds,

Series

2019A,

(AMT)

5

.000

07/01/26

5,027,306

TOTAL

MASSACHUSETTS

8,521,978

MICHIGAN

-

2.6%

455,000

Detroit

City

School

District,

Wayne

County,

Michigan,

Unlimited

Tax

School

Building

and

Site

Improvement

Bonds,

Series

2001A

-

AGM

Insured

6

.000

05/01/29

481,024

200,000

East

Grand

Rapid

Public

Schools,

Kent

County,

Michigan,

General

Obligation

Bonds,

School

Building

&

Site

Refunding

Series

2026II

5

.000

05/01/28

209,704

275,000

East

Grand

Rapid

Public

Schools,

Kent

County,

Michigan,

General

Obligation

Bonds,

School

Building

&

Site

Refunding

Series

2026II

5

.000

05/01/29

293,568

300,000

East

Grand

Rapid

Public

Schools,

Kent

County,

Michigan,

General

Obligation

Bonds,

School

Building

&

Site

Refunding

Series

2026II

5

.000

05/01/30

325,839

635,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2024A

3

.700

04/01/30

634,994

850,000

Michigan

Housing

Development

Authority,

Rental

Housing

Revenue

Bonds,

Series

2025A-1

2

.875

04/01/28

847,830

1,920,000

Michigan

Housing

Development

Authority,

Single

Family

Mortgage

Revenue

Bonds,

Social

Series

2025A

3

.350

12/01/28

1,932,147

3,110,000

Michigan

State

Building

Authority,

Revenue

Bonds,

Facilities

Program,

Refunding

Series

2025I

5

.000

04/15/29

3,328,674

3,065,000

(a)

Michigan

Strategic

Fund,

Limited

Obligation

Revenue

Bonds,

Consumers

Energy

Company

Project,

Series

2019,

(AMT),

(Mandatory

Put

10/01/27)

3

.350

10/01/49

3,059,894

TOTAL

MICHIGAN

11,113,674

MINNESOTA

-

1.6%

1,130,000

Eastern

Carver

County

Independent

School

District

112,

Minnesota,

General

Obligation

Bonds,

Facilities

Maintenance

Series

2025A

5

.000

02/01/28

1,179,588

900,000

Forest

Lake,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Lakes

International

Language

Academy,

Series

2019A

4

.375

08/01/29

907,590

420,000

Minneapolis,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Yinghua

Academy

Project,

Series

2013A

6

.000

07/01/33

420,467

1,060,000

(a)

Minneapolis,

Minnesota,

Health

Care

System

Revenue

Bonds,

Allina

Health

System,

Series

2023A,

(Mandatory

Put

11/15/28)

5

.000

11/15/52

1,110,873

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

164

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

MINNESOTA

(continued)

$

275,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Social

Series

2025F

3

.700

%

07/01/28

$

277,775

285,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Social

Series

2025F

3

.800

01/01/29

288,377

265,000

Minnesota

Housing

Finance

Agency,

Residential

Housing

Finance

Bonds,

Social

Series

2025F

3

.850

07/01/29

268,597

2,030,000

Saint

Cloud,

Minnesota,

Health

Care

Revenue

Bonds,

CentraCare

Health

System,

Series

2016A

5

.000

05/01/27

2,033,538

95,000

Saint

Paul

Housing

&

Redevelopment

Authority,

Minnesota,

Charter

School

Lease

Revenue

Bonds,

Nova

Classical

Academy,

Refunding

Series

2021A

2

.000

09/01/26

94,103

175,000

Saint

Paul

Housing

and

Redevelopment

Authority,

Minnesota,

Health

Care

Revenue

Bonds,

Fairview

Health

Services,

Series

2017A

5

.000

11/15/27

179,661

TOTAL

MINNESOTA

6,760,569

MISSISSIPPI

-

0.7%

1,195,000

Mississippi

Development

Bank,

Special

Obligation

Bonds,

Mississippi

Highway

Refunding

Project,

Refunding

Series

2024A

5

.000

01/01/28

1,243,892

1,410,000

Mississippi

Development

Bank,

Special

Obligation

Bonds,

Municipal

Energy

Agency

of

Mississippi,

Power

Supply

Project,

Refunding

Series

2015A

-

AGM

Insured

5

.000

03/01/28

1,412,325

265,000

Warren

County,

Mississippi,

Gulf

Opportunity

Zone

Revenue

Bonds,

International

Paper

Company

Project,

Refunding

Series

20218

4

.000

09/01/32

270,095

TOTAL

MISSISSIPPI

2,926,312

MISSOURI

-

2.1%

1,000,000

(a)

Kansas

City

Planned

Industrial

Expansion

Authority,

Missouri,

Multifamily

Housing

Revenue

Bonds,

The

Depot

on

Old

Santa

Fe

Series

2023,

(Mandatory

Put

7/01/27)

5

.000

07/01/45

1,014,967

160,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Refunding

Series

1998A

2

.900

09/01/33

149,441

1,000,000

Missouri

Environmental

Improvement

and

Energy

Resources

Authority,

Revenue

Bonds,

Union

Electric

Company

Project,

Series

1998B

2

.900

09/01/33

934,003

2,655,000

(a)

Missouri

Health

and

Educational

Facilities

Authority,

Health

Facilities

Revenue

Bonds,

BJC

Health

System,

Series

2021B,

(Mandatory

Put

5/01/26)

4

.000

05/01/51

2,657,810

285,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Home

Ownership

Loan

Program

Series

2024E

3

.200

11/01/26

285,250

525,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Home

Ownership

Loan

Program

Series

2024E

3

.250

05/01/27

526,689

300,000

Missouri

Housing

Development

Commission,

Single

Family

Mortgage

Revenue

Bonds,

First

Place

Home

Ownership

Loan

Program

Series

2024E

3

.300

11/01/27

301,483

505,000

Missouri

Joint

Municipal

Electric

Utility

Commission,

Power

Supply

System

Revenue

Bonds,

Gree

Bonds,

MoPEP

Facilities,

Series

2022

5

.000

12/01/26

512,517

630,000

Saint

Louis

County

Industrial

Development

Authority,

Missouri,

Health

Facilities

Revenue

Bonds,

Ranken-Jordan

Project,

Refunding

&

Improvement

Series

2016

5

.000

11/15/26

630,375

1,630,000

Springfield,

Missouri,

Special

Obligation

Bonds,

Refunding

Series

2017B,

(AMT)

5

.000

07/01/26

1,638,490

TOTAL

MISSOURI

8,651,025

MONTANA

-

0.2%

365,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2025A

3

.200

06/01/29

367,862

370,000

Montana

Board

of

Housing,

Single

Family

Mortgage

Bonds,

Series

2025A

3

.250

12/01/29

373,130

TOTAL

MONTANA

740,992

165

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEBRASKA

-

1.0%

$

2,710,000

Metropolitan

Utilities

District

of

Omaha,

Nebraska,

Gas

System

Revenue

Bonds,

Series

2023

5

.000

%

12/01/26

$

2,754,857

1,255,000

Sarpy

County

School

District

037

Gretna

Public

Schools,

Nebraska,

General

Obligation

Bonds,

Series

2022B

5

.000

12/15/27

1,258,356

TOTAL

NEBRASKA

4,013,213

NEVADA

-

0.4%

1,450,000

Clark

County

School

District,

Nevada,

General

Obligation

Bonds,

Limited

Tax

Building

Series

2018B

-

AGM

Insured

5

.000

06/15/27

1,492,948

110,000

(a),(b)

Director

of

the

State

of

Nevada

Department

of

Business

and

Industry,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.,

Variable

Rate

Demand

Series

2001,

(AMT),

(Mandatory

Put

6/01/26)

3

.450

12/01/26

110,057

TOTAL

NEVADA

1,603,005

NEW

HAMPSHIRE

-

0.4%

1,190,000

(a)

New

Hampshire

Health

and

Education

Facilities

Authority,

Revenue

Bonds,

Dartmouth

College,

Series

2015B,

(Mandatory

Put

8/03/27)

3

.300

06/01/40

1,193,195

500,000

New

Hampshire

Housing

Finance

Authority,

Multi-Family

Housing

Revenue

Bonds,

Series

2024-2

3

.150

07/01/27

500,531

TOTAL

NEW

HAMPSHIRE

1,693,726

NEW

JERSEY

-

1.1%

520,000

(a)

New

Jersey

Economic

Development

Authority,

Water

Facilities

Revenue

Bonds,

New

Jersey-American

Water

Company

Inc.

Project,

Refunding

Series

2020B,

(AMT),

(Mandatory

Put

6/01/28)

3

.750

11/01/34

521,969

1,275,000

New

Jersey

Higher

Education

Student

Assistance

Authority,

Student

Loan

Revenue

Bonds,

Refunding

Series

2023A,

(AMT)

5

.000

12/01/26

1,292,281

1,420,000

New

Jersey

Housing

and

Mortgage

Finance

Agency,

Multifamily

Revenue

Bonds,

Social

Series

2025B

3

.050

11/01/29

1,417,689

1,500,000

Tobacco

Settlement

Financing

Corporation,

New

Jersey,

Tobacco

Settlement

Asset-Backed

Bonds,

Series

2018A

5

.000

06/01/30

1,558,895

TOTAL

NEW

JERSEY

4,790,834

NEW

MEXICO

-

0.2%

775,000

Albuquerque

Municipal

School

District

12,

Bernalillo

and

Sandoval

Counties,

New

Mexico,

General

Obligation

Bonds,

Refunding

Series

2025B

5

.000

08/01/28

818,196

TOTAL

NEW

MEXICO

818,196

NEW

YORK

-

4.2%

1,000,000

Dormitory

Authority

of

the

State

of

New

York,

State

Sales

Tax

Revenue

Bonds,

Series

2025A

5

.000

03/15/30

1,088,290

1,000,000

Metropolitan

Transportation

Authority,

New

York,

Transportation

Revenue

Bonds,

Green

Refunding

Series

2025B

5

.000

11/15/27

1,038,857

1,300,000

(a)

New

York

City

Housing

Development

Corporation,

New

York,

Multifamily

Housing

Revenue

Bonds,

Sustainable

Development

Series

2025B-2,

(Mandatory

Put

7/02/29)

3

.950

11/01/64

1,323,435

2,635,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2021

Subseries

F-1

5

.000

11/01/27

2,736,711

1,000,000

New

York

City

Transitional

Finance

Authority,

New

York,

Future

Tax

Secured

Bonds,

Subordinate

Fiscal

2025

Subseries

Series

A-1

5

.000

11/01/27

1,038,600

1,370,000

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2025

Series

A

5

.000

08/01/27

1,414,396

500,000

(d)

New

York

City,

New

York,

General

Obligation

Bonds,

Fiscal

2026,

Subseries

Series

F-1

5

.000

08/01/29

535,517

1,200,000

(a)

New

York

State

Housing

Finance

Agency,

Affordable

Housing

Revenue

Bonds,

Sustainability

Green

Series

2025B-2,

(Mandatory

Put

5/01/29)

3

.600

11/01/64

1,206,345

1,000,000

New

York

State

Power

Authority,

Green

Transmission

Project

Revenue

Bonds,

Green

Series

2023A

-

AGM

Insured

5

.000

11/15/27

1,042,920

1,000,000

New

York

State

Thruway

Authority,

State

Personal

Income

Tax

Revenue

Bonds,

Series

2025A

5

.000

03/15/29

1,070,670

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

166

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

NEW

YORK

(continued)

$

2,895,000

Port

Authority

of

New

York

and

New

Jersey,

Consolidated

Revenue

Bonds,

Two

Hundred

Forty

Second

Series

2023,

(AMT)

5

.000

%

12/01/26

$

2,935,201

2,000,000

Triborough

Bridge

and

Tunnel

Authority,

New

York,

Payroll

Mobility

Tax

Bonds,

MTA

Bridges

and

Tunnels,

Bond

Anticipation

Notes

Series

2025A

5

.000

03/01/28

2,092,376

TOTAL

NEW

YORK

17,523,318

NORTH

CAROLINA

-

1.9%

670,000

City

of

Raleigh,

North

Carolina,

Combined

Enterprise

System

Revenue

and

Refunding

Bonds,

Series

2026

5

.000

12/01/28

713,109

1,745,000

North

Carolina

Housing

Finance

Agency,

Home

Ownership

Revenue

Bonds,

1998

Trust

Agreement,

Series

2025-59A

2

.950

07/01/29

1,739,912

2,000,000

North

Carolina

State,

Federal

Grant

Anticipation

Revenue

Bonds,

Refunding

Vehicle

Series

2025

5

.000

03/01/28

2,092,760

1,500,000

North

Carolina

State,

Limited

Obligation

Bonds,

Refunding

Series

2025B

5

.000

05/01/28

1,576,523

1,700,000

North

Carolina

Turnpike

Authority,

Triangle

Expressway

System

Revenue

Bonds,

Refunding

Senior

Lien

Series

2017

-

AGM

Insured

5

.000

01/01/27

1,728,650

TOTAL

NORTH

CAROLINA

7,850,954

NORTH

DAKOTA

-

0.4%

455,000

Cass

County

Joint

Water

Reserve

District,

North

Dakota,

Temporary

Improvement  Special

Assessment

Bonds,

Refunding

Series

2024A

3

.450

04/01/27

455,096

450,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5

.000

05/01/26

450,678

475,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5

.000

05/01/27

484,077

480,000

Horace,

Cass

County,

North

Dakota,

General

Obligation

Bonds,

Refunding

Improvement

Series

2024C

5

.000

05/01/28

495,739

TOTAL

NORTH

DAKOTA

1,885,590

OHIO

-

4.1%

1,085,000

Cleveland,

Ohio,

Airport

System

Revenue

Bonds,

Series

2018A,

(AMT)

5

.000

01/01/27

1,101,580

265,000

Cleveland-Cuyahoga

County

Port

Authroity,

Ohio,

Cultural

Facility

Revenue

Bonds,

The

Cleveland

Museum

of

Natural

History

Project,

Series

2021

5

.000

07/01/26

266,380

500,000

Columbus

City

School

District,

Franklin

County,

Ohio,

General

Obligation

Bonds,

Refunding

Various

Purpose

Series

2026A

5

.000

12/01/30

548,852

2,500,000

Columbus,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Series

2025-1

5

.000

04/01/28

2,622,814

1,090,000

Dublin,

Ohio,

General

Obligation

Bonds,

Limited

Tax

Refunding

Various

Purpose

Improvement

Series

2025

5

.000

12/01/29

1,182,327

675,000

(a)

Franklin

County,

Ohio,

Revenue

Bonds,

CHE

Trinity

Health

Credit

Group,

Variable

Rate

Demand

Obligation

Series

2013,

(Mandatory

Put

5/01/26)

2

.625

12/01/46

674,881

1,165,000

(a),(b)

Jefferson

County

Port

Authority,

Ohio,

Economic

Development

Revenue

Bonds,

JSW

Steel

USA

Ohio,

Inc.

Project,

Series

2023,

(AMT),

(Mandatory

Put

12/01/28)

5

.000

12/01/53

1,188,826

500,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2005A,

(AMT)

3

.750

01/01/29

504,649

1,430,000

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

American

Electric

Power

Company

Project,

Refunding

Series

2014C,

(AMT)

3

.650

12/01/27

1,436,791

1,125,000

(a)

Ohio

Air

Quality

Development

Authority,

Ohio,

Revenue

Bonds,

Dayton

Power

&

Light

Company

Project,

Refunding

Collateralized

Series

2015A,

(AMT),

(Mandatory

Put

6/01/27)

4

.250

11/01/40

1,139,586

2,000,000

Ohio

State,

General

Obligation

Bonds,

Refunding

Highway

Capital

Improvement

Series

2026AA

5

.000

05/01/29

2,144,857

1,750,000

(b)

Rocky

River,

Ohio,

General

Obligation

Bonds,

Fire

Station

Improvement

Bond

Anticipation

Notes,

Series

2026

4

.000

02/11/27

1,767,864

167

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

OHIO

(continued)

$

1,025,000

Upper

Arlington,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Limited

Tax

Refunding

Series

2025

5

.000

%

12/01/28

$

1,089,040

1,750,000

Wyoming,

Ohio,

General

Obligation

Bonds,

Various

Purpose

Bond

Anticipation

Notes,

Series

2026

4

.000

10/13/26

1,761,665

TOTAL

OHIO

17,430,112

OKLAHOMA

-

1.3%

125,000

Cherokee

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Tahlequah

Public

Schools

Project,

Series

2026

5

.000

09/01/30

133,968

1,500,000

Cleveland

County

Educational

Facilities

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Norman

Public

Schools

Project,

Series

2023C

5

.000

06/01/28

1,566,415

1,000,000

Cleveland

County

Independent

School

District

2

Moore,

Oklahoma,

General

Obligation

Bonds,

Combined

Purpose

Series

2026

2

.000

03/01/28

977,640

775,000

Lawton

Industrial

Development

Authority,

Oklahoma,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025A

5

.000

07/01/27

795,684

250,000

Lawton

Industrial

Development

Authority,

Oklahoma,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025A

5

.000

07/01/28

261,513

660,000

Payne

County

Economic

Development

Authority,

Oklahoma,

Educational

Facilities

Lease

Revenue

Bonds,

Stillwater

Public

Schools

Project,

Series

2024

-

BAM

Insured

5

.000

09/01/26

665,810

1,000,000

(d)

Tulsa

County

Independent

School

District

9

Union

Board

of

Education,

Oklahoma,

General

Obligation

Bonds,

Building

Series

2026

2

.000

04/01/28

976,947

TOTAL

OKLAHOMA

5,377,977

OREGON

-

1.5%

1,000,000

Chemeketa

Community

College

District,

Oregon,

General

Obligation

Bonds,

Series

2025B

5

.000

06/15/28

1,052,897

1,500,000

Mount

Hood

Community

College

District,

Oregon,

General

Obligation

Bonds,

Series

2025

5

.000

06/15/29

1,609,930

650,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5

.000

11/15/27

675,995

550,000

Oregon

State

Department

of

Transportation,

Highway

User

Tax

Revenue

Bonds,

Subordinate

Lien

Series

2026A

5

.000

11/15/28

583,985

200,000

(b)

Port

of

Morrow,

Morrow

County

Oregon,

Full

Faith

and

Credit

Obligations,

Series

2024A

5

.150

10/01/26

199,993

1,085,000

Salem-Keizer

School

District

24J,

Marion

and

Polk

Counties,

Oregon,

General

Obligation

Bonds,

Series

2009B

0

.000

06/15/27

1,048,763

1,115,000

Washington

Multnomah

&

Yamhill

Counties

School

District

1J

Hillsboro,

Oregon,

General

Obligation

Bonds,

Series

2017

5

.000

06/15/26

1,120,721

TOTAL

OREGON

6,292,284

PENNSYLVANIA

-

1.8%

135,000

Lehigh

County

Industrial

Development

Authority,

Pennsylvania,

Pollution

Control

Revenue

Bonds,

Pennsylvania

Power

and

Light

Company,

Series

2016A

3

.000

09/01/29

134,798

60,000

(a)

Montgomery

County

Industrial

Development

Authority,

Pennsylvania,

Facilities

Revenue

Bonds,

Constellation

Energy

Generation

LLC

Project,

Refunding

Series

2023A,

(Mandatory

Put

4/03/28)

4

.100

04/01/53

61,273

1,690,000

Montgomery

County,

Pennsylvania,

General

Obligation

Bonds,

Series

2025A

5

.000

03/01/28

1,770,326

1,015,000

North

Allegheny

School

District,

Allegheny

County,

Pennsylvania,

General

Obligation

Bonds,

Series

2025

5

.000

05/01/28

1,065,935

475,000

(a)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Project,

Series

2013,

(AMT),

(Mandatory

Put

5/01/26)

3

.000

08/01/45

474,913

315,000

(a)

Pennsylvania

Economic

Development

Financing

Authority,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.,

Project,

Series

2025,

(AMT),

(Mandatory

Put

6/01/26)

2

.875

06/01/49

314,835

1,140,000

Pennsylvania

State,

General

Obligation

Bonds,

First

Refunding

Series

2025A

5

.000

08/15/29

1,227,264

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

168

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

PENNSYLVANIA

(continued)

$

1,000,000

Philadelphia,

Pennsylvania,

Airport

Revenue

Bonds,

Refunding

Series

2025B,

(AMT)

5

.000

%

07/01/28

$

1,044,942

1,390,000

University

of

Pittsburgh

of

the

Commonwealth

System

of

Higher

Education,

Pennsylvania,

Pitt

Asset

Notes,

Series

2023

5

.000

02/15/29

1,480,424

TOTAL

PENNSYLVANIA

7,574,710

PUERTO

RICO

-

1.7%

1,050,000

(c)

Puerto

Rico

Industrial,

Tourist,

Educational,

Medical

and

Environmental

Control

Facilities

Financing

Authority,

Hospital

Revenue

Bonds,

Hospital

de

la

Concepcion,

Series

2017A,

(Pre-

refunded

11/15/26)

3

.550

11/15/30

1,056,133

536,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/27

515,455

691,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/29

621,485

84,000

Puerto

Rico

Sales

Tax

Financing

Corporation,

Sales

Tax

Revenue

Bonds,

Restructured

2018A-1

0

.000

07/01/31

69,928

4,189,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5

.625

07/01/27

4,270,325

801,000

Puerto

Rico,

General

Obligation

Bonds,

Restructured

Series

2022A-1

5

.625

07/01/29

846,020

TOTAL

PUERTO

RICO

7,379,346

SOUTH

CAROLINA

-

0.9%

1,000,000

South

Carolina

Association

of

Governmental

Organizations,

Educational

Facilities

Corporation

for

Pickens

School

District,

Installment

Purchase

Revenue

Bonds,

Pickens

County,

Refunding

Series

2025

5

.000

12/01/28

1,060,930

1,175,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2026A

6

.000

01/01/30

1,302,612

1,200,000

South

Carolina

Housing

Finance

and

Development

Authority,

Mortgage

Revenue

Bonds,

Series

2026A

6

.000

07/01/30

1,343,154

TOTAL

SOUTH

CAROLINA

3,706,696

SOUTH

DAKOTA

-

0.8%

1,770,000

Rapid

City,

South

Dakota,

Water

Revenue

Bonds,

Refunding

Series

2025

5

.000

11/01/29

1,910,136

850,000

South

Dakota

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

Vocational

Education

Program,

Refunding

Series

2026

5

.000

08/01/28

894,608

410,000

South

Dakota

Housing

Development

Authority,

Homeownership

Mortgage

Revenue

Bonds,

Series

2024C

3

.300

11/01/29

413,061

TOTAL

SOUTH

DAKOTA

3,217,805

TENNESSEE

-

1.1%

100,000

Chattanooga

Health,

Educational

and

Housing

Facility

Board,

Tennessee,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019A-1

5

.000

08/01/28

104,416

1,000,000

Metropolitan

Government

of

Nashville

and

Davidson

County

Sports

Authority,

Tennessee,

Revenue

Bonds,

Stadium

Project,

Subordinate

Senior

Series

2023A

-

AGM

Insured

5

.000

07/01/28

1,048,732

260,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2022B,

(AMT)

5

.000

07/01/26

261,217

1,300,000

Metropolitan

Nashville

Airport

Authority,

Tennessee,

Airport

Improvement

Revenue

Bonds,

Series

2026A

5

.000

07/01/29

1,395,152

2,000,000

The

Tennessee

Energy

Acquisition

Corporation,

Gas

Revenue

Bonds,

Series

2006B

5

.625

09/01/26

2,014,075

TOTAL

TENNESSEE

4,823,592

TEXAS

-

14.3%

1,250,000

Austin,

Texas,

Airport

System

Revenue

Bonds,

Series

2019B,

(AMT)

5

.000

11/15/27

1,290,700

420,000

Bexar

County

Hospital

District,

Texas,

Certificates

of

Obligation,

Series

2023

5

.000

02/15/27

428,365

4,715,000

Board

of

Regents

of

the

University

of

Texas

System,

Revenue

Financing

System

Bonds,

Series

2025A

5

.000

08/15/28

4,982,976

169

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

545,000

Central

Texas

Regional

Mobility

Authority,

Revenue

Bonds,

Anticipation

Notes

Subordinate

Lien

Series

2021C

5

.000

%

01/01/27

$

548,344

1,605,000

Collin

County,

Texas,

General

Obligation

Bonds,

Refunding

Limited

Tax

Permanent

Improvement,

Tax

Notes

Series

2025

5

.000

02/15/29

1,705,862

1,570,000

Cypress-Fairbanks

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

02/15/29

1,677,630

1,200,000

Dallas

Fort

Worth

International

Airport,

Texas,

Joint

Revenue

Bonds,

Refunding

&

Improvement

Series

2025A-1,

(AMT)

5

.000

11/01/28

1,261,162

1,000,000

Denton,

Texas,

Certificates

of

Obligation,

Series

2025

5

.000

02/15/30

1,080,908

1,615,000

Dickinson

Independent

School

District,

Galveston

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2023A

5

.000

02/15/27

1,647,587

1,485,000

Fort

Bend

County,

Texas,

General

Obligation

Bonds,

Tax

Road

Series

2024

5

.000

03/01/27

1,517,162

630,000

Frisco

Independent

School

District,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025A

5

.000

02/15/30

683,667

1,000,000

Frisco,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2025

5

.000

02/15/28

1,043,470

1,000,000

Frisco,

Collin

and

Denton

Counties,

Texas,

General

Obligation

Bonds,

Refunding

&

Improvement

Series

2025

5

.000

02/15/29

1,062,842

500,000

Grand

Prairie,

Texas,

Combination

Tax

and

Revenue

Certificates

of

Obligation,

Series

2024

5

.000

02/15/27

510,437

500,000

Grand

Prairie,

Texas,

Combination

Tax

and

Revenue

Certificates

of

Obligation,

Series

2024

5

.000

02/15/28

521,082

360,000

Greenville

Independent

School

District,

Hunt

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2026

5

.000

02/15/27

367,735

5,675,000

(a)

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Memorial

Hermann

Health

System,

Series

2019B-3,

(Mandatory

Put

12/01/26)

5

.000

07/01/49

5,755,315

500,000

Harris

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Medical

Center,

Refunding

Series

2026

5

.000

12/01/29

539,803

1,450,000

Harris

County

Flood

Control

District,

Texas,

Contract

Tax

Bonds,

Refunding

Series

2025A

5

.000

09/15/29

1,554,822

1,850,000

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Road

Series

2025A

5

.000

09/15/29

1,991,965

610,000

Harris

County,

Texas,

Road

Revenue

Bonds,

Refunding,

Series

2024A

5

.000

09/15/27

631,979

3,630,000

Houston,

Texas,

Airport

System

Revenue

Bonds,

Refunding

&

Subordinate

Lien

Series

2018C,

(AMT)

5

.000

07/01/26

3,649,457

1,295,000

Houston,

Texas,

General

Obligation

Bonds,

Refunding

Public

Improvement

Series

2016A

5

.000

03/01/27

1,297,547

1,000,000

Irving,

Dallas

County,

Texas,

General

Obligation

Bonds,

Series

2024

5

.000

09/15/28

1,054,598

1,170,000

Katy

Independent

School

District,

Harris,

Fort

Bend

and

Waller

Counties,

Texas,

General

Obligation

Bonds,

School

Building

Series

2025

5

.000

02/15/28

1,224,143

1,275,000

Klein

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

Schoolhouse

Series

2025

5

.000

08/01/29

1,368,679

1,185,000

Lake

Dallas

Independent

School

District,

Denton

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

08/15/29

1,270,950

460,000

Lewisville

Independent

School

District,

Denton

and

Tarrant

Counties,

Texas,

General

Obligation

Bonds,

School

Building

Series

2025

5

.000

08/15/28

486,253

100,000

(a)

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Graphic

Packaging

International,

LLC

Project,

Green

Series

2025,

(AMT),

(Mandatory

Put

6/01/30)

5

.000

12/01/64

103,754

235,000

(a)

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Republic

Services

Inc.

Project,

Adjustable

Rate

Series

2020A,

(AMT),

(Mandatory

Put

5/01/26)

3

.000

05/01/50

234,979

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

170

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

TEXAS

(continued)

$

1,250,000

Mission

Economic

Development

Corporation,

Texas,

Solid

Waste

Disposal

Revenue

Bonds,

Waste

Management

Inc.

Project,

Series

2023A,

(AMT),

(Mandatory

Put

7/01/27)

4

.250

%

06/01/48

$

1,260,272

1,000,000

New

Hope

Higher

Education

Finance

Corporation,

Texas,

Education

Revenue

Bonds,

Texas

Christian

University

Project,

Series

2026A

5

.000

03/15/28

1,046,116

2,780,000

North

East

Independent

School

District,

Bexar

County,

Texas,

General

Obligation

Bonds,

Refunding

Series

2025

5

.000

08/01/29

2,987,938

1,905,000

North

Texas

Tollway

Authority,

System

Revenue

Bonds,

Refunding

First

Tier

Series

2023A

5

.000

01/01/27

1,939,106

1,510,000

Pearland

Independent

School

District,

Brazoria

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5

.000

02/15/30

1,638,051

1,365,000

Plano

Independent

School

District,

Collin

County,

Texas,

General

Obligation

Bonds,

School

Building

Series

2025

5

.000

02/15/28

1,427,911

1,060,000

San

Antonio,

Texas,

General

Obligation

Bonds,

Tax

Notes

Series

2024

5

.000

02/01/27

1,082,476

1,500,000

Spring

Branch

Independent

School

District,

Harris

County,

Texas,

General

Obligation

Bonds,

Refunding

School

Building

Series

2025

5

.000

02/01/29

1,599,026

595,000

(a),(c)

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Scott

&

White

Healthcare

Project,

Series

2022E,

(Pre-refunded

5/15/26),

(Mandatory

Put

5/15/26)

5

.000

11/15/52

596,636

230,000

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Hospital

Revenue

Bonds,

Scott

&

White

Healthcare

Project,

Series

2026E

5

.000

11/15/28

243,611

1,035,000

(a)

Tarrant

County

Cultural

Education

Facilities

Finance

Corporation,

Texas,

Revenue

Bonds,

Texas

Health

Resources

System,

Series

2025B,

(Mandatory

Put

11/15/29)

5

.000

11/15/64

1,106,441

545,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2025D

2

.950

07/01/28

541,487

565,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2025D

3

.000

01/01/29

560,116

500,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2026A

2

.650

07/01/28

496,761

500,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2026A

2

.700

01/01/29

496,030

500,000

Texas

Department

of

Housing

and

Community

Affairs,

Residential

Mortgage

Revenue

Bonds,

Refunding

Series

2026A

2

.700

07/01/29

495,111

250,000

Texas

Municipal

Gas

Acquisition

and

Supply

Corporation

VI,

Gas

Supply

Revenue

Bonds,

Series

2025

5

.000

01/01/27

253,149

1,055,000

Texas

Transportation

Commission,

Central

Texas

Turnpike

System

Revenue

Bonds,

Refunding

Second

Tier

Series

2024C

5

.000

08/15/31

1,156,546

TOTAL

TEXAS

60,420,957

UTAH

-

0.5%

630,000

Alpine

School

District

Local

Building

Authority,

Utah

County,

Utah,

Lease

Revenue

Bonds,

Series

2025

5

.000

03/15/29

673,222

1,405,000

Utah

Transit

Authority,

Sales

Tax

Revenue

Bonds,

Refunding

Series

2025

5

.000

12/15/28

1,494,699

TOTAL

UTAH

2,167,921

VIRGIN

ISLANDS

-

0.4%

1,645,000

Matching

Fund

Special

Purpose

Securitization

Corporation,

Virgin

Islands,

Revenue

Bonds,

Series

2022A

5

.000

10/01/26

1,653,610

TOTAL

VIRGIN

ISLANDS

1,653,610

VIRGINIA

-

2.1%

1,000,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

4

.000

10/01/27

1,022,768

1,000,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

4

.000

10/01/28

1,035,106

1,000,000

Fairfax

County,

Virginia,

General

Obligation

Bonds,

Public

Improvement

Series

2026A

5

.000

10/01/29

1,081,124

171

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

VIRGINIA

(continued)

$

3,285,000

Hampton

Roads

Transportation

Accountability

Commission,

Virginia,

Revenue

Bonds,

Hampton

Roads

Transportation

Fund,

Intermediate

Lien

Bond

Anticipation

Notes

Series

2023A

5

.000

%

07/01/27

$

3,383,325

260,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2024F-3

2

.650

01/01/28

258,137

265,000

Virginia

Housing

Development

Authority,

Commonwealth

Mortgage

Bonds,

Series

2024F-3

2

.700

07/01/28

263,427

1,500,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2024H

3

.600

12/01/28

1,500,149

500,000

Virginia

Housing

Development

Authority,

Rental

Housing

Bonds,

Series

2025A

3

.250

09/01/29

500,466

TOTAL

VIRGINIA

9,044,502

WASHINGTON

-

4.0%

2,525,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2015C,

(AMT)

5

.000

04/01/26

2,525,000

1,550,000

Port

of

Seattle,

Washington,

Revenue

Bonds,

Intermediate

Lien

Series

2018A,

(AMT)

5

.000

05/01/27

1,585,357

5,485,000

(a)

Washington

Health

Care

Facilities

Authority,

Revenue

Bonds,

CommonSpirit

Health,

Series

2019B-3,

(Mandatory

Put

8/01/26)

5

.000

08/01/49

5,490,594

5,040,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025B

5

.000

07/01/28

5,316,127

1,780,000

Washington

State,

General

Obligation

Bonds,

Various

Purpose

Refunding

Series

2025B

5

.000

07/01/29

1,914,316

TOTAL

WASHINGTON

16,831,394

WEST

VIRGINIA

-

0.5%

300,000

Ohio

County

Commission,

West

Virginia,

Special

District

Excise

Tax

Revenue

Bonds,

Fort

Henry

Economic

Opportunity

Development

District-the

Highlands

Project,

Refunding

&

Improvement

Series

2025A

5

.000

06/01/27

306,724

610,000

(a)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Appalachian

Power

Company

-

Amos

Project,

Series

2009A,

(Mandatory

Put

6/01/28)

3

.700

12/01/42

620,032

115,000

(a)

West

Virginia

Economic

Development

Authority,

Solid

Waste

Disposal

Facilities

Revenue

Bonds,

Wheeling

Power

Company

-

Mitchell

Project,

Refunding

Series

2013A,

(AMT),

(Mandatory

Put

6/18/27)

3

.000

06/01/37

114,227

400,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2024D

5

.000

11/01/27

414,618

500,000

West

Virginia

Housing

Development

Fund,

Housing

Finance

Revenue

Bonds,

Social

Series

2024D

5

.000

11/01/28

528,424

TOTAL

WEST

VIRGINIA

1,984,025

WISCONSIN

-

1.8%

155,000

Public

Finance

Authority

of

Wisconsin,

Hospital

Revenue

Bonds,

Carson

Valley

Medical

Center,

Series

2021A

3

.000

12/01/26

152,751

325,000

Public

Finance

Authority

of

Wisconsin,

Hospital

Revenue

Bonds,

Renown

Regional

Medical

Center

Project,

Series

2020A

5

.000

06/01/26

326,159

1,670,000

(a)

Public

Finance

Authority

of

Wisconsin,

Pollution

Control

Revenue

Bonds,

Duke

Energy

Progress

Project,

Refunding

Series

2022A-2,

(Mandatory

Put

10/01/26)

3

.300

10/01/46

1,671,870

1,300,000

Racine,

Racine

County,

Wisconsin,

General

Obligation

Bonds,

Promissory

Notes

Series

2025

4

.500

03/15/27

1,301,646

1,150,000

University

of

Wisconsin

Hospitals

and

Clinics

Authority,

Revenue

Bonds,

Sustainability

Series

2024A

5

.000

04/01/27

1,176,125

455,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Revenue

Bonds,

PHW

Muskego,

Inc.

Project,

Series

2021

5

.000

10/01/26

456,777

250,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

Agnesian

HealthCare,

Inc.,

Series

2017

5

.000

07/01/26

251,208

230,000

Wisconsin

Health

and

Educational

Facilities

Authority,

Wisconsin,

Revenue

Bonds,

PHM

/

New

Richmond

Senior

Housing,

Inc.,

Refunding

Series

2021

2

.250

07/01/26

228,356

Portfolio

of

Investments

March

31,

2026

(continued)

Short

Term

172

See

Notes

To

Financial

Statements

PRINCIPAL

DESCRIPTION

RATE

MATURITY

VALUE

WISCONSIN

(continued)

$

2,090,000

Wisconsin

State,

General

Obligation

Bonds,

Refunding

Series

2024-2

5

.000

%

05/01/28

$

2,195,751

TOTAL

WISCONSIN

7,760,643

WYOMING

-

0.1%

600,000

Consolidated

Wyoming

Municipalities

Electric

Power

System

Joint

Powers

Board,

Wyoming,

Electric

Facilities

Improvement

Lease

Revenue

Bonds,

Gillette

Electrical

System

Project,

Refunding

Series

2022

5

.000

06/01/26

602,230

TOTAL

WYOMING

602,230

TOTAL

MUNICIPAL

BONDS

(Cost

$421,725,985)

422,421,396

TOTAL

LONG-TERM

INVESTMENTS

(Cost

$421,725,985)

422,421,396

BORROWINGS

-

(1.1)%

(e)

(

4,445,750

)

OTHER

ASSETS

&

LIABILITIES,

NET

-  1.1%

4,425,150

NET

ASSETS

-

100%

$

422,400,796

AMT

Alternative

Minimum

Tax

(a)

Floating

or

variable

rate

security

includes

the

reference

rate

and

spread,

when

applicable.  For

mortgage-backed

or

asset-backed

securities

the

variable

rate

is

based

on

the

underlying

asset

of

the

security.

Coupon

rate

reflects

the

rate

at

period

end.

(b)

Security

is

exempt

from

registration

under

Rule

144A

of

the

Securities

Act

of

1933,

as

amended.

These

securities

are

deemed

liquid

and

may

be

resold

in

transactions

exempt

from

registration,

which

are

normally

those

transactions

with

qualified

institutional

buyers.

As

of

the

end

of

the

fiscal

period,

the

aggregate

value

of

these

securities

is

$5,792,527

or

1.4%

of

Total

Investments.

(c)

Backed

by

an

escrow

or

trust

containing

sufficient

U.S.

Government

or

U.S.

Government

agency

securities,

which

ensure

the

timely

payment

of

principal

and

interest.

(d)

When-issued

or

delayed

delivery

security.

(e)

Borrowings

as

a

percentage

of

Total

Investments

is

1.1%.

Statement

of

Assets

and

Liabilities

See

Notes

to

Financial

Statements

173

March

31,

2026

All-American

Intermediate

Duration

Limited

Term

Short

Term

ASSETS

Long-term

investments,

at

value

†

$

3,533,661,175‌

$

8,617,116,367‌

$

4,444,068,019‌

$

422,421,396‌

Affiliated

investments,

at

value

++

27,444,780‌

8,732,430‌

–‌

–‌

Short-term

investments,

at

value

◊

–‌

12,398,674‌

11,498,771‌

–‌

Cash

3,035,115‌

51,360,702‌

30,035,458‌

1,004,893‌

Receivables:

Interest

44,938,244‌

100,361,570‌

53,056,354‌

5,408,264‌

Investments

sold

13,438,456‌

24,089,316‌

38,759,098‌

1,230,000‌

Reimbursement

from

Adviser

6,807‌

2,166‌

–‌

31,139‌

Shares

sold

3,389,883‌

8,313,063‌

5,076,296‌

134,302‌

Sale

of

Vistra

Vision

interest

#

(1)

12,536,789‌

46,462,572‌

49,041,076‌

386,135‌

Other

378,670‌

526,062‌

351,316‌

76,990‌

Total

assets

3,638,829,919‌

8,869,362,922‌

4,631,886,388‌

430,693,119‌

LIABILITIES

Borrowings

–‌

–‌

–‌

4,445,750‌

Floating

rate

obligations

92,265,000‌

–‌

–‌

–‌

Payables:

Management

fees

1,209,363‌

2,820,313‌

1,382,475‌

143,077‌

Dividends

1,834,657‌

5,615,767‌

1,828,722‌

152,104‌

Interest

753,280‌

37,024‌

14,918‌

1,948‌

Investments

purchased

-

when-issued/delayed-delivery

settlement

48,506,212‌

81,006,349‌

13,274,274‌

1,520,997‌

Shares

redeemed

8,349,485‌

18,326,351‌

7,381,044‌

1,779,550‌

Vistra

Vision

sale

transactions

costs

(1)

288,064‌

1,067,594‌

1,126,841‌

8,872‌

Accrued

expenses:

Custodian

fees

443,442‌

651,149‌

514,489‌

79,945‌

Directors/Trustees

fees

312,701‌

495,466‌

338,675‌

35,998‌

Professional

fees

64,856‌

60,738‌

53,090‌

35,293‌

Shareholder

reporting

expenses

55,304‌

79,098‌

89,933‌

13,402‌

Shareholder

servicing

agent

fees

341,720‌

895,104‌

817,770‌

36,579‌

12b-1

distribution

and

service

fees

347,708‌

148,624‌

139,864‌

38,808‌

Other

13,193‌

18,368‌

9,735‌

—‌

Total

liabilities

154,784,985‌

111,221,945‌

26,971,830‌

8,292,323‌

Commitments

and

contingencies

(2)

Net

assets

$

3,484,044,934‌

$

8,758,140,977‌

$

4,604,914,558‌

$

422,400,796‌

NET

ASSETS

CONSIST

OF:

Paid-in

capital

$

4,605,561,101‌

$

9,192,244,551‌

$

4,780,775,133‌

$

439,109,636‌

Total

distributable

earnings

(loss)

(

1,121,516,167‌

)

(

434,103,574‌

)

(

175,860,575‌

)

(

16,708,840‌

)

Net

assets

$

3,484,044,934‌

$

8,758,140,977‌

$

4,604,914,558‌

$

422,400,796‌

†

Long-term

investments,

cost

$

3,589,308,225‌

$

8,889,740,057‌

$

4,542,618,913‌

$

421,725,985‌

++

Affiliated

investments,

cost

$

27,729,750‌

$

8,602,500‌

$

—‌

$

—‌

◊

Short-term

investments,

cost

$

—‌

$

12,400,000‌

$

11,499,924‌

$

—‌

#

Net

of

discount

of

$

557,031‌

$

2,064,413‌

$

2,178,980‌

$

17,157‌

(1)

Refer

to

Note

4

of

the

Notes

to

Financial

Statements

for

more

information.

(2)

As

disclosed

in

Notes

to

Financial

Statements.

Statement

of

Assets

and

Liabilities

(continued)

See

Notes

to

Financial

Statements

174

All-American

Intermediate

Duration

Limited

Term

Short

Term

CLASS

A:

Net

assets

$

1,658,487,413‌

$

747,345,623‌

$

743,132,064‌

$

203,006,075‌

Shares

outstanding

168,884,436‌

84,974,720‌

67,945,518‌

20,671,285‌

Net

asset

value

("NAV")

per

share

$

9.82‌

$

8.79‌

$

10.94‌

$

9.82‌

Maximum

sales

charge

4.20%

3.00%

2.50%

2.50%

Offering

price

per

share

(NAV

per

share

plus

maximum

sales

charge)

$

10.25‌

$

9.06‌

$

11.22‌

$

10.07‌

CLASS

C:

Net

assets

$

72,941,936‌

$

22,982,661‌

$

13,803,341‌

$

4,692,819‌

Shares

outstanding

7,429,712‌

2,611,495‌

1,267,531‌

479,458‌

NAV

and

offering

price

per

share

$

9.82‌

$

8.80‌

$

10.89‌

$

9.79‌

CLASS

R6:

Net

assets

$

135,369,749‌

$

—‌

$

—‌

$

—‌

Shares

outstanding

13,718,062‌

—‌

—‌

—‌

NAV

and

offering

price

per

share

$

9.87‌

$

—‌

$

—‌

$

—‌

CLASS

I:

Net

assets

$

1,617,245,836‌

$

7,987,812,693‌

$

3,847,979,153‌

$

214,701,902‌

Shares

outstanding

164,033,572‌

905,309,563‌

353,255,524‌

21,824,797‌

NAV

and

offering

price

per

share

$

9.86‌

$

8.82‌

$

10.89‌

$

9.84‌

Authorized

shares

-

per

class

Unlimited

Unlimited

Unlimited

2

billion

Par

value

per

share

$

0.01

$

0.01

$

0.01

$

0.0001

Statement

of

Operations

See

Notes

to

Financial

Statements

175

Year

Ended

March

31,

2026

All-American

Intermediate

Duration

Limited

Term

Short

Term

INVESTMENT

INCOME

Dividends

from

affiliated

investments

$

709,930‌

$

285,543‌

$

—‌

$

—‌

Interest

182,404,024‌

309,198,702‌

151,936,879‌

14,298,299‌

Total

investment

income

183,113,954‌

309,484,245‌

151,936,879‌

14,298,299‌

EXPENSES

–

–

–

–

Management

fees

14,799,483‌

31,282,013‌

16,267,760‌

1,682,292‌

12b-1

service

fees

-

Class

A

3,467,281‌

1,447,075‌

1,540,762‌

392,030‌

12b-1

distribution

and

service

fees

-

Class

C

875,081‌

256,458‌

166,050‌

51,645‌

Shareholder

servicing

agent

fees

-

Class

A

625,518‌

264,199‌

471,534‌

59,034‌

Shareholder

servicing

agent

fees

-

Class

C

31,600‌

9,359‌

10,152‌

1,552‌

Shareholder

servicing

agent

fees

-

Class

R6

6,838‌

—‌

—‌

—‌

Shareholder

servicing

agent

fees

-

Class

I

626,051‌

2,729,796‌

2,387,375‌

68,416‌

Interest

expense

4,450,931‌

178,107‌

144,702‌

51,590‌

Directors/Trustees

fees

178,810‌

399,411‌

226,734‌

20,726‌

Custodian

expenses,

net

354,917‌

534,198‌

408,814‌

64,192‌

Registration

fees

147,462‌

169,884‌

115,625‌

90,207‌

Professional

fees

111,220‌

138,726‌

46,522‌

51,640‌

Shareholder

reporting

expenses

104,974‌

165,080‌

169,051‌

27,294‌

Other

12,395‌

26,448‌

48,879‌

11,871‌

Total

expenses

before

fee

waiver/expense

reimbursement

25,792,561‌

37,600,754‌

22,003,960‌

2,572,489‌

Fee

waiver/expense

reimbursement

(57,216‌)

(22,834‌)

—‌

(341,705‌)

Net

expenses

25,735,345‌

37,577,920‌

22,003,960‌

2,230,784‌

Net

investment

income

(loss)

157,378,609‌

271,906,325‌

129,932,919‌

12,067,515‌

REALIZED

AND

UNREALIZED

GAIN

(LOSS)

Realized

gain

(loss)

from:

Investments

(1,887,351‌)

(1,623,936‌)

4,982,405‌

452,256‌

Futures

contracts

650,259‌

—‌

—‌

—‌

Net

realized

gain

(loss)

(1,237,092‌)

(1,623,936‌)

4,982,405‌

452,256‌

Change

in

unrealized

appreciation

(depreciation)

on:

Investments

(51,617,094‌)

63,186,830‌

32,394,416‌

(498,015‌)

Affiliated

investments

16,190‌

161,903‌

—‌

—‌

Net

change

in

unrealized

appreciation

(depreciation)

(51,600,904‌)

63,348,733‌

32,394,416‌

(498,015‌)

Net

realized

and

unrealized

gain

(loss)

(52,837,996‌)

61,724,797‌

37,376,821‌

(45,759‌)

Net

increase

(decrease)

in

net

assets

from

operations

$

104,540,613‌

$

333,631,122‌

$

167,309,740‌

$

12,021,756‌

Statement

of

Changes

in

Net

Assets

See

Notes

to

Financial

Statements

176

All-American

Intermediate

Duration

Year

Ended

3/31/26

Year

Ended

3/31/25

Year

Ended

3/31/26

Year

Ended

3/31/25

OPERATIONS

Net

investment

income

(loss)

$

157,378,609‌

$

170,457,795‌

$

271,906,325‌

$

243,470,963‌

Net

realized

gain

(loss)

(1,237,092‌)

1,366,546‌

(1,623,936‌)

49,642,861‌

Net

change

in

unrealized

appreciation

(depreciation)

(51,600,904‌)

(98,508,707‌)

63,348,733‌

(157,916,947‌)

Net

increase

(decrease)

in

net

assets

from

operations

104,540,613‌

73,315,634‌

333,631,122‌

135,196,877‌

DISTRIBUTIONS

TO

SHAREHOLDERS

Dividends:

Class

A

(74,016,084‌)

(76,635,222‌)

(23,201,937‌)

(22,409,276‌)

Class

C

(3,040,990‌)

(3,714,821‌)

(610,588‌)

(678,338‌)

Class

R6

(5,891,053‌)

(5,490,382‌)

—‌

—‌

Class

I

(77,948,046‌)

(80,835,437‌)

(254,179,940‌)

(219,001,552‌)

Total

distributions

(160,896,173‌)

(166,675,862‌)

(277,992,465‌)

(242,089,166‌)

FUND

SHARE

TRANSACTIONS

Subscriptions

1,001,215,508‌

797,338,410‌

3,182,734,996‌

1,992,487,176‌

Reinvestments

of

distributions

136,933,755‌

140,824,897‌

214,504,910‌

187,632,826‌

Redemptions

(1,504,212,820‌)

(1,288,486,105‌)

(2,357,130,460‌)

(1,825,307,273‌)

Net

increase

(decrease)

from

Fund

share

transactions

(366,063,557‌)

(350,322,798‌)

1,040,109,446‌

354,812,729‌

Net

increase

(decrease)

in

net

assets

(422,419,117‌)

(443,683,026‌)

1,095,748,103‌

247,920,440‌

Net

assets

at

the

beginning

of

period

3,906,464,051‌

4,350,147,077‌

7,662,392,874‌

7,414,472,434‌

Net

assets

at

the

end

of

period

$

3,484,044,934‌

$

3,906,464,051‌

$

8,758,140,977‌

$

7,662,392,874‌

See

Notes

to

Financial

Statements

177

Limited

Term

Short

Term

Year

Ended

3/31/26

Year

Ended

3/31/25

Year

Ended

3/31/26

Year

Ended

3/31/25

OPERATIONS

Net

investment

income

(loss)

$

129,932,919‌

$

133,405,880‌

$

12,067,515‌

$

12,410,509‌

Net

realized

gain

(loss)

4,982,405‌

64,598,345‌

452,256‌

589,338‌

Net

change

in

unrealized

appreciation

(depreciation)

32,394,416‌

(99,978,823‌)

(498,015‌)

1,462,162‌

Net

increase

(decrease)

in

net

assets

from

operations

167,309,740‌

98,025,402‌

12,021,756‌

14,462,009‌

DISTRIBUTIONS

TO

SHAREHOLDERS

Dividends:

Class

A

(21,080,583‌)

(21,888,542‌)

(5,695,521‌)

(5,217,884‌)

Class

C

(319,202‌)

(429,893‌)

(106,655‌)

(129,875‌)

Class

I

(113,572,313‌)

(116,835,869‌)

(7,024,356‌)

(7,152,465‌)

Total

distributions

(134,972,098‌)

(139,154,304‌)

(12,826,532‌)

(12,500,224‌)

FUND

SHARE

TRANSACTIONS

Subscriptions

1,085,596,647‌

1,109,047,713‌

193,088,331‌

148,665,351‌

Reinvestments

of

distributions

111,945,602‌

112,696,325‌

10,848,584‌

10,056,647‌

Redemptions

(1,349,857,437‌)

(1,685,090,763‌)

(193,200,509‌)

(244,382,912‌)

Net

increase

(decrease)

from

Fund

share

transactions

(152,315,188‌)

(463,346,725‌)

10,736,406‌

(85,660,914‌)

Net

increase

(decrease)

in

net

assets

(119,977,546‌)

(504,475,627‌)

9,931,630‌

(83,699,129‌)

Net

assets

at

the

beginning

of

period

4,724,892,104‌

5,229,367,731‌

412,469,166‌

496,168,295‌

Net

assets

at

the

end

of

period

$

4,604,914,558‌

$

4,724,892,104‌

$

422,400,796‌

$

412,469,166‌

Financial

Highlights

178

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)

(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

All-American

Class

A

3/31/26

$

9.96

$

0.41

$

(

0.13

)

$

0.28

$

(

0.42

)

$

—

$

(

0.42

)

$

9.82

3/31/25

10.20

0.41

(

0.25

)

0.16

(

0.40

)

—

(

0.40

)

9.96

3/31/24

10.13

0.38

0.06

0.44

(

0.37

)

—

(

0.37

)

10.20

3/31/23

11.08

0.36

(

0.97

)

(

0.61

)

(

0.34

)

—

(

0.34

)

10.13

3/31/22

12.09

0.34

(

1.01

)

(

0.67

)

(

0.34

)

—

(

0.34

)

11.08

Class

C

3/31/26

9.96

0.33

(

0.13

)

0.20

(

0.34

)

—

(

0.34

)

9.82

3/31/25

10.20

0.32

(

0.24

)

0.08

(

0.32

)

—

(

0.32

)

9.96

3/31/24

10.13

0.30

0.06

0.36

(

0.29

)

—

(

0.29

)

10.20

3/31/23

11.08

0.28

(

0.98

)

(

0.70

)

(

0.25

)

—

(

0.25

)

10.13

3/31/22

12.09

0.24

(

1.01

)

(

0.77

)

(

0.24

)

—

(

0.24

)

11.08

Class

R6

3/31/26

10.01

0.44

(

0.13

)

0.31

(

0.45

)

—

(

0.45

)

9.87

3/31/25

10.25

0.43

(

0.24

)

0.19

(

0.43

)

—

(

0.43

)

10.01

3/31/24

10.18

0.41

0.06

0.47

(

0.40

)

—

(

0.40

)

10.25

3/31/23

11.14

0.38

(

0.98

)

(

0.60

)

(

0.36

)

—

(

0.36

)

10.18

3/31/22

12.16

0.37

(

1.02

)

(

0.65

)

(

0.37

)

—

(

0.37

)

11.14

Class

I

3/31/26

10.01

0.44

(

0.14

)

0.30

(

0.45

)

—

(

0.45

)

9.86

3/31/25

10.24

0.43

(

0.24

)

0.19

(

0.42

)

—

(

0.42

)

10.01

3/31/24

10.18

0.40

0.05

0.45

(

0.39

)

—

(

0.39

)

10.24

3/31/23

11.13

0.38

(

0.97

)

(

0.59

)

(

0.36

)

—

(

0.36

)

10.18

3/31/22

12.14

0.37

(

1.02

)

(

0.65

)

(

0.36

)

—

(

0.36

)

11.13

(a)

Based

on

average

shares

outstanding.

(b)

Total

returns

are

at

NAV

and

do

not

include

any

sales

charge.

Total

returns

are

not

annualized.  

(c)

The

expense

ratios

reflect,

among

other

things,

the

interest

expense

deemed

to

have

been

paid

by

the

Fund

on

the

floating

rate

certificates

issued

by

the

special

purpose

trusts

for

the

self-deposited

inverse

floaters

held

by

the

Fund,

where

applicable,

as

described

in

Notes

to

Financial

Statements

and

the

interest

expense

and

fees

paid

on

borrowings,

as

described

in

Notes

to

Financial

Statements.

(d)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

See

Notes

to

Financial

Statements

179

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return

(b)

Net

Assets,

End

of

Period

(000)

Gross

Expenses

Including

Interest

(c)

Gross

Expenses

Excluding

Interest

Net

Expenses

Including

Interest

(c),(d)

Net

Expenses

Excluding

Interest

(d)

NII

(Loss)

(d)

Portfolio

Turnover

Rate

2

.89‌

%

$

1,658,487

0

.78‌

%

0

.66‌

%

0

.78‌

%

0

.66‌

%

4

.19‌

%

61‌

%

1

.53‌

1,836,003

0

.82‌

0

.66‌

0

.82‌

0

.66‌

3

.99‌

33‌

4

.47‌

2,057,942

0

.76‌

0

.67‌

0

.76‌

0

.67‌

3

.81‌

59‌

(

5

.48‌

)

2,207,643

0

.82‌

0

.66‌

0

.82‌

0

.66‌

3

.50‌

47‌

(

5

.76‌

)

3,012,154

0

.70‌

0

.64‌

0

.70‌

0

.64‌

2

.80‌

27‌

2

.08‌

72,942

1

.58‌

1

.46‌

1

.58‌

1

.46‌

3

.39‌

61‌

0

.74‌

101,990

1

.62‌

1

.46‌

1

.62‌

1

.46‌

3

.19‌

33‌

3

.68‌

138,312

1

.56‌

1

.47‌

1

.56‌

1

.47‌

3

.00‌

59‌

(

6

.26‌

)

184,011

1

.62‌

1

.46‌

1

.62‌

1

.46‌

2

.70‌

47‌

(

6

.54‌

)

265,767

1

.50‌

1

.44‌

1

.50‌

1

.44‌

2

.00‌

27‌

3

.14‌

135,370

0

.55‌

0

.43‌

0

.55‌

0

.43‌

4

.41‌

61‌

1

.82‌

131,342

0

.59‌

0

.43‌

0

.59‌

0

.43‌

4

.23‌

33‌

4

.71‌

137,329

0

.53‌

0

.44‌

0

.53‌

0

.44‌

4

.04‌

59‌

(

5

.30‌

)

142,935

0

.58‌

0

.42‌

0

.58‌

0

.42‌

3

.74‌

47‌

(

5

.58‌

)

159,516

0

.47‌

0

.41‌

0

.47‌

0

.41‌

3

.04‌

27‌

3

.02‌

1,617,246

0

.58‌

0

.46‌

0

.58‌

0

.46‌

4

.39‌

61‌

1

.86‌

1,837,129

0

.62‌

0

.46‌

0

.62‌

0

.46‌

4

.20‌

33‌

4

.60‌

2,016,564

0

.56‌

0

.47‌

0

.56‌

0

.47‌

4

.00‌

59‌

(

5

.23‌

)

2,264,482

0

.62‌

0

.46‌

0

.62‌

0

.46‌

3

.69‌

47‌

(

5

.55‌

)

4,249,974

0

.50‌

0

.44‌

0

.50‌

0

.44‌

3

.00‌

27‌

180

Financial

Highlights

(continued)

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)

(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

Intermediate

Duration

Class

A

3/31/26

$

8.73

$

0.28

$

0.06

$

0.34

$

(0.28)

$

—

$

(0.28)

$

8.79

3/31/25

8.85

0.27

(0.12)

0.15

(0.27)

—

(0.27)

8.73

3/31/24

8.77

0.25

0.07

0.32

(0.24)

—

(0.24)

8.85

3/31/23

9.05

0.21

(0.29)

(0.08)

(0.20)

—

(0.20)

8.77

3/31/22

9.57

0.18

(0.52)

(0.34)

(0.18)

—

(0.18)

9.05

Class

C

3/31/26

8.74

0.21

0.06

0.27

(0.21)

—

(0.21)

8.80

3/31/25

8.85

0.20

(0.12)

0.08

(0.19)

—

(0.19)

8.74

3/31/24

8.77

0.18

0.07

0.25

(0.17)

—

(0.17)

8.85

3/31/23

9.06

0.14

(0.30)

(0.16)

(0.13)

—

(0.13)

8.77

3/31/22

9.57

0.10

(0.51)

(0.41)

(0.10)

—

(0.10)

9.06

Class

I

3/31/26

8.76

0.29

0.07

0.36

(0.30)

—

(0.30)

8.82

3/31/25

8.88

0.29

(0.13)

0.16

(0.28)

—

(0.28)

8.76

3/31/24

8.80

0.26

0.08

0.34

(0.26)

—

(0.26)

8.88

3/31/23

9.08

0.23

(0.30)

(0.07)

(0.21)

—

(0.21)

8.80

3/31/22

9.60

0.20

(0.52)

(0.32)

(0.20)

—

(0.20)

9.08

(a)

Based

on

average

shares

outstanding.

(b)

Total

returns

are

at

NAV

and

do

not

include

any

sales

charge.

Total

returns

are

not

annualized.  

(c)

The

expense

ratios

reflect,

among

other

things,

the

interest

expense

deemed

to

have

been

paid

by

the

Fund

on

the

floating

rate

certificates

issued

by

the

special

purpose

trusts

for

the

self-deposited

inverse

floaters

held

by

the

Fund,

where

applicable,

as

described

in

Notes

to

Financial

Statements

and

the

interest

expense

and

fees

paid

on

borrowings,

as

described

in

Notes

to

Financial

Statements.

(d)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

See

Notes

to

Financial

Statements

181

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return

(b)

Net

Assets,

End

of

Period

(000)

Gross

Expenses

Including

Interest

(c)

Gross

Expenses

Excluding

Interest

Net

Expenses

Including

Interest

(c),(d)

Net

Expenses

Excluding

Interest

(d)

NII

(Loss)

(d)

Portfolio

Turnover

Rate

3.96‌

%

$

747,346

0.63‌

%

0.63‌

%

0.63‌

%

0.63‌

%

3.13‌

%

24‌

%

1.65‌

719,633

0.64‌

0.63‌

0.64‌

0.63‌

3.01‌

27‌

3.70‌

765,602

0.65‌

0.65‌

0.65‌

0.65‌

2.82‌

24‌

(0.90‌)

845,566

0.65‌

0.64‌

0.65‌

0.64‌

2.38‌

21‌

(3.66‌)

940,178

0.63‌

0.63‌

0.63‌

0.63‌

1.87‌

26‌

3.11‌

22,983

1.43‌

1.43‌

1.43‌

1.43‌

2.33‌

24‌

0.94‌

27,985

1.45‌

1.44‌

1.45‌

1.44‌

2.21‌

27‌

2.86‌

34,831

1.45‌

1.45‌

1.45‌

1.45‌

2.02‌

24‌

(1.80‌)

43,566

1.45‌

1.44‌

1.45‌

1.44‌

1.58‌

21‌

(4.34‌)

55,713

1.43‌

1.43‌

1.43‌

1.43‌

1.07‌

26‌

4.16‌

7,987,813

0.43‌

0.43‌

0.43‌

0.43‌

3.33‌

24‌

1.85‌

6,914,775

0.44‌

0.43‌

0.44‌

0.43‌

3.21‌

27‌

3.90‌

6,614,040

0.45‌

0.45‌

0.45‌

0.45‌

3.02‌

24‌

(0.67‌)

7,112,564

0.45‌

0.44‌

0.45‌

0.44‌

2.57‌

21‌

(3.46‌)

8,785,900

0.43‌

0.43‌

0.43‌

0.43‌

2.06‌

26‌

182

Financial

Highlights

(continued)

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)

(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

Limited

Term

Class

A

3/31/26

$

10.86

$

0.29

$

0.09

$

0.38

$

(

0.30

)

$

—

$

(

0.30

)

$

10.94

3/31/25

10.95

0.27

(

0.08

)

0.19

(

0.28

)

—

(

0.28

)

10.86

3/31/24

10.87

0.24

0.07

0.31

(

0.23

)

—

(

0.23

)

10.95

3/31/23

10.92

0.16

(

0.08

)

0.08

(

0.13

)

—

(

0.13

)

10.87

3/31/22

11.32

0.12

(

0.40

)

(

0.28

)

(

0.12

)

—

(

0.12

)

10.92

Class

C

3/31/26

10.81

0.20

0.09

0.29

(

0.21

)

—

(

0.21

)

10.89

3/31/25

10.91

0.18

(

0.09

)

0.09

(

0.19

)

—

(

0.19

)

10.81

3/31/24

10.82

0.15

0.08

0.23

(

0.14

)

—

(

0.14

)

10.91

3/31/23

10.88

0.07

(

0.08

)

(

0.01

)

(

0.05

)

—

(

0.05

)

10.82

3/31/22

11.27

0.03

(

0.39

)

(

0.36

)

(

0.03

)

—

(

0.03

)

10.88

Class

I

3/31/26

10.82

0.31

0.08

0.39

(

0.32

)

—

(

0.32

)

10.89

3/31/25

10.91

0.29

(

0.08

)

0.21

(

0.30

)

—

(

0.30

)

10.82

3/31/24

10.82

0.26

0.08

0.34

(

0.25

)

—

(

0.25

)

10.91

3/31/23

10.88

0.18

(

0.08

)

0.10

(

0.16

)

—

(

0.16

)

10.82

3/31/22

11.28

0.14

(

0.40

)

(

0.26

)

(

0.14

)

—

(

0.14

)

10.88

(a)

Based

on

average

shares

outstanding.

(b)

Total

returns

are

at

NAV

and

do

not

include

any

sales

charge.

Total

returns

are

not

annualized.  

(c)

The

expense

ratios

reflect,

among

other

things,

the

interest

expense

deemed

to

have

been

paid

by

the

Fund

on

the

floating

rate

certificates

issued

by

the

special

purpose

trusts

for

the

self-deposited

inverse

floaters

held

by

the

Fund,

where

applicable,

as

described

in

Notes

to

Financial

Statements

and

the

interest

expense

and

fees

paid

on

borrowings,

as

described

in

Notes

to

Financial

Statements.

See

Notes

to

Financial

Statements

183

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return

(b)

Net

Assets,

End

of

Period

(000)

Expenses

Including

Interest

(c)

Expenses

Excluding

Interest

NII

(Loss)

Portfolio

Turnover

Rate

3

.53‌

%

$

743,132

0

.63‌

%

0

.63‌

%

2

.61‌

%

30‌

%

1

.74‌

790,406

0

.63‌

0

.62‌

2

.45‌

27‌

2

.89‌

928,083

0

.63‌

0

.63‌

2

.19‌

22‌

0

.77‌

1,152,357

0

.61‌

0

.60‌

1

.45‌

33‌

(

2

.55‌

)

1,523,484

0

.59‌

0

.59‌

1

.05‌

28‌

2

.69‌

13,803

1

.43‌

1

.43‌

1

.81‌

30‌

0

.86‌

18,998

1

.43‌

1

.42‌

1

.64‌

27‌

2

.17‌

31,105

1

.43‌

1

.43‌

1

.38‌

22‌

(

0

.11‌

)

49,258

1

.41‌

1

.40‌

0

.65‌

33‌

(

3

.25‌

)

70,792

1

.39‌

1

.39‌

0

.26‌

28‌

3

.62‌

3,847,979

0

.43‌

0

.43‌

2

.81‌

30‌

1

.96‌

3,915,488

0

.43‌

0

.42‌

2

.65‌

27‌

3

.20‌

4,270,180

0

.43‌

0

.43‌

2

.38‌

22‌

0

.90‌

5,565,627

0

.41‌

0

.40‌

1

.65‌

33‌

(

2

.35‌

)

6,860,653

0

.39‌

0

.39‌

1

.25‌

28‌

184

Financial

Highlights

(continued)

The

following

data

is

for

a

share outstanding

for

each

fiscal year

end

unless

otherwise

noted:

Investment

Operations

Less

Distributions

Net

Asset

Value,

Beginning

of

Period

Net

Investment

Income

(NII)

(Loss)

(a)

Net

Realized/

Unrealized

Gain

(Loss)

Total

From

NII

From

Net

Realized

Gains

Total

Net

Asset

Value,

End

of

Period

Short

Term

Class

A

3/31/26

$

9.84

$

0.27

$

—

$

0.27

$

(

0.29

)

$

—

$

(

0.29

)

$

9.82

3/31/25

9.80

0.27

0.05

0.32

(

0.28

)

—

(

0.28

)

9.84

3/31/24

9.79

0.22

0.01

0.23

(

0.22

)

—

(

0.22

)

9.80

3/31/23

9.82

0.12

(

0.05

)

0.07

(

0.10

)

—

(

0.10

)

9.79

3/31/22

10.18

0.08

(

0.36

)

(

0.28

)

(

0.08

)

—

(

0.08

)

9.82

Class

C

3/31/26

9.80

0.19

—

0.19

(

0.20

)

—

(

0.20

)

9.79

3/31/25

9.76

0.19

0.05

0.24

(

0.20

)

—

(

0.20

)

9.80

3/31/24

9.76

0.14

—

0.14

(

0.14

)

—

(

0.14

)

9.76

3/31/23

9.79

0.04

(

0.04

)

—

(

0.03

)

—

(

0.03

)

9.76

3/31/22

10.15

(

—

)

(e)

(

0.36

)

(

0.36

)

(

—

)

(e)

—

—

9.79

Class

I

3/31/26

9.85

0.29

—

0.29

(

0.30

)

—

(

0.30

)

9.84

3/31/25

9.81

0.29

0.05

0.34

(

0.30

)

—

(

0.30

)

9.85

3/31/24

9.81

0.24

—

0.24

(

0.24

)

—

(

0.24

)

9.81

3/31/23

9.84

0.14

(

0.05

)

0.09

(

0.12

)

—

(

0.12

)

9.81

3/31/22

10.19

0.10

(

0.35

)

(

0.25

)

(

0.10

)

—

(

0.10

)

9.84

(a)

Based

on

average

shares

outstanding.

(b)

Total

returns

are

at

NAV

and

do

not

include

any

sales

charge.

Total

returns

are

not

annualized.  

(c)

The

expense

ratios

reflect,

among

other

things,

the

interest

expense

deemed

to

have

been

paid

by

the

Fund

on

the

floating

rate

certificates

issued

by

the

special

purpose

trusts

for

the

self-deposited

inverse

floaters

held

by

the

Fund,

where

applicable,

as

described

in

Notes

to

Financial

Statements

and

the

interest

expense

and

fees

paid

on

borrowings,

as

described

in

Notes

to

Financial

Statements.

(d)

After

fee

waiver

and/or

expense

reimbursement

from

the

Adviser,

where

applicable.

See

Notes

to

Financial

Statements

for

more

information.

(e)

Value

rounded

to

zero.

See

Notes

to

Financial

Statements

185

Ratio/Supplemental

Data

Ratios

to

Average

Net

Assets

Total

Return

(b)

Net

Assets,

End

of

Period

(000)

Gross

Expenses

Including

Interest

(c)

Gross

Expenses

Excluding

Interest

Net

Expenses

Including

Interest

(c),(d)

Net

Expenses

Excluding

Interest

(d)

NII

(Loss)

(d)

Portfolio

Turnover

Rate

2

.74‌

%

$

203,006

0

.69‌

%

0

.68‌

%

0

.61‌

%

0

.60‌

%

2

.72‌

%

46‌

%

3

.28‌

185,521

0

.71‌

0

.68‌

0

.63‌

0

.60‌

2

.79‌

29‌

2

.36‌

205,142

0

.72‌

0

.71‌

0

.72‌

0

.71‌

2

.27‌

41‌

0

.77‌

281,531

0

.69‌

0

.69‌

0

.69‌

0

.69‌

1

.20‌

52‌

(

2

.80‌

)

277,719

0

.67‌

0

.67‌

0

.67‌

0

.67‌

0

.77‌

37‌

1

.98‌

4,693

1

.49‌

1

.48‌

1

.41‌

1

.40‌

1

.92‌

46‌

2

.45‌

5,273

1

.51‌

1

.48‌

1

.43‌

1

.40‌

1

.99‌

29‌

1

.43‌

8,102

1

.52‌

1

.51‌

1

.52‌

1

.51‌

1

.46‌

41‌

0

.00‌

(e)

13,160

1

.49‌

1

.49‌

1

.49‌

1

.49‌

0

.41‌

52‌

(

3

.50‌

)

12,359

1

.47‌

1

.47‌

1

.47‌

1

.47‌

(

0

.02‌

)

37‌

3

.02‌

214,702

0

.49‌

0

.48‌

0

.41‌

0

.40‌

2

.92‌

46‌

3

.48‌

221,675

0

.51‌

0

.48‌

0

.43‌

0

.40‌

2

.99‌

29‌

2

.44‌

282,925

0

.52‌

0

.51‌

0

.52‌

0

.51‌

2

.45‌

41‌

0

.98‌

404,284

0

.49‌

0

.49‌

0

.49‌

0

.49‌

1

.39‌

52‌

(

2

.51‌

)

447,376

0

.47‌

0

.47‌

0

.47‌

0

.47‌

0

.97‌

37‌

186

Notes

to

Financial

Statements

1.

General

Information 

Trust

and

Fund

Information:

Nuveen

Municipal

Trust

and

Nuveen

Investment

Funds,

Inc.

(each

a

“Trust”

and

collectively,

the

“Trusts”),

are

open-end

management

investment

companies

registered

under

the

Investment

Company

Act

of

1940,

(the

“1940

Act”),

as

amended.

Nuveen

Municipal

Trust

is

comprised

of

Nuveen

All-American

Municipal

Bond

Fund

(“All-American”),

Nuveen

Intermediate

Duration

Municipal

Bond

Fund

(“Intermediate

Duration”)

and

Nuveen

Limited

Term

Municipal

Bond

Fund

(“Limited

Term”),

among

others,

and

Nuveen

Investment

Funds,

Inc.

is

comprised

of

Nuveen

Short

Term

Municipal

Bond

Fund

(“Short

Term”),

among

others,

(each

a

“Fund”

and

collectively,

the

“Funds”).

Nuveen

Municipal

Trust

was

organized

as

a

Massachusetts

business

trust

on

July

1,

1996.

Nuveen

Investment

Funds,

Inc.

was

incorporated

in

the

State

of

Maryland

on

August

20,

1987.

The

Funds,

were

each

organized

as

a

series

of

predecessor

trusts

or

corporations

prior

to

that

date.

Current

Fiscal

Period

:

The

end

of

the

reporting

period

for

the

Funds

is

March

31,

2026,

and

the

period

covered

by

these

Notes

to

Financial

Statements

is

the

fiscal

year

ended

March

31,

2026

(the

"current

fiscal

period").

Investment

Adviser

and

Sub-Adviser:

The

Funds’

investment

adviser,

Nuveen

Fund

Advisors,

LLC

(the

“Adviser”),

is

a

subsidiary

of

Nuveen,

LLC

(“Nuveen”).

Nuveen

is

the

investment

management

arm

of

Teachers

Insurance

and

Annuity

Association

of

America

(TIAA).

The

Adviser

has

overall

responsibility

for

management

of

the

Funds,

oversees

the

management

of

the

Funds’

portfolios,

manages

the

Funds’

business

affairs

and

provides

certain

clerical,

bookkeeping

and

other

administrative

services,

and,

if

necessary,

asset

allocation

decisions.

The

Adviser

has

entered

into

sub-

advisory

agreements

with

Nuveen

Asset

Management,

LLC

(the

“Sub-Adviser”),

a

subsidiary

of

the

Adviser,

under

which

the

Sub-Adviser

manages

the

investment

portfolios

of

the

Funds.

Share

Classes

and

Sales

Charges:

Class

A

Shares

are

generally

sold

with

an

up-front

sales

charge.

Class

A

Shares

purchases

of

$250,000

or

more

are

sold

at

net

asset

value

(“NAV”)

without

an

up-front

sales

charge

but

may

be

subject

to

a

contingent

deferred

sales

charge

(“CDSC”)

of

1%

(0.70%

for

Limited

Term

and

Short

Term)

if

redeemed

within

eighteen

months

(twelve

months

for

Short

Term)

of

purchase.

Class

C

Shares

are

sold

without

an

up-front

sales

charge.

Class

C

Shares

are

subject

to

a

CDSC

of

1%

if

redeemed

within

twelve

months

of

purchase.

Class

C

Shares

automatically

convert

to

Class

A

Shares

eight

years

after

purchase.

Class

R6

Shares

and

Class

I

Shares

are

sold

without

an

up-front

sales

charge.

2.

Significant

Accounting

Policies

The

accompanying

financial

statements

were

prepared

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

(“U.S.

GAAP”),

which

may

require

the

use

of

estimates

made

by

management

and

the

evaluation

of

subsequent

events.

Actual

results

may

differ

from

those

estimates.

The

Funds are investment

companies

and

follow

the accounting

guidance

in

the

Financial

Accounting

Standards

Board

(“FASB”)

Accounting

Standards

Codification

946,

Financial

Services

—

Investment

Companies.

The

NAV

for

financial

reporting

purposes

may

differ

from

the

NAV

for

processing

security

and common

share

transactions.

The

NAV

for

financial

reporting

purposes

includes

security

and

common

share

transactions

through

the

date

of

the

report.

Total

return

is

computed

based

on

the

NAV

used

for

processing

security

and

common

share

transactions.

The

following

is

a

summary

of

the

significant

accounting

policies

consistently

followed

by

the

Funds.

Compensation:

Neither

Trust

pays

compensation

directly

to

those

of its officers,

all

of

whom

receive

remuneration

for

their

services

to

each

Trust

from

the

Adviser

or

its

affiliates.

The

Funds’

Board

of

Directors/Trustees

(the

’’Board’’)

has

adopted

a

deferred

compensation

plan

for

independent

directors/trustees

that

enables

directors/trustees

to

elect

to

defer

receipt

of

all

or

a

portion

of

the

annual

compensation

they

are

entitled

to

receive

from

certain

Nuveen-advised

funds.

Under

the

plan,

deferred

amounts

are

treated

as

though

equal

dollar

amounts

had

been

invested

in

shares

of

select

Nuveen-advised

funds.

Custodian

Fee

Credit:

As

an

alternative

to

overnight

investments,

each

Fund

has

an

arrangement

with

its

custodian

bank,

State

Street

Bank

and

Trust

Company,

(the

“Custodian”)

whereby

certain

custodian

fees

and

expenses

are

reduced

by

net

credits

earned

on

each

Fund’s

cash

on

deposit

with

the

bank.

Credits

for

cash

balances

may

be

offset

by

charges

for

any

days

on

which

a

Fund

overdraws

its

account

at

the

Custodian.

The

amount

of

custodian

fee

credit

earned

by

a

Fund

is

recognized

on

the

Statement

of

Operations

as

a

component

of

“Custodian

expenses,

net.”

During

the

current

fiscal

period,

the

custodian

fee

credit

earned

by

each

Fund

was

as

follows:

Distributions

to

Shareholders:

Distributions

to

shareholders

are

recorded

on

the

ex-dividend

date.

The

amount,

character

and

timing

of

distributions

are

determined

in

accordance

with

federal

income

tax

regulations,

which

may

differ

from

U.S.

GAAP.

Indemnifications:

Under each

Trust’s

organizational

documents,

its

officers

and

directors/trustees

are

indemnified

against

certain

liabilities

arising

out

of

the

performance

of

their

duties

to each

Trust.

In

addition,

in

the

normal

course

of

business, each

Trust

enters

into

contracts

that

provide

general

indemnifications

to

other

parties. Each

Trust’s

maximum

exposure

under

these

arrangements

is

unknown

as

this

would

involve

future

claims

that

may

be

made

against each

Trust

that

have

not

yet

occurred.

However, each

Trust

has

not

had

prior

claims

or

losses

pursuant

to

these

contracts

and

expects

the

risk

of

loss

to

be

remote.

Fund

Gross

Custodian

Fee

Credits

All-American

$

—

Intermediate

Duration

—

Limited

Term

—

Short

Term

—

187

Investments

and

Investment

Income:

Securities

transactions

are

accounted

for

as

of

the

trade

date

for

financial

reporting

purposes.

Realized

gains

and

losses

on

securities

transactions

are

based

upon

the

specific

identification

method.

Investment

Income,

is

comprised

of

interest

income,

which

is

recorded

on

an

accrual

basis

and

includes

accretion

of

discounts

and

amortization

of

premiums

for

financial

reporting

purposes.

Investment

income

also

reflects

payment-in-kind

(“PIK”)

interest

and

paydown

gains

and

losses,

if

any.

PIK

interest

represents

income

received

in

the

form

of

securities

in

lieu

of

cash.

Dividend

income

is

recorded

on

the

ex-dividend

date.

Multiclass

Operations

and

Allocations:

Income

and

expenses

of

the

Funds

that

are

not

directly

attributable

to

a

specific

class

of

shares

are

prorated

among

the

classes

based

on

the

relative

value

of

the

settled

shares

of

each

class.

Expenses

directly

attributable

to

a

class

of

shares

are

recorded

to

the

specific

class.

12b-1

distribution

and

service

fees

are

allocated

on

a

class-specific

basis.

Sub-transfer

agent

fees

and

similar

fees,

which

are

recognized

as

a

component

of

“Shareholder

servicing

agent

fees”

on

the

Statement

of

Operations,

are

not

charged

to

Class

R6

Shares

and

are

prorated

among

the

other

classes

based

on

their

relative

settled

shares.

Realized

and

unrealized

capital

gains

and

losses

of

the

Funds

are

prorated

among

the

classes

based

on

the

relative

net

assets

of

each

class.

Netting

Agreements:

In

the

ordinary

course

of

business,

the

Funds

may

enter

into

transactions

subject

to

enforceable International

Swaps

and

Derivatives

Association,

Inc.

(ISDA)

master

agreements

or

other

similar

arrangements

(“netting

agreements”).

Generally,

the

right

to

offset

in

netting

agreements

allows

each

Fund

to

offset

certain

securities

and

derivatives

with

a

specific

counterparty,

when

applicable,

as

well

as

any

collateral

received

or

delivered

to

that

counterparty

based

on

the

terms

of

the

agreements.

Generally,

each

Fund

manages

its

cash

collateral

and

securities

collateral

on

a

counterparty

basis.

With

respect

to

certain

counterparties,

in

accordance

with

the

terms

of

the

netting

agreements,

collateral

posted

to

the

Funds

is

held

in

a

segregated

account

by

the

Funds’

custodian

and/or

with

respect

to

those

amounts

which

can

be

sold

or

repledged,

are

presented

in

the

Funds’

Portfolio

of

Investments

or

Statement

of

Assets

and

Liabilities.

The

Funds’

investments

subject

to

netting

agreements

as

of

the

end

of

the

current

fiscal

period,

if

any,

are

further

described

later

in

these

Notes

to

Financial

Statements.

Segment

Reporting:

Each

Fund

represents

a

single

operating

segment.

The

officers

of

the

Funds

act

as

the

chief

operating

decision

maker

(“CODM”),

as

defined

in

U.S.

GAAP.

The

CODM

monitors

the

operating

results

of

each

Fund

as

a

whole

and

is

responsible

for

each

Fund’s

long-

term

strategic

asset

allocation

in

accordance

with

the

terms

of

its

prospectus,

based

on

a

defined

investment

strategy

which

is

executed

by

the

Fund’s

portfolio

managers

as

a

team.

The

financial

information

in

the

form

of

the

Fund’s

portfolio

composition,

total

returns,

expense

ratios

and

changes

in

net

assets

(i.e.,

changes

in

net

assets

resulting

from

operations,

subscriptions

and

redemptions),

which

are

used

by

the

CODM

to

assess

the

segment’s

performance

versus

the

Fund’s

comparative

benchmarks

and

to

make

resource

allocation

decisions

for

the

Fund’s

single

segment,

is

consistent

with

that

presented

within

the

Fund’s

financial

statements.

Segment

assets

are

reflected

on

the

Statement

of

Assets

and

Liabilities

as

“total

assets”

and

significant

segment

revenues

and

expenses

are

listed

on

the

Statement

of

Operations.  

New

Accounting

Pronouncement

(ASU

No.

2023-09)

:

In

December

2023,

the

FASB

issued

Accounting

Standard

Update

("ASU")

No.

2023-09,

Income

Taxes

(Topic

740)

Improvements

to

Income

tax

disclosures

(“ASU

2023-09”).

The

primary

purpose

of

the

amendments

within

ASU

2023-09

is

to

enhance

the

transparency

and

decision

usefulness

of

income

tax

disclosures

primarily

related

to

the

rate

reconciliation

table

and

income

taxes

paid

information.

The

amendments

in

ASU

2023-09

are

effective

for

annual

periods

beginning

after

December

15,

2024.

During

the

current

fiscal

period,

the

Funds

adopted

the

new

guidance.

See

Note

7

for

more

income

tax

information. 

New

Accounting

Pronouncement

(ASU

No.

2025-11)

:

In

December

2025,

the

FASB

issued

ASU

No.

2025-11,

Interim

Reporting

(Topic

270)

Narrow

Scope

Improvements

(“ASU

2025-11”).

The

amendments

in

ASU

2025-11

provide

a

comprehensive

list

of

interim

disclosures

that

are

required

by

U.S.

GAAP.

ASU

2025-11

also

includes

a

disclosure

principle

that

requires

entities

to

disclose

events

since

the

end

of

the

last

annual

reporting

period

that

have

a

material

impact

on

the

entity.

The

amendments

in

ASU

2025-11

are

effective

for

interim

reporting

periods

within

annual

reporting

periods

beginning

after

December

15,

2027.

Early

adoption

is

permitted

for

all

entities.

Management

is

currently

evaluating

the

implications

of

these

changes

on

the

financial

statements.

3.

Investment

Valuation

and

Fair

Value

Measurements 

The

Funds’

investments

in

securities

are

recorded

at

their

estimated

fair

value

utilizing

valuation

methods

approved

by

the

Adviser,

subject

to

oversight

of

the Board.

Fair

value

is

defined

as

the

price

that

would

be

received

upon

selling

an

investment

or

transferring

a

liability

in

an

orderly

transaction

to

an

independent

buyer

in

the

principal

or

most

advantageous

market

for

the

investment.

U.S.

GAAP

establishes

the

three-tier

hierarchy

which

is

used

to

maximize

the

use

of

observable

market

data

and

minimize

the

use

of

unobservable

inputs

and

to

establish

classification

of

fair

value

measurements

for

disclosure

purposes.

Observable

inputs

reflect

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Observable

inputs

are

based

on

market

data

obtained

from

sources

independent

of

the

reporting

entity.

Unobservable

inputs

reflect

management’s

assumptions

about

the

assumptions

market

participants

would

use

in

pricing

the

asset

or

liability.

Unobservable

inputs

are

based

on

the

best

information

available

in

the

circumstances.

The

following

is

a

summary

of

the

three-tiered

hierarchy

of

valuation

input

levels.

Level

1

–

Inputs

are

unadjusted

and

prices

are

determined

using

quoted

prices

in

active

markets

for

identical

securities.

Level

2

–

Prices

are

determined

using

other

significant

observable

inputs

(including

quoted

prices

for

similar

securities,

interest

rates,

credit

spreads,

etc.).

Level

3

–

Prices

are

determined

using

significant

unobservable

inputs

(including

management’s

assumptions

in

determining

the

fair

value

of

investments).

A

description

of

the

valuation

techniques

applied

to

the

Funds’

major

classifications

of

assets

and

liabilities

measured

at

fair

value

follows:

188

Notes

to

Financial

Statements

(continued)

Equity

securities

and

exchange-traded

funds

listed

or

traded

on

a

national

market

or

exchange

are

valued

based

on

their

last

reported sales

price

or

official

closing

price of such

market

or

exchange

on

the

valuation

date.

Foreign

equity

securities

and

registered

investment

companies

that

trade

on

a

foreign

exchange

are

valued

at

the

last

reported sales

price

or

official

closing

price

on

the

principal

exchange

where

traded,

and

converted

to

U.S.

dollars

at

the

prevailing

rates

of

exchange

on

the valuation

date.

For

events affecting

the value

of

foreign

securities

between

the

time

when

the

exchange

on

which

they

are

traded

closes

and

the

time

when

the

Funds'

net

assets

are

calculated,

such

securities

will

be

valued

at

fair

value

in

accordance

with

procedures

adopted

by

the

Adviser,

subject

to

the

oversight

of

the

Board. To

the

extent

these

securities

are

actively

traded

and

no

valuation

adjustments

are

applied,

they

are

generally

classified

as

Level

1. When

valuation

adjustments

are

applied

to

the

most

recent

last

sales

price

or

official

closing

price, these

securities

are

generally

classified

as

Level

2.

Prices

of

fixed-income

securities

are

generally

provided

by

pricing

services

approved

by

the

Adviser,

which

is

subject

to

review

by

the

Adviser

and

oversight

of

the

Board. Pricing

services

establish

a

security’s

fair

value

using

methods

that

may

include

consideration

of

the

following:

yields

or

prices

of

investments

of

comparable

quality,

type

of

issue,

coupon,

maturity

and

rating,

market

quotes

or

indications

of

value

from

security

dealers,

evaluations

of

anticipated

cash

flows

or

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor’s

credit

characteristics

considered

relevant.

In

pricing

certain

securities,

particularly

less

liquid

and

lower

quality

securities,

pricing

services

may

consider

information

about

a

security,

its

issuer

or

market

activity

provided

by

the

Adviser.

These

securities

are

generally

classified

as

Level

2.

For

any

portfolio

security

or

derivative

for

which

market

quotations

are

not

readily

available

or

for

which

the

Adviser

deems

the

valuations

derived

using

the

valuation

procedures

described

above

not

to

reflect

fair

value,

the

Adviser

will

determine

a

fair

value

in

good

faith

using

alternative

procedures

approved

by

the

Adviser,

subject

to

the

oversight

of

the

Board.

As

a

general

principle,

the

fair

value

of

a

security

is

the

amount

that

the

owner

might

reasonably

expect

to

receive

for

it

in

a

current

sale.

A

variety

of

factors

may

be

considered

in

determining

the

fair

value

of

such

securities,

which

may

include

consideration

of

the

following:

yields

or

prices

of

investments

of

comparable

quality,

type

of

issue,

coupon,

maturity

and

rating,

market

quotes

or

indications

of

value

from

security

dealers,

evaluations

of

anticipated

cash

flows

or

collateral,

general

market

conditions

and

other

information

and

analysis,

including

the

obligor’s

credit

characteristics

considered

relevant.

To

the

extent

the

inputs

are

observable

and

timely,

the

values

would

be

classified

as

Level

2;

otherwise

they

would

be

classified

as

Level

3.

The

following

table

summarizes

the

market

value

of

the

Funds’

investments

as

of

the

end

of

the

current

fiscal

period,

based

on

the

inputs

used

to

value

them:

The

Funds

hold

liabilities

in

floating

rate

obligations,

where

applicable,

which

are

not

reflected

in

the

tables

above.

The

fair

values

of

the

Funds'

liabilities

for

floating

rate

obligations

approximate

their

liquidation

values.

Floating

rate

obligations

are

generally

classified

as

Level

2

and

further

described

in

these

Notes

to

Financial

Statements.

The

Funds,

where

applicable, have

a

receivable

for

the

sale

of

their

interest

in

Vistra

Vision,

which

is

not

reflected

in

the

tables

above.

The

carrying

value

of

this

receivable

approximates

fair

value.

The

“Receivable

for

sale

of

Vistra

Vision

interest”

is

generally

classified

as

Level

2

and

further

described

in

these

Notes

to

Financial

Statements.

All-American

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Exchange-Traded

Funds

$

27,444,780

$

–

$

–

$

27,444,780

Municipal

Bonds

–

3,533,588,811

482

3,533,589,293

Variable

Rate

Senior

Loan

Interests

–

–

32

32

Warrants

–

–

71,850

71,850

Total

$

27,444,780

$

3,533,588,811

$

72,364

$

3,561,105,955

Intermediate

Duration

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Exchange-Traded

Funds

$

8,732,430

$

–

$

–

$

8,732,430

Mortgage-Backed

Securities

–

45,638,322

–

45,638,322

Municipal

Bonds

–

8,571,322,715

–

8,571,322,715

Variable

Rate

Senior

Loan

Interests

–

–

155,330

155,330

Short-Term

Investments:

Municipal

Bonds

–

12,398,674

–

12,398,674

Total

$

8,732,430

$

8,629,359,711

$

155,330

$

8,638,247,471

Limited

Term

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

4,444,068,019

$

–

$

4,444,068,019

Short-Term

Investments:

Municipal

Bonds

–

11,498,771

–

11,498,771

Total

$

–

$

4,455,566,790

$

–

$

4,455,566,790

Short

Term

Level

1

Level

2

Level

3

Total

Long-Term

Investments:

Municipal

Bonds

$

–

$

422,421,396

$

–

$

422,421,396

Total

$

–

$

422,421,396

$

–

$

422,421,396

189

4.

Portfolio

Securities

Inverse

Floating

Rate

Securities:

Each

Fund

is

authorized

to

invest

in

inverse

floating

rate

securities.

An

inverse

floating

rate

security

is

created

by

depositing

a

municipal

bond

(referred

to

as

an

“Underlying

Bond”),

typically

with

a

fixed

interest

rate,

into

a

special

purpose

tender

option

bond

(“TOB”)

trust

(referred

to

as

the

“TOB

Trust”)

created

by

or

at

the

direction

of

one

or

more

Funds.

In

turn,

the

TOB

Trust

issues

(a)

floating

rate

certificates

(referred

to

as

“Floaters”),

in

face

amounts

equal

to

some

fraction

of

the

Underlying

Bond’s

par

amount

or

market

value,

and

(b)

an

inverse

floating

rate

certificate

(referred

to

as

an

“Inverse

Floater”)

that

represents

all

remaining

or

residual

interest

in

the

TOB

Trust.

Floaters

typically

pay

short-term

tax-exempt

interest

rates

to

third

parties

who

are

also

provided

a

right

to

tender

their

certificate

and

receive

its

par

value,

which

may

be

paid

from

the

proceeds

of

a

remarketing

of

the

Floaters,

by

a

loan

to

the

TOB

Trust

from

a

third

party

liquidity

provider

(“Liquidity

Provider”),

or

by

the

sale

of

assets

from

the

TOB

Trust.

The

Inverse

Floater

is

issued

to

a

long

term

investor,

such

as

one

or

more

Funds.

The

income

received

by

the

Inverse

Floater

holder

varies

inversely

with

the

short-term

rate

paid

to

holders

of

the

Floaters,

and

in

most

circumstances

the

Inverse

Floater

holder

bears

substantially

all

of

the

Underlying

Bond’s

downside

investment

risk

and

also

benefits

disproportionately

from

any

potential

appreciation

of

the

Underlying

Bond’s

value.

The

value

of

an

Inverse

Floater

will

be

more

volatile

than

that

of

the

Underlying

Bond

because

the

interest

rate

is

dependent

on

not

only

the

fixed

coupon

rate

of

the

Underlying

Bond

but

also

on

the

short-term

interest

paid

on

the

Floaters,

and

because

the

Inverse

Floater

essentially

bears

the

risk

of

loss

(and

possible

gain)

of

the

greater

face

value

of

the

Underlying

Bond.

The

Inverse

Floater

held

by

a

Fund

gives

the

Fund

the

right

to

(a)

cause

the

holders

of

the

Floaters

to

tender

their

certificates

at

par

(or

slightly

more

than

par

in

certain

circumstances),

and

(b)

have

the

trustee

of

the

TOB

Trust

(the

“Trustee”)

transfer

the

Underlying

Bond

held

by

the

TOB

Trust

to

the

Fund,

thereby

collapsing

the

TOB

Trust.

The

Fund

may

acquire

an

Inverse

Floater

in

a

transaction

where

it

(a)

transfers

an

Underlying

Bond

that

it

owns

to

a

TOB

Trust

created

by

a

third

party

or

(b)

transfers

an

Underlying

Bond

that

it

owns,

or

that

it

has

purchased

in

a

secondary

market

transaction

for

the

purpose

of

creating

an

Inverse

Floater,

to

a

TOB

Trust

created

at

its

direction,

and

in

return

receives

the

Inverse

Floater

of

the

TOB

Trust

(referred

to

as

a

“self-deposited

Inverse

Floater”).

A

Fund

may

also

purchase

an

Inverse

Floater

in

a

secondary

market

transaction

from

a

third

party

creator

of

the

TOB

Trust

without

first

owning

the

Underlying

Bond

(referred

to

as

an

“externally-deposited

Inverse

Floater”).

An

investment

in

a

self-deposited

Inverse

Floater

is

accounted

for

as

a

“financing”

transaction

(i.e.,

a

secured

borrowing).

For

a

self-deposited

Inverse

Floater,

the

Underlying

Bond

deposited

into

the

TOB

Trust

is

identified

in

the

Fund’s

Portfolio

of

Investments

as

“(UB)

–

Underlying

bond

of

an

inverse

floating

rate

trust

reflected

as

a

financing

transaction,”

with

the

Fund

recognizing

as

liabilities,

labeled

“Floating

rate

obligations”

on

the

Statement

of

Assets

and

Liabilities,

(a)

the

liquidation

value

of

Floaters

issued

by

the

TOB

Trust,

and

(b)

the

amount

of

any

borrowings

by

the

TOB

Trust

from

a

Liquidity

Provider

to

enable

the

TOB

Trust

to

purchase

outstanding

Floaters

in

lieu

of

a

remarketing.

In

addition,

the

Fund

recognizes

in

“Investment

Income”

the

entire

earnings

of

the

Underlying

Bond,

and

recognizes

(a)

the

interest

paid

to

the

holders

of

the

Floaters

or

on

the

TOB

Trust’s

borrowings,

and

(b)

other

expenses

related

to

remarketing,

administration,

trustee,

liquidity

and

other

services

to

a

TOB

Trust,

as

a

component

of

“Interest

expense”

on

the

Statement

of

Operations.

Earnings

due

from

the

Underlying

Bond

and

interest

due

to

the

holders

of

the

Floaters

as

of

the

end

of

the

fiscal

period

are

recognized

as

components

of

“Receivable

for

interest”

and

“Payable

for

interest”

on

the

Statement

of

Assets

and

Liabilities,

respectively.

In

contrast,

an

investment

in

an

externally-deposited

Inverse

Floater

is

accounted

for

as

a

purchase

of

the

Inverse

Floater

and

is

identified

in

the

Fund’s

Portfolio

of

Investments

as

“(IF)

–

Inverse

floating

rate

investment.”

For

an

externally-deposited

Inverse

Floater,

a

Fund’s

Statement

of

Assets

and

Liabilities

recognizes

the

Inverse

Floater

and

not

the

Underlying

Bond

as

an

asset,

and

the

Fund

does

not

recognize

the

Floaters,

or

any

related

borrowings

from

a

Liquidity

Provider,

as

a

liability.

Additionally,

the

Fund

reflects

in

“Investment

Income”

only

the

net

amount

of

earnings

on

the

Inverse

Floater

(net

of

the

interest

paid

to

the

holders

of

the

Floaters

or

the

Liquidity

Provider

as

lender,

and

the

expenses

of

the

Trust),

and

does

not

show

the

amount

of

that

interest

paid

or

the

expenses

of

the

TOB

Trust

as

described

above

as

interest

expense

on

the

Statement

of

Operations.

Fees

paid

upon

the

creation

of

a

TOB

Trust

for

self-deposited

Inverse

Floaters

and

externally-deposited

Inverse

Floaters

are

recognized

as

part

of

the

cost

basis

of

the

Inverse

Floater

and

are

capitalized

over

the

term

of

the

TOB

Trust.

As

of

the

end

of

the

fiscal

period,

the

aggregate

value

of

Floaters

issued

by

each

Fund’s

TOB

Trust

for

self-deposited

Inverse

Floaters

and

externally-

deposited

Inverse

Floaters

was

as

follows:

During

the

current

fiscal

period,

the

average

amount

of

Floaters

(including

any

borrowings

from

a

Liquidity

Provider)

outstanding,

and

the

average

annual

interest

rates

and

fees

related

to

self-deposited

Inverse

Floaters,

were

as

follows:

Fund

Floating

Rate

Obligations:

Self-

Deposited

Inverse

Floaters

Floating

Rate

Obligations:

Externally-Deposited

Inverse

Floaters

Total

All-American

$

92,265,000

$

—

$

92,265,000

Intermediate

Duration

—

—

—

Limited

Term

—

—

—

Short

Term

—

—

—

190

Notes

to

Financial

Statements

(continued)

TOB

Trusts

are

supported

by

a

liquidity

facility

provided

by

a

Liquidity

Provider

pursuant

to

which

the

Liquidity

Provider

agrees,

in

the

event

that

Floaters

are

(a)

tendered

to

the

Trustee

for

remarketing

and

the

remarketing

does

not

occur,

or

(b)

subject

to

mandatory

tender

pursuant

to

the

terms

of

the

TOB

Trust

agreement,

to

either

purchase

Floaters

or

to

provide

the

Trustee

with

an

advance

from

a

loan

facility

to

fund

the

purchase

of

Floaters

by

the

TOB

Trust.

In

certain

circumstances,

the

Liquidity

Provider

may

otherwise

elect

to

have

the

Trustee

sell

the

Underlying

Bond

to

retire

the

Floaters

that

were

tendered

and

not

remarketed

prior

to

providing

such

a

loan.

In

these

circumstances,

the

Liquidity

Provider

remains

obligated

to

provide

a

loan

to

the

extent

that

the

proceeds

of

the

sale

of

the

Underlying

Bond

are

not

sufficient

to

pay

the

purchase

price

of

the

Floaters.

The

size

of

the

commitment

under

the

loan

facility

for

a

given

TOB

Trust

is

at

least

equal

to

the

balance

of

that

TOB

Trust’s

outstanding

Floaters

plus

any

accrued

interest.

In

consideration

of

the

loan

facility,

fee

schedules

are

in

place

and

are

charged

by

the

Liquidity

Provider(s).

Any

loans

made

by

the

Liquidity

Provider

will

be

secured

by

the

purchased

Floaters

held

by

the

TOB

Trust.

Interest

paid

on

any

outstanding

loan

balances

will

be

effectively

borne

by

the

Fund

that

owns

the

Inverse

Floaters

of

the

TOB

Trust

that

has

incurred

the

borrowing

and

may

be

at

a

rate

that

is

greater

than

the

rate

that

would

have

been

paid

had

the

Floaters

been

successfully

remarketed.

As

described

above,

any

amounts

outstanding

under

a

liquidity

facility

are

recognized

as

a

component

of

“Floating

rate

obligations”

on

the

Statement

of

Assets

and

Liabilities

by

the

Fund

holding

the

corresponding

Inverse

Floaters

issued

by

the

borrowing

TOB

Trust.

As

of

the

end

of

the

fiscal

period,

there

were

no

loans

outstanding

under

any

such

facility.

Each

Fund

may

also

enter

into

shortfall

and

forbearance

agreements

(sometimes

referred

to

as

a

“recourse

arrangement”)

(TOB

Trusts

involving

such

agreements

are

referred

to

herein

as

“Recourse

Trusts”),

under

which

a

Fund

agrees

to

reimburse

the

Liquidity

Provider

for

the

Trust’s

Floaters,

in

certain

circumstances,

for

the

amount

(if

any)

by

which

the

liquidation

value

of

the

Underlying

Bond

held

by

the

TOB

Trust

may

fall

short

of

the

sum

of

the

liquidation

value

of

the

Floaters

issued

by

the

TOB

Trust

plus

any

amounts

borrowed

by

the

TOB

Trust

from

the

Liquidity

Provider,

plus

any

shortfalls

in

interest

cash

flows

(sometimes

referred

to

as

“shortfall

payments”).

Under

these

agreements,

a

Fund’s

potential

exposure

to

losses

related

to

or

on

an

Inverse

Floater

may

increase

beyond

the

value

of

the

Inverse

Floater

as

a

Fund

may

potentially

be

liable

to

fulfill

all

amounts

owed

to

holders

of

the

Floaters

or

the

Liquidity

Provider.

Any

such

shortfall

amount

in

the

aggregate

is

recognized

as

“Unrealized

depreciation

on

Recourse

Trusts”

on

the

Statement

of

Assets

and

Liabilities.

As

of

the

end

of

the

reporting

period,

the

Funds'

maximum

exposure

to

the

Floaters

issued

by

Recourse

Trusts

for

self-deposited

Inverse

Floaters

and

externally-deposited

Inverse

Floaters

was

as

follows:

Zero

Coupon

Securities:

A

zero

coupon

security

does

not

pay

a

regular

interest

coupon

to

its

holders

during

the

life

of

the

security.

Income

to

the

holder

of

the

security

comes

from

accretion

of

the

difference

between

the

original

purchase

price

of

the

security

at

issuance

and

the

par

value

of

the

security

at

maturity

and

is

effectively

paid

at

maturity.

The

market

prices

of

zero

coupon

securities

generally

are

more

volatile

than

the

market

prices

of

securities

that

pay

interest

periodically.

Purchases

and

Sales:

Long-term

purchases

and

sales

during

the

current fiscal

period

were

as

follows:

Fund

Average

Floating

Rate

Obligations

Outstanding

Average

Annual

Interest

Rate

And

Fees

All-American

$

137,624,726

3.06

%

Intermediate

Duration

—

—

Limited

Term

—

—

Short

Term

—

—

Fund

Maximum

Exposure

to

Recourse

Trusts:

Self-Deposited

Inverse

Floaters

Maximum

Exposure

to

Recourse

Trusts:

Externally-Deposited

Inverse

Floaters

Total

All-American

$

92,265,000

$

—

$

92,265,000

Intermediate

Duration

—

—

—

Limited

Term

—

—

—

Short

Term

—

—

—

Fund

Non-U.S.

Government

Purchases

U.S.

Government

Purchases

Non-U.S.

Government

Sales

and

Maturities

U.S.

Government

Sales

All-American

$

2,272,728,334

$

49,677,088

$

2,576,753,947

$

50,000,000

Intermediate

Duration

3,011,601,821

9,982,343

1,922,157,207

140,091

Limited

Term

1,357,174,925

—

1,530,812,101

—

Short

Term

213,170,615

—

195,416,166

—

191

The

Funds

may

purchase

securities

on

a

when-issued

or

delayed-delivery

basis.

Securities

purchased

on

a

when-issued

or

delayed-delivery

basis

may

have

extended

settlement

periods;

interest

income

is

not

accrued

until

settlement

date.

Any

securities

so

purchased

are

subject

to

market

fluctuation

during

this

period. If

a

Fund

has

outstanding

when-issued/delayed-delivery

purchases

commitments

as

of

the

end

of

the

current

fiscal

period,

such

amounts

are

recognized

on

the

Statement

of

Assets

and

Liabilities.

Sale

of

Vistra

Vision

interests:

On

September

18,

2024,

Vistra

Corp.

(“

Vistra

”)

and

Nuveen

agreed

to

terms

for

the

sale

of

the

Vistra

Vision

interest.

In

exchange

for

its

interest

in

Vistra

Vision,

the

Funds

agreed

to

receive

proceeds

from

the

sale

over

a

series

of

payments

from

Vistra

through

December

31,

2026.

The

resulting

receivables

have

been

discounted

using

an

effective

interest

rate

of

6.18%.

The

receivable,

net

of

discount,

and

related

transaction

costs

are

recognized

as

“Receivable

for

sale

of

Vistra

Vision

interest”

and

“Payable

for

Vistra

Vision

sale

transactions

costs,”

respectively,

on

the

Statement

of

Assets

and

Liabilities.

5.

Derivative

Investments

Each

Fund

is

authorized

to

invest

in

certain

derivative

instruments.

As

defined

by

U.S.

GAAP,

a

derivative

is

a

financial

instrument

whose

value

is

derived

from

an

underlying

security

price,

foreign

exchange

rate,

interest

rate,

index

of

prices

or

rates,

or

other

variables.

Investments

in

derivatives

as

of

the

end

of

and/or

during

the

current

fiscal

period,

if

any,

are

included

within

the

Statement

of

Assets

and

Liabilities

and

the

Statement

of

Operations,

respectively.

Futures

Contracts:

During

the

current

fiscal

period,

All-American

managed

the

duration

of

its

portfolio

by

shorting

interest

rate

futures

contracts.

A

futures

contract

is

an

agreement

between

two

parties

to

buy

and

sell

a

financial

instrument

for

a

set

price

on

a

future

date.

Upon

execution

of

a

futures

contract,

the

Fund

is

obligated

to

deposit

cash

or

eligible

securities,

also

known

as

“initial

margin,”

into

an

account

at

its

clearing

broker

equal

to

a

specified

percentage

of

the

contract

amount.

Securities

deposited

for

initial

margin,

if

any,

are

identified

in

the

Portfolio

of

Investments

and

cash

deposited

for

initial

margin,

if

any,

is

reflected

on

the

Statement

of

Assets

and

Liabilities.

During

the

period

the

futures

contract

is

open,

changes

in

the

market

value

of

the

contract

are

recognized

as

an

unrealized

gain

or

loss

by

“marking-

to-market”

on

a

daily

basis.

The

Fund

and

the

clearing

broker

are

obligated

to

settle

monies

on

a

daily

basis

representing

the

changes

in

the

value

of

the

contracts.

These

daily

cash

settlements

are

known

as

“variation

margin”

and

is

recognized

on

the

Statement

of

Assets

and

Liabilities

as

a

receivable

or

payable

for

variation

margin

on

futures

contracts.

When

the

contract

is

closed

or

expired,

the

Fund

records

a

realized

gain

or

loss

equal

to

the

difference

between

the

value

of

the

contract

on

the

closing

date

and

value

of

the

contract

when

originally

entered

into.

The

net

realized

gain

or

loss

and

the

change

in

unrealized

appreciation

(depreciation)

on

futures

contracts

held

during

the

period

is

included

on

the

Statement

of

Operations.

Risks

of

investments

in

futures

contracts

include

the

possible

adverse

movement

in

the

price

of

the

securities

or

indices

underlying

the

contracts,

the

possibility

that

there

may

not

be

a

liquid

secondary

market

for

the

contracts

and/or

that

a

change

in

the

value

of

the

contract

may

not

correlate

with

a

change

in

the

value

of

the

underlying

securities

or

indices.

The

average

notional

amount

of

futures

contracts

outstanding

during

the

current

fiscal

period

was

as

follows:

During

the

current

fiscal

period,

the

effect

of

derivative

contracts

on

the

Funds’

Statement

of

Operations

was

as

follows:

Market

and

Counterparty

Credit

Risk:

In

the

normal

course

of

business

each

Fund

may

invest

in

financial

instruments

and

enter

into

financial

transactions

where

risk

of

potential

loss

exists

due

to

changes

in

the

market

(market

risk)

or

failure

of

the

other

party

to

the

transaction

to

perform

(counterparty

credit

risk).

The

potential

loss

could

exceed

the

value

of

the

financial

assets

recorded

on

the

financial

statements.

Financial

assets,

which

potentially

expose

each

Fund

to

counterparty

credit

risk,

consist

principally

of

cash

due

from

counterparties

on

forward,

option

and

swap

transactions,

when

applicable.

The

extent

of

each

Fund’s

exposure

to

counterparty

credit

risk

in

respect

to

these

financial

assets

approximates

their

carrying

value

as

recorded

on

the

Statement

of

Assets

and

Liabilities.

Fund

Average

Notional

Amount

of

Futures

Contracts

Outstanding

*

All-American

$

–**

*

The

average

notional

amount

is

calculated

based

on

the

absolute

aggregate

notional

amount

of

contracts

outstanding

at

the

beginning

of

the

current

fiscal

period

and

at

the

end

of

each

fiscal

quarter

within

the

current

fiscal

period.

**

The

Fund

invested

in

futures

contracts

during

the

current

fiscal

period.

However,

the

Fund

did

not

hold

any

such

positions

at

the

beginning

of

the

fiscal

period

or

at

the

end

of

each

fiscal

quarter

within

the

current

fiscal

period

and

therefore

are

not

included

as

part

of

this

calculation.

Derivative

Instrument

Risk

Exposure

Net

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

All-American

Futures

contracts

Interest

rate

$

650,259

$

–

192

Notes

to

Financial

Statements

(continued)

Each

Fund

helps

manage

counterparty

credit

risk

by

entering

into

agreements

only

with

counterparties

the

Adviser

believes

have

the

financial

resources

to

honor

their

obligations

and

by

having

the

Adviser

monitor

the

financial

stability

of

the

counterparties.

Additionally,

counterparties

may

be

required

to

pledge

collateral

daily

(based

on

the

daily

valuation

of

the

financial

asset)

on

behalf

of

each

Fund

with

a

value

approximately

equal

to

the

amount

of

any

unrealized

gain

above

a

pre-determined

threshold.

Reciprocally,

when

each

Fund

has

an

unrealized

loss,

the

Funds

have

instructed

the

custodian

to

pledge

assets

of

the

Funds

as

collateral

with

a

value

approximately

equal

to

the

amount

of

the

unrealized

loss

above

a

pre-determined

threshold.

Collateral

pledges

are

monitored

and

subsequently

adjusted

if

and

when

the

valuations

fluctuate,

either

up

or

down,

by

at

least

the

pre-determined

threshold

amount.

6.

Fund

Shares

Transactions

in Fund

shares

during

the

current

and

prior

fiscal

period

were

as

follows:

Year

Ended

3/31/26

Year

Ended

3/31/25

All-American

Shares

Value

Shares

Value

Subscriptions:

Class

A

33,231,725

$328,570,552

27,065,412

$275,543,562

Class

A

-

automatic

conversion

of

Class

C

45,930

454,364

22,648

231,220

Class

C

1,381,601

13,668,237

1,064,843

10,849,623

Class

R6

5,601,442

55,596,369

4,467,976

45,570,171

Class

I

60,819,809

602,925,986

45,536,377

465,143,834

Total

subscriptions

101,080,507

1,001,215,508

78,157,256

797,338,410

Reinvestments

of

distributions:

Class

A

6,605,879

65,263,667

6,634,435

67,369,635

Class

C

290,114

2,864,628

339,725

3,449,481

Class

R6

390,128

3,874,558

349,075

3,561,863

Class

I

6,545,759

64,930,902

6,516,561

66,443,918

Total

reinvestments

of

distributions

13,831,880

136,933,755

13,839,796

140,824,897

Redemptions:

Class

A

(55,246,696)

(545,904,900)

(51,321,621)

(521,779,549)

Class

C

(4,432,684)

(43,835,599)

(4,710,751)

(47,899,211)

Class

C

-

automatic

conversion

to

Class

A

(45,941)

(454,364)

(22,651)

(231,220)

Class

R6

(5,389,041)

(53,341,513)

(5,098,971)

(52,021,380)

Class

I

(86,914,853)

(860,676,444)

(65,387,885)

(666,554,745)

Total

redemptions

(152,029,215)

(1,504,212,820)

(126,541,879)

(1,288,486,105)

Net

increase

(decrease)

(37,116,828)

$(366,063,557)

(34,544,827)

$(350,322,798)

Year

Ended

3/31/26

Year

Ended

3/31/25

Intermediate

Duration

Shares

Value

Shares

Value

Subscriptions:

Class

A

24,857,303

$219,280,610

13,669,407

$120,899,844

Class

A

-

automatic

conversion

of

Class

C

22,155

196,659

4,223

37,298

Class

C

482,952

4,242,810

588,891

5,228,313

Class

I

336,668,213

2,959,014,917

210,209,139

1,866,321,721

Total

subscriptions

362,030,623

3,182,734,996

224,471,660

1,992,487,176

Reinvestments

of

distributions:

Class

A

2,287,177

20,147,420

2,169,785

19,177,870

Class

C

64,238

565,619

70,805

626,096

Class

I

21,933,273

193,791,871

18,928,356

167,828,860

Total

reinvestments

of

distributions

24,284,688

214,504,910

21,168,946

187,632,826

Redemptions:

Class

A

(24,608,657)

(216,214,280)

(19,917,630)

(176,151,754)

Class

C

(1,117,052)

(9,822,962)

(1,385,606)

(12,272,296)

Class

C

-

automatic

conversion

to

Class

A

(22,155)

(196,659)

(4,219)

(37,298)

Class

I

(242,717,905)

(2,130,896,559)

(184,597,812)

(1,636,845,925)

Total

redemptions

(268,465,769)

(2,357,130,460)

(205,905,267)

(1,825,307,273)

Net

increase

(decrease)

117,849,542

$1,040,109,446

39,735,339

$354,812,729

193

7.

Income

Tax

Information

Each

Fund

is

a

separate

taxpayer

for

federal

income

tax

purposes.

Each

Fund

intends

to

distribute

substantially

all

of

its

net

investment

income

and

net

capital

gains

to

shareholders

and

otherwise

comply

with

the

requirements

of

Subchapter

M

of

the

Internal

Revenue

Code

applicable

to

regulated

investment

companies.

Therefore,

no

federal

income

tax

provision

is

required.

Each

Fund

intends

to

satisfy

conditions

that

will

enable

interest

from

municipal

securities,

which

is

exempt

from

regular

federal

income

tax,

to

retain

such

tax-exempt

status

when

distributed

to

shareholders

of

the

Funds.

Net

realized

capital

gains

and

ordinary

income

distributions

paid

by

the

Funds

are

subject

to

federal

taxation.

Each

Fund

files

income

tax

returns

in

U.S.

federal

and

applicable

state

and

local

jurisdictions.

A

Fund's

federal

income

tax

returns

are

generally

subject

to

examination

for

a

period

of

three

fiscal

years

after

being

filed.

State

and

local

tax

returns

may

be

subject

to

examination

for

an

additional

period

of

time

depending

on

the

jurisdiction.

Management

has

analyzed

each

Fund's

tax

positions

taken

for

all

open

tax

years

and

has

concluded

that

no

provision

for

income

tax

is

required

in

the

Fund's

financial

statements.

Differences

between

amounts

for

financial

statement

and

federal

income

tax

purposes

are

primarily

due

to

timing

differences

in

recognizing

gains

and

losses

on

investment

transactions.

Temporary

differences

do

not

require

reclassification.

As

of

year

end,

permanent

differences

that

resulted

in

reclassifications

among

the

components

of

net

assets

relate

primarily

to

paydowns

and

taxable

market

discount.

Temporary

and

permanent

differences

have

no

impact

on

a

Fund's

net

assets.

Year

Ended

3/31/26

Year

Ended

3/31/25

Limited

Term

Shares

Value

Shares

Value

Subscriptions:

Class

A

9,142,649

$100,288,939

7,166,218

$78,488,579

Class

A

-

automatic

conversion

of

Class

C

825

8,968

12,635

138,977

Class

C

151,746

1,662,219

134,396

1,462,823

Class

I

90,147,587

983,636,521

94,351,024

1,028,957,334

Total

subscriptions

99,442,807

1,085,596,647

101,664,273

1,109,047,713

Reinvestments

of

distributions:

Class

A

1,625,153

17,818,760

1,707,797

18,689,391

Class

C

28,585

311,924

38,121

415,361

Class

I

8,589,577

93,814,918

8,588,672

93,591,573

Total

reinvestments

of

distributions

10,243,315

111,945,602

10,334,590

112,696,325

Redemptions:

Class

A

(15,586,908)

(170,893,025)

(20,853,814)

(228,249,071)

Class

C

(668,676)

(7,307,174)

(1,254,630)

(13,689,773)

Class

C

-

automatic

conversion

to

Class

A

(829)

(8,968)

(12,689)

(138,977)

Class

I

(107,487,566)

(1,171,648,270)

(132,399,838)

(1,443,012,942)

Total

redemptions

(123,743,979)

(1,349,857,437)

(154,520,971)

(1,685,090,763)

Net

increase

(decrease)

(14,057,857)

$(152,315,188)

(42,522,108)

$(463,346,725)

Year

Ended

3/31/26

Year

Ended

3/31/25

Short

Term

Shares

Value

Shares

Value

Subscriptions:

Class

A

8,206,863

$80,857,689

5,116,424

$50,356,150

Class

C

243,973

2,390,950

174,234

1,705,425

Class

I

11,125,545

109,839,692

9,820,001

96,603,776

Total

subscriptions

19,576,381

193,088,331

15,110,659

148,665,351

Reinvestments

of

distributions:

Class

A

515,847

5,083,739

463,905

4,561,207

Class

C

9,764

95,860

11,613

113,723

Class

I

574,255

5,668,985

546,577

5,381,717

Total

reinvestments

of

distributions

1,099,866

10,848,584

1,022,095

10,056,647

Redemptions:

Class

A

(6,907,797)

(68,066,388)

(7,664,895)

(75,334,245)

Class

C

(312,249)

(3,067,302)

(478,065)

(4,680,899)

Class

I

(12,371,533)

(122,066,819)

(16,709,914)

(164,367,768)

Total

redemptions

(19,591,579)

(193,200,509)

(24,852,874)

(244,382,912)

Net

increase

(decrease)

1,084,668

$10,736,406

(8,720,120)

$(85,660,914)

194

Notes

to

Financial

Statements

(continued)

As

of

year

end,

the

aggregate

cost

and

the

net

unrealized

appreciation/(depreciation)

of

all

investments

for

federal

income

tax

purposes

were

as

follows:

For

purposes

of

this

disclosure,

tax

cost

generally

includes

the

cost

of

portfolio

investments

as

well

as

up-front

fees

or

premiums

exchanged

on

derivatives

and

any

amounts

unrealized

for

income

statement

reporting

but

realized

income

and/or

capital

gains

for

tax

reporting,

if

applicable.

As

of

year

end,

the

components

of

accumulated

earnings

on

a

tax

basis

were

as

follows:

The

tax

character

of

distributions

paid

was

as

follows:

As

of

year

end,

the

Funds

had

capital

loss

carryforwards,

which

will

not

expire:

As

of

year

end,

the

Funds

utilized

the

following

capital

loss

carryforwards:

8.

Management

Fees

and

Other

Transactions

with

Affiliates

Management

Fees:

Each

Fund’s

management

fee

compensates

the

Adviser

for

the

overall

investment

advisory

and

administrative

services

and

general

office

facilities.

The

Sub-Adviser

is

compensated

for

its

services

to

the

Funds

from

the

management

fees

paid

to

the

Adviser.

Fund

Tax

Cost

Gross

Unrealized

Appreciation

Gross

Unrealized

(Depreciation)

Net

Unrealized

Appreciation

(Depreciation)

All-American

$

3,518,315,849

$

70,028,340

$

(119,503,234)

$

(49,474,894)

Intermediate

Duration

8,899,662,928

104,354,528

(365,769,985)

(261,415,457)

Limited

Term

4,551,264,630

40,114,259

(135,812,099)

(95,697,840)

Short

Term

421,703,799

1,939,561

(1,221,964)

717,597

Fund

Undistributed

Tax-Exempt

Income

1

Undistributed

Ordinary

Income

Undistributed

Long-Term

Capital

Gains

Unrealized

Appreciation

(Depreciation)

Capital

Loss

Carryforwards

Late-Year

Loss

Deferrals

Other

Book-to-Tax

Differences

Total

All-American

$

15,510,552

$

601,146

$

—

$

(49,474,894)

$

(1,075,185,563)

$

—

$

(12,967,408)

$

(1,121,516,167)

Intermediate

Duration

26,604,171

910,860

—

(261,415,457)

(175,218,562)

—

(24,984,586)

(434,103,574)

Limited

Term

19,095,096

978,944

—

(95,697,840)

(89,024,874)

—

(11,211,901)

(175,860,575)

Short

Term

1,573,706

7,112

—

717,597

(17,976,258)

—

(1,030,997)

(16,708,840)

1

Undistributed

tax-exempt

income

(on

a

tax

basis)

has

not

been

reduced

for

the

dividends

declared

during

the

period

March

2,

2026

through

March

31,

2026

and

paid

on

April

1,

2026.

3/31/26

3/31/25

Fund

Tax-Exempt

Income

1

Ordinary

Income

Long-Term

Capital

Gains

Tax-Exempt

Income

Ordinary

Income

Long-Term

Capital

Gains

All-American

$

158,671,318

$

2,224,855

$

—

$

163,511,540

$

3,164,322

$

—

Intermediate

Duration

$

271,668,927

$

6,323,538

$

—

$

233,954,500

$

8,134,666

$

—

Limited

Term

$

128,492,999

$

6,479,099

$

—

$

131,052,380

$

8,101,924

$

—

Short

Term

$

12,769,663

$

56,869

$

—

$

12,444,845

$

55,379

$

—

1

Each

Fund

designates

these

amounts

paid

during

the

period

as

Exempt

Interest

Dividends.

Fund

Short-Term

Long-Term

Total

All-American

$

535,502,680

$

539,682,883

$

1,075,185,563

Intermediate

Duration

134,866,229

40,352,333

175,218,562

Limited

Term

89,024,874

—

89,024,874

Short

Term

2,253,303

15,722,955

17,976,258

Fund

Utilized

All-American

$

—

Intermediate

Duration

—

Limited

Term

5,165,449

Short

Term

398,094

195

Each

Fund’s

management

fee

consists

of

two

components

–

a

fund-level

fee,

based

only

on

the

amount

of

assets

within

each

individual

Fund,

and

a

complex-level

fee,

based

on

the

aggregate

amount

of

all

eligible

fund

assets

managed

by

the

Adviser.

This

pricing

structure

enables

each

Fund’s

shareholders

to

benefit

from

growth

in

the

assets

within

their

respective

Fund

as

well

as

from

growth

in

the

amount

of

complex-wide

assets

managed

by

the

Adviser.

The

annual

fund-level

fee,

payable

monthly,

for

each

Fund

is

calculated

according

to

the

following

schedule:

The

annual

complex-level

fee,

payable

monthly,

for

each

Fund

is

calculated

according

to

the

following

schedule:

*

The

complex-level

fee

is

calculated

based

upon

the

aggregate

daily

“eligible

assets”

of

all

Nuveen-branded

closed-end

funds

and

Nuveen

branded

open-end

funds

(“Nuveen

Mutual

Funds”).

Except

as

described

below,

eligible

assets

include

the

assets

of

all

Nuveen-branded

closed-end

funds

and

Nuveen

Mutual

Funds

organized

in

the

United

States.

Eligible

assets

do

not

include

the

net

assets

of:

Nuveen

fund-of-funds,

Nuveen

money

market

funds,

Nuveen

index

funds,

Nuveen

Large

Cap

Responsible

Equity

Fund

or

Nuveen

Life

Large

Cap

Responsible

Equity

Fund.

In

addition,

eligible

assets

include

a

fixed

percentage

of

the

aggregate

net

assets

of

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

by

the

Adviser’s

affiliate,

Teachers

Advisors,

LLC

(except

those

identified

above).

The

fixed

percentage

will

increase

annually

until

May

1,

2033,

at

which

time

eligible

assets

will

include

all

of

the

aggregate

net

assets

of

the

active

equity

and

fixed

income

Nuveen

Mutual

Funds

advised

by

Teachers

Advisors,

LLC

(except

those

identified

above).

Eligible

assets

include

closed-end

fund

assets

managed

by

the

Adviser

that

are

attributable

to

financial

leverage.

For

these

purposes,

financial

leverage

includes

the

closed-end

funds’

use

of

preferred

stock

and

borrowings

and

certain

investments

in

the

residual

interest

certificates

(also

called

inverse

floating

rate

securities)

in

tender

option

bond

(TOB)

trusts,

including

the

portion

of

assets

held

by

a

TOB

trust

that

has

been

effectively

financed

by

the

trust’s

issuance

of

floating

rate

securities,

subject

to

an

agreement

by

the

Adviser

as

to

certain

funds

to

limit

the

amount

of

such

assets

for

determining

eligible

assets

in

certain

circumstances.

As

of

the

end

of

the

current

fiscal

period,

the

complex-level

fee

rate

for

the

Fund

was

as

follows:

The

Adviser

has

agreed

to

waive

fees

and/or

reimburse

expenses

(“Expense

Cap”)

of

the

following

Funds

so

that

the

total

annual

Fund

operating

expenses

(excluding

12b-1

distribution

and/or

service

fees,

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

fees

incurred

in

acquiring

and

disposing

of

portfolio

securities

and

extraordinary

expenses)

do

not

exceed

the

average

daily

net

assets

of

any

class

of

Fund

shares

in

the

amounts

and

for

the

time

periods

stated

in

the

following

table.

The

expense

limitation

expiring

on

July

31,

2028,

may

be

terminated

or

modified

prior

to

the

date

only

with

the

approval

of

the

Board.

The

Adviser

has

voluntarily

agreed

to

waive

its

investment

management

fees

for

a

Fund,

and/or

reimburse

other

expenses

of

the

Fund,

in

an

amount

equal

to

the

management

fee

of

the

Nuveen

exchange-traded

funds

(the

“Nuveen

ETFs”)

paid

by

the

Fund

on

its

investment

in

the

Nuveen

ETFs

in

order

for

the

Fund’s

net

expenses

to

not

increase

due

to

the

impact

of

the

Nuveen

ETFs’

management

fees.

The

Adviser

will

adjust

each

Fund’s

other

Average

Daily

Net

Assets

All-

American

Intermediate

Duration

Limited

Term

Short

Term

For

the

first

$125

million

0.3000

%

0.3000

%

0.2500

%

0.2500

%

For

the

next

$125

million

0.2875

0.2875

0.2375

0.2375

For

the

next

$250

million

0.2750

0.2750

0.2250

0.2250

For

the

next

$500

million

0.2625

0.2625

0.2125

0.2125

For

the

next

$1

billion

0.2500

0.2500

0.2000

0.2000

For

the

next

$3

billion

0.2250

0.2250

0.1750

0.1750

For

the

next

$5

billion

0.2000

0.2000

0.1500

0.1500

For

net

assets

over

$10

billion

0.1875

0.1875

0.1375

0.1375

Complex-Level

Asset

Breakpoint

Level*

Complex-Level

Fee

For

the

first

$124.3

billion

0.1600

%

For

the

next

$75.7

billion

0.1350

For

the

next

$200

billion

0.1325

For

eligible

assets

over

$400

billion

0.1300

Fund

Complex-Level

Fee

All-American

0.1563

%

Intermediate

Duration

0.1563

Limited

Term

0.1563

Short

Term

0.1563

Fund

Temporary

Expense

Cap

Temporary

Expense

Cap

Expiration

Date

Permanent

Expense

Cap

Intermediate

Duration

N/A

N/A

0.75%

Short

Term

0.45%

7/31/2028

N/A

N/A

-

Not

Applicable.

196

Notes

to

Financial

Statements

(continued)

expense

reimbursement

arrangements,

as

necessary,

to

record

the

impact

of

this

waiver

and/or

reimbursement.

Such

voluntary

commitment

will

be

in

force

for

as

long

the

Fund

invests

in

the

Nuveen

ETFs

and

may

only

be

amended

with

approval

of

the

Board.

See

Affiliated

Investments

in

these

Notes

to

Financial

Statements

for

more

information

on

the

Nuveen

ETFs

held

by

the

Funds

during

the

current

fiscal

period.

Distribution

and

Service

Fees:

Each

Fund

has

adopted

a

distribution

and

service

plan

under

rule

12b-1

under

the

1940

Act.

Class

A

Shares

incur

a

0.20%

annual

12b-1

service

fee.

Class

C

Shares

incur

a

0.75%

annual

12b-1

distribution

fee

and

a

0.25%

annual

12b-1

service

fee. Class

R6

and

Class

I

Shares

are

not

subject

to

12b-1

distribution

or

service

fees.

The

fees

under

this

plan

compensate

Nuveen

Securities,

LLC,

(the

“Distributor”),

a

wholly-owned

subsidiary

of

Nuveen,

for

services

provided

and

expenses

incurred

in

distributing

shares

of

the

Funds

and

establishing

and

maintaining

shareholder

accounts.

Other

Transactions

with

Affiliates:

The

Funds are

permitted

to

purchase

or

sell

securities

from

or

to

certain

other

funds

or

accounts

managed

by

the

Sub-Adviser

or

by

an

affiliate

of

the

Adviser

(each

an,

“Affiliated

Entity”)

under

specified

conditions

outlined

in

procedures

adopted

by

the

Board

("cross-trade").

These

procedures

have

been

designed

to

ensure

that

any

cross-trade

of

securities

by

the

Fund

from

or

to

an

Affiliated

Entity

by

virtue

of

having

a

common

investment

adviser

(or

affiliated

investment

adviser),

common

officer

and/or

common

trustee

complies

with

Rule

17a-7

under

the

1940

Act.

These

transactions

are

effected

at

the

current

market

price

(as

provided

by

an

independent

pricing

service)

without

incurring

broker

commissions.

During

the

current

fiscal

period,

the

Funds

engaged

in

the

following

security

transactions

with

affiliated

entities:

During

the

current

fiscal

period,

the

Distributor,

collected

sales

charges

on

purchases

of

Class

A

Shares,

the

majority

of

which

were

paid

out

as

concessions

to

financial

intermediaries

as

follows:

The

Distributor

also

received

12b-1

service

fees

on

Class

A

Shares,

substantially

all

of

which

were

paid

to

compensate

financial

intermediaries

for

providing

services

to

shareholders

relating

to

their

investments.

During

the

current

fiscal

period,

the

Distributor

compensated

financial

intermediaries

directly

with

commission

advances

at

the

time

of

purchase

as

follows:

To

compensate

for

commissions

advanced

to

financial

intermediaries,

all

12b-1

service

and

distribution

fees

collected

on

Class

C

Shares

during

the

first

year

following

a

purchase

are

retained

by

the

Distributor.

During

the

current

fiscal

period,

the

Distributor

retained

such

12b-1

fees

as

follows:

Fund

Purchases

Sales

Realized

Gain

(Loss)

All-American

$

9,467,100

$

9,179,400

$

(1,374,446)

Intermediate

Duration

4,280,588

—

—

Limited

Term

3,678,041

—

—

Short

Term

—

9,113,375

582

Fund

Sales

Charges

Collected

(Unaudited)

Paid

to

Financial

Intermediaries

(Unaudited)

All-American

$

1,860,761

$

1,812,424

Intermediate

Duration

872,838

856,263

Limited

Term

219,273

209,655

Short

Term

135,414

132,772

Fund

Commission

Advances

(Unaudited)

All-American

$

1,557,658

Intermediate

Duration

824,420

Limited

Term

178,434

Short

Term

125,678

Fund

12b-1

Fees

Retained

(Unaudited)

All-American

$

58,171

Intermediate

Duration

23,726

Limited

Term

6,882

Short

Term

5,017

197

The

remaining

12b-1

fees

charged

to

each

Fund

were

paid

to

compensate

financial

intermediaries

for

providing

services

to

shareholders

relating

to

their

investments.

The

Distributor

also

collected

and

retained

CDSC

on

share

redemptions

during

the

current

fiscal

period,

as

follows: 

Affiliated

Investments:

 Investments

in

other

investment

companies

advised

by

the

Adviser

are

deemed

to

be “affiliated

investments”.

A

complete

schedule

of

the

portfolio

holdings

for

each

of

the

affiliated

investments

is

filed

with

the

SEC

for

the

first

and

third

quarters

of

each

fiscal

year

on

Form

N-PORT

and

is

available

on

the

SEC’s

website

at

www.sec.gov.

A

copy

of

the

annual

report,

semi-annual

report

and

financial

statements

is

available

for

each

of

the

affiliated

investments

at

https://www.nuveen.com/en-us/exchange-traded-funds/prospectuses,

or

upon

request

by

calling

(800)

257-

8787.

Information

regarding

transactions

with

affiliated investments

is

as

follows:

9.

Commitments

and

Contingencies

In

the

normal

course

of

business,

each

Fund

enters

into

a

variety

of

agreements

that

may

expose

the

Funds

to

some

risk

of

loss.

These

could

include

recourse

arrangements

for

certain

TOB

Trusts,

which

are

described

elsewhere

in

these

Notes

to

Financial

Statements.

The

risk

of

future

loss

arising

from

such

agreements,

while

not

quantifiable,

is

expected

to

be

remote.

As

of

the

end

of

the

fiscal

period,

the

Funds

did

not

have

any

unfunded

commitments.

From

time

to

time,

the

Funds

may

be

a

party

to

certain

legal

proceedings

in

the

ordinary

course

of

business,

including

proceedings

relating

to

the

enforcement

of

the

Funds’

rights

under

contracts.

As

of

the

end

of

the

fiscal

period,

the

Funds

are

not

subject

to

any

material

legal

proceedings.

10.

Borrowing

Arrangements

Line

of

Credit:

The

Funds,

along

with

certain

funds

managed

by

the

Adviser

or

by

an

affiliate

of

the

Adviser

(“Participating

Funds”),

have

established

a

364-day,

$2.7

billion

standby

credit

facility

with

a

group

of

lenders,

under

which

the

Participating

Funds

may

borrow

for

temporary

purposes

(other

than

on-going

leveraging

for

investment

purposes).

Each

Participating

Fund

is

allocated

a

designated

proportion

of

the

facility’s

capacity

(and

its

associated

costs,

as

described

below)

based

upon

a

multi-factor

assessment

of

the

likelihood

and

frequency

of

its

need

to

draw

on

the

facility,

the

size

of

the

Fund

and

its

anticipated

draws,

and

the

potential

importance

of

such

draws

to

the

operations

and

well-being

of

the

Fund,

relative

to

those

of

the

other

Funds.

A

Fund

may

effect

draws

on

the

facility

in

excess

of

its

designated

capacity

if

and

to

the

extent

that

other

Participating

Funds

have

undrawn

capacity.

The

credit

facility

expires

in

June

2026,

unless

extended

or

renewed. 

The

credit

facility

has

the

following

terms:

0.15%

per

annum

on

unused

commitment

amounts

and

a

drawn

interest

rate

equal

to

the

higher

of

(a)

OBFR

(Overnight

Bank

Funding

Rate)

plus

1.20%

per

annum

or

(b)

the

Fed

Funds

Effective

Rate

plus

1.20%

per

annum

on

amounts

borrowed. Interest

expense

incurred

by

the

Participating

Funds,

when

applicable,

is

recognized

as

a

component

of

“Interest

expense”

on

the

Statement

of

Operations.

Participating

Funds

paid

administration,

legal

and

arrangement

fees,

which

are

recognized

as

a

component

of

“Interest

expense”

on

the

Statement

of

Operations,

and

along

with

commitment

fees,

have

been

allocated

among

such

Participating

Funds

based

upon

the

relative

proportions

of

the

facility’s

aggregate

capacity

reserved

for

them

and

other

factors

deemed

relevant

by

the

Adviser

and

the

Board

of

each

Participating

Fund.

During

the

current

period,

the

following

Funds

utilized

this

facility.

The

Funds’

maximum

outstanding

balance

during

the

utilization

period

was

as

follows:

Fund

CDSC

Retained

(Unaudited)

All-American

$

139,983

Intermediate

Duration

19,491

Limited

Term

1,489

Short

Term

20,118

Issue

Value

at

3/31/25

Purchases

Cost

Sales

Proceeds

Realized

Gain

(Loss)

Change

in

Unrealized

Appreciation

(Depreciation)

Shares

at

3/31/26

Value

at

3/31/26

Dividend

Income

All-American

Exchange-Traded

Funds

Nuveen

Municipal

Income

ETF

$17,376,590

$10,052,000

$–

$–

$16,190

1,100,000

$27,444,780

$709,930

Total

$17,376,590

$10,052,000

$–

$–

$16,190

1,100,000

$27,444,780

$709,930

Intermediate

Duration

Exchange-Traded

Funds

Nuveen

Municipal

Income

ETF

$1,861,777

$6,708,750

$–

$–

$161,903

350,000

$8,732,430

$285,543

Total

$1,861,777

$6,708,750

$–

$–

$161,903

350,000

$8,732,430

$285,543

198

Notes

to

Financial

Statements

(continued)

During

each

Fund’s

utilization

period(s)

during

the

current

fiscal

period,

the

average

daily

balance

outstanding

and

average

annual

interest

rate

on

the

Borrowings

were

as

follows:

Borrowings

outstanding

as

of

the

end

of

the

fiscal

period,

if

any,

are

recognized

as

“Borrowings”

on

the

Statement

of

Assets

and

Liabilities.

Fund

Maximum

Outstanding

Balance

All-American

$

42,400,000

Intermediate

Duration

47,000,000

Limited

Term

32,600,000

Short

Term

13,404,626

Fund

Utilization

Period

(Days

Outstanding)

Average

Daily

Balance

Outstanding

Average

Annual

Interest

Rate

All-American

51

$

16,259,414

5.19

%

Intermediate

Duration

5

18,697,347

5.21

Limited

Term

7

8,661,565

5.50

Short

Term

17

6,797,081

5.49

199

Important

Tax

Information

(Unaudited)

As

required

by

the

Internal

Revenue

Code

and

Treasury

Regulations,

certain

tax

information,

as

detailed

below,

must

be

provided

to

shareholders.

Shareholders

are

advised

to

consult

their

tax

advisor

with

respect

to

the

tax

implications

of

their

investment.

The

amounts

listed

below

may

differ

from

the

actual

amounts

reported

on

Form

1099-DIV,

which

will

be

sent

to

shareholders

shortly

after

calendar

year

end.

Long-Term

Capital

Gains

As

of

year

end,

each

Fund

designates

the

following

distribution

amounts,

or

maximum

amount

allowable,

as

being

from net

long-term

capital

gains

pursuant

to

Section

852(b)(3)

of

the

Internal

Revenue

Code:

Fund

Net

Long-Term

Capital

Gains

All-American

$

—

Intermediate

Duration

—

Limited

Term

—

Short

Term

—

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable.

Item 9. Proxy Disclosures for Open-End Management Investment Companies.

Not applicable.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

The Fund does not pay any remuneration to its officers, but the Fund does reimburse Nuveen Fund Advisors, LLC, the Fund’s investment adviser and an affiliate of the Fund’s officers, for an allocable portion of Nuveen Fund Advisors, LLC’s cost of the compensation for the Fund’s Chief Compliance Officer. The aggregate remuneration paid to the directors/trustees (all of whom are independent) and to Nuveen Fund Advisors, LLC, the Fund’s investment adviser and an affiliate of the Fund’s officers, by the Fund is reported as “Directors/Trustees fees” and “Management fees” on the Statement of Operations under Item 7 of this Form N-CSR.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Not applicable.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 13. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to open-end investment companies.

Item 15. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s Board of Trustees implemented after the registrant last provided disclosure in response to this Item.

Item 16. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

(a) Not applicable to open-end investment companies.

(b) Not applicable to open-end investment companies.

Item 18. Recovery of Erroneously Awarded Compensation.

(a) Not applicable.

(b) Not applicable.

Item 19. Exhibits.

(a)(1) Not applicable because the code of ethics is available, upon request and without charge, by calling 800-257-8787 and there were no amendments during the period covered by this report.

(a)(2) Not applicable.

(a)(3) Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 and Section 906 of the Sarbanes-Oxley Act of 2002 is attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Nuveen Investment Funds, Inc.

Date: June 5, 2026	By:	/s/ Jordan M. Farris
		Jordan M. Farris
		Chief Administrative Officer

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Date: June 5, 2026	By:	/s/ Jordan M. Farris
		Jordan M. Farris
		Chief Administrative Officer (principal executive officer)
Date: June 5, 2026	By:	/s/ Marc Cardella
		Marc Cardella
		Vice President and Controller (principal financial officer)