Investment Portfolio as of August 31, 2019 (Unaudited)

DWS Strategic Municipal Income Trust

			Principal Amount ($)				Value ($)
Municipal Bonds and Notes 135.1%
Alabama 0.3%
Alabama, UAB Medicine Finance Authority Revenue, Series B2, 5.0%, 9/1/2041				325,000			388,188
Arizona 3.6%
Arizona, State Industrial Development Authority, 1st Tier Great Lakes Senior Living Revenue Communities Project, Series A, 5.0%, 1/1/2054				500,000			570,785
Arizona, State Industrial Development Authority, 3rd Tier Great Lakes Senior Living Revenue Communities Project:
	Series C, 144A, 5.0%, 1/1/2049			200,000			211,276
	Series C, 144A, 5.5%, 1/1/2054			300,000			328,833
Arizona, State University, Green Bond, Series A, 5.0%, 7/1/2043				2,000,000			2,549,640
Glendale, AZ, Industrial Development Authority, Terrace of Phoenix Project, 5.0%, 7/1/2048				60,000			64,266
Phoenix, AZ, Industrial Development Authority, Education Facility Revenue, Leman Academy of Excellence, ORO Valley Project:
	Series A, 144A, 5.0%, 7/1/2038			195,000			202,211
	Series A, 144A, 5.25%, 7/1/2048			250,000			259,470
Tempe, AZ, Industrial Development Authority Revenue, Mirabella at ASU Project, Series A, 144A, 6.125%, 10/1/2047				255,000			293,972
Yavapai County, AZ, Industrial Development Authority, Hospital Facility, Regional Medical Center, 4.0%, 8/1/2043				675,000			755,224
							5,235,677
California 11.8%
California, Golden State Tobacco Securitization Corp., Tobacco Settlement Revenue:
	Series A-1, 5.0%, 6/1/2047			300,000			307,698
	Series A-1, 5.25%, 6/1/2047			200,000			206,470
California, M-S-R Energy Authority, Series B, 7.0%, 11/1/2034				1,310,000			2,041,543
California, Morongo Band of Mission Indians Revenue, Series B, 144A, 5.0%, 10/1/2042				115,000			130,995
California, South Bayside Waste Management Authority, Solid Waste Enterprise, Shoreway Environmental, Series A, 6.25%, 9/1/2029				1,425,000			1,425,000
California, State General Obligation:
	5.0%, 11/1/2043			1,300,000			1,489,852
	5.25%, 4/1/2035			1,230,000			1,361,057
	5.5%, 3/1/2040			1,000,000			1,021,810
California, State Municipal Finance Authority Revenue, LINXS Apartment Project:
	Series A, AMT, 5.0%, 12/31/2043			300,000			363,354
	Series A, AMT, 5.0%, 12/31/2047			160,000			192,651
	Series A, AMT, 5.0%, 6/1/2048			60,000			72,051
California, State Pollution Control Financing Authority, Solid Waste Disposal Revenue, Rialto Bioenergy Facility LLC Project, Green Bonds Revenue, AMT, 144A, 7.5%, 12/1/2040				500,000			525,045
California, State Public Works Board Lease Revenue, Capital Projects, Series I-1, Prerefunded, 6.375%, 11/1/2034				1,000,000			1,008,690
California, Statewide Communities Development Authority Revenue, Loma Linda University Medical Center:
	Series A, 5.25%, 12/1/2044			195,000			219,332
	Series A, 144A, 5.25%, 12/1/2056			735,000			840,546
	Series A, 5.5%, 12/1/2054			195,000			220,294
	Series A, 144A, 5.5%, 12/1/2058			105,000			125,228
California, Statewide Communities Development Authority, College Housing Revenue, NCCD- Hooper Street LLC, College of the Arts Project, 144A, 5.25%, 7/1/2049				825,000			957,520
Riverside County, CA, Transportation Commission Toll Revenue Senior Lien, Series A, 5.75%, 6/1/2048				1,000,000			1,117,450
San Buenaventura, CA, Community Memorial Health Systems, 7.5%, 12/1/2041				500,000			559,740
San Francisco, CA, City & County Airports Commission, International Airport Revenue:
	Series A, AMT, 5.0%, 5/1/2044			1,000,000			1,134,050
	Series A, AMT, 5.0%, 5/1/2049			1,110,000			1,359,450
San Joaquin Hills, CA, Transportation Corridor Agency, Toll Road Revenue, Series A, 5.0%, 1/15/2050				445,000			507,198
							17,187,024
Colorado 3.8%
Colorado, High Performance Transportation Enterprise Revenue, C-470 Express Lanes, 5.0%, 12/31/2056				225,000			248,618
Colorado, Park Creek Metropolitan District Revenue, Senior Ltd. Property Tax Supported, Series A, 5.0%, 12/1/2045				235,000			268,603
Colorado, Public Energy Authority, Natural Gas Purchased Revenue, 6.25%, 11/15/2028				635,000			826,662
Colorado, State Health Facilities Authority Revenue, Covenant Retirement Communities:
	Series A, 5.0%, 12/1/2033			440,000			480,955
	Series A, 5.0%, 12/1/2035			250,000			286,235
Colorado, State Health Facilities Authority Revenue, School Health Systems, Series A, 5.5%, 1/1/2035				1,000,000			1,162,540
Colorado, State Health Facilities Authority, Hospital Revenue, Covenant Retirement Communities Obligated Group:
	Series A, 5.0%, 12/1/2043			165,000			193,892
	Series A, 5.0%, 12/1/2048			260,000			304,611
Denver City & County, CO, Special Facilities Airport Revenue, United Airlines, Inc. Project, AMT, 5.0%, 10/1/2032				200,000			220,484
Denver, CO, City & County Airport Revenue:
	Series A, AMT, 5.0%, 12/1/2048			585,000			713,963
	Series A, AMT, 5.25%, 11/15/2043			600,000			679,608
Denver, CO, Health & Hospital Authority, Certificates of Participation, 5.0%, 12/1/2048				140,000			165,123
							5,551,294
Connecticut 0.1%
Connecticut, Mashantucket Western Pequot Tribe Bond, 6.05%, 7/1/2031*				2,952,922			101,138
Connecticut, State Health & Educational Facilities Authority Revenue, Covenant Home, Inc., Series B, 5.0%, 12/1/2040				85,000			100,434
							201,572
District of Columbia 1.0%
District of Columbia, Ingleside Rock Creek Project:
	Series A, 5.0%, 7/1/2042			130,000			140,365
	Series A, 5.0%, 7/1/2052			195,000			209,645
District of Columbia, Metropolitan Airport Authority Systems Revenue:
	Series A, AMT, 5.0%, 10/1/2038			200,000			222,850
	Series A, AMT, 5.0%, 10/1/2043			850,000			945,701
							1,518,561
Florida 10.9%
Collier County, FL, Industrial Development Authority, Continuing Care Community Revenue, Arlington of Naples Project, Series A,144A, 8.125%, 5/15/2044				290,000			280,108
Davie, FL, Educational Facilities Revenue, Nova Southestern University Project, 5.0%, 4/1/2048				335,000			397,518
Florida, Capital Trust Agency, Educational Facilities Authority, Charter Educational Foundation Project, Series A, 144A, 5.375%, 6/15/2048				230,000			255,909
Florida, Capital Trust Agency, Senior Living Revenue, American Eagle Portfolio Project, Series A-1, 5.875%, 7/1/2054				1,000,000			1,068,340
Florida, Development Finance Corp., Surface Transportation Facilities Revenue, Virgin Trains USA Passenger Rail Project, Series A, 144A, AMT, 6.5% **, 1/1/2049				355,000			338,595
Florida, Tolomato Community Development District, Special Assessment:
	Series 2015-1, Step-up Coupon, 0% to 11/1/2021, 6.61% to 5/1/2040			250,000			212,127
	Series 2015-2, Step-up Coupon, 0% to 11/1/2024, 6.61% to 5/1/2040			150,000			105,125
	Series A-4, Step-up Coupon, 0% to 5/1/2022, 6.61% to 5/1/2040			55,000			47,184
	Series 3, 6.55%, 5/1/2027 *			130,000			1
	Series 2015-3, 6.61%, 5/1/2040 *			165,000			2
Florida, Village Community Development District No. 12, Special Assessment Revenue:
	144A, 4.25%, 5/1/2043			400,000			430,156
	144A, 4.375%, 5/1/2050			300,000			323,403
Florida, Village Community Development District No. 9, Special Assessment Revenue, 5.5%, 5/1/2042				145,000			154,650
Greater Orlando, FL, Aviation Authority Airport Facilities Revenue, Series A, AMT, 5.0%, 10/1/2047				400,000			478,760
Hillsborough County, FL, Aviation Authority, Tempa International Airport, Series A, AMT, 5.0%, 10/1/2048				500,000			605,395
Lake County, FL, Senior Living Revenue, Village Veranda at Lady Lake Project, Series A-1, 144A, 7.125%, 1/1/2052				300,000			311,793
Martin County, FL, Health Facilities Authority, Martin Memorial Medical Center, Prerefunded, 5.5%, 11/15/2042				335,000			366,828
Miami Beach, FL, Health Facilities Authority, Mount Sinai Medical Center, 5.0%, 11/15/2044				500,000			563,125
Miami-Dade County, FL, Aviation Revenue:
	Series A, AMT, 5.0%, 10/1/2031			30,000			32,908
	Series B, AMT, 5.0%, 10/1/2040			470,000			568,691
	Series A, Prerefunded, 5.5%, 10/1/2041			3,000,000			3,010,050
Miami-Dade County, FL, Health Facilities Authority Hospital Revenue, Nicklaus Children's Hospital, 5.0%, 8/1/2047				665,000			790,446
Orlando & Orange County, FL, Expressway Authority Revenue, Series C, Prerefunded, 5.0%, 7/1/2035				830,000			856,776
Tallahassee, FL, Health Facilities Revenue, Memorial Healthcare, Inc. Project, Series A, 5.0%, 12/1/2055				1,150,000			1,303,789
Tampa-Hillsborough County, FL, Expressway Authority:
	Series A, 5.0%, 7/1/2031			1,500,000			1,644,795
	Series A, 5.0%, 7/1/2037			1,590,000			1,745,852
							15,892,326
Georgia 4.7%
Americus-Sumter County, GA, Hospital Authority, Magnolia Manor Obligated Group, Series A, 6.25%, 5/15/2033				1,000,000			1,119,270
Atlanta, GA, Airport Revenue, Series C, AMT, 5.0%, 1/1/2037				375,000			403,230
Atlanta, GA, Water & Wastewater Revenue, Series A, Prerefunded, 6.25%, 11/1/2034				1,000,000			1,008,200
Cobb County, GA, Kennestone Hospital Authority, Revenue Anticipation Certificates, Wellstar Health System, Series A, 5.0%, 4/1/2047				175,000			206,808
DeKalb County, GA, Water & Sewer Revenue, Series A, 5.25%, 10/1/2036				1,000,000			1,080,130
Fulton County, GA, Development Authority Hospital Revenue, Revenue Anticipation Certificates, Wellstar Health System, Series A, 5.0%, 4/1/2042				210,000			249,732
Gainesville & Hall County, GA, Development Authority Retirement Community Revenue, ACTS Retirement Life Community, Series A-2, Prerefunded, 6.625%, 11/15/2039				1,000,000			1,010,730
Gainesville & Hall County, GA, Hospital Authority, Northeast Georgia Health System, Inc. Project:
	Series A, 5.25%, 8/15/2049			100,000			118,014
	Series A, 5.5%, 8/15/2054			180,000			214,544
Georgia, Main Street Natural Gas, Inc., Gas Project Revenue, Series A, 5.5%, 9/15/2024				1,220,000			1,450,128
							6,860,786
Guam 1.6%
Guam, Government General Obligation, Series A, Prerefunded, 7.0%, 11/15/2039				1,000,000			1,011,710
Guam, International Airport Authority Revenue, Series C, AMT, 6.375%, 10/1/2043				215,000			252,064
Guam, Port Authority Revenue, Series A, 5.0%, 7/1/2048				65,000			77,930
Guam, Power Authority Revenue, Series A, Prerefunded, 5.5%, 10/1/2030				1,000,000			1,047,100
							2,388,804
Hawaii 1.2%
Hawaii, State Airports Systems Revenue, Series A, AMT, 5.0%, 7/1/2041				695,000			810,342
Hawaii, State Department of Budget & Finance Special Purpose Revenue, 3.2%, 7/1/2039				855,000			889,405
							1,699,747
Illinois 13.6%
Chicago, IL, Board of Education:
	Series A, 5.0%, 12/1/2030			100,000			117,419
	Series A, 5.0%, 12/1/2032			105,000			122,295
	Series A, 5.0%, 12/1/2033			100,000			116,169
	Series H, 5.0%, 12/1/2036			245,000			278,489
	Series H, 5.0%, 12/1/2046			140,000			156,332
Chicago, IL, General Obligation:
	Series A, 5.0%, 1/1/2044			200,000			227,960
	Series A, 5.5%, 1/1/2049			215,000			255,349
	Series A, 6.0%, 1/1/2038			455,000			546,200
Chicago, IL, O'Hare International Airport Revenue:
	Series A, AMT, 5.0%, 1/1/2037			1,500,000			1,851,810
	Series C, AMT, 5.0%, 1/1/2046			1,000,000			1,136,610
	Series B, Prerefunded, 6.0%, 1/1/2041			2,000,000			2,131,000
Chicago, IL, O'Hare International Airport Revenue, Senior Lien:
	Series D, AMT, 5.0%, 1/1/2047			415,000			486,729
	Series A, AMT, 5.0%, 1/1/2053			500,000			600,135
Chicago, IL, O'Hare International Airport, Special Facility Revenue, AMT, 5.0%, 7/1/2048				130,000			153,824
Illinois, Finance Authority Revenue, The Admiral at Lake Project, Series A, Prerefunded, 8.0%, 5/15/2040				1,000,000			1,046,760
Illinois, Metropolitan Pier & Exposition Authority Revenue, McCormick Place Expansion Project:
	Series B, 5.0%, 6/15/2052			520,000			548,350
	Series A, 5.0%, 6/15/2057			390,000			437,978
Illinois, Metropolitan Pier & Exposition Authority, Dedicated State Tax Revenue, Capital Appreciation-McCormick, Series A, Zero Coupon, 6/15/2036, INS: NATL				3,000,000			1,801,950
Illinois, Railsplitter Tobacco Settlement Authority, Prerefunded, 6.0%, 6/1/2028				365,000			395,696
Illinois, State Finance Authority Revenue, 5.0%, 2/15/2037				1,000,000			1,004,910
Illinois, State Finance Authority Revenue, OSF Healthcare Systems, Series A, 5.0%, 11/15/2045				525,000			597,991
Illinois, State Finance Authority Revenue, Park Place of Elmhurst Project, Series C, 2.0%, 5/15/2055*				150,000			4,500
Illinois, State Finance Authority Revenue, Three Crowns Park Obligated Group, 5.25%, 2/15/2047				325,000			352,917
Illinois, State Finance Authority Revenue, Trinity Health Corp., Series L, Prerefunded, 5.0%, 12/1/2030				1,000,000			1,084,710
Illinois, State General Obligation:
	5.0%, 2/1/2027			500,000			585,435
	Series D, 5.0%, 11/1/2027			500,000			587,495
	5.0%, 2/1/2029			225,000			261,716
	Series A, 5.0%, 10/1/2033			620,000			727,496
	Series B, 5.0%, 10/1/2033			395,000			463,485
	Series A, 5.0%, 12/1/2038			350,000			400,092
	Series A, 5.0%, 12/1/2039			750,000			855,435
Springfield, IL, Electric Revenue, Senior Lien, 5.0%, 3/1/2040, INS: AGMC				385,000			439,943
							19,777,180
Indiana 3.3%
Indiana, State Finance Authority Revenue, BHI Senior Living Obligated Group, Series A, 5.25%, 11/15/2046				365,000			421,641
Indiana, State Finance Authority Revenue, Community Foundation of Northwest Indiana, 5.0%, 3/1/2041				1,000,000			1,070,930
Indiana, State Finance Authority Revenue, Greencroft Obligation Group, Series A, 7.0%, 11/15/2043				460,000			527,726
Indiana, State Finance Authority, Health Facilities Revenue, Baptist Healthcare System, Series A, 5.0%, 8/15/2051				1,560,000			1,813,032
Valparaiso, IN, Exempt Facilities Revenue, Pratt Paper LLC Project, AMT, 7.0%, 1/1/2044, GTY: Pratt Industries (U.S.A.), Inc.				780,000			924,175
							4,757,504
Iowa 1.3%
Iowa, State Finance Authority Revenue, Lifespace Communities, Inc. Obligated group:
	Series A, 5.0%, 5/15/2043			290,000			333,146
	Series A, 5.0%, 5/15/2047			1,000,000			1,128,470
	Series A, 5.0%, 5/15/2048			425,000			486,663
							1,948,279
Kansas 0.6%
Kansas, State Development Finance Authority Revenue, Village Shalom Project, Series A, 5.25%, 11/15/2053				500,000			533,715
Wyandotte County, KS, Unified Government, Legends Apartments Garage & West Lawn Project, 4.5%, 6/1/2040				305,000			321,153
							854,868
Kentucky 3.2%
Columbia, KY, Educational Development Revenue, Lindsey Wilson College Project, 5.0%, 12/1/2033				440,000			499,686
Kentucky, Economic Development Finance Authority, Hospital Facilities Revenue, Owensboro Medical Health Systems, Series A, Prerefunded, 6.5%, 3/1/2045				2,000,000			2,077,680
Kentucky, Public Transportation Infrastructure Authority Toll Revenue, 1st Tier-Downtown Crossing, Series A, 6.0%, 7/1/2053				1,440,000			1,644,192
Kentucky, State Economic Development Finance Authority, Owensboro Health, Inc., Obligated Group:
	Series A, 5.0%, 6/1/2045			130,000			148,414
	Series A, 5.25%, 6/1/2041			190,000			223,520
							4,593,492
Louisiana 2.2%
Calcasieu Parish, LA, Memorial Hospital Service, District Hospital Revenue, 5.0%, 12/1/2039 (a)				500,000			596,510
Louisiana, New Orleans Aviation Board, General Airport North Terminal, Series B, AMT, 5.0%, 1/1/2048				140,000			163,013
Louisiana, Public Facilities Authority Revenue, Ochsner Clinic Foundation Project, 5.0%, 5/15/2046				1,000,000			1,170,980
Louisiana, State Local Government Environmental Facilities & Community Development Authority Revenue, Westlake Chemical Corp. Project, 3.5%, 11/1/2032				1,010,000			1,082,417
Louisiana, Tobacco Settlement Financing Corp. Revenue, Series A, 5.25%, 5/15/2035				180,000			198,785
							3,211,705
Maine 0.8%
Maine, Health & Higher Educational Facilities Authority Revenue, Maine General Medical Center, 6.75%, 7/1/2036				1,000,000			1,085,380
Maryland 1.1%
Maryland, State Health & Higher Educational Facilities Authority Revenue, Adventist Healthcare, Series A, 5.5%, 1/1/2046				375,000			445,669
Maryland, State Health & Higher Educational Facilities Authority Revenue, Meritus Medical Center Obligated Group, 5.0%, 7/1/2040				1,000,000			1,150,750
							1,596,419
Massachusetts 0.8%
Massachusetts, State Development Finance Agency Revenue, Linden Ponds, Inc. Facility, Series B, 11/15/2056*				505,485			150,776
Massachusetts, State Development Finance Agency Revenue, NewBridge Charles, Inc., 144A, 5.0%, 10/1/2057				100,000			110,582
Massachusetts, State Health & Educational Facilities Authority Revenue, Milford Regional Medical Center, Series E, 5.0%, 7/15/2037				950,000			956,973
							1,218,331
Michigan 4.1%
Dearborn, MI, Economic Development Corp. Revenue, Limited Obligation, Henry Ford Village, 144A, 7.5%, 11/15/2044				495,000			491,594
Detroit, MI, Water & Sewerage Department, Sewerage Disposal System Revenue, Series A, 5.25%, 7/1/2039				280,000			306,863
Detroit, MI, Water Supply Systems Revenue, Series A, 5.75%, 7/1/2037				1,000,000			1,080,440
Kalamazoo, MI, Economic Development Corp. Revenue, Limited Obligation, Heritage Community, 5.5%, 5/15/2036				1,000,000			1,001,610
Michigan, State Building Authority Revenue, Facilities Program, Series I-A, 5.5%, 10/15/2045				2,000,000			2,165,500
Michigan, State Finance Authority Revenue, Detroit Water & Sewer, Series C-3, 5.0%, 7/1/2033, INS: AGMC				180,000			208,195
Michigan, State Finance Authority Revenue, Detroit Water & Sewer Department, Series C, 5.0%, 7/1/2035				90,000			105,503
Tawas City, MI, Hospital Finance Authority, St. Joseph Health Services, Series A, ETM, 5.75%, 2/15/2023				605,000			606,936
							5,966,641
Minnesota 1.0%
Bethel, MN, Senior Housing Revenue, Lodge at Stillwater LLC Project:
	5.0%, 6/1/2048			80,000			84,762
	5.0%, 6/1/2053			50,000			52,796
	5.25%, 6/1/2058			130,000			138,392
Duluth, MN, Economic Development Authority, Health Care Facilities Revenue, Essentia Health Obligated Group:
	Series A, 5.0%, 2/15/2048			200,000			237,702
	Series A, 5.0%, 2/15/2053			565,000			667,152
Minneapolis, MN, Health Care Systems Revenue, Fairview Health Services, Series A, 5.0%, 11/15/2049				205,000			249,136
							1,429,940
Mississippi 0.7%
Lowndes County, MS, Solid Waste Disposal & Pollution Control Revenue, Weyerhaeuser Co. Project, Series A, 6.8%, 4/1/2022				250,000			277,930
Mississippi, State Business Finance Corp., Solid Waste Disposal Revenue, Waste Pro U.S.A., Inc. Project, AMT, 144A, 5.0% **, 2/1/2036				145,000			154,767
West Rankin, MS, Utility Authority Revenue, 5.0%, 1/1/2048, INS: AGMC				500,000			592,700
							1,025,397
Missouri 2.4%
Kansas City, MO, Industrial Development Authority, Airport Special Obligation, International Airport Terminal Modernization Project, Series B, AMT, 5.0%, 3/1/2049, INS: AGMC				1,000,000			1,229,210
Kansas City, MO, Land Clearance Redevelopment Authority Project Revenue, Convention Center Hotel Project:
	Series B, 144A, 5.0%, 2/1/2040			200,000			222,452
	Series B, 144A, 5.0%, 2/1/2050			220,000			240,825
Lee's Summit, MO, Industrial Development Authority, Senior Living Facilities Revenue, John Knox Village Project, Series A, 5.0%, 8/15/2042				500,000			564,305
Missouri, State Health & Educational Facilities Authority Revenue, Medical Research, Lutheran Senior Services, Series A, 5.0%, 2/1/2046				65,000			73,198
Missouri, State Health & Educational Facilities Authority, Health Facilities Revenue, Lester E Cox Medical Centers, Series A, 5.0%, 11/15/2048				150,000			164,771
St. Louis County, MO, Industrial Development Authority, Senior Living Facilities, Friendship Village, 5.0%, 9/1/2048				245,000			279,589
St. Louis County, MO, Industrial Development Authority, Senior Living Facilities, St. Andrews Resources for Seniors Obligated Group, Series A, 5.125%, 12/1/2045				365,000			394,788
St. Louis, MO, Industrial Development Authority Financing Revenue, Ballpark Village Development Project, Series A, 4.75%, 11/15/2047				225,000			247,099
							3,416,237
Nebraska 0.6%
Douglas County, NE, Hospital Authority No.2, Health Facilities, Children's Hospital Obligated Group, 5.0%, 11/15/2047				535,000			631,188
Nebraska, Central Plains Energy Project, Gas Project Revenue:
	Series A, 5.0%, 9/1/2029			70,000			88,540
	Series A, 5.0%, 9/1/2033			155,000			203,797
							923,525
Nevada 1.2%
Las Vegas Valley, NV, Water District, Series B, 5.0%, 6/1/2037				1,565,000			1,713,049
Reno, NV, Sales Tax Revenue, Transportation Rail Access, Series C, 144A, Zero Coupon, 7/1/2058				500,000			72,655
							1,785,704
New Hampshire 0.4%
New Hampshire, State Health & Educational Facilities Authority Revenue, Hillside Village:
	Series A, 144A, 6.125%, 7/1/2037			100,000			109,207
	Series A, 144A, 6.125%, 7/1/2052			300,000			326,115
	Series A, 144A, 6.25%, 7/1/2042			125,000			136,835
							572,157
New Jersey 5.0%
New Jersey, State Economic Development Authority Revenue:
	Series DDD, 5.0%, 6/15/2042			140,000			162,645
	Series BBB, 5.5%, 6/15/2030			895,000			1,087,004
New Jersey, State Economic Development Authority, Continental Airlines, Inc. Project, AMT, 4.875%, 9/15/2019				170,000			170,151
New Jersey, State Economic Development Authority, Motor Vehicle Surcharge Revenue, Series A, 5.0%, 7/1/2033				115,000			135,833
New Jersey, State Economic Development Authority, Special Facilities Revenue, Continental Airlines, Inc. Project, Series B, AMT, 5.625%, 11/15/2030				500,000			581,665
New Jersey, State Economic Development Authority, State Government Buildings Project:
	Series A, 5.0%, 6/15/2042			115,000			134,671
	Series A, 5.0%, 6/15/2047			130,000			151,232
New Jersey, State Health Care Facilities Financing Authority Revenue, University Hospital, Series A, 5.0%, 7/1/2046, INS: AGMC				180,000			206,003
New Jersey, State Transportation Trust Fund Authority, Series B, 5.5%, 6/15/2031				1,500,000			1,599,360
New Jersey, State Transportation Trust Fund Authority, Transportation Program Bonds, Series AA, 5.0%, 6/15/2046				1,400,000			1,643,656
New Jersey, Tobacco Settlement Financing Corp.:
	Series A, 5.0%, 6/1/2046			350,000			402,010
	Series B, 5.0%, 6/1/2046			750,000			840,045
	Series A, 5.25%, 6/1/2046			175,000			205,072
							7,319,347
New Mexico 0.4%
New Mexico, State Mortgage Finance Authority, "I", Series D, 3.25%, 7/1/2044				485,000			510,346
New York 5.4%
New York, Brooklyn Arena Local Development Corp., Pilot Revenue, Barclays Center Project, Series A, 4.0%, 7/15/2035, INS: AGMC				45,000			50,750
New York, Buffalo & Fort Erie Public Bridge Authority, 5.0%, 1/1/2047				1,000,000			1,190,590
New York, Metropolitan Transportation Authority Revenue:
	Series D, 5.0%, 11/15/2038			275,000			311,690
	Series E-1, 5.0%, 11/15/2042			70,000			77,707
	Series E-1, Prerefunded, 5.0%, 11/15/2042			235,000			265,533
New York, State Dormitory Authority Revenues, Non-State Supported Debt, Montefiore Obligated Group:
	Series A, 5.0%, 8/1/2034			75,000			93,288
	Series A, 5.0%, 8/1/2035			105,000			130,212
New York, State Liberty Development Corp. Revenue, World Trade Center Project, Class 1-3, 144A, 5.0%, 11/15/2044				915,000			1,016,373
New York, State Transportation Development Corp., Special Facilities Revenue, American Airlines, Inc., John F. Kennedy International Airport Project, AMT, 5.0%, 8/1/2031, GTY: American Airlines Group				445,000			470,085
New York, State Transportation Development Corp., Special Facilities Revenue, Delta Air Lines, Inc., LaGuardia Airport C&D Redevelopment:
	AMT, 5.0%, 1/1/2033			100,000			121,557
	AMT, 5.0%, 1/1/2034			100,000			121,258
	AMT, 5.0%, 1/1/2036			100,000			120,818
New York, State Transportation Development Corp., Special Facilities Revenue, Laguardia Gateway Partners LLC, Redevelopment Project, Series A, AMT, 5.0%, 7/1/2041				1,200,000			1,350,060
New York, TSASC, Inc.:
	Series A, 5.0%, 6/1/2041			60,000			67,090
	Series B, 5.0%, 6/1/2045			730,000			724,299
	Series B, 5.0%, 6/1/2048			310,000			307,489
New York & New Jersey Port Authority, Series 207, AMT, 5.0%, 9/15/2048				625,000			757,719
New York & New Jersey Port Authority, Special Obligation Revenue, JFK International Air Terminal LLC, 6.0%, 12/1/2042				680,000			719,107
							7,895,625
North Carolina 0.7%
New Hanover County, NC, Hospital Revenue, New Hanover Regional Medical Centre:
	5.0%, 10/1/2042			260,000			307,068
	5.0%, 10/1/2047			240,000			281,657
North Carolina, Medical Care Commission, Retirement Facilities Revenue, First Mortgage-Aldersgate, 5.0%, 7/1/2045				330,000			351,387
							940,112
Ohio 4.1%
Buckeye, OH, Tobacco Settlement Financing Authority, Series A-2, 5.875%, 6/1/2047				1,175,000			1,180,887
Centerville, OH, Health Care Revenue, Graceworks Lutheran Services, 5.25%, 11/1/2047				220,000			242,999
Chillicothe, OH, Hospital Facilities Revenue, Adena Health System Obligated Group Project, 5.0%, 12/1/2047				445,000			531,197
Cleveland-Cuyahoga County, OH, Port Authority Cultural Facility Revenue, Playhouse Square Foundation Project, 5.5%, 12/1/2053				270,000			316,734
Lucas County, OH, Hospital Revenue, Promedica Healthcare Obligated Group, Series A, 5.25%, 11/15/2048				320,000			388,867
Ohio, Akron, Bath & Copley Joint Township Hospital District Revenue, 5.25%, 11/15/2046				615,000			731,573
Ohio, American Municipal Power, Inc. Revenue, Fremont Energy Center Project, Series B, 5.0%, 2/15/2037				1,575,000			1,698,086
Ohio, State Air Quality Development Authority, Exempt Facilities Revenue, Pratt Paper LLC Project:
	AMT, 144A, 4.25%, 1/15/2038, GTY: Pratt Industries, Inc.			70,000			75,996
	AMT, 144A, 4.5%, 1/15/2048, GTY: Pratt Industries, Inc.			225,000			244,586
Ohio, State Hospital Revenue, Aultman Health Foundation, 144A, 5.0%, 12/1/2048				500,000			558,180
							5,969,105
Oklahoma 0.9%
Oklahoma, State Development Finance Authority, Health System Revenue, OU Medicine Project:
	Series B, 5.5%, 8/15/2052			180,000			219,872
	Series B, 5.5%, 8/15/2057			880,000			1,071,805
							1,291,677
Oregon 0.6%
Clackamas County, OR, Hospital Facilities Authority Revenue, Mary's Woods at Marylhurst, Inc. Project, Series A, 5.0%, 5/15/2038				25,000			28,036
Oregon, Portland Airport Revenue, Series 25B, AMT, 5.0%, 7/1/2049				665,000			820,470
							848,506
Pennsylvania 6.3%
Franklin County, PA, Industrial Development Authority Revenue, Menno Haven, Inc. Project:
	5.0%, 12/1/2043			60,000			66,525
	5.0%, 12/1/2048			65,000			71,875
	5.0%, 12/1/2053			95,000			104,764
Lancaster County, PA, Hospital Authority, Brethren Village Project:
	5.125%, 7/1/2037			100,000			110,171
	5.25%, 7/1/2041			100,000			110,657
Montgomery County, PA, Industrial Development Authority, Meadowood Senior Living Project:
	Series A, 5.0%, 12/1/2038			85,000			97,731
	Series A, 5.0%, 12/1/2048			215,000			243,743
Pennsylvania, Certificate of Participations, Series A, 5.0%, 7/1/2043				155,000			187,378
Pennsylvania, Commonwealth Financing Authority, Series A, 5.0%, 6/1/2035				315,000			367,649
Pennsylvania, Commonwealth Financing Authority, Tobacco Master Settlement Payment Revenue Bonds:
	5.0%, 6/1/2034			250,000			310,083
	5.0%, 6/1/2035			125,000			154,125
Pennsylvania, Geisinger Authority Health System Revenue, Series A-1, 5.0%, 2/15/2045				740,000			878,521
Pennsylvania, State Economic Development Financing Authority Revenue, Bridges Finco LP:
	AMT, 5.0%, 12/31/2034			1,000,000			1,166,440
	AMT, 5.0%, 12/31/2038			1,000,000			1,162,890
Pennsylvania, State Turnpike Commission Revenue:
	Series A-1, 5.0%, 12/1/2040			2,500,000			2,911,225
	Series C, 5.0%, 12/1/2044			240,000			276,667
Philadelphia, PA, Authority for Individual Development Senior Living Revenue, Wesley Enhanced Living Obligated Group:
	Series A, 5.0%, 7/1/2042			135,000			150,904
	Series A, 5.0%, 7/1/2049			160,000			177,800
Philadelphia, PA, School District, Series B, 5.0%, 9/1/2043				500,000			602,270
							9,151,418
Rhode Island 0.1%
Rhode Island, Tobacco Settlement Financing Corp., Series A, 5.0%, 6/1/2040				155,000			173,758
South Carolina 2.5%
Hardeeville, SC, Assessment Revenue, Anderson Tract Municipal Improvement District, Series A, 7.75%, 11/1/2039				836,000			837,062
South Carolina, State Jobs-Economic Development Authority, Residential Facilities Revenue, Episcopal Home Still Hopes:
	5.0%, 4/1/2047			200,000			218,686
	5.0%, 4/1/2052			175,000			190,883
South Carolina, State Public Service Authority Revenue, Series E, 5.25%, 12/1/2055				1,070,000			1,251,857
South Carolina, State Public Service Authority Revenue, Santee Cooper, Series A, Prerefunded, 5.75%, 12/1/2043				890,000			1,061,850
							3,560,338
Tennessee 0.6%
Greeneville, TN, Health & Educational Facilities Board Hospital Revenue, Ballad Health Obligation Group:
	Series A, 5.0%, 7/1/2037			300,000			363,666
	Series A, 5.0%, 7/1/2044			400,000			479,632
							843,298
Texas 19.8%
Austin, TX, Airport Systems Revenue, Series B, AMT, 5.0%, 11/15/2048				1,000,000			1,239,720
Central Texas, Regional Mobility Authority Revenue, Senior Lien:
	Series A, 5.0%, 1/1/2040			230,000			265,436
	Series A, 5.0%, 1/1/2043			1,500,000			1,641,225
	Prerefunded, 6.0%, 1/1/2041			545,000			579,575
Dallas-Fort Worth, International Airport Revenue:
	Series F, AMT, Prerefunded, 5.0%, 11/1/2035			1,000,000			1,043,450
	Series D, AMT, 5.0%, 11/1/2038			2,000,000			2,132,100
Houston, TX, Airport System Revenue, Series A, AMT, 5.0%, 7/1/2041				750,000			914,903
Houston, TX, Airport System Revenue, Special Facilities United Airlines, Inc., Airport Improvement Projects, AMT, 5.0%, 7/15/2028				300,000			365,826
Matagorda County, TX, Navigation District No. 1, Pollution Control Revenue, AEP Texas Central Co. Project, Series A, 4.4%, 5/1/2030, INS: AMBAC				2,250,000			2,706,097
Mission, TX, Economic Development Corp. Revenue, Senior Lien-Natgasoline Project, AMT, 144A, 4.625%, 10/1/2031				210,000			227,063
Newark, TX, Higher Education Finance Corp., Education Revenue, Austin Achieve Public School, Inc., 5.0%, 6/15/2048				60,000			61,991
North Texas, Tollway Authority Revenue:
	Series B, 5.0%, 1/1/2045			665,000			764,444
	5.0%, 1/1/2048			1,355,000			1,634,455
San Antonio, TX, Convention Center Hotel Finance Corp., Contract Revenue, Empowerment Zone, Series A, AMT, 5.0%, 7/15/2039, INS: AMBAC				1,000,000			1,000,770
Tarrant County, TX, Cultural Education Facilities Finance Corp. Revenue, Christus Health Obligated Group, Series B, 5.0%, 7/1/2048				1,000,000			1,209,880
Tarrant County, TX, Cultural Education Facilities Finance Corp. Revenue, Trinity Terrace Project, The Cumberland Rest, Inc., Series A-1, 5.0%, 10/1/2044				175,000			192,148
Tarrant County, TX, Cultural Education Facilities Finance Corp., Buckner Retirement Services Revenue, 5.0%, 11/15/2046				1,000,000			1,154,610
Tarrant County, TX, Cultural Education Facilities Finance Corp., Hospital Revenue, Scott & White Healthcare, 5.0%, 8/15/2043				2,100,000			2,342,025
Temple, TX, Tax Increment, Reinvestment Zone No. 1, Series A, 144A, 5.0%, 8/1/2038				300,000			332,541
Texas, Grand Parkway Transportation Corp., System Toll Revenue, Series B, 5.0%, 4/1/2053				500,000			562,105
Texas, Love Field Airport Modernization Corp., Special Facilities Revenue, Southwest Airlines Co. Project, 5.25%, 11/1/2040				1,055,000			1,097,200
Texas, New Hope Cultural Education Facilities Finance Corp., Retirement Facilities Revenue, Legacy Midtown Park, Inc. Project, Series A, 5.5%, 7/1/2054				250,000			266,150
Texas, New Hope Cultural Education Facilities Finance Corp., Retirement Facilities Revenue, Presbyterian Village North Project:
	5.0%, 10/1/2039			180,000			199,451
	5.25%, 10/1/2049			455,000			507,416
Texas, SA Energy Acquisition Public Facility Corp., Gas Supply Revenue, 5.5%, 8/1/2020				2,000,000			2,071,880
Texas, State Municipal Gas Acquisition & Supply Corp. III Gas Supply Revenue:
	5.0%, 12/15/2030			165,000			182,129
	5.0%, 12/15/2031			1,000,000			1,101,780
	5.0%, 12/15/2032			1,000,000			1,100,280
Texas, State Private Activity Bond, Surface Transportation Corp. Revenue, Senior Lien, North Tarrant Express Mobility Partners Segments LLC, AMT, 6.75%, 6/30/2043				280,000			327,961
Texas, State Transportation Commission, Turnpike Systems Revenue, Series C, 5.0%, 8/15/2034				825,000			944,377
Travis County, TX, Health Facilities Development Corp. Revenue, Westminster Manor Health, Prerefunded, 7.125%, 11/1/2040				510,000			544,583
							28,713,571
Utah 1.0%
Salt Lake City, UT, Airport Revenue:
	Series A, AMT, 5.0%, 7/1/2043			190,000			230,970
	Series A, AMT, 5.0%, 7/1/2047			595,000			706,681
	Series A, AMT, 5.0%, 7/1/2048			115,000			138,889
Utah, State Charter School Financing Authority Revenue, Freedom Academy Foundation Project, 144A, 5.375%, 6/15/2048				320,000			337,325
							1,413,865
Virginia 1.2%
Roanoke County, VA, Economic Development Authority, RSDL Care Facilities Revenue, Series A, 5.375%, 9/1/2054				500,000			527,890
Virginia, Peninsula Town Center, Community Development Authority Revenue, Special Obligation:
	144A, 5.0%, 9/1/2037			100,000			113,276
	144A, 5.0%, 9/1/2045			100,000			111,606
Virginia, Small Business Financing Authority, Private Activity Revenue, Transform 66 P3 Project, AMT, 5.0%, 12/31/2052				865,000			1,001,108
							1,753,880
Washington 3.0%
Klickitat County, WA, Public Hospital District No. 2 Revenue, Skyline Hospital:
	5.0%, 12/1/2037			100,000			102,357
	5.0%, 12/1/2046			135,000			137,362
Pierce County, WA, Bethel School District No. 403, 4.0%, 12/1/2037				1,000,000			1,170,290
Washington, Port of Seattle Revenue, Series A, AMT, 5.0%, 5/1/2043				415,000			496,041
Washington, State Health Care Facilities Authority, Catholic Health Initiatives, Series A, Prerefunded, 5.0%, 2/1/2041				595,000			625,101
Washington, State Health Care Facilities Authority, Virginia Mason Medical Center:
	5.0%, 8/15/2034			135,000			159,723
	5.0%, 8/15/2035			120,000			141,594
	5.0%, 8/15/2036			80,000			94,163
Washington, State Housing Finance Commission, Reference Judson Park Project, 144A, 5.0%, 7/1/2048				50,000			54,321
Washington, State Housing Finance Commission, Rockwood Retirement Communities Project, Series A, 144A, 7.375%, 1/1/2044				1,000,000			1,152,900
Washington, State Housing Finance Commission, The Hearthstone Project:
	Series A, 144A, 5.0%, 7/1/2038			50,000			54,191
	Series A, 144A, 5.0%, 7/1/2048			115,000			123,474
	Series A, 144A, 5.0%, 7/1/2053			75,000			80,296
							4,391,813
West Virginia 0.7%
West Virginia, State Hospital Finance Authority, State University Health System Obligated Group, Series A, 5.0%, 6/1/2047				805,000			949,715
Wisconsin 6.5%
Wisconsin, Health Educational Facilities Authority, Covenant Communities, Inc. Project:
	Series A-1, 5.0%, 7/1/2043			500,000			557,045
	Series B, 5.0%, 7/1/2048			90,000			97,167
Wisconsin, Public Finance Authority Revenue, Procure Proton Therapy Center, Series A, 144A, 7.0%, 7/1/2048				500,000			584,755
Wisconsin, Public Finance Authority, Education Revenue, Mountain Island Charter School Ltd.:
	5.0%, 7/1/2047			200,000			218,320
	5.0%, 7/1/2052			90,000			97,750
Wisconsin, Public Finance Authority, Hospital Revenue, Series A, 5.0%, 10/1/2044				730,000			892,980
Wisconsin, Public Financing Authority, Senior Living Community First Mortgage Revenue, Cedars Obligated Group,
	144A, 5.5%, 5/1/2039 (a)			70,000			70,359
	144A, 5.75%, 5/1/2054 (a)			675,000			678,415
Wisconsin, Public Finance Authority, Senior Living Revenue, Mary's Woods at Marylhurst Project, Series A, 144A, 5.25%, 5/15/2052				1,000,000			1,122,640
Wisconsin, Public Finance Authority, Student Housing Revenue, Nevada State College, 144A, 5.0%, 5/1/2055				1,750,000			1,902,110
Wisconsin, Public Financing Authority, Retirement Facilities Revenue, Southminster, Inc.:
	144A, 5.0%, 10/1/2043			65,000			72,635
	144A, 5.0%, 10/1/2048			185,000			206,184
	144A, 5.0%, 10/1/2053			350,000			389,049
Wisconsin, State Health & Educational Facilities Authority Revenue, Agnesian Healthcare, Inc., Series B, Prerefunded, 5.0%, 7/1/2036				500,000			571,420
Wisconsin, State Health & Educational Facilities Authority Revenue, Thedacare, Inc., Series A, 5.5%, 12/15/2038				1,765,000			1,782,526
Wisconsin, State Health & Educational Facilities Authority, St. John's Communities, Inc. Project:
	Series A, 5.0%, 9/15/2040			25,000			26,495
	Series A, 5.0%, 9/15/2045			30,000			31,678
	Series A, 5.0%, 9/15/2050			125,000			131,750
							9,433,278
Total Municipal Bonds and Notes (Cost $180,983,184)					196,246,390
Underlying Municipal Bonds of Inverse Floaters (b) 29.1%
Florida 4.2%
Orange County, FL, School Board Certificates Participation, Series C, 5.0%, 8/1/2034 (c)				5,000,000			6,068,713
	Trust: Orange County, FL, School Board, Series 2016-XM0183, 144A, 13.76%, 2/1/2024, Leverage Factor at purchase date: 4 to 1
Massachusetts 8.2%
Massachusetts, State Development Finance Agency Revenue, Partners Healthcare System, Inc., Series Q, 5.0%, 7/1/2035 (c)				5,000,000			6,069,875
	Trust: Massachusetts, State Development Finance Agency Revenue, Series 2016-XM0136, 144A, 13.97%, 1/1/2024, Leverage Factor at purchase date: 4 to 1
Massachusetts, State Development Finance Agency Revenue, Harvard University, Series A, 4.0%, 7/15/2036 (c)				5,000,000			5,804,088
	Trust: Massachusetts, State Development Finance Agency Revenue, Series 2016-XM0401, 144A, 9.97%, 7/15/2024, Leverage Factor at purchase date: 4 to 1
							11,873,963
New York 8.4%
New York, State Urban Development Corp. Revenue, Personal Income Tax, Series C-3, 5.0%, 3/15/2040 (c)				5,000,000			6,145,613
	Trust: New York, State Urban Development Corp. Revenue, Personal Income Tax, Series 2018-XM0581, 144A, 14.405%, 9/15/2025, Leverage Factor at purchase date: 4 to 1
New York City, NY, Transitional Finance Authority, Building AID Revenue, Series S-1, 5.0%, 7/15/2037 (c)				5,000,000			6,009,388
	Trust: New York, Transitional Finance Authority Building AID Revenue, Series 2018-XM0619, 144A, 14.315%, 1/15/2024, Leverage Factor at purchase date: 4 to 1
							12,155,001
Texas 4.1%
Texas, State Transportation Commission- Highway Improvement, Series A, 5.0%, 4/1/2038 (c)				5,000,000			6,049,225
	Trust: Texas, State Transportation Commission, Series 2016-XM0405, 144A, 13.97%, 4/1/2024, Leverage Factor at purchase date: 4 to 1
Washington 4.2%
Washington, State General Obligation, Series D, 5.0%, 2/1/2035 (c)				5,000,000			6,169,313
	Trust: Washington, State General Obligation, Series 2017-XM0478, 144A, 13.97%, 8/1/2024, Leverage Factor at purchase date: 4 to 1
Total Underlying Municipal Bonds of Inverse Floaters (Cost $39,430,325)					42,316,215
Other Municipal Related 0.0%
Tarrant County, TX, Cultural Education Facilities Finance Corp., Retirement Facilities Revenue, Mirador Project Escrow, Series A, 11/15/2055* (Cost $0)				570,000			5,700
			Shares				Value ($)
Open-End Investment Companies 1.5%
BlackRock Liquidity Funds MuniCash Portfolio, Institutional Shares, 1.195%***  (Cost $2,147,045)				2,146,684			2,146,898
			% of Net Assets				Value ($)
Total Investment Portfolio (Cost $222,560,554)		165.7				240,715,203
Floating Rate Notes (b)		(18.0)				(26,250,000)
Series 2015 MTPS, net of deferred offering cost		(48.2)				(69,991,588)
Other Assets and Liabilities, Net		0.5				765,601
Net Assets Applicable to Common Shareholders		100.0				145,239,216

For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.

The following table represents bonds that are in default:

Security	Coupon		Maturity Date	Principal Amount ($)		Cost ($)		Value ($)
Connecticut, Mashantucket Western Pequot Tribe Bond *		6.05%	7/1/2031		2,952,922		1,909,657		101,138
Florida, Tolomato Community Development District, Special Assessment, Series 2015-3 *		6.61%	5/1/2040		165,000		0		2
Florida, Tolomato Community Development District, Special Assessment, Series 3 *		6.55%	5/1/2027		130,000		1		1
							1,909,658		101,141

*	Non-income producing security.
**	Variable or floating rate security. These securities are shown at their current rate as of August 31, 2019. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description above. Certain variable rate securities are not based on a published reference rate and spread but adjust periodically based on current market conditions, prepayment of underlying positions and/or other variables.
***	Current yield; not a coupon rate.
(a)	When-issued security.
(b)	Securities represent the underlying municipal obligations of inverse floating rate obligations held by the Fund. The Floating Rate Notes represents leverage to the Fund and is the amount owed to the floating rate note holders.
(c)	Security forms part of the below inverse floater. The Fund accounts for these inverse floaters as a form of secured borrowing, by reflecting the value of the underlying bond in the investments of the Fund and the amount owed to the floating rate note holder as a liability.
144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.
AGMC: Assured Guaranty Municipal Corp.
AMBAC: Ambac Financial Group, Inc.
AMT: Subject to alternative minimum tax.
ETM: Bonds bearing the description ETM (escrow to maturity) are collateralized usually by U.S. Treasury securities which are held in escrow and used to pay principal and interest on bonds so designated.
GTY: Guaranty Agreement
INS: Insured
NATL: National Public Finance Guarantee Corp.
Prerefunded: Bonds which are prerefunded are collateralized usually by U.S. Treasury securities which are held in escrow and used to pay principal and interest on tax-exempt issues and to retire the bonds in full at the earliest refunding date.
Fair Value Measurements Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. The following is a summary of the inputs used as of August 31, 2019 in valuing the Fund's investments.

Assets		Level 1		Level 2		Level 3		Total
Municipal Investments (d)	$	—	$	238,568,305	$	—	$	238,568,305
Open-End Investment Companies		2,146,898		—		—		2,146,898
Total	$	2,146,898	$	238,568,305	$	—	$	240,715,203

(d) See Investment Portfolio for additional detailed categorizations.