nq033111cmp.htm

% of

Net Assets

Total Investment Portfolio (Cost $31,415,397,455) †

31,415,397,455

Other Assets and Liabilities, Net

(202,401,361)

Net Assets

31,212,996,094

Cash Management Portfolio

		Principal Amount ($)			Value ($)
	Certificates of Deposit and Bank Notes 15.6%
Bank of Nova Scotia, 0.27%, 5/2/2011			39,000,000		39,002,683
Bank of Tokyo-Mitsubishi-UFJ Ltd.:
	0.29%, 6/6/2011		300,000,000		300,000,000
	0.3%, 4/14/2011		100,000,000		100,000,000
	0.3%, 4/29/2011		200,000,000		200,000,000
Barclays Bank PLC, 0.15%, 4/12/2011			11,000,000		11,000,000
BNP Paribas:
	0.45%, 10/12/2011		42,500,000		42,500,000
	0.45%, 10/25/2011		8,000,000		8,000,000
	0.53%, 4/12/2011		20,000,000		20,000,122
Credit Agricole SA, 0.39%, 7/22/2011			200,000,000		200,000,000
Dexia Credit Local:
	0.28%, 4/5/2011		100,000,000		100,000,000
	0.29%, 4/1/2011		70,000,000		70,000,000
	144A, 2.375%, 9/23/2011		108,000,000		108,925,278
HSBC Bank PLC, 0.86%, 7/12/2011			55,750,000		55,817,544
International Finance Corp., 3.0%, 11/15/2011			15,000,000		15,242,234
KBC Bank NV, 0.45%, 4/13/2011			375,000,000		375,000,000
Kommuninvest I Sverige, 0.55%, 4/19/2011			30,550,000		30,553,170
Merck & Co., Inc., 1.875%, 6/30/2011			767,000		770,116
Mizuho Corporate Bank Ltd., 0.31%, 5/3/2011			150,000,000		150,000,000
Natixis:
	0.26%, 4/25/2011		206,500,000		206,500,000
	0.34%, 5/3/2011		200,000,000		200,000,000
Nordea Bank Finland PLC:
	0.27%, 6/28/2011		123,500,000		123,500,000
	0.28%, 4/14/2011		100,000,000		100,000,000
	0.28%, 7/5/2011		60,250,000		60,250,794
	0.44%, 6/30/2011		25,000,000		25,001,869
	0.67%, 7/20/2011		31,000,000		31,025,433
Royal Bank of Scotland NV, 0.32%, 6/15/2011			163,500,000		163,500,000
Royal Bank of Scotland PLC:
	0.18%, 4/12/2011		11,000,000		11,000,000
	144A, 3.0%, 12/9/2011		100,000,000		101,776,783
Skandinaviska Enskilda Banken AB:
	0.29%, 4/5/2011		245,250,000		245,250,000
	0.3%, 5/3/2011		383,000,000		383,000,000
	0.3%, 5/23/2011		184,000,000		184,000,000
	0.31%, 5/27/2011		132,500,000		132,500,000
Societe Generale:
	0.35%, 4/11/2011		43,000,000		43,001,193
	0.35%, 5/16/2011		203,000,000		203,000,000
	0.41%, 4/21/2011		250,000,000		250,000,000
	0.41%, 4/26/2011		28,350,000		28,350,000
Sumitomo Mitsui Banking Corp.:
	0.25%, 4/42011		200,000,000		200,000,000
	0.25%, 4/8/2011		113,000,000		113,000,000
	0.28%, 6/1/2011		75,000,000		75,000,000
	0.3%, 5/3/2011		82,000,000		82,000,000
Svenska Handelsbanken AB:
	0.275%, 6/23/2011		41,000,000		41,000,236
	0.28%, 5/24/2011		50,000,000		50,000,184

Total Certificates of Deposit and Bank Notes (Cost $4,879,467,639)				4,879,467,639
	Commercial Paper 29.1%
Issued at Discount**
Archer-Daniels-Midland Co.:
	0.25%, 4/5/2011		10,000,000		9,999,722
	0.25%, 4/8/2011		55,000,000		54,997,326
	0.25%, 4/11/2011		63,200,000		63,195,611
Argento Variable Funding:
	144A, 0.31%, 6/20/2011		100,000,000		99,931,111
	144A, 0.32%, 5/3/2011		200,000,000		199,943,111
	144A, 0.33%, 5/3/2011		70,000,000		69,979,467
Barclays Bank PLC:
	0.3%, 4/5/2011		300,000,000		299,990,000
	0.31%, 5/26/2011		29,500,000		29,486,028
	0.36%, 7/1/2011		250,000,000		249,772,500
BPCE SA, 0.385%, 6/21/2011			45,200,000		45,160,845
Caisse d'Amortissement de la Dette Sociale:
	0.27%, 5/11/2011		23,000,000		22,993,100
	0.27%, 5/31/2011		185,000,000		184,916,750
	0.275%, 6/16/2011		60,000,000		59,965,167
	0.28%, 5/31/2011		150,000,000		149,930,000
	0.28%, 6/1/2011		55,400,000		55,373,716
	0.29%, 5/31/2011		177,000,000		176,914,450
Eksportfinans AS, 0.19%, 4/4/2011			107,000,000		106,998,306
General Electric Capital Corp., 0.22%, 5/6/2011			140,000,000		139,970,056
General Electric Capital Services, Inc.:
	0.24%, 5/17/2011		100,000,000		99,969,333
	0.25%, 4/20/2011		100,000,000		99,986,806
Hannover Funding Co., LLC:
	0.4%, 4/15/2011		75,000,000		74,988,333
	0.4%, 5/17/2011		21,504,000		21,493,009
Johnson & Johnson:
	144A, 0.17%, 7/18/2011		69,750,000		69,714,428
	144A, 0.19%, 8/22/2011		50,000,000		49,962,264
	144A, 0.2%, 4/19/2011		140,000,000		139,986,000
	144A, 0.2%, 5/20/2011		100,000,000		99,972,778
	144A, 0.2%, 8/22/2011		100,000,000		99,920,556
	144A, 0.21%, 4/14/2011		100,000,000		99,992,417
	144A, 0.21%, 5/27/2011		200,000,000		199,934,667
	144A, 0.22%, 4/14/2011		200,000,000		199,984,111
	144A, 0.22%, 11/10/2011		100,000,000		99,863,722
	144A, 0.23%, 8/5/2011		50,000,000		49,959,750
	144A, 0.23%, 8/8/2011		50,000,000		49,958,792
	144A, 0.28%, 9/2/2011		200,000,000		199,760,444
JPMorgan Chase & Co., 0.01%, 4/1/2011			4,000,000		4,000,000
Kells Funding LLC:
	144A, 0.31%, 6/24/2011		100,000,000		99,927,667
	144A, 0.31%, 6/30/2011		100,000,000		99,922,500
	144A, 0.33%, 5/9/2011		64,000,000		63,977,707
	144A, 0.35%, 5/18/2011		20,000,000		19,990,861
	144A, 0.35%, 6/6/2011		64,000,000		63,958,933
	144A, 0.37%, 6/6/2011		74,500,000		74,449,464
	144A, 0.37%, 6/20/2011		100,000,000		99,917,778
	144A, 0.38%, 6/17/2011		76,000,000		75,938,229
	144A, 0.39%, 7/5/2011		35,650,000		35,613,310
	144A, 0.39%, 9/1/2011		50,000,000		49,917,125
	144A, 0.39%, 9/6/2011		97,500,000		97,333,113
	144A, 0.4%, 7/1/2011		44,850,000		44,804,652
	144A, 0.41%, 6/15/2011		93,500,000		93,420,135
LMA Americas LLC, 0.24%, 4/19/2011			76,011,000		76,001,879
Market Street Funding Corp., 0.24%, 4/7/2011			18,009,000		18,008,280
Natexis Banques Populaires US Finance Co., LLC, 0.31%, 5/10/2011			150,000,000		149,949,625
New York Life Capital Corp., 0.19%, 4/1/2011			6,000,000		6,000,000
Nieuw Amsterdam Receivables Corp., 0.27%, 5/16/2011			75,000,000		74,974,687
Novartis Finance Corp., 0.2%, 4/14/2011			25,000,000		24,998,194
NRW.Bank:
	0.275%, 6/10/2011		58,000,000		57,968,986
	0.28%, 6/13/2011		135,000,000		134,923,350
	0.29%, 4/5/2011		180,500,000		180,494,184
	0.29%, 4/20/2011		2,400,000		2,399,633
	0.3%, 5/2/2011		88,000,000		87,977,267
	0.3%, 5/3/2011		135,000,000		134,964,000
	0.3%, 5/23/2011		29,500,000		29,487,217
	0.345%, 4/12/2011		143,000,000		142,984,925
PepsiCo, Inc.:
	0.16%, 4/11/2011		100,000,000		99,995,556
	0.17%, 4/19/2011		30,000,000		29,997,450
	0.18%, 4/4/2011		100,000,000		99,998,500
	0.18%, 4/18/2011		30,000,000		29,997,450
	0.18%, 5/27/2011		100,000,000		99,972,000
	0.19%, 5/13/2011		50,000,000		49,988,917
Procter & Gamble Co.:
	0.2%, 4/8/2011		28,200,000		28,198,903
	0.24%, 5/13/2011		100,000,000		99,972,000
	0.25%, 4/26/2011		50,000,000		49,991,319
	0.19%, 5/31/2011		50,000,000		49,984,167
	0.2%, 6/15/2011		40,000,000		39,983,333
Romulus Funding Corp.:
	144A, 0.38%, 4/1/2011		11,500,000		11,500,000
	144A, 0.4%, 4/1/2011		50,000,000		50,000,000
	144A, 0.42%, 5/3/2011		17,000,000		16,993,653
	144A, 0.43%, 4/20/2011		20,000,000		19,995,461
	144A, 0.44%, 4/28/2011		80,000,000		79,973,600
Sanofi-Aventis SA:
	0.26%, 7/14/2011		26,500,000		26,480,096
	0.3%, 8/15/2011		260,000,000		259,705,333
	0.3%, 8/16/2011		72,000,000		71,917,800
	0.31%, 8/18/2011		75,000,000		74,910,229
Scaldis Capital LLC:
	0.29%, 4/4/2011		36,000,000		35,999,130
	0.32%, 4/1/2011		100,000,000		100,000,000
	0.32%, 5/2/2011		100,000,000		99,972,444
	0.32%, 5/16/2011		17,000,000		16,993,200
Scotiabanc, Inc., 0.19%, 4/7/2011			20,000,000		19,999,367
Sheffield Receivables Corp., 144A, 0.3%, 4/4/2011			67,500,000		67,498,312
Shell International Finance BV, 0.345%, 7/5/2011			98,100,000		98,010,688
Skandinaviska Enskilda Banken AB, 0.3%, 5/6/2011			166,800,000		166,751,350
Societe Generale North America, Inc., 0.315%, 5/16/2011			150,000,000		149,940,937
Standard Chartered Bank, 0.29%, 5/24/2011			19,400,000		19,391,717
Straight-A Funding LLC:
	144A, 0.23%, 4/6/2011		57,500,000		57,498,163
	144A, 0.25%, 5/2/2011		82,500,000		82,482,240
	144A, 0.25%, 5/3/2011		100,000,000		99,977,778
	144A, 0.25%, 5/9/2011		25,000,000		24,993,403
	144A, 0.25%, 5/17/2011		100,000,000		99,968,056
	144A, 0.253%, 5/10/2011		48,200,000		48,186,946
Sumitomo Mitsui Banking Corp., 0.27%, 4/18/2011			21,000,000		20,997,322
Svenska Handelsbanken AB, 0.28%, 5/9/2011			1,000,000		999,704
Swedbank AB:
	0.29%, 4/29/2011		126,000,000		125,971,580
	0.33%, 4/18/2011		200,000,000		199,968,833
	0.33%, 4/26/2011		170,000,000		169,961,042
Swedish Housing Finance Corp.:
	144A, 0.39%, 6/9/2011		19,000,000		18,985,797
	144A, 0.4%, 6/2/2011		25,000,000		24,982,778
	144A, 0.5%, 4/4/2011		50,000,000		49,997,917
	144A, 0.5%, 4/7/2011		40,000,000		39,996,667
	144A, 0.5%, 5/3/2011		65,000,000		64,971,111
Sydney Capital Corp., 144A, 0.4%, 4/14/2011			12,000,000		11,998,267
Tasman Funding, Inc., 144A, 0.29%, 4/8/2011			92,139,000		92,133,804
Total Capital Canada Ltd., 144A, 0.31%, 9/15/2011			15,000,000		14,978,429
Wal-Mart Stores, Inc.:
	0.16%, 4/25/2011		15,000,000		14,998,400
	0.18%, 4/18/2011		28,250,000		28,247,599

Total Commercial Paper (Cost $9,075,677,125)					9,075,677,125
	Government & Agency Obligations 5.5%
Foreign Government Obligations 0.3%
Kingdom of Denmark, 2.75%, 11/15/2011			88,200,000		89,468,452
Other Government Related (a) 0.8%
European Investment Bank:
	0.24%, 6/28/2011		36,000,000		35,978,880
	0.25%, 6/24/2011		200,000,000		199,883,333
International Bank for Reconstruction & Development, 0.306% *, 7/13/2011			6,500,000		6,500,565

					242,362,778
US Government Sponsored Agencies 2.0%
Federal Farm Credit Bank:
	0.241% *, 11/2/2011		60,000,000		59,998,233
	0.259% **, 10/20/2011		39,000,000		38,943,103
	0.319% **, 12/16/2011		10,000,000		9,976,978
Federal Home Loan Bank:
	0.18% *, 5/25/2011		50,000,000		49,997,005
	0.25%, 10/28/2011		42,000,000		41,998,001
	0.26%, 11/23/2011		28,000,000		27,993,845
	0.26%, 11/29/2011		27,055,000		27,052,613
	0.268% **, 9/12/2011		18,000,000		17,977,860
	0.3%, 11/23/2011		100,000,000		99,996,767
	0.52%, 4/12/2011		22,500,000		22,500,000
Federal National Mortgage Association:
	0.148% *, 7/27/2011		33,800,000		33,792,845
	0.149% **, 8/22/2011		132,000,000		131,921,350
	0.164% **, 9/14/2011		52,500,000		52,460,056
	0.189% **, 1/3/2012		20,000,000		19,970,761
	0.422% **, 4/7/2011		3,235,000		3,234,736

					637,814,153
US Treasury Obligations 2.4%
US Treasury Bills:
	0.142%**, 5/5/2011		1,116,000		1,115,958
	0.04%**, 5/12/2011		2,745,000		2,744,875
	0.045%**, 4/7/2011		13,978,000		13,977,895
	0.045%**, 5/12/2011		2,219,000		2,218,886
	0.055%**, 4/14/2011		15,112,000		15,111,700
	0.06%**, 5/26/2011		1,135,000		1,134,896
	0.07%**, 6/9/2011		2,007,000		2,006,731
	0.075%**, 6/23/2011		4,931,000		4,930,147
	0.08%**, 7/7/2011		2,983,000		2,982,357
	0.09%**, 4/14/2011		4,275,000		4,274,861
	0.09%**, 6/9/2011		200,000		199,965
	0.095%**, 7/7/2011		2,000,000		1,999,488
	0.1%**, 6/2/2011		2,765,000		2,764,524
	0.105%**, 6/16/2011		991,000		990,780
	0.11%**, 4/21/2011		1,704,000		1,703,896
	0.11%**, 5/12/2011		4,856,000		4,855,392
	0.115%, 4/7/2011		10,000,000		9,999,808
	0.115%**, 6/2/2011		956,000		955,811
	0.12%**, 5/26/2011		4,476,000		4,475,179
	0.12%**, 6/9/2011		1,905,000		1,904,562
	0.125%**, 6/16/2011		855,000		854,774
	0.14%**, 4/7/2011		938,000		937,978
	0.14%**, 5/5/2011		5,955,000		5,954,213
	0.142%**, 5/5/2011		979,000		978,871
	0.145%**, 4/14/2011		1,492,000		1,491,922
	0.145%**, 4/21/2011		1,141,000		1,140,908
	0.145%**, 5/12/2011		1,999,000		1,998,670
	0.15%**, 4/28/2011		1,805,000		1,804,797
	0.15%**, 5/5/2011		10,000,000		9,998,583
	0.152%**, 5/26/2011		500,000		499,885
	0.16%**, 9/1/2011		77,500,000		77,447,300
	0.16%**, 9/29/2011		10,000,000		9,991,956
US Treasury Notes:
	0.875%, 1/31/2012		75,000,000		75,344,471
	1.0%, 9/30/2011		117,000,000		117,422,521
	1.0%, 10/31/2011		84,000,000		84,368,714
	1.375%, 2/15/2012		42,500,000		42,882,681
	1.75%, 11/15/2011		85,000,000		85,795,265
	4.5%, 9/30/2011		100,000,000		102,099,413
	4.5%, 11/30/2011		34,500,000		35,458,931
	4.625%, 2/29/2012		12,000,000		12,465,131

					749,284,695

Total Government & Agency Obligations (Cost $1,718,930,078)				1,718,930,078
	Short Term Notes * 16.1%
Abbey National Treasury Services PLC, 0.53%, 11/2/2011			228,000,000		228,000,000
Australia & New Zealand Banking Group Ltd., 144A, 0.37%, 1/20/2012			72,000,000		72,000,000
Bank of Nova Scotia:
	0.26%, 8/25/2011		150,000,000		150,000,000
	0.31%, 9/12/2011		104,450,000		104,450,000
	0.39%, 12/8/2011		85,000,000		85,000,000
Barclays Bank PLC:
	0.573%, 7/19/2011		166,000,000		166,000,000
	0.653%, 4/21/2011		240,000,000		240,000,000
Bayerische Landesbank, 0.312%, 4/23/2012			40,000,000		40,000,000
Canadian Imperial Bank of Commerce:
	0.22%, 5/12/2011		138,600,000		138,600,000
	0.23%, 4/26/2011		140,000,000		140,000,000
	0.24%, 8/8/2011		163,000,000		163,000,000
	0.34%, 10/11/2011		15,000,000		15,003,196
	0.4%, 4/26/2011		199,850,000		199,850,000
Commonwealth Bank of Australia:
	144A, 0.358%, 2/3/2012		135,000,000		135,000,000
	144A, 2.4%, 1/12/2012		43,132,000		43,787,175
Credit Suisse, 0.23%, 6/3/2011			75,857,000		75,857,000
Dexia Credit Local, 2.053%, 4/18/2011			115,000,000		115,000,000
DnB NOR Bank ASA, 144A, 0.283%, 4/26/2011			158,500,000		158,500,000
General Electric Capital Corp., 0.383%, 8/15/2011			94,895,000		94,924,313
International Business Machines Corp., 0.884%, 7/28/2011			33,980,000		34,051,010
JPMorgan Chase Bank NA, 0.248%, 5/31/2011			191,200,000		191,200,000
Kells Funding LLC:
	144A, 0.355%, 8/15/2011		125,000,000		125,000,000
	144A, 0.383%, 2/24/2012		147,500,000		147,500,000
National Australia Bank Ltd., 0.318%, 6/10/2011			200,000,000		200,000,000
Nordea Bank Finland PLC, 0.56%, 2/3/2012			35,000,000		35,060,262
Rabobank Nederland NV:
	0.308%, 4/26/2011		100,000,000		100,000,000
	0.33%, 8/8/2011		238,200,000		238,200,000
	0.338%, 1/10/2012		108,250,000		108,250,000
	0.343%, 4/24/2012		133,000,000		133,000,000
	144A, 0.384%, 3/16/2012		75,000,000		75,000,000
	144A, 0.458%, 9/28/2011		82,000,000		82,060,456
	144A, 2.052%, 4/7/2011		278,000,000		278,000,000
Royal Bank of Canada:
	0.243%, 5/13/2011		100,000,000		100,000,000
	0.33%, 8/16/2011		20,000,000		20,006,763
	0.35%, 8/12/2011		115,000,000		115,000,000
	0.709%, 6/23/2011		12,210,000		12,221,307
	0.954%, 7/29/2011		2,000,000		2,004,455
Societe Generale:
	0.36%, 4/21/2011		78,350,000		78,350,000
	0.36%, 5/19/2011		147,800,000		147,800,000
Svenska Handelsbanken AB, 144A, 0.402%, 11/9/2011			19,000,000		19,000,000
Westpac Banking Corp.:
	0.303%, 4/14/2011		65,000,000		65,000,000
	0.31%, 10/12/2011		132,000,000		132,000,000
	144A, 0.324%, 10/28/2011		46,000,000		46,006,115
	0.33%, 11/21/2011		100,000,000		100,000,000
	0.4%, 1/10/2012		85,000,000		85,000,000

Total Short Term Notes (Cost $5,034,682,052)				5,034,682,052
	Time Deposits 18.2%
Bank of Nova Scotia, 0.08%, 4/1/2011			300,000,000		300,000,000
Branch Banking & Trust Co., 0.01%, 4/1/2011			75,000,000		75,000,000
Canadian Imperial Bank of Commerce, 0.01%, 4/1/2011			700,000,000		700,000,000
Citibank NA:
	0.12%, 4/1/2011		411,000,000		411,000,000
	0.17%, 4/7/2011		138,077,723		138,077,723
DnB NOR Bank ASA, 0.09%, 4/1/2011			1,000,000,000		1,000,000,000
JPMorgan Chase Bank NA, 0.01%, 4/1/2011			1,300,000,000		1,300,000,000
KBC Bank NV, 0.01%, 4/1/2011			1,000,000,000		1,000,000,000
National Bank of Canada, 0.01%, 4/1/2011			100,000,000		100,000,000
PNC Bank NA, 0.01%, 4/1/2011			500,000,000		500,000,000
State Street Euro Dollar, 0.01%, 4/1/2011			162,000,000		162,000,000

Total Time Deposits (Cost $5,686,077,723)				5,686,077,723
	Municipal Bonds and Notes 15.7%
Alachua County, FL, Health Facilities Authority, Continuing Care, Oak Hammock University of Florida Project, Series A, 0.23% ***, 10/1/2032, LOC: Bank of Scotland			21,360,000		21,360,000
Albemarle County, VA, Economic Development Authority, Hospital Revenue, Martha Jefferson Hospital, Series B, 0.24% ***, 10/1/2048, LOC: Branch Banking & Trust			6,000,000		6,000,000
Allegheny County, PA, Industrial Development Authority Revenue, UPMC Children's Hospital, Series A, 0.22% ***, 10/1/2032, LOC: Bank of America NA			21,050,000		21,050,000
Appleton, WI, Redevelopment Authority Revenue, Fox Cities Performing Arts Center, Inc., Series B, 0.25% ***, 6/1/2036, LOC: JPMorgan Chase Bank			18,400,000		18,400,000
Arizona, Board of Regents, State University Systems Revenue, Series A, 0.2% ***, 7/1/2034, LOC: Lloyds TSB Bank PLC			4,415,000		4,415,000
Arizona, Health Facilities Authority Revenue, Banner Health System, Series B, 0.21% ***, 1/1/2035, LOC: Scotiabank			13,460,000		13,460,000
Arizona, Health Facilities Authority Revenue, Catholic West:
	Series A, 0.22% ***, 7/1/2035, LOC: JPMorgan Chase Bank		18,300,000		18,300,000
	Series B, 0.24% ***, 7/1/2035, LOC: Bank of America NA		19,000,000		19,000,000
Beaver County, PA, Industrial Development Authority, Pollution Control Revenue, FirstEnergy Nuclear Generation Corp., Series B, 0.22% ***, 12/1/2035, GTY: FirstEnergy Solutions, LOC: Citibank NA			9,095,000		9,095,000
BlackRock Municipal Intermediate Duration Fund, Inc., Series W-7-2871, AMT, 0.5% *, 3/1/2041, LIQ: JPMorgan Chase Bank			30,000,000		30,000,000
Blount County, TN, Public Building Authority, Local Government Public Improvement, Series E-5-B, 0.26% ***, 6/1/2042, LOC: Branch Banking & Trust			12,900,000		12,900,000
California, ABAG Finance Authority for Non-Profit Corporations, Multi-Family Housing Revenue, Crossing Apartments, Series A, AMT, 0.24% ***, 12/15/2037, INS: Fannie Mae, LIQ: Fannie Mae			5,400,000		5,400,000
California, Bay Area Toll Authority, Toll Bridge Revenue:
	Series A-1, 144A, 0.17% ***, 4/1/2047, LOC: Bank of America NA		21,000,000		21,000,000
	Series A-2, 0.17% ***, 4/1/2047, LOC: Union Bank NA		20,500,000		20,500,000
	Series D-2, 0.18% ***, 4/1/2047, LOC: JPMorgan Chase Bank		39,200,000		39,200,000
California, Bay Area Toll Authority, Toll Bridge Revenue, San Francisco Bay Area:
	Series D-1, 0.17% ***, 4/1/2045, LOC: Lloyds TSB Bank PLC		10,500,000		10,500,000
	Series C-1, 0.17% ***, 4/1/2047, LOC: JPMorgan Chase Bank		48,750,000		48,750,000
	Series E-3, 0.17% ***, 4/1/2047, LOC: Bank of America NA		25,000,000		25,000,000
California, Housing Finance Agency Revenue, Series A, AMT, 0.25% ***, 8/1/2035, LOC: Fannie Mae & Freddie Mac			8,435,000		8,435,000
California, Housing Finance Agency Revenue, Home Mortgage, Series D, 144A, AMT, 0.23% ***, 2/1/2040, LOC: Fannie Mae & Freddie Mac			29,325,000		29,325,000
California, State Economic Recovery, Series C-3, 0.17% ***, 7/1/2023, LOC: Bank of America NA			17,000,000		17,000,000
California, State General Obligation:
	Series B-5, 0.22% ***, 5/1/2040, LOC: Barclays Bank PLC		2,780,000		2,780,000
	Series B-1, 0.23% ***, 5/1/2040, LOC: Bank of America NA		20,000,000		20,000,000
California, State Kindergarten:
	Series A-3, 0.16% ***, 5/1/2034, LOC: State Street Bank & Trust Co. & California State Teacher's Retirement System		7,600,000		7,600,000
	Series A-5, 0.21% ***, 5/1/2034, LOC: Citibank NA & California State Teacher's Retirement System		14,650,000		14,650,000
California, Statewide Communities Development Authority Revenue, Series 2089, 144A, 0.24% ***, 10/1/2036, GTY: Wells Fargo & Co., LIQ: Wells Fargo Bank NA			7,115,000		7,115,000
California, Statewide Communities Development Authority Revenue, Retirement Housing Foundation, 0.24% ***, 9/1/2030, LOC: KBC Bank NV			9,360,000		9,360,000
California, Statewide Communities Development Authority, Multi-Family Housing Revenue, Bay Vista At Meadow Park, Series NN-1, AMT, 0.24% ***, 11/15/2037, INS: Fannie Mae, LIQ: Fannie Mae			29,320,000		29,320,000
Carroll County, KY, Environmental Facilities Revenue, Kentucky Utilities Co. Project:
	Series A, AMT, 0.26% ***, 10/1/2034, LOC: Wells Fargo Bank NA		10,000,000		10,000,000
	Series B, AMT, 0.27% ***, 10/1/2034, LOC: Wells Fargo Bank NA		12,500,000		12,500,000
Channahon, IL, Morris Hospital Revenue, 0.24% ***, 12/1/2034, LOC: US Bank NA			5,220,000		5,220,000
Charlotte-Mecklenburg, NC, Hospital Authority, Health Care Systems Revenue, Carolinas Healthcare, Series C, 0.21% ***, 1/15/2026, LOC: US Bank NA			10,435,000		10,435,000
Chicago, IL, Board of Education, Dedicated Revenues, Series A-1, 0.19% ***, 3/1/2026, LOC: Harris Trust & Savings Bank			4,400,000		4,400,000
Chicago, IL, Midway Airport Revenue:
	Series B, AMT, 0.24% ***, 1/1/2029, LOC: JPMorgan Chase Bank		17,500,000		17,500,000
	Series A-1, 0.28% ***, 1/1/2021, LOC: Morgan Stanley Bank (b)		22,000,000		22,000,000
Clark County, NV, Passenger Facility Charge Revenue, McCarran International Airport, Series F-2, 0.27% ***, 7/1/2022, LOC: Union Bank NA			18,000,000		18,000,000
Cleveland-Cuyahoga County, OH, Port Authority Revenue, Carnegie/89th Garage Project, 0.22% ***, 1/1/2037, LOC: JPMorgan Chase Bank			18,125,000		18,125,000
Cohoes, NY, Industrial Development Agency, Urban Cultural Park Facility Revenue, Eddy Cohoes Project, 0.22% ***, 12/1/2033, LOC: Bank of America NA			18,000,000		18,000,000
Colorado, Centerra Metropolitan District No. 1 Revenue, 0.25% ***, 12/1/2029, LOC: US Bank NA			21,770,000		21,770,000
Colorado, Educational & Cultural Facilities Authority Revenue, Fremont Christian School Project, 0.22% ***, 6/1/2038, LOC: US Bank NA			12,500,000		12,500,000
Colorado, Health Facilities Authority Revenue, Fraiser Meadows Community Project, 0.23% ***, 6/1/2038, LOC: JPMorgan Chase Bank			14,000,000		14,000,000
Colorado, Housing & Finance Authority, Series I-A1, 144A, 0.21% ***, 10/1/2036, LIQ: Barclays Bank PLC (b)			20,690,000		20,690,000
Colorado, Housing & Finance Authority, Single Family Program, Series I-A1, 0.5% ***, 11/1/2034, SPA: Dexia Credit Local (b)			13,135,000		13,135,000
Colorado, Housing Finance Authority, Single Family Mortgage Revenue:
	"I", Series A-2, 0.22% ***, 5/1/2038, LOC: Fannie Mae & Freddie Mac (b)		26,780,000		26,780,000
	"I", Series B1, 0.25% ***, 5/1/2038, LOC: Fannie Mae & Freddie Mac (b)		38,870,000		38,870,000
Colorado, Meridian Village Metropolitan, RBC Municipal Products, Inc. Trust, Series C-11, 144A, 0.25% ***, 12/1/2031, LIQ: Royal Bank of Canada, LOC: Royal Bank of Canada			12,000,000		12,000,000
Colorado Springs, CO, Utilities Revenue, Series C, 0.25% ***, 11/1/2040, SPA: JPMorgan Chase Bank			18,500,000		18,500,000
Contra Costa County, CA, Multi-Family Housing Revenue, Creekview Apartments, Series B, 144A, AMT, 0.24% ***, 7/1/2036, INS: Freddie Mac, LOC: Freddie Mac			6,000,000		6,000,000
District of Columbia, University Revenue, Wells Fargo Stage Trust, Series 57C, 144A, 0.25% ***, 4/1/2034, GTY: Wells Fargo Bank NA, LIQ: Wells Fargo Bank NA			24,995,000		24,995,000
Erie County, PA, Hospital Authority, Health Facilities Revenue, St. Mary's Home Erie Project, Series A, 0.28% ***, 7/1/2038, LOC: Bank of America NA			8,200,000		8,200,000
Florida, Development Finance Corp., Enterprise Board Industrial Development Program, Out of Door Academy, 0.25% ***, 7/1/2038, LOC: Northern Trust Co.			13,210,000		13,210,000
Florida, Gulf Coast University Financing Corp., Capital Improvement Revenue, Housing Project, Series A, 0.22% ***, 2/1/2038, LOC: Bank of America NA			17,665,000		17,665,000
Florida, Halifax Hospital Medical Center Revenue, 0.24% ***, 6/1/2048, LOC: JPMorgan Chase & Co.			35,000,000		35,000,000
Florida, Housing Finance Corp., Multi-Family Revenue, Victoria Park, Series J-1, 0.26% ***, 10/15/2032, INS: Fannie Mae, LIQ: Fannie Mae			8,920,000		8,920,000
Florida, Keys Aqueduct Authority Water Revenue, 0.21% ***, 9/1/2035, LOC: TD Bank NA			16,200,000		16,200,000
Florida, Lee Memorial Heath Systems Hospital Revenue, Series B, 0.24% ***, 4/1/2033, LOC: Bank of America NA			17,340,000		17,340,000
Fremont, CA, Certificates of Participation, 0.22% ***, 8/1/2038, LOC: US Bank NA			26,160,000		26,160,000
Georgia, Main Street Natural Gas, Inc., Gas Project Revenue, Series A, 0.25% ***, 8/1/2040, SPA: Royal Bank of Canada			13,500,000		13,500,000
Georgia, Metropolitan Rapid Transportation Authority, Sales Tax Revenue, Series A, 144A, 0.21% ***, 7/1/2025, LOC: JPMorgan Chase Bank			10,600,000		10,600,000
Georgia, Private Colleges & Universities Authority Revenue, Emory University, Series B-2, 0.2% ***, 9/1/2035			28,835,000		28,835,000
Georgia, Private Colleges & Universities Authority Revenue, Mercer University Project, Series A, 0.24% ***, 10/1/2036, LOC: Branch Banking & Trust			11,040,000		11,040,000
Harris County, TX, Cultural Education Facilities Finance Corp. Revenue, Memorial Hermann Hospital Systems, Series D-3, 0.25% ***, 6/1/2029, LOC: Bank of America NA			15,100,000		15,100,000
Harris County, TX, Cultural Education Facilities Finance Corp., Special Facilities Revenue, Texas Medical Center, Series B-2, 0.22% ***, 9/1/2031, LOC: JPMorgan Chase & Co.			14,900,000		14,900,000
Highlands County, FL, Health Facilities Authority Revenue, Adventist Health Hospital:
	Series F, 0.22% ***, 11/15/2035, LOC: Wells Fargo Bank NA		13,300,000		13,300,000
	Series D, 0.23% ***, 11/15/2037, LOC: Bank of America NA		31,410,000		31,410,000
Houston, TX, RBC Municipal Products, Inc. Trust Certificates, Utility Systems Revenue, Series E-14, 144A, 0.25% ***, 5/15/2034, LIQ: Royal Bank of Canada, LOC: Royal Bank of Canada			24,070,000		24,070,000
Idaho, Health Facilities Authority Revenue, St. Luke's Health Systems Project, Series A, 0.24% ***, 11/1/2043, LOC: Wells Fargo Bank NA			10,000,000		10,000,000
Illinois, Development Finance Authority Revenue, Chicago Symphony Project, 0.23% ***, 12/1/2033, LOC: Bank One NA			12,500,000		12,500,000
Illinois, Finance Authority Revenue:
	Series A, 0.24% ***, 11/15/2022, INS: Radian, LOC: JPMorgan Chase Bank		12,085,000		12,085,000
	"A", 144A, 0.24% ***, 12/1/2042, LIQ: Citibank NA		3,120,000		3,120,000
	Series 15C, 144A, 0.25% ***, 10/1/2040, GTY: Wells Fargo Bank NA, LIQ: Wells Fargo Bank NA		24,405,000		24,405,000
Illinois, Finance Authority Revenue, Rehabilitation Institute of Chicago, Series A, 0.21% ***, 4/1/2039, LOC: JPMorgan Chase Bank			13,130,000		13,130,000
Illinois, Finance Authority Revenue, University of Chicago Medical Center, Series A, 0.25% ***, 8/1/2044, LOC: Bank of America NA			9,250,000		9,250,000
Indiana, Finance Authority Hospital Revenue, Community Foundation of Northwest Indiana, 0.21% ***, 8/1/2029, LOC: Harris NA			6,685,000		6,685,000
Indiana, State Development Finance Authority, Industrial Development Revenue, Republic Services, Inc., 0.22% ***, 11/1/2035, LOC: JPMorgan Chase Bank			9,150,000		9,150,000
Indiana, State Finance Authority Revenue, Ascension Health Credit Group, Series E-7, 0.22% ***, 11/15/2033			23,600,000		23,600,000
Indiana, State Finance Authority, Environmental Revenue, Duke Energy Indiana, Inc. Project, Series A-5, 0.22% ***, 10/1/2040, LOC: Bank of America NA			16,200,000		16,200,000
Jacksonville, FL, Electronic Systems Revenue, 0.33%, 6/7/2011			35,000,000		35,000,000
Johnson City, TN, Health & Educational Facilities Board Hospital Revenue, Series B-3, 0.35% ***, 7/1/2033, LOC: Mizuho Corporate Bank (b)			15,000,000		15,000,000
Kansas, State Department of Transportation Highway Revenue:
	Series B-1, 0.16% ***, 9/1/2019, SPA: Barclays Bank PLC		31,750,000		31,750,000
	Series B-2, 0.16% ***, 9/1/2019, SPA: Barclays Bank PLC		32,000,000		32,000,000
	Series C-2, 0.19% ***, 9/1/2022, SPA: JPMorgan Chase Bank		12,000,000		12,000,000
	Series C-3, 0.19% ***, 9/1/2023, SPA: JPMorgan Chase Bank		14,500,000		14,500,000
	Series A-5, 0.2% ***, 9/1/2015, SPA: US Bank NA		15,000,000		15,000,000
	Series C-3, 0.2% ***, 9/1/2019, SPA: JPMorgan Chase Bank		23,450,000		23,450,000
Kansas City, MO, Industrial Development Authority, Student Housing Facilities Revenue, Oak Street West Student, 144A, 0.25% ***, 8/1/2038, LOC: Bank of America NA			30,375,000		30,375,000
Kansas City, MO, Special Obligation, H. Roe Bartle Scout Reservation, Series E, 0.25% ***, 4/15/2034, LOC: Bank of America NA			27,500,000		27,500,000
Knox County, TN, Health Education & Housing Facilities Board, Hospital Facilities Revenue, Covenant Health, Series B, 0.25% ***, 1/1/2033, LOC: Bank of America NA			24,000,000		24,000,000
Lincoln County, WY, Pollution Control Revenue, Pacificorp Project, 0.25% ***, 1/1/2016, LOC: Wells Fargo Bank NA			11,250,000		11,250,000
Los Angeles County, CA, Multi-Family Housing Authority Revenue, Canyon Country Villas Project, Series H, 0.22% ***, 12/1/2032, INS: Freddie Mac, LOC: Freddie Mac			13,500,000		13,500,000
Los Angeles, CA, Unified School District, Certificates of Participation, Administration Building Project, Series A, 0.22% ***, 10/1/2024, LOC: Bank of America NA			7,085,000		7,085,000
Louisiana, Public Facilities Authority Hospital Revenue, Series D, 0.22% ***, 7/1/2028, LOC: US Bank NA			22,025,000		22,025,000
Louisiana, Public Facilities Authority Revenue, Dynamic Fuels LLC Project, 0.23% ***, 10/1/2033, LOC: JPMorgan Chase Bank			11,000,000		11,000,000
Maine, State Housing Authority, Mortgage Purchase Revenue, Series D, AMT, 0.28% ***, 11/15/2042, SPA: KBC Bank NV			10,000,000		10,000,000
Maricopa County, AZ, Industrial Development Authority, Senior Living Facilities Revenue, Christian Care Apartments, Series A, 0.24% ***, 9/15/2035, INS: Fannie Mae, LIQ: Fannie Mae			11,000,000		11,000,000
Maryland, State Health & Higher Educational Facilities Authority Revenue, Suburban Hospital, 0.22% ***, 7/1/2029, LOC: PNC Bank NA			10,835,000		10,835,000
Maryland, State Health & Higher Educational Facilities Authority Revenue, Upper Chesapeake Hospital, Series B, 0.24% ***, 1/1/2043, LOC: Branch Banking & Trust			17,605,000		17,605,000
Massachusetts, State Central Artery Project, Series A, 0.28% ***, 12/1/2030, SPA: Landesbank Baden-Wurttemberg			11,075,000		11,075,000
Massachusetts, State Department of Transportation, Metropolitan Highway Systems Revenue, Contract Assistance, Series A-4, 0.18% ***, 1/1/2039, SPA: Barclays Bank PLC			14,950,000		14,950,000
Massachusetts, State Department of Transportation, Metropolitan Highway Systems Revenue, Contract Assistance:
	Series A1, 0.2% ***, 1/1/2029, SPA: TD Bank NA		28,900,000		28,900,000
	Series A3, 0.22% ***, 1/1/2039, LOC: Bank of America NA		38,845,000		38,845,000
Massachusetts, State Development Finance Agency Revenue, Clark University, 0.22% ***, 10/1/2038, LOC: TD Bank NA			4,725,000		4,725,000
Massachusetts, State Development Finance Agency Revenue, Partners Healthcare Systems, Series K-1, 0.2% ***, 7/1/2046, SPA: Wells Fargo Bank NA			45,000,000		45,000,000
Massachusetts, State Development Finance Agency Revenue, The Fay School, Inc., 0.23% ***, 4/1/2038, LOC: TD Bank NA			5,400,000		5,400,000
Massachusetts, State Development Finance Agency Revenue, Wentworth Institute of Technology, 0.23% ***, 10/1/2030, LOC: RBS Citizens NA			27,355,000		27,355,000
Massachusetts, State General Obligation:
	Series A, 0.21% ***, 9/1/2016, SPA: JPMorgan Chase Bank		31,845,000		31,845,000
	Series B, 0.26% ***, 3/1/2026, SPA: Bank of America NA		8,400,000		8,400,000
Massachusetts, State Health & Educational Facilities Authority Revenue, Hillcrest Extended Care Services, Inc., Series A, 0.28% ***, 10/1/2026, LOC: Bank of America NA			6,685,000		6,685,000
Michigan, Finance Authority, School Loan:
	Series B, 0.27% ***, 9/1/2050, LOC: PNC Bank NA (b)		25,000,000		25,000,000
	Series C, 0.27% ***, 9/1/2050, LOC: Bank of Montreal (b)		21,000,000		21,000,000
Michigan, State Strategic Fund Ltd. Obligation Revenue, Consumers Energy Co., 0.23% ***, 4/15/2018, LOC: Wells Fargo Bank NA			13,000,000		13,000,000
Minnesota, State Housing Finance Agency, Residential Housing:
	Series J, AMT, 0.26% ***, 7/1/2033, SPA: Lloyds TSB Bank PLC		12,245,000		12,245,000
	Series C, AMT, 0.26% ***, 1/1/2037, SPA: State Street Bank & Trust Co.		18,170,000		18,170,000
Minnesota, State Housing Finance Agency, Residential Housing Finance, Series M, AMT, 0.26% ***, 1/1/2036, SPA: Lloyds TSB Bank PLC			8,060,000		8,060,000
Mississippi, Business Finance Corp., Gulf Opportunity Zone, Chevron USA, Inc., Series B, 0.18% ***, 12/1/2030, GTY: Chevron Corp.			40,000,000		40,000,000
Missouri, State Health & Educational Facilities Authority Revenue, Ascension Health, Series C-3, 0.22% ***, 11/15/2039			14,000,000		14,000,000
Monroe County, GA, Development Authority Pollution Control Revenue, Oglethorpe Power Corp., Series B, 0.21% ***, 1/1/2036, LOC: JPMorgan Chase Bank			10,330,000		10,330,000
Montgomery County, TN, Public Building Authority, Pooled Financing Revenue, Tennessee County Loan Pool, 0.26% ***, 7/1/2038, LOC: Bank of America NA			19,140,000		19,140,000
Montgomery, AL, BMC Special Care Facilities Financing Authority Revenue, 144A, 0.55% ***, 11/15/2029, GTY: Bank of America NA, INS: NATL, LIQ: Bank of America NA (b)			41,280,000		41,280,000
Nashville & Davidson County, TN, Metropolitan Government, Health & Educational Facilities Board Revenue, Vanderbilt University, Series A, 0.23% ***, 10/1/2030			24,150,000		24,150,000
Nevada, Housing Division, Multi-Unit Housing, Apache Project, Series A, AMT, 0.24% ***, 10/15/2032, INS: Fannie Mae, LIQ: Fannie Mae			11,815,000		11,815,000
Nevada, Housing Division, Single Family Mortgage Revenue, Series A, AMT, 0.4% ***, 10/1/2039, INS: Fannie Mae, Freddie Mac & Ginnie Mae, SPA: JPMorgan Chase Bank			10,000,000		10,000,000
New Jersey, Health Care Facilities Financing Authority Revenue, Southern Ocean County Hospital, 144A, 0.19% ***, 7/1/2036, LOC: Wells Fargo Bank NA			5,245,000		5,245,000
New Jersey, Health Care Facilities, Financing Authority Revenue, Princeton Health Care, Series B, 0.18% ***, 7/1/2041, LOC: TD Bank NA			8,630,000		8,630,000
New Jersey, State Educational Facilities Authority Revenue, Seton Hall University, Series D, 0.19% ***, 7/1/2037, LOC: TD Bank NA			13,735,000		13,735,000
New Jersey, State Transportation Trust Fund Authority, Transportation Systems, Series D, 0.22% ***, 6/15/2032, LOC: Sumitomo Mitsui Banking			23,000,000		23,000,000
New Mexico, Educational Assistance Foundation, Series A-1, AMT, 0.28% ***, 4/1/2034, LOC: Royal Bank of Canada			20,000,000		20,000,000
New York, Metropolitan Transportation Authority, 0.26%, 4/5/2011			35,000,000		35,000,000
New York, State Dormitory Authority Revenues, Non-State Supported Debt, St. John's University, Series B-2, 0.21% ***, 7/1/2037, LOC: Bank of America NA			32,000,000		32,000,000
New York, State Dormitory Authority Revenues, Secondary Issues, Series R-12121, 0.25% ***, 4/1/2015, LIQ: Citibank NA			15,830,000		15,830,000
New York, State Energy Research & Development Authority Facilities Revenue, Consolidated Edison Co. of New York, Inc.:
	Series A-1, 144A, 0.25% ***, 5/1/2039, LOC: Mizuho Corporate Bank		22,800,000		22,800,000
	Series C-1, 144A, AMT, 0.28% ***, 11/1/2039, LOC: Mizuho Corporate Bank		11,200,000		11,200,000
	Series A-2, 144A, 0.32% ***, 5/1/2039, LOC: Mizuho Corporate Bank		21,100,000		21,100,000
	Series C-3, 144A, AMT, 0.32% ***, 11/1/2039		27,000,000		27,000,000
New York, State Housing Finance Agency Revenue, 100 Maiden Lane Properties, Series A, 0.23% ***, 5/15/2037, INS: Fannie Mae, LIQ: Fannie Mae			29,660,000		29,660,000
New York, State Housing Finance Agency Revenue, 316 Eleventh Avenue Housing, Series A, AMT, 0.25% ***, 5/15/2041, INS: Fannie Mae, LIQ: Fannie Mae			48,500,000		48,500,000
New York, State Housing Finance Agency Revenue, 88 Leonard Street, Series A, 144A, 0.28% ***, 11/1/2037, LOC: Landesbank Hessen-Thuringen (b)			11,650,000		11,650,000
New York, State Housing Finance Agency Revenue, Capitol Green Apartments, Series A, AMT, 0.26% ***, 5/15/2036, INS: Fannie Mae, LIQ: Fannie Mae			7,000,000		7,000,000
New York, State Housing Finance Agency Revenue, Helena Housing:
	Series A, AMT, 0.23% ***, 5/15/2036, INS: Fannie Mae, LIQ: Fannie Mae		9,000,000		9,000,000
	Series A, AMT, 0.23% ***, 5/15/2036, INS: Fannie Mae, LIQ: Fannie Mae		52,950,000		52,950,000
New York, State Housing Finance Agency Revenue, Historic Front Street, Series A, 0.23% ***, 11/1/2036, LOC: Landesbank Hessen-Thuringen			10,000,000		10,000,000
New York, State Housing Finance Agency Revenue, Rip Van Winkle House LLC, Series A, 144A, AMT, 0.26% ***, 11/1/2034, INS: Freddie Mac, LOC: Freddie Mac			7,400,000		7,400,000
New York, State Housing Finance Agency Revenue, West 38 Street, Series A, AMT, 0.23% ***, 5/15/2033, INS: Fannie Mae, LIQ: Fannie Mae			16,000,000		16,000,000
New York, State Housing Finance Agency, Affordable Housing Revenue, Clinton Park Housing, Series A, 0.21% ***, 11/1/2044, LOC: Wells Fargo Bank NA			23,000,000		23,000,000
New York, State Local Government Assistance Corp., Series B-3V, 0.25% ***, 4/1/2024, SPA: JPMorgan Chase Bank			4,000,000		4,000,000
New York, Triborough Bridge & Tunnel Authority Revenues, Series C, 144A, 0.22% ***, 1/1/2032, SPA: JPMorgan Chase Bank			86,590,000		86,590,000
New York City, NY, Health & Hospital Corp. Revenue, Health Systems, Series C, 144A, 0.21% ***, 2/15/2031, LOC: TD Bank NA			15,420,000		15,420,000
New York City, NY, Transitional Finance Authority Revenue:
	Series 2C, 0.19% ***, 11/1/2022, LIQ: Lloyds TSB Bank PLC		30,025,000		30,025,000
	Series 3866, 144A, 0.23% ***, 6/1/2011, LIQ: JPMorgan Chase & Co.		75,000,000		75,000,000
New York City, NY, Transitional Finance Authority Revenue, Future Tax Secured:
	Series G-5, 0.18% ***, 5/1/2034, SPA: Barclays Bank PLC		52,000,000		52,000,000
	Series A, 0.2% ***, 2/15/2030, SPA: JPMorgan Chase Bank		31,550,000		31,550,000
New York City, NY, Transitional Finance Authority, NYC Recovery, Series 3-E, 0.23% ***, 11/1/2022, SPA: Landesbank Baden-Wurttemberg			32,750,000		32,750,000
New York, NY, General Obligation:
	Series J-3, 0.18% ***, 8/1/2023, LIQ: Barclays Bank PLC		50,000,000		50,000,000
	Series G-4, 0.18% ***, 3/1/2039, LIQ: Barclays Bank PLC		123,700,000		123,700,000
	Series C-3A, 0.2% ***, 8/1/2020, LIQ: Bank of Nova Scotia		57,000,000		57,000,000
	Series C-3B, 0.2% ***, 8/1/2020, LIQ: Lloyds TSB Bank PLC		27,000,000		27,000,000
	Series A-6, 144A, 0.23% ***, 8/1/2031, LOC: Landesbank Baden-Wurttemberg		29,765,000		29,765,427
	Series H-2, 0.24% ***, 8/1/2014, INS: NATL, SPA: Wachovia Bank NA		13,100,000		13,100,000
North Carolina, Capital Facilities Finance Agency, Educational Facilities Revenue, Forsyth Country Day School, 0.26% ***, 12/1/2031, LOC: Branch Banking & Trust			12,460,000		12,460,000
North Carolina, Charlotte-Mecklenburg Hospital Authority, Carolinas Health Care Systems Revenue, Series H, 0.2% ***, 1/15/2045, LOC: Wells Fargo Bank NA			25,300,000		25,300,000
North Carolina, State Education Assistance Authority Revenue, Student Loan:
	Series A-2, AMT, 0.28% ***, 9/1/2035, LOC: Royal Bank of Canada		46,900,000		46,900,000
	Series 5, AMT, 0.31% ***, 9/1/2035, LOC: Branch Banking & Trust		24,015,000		24,015,000
North Texas, Higher Education Authority, Inc., Student Loan Revenue, Series B, AMT, 0.26% ***, 12/1/2035, LOC: Bank of America NA			10,000,000		10,000,000
Ohio, Housing Finance Agency, Residential Mortgage-Backed Revenue, Series F, AMT, 0.23% ***, 3/1/2037, INS: Fannie Mae & Ginnie Mae, SPA: Citibank NA			31,930,000		31,930,000
Ohio, State Housing Finance Agency, Residential Mortgage Revenue, Mortgage-Backed Securities Program, Series N, AMT, 0.23% ***, 9/1/2036, INS: Fannie Mae & Ginnie Mae, SPA: State Street Bank & Trust Co.			68,405,000		68,405,000
Ohio, State Water Development Authority, Pollution Control Facilities Revenue, FirstEnergy Nuclear Generation Corp., Series B, 0.22% ***, 12/1/2033, LOC: Wells Fargo Bank NA			12,635,000		12,635,000
Ohio, Water Development Authority, Pollution Control Facilities Revenue, Series 12C, 144A, 0.25% ***, 3/1/2031, LIQ: Wells Fargo Bank NA			29,995,000		29,995,000
Oklahoma, Development Finance Authority, Continuing Care Retirement, Inverness Village Project, Series A, 0.25% ***, 1/1/2042, LOC: KBC Bank NV			15,480,000		15,480,000
Oklahoma, State Turnpike Authority Revenue:
	Series F, 0.22% ***, 1/1/2028, SPA: JPMorgan Chase Bank		14,500,000		14,500,000
	Series B, 0.24% ***, 1/1/2028, SPA: Royal Bank of Canada		20,330,000		20,330,000
	Series C, 0.24% ***, 1/1/2028, SPA: Bank of America NA		69,810,000		69,810,000
	Series D, 0.24% ***, 1/1/2028, SPA: Royal Bank of Canada		24,060,000		24,060,000
Oregon, State Facilities Authority Revenue, Childpeace Montessori, Series A, 0.24% ***, 10/1/2037, LOC: Bank of The West			7,000,000		7,000,000
Palm Beach County, FL, Solid Waste Authority Revenue, 1.0%, Mandatory Put 1/12/2012 @ 100, 10/1/2031			100,000,000		100,451,579
Pennsylvania, State Higher Educational Facilities Authority Revenue, Drexel University, Series B, 0.23% ***, 5/1/2032, LOC: Landesbank Hessen-Thuringen			11,685,000		11,685,000
Philadelphia, School District, Series F, 0.2% ***, 9/1/2030, LOC: Barclays Bank PLC			44,300,000		44,300,000
Philadelphia, PA, Airport Revenue, Series C, AMT, 0.23% ***, 6/15/2025, LOC: TD Bank NA			15,300,000		15,300,000
Piedmont, SC, Municipal Power Agency, Electric Revenue:
	Series B, 0.22% ***, 1/1/2034, LOC: US Bank NA		9,000,000		9,000,000
	Series C, 0.22% ***, 1/1/2034, LOC: TD Bank NA		6,000,000		6,000,000
Pinellas County, FL, Health Facilities Authority Revenue, Baycare Health Systems, Series A2, 0.24% ***, 11/1/2038, LOC: Northern Trust Co.			9,750,000		9,750,000
Raleigh Durham, NC, Airport Authority Revenue, Series C, 0.25% ***, 5/1/2036, LOC: US Bank NA			10,595,000		10,595,000
Sacramento County, CA, Multi-Family Housing Authority Revenue, Sierra Sunrise Senior Apartments, Series D, AMT, 0.26% ***, 7/1/2036, LOC: Citibank NA			5,196,000		5,196,000
Salem, OR, Hospital Facility Authority Revenue, Salem Hospital Project, Series C, 0.24% ***, 8/15/2036, LOC: Bank of America NA			12,500,000		12,500,000
San Jose, CA, Financing Authority Lease Revenue, Hayes Mansion, Series D, 0.22% ***, 6/1/2025, LOC: US Bank NA (b)			42,580,000		42,580,000
San Jose, CA, Financing Authority Lease Revenue, Ice Center, Series E1, 0.23% ***, 6/1/2025, LOC: Bank of America NA (b)			13,015,000		13,015,000
San Jose, CA, Lease Finance Authority, 0.32%, 5/2/2011			11,196,000		11,196,000
Sarasota County, FL, Continuing Care Retirement Community Revenue, Glenridge Palmer Project, 0.23% ***, 6/1/2036, LOC: Bank of Scotland			20,000,000		20,000,000
Sarasota County, FL, Public Hospital District Revenue, Sarasota Memorial Hospital, Series B, 0.25% ***, 7/1/2037, LOC: Bank of America NA			26,665,000		26,665,000
Southern California, Metropolitan Water District, Waterworks Revenue, Series B, 0.22% ***, 7/1/2028, SPA: Landesbank Hessen-Thuringen			7,000,000		7,000,000
St. James Parish, LA, Nustar Logistics, Series A, 0.24% ***, 10/1/2040, LOC: JPMorgan Chase Bank			12,500,000		12,500,000
Tarrant County, TX, Cultural Education Facilities Finance Corp., Retirement Facilities, Northwest Senior Edgemere Project, Series B, 144A, 0.23% ***, 11/15/2036, LOC: LaSalle Bank NA			9,330,000		9,330,000
Texas, Alliance Airport Authority, Inc., Special Facilities Revenue, Series 2088, 144A, AMT, 0.24% ***, 4/1/2021, GTY: Wells Fargo & Co., LIQ: Wells Fargo & Co.			10,470,000		10,470,000
Texas, State General Obligation:
	Series D, 0.26% ***, 12/1/2030, LOC: Lloyds TSB Bank PLC		16,480,000		16,480,000
	Series E, 0.45% ***, 6/1/2032, LOC: Sumitomo Mitsui Banking (b)		24,995,000		24,995,000
Texas, State Tax & Revenue Anticipation Notes:
	Series 3812, 144A, 0.23% ***, 8/31/2011, LIQ: JPMorgan Chase & Co.		125,500,000		125,500,000
	2.0%, 8/31/2011		109,765,000		110,515,828
Texas, State Veterans Housing Assistance Fund II, Series C, 0.26% ***, 6/1/2031, SPA: JPMorgan Chase & Co. (b)			11,560,000		11,560,000
Texas, University of Houston Revenues, Consolidated Systems, 0.23% ***, 2/15/2024			9,625,000		9,625,000
Travis County, TX, Health Facilities Development Corp., Retirement Facilities Revenue, Longhorn Village Project, Series B, 0.23% ***, 7/1/2037, LOC: Bank of Scotland			23,750,000		23,750,000
Tulsa, OK, Airports Improvement Trust, Special Facility Revenue, Bizjet International Sales & Support, Inc., 144A, AMT, 0.25% ***, 8/1/2018, LOC: Landesbank Hessen-Thuringen			7,000,000		7,000,000
Union County, NC, Enterprise Systems Revenue, 0.22% ***, 6/1/2034, LOC: Bank of America NA			11,600,000		11,600,000
University of Chicago, 0.27%, 6/15/2011			8,000,000		7,995,500
University of New Mexico, Systems Improvement Revenues, 0.24% ***, 6/1/2026, SPA: JPMorgan Chase Bank			21,000,000		21,000,000
University of Texas, Financing Systems Revenues:
	Series B, 0.17% ***, 8/1/2025, LIQ: University of Texas Investment Management Co.		51,180,000		51,180,000
	Series B, 0.18% ***, 8/1/2039, LIQ: University of Texas Investment Management Co.		53,575,000		53,575,000
University of Washington, 0.26%, 4/6/2011			15,000,000		15,000,000
Vermont, Educational & Health Buildings, Financing Agency Revenue, Norwich University Project, 0.22% ***, 9/1/2038, LOC: TD Bank NA			9,600,000		9,600,000
Vermont, State Student Assistance Corp., Education Loan Revenue, Series C-2, 144A, AMT, 0.26% ***, 12/15/2040, LOC: Lloyds Bank			31,000,000		31,000,000
Vermont, State Student Assistance Corp., Education Loan Revenue., Series B-1, AMT, 0.24% ***, 12/15/2039, LOC: Bank of New York			62,790,000		62,790,000
Waco, TX, Educational Finance Corp. Revenue, Baylor University, Series B, 0.24% ***, 2/1/2032, SPA: JPMorgan Chase Bank			60,000,000		60,000,000
Washington, State Economic Development Finance Authority, Solid Waste Disposal Revenue, Waste Management, Inc. Project, Series D, AMT, 0.3% ***, 7/1/2030, LOC: JP Morgan Chase & Co.			20,000,000		20,000,000
Washington, State General Obligation, Series 16C, 144A, 0.25% ***, 2/1/2036, LIQ: Wells Fargo Bank NA			10,700,000		10,700,000
Washington, State Health Care Facilities Authority, Swedish Health Services, Series B, 0.23% ***, 11/15/2046, LOC: Citibank NA			13,000,000		13,000,000
Washington, State Housing Finance Commission, Multi-Family Revenue, New Tacoma Apartments Project, 0.24% ***, 1/1/2040, LOC: Wells Fargo Bank NA			11,400,000		11,400,000
Washington, State Housing Finance Commission, Nonprofit Housing Revenue, Emerald Heights Project, 0.27% ***, 7/1/2033, LOC: Bank of America NA			16,800,000		16,800,000
Washington, State Housing Finance Commission, Nonprofit Revenue, St. Thomas School Project, Series B, 0.24% ***, 7/1/2036, LOC: Bank of America NA			10,510,000		10,510,000
Washington County, AL, Industrial Development Authority Revenue, Bay Gas Storage Co. Ltd. Project, 144A, 0.22% ***, 8/1/2037, LOC: UBS AG			9,165,000		9,165,000
Washington, DC, Metropolitan Airport Authority Systems, Series C-1, 144A, AMT, 0.18% ***, 10/1/2033, LOC: Barclays Bank PLC			66,750,000		66,750,000
Wichita, KS, Hospital Revenue, Christi Health Facilities-VIII, Series B-1, 0.22% ***, 11/15/2039, LOC: JPMorgan Chase & Co.			6,800,000		6,800,000
Wisconsin, Housing & Economic Development Authority, Home Ownership Revenue, Series B, 0.25% ***, 3/1/2033, LOC: Fannie Mae & Freddie Mac (b)			14,610,000		14,610,000
Wyoming, Student Loan Corp. Revenue, Series A-3, 0.25% ***, 12/1/2043, LOC: Royal Bank of Canada			40,000,000		40,000,000

Total Municipal Bonds and Notes (Cost $4,889,010,334)				4,889,010,334
	Repurchase Agreements 0.4%
Merrill Lynch & Co., Inc., 0.18%, dated 3/31/2011, to be repurchased at $2,045,821 on 4/1/2011 (c)			2,045,811		2,045,811
Morgan Stanley & Co., Inc., 0.17%, dated 3/31/2011, to be repurchased at $129,507,305 on 4/1/2011 (d)			129,506,693		129,506,693

Total Repurchase Agreements (Cost $131,552,504)				131,552,504

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.
*	These securities are shown at their current rate as of March 31, 2011. Floating rate securities' yields vary with a designated market index or market rate, such as the coupon-equivalent of the US Treasury bill rate.
**	Annualized yield at time of purchase; not a coupon rate.
***	Variable rate demand notes are securities whose interest rates are reset periodically at market levels. These securities are often payable on demand and are shown at their current rates as of March 31, 2011.
†	The cost for federal income tax purposes was $31,415,397,455.
(a)	Government-backed debt issued by financial companies or government sponsored enterprises.
(b)	Taxable issue.
(c)	Collateralized by $1,995,439 Federal National Mortgage Association, 3.884%, maturing on 9/1/2039 with a value of $2,086,728.
(d)	Collateralized by $129,362,534 Federal Home Loan Mortgage Corp., with various coupon rates from 3.5-5.5%, with various maturity dates of 10/1/2038-2/1/2041 with a value of $133,309,490.
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.
AMT: Subject to alternative minimum tax.
GTY: Guaranty Agreement
INS: Insured
LIQ: Liquidity Facility
LOC: Letter of Credit
NATL: National Public Finance Guarantee Corp.
Radian: Radian Asset Assurance, Inc.
SPA: Standby Bond Purchase Agreement

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 inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Securities held by the fund are reflected as Level 2 because the securities are valued at amortized cost (which approximates fair value) and, accordingly, the inputs used to determine value are not quoted prices in an active market.

The following is a summary of the inputs used as of March 31, 2011 in valuing the Fund's investments.

	Level 1		Level 2		Level 3		Total
Assets
Investments in Securities(e)	$	—	$	31,283,844,951	$	—	$	31,283,844,951
Repurchase Agreements		—		131,552,504		—		131,552,504
Total	$	—	$	31,415,397,455	$	—	$	31,415,397,455

There have been no transfers between Level 1 and Level 2 fair value measurements during the period ended March 31, 2011.
(e)	See Investment Portfolio for additional detailed categorizations.

ITEM 2.	CONTROLS AND PROCEDURES

	(a) The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.

	(b) There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.

ITEM 3.	EXHIBITS

	Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

Registrant:	Cash Management Portfolio

By:	/s/Michael G. Clark Michael G. Clark President

Date:	May 25. 2011

By:	/s/Michael G. Clark Michael G. Clark President

Date:	May 25. 2011



By:	/s/Paul Schubert Paul Schubert Chief Financial Officer and Treasurer

Date:	May 25. 2011