| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| MUNICIPAL SECURITIES 99.4% OF NET ASSETS | ||||
| ALABAMA 1.4% | ||||
| Montgomery Cnty | ||||
| GO Refunding Warrants Series 2021A | 4.00% | 03/01/27 | 1,000,000 | 1,170,889 |
| Pell Special Care Facilities Financing Auth | ||||
| RB (Noland Health Services) Series 2016A | 5.00% | 12/01/31 (a) | 2,000,000 | 2,000,000 |
| Southeast Energy Auth | ||||
| Commodity Supply RB Series 2021B1 | 4.00% | 06/01/30 (a) | 2,000,000 | 2,400,083 |
| Commodity Supply RB Series 2021B1 | 4.00% | 06/01/31 (a) | 1,850,000 | 2,244,376 |
| Univ of Montevallo | ||||
| RB Series 2017 | 5.00% | 05/01/26 | 200,000 | 236,537 |
| RB Series 2017 | 5.00% | 05/01/27 | 250,000 | 304,034 |
| RB Series 2017 | 5.00% | 05/01/42 (a) | 2,150,000 | 2,563,148 |
| 10,919,067 | ||||
| ARIZONA 1.1% | ||||
| Arizona Health Facilities Auth | ||||
| RB (Phoenix Childrens Hospital) Series 2013B | 5.00% | 02/01/43 (a) | 1,000,000 | 1,050,197 |
| Refunding RB (Phoenix Childrens Hospital) Series 2013A3 (SIFMA Municipal Swap Index + 1.85%) | 1.90% | 02/01/48 (a)(b) | 3,000,000 | 3,027,185 |
| Arizona IDA | ||||
| RB Series 2021A | 4.00% | 11/01/29 | 1,000,000 | 1,190,909 |
| RB Series 2021A | 4.00% | 11/01/30 | 500,000 | 603,624 |
| RB Series 2021A | 4.00% | 11/01/31 | 1,270,000 | 1,548,022 |
| Tucson | ||||
| Refunding COP Series 2014 | 4.00% | 07/01/22 | 700,000 | 715,663 |
| Refunding COP Series 2014 | 4.00% | 07/01/23 | 700,000 | 741,685 |
| 8,877,285 | ||||
| ARKANSAS 1.3% | ||||
| Bella Vista | ||||
| Sales & Use Tax Bonds Series 2020 | 1.13% | 10/01/45 (a) | 2,310,000 | 2,323,147 |
| Bentonville Sales & Use Tax | ||||
| Sales & Use Tax Refunding RB Series 2021B | 1.05% | 11/01/46 (a) | 1,605,000 | 1,604,105 |
| Forrest City | ||||
| Sales & Use Tax RB Series 2021 | 1.55% | 11/01/44 (a) | 1,000,000 | 996,404 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Little Rock | ||||
| Sewer Refunding RB Series 2015 | 3.00% | 04/01/23 | 735,000 | 761,341 |
| Sewer Refunding RB Series 2015 | 3.00% | 04/01/24 | 560,000 | 589,956 |
| Marion | ||||
| Sales & Use Tax RB Series 2017 | 2.90% | 09/01/47 (a) | 225,000 | 226,531 |
| Rogers | ||||
| Sales & Use Tax Bonds Series 2018B | 3.25% | 11/01/43 (a) | 2,140,000 | 2,238,267 |
| Sherwood | ||||
| Sales & Use Tax Bonds Series 2018 | 3.05% | 12/01/43 (a) | 335,000 | 344,338 |
| Springdale | ||||
| Sales & Use Tax Refunding & Improvement Bonds Series 2018 | 3.00% | 04/01/43 (a) | 930,000 | 951,597 |
| 10,035,686 | ||||
| CALIFORNIA 10.1% | ||||
| Bay Area Toll Auth | ||||
| Toll Bridge RB Series 2017H | 2.13% | 04/01/53 (a)(b)(c) | 3,000,000 | 3,129,571 |
| Toll Bridge RB Series 2018A | 2.63% | 04/01/45 (a)(b)(c) | 3,000,000 | 3,204,591 |
| Toll Bridge RB Series 2021C (SIFMA Municipal Swap Index + 0.45%) | 0.50% | 04/01/56 (a)(b) | 5,000,000 | 5,058,560 |
| California | ||||
| GO Bonds | 5.00% | 08/01/24 | 1,000,000 | 1,123,462 |
| GO Bonds | 3.00% | 03/01/26 | 5,000,000 | 5,508,603 |
| GO Bonds | 5.00% | 03/01/27 (a) | 2,600,000 | 2,977,309 |
| GO Refunding Bonds | 5.00% | 12/01/26 | 10,000,000 | 12,131,513 |
| GO Refunding Bonds Series 2017 | 5.00% | 08/01/32 (a) | 590,000 | 707,727 |
| California Health Facilities Financing Auth | ||||
| RB (Adventist Health System) Series 2011A | 3.00% | 03/01/41 (a)(b)(c) | 2,685,000 | 2,792,047 |
| Refunding RB (Lucile Salter Packard Childrens Hospital) Series 2022A | 4.00% | 05/15/51 (a)(d) | 1,000,000 | 1,149,771 |
| California Statewide Communities Development Auth | ||||
| Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/23 | 455,000 | 477,165 |
| Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/24 | 600,000 | 654,484 |
| Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/25 | 1,000,000 | 1,131,184 |
| Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/26 | 1,050,000 | 1,226,076 |
| RB (Loma Linda Univ Medical Center) Series 2016A | 5.00% | 12/01/36 (a) | 1,500,000 | 1,732,283 |
| RB (Loma Linda Univ Medical Center) Series 2018A | 5.25% | 12/01/43 (a) | 1,065,000 | 1,298,354 |
| Hastings Campus Housing Financing Auth | ||||
| Campus Housing RB Series 2020A | 5.00% | 07/01/45 (a) | 3,700,000 | 4,353,098 |
| Jurupa Public Finance Auth | ||||
| Special Tax RB Series 2014A | 5.00% | 09/01/22 | 60,000 | 62,038 |
| Los Angeles Dept of Airports | ||||
| Sub RB Series 2019F | 5.00% | 05/15/28 | 2,115,000 | 2,628,625 |
| Lynwood USD | ||||
| GO Bonds Series E | 0.00% | 08/01/42 (a)(e) | 1,380,000 | 842,503 |
| GO Bonds Series E | 0.00% | 08/01/44 (a)(e) | 4,640,000 | 2,655,921 |
| Oakland USD | ||||
| GO Bonds Series 2015A | 5.00% | 08/01/27 (a) | 1,295,000 | 1,499,536 |
| GO Bonds Series 2015A | 5.00% | 08/01/28 (a) | 1,000,000 | 1,157,548 |
| Oroville | ||||
| RB (Oroville Hospital) Series 2019 | 5.25% | 04/01/49 (a) | 2,700,000 | 3,024,013 |
| Pasadena | ||||
| Refunding COP Series 2015A | 5.00% | 02/01/29 (a) | 585,000 | 666,949 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Pleasant Valley SD | ||||
| GO Refunding Bonds Series 2002A | 5.85% | 08/01/31 | 3,000,000 | 3,747,470 |
| Rancho Cucamonga Successor Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds Series 2014 | 5.00% | 09/01/26 (a) | 755,000 | 845,179 |
| San Bruno Public Finance Auth | ||||
| Lease RB Series 2019 | 5.00% | 05/01/30 (a) | 460,000 | 589,302 |
| San Diego USD | ||||
| GO Bonds Series 2010C | 0.00% | 07/01/31 (e) | 1,250,000 | 1,096,922 |
| GO Bonds Series 2010C | 0.00% | 07/01/32 (e) | 1,500,000 | 1,284,359 |
| GO Bonds Series 2010C | 0.00% | 07/01/33 (e) | 1,000,000 | 835,641 |
| GO Bonds Series 2010C | 0.00% | 07/01/35 (e) | 1,300,000 | 1,026,773 |
| San Francisco Airport Commission | ||||
| RB 2nd Series 2019E | 5.00% | 05/01/40 (a) | 2,875,000 | 3,551,952 |
| San Francisco Public Utilities Commission | ||||
| Water RB Series 2017A | 5.00% | 11/01/36 (a) | 2,685,000 | 3,032,310 |
| Santa Cruz Cnty Successor Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds 2014 | 5.00% | 09/01/22 | 605,000 | 625,732 |
| Tax Allocation Refunding Bonds 2014 | 5.00% | 09/01/23 | 375,000 | 404,866 |
| Tax Allocation Refunding Bonds 2014 | 5.00% | 09/01/24 | 1,060,000 | 1,189,755 |
| Stockton Public Financing Auth | ||||
| Water Refunding RB Series 2018A | 5.00% | 10/01/23 | 300,000 | 324,809 |
| Water Refunding RB Series 2018A | 5.00% | 10/01/24 | 300,000 | 337,314 |
| Water Refunding RB Series 2018A | 5.00% | 10/01/25 | 500,000 | 581,468 |
| 80,666,783 | ||||
| COLORADO 2.3% | ||||
| Centennial Water & Sanitation District | ||||
| Water & Wastewater RB Series 2019 | 5.00% | 12/01/34 (a) | 420,000 | 529,223 |
| Water & Wastewater RB Series 2019 | 5.00% | 12/01/35 (a) | 500,000 | 629,364 |
| Colorado Health Facilities Auth | ||||
| Hospital RB (AdventHealth) Series 2019B | 5.00% | 11/15/49 (a)(b)(c) | 4,000,000 | 4,841,221 |
| RB (CommonSpirit Health) Series 2019A1 | 4.00% | 08/01/37 (a) | 1,250,000 | 1,466,275 |
| Refunding RB (Evangelical Lutheran Good Samaritan Society) Series 2017 | 5.00% | 06/01/31 (a)(f) | 1,250,000 | 1,526,439 |
| Colorado Regional Transportation District | ||||
| RB (Denver Transit Partners) Series 2020A | 5.00% | 07/15/30 | 300,000 | 385,585 |
| RB (Denver Transit Partners) Series 2020A | 5.00% | 01/15/31 | 500,000 | 649,217 |
| RB (Denver Transit Partners) Series 2020A | 4.00% | 07/15/34 (a) | 1,000,000 | 1,197,824 |
| Denver | ||||
| Airport System RB Series 2019D | 5.00% | 11/15/31 (a)(b)(c) | 1,750,000 | 1,827,441 |
| Dedicated Tax RB Series 2018A-2 | 0.00% | 08/01/31 (a)(e) | 380,000 | 296,362 |
| Univ of Colorado | ||||
| Refunding RB Series 2019C | 2.00% | 06/01/54 (a)(b)(c) | 5,000,000 | 5,209,383 |
| 18,558,334 | ||||
| CONNECTICUT 1.6% | ||||
| Connecticut | ||||
| GO Bonds Series 2020C | 4.00% | 06/01/33 (a) | 650,000 | 788,733 |
| GO Bonds Series 2020C | 4.00% | 06/01/34 (a) | 1,000,000 | 1,208,470 |
| GO Bonds Series 2020C | 4.00% | 06/01/35 (a) | 250,000 | 300,715 |
| GO Bonds Series 2020C | 4.00% | 06/01/36 (a) | 1,250,000 | 1,500,399 |
| GO Refunding Bonds Series 2016B | 5.00% | 05/15/27 (a) | 2,095,000 | 2,493,754 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Special Tax Obligation Bonds Series 2020A | 5.00% | 05/01/25 | 850,000 | 978,040 |
| Special Tax Obligation Bonds Series 2020A | 5.00% | 05/01/26 | 1,200,000 | 1,426,121 |
| Univ of Connecticut | ||||
| GO Bonds Series 2019A | 5.00% | 11/01/34 (a)(g) | 2,000,000 | 2,500,906 |
| GO Bonds Series 2019A | 5.00% | 11/01/36 (a)(g) | 1,000,000 | 1,247,464 |
| 12,444,602 | ||||
| DISTRICT OF COLUMBIA 0.4% | ||||
| District of Columbia Water & Sewer Auth | ||||
| Public Utility Sub Lien RB Series 2019C | 1.75% | 10/01/54 (a)(b)(c) | 3,000,000 | 3,094,210 |
| FLORIDA 3.6% | ||||
| Florida Higher Educational Facilities Financing Auth | ||||
| Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/24 | 375,000 | 418,206 |
| Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/25 | 450,000 | 517,658 |
| Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/26 | 765,000 | 905,763 |
| Educational Facilities RB (Florida Institute of Technology) Series 2019 | 5.00% | 10/01/27 | 685,000 | 830,717 |
| Greater Orlando Aviation Auth | ||||
| Airport Facilities RB Series 2019A | 5.00% | 10/01/26 | 5,000,000 | 5,967,309 |
| Hollywood Community Redevelopment Agency | ||||
| Refunding RB Series 2015 | 5.00% | 03/01/24 | 3,000,000 | 3,289,551 |
| Jacksonville | ||||
| Health Care Facilities Refunding RB (Baptist Health) Series 2017 | 5.00% | 08/15/34 (a) | 910,000 | 1,097,455 |
| Miami Beach Health Facilities Auth | ||||
| Hospital Refunding & RB (Mt Sinai Medical Center) Series 2014 | 5.00% | 11/15/22 | 150,000 | 156,653 |
| Hospital Refunding & RB (Mt Sinai Medical Center) Series 2014 | 5.00% | 11/15/24 | 400,000 | 451,249 |
| Hospital Refunding & RB (Mt Sinai Medical Center) Series 2014 | 5.00% | 11/15/25 (a) | 250,000 | 282,313 |
| Miami-Dade Cnty Expressway Auth | ||||
| Toll System RB Series 2014A | 5.00% | 07/01/22 | 550,000 | 564,940 |
| Toll System RB Series 2014A | 4.00% | 07/01/23 | 1,730,000 | 1,828,209 |
| Toll System RB Series 2014A | 5.00% | 07/01/24 | 625,000 | 694,234 |
| Miami-Dade Cnty Fla Health Facs | ||||
| Hospital Refunding RB Series 2021A | 4.00% | 08/01/51 (a) | 1,000,000 | 1,167,951 |
| Orlando Utilities Commission | ||||
| Utilities System RB Series 2021B | 1.25% | 10/01/46 (a)(b)(c) | 4,000,000 | 4,047,254 |
| Palm Beach Cnty Health Facilities Auth | ||||
| Hospital Refunding RB (Boca Raton Regional Hospital) Series 2014 | 5.00% | 12/01/22 (f) | 800,000 | 838,218 |
| Port St. Lucie | ||||
| Utility System Refunding RB Series 2014 | 5.00% | 09/01/22 | 485,000 | 502,404 |
| Utility System Refunding RB Series 2014 | 5.00% | 09/01/23 | 350,000 | 378,645 |
| Tallahassee | ||||
| Consolidated Utility Systems RB Series 2018 | 5.00% | 10/01/35 (a) | 1,495,000 | 1,735,508 |
| Tampa | ||||
| Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/35 (a)(e) | 1,550,000 | 1,069,367 |
| Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/36 (a)(e) | 800,000 | 529,326 |
| Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/37 (a)(e) | 855,000 | 541,258 |
| Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/38 (a)(e) | 1,000,000 | 604,645 |
| Tax Allocation RBs (Moffitt Cancer Center) Series 2020A | 0.00% | 09/01/49 (a)(e) | 1,200,000 | 440,839 |
| 28,859,672 | ||||
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| GEORGIA 1.9% | ||||
| Atlanta Hartsfield-Jackson Airport | ||||
| Airport Refunding RB Series 2020B | 5.00% | 07/01/27 | 2,500,000 | 3,042,671 |
| Airport Refunding RB Series 2020B | 5.00% | 07/01/28 | 2,400,000 | 2,991,724 |
| Brookhaven Development Auth | ||||
| RB (Children’s Healthcare of Atlanta) Series 2019A | 5.00% | 07/01/27 | 1,500,000 | 1,847,600 |
| Main St Natural Gas Inc | ||||
| Gas Supply RB Series 2018E (SIFMA Municipal Swap Index + 0.57%) | 0.62% | 08/01/48 (a)(b) | 5,000,000 | 5,046,523 |
| Milledgeville-Baldwin Cnty Development Auth | ||||
| RB (Univ of Georgia) Series 2021 | 5.00% | 06/15/33 (a) | 1,700,000 | 2,261,402 |
| 15,189,920 | ||||
| HAWAII 0.2% | ||||
| Hawaii | ||||
| Harbor System RB Series 2020A | 4.00% | 07/01/34 (a) | 750,000 | 899,575 |
| Harbor System RB Series 2020A | 4.00% | 07/01/35 (a) | 500,000 | 598,730 |
| 1,498,305 | ||||
| IDAHO 0.5% | ||||
| Canyon Cnty SD #139 | ||||
| GO Bonds Series 2019A | 5.00% | 09/15/26 (g) | 450,000 | 541,774 |
| GO Bonds Series 2019A | 5.00% | 09/15/27 (g) | 400,000 | 495,094 |
| GO Bonds Series 2019A | 5.00% | 09/15/28 (g) | 425,000 | 539,571 |
| GO Bonds Series 2019A | 5.00% | 09/15/29 (a)(g) | 400,000 | 511,990 |
| Idaho Health Facilities Auth | ||||
| RB Series 2021A | 4.00% | 03/01/46 (a)(d) | 750,000 | 879,499 |
| Nampa SD #131 | ||||
| GO Refunding Bonds Series 2011B | 4.00% | 08/15/22 (g) | 695,000 | 713,793 |
| 3,681,721 | ||||
| ILLINOIS 7.0% | ||||
| Bellwood Village | ||||
| GO Refunding Bonds Series 2014 | 4.00% | 12/01/21 | 500,000 | 500,000 |
| GO Refunding Bonds Series 2014 | 5.00% | 12/01/32 (a) | 1,705,000 | 1,926,519 |
| GO Refunding Bonds Series 2016B | 5.00% | 12/01/28 (a) | 1,855,000 | 2,239,227 |
| Chicago | ||||
| GO Bonds Series 2019A | 5.50% | 01/01/35 (a) | 1,450,000 | 1,843,910 |
| OHare General Airport Sr Lien Refunding RB Series 2012A | 5.00% | 01/01/25 (a)(f) | 290,000 | 291,120 |
| OHare General Airport Sr Lien Refunding RB Series 2012A | 5.00% | 01/01/33 (a) | 400,000 | 464,243 |
| OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/28 (a) | 1,750,000 | 1,981,867 |
| OHare General Airport Sr Lien Refunding RB Series 2015B | 5.00% | 01/01/29 (a) | 1,135,000 | 1,285,010 |
| OHare General Airport Sr Lien Refunding RB Series 2016C | 5.00% | 01/01/29 (a) | 400,000 | 469,301 |
| OHare General Airport Sr Lien Refunding RB Series 2016C | 5.00% | 01/01/31 (a) | 1,000,000 | 1,172,400 |
| Refunding GO Bonds Series 2014A | 5.00% | 01/01/35 (a) | 750,000 | 829,394 |
| Chicago Housing Auth | ||||
| GO Bonds Series 2018A | 5.00% | 01/01/27 | 1,000,000 | 1,192,302 |
| GO Bonds Series 2018A | 5.00% | 01/01/28 | 1,000,000 | 1,220,628 |
| Community Unit SD #300 | ||||
| GO Refunding Bonds Series 2013 | 5.25% | 01/01/31 (a) | 4,840,000 | 5,095,304 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Dupage Cnty HSD #88 | ||||
| GO Refunding Bonds Series 2016 | 5.00% | 01/15/26 | 2,500,000 | 2,927,082 |
| Illinois | ||||
| GO Bonds Series 2018 | 5.00% | 05/01/31 (a) | 1,000,000 | 1,207,392 |
| GO Bonds Series 2020 | 5.38% | 05/01/23 | 500,000 | 534,813 |
| GO Bonds Series 2020 | 5.50% | 05/01/24 | 1,000,000 | 1,117,445 |
| GO Bonds Series 2020 | 5.50% | 05/01/25 | 1,500,000 | 1,739,181 |
| GO Bonds Series 2021A | 5.00% | 03/01/46 (a) | 1,000,000 | 1,241,914 |
| GO Refunding Bonds Series 2016 | 5.00% | 02/01/28 (a) | 1,500,000 | 1,789,986 |
| GO Refunding Bonds Series 2018B | 5.00% | 10/01/33 (a) | 1,500,000 | 1,821,699 |
| Illinois Finance Auth | ||||
| Facilities RB (Univ of Illinois) Series 2019A | 5.00% | 10/01/44 (a) | 500,000 | 615,734 |
| Facilities RB (Univ of Illinois) Series 2019A | 5.00% | 10/01/51 (a) | 150,000 | 183,278 |
| RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/30 (a) | 900,000 | 1,071,069 |
| RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/33 (a) | 960,000 | 1,135,569 |
| RB (Rosalind Franklin Univ) Series 2017A | 5.00% | 08/01/34 (a) | 1,330,000 | 1,569,540 |
| Refunding RB (Northwestern Memorial Health) Series 2021A | 4.00% | 07/15/37 (a) | 2,500,000 | 3,042,236 |
| Refunding RB (Southern Illinois Healthcare Enterprises) Series 2017C | 5.00% | 03/01/26 | 700,000 | 823,412 |
| Refunding RB (Southern Illinois Healthcare Enterprises) Series 2017C | 5.00% | 03/01/30 (a) | 400,000 | 475,347 |
| Illinois Toll Highway Auth | ||||
| Toll Highway Sr RB Series 2019A | 5.00% | 01/01/44 (a) | 2,500,000 | 3,101,425 |
| Toll Highway Sr Refunding RB Series 2019C | 5.00% | 01/01/29 | 2,000,000 | 2,531,935 |
| Toll Highway Sr Refunding RB Series 2019C | 5.00% | 01/01/30 | 1,000,000 | 1,290,532 |
| Kankakee River Metropolitan Agency | ||||
| Sr Lien Sewage Treatment Facility Refunding RB Series 2016 | 5.00% | 05/01/26 | 1,305,000 | 1,537,809 |
| Northern Illinois Univ | ||||
| Auxiliary Facilities Refunding RB Series 2020B | 5.00% | 04/01/29 (g) | 400,000 | 501,740 |
| Auxiliary Facilities Refunding RB Series 2020B | 5.00% | 04/01/30 (g) | 450,000 | 575,209 |
| Auxiliary Facilities Refunding RB Series 2020B | 5.00% | 04/01/31 (a)(g) | 500,000 | 636,228 |
| Auxiliary Facilities Refunding RB Series 2020B | 4.00% | 04/01/35 (a)(g) | 1,050,000 | 1,234,991 |
| Auxiliary Facilities Refunding RB Series 2020B | 4.00% | 04/01/37 (a)(g) | 600,000 | 702,561 |
| Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/26 (g) | 250,000 | 296,672 |
| Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/27 (g) | 325,000 | 394,670 |
| Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/28 (g) | 325,000 | 403,572 |
| Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/29 (g) | 300,000 | 379,836 |
| Auxiliary Facilities System RB Series 2021 | 5.00% | 10/01/30 (g) | 325,000 | 419,356 |
| 55,813,458 | ||||
| INDIANA 0.2% | ||||
| Indiana Finance Auth | ||||
| Educational Facilities Refunding RB (Butler Univ) Series 2012A | 5.00% | 02/01/24 (a) | 1,790,000 | 1,803,591 |
| IOWA 0.7% | ||||
| Public Energy Financing Auth | ||||
| Gas Project RB Series 2019 | 5.00% | 09/01/49 (a)(b)(c)(g) | 5,000,000 | 5,902,799 |
| KANSAS 0.9% | ||||
| Crawford Cnty USD #250 | ||||
| GO Bonds Series 2017 | 5.00% | 09/01/26 | 250,000 | 299,991 |
| GO Bonds Series 2017 | 5.00% | 09/01/27 | 450,000 | 555,006 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Hutchinson | ||||
| Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/27 (a) | 375,000 | 440,232 |
| Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/28 (a) | 400,000 | 467,418 |
| Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/29 (a) | 440,000 | 511,618 |
| Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/30 (a) | 445,000 | 515,701 |
| Hospital Facilities RB (Hutchinson Regional Medical Center) Series 2016 | 5.00% | 12/01/31 (a) | 150,000 | 173,491 |
| Johnson & Miami County USD No. 230 | ||||
| GO Bonds Series 2018A | 5.00% | 09/01/26 | 250,000 | 299,602 |
| GO Bonds Series 2018A | 5.00% | 09/01/27 | 800,000 | 984,152 |
| GO Bonds Series 2018A | 5.00% | 09/01/31 (a) | 2,575,000 | 3,154,407 |
| 7,401,618 | ||||
| KENTUCKY 0.2% | ||||
| Kentucky | ||||
| COP 2015 | 4.00% | 06/15/24 | 400,000 | 433,970 |
| COP 2015 | 5.00% | 06/15/25 | 400,000 | 459,874 |
| Louisville & Jefferson Cnty Metro Government | ||||
| RB (Norton Healthcare) Series 2011B | 0.04% | 10/01/39 (a)(b)(g)(h) | 1,000,000 | 1,000,000 |
| 1,893,844 | ||||
| LOUISIANA 0.6% | ||||
| Louisiana Public Facilities Auth | ||||
| Refunding RB (Ochsner Clinic Fdn) Series 2017 | 5.00% | 05/15/27 | 500,000 | 609,269 |
| Louisiana Stadium & Exposition District | ||||
| BAN 2021 | 4.00% | 07/03/23 (a) | 2,000,000 | 2,088,489 |
| New Orleans | ||||
| Sewerage Service Refunding RB Series 2014 | 5.00% | 06/01/22 | 250,000 | 255,913 |
| Tangipahoa District #1 North Oaks Health System | ||||
| Refunding RB Series 2021 | 4.00% | 02/01/35 (a) | 1,600,000 | 1,896,450 |
| 4,850,121 | ||||
| MAINE 1.0% | ||||
| Maine Health & Educational Facilities Auth | ||||
| Educational Facilities RB Series 2021A | 5.00% | 07/01/32 (a) | 550,000 | 730,867 |
| Educational Facilities RB Series 2021A | 4.00% | 07/01/36 (a) | 500,000 | 607,070 |
| Educational Facilities RB Series 2021A | 4.00% | 07/01/46 (a) | 750,000 | 884,725 |
| RB (MaineHealth) Series 2020A | 5.00% | 07/01/30 | 800,000 | 1,044,757 |
| RB (MaineHealth) Series 2020A | 4.00% | 07/01/36 (a) | 400,000 | 475,189 |
| RB (MaineHealth) Series 2020A | 4.00% | 07/01/37 (a) | 1,000,000 | 1,185,303 |
| Portland | ||||
| General Airport Refunding RB Series 2019 | 5.00% | 01/01/28 | 500,000 | 611,956 |
| General Airport Refunding RB Series 2019 | 5.00% | 01/01/32 (a) | 560,000 | 705,776 |
| General Airport Refunding RB Series 2019 | 5.00% | 01/01/33 (a) | 695,000 | 874,311 |
| General Airport Refunding RB Series 2019 | 5.00% | 01/01/34 (a) | 620,000 | 778,744 |
| 7,898,698 | ||||
| MARYLAND 1.5% | ||||
| Maryland | ||||
| GO Bonds First Series 2017A | 5.00% | 03/15/26 | 5,080,000 | 6,041,764 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Maryland Health & Higher Educational Facilities Auth | ||||
| RB (Frederick Health System) Series 2020 | 4.00% | 07/01/45 (a) | 600,000 | 699,380 |
| RB (Meritus Medical Center) Series 2015 | 5.00% | 07/01/23 | 1,000,000 | 1,073,664 |
| Washington Cnty | ||||
| RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/24 | 320,000 | 348,858 |
| RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/25 | 550,000 | 621,227 |
| RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/27 | 645,000 | 774,615 |
| RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/28 | 1,405,000 | 1,719,010 |
| RB (Diakon Lutheran Social Ministries) Series 2019B | 5.00% | 01/01/29 | 505,000 | 632,550 |
| 11,911,068 | ||||
| MASSACHUSETTS 1.9% | ||||
| Massachusetts Development Finance Agency | ||||
| RB (Beth Israel Lahey Health) Series 2019K | 5.00% | 07/01/29 | 500,000 | 640,940 |
| RB (Beth Israel Lahey Health) Series 2019K | 5.00% | 07/01/31 (a) | 1,120,000 | 1,411,936 |
| RB (Beth Israel Lahey Health) Series 2019K | 5.00% | 07/01/32 (a) | 500,000 | 628,932 |
| RB (Boston Medical Center) Series 2016E | 5.00% | 07/01/31 (a) | 2,815,000 | 3,296,077 |
| RB (Boston Medical Center) Series 2017F | 5.00% | 07/01/28 (a) | 240,000 | 290,599 |
| RB (Lahey Health System) Series 2015F | 5.00% | 08/15/28 (a) | 950,000 | 1,094,256 |
| RB (Lesley Univ) Series 2019A | 5.00% | 07/01/35 (a) | 1,065,000 | 1,327,256 |
| RB (Lesley Univ) Series 2019A | 5.00% | 07/01/39 (a) | 1,065,000 | 1,317,896 |
| RB (Wellforce) Series 2019A | 5.00% | 07/01/24 | 1,200,000 | 1,333,256 |
| RB (Wellforce) Series 2020C | 4.00% | 10/01/45 (a) | 750,000 | 874,892 |
| Massachusetts HFA | ||||
| S/F Housing RB Series 183 | 3.50% | 12/01/46 (a) | 1,035,000 | 1,091,443 |
| S/F Housing RB Series 203 | 4.50% | 12/01/48 (a) | 1,490,000 | 1,639,120 |
| 14,946,603 | ||||
| MICHIGAN 1.0% | ||||
| Grand Rapids | ||||
| Sanitary Sewer System Refunding RB Series 2010 | 5.00% | 01/01/25 | 600,000 | 683,648 |
| Sanitary Sewer System Refunding RB Series 2010 | 5.00% | 01/01/27 | 1,145,000 | 1,391,733 |
| Karegnondi Water Auth | ||||
| RB Series 2014A | 5.00% | 11/01/24 (a) | 1,645,000 | 1,789,579 |
| RB Series 2014A | 5.00% | 11/01/25 (a) | 1,100,000 | 1,196,236 |
| Michigan Finance Auth | ||||
| Tobacco Settlement Asset-Backed Bonds Series 2020B1 Class 2 | 1.25% | 06/01/30 | 225,000 | 225,797 |
| Michigan Housing Development Auth | ||||
| S/F Mortgage RB Series 2015A | 4.00% | 06/01/46 (a) | 1,080,000 | 1,134,488 |
| Wayne Cnty Airport Auth | ||||
| Airport RB Series 2014B | 5.00% | 12/01/32 (a) | 550,000 | 622,160 |
| Airport RB Series 2014B | 5.00% | 12/01/33 (a) | 625,000 | 706,801 |
| 7,750,442 | ||||
| MINNESOTA 0.6% | ||||
| Center City | ||||
| Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/26 | 315,000 | 361,045 |
| Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/27 | 250,000 | 292,385 |
| Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/28 (a) | 330,000 | 389,696 |
| Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/29 (a) | 265,000 | 310,258 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/30 (a) | 250,000 | 291,444 |
| Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/34 (a) | 300,000 | 344,419 |
| Health Care Facilities Refunding RB (Hazelden Betty Ford Fdn) Series 2019 | 4.00% | 11/01/41 (a) | 220,000 | 249,046 |
| Duluth ISD #709 | ||||
| Refunding COP Series 2019C | 5.00% | 02/01/24 (g) | 400,000 | 436,433 |
| Refunding COP Series 2019C | 5.00% | 02/01/25 (g) | 375,000 | 423,612 |
| Refunding COP Series 2019C | 5.00% | 02/01/26 (g) | 400,000 | 465,218 |
| Minnesota Higher Educational Facilities Auth | ||||
| RB (Univ of St. Thomas) Series 2019 | 5.00% | 10/01/33 (a) | 400,000 | 505,015 |
| RB (Univ of St. Thomas) Series 2019 | 5.00% | 10/01/34 (a) | 250,000 | 315,045 |
| 4,383,616 | ||||
| MISSISSIPPI 0.3% | ||||
| Mississippi Development Bank | ||||
| Special Obligation (Jackson Public SD) RB Series 2018 | 5.00% | 10/01/25 | 1,000,000 | 1,166,243 |
| Special Obligation (Jackson Public SD) RB Series 2018 | 5.00% | 10/01/26 | 590,000 | 709,721 |
| Special Obligation (Jackson Public SD) Refunding RB Series 2012A | 5.00% | 04/01/28 (a)(f) | 345,000 | 366,711 |
| Special Obligation (Jackson Public SD) Refunding RB Series 2012A | 5.00% | 04/01/28 (a) | 220,000 | 232,174 |
| 2,474,849 | ||||
| MISSOURI 2.4% | ||||
| Jackson Cnty SD #4 | ||||
| School Building GO Bonds Series 2018A | 5.50% | 03/01/36 (a)(g) | 5,000,000 | 6,515,302 |
| School Building GO Bonds Series 2018A | 6.00% | 03/01/38 (a)(g) | 2,440,000 | 3,265,501 |
| Missouri Development Finance Board | ||||
| Facilities Refunding RB Series 2021A | 5.00% | 11/01/27 | 300,000 | 368,652 |
| Facilities Refunding RB Series 2021A | 5.00% | 11/01/28 | 770,000 | 965,941 |
| Missouri Health & Educational Facilities Auth | ||||
| Educational Facilities RB (Kansas City Univ of Medicine) Series 2017A | 5.00% | 06/01/35 (a) | 1,000,000 | 1,211,439 |
| Educational Facilities RB (Kansas City Univ of Medicine) Series 2017A | 5.00% | 06/01/36 (a) | 1,050,000 | 1,270,839 |
| Hospital Facilities RB (CoxHealth) Series 2019A | 5.00% | 11/15/31 (a) | 2,490,000 | 3,145,484 |
| Missouri Housing Development Commission | ||||
| S/F Mortgage RB Series 2017D | 4.00% | 05/01/47 (a) | 880,000 | 948,772 |
| S/F Mortgage RB Series 2018A | 4.25% | 05/01/49 (a) | 1,715,000 | 1,882,191 |
| 19,574,121 | ||||
| MONTANA 0.9% | ||||
| Montana Board of Housing | ||||
| S/F Housing RB Series 2018A | 4.00% | 06/01/49 (a) | 1,310,000 | 1,412,579 |
| Montana Facility Finance Auth | ||||
| RB (Billings Clinic) Series 2018C (SIFMA Municipal Swap Index + 0.55%) | 0.60% | 08/15/37 (a)(b) | 3,000,000 | 3,003,185 |
| Montana State Board of Regents | ||||
| Educational Facilities Refunding RB (Montana State Univ) Series 2012A (SIFMA Municipal Swap Index + 0.45%) | 0.50% | 11/15/35 (a)(b) | 2,950,000 | 2,957,190 |
| 7,372,954 | ||||
| NEBRASKA 0.6% | ||||
| Boys Town Village | ||||
| RB (Father Flanagan Boys Home) Series 2017 | 3.00% | 09/01/28 | 3,365,000 | 3,753,612 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Nebraska Investment Finance Auth | ||||
| S/F Housing RB Series 2016A | 3.50% | 03/01/46 (a) | 50,000 | 50,361 |
| Papio-Missouri River Natural Resource District | ||||
| Flood Protection & Water Quality Enhancement Refunding Bonds Series 2017 | 4.00% | 12/15/27 (a)(f) | 250,000 | 255,159 |
| Flood Protection & Water Quality Enhancement Refunding Bonds Series 2017 | 4.00% | 12/15/28 (a)(f) | 275,000 | 280,675 |
| Flood Protection & Water Quality Enhancement Refunding Bonds Series 2017 | 4.00% | 12/15/30 (a)(f) | 500,000 | 510,319 |
| 4,850,126 | ||||
| NEVADA 0.2% | ||||
| Carson City | ||||
| Hospital Refunding RB (Carson Tahoe Regional Healthcare) Series 2017 | 5.00% | 09/01/25 | 600,000 | 691,335 |
| Hospital Refunding RB (Carson Tahoe Regional Healthcare) Series 2017 | 5.00% | 09/01/27 | 605,000 | 734,426 |
| 1,425,761 | ||||
| NEW HAMPSHIRE 0.0% | ||||
| New Hampshire HFA | ||||
| S/F Mortgage Acquisition RB Series 2011E | 4.50% | 01/01/28 (a) | 5,000 | 5,015 |
| NEW JERSEY 3.2% | ||||
| Atlantic City | ||||
| Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/24 | 200,000 | 219,351 |
| Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/25 | 300,000 | 340,827 |
| Tax Appeal Refunding Bonds Series 2017A | 5.00% | 03/01/27 | 250,000 | 301,145 |
| Flemington-Raritan Regional SD | ||||
| GO Refunding Bonds Series 2014 | 4.00% | 06/15/22 | 635,000 | 648,130 |
| New Jersey Economic Development Auth | ||||
| School Facilities Construction Bonds Series 2014 UU | 5.00% | 06/15/29 (a) | 1,045,000 | 1,159,065 |
| School Facilities Construction Bonds Series 2018 EEE | 5.00% | 06/15/43 (a) | 2,000,000 | 2,418,203 |
| School Facilities Construction Refunding Bonds Series 2019LLL | 5.00% | 06/15/34 (a) | 750,000 | 938,945 |
| School Facilities Construction Refunding Bonds Series 2019MMM | 5.00% | 06/15/33 (a) | 500,000 | 628,332 |
| New Jersey Educational Facilities Auth | ||||
| RBs (Princeton Univ) Series 2016A | 5.00% | 07/01/25 | 4,555,000 | 5,297,086 |
| New Jersey Housing & Mortgage Finance Agency | ||||
| S/F Housing RB Series 2020E | 3.50% | 04/01/51 (a) | 2,710,000 | 2,961,808 |
| New Jersey Transportation Trust Fund Auth | ||||
| Transportation Program Notes Series 2014 BB-1 | 5.00% | 06/15/33 (a) | 4,500,000 | 5,548,563 |
| Transportation System RB Series 2019AA | 5.00% | 06/15/31 (a) | 1,250,000 | 1,548,006 |
| Transportation System RB Series 2019BB | 5.00% | 06/15/44 (a) | 3,000,000 | 3,620,524 |
| 25,629,985 | ||||
| NEW MEXICO 0.2% | ||||
| New Mexico Mortgage Finance Auth | ||||
| S/F Mortgage RB Series 2018B | 4.00% | 01/01/49 (a) | 1,390,000 | 1,508,642 |
| NEW YORK 14.9% | ||||
| Build NYC Resource Corp | ||||
| RB (YMCA of Greater New York) Series 2015 | 5.00% | 08/01/25 (f) | 250,000 | 290,118 |
| Hempstead Local Development Corp | ||||
| RB (Hofstra Univ) Series 2021A | 5.00% | 07/01/26 | 800,000 | 956,400 |
| RB (Hofstra Univ) Series 2021A | 5.00% | 07/01/27 | 750,000 | 920,117 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| RB (Hofstra Univ) Series 2021A | 5.00% | 07/01/28 | 840,000 | 1,055,598 |
| RB (Hofstra Univ) Series 2021A | 4.00% | 07/01/36 (a) | 340,000 | 413,481 |
| RB (Hofstra Univ) Series 2021A | 4.00% | 07/01/37 (a) | 550,000 | 667,212 |
| RB (Hofstra Univ) Series 2021A | 4.00% | 07/01/38 (a) | 515,000 | 623,516 |
| RB (Hofstra Univ) Series 2021A | 4.00% | 07/01/39 (a) | 575,000 | 694,628 |
| Long Island Power Auth | ||||
| Electric System RB Series 2021A | 5.00% | 09/01/34 (a) | 1,860,000 | 2,468,552 |
| Electric System RB Series 2021B | 1.50% | 09/01/51 (a)(b)(c) | 2,915,000 | 2,989,894 |
| Metropolitan Transportation Auth | ||||
| Transportation RB Series 2015A2 | 5.00% | 11/15/45 (a) | 2,845,000 | 3,624,388 |
| Nassau Cnty Local Economic Assistance Corp | ||||
| RB (Catholic Health Services Long Island) Series 2014 | 5.00% | 07/01/25 (a) | 500,000 | 556,888 |
| RB (Catholic Health Services Long Island) Series 2014 | 5.00% | 07/01/26 (a) | 250,000 | 277,830 |
| New York City | ||||
| GO Bonds Fiscal 2013 Series A3 | 0.03% | 10/01/40 (a)(b)(g)(h) | 1,000,000 | 1,000,000 |
| GO Bonds Fiscal 2013 Series E | 5.00% | 08/01/25 (a) | 3,360,000 | 3,543,225 |
| GO Bonds Fiscal 2014 Series B | 5.00% | 08/01/22 | 1,105,000 | 1,140,651 |
| GO Bonds Fiscal 2014 Series I1 | 5.00% | 03/01/23 (f) | 315,000 | 333,842 |
| GO Bonds Fiscal 2014 Series I1 | 5.00% | 03/01/23 | 805,000 | 853,203 |
| GO Bonds Fiscal 2015 Series F5 | 0.05% | 06/01/44 (a)(b)(g)(h) | 5,550,000 | 5,550,000 |
| GO Bonds Fiscal 2021 Series A-1 | 5.00% | 08/01/32 (a) | 1,500,000 | 1,961,276 |
| GO Bonds Fiscal 2021 Series A-1 | 5.00% | 08/01/33 (a) | 1,500,000 | 1,959,295 |
| GO Bonds Fiscal Series 2018A | 5.00% | 08/01/28 (a) | 3,165,000 | 3,893,016 |
| GO Bonds Fiscal Series 2018E-1 | 5.25% | 03/01/34 (a) | 2,000,000 | 2,506,187 |
| GO Bonds Fiscal Series 2019E | 5.00% | 08/01/32 (a) | 1,000,000 | 1,253,497 |
| New York City Municipal Water Finance Auth | ||||
| Water & Sewer System RB Fiscal 2021 Series DD | 5.00% | 06/15/26 | 3,250,000 | 3,892,955 |
| New York City Transitional Finance Auth | ||||
| Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/35 (a) | 2,000,000 | 2,491,476 |
| Building Aid RB Fiscal 2019 Series S3A | 5.00% | 07/15/36 (a) | 1,450,000 | 1,806,675 |
| Future Tax Secured Sub RB Fiscal 2014 Series B1 | 5.00% | 11/01/23 | 2,200,000 | 2,398,232 |
| Future Tax Secured Sub RB Fiscal 2017 Series E1 | 5.00% | 02/01/30 (a) | 3,000,000 | 3,641,119 |
| New York City Trust for Cultural Resources | ||||
| Refunding RB (Juilliard School) Series 2018A | 5.00% | 01/01/34 (a) | 1,000,000 | 1,256,566 |
| Refunding RB (Juilliard School) Series 2018A | 5.00% | 01/01/37 (a) | 1,750,000 | 2,179,577 |
| Refunding RB (Juilliard School) Series 2018A | 5.00% | 01/01/38 (a) | 1,000,000 | 1,242,855 |
| Refunding RB (Lincoln Ctr for the Performing Arts) Series 2020A | 5.00% | 12/01/32 (a) | 2,000,000 | 2,607,927 |
| Refunding RB (Lincoln Ctr for the Performing Arts) Series 2020A | 4.00% | 12/01/34 (a) | 1,000,000 | 1,203,630 |
| Refunding RB (Lincoln Ctr for the Performing Arts) Series 2020A | 4.00% | 12/01/35 (a) | 1,000,000 | 1,200,168 |
| Refunding RB (Whitney Museum of American Art) Series 2021 | 5.00% | 07/01/31 | 2,500,000 | 3,371,237 |
| New York Health & Hospital Corp | ||||
| Health System RB Series 2020A | 5.00% | 02/15/30 | 2,500,000 | 3,245,916 |
| New York Liberty Development Corp | ||||
| RB (Goldman Sachs Headquarters) Series 2005 | 0.30% | 10/01/35 (a)(b)(g)(i)(j) | 3,750,000 | 3,750,000 |
| New York State Dormitory Auth | ||||
| RB (Catholic Health System) Series 2019A | 5.00% | 07/01/34 (a) | 150,000 | 179,143 |
| RB (Catholic Health System) Series 2019A | 4.00% | 07/01/38 (a) | 925,000 | 1,019,124 |
| RB (Montefiore Health) Series 2018A | 5.00% | 08/01/28 | 1,700,000 | 2,105,931 |
| RB (Rockefeller Univ) Series 2019C | 4.00% | 07/01/49 (a) | 1,000,000 | 1,180,315 |
| State Personal Income Tax RB Series 2019A | 5.00% | 03/15/38 (a) | 3,850,000 | 4,847,226 |
| State Personal Income Tax Refunding RB Series 2012A | 5.00% | 12/15/24 (a) | 1,300,000 | 1,364,272 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| State Sales Tax RB Series 2014A | 5.00% | 03/15/26 (a) | 3,700,000 | 4,090,620 |
| State Sales Tax RB Series 2018 | 5.00% | 03/15/34 (a) | 5,000,000 | 6,217,496 |
| New York State Mortgage Agency | ||||
| Homeowner Mortgage RB Series 226 | 3.50% | 10/01/50 (a) | 3,290,000 | 3,557,494 |
| New York Transportation Development Corp | ||||
| Special Facility RB (JFK Airport) Series 2020A | 5.00% | 12/01/28 | 1,000,000 | 1,231,832 |
| Special Facility RB (JFK Airport) Series 2020A | 5.00% | 12/01/31 (a) | 500,000 | 635,857 |
| Special Facility RB (JFK Airport) Series 2020C | 5.00% | 12/01/33 (a) | 2,500,000 | 3,184,217 |
| Port Auth of New York & New Jersey | ||||
| Consolidated Bonds 221st Series | 5.00% | 07/15/35 (a) | 2,835,000 | 3,622,412 |
| Consolidated Bonds 221st Series | 4.00% | 07/15/36 (a) | 2,000,000 | 2,365,182 |
| Consolidated Bonds 221st Series | 4.00% | 07/15/45 (a) | 3,000,000 | 3,470,553 |
| Sales Tax Asset Receivable Corp | ||||
| RB Fiscal 2015 Series A | 5.00% | 10/15/31 (a)(f) | 5,330,000 | 6,039,582 |
| 118,932,403 | ||||
| NORTH CAROLINA 2.3% | ||||
| Asheville | ||||
| Special Obligation Bonds Series 2021 | 5.00% | 04/01/27 | 700,000 | 857,223 |
| Special Obligation Bonds Series 2021 | 5.00% | 04/01/30 | 600,000 | 787,841 |
| Special Obligation Bonds Series 2021 | 5.00% | 04/01/31 | 375,000 | 503,274 |
| Charlotte | ||||
| Airport RB (Charlotte Douglas Intl) Series 2021B | 5.00% | 07/01/25 | 625,000 | 719,347 |
| Airport RB (Charlotte Douglas Intl) Series 2021B | 4.00% | 07/01/41 (a) | 1,190,000 | 1,415,081 |
| North Carolina Capital Facilities Finance Agency | ||||
| Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/25 | 500,000 | 571,888 |
| Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/26 | 1,735,000 | 2,040,241 |
| Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/30 (a) | 1,000,000 | 1,151,879 |
| Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/31 (a) | 1,305,000 | 1,497,125 |
| Educational Facilities Refunding RB (Meredith College) Series 2018 | 5.00% | 06/01/32 (a) | 1,255,000 | 1,436,508 |
| North Carolina Medical Care Commission | ||||
| Health Care Facilities RB (Presbyterian Homes) Series 2020A | 4.00% | 10/01/27 | 420,000 | 493,008 |
| Health Care Facilities RB (Presbyterian Homes) Series 2020A | 4.00% | 10/01/35 (a) | 450,000 | 518,275 |
| Health Care Facilities RB (Presbyterian Homes) Series 2020A | 5.00% | 10/01/40 (a) | 1,000,000 | 1,210,225 |
| North Carolina Turnpike Auth | ||||
| RB (Triangle Expressway) Series 2019 | 5.00% | 01/01/49 (a) | 500,000 | 625,500 |
| Triangle Expressway Appropriation RB Series 2019 | 0.00% | 01/01/45 (a)(e) | 1,700,000 | 880,666 |
| Raleigh-Durham Airport Auth | ||||
| Refunding RB Series 2020A | 5.00% | 05/01/33 (a) | 1,000,000 | 1,270,895 |
| Winston-Salem | ||||
| Water & Sewer System Refunding RB Series 2020A | 5.00% | 06/01/30 | 2,000,000 | 2,651,023 |
| 18,629,999 | ||||
| NORTH DAKOTA 0.4% | ||||
| West Fargo | ||||
| Refunding Bonds Series 2019B | 4.00% | 05/01/25 | 400,000 | 445,878 |
| Refunding Bonds Series 2019B | 4.00% | 05/01/26 | 465,000 | 530,031 |
| Refunding Bonds Series 2019B | 4.00% | 05/01/27 (a) | 225,000 | 256,263 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Williston | ||||
| Public Safety Sales Tax RB Series 2018A | 5.00% | 07/15/22 | 500,000 | 512,300 |
| Public Safety Sales Tax RB Series 2018A | 4.00% | 07/15/23 (a) | 1,650,000 | 1,683,821 |
| 3,428,293 | ||||
| OHIO 3.3% | ||||
| American Municipal Power Ohio | ||||
| Refunding RB Series 2021A | 5.00% | 02/15/31 | 1,000,000 | 1,322,783 |
| Buckeye Tobacco Settlement Financing Auth | ||||
| Tobacco Settlement Refunding Bonds Series 2020A-2 | 5.00% | 06/01/34 (a) | 5,000,000 | 6,344,432 |
| Butler Cnty | ||||
| Hospital Facilities Refunding RB (UC Health) Series 2017 | 5.00% | 11/15/30 (a) | 800,000 | 970,066 |
| Cleveland | ||||
| Airport System RB Series 2019B | 5.00% | 01/01/26 | 1,045,000 | 1,218,864 |
| Water RB Series 2020FF | 5.00% | 01/01/26 | 1,180,000 | 1,390,367 |
| Water RB Series 2020FF | 5.00% | 01/01/28 | 800,000 | 997,750 |
| Columbus | ||||
| ULT GO Bonds Series 2021A | 5.00% | 04/01/34 (a)(k) | 5,500,000 | 7,270,168 |
| Hamilton Cnty | ||||
| Hospital Facilities RB (UC Health) Series 2014 | 5.00% | 02/01/24 | 55,000 | 60,272 |
| Northeast Ohio Medical Univ | ||||
| General Refunding RB Series 2021A | 5.00% | 12/01/25 | 200,000 | 229,626 |
| General Refunding RB Series 2021A | 4.00% | 12/01/35 (a) | 300,000 | 348,320 |
| General Refunding RB Series 2021A | 3.00% | 12/01/40 (a) | 475,000 | 495,321 |
| General Refunding RB Series 2021A | 4.00% | 12/01/45 (a) | 225,000 | 254,972 |
| Ohio | ||||
| Common Schools GO Bonds Series 2021A | 5.00% | 06/15/25 | 500,000 | 579,026 |
| Common Schools GO Bonds Series 2021A | 5.00% | 06/15/26 | 800,000 | 958,266 |
| Common Schools GO Bonds Series 2021A | 5.00% | 06/15/27 | 650,000 | 800,062 |
| Higher Education GO Bonds Series 2021A | 5.00% | 05/01/25 | 700,000 | 807,247 |
| Higher Education GO Bonds Series 2021A | 5.00% | 05/01/27 | 595,000 | 729,957 |
| Ohio Higher Educational Facility Commission | ||||
| Higher Educational Facility RB (Univ of Dayton) Series 2020 | 5.00% | 02/01/35 (a) | 700,000 | 887,718 |
| Higher Educational Facility RB (Univ of Dayton) Series 2020 | 4.00% | 02/01/36 (a) | 555,000 | 655,050 |
| 26,320,267 | ||||
| OKLAHOMA 1.3% | ||||
| Norman Regional Hospital Auth | ||||
| Hospital RB Series 2019 | 5.00% | 09/01/45 (a) | 1,050,000 | 1,290,323 |
| Oklahoma City Zoological Trust | ||||
| Sales Tax RB Series 2021 | 4.00% | 06/01/29 | 1,340,000 | 1,623,967 |
| Oklahoma Development Finance Auth | ||||
| Lease RB Series 2014A | 4.00% | 06/01/27 (a) | 29,000 | 31,447 |
| Limited Obligation RB (Gilcrease Expressway West) Series 2020 | 1.63% | 07/06/23 (a) | 4,500,000 | 4,526,946 |
| Tulsa Cnty Industrial Auth | ||||
| Educational Facilities Lease RB (Tulsa Cnty ISD #11) Series 2018 | 5.00% | 09/01/23 | 1,000,000 | 1,080,192 |
| Educational Facilities Lease RB Series 2021A | 4.00% | 09/01/31 (d) | 1,250,000 | 1,550,854 |
| 10,103,729 | ||||
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| OREGON 3.3% | ||||
| Beaverton SD #48J | ||||
| GO Bonds Series 2017D | 5.00% | 06/15/36 (a)(g) | 2,920,000 | 3,545,360 |
| Forest Grove | ||||
| Campus Refunding & RB (Pacific Univ) Series 2014A | 5.25% | 05/01/34 (a) | 1,075,000 | 1,096,797 |
| Campus Refunding & RB (Pacific Univ) Series 2015A | 5.00% | 05/01/24 | 250,000 | 274,487 |
| Campus Refunding & RB (Pacific Univ) Series 2015A | 5.00% | 05/01/25 | 145,000 | 164,205 |
| Gresham-Barlow SD #10Jt | ||||
| GO Bonds Series 2019 | 0.00% | 06/15/34 (a)(e)(g) | 300,000 | 224,311 |
| GO Bonds Series 2019 | 0.00% | 06/15/35 (a)(e)(g) | 265,000 | 190,325 |
| GO Bonds Series 2019 | 0.00% | 06/15/36 (a)(e)(g) | 420,000 | 289,348 |
| GO Bonds Series 2019 | 0.00% | 06/15/37 (a)(e)(g) | 500,000 | 330,035 |
| Hermiston SD #8R | ||||
| Refunding GO Bonds Series 2020A | 0.00% | 06/15/28 (e)(g) | 1,700,000 | 1,574,099 |
| Refunding GO Bonds Series 2020A | 0.00% | 06/15/35 (a)(e)(g) | 1,400,000 | 1,040,512 |
| Medford Hospital Facilities Auth | ||||
| Hospital Facilities RB (Asante) Series 2020A | 4.00% | 08/15/39 (a) | 1,000,000 | 1,186,741 |
| Morrow & Gilliam County SD | ||||
| GO Bonds Series 2021A | 4.00% | 06/15/27 (g) | 205,000 | 239,166 |
| GO Bonds Series 2021A | 4.00% | 06/15/29 (g) | 150,000 | 181,045 |
| Oregon Business Development Commission | ||||
| Recovery Zone Facility Bonds (Intel Corp) Series 232 | 2.40% | 12/01/40 (a)(b)(c) | 3,000,000 | 3,096,082 |
| Port Morrow | ||||
| GO Obligations Series 2016 | 5.00% | 12/01/30 (a)(f) | 330,000 | 353,280 |
| GO Obligations Series 2016 | 5.00% | 12/01/31 (a)(f) | 375,000 | 401,455 |
| GO Obligations Series 2016 | 5.00% | 12/01/36 (a)(f) | 1,155,000 | 1,236,480 |
| Port of Portland | ||||
| Airport Refunding RB Series 26C | 5.00% | 07/01/22 | 1,100,000 | 1,129,226 |
| Salem Hospital Facility Auth | ||||
| RB (Salem Health) Series 2019A | 5.00% | 05/15/26 | 2,180,000 | 2,589,653 |
| Seaside | ||||
| Transient Lodging Tax RB Series 2018 | 5.00% | 12/15/37 (a) | 1,875,000 | 2,289,608 |
| St. Helens SD #502 | ||||
| GO Bonds Series 2020B | 0.00% | 06/15/45 (a)(b)(g)(l) | 1,665,000 | 2,052,782 |
| Umatilla SD #6R | ||||
| GO Bonds Series 2017 | 0.00% | 06/15/29 (a)(b)(g)(l) | 340,000 | 382,655 |
| GO Bonds Series 2017 | 0.00% | 06/15/30 (a)(b)(g)(l) | 300,000 | 336,918 |
| GO Bonds Series 2017 | 0.00% | 06/15/31 (a)(b)(g)(l) | 300,000 | 335,905 |
| GO Bonds Series 2017 | 0.00% | 06/15/32 (a)(b)(g)(l) | 350,000 | 391,182 |
| GO Bonds Series 2017 | 0.00% | 06/15/33 (a)(b)(g)(l) | 520,000 | 580,445 |
| GO Bonds Series 2017 | 0.00% | 06/15/34 (a)(b)(g)(l) | 350,000 | 390,158 |
| GO Bonds Series 2017 | 0.00% | 06/15/35 (a)(b)(g)(l) | 410,000 | 456,504 |
| West Linn-Wilsonville SD #3Jt | ||||
| GO Bonds Series 2020A | 0.00% | 06/15/40 (a)(e)(g) | 640,000 | 398,590 |
| 26,757,354 | ||||
| PENNSYLVANIA 1.1% | ||||
| Beaver Cnty | ||||
| GO Bonds Series 2017 | 4.00% | 04/15/28 (f)(g) | 510,000 | 608,825 |
| GO Bonds Series 2017 | 4.00% | 04/15/28 | 1,625,000 | 1,897,371 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Delaware Cnty Auth | ||||
| RB (Cabrini Univ) Series 2017 | 5.00% | 07/01/24 | 220,000 | 235,635 |
| RB (Cabrini Univ) Series 2017 | 5.00% | 07/01/27 | 415,000 | 468,216 |
| RB (Cabrini Univ) Series 2017 | 5.00% | 07/01/31 (a) | 515,000 | 572,355 |
| Lancaster Cnty Hospital Auth | ||||
| RB Series 2021 | 5.00% | 11/01/51 (a) | 1,000,000 | 1,233,130 |
| Philadelphia | ||||
| GO Refunding Bonds Series 2019A | 5.00% | 08/01/25 | 745,000 | 864,432 |
| GO Refunding Bonds Series 2019A | 5.00% | 08/01/26 | 1,000,000 | 1,196,991 |
| GO Refunding Bonds Series 2019A | 5.00% | 08/01/27 | 500,000 | 614,110 |
| GO Refunding Bonds Series 2019A | 5.00% | 08/01/28 | 300,000 | 375,555 |
| GO Refunding Bonds Series 2019A | 5.00% | 08/01/29 | 245,000 | 313,355 |
| GO Refunding Bonds Series 2019A | 5.00% | 08/01/30 | 285,000 | 371,736 |
| GO Refunding Bonds Series 2019A | 5.00% | 08/01/31 | 300,000 | 397,872 |
| 9,149,583 | ||||
| RHODE ISLAND 0.0% | ||||
| Rhode Island Housing & Mortgage Finance Corp | ||||
| Homeownership Opportunity RB Series 67B | 3.50% | 10/01/46 (a) | 285,000 | 291,775 |
| SOUTH CAROLINA 1.3% | ||||
| Kershaw Cnty Public Schools Foundation | ||||
| Installment Purchase Refunding RB Series 2015 | 5.00% | 12/01/22 | 800,000 | 836,948 |
| South Carolina Educational Facilities Auth | ||||
| Educational Facilities RB (Wofford College) Series 2007B | 2.38% | 04/01/27 (a)(b)(c) | 1,515,000 | 1,524,175 |
| South Carolina Public Service Auth | ||||
| Revenue & Refunding Bonds Series 2020A | 4.00% | 12/01/37 (a) | 1,750,000 | 2,079,252 |
| Revenue & Refunding Bonds Series 2020A | 4.00% | 12/01/39 (a) | 4,000,000 | 4,730,171 |
| Univ of South Carolina | ||||
| Higher Education RB Series 2015 | 5.00% | 05/01/24 | 1,000,000 | 1,111,436 |
| 10,281,982 | ||||
| SOUTH DAKOTA 0.1% | ||||
| Sioux Falls SD #49-5 | ||||
| LT Capital Outlay Refunding Certificates Series 2017A | 3.00% | 08/01/28 (a) | 200,000 | 221,580 |
| LT Capital Outlay Refunding Certificates Series 2017B | 3.00% | 08/01/28 (a) | 425,000 | 470,859 |
| LT Capital Outlay Refunding Certificates Series 2017C | 5.00% | 08/01/22 | 150,000 | 154,737 |
| 847,176 | ||||
| TENNESSEE 0.9% | ||||
| Chattanooga-Hamilton Cnty Hospital Auth | ||||
| Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/23 | 450,000 | 486,868 |
| Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/24 | 600,000 | 674,267 |
| Hospital Refunding & RB (Erlanger Health) Series 2014A | 5.00% | 10/01/25 (a) | 950,000 | 1,066,193 |
| Tennessee Housing Development Agency | ||||
| Residential RB Series 2020-4 | 3.00% | 01/01/51 (a) | 4,880,000 | 5,232,766 |
| 7,460,094 | ||||
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| TEXAS 13.5% | ||||
| Alamo Heights ISD | ||||
| ULT Refunding GO Bonds Series 2020a | 5.00% | 02/01/25 (g) | 1,265,000 | 1,449,518 |
| ULT Refunding GO Bonds Series 2020A | 5.00% | 02/01/26 (g) | 530,000 | 628,331 |
| ULT Refunding GO Bonds Series 2020A | 5.00% | 02/01/27 (g) | 425,000 | 519,492 |
| ULT Refunding RB Series 2020A | 5.00% | 02/01/24 (g) | 1,260,000 | 1,388,546 |
| ULT Refunding RB Series 2020A | 5.00% | 02/01/28 (g) | 325,000 | 408,219 |
| Arlington Higher Education Finance Corp | ||||
| Education RB (Uplift Education) Series 2018A | 5.00% | 12/01/28 (a)(g) | 200,000 | 235,572 |
| Atlanta ISD | ||||
| ULT Refunding GO Bonds Series 2020 | 4.00% | 08/15/26 (g) | 310,000 | 358,738 |
| ULT Refunding GO Bonds Series 2020 | 4.00% | 08/15/27 (g) | 325,000 | 383,304 |
| ULT Refunding GO Series 2020 | 4.00% | 08/15/25 (g) | 150,000 | 169,017 |
| Brady ISD | ||||
| ULT GO Refunding Bonds Series 2015 | 5.00% | 08/15/24 (g) | 170,000 | 190,689 |
| Central Texas Regional Mobility Auth | ||||
| Sr Lien RB Series 2015A | 5.00% | 01/01/27 (a) | 1,100,000 | 1,263,679 |
| Sr Lien RB Series 2015A | 5.00% | 01/01/30 (a)(f) | 1,520,000 | 1,761,156 |
| Sr Lien RB Series 2021B | 5.00% | 01/01/29 | 850,000 | 1,071,449 |
| Sr Lien RB Series 2021B | 5.00% | 01/01/31 | 500,000 | 655,152 |
| Clear Creek ISD | ||||
| ULT GO Bonds Series 2013B | 0.28% | 02/15/38 (a)(b)(c)(g) | 4,000,000 | 3,981,371 |
| Corpus Christi | ||||
| Utility System Jr Lien Refunding & RB Series 2020A | 5.00% | 07/15/27 | 300,000 | 369,526 |
| Utility System Jr Lien Refunding & RB Series 2020A | 5.00% | 07/15/28 | 565,000 | 713,568 |
| Utility System Jr Lien Refunding & RB Series 2020A | 5.00% | 07/15/29 | 1,000,000 | 1,290,486 |
| Dallas | ||||
| Refunding RB Series 2021 | 4.00% | 08/15/32 (a) | 1,000,000 | 1,128,347 |
| Refunding RB Series 2021 | 4.00% | 08/15/33 (a) | 1,000,000 | 1,127,192 |
| Dallas-Fort Worth International Airport | ||||
| Airport RB Series 2013B | 5.00% | 11/01/38 (a) | 2,300,000 | 2,397,034 |
| Jt Refunding RB Series 2020A | 5.00% | 11/01/29 | 2,500,000 | 3,215,389 |
| Jt Refunding RB Series 2020A | 4.00% | 11/01/34 (a) | 1,000,000 | 1,212,268 |
| Refunding RB Series 2021B | 4.00% | 11/01/45 (a) | 5,000,000 | 5,884,613 |
| Denton ISD | ||||
| ULT GO Series 2014B | 2.00% | 08/01/44 (a)(b)(c)(g) | 2,000,000 | 2,081,439 |
| Donna ISD | ||||
| ULT Refunding Bonds Series 2019 | 5.00% | 02/15/27 (g) | 775,000 | 946,551 |
| ULT Refunding Bonds Series 2019 | 5.00% | 02/15/28 (g) | 425,000 | 533,193 |
| ULT Refunding Bonds Series 2019 | 5.00% | 02/15/29 (g) | 575,000 | 739,466 |
| Falls City ISD | ||||
| ULT GO Bonds Series 2014 | 5.00% | 08/15/30 (a)(g) | 930,000 | 933,687 |
| Forney ISD | ||||
| ULT GO Refunding Bonds Series 2015 | 5.00% | 08/15/32 (a)(g) | 400,000 | 462,167 |
| Fort Bend ISD | ||||
| ULT GO Refunding Bonds Series 2020B | 0.88% | 08/01/50 (a)(b)(c)(g) | 2,385,000 | 2,421,611 |
| Godley ISD | ||||
| ULT GO Refunding Bonds Series 2021 | 5.00% | 02/15/30 (g) | 240,000 | 312,262 |
| Harris Cnty Cultural Education Facilities Finance Corp | ||||
| Hospital RB (Texas Childrens Hospital) Series 2021C | 0.04% | 10/01/41 (a)(b)(g)(h) | 3,500,000 | 3,500,000 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Houston Airport System | ||||
| Sub Lien Refunding RB Series 2021A | 4.00% | 07/01/46 (a) | 2,500,000 | 2,925,253 |
| Katy ISD | ||||
| ULT GO Bonds Series 2021C | 1.50% | 08/15/50 (a)(b)(c)(g)(k) | 12,000,000 | 12,343,471 |
| Lewisville ISD | ||||
| ULT Refunding GO Bonds Series 2020 | 5.00% | 08/15/23 (g) | 2,500,000 | 2,700,049 |
| North Fort Bend Water Auth | ||||
| Water System Refunding RB Series 2021 | 5.00% | 12/15/31 | 1,670,000 | 2,244,490 |
| North Texas Tollway Auth | ||||
| System 2nd Tier Refunding RB Series 2021B | 4.00% | 01/01/34 (a) | 1,000,000 | 1,214,491 |
| System 2nd Tier Refunding RB Series 2021B | 4.00% | 01/01/35 (a) | 1,000,000 | 1,211,833 |
| System 2nd Tier Refunding RB Series 2021B | 4.00% | 01/01/36 (a) | 1,000,000 | 1,207,501 |
| System 2nd Tier Refunding RB Series 2021B | 4.00% | 01/01/37 (a) | 1,100,000 | 1,324,081 |
| Northside ISD | ||||
| ULT GO Refunding Bonds Series 2020 | 0.70% | 06/01/50 (a)(b)(c)(g) | 5,000,000 | 5,008,441 |
| ULT GO Series 2019 | 1.60% | 08/01/49 (a)(b)(c)(g) | 2,960,000 | 3,042,852 |
| Pearland | ||||
| GO Refunding Bonds Series 2015 | 5.00% | 03/01/24 | 1,650,000 | 1,817,455 |
| San Antonio | ||||
| Water System Jr Lien RB Series 2019A | 2.63% | 05/01/49 (a)(c) | 5,000,000 | 5,279,480 |
| San Marcos Consolidated ISD | ||||
| ULT GO Refunding Bonds Series 2021A | 3.00% | 08/01/27 (g) | 5,185,000 | 5,823,809 |
| Seguin ISD | ||||
| ULT GO Refunding Bonds Series 2016 | 5.00% | 08/15/28 (a)(g) | 445,000 | 515,577 |
| Southwest ISD | ||||
| ULT GO Refunding Bonds Series 2021 | 0.00% | 02/01/41 (a)(e)(g) | 2,500,000 | 1,596,107 |
| ULT GO Refunding Bonds Series 2021 | 0.00% | 02/01/42 (a)(e)(g) | 2,250,000 | 1,393,181 |
| Spring Branch ISD | ||||
| ULT GO Bonds Series 2019 | 5.00% | 02/01/28 (g) | 620,000 | 772,828 |
| Spring ISD | ||||
| ULT Refunding GO Bonds Series 2020 | 5.00% | 08/15/22 (g) | 750,000 | 775,328 |
| ULT Refunding GO Bonds Series 2020 | 5.00% | 08/15/23 (g) | 625,000 | 674,901 |
| ULT Refunding GO Bonds Series 2020 | 5.00% | 08/15/24 (g) | 1,000,000 | 1,123,715 |
| ULT Refunding GO Bonds Series 2020 | 5.00% | 08/15/25 (g) | 1,000,000 | 1,163,393 |
| ULT Refunding GO Bonds Series 2020 | 5.00% | 08/15/26 (g) | 1,000,000 | 1,199,398 |
| Texas Dept of Housing & Community Affairs | ||||
| Residential Mortgage RB Series 2019A | 4.75% | 01/01/49 (a) | 1,710,000 | 1,885,898 |
| S/F Mortgage RB Series 2018A | 4.75% | 03/01/49 (a) | 1,105,000 | 1,217,701 |
| Texas Municipal Gas Corp III | ||||
| Gas Supply Refunding RB Series 2021 | 5.00% | 12/15/31 | 1,000,000 | 1,298,204 |
| Gas Supply Refunding RB Series 2021 | 5.00% | 12/15/32 | 1,250,000 | 1,649,540 |
| Texas State Affordable Housing Corp | ||||
| S/F Mortgage RB Series 2019A | 4.25% | 03/01/49 (a) | 985,000 | 1,078,294 |
| Texas Transportation Corp | ||||
| Sr Lien Refunding RB (LBJ Infrastructure) Series 2020A | 4.00% | 12/31/30 | 500,000 | 605,915 |
| Texas Water Dev Brd | ||||
| State Revolving Fund RB Series 2020 | 5.00% | 08/01/23 | 500,000 | 539,395 |
| State Revolving Fund RB Series 2020 | 5.00% | 08/01/24 | 750,000 | 842,170 |
| 108,207,783 | ||||
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| UTAH 0.1% | ||||
| Utah Board of Regents | ||||
| Student Building Fee RB Series 2018 | 5.00% | 03/01/27 (a) | 360,000 | 410,864 |
| Student Building Fee RB Series 2018 | 5.00% | 03/01/28 (a) | 425,000 | 484,604 |
| 895,468 | ||||
| VERMONT 0.8% | ||||
| Vermont HFA | ||||
| Multiple Purpose Bonds Series 2017D | 4.00% | 05/01/48 (a) | 665,000 | 706,846 |
| Multiple Purpose Bonds Series 2018A | 4.00% | 11/01/48 (a) | 3,260,000 | 3,508,713 |
| Multiple Purpose Bonds Series 2018C | 4.75% | 11/01/48 (a) | 1,637,000 | 1,792,085 |
| 6,007,644 | ||||
| VIRGINIA 1.7% | ||||
| Chesapeake Bay Bridge & Tunnel District | ||||
| BAN 2019 | 5.00% | 11/01/23 | 4,250,000 | 4,616,698 |
| Fairfax Cnty | ||||
| GO Bonds Series 2020A | 5.00% | 10/01/33 (a) | 5,000,000 | 6,556,444 |
| Lynchburg Economic Development Auth | ||||
| Hospital Refunding RB (Central Health Obligated Group) Series 2021 | 4.00% | 01/01/41 (a) | 600,000 | 717,662 |
| Refunding RB Bonds Series 2021 | 4.00% | 01/01/38 (a) | 1,100,000 | 1,324,770 |
| Richmond Metropolitan Auth | ||||
| Expressway Refunding & RB Series 1998 | 5.25% | 07/15/22 (f) | 305,000 | 314,478 |
| 13,530,052 | ||||
| WASHINGTON 3.9% | ||||
| Energy Northwest | ||||
| Electric Refunding RBs Series 2020A | 5.00% | 07/01/27 | 1,000,000 | 1,231,118 |
| Electric Refunding RBs Series 2020A | 5.00% | 07/01/28 | 3,585,000 | 4,528,629 |
| King Cnty Public Hospital District #2 | ||||
| LT GO Refunding Bonds (EvergreenHealth) Series 2015 | 5.00% | 12/01/22 | 1,755,000 | 1,838,949 |
| LT GO Refunding Bonds (EvergreenHealth) Series 2015 | 5.00% | 12/01/24 | 690,000 | 784,509 |
| Lake Washington SD #414 | ||||
| ULT Refunding GO Bonds Series 2020 | 4.00% | 12/01/28 (g) | 10,000,000 | 12,106,907 |
| Moses Lake SD #161 | ||||
| ULT GO Bonds Series 2018 | 5.00% | 12/01/33 (a)(g) | 1,000,000 | 1,244,202 |
| ULT GO Bonds Series 2018 | 5.00% | 12/01/34 (a)(g) | 1,000,000 | 1,242,141 |
| ULT GO Bonds Series 2018 | 5.00% | 12/01/35 (a)(g) | 1,250,000 | 1,551,146 |
| Ocosta SD #172 | ||||
| ULT GO Bonds 2013 | 5.00% | 12/01/23 (g) | 340,000 | 371,265 |
| Port of Bellingham | ||||
| Refunding RB 2019 | 5.00% | 12/01/27 | 500,000 | 619,254 |
| Refunding RB 2019 | 5.00% | 12/01/28 | 460,000 | 581,288 |
| Refunding RB 2019 | 5.00% | 12/01/29 (a) | 500,000 | 635,099 |
| Refunding RB 2019 | 5.00% | 12/01/30 (a) | 625,000 | 790,057 |
| Tukwila SD #406 | ||||
| ULT GO Series 2018 | 5.00% | 12/01/37 (a)(g) | 2,830,000 | 3,501,709 |
| 31,026,273 | ||||
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| WEST VIRGINIA 0.2% | ||||
| West Virginia Hospital Finance Auth | ||||
| Hospital Refunding RB (Cabell Huntington Hospital) Series 2018A | 5.00% | 01/01/36 (a) | 1,400,000 | 1,711,947 |
| WISCONSIN 1.9% | ||||
| Wisconsin Center District | ||||
| Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/30 (e) | 410,000 | 343,920 |
| Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/31 (a)(e) | 640,000 | 517,595 |
| Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/32 (a)(e) | 1,250,000 | 973,768 |
| Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/33 (a)(e) | 2,000,000 | 1,498,713 |
| Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/34 (a)(e) | 1,820,000 | 1,316,541 |
| Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/35 (a)(e) | 2,900,000 | 2,022,693 |
| Jr Dedicated Tax RB Series 2020D | 0.00% | 12/15/36 (a)(e) | 3,000,000 | 2,008,030 |
| Wisconsin Health & Educational Facilities Auth | ||||
| RB (Advocate Aurora Health) Series 2018C4 (SIFMA Municipal Swap Index + 0.65%) | 0.70% | 08/15/54 (a)(b) | 1,700,000 | 1,714,929 |
| RB (Franciscan Sisters of Christian Charity) Series 2017A | 5.00% | 09/01/31 (a)(f) | 1,000,000 | 1,227,042 |
| RB (Franciscan Sisters of Christian Charity) Series 2017A | 5.00% | 09/01/32 (a)(f) | 1,025,000 | 1,257,719 |
| RB (Thedacare) Series 2015 | 5.00% | 12/15/21 | 200,000 | 200,345 |
| RB (Thedacare) Series 2015 | 5.00% | 12/15/22 | 1,045,000 | 1,096,104 |
| RB (UnityPoint Health) Series 2014A | 5.00% | 12/01/24 (a) | 1,000,000 | 1,131,842 |
| 15,309,241 | ||||
| WYOMING 0.6% | ||||
| Laramie Cnty | ||||
| Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 4.00% | 05/01/28 | 440,000 | 517,381 |
| Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 4.00% | 05/01/34 (a) | 495,000 | 599,015 |
| Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 4.00% | 05/01/36 (a) | 400,000 | 481,945 |
| Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 4.00% | 05/01/38 (a) | 400,000 | 479,836 |
| Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 3.00% | 05/01/42 (a) | 1,000,000 | 1,064,061 |
| Sublette Cnty | ||||
| Pollution Control Refunding RB (Exxon Mobil) Series 2014 | 0.05% | 10/01/44 (a)(b)(h) | 1,650,000 | 1,650,000 |
| 4,792,238 | ||||
| Total Municipal Securities (Cost $757,525,912) | 794,906,197 | |||
| Total Investments (Cost $757,525,912) | 794,906,197 | |||
| (a) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
| (b) | Variable rate security; rate shown is effective rate at period end. |
| (c) | Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term. |
| (d) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
| (e) | Zero coupon bond. |
| (f) | Refunded bond. |
| (g) | Credit-enhanced or liquidity-enhanced. |
| (h) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index |
| (i) | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registrations, normally to qualified institutional buyers. At the period end, the value of these amounted to $3,750,000 or 0.5% of net assets. |
| (j) | TOB is a synthetically created VRDN where the owner of a long-term bond places the bond in a trust in combination with a liquidity facility. The trust then sells certificates which mirror the VRDN sold directly by a municipal issuer. VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index. |
| (k) | All or a portion of this security is designated as collateral for delayed-delivery securities. |
| (l) | Step up bond that pays an initial coupon rate for a set period and increased coupon rates at one or more preset intervals. Rate shown is as of period end. |
| BAN — | Bond anticipation note |
| COP — | Certificate of participation |
| GO — | General obligation |
| HFA — | Housing finance agency/authority |
| HSD — | High school district |
| IDA — | Industrial development agency/authority |
| ISD — | Independent school district |
| LT — | Limited tax |
| RB — | Revenue bond |
| S/F — | Single-family |
| SD — | School district |
| SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
| ULT — | Unlimited tax |
| USD — | Unified school district |
| VRDN — | Variable rate demand note |
| DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
| Assets | ||||
| Municipal Securities1 | $— | $794,906,197 | $— | $794,906,197 |
| Total | $— | $794,906,197 | $— | $794,906,197 |
| 1 | As categorized in the Portfolio Holdings. |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| MUNICIPAL SECURITIES 100.3% OF NET ASSETS | ||||
| CALIFORNIA 99.6% | ||||
| Alameda City USD | ||||
| GO Bonds Series C | 4.00% | 08/01/28 (a) | 400,000 | 473,574 |
| GO Bonds Series C | 4.00% | 08/01/30 (a) | 400,000 | 468,371 |
| GO Bonds Series C | 4.00% | 08/01/32 (a) | 250,000 | 290,529 |
| Alameda Corridor Transportation Auth | ||||
| Sr Lien Refunding RB Series 2013A | 5.00% | 10/01/28 (a) | 2,060,000 | 2,229,168 |
| American Canyon Finance Auth | ||||
| Refunding RB Series 2015 | 5.00% | 09/02/22 | 345,000 | 357,585 |
| Refunding RB Series 2015 | 5.00% | 09/02/23 | 575,000 | 621,811 |
| Refunding RB Series 2015 | 5.00% | 09/02/25 | 690,000 | 803,713 |
| Banning Financing Auth | ||||
| Electric System Refunding RB Series 2015 | 5.00% | 06/01/27 (a) | 650,000 | 744,179 |
| Bay Area Toll Auth | ||||
| Toll Bridge RB Series 2006C1 (SIFMA Municipal Swap Index + 0.90%) | 0.95% | 04/01/45 (a)(b) | 5,000,000 | 5,033,430 |
| Toll Bridge RB Series 2017H | 2.13% | 04/01/53 (a)(b)(c) | 3,000,000 | 3,129,571 |
| Toll Bridge RB Series 2018A | 2.63% | 04/01/45 (a)(b)(c) | 3,000,000 | 3,204,592 |
| Beverly Hills USD | ||||
| GO Bonds Series 2009 | 0.00% | 08/01/26 (d) | 555,000 | 535,474 |
| GO Bonds Series 2017 | 0.00% | 08/01/34 (a)(d) | 7,705,000 | 5,332,539 |
| California | ||||
| GO Bonds | 5.00% | 09/01/25 (a) | 1,815,000 | 1,961,879 |
| GO Bonds | 5.00% | 09/01/42 (a) | 1,500,000 | 1,552,555 |
| GO Bonds Series 2010 | 4.00% | 11/01/34 (a) | 1,000,000 | 1,230,098 |
| GO Bonds Series CQ | 4.00% | 12/01/47 (a) | 3,280,000 | 3,537,839 |
| GO Refunding Bonds | 5.00% | 12/01/26 | 5,000,000 | 6,065,756 |
| GO Refunding Bonds | 5.00% | 08/01/27 | 2,730,000 | 3,373,463 |
| GO Refunding Bonds Series 2016 | 5.00% | 09/01/29 (a) | 1,290,000 | 1,551,969 |
| GO Refunding Bonds Series 2017 | 5.00% | 08/01/32 (a) | 2,000,000 | 2,399,075 |
| California Cnty Tobacco Securitization Agency | ||||
| Tobacco Settlement (Gold Country) Sr Refunding Bonds Series 2020A | 4.00% | 06/01/37 (a) | 1,095,000 | 1,319,211 |
| Tobacco Settlement (Gold Country) Sub Refunding Bonds Series 2020B1 | 1.10% | 06/01/30 | 10,000 | 10,027 |
| Tobacco Settlement (Gold Country) Sub Refunding Bonds Series 2020B1 | 4.00% | 06/01/49 (a) | 325,000 | 368,542 |
| Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/36 (a) | 1,510,000 | 1,808,480 |
| Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/37 (a) | 310,000 | 370,171 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Tobacco Settlement (Los Angeles Cnty Securitization) RB Series 2020A | 4.00% | 06/01/38 (a) | 340,000 | 405,000 |
| Tobacco Settlement (Los Angeles Cnty Securitization) Series 2020B-1 | 1.75% | 06/01/30 | 40,000 | 40,214 |
| Tobacco Settlement (Los Angeles Cnty Securitization) Sr RB Series 2020A | 4.00% | 06/01/49 (a) | 1,530,000 | 1,779,064 |
| Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/24 | 210,000 | 233,782 |
| Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/25 | 175,000 | 202,039 |
| Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/26 | 225,000 | 268,231 |
| Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/27 | 250,000 | 306,525 |
| Tobacco Settlement Sr RB (Sonoma Cnty Securitization Corp) Series 2020A | 5.00% | 06/01/28 | 150,000 | 188,588 |
| Tobacco Settlement Sub RB (Sonoma Cnty Securitization Corp) Series 2020B1 | 1.38% | 06/01/30 | 20,000 | 20,100 |
| California Community Choice Finance Auth | ||||
| Clean Energy RB Series 2021A | 4.00% | 10/01/52 (a)(b)(c) | 1,000,000 | 1,157,130 |
| RB Series 2021B1 | 4.00% | 02/01/52 (a)(b)(c)(e) | 5,000,000 | 6,059,526 |
| California Educational Facilities Auth | ||||
| RB (Art Center College of Design) Series 2018A | 5.00% | 12/01/35 (a) | 1,250,000 | 1,534,724 |
| RB (Art Center College of Design) Series 2018A | 5.00% | 12/01/44 (a) | 900,000 | 1,087,547 |
| California Health Facilities Financing Auth | ||||
| Insured RB (Northern CA Presbyterian Home & Services) Series 2015 | 5.00% | 07/01/23 (e) | 175,000 | 187,718 |
| RB (Adventist Health System) Series 2011A | 3.00% | 03/01/41 (a)(b)(c) | 2,685,000 | 2,792,047 |
| RB (Childrens Hospital of Orange Cnty) Series 2019A | 4.00% | 11/01/29 | 500,000 | 616,039 |
| RB (Childrens Hospital of Orange Cnty) Series 2019A | 5.00% | 11/01/30 (a) | 500,000 | 653,291 |
| RB (Childrens Hospital of Orange Cnty) Series 2019A | 5.00% | 11/01/31 (a) | 965,000 | 1,257,750 |
| RB (CommonSpirit Health) Series 2020A | 4.00% | 04/01/36 (a) | 2,500,000 | 2,995,858 |
| RB (On Lok Sr Health Services) Series 2020 | 5.00% | 08/01/40 (a) | 650,000 | 809,845 |
| RB (On Lok Sr Health Services) Series 2020 | 5.00% | 08/01/50 (a) | 1,000,000 | 1,225,938 |
| RB (Providence St Joseph Health) Series 2019B | 5.00% | 10/01/39 (a)(b)(c) | 3,400,000 | 4,211,019 |
| RB (Providence St Joseph Health) Series 2019C | 5.00% | 10/01/39 (a)(b)(c) | 5,000,000 | 5,854,037 |
| RB Series 2021A | 4.00% | 08/15/48 (a)(f) | 1,500,000 | 1,780,376 |
| Refunding RB (Marshall Medical Center) Series 2015 | 5.00% | 11/01/22 (e) | 275,000 | 287,017 |
| Refunding RB (Marshall Medical Center) Series 2015 | 5.00% | 11/01/25 (a)(e) | 200,000 | 224,987 |
| Refunding RB (Marshall Medical Center) Series 2015 | 5.00% | 11/01/28 (a)(e) | 800,000 | 896,844 |
| Refunding RB (St. Joseph Health) Series 2009C | 5.00% | 07/01/34 (a)(b)(c) | 1,200,000 | 1,250,606 |
| California Infrastructure & Economic Development Bank | ||||
| Lease RB (California State Retirement System) Series 2019 | 5.00% | 08/01/49 (a) | 900,000 | 1,114,969 |
| RB (Academy of Motion Picture Arts & Sciences) Series 2015A | 5.00% | 11/01/24 (a) | 1,635,000 | 1,780,345 |
| RB Series 2021B | 4.00% | 11/01/35 (a) | 345,000 | 415,689 |
| RB Series 2021B | 4.00% | 11/01/36 (a) | 360,000 | 432,255 |
| RB Series 2021B | 4.00% | 11/01/37 (a) | 550,000 | 658,712 |
| RB Series 2021B | 4.00% | 11/01/38 (a) | 600,000 | 717,735 |
| RB Series 2021B | 4.00% | 11/01/39 (a) | 630,000 | 751,291 |
| RB Series 2021B | 4.00% | 11/01/40 (a) | 650,000 | 773,007 |
| RB Series 2021B | 4.00% | 11/01/41 (a) | 410,000 | 487,149 |
| Refunding RB (Cal ISO Corp) Series 2013 | 5.00% | 02/01/30 (a)(g) | 4,130,000 | 4,361,805 |
| Refunding RB (Los Angeles Cnty Museum of Natural History) Series 2020 | 4.00% | 07/01/50 (a) | 2,375,000 | 2,745,762 |
| Refunding RB (Los Angeles Cnty Museum) Series 2021A | 1.20% | 12/01/50 (a) | 3,000,000 | 3,030,216 |
| Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 4.00% | 12/01/36 (a) | 430,000 | 516,068 |
| Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 4.00% | 12/01/37 (a) | 475,000 | 568,740 |
| Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 5.00% | 12/01/39 (a) | 1,000,000 | 1,291,223 |
| Refunding RB (Performing Arts Center of Los Angeles Cnty) Series 2020 | 5.00% | 12/01/41 (a) | 995,000 | 1,278,617 |
| Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/29 (a) | 250,000 | 290,724 |
| Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/30 (a) | 330,000 | 383,252 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Refunding RB (Walt Disney Family Museum) Series 2016 | 5.00% | 02/01/31 (a) | 350,000 | 406,022 |
| Refunding RBs (Academy of Motion Picture Arts & Sciences) Series 2020B | 5.00% | 11/01/29 (a) | 1,500,000 | 1,945,560 |
| California Municipal Finance Auth | ||||
| Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/26 (e) | 360,000 | 428,696 |
| Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/27 (e) | 350,000 | 427,950 |
| Insured Refunding RB (Channing House) Series 2017A | 5.00% | 05/15/34 (a)(e) | 1,040,000 | 1,267,688 |
| RB (Clinicas del Camino Real) Series 2020 | 4.00% | 03/01/28 | 1,455,000 | 1,696,545 |
| RB (Clinicas del Camino Real) Series 2020 | 4.00% | 03/01/29 | 1,515,000 | 1,787,214 |
| RB (Clinicas del Camino Real) Series 2020 | 4.00% | 03/01/30 | 790,000 | 940,182 |
| RB (Inland Christian Home) Series 2020 | 4.00% | 12/01/39 (a)(e) | 1,240,000 | 1,485,708 |
| RB (National Univ) Series 2019A | 5.00% | 04/01/26 | 650,000 | 768,655 |
| RB (National Univ) Series 2019A | 5.00% | 04/01/27 | 1,100,000 | 1,337,414 |
| RB (Univ of La Verne) Series 2017A | 5.00% | 06/01/29 (a) | 1,000,000 | 1,215,051 |
| RB Series 2021 | 4.00% | 10/01/46 (a) | 1,000,000 | 1,161,532 |
| RB Series 2021 | 4.00% | 10/01/49 (a) | 1,800,000 | 2,080,359 |
| Recovery Zone Facility RB (Chevron) Series 2010A VRDN | 0.02% | 11/01/35 (a)(b)(h) | 4,195,000 | 4,195,000 |
| Refunding RB (Biola Univ) Series 2017 | 5.00% | 10/01/25 | 155,000 | 179,553 |
| Refunding RB (Eisenhower Medical Center) Series 2017B | 5.00% | 07/01/27 | 600,000 | 732,064 |
| Refunding RB (Eisenhower Medical Center) Series 2017B | 5.00% | 07/01/30 (a) | 1,150,000 | 1,387,149 |
| Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/29 (a) | 645,000 | 737,997 |
| Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/30 (a) | 750,000 | 856,970 |
| Refunding RB (HumanGood California) Series 2019A | 4.00% | 10/01/31 (a) | 500,000 | 569,566 |
| Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/29 (a)(e) | 250,000 | 304,585 |
| Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/31 (a)(e) | 575,000 | 698,134 |
| Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/32 (a)(e) | 250,000 | 303,505 |
| Refunding RB (Institute of Aging) Series 2017 | 5.00% | 08/15/33 (a)(e) | 250,000 | 303,296 |
| California Public Finance Auth | ||||
| RB (Henry Mayo Newhall Hospital) Series 2017 | 5.00% | 10/15/33 (a) | 425,000 | 501,978 |
| RB (Henry Mayo Newhall Hospital) Series 2017 | 5.00% | 10/15/47 (a) | 600,000 | 699,429 |
| RB (Sharp Healthcare) Series 2017B VRDN | 0.03% | 08/01/52 (a)(b)(e)(h) | 5,800,000 | 5,800,000 |
| California Public Works Board | ||||
| Lease RB Series 2011D | 5.00% | 12/01/22 (a) | 500,000 | 500,000 |
| Lease RB Series 2012A | 5.00% | 04/01/23 (a) | 1,850,000 | 1,879,527 |
| Lease RB Series 2014B | 5.00% | 10/01/24 | 1,000,000 | 1,129,515 |
| Lease Refunding RB Series 2022A | 5.00% | 08/01/31 (f) | 2,000,000 | 2,636,095 |
| California School Finance Auth | ||||
| School Facility RB (Kipp LA) Series 2017A | 4.00% | 07/01/22 | 300,000 | 306,003 |
| School Facility RB (Kipp LA) Series 2017A | 4.00% | 07/01/23 | 200,000 | 210,604 |
| School Facility RB (Kipp LA) Series 2017A | 5.00% | 07/01/24 | 165,000 | 182,426 |
| School Facility RB (Kipp LA) Series 2017A | 5.00% | 07/01/37 (a) | 590,000 | 694,174 |
| California Statewide Communities Development Auth | ||||
| Health Facility RB Series 2021A | 4.00% | 06/01/46 (a) | 1,000,000 | 1,182,980 |
| Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/24 | 870,000 | 949,002 |
| Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/31 (a) | 1,700,000 | 2,069,208 |
| Hospital Refunding RB (Methodist Hospital of Southern California) Series 2018 | 5.00% | 01/01/33 (a) | 1,355,000 | 1,643,171 |
| Insured Health Facility Refunding RB (Los Angeles Jewish Home for the Aging) Series 2019A | 5.00% | 11/15/34 (a)(e) | 750,000 | 957,476 |
| Insured Health Facility Refunding RB (Los Angeles Jewish Home for the Aging) Series 2019A | 5.00% | 11/15/37 (a)(e) | 735,000 | 933,946 |
| RB (Adventist Health System West) Series 2018A | 5.00% | 03/01/48 (a) | 2,765,000 | 3,348,633 |
| RB (Adventist Health System) Series 2007A | 5.00% | 03/01/37 (a)(b)(c) | 1,715,000 | 2,019,265 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| RB (Loma Linda Univ Medical Center) Series 2018A | 5.25% | 12/01/43 (a) | 2,500,000 | 3,047,778 |
| RB (Redlands Community Hospital) Series 2016 | 5.00% | 10/01/30 (a) | 800,000 | 945,536 |
| RB (Redlands Community Hospital) Series 2016 | 5.00% | 10/01/32 (a) | 700,000 | 824,498 |
| RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/29 (a)(e) | 300,000 | 374,891 |
| RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/30 (a)(e) | 235,000 | 292,490 |
| RB (Viamonte Sr Living 1) Series 2018A | 5.00% | 07/01/32 (a)(e) | 900,000 | 1,116,907 |
| RB (Viamonte Sr Living 1) Series 2018A | 4.00% | 07/01/35 (a)(e) | 275,000 | 316,716 |
| RB (Viamonte Sr Living 1) Series 2018A | 4.00% | 07/01/36 (a)(e) | 425,000 | 488,686 |
| RB Series 2021A | 4.00% | 06/01/29 | 1,000,000 | 1,208,711 |
| RBs (Emanate Health) Series 2020A | 4.00% | 04/01/36 (a) | 2,025,000 | 2,400,473 |
| RBs (Emanate Health) Series 2020A | 4.00% | 04/01/45 (a) | 1,750,000 | 2,029,123 |
| Refunding RB (CHF-Irvine) Series 2016 | 5.00% | 05/15/30 (a) | 500,000 | 592,645 |
| Refunding RB (CHF-Irvine) Series 2016 | 5.00% | 05/15/32 (a) | 1,250,000 | 1,466,621 |
| Refunding RB (Episcopal Communities & Services) Series 2012 | 5.00% | 05/15/24 (a) | 440,000 | 449,018 |
| Refunding RB (Huntington Memorial Hospital) Series 2014B | 5.00% | 07/01/22 (g) | 400,000 | 411,175 |
| Salinas Transportation Revenue COPs Series 2018B | 5.00% | 12/01/33 (a) | 1,075,000 | 1,361,095 |
| Salinas Transportation Revenue COPs Series 2018B | 5.00% | 12/01/36 (a) | 1,475,000 | 1,860,006 |
| Carpinteria Valley Water District | ||||
| Refunding RB Series 2020A | 5.00% | 07/01/29 | 125,000 | 160,969 |
| Refunding RB Series 2020A | 5.00% | 07/01/30 | 150,000 | 197,033 |
| Refunding RB Series 2020A | 5.00% | 07/01/31 (a) | 145,000 | 189,684 |
| Refunding RB Series 2020A | 5.00% | 07/01/33 (a) | 200,000 | 260,529 |
| Refunding RB Series 2020A | 5.00% | 07/01/34 (a) | 250,000 | 324,806 |
| Refunding RB Series 2020A | 5.00% | 07/01/35 (a) | 350,000 | 453,998 |
| Cathedral City Successor Redevelopment Agency | ||||
| Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/24 | 650,000 | 703,449 |
| Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/26 | 575,000 | 649,218 |
| Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/28 | 250,000 | 290,635 |
| Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/29 | 250,000 | 294,267 |
| Sub Tax Allocation Refunding RB Series 2021C | 4.00% | 08/01/30 | 570,000 | 676,308 |
| Tax Allocation Refunding RB Series 2021A | 4.00% | 08/01/31 (a) | 375,000 | 446,471 |
| Tax Allocation Refunding RB Series 2021A | 4.00% | 08/01/32 (a) | 525,000 | 624,933 |
| Tax Allocation Refunding RB Series 2021A | 4.00% | 08/01/33 (a) | 250,000 | 297,502 |
| Tax Allocation Refunding RB Series 2021A | 4.00% | 08/01/34 (a) | 1,000,000 | 1,189,404 |
| Centinela Valley UHSD | ||||
| GO Bonds Series 2013B | 6.00% | 08/01/36 (a)(g) | 1,300,000 | 1,422,255 |
| Ceres Successor Redevelopment Agency | ||||
| Sub Tax Allocation Refunding Bonds Series 2020 | 4.00% | 12/15/34 (a) | 500,000 | 599,086 |
| Sub Tax Allocation Refunding Bonds Series 2020 | 4.00% | 12/15/35 (a) | 500,000 | 598,356 |
| Ceres Water | ||||
| Water System RB Series 2020 | 0.50% | 06/01/50 (a) | 1,375,000 | 1,375,111 |
| Chaffey Joint UHSD | ||||
| GO Bonds Series D | 0.00% | 08/01/34 (a)(d) | 450,000 | 332,806 |
| GO Bonds Series D | 0.00% | 08/01/35 (a)(d) | 550,000 | 391,510 |
| Chico | ||||
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/22 | 625,000 | 655,154 |
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/23 | 780,000 | 853,038 |
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/24 | 770,000 | 875,467 |
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/25 | 400,000 | 470,558 |
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/26 | 320,000 | 388,208 |
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/27 | 425,000 | 528,894 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/28 | 450,000 | 574,223 |
| Sewer Refunding RB Series 2020 | 5.00% | 12/01/29 | 450,000 | 582,486 |
| Clovis | ||||
| Wastewater Refunding RB Series 2015 | 5.25% | 08/01/30 (a) | 1,060,000 | 1,234,065 |
| Compton USD | ||||
| GO Refunding Bonds Series 2016F | 5.50% | 06/01/28 (a) | 250,000 | 301,549 |
| GO Refunding Bonds Series 2016F | 5.50% | 06/01/30 (a) | 500,000 | 600,401 |
| GO Refunding Bonds Series 2016F | 5.50% | 06/01/31 (a) | 750,000 | 900,601 |
| Cordova Recreation & Park District | ||||
| COP Series 2018 | 5.00% | 03/01/43 (a) | 655,000 | 762,874 |
| Cotati-Rohnert Park USD | ||||
| GO Refunding Bonds Series 2014B | 5.00% | 08/01/23 | 735,000 | 793,167 |
| Cucamonga Valley Water District Financing Auth | ||||
| Water Refunding RB Series 2021B | 5.00% | 09/01/26 | 415,000 | 500,357 |
| Water Refunding RB Series 2021B | 5.00% | 09/01/27 | 140,000 | 173,467 |
| Water Refunding RB Series 2021B | 5.00% | 09/01/28 | 150,000 | 190,597 |
| Water Refunding RB Series 2021B | 5.00% | 09/01/31 | 200,000 | 271,562 |
| Desert CCD | ||||
| GO Bonds Series 2018 | 5.00% | 08/01/37 (a)(g) | 415,000 | 447,987 |
| GO Bonds Series 2018 | 5.00% | 08/01/38 (a)(g) | 500,000 | 539,744 |
| Diablo Water District | ||||
| Water Revenue COP Series 2019 | 4.00% | 01/01/23 | 400,000 | 416,512 |
| Water Revenue COP Series 2019 | 4.00% | 01/01/27 | 470,000 | 550,155 |
| Water Revenue COP Series 2019 | 4.00% | 01/01/28 | 490,000 | 585,008 |
| Water Revenue COP Series 2019 | 4.00% | 01/01/29 (a) | 505,000 | 598,185 |
| Water Revenue COP Series 2019 | 4.00% | 01/01/30 (a) | 480,000 | 559,984 |
| Discovery Bay Public Financing Auth | ||||
| Water & Wastewater RB Series 2017 | 5.00% | 12/01/25 | 225,000 | 264,298 |
| Water & Wastewater RB Series 2017 | 5.00% | 12/01/26 | 240,000 | 290,761 |
| Water & Wastewater RB Series 2017 | 5.00% | 12/01/27 | 250,000 | 311,114 |
| East Bay Municipal Utility District | ||||
| Water System Refunding Bonds Series 2015A | 5.00% | 06/01/35 (a) | 475,000 | 546,847 |
| East Side UHSD | ||||
| Refunding GO Bonds Series 2020 | 5.00% | 08/01/22 | 1,230,000 | 1,269,768 |
| Refunding GO Bonds Series 2020 | 5.00% | 08/01/24 | 1,000,000 | 1,124,887 |
| Refunding GO Bonds Series 2020 | 5.00% | 08/01/26 | 1,200,000 | 1,445,579 |
| Refunding GO Bonds Series 2020 | 5.00% | 08/01/27 | 1,150,000 | 1,426,103 |
| El Camino Hospital District | ||||
| GO Bonds Series 2006 | 0.00% | 08/01/29 (d) | 1,250,000 | 1,110,388 |
| Elk Grove Finance Auth | ||||
| Special Tax RB Series 2015 | 5.00% | 09/01/22 | 450,000 | 465,697 |
| Special Tax RB Series 2015 | 5.00% | 09/01/23 | 775,000 | 832,906 |
| Franklin-McKinley SD | ||||
| GO Bonds Series C | 0.00% | 08/01/40 (a)(d)(g) | 1,000,000 | 343,810 |
| Fresno Jt Power Finance Auth | ||||
| Lease Refunding RB Series 2017A | 5.00% | 04/01/26 | 850,000 | 999,198 |
| Lease Refunding RB Series 2017A | 5.00% | 04/01/28 (a) | 1,415,000 | 1,702,422 |
| Fresno USD | ||||
| GO Bonds Series 2016A | 0.00% | 08/01/33 (a)(d)(g) | 1,120,000 | 816,369 |
| GO Bonds Series 2016A | 0.00% | 08/01/34 (a)(d)(g) | 1,900,000 | 1,319,705 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Gilroy Wastewater System | ||||
| Wastewater RB Series 2021A | 3.00% | 08/01/46 (a) | 3,720,000 | 4,009,182 |
| Glendale Successor Redevelopment Agency | ||||
| Sub Tax Allocation Refunding Bonds Series 2013 | 5.00% | 12/01/21 | 1,250,000 | 1,250,000 |
| Golden West Schools Financing Auth | ||||
| GO RB (Rowland USD) Series 2005 | 5.25% | 09/01/24 | 1,675,000 | 1,902,796 |
| Goleta Water District | ||||
| Refunding COP Series 2014A | 5.00% | 12/01/24 (a) | 900,000 | 984,464 |
| Greenfield Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds Series 2016 | 4.00% | 02/01/25 | 790,000 | 875,913 |
| Tax Allocation Refunding Bonds Series 2016 | 5.00% | 02/01/29 (a) | 730,000 | 852,492 |
| Hastings Campus Housing Financing Auth | ||||
| Campus Housing RB Series 2020A | 5.00% | 07/01/45 (a) | 2,800,000 | 3,294,236 |
| Hastings College of the Law | ||||
| Refunding Bonds Series 2017 | 5.00% | 04/01/25 | 400,000 | 456,519 |
| Refunding Bonds Series 2017 | 5.00% | 04/01/27 | 175,000 | 211,046 |
| Refunding Bonds Series 2017 | 5.00% | 04/01/28 (a) | 180,000 | 216,666 |
| Refunding Bonds Series 2017 | 5.00% | 04/01/32 (a) | 1,100,000 | 1,316,110 |
| Refunding Bonds Series 2017 | 5.00% | 04/01/34 (a) | 1,115,000 | 1,331,511 |
| Healdsburg | ||||
| Wastewater Refunding RB Series 2015A | 4.00% | 10/01/22 | 1,095,000 | 1,130,105 |
| Healdsburg Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds (Sotoyome) Series 2017 | 4.00% | 08/01/22 | 695,000 | 710,741 |
| Imperial USD | ||||
| GO Bonds Series A | 5.25% | 08/01/43 (a) | 1,430,000 | 1,766,800 |
| Independent Cities Finance Auth | ||||
| Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 4.25% | 05/15/25 | 780,000 | 871,582 |
| Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 4.25% | 05/15/26 | 810,000 | 924,910 |
| Mobile Home Park Refunding RB (Union City Tropics) Series 2019 | 5.00% | 05/15/48 (a) | 2,000,000 | 2,409,976 |
| Indian Wells Successor Redevelopment Agency | ||||
| Consolidated Whitewater Redevelopment Sub Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/23 | 1,075,000 | 1,161,601 |
| Consolidated Whitewater Redevelopment Sub Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/27 (a) | 1,250,000 | 1,448,278 |
| Inglewood Successor Redevelopment Agency | ||||
| Sub Lien Tax Allocation RB Series 2017A | 5.00% | 05/01/26 | 500,000 | 592,778 |
| Sub Lien Tax Allocation RB Series 2017A | 5.00% | 05/01/27 | 500,000 | 608,363 |
| Inglewood USD | ||||
| GO Bonds Series A | 6.25% | 08/01/37 (a)(g) | 685,000 | 752,863 |
| GO Bonds Series B | 5.00% | 08/01/31 (a) | 150,000 | 178,333 |
| GO Bonds Series B | 5.00% | 08/01/32 (a) | 200,000 | 237,474 |
| GO Bonds Series B | 5.00% | 08/01/33 (a) | 125,000 | 148,296 |
| GO Bonds Series B | 5.00% | 08/01/35 (a) | 200,000 | 236,871 |
| GO Bonds Series B | 5.00% | 08/01/37 (a) | 720,000 | 851,289 |
| Irvine | ||||
| Limited Obligation (Assessment District NO 21-1) Bonds | 4.00% | 09/02/36 (a) | 220,000 | 271,907 |
| Limited Obligation (Assessment District NO 21-1) Bonds | 4.00% | 09/02/37 (a) | 245,000 | 301,543 |
| Limited Obligation (Assessment District NO 21-1) Bonds | 4.00% | 09/02/38 (a) | 300,000 | 368,493 |
| Kern CCD | ||||
| GO BANs 2020 | 0.00% | 08/01/23 (d) | 4,200,000 | 4,178,988 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Kern Cnty | ||||
| Refunding COP Series 2016A | 5.00% | 11/01/23 | 3,020,000 | 3,279,359 |
| Kern Cnty Water Agency Improvement District #4 | ||||
| Refunding RB Series 2016A | 5.00% | 05/01/30 (a) | 1,500,000 | 1,770,452 |
| Kern High School District | ||||
| GO Bonds Series 2016A | 3.00% | 08/01/29 (a) | 1,000,000 | 1,110,360 |
| Lake Tahoe USD | ||||
| GO Refunding Bonds Series 2019 | 4.00% | 08/01/26 | 550,000 | 630,426 |
| GO Refunding Bonds Series 2019 | 4.00% | 08/01/28 | 630,000 | 750,041 |
| GO Refunding Bonds Series 2019 | 4.00% | 08/01/29 | 605,000 | 731,562 |
| Lancaster Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds Series 2017 | 4.00% | 08/01/26 | 1,360,000 | 1,562,237 |
| Tax Allocation Refunding Bonds Series 2017 | 5.00% | 08/01/29 (a) | 820,000 | 971,502 |
| Livermore Valley Joint USD | ||||
| GO Bonds Series 2019 | 4.00% | 08/01/30 (a) | 430,000 | 490,579 |
| GO Bonds Series 2019 | 4.00% | 08/01/31 (a) | 325,000 | 370,243 |
| GO Bonds Series 2019 | 4.00% | 08/01/32 (a) | 335,000 | 381,427 |
| Long Beach CCD | ||||
| GO Refunding Bonds Series 2015F | 5.00% | 06/01/25 | 925,000 | 1,073,637 |
| Long Beach Cnty Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds Series 2021 | 4.00% | 08/01/29 | 285,000 | 347,658 |
| Tax Allocation Refunding Bonds Series 2021 | 4.00% | 08/01/38 (a) | 345,000 | 411,828 |
| Long Beach Harbor Dept | ||||
| Refunding RB Series 2020B | 5.00% | 05/15/23 | 1,430,000 | 1,526,680 |
| Refunding RB Series 2020B | 5.00% | 05/15/24 | 6,260,000 | 6,925,966 |
| Los Angeles Cnty Public Works Financing Auth | ||||
| Lease RB Series 2019 E1 | 5.00% | 12/01/30 (a) | 600,000 | 780,662 |
| Lease RB Series 2021F | 5.00% | 12/01/25 | 435,000 | 513,625 |
| Lease RB Series 2021F | 5.00% | 12/01/26 | 250,000 | 304,526 |
| Lease RB Series 2021F | 5.00% | 12/01/27 | 250,000 | 312,110 |
| Los Angeles Cnty Redevelopment Refunding Auth | ||||
| Tax Allocation Refunding RB (South Gate) Series 2014A | 5.00% | 09/01/24 | 1,390,000 | 1,563,406 |
| Los Angeles Cnty Sanitation Districts Financing Auth | ||||
| Sub RB (District #14) Series 2015A | 5.00% | 10/01/31 (a) | 3,880,000 | 4,508,992 |
| Los Angeles Community Facilities District #4 | ||||
| Special Tax Refunding Bonds Series 2014 | 5.00% | 09/01/22 | 735,000 | 760,809 |
| Special Tax Refunding Bonds Series 2014 | 5.00% | 09/01/23 | 980,000 | 1,057,154 |
| Los Angeles Dept of Airports | ||||
| Sr Refunding RB Series 2018B | 5.00% | 05/15/32 (a) | 1,675,000 | 2,062,192 |
| Sr Refunding RB Series 2018B | 5.00% | 05/15/33 (a) | 3,325,000 | 4,097,109 |
| Sub RB Series 2018D | 5.00% | 05/15/31 (a) | 1,510,000 | 1,896,752 |
| Sub RB Series 2019F | 5.00% | 05/15/28 | 1,310,000 | 1,628,132 |
| Sub Refunding RB Series 2021A | 5.00% | 05/15/27 | 1,230,000 | 1,494,414 |
| Sub Refunding RB Series 2021A | 5.00% | 05/15/28 | 1,250,000 | 1,553,561 |
| Sub Refunding RB Series 2021A | 5.00% | 05/15/29 | 1,410,000 | 1,791,092 |
| Los Angeles Dept of Water & Power | ||||
| Power System RB Series 2015A | 5.00% | 07/01/30 (a) | 3,015,000 | 3,426,373 |
| Water System RB Series 2001B4 VRDN | 0.02% | 07/01/35 (a)(b)(e)(h) | 2,000,000 | 2,000,000 |
| Water System RB Series 2021B | 5.00% | 07/01/40 (a) | 1,000,000 | 1,317,246 |
| Water System RB Series 2021B | 5.00% | 07/01/46 (a) | 3,000,000 | 3,895,167 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Los Angeles Harbor Dept | ||||
| RB Series 2014C | 5.00% | 08/01/31 (a) | 1,450,000 | 1,618,676 |
| Refunding RB Series 2015A | 5.00% | 08/01/26 (a) | 850,000 | 986,018 |
| Los Angeles Municipal Improvement Corp | ||||
| Lease RB Series 2014A | 5.00% | 05/01/31 (a)(g) | 1,050,000 | 1,166,738 |
| Los Osos Community Facilities Wastewater Assessment District #1 | ||||
| Limited Obligation Refunding Bonds Series 2019 | 5.00% | 09/02/24 | 675,000 | 753,369 |
| Limited Obligation Refunding Bonds Series 2019 | 5.00% | 09/02/26 | 740,000 | 872,840 |
| Lynwood USD | ||||
| GO Bonds Series E | 0.00% | 08/01/43 (a)(d) | 3,890,000 | 2,300,625 |
| Madera Irrigation District | ||||
| Water Refunding RB Series 2015 | 5.00% | 09/01/28 (a) | 2,205,000 | 2,569,972 |
| Moreno Valley Public Financing Auth | ||||
| Lease Refunding RB Series 2013 | 5.00% | 11/01/22 | 810,000 | 845,319 |
| Moreno Valley USD | ||||
| GO Bonds Series C | 3.00% | 08/01/46 (a) | 1,685,000 | 1,811,403 |
| Mountain View Shoreline Regional Park Community | ||||
| RB Series 2011A | 5.75% | 08/01/40 (a) | 700,000 | 702,775 |
| North Coast Cnty Water District | ||||
| COP Series 2021 | 4.00% | 10/01/41 (a) | 835,000 | 997,520 |
| COP Series 2021 | 4.00% | 10/01/46 (a) | 1,070,000 | 1,259,420 |
| Northern California Energy Auth | ||||
| Commodity Supply RB Series 2018 | 5.00% | 07/01/24 (e) | 3,000,000 | 3,353,659 |
| Novato | ||||
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/24 | 100,000 | 109,229 |
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/25 | 150,000 | 167,905 |
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/26 | 150,000 | 171,344 |
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/27 | 200,000 | 232,175 |
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/28 (a) | 200,000 | 235,307 |
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/30 (a) | 140,000 | 163,191 |
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/31 (a) | 285,000 | 330,460 |
| Special Tax Refunding Bonds Series 2020 | 4.00% | 09/01/32 (a) | 150,000 | 173,643 |
| Oakland | ||||
| GO Refunding Bonds Series 2015A | 5.00% | 01/15/31 (a) | 620,000 | 716,158 |
| Oakland USD | ||||
| GO Bonds Series 2015A | 5.00% | 08/01/22 | 500,000 | 515,756 |
| GO Bonds Series 2015A | 5.00% | 08/01/23 | 700,000 | 754,176 |
| GO Bonds Series 2015A | 5.00% | 08/01/24 | 600,000 | 671,352 |
| GO Bonds Series 2019A | 5.00% | 08/01/29 (a) | 1,500,000 | 1,846,171 |
| GO Bonds Series 2019A | 5.00% | 08/01/31 (a) | 500,000 | 614,130 |
| GO Refunding Bonds Series 2017C | 5.00% | 08/01/34 (a) | 2,000,000 | 2,446,191 |
| Oakley Successor Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/29 (a) | 250,000 | 313,037 |
| Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/30 (a) | 500,000 | 623,000 |
| Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/31 (a) | 660,000 | 819,872 |
| Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/32 (a) | 350,000 | 433,980 |
| Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/33 (a) | 725,000 | 897,721 |
| Tax Allocation Refunding Bonds Series 2018 | 5.00% | 09/01/34 (a) | 525,000 | 649,027 |
| Oceanside Successor Redevelopment Agency | ||||
| Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/24 | 600,000 | 673,446 |
| Tax Allocation Refunding Bonds Series 2015A | 5.00% | 09/01/25 | 225,000 | 262,242 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Ontario Int’l Airport | ||||
| RB Series 2021B | 5.00% | 05/15/31 | 515,000 | 676,341 |
| RB Series 2021B | 5.00% | 05/15/33 (a) | 545,000 | 710,081 |
| RB Series 2021B | 5.00% | 05/15/34 (a) | 500,000 | 649,646 |
| RB Series 2021B | 4.00% | 05/15/35 (a) | 500,000 | 598,930 |
| Orange County Transportation Auth | ||||
| BAN 2021 | 5.00% | 10/15/24 | 1,500,000 | 1,698,154 |
| Oroville | ||||
| RB (Oroville Hospital) Series 2019 | 5.25% | 04/01/49 (a) | 1,800,000 | 2,016,009 |
| Oxnard | ||||
| Lease Refunding RB Series 2018 | 5.00% | 06/01/33 (a) | 1,250,000 | 1,538,603 |
| Lease Refunding RB Series 2018 | 5.00% | 06/01/34 (a) | 1,235,000 | 1,517,922 |
| Lease Refunding RB Series 2018 | 5.00% | 06/01/35 (a) | 770,000 | 945,150 |
| Oxnard Financing Auth | ||||
| Wastewater Refunding RB Series 2014 | 5.00% | 06/01/23 | 500,000 | 534,960 |
| Wastewater Refunding RB Series 2014 | 5.00% | 06/01/24 | 1,750,000 | 1,948,610 |
| Oxnard SD | ||||
| GO Bonds Series D | 5.00% | 08/01/31 (a)(g) | 1,365,000 | 1,591,620 |
| GO Bonds Series D | 5.00% | 08/01/32 (a)(g) | 1,490,000 | 1,737,373 |
| GO Bonds Series D | 5.00% | 08/01/33 (a)(g) | 1,685,000 | 1,964,748 |
| Pacifica | ||||
| Wastewater RB Series 2017 | 5.00% | 10/01/32 (a) | 1,030,000 | 1,269,744 |
| Palmdale SD | ||||
| GO Bonds Series 2017B | 5.25% | 08/01/42 (a) | 2,500,000 | 3,061,597 |
| Palo Alto | ||||
| COP Series 2019A | 5.00% | 11/01/44 (a) | 2,000,000 | 2,488,482 |
| Pasadena | ||||
| Refunding COP Series 2015A | 5.00% | 02/01/26 (a) | 600,000 | 686,700 |
| Pico Rivera Public Financing Auth | ||||
| Lease Refunding RB Series 2016 | 5.50% | 09/01/29 (a) | 350,000 | 427,775 |
| Lease Refunding RB Series 2016 | 5.25% | 09/01/33 (a) | 800,000 | 957,286 |
| Piner-Olivet Union Elementary SD | ||||
| GO Bonds Series 2021 | 0.00% | 08/01/42 (a)(d) | 500,000 | 293,601 |
| GO Bonds Series 2021 | 0.00% | 08/01/44 (a)(d) | 500,000 | 274,467 |
| Pleasant Hill Recreation & Park District | ||||
| Refunding GO Bonds Series 2017 | 5.00% | 08/01/30 (a) | 770,000 | 930,783 |
| Pleasant Valley SD | ||||
| GO Refunding Bonds Series 2002A | 5.85% | 08/01/31 | 2,000,000 | 2,498,313 |
| Pomona | ||||
| S/F Mortgage Refunding RB Series 1990B | 7.50% | 08/01/23 (g) | 220,000 | 234,162 |
| Port of Oakland | ||||
| Refunding RB Series 2017D | 5.00% | 11/01/27 | 4,895,000 | 6,015,176 |
| Reedley | ||||
| Water Refunding RB Series 2017 | 5.00% | 09/01/25 | 540,000 | 631,796 |
| Richmond California Redevelopment Agency | ||||
| Refunding RB Series 2021A | 4.00% | 09/01/22 | 200,000 | 205,302 |
| Refunding RB Series 2021A | 4.00% | 09/01/24 | 300,000 | 326,741 |
| Refunding RB Series 2021A | 4.00% | 09/01/25 | 535,000 | 602,244 |
| Refunding RB Series 2021A | 4.00% | 09/01/26 | 400,000 | 460,335 |
| Refunding RB Series 2021A | 4.00% | 09/01/27 | 1,150,000 | 1,346,896 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Richmond Jt Powers Financing Auth | ||||
| Refunding RB Series 2019B | 4.00% | 05/01/22 | 1,250,000 | 1,269,838 |
| Refunding RB Series 2019B | 5.00% | 05/01/23 | 1,000,000 | 1,067,187 |
| Refunding RB Series 2019B | 5.00% | 05/01/24 | 650,000 | 717,290 |
| Rio Elementary SD | ||||
| GO Bonds Series 2018C | 0.00% | 08/01/32 (a)(d) | 115,000 | 88,441 |
| Riverside Cnty | ||||
| Lease Refunding RB Series 2015A | 5.00% | 11/01/25 (g) | 180,000 | 211,030 |
| Lease Refunding RB Series 2015A | 5.00% | 11/01/25 | 1,020,000 | 1,198,393 |
| Riverside Cnty Transportation Commission | ||||
| Sales Tax RB Series 2013A | 5.25% | 06/01/24 (a)(g) | 710,000 | 763,628 |
| Rosedale-Rio Bravo Water Storage District | ||||
| Refunding RB Series 2020A | 5.00% | 01/01/23 | 810,000 | 850,726 |
| Refunding RB Series 2020A | 5.00% | 01/01/24 | 500,000 | 546,824 |
| Refunding RB Series 2020A | 5.00% | 01/01/25 | 545,000 | 617,926 |
| Refunding RB Series 2020A | 5.00% | 01/01/26 | 825,000 | 964,070 |
| Refunding RB Series 2020A | 5.00% | 01/01/27 | 865,000 | 1,038,452 |
| Refunding RB Series 2020A | 5.00% | 01/01/28 | 810,000 | 996,713 |
| Refunding RB Series 2020A | 5.00% | 01/01/29 | 855,000 | 1,076,428 |
| Refunding RB Series 2020A | 5.00% | 01/01/30 | 890,000 | 1,143,048 |
| Ross Valley Public Financing Auth | ||||
| RB (Marin Cnty Sanitary District #1) Series 2013 | 5.00% | 10/01/27 (a) | 200,000 | 216,923 |
| RB (Marin Cnty Sanitary District #1) Series 2013 | 5.00% | 10/01/43 (a) | 1,000,000 | 1,078,868 |
| Sacramento Cnty | ||||
| Airport System Sr Refunding RB Series 2018C | 5.00% | 07/01/39 (a) | 1,000,000 | 1,222,460 |
| Airport System Sr Refunding RB Series 2020 | 5.00% | 07/01/34 (a) | 1,550,000 | 2,010,880 |
| Sacramento Regional Transit District | ||||
| Refunding RB Series 2021A | 4.00% | 03/01/35 (a) | 825,000 | 1,000,139 |
| Refunding RB Series 2021A | 4.00% | 03/01/36 (a) | 625,000 | 755,701 |
| Refunding RB Series 2021A | 4.00% | 03/01/37 (a) | 750,000 | 904,664 |
| San Diego Assoc of Governments | ||||
| Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019A | 5.00% | 11/15/25 (a) | 2,500,000 | 2,834,490 |
| Capital Grant Receipts RB (Mid Coast Corridor Transit) Series 2019B | 1.80% | 11/15/27 (a) | 2,500,000 | 2,610,008 |
| San Diego Cnty | ||||
| RB (Sanford Burnham Institute) Series 2015A | 4.00% | 11/01/23 | 745,000 | 796,434 |
| RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/24 | 550,000 | 621,657 |
| RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/25 | 350,000 | 408,986 |
| RB (Sanford Burnham Institute) Series 2015A | 5.00% | 11/01/26 (a) | 1,000,000 | 1,171,071 |
| San Diego Cnty Regional Airport Auth | ||||
| RB Series 2017B | 5.00% | 07/01/31 (a) | 1,360,000 | 1,639,916 |
| Sub Airport RB Series 2021B | 4.00% | 07/01/36 (a)(f) | 2,250,000 | 2,684,790 |
| Sub Refunding & RB Series 2019A | 4.00% | 07/01/37 (a) | 1,000,000 | 1,175,940 |
| San Diego Unified Port District | ||||
| Refunding RB Series 2013A | 5.00% | 09/01/22 | 300,000 | 310,788 |
| Refunding RB Series 2013A | 5.00% | 09/01/23 | 550,000 | 592,698 |
| Refunding RB Series 2013A | 5.00% | 09/01/25 (a) | 245,000 | 264,008 |
| San Francisco Airport Commission | ||||
| RB 2nd Series 2019E | 5.00% | 05/01/40 (a) | 2,875,000 | 3,551,952 |
| Refunding RB Series 2012A | 5.00% | 05/01/26 (a) | 290,000 | 295,777 |
| San Francisco Bay Area Rapid Transit District | ||||
| GO Bonds Series 2019 F1 | 5.00% | 08/01/28 | 1,995,000 | 2,547,555 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| San Francisco Public Utilities Commission | ||||
| Water RB Series 2017A | 5.00% | 11/01/36 (a) | 2,000,000 | 2,258,704 |
| San Francisco Successor Redevelopment Agency | ||||
| Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/23 | 265,000 | 285,648 |
| Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/25 (a) | 150,000 | 168,128 |
| Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/26 (a) | 165,000 | 184,953 |
| Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/28 (a) | 305,000 | 341,415 |
| Subordinate Tax Allocation Refunding Bonds Series 2014C | 5.00% | 08/01/29 (a) | 430,000 | 481,122 |
| San Jacinto USD | ||||
| GO Bonds Series 2017 | 5.00% | 08/01/34 (a) | 1,205,000 | 1,464,182 |
| GO Bonds Series 2017 | 5.00% | 08/01/36 (a) | 925,000 | 1,126,397 |
| San Joaquin Cnty | ||||
| Solid Waste System Refunding Revenue COP 2014 | 5.00% | 04/01/22 | 350,000 | 355,385 |
| San Lorenzo USD | ||||
| GO Refunding Bonds Series 2021B | 4.00% | 08/01/47 (a) | 1,150,000 | 1,327,591 |
| San Lorenzo Valley USD | ||||
| GO Bonds Series 2004 | 0.00% | 08/01/28 (d) | 990,000 | 901,898 |
| San Mateo Cnty CCD | ||||
| GO Refunding Bonds Series 2018 | 5.00% | 09/01/39 (a) | 1,045,000 | 1,344,705 |
| GO Refunding Bonds Series 2018 | 5.00% | 09/01/40 (a) | 1,150,000 | 1,477,560 |
| San Mateo Foster City PFA | ||||
| Wastewater RB Series 2019 | 5.00% | 08/01/29 | 1,310,000 | 1,704,470 |
| San Mateo Foster City Public Finance Auth | ||||
| RB Series 2020A | 5.00% | 05/01/33 (a) | 190,000 | 238,539 |
| RB Series 2020A | 5.00% | 05/01/36 (a) | 500,000 | 627,046 |
| RB Series 2020A | 5.00% | 05/01/37 (a) | 250,000 | 313,339 |
| Wastewater RB Series 2021A | 5.00% | 08/01/25 | 4,400,000 | 5,124,552 |
| Sanger Public Financing Auth | ||||
| Lease RB Series 2020A | 4.00% | 02/01/40 (a) | 1,250,000 | 1,449,986 |
| Santa Clara Valley Transportation Auth | ||||
| Sales Tax Refunding RB Series 2008C VRDN | 0.02% | 04/01/36 (a)(b)(e)(h) | 2,100,000 | 2,100,000 |
| Santa Cruz Cnty Capital Financing Auth | ||||
| Lease RB Series 2014 | 3.00% | 08/01/24 | 175,000 | 187,333 |
| Lease RB Series 2014 | 5.00% | 08/01/25 (a) | 175,000 | 196,556 |
| Lease RB Series 2014 | 5.00% | 08/01/26 (a) | 165,000 | 185,231 |
| Lease RB Series 2014 | 5.00% | 08/01/27 (a) | 320,000 | 358,962 |
| Santa Monica Public Financing Auth | ||||
| Lease RB Series 2018 | 5.00% | 07/01/35 (a) | 575,000 | 706,128 |
| Lease RB Series 2018 | 5.00% | 07/01/38 (a) | 175,000 | 213,945 |
| Santa Rosa HSD | ||||
| GO Bonds Series 2018C | 5.00% | 08/01/34 (a) | 250,000 | 296,465 |
| GO Bonds Series 2018C | 5.00% | 08/01/35 (a) | 300,000 | 355,457 |
| GO Bonds Series 2018C | 5.00% | 08/01/36 (a) | 850,000 | 1,006,273 |
| Shasta UHSD | ||||
| GO Bonds Series 2018 | 5.25% | 08/01/43 (a) | 680,000 | 835,269 |
| Sierra View Healthcare District | ||||
| RB Series 2019 | 5.00% | 07/01/24 | 915,000 | 1,014,615 |
| RB Series 2019 | 4.00% | 07/01/25 | 1,270,000 | 1,410,706 |
| Refunding RB Series 2020 | 4.00% | 07/01/26 | 300,000 | 340,628 |
| Refunding RB Series 2020 | 5.00% | 07/01/27 | 630,000 | 762,941 |
| Refunding RB Series 2020 | 5.00% | 07/01/30 | 645,000 | 832,018 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| South Bay USD | ||||
| GO BAN Series 2019 | 0.00% | 08/01/22 (d) | 2,000,000 | 1,993,432 |
| South Placer Wastewater Auth | ||||
| Wastewater Refunding RB Series 2020 | 5.00% | 11/01/34 | 1,000,000 | 1,406,284 |
| Southern California Metropolitan Water District | ||||
| Water Refunding RB Series 2016A | 5.00% | 07/01/34 (a) | 390,000 | 452,163 |
| Southern California Public Power Auth | ||||
| Refunding RB (Canyon Power) Series 2020A | 5.00% | 07/01/35 (a) | 3,000,000 | 3,445,969 |
| Refunding RB (Milford Wind Corridor) Series 2021-1 | 5.00% | 07/01/25 | 800,000 | 930,644 |
| Refunding RB (Milford Wind Corridor) Series 2021-1 | 5.00% | 07/01/26 | 750,000 | 902,646 |
| Refunding RB (Milford Wind Corridor) Series 2021-1 | 5.00% | 07/01/27 | 950,000 | 1,177,775 |
| Refunding RB Series 2020-1 | 5.00% | 07/01/30 (a) | 3,000,000 | 3,273,729 |
| Susanville Natural Gas | ||||
| Natural Gas Refunding RB Series 2019 | 2.00% | 06/01/22 | 455,000 | 458,869 |
| Natural Gas Refunding RB Series 2019 | 3.00% | 06/01/25 | 575,000 | 622,665 |
| Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/28 (a) | 615,000 | 729,601 |
| Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/30 (a) | 680,000 | 805,137 |
| Natural Gas Refunding RB Series 2019 | 4.00% | 06/01/33 (a) | 580,000 | 685,382 |
| Tobacco Securitization Auth of Northern California | ||||
| Sr Refunding Bonds (Sacramento Cnty Tobacco Corp) Series 2021A1 | 4.00% | 06/01/49 (a) | 1,000,000 | 1,165,670 |
| Sr Refunding Bonds (Sacramento Cnty Tobacco Corp) Series 2021B1 | 0.45% | 06/01/30 | 50,000 | 50,726 |
| Sr Refunding Bonds (Sacramento Cnty Tobacco Corp) Series 2021B1 | 4.00% | 06/01/49 (a) | 250,000 | 284,786 |
| Truckee Donner Public Utility District | ||||
| Water System Refunding RB Series 2015 | 4.00% | 11/15/22 | 630,000 | 653,061 |
| Water System Refunding RB Series 2015 | 4.00% | 11/15/23 | 655,000 | 702,015 |
| Water System Refunding RB Series 2015 | 4.00% | 11/15/24 | 680,000 | 751,687 |
| Water System Refunding RB Series 2015 | 4.00% | 11/15/25 | 710,000 | 806,282 |
| Univ of California | ||||
| Limited Project RB Series 2012G | 5.00% | 05/15/42 (a) | 3,000,000 | 3,065,656 |
| Upland | ||||
| COP (San Antonio Regional Hospital) Series 2017 | 5.00% | 01/01/24 | 1,200,000 | 1,306,614 |
| Val Verde USD | ||||
| GO Bonds Series 2021B | 4.00% | 08/01/24 | 500,000 | 547,783 |
| GO Bonds Series 2021F | 3.00% | 08/01/47 (a) | 1,350,000 | 1,434,875 |
| West Hills CCD | ||||
| GO Refunding Bonds Series 2016B | 5.00% | 08/01/25 | 320,000 | 371,426 |
| GO Refunding Bonds Series 2016B | 5.00% | 08/01/26 | 450,000 | 538,646 |
| GO Refunding Bonds Series 2016B | 5.00% | 08/01/30 (a) | 595,000 | 708,890 |
| GO Refunding Bonds Series 2016B | 5.00% | 08/01/31 (a) | 635,000 | 755,583 |
| 493,144,264 | ||||
| PUERTO RICO 0.7% | ||||
| Puerto Rico Industrial, Tourist, Educational, Medical & Environmental Control Facilities Financing Auth | ||||
| Hospital Refunding RB Series 2021 | 5.00% | 07/01/28 | 700,000 | 857,640 |
| Hospital Refunding RB Series 2021 | 5.00% | 07/01/30 | 550,000 | 697,266 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Hospital Refunding RB Series 2021 | 5.00% | 07/01/31 | 825,000 | 1,064,057 |
| Hospital Refunding RB Series 2021 | 5.00% | 07/01/33 (a) | 775,000 | 991,037 |
| 3,610,000 | ||||
| Total Municipal Securities (Cost $475,228,583) | 496,754,264 | |||
| Total Investments (Cost $475,228,583) | 496,754,264 | |||
| (a) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
| (b) | Variable rate security; rate shown is effective rate at period end. |
| (c) | Bond currently pays a fixed coupon rate and will be remarketed at a to be determined rate at the end of the current fixed rate term. |
| (d) | Zero coupon bond. |
| (e) | Credit-enhanced or liquidity-enhanced. |
| (f) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
| (g) | Refunded bond. |
| (h) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index |
| BAN — | Bond anticipation note |
| CCD — | Community college district |
| COP — | Certificate of participation |
| GO — | General obligation |
| HSD — | High school district |
| PFA — | Public Financing Authority |
| RB — | Revenue bond |
| S/F — | Single-family |
| SD — | School district |
| SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
| UHSD — | Union high school district |
| USD — | Unified school district |
| VRDN — | Variable rate demand note |
| DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
| Assets | ||||
| Municipal Securities1 | $— | $496,754,264 | $— | $496,754,264 |
| Total | $— | $496,754,264 | $— | $496,754,264 |
| 1 | As categorized in the Portfolio Holdings. |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| MUNICIPAL SECURITIES 102.3% OF NET ASSETS | ||||
| ALABAMA 2.3% | ||||
| Black Belt Energy Gas District | ||||
| Gas RB Series 2021B | 4.00% | 10/01/52 (a) | 1,000,000 | 1,142,047 |
| Jefferson Cnty Sales Tax | ||||
| Limited Obligation Refunding RB Series 2017 | 4.00% | 09/15/36 (a) | 500,000 | 573,919 |
| 1,715,966 | ||||
| ARIZONA 3.2% | ||||
| Arizona IDA | ||||
| RB Series 2021A | 4.00% | 11/01/30 | 500,000 | 603,624 |
| La Paz Cnty Industrial Development Auth | ||||
| Education Facility Lease RB (Harmony Public Schools) Series 2018A | 5.00% | 02/15/38 (a) | 700,000 | 820,711 |
| Phoenix Civic Improvement Corp | ||||
| Jr Lien Airport RB Series 2019B | 4.00% | 07/01/39 (a) | 800,000 | 927,016 |
| 2,351,351 | ||||
| CALIFORNIA 5.1% | ||||
| California Community Choice Finance Auth | ||||
| RB Series 2021B1 | 4.00% | 02/01/52 (a)(b)(c)(d) | 1,000,000 | 1,211,905 |
| California Health Facilities Financing Auth | ||||
| Refunding RB (Lucile Salter Packard Childrens Hospital) Series 2022A | 4.00% | 05/15/51 (a)(e) | 500,000 | 574,885 |
| Los Angeles USD | ||||
| GO Bonds Series 2020 RYQ | 4.00% | 07/01/44 (a) | 665,000 | 787,489 |
| Lynwood USD | ||||
| GO Bonds Series E | 0.00% | 08/01/43 (a)(f) | 520,000 | 307,539 |
| San Diego Cnty Regional Airport Auth | ||||
| Sub Airport RB Series 2021B | 4.00% | 07/01/36 (a)(e) | 750,000 | 894,930 |
| 3,776,748 | ||||
| COLORADO 1.2% | ||||
| Park Creek Metropolitan Dist | ||||
| Sr LT RB Series 2019A | 4.00% | 12/01/34 (a) | 745,000 | 895,757 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| DISTRICT OF COLUMBIA 1.4% | ||||
| Washington DC Convention Center Auth | ||||
| Sr Lien Dedicated Tax Refunding RB Series 2021A | 4.00% | 10/01/34 (a) | 400,000 | 480,945 |
| Sr Lien Dedicated Tax Refunding RB Series 2021A | 4.00% | 10/01/40 (a) | 500,000 | 594,058 |
| 1,075,003 | ||||
| FLORIDA 6.7% | ||||
| Broward Cnty SD | ||||
| COP Series 2020A | 5.00% | 07/01/30 | 500,000 | 650,609 |
| Florida Gulf Coast Univ | ||||
| Improvement Refunding RB Series 2017A | 5.00% | 08/01/26 | 435,000 | 515,850 |
| Florida Higher Educational Facilities Financing Auth | ||||
| Educational Facilities Refunding RB (Nova Southeastern Univ) Series 2016 | 5.00% | 04/01/30 (a) | 750,000 | 877,069 |
| Halifax Hospital Medical Center | ||||
| Hospital Revenue & Refunding Bonds Series 2016 | 5.00% | 06/01/36 (a) | 500,000 | 583,405 |
| Lee Cnty Industrial Development Auth | ||||
| Healthcare Facilities Improvement RB (Shell Point Alliance) Series 2019 | 5.00% | 11/15/49 (a) | 1,000,000 | 1,163,296 |
| Miami-Dade Cnty Educational Facilities Auth | ||||
| Revenue & Refunding Bonds (Univ of Miami) Series 2015A | 5.00% | 04/01/30 (a) | 500,000 | 567,763 |
| Tampa | ||||
| Revenue & Refunding Bonds (Univ of Tampa) Series 2020A | 4.00% | 04/01/50 (a) | 500,000 | 567,746 |
| 4,925,738 | ||||
| GEORGIA 3.4% | ||||
| Cobb Cnty-Kennestone Hospital Auth | ||||
| Revenue Anticipation Refunding Certificates Series 2012 | 5.00% | 04/01/28 (a) | 415,000 | 438,880 |
| Milledgeville-Baldwin Cnty Development Auth | ||||
| RB (Univ of Georgia) Series 2021 | 4.00% | 06/15/36 (a)(b) | 750,000 | 916,598 |
| Municipal Electric Auth of Georgia | ||||
| Sub Bonds Series 2021A | 4.00% | 01/01/40 (a) | 1,000,000 | 1,195,170 |
| 2,550,648 | ||||
| GUAM 1.1% | ||||
| Guam Power Auth | ||||
| RB Series 2012A | 5.00% | 10/01/34 (a) | 250,000 | 258,078 |
| Guam Waterworks Auth | ||||
| Water & Wastewater System Refunding RB Series 2014A | 5.00% | 07/01/35 (a) | 500,000 | 541,150 |
| 799,228 | ||||
| IDAHO 0.4% | ||||
| Idaho Health Facilities Auth | ||||
| RB Series 2021A | 4.00% | 03/01/46 (a)(e) | 250,000 | 293,166 |
| ILLINOIS 2.5% | ||||
| Chicago | ||||
| 2nd Lien Water RB Series 2014 | 5.00% | 11/01/44 (a) | 500,000 | 556,752 |
| Illinois Regional Transportation Auth | ||||
| GO Bonds Series 2018B | 5.00% | 06/01/24 | 250,000 | 278,174 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Illinois Toll Highway Auth | ||||
| Toll Highway Sr RB Series 2017A | 5.00% | 01/01/42 (a) | 450,000 | 542,324 |
| Northern Illinois Univ | ||||
| Auxiliary Facilities System RB Series 2021 | 4.00% | 10/01/43 (a)(c) | 400,000 | 469,022 |
| 1,846,272 | ||||
| LOUISIANA 5.1% | ||||
| Louisiana Local Government Environmental Facilities & Community Development Auth | ||||
| Refunding RB (Westlake Chemical Corp) Series 2017 | 3.50% | 11/01/32 (a) | 1,000,000 | 1,097,889 |
| Louisiana Public Facilities Auth | ||||
| Refunding RB (Tulane Univ) Series 2020A | 4.00% | 04/01/50 (a) | 500,000 | 575,133 |
| Revenue & Refunding Bonds (Ochsner Clinic) Series 2017 | 5.00% | 05/15/42 (a) | 500,000 | 592,408 |
| Louisiana Stadium & Exposition District | ||||
| BAN 2021 | 4.00% | 07/03/23 (a) | 400,000 | 417,698 |
| New Orleans | ||||
| Sewerage Service RB Series 2020B | 5.00% | 06/01/34 (a) | 500,000 | 634,092 |
| Tangipahoa District #1 North Oaks Health System | ||||
| Refunding RB Series 2021 | 4.00% | 02/01/35 (a) | 400,000 | 474,113 |
| 3,791,333 | ||||
| MAINE 1.2% | ||||
| Maine Health & Educational Facilities Auth | ||||
| Educational Facilities RB Series 2021A | 4.00% | 07/01/50 (a) | 750,000 | 879,467 |
| MARYLAND 0.8% | ||||
| Maryland Economic Development Corp | ||||
| Refunding RB (Transportation Facilities) Series 2017A | 5.00% | 06/01/35 (a) | 500,000 | 604,389 |
| MASSACHUSETTS 0.8% | ||||
| Massachusetts Development Finance Agency | ||||
| RB (Southcoast Health System) Series 2021G | 4.00% | 07/01/46 (a) | 200,000 | 235,735 |
| RB (Southcoast Health System) Series 2021G | 5.00% | 07/01/50 (a) | 300,000 | 382,614 |
| 618,349 | ||||
| MICHIGAN 2.7% | ||||
| Detroit SD | ||||
| ULT Refunding RB Series 2020A | 5.00% | 05/01/39 (a)(c) | 500,000 | 638,116 |
| Great Lakes Water Auth | ||||
| 2nd Lien Water System Refunding RB Series 2016D | 5.00% | 07/01/30 (a) | 500,000 | 595,008 |
| Michigan Finance Auth | ||||
| Local Gov’t Loan Program RB (Detroit Public Lighting Auth) Series 2014B | 5.00% | 07/01/44 (a) | 700,000 | 742,640 |
| 1,975,764 | ||||
| MINNESOTA 6.4% | ||||
| South Central Minnesota Multi-Cnty Hsg & Redevelopment Auth | ||||
| Pooled Housing Development RB Series 1993 | 4.37% | 02/01/00 (g) | 15,000 | 7,050 |
| Pooled Housing Development RB Series 1993 | 4.72% | 02/01/02 (g) | 30,000 | 14,100 |
| Pooled Housing Development RB Series 1993 | 4.93% | 02/01/05 (g) | 20,000 | 9,400 |
| Pooled Housing Development RB Series 1993 | 4.96% | 02/01/06 (g) | 20,000 | 9,400 |
| Pooled Housing Development RB Series 1993 | 5.04% | 02/01/07 (g) | 65,000 | 30,550 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Pooled Housing Development RB Series 1993 | 5.07% | 02/01/08 (g) | 10,000 | 4,700 |
| Pooled Housing Development RB Series 1993 | 5.24% | 02/01/17 (g) | 450,000 | 211,500 |
| Pooled Housing Development RB Series 1993 | 5.59% | 02/01/25 (a)(g) | 9,500,000 | 4,465,000 |
| 4,751,700 | ||||
| MISSISSIPPI 0.9% | ||||
| Jackson Cnty | ||||
| Port Facility Refunding RB (Chevron) Series 1993 VRDN SIFMA | 0.02% | 06/01/23 (a)(b)(d)(h) | 700,000 | 700,000 |
| MISSOURI 2.5% | ||||
| Missouri Development Finance Board | ||||
| Facilities Refunding RB Series 2021A | 5.00% | 11/01/26 | 300,000 | 360,469 |
| Facilities Refunding RB Series 2021A | 5.00% | 11/01/29 | 735,000 | 937,680 |
| St Louis | ||||
| Airport Revenue & Refunding Bonds (St Louis Lambert) Series 2019C | 5.00% | 07/01/32 (a) | 425,000 | 536,335 |
| 1,834,484 | ||||
| NEVADA 1.0% | ||||
| Clark Cnty SD | ||||
| Refunding GO Bonds Series 2017C | 5.00% | 06/15/31 (a) | 580,000 | 716,468 |
| NEW JERSEY 5.8% | ||||
| New Jersey | ||||
| GO Bonds Series 2020A | 5.00% | 06/01/26 | 1,000,000 | 1,186,110 |
| New Jersey Economic Development Auth | ||||
| School Facilities Construction Bonds Series 2014 UU | 5.00% | 06/15/34 (a) | 1,000,000 | 1,105,020 |
| South Jersey Transportation Auth | ||||
| Transportation System Refunding RB Series 2014A | 5.00% | 11/01/39 (a) | 1,000,000 | 1,100,498 |
| Tobacco Settlement Financing Corp | ||||
| Tobacco Settlement Bonds Series 2018A | 5.25% | 06/01/46 (a) | 750,000 | 898,326 |
| 4,289,954 | ||||
| NEW YORK 17.1% | ||||
| Hempstead Local Development Corp | ||||
| RB (Hofstra Univ) Series 2021A | 4.00% | 07/01/40 (a) | 710,000 | 856,111 |
| Long Island Power Auth | ||||
| Electric System RB Series 2021A | 5.00% | 09/01/34 (a) | 370,000 | 491,056 |
| Electric System RB Series 2021B | 1.50% | 09/01/51 (a)(d) | 585,000 | 600,030 |
| Metropolitan Transportation Auth | ||||
| Transportation RB Series 2020C1 | 5.25% | 11/15/55 (a) | 500,000 | 616,171 |
| Nassau Cnty | ||||
| GO Bonds Series 2017B | 5.00% | 04/01/31 (a) | 450,000 | 540,942 |
| New York City | ||||
| GO Bonds Fiscal 2013 Series A3 | 0.03% | 10/01/40 (a)(c)(d)(h) | 1,200,000 | 1,200,000 |
| GO Bonds Fiscal 2020 Series C1 | 5.00% | 08/01/30 | 695,000 | 915,182 |
| New York City Municipal Water Finance Auth | ||||
| Water & Sewer System 2nd Resolution RB Fiscal 2017 Series BB1B VRDN SIFMA | 0.02% | 06/15/49 (a)(b)(c)(d)(h) | 1,450,000 | 1,450,000 |
| New York City Transitional Finance Auth | ||||
| Future Tax Secured Sub Bonds Fiscal 2017 Series E1 | 5.00% | 02/01/43 (a) | 500,000 | 598,830 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| New York Liberty Development Corp | ||||
| RB (Goldman Sachs Headquarters) Series 2005 | 5.25% | 10/01/35 | 500,000 | 707,404 |
| New York State Dormitory Auth | ||||
| RB (NYU Langone Hospitals) Series 2020A | 4.00% | 07/01/53 (a) | 500,000 | 580,492 |
| RB Series 2021A | 5.00% | 07/01/46 (a)(e) | 300,000 | 375,539 |
| RB Series 2021A | 5.00% | 07/01/51 (a)(e) | 940,000 | 1,171,471 |
| New York Transportation Development Corp | ||||
| Special Facility RB (JFK Airport) Series 2020A | 5.00% | 12/01/31 (a) | 500,000 | 635,857 |
| Port Auth of New York & New Jersey | ||||
| Consolidated Bonds 223rd Series | 4.00% | 07/15/61 (a) | 500,000 | 576,559 |
| Triborough Bridge & Tunnel Auth | ||||
| Sr Lien RB Series 2021A1 | 5.00% | 05/15/51 (a) | 600,000 | 769,629 |
| Troy Capital Resource Corp | ||||
| Refunding RB (Rensselaer Polytechnic Institute) Series 2021 | 4.00% | 09/01/35 (a) | 190,000 | 226,434 |
| Refunding RB (Rensselaer Polytechnic Institute) Series 2021 | 4.00% | 09/01/36 (a) | 280,000 | 333,079 |
| 12,644,786 | ||||
| NORTH CAROLINA 0.9% | ||||
| Charlotte | ||||
| Airport RB (Charlotte Douglas Intl) Series 2021B | 4.00% | 07/01/51 (a) | 250,000 | 292,136 |
| North Carolina Medical Care Commission | ||||
| Health Care Facilities RB (Presbyterian Homes) Series 2020A | 4.00% | 10/01/40 (a) | 300,000 | 340,108 |
| 632,244 | ||||
| OHIO 1.0% | ||||
| Butler Cnty | ||||
| Hospital Facilities Refunding RB (UC Health) Series 2017 | 5.00% | 11/15/30 (a) | 500,000 | 606,291 |
| Northeast Ohio Medical Univ | ||||
| General Refunding RB Series 2021A | 3.00% | 12/01/21 | 100,000 | 100,000 |
| 706,291 | ||||
| OKLAHOMA 2.1% | ||||
| Oklahoma Development Finance Auth | ||||
| Health System RB (OU Medicine) Series 2018B | 5.50% | 08/15/57 (a) | 500,000 | 617,624 |
| Tulsa Cnty Industrial Auth | ||||
| Educational Facilities Lease RB Series 2021A | 4.00% | 09/01/31 (e) | 750,000 | 930,512 |
| 1,548,136 | ||||
| OREGON 0.8% | ||||
| Lane Cnty SD #52 | ||||
| GO Bonds Series 2021A | 0.00% | 06/15/44 (a)(c)(f) | 1,000,000 | 559,278 |
| PENNSYLVANIA 5.3% | ||||
| Commonwealth Financing Auth | ||||
| Tobacco Settlement RB Series 2018 | 5.00% | 06/01/35 (a) | 500,000 | 608,868 |
| Pennsylvania Economic Development Financing Auth | ||||
| RB (Univ of Pittsburgh Medical Center) Series 2021A | 3.00% | 10/15/46 (a) | 500,000 | 536,383 |
| Sewage Sludge Disposal Refunding RB (Philadelphia Biosolids) Series 2020 | 4.00% | 01/01/30 (b) | 1,300,000 | 1,508,421 |
| Pennsylvania State Turnpike Commission | ||||
| Sub RB Series 2017B1 | 5.25% | 06/01/47 (a) | 250,000 | 302,500 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Philadelphia | ||||
| Water & Wastewater RB Series 2019B | 5.00% | 11/01/54 (a) | 500,000 | 623,659 |
| Philadelphia SD | ||||
| GO Bonds Series 2018A | 5.00% | 09/01/31 (a) | 250,000 | 312,024 |
| 3,891,855 | ||||
| SOUTH CAROLINA 0.8% | ||||
| South Carolina Public Service Auth | ||||
| Revenue & Refunding Bonds Series 2016B | 5.00% | 12/01/56 (a) | 500,000 | 590,479 |
| TENNESSEE 3.1% | ||||
| Chattanooga Health Educational & Housing Facilities Board | ||||
| Student Housing Refunding RB (CDFI Univ of Tennessee at Chattanooga) Series 2015 | 5.00% | 10/01/29 (a) | 500,000 | 561,918 |
| Memphis | ||||
| GO Refunding Bonds Series 2020 | 4.00% | 05/01/34 (a) | 500,000 | 589,287 |
| Tennergy Corp | ||||
| Gas Supply RB Series 2021A | 4.00% | 12/01/51 (a)(d) | 1,000,000 | 1,165,215 |
| 2,316,420 | ||||
| TEXAS 7.6% | ||||
| Arlington Higher Education Finance Corp | ||||
| Education RB (Harmony Public Schools) Series 2021A | 4.00% | 02/15/28 (c) | 300,000 | 353,863 |
| Education RB (Harmony Public Schools) Series 2021A | 4.00% | 02/15/29 (c) | 285,000 | 341,619 |
| Education RB (Harmony Public Schools) Series 2021A | 4.00% | 02/15/30 (c) | 305,000 | 370,622 |
| Education RB (Harmony Public Schools) Series 2021A | 4.00% | 02/15/31 (c) | 315,000 | 387,560 |
| Dallas-Fort Worth International Airport | ||||
| Refunding RB Series 2021B | 4.00% | 11/01/45 (a) | 750,000 | 882,692 |
| Love Field Airport Modernization Corp | ||||
| General Airport Refunding RB Series 2021 | 5.00% | 11/01/29 | 500,000 | 633,582 |
| New Hope Cultural Educational Facilities Corp | ||||
| Education RB (Beta Academy) Series 2019A | 5.00% | 08/15/49 (a) | 500,000 | 528,555 |
| North Texas Tollway Auth | ||||
| 1st Tier System Revenue & Refunding Bonds Series 2017A | 5.00% | 01/01/43 (a) | 500,000 | 610,549 |
| System 2nd Tier Refunding RB Series 2021B | 4.00% | 01/01/37 (a) | 500,000 | 601,855 |
| Texas Transportation Commission | ||||
| Central Texas Turnpike System 2nd Tier Refunding RB Series 2015C | 5.00% | 08/15/34 (a) | 800,000 | 895,684 |
| 5,606,581 | ||||
| UTAH 1.4% | ||||
| Vineyard Redevelopment Agency | ||||
| Tax Increment Refunding RB Series 2021 | 5.00% | 05/01/29 | 175,000 | 221,416 |
| Tax Increment Refunding RB Series 2021 | 5.00% | 05/01/30 | 200,000 | 257,340 |
| Tax Increment Refunding RB Series 2021 | 4.00% | 05/01/35 (a) | 100,000 | 119,717 |
| Tax Increment Refunding RB Series 2021 | 4.00% | 05/01/38 (a) | 225,000 | 268,397 |
| Tax Increment Refunding RB Series 2021 | 4.00% | 05/01/39 (a) | 175,000 | 208,301 |
| 1,075,171 | ||||
| VIRGINIA 1.9% | ||||
| Lynchburg Economic Development Auth | ||||
| Hospital Refunding RB (Central Health Obligated Group) Series 2021 | 4.00% | 01/01/41 (a) | 535,000 | 639,915 |
| ISSUER TYPE OF SECURITY, SERIES | RATE | MATURITY | FACE AMOUNT ($) | VALUE ($) |
| Virginia College Building Auth | ||||
| Educational Facilities RB (Randolph-Mason College) Series 2021A | 3.00% | 01/15/46 (a) | 700,000 | 752,238 |
| 1,392,153 | ||||
| WASHINGTON 1.7% | ||||
| Greater Wenatchee Regional Events Center Public Facilities Dist | ||||
| Limited Sales Tax RB Series 2012A | 4.50% | 09/01/22 (i) | 190,000 | 196,153 |
| Limited Sales Tax RB Series 2012A | 5.25% | 09/01/32 (a)(i) | 500,000 | 518,990 |
| Skagit Cnty Hospital Dist | ||||
| Refunding RB (Skagit Valley Hospital) Series 2013A | 5.00% | 12/01/37 (a) | 500,000 | 535,201 |
| 1,250,344 | ||||
| WEST VIRGINIA 1.0% | ||||
| Marshall Univ | ||||
| Improvement Refunding RB Series 2020A | 4.00% | 05/01/50 (a) | 635,000 | 728,654 |
| WISCONSIN 2.4% | ||||
| Wisconsin Health & Educational Facilities Auth | ||||
| RB (Hmong American Peace Academy) Series 2020 | 5.00% | 03/15/50 (a)(b) | 1,075,000 | 1,290,113 |
| RB (Woodland Hill Sr Housing) Series 2014 | 5.25% | 12/01/49 (a) | 500,000 | 517,560 |
| 1,807,673 | ||||
| WYOMING 0.7% | ||||
| Laramie Cnty | ||||
| Hospital Refunding RB (Cheyenne Regional Medical Center) Series 2021 | 3.00% | 05/01/42 (a) | 500,000 | 532,031 |
| Total Municipal Securities (Cost $72,870,061) | 75,673,881 | |||
| Total Investments (Cost $72,870,061) | 75,673,881 | |||
| (a) | The effective maturity may be shorter than the final maturity shown because the security is subject to a put, demand or call feature. |
| (b) | All or a portion of this security is designated as collateral for delayed-delivery securities. |
| (c) | Credit-enhanced or liquidity-enhanced. |
| (d) | Variable rate security; rate shown is effective rate at period end. |
| (e) | Security or a portion of the security purchased on a delayed-delivery or when-issued basis. |
| (f) | Zero coupon bond. |
| (g) | The securities are in default and are not making full payments of interest and principal when due. The securities are making semi-annual distributions of variable amounts of cash flow. These amounts are determined by factors including, but not limited to, property occupancy levels, per unit rental rates and capital reinvestment expenses. The coupon accrual rate utilized by the Fund is reviewed at least annually and will generally be based on interest payments received historically along with any known changes in the previously mentioned factors. |
| (h) | VRDN is a municipal security which allows holders to sell their security through a put or tender feature, at par value plus accrued interest. The interest rate resets on a periodic basis, the majority of which are weekly but may be daily or monthly. Unless a reference rate and spread is shown parenthetically, the Remarketing Agent, generally a dealer, determines the interest rate for the security at each interest rate reset date. The rate is typically based on the SIFMA Municipal Swap Index |
| (i) | Refunded bond. |
| BAN — | Bond anticipation note |
| COP — | Certificate of participation |
| GO — | General obligation |
| IDA — | Industrial development agency/authority |
| LT — | Limited tax |
| RB — | Revenue bond |
| SD — | School district |
| SIFMA — | Securities Industry and Financial Markets Association. The SIFMA Municipal Swap Index is a market index comprised of high-grade 7-day tax-exempt Variable Rate Demand Obligations with certain characteristics. |
| ULT — | Unlimited tax |
| USD — | Unified school district |
| VRDN — | Variable rate demand note |
| DESCRIPTION | QUOTED PRICES IN ACTIVE MARKETS FOR IDENTICAL ASSETS (LEVEL 1) | OTHER SIGNIFICANT OBSERVABLE INPUTS (LEVEL 2) | SIGNIFICANT UNOBSERVABLE INPUTS (LEVEL 3) | TOTAL |
| Assets | ||||
| Municipal Securities1 | $— | $75,673,881 | $— | $75,673,881 |
| Total | $— | $75,673,881 | $— | $75,673,881 |
| 1 | As categorized in the Portfolio Holdings. |